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October 25, 2014

Man killed after attacking rookie cops with hatchet

Filed under: Uncategorized, online ads — Tags: , , , — Snowman @ 1:36 am

NEW YORK—A hatchet-wielding man who charged at four rookie New York City police officers Thursday as they posed for a photograph on a Queens street was shot and killed after he struck one of the officers in the head and another in the arm, William J. Bratton, the police commissioner, said.

Stray police bullets also struck a 29-year-old woman in the lower back as she walked in the rain about half a block away along a normally crowded commercial stretch of Jamaica Avenue just after 2 p.m.

The man, who was not immediately identified by the police and whose motive for the attack remained unclear, died at the scene. The police recovered a blue-handled, 18-inch hatchet, and Bratton displayed a photograph of the weapon at a news conference at Jamaica Hospital Medical Center on Thursday evening.

“At this point, no known motive for this attack has been established,” Bratton said.

Kenneth Healey, a 25-year-old recent graduate of the Police Academy, was in critical but stable condition after suffering a “very serious injury to the back side of his head,” Bratton said. The officer struck in the arm, Joseph Meeker, 24, was expected to be released.

The bystander who was struck during the chaotic scene was in stable condition after surgery, also at Jamaica Hospital Medical Center, he said.

The burst of violence occurred on the sidewalk in front of a department store where the four uniformed officers were standing on a regularly assigned foot patrol Payday Loan for Bad Credit. A passer-by asked to photograph the officers, Bratton said, and they obliged.

As they did so, standing together, a man in a hooded green rain jacket approached quickly from down the block, pulled a hatchet from his clothes, raised it over his head and, appearing to say nothing, brought it down on the officers with two hands, video released by the police showed.

The man first hit one officer in the arm and, continuing to swing, hit another in the head, Bratton said. A witness to the attack said that blow appeared to be particularly severe. “His head was split open from here to here,” said the witness, Mick Jones, 52, tracing a finger from his forehead to the back of his head. “His hat probably saved his life.”

The two other officers drew their weapons and fired multiple times at the man, killing him, Bratton said.

Standing beside the police commissioner, Mayor Bill de Blasio described the actions of the young officers as “bravery in the face of something absolutely unexpected.” He added, “They responded exactly as their training dictated.”

Bratton said the photographer and the attacker appeared to have no connection. The photographer, he added, has been cooperating with detectives to piece together what occurred, including providing the police with the photos he had taken.

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October 23, 2014

Gauge of US economy posts solid 0.8 percent gain

Filed under: loans, management — Tags: , , , — Snowman @ 10:44 am

WASHINGTON (AP) — A gauge designed to predict the economy’s future health posted a solid increase in September after no gain in the previous month.

The Conference Board says its index of leading indicators rose 0.8 percent last month following a flat reading in August which originally had been reported as a small 0.2 percent gain.

Economists expect that continuing strong gains in employment should boost incomes and help support solid economic growth in the United States in coming quarters despite a weaker outlook overseas payday lenders.

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October 21, 2014

LMI to supply parts for new Gulfstream business jets

Filed under: canada, legal — Tags: , , , — Snowman @ 7:48 pm

LMI Aerospace has received contracts to supply bonded fuselage panels and other parts for the Gulfstream’s new business jets, the G500 and the G600.

The multiyear contracts “are expected to yield significant revenue,” the the St. Charles-based maker of aircraft parts announced Monday.

“LMI has a long and productive history with Gulfstream. We are excited to have another opportunity to work with such a valued customer on this new and innovative program,” said LMI Chief Executive Officer Dan Korte. “This program is a unique fit with our capabilities and level of expertise in the aerostructures market.”

Savannah, Ga.-based Gulfstream Aerospace Corp easy pay day loans., a unit of General Dynamics, formally announced last week these two jets, which can carry up to 19 passengers. The first flight of the G500 is scheduled for 2015, with deliveries in 2018, while the G600’s first flight could come as early as 2017, with expected deliveries in 2019, according to Gulfstream.

To accommodate the new work, LMI will add 60,000 square feet to its Tulsa, Okla., plant, and make capital improvements at Visa, Calif., facility.

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October 20, 2014

Philips posts 3rd quarter loss

Filed under: finance, loans — Tags: , , , — Snowman @ 3:32 am

AMSTERDAM (AP) — Royal Philips NV, the world’s largest lighting maker, has reported a 104 million-euro ($132 million) loss for the third quarter, mostly due to a one-off charge after losing a patent infringement lawsuit against Masimo Corp. of the U.S.

The loss compares with net profit of 282 million euros in the same period a year earlier, but includes the $466 million award a U.S. jury handed to Masimo. Philips is appealing.

Sales dipped 1 percent to 5.55 billion euros, while operating margins — before charges — declined to 9.7 percent from 11.4 percent of sales.

Chief Executive Frans van Houten, who last month issued a profit warning and announced plans to split the company, said Philips is “facing sustained softness in a number of markets,” including China and Russia.

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October 18, 2014

As Toronto dithers, Guelph sets sights on 21st century

Filed under: Uncategorized, mortgage — Tags: , , , — Snowman @ 12:40 pm

There is a city in Ontario that is well on its way to reimagining the role of local government. And it’s not Toronto.

Earlier this year I wrote in this space that the Toronto mayoral candidates were missing the point. I argued that the city is on the cusp of profound changes and needed a mayor with vision and an ability to lead.

The networked age provides new opportunities to reinvent our local infrastructure and institutions.

All the Toronto mayoral candidates ignored the advice. So imagine my surprise when an email from Mayor Karen Farbridge of Guelph arrived, saying that her community is actually working hard to implement the transformations I outlined in the article.

I’ve looked into her claims and have concluded that the city’s elected officials, public servants and 120,000 citizens are well on their way to reimagining the role of local government.

So Toronto mayoral candidates please take note. My vision is achievable. Here is what Guelph is doing in seven key areas I outlined in my original article.

1. Promoting Entrepreneurship to Achieve Prosperity

I argued that when it comes to jobs, entrepreneurship is key, as close to 80 per cent of new jobs come from companies five years old or less, and technology enables little companies to have the capabilities of big companies.

Innovation Guelph is the Guelph region’s central institution for the support of entrepreneurship. Since launching in 2010, it has coached more that 500 companies and helped channel more than $12 million into client companies.

Guelph’s urban planning includes the development of mixed-use residential and business districts, including the Guelph Innovation District. This envisions a large tract of land close to the city’s core being transformed into a vibrant community that will mix residential and business development.

Guelph is collaborating with entrepreneurs and neighbouring communities to create a unique innovation super-cluster corridor, stretching from Toronto through Guelph to Kitchener-Waterloo. The cities of Guelph, Kitchener, Waterloo and the Region of Waterloo partnered with financial and technology sectors to create a business case for provincial and federal investment in all-day, two-way GO commuter rail service. Working together, these communities landed a commitment to increased service and two-way GO train service in the 2014 provincial budget.

2. Open Government

Guelph City Council unanimously approved an ambitious open government plan that had been co-produced from the outset with engaged citizens, local business and community stakeholders. Guelph’s vision for open government is a public service that grows into an “open by default” culture matched by citizens who regularly participate in government decision making.

The city is releasing data sets as public assets and has a vision for including data from community partners, such as businesses, educational institutions and agencies.

Here’s fresh thinking: the orientation manual built traditionally for councillors’ orientation has been turned inside out into an online user guide to local government, so that the public has the same information as new councillors.

The city and University of Guelph are in the early stages of launching a Civic Lab to bring design thinking approaches to address difficult issues affecting local communities.

3.Turning Public Safety Inside Out

Policing is moving into a new paradigm, where police focus on engaging citizens rather than delivering services to them. Already one of the safest cities in Canada, Guelph has launched Guelph Enterprise — a model for innovation in human services. The model asserts that cities do not have a policing problem but a marginalized people problem. To maintain safe communities we need more than just great policing — we need strong health care, education and social services working together.

In a few short months since its inception in May 2014, the group has shown this collaborative approach has tremendous opportunity to free up resources and capacity for stretched service providers.

4.Rethinking Transportation

I saw no evidence that Guelph is preparing for intelligent transportation systems and autonomous vehicle systems that are just around the corner.

However, the city council has made affordable, alternative transportation a priority for Guelph’s growth. Guelph’s cycling master plan has nearly doubled the city’s bike lanes over the past six years and is adding bike lanes as part of all road reconstruction. Guelph now has more than 100 lane-kilometres of bike lanes with another 110 kilometres in varying stages of approval. Guelph residents enjoy an additional 110 kilometres of off-road trails for pedestrians and cyclists.

Transit use is growing. Guelph Central Station was built in downtown Guelph to bring together Guelph Transit, GO trains and buses, VIA Rail and Greyhound buses. Guelph also introduced an affordable bus pass program.

5. Creating a Sustainable City

Amazingly, Guelph is building North America’s first city-wide district energy network.

The Community Energy Initiative is a kind of central heating and cooling system to serve industrial, commercial and residential buildings across the city. The system is designed to draw energy from multiple sources: solar, geothermal, biogas, waste heat and traditional fuels.

Since 2006, Guelph’s population has increased by 10 per cent while greenhouse gas emissions per capita have declined 10 to 15 per cent.

Since 2006, water conservation efforts have reduced average daily water production by 6.1 million litres per day. The average Guelph resident uses 20 per cent less water than the average Ontario resident.

According to Waste Diversion Ontario,Guelph’s innovative organic waste processing plant has led to the highest residential diversion rate of any municipality in Ontario.

The Guelph processing plant was built with additional capacity to be able to receive organic waste from neighbouring municipalities to subsidize the cost paid by Guelph taxpayers for the service.

6. Transforming Social Services

The digital revolution enables cities to better integrate social services, reducing cost and improving value.

Over the years, Guelph social services have decried the “business as usual” siloed approach to delivering public services. Recently, the city formalized this community philosophy with the creation of Guelph Wellbeing. Guelph used the Canadian Index of Wellbeing, developed at the University of Waterloo and rarely used at the city level, to survey residents to assess overall well-being.

The Guelph Wellbeing Leadership Group was formed to champion the initiative and includes 22 community leaders from different sectors, agencies and stakeholders within the city. They agreed to work together using shared performance indicators to tackle tough issues such as of affordable housing, social and physical connectivity, and food security. Instead of duplicating efforts and wasting tax dollars, they are pooling resources inside and outside government to find solutions.

7. Reinventing Local Democracy

Leaders in Guelph, whether at the city or university or in business, social services and community groups, have big ambitions. Events like Hackathons, Health Jams and Change Camps demonstrate a community approach to redefining the relationship between citizens and their local government. If successfully implemented, the open government and Guelph Wellbeing initiatives can go a long way to building trust among community stakeholders, to redefining the role of citizen and government.

Through its work in environmental sustainability, Guelph has demonstrated that cities can innovate. Through its fresh approach to problem-solving and open-government principles, Guelph is challenging the traditional industrial-age approach to local government and democracy. Shared ownership, decentralized decision-making, community engagement have the potential to shift the relationship from “us vs. them” to “we’re in this together.”

I travel the world speaking with and advising government and business leaders. Few communities demonstrate the ambition and discipline of Guelph. And I see no reason why the initiatives in a community of 120,000 can’t be replicated in a city the size of Toronto.

Oh: and to reiterate a final note to Toronto candidates. “Please stop calling me a taxpayer, dammit! I’m a citizen. And I want to live in a 21st century city! Which of you has a vision and plan to get us there?”

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October 17, 2014

Renzi Plan to Shake Up Labor Market Seen Helping Italy Recovery - Bloomberg

Filed under: loans, news — Tags: , , , — Snowman @ 2:44 am

Italian Prime Minister Matteo Renzi

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October 15, 2014

Man arrested, second suspect sought in Scarborough home shooting

Filed under: loans, money — Tags: , , , — Snowman @ 11:48 am

A man has been arrested and a second suspect is sought after shots were fired into a Scarborough home.

Three children, their mother and her friend were inside the Cataraqui Cres. and Warden Ave. area home last Tuesday when several rounds of ammunition from a rifle were fired from the outside. No one was injured.

Bullet holes were found in the front door, windows, interior walls and furniture.

Tevyn Rodney, 20, was arrested Friday and charged with discharging a firearm with intent to endanger life, mischief under $5,000, unauthorized possession of a firearm, and careless use of a firearm.

Police have released a photo of Justin Mohammed, 19, the second suspect in the shooting, in hopes the public will help in locating him no fax pay day loan. He is described as 5-foot-8 with a slim build and long, dark-brown/black hair. He is brown with a light complexion.

Mohammed is believed to be armed and dangerous, and police are advising anyone who sees him not to approach but to call 911 right away.

Police have not disclosed whether they believe this was a targeted attack.

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October 13, 2014

$20 Billion Property Trusts in India Delayed by Tax Rules - Bloomberg

Filed under: business, mortgage — Tags: , , , — Snowman @ 8:52 pm

The Indian government has announced rules for setting up real estate investment trusts, vehicles that may spur $20 billion of property development. None of the money will be spent unless the country

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October 12, 2014

LA-area restaurants adding healthcare surcharge to cover workers

Filed under: marketing, money — Tags: , , , — Snowman @ 12:56 am

LOS ANGELES • Some Los Angeles diners are discovering an unfamiliar new item when the bill comes for the truffled lobster Bolognese and for their crunchy Spanish fried chicken and waffles — a 3 percent surcharge for employees’ medical insurance.

The charge first appeared at one Los Angeles-area restaurant late last year; by early September, more than a dozen mainly high-end eateries followed suit. The added cost has given some diners heartburn and thrust the restaurants’ owners unwillingly into the debate over the Affordable Care Act.

The health care surcharge, the restaurant owners insist, isn’t a political statement, but a way to offer valuable benefits to employees while maintaining their profits, which are slim even at the most successful establishments.

“We want our staff to have health care,” said Josh Loeb, the co-owner of several popular dining spots. “It’s not because we support Obama or don’t support Obama, or are Democrats or are not Democrats.”

The Los Angeles-area restaurants aren’t the first to charge customers to cover health care.

After San Francisco implemented a health care mandate in 2008, many restaurants there adopted a surcharge to cover the cost of health insurance for employees.

Last December, Los Angeles restaurateur Bill Chait made a splash by introducing a 3 percent “Healthy LA” charge at his French restaurant Republique.

Loeb said he was inspired by the Northern California pioneers and emailed a group of “like-minded” restaurant owners this year to see whether they could plan a course of action together. The owners he reached out to, Loeb said, all run high-quality spots with many of the same clientele.

Many of the restaurant owners said they had been mulling over providing health insurance for years. They took the plunge after watching the Affordable Care Act pass and seeing other businesses find ways to offer health care for their employees.

“We decided it would be a good thing to do it as a group,” said Josiah Citrin, the chef-owner of Melisse in Santa Monica. “Usually when lots of people do things, it’s easier to make change.”

Citrin joined in even though Melisse doesn’t have enough workers to fall under the employer mandate that starts in 2016. That provision of the act requires businesses with more than 50 full-time workers to provide health insurance. The coverage will be a particular boon to longtime employees who are getting older, he said.

Younger restaurant workers such as Sarah Huxhold are also cheering the surcharge.

Huxhold, 31, a server at Milo & Olive in Santa Monica, said she lost her insurance through work last year after quitting to pursue a career in music. While out of work, her mother helped her buy coverage for about $500 a month, but Huxhold decided it was too expensive and dropped the plan in December.

Since then, she said she has tried unsuccessfully to get insurance through Medi-Cal. She’s been forced to scour Groupon for a deal on eye exams and pinned her glasses together to avoid getting a new pair.

Now that she will have insurance, she plans to get an annual physical and visit the dentist and optometrist. “I’m really excited about having insurance again,” Huxhold said. “There is no way I can pay for those things out of pocket.”

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October 10, 2014

German downturn casts shadow over world economy

Filed under: canada, term — Tags: , , , — Snowman @ 1:44 pm

FRANKFURT, Germany (AP) — As if the global economy didn’t have enough troubles, it looks like Germany, Europe’s traditional growth engine, risks falling into recession — or growth so weak it holds back the entire euro currency union’s weak recovery.

Europe’s largest economy has seen a run of lousy numbers for factory orders, industrial production, exports and business confidence. All that’s bad news because exporting industrial goods such as machines and cars is the heart of Germany’s globally linked economy.

And if Germany isn’t selling goods, it suggests other parts of the world’s economy are not strong enough to keep buying them.

Global stock markets tumbled this week, in part due to the German figures, with the U.S. logging its worst day of the year on Thursday. Germany’s DAX blue chip index was down a painful 2 percent on Friday.

But are things in Germany all that bad? Economists are debating whether it’s really time to use the R-word and predict a shallow recession. That would be another quarter of negative output in the third quarter, which ended Sept. 30, following shrinkage of 0.2 percent in the second quarter.

Here are the key issues.

AS GERMANY GOES: So does Europe, in many ways. Strong business activity in Germany has made the overall growth figure for the 18 countries that use the euro look a lot better in the past few years. And Europe showed zero growth in the second quarter. Germany is 28 percent of European GDP. And the value chain for companies in other countries often runs through Germany. Suppliers in Italy or France, for example, sell chemicals, coatings or parts to a Germany company that assembles the final factory machine or car.

GLOBALLY SPEAKING: A renewed slump, or long-term stagnation in Europe is a risk for the global economy as a whole. That’s one reason why International Monetary Fund chief Christine Lagarde keeps urging more stimulus for the region. The European Union, of which Germany is the biggest economy, is the world’s largest economy and trading bloc. It’s a key export market for many firms in the U.S., and a source of investment capital, big-ticket goods and technology for China. In particular, U.S. auto firms such as Ford Motor Co. and General Motors, through its Opel subsidiary, have struggled through a long slump in consumer demand for cars in Europe.

STIMULUS NEEDED: Things in Europe are so worrisome that the European Central Bank is launching more stimulus measures. It cut its interest rate to near zero and is preparing to purchase bundles of bank loans to encourage more lending. Yet even bank President Mario Draghi has warned that the stimulus will not be effective unless several eurozone governments act to make their economies more business-friendly fast payday loan no faxing. France and Italy are often mentioned as countries that could make labor rules more flexible to encourage hiring and investment. But progress is slow.

THE PUTIN EFFECT: Germany makes what economists call investment goods — big-ticket items like printing presses, heavy trucks, or industrial lasers that companies use to make other goods. Uncertainty makes businesses and consumers hesitate, because they can always put off such purchases until things look a little clearer. That’s the effect of the conflict between Russia and Ukraine, which has resulted in the EU and the U.S. imposing economic sanctions on Moscow. Business in the Middle East has also been dented by military conflict in Syria and Iraq.

IN THE BLACK: Some say Germany can help right its economy by spending more. It has good public finances, after all. But Chancellor Angela Merkel’s government has focused on balancing the budget, even as her governing partners, the Social Democrats, have called for more investment spending to fix roads and bridges. Germany can borrow money for essentially zero interest on bond markets; even its longer 10-year bonds yield an astonishingly low 0.91 percent annually, compared with 2.31 percent for U.S. 10-year Treasuries.

But Finance Minister Wolfgang Schaeuble has made it clear the government’s in no mood to increase borrowing.

DON’T PANIC: Andreas Rees, chief Germany economist at Unicredit, says he’s “not in the doomsday camp” predicting a recession. He points out that the German economy has several “airbags” to cushion the bumps and help growth resume. Those include low unemployment of only 4.9 percent, which supports consumer demand from Germany’s large domestic market. A weaker euro — which has dropped to $1.26 from $1.39 in May — should help exporters in coming months. And growth in the U.S. economy should provide more demand for German exports.

In particular, Rees points to a calendar effect that made the latest figures industrial production and exports look particularly bad. Summer vacations were bunched up in August, shutting auto plants at the same time.

LOOKING FORWARD: Rees says the next reading of the Ifo institute’s business confidence survey — a closely watched indicator of where the economy may be going in the months ahead — will be a key indicator of how things are developing. It’s out Oct. 27.

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