| Rent-a-bike scheme could cut queues
OXFORD could soon have its own low-cost, 24-hour rent-a-bike scheme in an effort to cut traffic congestion, as seen in several European cities. Oxfordshire County Council has pledged £100,000 to pay for a feasibility study. The scheme could see a network of cycle stations set up at key points in the city, including the train station, Westgate Centre, park-and-ride sites and city hospitals. Although plans are at an early stage, council chiefs hope a credit card-payable rent-a-bike scheme would take a significant number of cars off the city's roads. They say they want to make any scheme cheap and convenient. A rent-a-bike scheme started in Paris last July recorded more than seven million cycle trips by the end of the year. It is believed the county council wants to replicate the French capital's blueprint of providing robust cycles, which weigh about 20kg, to make them unattractive to thieves and sturdy enough to withstand damage from vandals.
Stan Badz / Wireimage.com
Welcome to the Nationwide Tour, circa 2008, where the first month of the schedule would daunt the most resolute jet-setter. While most Nationwide Tour stops are in small U.S. cities and towns such as Boise, Valdosta, Knoxville and Omaha, the first four tournaments this year are in the far-flung venues of Panama, Mexico, New Zealand and Australia. Later in the season, there is a Nationwide Tour event in Canada, giving the developmental tour nearly double the number of international stops that are on this year's PGA Tour schedule. "This time of year, when you land at LAX [Los Angeles International Airport], you think you're almost home," said Nationwide Tour director of player relations Marty Caffey. But for players who compete in the four events, the benefits are real, even if the trips are a hit on bank accounts that have yet to be fattened on PGA Tour bucks.
Willy Northpole and the Phoenix hip-hop scene explode
The George S. May Company is going to join Magedson's corporate advocacy program. (Kushnir declined to say how much he's paying.) Basically, Kushnir will pay Magedson to reveal the complainants against the company, and then Kushnir can do what he would have wanted to do all along address them. Good news for Magedson. But not such good news for the people who had anonymously blasted George S. May. After all, Magedson will be giving them up. And if they're current employees, they're probably going to be in trouble with a capital T. Kushnir says he won't sue anybody he's learned his lesson but if it's a disgruntled secretary who called the founder a pedophile, it's hard to imagine things will end happily for her. Kushnir says he's happy with how things ended. But the incident does raise some ethical questions.
Students are key to success of campus sustainability plan
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Walter Cronkite
The ripple effect is dramatic. Even more dramatic are some of the tactics homeowners are using to fight back against many of the deceptive subprime and other loans that knowingly put them in unaffordable situations. When courts favor property rights over human rights, many are just trashing their homes in an orgy of anger and revenge before abandoning them. You might say these homeowners should have known better. True, some may have been scammers in the American tradition of always seeking a good deal, buying now and paying later. But there's no longer any denying that a large number were victimized by predatory practices and “deals" pedaled by sleazy brokers but backed by top banks and investment houses. Richard Biter, a former Subprime salesman tells all in, “Greed, Fraud & Ignorance: A Subprime Insider's Look at the Mortgage Collapse." He reports, according to a review by blogger Charles Hugh Smith, “that up to 80% of all subprime loan applications were rejected by honest subprime mortgage brokers.
The Economics Of Free Isn't Good Or Bad -- It's Simply What Happens
People make decisions over what they deem as good or bad and the economics change accordingly. (reply to this comment) (link to this comment) Re: Re: by Anonymous Coward on Feb 27th, 2008 @ 8:38am I'm not disagreeing with you, but I think the question that needs to be posed is whether or not there really is new economic stimuli. In the case for Google, I think it does. Posting ads on a page that offers free service allows people to use those ads to indirectly make purchases. But I don't think this is a universal truth, someone needs to eventually get paid in the end, directly or indirectly, and for that to happen someone needs to spend money eventually. (reply to this comment) (link to this comment) Re: Re: Re: Greed is not physics.
Enraged Investors Turn on UBS's Ospel
Mr Ospel resisted calls for his resignation, saying: "I intend to ensure that UBS gets back on the road to success." UBS has been the worst casualty of the credit crunch among Europe's major banks. In a series of announcements, it has been forced to take $18bn (£9.1bn) of charges after its investment bank got burnt trying to compete with Wall Street rivals in racy credit markets that collapsed last summer. The writedowns caused UBS to post a loss for 2007 -- the first since the bank was formed nearly 10 years ago. In a further blow, the bank is also facing a claim for losses by HSH Nordbank, a German lender, on $500m of collateralised debt obligations that HSH alleges UBS "dumped" on it before the market imploded. The world's biggest wealth manager is raising SFr13bn to shore up its capital position and retain the trust of rich, cautious clients in its core private banking business.
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