Conservative Manifesto launch – Right to Buy for 1.3 million families

first_imgHome » News » Housing Market » Conservative Manifesto launch – Right to Buy for 1.3 million families previous nextHousing MarketConservative Manifesto launch – Right to Buy for 1.3 million familiesThe Prime Minister’s latest vote-catcher has a definite sense of déjà vu, but is it a good idea?PROPERTYdrum14th April 20150614 Views Margaret Thatcher did a great deal of good as the UK’s first female Prime Minister, but her Right to Buy initiative wasn’t, (in many people’s view) one of her better ideas. Thousands of council tenants thought it was brilliant and many that bought their homes at super low prices have reaped extensive financial benefit. The big flaw in the Thatcher plan was that the revenues raised from Right to Buy did not always (ever?) go towards replacing the lost housing stock with new council owned properties.However, Mr Cameron clearly sees his new version of the scheme as a vote winner – those tenants in housing association homes could be onto a winner if they vote Conservative. 1.3 million families could do so, at discounts off market prices of up to £102,700 in London and £77,000 across the rest of England, but the Tories say all the properties that are sold will be replaced.“Conservatives have dreamed of building a property-owning democracy for generations,” he said. “The next Conservative Government will extend the right to buy to all housing association tenants in this country. So this generation of Conservatives can proudly say it: the dream of a property owning democracy is alive – and we will fulfill it.”The plan is not complete it seems, but the Government says that the proceeds will fund the construction of 400,000 homes. Let’s hope it does.Not everyone is thrilled and excited by the proposal.JLL UK’s Head of Residential Research, Adam Challis, says The expansion of right-to-buy may be good politics, but represents terrible policy. This is exactly the kind of short-termist thinking that the countries’ 4.7 million households in social housing don’t need, not to mention the same number again of aspiring owners in private renting. Right to Buy benefits a select few while condemning the vast majority to longer waiting lists and fewer choices. At a time when we are building barely half the homes this country needs, we need a Government that is interested in genuine solutions to the housing crisis rather than cheap vote-winners.”And Gavin Smart, deputy chief executive of the Chartered Institute of Housing, said: “Extending right to buy to housing associations is not going to tackle the housing crisis – in fact it could make things worse for people on lower incomes who are already struggling to access a decent home at a price they can afford.”Meanwhile, Shelter is sceptical of replacement home pledges, issuing an infographic on the average ratio of replacements showing the figure of one new home built for every 10 sold.Some guarded positivity from Nick Leeming at Jackson-Stops and Staff, who said, “The property revolution continues and we are delighted to see the right to buy being extended to Housing Associations. Jackson-Stops supports any initiative that enables social housing tenants to buy their own property, provided that the funds realised are reinvested in the sector. But while encouraging the principle of home ownership this should go hand in hand with an active and vibrant lettings market, unencumbered by government legislation and with the ability for landlords and tenants to agree the length of lease.”What do you think? Let us know now: [email protected] PICS: SKY NEWSRight to Buy Conservative Manifesto vote-catcher April 14, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicensed rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021last_img read more

Winkworth returns to franchise expansion in 2017 with six new branches

first_imgWinkworth is back on the franchise network expansion path after a two-year hiatus, the company has revealed with at least six opening this year.This includes one already open for business, two to start up over the next fortnight and a further three to open later in the year including several in South West London.These openings include an existing franchisee from Sway in Hampshire who is preparing to set up shop in Milford-on-Sea, while an existing 22-year-old business in Kingsbury, North London is converting to Winkworth, and due to open next week as well.Also, the company says it youngest franchisee – at 27-year-old – is about to open up shop in Cheltenham after spending several years working at its Dulwich, South London branch. He is Tom Mayfield (pictured, left), who before joining Winkworth worked for Carter Jonas.“We have been concentrating on portfolio management as franchisees retire, and we’ve been dealing with that by selling both within the network, but also outside it,” says business affairs manager Gina Piper.Franchise manager“But now we’ve also hired a new franchise manager, James Campbell (pictured, right), who has a strong lettings background.”Gina says Winkworth has seen increasing share of its revenues coming from lettings – up from 30% a couple of years ago to 48% at the moment.“Letting has become more and more important, particularly when the sales market is a bit slow, as it is now,” says Gina.She also says Winkworth is not worried by the looming letting fees ban after crunching the numbers on where its rental sector revenue comes from.“The extra letting fees that many of our competitors rely on heavily are not part of many of our franchisees businesses, unlike many of our competitors, so I don’t think it will have an overall impact on us,” she says.gina piper james campbell winkworth May 17, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Winkworth returns to franchise expansion in 2017 with six new branches previous nextAgencies & PeopleWinkworth returns to franchise expansion in 2017 with six new branchesCompany says this ends a two-year period of relative quiet as it managed a tranche of retiring franchisees.Nigel Lewis17th May 201701,285 Viewslast_img read more

Commentary: Father’s Day, golf and ‘when I see men taking care of kids”

first_imgBy Michael Leppertwww.michaelleppert.comMy first Father’s Day, as a father, was on June 18, 1995.  We were at my sister’s house in Virginia for some reason that none of us can now recall, and Corey Pavin won the U.S. Open at Shinnecock Hills Golf Club in Southampton, New York. The Open is back at Shinnecock this year, and I will likely see more of Pavin’s final round through replays this week than I actually saw 23 years ago.  My older son will also.  He was only four months old in 1995, and I don’t recall him paying attention to important things on TV just yet.That I am able to fondly remember that day surprises me.  It turns out Father’s Days in America are memorable.Thursday’s episode of The Daily, the New York Times podcast, featured an interview with a woman using the alias “Mariam.”  She is in America as a result of being granted asylum.  She fled the African nation, Burkina Faso, to escape a horrific experience with domestic violence based on a dowry system.Earlier this week, Attorney General Jeff Sessions announced the end of our nation’s rule to grant foreign victims of domestic violence asylum here.  Mariam would have been sent back, if she had arrived at JFK this week instead of two years ago.  Had she arrived with children this week, Sessions would likely have also instructed U.S. Immigration and Customs Enforcement (ICE)  to separate and detain them.When asked in her interview if anything has surprised her during her time in America, Mariam gave an answer that shocked me.  She said the most surprising thing is “when I see men taking care of kids.”I wonder what families in Burkina Faso do to celebrate their nation’s dads.  More importantly, if they don’t take care of the kids, for what reason should they even be celebrated?So, welcome back to Father’s Day in America.Both of my sons were at my house Wednesday night and they will both be here on Sunday.  We will watch a few hours of golf, grill out, take naps, and repeat.  That sounds pretty boring when it is written down like that, but it’s not to me.And it is what my dad would want to do too. If he were still here.Love it or not, there is no denying that golf is time consuming.  Fewer and fewer people are willing to sacrifice four or five hours for a round of golf these days.  I try to keep my game in shape and even I think it just takes too damn much time.Except when time is all you really wanted in the first place.We are a golf family.  I married into a golf family.  My wife is celebrating Father’s Day early by playing golf with her dad and his buddies on Saturday.  They get to spend some quality time together, and he gets to show off his daughter’s superior golf skills to a bunch of has-beens.In the last month, our nation has celebrated its moms, and now its dads.  We honor them as the foundation of family here and we look to them as the primary source for our culture’s progress.  The “breakdown of the family” that my dad used to holler about when I was young, I hear echoed by others almost daily in adult life.  And for myriad reasons.Not all of us are mothers or fathers. I am a dad, though my boys don’t need me most days anymore.  But being a dad has defined my life, and so I need to behave more like a parent even when my kids aren’t around.We all do.A country of parents would never turn Mariam away.  That would not be the solution to the problem her arrival presented.  Not to a parentally-minded country.  Children would not be separated from parents who are desperately bringing their families here to survive.  Especially not as a policy.My dad did not talk about politics much.  He would have talked about this stuff though.  He would have said there is no reason the richest country on the planet should even think about treating other human beings this badly.I can hear his voice, even though he’s gone.Golf will take up most of the day for my family on Sunday.  Let’s face it – it’s a good excuse to waste a day with my boys, and for them to waste one with me. And since neither of them reads my column, it’s a great opportunity for a good long dad-talk about some key differences between what is right and what is wrong.Michael Leppert is a public and governmental affairs consultant in Indianapolis and writes his thoughts about politics, government and anything else that strikes him at LinkEmailSharelast_img read more

Wheat crop in balance

first_imgThe quality and yield for the rest of the UK wheat harvest now depends on the weather during the next two to three weeks, says the Home Grown Cereals Authority (HGCA).The improved weather since the July downpours has meant that 13% of the UK’s harvest is now complete, although it is still too early to tell its quality, said Mike Mendelsohn, an economist at the HGCA. This includes areas in the North West, East Anglia and Essex.British Baker reported that in July bread making wheat prices had hit £174 per tonne. Mendelsohn said that prices had gone up again since then and a bread making wheat delivery to Liverpool last week reached £182 per tonne.”Prices are still going up due to growing concerns and uncertainty. International activity is also taking its toll, as heavy rain in France and Germany has aggravated prices in the UK,” he added.last_img read more

L4LM Staff Picks: Our Favorite Music Festivals Of 2018

first_imgAs the year comes to a close, it’s time to look back at the wild ride that was 2018. For this series of Live For Live Music staff picks, we’ll be reliving many of the glorious musical moments from the past year. Today, we’re revisiting our staff’s favorite music festivals of 2018. Enjoy!L4LM Staff Picks: Our Favorite Albums Of 2018LOCKN’ Festival | Oak Ridge Farm | Arrington, Virginia | 8/23-26, 2018Earning a spot on our list of favorite festivals for the second consecutive year, LOCKN‘ continues to provide fans along the eastern U.S. with one of the best collaborative weekends of music every summer, and 2018 was no exception. LOCKN’ returned to its home at Infinity Downs Farm in the green hills of central Virginia for three unforgettable days and late nights of surprise sit-ins and epic jams on the event’s trademark revolving stage. LOCKN’ founder Pete Shapiro could be seen enjoying some of the performances from the close views of the photo pit with a child-like grin covering his face as band after band appeared on stage throughout that late August weekend to help close summer with an almost nonstop marathon of music.Some of the magical moments from LOCKN’ could easily have been the meme-worthy exchange between Pigeons Playing Ping Pong‘s Greg Ormont and John Mayer, as well as Tedeschi Trucks Band’s soulful tribute to Aretha Franklin, who had passed away just the week prior. In reality, the weekend could not be summed up from just those two. Some of the other exciting moments from this year’s festival included Taj Mahal sharing some of his secret BBQ strategies with the audience, Joe Russo’s Almost Dead filling their late-night Friday set with an abundance of teases, and Dead & Company welcoming Branford Marsalis to help close out what was another big year of stadium concerts for the Grateful Dead cover band. The festival was also with plenty of guest jams and surprise sit-ins, including members of Dead & Company, Tedeschi Trucks Band, and Eric Krasno all joining Lettuce for their Jerry Garcia Band tribute set, Widespread Panic welcoming Americana newcomer Margo Price to help sing a mix of classic rock covers, and Derek Trucks joining Umphrey’s McGee and Jason Bonham‘s Led Zeppelin-themed set. There was also the time when Bob Weir, Mickey Hart, John Mayer, and Billy Kreutzmann well all welcomed to the stage with to join Foundations of Funk in a celebratory set of The Meters‘ 50th Anniversary.Fans were even treated to another surprise in the weeks following LOCKN’ when Relix shared a new podcast interview between Krasno and Mayer which was recorded backstage during the festival.Suwannee Hulaween | Spirit of Suwannee Music Park | Live Oak, Florida | 10/25-28, 2018The northern Florida music festival also earned a spot on our list of favorites for the second year in a row in 2018. The four-day event continues to be one of the premiere Halloween-themed festivals as it welcomed fans back to the Spirit of Suwanee Music Park for a thrilling mix of day, night and late night performances earlier this fall. The 2018 lineup poster showcased a widely diverse selection of artists ranging from the festival’s hosts, The String Cheese Incident, to fan favorites including Odesza, Janelle Monáe, The Revivalists, Vulfpeck, STS9, the return of Jamiroquai, Gramatik, Turkuaz, Yonder Mountain String Band, live band sets from both Break Science and Knower, and many more.This year’s Hulaween began with an Official Pre-Party on Thursday, which featured two sets from both Joe Russo’s Almost Dead and STS9, in addition to performances from Lettuce, The Infamous Stringdusters, Ghost Light, Marco Benevento, Papadosio, and EOTO & Friends, just to name a few.The String Cheese Incident kept their festival tradition of playing all three nights going strong this year with Friday, Saturday, and Sunday performances. Friday evening saw the popular jam band welcome Rayland Baxter to play with them on stage. STI typically puts together a special set full of classic covers on Saturday in accordance o the festival’s costume theme. This year’s theme was “Creatures Of The Galaxy,” which STI customized into “Intergalactic Ladies Night” with their own “Celebrating Women of the Galaxy” performance. The special female-focused set saw STI welcoming out artists including Ann Wilson, Lisa Fischer, Jennifer Hartswick, Rhonda Thomas, and more to help perform songs which were originally written, produced, and recorded by women. They topped that off with a Sunday morning set filled with roots rock and acoustic-based tunes to help ease attendees into the final day of the event.Fans can also click here to read up on what some of the event’s high profile performers had to say about the wild end-of-summer blowout that is Suwanee Hulaween.Sweetwater 420 Fest | Centennial Olympic Park | Atlanta, Georgia | 4/20-22, 2018There may be more legally relaxed cities where fans and cannabis connoisseurs alike could spend the 4/20 weekend, but the Sweetwater 420 Fest has helped establish Atlanta, Georgia as one of the headier destinations for the hemp-friendly holiday every spring. It also helps when the festival boasts a lineup like they did in 2018 which featured The String Cheese Incident, Umphrey’s McGee, Tedeschi Trucks Band, Sturgill Simpson, Vulfpeck, Joe Russo’s Almost Dead, Greensky Bluegrass, The Motet, The Record Company, The Infamous Stringdusters, Brandon “TAZ” Niederauer, Marco Benevento, Southern Avenue, and many more.As the festival’s honorary Artist-At-Large, Brandon “TAZ” Niederauer was seen and heard throughout the entire weekend as he was welcomed out for not just one, but numerous sit-ins. The young guitarist was invited to play with both Tedeschi Trucks Band and String Cheese Incident on day one, giving the emerging virtuoso plenty of chances to show off those amazing abilities of his. Some of the other early weekend highlights also included Joe Russo’s Almost Dead providing attendees with two powerhouse afternoon sets of Grateful Dead covers on Saturday, while String Cheese Incident welcomed singer Rhonda Thomas to help them cover Jamiroquai‘s “Space Cowboy”. A box of rain emptied onto Atlanta during the event’s final day Sunday, but that didn’t stop audiences from moving and grooving to performances from Sister Sparrow & The Dirty Birds, Vulfpeck, Papadosio, Umphrey’s McGee, and Greensky Bluegrass, with the latter once again welcoming Niederauer to help them cover The Allman Brothers‘ “Midnight Rider”.One of the other added bonuses from this year’s Sweetwater 420 Fest included a free webcast for many of the performances throughout the weekend for fans across the country to enjoy from their couch. Festival organizers also introduced their new “4:19 Auctions” this year, which would go to benefit an assortment of various charities chosen by the artists performing.The Peach Festival | Montage Mountain Resort | Scranton, Pennsylvania | 7/19-22, 2018The Peach Festival returned to Scranton, Pennsylvania’s Montage Mountain Resort for its seventh year this past summer since being co-founded by The Allman Brothers back in 2010. The mid-summer weekend event took place on July 19th-22nd, and welcomed jam fans into the northern Appalachian mountains for headlining performances from Phil Lesh & The Terrapin Family Band, Joe Russo’s Almost Dead, and Gov’t Mule, who performed one of their two sets as their Pink Floyd-inspired Dark Side of the Mule alter-ego during one of the many impressive “After Midnight” performances. The four-day jam festival also featured daily performances from moe., a morning set from Warren Haynes on Sunday, Chris Robinson Brotherhood, Pigeons Playing Ping Pong, Devon Allman Project featuring Duane Betts, Aqueous, Organ Freeman, and many more.Some of the highlight moments at The Peach this past summer included an opening night performance from Pigeons Playing Ping Pong with some sit-in assistance courtesy of emerging southern rock guitarist Marcus King and The Royal Horns on Thursday. Aqueous also gave brass-loving attendees a nice surprise when they too invited out some the Turkuaz horn players to join them in covering the Huey Lewis and the News hit, “Power of Love”.The weekend would go on to close as strongly as it began with Oteil Burbridge jamming away with a mix of friends with multiple sets throughout the day on Sunday, including JRAD guitarist Scott Metzger, Further members John Kadlecik and Jay Lane, Alfreda Gerald, Weedie Braimah, and Melvin Seals, just to name a few. The final day of the festival also featured Allman Brothers Band co-founder Dickey Betts returning from retirement in 2018 to help close out the event with a mix of ABB covers and solo originals including “Whipping Post”, “Ramblin’ Man”, and “Jessica” over an impressive 70-minute set.High Sierra Music Festival | Plumas County Fairgrounds | East Quincy, California | 7/5-8, 2018The High Sierra Music Festival has taken place for 28 years and running with its return to California’s Plumas County Fairgrounds over four nights during the weekend following Independence Day in early July. Festival organizers began by announcing the first wave of artists in early February, which included The String Cheese Incident, Sturgill Simpson, Lettuce, The Wood Brothers, Turkuaz, Lotus, Hippo Campus, Twiddle, Lebo & Friends, and The Barr Brothers. They followed that up the next month with the addition of artists including Grace Potter, Chris Robinson Brotherhood, Foundation of Funk, Billy Strings, The Nth Power performing a tribute set to Bob Marley, Ghost Light, emerging psych-electro outfit Russ Liquid Test, and New Orleans Suspects.Some of the non-musical elements including campsite parades, yoga sessions, acoustic songwriter sessions, beer and wine tastings, and sunrise kickball also helped to make High Sierra one of our favorite destination events of the summer.The festival continued its tradition of scheduling late night sets held in the High Sierra Music Hall, Vaudeville Tent, and Funk’n Jamhouse, which all gave attendees more performances continuing well into the early morning hours on Friday and throughout the weekend. Sturgill Simpson was one of the weekend’s top non-jam highlights, in addition to the numerous sit-ins from saxophonist Skerik during performances from Delvon Lamarr Organ Trio, and George Porter Jr. and Zigaboo Modeliste‘s Foundation of Funk tribute to The Meters. Needless to say, fans were treated to a long weekend’s worth of musical highlights that continued to place High Sierra among the top music festivals in the western U.S.Honorable mentions, based off the results from our recent reader poll, include Domefest (way to show up, Flock), Summer Camp Music Festival, Jam Cruise, New Orleans Jazz & Heritage Festival, Holidaze, Brooklyn Comes Alive, and Levitate Music Festival.last_img read more

FiberMark announces reorganization, third quarter results

first_img$(14.57) Selling, generaland administrativeexpenses 10,943 Restructuring andfacility closureexpense (reversal) (209) Nine-Month Results For the nine months ended September 30, 2004, the company reported a net loss of$20.9 million compared with a net loss of $116.9 million in the same 2003 period. Thesmaller loss was primarily attributable to the lack in 2004 of goodwill impairment, whichaccounted for $92.3 million of the 2003 loss; the lack in 2004 of any restructuring/facilityclosure expense ($1.7 million in 2003); and lower interest expense, primarily due to thecessation of interest expense accruals on the senior notes beginning at the time of thecompany’s chapter 11 filing ($16.0 million); and higher income from operations of $4.8million reflecting higher gross margins, partially offset by $20.4 million of chapter 11reorganization expenses and increased selling, general and administrative expenses. Net sales for the nine months ended September 30, 2004, were $331.2 millioncompared with $304.1 million in the same 2003 period, an increase of $27.1 million or8.9%. Favorable foreign currency rates increased year-to-date 2004 sales by $16.0million compared with 2003. Net of currency effects, current year net sales increased by$11.1 million, or 3.7% versus last year. Net sales from German operations in the nine months ended September 30, 2004,were $156.1 million compared with $139.9 million in the same prior-year period, anincrease of $16.2 million or 11.6%. Excluding favorable foreign currency effects, whichaccounted for $14.6 million in sales for the nine-month period in 2004 compared withthe same prior-year period, sales from German operations increased by $1.6 million or1.1%. Net sales from North American operations were $175.1 million in the first ninemonths of 2004 compared with $164.1 million in the same prior-year period, anincrease of $11.0 million or 6.7%. Favorable foreign exchange effects accounted for$1.4 million of the increase. Liquidity The company continues to have adequate liquidity and access to working capital tomeet its operational needs and maintain normal operations. As of September 30, 2004,FiberMark’s cash position was $0.9 million worldwide. Between March 30 andSeptember 30 of this year, the company funded its operations entirely with cash onhand and cash flow from operations and did not draw down any of its $30 milliondebtor-in-possession (DIP) credit facility. The DIP facility continues to be available asneeded during the chapter 11 process to help fund North American operations. Germanoperations, which were not included in the company’s chapter 11 filing, had $12.7million of outstanding borrowings at September 30, 2004, on their revolving creditfacilities, compared with $16.4 million as of June 30, 2004. FiberMark’s total pro-formaunused borrowing capacity as of the end of the third quarter was $40.0 million. Capitalexpenditures were $3.4 million in the third quarter and $8.9 million for the first ninemonths of 2004. FiberMark, headquartered in Brattleboro, Vt., is a leading producer of specialtyfiber-based materials meeting industrial and consumer needs worldwide, operating 11facilities in the eastern United States and Europe. Products include filter media fortransportation and vacuum cleaner bags; base materials for specialty tapes, electricaland graphic arts applications; wallpaper, building materials and sandpaper; andcover/decorative materials for office and school supplies, publishing, printing andpremium packaging. This document also contains forward-looking statements. Actual results may differdepending on the economy and other risk factors discussed in the company’s Forms10-K as filed with the SEC on March 30, 2004, which is accessible on the company’sWeb site at is external) . A copy of the company’s proposed Plan ofReorganization and accompanying Disclosure Statement are also available onFiberMark’s Web site. (tables follow) Condensed Consolidated Statements of Operations 9,805 7,066 – BRATTLEBORO, Vt.—November 15, 2004—FiberMark, Inc. (OTCBB: FMKIQ) todayannounced that it has filed a Plan of Reorganization and Disclosure Statement with theUnited States Bankruptcy Court for the District of Vermont. FiberMark’s Plan includesnegotiated terms that FiberMark expects to result in a consensual reorganizationamong the company and the official committee of FiberMark’s unsecured creditors. “The filing of our reorganization plan represents a key milestone on FiberMark’s path toemergence from chapter 11 and marks the commencement of the final phase of thecompany’s financial restructuring,” said Alex Kwader, chairman of the board and chiefexecutive officer. “We believe that the Plan provides the framework for a successful financialreorganization that will allow FiberMark to emerge in the first quarter of 2005 as astronger company. We especially want to thank our customers, vendors, employeesand lenders for their continued support, which is reflected in our improved third-quarterand nine-month results.” Before FiberMark’s Plan of Reorganization is voted on by creditors and considered forconfirmation by the Bankruptcy Court, the Disclosure Statement must be approved bythe Bankruptcy Court. While the Plan of Reorganization and Disclosure Statement asfiled detail the classes of creditors and equity holders and their proposed treatmentunder the Plan, the Plan is likely to receive further modification before the DisclosureStatement is approved, and actual recoveries by stakeholders may vary from thetreatment outlined in the Plan. A hearing to address the Disclosure Statement is nowscheduled for December 14. Separately, FiberMark today reported its financial results for the 2004 third quarter,which included a net loss of $4.7 million, or $0.66 per share, for the three monthsended September 30, 2004, compared with a net loss of $102.9 million, or $14.57 pershare, for the same 2003 quarter, which had reflected a $92.3 million goodwillimpairment charge. Third-quarter 2004 results also reflected two significant itemsrelated to the company’s voluntary chapter 11 filing. First, interest expense declined by$8.2 million, reflecting the cessation of interest expense accruals on the company’ssenior notes, beginning in April 2004, following the company’s chapter 11 filing onMarch 30, 2004. Second, third-quarter results included $6.5 million in chapter 11reorganization expenses, of which $5.8 million were cash expenditures. Net sales in the third quarter of 2004 were $107.7 million compared with $93.8 millionfor the same quarter in 2003, an increase of $13.9 million or 14.8%. Currencytranslation accounted for $4.3 million of the third-quarter 2004 sales increase. Net ofcurrency effects, current quarter net sales increased by $9.6 million or 10.2% versusthe prior-year quarter. Sales from German operations in the third quarter of 2004 were $47.9 million comparedwith $42.2 million in the prior-year quarter, an increase of $5.7 million or 13.5%.Excluding the translation effects of a stronger euro, which accounted for $3.9 million insales for the 2004 third quarter compared with the prior-year quarter, sales fromGerman operations grew by $1.8 million, or 4.3%. Third-quarter 2004 net sales fromNorth American operations were $59.8 million compared with $51.5 million in theprior-year quarter, an increase of $8.3 million or 16.1%. Favorable foreign exchangerates accounted for $0.4 million of the increase. According to Kwader, the substantially reduced loss compared with the 2003 thirdquarter was primarily attributable to the following factors: the lack of the $92.3 milliongoodwill impairment charge recorded in 2003; a decline in interest expense of $8.2million; and a $1.8 million increase in income from operations. Operating income gainsreflected higher gross margins as operating efficiencies improved, lower fixed costsrelated to facility consolidations, and foreign currency benefits, partially offset byincreases in pulp costs, maintenance and supply expenses, and selling, general andadministrative expenses. “We again delivered higher operating income in our Germanoperations and substantially lowered the operating loss in our North Americanoperations versus the same period last year,” Kwader said. Overall, sales in the 2004 third quarter improved versus the third quarter of 2003.”Sales from both our German and North American operations were higher than theprior-year quarter. German operations achieved gains in most businesses, butparticularly in automotive filtration, partially offset by continued weakness in vacuumbag filtration,” Kwader said. “North American operations sales improved across all ofour primary product families versus 2003, reflecting both economic improvement andnew business gains. We recorded gains in publishing and packaging driven by a lateand strengthening elementary/high school textbook market and market share gains indecorative packaging. However, the largest gains came from a recovery in our technicalspecialties markets.” In the third quarter of 2004, earnings before interest, taxes, depreciation, amortization,goodwill impairment and chapter 11 reorganization expenses (EBITDAR) improvedfrom $4.1 million in the prior-year quarter to $9.0 million, largely reflecting strongersales levels, operational productivity improvements, benefits of 2003 plant closures andforeign exchange benefits, partially offset by higher pulp costs. FiberMark believes thatsuch non-GAAP financial information assists investors and others by providing financialinformation in a format that presents comparable financial trends of ongoing businessactivities. Income (loss) fromoperations 4,631 FiberMark – Specialty Fiber-based Materialsp{ margin-top: 0px; margin-bottom: 1px}table{ border-collapse: collapse; border-spacing: 0pt; border-color: black; empty-cells: show; font-family: “Arial”, sans-serif; font-size: 12pt; font-weight: normal; font-style: normal}td{ border-color: black}td.table1column1{ padding-left: 0in; padding-right: 0in}hr{ height: 0.0125in; background-color: black}td.table5column1{ padding-left: 0in; padding-right: 0in}td.table5column2{ padding-left: 0in; padding-right: 0in}td.table5column3{ padding-left: 0in; padding-right: 0in}td.table5column4{ padding-left: 0in; padding-right: 0in}td.table5column5{ padding-left: 0in; padding-right: 0in}td.table5column6{ padding-left: 0in; padding-right: 0in}td.table5column7{ padding-left: 0in; padding-right: 0in}td.table6column1{ padding-left: 0in; padding-right: 0in}body{ font-family: “Arial”, sans-serif; font-size: 12pt; font-weight: normal; font-style: normal} (In thousands, except per share amounts) Net sales $107,748 2003 Three Months Ended September 30, 2004 and 2003 81,371 1,682 12,406 Cost of sales 92,383 FIBERMARK, INC. (91,342) (100,714) 8,723 Loss beforeincome taxes (2,409) Income taxexpense 2,248center_img Weighted averagediluted sharesoutstanding 7,066 Diluted loss pershare $(0.66) Basic loss pershare $(0.66) Other expense, net 225 75 What’s New       Events Calendar       Recent Press Release       Press ReleaseArchives         FIBERMARK, INC. FILES PLAN OF REORGANIZATION, ACHIEVING MILESTONE TOWARD EMERGENCE FROM CHAPTER 11 AND REPORTS THIRD-QUARTER 2004 RESULTS $93,777 Reorganizationexpense 6,477 Foreign exchangetransaction (gain)loss (211) Goodwillimpairment – Gross profit 15,365 Weighted averagebasic sharesoutstanding 7,066 2,223 Unaudited 92,261 $(14.57) 574 2004 Net loss $(4,657) $(102,937) Interest expense,net (excludingpost-petitioncontractual interestof $8,525 in 2004) 549 “We achieved gains in both sales and operating income compared with the prior-yearquarter,” Kwader added. “With the loyalty and support of our customers, vendors andemployees, we have made significant progress toward completing our financialreorganization and positioning FiberMark for long-term strength and success. As ourcustomers and vendors know, we have met our service and financial obligations toeach of them, and we will continue to do so.” 7,066last_img read more

From Queen To Bisbal And Shakira, The World Cup Continues To Expand Its Soundtrack

first_imgBy Dialogo June 04, 2010 Music has been closely linked to recent editions of the soccer World Cup, whether through recourse to classics like Queen’s “We Are the Champions,” heard at recent final matches, or in 2010 with Latin stars like David Bisbal and Shakira. The Andalusian singer has been chosen to perform the Spanish-language version of “Wavin’ Flags,” which will be sung in English by Somali artist K’naan, while the Colombian performer will interpret the song “Waka Waka” [This Time for Africa], along with the South African group Freshlyground. Shakira will be interpreting the World Cup’s official theme song, while Bisbal will be responsible for a version commissioned by an important sponsor of the event. “I was in Mexico when the record company called me to tell me that I had been chosen to make the Spanish-language version for Latinos. At that moment, I jumped for happiness, for joy. It’s a huge opportunity,” Bisbal commented to AFP. The fashion for songs released parallel to the tournament started to attain great popularity at the 1966 World Cup in England with “World-Cup Willie,” although more recent songs have been the ones that have achieved greater international success. The World Cup in Italy in 1990 heard “Un estate italiana” [An Italian Summer], by Edoardo Bennato and Gianna Nannini, while “Gloryland,” by Daryl Hall & Sounds of Blackness, was the choice in the United States in 1994, and “La copa de la vida” [The Cup of Life] was the success that accompanied the tournament in France in 1998, with the voice of Puerto Rican singer Ricky Martin. The decision to opt for international stars continued at the World Cup held in South Korea and Japan in 2002, when American artist Anastacia interpreted “Boom,” the official song, which was accompanied by a hymn composed by Vangelis. In Germany in 2006, it was the turn of “The Time of Our Lives,” with Toni Braxton and the quartet Il Divo. For South Africa, the organizers have also planned a number of performances that will contribute to providing an exceptional soundtrack for the event, with a concert to be held in Soweto the night before the tournament opens on 11 June with the inaugural match between South Africa and Mexico. Among the performers will be Alicia Keys, Black Eyed Peas, and Colombian artists Juanes – who will introduce his new single “Yerbatero” [Herbalist] – and Shakira, in addition to various African musicians.last_img read more

Suffolk OKs Seizing Hit-and-run Vehicles

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Suffolk County legislators unanimously approved Tuesday a bill that allows authorities to seize vehicles used by convicted hit-and-run drivers to buttress a New York State proposal to increase sentencing for such crimes.The county legislation would also allow authorities to seize vehicles owned by people other than the driver when the car or truck is used to flee the scene of a crash that left a victim seriously injured or dead if the owner knowingly tried to cover-up the incident.“Too many lives have been lost, and while we can’t change what has happened, we can do everything within our power to prevent these tragedies from happening again,” said Legis. Kate Browning (WF-Shirley), chair of the public safety committee.Authorities similarly seize vehicles owned by felony drunken-driving suspects. Browning cited Suffolk County police statistics showing that there were 5,555 hit-and-run crashes last year, 11 of which resulted in fatalities.Suffolk County District Attorney Tom Spota urged the legislature to pass the bill before the vote. He also urged lawmakers to lobby the state Assembly to pass a bill that would increase the sentences for hit-and-run convicts—a proposal that has already passed the state Senate.“Drivers who leave the scene of an accident and are arrested later, face lesser criminal charges than they would if they were caught at the scene—especially if the offender was driving drunk or while under the influence of drugs,” Spota said.The state bill would increase the prison sentence to 7 years to 15 years from the current 2 1/3 to 7 year maximum sentence for those convicted at trial of a hit-and-run crash.Spota and Browning both cited the case of repeat-felon Preston Mimms, 48, of Mastic, who was sentenced to 1 1/3 to 4 years in January after pleading guilty to killing 24-year-old Erika Hughes while she was walking to her Shirley home on July, 29 2011.After he was apprehended nine months after the fatality, investigators found that Mimms was driving with a suspended license but were unable to prove if he was intoxicated or speeding at the time.The hit-and-run vehicle seizure law now goes to County Executive Steve Bellone for signing and would take effect immediately.last_img read more

Business summit panelists stress practicality to slow flu spread

first_img “There are detectable levels at the tail end of infection,” he said, “but it is not very transmissible.” Another CDC policy that was deemed reasonable by the panel was the recommendation to allow people to remain at work when they have sick family members. The important thing, according to CIDRAP Medical Director Kristine Moore, MD, MPH, is to continually balance limiting transmission and being reasonable about letting work continue. The 2-day conference, “Keeping the World Working during the H1N1 Pandemic: Protecting Employee Health, Critical Operations, and Customer Relations,” is sponsored by the Center for Infectious Disease Research and Policy (CIDRAP) at the University of Minnesota and wraps up today. In terms of providing a good health check to monitor their employees’ health, Druckman emphasized that no perfect solution exits. Rather, he stressed the importance of establishing a proportional plan or one that is targeted to a very specific situation. “This goes way beyond any support from the evidence,” he said. Sept 23, 2009 (CIDRAP News) – To mask or not to mask, hand washing versus hand sanitizers, how long to stay away from the workplace if sick with novel H1N1 influenza, tips for travel—these were some of the issues addressed in a panel discussion yesterday during a business preparedness summit in Minneapolis. A more controversial prevention tool is wearing masks or respirators. “A religious war goes on between face mask people and respiratory people,” said Merlin, “and it will go on for awhile.” Merlin, deputy director of the CDC’s Influenza Coordination Unit, said that, although the virus can be shed at low levels for 7 to 10 days after onset of symptoms, transmission is much more likely when viral shedding is high, within the first day or so after symptom onset. Despite the controversy in the United States about masks, Druckman pointed out the need to recognize culture differences and cited the prevalence of masks worn by people in Asian countries, as well as in Mexico during the spring wave of the H1N1 outbreak. In providing employers answers to vexing questions about preventing transmission of the H1N1 virus in the workplace, the panel emphasized scientifically grounded yet practical responses. According to Merlin, loose-fitting surgical masks provide a barrier over the nose and mouth and prevent a person from touching the nose and mouth and transferring the virus that way, but they do not reliably filter out small particles. As such, they are not considered needed in the general population. The only recommendation by the CDC is the use of a face-fitted N-95 respirator for healthcare workers who work with patients who have influenza and may transmit the virus, he said. Companies, he said, need to provide tools to their employees for handling a number of issues that may arise. Challenges not only include the actual health risks in other parts of the world, but the possibility that employees who travel may be stranded or quarantined in another country. Another issue is how to handle people who are re-entering the workplace after returning from traveling to a potential outbreak region.center_img Depending on circumstances, he said, answering a health questionnaire may be enough to satisfy safety concerns, whereas in a more severe situation, temperature screening may be necessary. Merlin agreed. “Perception clearly drives a lot of decision making,” he said. Underlying all of this is the need for the company to be perceived as doing something to safeguard its employees. “It is a bit like security in an office building,” he said. It is important that global companies have a consistent message for all of their employees who travel, he emphasized. Merlin summed up simple behaviors that, taken together, can provide a strong chance for prevention. “None of the interventions are perfect. But a reasonable policy of sick people staying at home, reasonable advice on hand and cough hygiene, a vaccination policy, and good education, you end up with a combination quite powerful.” Addressing whether guidance from the Centers for Disease Control and Prevention (CDC) that people sick with the H1N1 flu should stay out of the workplace until 24 hours after their fever has passed without medication use still holds true in light of recent reports that people can shed the virus up to 10 days, the CDC’s Toby Merlin, MD, said it does. For people at high risk of developing complications from infection of the virus, such as pregnant women, educating them about the importance of symptom recognition and quick action with a consultation with a physician and antiviral therapy is particularly critical. “The most important thing is educating people and helping people understand what the symptoms are and how it is transmitted, so as soon as they develop symptoms, it is their responsibility to take themselves out of the workplace,” said Moore. “There is a slippery slope problem when it comes to masks,” said Merlin, adding that the recommendation by the CDC for the use of a respirator in a particular circumstance has led some people to think that respirators are needed for other situations as well, say for a bus driver who comes in contact with the public. Nuts and bolts of preventionAmong the simple steps people can take to prevent transmission are washing hands or using hand sanitizers, according to the panel. Moore emphasized that both are good options, but with the caveat that hand washing requires at least 20 seconds of washing and not a simple water splash and that hand sanitizers work best on hands that are not physically dirty. Tips for travelFor Myles Druckman, MD, vice president of medical services for the Americas region with International SOS Assistance, the initial outbreak of novel H1N1 in Mexico in April brought to the forefront travel health and issues involved in managing a global workforce.last_img read more

Promotional video “Ambassadors of Croatian Tourism” named the world’s best promotional video for 2017

first_imgPromotional video of the Croatian National Tourist Board “Ambassadors of Croatian tourism“, Which in a short time achieved multimillion viewership in foreign emitting markets, by the decision of the American expert and representative jury Citizine Networks i National Association of Broadcasters (NAB), won the prestigious award “Travel Video Awards”In category”Best Video by a Tourism Organization”.Also, in addition to the expert jury, the promotional video was recognized by the audience, which in the online voting declared the Croatian promotional tourist video the best tourist promotional video for 2017. Otherwise, “Citizen’s Travel Video Awards“Is an organization founded by independent filmmakers and brands from around the world that rewards innovative and inspiring independent as well as branded videos.The awards ceremony was held in the center of Las Vegas, in the House of Blues, and the recognition was personally taken over by the director of the Croatian Tourist Board Kristjan Staničić by Philip DeBevoise, founder and President of the Board of “With great joy and pride we received the news about the candidacy of our promotional video in the category for the best video of a tourist organization, and the won award for us represents great joy and satisfaction. This is a confirmation that in the Croatian National Tourist Board, together with partners, we create top promotional content that is internationally recognized and accepted by the profession, but also by many travel enthusiasts around the world., said director Stanicic.The CNTB points out that the awards were given in total 9 categories within which more than 360 of submitted projects, and each category had four finalists. CNTB promotional video won in the category for the best promotional video of a tourist organization for which they even arrived 44 applications, while promotional videos were shortlisted Croatia, Peru, Colombia and Jordan.Promotional video “Ambassadors of Croatian tourism“Filmed in various recognizable locations in Croatia and it was attended by 10 famous and famous people from the world of sports and art, among whom are Luka Modrić, Иван Ракитић, Mario Mandžukić, Mateo Kovačić, Dejan Lovren, Dario Šarić, Marin Čilić, 2Cellos, Максим Мрвица, and Zrinka Cvitešić. With this promotional work, Croatia is additionally positioned on the international market through famous and successful personalities, and in addition to well-known Croatian destinations, the video also promotes other forms of Croatian tourist offer, such as cultural and historical heritage, eno-gastronomy, active vacation, nautical, natural beauty and other segments. Croatian tourism.</p>
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