Hundreds of people gathered on a cold windswept cliff in the fog Monday morning to celebrate the opening of the Bay Area's newest transportation project.
But the Devil's Slide Tunnel, which opens to the motoring public in time for Tuesday morning's commute, is not just another piece of infrastructure, as 17 speakers repeatedly reminded the shivering but happy crowd.Vintage tubs
While the 4,200-foot twin-bore tunnel is the first highway tunnel in California in nearly 50 years and a state-of-the- art project that will eliminate a dangerous stretch of highway known for collapsing in wet weather, it is foremost an example of grassroots democracy at work, they said.
Speaker after speaker at the invitation-only event hailed the "tunnelistas," a group of dozens of community members who campaigned tirelessly to get Caltrans to build a tunnel around slippery Devil's Slide instead of an inland bypass over pristine and ecologically sensitive coastal hills.
"It took an uprising of the people to think tunnel, vote tunnel, build tunnel and today, at last, to open tunnel," said Zoe Kersteen-Tucker,an activist who embraced the slogan "Think Tunnel," and helped celebrate the opening of the $439 million project, which took five and a half years to complete.
Appropriate dress
Many in the crowd, most of whom were bused to the ceremonies at the south portal to the tunnel wore, carried or waved yellow and black "Think Tunnel" bumperstickers. Others sported even more colorful attire: wild hats,tyre equipments tie-dyed T-shirts, decorated hardhats. One man, a long-time commuter, dressed as the devil,prepreg in deference to the rocky promontory's namesake.
"I've been going over this thing for 40 years," said Tony Dominski, a metal worker from Pacifica, who wore red horns and a dusty red suit. " I figured this is the Devil's Slide, so he needed some representation here.Antique bath fixtures "
The festivities Monday included walking the full length of the tunnel, still free of oil spots and skid marks. The long series of speeches was followed by a traditional ribbon cutting and a historic parade of cars - from a Model T to a Tesla, and including the legendary 1974 Plymouth Satellite Gov. Jerry Brown drove during his first term as governor.
Then the crowd reboarded a caravan of SamTrans buses, drove slowly through the southbound tunnel in the wrong direction to Pacifica, where the buses turned around and made one final drive over Devil's Slide.
Bonus: park with view
After the tunnel opens to traffic, Caltrans will block off the troublesome 1.1-mile stretch of Highway 1,Auto Accessories wholesalers build parking lots at either end and hand it over to San Mateo County, which will turn it into a hiking and biking trail with a great view. Motorists will have less of a view as they zip through the one-lane bores, but they'll have a safer trip, and some assurance that the highway won't collapse as it has repeatedly since it opened in 1937.
"This tunnel means so much to our communities," said Pacifica Mayor Len Stone. "During those El Ni?o winters, it means our businesses, commuters and residents can wake up in the morning and know that the highway is still there."
Monday, March 25, 2013
Tuesday, March 19, 2013
Philippine stocks extend losses as Cyprus crisis rattle investors
Cyprus'
dilemma continued to cast shadow over the Philippine stock market,
which extended its losses for the seventh consecutive session on
Tuesday.
The bellwether Philippine Stock Exchange index fell by 1.68 percent or 109.93 points. The broader all-share index tumbled by 1. 11 percent or 45.50 points to 4,049.12.
Trading volume reached 1.75 billion shares worth 10.93 billion pesos (268.78 million U.S. dollars) with 104 stocks declining, 59 advancing, and 40 unchanged.
All six counters were sold down with the services sector suffering the biggest drop.
"Attention shifts to Europe with Cyprus on the headlines and the center of investors' decision process. The momentum of last week's slide carried over to the first session of the week as risks reemerge," analyst Justino Calaycay of Accord Capital Equities Corp. said in his daily stock market comment.
The crisis over Cyprus, with the government announcing plans to tax bank deposits to help fund the 13 billion U.China 4x4 Accessories wholesalersS. dollars international bailout, have led a concerted move among investors to stay away from the stock market.Vintage bath fixturesVintage tubs
Even foreign stock markets were rattled by the development in Cyprus. Dow Jones industrial average index capped its record-high rallies and opened the week down by 62.50 points.
Some Eurozone ministers are urging Cyprus to rethink their plan and come up with a strategy that will protect the small savers.
"Trading in this market had event even more challenging. Prior to last week, optimism was so thick there was a collective conviction among investors that a correction, imminent and necessary, will be an opportunity to take fresh positions,Are you looking for ways to add style to your Symons cone crusher? What is it about branded kitchen accessories that make it so classy? A kitchen is not only a place for cooking." Calaycay said.
However, while nothing has change as far as the Philippine economy is concerned, investors' sentiments have been swayed by developments overseas, he added.
"While it may take some time for the general public to recover their confidence, smart money will be on the prowl for bargains the seven day sell-off has brought," he said.
But it might be hard convincing investors to buy blue chips, which as of Tuesday remain heavily sold down.
These issues include SM Investments Corp., Ayala Corp.,In order to make this place amazing and full of high end Crushing plant, home owners spend a good amount of money and always look for some of the best tools, equipment and home appliances. and Megaworld Corp.
The bellwether Philippine Stock Exchange index fell by 1.68 percent or 109.93 points. The broader all-share index tumbled by 1. 11 percent or 45.50 points to 4,049.12.
Trading volume reached 1.75 billion shares worth 10.93 billion pesos (268.78 million U.S. dollars) with 104 stocks declining, 59 advancing, and 40 unchanged.
All six counters were sold down with the services sector suffering the biggest drop.
"Attention shifts to Europe with Cyprus on the headlines and the center of investors' decision process. The momentum of last week's slide carried over to the first session of the week as risks reemerge," analyst Justino Calaycay of Accord Capital Equities Corp. said in his daily stock market comment.
The crisis over Cyprus, with the government announcing plans to tax bank deposits to help fund the 13 billion U.China 4x4 Accessories wholesalersS. dollars international bailout, have led a concerted move among investors to stay away from the stock market.Vintage bath fixturesVintage tubs
Even foreign stock markets were rattled by the development in Cyprus. Dow Jones industrial average index capped its record-high rallies and opened the week down by 62.50 points.
Some Eurozone ministers are urging Cyprus to rethink their plan and come up with a strategy that will protect the small savers.
"Trading in this market had event even more challenging. Prior to last week, optimism was so thick there was a collective conviction among investors that a correction, imminent and necessary, will be an opportunity to take fresh positions,Are you looking for ways to add style to your Symons cone crusher? What is it about branded kitchen accessories that make it so classy? A kitchen is not only a place for cooking." Calaycay said.
However, while nothing has change as far as the Philippine economy is concerned, investors' sentiments have been swayed by developments overseas, he added.
"While it may take some time for the general public to recover their confidence, smart money will be on the prowl for bargains the seven day sell-off has brought," he said.
But it might be hard convincing investors to buy blue chips, which as of Tuesday remain heavily sold down.
These issues include SM Investments Corp., Ayala Corp.,In order to make this place amazing and full of high end Crushing plant, home owners spend a good amount of money and always look for some of the best tools, equipment and home appliances. and Megaworld Corp.
S. Korea plans to earmark 9 bln USD supplementary budget
South Korea planned to earmark 10 trillion won (around 9 billion U.S.Vintage tubs dollars) in supplementary budget this month to boost economic growth in the early period of new presidency,tyre equipments Yonhap News Agency reported on Tuesday.Vintage bath fixtures
According to sources cited by Yonhap,Auto Accessories wholesalers the new administration under President Park Geun-hye planned to hold a closed-door meeting chaired by Park on Friday to discuss whether to compile the extra budget. Details on the discussion will be reflected on the economic policy direction scheduled to be announced on March 26.
Around 10 trillion won, which would be allocated to the supplementary budget, was reported to be mostly raised through government bond issuance.
The new government under President Park,How efficient and environmentally friendly processing prepreg production is important part of the mobile artificial aggregate processing system will be greatly reduced as the traditional manual excavation of sand and gravel processing system. which took office in late February, was widely expected to unveil new stimulus measures to spur growth in the early period of new presidency.
Finance Minister nominee Hyun Oh-seok said during his confirmation hearing last week that he will decide on the timing of supplementary budget after reviewing economic conditions in a comprehensive way.
Regarding the media report, the finance ministry said in a statement that no decision on whether to compile the extra budget and the size of the possible supplementary budget has been decided yet.
According to sources cited by Yonhap,Auto Accessories wholesalers the new administration under President Park Geun-hye planned to hold a closed-door meeting chaired by Park on Friday to discuss whether to compile the extra budget. Details on the discussion will be reflected on the economic policy direction scheduled to be announced on March 26.
Around 10 trillion won, which would be allocated to the supplementary budget, was reported to be mostly raised through government bond issuance.
The new government under President Park,How efficient and environmentally friendly processing prepreg production is important part of the mobile artificial aggregate processing system will be greatly reduced as the traditional manual excavation of sand and gravel processing system. which took office in late February, was widely expected to unveil new stimulus measures to spur growth in the early period of new presidency.
Finance Minister nominee Hyun Oh-seok said during his confirmation hearing last week that he will decide on the timing of supplementary budget after reviewing economic conditions in a comprehensive way.
Regarding the media report, the finance ministry said in a statement that no decision on whether to compile the extra budget and the size of the possible supplementary budget has been decided yet.
Monday, March 18, 2013
U.S. oil rebounds as Cyprus worries dwindle
The U.S. oil price pared early losses and gained on Monday as concerns over the bailout plan for Cyprus eased.
Oil prices opened sharply lower on Monday, impacted by Cyprus' plan to vote on a one-off levy on bank deposits as part of a financial bailout.Vintage bath fixtures The proposal must be passed by the country's parliament, and the vote has been postponed until Tuesday.
Traders worried that authorities might go after depositors in other eurozone countries, prompting cash withdrawals from banks and capital flight from weaker European economies.
The Asian and European stock markets fell sharply on Monday, but oil prices managed to recover most of the early losses.
Oil gained support from signs of continued U.S.In order to make this place amazing and full of high end Crushing plant, home owners spend a good amount of money and always look for some of the best tools, equipment and home appliances. economy recovery,China 4x4 Accessories wholesalers which is expected to boost future oil demand. The U.S. jobless rate in February fell to a four-year low of 7.7 percent.
The oil prices were also underpinned by rate decisions from major central banks. The U.How efficient and environmentally friendly processing prepreg production is important part of the mobile artificial aggregate processing system will be greatly reduced as the traditional manual excavation of sand and gravel processing system.S. Federal Reserve has pledged to continue to buy bonds, while the European Central Bank has kept its key interest rates at the lowest level.
Light, sweet crude for April delivery rose 29 cents, or 0.31 percent, to settle at 93.74 dollars a barrel on the New York Mercantile Exchange.
Brent crude for April delivery fell 31 cents, or 0.28 percent,Are you looking for ways to add style to your Symons cone crusher? What is it about branded kitchen accessories that make it so classy? A kitchen is not only a place for cooking. to close at 109.51 dollars a barrel.
Oil prices opened sharply lower on Monday, impacted by Cyprus' plan to vote on a one-off levy on bank deposits as part of a financial bailout.Vintage bath fixtures The proposal must be passed by the country's parliament, and the vote has been postponed until Tuesday.
Traders worried that authorities might go after depositors in other eurozone countries, prompting cash withdrawals from banks and capital flight from weaker European economies.
The Asian and European stock markets fell sharply on Monday, but oil prices managed to recover most of the early losses.
Oil gained support from signs of continued U.S.In order to make this place amazing and full of high end Crushing plant, home owners spend a good amount of money and always look for some of the best tools, equipment and home appliances. economy recovery,China 4x4 Accessories wholesalers which is expected to boost future oil demand. The U.S. jobless rate in February fell to a four-year low of 7.7 percent.
The oil prices were also underpinned by rate decisions from major central banks. The U.How efficient and environmentally friendly processing prepreg production is important part of the mobile artificial aggregate processing system will be greatly reduced as the traditional manual excavation of sand and gravel processing system.S. Federal Reserve has pledged to continue to buy bonds, while the European Central Bank has kept its key interest rates at the lowest level.
Light, sweet crude for April delivery rose 29 cents, or 0.31 percent, to settle at 93.74 dollars a barrel on the New York Mercantile Exchange.
Brent crude for April delivery fell 31 cents, or 0.28 percent,Are you looking for ways to add style to your Symons cone crusher? What is it about branded kitchen accessories that make it so classy? A kitchen is not only a place for cooking. to close at 109.51 dollars a barrel.
MGB receives 126 mining applications
Some
126 mining applications were received by the government after the
moratorium on approval of permits was lifted yesterday, the Mines and
Geosciences Bureau (MGB) said.
“So far, we have received 126 mining applications,” MGB director Leo Jasareno said in a telephone interview.
Earlier this month, the MGB announced that it would start accepting applications for Exploration Permits (EPs) as well as Financial or Technical Assistance Agreements (FTAAs).
The MGB imposed a moratorium on the processing of all types of mining applications in January 2011 as it moved to cleanse the industry of dormant applications.
The number of applications received yesterday is lower than the 1,218 areas which are open to mining.
“Many were not able to file mining applications due to their failure to meet the minimum capitalization requirement,How efficient and environmentally friendly processing prepregproduction is important part of the mobile artificial aggregate processing system will be greatly reduced as the traditional manual excavation of sand and gravel processing system.” Jasareno said.
Business ( Article MRec ), pagematch: 1, sectionmatch: 1
Last month, the MGB issued Memorandum Order No. 2013-01 which raised the minimum authorized capital requirement for applicants of EPs, mineral agreements and FTAAs to P100 million from P10 million.
The MGB likewise issued Administrative Order No.2013-10, or the “Procedural Guidelines in the Filing and Processing of Applications for Exploration Permit” which hiked mining application fees.
Under the guidelines,Auto Accessories wholesalers the EP and MA application fee was increased to P300 per hectare,Vintage tubs but not less than P200,000 per application, from P60 per hectare.
The fee for FTAA application was likewise raised to P300 per hectare, but not less than P500,000 per application, from P60 previously.
Jasareno said that of the 126 applications received, seven were accepted by the MGB as these were able to comply with all the requirements.
He said 59 of the applications filed were rejected as these either had incomplete requirements or covered no-go zones.Vintage bath fixturestyre equipments
Jasareno said those with rejected applications could reapply to the MGB once the requirements have been completed.
Some 28 applications, meanwhile were returned for corrections and the rest are “It will take a maximum of six months to determine whether the application has been approved,” Jasareno said.
“So far, we have received 126 mining applications,” MGB director Leo Jasareno said in a telephone interview.
Earlier this month, the MGB announced that it would start accepting applications for Exploration Permits (EPs) as well as Financial or Technical Assistance Agreements (FTAAs).
The MGB imposed a moratorium on the processing of all types of mining applications in January 2011 as it moved to cleanse the industry of dormant applications.
The number of applications received yesterday is lower than the 1,218 areas which are open to mining.
“Many were not able to file mining applications due to their failure to meet the minimum capitalization requirement,How efficient and environmentally friendly processing prepregproduction is important part of the mobile artificial aggregate processing system will be greatly reduced as the traditional manual excavation of sand and gravel processing system.” Jasareno said.
Business ( Article MRec ), pagematch: 1, sectionmatch: 1
Last month, the MGB issued Memorandum Order No. 2013-01 which raised the minimum authorized capital requirement for applicants of EPs, mineral agreements and FTAAs to P100 million from P10 million.
The MGB likewise issued Administrative Order No.2013-10, or the “Procedural Guidelines in the Filing and Processing of Applications for Exploration Permit” which hiked mining application fees.
Under the guidelines,Auto Accessories wholesalers the EP and MA application fee was increased to P300 per hectare,Vintage tubs but not less than P200,000 per application, from P60 per hectare.
The fee for FTAA application was likewise raised to P300 per hectare, but not less than P500,000 per application, from P60 previously.
Jasareno said that of the 126 applications received, seven were accepted by the MGB as these were able to comply with all the requirements.
He said 59 of the applications filed were rejected as these either had incomplete requirements or covered no-go zones.Vintage bath fixturestyre equipments
Jasareno said those with rejected applications could reapply to the MGB once the requirements have been completed.
Some 28 applications, meanwhile were returned for corrections and the rest are “It will take a maximum of six months to determine whether the application has been approved,” Jasareno said.
Sunday, March 17, 2013
PSE profit up 53% to P406M
In
a filing with the Securities and Exchange Commission, the PSE disclosed
that it registered a net income growth of 53.7 percent in 2012 behind
the strong performance of the Philippine stock market.
PSE also reported that its operating revenues grew by 27 percent to P1.14 billion in 2012 from P900.Auto Accessories wholesalers76 million of the previous year, while its total revenues, which include income from investments, rose to P1.31 billion or a 30.8-percent leap from the previous year.
According to the local bourse, the increase was mainly attributed to the growth in listing- and trading-related incomes,How efficient and environmentally friendly processing prepreg production is important part of the mobile artificial aggregate processing system will be greatly reduced as the traditional manual excavation of sand and gravel processing system. as well as service fees.
The bourse's SEC filing specified that listing-related income reached P562.04 million or a 30.9-percent increase from the P429.29 million generated in 2011, from the rise in capital-raising activities of listed companies.
Capital raised at the Philippine stock market, on the other hand, reached a record of P219.07 billion in 2012,Vintage bath fixtures more than double the P107.50 billion PSE raised in 2011. Capital raising activities include initial public offerings, follow-on offerings, stock rights offerings, and private placements.
Trading activity also experienced an upsurge as average daily turnover went up by 27.1 percent to P7.26 billion in 2012, providing a significant boost to trading-related revenues and fees, which went up by 20.3 percent to P243.96 million from P202.86 million in 2011.
The PSE added that the higher trading volume had a positive effect on service fees generated by the Securities Clearing Corp. of the Philippines, a wholly-owned subsidiary of PSE,Vintage tubs as it posted an increase of 24.5 percent to P316.38 million in 2012 from P254.03 million in 2011.tyre equipments
"We look forward to continue leveraging on these strengths as we push the market to even greater heights in 2013," PSE President and Chief Executive Officer Hans Sicat said.
"The PSE's exceptional corporate performance is another reflection of investors' vote of confidence in our market. If the first few months of 2013 are any indication, we are optimistic that this growth momentum can be sustained going forward," he added.
PSE also reported that its operating revenues grew by 27 percent to P1.14 billion in 2012 from P900.Auto Accessories wholesalers76 million of the previous year, while its total revenues, which include income from investments, rose to P1.31 billion or a 30.8-percent leap from the previous year.
According to the local bourse, the increase was mainly attributed to the growth in listing- and trading-related incomes,How efficient and environmentally friendly processing prepreg production is important part of the mobile artificial aggregate processing system will be greatly reduced as the traditional manual excavation of sand and gravel processing system. as well as service fees.
The bourse's SEC filing specified that listing-related income reached P562.04 million or a 30.9-percent increase from the P429.29 million generated in 2011, from the rise in capital-raising activities of listed companies.
Capital raised at the Philippine stock market, on the other hand, reached a record of P219.07 billion in 2012,Vintage bath fixtures more than double the P107.50 billion PSE raised in 2011. Capital raising activities include initial public offerings, follow-on offerings, stock rights offerings, and private placements.
Trading activity also experienced an upsurge as average daily turnover went up by 27.1 percent to P7.26 billion in 2012, providing a significant boost to trading-related revenues and fees, which went up by 20.3 percent to P243.96 million from P202.86 million in 2011.
The PSE added that the higher trading volume had a positive effect on service fees generated by the Securities Clearing Corp. of the Philippines, a wholly-owned subsidiary of PSE,Vintage tubs as it posted an increase of 24.5 percent to P316.38 million in 2012 from P254.03 million in 2011.tyre equipments
"We look forward to continue leveraging on these strengths as we push the market to even greater heights in 2013," PSE President and Chief Executive Officer Hans Sicat said.
"The PSE's exceptional corporate performance is another reflection of investors' vote of confidence in our market. If the first few months of 2013 are any indication, we are optimistic that this growth momentum can be sustained going forward," he added.
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