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California Drought Spurs Groundwater Drilling Boom in Central Valley
2014-08-16 00:02:00| Climate Ark Climate Change & Global Warming Newsfeed
National Geographic: When Floyd Arthur moved to California's Central Valley as a child in the mid-20th century, his migrant worker parents found water by digging just a few feet into the ground. But now, the drilling company Arthur and his son own has to bore holes 1,000 or even 2,000 feet (300 to 600 meters) deep for water. "If we don't get a bigger snowpack soon, we're going to be in trouble. I don't know what we're going to do," Arthur said about the most serious drought in California's recorded history. The Arthurs...
Tags: central
california
valley
boom
UK: Research predicts Christmas online retail boom
2014-08-15 15:00:00| Daily apparel & textile news and comment - from just-style.com
Online retail sales in the UK are set to rise by 14% in the run-up to Christmas, reaching nearly GBP4.7bn (US$7.85bn) in December, according to an industry analyst.
Tags: online
research
christmas
retail
OMVS Develops New Acquisition Strategy to Capitalize on Drilling Boom
2014-08-13 22:22:42| Trucking - Topix.net
The dramatic increase in unconventional drilling in Texas, North Dakota and elsewhere has exponentially expanded the demand for trucking and shipping of chemicals and hazardous materials.
Tags: strategy
acquisition
boom
develops
Concho: Permian Drilling Boom Causing Sand Delivery Delays
2014-08-08 16:08:00| OGI
A drilling boom in West Texas has driven up demand and created logistical problems for delivering the material, Bloomberg reported Aug. 7.
Tags: delivery
causing
sand
boom
New Subprime Auto Loan Boom Gets Tarnished in NYT Article
2014-07-28 19:23:04| AutomotiveDigest.com - Automotive Industry News
The Situation: Last Sundays issue of the New York Times, had a front page article about how subprime lenders may be overcharging credit impaired consumer for auto loans. The article continued on two full newspaper pages with photos of beleaguered borrowers with stories of repossessions and misleading lending practices. The ominous title of the article was Easy Credit, Hard to Repay and the subhead read Exorbitant Rates in Subprime Boom for Used Cars The Significance: Here is a listing of some of the red flagging content in the article: The surge in subprime auto lending & lack of caution resembles the subprime mortgage market of years past. Subprime auto loans have increased 130 % in last five years Investors are pouring tons of money into the subprime market Loans are then bundled as bonds & securities for sale to insurance companies and mutual funds The NYT article cited several loan cases where interest rates exceeded 23% In spite of warnings, subprime loan volume was up 15% to $146 B in 1st Qtr. See just how damaging this article may be to the subprime lenders and dealers ______________________________________________________ The Article New Subprime Auto Loan Boom Gets Tarnished in NYT Article appeared first on Automotive Digest.
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