| 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.
On Campus News
North Elementary School will have a parent-teaching orientation from 5 p.m. to 7 p.m. Thursday in the school cafeteria. Teachers and parents will have an opportunity to discuss the expectations of the students, policies, procedures and requirements for promotion. Opelosuas High School OHS teachers have been very busy preparing for the start of the school year. The administration gave an extensive and intense workshop on the various aspects of the life of a teacher, including records, cum cards, lesson plan writing, school improvement, crisis management, and a number of other topics. The school-wide theme for the 2007-08 school session is Reconnect, Redesign, Restructure and Real Life - the 4 R's. Teachers were encouraged to reconnect with the students and their needs and to raise the expectations we have for them.
MortgageBrokers.com Continues Strong Growth, Adds Estimated CAD$120 Million in Mortgage Originations
MortgageBrokers.com Financial Group of Companies Inc., a subsidiary of MortgageBrokers.com Holdings Inc. (OTC BB: MBKR - News), announced that it has signed an agreement with several experienced and established mortgage brokers in Canada. Mortgagebrokers.com anticipates that these individuals will generate an additional CAD$120 million in mortgage origination for the Company. Mortgage professionals Anna Faulkner, Eileen Mercer, Theresa Szeto, Denise Barnes, Linda Nguyen, Pauline McInnes, Norman Slinn, Shawna Gayford, Domenic Bui and Cindy Ho will operate exclusively under the MortgageBrokers.com brand and share a percentage of their net profits with the Company. These signings are the latest in a string of press releases from the Company announcing the continuing build-out and execution of their business strategy to become one of North America's largest and fastest growing mortgage brokerage firms.
Chrysler chief's reputation still in rags
NEW YORK–Opportunity knocked, and Robert Nardelli missed it. If he had really wanted to begin rehabilitating his tarnished reputation, he could have started his CEO job at Chrysler by publicly promising he wouldn't accept a penny in pay. Instead, the former Home Depot chief executive officer, who left the home-improvement retail chain in January with a controversial $210 million (U.S.) severance package, stayed mum on what he would be making while he tries to lead struggling Chrysler out of its funk. Chrysler officials fed the media tidbits about his $1 a year salary. But none would provide details about any performance-based bonus Nardelli could collect if he managed to help reverse the automaker's slide. Technically, Chrysler and Nardelli had no obligation to talk about his pay at all.
Chrysler gets a new driver
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 CEO of Chrysler LLC, replacing Tom LaSorda, who is taking the No. 2 slot. The changes came three days after 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 ... 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.
Gaza facing economic disaster, U.N. warns
The Gaza Strip will soon become entirely dependent on foreign aid and face "disastrous consequences" if the Hamas-run territory remains sealed off, the U.N. warned on Thursday. A Palestinian business group, meanwhile, estimated that at least 120,000 Gazans could lose their jobs if the closure continues. Israel and Egypt closed their crossings with Gaza to all but humanitarian aid after the Islamic militant group Hamas violently seized power in the coastal strip in June, exacerbating the poverty among the 1.4 million residents. However in a special case, Israel on Thursday allowed the last of more than 6,300 Palestinians stranded in Egypt since the closure to return home to Gaza. The military said the last 475 crossed the Egypt-Israel border at Nitzana in the Negev desert, and were then escorted to the Israel-Gaza border at Erez, about 43 miles to the north to end an 11-day operation.
India's outsourcers move to the next level
MUMBAI - "Join the competition before it becomes serious competition" seems to be the hot new strategy for India's business processes outsourcing (BPO) industry, with global leaders such as Wipro - India's third-largest software company - setting up its own BPO centers in countries such as China, Romania, the United States and Egypt.
The seller turning buyer gives an intriguing twist to the global outsourcing business, worth US$930 billion last year and
expected to grow at 15% annually to amass $1.4 trillion by 2009 and dominated by India. That domination is under threat, and the empire is striking back.
T K Kurien, Wipro's chief executive officer for BPO, told the media that his company is setting up two Chinese BPO centers, in Shanghai and Chengdu, to provide accounting and financial services by next month.
City firms team up to meet Xfm task
TWO Capital-based creative agencies have joined forces to design an innovative "concept space" for a popular radio station. Xfm Scotland wanted an empty shop in the fashionable Multrees Walk area to become the home to their temporary headquarters during the Edinburgh Festivals. .
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