Good news: March housing starts soar 19%

first_img Tags Share via Shortlink Full Name* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Message* Housing starts soared in March, which is good news for a residential market hampered by low inventory. (iStock)Spring homebuilding season is here — and not a moment too soon.Privately owned housing starts surged to a seasonally adjusted rate of 1.739 million, up 19.4 percent from February’s revised rate of 1.457 million, according to the Census Bureau’s monthly report. Compared to the same time last year, housing starts were up 37 percent.March’s report comes after two months of decreased levels of new residential construction.Single-family starts were up 15.3 percent month-over-month. Building permits and housing completions also saw gains last month.Read moreMortgage requests, refinancings continue to dropPending home sales plunged nearly 11% in FebruaryHome price growth hits 15-year high The seasonally adjusted rate of permits issued last month was 1.76 million, up 2.7 percent from the revised February rate. Housing completions increased to a seasonally adjusted 1.58 million, up 16.6 percent from February.The numbers are good news as the housing market’s inventory remains at historically low levels, which — combined with strong demand — has driven up prices. Some economists say that the lack of homes available to purchase is beginning to slow the market.Mike Fratantoni, chief economist at the Mortgage Bankers Association, is one of them.“The biggest challenge facing the housing market right now is the lack of supply,” he said in a statement. “This news of more new inventory on the way is very positive.”Fratantoni said he expects home price growth to slow as new housing units come to market.Homebuilder sentiment rose this month with builders expecting strong activity from prospective buyers and in single-family sales. The outlook for sales in six months slipped, however.Contact Erin Hudson Email Address* ConstructionHousing MarketResidential Real Estatelast_img read more

Evidence for elevated alkalinity in the glacial Southern Ocean

first_imgAn increase in whole ocean alkalinity during glacial periods could account, in part, for the drawdown of atmospheric CO2 into the ocean. Such an increase was inevitable due to the near elimination of shelf area for the burial of coral reef alkalinity. We present evidence, based on downcore measurements of benthic foraminiferal B/Ca and Mg/Ca from a core in the Weddell Sea, that the deep ocean carbonate ion concentration, [CO32-], was elevated by similar to 25 mu mol/kg during each glacial period of the last 800 kyr. The heterogeneity of the preservation histories in the different ocean basins reflects control of the carbonate chemistry of the deep glacial ocean in the Atlantic and Pacific by the changing ventilation and chemistry of Weddell Sea waters. These waters are more corrosive than interglacial northern sourced waters but not as undersaturated as interglacial southern sourced waters. Our inferred increase in whole ocean alkalinity can be reconciled with reconstructions of glacial saturation horizon depth and the carbonate budget if carbonate burial rates also increased above the saturation horizon as a result of enhanced pelagic calcification. The Weddell records display low [CO32-] during deglaciations and peak interglacial warmth, coincident with maxima in percent CaCO3 in the Atlantic and Pacific oceans. Should the burial rate of alkalinity in the more alkaline glacial deep waters outstrip the rate of alkalinity supply, then pelagic carbonate production by the coccolithophores at the end of the glacial maximum could drive a decrease in ocean [CO32-] and act to trigger the deglacial rise in pCO(2).last_img read more

Walkers’ ray of sunshine

first_imgWalkers is aiming to boost the profile of its SunBites brand with a new flavour and on-pack promotion in the New Year.The Sun Ripened Sweet Chilli flavour has been picked in response to consumer trials and will be available in standard 28g packs. Launched in September 2007, the brand is now worth over £17m.Walkers is launching a ’Little Rays of Sunshine’ on-pack promotion, to be run across all packs including Sun Ripened Sweet Chilli. It offers consumers a one in five chance of winning one of a range of prizes, from manicures to weekends in Tuscany.Kirk Tanner, Walkers VP Impulse UK & Ireland, said: “Crisps, snacks and nuts are critical to the impulse trade and, as part of our continued commitment to supporting impulse retailers and growing the category, we have developed this exciting activity on one of our leading better-for-you brands.”A new 18-count single-serve SRP (shelf-ready packaging) case of the leading flavour, Sour Cream and Cracked Black Pepper has also been developed for impulse retailers.[http://www.sunbites.co.uk]last_img read more

Two motorcyclists injured after colliding with deer in Cass County

first_img Twitter IndianaLocalMichiganNews WhatsApp Two motorcyclists injured after colliding with deer in Cass County Facebook Pinterest Twitter Facebook (Photo supplied/ABC 57) Two motorcyclists are recovering after colliding with a deer.The crash happened around 10 a.m. on Saturday, Sep. 26, on White Temple Road near Gunther Street in Penn Township.Emergency crews arrived on scene and found the drivers of two motorcycles, a 28-year-old South Bend man and a 59-year-old Niles man had crashed into a deer that ran into the roadway.One of the men was taken the hospital for his injuries. The other received treatment at the scene.Helmets were not worn at the time of the crash. Alcohol and drugs do not appear to be factor, according to the Cass County Sheriff’s Office. Google+ Previous articleMovie theaters, performance venues allowed to reopen in Michigan in early OctoberNext articleConey Barrett: “I love the United States and I love the United States Constitution” Jon ZimneyJon Zimney is the News and Programming Director for News/Talk 95.3 Michiana’s News Channel and host of the Fries With That podcast. Follow him on Twitter @jzimney. Google+ WhatsApp Pinterest By Jon Zimney – September 27, 2020 0 378 last_img read more

News story: Dramatic moment coastguard helicopter rescues two young boys

first_imgTwo young boys, aged 11 and 14, who were clinging to a rock in the sea at Hopeman East Beach near Elgin have been winched to safety in the nick of time by HM Coastguard’s search and rescue helicopter from Inverness.A concerned member of the public rang 999 just after 5.45pm on 6 June to say there was one person in the water and one on the rocks in difficulty. HM Coastguard coordinated the rescue operation which also involved Burghead coastguard rescue team and Buckie lifeboat along with Moray inshore rescue organisation.It is believed one of the children got into difficulty whilst swimming in the sea and made his way to the rocks. His friend swam out to help him and stayed with him on the rocks as the tide quickly started to rise.Once on scene, it took the precision and skill of the Inverness coastguard helicopter just under 3 minutes to swoop in and rescue the two children, taking them to the nearby beach.Speaking after the incident Kaimes Beasley, duty controller for HM Coastguard said: ‘This incident could easily have turned into a really tragic one. One of the boys had already been washed off the rocks once and thankfully managed to clamber back on. We think that it only would have taken another 15 minutes for the rock to be fully covered by the rising sea and the boys would have been in the water. Remember if you see someone in trouble at sea or along the coast call 999 and ask for the coastguard. Thankfully, this rescue ended well and the boys were reunited with their families safe and well, despite their frightening ordeal.’Footage of the rescue inccidentlast_img read more

Frostings cake shop closes after 21 years of service

first_imgTwyford-based cake shop Frostings closed its doors on Saturday after 21 years of trading, having created over 7,000 cakes during that time.Owner Wendy Hopes hung up her apron over the weekend, and is now looking forward to more than two weeks of holiday a year.Hopes started making cakes for her daughter’s birthdays, then learned sugar flower-making at Reading College. She later made cakes for friends and friends of friends. After visiting the shop in Twyford for supplies, she ended up taking over from the previous owner.“It was brave, having previously worked with children at Micklands playgroup, and Caversham and Addington schools for many years. I was very nervous. I didn’t even know how to use the till. I couldn’t have done the business side without my husband Tony, who is an accountant.”Her creations have featured at weddings, birthdays, christenings, funerals, baby showers and anniversaries.Many customers paid tributes to the business and Hopes, showering her with appreciative gifts and cards.One customer said: “Wendy was so patient and kind with her advice. It didn’t matter what I asked. I once took a fruit cake in for her to pronounce on whether it was cooked. Going to see her, seated at the little counter in her pretty and well-organised shop, was like visiting a revered and wise oracle.”Earlier this month, Taylors Bakers shut its doors after more than 55 years.last_img read more

Jelani Remy on His Journey in The Lion King, From His Bedroom to Broadway

first_img View Comments from $75.00 Related Shows Age: 27Hometown: Cedar Grove, NJCurrent Role: A Broadway debut as Simba, who, after his father’s death, fights to ascend the throne as King of the Pride Lands in Disney’s The Lion King.Stage Cred: After graduating from Montclair State University, Remy toured the country in High School Musical and High School Musical 2 and played Simba in the Las Vegas and touring productions of The Lion King.“When I was 8, I spent my birthday money on The Lion King [movie soundtrack] cassette tape. In my bedroom, I’d play one character all the way through, then rewind the tape and do another character. First as Simba, then Nala, then Scar, until I’d done the whole cast. So I’ve been off book for a while.”“I grew up 25 minutes from New York City, but my family didn’t go a lot. My exposure to the city was through school field trips to Broadway shows, and that was how I got the itch. We saw The Music Man, Chicago and The Civil War, a wide array of musicals.”“My parents came straight off the boat. My mom’s from Trinidad and my dad’s from Barbados, but they met in a New York subway. My dad was working as a clerk where you get your tickets, and my mom would take the same train every day to go to school. After a while they started talking, and the rest is history.”“Growing up, music was very important. I come from a Caribbean family, and I listened to a lot of Soca music and reggae growing up. At first I thought I would be a music teacher—I sing and play a little piano and drums.”“I have a secret talent—I’m great at imitations. I can listen and get these sounds in my head and just process them, kind of like Christina Bianco. I can give you Celine Dion, Macy Gray, Britney Spears and a bunch more.””Thanks to The Lion King, High School Musical and High School Musical 2, I’ve been on the road for about five years of my life. Now I’m like, wait, I don’t have to move? This is so weird! Now I can have more stuff than just a suitcase and a trunk!” The Lion Kinglast_img read more

CVPS to merge with GMP

first_img May 30, 2011 … Fortis Inc (TSX – FTS), based in Canada, and Central Vermont Public Service ( NYSE – CV) of Rutland announced May 30 that they have entered … CVPS board authorizes discussions with Gaz Metro | Vermont…Jun 28, 2011 … On June 23, 2011, Gaz Metro made an unsolicited proposal to acquire all CVPS outstanding common shares for $35.25 per share in cash. … Bidding War: GMP owner GazMetro makes offer to buy CVPS, make one …Jun 23, 2011 … “Gaz Métro continues to demonstrate its commitment to Vermont with …. Gaz Métro is committed to the satisfaction of its customers, … PSB approves sale of GMP to Gaz Metro | Vermont Business Magazine “GMP has clearly listened to and addressed concerns Rutland leaders and residents have voiced since their offer was made public,” Rutland Mayor Christopher Louras said. “Ultimately I would have preferred that CVPS remain an independent company headquartered here, but through the agreement, significant, meaningful commitments to Rutland are made, especially related to local jobs, and therefore, I endorse the merger. Making Rutland the Headquarters for Operations and Energy Innovation is important to the region, and the commitments to downtown, REDC, solar development and ongoing community support have convinced me that the new merged company will be a leading corporate citizen just as CVPS has been. GMP’s commitment to a plan that any positions unfilled through natural turnover and retirement will be proportional, that CVPS will not face disproportional losses, and that relocations will not be used to reduce local jobs, was also critical to me and the City of Rutland.””We are committed to Rutland and the unique and meaningful community programs CVPS has developed here, including Shareheat, the Gift-of-Life Marathon, osprey conservation and the company’s corporate giving program,” Ms. Powell said.”We are also mindful that this new statewide utility will be serving more than 250,000 customers located across Vermont: from St. Albans to Bennington, Brattleboro to St. Johnsbury, and west across Route 2 through the capital district back to Chittenden County — and most of the towns in between,” Ms. Powell noted. “These communities are important economic drivers for Vermont, so our services and focus must be statewide.”Maximize employee knowledge and experience”Both CVPS and GMP are blessed with great employees, and it will be a privilege to meet and work alongside the CVPS staff,” said Ms. Powell. “As we write the next chapter in the story of these great companies, we must harness the experience and know-how of all employees to be the best-of-the-best for our customers.”To achieve the maximum benefits of a combination of GMP and CVPS, a transition committee, to be co-chaired by Ms. Powell and Mr. Reilly, will be created. The committee will look at the operations and business processes of each company in detail, identify best practices and craft a plan to provide customers of the combined company with the best service possible. Through this process, a combined organizational structure will be developed, which will be staffed by the strongest team of executives and professional staff available — regardless of which legacy company they came from. This substantial effort will begin soon, but will take months to complete.”This combination is a unique opportunity that will allow employees at both companies to provide quality service to our customers well into the future, while maintaining the important local bonds that set Vermont utilities apart,” added Mr. Reilly and Ms. Powell. “That’s why the CVPS and GMP teams are committed to working closely together during this transition to ensure that our customers benefit directly from this combination. We want to be sure that when the merger is complete we deliver tremendous value for our customers, exciting opportunities for our employees, and the same deep commitment to our communities and Vermont.”Shareholder benefitsIn addition to customer and community benefits, CVPS shareholders will also benefit as a result of the agreement between CVPS and Gaz Métro. Not only is the purchase price of $35.25 per common share, a 45 percent premium over the pre-Memorial Day closing price of $24.32, CVPS shareholders will retain the right to receive CVPS’s regular quarterly dividend of $0.23 per share until closing.”Gaz Métro is excited to expand its operations in Vermont through the combination of CVPS and GMP,” said Gaz Métro President and CEO Sophie Brochu. “We believe that the combination of CVPS and GMP will prove deeply beneficial to our customers. Both companies share a vigorous commitment to community and customer service that is consistent with our corporate approach.””Our philosophy is to rely on experienced local management and provide them the capital they need to grow and thrive,” added Ms. Brochu. “Mary Powell will be the president and CEO of the combined company, and she will assemble a strong local leadership team to guide the company forward.”The sale is subject to approval of CVPS common shareholders, and U.S. federal and state regulators, and is expected to be completed in approximately six to 12 months. Following the completion of the transaction, CVPS and GMP’s combined operations will join Vermont Gas Systems and Portland Natural Gas Transmission Systems under Gaz Métro’s wholly owned Vermont-based subsidiary, Northern New England Energy Corporation.BMO Capital Markets acted as Gaz Métro’s financial advisor. Legal counsel to Gaz Métro was provided by Osler, Hoskin & Harcourt LLP. Lazard Ltd. advised CVPS. Legal counsel to CVPS was provided by Sidley Austin LLP, Loeb & Loeb LLP, and Downs Rachlin Martin PLLC.About Central Vermont Public ServiceCVPS, the largest electric utility in Vermont, serves nearly 160,000 customers in 163 cities and towns across Vermont. CVPS has 530 employees. The company is a three-time winner of the Edison Electric Institute’s national Emergency Recovery Award, and CVPS Cow Powerâ ¢ won the 2009 U.S. Department of Energy Utility Green Program of the Year Award. CVPS has been listed by Forbes Magazine as one of the most trusted companies in America for 60 straight months.About Green Mountain PowerGreen Mountain Power generates, transmits, distributes and sells electricity in Vermont and is a leader in wind and solar generation. It serves more than 96,000 customers. www.greenmountainpower.com(link is external).About Gaz MétroWith over $3.6 billion in assets, Gaz Métro is Quebec’s leading natural gas distributor. Its 10,000 kilometer network serves 300 municipalities. Gaz Métro has operated in this regulated industry since 1957 and is the trusted energy provider to its customers in Quebec and Vermont, who choose natural gas for its competitive price, efficiency, comfort and environmental benefits. Gaz Métro is also present in the electricity distribution market and is involved in natural gas transportation and storage, the development of projects such as wind power, natural gas as fuel for the transportation industry, and biomethanation. Gaz Métro is committed to the satisfaction of its customers, partners, employees and the communities it serves. www.gazmetro.com(link is external).Important Additional InformationThis communication does not constitute a solicitation of any vote or approval. This communication is being made in respect of the proposed merger transaction involving CVPS. The proposed merger will be submitted to the stockholders of CVPS for their consideration. In connection therewith, CVPS will file a preliminary proxy statement and a definitive proxy statement with the Securities and Exchange Commission (the “SEC”). CVPS also plans to file other documents with the SEC regarding the proposed transaction. CVPS URGES INVESTORS AND SECURITY HOLDERS OF CVPS TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The definitive proxy statement will be mailed or delivered to CVPS’s stockholders. In addition, stockholders will be able to obtain the proxy statement and other relevant documents filed by CVPS with the SEC free of charge at the SEC’s website at www.sec.gov(link is external), or at CVPS’s website at www.cvps.com(link is external) by clicking on the link “SEC Filings.”Participants in the SolicitationCVPS and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of CVPS in connection with the proposed transaction. Information about CVPS and its directors and executive officers, and their ownership of CVPS’s securities, is set forth in the proxy statement for the annual meeting of stockholders of CVPS held on May 3, 2011, which was filed with the SEC on March 24, 2011 and which can be obtained free of charge from the sources indicated above. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement relating to the proposed merger and other relevant materials to be filed with the SEC when they become available.Forward-Looking StatementsStatements contained in this press release that are not historical fact are forward-looking statements intended to qualify for the safe-harbors from the liability established by the Private Securities Litigation Reform Act of 1995. Statements made that are not historical facts are forward-looking and, accordingly, involve estimates, assumptions, risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Some of the factors that could cause actual results to differ materially from those expressed in such forward-looking statements include: the occurrence of any event, effect or change that could give rise to a termination of the definitive agreement entered into with Gaz Métro; the outcome of any legal proceedings that may be instituted against CV and others following announcement of the agreement; the inability to complete the transaction due to the failure to obtain shareholder approva l or the failure to satisfy other conditions to the completion of the transaction, including the receipt of certain regulatory approvals; risks that the proposed transaction disrupts current plans and operations and creates potential difficulties in employee retention; and the amount of the costs, fees, expenses and charges related to the transaction.These and other risk factors are detailed in CV’s Securities and Exchange Commission filings. CV cannot predict the outcome of any of these matters; accordingly, there can be no assurance that such indicated results will be realized. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this press release. CV does not undertake any obligation to publicly release any revision to these forward-looking statements to reflect events or circumstances after the date of this press release.  RUTLAND, VT and MONTREAL–(Marketwire – July 12, 2011) -RELATED: Fortis to acquire CVPS, Vermont’s largest utility, CVPS to … Former Governor Jim Douglas also supported the merger in a commentary run last week on vermontbiz.com: ‘We can be proud that all of our utilities, including our two largest, CVPS and Green Mountain Power, have such a great record of service to our people. This is due to the dedication of the countless hard-working Vermonters who make these companies run. But as I have often said, in order for us to realize savings in our small state, whether in education spending, healthcare costs or electric rates, we must seek efficiencies through economies of scale wherever possible. For this reason, as Governor, I supported consolidation of our utilities. There are few, if any, more meaningful ways to reduce costs among regulated monopolies like utilities.’ (CLICK HERE TO READ ALL) Mar 27, 2007 … PSB approves acquisition of GMP by Gaz Metro subsidiary. The Vermont Public Service Board (PSB) Monday issued its approval of Green Mountain … The leaders of Central Vermont Public Service Corporation (NYSE: CV) (CVPS) and Gaz Métro Limited Partnership (Gaz Métro) today announced that a definitive agreement for the sale of CVPS has been signed. This clears the path for the combination of CVPS and Green Mountain Power Corporation (GMP), a subsidiary of Gaz Métro, into one utility. The deal is valued at $702 million, including the assumption of about $230 million of debt.A joint statement released this morning said that the new agreement provides significant benefits for customers, community, employees and shareholders, including $144 million in customer savings over 10 years, a Vermont ownership interest in VELCO, and the establishment of the Headquarters for Operations and Energy Innovation in Rutland.The all-cash transaction will provide CVPS shareholders $35.25 per common share, a 45 percent premium over the closing price of $24.32 immediately prior to the announcement of the previous agreement CVPS had reached with Fortis Inc. The CVPS Board has terminated the agreement with Fortis after deeming “superior” the offer from Gaz Métro. It sent a $19.5 million payment to Fortis today as part of the termination of the contract ($17.5 million “break up” fee and $2 million for expenses).”CVPS and GMP will together become a stronger, more efficient enterprise, built on our deeply held mutual commitment to Vermont,” GMP President and CEO Mary Powell and CVPS President and CEO Larry Reilly said. “We believe that this is not only a tremendous opportunity for CVPS and GMP, but for Vermont’s economy at this critical time. Our combined resources will allow us to continue to provide competitively priced power, which is necessary for vibrant communities and a growing economy, and strengthen our commitment to low-carbon electricity in sync with the environmental ethic of our state.””The CVPS Board, first and foremost, had a legal responsibility to ensure the best possible deal for shareholders, but the board also wanted to ensure the best possible outcome for our customers, employees and the communities we serve, Rutland in particular,” said Bill Sayre, chairman of the CVPS Board of Directors. “GMP shared that vision, and our agreement serves all of these constituencies, and ensures CVPS’s historic commitment to Rutland will continue.”The agreement provides a number of unique benefits for customers. First, the combination of the two companies will deliver $144 million in savings for customers over the next decade — with even greater savings continuing into the future. These savings will be achieved through more efficient distribution of resources, equipment and facilities throughout a more contiguous service territory, regulatory savings and improved purchasing leverage with vendors and service providers. Savings will not be achieved through layoffs — other than some executive officers — but instead through natural retirements and turnover, which will allow for the smooth integration of both companies’ workforces.”When we deliver $144 million in savings for families, businesses and communities that frees up $144 million that can be reinvested to strengthen Vermont,” said Mr. Reilly and Ms. Powell. “We have an obligation to the public that we operate in a transparent manner and keep costs as low as possible.””Also, through the contribution of VELCO stock to a public trust, this deal presents a dual benefit by helping our neighbors in need, as well as giving Vermonters an important ownership stake in the operation of the state’s most important transmission asset,” noted Mr. Reilly and Ms. Powell. The establishment of a public trust with $1 million in annual income to support a low-income rate program is made possible by an annual dividend generated through a contribution of VELCO stock, as well as an annual charitable contribution from the combined entity. The contribution of VELCO stock to the public trust means that the new combined entity will hold less than 50 percent of VELCO voting stock, and control of VELCO will remain with Vermont entities.Finally, there are a number of important ways that the combination of CVPS and GMP will improve reliability and service for Vermonters. A contiguous service territory and one Operation Headquarters will streamline storm response to restore power faster and reduce the overall frequency and duration of outages. Also, with the benefit of the combined utility’s information technology resources, it will be able to move basic services online more swiftly, and allow customer service representatives to provide more personalized service, which will be especially important for the implementation of the statewide Smart Grid initiative.New benefits for RutlandThe companies agreed that CVPS’s historic commitment to its hometown of Rutland will remain part of the new utility’s corporate culture. To ensure that commitment, the merged company will locate its Headquarters for Operations and Energy Innovation in Rutland, and pledge to build on CVPS’s extensive community support efforts.”When the communities we serve succeed, we succeed,” said Ms. Powell. “In talking with local leaders in recent weeks, I can’t help but be excited about all that is happening in Rutland. Making sure that the Rutland region maintains a strong utility presence is important — but it is as important for us to be a catalyst for job growth. With the right mix of public and private sector support, I know that Rutland will be a strong economic engine in our state.”Governor PEter Shumlin, who previously had lent his support to a CVPS-GMP merger, said in a statement today:  ‘I’m gratified to hear that the CVPS board of directors has approved the Gaz Metro/GMP purchase offer. “Consolidation of our largest utilities promises significant savings for Vermonters and makes good sense for our energy and jobs future. Today’s decision by Central Vermont Public Service to accept Gaz Metro’s bid came after careful consideration by the board of directors. I believe they made the right decision. I expect state regulators, when considering whether to approve this deal, will ensure that the promised benefits of this purchase are realized. “I am particularly pleased to learn that Gaz Metro/GMP have put this deal together in a way that benefits the Rutland community and economy.’The Headquarters for Operations and Energy Innovation will be the combined company’s command post for utility operations. On the energy innovation side, the headquarters will include staff focused on creative generation solutions, such as distributed generation and renewable energy projects. The nature of the work will mean enhancing appropriate staff at the Rutland headquarters.In addition to locating the Operations Headquarters in Rutland, the combined company will:* Commit to no layoffs other than some executive officer positions due to the consolidation, nor the mandatory relocation of Rutland employees. Under the combined company’s plan for customer savings, natural retirements and turnovers will be proportional between CVPS and GMP;* Work with local leaders to find space in the downtown for a new facility — with a strong preference towards rehabilitating vacant downtown space — and work on a plan to repurpose existing CVPS facilities;* Create a $100,000 “Open for Business” fund, to be administered by Rutland’s Downtown Partnership, to help continue the revitalization of downtown Rutland by subsidizing rent for several new businesses for up to two years. CVPS will provide half the funds immediately, with GMP providing the second half at closing;* Create a $100,000 “Green Growth” fund, to be administered by the Rutland Economic Development Corporation (REDC), to support specific initiatives to advance green sector jobs and technologies. CVPS will provide half the funds immediately, with GMP providing the second half at closing;* Kick-start a significant new “Solar City” program in Rutland. Building on CVPS’s renewable energy success with CVPS Cow Power and other programs, GMP will bring its expertise in solar power to develop ideas such as a commercial-size solar orchard, small-scale backyard and rooftop solar, and deployment of other renewable energy technology. In the coming weeks, a committee of Rutland region leaders and interested residents will be announced to help develop these ideas and recommend a direction for the effort.last_img read more

Dr James Weinstein named CEO of Dartmouth-Hitchcock

first_imgThe combined Boards of Trustees of Dartmouth-Hitchcock today announced the appointment of Dr. James Weinstein as Chief Executive Officer of Dartmouth-Hitchcock. This new position consolidates the leadership of Mary Hitchcock Memorial Hospital (MHMH) and Dartmouth-Hitchcock Clinic. Dr. Weinstein will also assume the presidency of Dartmouth-Hitchcock Health.The decision to combine the leadership of these institutions into one position follows a lengthy strategic review process by the Boards, and is designed to streamline the leadership structure and allow the organization to best meet the needs of the patients and communities it serves in today’s rapidly evolving health care environment.Dr. Weinstein will take on strategic and operational leadership of the Dartmouth-Hitchcock health system, which includes New Hampshire’s academic medical center and a network of clinics across two states, serving a patient population of 1.4 million.‘The appointment of Jim Weinstein as a single leader for Dartmouth-Hitchcock is an important development for our organization,’ said Wayne Granquist, Chair of the combined boards of Dartmouth-Hitchcock. ‘His comprehensive understanding of health care practice, policy, finances, and operations is broad and deep. He is a visionary and proven leader who is recognized for his clinical and research expertise, as well as his commitment to a high-value, high-functioning health care system for our nation. Jim is the right person to lead the institution in these critical times and the Trustees are delighted that he has agreed to take on this new role.’‘I am honored to lead Dartmouth-Hitchcock at such a crucial time for our organization and for the patients and families who turn to Dartmouth-Hitchcock for their care,’ said Weinstein.  ‘The health care system is undergoing fundamental change at an unprecedented pace. Our challenge is to ensure that we provide the highest-quality care, while continually improving that care, and the health of the people and communities we serve. Dartmouth-Hitchcock has deeply committed and talented employees and I look forward to achieving our vision together.’Nancy Formella, MSN, RN, who has been President of Mary Hitchcock Memorial Hospital since 2006, has been asked by the Boards of Trustees to serve as Executive Advisor to the Boards. In this role, she will continue her focus on maintaining and strengthening the mission- and vision-driven culture at Dartmouth-Hitchcock, especially in the face of the demands of today’s health care environment.As announced early this year, Dr. Thomas Colacchio will step down from his current position as President of Dartmouth-Hitchcock Health and return to his practice as an oncological surgeon.  Dr. Colacchio had planned to return to full-time clinical practice at the end of his term in August 2012, but has been asked to do so on November 14 to ensure a smooth transition to this streamlined leadership structure.Dr. Weinstein is an internationally renowned spine surgeon and has been President of Dartmouth-Hitchcock Clinic since 2010. He created and was Chairman of the Departments of Orthopaedics at Dartmouth-Hitchcock and Dartmouth Medical School (DMS) from 2002 to 2010. He is a leader in the concept of ‘informed choice’ for patients, and in 1999 established the first-in-the-nation Center for Shared Decision Making at Dartmouth-Hitchcock. The Spine Center he developed at Dartmouth-Hitchcock has become an international model for patient-centered, integrated care. In 2007, he was named to succeed Dr. John Wennberg as Director of The Dartmouth Institute for Health Policy and Clinical Practice (TDI), home of the Dartmouth Atlas. In 2009, with Dartmouth College President Jim Yong Kim, he developed The Dartmouth Center for Health Care Delivery Science. An elected Member of the Institute of Medicine of the National Academies of Sciences, he is also a co-founder of the High Value Healthcare Collaborative. This partnership among Cleveland Clinic, Mayo Clinic, Intermountain Healthcare, Denver Health, Dartmouth-Hitchcock, TDI, and 10 recently admitted health systems, is working nationally to improve health care quality while lowering costs.Dr. Weinstein assumes the role of CEO on November 1.‘In the coming days, weeks and months, I’m going to be reaching out to employees throughout Dartmouth-Hitchcock to hear from all of our staff and physicians, including those on the front lines of the change that’s happening in health care,’ said Weinstein.  ‘I want to have an open dialogue about where we’re going as an organization, how we will continue to meet our mission, and how we will adapt to meet the changing needs of our patients and communities.’Board Chair Granquist said Formella’s expertise and experience will greatly aid the Boards. ‘As a Board of Trustees, we are extremely appreciative of the outstanding leadership that Ms. Formella has provided to D-H both as Senior Nurse Executive and as President of MHMH,’ said Granquist. ‘We are grateful that we will be able to continue to utilize her knowledge, experience and commitment to further Dartmouth-Hitchcock’s mission and vision.’In her role as an Executive Advisor to the Board, Ms. Formella will focus on strategies that continue the cultural transformation underway at Dartmouth-Hitchcock, including creating a work environment that fosters excellence and innovation as well as deepening the organizational integrity that is a requirement in this fast-changing health care scene.  She will also continue representing Dartmouth-Hitchcock externally, in her role as Chair of the Board of the New Hampshire Hospital Association, and in specific regional partnership endeavors. ‘We’ve been talking for some time about the challenges that face all of us in health care. But these challenges present us with a special opportunity,’ said Formella. ‘Dartmouth-Hitchcock’s vision is to lead the transformation of health care in our region and to set the standard for the nation. At a time of unprecedented change in our industry, we have the opportunity to shape the future of health care.’Board Chair Granquist also reiterated the organization’s appreciation for Dr. Colacchio’s service.‘Dr. Colacchio led Dartmouth-Hitchcock during transformative years for the organization, and he has contributed so much to Dartmouth-Hitchcock’s development and success over the years, both in clinical practice and in leadership roles,’ said Granquist.  ‘We wish him well as he returns to his true passion ‘ directly caring for patients ‘ and are grateful for his leadership and his contributions.‘Throughout its history, Dartmouth-Hitchcock has evolved to meet the changing needs of its patients,’ added Granquist. ‘We will continue to evolve, moving closer to our vision of the healthiest population possible and providing the best care for our patients, in the right place and at the right time.’Concurrent with his appointment as CEO, Dr. Weinstein will leave his position as Director of TDI. Dartmouth College President Jim Yong Kim and Weinstein will work together with Dartmouth Provost Carol Folt and a committee with representation from Dartmouth-Hitchcock, Dartmouth College, DMS, TDI, the Dartmouth Center for Healthcare Delivery Science, and Dartmouth’s Tuck School of Business to ensure the strong future of TDI and to build on the growing partnerships between the College and Dartmouth-Hitchcock. In the interim, DMS Dean Chip Souba will be Acting Director of TDI. ABOUT DARTMOUTH-HITCHCOCK: Dartmouth-Hitchcock is a national leader in evidence-based and patient-centered health care. The system includes hundreds of physicians, specialists, and other providers who work together at different locations to meet the health care needs of patients in northern New England. In addition to primary care services at local community practices, Dartmouth-Hitchcock patients have access to specialists in almost every area of medicine, as well as world-class research at Dartmouth Medical School and centers of excellence including The Dartmouth Institute for Health Policy & Clinical Practice (TDI). D-H 11.1.2011last_img read more

Long Island Weather: 5 Inches of Snow Wednesday

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York An Island Park resident digs out of the snow this weekend. (Joe Abate)The odds are increasingly likely that Long Island will be blanketed with a fresh coat of up to five inches of snow Wednesday night.While parts of eastern LI are still digging out from a record 33 inches of snow from a blizzard over the weekend, partly sunny skies above freezing Tuesday are forecast to change into snow after sundown Wednesday.Upton-based National Weather Service meteorologists say there’s a 60-percent chance of between three and five inches of snow when temps drop below freezing overnight into Thursday morning.Thursday and Friday expected to be sunny with highs in the low 40s, but another slight chance of snow showers Saturday and Sunday might add another layer to the snow and ice already on the ground.last_img read more