Electronics-waste bill passes House and Senate

first_imgOn March 23rd, the Vermont House of Representatives approved a broadly supported bill that would provide free and convenient recycling of electronic waste to residents, charities, schools, and small businesses in the state. S.77, which received tri-partisan support in the House and Senate, now makes its way to the Governor’s desk for the final step in the legislative process.”This is an incredible victory for consumers,” said Charity Carbine, environmental health advocate for the Vermont Public Interest Research Group (VPIRG). “Instead of storing old computers in their basements or waiting for once a year collection events, Vermonters will now be able to easily and responsibly recycle their e-waste for free.”Unlike traditional recycling programs, S.77 requires electronics manufacturers to share in the cost and responsibility of collecting and recycling their products. So-called “producer responsibility” programs are gaining momentum as states and municipalities acknowledge the role that manufacturers must have in the end-of-life management of their products. Vermont is the 21st state in the United States to pass this type of legislation for electronic waste. Europe, Canada and Asia also have producer responsibility laws for electronics as well as other products. Producer responsibility programs also provide powerful incentives for manufacturers to design their electronics to last longer and to exclude the toxic materials that make recycling so difficult and expensive.  The popular LCD TV is perhaps the “poster child” for how electronics are not designed with recycling in mind, because of both material selection and physical design. Inside a typical 40 inch LCD flat panel TV, there are 22 thin, fragile lamps containing mercury, which light the TV screen. The entire TV must be disassembled to get access to these bulbs, making replacement of bulbs and harvesting them in the recycling process difficult and expensive. (Source: Electronics Takeback Coalition)S.77 requires manufacturers of electronic goods to provide convenient collection options for Vermont consumers to drop off their televisions, computers and computer related equipment at no cost. The program is paid for by the manufacturers of those types of products. Vermonters will not see an increase in the price of their electronic products as a result of this legislation.  “In Vermont, municipalities, solid waste districts, and taxpayers bear the financial burden of grappling with e-waste”, said Jen Holliday, Environmental and Safety Compliance Manager for Chittenden Solid Waste District and coordinator for the Vermont Product Stewardship Council. “We have no control on how these products are designed, manufactured, marketed and sold, but ultimately it is local government that is left with trying to capture and recycle these products when they are being discarded. This legislation changes that model and provides the consumer with a convenient and consistent state-wide collection system that we lack today.” Rapid advances in technology and the emergence of new electronic gadgets make the electronics the fastest growing waste stream in the United States. The U.S. Environmental Protection Agency estimates  that in 2007, the US generated over 3 million TONS of e-waste. Approximately 1.5 million pounds of discarded electronics were collected in Vermont in 2008 alone. Source: CSWD. 3.26.2010###last_img read more

New visa requirements to enter Guyana

first_imgNewsRegional New visa requirements to enter Guyana by: – February 6, 2012 37 Views   2 comments Sharing is caring! Visitors to Guyana will now be allowed a maximum of a three-month stay in the country and required to pay US$25 for each month in the country.GEORGETOWN, Guyana, Monday February 6, 2012 – All travellers to Guyana will be issued with a visa on arrival.These new procedures following a Cabinet will now see four categories of visas for people entering the country. Those are visitor, employment, student and business.Speaking during a recent Press conference, Guyana’s Home Affairs minister, Clement Rohee explained visitors to Guyana will now be allowed a maximum of a three-month stay in the country and required to pay US$25 for each month in the country.Employers bringing someone to Guyana to work now have to pay US$140 for a three-year employment visa and a similar sum for every renewal, while student visas will also cost US$140 for a three-year period, and a similar amount for renewal.However, all those entering Guyana for business will also pay US$140 for an business visa which will be valid for up to five years, and a similar sum for its renewal.Speaking during a Press conference recently, Rohee said Guyana had several reciprocal agreements that allowed certain categories of visitors to enter the country without visas.However, he said cited global trends and the need for Guyana to accelerate its development and liberalise its immigration policies as the recent for the change that took effect in May 2011.These global trends include the demands of globalization, initiatives like the CARICOM Single Market and Economy, and social issues like the Trafficking In Persons, drugs, fugitives from other countries and terrorists.Initial reports indicate that the new policy has been working smoothly with authorized embassies and consulates abroad being allowed to issue the visas under specified conditions. Those conditions are listed on the Ministries’ of Home and Foreign Affairs, and the Guyana Police Force’s websites.Caribbean 360 News Sharecenter_img Tweet Share Sharelast_img read more

Katongo: Pressure’s on SA

first_imgChristopher Katongo feels the pressure the Bafana Bafana players will be under to impress Gordon Igesund might play to Zambia’s advantage when they clash in the Nelson Mandela Challenge.Chipolopolo are in town to face South Africa at the FNB Stadium on Wednesday, and skipper Katongo believes that Igesund’s players have a lot to prove to their coach ahead of the 2013 Africa Cup of Nations.Katongo explained to Football411: “It is a new team with Pitso (Mosimane) gone and all these players want to prove themselves to the coach so they can have a place in the AFCON squad.“So it is not gonna be easy for them, but as for us we have the same players and nothing has been changed so we know each other. We don’t have pressure,” he added.Kick-off for Wednesday’s clash is 20:00 at Soccer City in Johannesburg.last_img read more

Wells Fargo and BofA Report Strong Q3 Financial Results

first_imgWells Fargo and BofA Report Strong Q3 Financial Results in Daily Dose, Data, Headlines, News, Origination, Servicing October 14, 2015 833 Views Sharecenter_img Bank of America Earnings Statement Net Income Revenue Wells Fargo 2015-10-14 Staff Writer Wells Fargo reported a net income of $5.8 billion, or $1.05 per diluted common share, an increase of 1 percent year-over-year, according to the bank’s 2015 third quarter earnings statement released Wednesday morning.Bank of America also posted strong financial results, with a third quarter net income of $4.5 billion, or $0.37 per share, the bank’s earnings statement showed.Wells Fargo’s strong third quarter results was led by growth in loans, deposits, and capital, and positive credit quality.The bank saw strong growth in loans and deposits, with total average loans of $895.1 billion, up 7 percent or $61.9 billion year-over-year. As of September 30, 2015, total loans were $903.2 billion. Quarter-end loans rose $64.4 billion to $903.2 billion, while total average deposits increased $71.8 billion to $1.2 trillion.Revenue at Wells Fargo totaled $21.9 billion, an increase of three percent from $21.2 billion last year. Driven by growth n investment securities and loans, net interest income rose $187 million from the second quarter of 2015 to $11.5 billion in the current quarter.  Meanwhile, the company’s net interest margin was 2.96 percent, down 1 basis point from last quarter.John Stumpf, chairman and CEO of Wells Fargo noted that the strong third quarter results “reflected the ability of our diversified business model to generate consistent financial performance in an uneven economic environment while continuing to meet our customers’ financial needs.””Compared with a year ago, we grew loans, deposits and capital, and returned more capital to shareholders through dividends and share buybacks. Our balance sheet and credit results remained strong and our 265,000 team members continue to focus on helping our customers succeed financially.”Mortgage banking noninterest income fell $116 million from the second quarter to $1.6 billion, Wells Fargo reported.  In addition, residential mortgage originations were $55 billion in the third quarter, down $7 billion linked quarter. The production margin on residential held-for-sale mortgage originations was 1.88 percent, compared with 1.75 percent in the previous quarter. Net mortgage servicing rights (MSRs) results were $253 million, compared with $107 million in second quarter 2015.Bank of America’s year-to-date net income totals $13.2 billion or $1.09 per share. Revenue declined $521 million to $20.9 billion from last year, mostly driven by higher negative market-related adjustments on their debt securities portfolio sue to lower long-term interest rates.Net interest income for the bank also fell $702 million to $9.7 billion year-over-year due to lower consumer loan balances and lower yields. Meanwhile, noninterest income rose $181 million to $11.2 billion from last year, reflecting increases in mortgage banking and card income, higher asset management fees, and other income.The company originated $13.7 billion in first-lien residential mortgage loans and $3.1 billion in home equity loans in the third quarter of 2015, compared to $11.7 billion and $3.2 billion, respectively, in the year-ago quarter.Bank of America CEO Brian Moynihan explained that the “solid results” in the third quarter reflected the execution of their “long-term strategy.””The key drivers of our business–deposit taking and lending to both our consumer and corporate clients–moved in the right direction this quarter and our trading results on behalf of clients remained fairly stable in challenging capital markets conditions. Our balanced approach to serving customers and clients is on track as the economy continues to move forward.””Our results this quarter reflect our ongoing efforts to improve operating leverage while continuing to invest in our business,” said Paul Donofrio, CFO at Bank of America. “We built capital and liquidity to record levels and grew total loans for the second consecutive quarter while continuing to operate within our risk framework.”Click here to view Wells Fargo’s earnings statement.Click here to view Bank of America’s earnings statement.last_img read more