Laois location named as ESB announce smart meter roll-out

first_img Twitter Pinterest By Alan Hartnett – 3rd July 2019 The ESB is preparing to start a €1.2bn national roll-out of smart meters to businesses and households, beginning in parts of Cork and the greater Portlaoise area.20,000 smart electricity meters will be rolled out to households in the Midlands and South by the end of the year.The upgrade programme by ESB Networks will begin in September in areas around Portloaise.The initial rollout will be followed by 250,000 home installations by the end of 2020 and a further half a million each year between 2021 and 2024.Eoghan Barrett of ESB Networks says the new meters will help the country reduce carbon emissions and help households save money.The company will be writing to householders and businesses from July 15 informing that they have been chosen for the meter upgrade.The properties selected will be primarily those with older meters and there will be no upfront charge to customers for the upgrade.Each meter will take on average 45 minutes to install and will provide ESB networks with up to date information on usage and this roll-out follows eight years of research.The project is part of the government’s strategy to save energy and in few years, customers will be able to avail of tariffs which will reduce their bills if they use more electricity outside of current peak hours, which are 5pm-7pm.It will also allow people with small solar panels and wind turbines to “export” any excess energy they produce to the company and the meters will also be able to inform the ESB of supply faults.The meters will provide real-time information to customers and ESB Networks, which means that householders and businesses will know exactly what they are spending, rather than having to wait for meter-readers to call to them four times a year for billing purposes.It will also make it easier for a customer to change supplier as suppliers will have access to their data at a push of a button and the ESB says this will enhance competition.It’s expected that more than 700 million smart meters will be installed around the world by energy companies by the end of next year.The installation of the meters in the Cork and Portlaoise areas should be completed by the end of December. RELATED ARTICLESMORE FROM AUTHOR Facebook Pinterest GAA GAA Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Twitter WhatsApp WhatsApp Previous articleDeaths in Laois – Wednesday, July 3, 2019Next articleDeath occurs of former Emo primary school principal Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Home News Laois location named as ESB announce smart meter roll-out News Facebook Here are all of Wednesday’s Laois GAA results 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin GAA Laois location named as ESB announce smart meter roll-out TAGSSmart meters last_img read more

Economists unfazed by household debt ratio

Share this article and your comments with peers on social media Given the long-standing concern about household debt levels among policymakers, the report may reignite those fears. “If you listen carefully, you might hear quiet gulps from the Bank of Canada after Q2 Canadian household debt ratios edged up again following two quarters of moderation,” says BMO Capital Markets in a research note on the results. Indeed, BMO says that the previous quarterly declines in the debt ratio “likely played a big role in the [Bank’s] view that household debt was evolving more ‘constructively’. Now, the issue is whether the Q2 back-up in debt ratios casts serious doubt on this so-called constructive evolution,” it says. Generally, economists indicate that they are not concerned. Indeed, RBC Economics says that, overall, the data supports the Bank of Canada’s view that household imbalances are moving in the right direction. “While the household debt-to-asset and debt-to-income measures deteriorated slightly in the quarter, this largely reflected the seasonal bounce in mortgage borrowing in the spring that is associated with the higher volumes of housing market activity during the peak home sales season,” it says. “More importantly, the year-over-year increase in household credit growth eased to 4.9%,” it says, noting that this is the slowest pace of growth since the fourth quarter of 2001. “Combined with gains in household net worth and income, the moderation in household debt growth points to an underlying improvement in consumer finances that helps to mitigate what policymakers have long highlighted as the largest domestic risk to the Canadian financial system,” it says. TD Economics also says that it’s not surprising to see household indebtedness rise along with home sales, but it does not expect this trend to continue. “In large part, the increase in household indebtedness also reflects softer income growth over the first half of this year. Looking forward, as housing stabilizes and income growth picks up, the debt-to-income ratio is expected to remain close to its current, still elevated, level,” it says. “With longer-term interest rates on the rise, we suspect that loan growth will ultimately cool further, helping eventually trim the debt-to-income ratio,” says BMO. In addition to the household debt news, economists also note that Canadian household net worth rose to a new record high of $7.3 trillion in the quarter, up 0.7% from the previous quarter, as household asset values increased by 0.9%. Per capita net worth was $205,900, which is also an all-time high, notes RBC. It expects that the Bank of Canada will maintain “considerable monetary policy stimulus” over the near term. “As the economy’s momentum gains strength and labour market conditions improve further, the Bank will begin the process of the ‘normalization of policy interest rates’, with a 25 [basis point] hike in the overnight rate expected in [the third quarter of 2014],” it suggests. James Langton Statistics Canada reported that the household debt ratio resumed its climb to record heights in the second quarter, but economists are generally sanguine about the move. StatsCan said today that the debt-to-disposable income ratio rose to a record high in the second quarter, hitting 163.4%, up from 162.1% in the first quarter. This follows two successive declines in the ratio in previous quarters. Facebook LinkedIn Twitter read more

OSC introduces ‘Topical Guide for Registrants’

first_img Share this article and your comments with peers on social media SEC examines rules for inter-fund trading Related news James Langton Keywords ComplianceCompanies Ontario Securities Commission Regulators aim to root out pandemic-driven liquidity issues Conflicts, crypto, cyber risk: the year ahead in compliance In a bid to enhance industry compliance, the Ontario Securities Commission (OSC) launched a new web-based tool Monday that compiles its guidance on a range of issues, including initiatives such as the latest Client Relationship Model reforms (CRM2). The Topical Guide for Registrants aims to serve as a single window to about 50 different documents that detail registration and compliance related guidance issued by both the OSC and the Canadian Securities Administrators (CSA). Organized alphabetically, and searchable, it links to relevant regulatory guidance compiled by OSC staff on various initiatives such as CRM2. “Registrants may wish to proactively use the staff guidance they access through this guide as a self-assessment tool to strengthen their compliance with Ontario securities laws, and as appropriate, to make changes to enhance their systems of compliance, internal controls and supervision,” the commission says. The OSC says that the guide was developed in response to feedback from stakeholders, and it intends to periodically update it with both new and historical materials. “The topical guide is part of the OSC’s ongoing Registrant Outreach efforts to enhance communication with registrants and provide tools to assist them with maintaining effective compliance systems,” said Debra Foubert, director, compliance and registrant regulation at the OSC. Facebook LinkedIn Twitterlast_img read more

City releases findings of Imagine Greater Bendigo stage 1 consultation

first_imgCity releases findings of Imagine Greater Bendigo stage 1 consultation A healthy, liveable community and natural environment, our country and community feel, and history and heritage – this is what our community values most about living in Greater Bendigo now.Looking ahead to 30 years’ time, a healthy, liveable community was again what residents want, along with a strong, sustainable and inclusive economy. Cool, shady, green streets and spaces, well-designed spaces that are mindful of our future climate, and more examples of Aboriginal culture and history also rated highly.These were the top priorities that emerged during community consultation for stage 1 of the Imagine Greater Bendigo project, an important piece of work and a requirement under the new Local Government Act (2020) and Public Health and Wellbeing Act (2008) to inform the development of a community vision, Council Plan, Municipal Public Health and Wellbeing Plan, and other strategic documents.Feedback was collected across six themes – A healthy, liveable community; A strong, inclusive and sustainable economy; Aboriginal reconciliation and celebration of diversity; A healthy natural environment that promotes climate resilience; A vibrant, creative community; and A supportive community and social environment.Approximately 1,000 people were reached as part of the consultation process, which included listening posts, ‘Imagine it – Draw it’ public art stations, long and short-form surveys on the online engagement platform Let’s Talk Greater Bendigo and postcards in English, Dinka, Dari and Karen.More women than men completed the surveys, with the exception of the 19-30 year age bracket where there was a more even spread. Bendigo, Strathdale and Strathfieldsaye were the top locations for online engagement, representing 21 per cent of total online participation. In-person participation was highest in Kangaroo Flat, followed by Strathfieldsaye.Mayor Cr Jennifer Alden thanked residents for their participation so far in this important planning process.“Council is really pleased with the level of feedback received. It is very consistent with previous community engagement, including confirming concerns about the long-term impact of COVID-19 and opportunities residents see to recover from the pandemic,” Cr Alden said.“Some new priorities that emerged during the consultation included what should be done with Hargreaves Mall, a secure water supply for the future and reference to water spaces, planning for the future, particularly regarding roads and parking, and social inclusion and infrastructure for rural communities.“We are now using this feedback to meet with a range of special interest groups to further test what was said. We will then present this information to two groups of people as part of a community panel process, 50 people over the age of 18 who were independently selected at random and a separate group of 20 young people aged between 12 and 24 years.“Participants will work together in May to come up with a community vision for Greater Bendigo and a set of values, based off what the community has said so far.“We really appreciate everyone’s contribution to date. Delivery of a new community vision and Council Plan will inform the work of Council and staff for up to 10 years, so it is important the community’s views are represented. Council will release the draft Council Plan and Municipal Public Health and Wellbeing Plan for public comment later in the year.”To view a long or short form summary of stage 1 consultation, visit www.letstalkgreaterbendigo.com.au/imagine and see the document library on the right-hand-side of the page. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Aboriginal, Australia, Bendigo, community, community engagement, English, environment, Government, health, infrastructure, Kangaroo, Local Government, participants, public health, resilience, sustainable, Victoria, wellbeinglast_img read more

2021 Newfoundland and Labrador fisheries decisions

first_img2021 Newfoundland and Labrador fisheries decisions From: Fisheries and Oceans CanadaToday, the Honourable Bernadette Jordan, Minister of Fisheries, Oceans, and the Canadian Coast Guard, announced decisions for the Northern cod stewardship fishery, the 2J3KLPs capelin fishery, and the Recreational groundfish fishery (known locally as the recreational food fishery).St. John’s, NL – The Government of Canada is committed to responsibly managing stocks in Newfoundland and Labrador to ensure the sustainability of fish species today and for generations to come. This work requires close collaboration with harvesters, the Fish Food and Allied Workers (FFAW) union, Indigenous partners, and other stakeholders while also considering socioeconomic factors and the most recent science advice.Today, the Honourable Bernadette Jordan, Minister of Fisheries, Oceans, and the Canadian Coast Guard, announced decisions for the Northern cod stewardship fishery, the 2J3KLPs capelin fishery, and the Recreational groundfish fishery (known locally as the recreational food fishery).The decisions are as follows:Northern cod (2J3KL) stewardship fishery – maximum authorized harvest level of 12,999 tonnes (an increase over the 2020 level of 12,350 tonnes);Northern Cod remains under moratorium, however, when a total allowable catch is established, the first 115,000 tonnes of directed Canadian access will be allocated to the inshore sector and Indigenous groups in Newfoundland and Labrador.2J3KLPs capelin fishery – 14,533 tonnes (a 25 per cent reduction from 2020);The 2021 stock assessment noted that capelin abundance remains very low and the stock is experiencing reduced productivity. Capelin is essential to the entire ecosystem, and particularly as a foraging species for cod.Recreational groundfish fishery – 39 day season (roll-over of management approach, including season, days and regulations from 2020).The fishery includes an individual daily bag limit of five groundfish, with a maximum boat limit of 15 fish when three or more people are fishing – the same as last year.Our oceans are vital to the livelihoods of communities across Canada. We want to keep our oceans healthy, so we can grow these industries sustainably, and create more opportunities for our coastal communities. We also recognize the cultural importance of recreational fisheries and the economic spin-off they create.Quotes“Our government understands the value of the fishery to Newfoundlanders and Labradorians and its importance in sustaining prosperous coastal communities. These decisions will provide access to the resource while considering science advice and socioeconomics. When science shows declines in stocks, we act; and when we see stocks rebounding, we responsibly pass gains along to industry. With our rebuilding plan for Northern cod we are forging a path forward for the stock while taking into account reasonable fishing opportunities as well as the cultural and historical attachment to the resource. The food fishery is important to Newfoundlanders and Labradorians, and I’m pleased to keep the same management measures in place this year. I thank harvesters, the FFAW, Indigenous partners and other stakeholders who provided advice and input into this year’s management process. I wish you a safe fishing season.”– The Honourable Bernadette Jordan, Minister of Fisheries, Oceans and the Canadian Coast GuardQuick factsIn accordance with the rebuilding plan and associated Harvest Decision Rule for Northern cod, the maximum authorized harvest level for the stewardship fishery this year will be 12,999 tonnes.Capelin is an integral component of the ecosystem on the Newfoundland and Labrador Shelf and is an important forage species for important stocks such as Northern cod. Recent science advice for 2J3KLPs capelin indicates prospects remain poor with continued record poor larval production, late spawning, and a lack of sustained growth in the stock.The Newfoundland and Labrador Recreational Groundfish Fishery – known locally as the recreational food fishery – will be open this season for 39 days. Every Saturday, Sunday and Monday from July 3 to September 6, and also for the period September 25 to October 3. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Canada, ecosystem, Fisheries, fishing, foraging, Government, Indigenous, industry, Jordan, Minister, production, science, season, species, spin-off, sustainabilitylast_img read more

From acid rain to agriculture: My path to studying how we change the planet and what to do about it

first_img Published: Dec. 2, 2019 Please join us on Dec. 3 for the Honors Program Distinguished Lecture Series featuring Eve-Lyn Hinckley, assistant professor of environmental studies, presenting “From acid rain to agriculture: My path to studying how we change the planet and what to do about it.”The lecture will be held at 6:30 p.m. on Tuesday, Dec. 3 in Eaton Humanities, Room 135. Pizza will be served at 6 p.m., so please arrive early for a seat. The talk is free and open to everyone.Hinckley will discuss how she became motivated to study environmental science and work directly with farmers, land managers, regulators and extension specialists to inform transitions to more sustainable resource management.Categories:Lectures & PresentationsEvents & Exhibits Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img read more

Kim Crawford Introduces New “Make It Amazing” Marketing Campaign

first_img Previous articleReal Sangria Introduces Canned Wine and New Campaign #Getreál for Easy-Drinking This SummerNext articleCreating Memories at Events Press Release ReddIt Home Industry News Releases Kim Crawford Introduces New “Make It Amazing” Marketing CampaignIndustry News ReleasesWine BusinessKim Crawford Introduces New “Make It Amazing” Marketing CampaignBy Press Release – June 26, 2019 11782 0 TAGSKim Crawford Email Twitter Linkedin Share AdvertisementMARLBOROUGH, NZ, June 26, 2019 – Kim Crawford, the number-one Sauvignon Blanc[i] and leading New Zealand wine brand[ii] in the U.S., announces the launch of its new national marketing campaign. “Make It Amazing” celebrates the confidence Kim Crawford gives consumers by over delivering on quality, taste and value; and brings consumers’ strong brand loyalty to life. This is Kim Crawford’s first marketing campaign since becoming the most advertised wine brand in 2018[iii] and is supported by a 360-degree integrated marketing plan including TV and digital advertising, social media content, dynamic displays at retail, strategic partnerships, consumer sampling, and experiential programming.Kim Crawford’s new “Make It Amazing” campaign brings the brand’s confident and contemporary voice to life, showcasing a diverse cast of women who embody Kim Crawford’s positive, inclusive, and effortlessly dynamic personality. The TV commercials portray real-life moments shared among friends where choosing Kim Crawford makes an impression and gives them confidence in their wine choice to take on any occasion. The wine’s consistent quality, distinct crisp flavor, and understated elegance exceed expectations and empower consumers with an effortless choice.Extensive research into the Kim Crawford consumer’s values led to the development of the “Make It Amazing” campaign, with findings confirming the deep emotional connection and loyalty fans share with the brand. Kim Crawford lovers lean on their friendships to gain self-confidence and similarly, they rely on Kim Crawford Wines as an easy choice that is a guaranteed crowd pleaser. “Make It Amazing” invites consumers to be their unapologetic, true selves to make any moment amazing.To capture the genuine affinity consumers have for Kim Crawford Wines, the brand partnered with visionary director Malik Sayeed, who has an impressive body of work celebrating women through past work on Beyoncé’s Lemonade visual album and Bumble’s 2019 Super Bowl advertisement featuring Serena Williams.“Kim Crawford has gained a cult following over its twenty-year history for its distinct taste, unwavering quality, and inclusive spirit,” said Julie Rossman, Vice President of Marketing for Kim Crawford Wines. “The “Make It Amazing” campaign does an excellent job of capturing the unique bond Kim Crawford shares with our devoted fans and validating to new consumers why it is a choice to be confident in. We want consumers to feel energized and excited about our versatile wines and hope that they serve as a catalyst for shared moments amongst friends.”TV commercials commenced on June 17, 2019 on cable networks including; Bravo, E!, Food Network, FX, HGTV, TBS, Travel Channel, AMC, among others. Following broadcast, digital marketing and social media ads began rolling out across Facebook and Instagram on June 24, 2019 through February 2020.“Make It Amazing” was created by Kim Crawford’s creative agency of record, Chicago-based Cavalry:VP, Director of Integrated Production: Kelly DurhamChief Creative Officer: Leyla DaileyGroup Creative Director: Bill MatznickChief Executive Officer: Marty StockChief Strategy Officer: Karl TurnbullVP, Group Account Director: Jennifer Gerwen Account Director: Amber AllenPlanner: Madison GillerSocial Media Manager: Caroline Conklin Kim Crawford “Make It Amazing” TV Commercials:Birthday: https://youtu.be/hBnoFN_EgGoRestaurant: https://youtu.be/keZjocCURCoMarket: https://youtu.be/Ew1akpuFOus30: https://youtu.be/ien8748Xk5kAbout Kim Crawford WinesKim Crawford is the number-one Sauvignon Blanc and New Zealand Wine brand in the United States (IRI, 2019). Kim Crawford has garnered numerous industry accolades, including being named New World Winery of the Year by Wine Enthusiast in 2016, earning a spot on Wine Spectator’s Top 100 List on four separate occasions, and being recognized as an Impact “Hot Brand” for the past twelve years. Kim Crawford’s distinctive portfolio includes Kim Crawford Marlborough Sauvignon Blanc, Kim Crawford New Zealand Rosé, Kim Crawford New Zealand Chardonnay, Kim Crawford New Zealand Pinot Gris, and Kim Crawford New Zealand Pinot Noir. For further information, please visit www.kimcrawfordwines.com, or follow us on Facebook and Instagram.[i] IRI Total US Multi Outlet-Convenience L52 weeks ending 2/24/2019[ii] Nielsen CGA, L52 weeks ending 10/7/2018[iii] Nielsen Ad Intel, Total Media SOV Q1-Q4 2017 / Q1-Q4 2018Advertisement Facebook Pinterestlast_img read more

$1.1 Billion Expected from Agro Parks This Financial Year

first_img$1.1 Billion Expected from Agro Parks This Financial Year Finance & Public ServiceApril 19, 2013 FacebookTwitterWhatsAppEmail Approximately $1.1 billion is expected to flow to farmers before the end of this fiscal year, as a result of activities on the first five of nine proposed Agro Parks to be established across the island. This will also result in direct employment for 1,500 persons, with an additional 2,500 receiving part time jobs. This was disclosed by Minister of Finance and Planning, Dr. the Hon. Peter Phillips, as he opened the 2013/14 Budget Debate in the House of Representatives on April 18, under the theme: ‘Restoring Hope…Expanding Opportunity’. Dr. Phillips informed that before the end of this fiscal year, work will begin on an additional two parks located at Meylersfield in Westmoreland and Ettingdon in Trelawny. This will make five, the number of parks, on which work has started, counting those at Amity Hall in St. Catherine and Ebony Park in Clarendon, which were brought into production last year. The park at Plantain Garden River is also being prepared for onion production. The nine Agro Parks, which are to be implemented over the next three years at a cost of US$8 million, will assist in the creation of employment, increase agricultural output, reduce the national food import bill and stimulate food exports. The proposed parks are being funded in part by the European Union and are being developed jointly with the Agro Investment Corporation and the National Irrigation Commission providing infrastructural development and irrigation facilities, respectively. “These Agro Parks are being developed jointly using public/private initiative, involving both large and small farmers. We are ensuring that all aspects of the value chain are being covered from germination to processing to marketing; and will, in many instances, involve the ‘mother farm satellite’ method of production,” the Minister informed. In the meantime, Dr. Phillips informed that a few of the crops being contemplated for production include some 1,700 acres of sorghum to reduce grain imports for animal feed, which is currently underway. “The planned initial rotation of 500 acres of sorghum with red peas by August/September will see a reduction in red peas imports by 33 per cent,” he said. Additionally, some 689 acres of onions will be planted shortly, reducing the import bill for onions by about 45 per cent, while 550 acres of vegetables, legumes, condiments and tubers will be cultivated. “There is also a major expansion of cassava production underway to provide raw materials for the beer industry,” Dr. Phillips informed. By Athaliah Reynolds-Baker, JIS Reporter RelatedPublic Servants Agree to Wage Restraint RelatedCabinet Signs Off on Measures to Advance IMF Negotiationscenter_img RelatedNHT’s Contribution Will Not Affect Its Operations – Finance Minister Advertisementslast_img read more

Lime offers $1.5 million to stay in Santa Monica

first_imgIn a previous version of this story, we used the word “negotiation” to describe the process for establishing a scooter pilot program. While companies have sent information to the City regarding their applications, city staff (including David Martin) have not responded to or engaged with any companies regarding their applications. This story has also been updated to reflect Lime’s offer was larger than initially reported.Tags :LimeLime scootersLimeBikeNewsscootersshare on Facebookshare on Twitteradd a commentKate CagleSenior ReporterSenior reporter for the Santa Monica Daily Pressview all postsPardon scooter liberals? No way!Crime WatchYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall9 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press20 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press20 hours agoNewsCouncil picks new City ManagerBrennon Dixson20 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter20 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor20 hours ago HomeFeaturedLime offers $1.5 million to stay in Santa Monica Aug. 29, 2018 at 5:02 amFeaturedNewsLime offers $1.5 million to stay in Santa MonicaKate Cagle3 years agoLimeLime scootersLimeBikeNewsscooters Electric scooter start-up Lime has offered the city of Santa Monica $1.5 million for infrastructure improvements as part of their application to participate in a pilot program launching next month, according to a source with knowledge of the discussions. Planning Director David Martin is expected to announce which companies will be allowed to operate dockless rideshare businesses in the city Thursday.The process has heated up since an official selection committee of city staff and a Santa Monica Police Department traffic officer recommended awarding contracts to Lyft and Jump (which is owned by Uber) earlier this month. Martin has the final say in which companies will participate in the 18-month pilot and is not bound by the committee’s recommendations.Both Lime and Bird Scooters’ temporary permits to operate in Santa Monica expire before the pilot begins, meaning they may be pushed out of the city if they do not win a bid. The City Council created the pilot program to rein the burgeoning industry with rampant bad behavior by users who often ride on sidewalks and without helmets and leave the devices in the public right-of-way. There have been several serious accidents since Bird launched in September, according to a recent city report.The selection committee results further escalated the scooter wars, with more than a dozen companies battling for the opportunity to operate in one of the most progressive cities in America. Bird and Lime launched a public campaign to stay, staging a protest outside City Hall and shuttering operations during a “day without a scooter.”Both companies are making their case to staff and the public. While hundreds of Bird and Lime employees rallied outside at the protest, Bird’s lobbyists led executives to meetings with the city’s unelected officials.Lime has filed an addendum to their initial application for the pilot and offered $1.5 million for infrastructure improvements like bike lanes and parking areas. The company declined to comment on the infrastructure funding offer.While Bird scooters still zip down the Strand, Lime has launched new technology to geofence prohibited areas. Now when a scooter hits the beach, Palisades Park, or the Third Street Promenade, the speed automatically decreases from about 15 miles an hour to eight. The Strand became the epicenter for resident discord with the scooters this summer, as the number of scooters on the path made it difficult to ride bikes without getting into an accident. Police say they have issued approximately 1,000 citations to riders throughout the city and confiscated about $3,000 scooters.Lime’s Director of Strategic Development Sam Dreiman told the Daily Press they have been working on the geofencing technology for months, but the tech required an overhaul of the GPS tracking system on each scooter. Now the scooters ping more frequently, allowing the devices to adjust speed in real time if a rider goes into a prohibited area.“On a broader level, we’re really doing our best to listen to what the community has to say and what the city has to say,” Dreiman said. “That includes hiring locally. We have dozens and dozens of people working on this every day.”In addition to the geofencing, riders will not be able to unlock scooters left in prohibited areas or find them on the app.Both Lyft and Jump offered to also geofence scooters from prohibited areas if granted a bid to operate in the [email protected]last_img read more

Clearwire backs Sprint takeover bid

first_img AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 07 MAY 2013 Author Clearwire has said that the proposed buyout by Sprint is the best deal for its minority shareholders.In a filing to the Securities and Exchange Commission, the wholesale operator said its has board unanimously concluded that the proposed transaction with Sprint “is the best strategic alternative for stockholders representing fair, attractive and certain value, especially in light of the company’s limited alternatives and the well-known constraints of its liquidity position”.Sprint is already the majority shareholder in Clearwire and wants to take full ownership of the company. It made an offer worth $2.2 billion ($2.97 per share) for the shares it doesn’t already own in December.Satellite TV company Dish Network made a $2.3 billion counterbid ($3.30 per share) in January, which Clearwire said it would evaluate while continuing to recommend the original bid from Sprint.However, Clearwire said in the filing that “a sale to a third party other than Sprint is unlikely to occur due to Clearwire’s governance structure and Sprint’s unwillingness to sell its stake”.The filing also appears to have put an end to hopes Verizon Wireless had of buying spectrum leases from Clearwire.Clearwire said it is “unlikely to have buyer interest for all 47 billion MHz-POPs of spectrum above the $0.21/MHz-POP value implied by Sprint proposal” and that “even a sale of a meaningful block of spectrum would leave it exposed to significant risks and would not solve Clearwire’s long-term liquidity challenges”.As well as representing a significant premium to Clearwire’s share price, the company said the Sprint bid offered “higher certainty of value for stockholders compared to other alternatives” and “immediate liquidity to stockholders” at the close of the transaction.Clearwire investor Crest Financial has been trying to stymie the sale to Sprint, even reportedly requesting the Federal Communications Commission to block the deal. Minority Clearwire shareholder Aurelius Capital recently said it is suing the directors of Clearwire and Sprint due to its dissatisfaction with the merger agreement.Clearwire said it will hold a special shareholder meeting on 21 May to vote on the Sprint proposal.Further complicating the picture, Dish recently submitted a $25.5 billion offer to buy a controlling stake in Sprint itself, trumping an earlier $20.1 billion offer made by Japanese group Softbank. Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter… More Read more Dish picks Oracle cloud-based control plane Related Previous ArticleEC takes tough stance on Motorola/Apple patent caseNext ArticleVHA ducks out of Australia’s spectrum auction, TPG a surprise winner Tim Ferguson center_img Tags T-Mobile, Dish, Amazon tap debt markets Blog: Why Dish could break new ground for public cloud and open RAN Blog Home Clearwire backs Sprint takeover bid ClearwireDish NetworkFinancialSprintlast_img read more