LOVEJOY Tool Company, Inc.Introduces our NEW 650 Series with ONEG inserts!Springfield Vermont – LOVEJOY Tool Company, Inc. introduces a new series of products to make it easier for a manufacturer to select the proper milling tools to solve their machining needs and machine a variety of materials with this all purpose tooling!Applications: The 650 Series Face Mills use the ONEG style inserts for the maximum of 16 cutting edges! Our ONEG style inserts have new coated grades for steel and ductile iron.Special Information: This tooling has strong negative cutting geometry and is used for roughing as well as semi-finishing with its positive chip control inserts! These face mills are available from 3 to 8 diameter with medium or fine pitch and larger diameters include adjustable wiper stations. The inserts all have 16 cutting edges and are .250 thick allowing for longer tool life!Products: LOVEJOY Tool Company, Inc.* 650 Series Face Mills – currently offered from 3 to 8 diameters* ONEG inserts have NEW, coated grades for steel and ductile ironLOVEJOY Tool Company, Inc. specializes in custom designing and a manufacturing of milling tools, inserts, holders and other accessories for manufacturers in the aerospace, automotive, heavy equipment, mold and die, farm and industrial, power generation and other industries. LOVEJOY Tool is known for being a problem solver in the milling industry and we are here to solve your machining needs.For more information, call (800) 843-8376 or visit www.lovejoytool.com(link is external).
Governor Douglas noted that members of Vermonts Congressional delegationhave their own concerns with the information needed for a license extension,and his administration continues to discuss the matter with them. TheVermont General Assembly is also considering legislation of its own to addressthis issue. Douglas said he expects thepoint of view of the delegation and the Legislature to influence the scope ofthe ISA. The Governor said it is critical that, before the State of Vermont is in a positionto consider a license extension, that a comprehensive reliability and safetyassessment of Vermont Yankee-known in energy circles as an ISA-beconducted as soon as possible. ### “These events have shaken the confidence of Vermonters and ourneighbors in New Hampshire and Massachusetts about thesafety and reliability of the plant. They have brought into questionwhether Vermont Yankee should operate beyond its present operating licenseexpiration date of 2012,” the Governor wrote. “In addition, Ineed to be assured that the conditions and/or practices that contributed to theevents of last summer do not extend to other areas of the Vermont Yankeeoperation which may have an impact on plant safety as well asreliability.” In a letter to NRC Chairman Dale Klein, Governor Douglas said theoperation of Vermont Yankee is at a critical juncture and events during thesummer of last year raised questions about the reliability of thestation. Vermont Yankee had several events that included the partialcollapse of a cooling tower and a reactor scram that have each been traced toshortcomings in the maintenance of equipment. GovernorUrges NRC to Approve Independent Safety Assessment “I am formally requesting that the NRC conduct such anassessment, and do so in consultation with the Vermont Department of PublicService in formulating the inspection program. I also request that theassessment include the participation of the Vermont State Nuclear Engineer andconsultants, and those NRC inspectors and contractors have independence fromthe Vermont Yankee operation,” the Governor continued. “Thebottom line is that any such assessment must provide the information needed forour regulators and the Vermont General Assembly to determine if the VermontYankee nuclear station can operate safely and reliably for the additional 20years requested beyond its current licensed life.” “If the NRC is to conduct the assessment which I believe isessential, it must be initiated in the next several months to be completed in atimely fashion such that its findings can be available to both our PublicService Board and the General Assembly when it convenes next January,”the Governor said. “Every day that passes without this safetyand reliability assessment underway is another day we don’t have theanswers to our most significant questions.” Montpelier, Vt.March 12, 2008 — Governor Jim Douglas has called on the U.S. NuclearRegulatory Commission to support a reliability and safetyassessment-commonly called an Independent Safety Assessment(ISA)-of the Entergy Vermont Yankee nuclear power station in Vernon.
National Survey Shows Vermont High School Students Struggle with Financial Literacy MONTPELIER, Vt.Vermont high school seniors scored slightly above the national average in the Jump$tart Coalition for Personal Financial Literacy 2008 survey. However, the overall score for Vermont students was 50.3 percenta failing grade. Nationally, high school seniors answered only 48.3 percent of the questions correctly. The results we share today will provide us with an important baseline of information from which to judge future progress of Vermont students in grasping financial concepts, said State Treasurer Jeb Spaulding at a State House press conference in Montpelier. For the first time in the eleven-year history of the Jump$tart national survey, Vermont received state-specific data on how its students performed on the test. Students from high schools geographically located across the state participated in the biennial survey. Nationwide, 6,856 high school seniors from 40 states participated in the survey. The 2008 average national score was lower than results for the 2006 survey in which students correctly answered 52.4 percent of the questions. While the average score on the 2008 survey of Vermont students was a failing grade, 29 percent of the students did achieve a passing grade of greater than 60 percent. Three percent of that group scored 75 percent or higher. We appreciated the participation by the Vermont schools in the 2008 survey, said Gregg Mousley, President of the Vermont Jump$tart Coalition. In past surveys, we were not able to garner enough school participation to allow researchers to compile meaningful results. We hope these survey results will enable us to more actively engage schools, teachers and parents in teaching financial concepts to our youth. The 31-question survey tests student knowledge in five subject areas: income, money management, savings, spending and debt. Vermont students scored highest in the income category of questions with an average score of 59.4 percent. The national average was 55.9 percent. Questions in this category include asking students to assess factors that will impact their future earning potential and questions related to taxes and household income. Vermont students correctly answered 53.7 percent of questions pertaining to spending issues. Types of knowledge tested in this category include correctly identifying financial instruments associated with spending purchases and outcomes associated with spending decisions. The national average for this category was 50.6 percent. On questions regarding debt, Vermont students correctly answered 46.8 percent. The national average was 44 percent. In this category, students were asked to evaluate credit card agreements and finance charges. Students also were tested on their knowledge of what to do if they are behind on a debt payment. Questions related to general money management were correctly responded to 43.6 percent of the time by Vermont students, compared with the national average of 40.7 percent. Questions in this category ranged from general budgeting topics to insurance. Vermont students scored lower than the national average on questions related to savings. While the national average was 43.2 percent, Vermont students answered just 41.8 percent of the questions correctly. Savings questions included such topics as saving for emergencies, retirement income, and what types of investment opportunities tend to offer the highest growth over periods of time. The survey demonstrates that graduating high school seniors continue to struggle with financial literacy basics, said Lewis Mandell, Ph.D., professor of finance and managerial economics at SUNY Buffalo School of Management. Mandell conducts the survey for Jump$tart and the Merrill Lynch Foundation which funded the 2008 survey. Perceptions of current economic conditions, particularly the housing market, may have contributed to the decreases in scores. The national Jump$tart Coalition also released results of a first-ever college students survey. Results indicated higher scores for college students than their high school peers, with 62 percent of the questions answered correctly. Scores among college students increased with their rank in school. The college survey was administered to 1,030 full-time students nationwide. It is unknown whether any Vermont students participated in the college test. The Jump$tart Coalition is a non-profit organization dedicated to improving the financial literacy of kindergarten through college-age youth by providing advocacy, research, and educational resources. The State Treasurers Office has partnered with Vermont Jump$tart as part of a recent financial literacy initiative. Both groups have financial literacy resources posted on their web sites. The Vermont Jump$tart web site is www.vtjumpstart.org(link is external). The Treasurers financial literacy web resources are located at www.MoneyEd.Vermont.gov(link is external).
MONTPELIER-The first road surface repair project under Operation Smooth Ride, the Vermont Agency of Transportation’s $3 million supplemental spring paving program, will commence on Wednesday, May 14.Paving crews on Wednesday will be in Colchester to repair 2.4 miles of Route 2A, a heavily-traveled roadway in Chittenden County that received significant damage as a result of last winter’s severe weather conditions.”The asphalt plants are up and running, and we are excited to get Operation Smooth Ride underway,” said Agency of Transportation Secretary Neale Lunderville. “Damaged roadways all around the state will be receiving treatment over the next few weeks.”Governor Jim Douglas in March instructed VTrans to develop a special $3 million program that will improve the condition of selected state and Class 1 town highways that incurred some of the worst damage caused by this year’s extreme winter. The Legislature endorsed the Governor’s proposal.As part of Operation Smooth Ride, the Agency of Transportation (VTrans) will rejuvenate nearly 80 miles of roadway in 25 towns this spring.Operation Smooth Ride is not a replacement program for VTrans’ normal roadway maintenance efforts. Road crews will conduct additional roadway patching and leveling throughout the spring and summer at locations that have yet to be determined.In choosing the locations that have been identified for repair, VTrans pavement engineers collaborated with the Agency’s nine maintenance districts to identify roadway segments where the application of new blacktop will last several years.In addition to road maintenance activity, VTrans in 2008 also will pave and preserve 270 miles of roadway as part of the Agency’s routine annual paving program. Information about Operation Smooth Ride and VTrans paving program can also be found by visiting the Agency’s website at www.aot.state.vt.us(link is external).
Rep. Peter Welch supported and the House passed legislation Thursday night preventing General Motors and Chrysler from arbitrarily closing car dealerships as part of their restructuring efforts. Welch cosponsored the Automobile Dealer Economic Rights Restoration Act (H.R. 2743), which forces car manufacturers to abide by their contracts with local dealer franchises in order to complete the bankruptcy process. GM and Chrysler have sought to close 3,000 dealerships nationwide including roughly three dozen in Vermont. Dealerships account for 7.5 percent of all retail jobs in Vermont.H.R. 2743 was incorporated into the Financial Services and General Government Appropriations Act (H.R. 3170), which passed the House on a vote of 219-208 Thursday night. The Senate has yet to act on a corresponding bill. Car dealerships serve as the backbone of many Vermont communities, providing good jobs and supporting local economies. By arbitrarily terminating franchise agreements with local dealers, GM and Chrysler are not saving themselves money. Instead, they are simply passing on the economic pain to loyal partners, Welch said. All we are asking is for manufacturers to abide by longstanding agreements and treat local businesses fairly.Welch questioned the CEOs of GM and Chrysler in June when they testified in front of the House Committee on Energy and Commerce. Click here to watch Rep. Welch s statement during the hearing, and click here to watch Rep. Welch questioning the CEOs.Source: Welch’s office. July 16, 2009
XXX Seeing Lake Champlain from a different perspective Clean and Clear was reason to celebrate for over 150 Friends of Chittenden County Republican Legislators when they met October 7, on the shore of Lake Champlain. Vermont s top Republican, Governor Jim Douglas, was honored for initiating one of the most significant water quality plans the state has ever undertaken, Vermont s Clean and Clear Action Plan. The first comprehensive plan of its kind, Clean and Clear was introduced in 2003 with the goal of accelerating the reduction of phosphorus pollution in Lake Champlain and reducing related pollutants in waters, state wide.The Burlington waterfront s ECHO Center, a program partner of Clean and Clear and whose exhibits, programs and activities revolve around environmental science, provided the backdrop to celebrate the protection of Vermont s waters.Lt. Governor Dubie, Auditor Salmon and State Senator Brock, Vermont s other top Republican leaders, shared their vision of the future of the party – Revitalized, Re-energized and Ready to make a difference in 2010! Against this background of fellow Republicans, Senator Diane Snelling took the opportunity to announce the candidacy of her brother Mark for Lt. Governor in the 2010 elections!About 20 members of area college s New Republicans volunteered in different capacities throughout the event and promoted appetizers prepared from local, fresh foods prepared by LaVilla Bistro, a member of Vermont Fresh Network.Source: Rep. Don Turner.
The nation s governors will gather in Washington, DC, February 20 for the 2010 National Governors Association (NGA) Winter Meeting. Vermont Governor Jim Douglas is the NGA chairman this year. Among the topics will be health care, the economy, and trade and border security with Canada. The governors will also meet with President Obama and members of his cabinet.Beginning Saturday, February 20, a bipartisan group of governors from the US states, commonwealths and territories will come together for three days of meetings at the JW Marriott Hotel. Nearly 50 governors are expected to participate in the meeting, which will include sessions with the President, members of his Cabinet, academic leaders, business executives and other experts for discussions on a host of issues and challenges facing states.States role in health care reform particularly in ensuring a high-quality, efficient, and coordinated health care system will be the key topic on the governors meeting agenda this year. In addition, governors will explore the future of the nation s surface transportation policy and finance system, the state-federal partnership under the Elementary and Secondary Education Act, reshaping public health and preparedness for the 21st century, advancing a green economy and homeland security during five committee sessions. The Health and Human Services and Natural Resources committees will meet Saturday, Feb. 20. The other committees Economic Development and Commerce; Education, Early Childhood and Workforce; and Homeland Security and Public Safety will meet Sunday, Feb. 21. Throughout the meeting, several Governors-Only sessions will provide governors the opportunity for candid dialogue on a variety of issues facing states.Saturday s opening plenary session will offer an overview of NGA Chair Vermont Governor Jim Douglas initiative, Rx for Health Reform: Affordable, Accessible, Accountable. During the session, governors will discuss transforming health care delivery with guests Dr. Atul Gawande, a surgeon at Brigham and Women s Hospital and associate professor at Harvard Medical School and Harvard School of Public Health, and Dr. Jack Cochran, executive director of The Permanente Federation.Later on Saturday, governors will be joined by the premiers of Canada for a special session, Common Border, Common Ground, focused on common challenges, innovative policy solutions and issues related to trade, border security, energy and the environment.Sunday morning, governors will hold a plenary session focused on health care and the economy. Financial journalist Maria Bartiromo, anchor of CNBC s Closing Bell, will moderate the discussion.Sunday night, governors and their spouses will travel to the White House for a black-tie evening with President and Mrs. Obama. The following day, governors will return to the White House for meetings with the President and members of his Cabinet regarding many of the critical issues topping the legislative agenda during the current Congress.The Winter Meeting will conclude Monday afternoon, Feb. 22, with a plenary session focused on redesigning states in the post-recession economy. Mark Zandi, chief economist and co-founder of Moody sEconomy.com, and Alan Mulally, president and CEO of Ford Motor Company, will join governors to examine the economic landscape facing the country and states over the next several years.Source: NGA. 2.8.2010###
On June 29, Chittenden County State’s Attorney TJ Donovan stated that he would not be prosecuting public officials for any involvement in the slew of financial problems that Burlington Telecom, the city-owned communications company, is facing.In December of 2010, an audit known as the Larkin Report was released finding that BT had borrowed $16.9 million in city funds over a six-year period that it never repaid. It also claimed that the company knowingly withheld this information from the Department of Public Service and other officials.The report concluded that the debt BT owes to the city on top of the $33.5 million it owes to CityCapital, its commercial lender, were sufficient enough to cast serious doubt on the viability of the company. According to BT’s agreement with CitiCapital, its lender can effectively take possession of BT’s assets if it so desired, but the decision to do so hasn’t been addressed or revealed.BT’s problems didn’t end there. The company was also accused of charging certain city operators at a discounted rate, a violation of state code. Another serious retrograde occurred last year when The City of Burlington and the Burlington airport’s credit rating dropped because of the money taken from the city’s coffers and subsequent doubts about the liquidity of the city. This lowered rating raised the costs of borrowing money and can stymie development plans. The courts got involved last year when two taxpayers filed a civil lawsuit against BT, demanding that they repay the money that was taken from the city; however, this accusation, despite outrage and disgust, was put to rest by Donovan.Investigator interviewed 20 officials in association with the charges over the last six months and flipped through thousands of pages of documents. Donovan noted that despite his ruling, according to the Vermont Access to Public Records statute, the information cannot lawfully be released to the pubic and will remain confidential.Regarding the documents, Donovan said, “I understand the public has a right to know, but people who have been investigated and not charged also have rights.” The release of details such as names and those interviewed would amount to a smearing of their names in the public’s eye, he noted.Although Donovan did accuse the city officials of being both incompetent and arrogant, he stated that their actions ‘â ¦did not warrant criminal prosecutionâ ¦’ and that a trial would ‘â ¦not be in the interest of justice or the best interest of Chittenden County.’Donovan also stated that he considered filing a misdemeanor neglect of duty charge against the officials involved, although this would do more harm than good.According to Donovan the trial could potentially cost hundreds of thousands of dollars and last an extended period of time. He said that such a trial would not only hinder the ability of the city to move forward and recover, but it also wouldn’t come close to reimbursing the money lost.There has been speculation as to whether or not Donovan will run for mayor next year. His decision not to prosecute would surely be considered by voters if he decides to do so. Mayor Bob Kiss refuted many of the conclusions of the Larkin Report and spoke in favor of the company’s preservation. Kiss also regretted the resignation of Jonathan Leopold’s, the city’s Chief Administrative Officer, who stepped down on July 1 of this year. Kiss released a statement following Donovan’s announcement expressing his thankfulness that no prosecution is in order and that the decision ‘â ¦will help BT and the City move forward.’Although Kiss made it clear that the financial and legal struggles are far from over, he expressed a clear faith in BT and their next steps: ‘Burlington Telecom provides high quality services to Burlington residents and businesses with tremendous potential for the future.’Vermont Business Magazine. Neel Tandan.
The Vermont Retail Association (VRA) and Efficiency Vermont have launched a new partnership to help Vermont’s retailers become more energy efficient and save money. On Wednesday, August 3rd the two organizations will host a breakfast meeting to introduce the program to businesses in Montpelier and Central Vermont. The meeting will take place from 8 a.m. to 10 a.m. at VRA’s offices 148 State St. in Montpelier. Persons interested in attending should RSVP to Ceil Stryzminski of VRA by phone at (802) 839-1931 or by email at email@example.com(link sends e-mail). ‘We’re very excited to work with Efficiency Vermont in support of our members,’ stated Tasha Wallis, VRA’s Executive Director. ‘This is a golden opportunity for retailers in the capitol and central Vermont area to save energy and money and strengthen their bottom lines at the same time.’ Centerpiece of the event will be a presentation by Susan Thompson, Efficiency Vermont Planning and Development Manager dedicated to the retail market. Thompson will explain how the new partnership can help retailers. Benefits include recommendations for energy efficiency improvements in businesses, as well as financial assistance in the form of standard rebates. VRA Marketing and Public Relations consultant James Tabor will offer a brief presentation tailored specifically to the needs of area businesses. Working with Efficiency Vermont has produced significant immediate benefits for Vermont retailers as well as long-term dividends. Bonnie Hawley, a Rutland florist who is also president of VRA’s Board of Trustees, recently worked with Efficiency Vermont to make her store more energy-efficient. ‘Efficiency Vermont helped me determine that the store’s lighting was using far too much energy,’ said Hawley. ‘They provided the information I needed to make my lighting upgrade a reality and were very easy to work with. The financial incentives were helpful to get the project done. I’d highly recommend them to every retail business owner.’ About the Vermont Retail AssociationFor more than 40 years, VRA (www.vtretailers.com(link is external)) has helped thousands of Vermont businesses do business better. Any Vermont business is welcome to join. VRA’s mission is serving the needs of Vermont businesses with a wide variety of programs, services, benefits, and advocacy in Montpelier. About Efficiency VermontEfficiency Vermont (www.efficiencyvermont.com(link is external)) was created by the Vermont Legislature and the Vermont Public Service Board to help all Vermonters reduce energy costs, strengthen the economy, and protect Vermont’s environment. Efficiency Vermont is currently operated by Vermont Energy Investment Corporation (VEIC), an independent organization under contract to the Vermont Public Service Board. VEIC is a Vermont-based nonprofit organization founded in 1986.