Pete thinking something is real...and knowing something is real are two completely different things...I hope for your sake you don't base your trading decisions on thinking things are real...JMHO of course GLTA
It's the end of another Congressional session, which means that a budget extension bill has now been rushed through and is likely to be signed.
Called The Tax Increase Prevention Act of 2014 (H.R. 5771), it contains special provisions, rule tweaks, and concessions for many, many, many different constituencies.
It extends more than 50 provisions of the tax code that expired at the end of 2013 or this year--and there's good news for green-car advocates buried in the fine print.
DON'T MISS: In Just One Year, Electric Cars Have Gotten Cleaner: How'd They Do That?
Congress has now extended the tax credit for installation of electric-car charging stations through the end of 2014. (A charging station is technically known as Electric Vehicle Supply Equipment, or EVSE.)
Individuals can deduct 30 percent of the cost of purchasing and installing an EVSE up to $1,000, according to Jay Friendland, Plug-In America's senior policy adviser.
Businesses can deduct the same 30 percent, but up to $30,000.The tax credit applies to any system placed into service by December 31--that's 12 days from now, so shop today--and is retroactive to January 1 of this year.
Language specifying the credit is contained in the Alternative Refueling Tax Credit section of IRS Section 30(C).
Advocacy groups had also sought the restoration of a tax credit applying to the purchase of an electric motorcycle; that provision did not survive into the final bill.
Plug-In America, it said, worked alongside many other advocacy groups, automakers, electric-motorcycle companies, EVSE vendors, and a host of other constituencies to lobby for the tax-credit extensions.
There's also good news for advocates of natural-gas vehicles.
The Fuel-Tax Credit for natural gas has been extended, a credit or payment of $0.50 cents per gallon-equivalent on natural gas when used as a transportation fuel.
And installation of natural-gas refueling equipment gets support too, with provisions identical to those for EVSEs: a $1,000 credit for home refueling appliances, and a 30-percent investment tax credit up to $30,000 for businesses.
Extension of these provisions shows "continued support in the Congress for natural gas as a transportation fuel," according to Matthew Godlewski, president of advocacy group NGVAmerica.
"We look forward to working with the new Congress on long-term measures that accelerate the industry.”
NGVAmerica noted, however, that Congress had not addressed the current disparity between tax rates on diesel fuel and liquified natural gas (LNG).
Today, LNG is taxed at a higher rate than diesel fuel, working against its adoption as a cleaner fuel for the heavy-truck market.
NGVAmerica is encouraged, it said, that a measure to fix that disparity is "in the mix" for any future broader tax-revision bill.
California took new action Thursday to speed up the spread of plug-in electric vehicles, adding financial perks for car owners and inviting regulated utilities to invest in car charging infrastructure.
The California Public Utilities Commission voted 5-0 on guidelines for new incentives for car buyers and first-time utility investments.
In San Diego, the new electric-car incentive is likely to take the form of an annual credit against utility bills for customers who identify themselves as plug-in vehicle owners.
The value of the credit is not yet clear. Southern California Edison is proposing an up-front rebate of $250 to $350 for new cars. Utilities can propose a credit, rebate or combination of both.
About 12,600 electric vehicle users in San Diego and southern Orange counties would be eligible for San Diego Gas & Electric’s bill credit. A much smaller number of personal vehicles running on compressed natural gas will receive their own perk — a reduction in the price of natural gas at public access fueling stations run by SDG&E.
Meanwhile, the commission is hoping to speed up investment in car-charging infrastructure by allowing some utility-owned projects. Electric cars are far less useful without access to charging stations at workplaces, multifamily buildings and public parking areas, but expansion of that infrastructure has lagged behind many expectations.
The change means all utility customers, whether they drive an electric vehicle or not, may wind up paying for the heavy circuitry needed to make plug-in cars more convenient and useful.
SDG&E wants authorization to install 5,500 new chargers over the next decade at workplaces and outside multifamily housing units where plug-in points for cars are in short supply. The plan would cost $103 million. To the north, Southern California Edison has a proposal to help install 30,000 chargers.
The commission will consider utility infrastructure investments on a case-by-case basis.
Commissioner member Mike Florio said he hopes to maintain some limits on utility involvement to preserve competition and customer choices.
“If we err on the side of too much utility investment, we could kill any private market development,” he said.
California is looking for ways to get 1.5 million plug-in vehicles on the road by 2025 to clean up air pollution form the transportation sector, including greenhouse gas emissions linked to global warming.
The state surpassed 100,000 personal electric vehicles earlier this year.
pretend...we understand you've shorted a lot of ALBKY, although God only knows why anyone would do such a moronic thing right before it's about to pop...well...each to his own I guess...but I think you're a little misguided by thinking posting unsubstantiated claims about a service fee especially on a message board is really going to have the desired effect you're looking for...you may want to rethink your trading strategy...or find a better way to make(or in your case lose $$$) JMHO of course.GLTA
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: European Government Borrowing in 2015 here LONDON, December 19 (Fitch) Fitch Ratings says that eurozone and Western European governments will borrow* around EUR1.8trn next year, in line with borrowing in 2014. Gross borrowing in 2015 will be around 13% of GDP and compares favourably with a 20% borrowing requirement in the United States and 50% in Japan. At EUR393bn or 24% of GDP, Italy has the highest projected borrowing requirement among European countries. The weighted average rating on projected European borrowing in 2015 is 'A+', unchanged from a year ago but still three notches below the 'AA+' average in 2011. A downgrade of France (to AA from AA+) has largely offset earlier upgrades of Spain (to BBB+ from BBB), Ireland (to A- from BBB+), and Greece (to B from B-).
Her belief that the prospects of Greece are better than they were two years ago, expressed German Chancellor Angela Merkel at the federal parliament (Bundestag), adding though that much has to be done. The Bundestag was voting today over the two-month extension of the Greek support program and the following precautionary credit line (ECCL) that has to be approved by all European parliaments before it is finally enforced.
“We can see that in countries which have particularly dealt with the crisis, competitiveness rises, budget deficits shrink and Ireland, Portugal and Spain, three of the five countries, have successfully completed their programs,” Merkel said. Regarding the Greek case, she underlined that “although much remains to be done, prospects in Greece are significantly better today than two years ago. All these could not be done without the decisive action of each country and without a determined, joint action and solidarity at a European level.”
Furthermore, Merkel reiterated that the pillars of this achievement are and must remain fiscal consolidation, which at the same time should be friendly towards development, and structural reforms in order to enhance competitiveness.
upload evidence the fee has been charged...until you can do that your post constitutes fraud...and is subject to SEC rules. I suggest you find yourself a good criminal lawyer.
Greece’s jobless rate dropped to 25.5 percent in the third quarter compared with 26.6 percent in the previous three-month period, data from the country’s statistics service showed on Thursday.
The rate was the lowest recorded since the third quarter of 2012, when joblessness stood at 24.9 percent.
About 75.4 percent of Greece’s 1.23 million jobless are long-term unemployed, meaning they have been out of work for at least 12 months, the figures showed.
Athens has already published monthly unemployment figures through September, which differ from quarterly data because they are based on different samples. Quarterly figures are not seasonally adjusted.
The debt crisis and austerity imposed by the EU/IMF lenders in exchange for a bailout wiped out about a quarter of the economy, driving the jobless rate to record highs.
The economy emerged from a six-year recession in the first quarter and has been growing ever since. The government and its international lenders expect growth of 0.6 percent this year while the country’s central bank projects an expansion rate of 0.7 percent.
(Reuters) - Greece is in better shape then most would have expected a few years ago and Athens' reforms are starting to bear fruit, German Finance Minister Wolfgang Schaeuble told the German parliament, which voted on Thursday to extend Greece's bail-out program.
German lawmakers agreed to an extension of the aid package for two months, as expected, and backed the launch of European Commission negotiations with Athens on providing a precautionary credit line to support Greece as it returns to credit markets.
"Reforms are beginning to bear fruit for the people of Greece. The labor market reforms have made the country more competitive ... This year Greece will have a budget deficit within European Union rules," Schaeuble told German lawmakers.
"In 2012 Greece saw its gross domestic product fall 7 percent. This year it is expected to grow 0.6 percent and next year growth it is forecast to accelerate further. The country saw a higher rate of growth in the last three quarters than the euro zone average."
"If the reforms already underway in Greece are continued then Greece can have further successes," he added.
Greek lawmakers failed to elect a new president in a first round of voting on Wednesday, in an election which its euro zone partners fear could trigger trouble, though it is the political rather than the financial fallout which is uppermost in their minds.
Official data released by Cosco Pacific show the reason behind the Chinese company’s decision to invest in the Piraeus port. According to the data, over the last 11 months, from January to November, 2014, 2.73 million containers were handled at the port’s Piers II and III.
Last year, during the same period, 2.28 million containers were handled. The company predicts that the port of Piraeus will soon break the barrier of three million containers. On a monthly basis, 255,900 containers were handled in November, showing a significant increase of 12.4% compared to the previous year.
The total number of containers rose to 3.7 million, which means that the port is gradually reaching its full annual capacity of 4.7 million containers. The numbers explain the reasons behind Cosco’s efforts to improve the port’s operation, in cooperation with Piraeus Port Authority (OLP) and the Greek Ministry of Mercantile Marine.
Furthermore, the data also explain the agreement for an amicable settlement between the two sides, which has been approved by the EU Competition Commission, the Court of Auditors and the board meetings of both companies. According to the amicable agreement’s terms, Cosco will make an additional investment of 230 million euros for the creation of the new West Pier III. After the new pier’s construction, the total capacity of Piraeus’ port will be increased to 7.2 million containers per year, while the part that is managed by Cosco will increase its capacity from 3.7 million 6.2 million containers.
ATHENS, Greece (AP) — The European Commission says Greece is on course to end a draconian bailout program in February and switch to "much lighter surveillance" despite delays concluding negotiations with rescue lenders.
EU Finance Commissioner Pierre Moscovici on Tuesday praised Greece's "immense progress" during a visit to Athens and described a two-month extension in bailout negotiations to the end of February as "technical."
Greece's Parliament will vote Wednesday for a new Greek president, in a ballot that can last up to three rounds. Conservative Prime Minister Antonis Samaras has to win over support from opposition lawmakers to avoid a snap general election.
Uncertainty over his ability to court enough support has raised concerns over Greece.
Greek government bond yields fell sharply on Thursday after German Finance Minister Wolfgang Schaeuble said Athens was on the right track in terms of reforms.
"If the reforms already under way in Greece are continued then Greece can have further successes,» Schaeuble told the German parliament.
Investors took those comments as a sign of European support for Greece a day after the parliament in Athens failed to pick a new head of state at its first attempt. If two further ballots prove fruitless, snap elections might have to be called.
"Schaeuble is making some friendly comments ... it suggests that a lot of things are being done behind the scenes to try to contain any potential damage from (a scenario in which Syriza wins early elections),» one trader said.
Italian Economy Minister Pier Carlo Padoan said on Thursday that possible fallout from Greece's political showdown would not trigger a euro zone debt crisis like the one that pushed Italy close to default three years ago.
Greek three-year yields fell the most, down 91 basis points at 9.87 percent, while five-year yields dropped 65 bps to 9.12 percent and 10-year yields were down 41 bps at 8.51 percent.
The German parliament Thursday backed plans to extend a credit programme for Greece, with Finance Minister Wolfgang Schaeuble voicing hope for a «happy ending» to Athens' economic and political woes.
Greece, which has received EU-IMF bailouts since 2010, requires a two-month programme extension while creditors conclude a fiscal audit that will determine the release of the next 7.0 billion euros ($8.7 billion).
"This technical extension is necessary and justifiable,» Schaeuble told lawmakers, saying the extra time is needed for Athens to reach an agreement with its creditors to unlock the last instalment.
"Through its own efforts and our solidarity, Greece has made significant progress» Schaeuble said, pointing at structural reforms and encouraging economic indicators.
"A happy ending is possible within a reasonable timeframe."
The Greek government only has the slenderest of parliamentary majorities and faces a growing challenge from the radical leftist party Syriza, which wants to end a four-year austerity drive and re-negotiate Greeces bailout.
The government brought forward presidential elections to this month from February, but failed to get its candidate elected in the first round Thursday, heightening concern about political turmoil ahead.
Schaeuble said backing from Germany now would help the effort of sending «as many stabilising signals as possible in this critical phase».
He also said that from Berlin's point of view, «the agreed reforms must be implemented» and further efforts are needed.
If you live in a regular suburban detached home, the chances are that your electricity bill is metered by the kilowatt-hour, with your monthly or quarterly bills detailing the number of kilowatt-hours your house has consumed. If you’re lucky, you might even get a discount for the electricity you use during off-peak hours, something that’s particularly useful if you have an electric car that charges overnight.
But unlike your standard domestic customer, large skyscrapers in cities like New York are charged not only for the electricity they use but the rate at which that electricity is consumed. In other words, if a skyscraper suddenly has a surge in power demand — such as all of its residents turning on the kettle or all of the electric cars in the parking lot suddenly starting to charge at the same time — it has to pay a higher tariff than if that same electricity was consumed over a wider time frame.
As a consequence, companies like GE are keen to try and utilise smart grid technology to help large skyscrapers better manage their power use, smoothing out the peaks and troughs by intelligently switching off or on appliances and high-energy consumers that aren’t needed all the time.
Now GE’s smart grid technology is being used to help large buildings offer electric car charging stations in their parking lots — without suddenly causing their instantaneous power usage to spike.
As Wired reports, GE is testing a smart-grid electric car charging station that uses machine learning and artificial intelligence to figure out total building power demand throughout the day and restricting charging power as required to avoid going over a set peak energy threshold.
Capable of factoring in things like the weather, time of day and holiday periods, the artificial intelligence attached to each building can predict building power usage throughout the day as well as charging station demand. It then throttles the power flow to each charging station as required to ensure a more even power consumption is kept throughout the day.
During peak hours, for example — when all of the building’s residents may be home cooking supper or preparing breakfast in the morning — the charging stations can reduce charging rates down to a few amperes or even suspend charging temporally. During night-time or the middle of the day — when energy use is less — the charging system instructs the smart charging stations to deliver full power.
Eventually, the system could be rolled out at skyscrapers across New York, but for now, GE is operating two pilot projects: a five-charging station installation at FedEx’s New York depot where five electric delivery trucks operate a daily, predictable route; and one at GE’s Research Center Headquarters in upstate New York.
GE says the system is still in its infancy, but eventually the system could be used to save large electric vehicle fleet operators or large residential units with a large number of plug-in vehicles tens of thousands of dollars every month in saved peak energy usage bills.
As for those who really need their car — and really need a full battery pack? GE says the system can be overridden to ensure no car is left stranded.
But as Wired points out, there’s one big challenge to the whole system right now: at the time of writing, it doesn’t integrate with the cars themselves, which means the charging stations aren’t aware of just how full each car’s battery pack is. And that’s some much-needed functionality should the system ever become widely adopted.
BELGRADE, Serbia — China secured a deal on Wednesday to construct a high-speed train link between the Belgrade and Budapest that will cut travel time between the Serbian and Hungarian capitals from eight hours to less than three.
The 400-kilometer (250 mile) railway is part of China's ambitious plan to speed up the delivery of its exports to central Europe through Greece's port of Piraeus. The Belgrade-Budapest line is to be completed by mid-2017.
The project, worth $3.1 billion, is to be financed by the China Development Bank and executed by Chinese state-owned enterprises.
China's Prime Minister Li Keqiang attended the signing of rail and customs documents by Serbian Prime Minister Aleksandar Vucic and his Hungarian counterpart Viktor Orban. The ceremony took place at an economic summit in Belgrade between China and 16 central and eastern European states.
The railway agreement "shows that China and Europe have found possibility to cooperate on mutual benefits in decades to come," Orban said through a translator after the ceremony. Li called the project "a corridor between China and Europe."
Greek authorities on Tuesday successfully auctioned a three-month Treasury bill issue draining 1.3 billion euros from the market at a slightly higher cost. The Public Debt Management Organization, in an announcement, said that the interest rate of the issue was set at 1.90 pct from 1.80 pct of the previous auction of same issue in December 10, AMNA reported.
Bids submitted totaled 1.625 billion euros, 1.93 times more than the asked sum. The auction was made with the market΄s primary dealers and settlement date was set for Friday, 19 December. The organization will also accept non-competitive bids up to 30 pct of the asked sum by Thursday, 18 December.
Santa Fe’s Water Division has stared replacing the gas-powered trucks that are used for meter reading with electric vehicles, city Public Utilities director Nick Schiavo announced today.
The move is part of efforts to make city government more energy efficient.
Schiavo said in a news release, “We read 34,000 meters every month, so the amount of fuel we were burning in the gas-powered vehicles represented a significant cost, both in terms of money and environmental impact. The switch to electric vehicles, especially since they are running on one hundred percent city-produced solar power, is another big step toward our goal of making Santa Fe a greener city.”
The two cars currently being used by the Water Division are Nissan Leafs, and will be powered by charging stations at the Water Division Administrative Offices on West San Mateo. Nissan also has agreed to donate charging station that will likely be installed at the Genoveva Chavez Community Center.
The electricity for the charging stations will come from a photovoltaic array being installed on parking shelters over the Water Division Administrative building parking lot. The other existing charging station, at the Community Convention Center, is solar powered as will be the future installation at the GCCC..
Schiavo estimated that the vehicles will use approximately $50 a month in electricity, replacing a fuel cost of $250 a month for the gas-powered vehicles.
How abundant would electric-car charging stations have to be in order to dispel range anxiety entirely?
A network of roads with charging stations every 25 miles would seem adequate, wouldn't it?
That could soon be the case in France, thanks to a massive network expansion by Bollore--the company behind the Autolib electric-car sharing service--that's getting support from the national government.
Bollore plans to invest 150 million euros (about $186 million) over the next four years to build a network of 16,000 charging stations. The mix of DC fast-charging and conventional stations isn't yet fixed.
According to France24 (via ChargedEVs), French Economy and Finance Minister Emmanuel Macron wants to provide some assistance.
He said Bollore could get tax relief if it installs charging stations on public highways--which could make electric-car travel across France much easier.
The completed network would mean no one in the country would be more than 40 kilometers (about 25 miles) away from a charging station at any time, Bollore CEO Vincent Bollore claims.
In addition to providing some kind of tax incentive for the project, the French government is also considering increasing the maximum rebate for purchasing a new electric car or hybrid from 6,300 euros (about $7,840) to 10,000 euros ($12,450).
It's the more positive side of a policy meant to wean French drivers off the diesel cars and trucks that have been dominant in the country for decades.
That includes potentially raising taxes on the fuel--something that, given that roughly two thirds of cars on French roads use diesel, previous administrations have been hesitant to do.
Next year, the government will also launch an identification system that ranks vehicles by the amount of pollution they emit. This could allow local authorities to exclude the worst offenders from urban areas.
While the internal-combustion engine is as entrenched in France as in virtually every other industrialized country, the country has also been one of the most consistent promoters of electric cars.
The Autolib car-sharing service currently operates about 2,500 electric Bluecars in Paris, with 105,000 subscribers.
French automaker Renault is also one of the most prolific manufacturers of electric cars. It's sold about 50,000 over the past four years, and together it and partner Nissan control 58 percent of the segment.