£125 million Regal Tower gets go ahead

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Bridgestone CFO Appointed To Federal Reserve Bank Board

first_imgFrom Tire ReviewAdvertisementClick Here to Read MoreAdvertisement Mathis was appointed by the Federal Reserve board of governors in Washington, D.C., to fill an unexpired term ending Dec. 31. Amanda Mathis, chief financial officer (CFO) of Bridgestone Americas Inc., has been appointed to the board of directors of the Federal Reserve Bank of Atlanta’s Nashville Branch. Prior to joining Bridgestone, Mathis held several positions with YUM! Brands in investor relations and as CFO of the A&W Restaurant and Long John Silver divisions, among other various roles. Mathis has a bachelor’s degree in business administration from Emory University.center_img Mathis has served in her current position since 2016 and is responsible for overseeing all strategic aspects of finance, accounting, financial shared services, financial reporting, cash flow and debt management. Mathis joined Bridgestone Americas in 2012 and previously served as controller and vice president, finance. Federal Reserve Bank of Atlanta branch directors provide economic information from their industries and the branch territory to the district bank’s president and head office directors, who use the information in discussing monetary policy options and making discount rate recommendations. The board of governors appoints three of the Nashville Branch directors, and the Atlanta head office directors appoint four.last_img read more

Taiyo Nippon Sanso accelerates group restructuring

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Read of the Week

first_imgWhen Breath Becomes AirPaul KalanithiThe Bodley HeadReview: Chantel ErfortThere’s nothing quite as sad as reading a book, knowing from the get-go, that the main protagonist is going to die.But before you get upset with me for revealing this, don’t worry: it doesn’t ruin one word of the story. Instead, it makes every moment spent reading this book, all the more special, with the reader being given an intimate look into a life coming to an end. And as the writer opts to focus on life instead of his impending death, so too, does he lure the reader away from obsessing over whether his death will come on this page, or the next, or the next.The protagonist in question is the writer himself, Paul Kalanithi, a brilliant young neurosurgery specialist in the final years of his residency, who penned When Breath Becomes Air in the final years of his life.Paul was in his prime as a medical professional, young, married and in love, when he was diagnosed with terminal cancer.As skilled with the English language as he was with his medical instruments, Paul tells a deeply touching tale of a doctor who suddenly finds the shoe on the other foot, having to learn to be patient – and a patient – and to entrust decisions no man should have to make about his own life, to his doctor.Having recently had someone close to me undergo several neurosurgical procedures, I have found myself seeking out books on the topic, hungry to understand how so much can go wrong when the brain is affected – and what drives the men and women who specialise in a kind of surgery so delicate. While in Do No Harm, David Marsh, a surgeon at the end of his career, was able to look back at his younger self with a sense of confidence and critically assess the mistakes he had made, Paul writes with the passion and urgency of a young doctor pursuing his life’s dream with the acute knowledge that it may soon escape his grasp.He writes with tenderness about his relationship with his wife Lucy, with the relationship between them almost taking on a life of its own and becoming a character in its own right.A scholar of both literature and medicine, Paul’s reflections on his illness and neurosurgery are philosophical and insightful.When Breath Becomes Air is beautifully written, uncluttered by dramatic descriptions of, or unnecessary build-ups to, life-changing events. Paul’s writing is sincere and his style of storytelling, gentle. And when he finally slipped away, though the moment was understated, I truly felt sad but all the richer for having read this remarkable man’s reflections on death and the true meaning of life.last_img read more

Debate over in-state tuition for students in US illegally

first_img SHARE Do you see a typo or an error? Let us know. Published: April 8, 2017 9:43 AM EDT Debate over in-state tuition for students in US illegally center_img (AP) Twenty states already offer cheaper in-state college tuition to students who are in the United States illegally. Legislation making its way through the Tennessee Legislature would make that state the 21st.Supporters in states where the tuition benefit is available say the policy has boosted Latino enrollment and has helped these students contribute to the economy. Opponents say the policy wrongly rewards immigrants who entered the country illegally.The debate has been revived in some states as President Donald Trump pursues tougher immigration policies.Some things to know about the issue:THE TENNESSEE PROPOSALUnder Tennessee’s current rules, immigrants who are in the country illegally are typically required to pay out-of-state tuition prices that can cost three times more than in-state prices. The Tuition Opportunity Bill would allow these students to pay the cheaper price if they attended a Tennessee high school for the two years immediately before graduating, earned a high-school diploma or equivalent certificate in the state, and have been accepted to a public college or university. It was proposed by Sen. Todd Gardenhire, a Republican from Chattanooga who argues that immigrants with college degrees will earn higher incomes and pay higher taxes, among other benefits. “The key to a lot of problems we have is education,” he said. Opponents worry that the bill would draw large numbers of immigrants to the state and become a financial burden to taxpayers. Gardenhire proposed a similar bill two years ago that failed by a single vote in the House.___OTHER STATESSixteen other states have passed laws granting in-state tuition to students who are in the United States illegally, and university systems in four others have offered the benefit on their own, according to the National Conference of State Legislatures. Texas was the first when it passed a law in 2001, and Florida was the latest, approving a law in 2014.States began adopting the policy in response to a 1996 federal law that bars such immigrants from getting college benefits that aren’t offered to all U.S. citizens. To comply with the law, states established criteria to be eligible for in-state tuition regardless of immigration status. Five states, including Texas, California and Washington, went a step further and offered financial assistance to immigrants here illegally. Conversely, six other states have barred immigrants in the country illegally from in-state tuition. Some other states have sought middle ground, offering in-state tuition to those who were granted temporary protection from deportation by President Barack Obama’s Deferred Action for Childhood Arrivals policy, which aims to help those who were brought to the country as children.___THE POLITICSAt first glance, Tennessee might seem like an unlikely state to adopt the policy. It’s a conservative state that voted heavily for Trump, who is working to clamp down on immigration and previously promised to end Obama’s protections for those who came to the United States as children. But experts say the idea has been accepted by states at both ends of the political spectrum, including New York and California but also Oklahoma and Nebraska.“Investing in students makes sense both from a fiscal perspective and from a human perspective,” said Tanya Broder, senior attorney for the National Immigration Law Center.Gardenhire, the Tennessee state senator, says it doesn’t make sense to punish students who were brought here by their parents.Still, some states have revived a debate over the policy in recent months. Republican lawmakers in Texas and Florida have proposed bills to repeal in-state tuition for students who are in the country illegally, while state attorneys in Arizona have asked a state court to block colleges from offering the benefit. “It is an issue that’s perennially debated,” said Randy Capps, director of research for U.S. programs at the Migration Policy Institute. “It’s close in a lot of states, just like it has been close in the Tennessee.”___WHAT SUPPORTERS SAYSupporters say the policy offers a social good along with financial benefits. In states that passed the law, college enrollment rates among college-age Mexican noncitizens increased by 4 percentage points, from about 19 percent to 23 percent, according to recent research at the University of Maryland Baltimore County. Graduation rates among those students increased similarly. Graduation rates among those students increased similarly. “It’s opened up higher education to a new group that otherwise wouldn’t get in,” Capps said. Enrollment growth has been even higher in states that offered student financial aid. Experts say even the lower in-state tuition costs can be too much for immigrants here illegally — who are not eligible for federal financial aid.In Texas, the number of students granted in-state tuition under the law grew from 393 in 2001 to nearly 25,000 in 2015, according to state data. In Washington, the number grew from 25 to 1,500 students in a similar span, mostly enrolled at community colleges. In both cases that’s about 1 percent of the state’s total college enrollment. “It’s money well spent, because the students go back into the economy and pay taxes and participate like everyone else,” said Stella Flores, an associate professor of higher education at New York University who has researched the topic.___WHAT OPPONENTS SAYThe policy can also bring costs. Past efforts to repeal the Texas law have focused on increased spending, with one state analysis predicting the cost would grow to $100 million by 2020. The cost to state and local governments in Maryland is estimated to be $7.2 million a year, although researchers at the University of Maryland say the long-term benefits are greater. “In most estimates the additional tax revenues to the state significantly outweighs the initial cost,” said Tim Gindling, an economics professor behind the research.Opponents in some states argue that the law takes college seats away from U.S. citizens and makes their state a magnet for immigrants. Conservative groups also allege the policy violates the 1996 federal law limiting benefits for immigrants who came here illegally. In a 2011 report, the Heritage Foundation criticized the Obama administration for refusing to sue states that “are incontrovertibly and brazenly violating an unambiguous federal immigration law.”___NEXT STEPSThe proposal in Tennessee has been passed by two lawmaker panels and is scheduled to be considered by a third on Tuesday. It still faces several hurdles, but has drawn support from Republicans, including Gov. Bill Haslam.In many states, uncertainty over the future of Obama’s DACA program has worried immigrants. Students who qualify for in-state tuition because of their DACA status could lose that benefit if Trump repeals the program. Some schools including Arizona State University have said they will find financial help for students if the program is eliminated. Author: Associated Press last_img read more

Lasting powers of attorney applications go on web

first_imgAn online tool designed to eliminate errors in the application process for lasting powers of attorney (LPA) has gone live today. Currently, almost a fifth of applications received by the Office of the Public Guardian (OPG), which manages the LPA scheme, contain mistakes. An LPA is a legal document allowing the applicant to appoint someone they trust to make decisions about their welfare, money or property, should they lose capacity in the future. LPA numbers have grown from 150,000 in 2010/11 to 229,000 in 2012/13, an increase of around 53%. The online tool developed by the Ministry of Justice takes users through each page of the application, ensuring each is completed correctly before being printed off and submitted. Applicants can complete the process themselves or seek help from a solicitor or other trusted individual. The government has also just announced that it is to launch a consultation on making the process fully digital – so that forms can be submitted online. Alan Eccles, the public guardian, said: ‘More and more people are taking the important decision to apply for an LPA and it is right they receive the best possible service. This online tool is the first step in making the whole system simpler, clearer and faster. We are continually looking to identify further improvements.’ Access the new digital tool.last_img read more

Conveyancers urge ministers not to repeat HIPs fiasco

first_imgConveyancers are counselling caution on reform of the homebuying process after confirmation of a government review rekindled memories of the much-criticised home information packs (HIPs) scrapped in 2010.The Department for Business, Innovation & Skills will publish a ‘call for evidence’ later this year, it was confirmed last week at a Westminster Hall debate.During the debate, Tory MP Kevin Hollinrake alluded to the ‘ill-fated’ HIPs introduced in 2007 and suggested any change to legislation should involve consultation with the estate agent industry and legal profession.Beth Rudolf, director of delivery at the Conveyancing Association, said there is consensus that ‘earlier, upfront delivery of the right information can make a big difference’. Resolving issues around leasehold sales and closing legal loopholes to deliver a leasehold redress scheme would make big differences, she said, while ‘ridiculous delays’ in the delivery of local authority information also need to be addressed.Law Society president Jonathan Smithers, a conveyancing specialist, said he understands BIS will be looking at aspects of the whole process including wasted costs when transactions do not proceed to completion.He said: ‘There is a wide variety of reasons for sales not proceeding including change in circumstance, the discovery of new information during the process and the necessity to comply with lenders’ requirements.‘Giving consumers more detailed explanations of the process, and making sure that they are aware they have the ability to break chains and enter into pre-contract agreements to prevent gazumping and gazundering may warrant some further consideration.’Other ideas floated in an online Gazette debate include bringing back HIPs minus local authority search and surveys, ‘scale fees’ and separate representation for purchasers and lenders.last_img read more

Metro car joint venture

first_imgON MARCH 19 Beijing Metro Operations Co launched a joint venture with Beijing Metro Car Plant, Changchun Rail Passenger Cars and Zhuzhou Times Electric Group to develop a range of metro cars using indigenous Chinese technology.The cars, which will feature AC drives, air-conditioning and passenger information systems, will cost an estimated 5m yuan each. Construction of an initial four vehicles will begin at the end of this year, and the joint venture partners hope that the prototypes will lead to an order to build the next generation of metro cars for Beijing.last_img

Products in Brief

first_imgChina Academy of Rail Sciences and Sifang Rolling Stock Research Institute have standardised on the LonWorks IEEE 1473L network platform for onboard safety monitoring of functions including brakes, doors and power supply.Echelon, USALos Angeles MTA has ordered an emergency access and incident response road-rail vehicle from Mattman Speciality Vehicles in a $400000 contract. It will enable emergency services and law enforcement officers to access underground areas with necessary equipment.Mattman Speciality Vehicles, USASofia Metro is to be equipped with a Telindus video surveillance system, allowing real time images from all stations to be viewed and stored centrally. It will be installed as part of a €10m two-year project to provide CCTV across the city centre, schools and airport.Telindus Surveillance Solutions, UKOn March 28 Integrian launched its TransitCam TC-50 onboard CCTV for light rail and bus applications, developed from the TC-100 used on rail vehicles in Sydney, Melbourne and Madrid. Images from eight cameras per carriage can be recorded at 30 frames/sec, with resolution up to 720 x 480 pixels. TC-50 has been installed by New Jersey Transit, and is being tested by operators in California and Canada.Integrian, USAlast_img read more

DB Cargo wagons are getting smarter

first_imgGERMANY: A total of 34 000 wagons, or half of DB Cargo’s fleet, have now been equipped with telematics and smart sensors, the operator announced on August 27. All 68 000 wagons are scheduled to be equipped by 2020. The retrofitting programme is being carried out at Seelze near Hannover in a project worth ‘a high seven-figure sum.’ Each wagon is being fitted with a telematics module, with GPS and RFID and NFC tags. They can then use mobile telephony to transmit signals during the journey, such as when they start moving, stop or detect an impact. This data can help to provide information about the load’s condition, temperature and humidity, as well as the movement of sensitive cargo. ‘The smart freight wagons are modernising rail freight transport and making it fit for the future’, said Marek Staszek, management board member for Production. ‘Our customers are benefiting from more manageable logistics chains, higher-quality transport and predictable arrival times. With these advantages, we want to achieve a lasting shift in traffic onto the environmentally friendly rail freight network’.last_img read more