Month: December 2011
2011 Catastrophe Update: Historical Global Losses, Expensive Losses in the United States, Tropical Cyclones, Outlook for 2012 - December 31, 2011 by dharkanjhel

Expensive Losses in United States
Significant weather-related losses also occurred in the United States in 2011 after one of the worst tornado seasons on record caused a combined insured loss of…



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GCCapitalIdeas.com

Week’s Top Stories: December 24 – 30, 2011 - December 30, 2011 by dharkanjhel

2011 Catastrophe Update: Historical Global Losses, Cluster of Costly International Losses: 2011 has been an unusually eventful year for the (re)insurance sector. In addition to the challenging…



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GCCapitalIdeas.com

Hurricane Kenneth – Now a Catagory 4 - December 30, 2011 by dharkanjhel

Now a full fledged hurricane, Kenneth is located in the north Pacific Ocean heading West, further out in the Pacific. It has evolved into a Catagory 4 hurricane. At this point it is not  threatening any land and it is not expected to in the near future. Its present location is the least threatening to any land mass at this time. It is presently located at latitude +12.6, longitude -114.9.  At the present time, this is the only tropical storm on the globe.


Hurricane Prevention

Making An Important New Year’s Resolution Stick - December 29, 2011 by dharkanjhel

Posted by: Darryl Madden, Director, Ready Campaign

Before the ball drops and we ring in the New Year, I’m sure many of you have made New Year’s resolutions for 2012. Many which I seem to repeatedly make year in and year out, like working more exercise into my daily routine, eating healthier, saving more or donating a larger portion to charitable causes. However, this year I have a New Year’s resolution idea that could prove to be priceless. Resolve to be Ready in 2012 and commit to making family, home or business better prepared for an emergency.

I know the hardest part of keeping a resolution is sustaining momentum after those first few weeks of the New Year. So here are some ideas for how you can phase in you resolution to be ready for an emergency in 2012:

  • Set a monthly reminder in your calendar to test your home’s smoke alarms – the first of every month in your personal or work calendar can serve as a great reminder to test your smoke alarms.
  • Pick up one item for your emergency kit on each of your shopping runs – building your family’s emergency kit doesn’t need to happen in one fell swoop. Pick up canned food, bottled water, a battery-powered radio, flashlight, extra batteries, and other recommended emergency items over the first month or two of the year (it will also spread the cost of building your emergency supply kit).

I sincerely hope you will join Administrator Fugate and the rest of us at FEMA to Resolve to be Ready in 2012. It’s a resolution we can keep, and one that will definitely prove its worth, should disaster strike.

FEMA Blog

Chilly tonight with temps in 40s and 50s - December 29, 2011 by dharkanjhel

For the first time in a long time South Florida is going to chill out, with temperatures forecast to drop into upper 40s and low 50s in the metro areas by tonight.
Ken Kaye’s Storm Center – South Florida Sun-Sentinel.com

Black Pearl Capital Partners Acquires Former Blackburn Paper Mill as it … - December 28, 2011 by dharkanjhel

LONDON, Dec. 28, 2011 /PRNewswire via COMTEX/ –
Black Pearl Capital Partners (“BPCP”) today announced that it has acquired a 118 acre infrastructure site near Blackburn, UK. The site which formerly operated as the Sappi Paper Mill is BPCP’s latest UK acquisition in its strategy to develop renewable energy parks that focus on biomass power, water treatment and bio-fuels production.

The paper mill in Feniscowles, Blackburn is the third renewable energy site BPCP has obtained alongside Aeternum Capital, its co-investor and asset manager. Proposals for the site will include a renewable power generation facility as well as the potential for a residential redevelopment.

“We are excited about adding another renewable energy park to our portfolio,” said Reza Irani-Kermani, CEO of Black Pearl Capital. “The site in Blackburn is our third large brownfield site in the UK, and it has the potential

Read More from the Article Source: http://www.marketwatch.com/story/black-pearl-capital-partners-acquires-former-blackburn-paper-mill-as-it-continues-development-of-its-uk-renewable-energy-parks-2011-12-28

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“Jesus is Missing!!!” - December 28, 2011 by dharkanjhel

Was there ever a time when the holidays were not busy? Probably not. I suppose if we went back to the very first Christmas we would find a great deal of hurried busyness: Joseph was out sitting in the…

blogs – impact – nola.com

An Important Update on Our Recoupment Process - December 26, 2011 by dharkanjhel

By: Rachel Racusen, Director of Public Affairs

Over the past year, as directed by law, FEMA has re-initiated an improved process for identifying cases of improper payments made to individuals after disasters and to take steps to recover those funds. As we have explained before on this blog, several laws require FEMA and other federal agencies to conduct this process, known as “recoupment.” At the direction of our current leadership, we have worked within the legal constraints of these laws to make the process more fair and understandable for both disaster survivors and taxpayers. However, under these existing laws, FEMA was unable to waive debts.

Last week, Congress passed a law providing FEMA discretion to waive certain debts from disasters declared between August 2005 and the end of 2010 if the debt arose from an improper individual assistance payment made as a result of FEMA’s error, there was no fault on the part of the survivor, and the survivor currently has an income of ,000 or less. The law does not apply to recoupment efforts for disasters declared after Jan. 1, 2011.

FEMA is committed to implementing the law to the fullest extent possible so that it meets its intended purpose: to offer a fair resolution to those survivors who received improper payments through no fault of their own and who may be unable to repay their debt due to their financial circumstances.

So now that the law has been passed, what next?

FEMA is currently reviewing the law and developing a plan to implement it. This includes examining the reasons for recoupment and the potential population of survivors who might be eligible to have their debts waived. We look forward to continuing to work with lawmakers and all interested stakeholders during this effort.

As we begin work on this implementation plan, FEMA is not scheduled to send any new debts to Treasury for collection before Jan. 13, 2012. We know that there are many survivors and other stakeholders who will have questions about the effects of this new law. While we are just beginning to determine how to implement this brand new law, the legislation does make clear that a recoupment case must meet all of the following criteria in order to be eligible for a waiver:

  • An improper payment that were received from disasters declared between Aug. 28, 2005 (Hurricane Katrina) and Dec. 30, 2010;
  • The improper payment was a result of an error solely on FEMA’s part – not on the part of a survivor;
  • The case cannot have involved fraud, false claim or misrepresentation by the survivor;
  • The survivor’s adjusted gross income for the last taxable year is less than ,000; and
  • Collection of the debt would be against “good conscience and equity.”  

Our priority is to ensure that all survivors have clear and complete information about these changes once we have an implementation plan to share, and we are working to make that happen as quickly as possible.

It is important to note that Congress wrote this law to apply only to recoupment efforts for older disasters. As we have also explained before, in recent years we have taken significant steps to put strong protections in place to cut down on the percentage of improper payments disbursed after disasters – and it is now less than one percent, on average. We will continue to do everything we can to reduce the need for any potential recoupments for current and future disasters.

We want to move expeditiously on this implementation effort, but we also want to get it right. We thank all of our stakeholders – especially survivors – for their patience as we move into the next phase or this effort and look forward to working together to make these important changes a reality.

FEMA Blog

A United States Passport – Here’s How To Get One - December 26, 2011 by dharkanjhel

Obtaining a U S passport is a very nice time in someone’s life. Having access to this document allows the holder the chance to visit different locations all over the world and be sure that they can always come back to the United States of America. Before receiving the document, it is vital to go through all the steps necessary to apply for a card and book.

Smooth Process

To make the application process smooth and quick, a person can prepare all of the documentation that they will need to accompany their application. When a person comes prepared to the bureau, there is less chance for problems to arise during the process. Make a list of all of the documents that need to be provided in order to make sure that the process will run smoothly. This process is a little different if you’re trying to renew U.S. online passport.

Citizenship

Proof of citizenship will be asked for when a person visits the application office. The evidence of United States citizenship includes a certified birth certificate, a previously issued passport, or a naturalization certificate. If these primary pieces of evidence are not available, secondary types of evidence can be used to prove one’s citizenship status.

Birth Documents

There are many different types of secondary evidence that a person can use to prove their citizenship status. Choosing the appropriate category that fits your needs for secondary evidence will make the application process easier for you. The five categories of secondary evidence are delayed birth certificates, early public records, birth affidavit, letter of no record or foreign birth documents.

Federal Forms

The form “DS-11″ is the form that is also called the application form. The form is available online or it can be printed out and returned to an agency office. Personal information is requested on this form as well as identifying information, such as a description of the individual who is applying.

Proper ID

After form DS-11 or the application is filled out, it needs to be taken to the appropriate distribution office. Applying in person will require that the appropriate identification is made available. Appropriate identification includes a valid driver’s license or state identification card, a naturalization certificate, previously issued passport documentation or a current government or military identification card.

Fees

To expedite the process, a person’s application needs to be combined with the appropriate fees. In 2011, the price for an adult care and book costs one hundred sixty dollars. This figure comes from the execution fee costing twenty-five dollars added to the application fee which is one hundred and forty dollars.

Pictures

Applicants will need to provide a photo with their application. There are many requirements for the photo that need to be met. Among these requirements are size, quality and content. A photo must be in color and printed on photo quality paper. The applicant’s face should be in full view and the angle should be front and center. The entire photo should be two inches by two inches, with the head being at least an inch in size.

Sony to sell stake in LCD venture to Samsung for $940 million - December 26, 2011 by dharkanjhel


TOKYO/SEOUL |
Mon Dec 26, 2011 2:05am EST

TOKYO/SEOUL (Reuters) – Sony Corp has agreed to sell its nearly 50 percent stake in an LCD joint venture with Samsung Electronics to Samsung for 0 million, the Korean firm said on Monday, as Sony struggles to staunch red ink at its TV business.

The venture cut its capital by 15 percent in July and industry sources had said Sony was negotiating an exit, aiming to switch to cheaper outsourcing for flat screens for its TVs while Samsung pushes ahead with next-generation displays.

Sony warned in November of a fourth straight year of losses for the financial year to next March, with its TV unit alone set to lose .2

Read More from the Article Source: http://feeds.reuters.com/~r/reuters/businessNews/~3/bDD0LjELPQA/us-sony-samsung-idUSTRE7BP03N20111226

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