Wednesday, July 23, 2008

Consumer Electronics Association (CEA) Bus Tours Crestron

CEA Showcases Crestron on National Bus Tour

Crestron Represents American Innovation and Ingenuity on CEA National Tour
America Wins with Trade

ROCKLEIGH, N.J.-- July 23, 2008 --The Consumer Electronics Association (CEA) launched the "America Wins with Trade" bus tour, which will visit 28 states in seven weeks, with scheduled stops at the Democratic and Republican National Conventions. A primary mission of the tour is to highlight CE companies that operate domestically and drive the nation's economy. As the global leader of residential and commercial control and automation systems, Crestron Electronics, Inc., exemplifies American business and innovation by designing, manufacturing, and shipping worldwide from northern New Jersey.

Crestron invited CEA executives, local and federal government officials to an exclusive inside look at the company's state-of-the-art operations. Esteemed guests were treated to a rare view of the 100,000 square foot Research Center where future technology is developed; product testing and quality control techniques used for more than 1000 products; and efficient manufacturing processes.

"Crestron was built from the ground up here in New Jersey. While others move manufacturing off-shore, we remain loyal to our roots. It's because of our talented and dedicated people that we continue to flourish," said Randy Klein, Crestron Executive Vice President. "We take exceptional steps to ensure the quality of our products and support, and make considerable investment in our community, employees and partners."

Rockleigh mayor Nicholas Langella, Peter Kortright, III, Bergen County Economic Development Corporation, and Michael Muldowney from U.S. Congressman Scott Garrett's office were among the respected visitors on the Crestron tour. All were impressed with the extensive Crestron testing and quality control technology, such as the high voltage testing lab (that exceeds UL and CE requirements) and the FCC RF-compliance testing chamber.

Additionally, each new product Crestron develops is subjected to stress, static electricity and lightning simulation tests, and every finished unit is inspected to ensure that it functions to design specifications.

"With 35% of sales of its US-made products going to overseas markets, Crestron is a great example of how trade is an engine of economic growth," added Gary Shapiro, CEA President and CEO.

Contacts

Crestron Electronics, Inc.
Jeff Singer, 800-237-2041
Fax: 201-767-1902
jsinger@crestron.com

EPA Required To Regulate Invasive Species Pollution

Stanford Environmental Law Clinic Announces Ninth Circuit Upholds Case Requiring U.S. EPA to Regulate Invasive Species Pollution

STANFORD, Calif.-- July 23, 2008 --The Environmental Law Clinic at Stanford Law School today announced that the Ninth Circuit Court of Appeals ruled in favor of environmental organizations seeking to force the U.S. Environmental Protection Agency (EPA) to regulate ship discharges under the Clean Water Act. Dealing a setback to the shipping industry, the decision follows a 2005 lower court ruling that the EPA had illegally exempted ship discharges from Clean Water Act requirements. That decision gave the agency until September 2008 to end the regulatory exemption and issue permits to ships, an order that the EPA appealed to the Ninth Circuit.

"The EPA spent nearly ten years fighting against using the nation's only comprehensive law to combat an environmental plague that is costing the U.S. economy billions of dollars," said Deborah Sivas, Director of the Environmental Law Clinic at Stanford Law School, which represented the three plaintiff groups. "We are gratified that the Appeals Court has held the EPA accountable so that this country can begin to control the dangerous tide of invasive species."

The court's ruling today upholds the lower court's order directing the EPA to take specific action to ensure that shipping companies comply with the Clean Water Act and restrict the discharge of invasive species in ballast water. In mid-June, the EPA issued a draft permit to regulate all vessel discharges. The draft permit requires treatment of a wide range of pollutants contained in ballast water and many other types of ship discharges.

Nina Bell, Executive Director of the Portland, Ore.-based Northwest Environmental Advocates, said the court's decision will properly shift some of the burden of invasive species from taxpayers to shippers. "The Ninth Circuit's decision is very important for the taxpayers who have been paying the huge price of the EPA's continuing refusal to implement the Clean Water Act," said Bell. "If the EPA had used its Congressional mandate thirty years ago, this country would have been using the Clean Water Act to effectively control ship discharges for all that time," she added.

The plaintiff groups cautioned that the shipping industry has already shifted its fight from the courts to lobbying Congress. "As soon as we won the district court case in 2005, the shipping industry immediately turned to Congress for a special exemption from the Clean Water Act, to preserve their ability to pollute at the nation's expense," Bell said.

Live species from other countries are carried to U.S. waters in ballast water that ships use for stabilization. The ballast water is discharged into bays, estuaries, and the Great Lakes as ships approach port and when cargo for export is loaded. Over 21 billion gallons of ballast water from international ports is discharged into U.S. waters each year. The cost of damage caused by invasive species to the U.S. economy is estimated in the billions of dollars annually.

"The San Francisco Bay and Delta have been completely invaded by non-native species introduced by commercial ships coming to our ports. Species such as the Asian clam and Chinese mitten crab are clogging the intake pipes of drinking water facilities and power plants, harming the commercial fishing industry, and destroying native species habitat," said Sejal Choksi, San Francisco Baykeeper.

The absence of effective federal action, combined with the high cost of invasive species to the environment, industries, and drinking water sources, has led numerous states to pass their own pollution control laws. Michigan and Minnesota require shippers to have discharge permits. California has the strictest controls on the discharge of ballast-borne invasive species in the world. Six Great Lakes states?New York, Michigan, Pennsylvania, Illinois, Minnesota, and Wisconsin?joined the environmental groups' lawsuit to persuade the court to require a federal regulatory program.

The challenge was brought by Northwest Environmental Advocates, San Francisco Baykeeper and The Ocean Conservancy, three of the signers of a petition filed with EPA in January 1999. EPA denied the petition in 2003, triggering the lawsuit. The Environmental Law Clinic at Stanford Law School and Pacific Environmental Advocacy Center (PEAC) at Lewis and Clark Law School in Portland, Ore., represent the three organizations.

About Northwest Environmental Advocates

Northwest Environmental Advocates, based in Portland, Ore., works through advocacy and education to protect and restore water and air quality, wetlands, and wildlife habitat.

About Baykeeper

Founded in 1989, Baykeeper works to reverse the environmental degradation of the past and promote new strategies and policies to protect the water quality of the San Francisco Bay. For nearly two decades, Baykeeper and its Deltakeeper project have been the premier watchdogs of the water quality of the vast San Francisco Bay-Delta watershed.

About the Environmental Law Clinic at Stanford

The Environmental Law Clinic at Stanford Law School (
http://www.law.stanford.edu/program/clinics/environmental) enables students to provide legal assistance to nonprofit organizations on a variety of environmental issues, focusing primarily on natural resource conservation. The clinic's clients include large national environmental organizations and a variety of regional and local grassroots groups. Working under clinic attorneys, students routinely investigate cases, assist clients in developing legal strategies, draft comment letters, court pleadings, and briefs, present testimony before administrative agencies, and argue cases in state and federal courts. Clinic students also provide policy advice and work on regulatory and legislative reform in the environmental field.

About Stanford Law School

Stanford Law School (www.law.stanford.edu) is one of the nation's leading institutions for legal scholarship and education. Its alumni are among the most influential decision makers in law, politics, business, and high technology. Faculty members argue before the Supreme Court, testify before Congress, and write books and articles for academic audiences, as well as the popular press. Along with offering traditional law school classes, the school has embraced new subjects and new ways of teaching.

Contacts

Media:
Stanford Law School
Amy Poftak, 650-725-7516
Assistant Director of Communications
poftak@law.stanford.edu
or
Comment:
Stanford Law
Deborah Sivas, 650-723-0325
dsivas@stanford.edu
or
NWEA
Nina Bell, 503-295-0490
nbell(at)advocates-nwea.org
or
Baykeeper
Sejal Choksi, 925-330-7757
sejal@baykeeper.org

Tuesday, July 22, 2008

Foreclosed and Lender-Owned Property Search Declared Possible

Searches for Foreclosed and Lender-Owned Properties Now Possible

EDINA, Minn.-- July 22, 2008 --Foreclosed properties are in high demand and in today's market, many such properties are available. To simplify searching for foreclosed and lender-owned properties, Edina Realty now offers consumers a new search option on its Web site, www.edinarealty.com.

Consumers simply click on the home page link, "Search Foreclosures" to pull up information and a link to all "In Foreclosure/Lender-Owned Properties." Like all properties on the Edina Realty Web site, searches can be conducted using an interactive map, or by area, city or school district. All properties that are in foreclosure or lender-owned - Edina Realty's listings and those of other brokers - will appear.

Currently, over 3,000 foreclosed or lender-owned properties are listed in Minnesota and W. Wisconsin, ranging in price from $8,000 to over $5 million. The Minneapolis Area Association of REALTORS®, which tracks closed sales of lender-mediated homes, reports that these sales made up 27.6 percent of the total market in the first quarter of 2008, compared to 9.3 percent of the market in the first quarter of last year.

"The increase in foreclosures is another opportunity for consumers to take advantage of the current real estate market," said Barb Jandric, Edina Realty general manager. "But when entering into this type of real estate transaction, it's critical to work with an agent with experience in these types of listings who can help navigate a complex process and protect the buyer's interests."

Jandric said that buying a foreclosed or lender-owned property can be more complicated because the lender is involved in the transaction, either acting with approval powers or as the owner/seller.

A property in foreclosure means that the owner has been served a legal foreclosure notice. Once the foreclosure process is complete, the property becomes lender-owned. "Each situation is unique and understanding the process and the market is important," Jandric said. "For example, because these properties may be previously owned by people experiencing financial difficulties, they may need updating and repairs. There may be liens or back taxes due on the property.

"Knowledge is power in this market," Jandric said. "Researching market conditions and thoroughly understanding the 'ins and outs' of the foreclosure process are crucial."

Edina Realty, a subsidiary of HomeServices of America, is one of the nation's largest real estate companies with 80 real estate offices throughout Minnesota, North Dakota and Western Wisconsin and more than 2,800 REALTORS®. Edina Realty's family of companies includes Edina Realty, Edina Realty Title, Edina Realty Mortgage and Edina Realty Relocation. Edina Realty handled more than 26,300 transactions and $7.0 billion in sales volume in 2007. For more information, visit www.edinarealty.com.
Contacts

Edina Realty
Gena Henrich, 952-928-5069
genahenrich@edinarealty.com
or
Verve P.R.
Maria Verven, 612-990-7328
mverven@gmail.com

Monday, July 21, 2008

Housing Prices Down By 0.4% In Real Estate Report

Real Estate Report: Housing Prices Down By 0.4% In February

For-sale listed property inventories increased in 19 of 22 markets identified in the March Real Time Real Estate Report.

Mountain View, CA  -  March 13 -- The Altos 10-City Composite showed a decline in asking prices of 1.6% over the past three months and continued that decline in February with a decrease of 0.4% for the month. Prices of properties listed for sale fell in 15 of 22 major markets according to the Real-Time Real Estate Report, jointly published by Altos Research, the premier source for real-time real estate research, and market analysis consultancy Real IQ™.

Asking prices fell at the fastest rate in San Diego, down 3.0% during February and 5.2% for the most recent three-month period. Prices also fell by more than two percent in the Detroit, Los Angeles and Las Vegas markets during February. Prices increased in Chicago, Charlotte, New York, Dallas, Phoenix and Houston during February and were flat in Seattle.

"We are seeing some stability in asking prices as a result of seasonal reductions in inventory during the past winter months," said Stephen Bedikian, partner and research director for Real IQ. "Unfortunately we also saw an increase in listed property inventories this month which is atypical this early in the year. Only a sustained reduction in inventory will arrest the market's fall nationally."

For sale property inventories increased in 19 of 22 markets during February. The Altos 10-City Composite showed a supply increase of 2.5% for the month. Property inventories declined in only three markets: Chicago, Indianapolis and San Francisco.

Data in the Real-Time Real Estate Report is based on analysis of over one million homes currently listed for-sale in 22 metropolitan markets across the country. The report is the most timely source of real estate data available.

"Inventory growth combined with the recent rise in mortgage rates and reported job losses does not bode well for future price stability," said Michael Simonsen, CEO and co-founder of Altos Research. "We expect housing price declines to resume in earnest during the next several months."

The Real-Time Real Estate Report also found that time-on-market remained high. Miami and Detroit experienced the longest time-on-market spans with an average days-on-market of 146 and Minneapolis was close behind at 145 in February. Seventeen of 22 markets had an average days-on-market of over 100. Denver led all markets with the fastest rate of inventory turnover at an average of 77 days-on-market, followed by Dallas at 79 days.

The report examines housing pricing, inventory levels and market conditions in 22 major U.S. metropolitan statistical areas (MSAs): Atlanta, Austin, Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Detroit, Houston, Las Vegas, Los Angeles, Miami, Minneapolis, New York, Phoenix, Portland, San Diego, San Francisco, Seattle, Tampa, and Washington, DC. The Real-Time Real Estate Report is released every month.

About Altos Research
Altos Research LLC pioneered real-time real estate research. Founded in 2005, the company's information products serve investors, traders, and thousands of real estate professionals. Because real estate data is traditionally obscure and highly latent, Altos built the Real-Time Market Intelligence(TM) platform to monitor dozens of housing market metrics as they are right now in local markets across the country. The company publishes real estate reports and real estate data each week for thousands of zip codes around the country.

About Real IQ
Real IQ provides housing market analysis and consulting services to leading mortgage and real estate companies. More information about Real IQ is located at
www.realiq.com.

Press Contact: Michael Simonsen
Company Name: Altos Research
Phone: 888-819-7775
Website:
http://www.altosresearch.com

Sunday, July 20, 2008

Consolidate Outstanding Debts With Bad Credit Loans

Even if your credit is not great, you can still benefit from a Consolidation Loan explains Andy Hygate from www.loansbadcredit.org.uk.

Edinburgh, UK  -  March 11 -- Even if your credit is not great, you can still benefit from a Consolidation Loan explains Andy Hygate from www.loansbadcredit.org.uk, and get out from under an avalanche of rising interest payments.

Just when we had hoped for relief, the economic woes seem to accelerate with no end in sight. Combined with growing fears of a recession we now have the disturbing prospect that an imminent recession will be combined with simultaneous price inflation. Commodity prices, for example, are climbing - with some industry observers predicting that the price of petrol will rise as much as 30-40 percent by July. As these factors create a bleak economic outlook, the cost of high-interest debt becomes more burdensome.

According to recent reports from the Telegraph and BBC News:

- A record-breaking 107,000 people went insolvent in 2006, an annual rise of almost 60 percent, as UK personal debt totals hit £1.4 trillion

- Lenders wrote off about £6.8bn in individual debt last year, the biggest annual total on record.

- Banks classified a total of £2.1bn as bad debt in the final quarter of 2007, of which £1.6bn was consumer debt.

- Only a small fraction of this was mortgage debt, with the majority accounted for by credit card and other unsecured debts.

But all is not lost. While major interest rates are still relatively low there is time to get out from under high-interest debt, and mounting monthly payments by borrowing a single affordable loan and using it to pay off more expensive loans. The strategy, referred to as debt consolidation, is often recommended to consumers faced with seemingly impossible financial circumstances. A debt consolidation loan is one that offers a more competitive rate than the ones you currently hold.

Of course if you already have bad credit, it can be harder to find an attractive consolidation loan. But so-called bad credit loans offer a solution, even for those with low credit scores. Lenders who offer these loans tailor to a niche market, and specialise in serving those borrowers who are turned down by traditional banks and other lenders due to credit problems. Their sole purpose and business focus is on providing loans to people with poor credit, and the services they provide are a valuable asset for UK consumers unable to borrow from conventional lenders.

With a bad credit loan from one of these lenders, it is possible to consolidate debt and convert your bad credit into a good plan for saving money and getting back on track to financial security. Transferring outstanding balances to a single lower interest bad credit loan accomplishes two critical and financially helpful goals.

First of all, you save money on the difference in interest payments. For example, if you are paying on a credit card that charges 18 percent interest and can pay off that balance with a new loan that only charges 8 percent, you realise immediate savings of 10 percent. That's a better return than most stock market wizards can boast, and it can be done in a matter of minutes by simply applying for the new loan.

Secondly, consolidating debt by paying it off with a single loan makes monthly payments simpler to manage your budget. With only one payment to make - instead of numerous bills to pay at various times during the month - it is easy to write one check, once a month. You minimize the risk of late payments, penalties, fees, and punitive rate hikes, while also making your personal financial life less stressful.

Press Contact: Andy Hygate
Company Name: Loans for Bad Credit
Phone: 07780859312
Website:
www.loansbadcredit.org.uk