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Cuomo says the banks have and will continure to provide liquidityto investors. Last October, agreeed to buy back as much as $4.7 billionn in auction-rate securities it sold to about 5,500 investors, small businesses and small charitiea before the market collapsed inFebruary 2008. According to the Securitiesz andExchange Commission, the settlementg also required BofA to “use its best to provide up to $5 billion in liquiditty to businesses and institutional investors with accountss valued at $15 million or more, and charities with accounta valued at $25 million or The agreement resolved allegations that securities dealer s made misrepresentations to customersw during sales of auction-rate securities about their safety and liquidity.
Auction-rate securities have interesrt rates that are reset at weekly or monthlu auctions run byinvestment firms. The $330 billion market collapsed last year, when investors became alarmed at the prospectzs of the ability of corporatee borrowers covering debt service onthe securities. Many were left with securitiesw they could not sell intothe market. Charlotte-based BofA neither admitted nor denied The SEC also has finalized a settlementy with BofA overthe securities.
Tuesday, 26 July 2011
Sunday, 24 July 2011
Aurora's Southlands shopping center damaged by tornado - Business First of Columbus:
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A twister reportedly touched down nearby at 1:49 p.m. Sunday and crossed through the area onan eight- to 10-mile-long path for abouyt 30 minutes, the said. . Firefighters found moderate damageat Southlands, located at E-470 and Smoky Hill CBS4 News reported. Rooftop heating, ventingb and air-conditioning units were damaged, windows were broken, a shed was and a car was overturned. Natural-gasz leaks also were noted. Authorities shut down gas serviced to Southlands earlySunday afternoon.
No seriousx injuries were reported onthe shopping-center grounds, but a man in a nearbyh neighborhood who was tryintg to take pictures reportedly was hospitalized with unspecified serious injuries, accordinyg to news reports. A Southlands spokeswoman told CBS4 most ofthe center'ws stores will be closed Monday to allows for continued damage assessment. She said customerz should call individual stores to verify whether they are closedor Southlands, which opened in 2006, is the Denver area'z largest shopping center by retai l space, at 1.7 million square feet. It consistss of several freestanding buildings connected by pedestrian corridoraand streets.
The complex is owned by Granite Southlands Town Center LLC and managed by Forest City CommercialManagement Inc. Four other tornadoese were spotted north and east of DenverSunday afternoon, and baseball-sizec hail struck some As many as 3,000 customers were without powed for a time in partx of Aurora and Centennial. .
A twister reportedly touched down nearby at 1:49 p.m. Sunday and crossed through the area onan eight- to 10-mile-long path for abouyt 30 minutes, the said. . Firefighters found moderate damageat Southlands, located at E-470 and Smoky Hill CBS4 News reported. Rooftop heating, ventingb and air-conditioning units were damaged, windows were broken, a shed was and a car was overturned. Natural-gasz leaks also were noted. Authorities shut down gas serviced to Southlands earlySunday afternoon.
No seriousx injuries were reported onthe shopping-center grounds, but a man in a nearbyh neighborhood who was tryintg to take pictures reportedly was hospitalized with unspecified serious injuries, accordinyg to news reports. A Southlands spokeswoman told CBS4 most ofthe center'ws stores will be closed Monday to allows for continued damage assessment. She said customerz should call individual stores to verify whether they are closedor Southlands, which opened in 2006, is the Denver area'z largest shopping center by retai l space, at 1.7 million square feet. It consistss of several freestanding buildings connected by pedestrian corridoraand streets.
The complex is owned by Granite Southlands Town Center LLC and managed by Forest City CommercialManagement Inc. Four other tornadoese were spotted north and east of DenverSunday afternoon, and baseball-sizec hail struck some As many as 3,000 customers were without powed for a time in partx of Aurora and Centennial. .
Friday, 22 July 2011
Flying Lotus – “Lullaby†x “Heave (n) mix2″ - The Smoking Section
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Prefixmag | Flying Lotus â€" “Lullaby†x “Heave (n) mix2″ The Smoking Section “Lullaby†and “Heave (n) mix2″ churn along with lethargic lurch and juxtaposed mariachi shakes. The layered mixes present the varied soundscapes the LA-based DJ has claimed as his own. It's the perfect bridge between traditional Hip-Hop, world music, ... New: Flying Lotus - "Voyagerrrrrs" |
Wednesday, 20 July 2011
Medical errors down at U.S. veterans' hospitals - Reuters
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Fox News | Medical errors down at U.S. veterans' hospitals Reuters By Frederik Joelving NEW YORK (Reuters Health) - The rate of medical errors is down at the US Veterans Health Administration (VHA), according to a new report. The number of close c » |
Sunday, 17 July 2011
Wachovia report: Florida hit harder by recession - South Florida Business Journal:
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but Florida is on a more difficult road to according to a new repor t fromEconomics Group. Florida went into the recessionm nine months ahead of the rest of the and excesses in housing and commerciaol real estate are considerably worse than the natiojn asa whole, the report says. Statewide, the median sales price of existingg homes is down about 45 percent from the peak of the housingh boom inNovember 2005.
Employmeny conditions continueto deteriorate, according to the The state’s unemployment rate is expectedr to top out around 11 Wachovia projects, with a loss of 720,000p jobs, including 430,000 jobs lost this reported 137 layoff events duringt the first quarter, more than double the previousa period. Job losses are heaviesft in industries with direct ties to thebuildinh boom, including construction and Wachovia said. Wachovia estimates Floridians saw a net lossof $1.2 trilliom in household wealth during 2008, with about two-thirds of that drop occurrint in financial assets.
but Florida is on a more difficult road to according to a new repor t fromEconomics Group. Florida went into the recessionm nine months ahead of the rest of the and excesses in housing and commerciaol real estate are considerably worse than the natiojn asa whole, the report says. Statewide, the median sales price of existingg homes is down about 45 percent from the peak of the housingh boom inNovember 2005.
Employmeny conditions continueto deteriorate, according to the The state’s unemployment rate is expectedr to top out around 11 Wachovia projects, with a loss of 720,000p jobs, including 430,000 jobs lost this reported 137 layoff events duringt the first quarter, more than double the previousa period. Job losses are heaviesft in industries with direct ties to thebuildinh boom, including construction and Wachovia said. Wachovia estimates Floridians saw a net lossof $1.2 trilliom in household wealth during 2008, with about two-thirds of that drop occurrint in financial assets.
Friday, 15 July 2011
Stirling Energy Systems expands its offices as solar efforts ramp up - Pacific Business News (Honolulu):
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The Scottsdale company, which received a $100 million investmen t last yearfrom Dublin-based NTR plc, is moving quickly to capturwe a segment of the utility-scalr solar market with its Stirling engines technology. The company opened its new 37,000-square-foot office in early May. It has hiref about 100 employees this year and expectss to add 60 to 80 more by the end of the for a totalof 180, said CEO Stev Cowman, who joined the firm last year as part of NTR’s investment. “We’ve always liked the solarf space, and this was a good opportunity,” he The company is based on anearly 200-year-ole engine design, which operates througu the expansion and contraction of gases.
Stirling uses a 40-foot mirrored dish to focus the sun’s rays to heat hydrogenj gas to 1,400 degrees Fahrenheit. The gas moving a piston and powering the As thegas cools, it is movedc out of the pistoj chamber and back to where it will be reheatedr by the sun. The company had been operating in the Vallegsince 1996, but NTR’s investment has pushed it to develo p the technology more It has two power-purchase agreements: one with San Dieg o Gas & Electric for betweeb 300 and 750 megawatts at a site in Imperiall Valley, Calif., and one with Southern Californiaq Edison for 500 to 900 megawattsw in the Mohave Desert.
Cowmam said it’s adding positions of all types, from engineerinvg to construction, to meet its growth curve. To handle project management, NTR founded Tessera Solar earlief this year to developthe utility-scale with Stirling providing the equipment. Ramping up both project development and constructiob has required capital and people to serve what the compang believes will be one of the larges t solar markets inthe world, said Jim CEO of NTR. “We believe the U.S. will be the globalo leader in renewable energy, and that will happen in the nextfew years,” he said.
NTR, foundee 30 years ago to operate Ireland’a toll roads, has expandec into a number of renewable energyy andrecycling efforts. Stirling’s technologyt — which offers an alternativew tophotovoltaic systems, as well as a differenrt take on concentrated solar power — has a good base in Arizonaa that can serve markets throughout the Barry said. In addition to hiring, the company is lookinb at potential sites in the Valleh to housea 60-dish, 1.5-megawatt test The company has a small site at the Sandia National Laboratories in N.M.
, but is hopin to find a larger site to provide a location to bring It has run into challenges securing local permitx for a site and findint a location that can be tied into the electricc grid, officials said. The company could be a boon for Arizonsa in more ways than simplyproviding power. It is usinyg auto component suppliers to build itsengine parts, and officiale are talking with those suppliers about the possibility of locating facilities in the Southwesy to handle the bulk of Stirling’s projects, at least for the firsyt few years, Cowman said. “If you can builsd your manufacturing close to yourend facilities, that’s going to benefitf everyone,” he said.
Stirlingh is one of the solar companiew that could provide a base for other manufacturers to land inthe Valley, said Barryt Broome, president and CEO of the Greaterr Phoenix Economic Council. “This is a good example,” he “It’s got a small number of people and it hopeasto expand, and it could help its supplier s relocate here.” Stirling’s expansion in Arizona dependxs on state policies. Othe states are offering manufacturing incentives, and Arizona’ s effort to develop such enticements is mired inbudgetr problems. “We really want to grow our business in but we needthose incentives,” Cowman said.
The Scottsdale company, which received a $100 million investmen t last yearfrom Dublin-based NTR plc, is moving quickly to capturwe a segment of the utility-scalr solar market with its Stirling engines technology. The company opened its new 37,000-square-foot office in early May. It has hiref about 100 employees this year and expectss to add 60 to 80 more by the end of the for a totalof 180, said CEO Stev Cowman, who joined the firm last year as part of NTR’s investment. “We’ve always liked the solarf space, and this was a good opportunity,” he The company is based on anearly 200-year-ole engine design, which operates througu the expansion and contraction of gases.
Stirling uses a 40-foot mirrored dish to focus the sun’s rays to heat hydrogenj gas to 1,400 degrees Fahrenheit. The gas moving a piston and powering the As thegas cools, it is movedc out of the pistoj chamber and back to where it will be reheatedr by the sun. The company had been operating in the Vallegsince 1996, but NTR’s investment has pushed it to develo p the technology more It has two power-purchase agreements: one with San Dieg o Gas & Electric for betweeb 300 and 750 megawatts at a site in Imperiall Valley, Calif., and one with Southern Californiaq Edison for 500 to 900 megawattsw in the Mohave Desert.
Cowmam said it’s adding positions of all types, from engineerinvg to construction, to meet its growth curve. To handle project management, NTR founded Tessera Solar earlief this year to developthe utility-scale with Stirling providing the equipment. Ramping up both project development and constructiob has required capital and people to serve what the compang believes will be one of the larges t solar markets inthe world, said Jim CEO of NTR. “We believe the U.S. will be the globalo leader in renewable energy, and that will happen in the nextfew years,” he said.
NTR, foundee 30 years ago to operate Ireland’a toll roads, has expandec into a number of renewable energyy andrecycling efforts. Stirling’s technologyt — which offers an alternativew tophotovoltaic systems, as well as a differenrt take on concentrated solar power — has a good base in Arizonaa that can serve markets throughout the Barry said. In addition to hiring, the company is lookinb at potential sites in the Valleh to housea 60-dish, 1.5-megawatt test The company has a small site at the Sandia National Laboratories in N.M.
, but is hopin to find a larger site to provide a location to bring It has run into challenges securing local permitx for a site and findint a location that can be tied into the electricc grid, officials said. The company could be a boon for Arizonsa in more ways than simplyproviding power. It is usinyg auto component suppliers to build itsengine parts, and officiale are talking with those suppliers about the possibility of locating facilities in the Southwesy to handle the bulk of Stirling’s projects, at least for the firsyt few years, Cowman said. “If you can builsd your manufacturing close to yourend facilities, that’s going to benefitf everyone,” he said.
Stirlingh is one of the solar companiew that could provide a base for other manufacturers to land inthe Valley, said Barryt Broome, president and CEO of the Greaterr Phoenix Economic Council. “This is a good example,” he “It’s got a small number of people and it hopeasto expand, and it could help its supplier s relocate here.” Stirling’s expansion in Arizona dependxs on state policies. Othe states are offering manufacturing incentives, and Arizona’ s effort to develop such enticements is mired inbudgetr problems. “We really want to grow our business in but we needthose incentives,” Cowman said.
Wednesday, 13 July 2011
New study defines, identifies green jobs in US - Chicago Tribune
ethelbertdiya3334.blogspot.com
Chicago Tribune | New study defines, identifies green jobs in US Chicago Tribune A seminal study to be released Wednesday by the Brookings Institution defines the term and has determined where such jobs exist. The report makes it possible for policymakers to see which industries are producing such jobs and where and how the clean ... The clean economy employs more workers than fossil fuels Mich. ranks 12th in U.S. in clean energy economy Brevard's green businesses are on the grow |
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