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Louisville eclipses million-dollar milestone in surplus sales

LOUISVILLE, Ky. -- Mayor Jerry Abramson today announced that the city has "unloaded" more than a million dollars worth of surplus government vehicles, equipment and other items through online auctions.

Metro Government sells obsolete and other surplus items through its website, LouisvilleKy.gov, and GovDeals.com, an online service similar to eBay. The $3,760 sale of a Case International 585 tractor to a bidder in Cookeville, Tenn., recently brought the total funds generated through the online auctions to more than $1 million.

"The online auctions are a creative way this government is operating efficiently and effectively for our citizens," Abramson said. "We're unloading items that have outlived their useful life for government, and in doing so creating a revenue stream and reducing warehouse space."

Abramson said the online auctions often generate more money than traditional auction-house auctions because items are up for bids around the clock and the online auctions allow more people - virtually from anywhere - to participate.


5 State Governments announce auctions of SDL 2017

The following State Governments have announced the sale of 10-year State Development Loans for an aggregate amount of Rs.1,837.000 crore through a yield based auction using multiple price auction method.

Sr. No. State Notified Amount

(Rs. crore)

1. Gujarat 400.000

2. Maharashtra 500.000

3. Mizoram 47.000

4. Nagaland 140.000

5. Rajasthan 750.000

Total 1837.000

The auction will be conducted by the Reserve Bank of India (RBI) at Mumbai on April 19, 2007 (Thursday).


Bidding war for La Tasca

A multi-million pound bidding war has broken out for La Tasca, the Bolton-based Spanish themed restaurant chain.

After yesterday's announcement that the board of La Tasca had recommended an offer of 185p per share from the Tragus Group, owner of the Cafe Rouge and Bella Italia restaurant chains, Kaupthing, the Icelandic bank working in tandem with Robert Tchenguiz's R20 investment vehicle, has announced that it is to offer 188p a share for the company.

The new offer values La Tasca at £98.6 million.

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A US carbon market could learn from Europe -IETA

NEW YORK, April 19 (Reuters) - The United States has an opportunity to learn from mistakes made in the Europe Union's carbon trade, but the longer it waits to create a market on greenhouse emissions, the more it stands to loose, board members of a global emissions carbon trading group said.

"The U.S. has a chance to catch up and learn from the mistakes that were made in the European Union and I think that is a tremendous opportunity," Patrick Verhagen, a vice president of cement maker Holcim, and a board member of the International Emissions Trading Association, told reporters.

The emissions group met on Thursday in part to discuss the opening of an office in Washington, D.C., its first in the United States, to lobby the government on the possible creation of a greenhouse gas market.


Other Winning Korean Bids Could Impact PyeongChang 2014 Bid

Some International Olympic Committee (IOC) members see winning bids by Daegu and Incheon for the athletic championships and the 2014 Asian Games, respectively, having an impact on PyeongChang's bid for the 2014 Winter Olympic Games.AFP reports two International Olympic Committee (IOC) members said that while PyeongChang had lobbied very well, it's almost unthinkable that PyeongChang could go one better than when they bid for the 2010 Games finishing a close second to Vancouver, and win the Winter Games.According to AFP, an Asian IOC member said under condition of anonymity, "Incheon winning the right to host the Asian Games has killed PyeongChang's bid. Because there is no way Asian IOC members will tolerate South Korea having both the Asian Games – the biggest multi sports event in the world in terms of number of sports and athletes - and having the most prestigious sports event of that year (2014) the Winter Olympics."Another IOC member from Europe, also speaking anonymously, said it was highly unlikely that Koreans would record a hat-trick of victories in winning the right to host major competitions this year.



 

 

 

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