oc697vot.blogspot.com
A “cash for clunkers” programn proposed in the Americabn Clean Energy and Security Act wouldc give car buyers a credirt of upto $4,500 toward new-car purchases. That could reignite auto which are on pace for the worst yearsince 1979. “It’s a spectacular idea,” said Rhettf Ricart, CEO of in Columbus. “It’ll speed up The House Committee on Energy and Commercse estimatesthe one-year program coul d add as many as 1 millioh sales this year. That would be a 10 percentr boost to the 10 milliojn vehicles Americans are expected to buyin 2009, according to J.D. Powert & Associates. U.S. Rep.
Betty Sutton, D-Ohio, introduced the prograj both as an amendment to the energy bill and asstandalone legislation. U.S. Sen. Sherrod D-Ohio, stressed the importance of the bill in a May 20 discussionh with reporters about thefederapl government’s work to help the auto industry in Ohio. Browhn said he couldn’t predict the proposal’s chance of approvalo in Congress, but he’d like to see the incentives get tobuyers quickly. He said it makes sense to pass the program separateluy to getit started.
President Baracjk Obama has said he supports the House which isin committee, while the Senate is workingb on a version, which may carry higher fuel economy according to published reports. The program, which several European countrieshave instituted, would discount qualifying new-car purchases by eithee $3,500 or $4,500, depending on fuel efficiency Eligible cars for trade-in would have to be at least a year old and have a combinedd EPA fuel economy rating of 18 miles per gallon or The buyer would get a $3,500 credit if the new vehiclre gets between 4 and 9 mpg more than the trade-inb and the full $4,500 creditf if the new vehicle gets at leas 10 mpg better.
For trucks, the trade-in minimum would be 18 mpg, with a 2 mpg improvementg necessaryfor $3,500 and a 5 mpg boostf for the $4,500 credit. Large light-dutu trucks, which weigh between 6,000 and 8,500 would have a trade-in standard of 15 mpg and improvement thresholds of 1 mpg and2 mpg. Work which are more than 8,500 pounds, do not have mileagee ratings, but 2001 vehicles or older would be eligiblwe fora $3,500 credit. Though the credit would be considered cash fromthe buyer’s point of view, consumers woulfd not touch the money. Dealers woule get an electronic reimbursement from the government for the according to informationfrom Congress.
Germany, France and the Unite Kingdom have fleetmodernization programs. Germany’a program boosted auto salee by 20 percent since its February according tothe . Any increase in domestic salexsis welcome. Ricart said his dealership group, which sells six brands, five of whicj are foreign makes, expects to benefit across most ofthe nameplates. Foreign vehicles will do while Ford hasmade fuel-efficiency improvements that should attract customers as he said. “I don’t think you’ll see peoplde buying $35,000 cars, but you’ll see peopler who are looking for cars foreverydaty transport,” he said.
Ricart said the only concernm for dealers is how quickly the governmengt wouldreimburse them. The supportws the House program. “A cash for clunkers progranm gets gas-guzzlers off the road and replaces them with more fueleconomicalo vehicles,” Legislative Affairs Vice President David Regan said in a Trade-ins wouldn’t be but instead sent to a salvage operatot to be scrapped. How that would be enforced has yet tobe Regan, in an April question-and-answer sessioh posted on the organization’s Web said the two key features for dealerxs are that vouchers must be treatedd like cash from customers to lowerd the amount financed, and the prograk would have to include all car not foreign or domestic alone.
“Dealers regardless of nameplatesare suffering,” he said.
Monday, October 31, 2011
Saturday, October 29, 2011
Quiksilver secures $150M term loan, posts 2Q profit - Puget Sound Business Journal (Seattle):
http://www.astanda.com/Download_Desktop/Icons/download36352.html
The Huntington Beach company ZQK) also posted second-quarter earnings of $2.8 million. The five-year term loan with private-equith firm Rhone was made to improve Quiksilver's liquidityh and solidify its banking relationships. As part of the termes of the loan, Quiksilver will name a pair of Rhone appointeese to its boardof directors. Quiksilve also refinanced its credit facility with anew three-year, $200 million facility led by and . The compangy is also in discussionse with its French banking partners to consolidate its Europea debts into anew multi-yea r facility.
In the company's earningd report, the company swung to profitabilith in thesecond quarter, postinv the earnings of 2 cents a which included several one-time Without the items, the earnings per share would have been 5 centsa a share. Analyst estimates placed the earnings at 9 cents a Sales dropped 17 coming inat $494.2 million. In the second quarter a year ago, the companuy lost $206.2 million, or $1.59 a on sales of $596.3 million. That quarter includef losses of $244.9 million from discontinuefd operations. Quiksilver is an apparel and accessories company. Its core brands are Roxy and DC.
A renewed focus on thosw core brands are the focus ofthe company's long-ternm plan to improve profits.
The Huntington Beach company ZQK) also posted second-quarter earnings of $2.8 million. The five-year term loan with private-equith firm Rhone was made to improve Quiksilver's liquidityh and solidify its banking relationships. As part of the termes of the loan, Quiksilver will name a pair of Rhone appointeese to its boardof directors. Quiksilve also refinanced its credit facility with anew three-year, $200 million facility led by and . The compangy is also in discussionse with its French banking partners to consolidate its Europea debts into anew multi-yea r facility.
In the company's earningd report, the company swung to profitabilith in thesecond quarter, postinv the earnings of 2 cents a which included several one-time Without the items, the earnings per share would have been 5 centsa a share. Analyst estimates placed the earnings at 9 cents a Sales dropped 17 coming inat $494.2 million. In the second quarter a year ago, the companuy lost $206.2 million, or $1.59 a on sales of $596.3 million. That quarter includef losses of $244.9 million from discontinuefd operations. Quiksilver is an apparel and accessories company. Its core brands are Roxy and DC.
A renewed focus on thosw core brands are the focus ofthe company's long-ternm plan to improve profits.
Thursday, October 27, 2011
Ramsay stepping down as president of University of Maryland, Baltimore - The Business Review (Albany):
husydow.wordpress.com
During his tenure, Ramsay was instrumentapl in launching the ambitious UMB BioPark andthe university’x west-side expansion efforts. In a letter to Ramsay said he would step down once the selectshis “Until that time I shalk continue to serve this campus to the best of my abilit so that the coming year will be at least as productive as what has gone Ramsay said in the letter. Ramsag has grown UMB into a top-notch research institution, said Universitt System of Maryland ChancellorWilliam E. Kirwan. “It’s a different place than what he came Kirwan said.
“He came in with a real missionb of building the quality of the institution and he has done that in anexceptionalk fashion.” Kirwan said he will form a searcg committee to find Ramsay’s replacement. The processe could take anywhere from a few monthd toa year. Ramsay, 70, is the past chai r of the Association of Academic Healtg Centers and was recently appointes its firstforeign secretary. He also serves on the boarda ofthe , the Downtown Partnership of Baltimore Inc.
, the and the in
During his tenure, Ramsay was instrumentapl in launching the ambitious UMB BioPark andthe university’x west-side expansion efforts. In a letter to Ramsay said he would step down once the selectshis “Until that time I shalk continue to serve this campus to the best of my abilit so that the coming year will be at least as productive as what has gone Ramsay said in the letter. Ramsag has grown UMB into a top-notch research institution, said Universitt System of Maryland ChancellorWilliam E. Kirwan. “It’s a different place than what he came Kirwan said.
“He came in with a real missionb of building the quality of the institution and he has done that in anexceptionalk fashion.” Kirwan said he will form a searcg committee to find Ramsay’s replacement. The processe could take anywhere from a few monthd toa year. Ramsay, 70, is the past chai r of the Association of Academic Healtg Centers and was recently appointes its firstforeign secretary. He also serves on the boarda ofthe , the Downtown Partnership of Baltimore Inc.
, the and the in
Monday, October 24, 2011
The Politics of free trade: New Mexico edition - NMPolitics.net
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The Politics of free trade: New Mexico edition NMPolitics.net Martin Heinrich and Rep. Ben Ray Luján â€" voted against all three agreements. Lujan's vote against these agreements, while disappointing, is hardly surprising given that he never demonstrates any independence from his Democrat masters in the Nancy ... |
Saturday, October 22, 2011
Madoff gets 150 years in prison - Jacksonville Business Journal:
ishinlyuboqemija.blogspot.com
“I’m not surprised. That’s what he deserved,” said Adele Fox of who lost thousands of dollarseto Madoff's scheme. The mastermind behind the biggest Ponzki schemein U.S. history was sentenced on Monday morninvg in federal court in Manhattan to 150 yearsbehinf bars, the maximum requested by federal prosecutors. Madoff's attorneh had asked for a far more lenient sentence of 12 Insentencing Madoff, U.S. District Judge Denng Chin called thefraud “staggering” and said that the “breachn of trust was massive.
” The judge describec his acts as “extraordinarily “No other white-collar case is comparable in termds of the scope, duration and enormity of the fraud and the degrees of the betrayal,” Chin said. Madof f confessed in March to 11 counts including money laundering theftand perjury, among other His victims reportedly number more than 1,3090 and stretch across the globe. Their losses are estimater at morethan $13 billion. Prior to sentencing, Chin heared from nine of the victimsd who talked about thedevastation Madoff’d fraud had caused to theie lives and their families.
Many of Madoff’sz wealthy clients lived in South Floridsa and lost their life savings tohis Fox, 86, said she is stil l furious that the and the federak government didn’t expose Madoff’s fraud “The SEC is just as guilty as Madoff and they faile d us. Nobody seems to do anything aboutg it,” Fox said. She also took issue with the largde fees being paid to people such asIrving H. Picard, the trustee who is handlinvg the liquidation ofBernard L. Madoff Investmentf Securities. “The trustee Picard is making hisown They’re paying these guys millions of It would be better to pay the investors Fox said.
Fox, a widoq who once worked as secretary in New said sheinvested $50,000 in 1987 becausr she was related to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneg back from Social Securitypayments she’d made over the yearzs on “phantom” income from Madoff accounts. she is worried that her disbursements may eventually be targete in clawback efforts by the trustee in bankruptcy proceedings who has begunj sending out letters demandintg the return of profits derivee fromtheir investments.
Guy Fronstin a Boca Raton attorney who hasadvised Fox, said the government has “been good about refunding taxes quickly” but therse are delays in processing claims to the Securities Investor Protection “Some of the people I know are too busy with thesd other issues to really care that much about what happened today. They believed he would spends the rest of his days in Fronstin said. Jan Atlas, an attorneyu with Adorno Yoss, said he believes the cour had little choice but to levy the maximum sentencewon Madoff.
“I don’t think the victims shoulr have been victimized again by havinb him be able to leave prisonbone day,” said Atlas, whose firm continuews to advise clients about tax returnxs and possibly future claims against investment advisords who invested with Madoff. “I’m wondering if the trusted will be able to locate more than the billion plusthat he’s located, and what is the real Atlas said. In addition to his priso n term, Madoff was ordered to forfeigtnearly $170 billion, which represents the proceeds of, and property involves in certain of his crimes, according to a news release from the U.S. Departmenft of Justice.
“While today’s sentencre is an important milestone, the investigation is continuing,” Lev L. acting U.S. Attorney for the Southernj District ofNew York, said in a news “We are focused on tracing, restraininf and liquidating assets to maximize recoveries for the victims.”
“I’m not surprised. That’s what he deserved,” said Adele Fox of who lost thousands of dollarseto Madoff's scheme. The mastermind behind the biggest Ponzki schemein U.S. history was sentenced on Monday morninvg in federal court in Manhattan to 150 yearsbehinf bars, the maximum requested by federal prosecutors. Madoff's attorneh had asked for a far more lenient sentence of 12 Insentencing Madoff, U.S. District Judge Denng Chin called thefraud “staggering” and said that the “breachn of trust was massive.
” The judge describec his acts as “extraordinarily “No other white-collar case is comparable in termds of the scope, duration and enormity of the fraud and the degrees of the betrayal,” Chin said. Madof f confessed in March to 11 counts including money laundering theftand perjury, among other His victims reportedly number more than 1,3090 and stretch across the globe. Their losses are estimater at morethan $13 billion. Prior to sentencing, Chin heared from nine of the victimsd who talked about thedevastation Madoff’d fraud had caused to theie lives and their families.
Many of Madoff’sz wealthy clients lived in South Floridsa and lost their life savings tohis Fox, 86, said she is stil l furious that the and the federak government didn’t expose Madoff’s fraud “The SEC is just as guilty as Madoff and they faile d us. Nobody seems to do anything aboutg it,” Fox said. She also took issue with the largde fees being paid to people such asIrving H. Picard, the trustee who is handlinvg the liquidation ofBernard L. Madoff Investmentf Securities. “The trustee Picard is making hisown They’re paying these guys millions of It would be better to pay the investors Fox said.
Fox, a widoq who once worked as secretary in New said sheinvested $50,000 in 1987 becausr she was related to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneg back from Social Securitypayments she’d made over the yearzs on “phantom” income from Madoff accounts. she is worried that her disbursements may eventually be targete in clawback efforts by the trustee in bankruptcy proceedings who has begunj sending out letters demandintg the return of profits derivee fromtheir investments.
Guy Fronstin a Boca Raton attorney who hasadvised Fox, said the government has “been good about refunding taxes quickly” but therse are delays in processing claims to the Securities Investor Protection “Some of the people I know are too busy with thesd other issues to really care that much about what happened today. They believed he would spends the rest of his days in Fronstin said. Jan Atlas, an attorneyu with Adorno Yoss, said he believes the cour had little choice but to levy the maximum sentencewon Madoff.
“I don’t think the victims shoulr have been victimized again by havinb him be able to leave prisonbone day,” said Atlas, whose firm continuews to advise clients about tax returnxs and possibly future claims against investment advisords who invested with Madoff. “I’m wondering if the trusted will be able to locate more than the billion plusthat he’s located, and what is the real Atlas said. In addition to his priso n term, Madoff was ordered to forfeigtnearly $170 billion, which represents the proceeds of, and property involves in certain of his crimes, according to a news release from the U.S. Departmenft of Justice.
“While today’s sentencre is an important milestone, the investigation is continuing,” Lev L. acting U.S. Attorney for the Southernj District ofNew York, said in a news “We are focused on tracing, restraininf and liquidating assets to maximize recoveries for the victims.”
Thursday, October 20, 2011
Rick Ross Postpones LA Concert, - TMZ.com
oc697vot.blogspot.com
TMZ.com | Rick Ross Postpones LA Concert, TMZ.com With his health still a major concern, Rick Ross has decided to play it easy this weekend ... rescheduling his LA concert for 2012 so he can focus on his recovery. As TMZ first reported, Rick suffered two seizures last week before a performance in ... Rick Ross Postpones Los Angeles Performance To Recover |
Tuesday, October 18, 2011
NYPD Cop Taped Making Racial Slur About Black Man After Stop-and-Frisk - ColorLines magazine
pemp66seb.blogspot.com
New York Daily News | NYPD Cop Taped Making Racial Slur About Black Man After Stop-and-Frisk ColorLines magazine A New York City Police officer has been charged with a federal civil rights violation after prosecutors said he used a racial slur while bragging that he had falsely charged a black man with resisting arrest. ... NYPD cop Michael Daragjati taped making racial slurs about black man; accused ... N.Y. officer charged with bias-based false arrest of black man NYPD Officer Charged for Lying About Raci » |
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