Treasurys Little Changed Despite Strong TIPS Sale Oct 6, 2009
09 percent and its discount rate stood at 0. 08 percent. (ABC News -- Wire)
Appointment Book Oct 5, 2009
Member and Hamot employee discount rate available. -Morning exercise classes at Hamot Wellness Center; call 877-7030 to register for any class or session listed: -- Mondays: Boot Camp, 6 to 6:45 a.m.; SilverSneakers II Cardio Circuit, 9:15 to 10 a.m. -- Tuesdays: Step Aerobics, 6 to 6:45 a.m.; SilverSneakers I Muscular Strength, 9:15 to 10 a.m. or 10:15 to 11 a.m.; Cardio Drill, 11:15 a.m. to noon. (Erie Times-News, PA)
'Good Tidings' celebrates 50 years in Cornwallville Oct 5, 2009
A wind turbine project aimed at selling electricity at a discount rate to area residents is in the works. We should complete the wind study sometime in 2010, Borman said. (Catskill Daily Mail, NY)
'HAPPY Act' supports families who support beloved animals Oct 2, 2009
HAPPY Act' supports families who support beloved animals - USATODAY.com. HAPPY Act' supports families who support beloved animals. (USA Today -- Life)
Aura Minerals Completes Preliminary Assessment Study on Serrote Deposit of Arapiraca Project Oct 1, 2009
The expected after tax net present value ("NPV") is $325 million at a 10% discount rate and the after tax internal rate of return ("IRR") is 25. 4. (CCNMatthews Press Releases)
LOCAL GOVERNMENT SUES WEB-BASED TRAVEL BUSINESSES Sep 26, 2009
The online companies remit taxes only on the lower discount rate and not on the actual price paid by the customer. As a result, the commissions, cities and counties are losing millions of tax dollars that are essential to paying for tourism related expenses, the press release states. (Pine Bluff Commercial, AR)
* Taipower discount plan saves public billions in rate fees Sep 25, 2009
Taipower decided to increase the maximum discount rate to 30 percent as of July this year, Chen said. Households and elementary and junior high schools that reduce their monthly usage by 10 percent or more this year will be eligible for a discount of up to 30 percent. (Taipei Times, Taiwan -- World)
CarMax cashes in on 'clunkers Sep 25, 2009
In the year ago period, net income was negatively impacted by a reduction of 8 cents per share for CarMax Auto Finance unfavorable items, including increases in cumulative net loss assumptions, a reduction in the fair value of retained subordinated bonds and an increase in the discount rate. But even with those accounting items, CarMax CEO Tom Folliard gave some credit to Uncle Sam. (Milwaukee Business Journal, WI)
Taiwan Central Bank May Keep Interest Rate Unchanged on Signs of Recovery Sep 24, 2009
Governor and his board will leave the discount rate on 10-day loans to banks at a record-low 1. 25 percent, according to all 12 economists by Bloomberg. (Bloomberg -- Asia)
* ADB raises growth outlook for Asia Sep 23, 2009
The report said Taiwans economy would contract more than expected this year, despite government fiscal stimulus measures targeted at both consumers and businesses and a reduction of the benchmark discount rate by 238 basis points to 1. 25 percent from last September to February this year. (Taipei Times, Taiwan -- Business)
Gerdau Ameristeel Reports Early Adoption of International Financial Reporting Standards for the Year Commencing January 1, 2009 Sep 23, 2009
US GAAP - US GAAP requires the use of a discount rate that produces an amount at which the liability theoretically could be settled in an arm's-length transaction with a third party. Additionally, the discount rate should not exceed the interest rate on monetary assets that are essentially risk-free and have maturities comparable to that of the liability ... IFRS - IAS 37 "Provisions, Contingent Liabilities and Contingent Assets" requires a provision or contingent liability to be discounted... (PR Newswire)
6-month T-bills at record low - again Sep 22, 2009
The Treasury Department auctioned $29 billion in six-month bills at a discount rate of 0 ... Another $29 billion in three-month bills were auctioned at a discount rate of 0 ... The discount rates reflect that the bills sell for less than face value. (Boston Globe)
Cathay Forest's Jatropha Investment Receives Valuation Report From Poyry Sep 19, 2009
The report was positive on the condition of the Jatropha assets and cited a net present value estimate of the existing plantation of approximately USD$70 million based on a cash flow of 40 years using a discount rate of 11. 5. (CCNMatthews Press Releases)
End the Fed -- A Preview Sep 17, 2009
The series was unsigned but was written by a NMC member, Charles A. Conant, and made the usual arguments for elasticity, but added additional functions that the central bank could play, including manipulating the discount rate and gold flows as well as bailing out failing banks. Pamphleteering, scholarly statements, political speeches, and press releases by merchant groups followed. (The American Conservative)
It's game on in real estate Sep 16, 2009
The Age: national, world, business, entertainment, sport and technology news from Melbourne's leading newspaper. John KavanaghSeptember 16, 2009. (Sydney Morning Herald -- Business)
6-month T-bill rates at a record low Sep 15, 2009
The Treasury Department auctioned $29 billion in six-month bills at a discount rate of 0 ... Another $29 billion in three-month bills were auctioned at a discount rate of 0 ... The discount rates reflect that the Treasury bills sell for less than face value. (Boston Globe)
Stimulating DSM Investment as a Product within Utility Portfolios Sep 12, 2009
EnergyPulse - Insight Analysis and Commentary on the Global Power Industry. Free Newsletter Sign up today for your free subscription to the EnergyPulse Weekly Update - delivered directly to your e-mail box. (Energy Pulse, CO)
Announcement of an Approbatory View of the Tender Offer for the Company's Common Shares by Quantum Entertainment Corporation Sep 12, 2009
Based on its trial calculation using the DCF Method taking into account the Tender Offerors Plans (provided that the discount rate identical to that of the DCF Method based on the Tender Offerors Plans shall be applied), ABeam Multing Ltd. reported that the result of JPY 1,331 to JPY 1,515 is appropriate. Furthermore, upon a review of the proposal of the Tender Offeror concerning the Tender Offer, the Company appointed PwC Advisory Co., Ltd., an outside third party, as its financial... (Yahoo! Wire -- Entertainment News)
Announcement of Commencement of the Tender Offer for Shares in YOSHIMOTO KOGYO CO., LTD. Sep 12, 2009
Based on its trial calculation using the DCF Method taking into account the Offerors Plans (provided that the discount rate identical to that of the DCF Method based on the Offerors Plans is applied), ABeam reported that the result of JPY 1,331 to JPY 1,515 is appropriate ... Based on its trial calculation using the DCF Method taking into account the Offerors Plans (provided that the discount rate identical to that of the DCF Method based on the Offerors Plans is applied), ABeam... (Yahoo! Wire -- Entertainment News)
Public Information Notice: IMF Executive Board Reviews the Low-Income Country Debt Sustainability Framework and Adopts a More Flexible Policy on Debt Limits in IMF-Supported Programs Sep 10, 2009
Application of the rule for setting the discount rate. Directors broadly agreed that the present rule for setting the discount rate effectively balances the requirement of linking the discount rate to market rates with the need to avoid frequent changes in the discount rate ... A change in the discount rate to 4 percent, as required by the rule, would have only a limited impact on borrowing countries. (IMF News)
* CPI shrinks for seventh straight month Sep 8, 2009
The discount rate stands at a record low of 1. 25 percent. (Taipei Times, Taiwan -- World Business)
Northland Moves to Feasibility Study after Positive PEA on Kaunisvaara Iron Ore Concentrate Project Sep 7, 2009
- Using a discount rate of 8%, the Project has a potential Net Present Value (NPV) of USD 393 million and an Internal Rate of Return (IRR) of 21 ... A real discount rate of 8% and a USD:SEK exchange rate of 1:8. (CCNMatthews Press Releases)
Vista Announces Paredones Amarillos Gold Project Feasibility Study Update Results and Provides Project Update Sep 3, 2009
3 years ------------------------------------------------------------------------- NPV at 5% Discount Rate (pre-tax) $128. 9 million $150. (PR Newswire)
Axiom NZ Provides Details on Exclusive Upcoming 'Brightest on the Planet' LED Product Launch Aug 31, 2009
"Only those virtually attending this event will be given access to an exclusive product discount rate that is guaranteed to surpass any other technology and turn a few heads," continued Stephanie Prather. Commenting on the Brightest on the Planet Launch, Axiom NZ Founder and LED systems pioneer and patent holder, Manuel Lynch stated, "From the seaside towns in New Zealand, to the streets of Durban South Africa, to the sun drenched shores of Brisbane Australia, and to the high volume... (PR Newswire)
Cop, resident honored for community service Aug 22, 2009
Kerr was also recognized by the selectmen for his efforts in working on various projects in town for free or at a discount rate. He helped fix up the old baseball field behind Kennedy School that named after the late Frankie Flint as well as helped develop the Sean Joyce Soccer Field. (Holbrook Sun, MA)
Chariot Resources Advises Shareholders of Unwarranted Proxy Contest Launched by Lundin Dissidents Aug 21, 2009
00/lb for copper and a discount rate of 8%, the pre-tax net present value (NPV) of the Mina Justa Project is US$609 million on a 100% equity basis, with an internal rate of return (IRR) of 20. 2. (CCNMatthews Press Releases)
Regional Roundup Aug 19, 2009
Also, for Dial-A-Ride customers, there will be a new group discount rate starting September 1. The fare will be reduced by 0. (Lodi News Sentinel, CA)
Pakistan lowers interest rate as economy improves: official Aug 16, 2009
In April, the bank decreased the discount rate by one percentage point in a sign that the economy was stabilising ... Power shortages and security issues have hurt growth and the likely increases in oil and power costs may renew inflationary pressure," he said. In November, the International Monetary Fund (IMF) set an increase in the discount rate as a pre-condition for a 7.6-billion-dollar credit line for Pakistan, to stave off a looming balance-of-payments crisis. The IMF agreed earlier this... (Yahoo! Asia News)
Storm Exploration Inc. Is Pleased to Announce Its Financial and Operating Results for the Three and Six Months Ended June 30, 2009 Aug 14, 2009
The discount rate used to establish the present value is 8. Future costs to abandon and reclaim Storm's properties are based on an internal evaluation of each of the Company's properties, supported by external data from industry sources. (CCNMatthews Press Releases)
BELLUS Health reports results for first half of fiscal 2009 Aug 12, 2009
The Company estimates the fair value of the New ABCP Notes using a probability weighted discounted cash flow approach, based on its best estimates of the period over which the assets will generate cash flows, the coupon interest rate, the discount rate to apply to the net cash flows anticipated to be received commensurate with the return on comparably rated notes in accordance with the risk factors of the different investments and other qualitative factors ... These future cash flows were... (PR Newswire)
Carpathian Receives a Robust Preliminary Economic Assessment Study for its RDM Gold Project, Brazil Aug 12, 2009
TORONTO, ONTARIO--(Marketwire - Aug. 12, 2009) - Carpathian Gold Inc. (TSX: - ; the "Corporation" or "Carpathian") is pleased to announce the results of the Preliminary Economic Assessment Study ("PEA" or the "Study") on its 100% owned Riacho dos Machodos Gold Project ("RDM" or the "Project) located in Minas Gerais State, Brazil. The PEA was compiled by a consortium of engineering companies led by NCL Brasil Ltda ("NCL") of Belo Horizonte, Brazil. The Study is based solely on the open pit... (CCNMatthews Press Releases)
Pakistan pileson IMF debt Aug 11, 2009
The central bank cut the discount rate by 100 basis points (or 1 percentage point) to 14% in its last quarterly statement, yet this is not enough to reduce the bank's lending rate and to stimulate economy. Some analysts forecast that the country's $146 billion economy will expand by as little as 0. (Asia Times Online)
First United Corporation Announces Second Quarter Earnings Aug 11, 2009
This increase is a result of the decline in market value of the plan assets and the lower discount rate. We have also recognized increases in other expenses directly attributable to the FDIC special assessment of. (PR Newswire)
DC Fair to feature new memorial garden Aug 7, 2009
Existing trees were taken into account, and uni-lock bricks were provided at a discount rate from Williams Lumber of Rhinebeck. The project is meant to provide money to the fairgrounds scholarship funds. (Hudson Register Star, NY)
Aloha FlexShip offers air cargo discount Aug 2, 2009
Aloha Air Cargo is launching its FlexShip service with an introductory discount rate of 18 cents a pound. Aloha Air Cargo. (Honolulu Advertiser)
When It Comes To Going Green, People Want Smaller Gains Now, Not Bigger Gains Later Jul 31, 2009
Just how much people downplay what would happen in the future is called the discount rate ... Employing a formula used by economists, "with our particular scenarios and measurement techniques, [we] found annualized discount rates that averaged out to roughly 34 percent for monetary and environmental gains and 9 percent for losses," Hardisty said ... Finally, the discount rates in this study were dramatically higher than would be predicted by economic theory. (Science Daily)
Unfazed by Data, Stocks End Mixed Jul 29, 2009
To meet the reserve, the Fed has what's known as the discount window, which allows banks to borrow money for a short period of time at a higher interest rate (called the discount rate) than the official Federal Funds rate ... The Fed, too, doesn't like banks borrowing this way, which is why the discount rate is always higher than the target rate. (Fox News)
San José mine reserves increased by 8% in contained silver and 16% in contained gold between June 30, 2008 and December 31, 2008 Jul 29, 2009
00 per ounce of silver and a discount rate of 7%, is US$103. 4 million. (Canada Newswire)
Yamana Gold Declares Commercial Production at Gualcamayo and Announces Construction Decision for its C1 Santa Luz and Mercedes Projects Jul 23, 2009
The updated financial analysis is based on a gold price of US$900 per ounce and a 5% discount rate resulting in an initial after-tax net present value of approximately US$142 million ... The financial analysis is based on a gold price of US$825 per ounce and a 5% discount rate resulting in an initial after-tax net present value of approximately US$138 million. (PR Newswire)
PG&E looks to raise rates 6.5% in 2011 Jul 22, 2009
The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0 ... Another $31 billion in six-month bills was auctioned at a discount rate of 0. (Fresno Bee)
Kyoto and the Stern Review of Climate Change Jul 22, 2009
The model -- though not the real world - reduces this puzzle to determining the discount rate that should be used to evaluate future benefits. A simple example might feature being able to continue enjoying the marvellous beach life on the west coast of Sweden in future summers, while the estimated (or presumed or postulated) present cost of achieving this goal might involve altering Sweden's energy architecture in such a way as to include more wind turbines and natural gas, while promoting a... (Energy Pulse, CO)
Invasion of customer privacy? Jul 21, 2009
A well known Valley drug store is now operating as CVS. Items that are reduced are only available at the discount rate to those carrying cards. What 00004000 s up with this trend that requires a customer to carry a card in order to receive a sale price. (Fresno Bee -- Opinion)
Paris Derivatives Jobs Burn Up as Market Rues BNP Paribas, SocGen Exotics Jul 20, 2009
The next week the U.S. cut the discount rate it charges banks by 50 basis points to 5. 75 percent, the first of 12 reductions. (Bloomberg)
Canceled Democratic fundraiser back on Jul 17, 2009
While it's $1,000 per golfer, a foursome can play for the discount rate of $3,750. PLEASE NOTE. (Chippewa Falls Chippewa Herald, WI)
Australia landsin Chinese soup Jul 14, 2009
Although South Korea and Japan agreed to import iron ore at a discount rate of 33% less than last year's price, China has been holding out with the demand for a reduction of up to 45. China holds the aces in this haggling game because it is the world's largest importer of iron ore and accounts for nearly 80% of Australia's exports of the raw material. (Asia Times Online)
Platmin to early convert to International Financial Reporting Standards Jul 13, 2009
Under Canadian GAAP, asset retirement obligations are measured at fair value, incorporating market assumptions and discount rates based on the entity's credit-adjusted risk-free rate ... However, changes in discount rates alone do not result in a re-measurement of the provision ... Changes in estimates that decrease the liability are discounted using the discount rate applied upon initial recognition of the liability while changes that increase the liability are discounted using the current... (Canada Newswire)
Northland Power Income Fund Announces Further Amendments to NPI Merger and Support of Major Unitholders Jul 12, 2009
This has been recorded as a liability at a discounted fair value of $19,767,500 using a discount rate approximate to the Fund's estimated borrowing rates for loans of similar maturity. The accounting treatment and presentation of this acquisition could be different until the actual closing in January 2010. (CCNMatthews Press Releases)
Administration officials face scrutiny over business meeting Jul 12, 2009
Resorts in San Francisco, Los Angeles and San Diego were far more expensive than the Biltmore's summer discount rate of $85 per room. And the federal agency didn't even consider Las Vegas over fears that such a meeting would be perceived as no work and all play. (AZCentral -- Business)
The great public-sector pension rip-off : Dodging the bill Jul 11, 2009
The first is the potential longevity of the employees; the second is the discount rate applied to future benefits. The higher the discount rate, the smaller the liability appears to be ... There is a lot of debate about the right discount rate to use, but the conservative approach is to take the cost of government borrowing. (The Economist)
4-Star Stocks Poised to Pop: FLIR Systems Jul 10, 2009
Free cash flow is very strong and the company is at a discount to even a 10% fcf growth rate (w/ a 8% discount rate). Barriers to entry are high and the company is well known as an industry leader. (MSNBC -- Business)
Unsatisfactory state Jul 10, 2009
The choice of discount rate is crucial ... In a paper last year Robert Novy-Marx and Joshua Rauh, of the University of Chicago, found that if states put their pension assets into a highly geared S&P 500 exchange-traded fund (an extremely risky portfolio), the implied discount rate would yield a surplus big enough to pay off all outstanding state bonds and provide a $5,000 dividend to every American citizen ... That suggests the discount rate should be the Treasury bond yield, considered the... (The Economist)
Shafter mine study comes back positive Jul 7, 2009
A pre-tax net present value of 23 million at a 5 percent discount rate. An estimated initial capital expenditure of under 40 million. (Alpine Avalanche, TX)
Merchant Advisory on the MasterCard Agreement to Prepay Future Payments at a Discount Jul 7, 2009
The Agreement equates to a discount rate of approximately 8% on an annual basis and it eliminates all market risk, while offering numerous other advantages not available in the context of the securitization. As with the securitization, if the court approves the agreement, Lead Counsel will be able to make lump-sum distributions of the residual MasterCard payments to Class Members with approved claims instead of making installment payments over the next four years of any residual amounts. (PR Newswire)
South Asia Jul 5, 2009
Al-Qaeda planned and financed the mission because its key sanctuaries in the border areas with Afghanistan have been "violated'. - Syed Saleem Shahzad (May 28,'09) INTERVIEW General David Petraeus, the commander of United States Central Command, addresses head-on a wide range of sensitive issues, from "enhanced interrogation techniques" to Afghan civilian casualties. Some of his comments, though, contradict earlier reports, such as his thoughts on US troop withdrawal from Iraq. (May 27,'09) The... (Asia Times Online)
Appointment book Jun 29, 2009
Member and Hamot employee discount rate available. -Morning exercise classes at Hamot Wellness Center; call 877-7030 to register for any class or session listed. (Erie Times-News, PA)
Protesting pool's rules Jun 28, 2009
This protest was in response to not letting a lesbian couple get the family discount rate recently. More News. (Pocatello Idaho State Journal, ID)
Hampton toll fee to increase July 1 Jun 27, 2009
Dual tire vehicles will be charged an additional $1 and the E-Z Pass discount rate will continue at 30 percent for New Hampshire private account holders and at 10 percent for New Hampshire business account holders. The state DOT says the additional money raised will help fund the Open Road Tolling project at the Hampton toll plaza, which is expected to include two center lanes of free-flowing traffic in both directions, according to the DOT. Construction for that project is expected to begin... (Seacoast New Hampshire)
Bonds Rise After Strong Auction of 7-Year Notes Jun 26, 2009
Its discount rate stood at 0. 17 percent. (ABC News -- Wire)
Pakistan counts the cost of war Jun 25, 2009
In this scenario, the central bank would be unable to reduce the discount rate, creating a high interest environment that would have an adverse impact on investment and growth. Total external debt increased to $50. (Asia Times Online)
Public Service Company of Colorado Advocates a Resource Selection Process that Places Ratepayers at Risk by Favoring Fossil-Fuel Resources Over Renewables Jun 25, 2009
1 PSCo's assumptions for discount rate, fuel price escalation, and CO2 costs favor fossil-fuel over renewable resources ... In conjunction with PSCo's high discount rate, these faulty assumptions select natural gas and coal-fired generation over wind and concentrating solar power resources ... A high discount rate masks the impacts of escalating costs. (Energy Pulse, CO)
Arian Silver Releases Independent Preliminary Economic Assessment Report; Mining of More Than 2 Million Ounces of Silver Proposed Jun 23, 2009
Arian's Chief Executive Officer, Jim Williams, commented today, "We are very encouraged by the robust economics to support contract mining and milling, illustrated by this report, at our San Jose Project. The results of the PEA validate our plans to move forward in the near-term with underground mechanized mining using contract mining and toll milling, subject to funding. Utilizing the underground workings developed by the former operators and the infrastructure on site, we plan to advance... (CCNMatthews Press Releases)
First Uranium comments on results released June 17, 2009 Jun 19, 2009
NPV is calculated using a nominal discount rate of 8 ... NPV is calculated using a real discount rate of 8 ... In making the forward-looking statements in this news release, First Uranium has made several material assumptions, including but not limited to, the assumption that: (i) operating and capital cost estimates, metal prices, exchange rates and discount rates applied in the preliminary economic assessment for the Ezulwini Mine and the prefeasibility study for MWS are achieved; (ii)... (PR Newswire)
How much are electric utilities spending to save a kilowatt-hour through energy-efficiency programs? Jun 17, 2009
Utilities do not report to EIA the expected duration of savings from their programs, nor do they report the discount rates they use for economic analysis, so we had to make assumptions for both of those values ... Dan York, a project director with the American Council for an Energy-Efficient Economy (ACEEE), cautions: "Applying a universal discount rate to efficiency savings is difficult at best as some utilities lean to the conservative side and will apply discount rates as low as 3 percent to... (Energy Pulse, CO)
Six-month T-bills hit low for year Jun 16, 2009
Yesterday, the Treasury Department auctioned $30 billion in six-month bills at a discount rate of 0 ... The discount rates reflect the fact that the bills sell for less than face value. (Boston Globe)
Rates on 6-Month Treasury Bills Hit Low for Year Jun 16, 2009
The Treasury Department on Monday auctioned $30 billion in six-month bills at a discount rate of 0 ... Another $31 billion in three-month bills was auctioned at a discount rate of 0. (ABC News -- Wire)
