Orange County declares State of Local Emergency

first_img Please enter your comment! Orange County Mayor Teresa Jacobs Issues Countywide Burn Ban to Help Prevent FiresOrange County Mayor Teresa Jacobs, in her capacity as Director of Emergency Management, which includes unincorporated and incorporated areas of Orange County, issued today a local state of emergency to protect citizens, visitors and properties from extreme fire conditions.“As Mayor, my top priority is the health safety and welfare of our citizens,” said Orange County Mayor Teresa Jacobs. “It is urgent that we receive full cooperation with Orange County’s just announced burn ban. As a region, we are deeply aware of the threats posed by the weather, and our extremely dry conditions. Through the issuance of Executive Order 17-01, which includes the formal burn ban declaration, I am authorizing the full use of Orange County’s public safety resources to implement and maintain this ban.”During the State of Local Emergency, all outdoor burning is banned within the unincorporated and incorporated territory of Orange County, unless a written permit is first obtained. Officials are asking citizens to cooperate and comply with all necessary emergency measures.The order follows a period without extensive rain, which has resulted in a severe drought and extremely unsafe fire conditions. The conditions constitute a clear and imminent threat to the lives and property of the people of Orange County.The current dry conditions create a situation that allows wildfires to start easily and spread quickly. Dry vegetation and ground cover ignite readily from discarded cigarettes, campfires, lightning and other sources. Once started, wildfires will grow rapidly and spread quickly due to high winds and dry conditions. Shifting wind conditions can cause wildfires to change paths without notice.“Orange County Fire Rescue recognizes the extreme danger of current conditions and stands ready to rapidly respond to wildfires,” said Orange County Fire Chief Otto Drozd III. “The department has deployed additional firefighters on brush and woods trucks, which are off-road vehicles capable of responding to wildland fires. Contingency plans are in place to staff additional units as weather conditions dictate.”Firefighters are on alert for unauthorized open burning and other conditions that present a risk to public safety. Orange County Fire Rescue will work cooperatively with its partners at the Florida Forest Service and law enforcement to reduce fire dangers and ensure complianceOrange County Fire Rescue has responded to numerous wildfires this month, with firefighters reporting aggressive, fast-moving fires as a result of current conditions. The department reminds citizens to take the following actions to protect their families and homes from fire danger:Create a 30-foot area of “defensible” – clean and green – space around your homeClear trash and dead vegetation from your front and backyardsRemove leaves and debris from roof and guttersHave a plan and an emergency kit packed in case an evacuation is ordered, especially if your home directly abuts wildlandsMonitor local media for updates on road closures, smoke conditions and other hazardsUse extreme caution when grilling, camping and discarding cigarettesCall 911 if you see smoke or fire in your areaDownload the OCFL Alert app and OC Alert LEAVE A REPLY Cancel reply Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 The Anatomy of Fear Share on Facebook Tweet on Twitter Please enter your name here Support conservation and fish with NEW Florida specialty license plate TAGSOrange County Mayor Teresa Jacobs Previous articleAHS Drama ready to improviseNext articleCan Smith continue a legacy that began in 1970? Dale Fenwick RELATED ARTICLESMORE FROM AUTHOR You have entered an incorrect email address! Please enter your email address here Save my name, email, and website in this browser for the next time I comment.last_img read more

Recent Posts

  • finance boss in the wars after hitler gag

    first_img whatsapp KCS-content AS A hack, it gets frustrating to be confronted with a deafening silence when asking any financier to stand up and publicly defend the industry against politically-motivated attacks – especially when the same hotshots are perfectly happy to shoot their mouth off when cornered in private.But, refreshing as it is to find an exception to the rule, there’s something to be said for keeping a sense of perspective.“It’s a war,” Blackstone Group chief executive Stephen Schwarzman said of the ongoing fight between US politicians and private equity firms over increasing the tax burden for the industry, according to Newsweek. “It’s like when Hitler invaded Poland in 1939…”Comparing the US administration – and, by default, President Barack Obama himself – to a genocidal dictator? That’s got to be quite the most bizarre comparison The Capitalist has ever heard, particularly coming from a Jewish businessman.Unsurprisingly, Blackstone’s spinners are refusing to comment on their boss’ unfortunate choice of words – though behind the scenes, they’re presumably doing their nut.AW, SHUCKSCalling the foodies of the City – especially any competitive souls who sometimes feel left out by the number of sporting stand-offs among the financial community.As those who know their seasonal ingredients will be aware, British oysters are at their best when there’s an “R” in the month – meaning that we’ve got just over two weeks until the season begins.It’s an occasion that you’d expect traditional restaurants to mark, and Green’s on Cornhill, the venue set up last year in the old Lloyds banking hall, is no exception. The restaurant and bar is planning a big party for the 1 September, I hear, involving teams of eager City workers competing in an “oyster shucking championship”.Apparently, there’s an art to getting into those slippery little suckers – and though it’s not as easy as it looks, Green’s is offering to teach interested parties how to go about it ahead of the competition. Those in search of bragging rights – or a way to impress their dates on a romantic night out – should apply for more information within…TOP-CLASS ROMPThroaty chuckles reverberated around the City A.M. office yesterday as it emerged that bookie Paddy Power has put out odds on which adult film company will be the first to produce the world’s first 3D porn film.Romping home as the favourite (sorry, couldn’t resist) is a 3D “Sex and Zen: Extreme Ecstasy” from Hong Kong director Christopher Sun – in at 5/6 and whipping the competition (a 3D remake of “Caligula” by Italian director Tinto Brass at 2/1 and Hustler’s upcoming porn version of James Cameron’s Avatar at 3/1) into submission.GETTING SHIRTYInvestec is really upping the ante with its sports sponsorship programme, just over a year after announcing a high-profile deal to sponsor the horseracing Derby.And yesterday, the South African bank added football club Tottenham Hotspur to its list, having sealed a deal to sponsor the team’s shirts in all cup competition ties – including European club competitions, FA Cup and League Cup matches – over the next two years. finance boss in the wars after hitler gag Show Comments ▼ Monday 16 August 2010 8:07 pm whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.com Tags: NULLlast_img read more

  • Lloyds launches a thirty-year sterling bond

    first_imgWednesday 15 September 2010 8:42 pm Share Show Comments ▼ LLOYDS Banking Group launched a rare 30-year senior sterling bond yesterday, capitalising on the upbeat tone of the credit markets and on demand from pension funds and insurers for long-dated sterling assets.The bond deal is the bank’s first ever sterling issue with a 30-year maturity, an official with the bank said.Initial guidance on the bond was at UK gilts plus around 250 basis points.“There is natural demand from UK pension funds and insurers because they have long-duration liabilities such as annuities,” said one financial sector analyst at a UK-based asset manager.Lloyds has done relatively few senior bond deals this year, but this month has joined in a rush by European banks to raise cash via the bond markets. Banks have seized the chance to tap cash-rich investors and take advantage of positive sentiment towards credit versus equities due to fears of a fresh economic slowdown.At the start of September, for example, Lloyds raised £1.04bn with a five year senior bond at a spread of 200 basis points over mid-swaps.The managing banks on the 30-year deal are Lloyds, Barclays and HSB. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com KCS-content Lloyds launches a thirty-year sterling bond center_img whatsapp Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comlast_img read more

  • BUY ONE GET ONE FREE

    first_img Share SPECIAL offers made up 37 per cent of goods by volume sold in supermarkets in September, according to research by Nielsen. The record high beats last year’s Christmas rush, when 34.5 per cent of goods were bought through special offers. Turnover at supermarkets grew 5.1 per cent in the quarter to 2 October. whatsapp BUY ONE GET ONE FREE whatsapp Show Comments ▼ Tuesday 12 October 2010 8:42 pm KCS-content More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Tags: NULLlast_img read more

  • London office rents suffer as demand wanes

    first_img Show Comments ▼ London office rents suffer as demand wanes KCS-content Share OFFICE rents in London and other European capitals rose at a slower rate and demand fell in the last three months, prompting experts to warn that public spending cuts could stunt a recovery in deals.Demand for office space in London, Moscow and Stockholm drove a modest 0.7 per cent rise in prime rents between the start of July and the end of September, according to the office rental index in Jones Lang Lasalle’s third quarter European Office Clock.That compared with 2.6 per cent in the second quarter, 1.2 per cent in the first quarter and -0.8 per cent in the third quarter last year. Demand for space dipped slightly in the period, although it was 36 per cent higher than a year ago, the study of 24 markets showed. Moscow led the rise in rents with a 6.3 per cent lift, followed by Stockholm with 5.4 per cent and London on 2.9 per cent. Rents were unchanged elsewhere, although rents in the Spanish capital Madrid fell 2.7 per cent and in Barcelona by 2.5 per cent. Jones Lang Lasalle said occupiers were committing to deals more as economic growth returned, but consolidation and churn was driving activity. Discounting and a space shortage is supporting demand in many markets. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushcenter_img Tags: NULL whatsapp Monday 25 October 2010 8:18 pm whatsapplast_img read more

  • Electrolux beats forecast as it spruces up brand

    first_img ELECTROLUX, the world’s second-biggest home appliances maker, yesterday reported a smaller-than-expected fall in quarterly earnings and said it was confident it could reach its full-year margin goal.But the maker of appliances under brands including Frigidaire, Zanussi and AEG-Electrolux – which has carried out several rounds of cost-cutting and moved to emerging markets – said the market “continues to be volatile”.Electrolux reported third-quarter adjusted operating profit of 1.98bn Swedish Krona (£188m) compared with a forecast of 1.64bn Swedish Krona. “Strong growth in Latin America and Asia/Pacific partly offset lower sales volumes in Europe and North America,” the group said in a statement.The Stockholm-based company is trying to revamp its image and appeal to affluent Indian customers in a bid to boost profit as its more traditional markets slow down. “The market continues to be volatile, and different types of stimulus measures make the forecasting of developments difficult, not least in North America,” the company said. Share KCS-content whatsapp Wednesday 27 October 2010 8:16 pm whatsapp Show Comments ▼center_img Electrolux beats forecast as it spruces up brand by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Tags: NULLlast_img read more

  • Why switching accounts must be made less of a challenge

    first_img Show Comments ▼ Current accounts play a cornerstone role in retail banking and yet are a major barrier to greater competition in the sector. All too often customers say it is just too much hassle to change.As a result, inertia rules. Switching rates on current accounts are as low as six per cent, compared to 20 per cent or even 30 per cent for other financial products like credit cards and mortgages.At the Co-operative Bank, we’ve seen a 38 per cent increase (in 2009) in current account sales, with a big rise in customers moving from the big four banks. While this is testimony to the strength of and trust in our brand, the fact remains that the UK continues to have one of the lowest switching rates for primary bank accounts in the EU.This matters because if the banking crisis has taught us anything, it is the need for greater diversity in financial services.As a member-owned business Co-operative Financial Services has an important role to play in providing more diversity – and choice – to customers.So we really need to find a solution that makes switching your current account as easy as changing your utility provider or your mobile phone number. I believe there is a need for a dedicated working group to find a way to make switching easier. One issue it should consider is the introduction of a portable bank account for personal customers.Neville Richardson is chief executive of Co-Operative Financial Services Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof whatsapp whatsapp Share Wednesday 8 December 2010 7:41 amcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com John Dunne Why switching accounts must be made less of a challenge Tags: NULLlast_img read more

  • MySpace cuts staff by near half

    first_img Show Comments ▼ News Corporation’s MySpace is slashing its staff by nearly half, as the former internet social networking leader recalibrates its operations as an entertainment website. The restructuring will affect about 500 employees, or 47 per cent of the company, across all divisions and regions, chief executive Mike Jones said yesterday. Once the top Internet social networking site, MySpace has been eclipsed in recent years by Facebook. MySpace said it will enter into “strategic local partnerships” in Britain, Germany and Australia to manage advertising sales and content. In Britain, MySpace will work with Fox Networks, while details about partnerships in Australia and Germany are still being finalised. KCS-content whatsapp whatsapp MySpace cuts staff by near half Sharecenter_img Tags: NULL More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Tuesday 11 January 2011 7:36 pmlast_img read more

  • Earnings rise at Wells Fargo and US Bancorp

    first_img whatsapp Wednesday 19 January 2011 8:23 pm Show Comments ▼ Earnings rise at Wells Fargo and US Bancorp WELLS Fargo and US Bancorp said despite lending profits being squeezed by low interest rates, improving credit quality helped both banks post higher-than-expected fourth-quarter earnings.The banks reported substantial improvements in nonperforming loans and reduced the funds set aside to cover bad loans. Wells Fargo posted a 21 per cent increase in fourth-quarter profit, helped by an $850m (£532m) reserve release. The bank said earnings rose to $3.4bn, or 61 cents a share, meeting analysts’ expectations.US Bancorp posted a 61 per cent jump in net income as the regional bank released $25m in loan loss reserves. The reserve release was its first since the financial crisis began in 2008. The bank’s earnings per share of 49 cents beat analysts’ average estimate by three cents. Share More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com KCS-content Tags: NULLlast_img read more

  • What the other papers say this morning

    first_imgWednesday 9 February 2011 8:47 pm Share What the other papers say this morning KCS-content FINANCIAL TIMESTPG LOSES ANOTHER SENIOR ASIA EXECUTIVEMary Ma, a Chinese executive at TPG Capital, is leaving to start a fund, joining other mainland executives from western buy-out firms who will start out on their own. Ma, former chief financial officer of Lenovo, joined TPG’s Asia team as managing director and a partner in 2007.EX-REGULATOR CALLS FOR RETURN OF BANK DIVIDENDSWeak banks and those in receipt of state aid must be allowed to resume dividend payments while they build their capital reserves or the broader economy will suffer, a former top US bank regulator has warned. “Preventing profitable banks from paying reasonable dividends impedes bank lending and economic growth,” Bill Isaac, former US Federal Deposit Insurance Corporation chairman, said.INVESTORS SIGNAL APPETITE FOR GREEN BANK PLANNick Clegg will on Thursday seek to thrash out an agreement on the size and scope of the green investment bank as a clutch of Britain’s biggest institutional investors write to David Cameron signalling they would be willing to invest in the government’s flagship initiative. Investors representing over £500bn in assets told the prime minister that they would have appetite for green investment bank bonds.BAD FORECASTS HURT BANK’S REPUTATIONAusterity, snow and banks’ health have all perturbed economic forecasters this past year. Many complain they now also have a rather erratic central bank to deal with. It is impossible to find respected economists who believe the conspiracy theory that the Bank of England’s monetary policy committee is deliberately trying to inflate away Britain’s debts.THE TIMESTAXPAYER FACES LOSSES ON BANK’S MONEY-PRINTING SCHEMEThe Bank of England is at risk of recording billions of pounds of losses on its money-printing scheme as government bond values sink, according to analysts. Estimated profits on the Bank’s holdings of UK government bonds, or gilts, have fallen from £26 billion in August last year to £10 billion today, according to research by Henderson Global Investors.FOUNDERS TO MAKE £60M AS WILLIAMS TRIES TO HARNESS POWER OF THE PLCThe founders of Williams Grand Prix will make up to £60 million when it becomes the first Formula One team to float its shares. Sir Frank Williams said that the team would be valued at about €265 million (£225 million) after its stock market listing early next month.The Daily TelegraphSKY JOINS FORCES WITH HBO TO MAKE SECOND SERIES OF STRIKE BACKBSkyB is to make its first co-production with the American cable network HBO/Cinemax, in a deal thought to be worth over £10m. The agreement will see Sky’s SAS drama Strike Back, made by the independent production company Left Bank Pictures, return for an extended second series of 10 episodes.QE SAFEGUARDED 3M AMERICAN JOBS, SAYS FEDERAL RESERVE CHIEF BEN BERNANKEThe Federal Reserve’s quantitative easing programme may have safeguarded 3m jobs in the US, Ben Bernanke told Congress, as he also sought to dismiss concerns about the threat of inflation. The central bank’s chairman said that recent work research at the Fed suggested that the two rounds of QE have provided real support to the country’s jobs market.THE WALL STREET JOURNALHEDGE FUNDS HURT BY BETS AGAINST EUROThe euro’s gyrations this year have taken hedge funds by surprise, saddling some of the biggest names in the currency markets with losses. FX Concepts, an $8 billion currency-focused hedge fund in New York, struggled with losses as Europe’s shared currency unexpectedly surged last month. OIL-DRILLING BOOM UNDER WAYOil-drilling activity in the U.S. has accelerated to a pace not seen in a generation as energy companies, oilfield contractors and landowners rush to exploit newly profitable sources of crude. The number of rigs aiming for oil in the U.S. is the highest since at least 1987, according to Baker Hughes Inc. The 818 rigs tallied last week are nearly double last year’s count. center_img whatsapp Show Comments ▼ whatsapp Tags: NULLlast_img read more

  • Public borrowing and inflation rise

    first_img whatsapp John Dunne Share Public borrowing and inflation rise More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com whatsappcenter_img Tuesday 22 March 2011 6:05 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Show Comments ▼ Public borrowing recorded its worst February since records began, and inflation surged more than expected to a 28-month high, official data showed.The news comes as Chancellor George Osborne puts the final touches to his 2011 Budget due on Wednesday, and is also likely to worry Bank of England policymakers trying to wrestle inflation back to its two per cent target.The Office for National Statistics said consumer price inflation rose to 4.4 per cent in February from 4.0 percent in January, significantly higher than the 4.2 per cent forecast by economists.Higher housing costs, domestic heating bills and clothing prices drove the increase in CPI, the ONS said.Retail price inflation, which is based on a longer-running index and is used as a starting point for many wage negotiations, rose to 5.5 per cent from 5.1 per cent, its highest since July 1991.The ONS said that public sector net borrowing totalled £10.280bn in February, up from 8.105 billion pounds for the same month in 2010 and well above economists’ median forecasts of 8.0 billion pounds.The government’s preferred measure, PSNB excluding financial sector interventions, rose to £11.771bn. Both measures were the highest for a month of February since records began in 1993.The figures mark a sharp turnaround from January, due to an unwinding of the exceptional receipts for self-assessed income tax received in that month. Tags: NULLlast_img read more