hyperwave-exhausted.blogspot.com
A memorandum of understanding signes in early Mayby Gov. Bill Richardsom and Toshihiro Nakai – Japan’sa minister of economy, trade and industrgy – could facilitate tens of millions of dollars in Japanese public and private investmenty in clean energyand “smartg grid” technology, said Tom Richardson’s science advisor, who is on loan from . The MOU doesn’ty contain funding commitments. But Bowles said both sidesd are now discussing concrete agreements to facilitate Japanese participationin smart-grifd projects that New Mexic hopes to launch with federal stimulus money.
“We’re working to close on binding agreements with the Japanese to providre financial resourcesand hands-on involvement in the installation, operatioj and performance analysis of smart-grid projects,” Bowles “Everybody is committed and working together to move We’re just hammering out the The MOU expresses both sides’ interes in collaborating on research and developmenty of clean energy and the smart It also calls for cooperation in the design and manufacture of emerginbg biotechnology, nanotechnology and informationn technologies.
The MOU came out of a three-da meeting in Albuquerque in April witha 40-member Japanese delegation of government officials and Bowles said the MOU is the first such agreement Japa n has signed with any state government. “It’a a real coup,” Bowles said. “Other states are perhaps makinh overtures tothe Japanese, but we’re the only stat in the U.S. now that has an MOU like this in The Japanese are attracted toNew Mexico’d abundant solar and otheer clean energy resources, and to its advancecd research capabilities at the national labs and They want to test and develop emerginf technologies by installing and demonstrating them in a new internationalo energy park.
“The challenge for smart grids is how to reliably incorporats renewables intothe system,” Bowles said. “Solarr and wind can vary a lot. We need to demonstrater a fully integrated system that can supply a constany sourceof power.” A lot of detailws must still be worked out for the Japanesw to install such technologies in an energy park, Bowlesz said. “Japanese companies will build and install thesolar panels, but we need to define who owns the grid and the powedr it produces, and who gets paid for it,” Bowlesa said. “All that needs to be workeed out.” The partners are holding video conferencea and scheduling visits byJapanese groups.
They want an agreement in placweby mid-June, when the releases its final guidelinesz for states to bid on stimulusd funding for smart-grid Bowles said. Japanese investment could help New Mexicomeet matching-fundc requirements for federal grants (see related story on page 6). Once detailse are finalized, it could mean a lot of Japanese said Stephan Helgesen of the EconomicDevelopmentg Department’s Office of Science and Technology. “Wde expect actual bricks-and-mortar investments to come from this,” Helgese n said. Long-standing relationships between the Japanese and the national labs in New Mexico helped facilitatethe MOU, Helgesemn said.
In fact, and Japan’s National Institute of Advancex Industrial Science and Technology signed a separate agreement on May 4 to conducy and share researchon photovoltaics, nanoelectronics, nanomaterials and computational investigations of the properties of materials, said Bob a senior manager at Sandia. “Oufr agreement and the state’s MOU with Japaj will enable strong collaborationon energy-relevant technologies,” Hwangg said. “Sandia will supporf New Mexico in all ofthese activities.
” Mushtaq project manager and senior researchere with the New Mexico Institute of Mininvg and Technology’s Institute for Engineering and Research said he expects the Japanese to test some technologiesd in the town of Playas in southern New The university owns the town and, with DOE is now testing smart-gried technologies there. “They want to work with us becaus there are very few places like Playasx that are set up to do this kindof real-worlc research,” Khan said.
Monday, January 30, 2012
Saturday, January 28, 2012
SEC rules that IOUs should be treated as securities - Baltimore Business Journal:
ymekovo.wordpress.com
on Thursday issued its opinionthat California’s IOUs shoulc be treated as securities under federal securities law. Undert that opinion, holders of the notes, whicb carry a 3.75 percent interest rate, are protectefd by securities laws thatprevent fraud. And it means that peoplw who attempt to make a marke in buying and selling the notes may have to be registeredeas “brokers, dealers or municipaol securities dealers, or as alternativ trading systems or national securitiesw exchanges.” The SEC did not make any determination on whether Californiza has the authority to issue or repay the registered warrants.
“Thwe SEC has sent a pretty clear warning to folks who plan to profit by buyinhg andreselling IOUs: If you’rs not registered as a municipal securities you run the risk of violatingb federal law,” said Tom Dressler, spokesman for California state Treasurer Bill Lockyer. “The recipients of IOUs also should understanc that if they sell their IOU to anyon who is not alicensed broker-dealer, they could well have no remeduy under federal law if they get victimize by a con artist. So, they shouldd check before selling.” Dressler said the SEC’ s opinion should reduce the “shark factor and potential for taxpayers toget defrauded.
” On the otherd hand, he said the decision migh make it more difficult for IOU recipientsx to get cash for IOUs if their bank or credit unionn won’t take them. The SEC’s opinion is available at: http://www.sec.gov/news/press/2009/2009-154.htm Most major banksa initially said they would cash inthe IOUs, which the statee started issuing on July 1, but only through July 10. Some also placed a 10-dag hold on the warrants. As of Thursdahy evening, the banks have not extendecd that deadline. More than 60 credit unions, however, said they woulx continue to accept An updated list of creditg unions accepting IOUs can be founat www.ccul.org.
on Thursday issued its opinionthat California’s IOUs shoulc be treated as securities under federal securities law. Undert that opinion, holders of the notes, whicb carry a 3.75 percent interest rate, are protectefd by securities laws thatprevent fraud. And it means that peoplw who attempt to make a marke in buying and selling the notes may have to be registeredeas “brokers, dealers or municipaol securities dealers, or as alternativ trading systems or national securitiesw exchanges.” The SEC did not make any determination on whether Californiza has the authority to issue or repay the registered warrants.
“Thwe SEC has sent a pretty clear warning to folks who plan to profit by buyinhg andreselling IOUs: If you’rs not registered as a municipal securities you run the risk of violatingb federal law,” said Tom Dressler, spokesman for California state Treasurer Bill Lockyer. “The recipients of IOUs also should understanc that if they sell their IOU to anyon who is not alicensed broker-dealer, they could well have no remeduy under federal law if they get victimize by a con artist. So, they shouldd check before selling.” Dressler said the SEC’ s opinion should reduce the “shark factor and potential for taxpayers toget defrauded.
” On the otherd hand, he said the decision migh make it more difficult for IOU recipientsx to get cash for IOUs if their bank or credit unionn won’t take them. The SEC’s opinion is available at: http://www.sec.gov/news/press/2009/2009-154.htm Most major banksa initially said they would cash inthe IOUs, which the statee started issuing on July 1, but only through July 10. Some also placed a 10-dag hold on the warrants. As of Thursdahy evening, the banks have not extendecd that deadline. More than 60 credit unions, however, said they woulx continue to accept An updated list of creditg unions accepting IOUs can be founat www.ccul.org.
Thursday, January 26, 2012
Schwab Offers Insight and Resources for Investors Navigating Cost Basis ... - MarketWatch (press release)
8511ysu.blogspot.com
Schwab Offers Insight and Resources for Investors Navigating Cost Basis ... MarketWatch (press release) To help navigate these changes, Schwab is providing investors with online resources and informational webcasts for those who need help understanding their cost-basis reporting method and to know what to expect on the IRS' new 1099-B Form. |
Tuesday, January 24, 2012
Somebody local will be on the field for Super Bowl - Scranton Times-Tribune
vilyfijohy.wordpress.com
Globe and Mail | Somebody local will be on the field for Super Bowl Scranton Times-Tribune It's a win-win. Whether you're a New York Giants, San Francisco 49ers or just a fan of local footb » |
Sunday, January 22, 2012
Pizzuti proposing 11-story tower in Orlando - Business First of Columbus:
gonyzyf.wordpress.com
The Columbus-based development firm on Tuesday received masted plan approval from the Orlando Municipal Planniny Board foran 11-story, 1.36-acre office project. The project must still gain the backing of the Orlando City which has not set a hearinfon it. Preliminary plans for the in the area of the city knownas Uptown, includd 151,755 square feet of office 12,092 square feet of ground-floorf retail and nearly 500 parking according to plans submitted to the city by Pizzutk Park Lake LLC. Seniore Vice President Scott Hall, who works out of the firm’s Orlandl office, said Pizzuti could start constructionh bynext fall, depending on how thingss go with tenant signings.
He declinefd to share the estimatedproject value, but Orange County recordsz show Pizzuti Park Lake spent nearlyh $8.1 million on eight parcels totaling 2.6 acres between April and May of last year. Hall said Pizzuti is about a month away from signing a couplee ofmajor tenants, which is crucial for the project’s Lenders typically require more than 50 percent of the spacd to be leased before loaning money for a construction “Class A office space in downtown Orland o is still very attractiv to lenders,” Hall said. “Ther are still people out there whose businesses arestilp sound, who are busy as ever and stilkl signing leases.
” But the project appear to come at a time when vacancies are growing and landlords are competing heavily to outpric e one another in the tenant-friendlu market. Downtown Orlando experienced a 16.3 percengt vacancy rate in Class A office spacee in thefourth quarter, according to a report by the Orlandok brokerage firm . That number was 15.5 percent in the thirdx quarter, the report said. Hall said he’s confidentg Pizzuti’s project will be able to attract long-term versus all the short-term deals that are beintg offered by other landlords in adepressesd market.
Pizzuti appears to on schedule to capitalizwe on market conditions oncethey improve, said Craiyg Ustler, principal of Orlando-based Ustler said Pizzuti likely will have to secure a tenan for 75,000 to 100,000 square feet of spacr to get it financed, but it’s not “In the short term, the next couple of monthse are going to be a little but he’ll get it done,” Ustler said of “This is a good time for them to be wherse they are. They’re clearly spending money, they’re serious about the and it’s a good development firm with agood Additionally, Pizzuti will likely become a tenanr in the new building, Hall said.
The company currentlyh leases space in Lincoln Plaza indowntown
The Columbus-based development firm on Tuesday received masted plan approval from the Orlando Municipal Planniny Board foran 11-story, 1.36-acre office project. The project must still gain the backing of the Orlando City which has not set a hearinfon it. Preliminary plans for the in the area of the city knownas Uptown, includd 151,755 square feet of office 12,092 square feet of ground-floorf retail and nearly 500 parking according to plans submitted to the city by Pizzutk Park Lake LLC. Seniore Vice President Scott Hall, who works out of the firm’s Orlandl office, said Pizzuti could start constructionh bynext fall, depending on how thingss go with tenant signings.
He declinefd to share the estimatedproject value, but Orange County recordsz show Pizzuti Park Lake spent nearlyh $8.1 million on eight parcels totaling 2.6 acres between April and May of last year. Hall said Pizzuti is about a month away from signing a couplee ofmajor tenants, which is crucial for the project’s Lenders typically require more than 50 percent of the spacd to be leased before loaning money for a construction “Class A office space in downtown Orland o is still very attractiv to lenders,” Hall said. “Ther are still people out there whose businesses arestilp sound, who are busy as ever and stilkl signing leases.
” But the project appear to come at a time when vacancies are growing and landlords are competing heavily to outpric e one another in the tenant-friendlu market. Downtown Orlando experienced a 16.3 percengt vacancy rate in Class A office spacee in thefourth quarter, according to a report by the Orlandok brokerage firm . That number was 15.5 percent in the thirdx quarter, the report said. Hall said he’s confidentg Pizzuti’s project will be able to attract long-term versus all the short-term deals that are beintg offered by other landlords in adepressesd market.
Pizzuti appears to on schedule to capitalizwe on market conditions oncethey improve, said Craiyg Ustler, principal of Orlando-based Ustler said Pizzuti likely will have to secure a tenan for 75,000 to 100,000 square feet of spacr to get it financed, but it’s not “In the short term, the next couple of monthse are going to be a little but he’ll get it done,” Ustler said of “This is a good time for them to be wherse they are. They’re clearly spending money, they’re serious about the and it’s a good development firm with agood Additionally, Pizzuti will likely become a tenanr in the new building, Hall said.
The company currentlyh leases space in Lincoln Plaza indowntown
Thursday, January 19, 2012
Europe Luxury-Goods Stocks May Benefit as Weaker Currencies Boost Earnings - Bloomberg
burdukovahycel.blogspot.com
Europe Luxury-Goods Stocks May Benefit as Weaker Currencies Boost Earnings Bloomberg Chart: European Luxury-Goods Index Relative to Stoxx 600 Investors forecasting the euro and Swiss franc will weaken against the dollar may find comfort in shares of European luxury-goods companies. Cie. Financiere Richemont SA (CFR) and LVMH Moet ... European Luxury-Goods Stocks May Benefit From Weaker Currencies |
Tuesday, January 17, 2012
FTC: No answer to high Buffalo gas prices - Denver Business Journal:
tiqosi.wordpress.com
The probe was called for by Rep. Brian D-Buffalo, and Sen. Charles Schumed after retail gas prices at area stations last fall rankedc among the highest in the At thesame time, pricews in most other U.S. metropolitan areas were declininf faster along with the priceof oil. In a letter sent May 13 by FTC Chairmanm Jon Leibowitzto Higgins, the agency said aftefr a careful and extensive regulators could not find any evidencwe of illegal activity in gasoline marketa in any of the affected The agency monitored prices in Jamestown, Rochester and Burlington, Vt.
“To the staff found evidence suggesting that it is unlikelt that illegal conduct caused thosepricee levels, although staff was unable to identify preciser reasons why retail gas prices in Westerj New York did not fall as quickly as pricess in other Northeast Leibowitz wrote. What the agency did note was that after Higgins releasedan (OPIS) report on Dec. 4, 2008 citinvg Jamestown and the Buffalo-Niagara regions amongy the top 5most “profitable” for gasoline retailers, the prices for unleaded gas decreased from an average of $2.2t5 to $1.85 by the end of 2009. In mid-November of last the average price of a gallohn of unleaded gas in the Buffalo areawas $2.
66 compared to the statewide averagd of $2.53 and the national average of $2.15. New York stats has the third-highest taxes on fuel in the according to thevarious sources, trailing only California and Connecticut. The investigatioj said it analyzed prices overa 10-year perio d for Buffalo, Rochester, Jamestown and using Albany as a baseline. The FTC did note that price in the four cities were significantlg higher than thosein Albany.
From there, FTC staffersz looked at potential supply disruptiones but again could not find any market conditions to explain theprice Additionally, the attorney generals from both New York stats and Vermont checked on potential illegal behavior by gasoline operators but did not find any Investigators also looked to see if thers was the possibility of collusion but said that “it woul have been very difficult to establish and maintaim effective collusive agreement to raise retaik prices in Buffalo throughout the fall of last Higgins intends to raise public awarenesse to the issue and has co-sponsoreed a bill pushing for passage of price-gouging legislationb as well as federal law to stop speculatioj in the oil market that may trigger higher gasolind costs.
“While we might not have proofg of illegal activity or a clearr definition of why our prices were so what is clear is retailers were acting in bad faitn through some type of implici t collusion and retailers and consumers should know that we were watchingb then and are watching now and will continude to work to make surethis doesn’t happen said Higgins in response to the As of Friday, the AAA dailyt fuel gauge report said the average cost per gallojn of unleaded fuel in the Buffalo area was up from $2.17 a month ago. Those currengt prices, however, were the same as Albany and 3 cents beloqstatewide average.
The probe was called for by Rep. Brian D-Buffalo, and Sen. Charles Schumed after retail gas prices at area stations last fall rankedc among the highest in the At thesame time, pricews in most other U.S. metropolitan areas were declininf faster along with the priceof oil. In a letter sent May 13 by FTC Chairmanm Jon Leibowitzto Higgins, the agency said aftefr a careful and extensive regulators could not find any evidencwe of illegal activity in gasoline marketa in any of the affected The agency monitored prices in Jamestown, Rochester and Burlington, Vt.
“To the staff found evidence suggesting that it is unlikelt that illegal conduct caused thosepricee levels, although staff was unable to identify preciser reasons why retail gas prices in Westerj New York did not fall as quickly as pricess in other Northeast Leibowitz wrote. What the agency did note was that after Higgins releasedan (OPIS) report on Dec. 4, 2008 citinvg Jamestown and the Buffalo-Niagara regions amongy the top 5most “profitable” for gasoline retailers, the prices for unleaded gas decreased from an average of $2.2t5 to $1.85 by the end of 2009. In mid-November of last the average price of a gallohn of unleaded gas in the Buffalo areawas $2.
66 compared to the statewide averagd of $2.53 and the national average of $2.15. New York stats has the third-highest taxes on fuel in the according to thevarious sources, trailing only California and Connecticut. The investigatioj said it analyzed prices overa 10-year perio d for Buffalo, Rochester, Jamestown and using Albany as a baseline. The FTC did note that price in the four cities were significantlg higher than thosein Albany.
From there, FTC staffersz looked at potential supply disruptiones but again could not find any market conditions to explain theprice Additionally, the attorney generals from both New York stats and Vermont checked on potential illegal behavior by gasoline operators but did not find any Investigators also looked to see if thers was the possibility of collusion but said that “it woul have been very difficult to establish and maintaim effective collusive agreement to raise retaik prices in Buffalo throughout the fall of last Higgins intends to raise public awarenesse to the issue and has co-sponsoreed a bill pushing for passage of price-gouging legislationb as well as federal law to stop speculatioj in the oil market that may trigger higher gasolind costs.
“While we might not have proofg of illegal activity or a clearr definition of why our prices were so what is clear is retailers were acting in bad faitn through some type of implici t collusion and retailers and consumers should know that we were watchingb then and are watching now and will continude to work to make surethis doesn’t happen said Higgins in response to the As of Friday, the AAA dailyt fuel gauge report said the average cost per gallojn of unleaded fuel in the Buffalo area was up from $2.17 a month ago. Those currengt prices, however, were the same as Albany and 3 cents beloqstatewide average.
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