| Steelback won't stop race support
The restructuring of insolvent Steelback Breweries is raising questions on whether the company can meet some of its sponsorship commitments, but an organizer for a major car race here says there won't be any change at his event. Charlie Johnstone, president of the Grand Prix Association of Toronto, said yesterday Steelback's new management has assured the venerable July race that "it's business as usual" in maintaining the company's title sponsorship. Johnstone said he is set to meet next month with the Sherman family whose Wasanda Enterprises controls Steelback and D'Angelo Brands, a related insolvent beverage company. "I don't have any reason to expect that they won't go ahead with the sponsorship," Johnstone said, adding that the Shermans "love the event." Earlier this year, Steelback trumpeted a new four-year contract for naming and so-called pouring rights for the auto race, which was known as the Molson Indy for many years.
Bahamas gets its feet wet in convention business
The Bahamas is only beginning to see a wave of convention business float its way as the result of a tax agreement allowing Americans to write off those trips. But it's exactly where that new business is flowing that has some concerned. "We have seen some business since the (tax agreement), but certainly not to the level we wanted or what Nassau hotels have," said Kirk Aulin, GM for The Cove Eleuthera, a 26-room luxury resort with on that Family Island. "I don't know that the tax advantages in coming to The Bahamas are being marketed as well as they could be, or if the meetings opportunities in the Out Islands are being marketed as well." Ministry of Tourism numbers may back him up. While Nassau/Paradise Island took in 75 percent of the country's business meetings last year with Grand Bahama claiming another 20- to 25-percent most of the remaining gigs went straight to one Family Island resort Exuma's Four Seasons.
European govt bonds higher on stock market weakness, liquidity concerns
LONDON (Thomson Financial) - European government bonds remained higher as stock markets around the world fell lower on continued fears over financial write-downs and liquidity concerns. Equity markets continue to dominate investors' risk appetite, with any drop immediately boosting government debt prices. "Spill-over effects from the subprime crisis, the credit crunch and worries about economic downturn are beginning to play on consumer confidence," said David Brown at Bear Stearns. Whereas central banks continue to stress the risks of higher inflation, short-term interbank lending has dried up once again, posing renewed liquidity problems to the financial sector. Brown said this is filtering through to the rest of the economy, putting pressure on not only business confidence, but consumers as well ahead of the Christmas season.
ELI® Unveils New Website. Training Firm's Site Focuses on Solutions for Building a Civil Workplace
ELI has redesigned its corporate website to provide easier access to resources and tools for building a lawful, ethical, and professional workplace. The site was officially unveiled at an event for ELI's Client Master Certified Instructors in October. Atlanta, GA (PRWEB) November 21, 2007 -- ELI unveiled its newly redesigned website at an event for the company's Client Master Certified Instructors in October. The new site features improved functionality, greater interactive capabilities, and easier access to downloads and other resources for building a civil workplace. "Our goal with the redesign was to make it easier for visitors to find the information and tools they need," says ELI president Stephen M. Paskoff, Esq. "The new site really puts relevant news, trends, and program information at the user's fingertips." .
Principles for assessing Northern Rock proposals
Northern Rock has released a statement today on the indicative expressions of interest it has received covering a range of options for the business. HM Treasury, on behalf of the Tripartite Authorities is today publishing a statement of principles which sets out how the Tripartite Authorities currently expect to approach proposals for the future of Northern Rock and its business, in particular considering the objectives against which the Tripartite Authorities expect to assess proposals received by Northern Rock. As explained on 11 October, the Tripartite Authorities' objectives in relation to Northern Rock are to protect taxpayers; to promote financial stability; and to protect consumers. The specific objectives of the FSA are set out in Part I of the Financial Services and Markets Act 2000.
SAC chairman elected for next year
The executive committee of the Student Activities Council elected Wharton and Engineering junior Eric Van Nostrand as their new chairman earlier this month.
SAC is responsible for dispersing funds to the over 200 student groups on campus and serves as a liaison between student groups and the University administration.
Nostrand, who defeated one other candidate for the position, sat down with The Daily Pennsylvanian last night to discuss how he plans to increase SAC's visibility on campus while reducing the student groups' debt.
The Daily Pennsylvanian: What are your goals for the year?
Eric Van Nostrand: Something I've discussed with the board a lot … is that in recent years, we focused a little too much on the funding.
We haven't done the best job we really can and should be doing in being the first line of defense for student groups, such as when they have internal … or external disputes.
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