Muthoot Fin will consolidate between Rs 150-160: Tulsian

Investment Advisor, SP Tulsian feels that Muthoot Finance will consolidate between Rs 150-160.

Tulsian told CNBC-TV18, "When Muthoot Finance went public I express my view that I see a fair value of about maybe Rs 160 on the listing, so they should not have come off IPO beyond Rs 150. And now since the share reached almost to my level but because of the weak market sentiments it is not helping. So maybe between Rs 150-160 it will consolidate or it will settle for sometime where once we see the results coming in from the company for March quarter then probably the renewed buying will start at these levels but in my view it seems to have bottomed out.”

He further added, “Paramount Print is a classical case of the operator rigging the stock because we have seen 2 kinds of moves. One happens on the listing and one happens maybe after a week or so. So this falls in the latter category where the operator has become active and he has started mopping up the share ultimately to find an exit.”

“The kind of dull response now we see from the traders, they are not really participating in these kinds of operator driven stocks because they have understood the modus operandi of all these operators. So it will be difficult for the, so called operators to exit from the stock. Maybe the things will hover between Rs 32-36 but purely on a fundamental basis I won’t attribute a value of more than Rs 10 to this stock.”

Retiring Greenfield Fire Chief Believes in Consolidation

Even before deciding to retire as the Greenfield Fire Department chief, and before Governor Scott Walker's budget proposal tightened the strings of local municipalities even further, Russ Spahn was a strong proponent of consolidating services.

Now, he believes its probably unavoidable.

"There’s no reason why we don’t consolidate and make things better," Spahn said Monday afternoon while discussing his retirement with Greenfield Patch.

Spahn said the department already works so well and so closely with other departments within Zone D (Franklin, Greendale and Hales Corners) that the departments cannot do "any more without breaching contracts. The next step is true consolidation."

"We each have a big ladder," Spahn added. "Do we each need a big ladder? Not necessarily. Do we each need backup equipment at each station of each department? Not necessarily. Could we overlap in personnel and equipment? Absolutely. It’s a waste of the taxpayers' dollars not to (consolidate).

"It has to be done correctly and wisely, but chiefs before me and me included have offered up proposals and options of various levels of consolidation. But it’s the politicians that make the final decisions and it hasn’t come to be. However, now I think those conversations will be more serious because of what the governor is doing and where the economy is. People are going to demand it."

Consolidation, even if done properly, as Spahn said, is not a cure-all to the budget woes fire departments are facing, according to the retiring chief. Consolidation or not, the Milwaukee County fire service landscape will look completely different five years from now compared to how it does now, and not necessarily for the better, he said.

"Based on the laws and the changes the governor is making as a result of the economics and as a result of the taxpayer taking a stronger interest than ever with what their government is doing for them, you’re going to see some major changes as it relates to consolidation, huge downsizing, loss of services," Spahn said. "Services will suffer."

Northshore School Board consolidates junior high football programs

The Northshore School Board recently voted to consolidate the districts' football programs at the junior high level.

All interested ninth-grade students will play on a freshman team at their respective high schools, and any seventh or eighth-grade students interested in playing tackle football will need to join their local junior football programs.

Inglemoor Junior Football will be offering supplemental registration on Saturday, May 21st at the Kenmore Taco Time from 11 a.m . to 4 p.m., where coaches and board members will be answering questions and registering potential players.

The program will also be fielding a flag football team for children ages 5 and 6, as well as tackle football for children 7-14.

Jersey City mayor: consolidation proposal would 'strip' residents 'of their culture and identity'

A plan by two council members to consolidate some city and county agencies would 'strip the good residents of Jersey City of their culture and identity,' Mayor Jerramiah Healy said in a statement.

Earlier today, Downtown Councilman Steve Fulop and Ward C Councilwoman Nidia Lopez said they want the city to explore consolidating services to save taxpayer dollars and eliminate duplication of services.

Both want to fold the Jersey City Economic Development Corp. into the Hudson County Economic Development Corp, while Fulop wants to combine the city's and county's cultural affairs departments, too.

Their proposal was slammed in a statement released by Healy, who said the plan was nothing more than a "self-serving press release" designed to further Fulop's "personal, political agenda."

The city's and county's cultural affairs departments are similar in name only, Healy said.

"The Jersey City tax dollars that are dedicated to the Division of Cultural Affairs go directly back to support Jersey City-based cultural events, programs and institutions, while the bulk of HCCA work is spent administering county-wide grants from the state and federal government," Healy said.

Merging the city's and county's EDC agencies, meanwhile, would "threaten Jersey City's position as the economic engine of our state," Healy said.

"Councilman Fulop has shown his ignorance not only for the basic principles of municipal government, but for the way our city works and how our communities thrive," Healy said.

Full statement below.

Statement of Mayor Healy Regarding Councilman Fulop’s Press Release on Merger of City EDC & Cultural Affairs with Hudson County Offices

Once again, Councilman Fulop is illustrating his ignorance of our city’s rich and lengthy history. Jersey City is a city of the First Class, the most diverse city in the County, and the economic engine of the State. Every year, we hold dozens of events celebrating our diversity and our civic pride and showcasing the variety and depth of our artistic community. It is these types of events that not only contribute to our pre-eminence as a cultural destination, but that serve to unite us as a community.

This measure by Councilman Fulop and Councilwoman Lopez would serve to strip the good people of Jersey City of their culture and identity, and would transfer the autonomy of our EDC – an independent non-profit that receives no funding from city property tax dollars – to a county agency that is responsible for several other municipalities. In fact, this proposal would dedicate Jersey City taxpayer dollars to funding arts and economic development in other towns aside from Jersey City.

Councilman Fulop has issued a campaign press release in the attempt of gaining political traction, but has instead turned his back on our varied cultural and ethnic groups, our visual and performing artists, and our small business community. This proposed consolidation would also threaten Jersey City’s position as the economic engine of the state, as we would relinquish our ability to market our city as a destination for new business.

Merging services between a city and county or two municipalities, for example, makes sense when in fact there is a duplication of services. It was my administration that took the lead on this by merging the City Office of Veterans Affairs and the service of weights and measures inspections with the County when duplications existed. My staff continues to meet with their counterparts in neighboring municipalities to discuss the potential for shared services and as we downsize government we are eliminating the duplication of services.

However, while the Jersey City Division of Cultural Affairs and Hudson County Cultural Affairs have similar names, their missions are completely different. There is no duplication of services. The Jersey City tax dollars that are dedicated to the Division of Cultural Affairs go directly back to support Jersey City-based cultural events, programs and institutions, while the bulk of HCCA work is spent administering county-wide grants from the state and federal government.

Likewise, the Jersey City Economic Development Corporation serves to administer the largest and most successful Urban Enterprise Zone program in New Jersey and supports our four Special Improvement Districts, as well as a number of other programs. Both of these offices have served as a model for others around the state and in other parts of the country.

The preliminary research by our Law Department indicates that the City Council does not have the authority under the Faulkner Act to negotiate contracts; rather, that is a function of the Executive Branch of government. Councilman Fulop has shown his ignorance not only for the basic principles of municipal government, but for the way our city works and how our communities thrive, all to once again get a self-serving press release in the paper to further his personal, political agenda.

Furniture Gallery will open at former Havertys in Abilene

"We had an opportunity to consolidate," said Joe Pierce, owner of the local Gallery Furniture chain. "That was really my purpose from the start."

The chain is set to close one of its other Abilene locations, Gallery Plus, on Saturday, Pierce said. Television commercials in recent weeks have touted the impending closure of the store, on South Clack Drive.

Pierce said the approximately 45,000-square-foot former Havertys building will include warehouse and office operations for his company, Pierce Furniture, which will continue to keep open a total of three stores in Abilene. The company also has stores in Sweetwater, Snyder, Big Spring, San Angelo, Early and Lubbock.

Paul Johnson & Associates, a commercial real estate agency in Abilene, facilitated the sale of the former Havertys building, Johnson told the Reporter-News in March. He said the Massachusetts-based property owners agreed to sell the building for $1.5 million to the Pierce Furniture Co..

Pierce said another Gallery Furniture store on South Danville Drive will remain open, selling mostly children's furniture, more rustic furnishings as well as some clearance items.

"The two stores won't really overlap," Pierce said, but "they'll kind of tie together." Also staying open will be the chain's outlet store on Butternut Street, where some slightly damaged items will be sold along with other value items for $499 or less, Pierce said.

"In the last few years, customers want value," Pierce said, although he added, "that doesn't mean they want cheap furniture."

In addition to the closing of the Havertys store last year, Abilene also has seen in recent months the closure of Lacks on Buffalo Gap Road and the abrupt closing of Ashley Furniture HomeStore on Southwest Drive.

An online real estate listing for the Lacks property shows it for sale at an asking price of $1.85 million. Attempts to reach the owners of the Ashley Furniture HomeStore property, Arizona-based Spirit Finance, were unsuccessful Tuesday.

Abilene's Ashley Furniture HomeStore was operated by San Angelo-based Lanford and Bratton Holdings LP, which angered customers by closing without notice and leaving many customers who had paid for their furniture uncertain if they would receive it.

The San Angelo company also ran Ashley stores in Wichita Falls and San Angelo, which similarly closed.

Deliveries weren't made until several weeks after the abrupt closure in November, and it isn't clear if customers who made partial payments have received refunds.

Although an unrelated business owner has reopened an Ashley Furniture HomeStore in Wichita Falls, representatives for that group could not be reached Tuesday.

CONSTRUCTING A GREEN TRANSPORTATION POLICY: TRANSIT MODES AS WELL AS INFRASTRUCTURE

Constructing a Green Transportation Policy: Transit Modes as well as Infrastructure – Select Committee upon Energy Independence as well as Global Warming – 2009-03-19 – With tellurian warming, purify appetite as well as job-creating infrastructure projects tall upon a bulletin for Congress as well as a Obama administration, as well as a nation’s first travel check up for Congressional reauthorization, immature travel measures have been gaining augmenting attention. America’s travel zone is obliged for we estimate one-third of a country’s heat-trapping CO emissions. With these domestic as well as environmental factors as a backdrop, Chairman Edward J. Markey (D-Mass.) as well as Vice Chair Earl Blumenauer (D-Ore.) as well as a Select Committee upon Energy Independence as well as Global Warming hold a conference upon how assorted movement modes as well as a methodology as well as materials to set up a travel complement can revoke tellurian warming as well as cut a coherence upon oil as well as alternative hoary fuels. Panel One: Peter Varga, CEO, Interurban Transit Partnership, Grand Rapids, Michigan; Andy Clark, Executive Director, League of American Bicyclists; Chris Zimmerman, Arlington County, Virginia Board Member; Mr. John Boesel, President as well as CEO, CalStart. Panel Two: Don Weaver, Association of General Contractors Highway Division Chairman; Erika Guerra, Holcim (US) Inc.; Domenic G. Ruccolo, Senior Vice President, Construction as well as Forestry Division, John Deere. Video supposing by a US House of Representatives.

HOW TO SAVE CAR INSURANCE PREMIUM FOR YOUNG DRIVER

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First Time Buyer Mortgage – First Time Home Buyer Tax Credit and Other Mortgage Real Estate Related News

Cyrus updates his clients about the extension of the first time homebuyer tax credit. The completion of the most recent Federal Reserve meeting. Direction of home loan rates, and how you can take advantage of the low rates and the best housing affordability in years

State of the Economy (and your own financial situation). Long. Opinionated. Rambling.

This post has been rambling around for a while. Tweaked, deleted, added to and then tweaked again. Because the LAST thing I want to do is cause issues and a verbal slaughter!

But seriously.

We've hit our debt ceiling. Does anyone really know what that means?

It means that the credit card will not work at Walmart, Target, wherever you try to use it.

It means you have NO liquidity left.

I'm sure anyone reading this has had that gut sinking feeling when the cashier shakes her head at you indicating that it's a no go. Well, that's what America is going to be feeling soon.

Seriously.

I'm concerned. Enough so that I jokingly tell those around me that I feel like I should be stocking up on flour, sugar, water bottles, tuna, batteries, 100 watt light bulbs (I kid!), ammo and whiskey (tequila, vodka, beer) ... because really, what WILL happen to the economy?

Am I for the raising of taxes? I prefer not to because I feel I pay quite a bit as it is already. AND if those in the big house and surrounding areas can NOT figure out how to cut spending then I'm really against giving MORE money for them to continue to spend so carelessly.

I have a budget.

I know that at the end of the month, x y and z are due in this amount. And I also know that I MUST make sure this is paid for every stinkin month.

Why doesn't the government get that?

Tough times call for drastic measures. And I think it's time that they start analyzing just WHAT they can do. Yes, I know it will add to the unemployment statistic (which is bogus anyways, if you are working a mere 10 hours a week, you are considered employed by their standards), but aides, staff and such need to be let go. That will reduce a HUGE overhead cost. I mean, heck, do the aides need aides who have aides to do stuff for them? I work by MYSELF 80% of the time and do it A. L. L. How about turning off some of them lights, turn down the heat, consolidate your trips (ummm, that big helicopter to the BIG jet?). Entertaining? Perhaps reduce that too. I know it's the white house and the president, and no disrespect, but for crying out loud, if the American people are suffering, they really don't want to see you kicking back with a bunch of 'friends' drinking beer, hosting a big eat out (with who knows how much food was wasted because it wasnt' consumed and I somehow don't see the white house serving leftovers every Thursday) watching the basketball game dude! At that point they are NOT feeling jealous but rather anger at the inconsideration.

Ok. So. now that I got THAT out of the way, let me share with you my own personal stuff:

Hubby's company is again being pursued for takeover. AGAIN. Not such a bad thing in my opinion but most likely would result with him being let go (can only have x amount of directors, you know?). My own thoughts are that he could definitely find something else to do, even if its FINALLY doing something on his own. I would support him 100% percent. Of course, the usual drawback is the medical benefits and such.

My company is fighting for leverage this month. No, we are not closing our doors or anything like that. Its just been a painfully slow month business wise. We don't make money IF we dont' do any closings. 2 are on the books so far. TWO. I'm thankful it was slow to start as I was gone on vacation and then attending the funeral, but NOW I'm ready to get back to work! As you know, I work in real estate law. AND while the market is showing SOME life its actually depressing the market as the bank owned properties are selling WAY below what the revenue tax base says they are worth. This will cause more tax adjustments for property taxes and it's NOT going to be pretty. It's one thing to buy a home at a great deal, below market value and another for whole neighborhoods to be bought and sold this way. Brings down the WHOLE value.

Summer is here. Sonny Boy finishes school on Wednesday the 25th (sob). At that point, I will pack him a sack lunch and tell him to go to work and not come home until 5pm. Go find a job that pays for all this extra stuff he expects. I kid, I think, maybe not. It's a thought. I wonder if it will work? He will (hopefully) head mid state for college in late July (sob). This all depends on what kind of financial aid comes through. Florida has cut back drastically on the amount offered through the Bright Futures program, not sure about the rest of the awards that are out there yet.

Princess is plugging away working but I don't really anticipate her leaving the house anytime soon. Not so bad IF she would remember to turn everything off when she leaves, such as ceiling fan, take ac off 74 degree hold so it can go back to 78, etc. She will be going back to school in August which is no big deal since she goes local but of course, books and such will need to be paid for (thanks SWAGBUCKS for the Amazon giftcard offers!).

I have 2 kitties that need to visit the vet soon for a checkup and shots. As they go in and out at will, they need to be kept up to date. Flea medicine will need to be started soon too as summer is the worse and I hate the thought of fleas biting them!

Hurricane season is just around the corner. That means the typical hurricane supply stuff needs to be inventoried and restocked. Not so bad this year I don't think as we've gotten off for a few years. Wet wipes, foil pans, foil, paper products etc will need to be replenished. Candles too I think as I started to use them up finally. Which reminds me that Hubby needs to fire up the generator and be sure thats all in order! I wanted to look at some of these water filter things (Berkley, etc.) to use in addition to my puny annoying Brita ...

My pantries and freezers are bulging again. I don't know HOW that happens and I suppose I should be thankful. I need to attempt to make a serious effort to eat out of the freezers again ... seriously :)

Our gardening season is pretty much over do the strong sun and heat. I ripped out the remainder of my tomato plant (green tomatoes and all). Some of this is because we have MEDFLY issues lately too ... not in my neighborhood, but how do I now for sure? The jalapeno plant is thriving again. Glad I've not ripped it out yet. I need to get my herbs back on track too. Lettuce? Not sure if I can get it to grow now as it's HOT and they don't like it that hot.