GRASS cutting and floral displays must be
slashed as South Tyneside's ground maintenance programme moves from "a
Rolls Royce to a Ford Focus" standard of service, senior councillors
have agreed.
The borough could be a less colourful place after it was agreed to slice 500,the Injection mold fast!000 from the budget to maintain our green areas.
Cash-strapped
South Tyneside Council ¨C facing 35m worth of cuts over the next year
¨C is to introduce a series of efficiency measures aimed at "getting
more for less".
Proposals include reducing the frequency of
grass cutting, decreasing the height and depth of shrub borders and
hedges ¨C while reviewing "high maintenance tasks" such as spring
bedding and the display of hanging baskets.
Also earmarked in
the value for money savings are borough bowling greens ¨C which will be
subject to reduced maintenance.what are the symptoms of Piles,
Council
bosses have had to identify across-the-board savings, with cuts to
everything from school road safety patrols to luncheon clubs for the
elderly.
About 600 council posts across all departments are
being axed, although it is hoped the job losses will be achieved
through voluntary redundancies.
Last month, the Gazette
revealed how the council had put plastic flowers in hanging baskets
outside South Shields Town Hall as part of a money-saving trial ¨C but
the experiment received a withering response from many of our readers.
Members of the council's decision-making cabinet agreed the
latest cost-saving measures when they met last week.We processes for
both low-risk and high risk merchant account.
In a report to the committee, Coun Jim Perry, the council's lead member for environment and transport,buy landscape oil paintings
online. called for a more "truthful and realistic" approach to the
standard of service the public can expect. He said: "Because of the
budget situation we find ourselves in, members were given a car analogy
that agreed we need to stop thinking of a Rolls Royce service, but
more of a Ford Focus one that is reliable and well maintained.
"We
need to look at simpler, neater and more low maintenance environments,
such as areas that presently have high maintenance features simply
being grassed over.
"In many areas we could simply reduce the frequency of cutting grass.Largest Collection of billabong boardshorts,
"Another example is the creation of wildflower meadows, which are environmentally better and cheaper.
"Local farmers might wild cut for the council.
"High
maintenance and less sustainable tasks need to be looked at closely
with a view to removing these, such as planting of spring bedding and
hanging baskets and the intensive maintenance of bowling greens with low
usage."
The timing of our change in view is primarily
due to the comfort we have that the company's new product line is
coming together in a way that should result in a product by year-end
2011.
We also recommend the stock for a solar segment pairs
trade. We are recommending that investors looking for a pairs trade
within the solar segment take proceeds from higher valued solar stocks
and buy MEMC shares.what are the symptoms of Piles,
We believe that as investors begin to look at this sector as one that is going to get consolidated,Largest Collection of billabong boardshorts, MEMC will become a prime candidate.
The
company has a solid balance sheet and profitability. We project that
MEMC will end 2011 with $1 per share in net cash. The company is
solidly profitable and looks to earn approximately $1 in generally
accepted accounting principle (GAAP) earnings-per-share in 2012.
There is choppy weather ahead, but the company's valuation more than makes up for it.We processes for both low-risk and high risk merchant account. At the current price of $11, take away $1 for cash per share and the stock is selling for 10 times next year's earnings.
Near-term
revenue and earnings may be sloppy but for 10 times earnings one is
buying a 20% grower with a very good new product offering in the
pipeline. We believe it is one of the best values in the solar sector.
The
company's new solar wafer project is coming soon! We are increasingly
confident that MEMC's strategy of producing a new, super-efficient
cost-effective wafer is going to show promise in what we think of as a
commodity market.
We believe that the recent merger activity in
the sector is a testimony to the inherent value of a solar maker who
has a differentiated product.
Up until now,buy landscape oil paintings online.the Injection mold fast! SunPower (SPWRA) (rated at Sell) has held the record for solar cell efficiency. We believe MEMC could challenge it.
We
are raising our target to $16 and raising our rating to Buy from Hold.
We are increasingly confident in the value the company is building and
we believe investors will be rewarded for getting in front of these
new developments.
Our $16 target is based on a discounted cash flow.
Green Mountain Energy Company in Texas is
betting that people are interested enough in solar to pay more for it
than for traditional grid power.
The company launched a solar
leasing program this week that will allow people to buy into a 20-year
lease of solar panels for their residential roofs. The goal is to
provide a lower-cost option, with no upfront investment to people who
are keen on getting green power.
There's just one catch. The solar lease will cost more than grid power.
The
Dallas Morning News reported that an average-size 4-kilowatt array
will cost a customer $100 a month and will produce about 450 kilowatt
hours of electricity. At current rates,what are the symptoms of Piles, that power would cost the customer $45 to $50, according to the newspaper.
So are people really willing to pay double for clean energy?
Jason Sears, senior manager of product strategy and marketing for Green Mountain Energy,buy landscape oil paintings online. said people are.
"The
folks that are interested in solar aren't just interested in saving
money," Sears said. "They're interested because they think solar is the
right thing to do, and they want to do the right thing."
Sears
said the company has several customers who installed panels on their
homes despite a lack of incentives, and they had to pay all the upfront
ownership costs.
He said the company has been looking for a way
to add a solar panel lease option for quite some time because
customers had been asking for it.
"The interest has been great so far,the Injection mold
fast!" Sears said. "We've had a lot of calls and email from people who
want more information and are interested in doing it."
The
program can be tailor-made to suite each individual homeowner in that
they can pay an even amount throughout the lease or arrange to have it
start low and gradually increase,We processes for both low-risk and high risk merchant account. Sears said.
Also,
in the event a homeowner leases an array that produces more power than
the owner uses, Green Mountain Energy buys it back at the same rate
customers pay for power as part of the utility's Renewables Rewards
program.
"We have one of the most generous rewards programs out there," Sears said.
While
the lease program is double the regular price now, Sears said he
believes there is enough momentum behind solar to drive people to the
leases.
"We're really excited about the lease program," he said.Largest Collection of billabong boardshorts, "We really believe it's the most accessible and affordable way for more people to go solar."
SUSIE GHARIB, NIGHTLY BUSINESS REPORT ANCHOR: Stocks bounced back today, thanks to a batch of solid earnings reports from corporate America. But one of Wall Street's biggest names wasn't among them -- Goldman Sachs. The investment bank's first quarter profits were down 21 percent. Goldman earned $1.56 a share. That was a big drop from the $5.59 that it earned a year ago. Still, the results were much stronger than analysts expected. Suzanne Pratt takes a look at some of the speed bumps on the road ahead for Goldman.
SUZANNE PRATT, NIGHTLY BUSINESS REPORT CORRESPONDENT: This is a familiar image when you hear the words Goldman Sachs. That's CEO Lloyd Blankfein on the far left, testifying before Congress early last year about who gets blamed for the financial crisis. Fast forward to today, when Goldman reported its latest quarterly results. The numbers were OK, not stellar, yet the giant investment bank continues to prove it's weathered the financial crisis and recession pretty well. Nevertheless, Goldman is now facing new headwinds, including a tarnished reputation. But Suzanne McGee, author of "Chasing Goldman Sachs," says the bank should be most concerned about its rival, JPMorgan Chase.
SUZANNE MCGEE, AUTHOR, CHASING GOLDMAN SACHS: It's been profiting quietly from all the hullabaloo surrounding Goldman Sachs. And if I were sitting there in Goldman Sachs' executive offices, I be looking over my shoulder fairly constantly and worrying more about what they are doing perhaps than what the public thought of me.
PRATT: And then there's the question of Blankfein and his big, but somewhat scuffed, shoes. Blankfein apparently has no plans to step down just yet, but already on Wall Street, the succession speculation has begun. While there's little agreement on a frontrunner, there is on one point -- the new chief will not be an outsider.
MCGEE: It historically has not done that. It would be almost a violation of their culture at a time when they're trying to go back to their roots, culturally speaking.
PRATT: And, of course, Goldman's stock price is another challenge. So far this year, the shares are down 10 percent, more than its brethren and lagging the overall market. Morningstar analyst Michael Wong does not believe the public's anger toward Goldman is the problem.
MICHAEL WONG, CAPITAL MARKETS ANALYST, MORNINGSTAR: We believe that the company's stock is mainly being affected by the cost of financial reform -- the capital requirements and also some other threats to its business model, such as the Volcker rule.
PRATT: And then, there's still questions about future financial reforms. No one really knows how those changes might affect Goldman's business model or earnings power in years to come. Suzanne Pratt, NIGHTLY BUSINESS REPORT, New York.
Japan's Damage Estimates
SUSIE GHARIB: In Japan, workers started today draining highly radioactive water from the basement of that badly damaged nuclear plant. It's the latest step to stabilize the Fukushima Daiichi plant and prevent more toxic spills into the ocean. Meanwhile, initial damage estimates from Japan's massive earthquake and tsunami are coming in from the insurance industry. Total insured losses range from $12 billion to $34 billion. Now to get more perspective on that, earlier today, Tom Hudson talked with Shivan Subramanian, the CEO of FM Global. It's a commercial property insurance firm. Tom began by asking what the firm's damage estimate is.
SHIVAN SUBRAMANIAM, CEO, FM GLOBAL: Yes, right now, even though we have about $7.3 billion of capital in one of the largest property insurers in the world, I would estimate there are Japanese losses that are going to come under $150 million.
TOM HUDSON, NIGHTLY BUSINESS REPORT CORRESPONDENT: So a bit on the lower side from some of your competitors. What's the biggest source of losses for FMF Global in Japan?
SUBRAMANIAM: In Japan, most of them are earthquake-related, where there is damage to buildings or damage to equipment within the properties. And second, behind that is some water damage because of the tsunami.
HUDSON: Are you able to model any longer lasting damage from the radiation problems, from the damaged nuclear plant?
SUBRAMANIAM: No. It is very hard to do that. And right now, as you know, it's the area that is cordoned off is at least 50 miles in diameter and it is going to take us a while to look at it. The one thing I would say is given from what we know from what's going on, is that, you know, this is a country that is very well-prepared and has done a lot of good things in terms of disaster preparedness and so if there is any country that is going to recover well from this, it is probably Japan.
HUDSON: But address, from the industry's perspective, from insurance, Shivran, how the unknown impact of the continuation of the nuclear situation may impact business not only in Japan but worldwide.
SUBRAMANIAM: Yes. And there are several issues that are not just the nuclear contamination, but it's also the fact that that has led to a substantial reduction in power supply which means that a country that is so finally tuned with this manufacturing processes needs to have power on 24 hours a day, seven days a week, which is how they run their businesses. And they now have rolling black outs. So you combine that within the potential of damage from nuclear contamination, this could become a long- term situation.
HUDSON: Talking about business interruption insurance, is there much of that in Japan and is that impacted by these rolling brownouts that could become more of a fact of life in the next several weeks and months?
SUBRAMANIAM: Absolutely. The one thing that we will not know for at least another I would say 90 to 180 days if not more, is what exactly is the impact of business interruption. Because you can have business interruption many, many different ways. One example that most people don't realize is you can have a supplier, supplying a supplier, who's supplying a supplier and there is a small manufacturer in the Midwest which has a single location in the Midwest United States, who has that chain of suppliers. So it may take them several months before they start to recognize or really feel the impact from that business interruption. This is something that's going to take a while to know what the extent of the damage is going to be.