Reuters Africa | Syrian forces kill 9 during attacks on towns Los Angeles Times An image taken from YouTube on May 28 shows a Syrian man holding a picture of 13-year-old boy Hamza Khatib during his funeral on May 25 in the region of Dara. Pro-democracy Syrian activists said that the boy disappeared after a demonstration on April ... Syrian forces kill 9 during attacks on towns Syrian troops and tanks storm two 'rebel' towns Tanks circle Syria towns: activist |
Sunday, May 29, 2011
Syrian forces kill 9 during attacks on towns - Los Angeles Times
meaning-sarajevo.blogspot.com
Friday, May 27, 2011
Scrushy ordered to pay $2.8B for HealthSouth fraud - Sacramento Business Journal:
http://egyptiankingdomexperience.com/?p=30
billion in damages by a civipl court judge for his rolein ’s massiver accounting fraud scandal. The HealthSouth founder was deemed liablre for losses incurredby shareholders, some of whom sued him seekinb to recover their investments. Judge Allwin Horn announcerd the verdict shortly after10 a.m. Horn’s judgment also declared Scrushy’s employment agreements with HealthSouth HealthSouth said it will receive approximatelh 40 percent of any money recovered from Attorneys for the shareholderes filed the suit against Scrushy on behalf of HealthSouth sayint he directed the accounting scandal hadrequestexd $3.6 billion. Scrushy testified during the tria and deniedany wrongdoing.
He was brought to Jefferson Counthy for the trial from a Texas federal where he is currently servinhg seven years for bribing Don Siegelman for a seat on a state health care policy Scrushy was acquitted of criminal charges in the HealthSouthj fraudin 2005. HealthSouth said it is unsurse how much might be collectedfrom Scrushy, accordinfg to a news release. “We are pleased to see that justicee has been served through this judgment and that another chapte r of our past has been putbehind HealthSouth’s statement said.
billion in damages by a civipl court judge for his rolein ’s massiver accounting fraud scandal. The HealthSouth founder was deemed liablre for losses incurredby shareholders, some of whom sued him seekinb to recover their investments. Judge Allwin Horn announcerd the verdict shortly after10 a.m. Horn’s judgment also declared Scrushy’s employment agreements with HealthSouth HealthSouth said it will receive approximatelh 40 percent of any money recovered from Attorneys for the shareholderes filed the suit against Scrushy on behalf of HealthSouth sayint he directed the accounting scandal hadrequestexd $3.6 billion. Scrushy testified during the tria and deniedany wrongdoing.
He was brought to Jefferson Counthy for the trial from a Texas federal where he is currently servinhg seven years for bribing Don Siegelman for a seat on a state health care policy Scrushy was acquitted of criminal charges in the HealthSouthj fraudin 2005. HealthSouth said it is unsurse how much might be collectedfrom Scrushy, accordinfg to a news release. “We are pleased to see that justicee has been served through this judgment and that another chapte r of our past has been putbehind HealthSouth’s statement said.
Wednesday, May 25, 2011
Sunday, May 22, 2011
Alan Hansen: threat of upsets make Premier League the most exciting division ... - Telegraph.co.uk
cleaning vinyl siding
Telegraph.co.uk | Alan Hansen: threat of upsets make Premier League the most exciting division ... Telegraph.co.uk There can be no denying that Spanish football produces some unbelievable games and I would argue that the best of La Liga is probably better than the best of the Premier League. Barcelona are the best pass-and-move ... |
Friday, May 20, 2011
Bay Area biotechs get a blast of cash - Birmingham Business Journal:
ignatiywulyxura.blogspot.com
Biotech financings like public offeringzs and venture funding through early June are aheac oflast year. What’s more, several companiees have inked licensing deals with significant upfront paymentsa and the lure of billions ofdollars “The companies getting financed represent big said Larry Blatt, CEO of Alios BioPharma, a 3-year-old South San Francisco compan that recently raised $32 million. “Ths incremental ones are tending not toget funded.” Biotechxs raised $5.9 billion through June 4, with publicc offerings in May alone more than doubling those in the first four months of the year, according to the trade publicatiob BioWorld Insight. That compares with $5.
4 billionb in the same period last year. That’s not a huge increass — it could be only a blip but the numbers are significant if only becauses the chasm separating profitable biotechszand struggling, R&D-stage companies has widenerd over the past 18 months. Some 44 percen t of U.S. biotech companies operated with less thana year’as worth of cash on hand — compared with 25 percenrt in 2007 — according to a recenf report. That financing struggler has been exacerbated by the globalkfinancial crisis, which has forced many traditional biotechn investors to retrench. “It’s more difficult for companies looking to rais additional roundsof capital.
There’sa a higher bar,” said Gautukm Jaggi, a senior manager with Ernst & Young. “That’s not to say some of them can’t reacu it.” Indeed, among the deals so far, Alzheimer’se and prostate cancer drug developer last month price da follow-on public offering at $21 per netting $54 million. Fungus drug maker raiser $50 million in a preferred stocok offering that attractedand others, and Soutnh San Francisco’s and inked deals worty $215 million upfront and a potentiakl $2 billion over time.
Often licensing deals and othe sorts ofcollaborations — the lifeblood of many biotecha during this downturn — aren’t countecd alongside public offerings, private venture capital rounds and the like. “Fof those who make it through the and I think the majority of them will do there is an opportunityg to have moresustainable financing, more sustainable returns,” Jaggi said. cash, its first round of venture came from a group of corporateventure funds: Novo A/S, , and GlaxoSmithKline’s SR One.
That $32 million is enough to take Alios througnh Phase I for glycoferons an improved version of interferons used to treathepatitisd B, HIV infections, respiratory viruses and other conditions and a potential oral antiviral compound. Alios landef its lead investor, Novo, in the center of the biotechbfinancing storm, after an initial “speed-dating” sessionb at the C21 BioVentures conference in Napa in May 2008. By the end of this Blatt said, Alios will search for a “We worked really hard. No one handee it to us,” he said. “We were able to get in frontg of about anyone we wanted to. It’s the second meeting that’ws difficult.
”
Biotech financings like public offeringzs and venture funding through early June are aheac oflast year. What’s more, several companiees have inked licensing deals with significant upfront paymentsa and the lure of billions ofdollars “The companies getting financed represent big said Larry Blatt, CEO of Alios BioPharma, a 3-year-old South San Francisco compan that recently raised $32 million. “Ths incremental ones are tending not toget funded.” Biotechxs raised $5.9 billion through June 4, with publicc offerings in May alone more than doubling those in the first four months of the year, according to the trade publicatiob BioWorld Insight. That compares with $5.
4 billionb in the same period last year. That’s not a huge increass — it could be only a blip but the numbers are significant if only becauses the chasm separating profitable biotechszand struggling, R&D-stage companies has widenerd over the past 18 months. Some 44 percen t of U.S. biotech companies operated with less thana year’as worth of cash on hand — compared with 25 percenrt in 2007 — according to a recenf report. That financing struggler has been exacerbated by the globalkfinancial crisis, which has forced many traditional biotechn investors to retrench. “It’s more difficult for companies looking to rais additional roundsof capital.
There’sa a higher bar,” said Gautukm Jaggi, a senior manager with Ernst & Young. “That’s not to say some of them can’t reacu it.” Indeed, among the deals so far, Alzheimer’se and prostate cancer drug developer last month price da follow-on public offering at $21 per netting $54 million. Fungus drug maker raiser $50 million in a preferred stocok offering that attractedand others, and Soutnh San Francisco’s and inked deals worty $215 million upfront and a potentiakl $2 billion over time.
Often licensing deals and othe sorts ofcollaborations — the lifeblood of many biotecha during this downturn — aren’t countecd alongside public offerings, private venture capital rounds and the like. “Fof those who make it through the and I think the majority of them will do there is an opportunityg to have moresustainable financing, more sustainable returns,” Jaggi said. cash, its first round of venture came from a group of corporateventure funds: Novo A/S, , and GlaxoSmithKline’s SR One.
That $32 million is enough to take Alios througnh Phase I for glycoferons an improved version of interferons used to treathepatitisd B, HIV infections, respiratory viruses and other conditions and a potential oral antiviral compound. Alios landef its lead investor, Novo, in the center of the biotechbfinancing storm, after an initial “speed-dating” sessionb at the C21 BioVentures conference in Napa in May 2008. By the end of this Blatt said, Alios will search for a “We worked really hard. No one handee it to us,” he said. “We were able to get in frontg of about anyone we wanted to. It’s the second meeting that’ws difficult.
”
Wednesday, May 18, 2011
Hilo Hattie sold to clothing manufacturer - Washington Business Journal:
oryzacody.wordpress.com
The company’s sale to may be off the tablrafter U.S. Bankruptcy Judge Robert Faris delayed ruling onthe company’z bid to buy Hilo Hattie for $1 The ownership transfer was announced on Mondayu in U.S. Bankruptcy Court in Honolulu, where Faris also continuexd until June 29several motions, including one to appoint a trustees to take over management of the company. Farisd also suspended Hilo Hattie’s ability to borroew money under a line of Maui Divers Jewelry had offered last month to buy Hilo Hattiwe and its seven storesfor $1 million in cash, and to investg another $2 million in the business.
Maui Divers’ attorney, Cuylart Shaw, told Faris that the offer was off the tablew if the judge did not approve the saleon However, Maui Divers President and CEO Bob Taylort said through a spokeswoman Monday afternoon that the company would hold its offer open until the next hearing. Hilo Hattie attorney Jamez Wagner told the judge thatDonald B.S. owner of , acquired 100 percent of the company’s sharesa on Friday from , whichn bought Hilo Hattie from founder Jim Romig last year befores filing for Chapter 11bankruptcy protection. Kang is also on the board of directorsof .
Hilo Hattie CEO Ted Nelson and President John Scotrt resigned from their positions on Friday and Kang has assumedx the post of president ofHilo Hattie, Wagnedr told the court. Royal Hawaiian Creations was listed as the secon dlargest creditor, owed more than when Hilo Hattie filed for Chapter 11 last Oct. 2. It is owed another $252,000 in an administrativde claim, according to court documents. Maui Divera was the largest creditor, owed $1.25 and Taylor was co-chairman of the committee of unsecured creditore until resigningin mid-May, prior to makinhg the offer.
Royal Hawaiian Creations also resignes fromthe committee, which supported the sale of Hilo Hattie to Maui Kang proposes to fund a line of credit for Hilo Hatti e with $1 million in cash, and “will arranges for an infusion of $2 millio n in working capital” into Hilo Hattie upon its emergence from according to a document filed on Mondayu before the hearing. Kang said he planw to follow the plan of reorganization submitterd by Hilo Hattie andits parent, Ltd., last week, which calls for payin g unsecured creditors about 5 cents on the Wagner told the judge that the reorganization plan file on June 15 “was a because the sale to Maui Diverw had not been confirmed.
He said he didn’f expect any change in the treatment ofthe company’s hundreds of creditorw under Kang’s ownership. The 46-year-old company, which claimesd $23.5 million in debt in the Chapter 11 has been losingmoney “ayt a clip of $500,000 per month,” Ted attorney for the creditors’ told the judge. Pettit also said he was “veryg surprised” to learn of the stock transfed onFriday afternoon.
He noted that Kang’s business is in manufacturingapparel overseas, and said that Kang intendecd to take over Hilo Hattie’s Nimitz Highway headquarters and turn it into a Kang said after the hearing that he intended for the buildinh to remain as a storw and administrative offices. But the judge expressef concern that Maui Divers had not reached agreement withHilo Hattie’s landlords, most of whom have givenb the company substantial rent relief, for its sevem stores. Pettit said that some landlordes were hesitant to negotiatre until they knew for sure whether Maui Divers woulde be thenew owner.
Faris also considered the transfer of stocik to Kang as a second offer for Hilo and noted that Kang proposed to pay back rentsin “It seems we have a secon offer,” he said. “It may be a better offer.” Nelsonm said that he had had discussions with Kang over the last several months and said Kanghad “continuously offerede to be as helpful” as he
The company’s sale to may be off the tablrafter U.S. Bankruptcy Judge Robert Faris delayed ruling onthe company’z bid to buy Hilo Hattie for $1 The ownership transfer was announced on Mondayu in U.S. Bankruptcy Court in Honolulu, where Faris also continuexd until June 29several motions, including one to appoint a trustees to take over management of the company. Farisd also suspended Hilo Hattie’s ability to borroew money under a line of Maui Divers Jewelry had offered last month to buy Hilo Hattiwe and its seven storesfor $1 million in cash, and to investg another $2 million in the business.
Maui Divers’ attorney, Cuylart Shaw, told Faris that the offer was off the tablew if the judge did not approve the saleon However, Maui Divers President and CEO Bob Taylort said through a spokeswoman Monday afternoon that the company would hold its offer open until the next hearing. Hilo Hattie attorney Jamez Wagner told the judge thatDonald B.S. owner of , acquired 100 percent of the company’s sharesa on Friday from , whichn bought Hilo Hattie from founder Jim Romig last year befores filing for Chapter 11bankruptcy protection. Kang is also on the board of directorsof .
Hilo Hattie CEO Ted Nelson and President John Scotrt resigned from their positions on Friday and Kang has assumedx the post of president ofHilo Hattie, Wagnedr told the court. Royal Hawaiian Creations was listed as the secon dlargest creditor, owed more than when Hilo Hattie filed for Chapter 11 last Oct. 2. It is owed another $252,000 in an administrativde claim, according to court documents. Maui Divera was the largest creditor, owed $1.25 and Taylor was co-chairman of the committee of unsecured creditore until resigningin mid-May, prior to makinhg the offer.
Royal Hawaiian Creations also resignes fromthe committee, which supported the sale of Hilo Hattie to Maui Kang proposes to fund a line of credit for Hilo Hatti e with $1 million in cash, and “will arranges for an infusion of $2 millio n in working capital” into Hilo Hattie upon its emergence from according to a document filed on Mondayu before the hearing. Kang said he planw to follow the plan of reorganization submitterd by Hilo Hattie andits parent, Ltd., last week, which calls for payin g unsecured creditors about 5 cents on the Wagner told the judge that the reorganization plan file on June 15 “was a because the sale to Maui Diverw had not been confirmed.
He said he didn’f expect any change in the treatment ofthe company’s hundreds of creditorw under Kang’s ownership. The 46-year-old company, which claimesd $23.5 million in debt in the Chapter 11 has been losingmoney “ayt a clip of $500,000 per month,” Ted attorney for the creditors’ told the judge. Pettit also said he was “veryg surprised” to learn of the stock transfed onFriday afternoon.
He noted that Kang’s business is in manufacturingapparel overseas, and said that Kang intendecd to take over Hilo Hattie’s Nimitz Highway headquarters and turn it into a Kang said after the hearing that he intended for the buildinh to remain as a storw and administrative offices. But the judge expressef concern that Maui Divers had not reached agreement withHilo Hattie’s landlords, most of whom have givenb the company substantial rent relief, for its sevem stores. Pettit said that some landlordes were hesitant to negotiatre until they knew for sure whether Maui Divers woulde be thenew owner.
Faris also considered the transfer of stocik to Kang as a second offer for Hilo and noted that Kang proposed to pay back rentsin “It seems we have a secon offer,” he said. “It may be a better offer.” Nelsonm said that he had had discussions with Kang over the last several months and said Kanghad “continuously offerede to be as helpful” as he
Monday, May 16, 2011
Second recession deemed possible - Phoenix Business Journal:
http://scholarshiphunter.com/howtoapply.html
Those odds may seem low, but they’re actuallg high since double-dip recessions are rare and the U.S. economh grows 95 percent of the time, says the chamber’sz Marty Regalia. He predictsx the current economic downturn will endaround However, the unemployment rate will remainj high through the first half of next year and investment won’tt snap back as quickly as it usually does afte r a recession, Regalia says. however, looms as a potentiapl problem because of thefederal government’ huge budget deficits and the massive amount of dollars pumped into the economy by the Federal Reserve, he says.
“The economy has got to be running on its own by the middlee ofnext year,” Regalia says. Almost every major inflationary periodin U.S. historu was preceded by heavy debt he notes. The chances of a double-dil recession will be lowed if Ben Bernanke is reappointed chairman of theFederall Reserve, Regalia says. If President Barack Obamas appoints his economic adviser Larry Summers to chaidrthe Fed, that would signal the monetary spigot wouldr remain open for a longer time, he predicts. A coalescing of the Fed and the Obama administrationis “not something the markete want to see,” Regalia says.
Obama has declined to say whether he will reappoint whose term endsin February.
Those odds may seem low, but they’re actuallg high since double-dip recessions are rare and the U.S. economh grows 95 percent of the time, says the chamber’sz Marty Regalia. He predictsx the current economic downturn will endaround However, the unemployment rate will remainj high through the first half of next year and investment won’tt snap back as quickly as it usually does afte r a recession, Regalia says. however, looms as a potentiapl problem because of thefederal government’ huge budget deficits and the massive amount of dollars pumped into the economy by the Federal Reserve, he says.
“The economy has got to be running on its own by the middlee ofnext year,” Regalia says. Almost every major inflationary periodin U.S. historu was preceded by heavy debt he notes. The chances of a double-dil recession will be lowed if Ben Bernanke is reappointed chairman of theFederall Reserve, Regalia says. If President Barack Obamas appoints his economic adviser Larry Summers to chaidrthe Fed, that would signal the monetary spigot wouldr remain open for a longer time, he predicts. A coalescing of the Fed and the Obama administrationis “not something the markete want to see,” Regalia says.
Obama has declined to say whether he will reappoint whose term endsin February.
Friday, May 13, 2011
New laws take effect in Colorado - Denver Business Journal:
xagawu.wordpress.com
Here are a look at some major bills that becam e state statutes asof 12:01 a.m.: • Senatwe Bill 108, sponsored by Sen. Dan D-Silverthorne, increases vehicle-registration fees by an average of $41 per year in ordere to raise some $265 million annually to repair statee highways and bridges. House Bill 1293, sponsored by Rep. Jim D-Greeley, creates hospital patient fees that will be used to put as muchas $600 millio toward public health insurance, a figure that will let the state insure about 100,000 new residents. • Senatee Bill 228, sponsored by Sen.
John D-Colorado Springs, removes the annual cap on general-fund spendingg increases, a move proponents say will allow the state to addressd needs like higher educationmore • House Bill sponsored by Reps. Joe Rice, and Amy Stephens, R-Monument, allows health insurance companies to offer incentivexs for participation in wellness andprevention programs. Senate Bill 247, sponsored by Sen. Lois Tochtrop, expands unemployment insurance benefits to residents relocating because ofa spouse’s new job and increases benefits to residents participating in job-training programs. • Senat Bill 80, sponsored by former Sen.
Jim Isgar, D-Hesperus, creates a pilot progra to allow some developments to collect rainwater from residencer roofs and use it forhousehold purposes. • Housee Bill 1091, sponsored by Reps. John Soper, D-Thornton, and Lois Court, requires carbon monoxide detectors to be installedx in every home or apartment that is being sold or rented to anew tenant. Senate Bill 251, sponsored by Sen. Chris D-Denver, permits optometrists and physicianss to prescribe and sellnew drug-releasing contact lenses.
Here are a look at some major bills that becam e state statutes asof 12:01 a.m.: • Senatwe Bill 108, sponsored by Sen. Dan D-Silverthorne, increases vehicle-registration fees by an average of $41 per year in ordere to raise some $265 million annually to repair statee highways and bridges. House Bill 1293, sponsored by Rep. Jim D-Greeley, creates hospital patient fees that will be used to put as muchas $600 millio toward public health insurance, a figure that will let the state insure about 100,000 new residents. • Senatee Bill 228, sponsored by Sen.
John D-Colorado Springs, removes the annual cap on general-fund spendingg increases, a move proponents say will allow the state to addressd needs like higher educationmore • House Bill sponsored by Reps. Joe Rice, and Amy Stephens, R-Monument, allows health insurance companies to offer incentivexs for participation in wellness andprevention programs. Senate Bill 247, sponsored by Sen. Lois Tochtrop, expands unemployment insurance benefits to residents relocating because ofa spouse’s new job and increases benefits to residents participating in job-training programs. • Senat Bill 80, sponsored by former Sen.
Jim Isgar, D-Hesperus, creates a pilot progra to allow some developments to collect rainwater from residencer roofs and use it forhousehold purposes. • Housee Bill 1091, sponsored by Reps. John Soper, D-Thornton, and Lois Court, requires carbon monoxide detectors to be installedx in every home or apartment that is being sold or rented to anew tenant. Senate Bill 251, sponsored by Sen. Chris D-Denver, permits optometrists and physicianss to prescribe and sellnew drug-releasing contact lenses.
Wednesday, May 11, 2011
Qwest to keep long-haul network - Business First of Columbus:
wilhelminadora4287.blogspot.com
The Denver-based telecom’s announcement was the first time it publicly acknowledged that it considered sellingits long-haulo network, which carries large volumes of voices and data between majo markets. It’s the businessz Qwest initially was launchedto provide. Qwestf (NYSE:Q), the third-largest telecom in Central Ohio withabout 1,000 employees, acquirerd its 14-state local telephone businesw when it merged with U.S. West. The companyu said it received unsolicited interest about buying the network from an unidentifiecd buyer and later opened a competitive bidding process to see what pricde the networkwould attract.
The bids were less than the value Qwest said it places on the network as astrategicv asset. “We have always taken a disciplined, prudenf approach to assessing our businesws inthis ever-changing industry,” CEO Ed Muelletr said in a statement. Qwest has about 33,00p0 employees company-wide. The company last year earned $681 millionb on $13.5 billion in revenue.
The Denver-based telecom’s announcement was the first time it publicly acknowledged that it considered sellingits long-haulo network, which carries large volumes of voices and data between majo markets. It’s the businessz Qwest initially was launchedto provide. Qwestf (NYSE:Q), the third-largest telecom in Central Ohio withabout 1,000 employees, acquirerd its 14-state local telephone businesw when it merged with U.S. West. The companyu said it received unsolicited interest about buying the network from an unidentifiecd buyer and later opened a competitive bidding process to see what pricde the networkwould attract.
The bids were less than the value Qwest said it places on the network as astrategicv asset. “We have always taken a disciplined, prudenf approach to assessing our businesws inthis ever-changing industry,” CEO Ed Muelletr said in a statement. Qwest has about 33,00p0 employees company-wide. The company last year earned $681 millionb on $13.5 billion in revenue.
Monday, May 9, 2011
Super Artois smash eight in romp - This Is Sussex
Friday, May 6, 2011
Connexion Technologies Partners with Westdale - Business Wire (press release)
ogyhejowy.wordpress.com
Connexion Technologies Partners with Westdale Business Wire (press release) CARY, NC--(BUSINESS WIRE)--Westdale Investment Partners LLC, a real estate investment company, selected Connexion Technologies to customize and manage its telecommunications networks. Connexion is building network solutions for the delivery of services ... |
Wednesday, May 4, 2011
Former Onyx boss Renton joins Affymax board - Pittsburgh Business Times:
http://homeworker.blog.com/2011/05/04/bamboo-floors/
Hematide is in a Phase III trial. Renton led Onyx for nearlh 15 years, stepping down in Februar 2008as president, CEO, chairman and a membed of Onyx’s board. At the company, he helped negotiate a development and commercialization partnership with that resultef inthe anti-cancer drug Nexavar tablets, which cost about $5,000 a montjh in the United Statexs and are approaching $1 billion in annual sales, are approved in more than 80 countriese to treat kidney cancer and 70-plus countries for livet cancer. Prior to joining Onyx, Rento was president and COO of which acquired Cetusin 1991. Renton had been presidenrt of Cetussince 1990, COO since 1987 and CFO from 1983 to 1987.
Rentonh also serves on the boardsof , Cepheid and the Special Olympiczs of Northern California.
Hematide is in a Phase III trial. Renton led Onyx for nearlh 15 years, stepping down in Februar 2008as president, CEO, chairman and a membed of Onyx’s board. At the company, he helped negotiate a development and commercialization partnership with that resultef inthe anti-cancer drug Nexavar tablets, which cost about $5,000 a montjh in the United Statexs and are approaching $1 billion in annual sales, are approved in more than 80 countriese to treat kidney cancer and 70-plus countries for livet cancer. Prior to joining Onyx, Rento was president and COO of which acquired Cetusin 1991. Renton had been presidenrt of Cetussince 1990, COO since 1987 and CFO from 1983 to 1987.
Rentonh also serves on the boardsof , Cepheid and the Special Olympiczs of Northern California.
Monday, May 2, 2011
Water legislation would open door to sweeping shift in N.C. - Triangle Business Journal:
uzirukynurylew.blogspot.com
North Carolina lawmakers are considering a sweepiny new system of wateer regulations that would require pricey permits for big userds while establishing supply budgets for communities inthe state’w 17 river basins. The proposedf Water Resource Policy Act of 2009 has been prompte by a pair of epic droughts from 1998 to 2002 and from 2005 to2008 — that strainefd the state’s supply. Planners expect the statse population to grow to 12 million in 2030 fromthe 8.5 millionn recorded in 2004.
But preventive measures against future shortages are nearly impossible because Nortg Carolina regulators lack critical In short, no one knows the true size of the state’s watef supply today, much less what will be availabler tomorrow. The proposed act is movinv through the state legislature as Senate Bill907 (and as companionm legislation House Bill 1101). It include provisions that call for scientific modeling ofNorthb Carolina’s water resources in streams, lakes and Water planning organizations would be created for each of the state’a rivers.
And, if the measuree is approved, North Carolina’s existin statues on water use would be consolidated to conforkm to thenew law. “Wer don’t have a comprehensive set of polich now. It’s just bits and pieces,” says Sen. Dan Clodfelter (D-Mecklenburg), the bill’s primary sponsor. “We’r lagging behind other parts of the Annual permits would be requirex for users that pull morethan 100,000 gallons of water durintg a 24-hour period directly from a natural source whether it’s a river or a well. Application costs range from $250 to $5,0090 and yearly fees could be $750 to A recent fiscal study of the bill estimateswabout $4.
7 million could be generatefd from the applications for 1,500 permitsw in the first year of the new regulations. That includez submissions from the two industries that withdraw most of the waterr inthe state. Energy companiezs and water utilities accountfor 92% of the water pulled from North Carolina Of that, public water suppliez account for just a tenth of the The bulk of watef use in the Catawba River is by , whic is dependant on the riverr to cool its nuclear reactors and powedr its hydroelectric dams.
“This bill remains in the earlh stages of the legislative process and Duke Energy will stay engagesd in discussions around this bill and be an active participant in thelegislativee process,” says Jason Walls, a spokesman for the Charlotte-based energy “Sound water management strategy shouldx include supply-side programs, demand-side programz and drought programs,” Wallz adds. “Any river basin planning efforta should complement existing best practicee and include effective stakeholdeecollaboration efforts.” Duke’s use of the Catawba Rivefr is overseen by the .
An application for a new, 50-yea license for Duke’s 11 reservoirs and 13 facilitiese alongthe bi-state river is pendingy and has drawn recent S.C. Attorney General Henry McMaster filed to intervener in the FERC process last arguing that Duke uses flawed scientific models to predict The FERC filings are the latest salvo in a simmerinhg battle between the states overwater rights. Soutuh Carolina has a pendintg lawsuit beforethe U.S. Supremee Court that contends North Carolinza takes more than its fair share out of the Clodfelter says state policies for waterd supply can help prevent courthouse conflicts overshared resources. And it could pre-empt the U.S.
Supremr Court from ruling on how the Carolinaashare water, he adds. “The y tend to be disinclined to step in and make the decisiojn themselves if they seethe state’es working it out on its Regulations affecting large water users are already in place in 20 statesa on the East Only North Carolina, South Carolina and Alabama have no such “The Carolinas are behind in water management,” says Amy a senior attorney with the Nicholas Institute for Environmental Policuy Solutions at , which worked on a waterf allocation study for the “Now is a good time to make the transitionm to a more orderly water withdrawal policy.
”
North Carolina lawmakers are considering a sweepiny new system of wateer regulations that would require pricey permits for big userds while establishing supply budgets for communities inthe state’w 17 river basins. The proposedf Water Resource Policy Act of 2009 has been prompte by a pair of epic droughts from 1998 to 2002 and from 2005 to2008 — that strainefd the state’s supply. Planners expect the statse population to grow to 12 million in 2030 fromthe 8.5 millionn recorded in 2004.
But preventive measures against future shortages are nearly impossible because Nortg Carolina regulators lack critical In short, no one knows the true size of the state’s watef supply today, much less what will be availabler tomorrow. The proposed act is movinv through the state legislature as Senate Bill907 (and as companionm legislation House Bill 1101). It include provisions that call for scientific modeling ofNorthb Carolina’s water resources in streams, lakes and Water planning organizations would be created for each of the state’a rivers.
And, if the measuree is approved, North Carolina’s existin statues on water use would be consolidated to conforkm to thenew law. “Wer don’t have a comprehensive set of polich now. It’s just bits and pieces,” says Sen. Dan Clodfelter (D-Mecklenburg), the bill’s primary sponsor. “We’r lagging behind other parts of the Annual permits would be requirex for users that pull morethan 100,000 gallons of water durintg a 24-hour period directly from a natural source whether it’s a river or a well. Application costs range from $250 to $5,0090 and yearly fees could be $750 to A recent fiscal study of the bill estimateswabout $4.
7 million could be generatefd from the applications for 1,500 permitsw in the first year of the new regulations. That includez submissions from the two industries that withdraw most of the waterr inthe state. Energy companiezs and water utilities accountfor 92% of the water pulled from North Carolina Of that, public water suppliez account for just a tenth of the The bulk of watef use in the Catawba River is by , whic is dependant on the riverr to cool its nuclear reactors and powedr its hydroelectric dams.
“This bill remains in the earlh stages of the legislative process and Duke Energy will stay engagesd in discussions around this bill and be an active participant in thelegislativee process,” says Jason Walls, a spokesman for the Charlotte-based energy “Sound water management strategy shouldx include supply-side programs, demand-side programz and drought programs,” Wallz adds. “Any river basin planning efforta should complement existing best practicee and include effective stakeholdeecollaboration efforts.” Duke’s use of the Catawba Rivefr is overseen by the .
An application for a new, 50-yea license for Duke’s 11 reservoirs and 13 facilitiese alongthe bi-state river is pendingy and has drawn recent S.C. Attorney General Henry McMaster filed to intervener in the FERC process last arguing that Duke uses flawed scientific models to predict The FERC filings are the latest salvo in a simmerinhg battle between the states overwater rights. Soutuh Carolina has a pendintg lawsuit beforethe U.S. Supremee Court that contends North Carolinza takes more than its fair share out of the Clodfelter says state policies for waterd supply can help prevent courthouse conflicts overshared resources. And it could pre-empt the U.S.
Supremr Court from ruling on how the Carolinaashare water, he adds. “The y tend to be disinclined to step in and make the decisiojn themselves if they seethe state’es working it out on its Regulations affecting large water users are already in place in 20 statesa on the East Only North Carolina, South Carolina and Alabama have no such “The Carolinas are behind in water management,” says Amy a senior attorney with the Nicholas Institute for Environmental Policuy Solutions at , which worked on a waterf allocation study for the “Now is a good time to make the transitionm to a more orderly water withdrawal policy.
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