PPP case goes to legality. – Amtstidende

SV Christian Hintze Holm believes the report is so deficient that it does not meet the acceptability requirements; with regard to announcing a PPP agreement (public-private-partnership) with 30 years’ duration and an acquisition value of well over 100 million.

– The lack assessments of what such financing will entail consequences arrangement can have and what risks municipality undertakes compared to a traditional leveraged model. We believe the lack of case study had significance for the municipal council. It was evident that there was considerable confusion among officials about what OPS means on the areas that were not investigated, mainly costs and risks.

– No assessment of impacts

And he had far more to say on how he thought the decision was inadequate

– The chief officer’s case report describes in all material respects the need for and nature of care homes, as well as an assessment of whether the municipality may enter into a PPP avtale.Hvordan it will take place in practice, it is not rated consequences, he argues and exemplifies:

– The general out risk and uncertainty factors of PPP financing, cost impacts against the other possible funding models, the consequences of long-term bond to one supplier, if there is no market for PPP financing from the specified criteria and possible regulatory consequences, are not discussed. These factors obviously must be studied before such a competition advertised, he emphasizes and explains:

– A short, very incomplete, and according to the alderman hastily prepared notes, were laid on the table of the board . It turns sketchy stated that PPP financing will be an estimated 1.2 million more per year than debt financing. This paper is not included in the documents that formed the basis for the municipal council.

Shortage List

then listed Hintze Holm up what he thought was the main shortcomings:

– First, given misleading information about alternatives to PPP. The alderman writes that the municipality has no other suitable sites for the purpose. This is a fact and manifest errors. This assumed that the municipality must acquire care homes as OPS or service contracts, ie because the opportunity for traditional debt financing is not available. This is misleading information. There is nothing in the way of the municipality itself may acquire residential homes through a traditional construction project, whether on municipal land or empty city purchases.

– There is a general problem with PPP financing market for this are not well developed, so that the number of suppliers is small and the real competition is limited. In our case, this will probably be extra unobtrusive, following criteria shall be applied. There will be few current suppliers because there are very few pre-regulated private land for such purposes north of Fjellstrand. The case contains no assessments of the ability to obtain a sufficient number of providers, or what kind of impact a limited number of providers can get.

Furthermore, he pointed out a lack of clarity with regard to the criteria for selection of the bidder:

– It is not specified how you want to handle significant matters that location , progress and not least about the current plot is regulated or unregulated. There is no assessment of the relationship between the municipality’s role as PPP Party and municipal planning authority. By an attachment makes it clear that it envisages commencement of the lease in 2016 when providers must have completed regulated areas.

– If you must enter into an agreement with a landowner who is addicted to conduct a regulatory process, it will be challenging due to the municipality’s role as a planning authority. The municipality may not bind its planning authority through private law contracts, and can get liability if regulation for this purpose is complicated. There will also be a question of what situation the municipality comes as planning authority to landowners already started to adjust to similar purposes, but not chosen, or can bind to the 30-year PPP contracts with the municipality.

Cost and expertise

Finally pulled Hintze Holm until he felt a vague charge image:

– The cost consequences of a PPP financing is not explored beyond that mentioned in a line in the proposal that a traditional construction project would normally result in lower financing costs, “because the municipality may borrow money considerably cheaper than a private actor. “

– The need for expertise to formulate the basis for a PPP agreement, and the cost of it, is not considered. An agreement that obligates the municipality for 30 years requires a very thorough preparation and excellent negotiation skills.

– The same applies to changes during the contract period. The municipality’s experience shows that depending on the purpose flexibility. Within such a long period as 30 years, occurring obvious changes in the needs that require changes to the buildings. PPP contractor will be in a monopoly situation, which could result in any change will be costly, rounded Christian Hintze Holm argument array.

then promoted Claudia Behrens (MDG) the following:

“municipal council decision in the case is repealed. The case is under further study on the basis of the points in the requirements of legality. “

But her proposal received only nine votes (2 R, 5 S, 2 MDG) and fell. Then the setting adopted against eight votes (2 R, 5 S, MDG 1).

“Local Board’s decision in this case upheld and the application of legality forwarded to the County for treatment.”

SAS delivers better than expected, but … – Todays Business

Næringsliv SAS

– Resultatet reflekterer et marked under sterkt prispress, understreker SAS-sjef Rickard Gustafson.

Publisert: 10.09.2014 – 08:09 Oppdatert: 10.09.2014 – 08:45

Artikkelen lagt er til i din leseliste.

SAS leverte et outputs Før skatt på 756 Millioner svenske Kröner i tredje kvartal. Dette var i fjorårsperioden langt svakere tall one, but Noah Bedre one analytikerne hadde ventet.

Prispress til tross:

– Den høye passasjerveksten OGG produktiviteten aim at strategien vår gir effekt, Sier SAS -sjef Rickard Gustafson i en Kommentar.

Han tror fortsatt på positivt results Før skatt hefty regnskapsåret sett under ett.

Arbeider med ytterligere sparetiltak

I juni annonserte SAS at two trapper opp tiltakene hefty styrke konkurransekraften.

– Vi har nå tilpasset organisasjonen hefty raskt å gjenomføre endringer som gir en resultateffekt by highlighting milliard svenske Kröner, OGG arbeidet ytterligere tiltak fortsetter med i et Hoyt tempo, Gustafson skriver i kvartalsrapporten.

Nye SAS-er kutt tvingende nødvendig, skrev Den Danske Sydbank-analytikeren Jacob Pedersen et i notat Før Dagens kvartalspresentasjon.

Han ventet også at det i harde prispresset markedet samt høyere drivstoffutgifter ville tynge SAS-tallene.

– SAS har behov hefty etablere et langtidsholdbart inntjeningsnivå, etter at spareprogrammet 4XNG nødlandet som på løsning SAS’ inntjeningsproblemer i forbindelse nedjusteringer med i mai. View forventer at wholesale stor del av Neste omgang innsparinger blir i av en forme ytterligere utrulling av Lean-programmer og i effektiviseringer administrasjonen, skrev i senioranalytikeren notatet: Venter denies SAS-kutt

Senker kapasiteten

Rickard Gustafson understreker at SAS Jobber i Hoyt tempo hefty skape langsiktig lønnsomhet.

– SAS fortsetter det intensive arbeidet hefty styrke konkurransekraften. SAS planlegger å opprettholde frekvensene i vinterprogrammet, but Eleventh kapasiteten gjennom optimering flyflåten av. Resultateffektene fra omstillingsprogrammet hefty regnskapsåret 2013/2014 forventes beløpe seg til å cirka 1,2 milliarder svenske Kröner. Kostnadstiltakene som kommer til å initieres Two undeniable resultere i omstrukturingskostnader Somme town belaste resultatet i inneværende regnskapsår, skriver SAS-sjefen.

Enhetsinntekten (PASK) KCNA med 7,1 prosent, thin enhetskostnaden (CASK) KCNA meds 5 6 prosent i kvartalet.

Tross denier intensive konkurransen valgte rekordmange å reise med SAS. I tillegg til det med en sterk passasjervekst fortsetter fremgangen fornyede Eurobonus-programmet. Antallet medlemmer med cirka 50,000 bytes per måned og er nå OPPE i totalt 3,5 Millioner.

– Hypotetisk

180 kabinansatte i Finnair mystery jobben når flyselskapet Neste år oppretter baser og i Singapore Hong Kong, OGG i stedet leier flyvertinner inn fra det norske bemanningsselskapet OSM Aviation.

Two Neste rate arena forventer Finnair sourced bemanningen på å rundt 20 mellom- OGG langdistanseruter. Dette er en del av et større spareprogram. Norwegian leier allerede kabinpersonell inn på sine langruter. But SAS-er eierne foreløpig tause ohms problemstillingen, som of kaller hypotetisk: Tause ohms flyvertinnenes fremtid i SAS

SAS Gruppen

(tall i Millioner svenske Kröner)	Q3 2014	Q3 2013	Ventet, ifølge TDN Finans
Omsetning	10.697	11.593	10.554
Driftsresultat	932	1.401	847
Resultat Før skatt	756	1,176	617

- Expect that VPN users are pirates – ITavisen.no

A clear message to the ISPs.

Tuesday, 9 September 2014 – 9:47

The British broadcaster BBC dislikes that people download their programs are illegal.

Worried about Top Gear and Dr. Who
Therefore, they have now fixed an appeal to the Australian authorities to instruct broadband providers to simply be assumed that heavy users are pirates.

It is especially popular series like Dr. Who and Top Gear BBC is concerned.

Significant resources
– Although the BBC devotes substantial resources to take down and block access to this Doctor Who material, there were almost 13,000 attempts to download this material from Australian IP addresses between the time they were illegal accessible and expiration times the legal period, the BBC writes in his report to the Australian government.

BBC is on pay TV in Australia as in many other countries. Now fear the British that widespread illegal downloading might affect revenues.

Ruined premiere
Especially concerned are those of the new Dr. Who series leaked the net long before it came on the screen and thus officially ruined for the official television premiere.

– ISPs should warn the suspected infringers through a graded warning system. Through this, they should be informed that what they do is illegal. At the same time, one should educate em about the law and the importance of content and services is income. It should also state how they can obtain material legally. If customers do not take the warnings seriously should be implemented stricter measures, writes the BBC.

– Go for VPN users
And who do they have in mind? Yes, those using VPN (Virtual Private Network), that logs in via a third machine to the school’s track.

– The development of peer-to-peer software protocols that involve decentralized architecture has put users in able to download content from multiple host machines. Thus, investigation and punishment for copyright violations become a complex task. The situation is further aggravated with virtual private network (VPN) and proxy servers. This allows them to get around local obstructions and thus further reduce the chance of being found, reads the letter from the BBC.

Hidden IP and high volume
BBC seems only reasonable to suspect such users to have something to hide.

– It is reasonable to require Internet service providers to reveal usage patterns that are suspicious and which indicates that the user is engaged in activities that violate copyright. Such behavior often involves illegitimate tool hidden IP in combination with high download volumes, it is further stated in the document.

Source:
Torrentfreak.com

MANAGEMENT must work more educational, believes the control – Lofotposten

Eltoft school; is the closure of autumn 2013 a financial loss or a smaller savings than going for Vestvågøy?

When the control group met last Friday, said they understand some local papers as saying that the closure is a loss project of around 1 million annually since 2016.

This is wrong, it goes up by other local papers – and former CFO Villy Angelsen:

Closure and restructuring of school structure was originally to save the municipal budget for 5.2 million annually. Then came the plan and then realizing Eltoft Montessori School. Thus, the savings reduced to around 1 million.

– Confusing

One document says thus a thing. Another otherwise.

– Various documents related to different numbers. It’s confusing. Do you think the politicians should understand that the effect would be reduced from 5.2 to about 1 million, asks Scrutiny Kjell Uppheim.

– That in conjunction with the budget process in autumn 2012 could be unclear, yes. But in February 2013, we delivered a clear note to the case where this went up. We were also the Presidency and informed about this, says Angelsen.

However, they realized elected the full implications of their decisions?

– No, says Asbjørn Sjøli, member of the council and a member of the control.

Politicians must understand

The question is who is responsible for the information from the administration perceived and interpreted correctly.

– both conclude the control.

Dog with a but:

– We will never cease to stress that you have to work teaching the information you provide council. We have before admitted that we must be confident that the politicians have understood everything. We will all be better served if they do, says Uppheim.

- Should be better – Lofotposten

Eltoft school; is the closure of autumn 2013 a financial loss or a smaller savings than going for Vestvågøy?

When the control group met last Friday, said they understand some local papers as saying that the closure is a loss project of around 1 million annually since 2016.

This is wrong, it goes up by other local papers – and former CFO Villy Angelsen:

Closure and restructuring of school structure was originally to save the municipal budget for 5.2 million annually. Then came the plan and then realizing Eltoft Montessori School. Thus, the savings reduced to around 1 million.

– Confusing

One document says thus a thing. Another otherwise.

– Various documents related to different numbers. It’s confusing. Do you think the politicians should understand that the effect would be reduced from 5.2 to about 1 million, asks Scrutiny Kjell Uppheim.

– That in conjunction with the budget process in autumn 2012 could be unclear, yes. But in February 2013, we delivered a clear note to the case where this went up. We were also the Presidency and informed about this, says Angelsen.

However, they realized elected the full implications of their decisions?

– No, says Asbjørn Sjøli, member of the council and a member of the control.

Politicians must understand

The question is who is responsible for the information from the administration perceived and interpreted correctly.

– both conclude the control.

Dog with a but:

– We will never cease to stress that you have to work teaching the information you provide council. We have before admitted that we must be confident that the politicians have understood everything. We will all be better served if they do, says Uppheim.

Goldman Sachs has adjusted the stock sight – Today’s Business

Financial Investments

You mean it is time to load up with equities.

Published: 08/09/2014 – 3:15 p.m. Updated: 08/09/2014 – 3:25 p.m.

Article has been added to your reading list.

Goldman Sachs has adjusted its global aksjesyn to “overweight” for the next three and twelve month waiting earnings growth, yields and high risk premiums to support the increased returns, according to an update dated 5 September.

This happens after the broad US-S & amp; P 500 is up near nine percent and the Oslo Stock Exchange over twelve percent so far this year.

In three months term the global equity returns of 3.3 percent, according to Goldman. In the twelve month term expected return is now 12 percent.

“To share our longer view very positively., We expect solid performance from all the major regions, primarily driven by earnings growth and dividends,” the the note from brokerage house’s portfolio strategy team.

Height expectations are revised for key indices in all regions except Japan.

After the European Central Bank’s surprise rate cut and announced measures Thursday also risk in the stock market from higher bond yield declined, according to Goldman Sachs.

Also read: ECB left off enough a bomb and – a sign of how deep the crisis is

Although the measures signaling weaker growth and inflation outlook for the euro zone, mean the brokerage that much is already priced into.

“On the whole, we believe the net effect of the political measures here will be positive for equity markets,” it says.

Goldman Sachs maintains, however, an “underweight” -anbefaling on corporate bonds over the next three – and twelve months.

“We expect spreads to shrink, but given the already tight levels, rising yields on government bonds will probably dominate the return, especially for American Investment Grade Credit”, it says.

The exception is American high yield bonds, which recommended a predominance of relative to investment grade.

Goldman Sachs also maintains an underweight in government bonds.

“We expect the yield to increase due to sustained high growth in the United States and rising inflation, a decline in deflation worries in Europe and support for inflation expectations from the ECB measures, “writes the brokerage.

In view of the ECB’s actions before the weekend , Goldman economists lowered their expectations for German government bonds at 1.30 posent at the end of the year.

When it comes to commodity keeps Goldman neutral on both the three and twelve month term, with significant variation in index levels.

“We like nickel, palladium, zinc, and aluminum but the downside for copper and gold, “the.

The brokerage expects a North Sea oil (burned) at $ 105 a barrel over the next six months, falling to $ 100 a barrel for the twelve-month term.

Economic activity in the United States is expected to grow by 2.1 percent this year, rising to 3.1 percent in 2015 and 3.0 percent in 2016 and 2017.

The same growth in Europe is expected to be 0.8 per cent this year, 1.4 percent next year, 1.7 percent in 2016 and 1.6 percent in 2017.

Growth in China is expected to be 7.3 percent in 2014, 7.6 percent next year and in 2016 and 7.4 percent in 2017.

Read also:
Consumer Council takes Agasti to court

Proposes increased property tax – Porsgrunns Dagblad

This came up when the Presidency processed chief officer’s challenge note during Thursday’s meeting. The alderman signaling that it becomes very hard times ahead, despite the agreed savings package of 40 million. In order not to reduce the level of service will opposition parties raise property taxes to bring in more money in the municipal register.

Down and up

Red and Labor have jointly made a written input to the challenge note. Where it is clear that they want to reduce the minimum allowance from 580,000 to 330,000, and in addition adjust per thousand in the calculation of property tax from 2.0 to 2.7. This, according to the proposal apply to both residential and vacation properties.

– revenues allocated by the council in the balancing of the budget for the period, write the proposal.

In addition, they will adjust the property tax annually according to municipal inflation.

Reduce funds

In opposition proposal is also clear that they will reduce both driftsfond and financial buffer fund.

– There should be a measure of the operating fund should be 10 million, and financial buffer fund 11.5 million, writes the proposal.

If they are successful in this, it will trigger the 10 million in fresh funds that can help to enhance the service level, according to the opposition.

Located at

proposal from the opposition was not treated as a specific proposal under the chairmanship treatment of challenging note. Instead, the proposal submitted by the note up to the processing of municipal council in October.

The proposal also says something about several other issues, such as investment and the relationship between statutory services and government transferred funds.