Never have I seen such dissuasive architecture. Every day some artificial law office is filing a class action suit against ITT Tech on behalf of the small investor on the premise that he or she needs protective representation & then are desperately advertising in a futile effort to enlist plaintiff participation, or give the perception that multiple class action suits are gaining momentum and war is at the front door of an indefensible defrauding company. What a horse & pony show, wag the dog at its finest! ESI, has 184 investors holding 115% of outstanding shares. Over a hundred are new & increased institutional positions since 12/31/12, and another 25% are ITT employed executive staff. Meaning no one but farmer Bob & cousin Stew are interested in recouping some loss in value. It is obvious that accumulation, and price deterioration is a deliberate strategy of those wanting more shares. These paper/ digital tigers are the artificial engineering of those effectively intimidating novice investors to avail bound shares at a discount. The real defendant in this litigating phantasmagoria should be the producers of this episodic hustle. If you can conjure a modicum of resolve you can sell your limited shares at an exceptional premium because why? Because you are the only one who has any!
Sentiment: Strong Buy
By ANTHONY CASTELLANO
Feb. 8, 2013
A blizzard of possibly historic proportions is set to strike the Northeast, starting today and bringing up to 2 feet of snow and strong winds that could shut down densely populated cities such as Boston and New York City.
A storm from the west will join forces with one from the south to form a nor'easter that will sit and spin just off the East Coast, affecting more than 43 million Americans. Wind gusts will reach 50 to 60 mph from Philadelphia to Boston.
"[It] could definitely be a historic winter storm for the Northeast," Adrienne Leptich of the National Weather Service in Upton, N.Y., said. "We're looking at very strong wind and heavy snow and we're also looking for some coastal flooding."
The snow began falling in New York City shortly before 7 a.m. ET. The snow is expected to mix with some sleet and then turn back into snow after 3 p.m.
Airlines have started shutting down operations between 2 p.m. and 5 p.m. at major airports in the New York area as well as in Boston, Portland, Maine, Providence, and other Northeastern airports. More than 4,000 flights have been cancelled on Friday and Saturday, according to FlightAware. Airlines hope to resume flights by Saturday afternoon.
New York City is expecting up to 14 inches, which is expected to start this morning with the heaviest amounts falling at night and into Saturday. Wind gusts of 55 mph are expected in New York City and Cape Cod, Mass., could possibly see 75 mph gusts.
Boston, Providence, R.I., Hartford, Conn., and other New England cities canceled school today. Boston and other parts of New England could see more than 2 feet of snow by Saturday.
Massachusetts Governor Deval Patrick declared a state of emergency Friday afternoon and announced a ban on all traffic from roads after 4 p.m. It is believed that the last time the state enacted such a ban was during the blizzard of 1978.
Beach erosion and coastal flooding is possible from New Jersey to Long Island, N.Y., and into New England coastal areas. Some waves off the coast could reach more than 20 feet.
"Stay off the streets of our city. Basically, stay home," Boston Mayor Tom Menino warned Thursday.
Blizzard warnings were posted for parts of New Jersey and New York's Long Island, as well as portions of Massachusetts, Rhode Island and Connecticut, including Hartford, New Haven, Conn., and Providence. The warnings extended into New Hampshire and Maine.
To the south, Philadelphia was looking at a possible 4 to 6 inches of snow.
Thousands of flights have already been canceled in anticipation of the storm. Amtrak said its Northeast trains will stop running this afternoon.
Bruce Sullivan of the National Weather Service says travel conditions will deteriorate fairly rapidly Friday night.
"The real concern here is there's going to be a lot of strong winds with this system and it's going to cause considerable blowing and drifting of snow," he said.
Parts of New York, still reeling from October's Superstorm Sandy, are still using tents and are worried how they will deal with the nor'easter.
"Hopefully, we can supply them with enough hot food to get them through before the storm starts," Staten Island hub coordinator Donna Graziano said.
New York City Mayor Michael Bloomberg said plows and 250,000 tons of salt were being put on standby.
"We hope forecasts are exaggerating the amount of snow, but you never can tell," Bloomberg said Thursday.
Residents of the Northeast have already begun to hit stores for groceries and tools to fight the mounting snow totals.
The fire department was called in to a grocery store in Salem, Mass., because there were too many people in the store Thursday afternoon trying to load up their carts with essential items.
"I'm going to try this roof melt stuff for the first time," Ian Watson of Belmont, Mass., said. "Just to prevent the ice dam. ... It's going be ugly on that roof."
ABC News' Max Golembo and The Associated Press contributed to this report.
Sentiment: Strong Buy
New Coal Technology Harnesses Energy Without Burning.
COLUMBUS, Ohio—A new form of clean coal technology reached an important milestone recently, with the successful operation of a research-scale combustion system at Ohio State University. The technology is now ready for use on a larger scale.
For 203 continuous hours, the Ohio State combustion unit produced heat from coal while capturing 99 percent of the carbon dioxide produced in the reaction.
Liang-Shih Fan, professor of chemical and biomolecular engineering and director of Ohio State’s Clean Coal Research Laboratory, pioneered the technology called Coal-Direct Chemical Looping (CDCL), which chemically harnesses coal’s energy and efficiently contains the carbon dioxide produced before it can be released into the atmosphere.
“In the simplest sense, combustion is a chemical reaction that consumes oxygen and produces heat,” Fan said. “Unfortunately, it also produces carbon dioxide, which is difficult to capture and bad for the environment. So we found a way to release the heat without burning. We carefully control the chemical reaction so that the coal never burns—it is consumed chemically, and the carbon dioxide is entirely contained inside the reactor.”
Dawei Wang, a research associate and one of the group's team leaders, described the technology’s potential benefits to promote coal energy. Not only can we use America's natural resources such as Ohio coal, but we can keep our air clean and spur the economy with jobs," he said.
Fan agreed that the nine-day experiment was a success. “In the two years we’ve been running the sub-pilot plants, our CDCL and SCL units have achieved a combined 830 operating hours, which clearly demonstrates the reliability and operability of our design,” he said.
At any one time, the units each produce about 25 thermal kilowatts—that is, thermal energy, which in a full-scale power plant would be used to heat water and turn the steam-powered turbines that create electricity.
The carbon dioxide is separated and can be recycled or sequestered for storage. The iron beads are exposed to air inside the reactor, so that they become re-oxidized be used again. The beads can be re-used almost indefinitely, or recycled.
Since the process captures nearly all the carbon dioxide, it exceeds the goals that DOE has set for developing clean energy. New technologies that use fossil fuels should not raise the cost of electricity more than 35 percent, while still capturing more than 90 percent of the resulting carbon dioxide. Based on the current tests with the research-scale plants, Fan and his team believe that they can meet or exceed that requirement.
The DOE funded this research, and collaborating companies include Babcock & Wilcox Power Generation Group, Inc.; Oxford Resource Partners, Inc.; and Clear Skies Consulting, LLC.
Contacts: L.-S. Fan, (614) 688-3262; Fan.email@example.com
Elena Chung, (614) 247-2787; Chung.firstname.lastname@example.org
Written by Pam Frost Gorder, (614) 292-9475; Gorder.email@example.com
Sentiment: Strong Buy
U.S. Moves Toward Near-Zero Emission Coal-Fired Power Plant
By Susan Graybeal | Yahoo! Contributor Network – 22 mins ago
The U.S. Department of Energy announced this week that Phase II of an agreement with FutureGen Industrial Alliance has begun, taking the country one step closer to making commercial-scale carbon capture and storage technology -- and dramatically reduced emissions from coal-fired power plants -- a reality. Here are the details.
* In September 2010, U.S. Energy Secretary Steven Chu announced that the department has signed cooperative agreements with the FutureGen Industrial Alliance and Ameren Energy Resources that committed $1 billion in Recovery Act funding to build FutureGen 2.0.
* At the time when the project was being planned, the project partners had estimated that FutureGen 2.0 would bring 900 jobs to downstate Illinois and another 1,000 to suppliers across the state, the Department reported .
* FutureGen 2.0's goal is to "help to position the United States as a leader in innovative technologies for reducing carbon emissions from existing coal-fired power plants," the Department of Energy reported.
* The project will involve upgrading a coal-fired power plant in Meredosia, Ill., with oxy-combustion technology that will capture 90 percent of the plant's carbon emissions -- more than 1 million tons of CO2 a year -- the Department of Energy reported.
* According to the department, the oxy-combustion approach involves extracting oxygen from air before combustion, reducing the cost of carbon capture at the exhaust stack.
* The CO2 will then be transported underground at a nearby storage site.
* The first phase of the project involved identifying a sequestration site, test drilling and a commitment from the Illinois Commerce Commission to cover the FutureGen 2.0 project's output under its power purchasing plans.
* FutureGen Industrial Alliance will now begin preliminary design, pre-construction and engineering of the retrofitted, near-zero emission coal-fired power plant, the department reported.
* FutureGen Industrial Alliance was formed specifically to partner with the Department of Energy on the project. Alliance members include coal producers, users and suppliers of coal equipment around the world.
* According to the Alliance website, members of the FutureGen Industrial Alliance "believe that development and operation of FutureGen 2.0 will spur economic development in the U.S., and will serve as a model for similar plants that will help fuel the world's growing economy."
* Illinois Gov. Pat Quinn said this week of the project, "We have shown time and again that FutureGen is welcome, and the project will succeed in Illinois. We look forward to working with all of the project partners to see that FutureGen 2.0 will move forward, and that the reality of this first-of-its-kind project will be realized in Illinois."
Oxford Resource Partners provides coal to the entire Illinois basin utility grid.
Sentiment: Strong Buy
We expect Oxfords stock price to rise significantly as energy demands increase globally and natural gas prices continue to rise. Coal producers with international exposure have begun to limit domestic provisions opting to ship oversees for greater profitability, securing and increasing marketshare for domestic miners. OXF has pre sold & contracted at attractive pricing 98%, of all the coal it will produce for 2013. We expect Oxford management to successfully refinance their credit facility, reinstate the quarterly distribution and to beat analyst estimates when they report Q4, earning on Feb. 27th.
Sentiment: Strong Buy