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  • Joliet wants to dump higher levels of radium on farmland

    Joliet is pushing the Illinois Environmental Protection Agency to more than double the concentration of cancer-causing radium it’s allowed to dump onto farmland in the south suburbs, expanding the potential for deadly radon gas in these increasingly urban communities.

    Radium is a naturally occurring radioactive element abundant in deep-water wells in northern Illinois and throughout the Midwest. Cities such as Joliet that rely on these deep wells spend millions of dollars each year to remove radium from their drinking water. Some communities pay to dump radium in a landfill, but Joliet and others use a cheaper alternative, mixing it with waste material that is sold to farmers as fertilizer.

    About 21,000 tons of Joliet’s radium-enriched fertilizer has been dumped on area farms since 2005 The city is petitioning the state EPA to allow it to dispose of more than twice the level of radium that’s currently allowed. If granted, it would be 10 times higher than what was considered safe just five years ago — rekindling concerns about the long-term exposure of concentrated radium on the soil.

    “If they’re going to give an exception of this magnitude, we need to know what the science says. And we don’t have all those answers yet,” said Brian Anderson, director of the Illinois Natural History Survey at the University of Illinois. “It’s time to go out and do a scientifically designed study and really find out what’s happening to the environment.”

    Dumping radium onto farmland is not believed to harm people, crops or wildlife, but some federal reports in recent years have raised questions about reintroducing radium into an urban environment. Of particular concern is when farmland is paved over to build homes and subdivisions, which happened throughout Chicago’s suburbs during the housing boom of the last decade.

    As radium breaks down, it forms radon, an odorless gas that can become trapped inside homes and has been linked to cancer. So while some state officials say the radium in the fertilizer may not be harmful, especially in small quantities, others worry about the lingering effects of producing so much radon gas.

    “My concern has always been that if it turns out there is a problem (with disposing radium), who’s left holding the bag?” Anderson asked. “Is it the poor farmer who thought that what he was receiving was beneficial to the land?”

    Complicating the radium debate is that the two state agencies charged with policing it — the EPA and the Illinois Emergency Management Agency — don’t see eye to eye on the issue. In 1984, the former Illinois Department of Nuclear Safety (which later became a part of IEMA) decided that communities could not dispose of radium with radiation levels higher than 0.1 picocuries per gram on soil. Concentrations higher than that were thought to be unsafe.

    But the EPA didn’t follow that instruction, and for 21 years after that agreement, it issued disposal permits to Joliet and two dozen other communities without enforcing that 0.1 standard. In fact, between 1984 and 2005, nobody can say how much radium was spread out over corn and soybean fields in Illinois because the EPA did not require communities to test for it.

    It wasn’t until the federal government tightened drinking water standards in 2003 that the state EPA revisited the radium debate and, two years later, began to finally issue permits with the 0.1 standard, said Jeff Hutton, an environmental protection specialist with the Illinois EPA.

    “(The EPA) had let it ride because we weren’t sure we were the ones to deal with this, and we weren’t certain it was a severe problem,” Hutton said. “The (EPA’s) position is that IEMA determines what the (safe) number should be. We’re not the experts on radiation — IEMA is.”

    While Joliet officials and others argue that IEMA has been far too conservative in determining how much radium poses a threat, agency officials warn the widespread risks are still high.

    “We don’t know how big a deal this is, but obviously this is something we’re very concerned about,” said Mike Klebe, an environmental specialist with IEMA. “Even if your home wasn’t built on soil (containing radium), that topsoil could have been used for backfill, or left in backyards, or used in parks, on ball fields, as potting soil.

    “Once you start converting that land from farming to residential or commercial, nobody can say where that soil will end up.”

    In 2007, the state increased the concentration of radium Joliet could dispose of on soil by 300 percent, boosting it from 0.1 to 0.4 picocuries per gram. Joliet is now seeking a threshold of 1.0 picocuries per gram — a 900 percent increase over the old “safe” limit. While some states, including Wisconsin and Colorado, set limits at 1.0 or higher, they impose stricter monitoring standards than Illinois. IEMA and the EPA argued this point when they rejected Joliet’s first proposal, a decision backed up in May by the independent Illinois Pollution Control Board.

    But Joliet hasn’t backed down. On Dec. 3, it submitted a new proposal to the EPA, arguing that the existing state models for determining the radium threat are flawed. The agency is expected to respond by the end of February.

    “We’re taking on this fight, not just for our purpose, but for the whole industry,” said James Eggen, Joliet’s director of public utilities. “The way these agencies work, they set the (radium) limit without having the science behind it. So we went out and did our own testing.”

    Eggen said Joliet began removing radium from its drinking water in the 1980s but that the program expanded in 2007 after the construction of a large drinking-water treatment plant. The plant uses a chemical, hydrous manganese oxide, to bind with radium and other heavy metals. Radium is then filtered out, and the water goes through additional filtering before arriving in homes.

    The radium is combined with municipal sludge containing human waste and other nutrients from Joliet’s wastewater treatment plants. This liquid sludge, containing about 5 percent solids, is shipped to suburban farms, where it is injected into the soil.

    Joliet, Channahon, Bartlett and Batavia are among the roughly two dozen communities in Chicago’s suburbs that remove radium from drinking water and convert it to fertilizer or ship it to landfills. Radium levels in these deep-water wells vary, but in Joliet the levels are almost four times higher than U.S. safe drinking water standards, Eggen said.

    That has put officials in Illinois’ fourth-largest city under pressure to remove the element to ensure safe drinking water. The current radium removal and disposal process to 18 local farms — spread across Will, Grundy and Kendall counties — costs the city about $10 million a year, Eggen said. But if the EPA does not allow Joliet to increase its radium output, the only alternative is to dump the radium-enriched fertilizer at a local landfill, at a cost of more than $48 million annually, he said.

    That’s too steep a price for a community already mired in a budget mess, Eggen said, and gives plenty of incentive to continue the effort.

    “We’ve looked at the long-term exposure risks, and we just don’t see a problem,” Eggen said. “The question of how much Joliet or any municipality should have to spend to dispose of (radium) should also be weighed against the public risks.”

    Joel Hood

    Read the original article from Tribune News Services.


  • Do you think the population of northern England should just ‘move south’?

    I have a hard time articulating this question in the topic title, let me explain:

    Q:

    Do you believe that a long-standing city-sized communities, can (or indeed should) be shifted by either market or legislative power, to another part of the country, for their own good – or do you believe that city-sized communities are anchored to their location, and should be improved where they are?

    My question carries a bit of baggage:

    In China, tens of millions of villagers have migrated to large cities, to reap a middle class lifestyle (so we are told, there is some evidence to suggest at least some return to their villages with salary in hand), leading some western economists to argue that this is a healthy process, and western countries should, and must, follow suit.

    Some people believe the north of England must ‘move south’.

    But the other school of thought in the world, which I must say is the one followed by most historians I read, and many developing world oriented economists, is that communities must be improved where they are – we are long past the era in which settlements were so small that they could simply be depopulated by demographic diffusion (and when that did happen, it tended to create problems) – the problems of the area must be tackled where they are, in order that residents become more affluent.

    Some people in the UK who make policy or vote for it, seem to think that the north of England, population 40 million, is too spread out, or too unpopulated, to be economically sustainable. Many in Europe I think would find this laughable, since it contains some of the largest urban areas within the ‘Blue Banana‘, and the cities have aging imperial assets that developing world countries would die to get. Many of the thinkers I read would contend that this notion is childish hogwash – half of a large European country, rooted by time, cannot simply migrate, their cities must be provided with infrastructure, connectivity, local political power, etc.

    Northern England is by no means poor in international terms (although it is doing badly in western European terms, which is what matters), but to draw a comparison with developing world economics – the ‘migrate to Shanghai’ policy was leading to starvation, food price inflation, suicide, and land abuses in South Asia – on the other hand, micro-finance, micro infrastructure investment, etc, in settlements as small as villages, has done more to expand the South Asian middle class in problem states, than moving to cities, and it has done so without uprooting communities.

    For all India and China’s urbanisation, it hasn’t put much of a dent in rural monstrosities like Uttar Pradesh – they can only be improved in situ. Northern England on the other hand has a fairly ready-made urban population, waiting to be turned into European powerhouses.

  • Consequences of Irresponsible Spending

    Consequences of Irresponsible Spending
    Richard Rahn, Washington Times
    PoliticsDems vow to press ahead on health carePoliticsBrown defeats Coakley in Mass. Senate raceWorldChina removed as top priority for spiesPoliticsTough reviews for Obama's first yearPoliticsObama takes populist tack to buttress DemocratsWorldFrance likely to sell warship to MoscowWorldIran rejects plan to ship uranium abroadWednesday, January 20, 2010Rate this storyAverage 5.00after 1 votes Login or register to rate this storyBy Richard W. Rahn “So what?” is the implicit expression of much of the Washington political class when it comes to spending and taxing. The…

    Democrats Lost the Health Care Debate
    David Harsanyi, Denver Post
    Generally speaking, would you favor smaller government with fewer services or larger government with more services?Fifty-eight percent of those polled by The Washington Post recently claimed they preferred smaller government with fewer services, with only 38 percent favoring a larger government with more services (and, yes, it is a terrific struggle not to place ironic quotations marks around the word “services”). Receive news alertsThis is the highest number for the “smaller government” category since 2002. And a full year into President Barack Obama's term, most…

    Win Sends Shock Waves Through Blue-State Races
    Kyle Trygstad, RCP
    Just two people — John F. Kennedy and Edward M. Kennedy — had been elected in the last 58 years to the Massachusetts Senate seat Republican Scott Brown won yesterday. The seat's legacy and Democrats' dominance in the state were no match, however, for the lethal mix of Brown's message and a poorly run campaign by Democrat Martha Coakley, as well as a shifting public mood.The upset, which political analyst Stuart Rothenberg called the biggest of his adult life, follows Republican wins in the New Jersey and Virginia governor's races last year — all three states voted…

  • Android Nuvifone From Garmin-ASUS To Be Revealed Next Month, Possibly WinMo Handsets Too [Phones]

    A year ago, the satnav people at Garmin made an alliance with Asustek, the computer people. A while later, the G60 and M20 went on sale. In October, we branded the G60 with a ‘DO NOT BUY’ review tag.

    So why do I think Benson Lin’s (the president of Asustek’s mobile division) boasts of a new Garmin-Asustek phone are worth mentioning? Well, the fact that it’s running on Android has something to do with it. There have been murmurings about an Android device for some time now, but with Lin claiming we’ll be seeing it at Mobile World Congress next month, it’s sounding a lot more realistic.

    The Nuvifone range of phones (all two of them, so far) made by the two companies haven’t exactly fared well in tests. In our own review, we moaned about the resistive touchscreen, lack of homescreen button, faulty accelerometer, poor browser, shitty camera and strange interface, and that wasn’t even half of it.

    A phone running Android would certainly help clear up some of those problems, but obviously hardware will still be an issue if Garmin and Asus can’t see fit to put a homescreen button on the device.

    In addition to the Android phone, Asustek’s going to reveal a Windows Mobile 6.5.3 phone called the M10 at Mobile World Congress. It’ll have a 3.5-inch WVGA resistive touchscreen, 5.0-megapixel camera, run on a Qualcomm 7224 600MHz processor and surprise surprise, will also have GPS. The M10 will go on sale in Taiwan in just a few weeks time, for the equivalent of about $435.

    Lin is already talking sales figures, despite this mysterious Android phone not being shown off yet—they’re hoping to ship one million Android and Windows Mobile devices, with as many as five models expected to launch this year. There goes our notion that this relationship would just be a passing fad. [Digitimes]






  • Public Transportation or Car???

    In many of American cities, it is just more viable to take public transport with gridlock traffic consuming the cities. But even if you don’t live in the city, public transportation may be a great choice, not only to help the environment but to also save yourself a considerable amount of money. Not only would we not have to pay for the the car itself, the gas that powers our cars to get us from home to work and back again, but you may also avoid tolls and car maintenance bills. We can also avoid the monthly car insurance bill as well and when the average cost of a car insurance premium in 2009 was $1,800, that breaks down to be $150 a month. That is $150 we can save or even use to buy something more important.

    It was reported by the American Public Transportation  Associtation(APTA) that the average person driving in or to a city could save between $8,000-$13,000 anually. It is easy to see that by using a public transportation option, bus or rail, and only renting a car when we are planning to go somewhere where public transportation is not available is the most finacially responsible thing to do. Not only are we helping protect the enviorment and reduce city traffic, but we are also putting money back into our own pockets.


  • Money flows in Cook County president race

    Ask Ashok Desai why he contributed $10,000 to Dorothy Brown’s campaign for Cook County Board president, and the 50-year-old gas station operator says it’s about supporting a candidate who has helped his ethnic community.

    The fact that Brown, the circuit court clerk, employs his brother has nothing to do with it, he says. “I believe in the Democratic party,” Desai told a Tribune reporter.

    Read more in Clout Street on chicagotribune.com.

    Read the original article from Tribune News Services.


  • IDC: Android sales in Singapore “a drop in the bucket”

    trashbin Demonstrating once again the disturbing gap between mind share and market share, Ms Melissa Chau, a market analyst with market-research firm IDC Asia-Pacific, said at the Motorola Dext launch in Singapore, that Android phone sales last year "were a drop in the bucket".

    She added "Sales weren’t even close to those of the iPhone and other smartphones, like Windows Mobile phones."

    Mr Shaker Amin, an industry analyst with Frost & Sullivan, said that his firm estimates the sales of Android phones here to be less than 2 per cent of the mobile phone operating-system market share.

    "The market is still dominated by Symbian, which has a market share of well over 50 per cent, followed by Research In Motion and Windows Mobile," he said.

    Android OS smartphones have been much hyped in recent years, but so far have failed to set the world on fire, with even Google’s ‘superphone’ the Nexus One, estimated to have sold only 20,000 units in its opening week.

    Motorola has bet the company on the success of the Google-sponsored operating system, and expects to remain relevant with less than 5% global market share.

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  • Wind Turbine Startup FloDesign Raises $34.5M

    FloDesign Wind Turbine, a manufacturer of high efficiency wind turbines that use technology initially developed by the aerospace industry, has closed a $34.5 million Series B funding round led by returning investor Kleiner, Perkins, Caufield and Byers.

    New investors in this second round include a unit of Goldman Sachs, as well as cleantech-focused venture capital funds Technology Partners and VantagePoint Venture Partners.

    The Wilbraham, Mass.-based company was also recently awarded an $8.3 million grant from the U.S. Department of Energy’s Advanced Research Projects Agency – Energy (ARPA‐E) program.

    FloDesign plans to use the cash it raised from its investors and the money it secured from the government to scale production as it transitions from a research and development company into a full-scale manufacturing company.

    To oversee this growth, FloDesign has hired Vestas executive Lars Andersen as its new CEO. He replaces company founder Stanley Kowalski, who stays on as a vice president. At Vestas Andersen was president of the Danish wind turbine manufacturer’s Chinese subsidiary. He officially started work at FloDesign on January 4th.

    In a prepared statement Andersen said:

    I am very pleased with the prominent venture investors who are backing this company. It will be an exciting journey to build a world‐class company applying leading edge technology in the wind sector.

    Andersen has also worked with ABB Power Generation in Switzerland and for engineering group Black and Veatch in the US.

  • Hugh Grant Thinks Robert Pattinson Is Sexy

    Hugh Grant is a huge fan of Robert Pattinson. In fact, the Notting Hill star thinks Twilight’s leading heartthrob is kind of a hunk.

    Hugh, 49, admits he enjoys watching his fellow Brit, 23, on screen — and it doesn’t hurt that Pattz is so easy on the eyes.

    Hugh GrantRobert Pattinson

    “I haven’t watched the second part of Twilight yet, but I understand the fascination with Robert. I think he’s really sexy!” the Did You Hear About The Morgans? actor tells German’s OK!


  • Linja Zax 2.0 Puts a 3D Spin on the Small Screen

    It was almost a year ago when we first ran across Linja Zax, the unique Firefox add-on that puts a finger spin on the browsing experience. Linja Zax augments mobile browsing by letting the browser do things with simple gestures. Draw a circle on the screen and the display zooms in; circle the other way and it zooms out. You know it’s good technology as Nokia has enabled it in the N900 browser currently shipping.

    The company has reached out to us and let us know that while in the early stage, Linja Zax 2.0 is bringing even more capability that is designed for the mobile browser. The most unique feature is how the technology puts a 3D tilt to the browser screen, making interaction via touch a more natural experience. Have a look at this video of the Linja Zax 2.0 concept in action:

  • Tata Nano will cost more than $2,500 when it comes to the U.S.

    We’ve heard Tata Motors Chairman and CEO Ratan Tata say over and over again that the Nano subcompact is being prepared for sale in the United States. At the 2010 Detroit Auto Show, Tata Technologies Ltd., the global engineering arm of the Tata, brought the tiny car to Motor City as a publicity stunt.

    While the Tata officials said that they couldn’t confirm anything on the behalf of Tata Motors, Warren Harris, Tata Technologies president, would only say that the price of the Nano in the U.S. would be more than the $2,500 charged in India.

    “The structural changes that would need to be made, the changes that would be required as far as emissions are concerned, and some of the features that would be appropriate to add to the vehicle for the North American market, obviously that would drive up the price point,” Harris said.

    The Tata Nano has already made its debut in Europe and will go on sale in 2011 at a price of around $8,000.

    – By: Kap Shah

    Source: Detroit News


  • Skoda Superb Estate 4×4 Introduced to the UK Market

    The Skoda Superb Estate 4×4 will be available to the UK buyers, offering its fourth-generation Haldex system to the public.

    The list of engines includes the entry-level 1.8 liter TSI 160 HP petrol unit, the 3.6 liter petrol V6 offering 260 HP and the 2.0 TDI common-rail 170 HP Diesel.

    The aforementioned 4×4 system transfers torque to the wheels, which have the best traction at any given moment. It does this by analyzing signals from the ABS sensors. The fuel consumption compared to the f… (read more)

  • Zia Natural Skincare Moonstone Foundation

    Lightest Beige Recommended for fair skin with pink or cool tones. Moonstone Foundation enhances and protects your skin with mineral-based pigments that provide oil-free natural-looking coverage. Antioxidants and lavender help calm skin and defend against damage. Mineral pigments provide SPF 8 protection while diffusing light to minimize fine lines Glycerin and panthenol aid hydration Green tea, cucumber, aloe and ginko biloba fight cell damage

    View Zia Natural Skincare Moonstone Foundation Details

  • Hugo Chavez’s Venezuela Is Now Just Another Failed Petro-State

    (This post originally appeared at the author’s blog)

    A great deal of the newsflow from Venezuela over the past decade has detailed the gutting of PDVSA, the national oil company, for the sake of illusory programs dreamed up by one Hugo Rafael Chavez. As this has gone on for some time now it was inevitable that Venezuelan oil production would eventually suffer. Indeed, after serial takings in the Orinoco, the stuffing of PDVSA with cronies, and the depletion of its capital, there’s little surprise that Venezuelan oil production is down 1 mbpd since 2001. That’s a 30% fall.

    Of course, with each successive nationalisation it was inevitable that Venezuela’s various systems would eventually merge to form new, tightly coupled, super-scaled problems. From yesterday’s Bloomberg/BusinessWeek:

    Venezuela’s power shortage may push oil above $100 a barrel if President Hugo Chavez diverts electricity from the biggest refining complex in the Americas, Curium Capital Advisors LLC said. Chavez may tap a power plant at the 940,000 barrel-a-day Paraguana complex to supply electricity for public use, said Colin Fenton, chief executive officer of the Boston-based oil research firm. “He has to decide every single day what to do with Paraguana,” Fenton said today in an interview with Bloomberg TV in New York. A shutdown there would cause a temporary price spike until U.S. refiners make up for the lost output, he said. Most regions of Venezuela are facing blackouts for two to four hours a day to save power as the worst drought in 50 years reduces water levels in hydroelectric dams that provide 73 percent of the country’s energy.

    venezuela

    Despite alot of incendiary rhetoric from the Chavez regime over the years, The United States secures alot of its just-in-time supply from Venezuela. (I’m not convinced that the power outages in the country’s grid will actually get the price of oil to 100 just yet). However, it’s instructive that along with geological declines in Mexico, hemispheric supply to the United States remains on a well-established downward path. It appears that Chavez is about to achieve dysfunctional petrostate status for Venezuela.

    Read more energy market analysis at Gregor.us >

    Join the conversation about this story »

    See Also:


  • Ohio Malpractice Lawsuit Filed Over Mistreatment of Necrotizing Fasciitis

    A young man whose legs were partially amputated as the result of a necrotizing fasciitis infection, which involves a flesh-eating bacteria, has filed medical malpractice lawsuits against a number of doctors and two hospitals, alleging that the infection was mistreated.

    The Ohio malpractice lawsuits were filed in the Ohio Court of Claims and Franklin County Common Please Court on behalf of 19 year-old Steven Haxton, whose legs were amputated above the knee last year. According to a report in The Columbus Dispatch, the lawsuit alleges that the injuries resulted from the negligent medical care of more than 15 doctors employed by Ohio Health Corp, Riverside Methodist Hospital and Ohio State University Medical Center.

    Haxton alleges that he went to the Riverside Methodist emergency room for pain in his calf in March 2009, where he was diagnosed with necrotizing fasciitis. Several days later he was placed on life support and sent to Ohio State University Medical Center for further treatment. He eventually had his legs amputated and had to undergo 20 surgeries to save his life.

    Necrotizing fasciitis, better known as flesh-eating bacteria, is usually a form of streptococcus that infects the deeper layers of skin and subcutaneous tissues. Early symptoms include intense pain, swelling, and gastrointestinal distress. Eventually, the bacteria begins to kill tissue, causes fever and illness and in most cases will cause death if left untreated. Even when treated, the infections often require amputation of limbs in order to prevent spread throughout the body.

    The infections are most often treated with surgery and antibiotics. However, some cases of flesh-eating bacteria have been caused by methicillin-resistant Staphylococcus aureus (MRSA), which resists many forms of antibiotic treatment.

    Haxton’s necrotizing fasciitis lawsuits allege that the care provided at Riverside failed to meet accepted medical standards. Ohio State University Medical Center is named as part of the lawsuit because it employed one of the doctors at Riverside, not because of care that occurred at that OSU, which Haxton and his parents credit with saving his life.

  • In The Future, Let’s All Live In Treehouses Just Like ‘The Wilkinson Residence’ Mansion [Architecture]

    This isn’t just a treehouse. This is an actual man’s home, in Portland, Oregon.

    Natural wood ceilings and floors, curved edges, round windows, plenty of wooden beams, it’s a naturalist’s dream. And possibly a naturist’s too, with all those windows. [The Wilkinson Residence via Giz Mag]

    Image Credit: Cameron Neilson






  • Kendra Wilkinson & Husband Hosting Valentine’s Day Bash At Eve Longoria’s Eve Nightclub

    Kendra Wilkinson will host a Valentine’s Day party at Eva Longoria Parker’s Las Vegas nightclub.

    The former Hefner Hunny and her husband, NFL star Hank Baskett, are MCing a lovers’ bash at Sin City nightspot Eve on Feb. 13. The party will be filmed for Kendra’s E! reality show — Kendra – and guests can expect to be treated to copious amounts of champagne and cake!

    Hank and Kendra became parents for the first time last month with the arrival of their son Hank Randall Baskett IV in December.


  • [Miranda de Ebro] – Teatro Apolo

    En vista de que parece que los plazos empiezan a ver su fin (por fin, valga la redundancia), de que la obra parece que comenzará a finales de marzo de 2010, de que ya hay partida presupuestaria, de que se conoce a la empresa adjudicataria… por todo esto, abro este hilo para tener un seguimiento de la rehabilitación del Teatro Apolo.

    Es sin duda la obra más esperada en la ciudad en los últimos 20 años. Promesa de innumerables programas electorales que nadie cumplía. Os resumo de que va la obra.

    FOTOGRAFÍAS – Este es el destartalado Teatro Salón Apolo:

    ALZADOS – Aquí os presento dos dibujos: el antes y el después de la rehabilitación.

    ANTES

    DESPUÉS

    PLANOS – Aquí tenemos dos planos de la nueva distribución.

    NOTICIAS – Las últimas noticias hasta el momento.

    Quote:

    El Apolo arrancará en dos meses

    http://www.elcorreodigital.com/alava…-20100121.html


    Quote:

    La reforma del Teatro Apolo costará 1,2 millones menos de lo previsto

    El Ministerio de Vivienda adjudica la rehabilitación de la sala a la firma catalana Copcisa por 6,2 millones de euros.Las obras, apunta el alcalde, se iniciarán a finales de marzo y durarán 26 meses, 10 menos de lo fijado en el pliego

    http://www.diariodeburgos.es/noticia…FCF4743407EDD5


    Quote:

    El Ministerio de Vivienda adjudica las obras de rehabilitación del Apolo

    La encargada de acometer los trabajos será la empresa Copcisa con un presupuesto de 6´2 M€

    http://www.elcorreodeburgos.com/noti…cion-del-apolo


    LINKS

    Web de Copcisa – http://www.copcisa.com/
    Teatro Apolo en Wikipedia – http://es.wikipedia.org/wiki/Teatro_…iranda_de_Ebro)
    Ficha del Teatro en el PERI – http://www.mirandadeebro.es/urbanism…08%20APOLO.pdf

  • Playing equities ahead of higher rates

    With many calling for central banks around the world to start raising interest rates sometime in 2010, there is a general perception that this will pose a challenge for equity returns. While stocks typically post solid gains in the period leading up to rate hikes in the United States, markets tend to register only modest performance in the year following the first Fed tightening.

    UBS looked at eight examples and found that leading up to the interest rate increase, stocks rose an average of roughly 16%. In every case, equity returns in the 12 months following a rate hike were lower than in the previous year. In two of the eight cycles, markets declined.

    UBS economists forecast the Fed will begin to raise rates in late-June and the European Central Bank will lift rates in the third quarter. Meanwhile, the rate hike cycle has already begun in some places, with China just recently starting to tighten and Australia raising rates in 2009.

    While cyclical sectors typically outperform in advance of interest rate increases, in the 12 months following a rate hike leadership is more mixed.

    “A continued recovery in the global economy should keep equity markets around the world underpinned,” UBS strategists said in a report. “With Fed tightening still unlikely before late-Q2, our analysis supports forecasts from our regional strategy teams calling for additional market upside.”

    UBS recommends investors trade up in quality, favouring companies with better fundamentals. The strategists also suggested a more balanced tilt between cyclicals and defensives than in 2009 for global strategies.

    Jonathan Ratner