| Ex-Home Depot head named as Chrysler's CEO
AUBURN HILLS, Mich. -- Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring. Bob Nardelli, who left The Home Depot Inc. in January after a shareholder rebellion over his outsized pay, was named chairman and chief executive of Chrysler LLC, replacing Tom LaSorda, who is taking the No. 2 slot. The changes came just three days after the private equity firm Cerberus Capital Management LP acquired a majority stake in Chrysler. "The new Chrysler has the opportunity to prove that the private business model can thrive in this industry," Nardelli said. "We have an opportunity to really make a significant change in the auto industry." LaSorda said Nardelli is a strong manager who has helped companies grow and he is happy to be working with him.
Kraintz says "parallel street" could help
Manchester wants to revitalize its Historic Town Center commercial and retail area, south and north of Manchester Road between Highway 141 and Sulphur Springs Road.And an initial conceptual proposal presented to the Board of Aldermen calls for a secondary 3,000-foot "parallel street" in the area of Second and Park streets, just south of and parallel to Manchester Road, to allow better access to businesses and to allow customers to avoid traffic snarls on Manchester.Franz Kraintz, the city's director of planning, zoning and economic development, told the board July 16 a revitalization plan stems from the city's 2003 comprehensive plan and is geared to pursue economic opportunity in the city's commercial corridor.He said the new road would create a "main street" within a proposed central business district that would have street-level retail stores with offices or homes on second and third stories.An entry, or "slip" ramp, could lead to the new road from Manchester and allow traffic to slow down when entering the parallel road, "which would be our Historic District gateway, featuring open space and plazas, and wide sidewalks and a lot of landscaping," Kraintz said.
Market insight: Central banks share blame for credit bubble
The global credit bubble is bursting. This bubble is primarily leverage financing for owning risky assets. The people who were responsible for what happened played with other people's money, marketed arcane financial products with false promises of fat profits, but stuffed their own pockets with big bonuses. Neither these masters of the universe nor their greedy but naïve investors deserve to be bailed out. They deserve what is coming to them. The central banks bear equal responsibility in the current debacle. After 9/11, central banks cut interest rates dramatically and provided the cheap money for this leverage bubble. They must not flood the world with liquidity again to sustain this bubble or create another. The central banks should focus on price stability, not financial market stability, and should provide liquidity only to contain the multiplier effect of the bubble bursting on the economy.
Linesville beekeeper bulks up bee hives
Standing in a field of wildflowers with a light cloud of cedar smoke enveloping him and the hive, Charlie Vorisek gently removed one frame, pulling it out to reveal a mound of hundreds of honey bees. Linesville beekeeper bulks up bee hives By Ryan Smith 08/12/07 — By Ryan Smith .
Veteran sent to the crease in Tory bid to dominate the summer
As a cricket fan who kept the nation waiting during a weekend game while he decided whether to stand for the Tory leadership in the summer of 1995, you know John Redwood means business when he stirs in August. On Friday, the former cabinet minister will return to the political front line when he presents a long-awaited report to the Tory leadership on how to improve the competitiveness of the British economy. .
Former Home Depot chief is handed reins at Chrysler
AUBURN HILLS, Mich. - Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive officer was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring. Bob Nardelli, who left Home Depot Inc. in January after a shareholder rebellion over his outsize pay, was named chairman and CEO of Chrysler LLC, replacing Tom LaSorda, who is taking the No. 2 slot. The changes came just three days after the private-equity firm Cerberus Capital Management LP acquired a majority stake in Chrysler. .
Pathways to the future: Success stories in the Valley
In September 1995, the Washington County Board of Developmental Disabilities launched a new and innovative program called Pathways Employment Solutions.
Essentially, it is an employment service. The goal of the program is a �quest� for gainful employment and self-sufficiency for young and older adults with disabilities, according to Jan Powell, adult services supervisor.
�We are committed to doing everything possible to meet the needs and desires of people with disabilities,� she said. �We provide support to community business when they partner with us, and we are grateful for businesses that give our people opportunities.�
Since that program was launched, and even a decade before the community employment component began, the thrust has been jobs for adults, either at the sheltered workshop (WASCO) on Muskingum Drive or in the community.
Billionaire made Beloit his business
As a young boy growing up in Janesville, Ken Hendricks was always busy finding odd jobs around the neighborhood -- mowing lawns, raking leaves, clearing snow from sidewalks. When he couldn 't find the time to do the work himself, he organized a crew of friends to help him out. He needed the extra manpower, because by age 8, he was busy enough hauling bundles of shingles up a ladder after school for his father, a building contractor in Janesville. "I had to work every night, so they were out mowing the grass, " Hendricks said. "I think we charged three bucks for grass and I would get a buck and they would get two bucks. They wanted to pick up some extra money but they didn 't feel comfortable, I guess, walking up to a door and asking for the money. " .
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