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  • ledup111 ledup111 Feb 15, 2013 9:41 AM Flag

    Bloom

    http://www.bloomberg.com/image/iS2rS0rVDogU.jpg

    Don Emmert/AFP via Getty Images

    A waste management worker inspects the Brooklyn Bridge Park on Jan. 10, 2013 in New York.

    New York Mayor Michael Bloomberg said he intends to use his final year in office to push for more recycling and electric vehicles, a curbside food-composting pilot program and a ban on plastic-foam food packaging.

    Feb. 14 (Bloomberg) -- New York Mayor Michael Bloomberg talks about his plans to use his final year in office to push for more recycling and electric vehicles, a curbside food-composting pilot program and a ban on plastic-foam food packaging. He speaks during his final State of the City address in New York. The mayor is founder and majority owner of Bloomberg News parent Bloomberg LP. (Source: Bloomberg)

    In his final State of the City address today, the third- term mayor characterized his 11 years in office as a period in which he made the most-populous U.S. city healthier and more environmentally friendly.

    He strode to the speaker’s platform to Jay-Z’s hip-hop anthem “Empire State of Mind,” after local dance groups entertained officials and business leaders at Barclays Center in downtown Brooklyn. The 19,000-seat arena completed last year is the venue for concerts, the National Basketball Association’s Brooklyn Nets, and in 2015 will be the home of National Hockey League’s New York Islanders.

    Bloomberg, an independent who turned 71 today, touted accomplishments including a record-low 419 homicides last year; a record 52 million tourist visits; an increase in life expectancy to 80.9 years, the longest ever; construction of 100,000 school seats; and a record 3.2 million private-industry jobs. The mayor is founder and majority owner of Bloomberg News parent Bloomberg LP.

    Unfinished Business

    “We have unfinished business and only 320 days to complete it,” he said. “Our goal is not to spend the year cutting ribbons. It’s much bigger than that: Our goal is to advance projects -- and start new ones -- that will keep our city on the right course for decades to come.”

    City Comptroller John Liu, who is planning to run for the Democratic mayoral nomination this year, said the mayor presented a “selective retelling of history” by omitting an unemployment rate above the nation’s, income disparity, legal claims against police and public schools from which only 20 percent obtain a college degree.

    Bloomberg’s 2009 success in changing city election law to permit him to serve a third term was “a great mistake” and an “act of hubris,” Liu said in a statement.

    In his speech, Bloomberg said a requirement that 20 percent of all newly constructed public parking spaces be outfitted to charge electric vehicles would create 10,000 such spots within seven years. The plan would need City Council approval. A pilot program to collect curbside food waste from Staten Island homes to use as compost for parks would expand citywide if successful, cutting down on the 1.2 million tons of scraps sent to landfills each year.

    Targeting Foam

    “One product that is virtually impossible to recycle and never bio-degrades” is plastic foam, said Bloomberg. “Something that we know is environmentally destructive and that may be hazardous to our health, that is costing taxpayers money and that we can easily do without, and is something that should go the way of lead paint.”

    The mayor referred to plastic foam by the brand name Styrofoam. Nancy Lamb, a spokeswoman for Styrofoam maker Dow Chemical Co., said the company’s product is used in insulation, though not in cups, trays and food containers.

    Plastic foam makes up an estimated 20,000 tons of the city’s annual waste, according to the mayor’s office. A ban on the substance, which also needs clearance from the City Council, would follow similar action by lawmakers in Los Angeles, San Francisco, Portland and Seattle.

    Health Initiatives

    Since taking office in 2002, Bloomberg has pushed public- health programs, both as a philanthropist and as mayor in control of a $1.5 billion-a-year health department. He’s banned artery-clogging trans-fat food additives and workplace smoking; raised tobacco taxes; increased testing for HIV, cholesterol and blood pressure; required restaurant chains to post the calorie content of menu items; and limited sugary drinks in food-service establishments and arenas to 16 ounces.

    New York will make its largest purchase of electric automobiles this year, adding 50 to the municipal fleet, according to the mayor’s office. A pilot of two curbside chargers will allow drivers to fill batteries in as little as 30 minutes, compared with the current eight hours. One will be open to the public, the other to taxi drivers. Both will be in Manhattan.

    Recycling Push

    Last year, Bloomberg, a former Republican, unveiled a goal to double the city’s recycling rate to 30 percent by 2017. He plans to double to 2,000 the number of containers to allow the public to separate and dispose of glass, paper and plastic bottles. A new recycling plant set to open in Brooklyn will accept plastic items that weren’t previously recyclable, including salad containers and yogurt cups.

    “We’ll start by making recycling easier for everyone,” the mayor promised. “As we recycle more plastics, we’ll also begin recycling food waste.”

    The mayor vowed the city would bounce back from Hurricane Sandy, the so-called superstorm that caused 43 deaths in the city, flooded tunnels and subways, and damaged tens of thousands of homes.

    City beaches devastated by erosion and battered boardwalks will be open by Memorial Day weekend, he said. He promised to present a long-term plan by May to prevent extended power outages and ensure adequate gasoline supplies and hospital services. He also said would protect transportation facilities from future storms.

    Connecting Students

    The city would spend $1 million to support nonprofit groups to put 1,000 unemployed New Yorkers to work on hurricane relief and recovery projects, he said.

    The city intends to create schools this year “to connect students directly to college and work,” with high schools offering grades nine through 14, two years past traditional secondary education, specializing in occupations such as health care, energy and computer science, he said.

    To continue to develop the city as a tourist destination, the city will create low-cost youth hostels that could accommodate 175,000 visitors a year, creating more than 1,000 jobs, he said.

    The mayor is barred by law from seeking a fourth four-year term.

    To contact the reporters on this story: Esmé E. Deprez in New York at edeprez@bloomberg.net; Henry Goldman in New York at hgoldman@bloomberg.net.



    Metabolix (MBLX) is a bioscience company that develops and is in the process of commercializing environmentally sustainable, economically attractive alternatives to petroleum-based plastics, with work underway to do the same with chemicals and energy. This stock is trading up 11.8% to $1.88 in recent trading.

    Today’s Range: $1.67-$1.85

    52-Week Range: $1.07-$3.48

    Volume: 115,000

    Three-Month Average Volume: 197,432

    From a technical perspective, MBLX is ripping higher here back above its 200-day moving average of $1.72 with decent volume. This move has also pushed shares of MBLX into breakout territory, since the stock has taken out some near-term overhead resistance at $1.78. Shares of MBLX are now quickly moving within range of triggering another major breakout trade. That trade will hit if MBLX manages to take out some near-term overhead resistance levels at $2 to $2.10 and then $2.19 with high volume.

    Traders should now look for long-biased trades in MBLX as long as it’s trending above its 200-day at $1.72, and then once it sustains a move or close above those breakout levels with volume that hits near or above 197,432 shares. If that breakout triggers soon, then MBLX will set up to re-test or possibly take out its next major overhead resistance levels at $2.32 to $2.67. Any high-volume move above $2.67 will then put $3 to $3.20 into range for shares of MBLX.

    Metabolix

    Metabolix (MBLX) is a bioscience company that develops and is in the process of commercializing environmentally sustainable, economically attractive alternatives to petroleum-based plastics, with work underway to do the same with chemicals and energy. This stock is trading up 11.8% to $1.88 in recent trading.

    Today’s Range: $1.67-$1.85

    52-Week Range: $1.07-$3.48

    Volume: 115,000

    Three-Month Average Volume: 197,432

    From a technical perspective, MBLX is ripping higher here back above its 200-day moving average of $1.72 with decent volume. This move has also pushed shares of MBLX into breakout territory, since the stock has taken out some near-term overhead resistance at $1.78. Shares of MBLX are now quickly moving within range of triggering another major breakout trade. That trade will hit if MBLX manages to take out some near-term overhead resistance levels at $2 to $2.10 and then $2.19 with high volume.

    Traders should now look for long-biased trades in MBLX as long as it’s trending above its 200-day at $1.72, and then once it sustains a move or close above those breakout levels with volume that hits near or above 197,432 shares. If that breakout triggers soon, then MBLX will set up to re-test or possibly take out its next major overhead resistance levels at $2.32 to $2.67. Any high-volume move above $2.67 will then put $3 to $3.20 into range for shares of MBLX.

    http://www.bloomberg.com/image/iS2rS0rVDogU.jpg

    Don Emmert/AFP via Getty Images

    A waste management worker inspects the Brooklyn Bridge Park on Jan. 10, 2013 in New York.

    New York Mayor Michael Bloomberg said he intends to use his final year in office to push for more recycling and electric vehicles, a curbside food-composting pilot program and a ban on plastic-foam food packaging.

    Feb. 14 (Bloomberg) -- New York Mayor Michael Bloomberg talks about his plans to use his final year in office to push for more recycling and electric vehicles, a curbside food-composting pilot program and a ban on plastic-foam food packaging. He speaks during his final State of the City address in New York. The mayor is founder and majority owner of Bloomberg News parent Bloomberg LP. (Source: Bloomberg)

    In his final State of the City address today, the third- term mayor characterized his 11 years in office as a period in which he made the most-populous U.S. city healthier and more environmentally friendly.

    He strode to the speaker’s platform to Jay-Z’s hip-hop anthem “Empire State of Mind,” after local dance groups entertained officials and business leaders at Barclays Center in downtown Brooklyn. The 19,000-seat arena completed last year is the venue for concerts, the National Basketball Association’s Brooklyn Nets, and in 2015 will be the home of National Hockey League’s New York Islanders.

    Bloomberg, an independent who turned 71 today, touted accomplishments including a record-low 419 homicides last year; a record 52 million tourist visits; an increase in life expectancy to 80.9 years, the longest ever; construction of 100,000 school seats; and a record 3.2 million private-industry jobs. The mayor is founder and majority owner of Bloomberg News parent Bloomberg LP.

    Unfinished Business

    “We have unfinished business and only 320 days to complete it,” he said. “Our goal is not to spend the year cutting ribbons. It’s much bigger than that: Our goal is to advance projects -- and start new ones -- that will keep our city on the right course for decades to come.”

    City Comptroller John Liu, who is planning to run for the Democratic mayoral nomination this year, said the mayor presented a “selective retelling of history” by omitting an unemployment rate above the nation’s, income disparity, legal claims against police and public schools from which only 20 percent obtain a college degree.

    Bloomberg’s 2009 success in changing city election law to permit him to serve a third term was “a great mistake” and an “act of hubris,” Liu said in a statement.

    In his speech, Bloomberg said a requirement that 20 percent of all newly constructed public parking spaces be outfitted to charge electric vehicles would create 10,000 such spots within seven years. The plan would need City Council approval. A pilot program to collect curbside food waste from Staten Island homes to use as compost for parks would expand citywide if successful, cutting down on the 1.2 million tons of scraps sent to landfills each year.

    Targeting Foam

    “One product that is virtually impossible to recycle and never bio-degrades” is plastic foam, said Bloomberg. “Something that we know is environmentally destructive and that may be hazardous to our health, that is costing taxpayers money and that we can easily do without, and is something that should go the way of lead paint.”

    The mayor referred to plastic foam by the brand name Styrofoam. Nancy Lamb, a spokeswoman for Styrofoam maker Dow Chemical Co., said the company’s product is used in insulation, though not in cups, trays and food containers.

    Plastic foam makes up an estimated 20,000 tons of the city’s annual waste, according to the mayor’s office. A ban on the substance, which also needs clearance from the City Council, would follow similar action by lawmakers in Los Angeles, San Francisco, Portland and Seattle.

    Health Initiatives

    Since taking office in 2002, Bloomberg has pushed public- health programs, both as a philanthropist and as mayor in control of a $1.5 billion-a-year health department. He’s banned artery-clogging trans-fat food additives and workplace smoking; raised tobacco taxes; increased testing for HIV, cholesterol and blood pressure; required restaurant chains to post the calorie content of menu items; and limited sugary drinks in food-service establishments and arenas to 16 ounces.

    New York will make its largest purchase of electric automobiles this year, adding 50 to the municipal fleet, according to the mayor’s office. A pilot of two curbside chargers will allow drivers to fill batteries in as little as 30 minutes, compared with the current eight hours. One will be open to the public, the other to taxi drivers. Both will be in Manhattan.

    Recycling Push

    Last year, Bloomberg, a former Republican, unveiled a goal to double the city’s recycling rate to 30 percent by 2017. He plans to double to 2,000 the number of containers to allow the public to separate and dispose of glass, paper and plastic bottles. A new recycling plant set to open in Brooklyn will accept plastic items that weren’t previously recyclable, including salad containers and yogurt cups.

    “We’ll start by making recycling easier for everyone,” the mayor promised. “As we recycle more plastics, we’ll also begin recycling food waste.”

    The mayor vowed the city would bounce back from Hurricane Sandy, the so-called superstorm that caused 43 deaths in the city, flooded tunnels and subways, and damaged tens of thousands of homes.

    City beaches devastated by erosion and battered boardwalks will be open by Memorial Day weekend, he said. He promised to present a long-term plan by May to prevent extended power outages and ensure adequate gasoline supplies and hospital services. He also said would protect transportation facilities from future storms.

    Connecting Students

    The city would spend $1 million to support nonprofit groups to put 1,000 unemployed New Yorkers to work on hurricane relief and recovery projects, he said.

    The city intends to create schools this year “to connect students directly to college and work,” with high schools offering grades nine through 14, two years past traditional secondary education, specializing in occupations such as health care, energy and computer science, he said.

    To continue to develop the city as a tourist destination, the city will create low-cost youth hostels that could accommodate 175,000 visitors a year, creating more than 1,000 jobs, he said.

    The mayor is barred by law from seeking a fourth four-year term.

    To contact the reporters on this story: Esmé E. Deprez in New York at edeprez@bloomberg.net; Henry Goldman in New York at hgoldman@bloomberg.net.



    Metabolix (MBLX) is a bioscience company that develops and is in the process of commercializing environmentally sustainable, economically attractive alternatives to petroleum-based plastics, with work underway to do the same with chemicals and energy. This stock is trading up 11.8% to $1.88 in recent trading.

    Today’s Range: $1.67-$1.85

    52-Week Range: $1.07-$3.48

    Volume: 115,000

    Three-Month Average Volume: 197,432

    From a technical perspective, MBLX is ripping higher here back above its 200-day moving average of $1.72 with decent volume. This move has also pushed shares of MBLX into breakout territory, since the stock has taken out some near-term overhead resistance at $1.78. Shares of MBLX are now quickly moving within range of triggering another major breakout trade. That trade will hit if MBLX manages to take out some near-term overhead resistance levels at $2 to $2.10 and then $2.19 with high volume.

    Traders should now look for long-biased trades in MBLX as long as it’s trending above its 200-day at $1.72, and then once it sustains a move or close above those breakout levels with volume that hits near or above 197,432 shares. If that breakout triggers soon, then MBLX will set up to re-test or possibly take out its next major overhead resistance levels at $2.32 to $2.67. Any high-volume move above $2.67 will then put $3 to $3.20 into range for shares of MBLX.

 
MBLX
0.8499+0.0233(+2.82%)Sep 18 4:00 PMEDT

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