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Missouri voters to decide renewable energy mandate The Joplin Globe Johnson looks for Jackets to improve special teams LedgerEnquirer
Sun, 12 Oct 2008 09:45:16 +0000
. The Empire District Electric Co. which serves Joplin and much of the area has taken a neutral stance on the proposal. It is poised to meet the upper end of the standard as early as next year or is exempted from certain provisions of it. The Missouri Energy Development Association which represents investor owned utilities in the state also is neutral but has expressed concern that the requirements for green power could push up utility costs. Missouri voters to decide renewable energy mandate By Susan Redden sreddenjoplinglobe.com Investor owned utilities in Missouri will have to generate more power from renewable sources if voters approve Proposition C on Nov. . The Empire District Electric Co. which serves Joplin and much of the area has taken a neutral stance on the proposal. It is poised to meet the upper end of the standard as early as next year or is exempted from certain provisions of it. The Missouri Energy Development Association which represents investor owned utilities in the state also is neutral but has expressed concern that the requirements for green power could push up utility costs. The measure called the Clean Energy Initiative has been endorsed by Kansas City Power and Light. But proponents of the ballot measure point out that rates as a result of the initiative will not be allowed to increase more than one percent a year. Twenty six other states already have this requirement and it has had little or no impact on consumer electric bills said Erin Noble energy policy coordinator with the Missouri Coalition for the Environment. The measure requires investor owned utilities to generate or purchase electricity from renewable energy sources such as solar wind biomass and hydro power at the rate of at least percent in retail sales by increasing to at least percent by . Empire for the last three years has had a contract to purchase energy produced by the Elk River Wind Farm near Beaumont Kan. The wind farm can provide about percent of Empire s needs. And with the completion of the Meridian Way Wind Farm near Concordia Kan. Empire officials said the utility should meet that percent mandate next year. Currently Empire is selling that wind generated power as green credits company officials said. In order to achieve the requirements set forth by Proposition C we would just need to retain some of the renewable energy credits we re selling now said Emily Stanley an Empire spokeswoman. She said the requirement would have no immediate impact on Empire s rates but longer term we would have to see what the strategy would be. Rates go down Noble said studies done for the coalition suggest rates actually will go down eventually in part because of expectations that carbon emissions will be taxed. We expect this policy to save Missouri residents a cumulative million over the next years she said. Read more Click to discuss this story with other readers on our forums. Add a comment on this story Your user agent does not support frames or is currently configured not to display frames. However you may visit this page to see the comments associated with this story. More from the Local News section Lower prices bring relief but fuel theories of political manipulation Authorities probe Joplin house fire State law would restrict sex offenders on Halloween w JPD Chief Lane Roberts interview audio Philanthropist dies at Volunteers lend hand to help area residents stay in their homes Maps Menus Store hours Coupons and more. Popular business directory searches Joplin Apartments Joplin Attorneys Joplin Auto Dealers Joplin Auto Parts Joplin Auto Repair Joplin Beauty Salons Joplin Car Rental Joplin Dentists Joplin Doctors Joplin Flowers Joplin Hotels Joplin Insurance Joplin Loans Joplin Mortgages Joplin Movers Joplin Pizza Joplin Realtors Joplin Restaurants Joplin Storage Joplin Tax Preparation Joplin Travel Joplin Featured More. Featured Jobs LICENSED MASTER or PHD level Psychologist counselor or social workers wanted for private practice. Send letter of interest and resume . MORE NURSING INSTRUCTOR Nursing INSTRUCTOR Crowder College Nevada with maternal child nursing emphasis both classroom and clinical settings. . MORE LOCAL TRANSPORTATION COMPANY Local Transportation Company seeks bright outgoing individuals with a positive Can Do attitude for in house office po . MORE BEST WESTERN OASIS INN Best Western Oasis Inn S. Range Line Road. Now hiring for the following position Housekeeping Competitive sala . MORE WANTED SHOP EMPLOYEES WANTED SHOP EMPLOYEES Must have mechanical ability. Hydraulic or Electrical experience a Plus. Offering Competitive Sa . MORE RN AND CMT RN AND CMT days and evenings available hour shifts bonuses. Granby House S. Main Granby MO. . . MORE WAREHOUSE PERSON OPERATOR needed. Full time position with benefits. Must have or willing to obtain Class A CDL with hazmat. Loading and delivery o . MORE RESIDENTIAL PSYCH TECHS Residential PSYCH TECHS Full and part time positions available for all shifts We are looking for caring mature people t . MORE JOPLIN PUBLIC LIBRARY CIRCULATION ASSISTANT hour per week. Includes day evening weekend hours. Two years college preferred. Library experience not required. . MORE FREELANCE WRITER WANTED FREELANCE WRITER WANTED Ozarks Farm and Neighbor seeks talented writers with agriculture journalism and photography . MORE See all ads Featured Transportation LEXUS IS cylinder door miles see to appreciate Now . Phone . . MORE GMC JIMMY GMC Jimmy x very clean runs great or best offer. Also have Chrysler M loaded great m . MORE FORD EXPLORER Ford Explorer door sport speed great mpg need to sell because of illness . or . MORE CHEVROLET SUBURBAN Chevrolet Suburban excellent condition . . . MORE FORD EXPEDITION XLT ford Expedition XLT miles fully equipped excellent condition . . . MORE FORD WINDSTAR automatic cruise tilt air nice van . . MORE BUICK LESABRE LIMITED miles Cadillac Deville nice car miles . . . MORE JEEP GRAND CHEROKEE jeep Grand Cherokee x good condition new tires . . . MORE MITSUBISHI DIAMANTE looks good runs great loaded . . MORE FORD AEROSTAR miles automatic fully loaded. . . MORE See all ads Featured Homes NEW LOG HOME ON TABLE ROCK LAKE NEW LOG HOME ON TABLE ROCK LAKE bedroom bath car garage. Upscale community boat slip available Call . MORE BR BA BR ba car garage hobby farm on acres large workshop large fruit trees immaculate . MORE BR BA MOBILE BR BA mobile nice wooded corner lot down month. Goodman MO. No credit check. . . MORE HISTORIC HOME CARTHAGE MO Historic home Carthage MO sq. ft. BR . BA hardwood floors dual heat air detached garage minute walk to . MORE X BR x br ba vinyl shingle patio door raised kitchen large garden tub Deliver anchored. . . MORE OPEN HOUSE SUNDAY P.M. OPEN HOUSE SUNDAY P.M. BR BA sq. ft. Joplin Street Joplin MO. . MORE FOR SALE BY OWNER FOR SALE BY OWNER. on acre webb City schools new paint flooring and landscaping open floor plan very nice h . MORE GROVE ACRES GROVE GRAND LAKE OK acres with sq. ft. building. Less than ft. from public access ramp. Concrete block . MORE OWNER FINANCE Owner finance Newly restored historic district story brick br ba gar fence down. Moffet. . MORE GROVE GRAND LAKE OK GROVE GRAND LAKE OK Lakefront lot in and older gated development. . Common beach. minutes N. of Grove. De . MORE See all ads Other Cool Stuff FERRET FERRET Great pet. Includes large cage and extras. . . . MORE SMALL NICE OFFICES SMALL NICE OFFICES A class month includes utilities New Center and Incubator open downtown Joplin. Lots o . MORE WOOD FIREPLACE Wood fireplace Buck stove with electric blower. Tile base and accessories included . . . MORE CHIHUAHUA puppy APRI he could be your Mr. Hollywood. . . MORE ALTO SAXOPHONE Alto Saxophone Doc Severson trumpet each in good condition. . MORE BRASS HEADBOARD Queen Circa s to s Coke cooler Coke sign Dr. Pepper sign Coronet New lighthouse dishes Longaberger trio . MORE ASHLEY COCOA BROWN Ashley cocoa brown microfiber sofa matching rocker recliners adorable lavender white factory paint twin slei . MORE PINBALL MACHINE pinball MACHINE Pendant Fever Koken antique barber chair . . . MORE PAPERBACKS paperbacks each . MORE BLACK POWER RIFLE Lyman caliber deer stocker never fired . . . MORE See all ads COMMUNITY LINKS Newspaper In Education Arts of the Four States Vision Branson Best Read Guide Globe Sponsorship Form Globe Press Release Form The Joplin Globe Publishing Company East Fourth Street Joplin MO Using our site is your agreement to the terms and conditions . News newsjoplinglobe.com Advertise with the Joplin Globe Copyright The Joplin Globe Joplin MO All rights reserved. Popular Business directory links Joplin Apartments Joplin Attorneys Joplin Auto Dealers Joplin Auto Parts Joplin Auto Repair Joplin Beauty Salons Joplin Car Rental Joplin Dentists Joplin Doctors Joplin Flowers Joplin Hotels Joplin Insurance Joplin Loans Joplin Mortgages Joplin Movers Joplin Pizza Joplin Realtors Joplin Restaurants Joplin Storage Joplin Tax Preparation Joplin Travel Joplin Featured More. Community Newspaper Holdings Inc. CNHI Classified Advertising Network CNHI News Service Associated Press content . All rights reserved. AP content may not be published broadcast rewritten or redistributed. Our site is powered by Zope and our Internet Yellow Pages site is powered by PremierGuide . Some parts of our site may require you to download the Flash Player Plugin . View our Privacy Policy Advertiser index Content from the Daily Telegraph and Sunday Telegraph newspapers and video from Telegraph TV. Enhanced by Google Home News Sport Finance Comment Travel Lifestyle Culture Video A to Z Offers Jobs Dating News by Sector Comment Personal Finance Markets Economics Your Business Topics Financial Crisis You are here Home Finance Finance Topics Financial crisis Q A Everything you need to know Who got us into this mess what did they think they were doing and how do we get out of it By Compiled by Emma Simon and Paul Farrow Last Updated AM BST Oct Q How have the banks got into this situation A The problems started with the now notorious sub prime mortgages in America. Banks granted home loans to people who had little chance of repaying them but then sold these debts on to other banks often packaged up with other less risky debts. Invariably these debts and other high risk securities were sold on again. But then it became apparent that some of these loans would not be repaid and banks were left holding toxic debts. More worryingly banks were now unsure which institutions were most exposed to these bad investments and drew back from lending to each other amid concerns that the money would not be repaid if a bank failed. The collapse of Lehman Brothers the US investment bank last month intensified this fear and effectively paralysed global money markets. Since then central banks and governments have been hatching plans to restore liquidity and confidence in the banking system so oiling the wheels of capitalism again. Q Why do banks need to lend to and borrow from each other A Most people assume that banks work on that old fashioned notion of only lending out the money taken in on deposit. But this rarely happens today. The money taken in as savings is invested in the money markets in other words lent to other banks for the best possible rate. Banks then borrow from these same markets and sell on this money at a premium to customers in the form of mortgages and personal loans. If banks are unable to borrow from each other and from these money markets then they are unlikely to be able to offer competitive borrowing deals for consumers and we may have to go back to the days when mortgages were rationed and depended solely on deposits . This also explains why banks would be unable to repay savers if these decided en masse to empty their accounts. Such a run on a bank can drive a profitable institution to the brink potentially taking savers money with it. Q So is my money safe in the bank A Before Northern Rock collapsed a year ago few people would have worried about the safety of their money in a British bank or building society. But with Northern Rock Bradford Bingley HBOS and now Icesave running into difficulties the security of our savings has become more important than the interest rates they earn. Despite these problems savers have yet to lose a penny. The closest savers have come to losing out has been with Icesave a subsidiary of the Icelandic Landsbanki Bank. British savers saw their money frozen and there were fears that the Icelandic compensation scheme would not pay out. But Alistair Darling the Chancellor confirmed that the Government will reimburse savers in full through the Financial Services Compensation Scheme FSCS . Q Are all savings guaranteed A No. The Government has been careful not to offer a blank cheque underwriting the nation s savings in full. It was only able to make this pledge to Icesave s UK savers because of the exceptional economic circumstances. Given the market volatility savers should ensure that they have no more than with any one bank as this is the maximum that is guaranteed to be protected under the FSCS. This limit often applies to all brands offered by one banking group. Take care with foreign owned institutions as very often you will have to reclaim the first from an overseas compensation scheme. If you are nervous then stick with the UK where at least as a vote wielding citizen your money should be the top priority for the authorities. Q Why are share prices still falling Has the Government bail out failed A Last week the Government unveiled a billion rescue package for British banks. This trumped the US rescue plan in both size and scope pumping liquidity and capital into our struggling banking system. Although the plan is complex at its core are three main policies to offer extended borrowing facilities so that banks can access funds from the Bank of England to recapitalise banks by injecting money directly into them in exchange for a stake in the bank and to guarantee all new debt issued by banks effectively making their corporate bonds as safe as Government backed gilts. But these radical measures failed to stem the stock market rout and bank share prices continued to head south. This does not necessarily mean the bail out has failed. The Government will argue that this is a long term plan to put the banks on a firmer financial footing. Yesterday s pledge by G finance ministers to pump public money into banks to prevent their collapse could also translate into a recovery in share prices. Q So what is spooking investors Is there much worse news to come A It isn t just a lack of confidence in the banks that is driving share prices downwards. Fears of a recession are causing shares to be sold off in many companies. In a recession consumer spending already down will dip further. This will affect companies profits. There are also fears that recession and unemployment could lead to more toxic debt. It is not just sub prime mortgages credit card debt and car finance deals may also have to be written off if consumers can no longer meet repayments. Q The credit crunch has been around for a year why did it get so much worse this week A Panic is breeding panic. The fact that the much lauded rescue plans coupled with a global interest rate cut have done little to staunch the rout may have raised the fear factor as it is clear that Government and banks have little else to throw at the problem. Q The Government pumped money into the system before. Why didn t this work and why do they think more money now will do the trick A The Government already had a billion Special Liquidity Scheme in place which allowed banks to borrow from the Bank of England. This has been doubled in the hope that by giving banks access to more money they will start lending to consumers again. Q This is an extraordinary amount of money. Are we going to have to pay more tax as a result A This plan puts taxpayers money at risk but will not necessarily mean they lose out. If the plan revives banking fortunes then the Government could make money for taxpayers by having bought into the banks at such a low ebb. The money lent to them through the liquidity scheme will also have to be paid back. But if it doesn t work we could be paying for generations through higher taxes or cuts in public spending. Q Why should we pay more tax to save the banks They got themselves into this mess. A It is not hard to see why this rescue package has been so controversial. Many people wince at public money being used to bail out an industry that has shown little restraint in pay and bonuses. But without this help more banks would fail causing misery for all. Bank collapses could put savers money at risk reimbursing that could cost the taxpayer far more. Q How far can share prices fall A This is the billion dollar question. Following the bubble in technology stocks in the late s the FTSE share price index peaked at in December before falling to a low of in March . We are still marginally above this point. However the factors driving this crash are different and prices could head still lower. Q Is it too late to get out now A If you have left it this late to get out of the market it is probably too late and you are just crystallising large losses. Experts advice is to wait for recovery which will eventually come. Q Will shares just bounce back A We have no way of knowing what the recovery will be like. In the crash share prices recovered swiftly. But many experts are drawing parallels with the s or s when recession stalled a recovery for years. There is also the salutary lesson of Japan. In December the Nikkei index peaked at before suffering a catastrophic loss sparked by a banking crisis. Today almost years later it stands at just about . Q I don t own shares. Why should I care about the stock market A You probably have investments that are exposed to equities be it a pension unit linked savings an endowment trust fund or savings bond. Their value will have fallen by roughly a third over the past year depending on what shares your plan is invested in. A stock market collapse will also deepen a recession resulting in job cuts. Q Why is my mortgage rate still high when base rates have been cut A Many British banks have passed on this interest rate cut but there have been exceptions including Abbey Nationwide and HSBC. Most banks are not re pricing new mortgage deals because these are largely based on Libor the inter bank lending rate and this has remained stubbornly high. Text size Email this article Print this article Share this article Yahoo Buzz delicious Digg Facebook Fark Google Newsvine NowPublic Reddit StumbleUpon Related Content Worst is over Think again More on . Finance Topics Get feed updates UK News Get feed updates Finance Get feed updates News Get feed updates Markets Data TELEGRAPH TV Advertisement telegraph financial partners Investment solutions Investor services Portfolio management Investing for income guide Inheritance tax advice Reader guides Finance most viewed TODAY PAST WEEK PAST MONTH Classified Advertisement Advertisement Advertisement Advertisement MOTORING The ten best eco cars Green machines don t have to be dull. 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Back to top More Telegraph.co.uk A to Z Blogs Comment Crossword Culture Dating Earth Education Expat Fantasy Football Fashion Features Finance Food Drink Football Gardening Health Horoscopes Jobs Lifestyle Mobile Motoring My Telegraph News Obituaries Personal Finance Promotions Property Science Sport Style Book Sudoku Technology Travel Video Weather Widgets Archive Contact us Reader prints RSS feeds Subscribe and save Syndication Today s news Copyright of Telegraph Media Group Limited Terms Conditions of reading Commercial information Privacy and Cookie Policy. http www.telegraph.co.uk finance financetopics Financial crisis QandA Everything you need to know.html print email Digg it del.icio.us AIM Johnson looks for Jackets to improve special teams By GEORGE HENRY Associated Press Writer Enter Keyword s Enter a City Select a State All United States Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Select a Category All Job Categories Accounting Admin Clerical Automotive Banking Biotech Broadcast Journalism Business Development Construction Consultant Customer Service Design Distribution Shipping Education Engineering Entry Level Executive Facilities Finance General Business General Labor Government Health Care Hotel Hospitality Human Resources Information Technology Insurance Inventory Legal Legal Admin Management Manufacturing Marketing Nurse Other Pharmaceutical Professional Services Purchasing Procurement QA Quality Control Research Restaurant Food Service Retail Grocery Sales Science Skilled Labor Trades Strategy Planning Supply Chain Telecommunications Training Transportation Warehouse Advanced Job Search Search by Category ATLANTA Coach Paul Johnson is tired of seeing lackluster performances from Georgia Tech s special teams. So when the Yellow Jackets host Gardner Webb on Saturday Johnson expects to see immediate improvement in the kicking game. Right now I d say it s unacceptable the way we ve been playing on special teams. Johnson said this week. Other than the kickoff team the rest of the teams are fairly atrocious. Most Tech fans probably will care more about their team s quarterback scenario. Calvin Booker a third string senior could start at quarterback with Josh Nesbitt hamstring and Jaybo Shaw mild concussion nursing injuries. Johnson indicated that he might wait until an hour before the p.m. kickoff to see if Nesbitt or Shaw is ready but the first year coach seems more concerned about special teams. Though Gardner Webb is a FCS school from the Big South Conference Johnson wants to see better blocking and running on kickoff returns a category in which the Jackets rank last in the Atlantic Coast Conference with a . average. It s possible that Tech could use Marcus Wright a true freshman with no experience to return kickoffs. Johnson brought up Wright s name earlier this week while discussing a lack of depth at running back. The Jackets had hoped to red shirt Wright but now that he s needed on offense Johnson sees no reason why he couldn t help on special teams. Jonathan Dwyer who leads the ACC in rushing has teamed with receiver Tyler Melton on kickoff returns but Johnson likely would prefer to use arguably Tech s best offensive player only at B back in his triple option attack. Melton who has five catches for yards is the team s only true freshman to start on offense or defense. He was stuffed badly in last week s win over Duke which held him to minus yards on attempts. With just . yards per punt return the Jackets rank th in the ACC and they re th in net punting with a . average. We re going to change some personnel and we re going to change the way we do it Johnson said. We haven t done a very good job of coaching em in my opinion and we haven t done a very good job of executing. Kicker Scott Blair who has struggled on field goal just for and extra point attempts for was removed as the punter before the Duke game. Chandler Anderson a red shirt freshman and former walk on took his place punting three times for a . net average. We haven t punted a lot but still not good Johnson said. We can be better than that. Now that Blair who missed four of his first five field goal attempts no longer has to work as the primary punter Johnson believes his accuracy will improve. He s kind of gotten in more of a groove Johnson said. At least he s making more. There were a couple of extra points against Duke that were iffy. That s why I wanted to kick the field goal at the end to get him some confidence because we ve been struggling a little bit. Gardner Webb kicker Ryan Gates has done well this year particularly in a home loss two weeks ago to Sam Houston State which watched him hit four field goals including one from yards and another from . Quarterback Stan Doolittle has completed of passes for yards four touchdowns and five interceptions. Dobson Collins leads Gardner Webb with catches for yards and three TDs. Running backs Philip Peoples and Patrick Hall have combined for net yards rushing and seven TDs. The Runnin Bulldogs have never played Georgia Tech. The last time they in Atlanta was in beating Morris Brown victory. News Business Sports Entertainment Living Shop Local Classifieds Jobs Cars Real Estate About Ledger Enquirer.com About the McClatchy Company Terms of Use Privacy Policy Copyright
Missouri voters to decide renewable energy mandate The Joplin Globe Johnson looks for Jackets to improve special teams LedgerEnquirer
Sun, 12 Oct 2008 09:45:16 +0000
. The Empire District Electric Co. which serves Joplin and much of the area has taken a neutral stance on the proposal. It is poised to meet the upper end of the standard as early as next year or is exempted from certain provisions of it. The Missouri Energy Development Association which represents investor owned utilities in the state also is neutral but has expressed concern that the requirements for green power could push up utility costs. Missouri voters to decide renewable energy mandate By Susan Redden sreddenjoplinglobe.com Investor owned utilities in Missouri will have to generate more power from renewable sources if voters approve Proposition C on Nov. . The Empire District Electric Co. which serves Joplin and much of the area has taken a neutral stance on the proposal. It is poised to meet the upper end of the standard as early as next year or is exempted from certain provisions of it. The Missouri Energy Development Association which represents investor owned utilities in the state also is neutral but has expressed concern that the requirements for green power could push up utility costs. The measure called the Clean Energy Initiative has been endorsed by Kansas City Power and Light. But proponents of the ballot measure point out that rates as a result of the initiative will not be allowed to increase more than one percent a year. Twenty six other states already have this requirement and it has had little or no impact on consumer electric bills said Erin Noble energy policy coordinator with the Missouri Coalition for the Environment. The measure requires investor owned utilities to generate or purchase electricity from renewable energy sources such as solar wind biomass and hydro power at the rate of at least percent in retail sales by increasing to at least percent by . Empire for the last three years has had a contract to purchase energy produced by the Elk River Wind Farm near Beaumont Kan. The wind farm can provide about percent of Empire s needs. And with the completion of the Meridian Way Wind Farm near Concordia Kan. Empire officials said the utility should meet that percent mandate next year. Currently Empire is selling that wind generated power as green credits company officials said. In order to achieve the requirements set forth by Proposition C we would just need to retain some of the renewable energy credits we re selling now said Emily Stanley an Empire spokeswoman. She said the requirement would have no immediate impact on Empire s rates but longer term we would have to see what the strategy would be. Rates go down Noble said studies done for the coalition suggest rates actually will go down eventually in part because of expectations that carbon emissions will be taxed. We expect this policy to save Missouri residents a cumulative million over the next years she said. Read more Click to discuss this story with other readers on our forums. Add a comment on this story Your user agent does not support frames or is currently configured not to display frames. However you may visit this page to see the comments associated with this story. More from the Local News section Lower prices bring relief but fuel theories of political manipulation Authorities probe Joplin house fire State law would restrict sex offenders on Halloween w JPD Chief Lane Roberts interview audio Philanthropist dies at Volunteers lend hand to help area residents stay in their homes Maps Menus Store hours Coupons and more. Popular business directory searches Joplin Apartments Joplin Attorneys Joplin Auto Dealers Joplin Auto Parts Joplin Auto Repair Joplin Beauty Salons Joplin Car Rental Joplin Dentists Joplin Doctors Joplin Flowers Joplin Hotels Joplin Insurance Joplin Loans Joplin Mortgages Joplin Movers Joplin Pizza Joplin Realtors Joplin Restaurants Joplin Storage Joplin Tax Preparation Joplin Travel Joplin Featured More. Featured Jobs LICENSED MASTER or PHD level Psychologist counselor or social workers wanted for private practice. Send letter of interest and resume . MORE NURSING INSTRUCTOR Nursing INSTRUCTOR Crowder College Nevada with maternal child nursing emphasis both classroom and clinical settings. . MORE LOCAL TRANSPORTATION COMPANY Local Transportation Company seeks bright outgoing individuals with a positive Can Do attitude for in house office po . MORE BEST WESTERN OASIS INN Best Western Oasis Inn S. Range Line Road. Now hiring for the following position Housekeeping Competitive sala . MORE WANTED SHOP EMPLOYEES WANTED SHOP EMPLOYEES Must have mechanical ability. Hydraulic or Electrical experience a Plus. Offering Competitive Sa . MORE RN AND CMT RN AND CMT days and evenings available hour shifts bonuses. Granby House S. Main Granby MO. . . MORE WAREHOUSE PERSON OPERATOR needed. Full time position with benefits. Must have or willing to obtain Class A CDL with hazmat. Loading and delivery o . MORE RESIDENTIAL PSYCH TECHS Residential PSYCH TECHS Full and part time positions available for all shifts We are looking for caring mature people t . MORE JOPLIN PUBLIC LIBRARY CIRCULATION ASSISTANT hour per week. Includes day evening weekend hours. Two years college preferred. Library experience not required. . MORE FREELANCE WRITER WANTED FREELANCE WRITER WANTED Ozarks Farm and Neighbor seeks talented writers with agriculture journalism and photography . MORE See all ads Featured Transportation LEXUS IS cylinder door miles see to appreciate Now . Phone . . MORE GMC JIMMY GMC Jimmy x very clean runs great or best offer. Also have Chrysler M loaded great m . MORE FORD EXPLORER Ford Explorer door sport speed great mpg need to sell because of illness . or . MORE CHEVROLET SUBURBAN Chevrolet Suburban excellent condition . . . MORE FORD EXPEDITION XLT ford Expedition XLT miles fully equipped excellent condition . . . MORE FORD WINDSTAR automatic cruise tilt air nice van . . MORE BUICK LESABRE LIMITED miles Cadillac Deville nice car miles . . . MORE JEEP GRAND CHEROKEE jeep Grand Cherokee x good condition new tires . . . MORE MITSUBISHI DIAMANTE looks good runs great loaded . . MORE FORD AEROSTAR miles automatic fully loaded. . . MORE See all ads Featured Homes NEW LOG HOME ON TABLE ROCK LAKE NEW LOG HOME ON TABLE ROCK LAKE bedroom bath car garage. Upscale community boat slip available Call . MORE BR BA BR ba car garage hobby farm on acres large workshop large fruit trees immaculate . MORE BR BA MOBILE BR BA mobile nice wooded corner lot down month. Goodman MO. No credit check. . . MORE HISTORIC HOME CARTHAGE MO Historic home Carthage MO sq. ft. BR . BA hardwood floors dual heat air detached garage minute walk to . MORE X BR x br ba vinyl shingle patio door raised kitchen large garden tub Deliver anchored. . . MORE OPEN HOUSE SUNDAY P.M. OPEN HOUSE SUNDAY P.M. BR BA sq. ft. Joplin Street Joplin MO. . MORE FOR SALE BY OWNER FOR SALE BY OWNER. on acre webb City schools new paint flooring and landscaping open floor plan very nice h . MORE GROVE ACRES GROVE GRAND LAKE OK acres with sq. ft. building. Less than ft. from public access ramp. Concrete block . MORE OWNER FINANCE Owner finance Newly restored historic district story brick br ba gar fence down. Moffet. . MORE GROVE GRAND LAKE OK GROVE GRAND LAKE OK Lakefront lot in and older gated development. . Common beach. minutes N. of Grove. De . MORE See all ads Other Cool Stuff FERRET FERRET Great pet. Includes large cage and extras. . . . MORE SMALL NICE OFFICES SMALL NICE OFFICES A class month includes utilities New Center and Incubator open downtown Joplin. Lots o . MORE WOOD FIREPLACE Wood fireplace Buck stove with electric blower. Tile base and accessories included . . . MORE CHIHUAHUA puppy APRI he could be your Mr. Hollywood. . . MORE ALTO SAXOPHONE Alto Saxophone Doc Severson trumpet each in good condition. . MORE BRASS HEADBOARD Queen Circa s to s Coke cooler Coke sign Dr. Pepper sign Coronet New lighthouse dishes Longaberger trio . MORE ASHLEY COCOA BROWN Ashley cocoa brown microfiber sofa matching rocker recliners adorable lavender white factory paint twin slei . MORE PINBALL MACHINE pinball MACHINE Pendant Fever Koken antique barber chair . . . MORE PAPERBACKS paperbacks each . MORE BLACK POWER RIFLE Lyman caliber deer stocker never fired . . . MORE See all ads COMMUNITY LINKS Newspaper In Education Arts of the Four States Vision Branson Best Read Guide Globe Sponsorship Form Globe Press Release Form The Joplin Globe Publishing Company East Fourth Street Joplin MO Using our site is your agreement to the terms and conditions . News newsjoplinglobe.com Advertise with the Joplin Globe Copyright The Joplin Globe Joplin MO All rights reserved. Popular Business directory links Joplin Apartments Joplin Attorneys Joplin Auto Dealers Joplin Auto Parts Joplin Auto Repair Joplin Beauty Salons Joplin Car Rental Joplin Dentists Joplin Doctors Joplin Flowers Joplin Hotels Joplin Insurance Joplin Loans Joplin Mortgages Joplin Movers Joplin Pizza Joplin Realtors Joplin Restaurants Joplin Storage Joplin Tax Preparation Joplin Travel Joplin Featured More. Community Newspaper Holdings Inc. CNHI Classified Advertising Network CNHI News Service Associated Press content . All rights reserved. AP content may not be published broadcast rewritten or redistributed. Our site is powered by Zope and our Internet Yellow Pages site is powered by PremierGuide . Some parts of our site may require you to download the Flash Player Plugin . View our Privacy Policy Advertiser index Content from the Daily Telegraph and Sunday Telegraph newspapers and video from Telegraph TV. Enhanced by Google Home News Sport Finance Comment Travel Lifestyle Culture Video A to Z Offers Jobs Dating News by Sector Comment Personal Finance Markets Economics Your Business Topics Financial Crisis You are here Home Finance Finance Topics Financial crisis Q A Everything you need to know Who got us into this mess what did they think they were doing and how do we get out of it By Compiled by Emma Simon and Paul Farrow Last Updated AM BST Oct Q How have the banks got into this situation A The problems started with the now notorious sub prime mortgages in America. Banks granted home loans to people who had little chance of repaying them but then sold these debts on to other banks often packaged up with other less risky debts. Invariably these debts and other high risk securities were sold on again. But then it became apparent that some of these loans would not be repaid and banks were left holding toxic debts. More worryingly banks were now unsure which institutions were most exposed to these bad investments and drew back from lending to each other amid concerns that the money would not be repaid if a bank failed. The collapse of Lehman Brothers the US investment bank last month intensified this fear and effectively paralysed global money markets. Since then central banks and governments have been hatching plans to restore liquidity and confidence in the banking system so oiling the wheels of capitalism again. Q Why do banks need to lend to and borrow from each other A Most people assume that banks work on that old fashioned notion of only lending out the money taken in on deposit. But this rarely happens today. The money taken in as savings is invested in the money markets in other words lent to other banks for the best possible rate. Banks then borrow from these same markets and sell on this money at a premium to customers in the form of mortgages and personal loans. If banks are unable to borrow from each other and from these money markets then they are unlikely to be able to offer competitive borrowing deals for consumers and we may have to go back to the days when mortgages were rationed and depended solely on deposits . This also explains why banks would be unable to repay savers if these decided en masse to empty their accounts. Such a run on a bank can drive a profitable institution to the brink potentially taking savers money with it. Q So is my money safe in the bank A Before Northern Rock collapsed a year ago few people would have worried about the safety of their money in a British bank or building society. But with Northern Rock Bradford Bingley HBOS and now Icesave running into difficulties the security of our savings has become more important than the interest rates they earn. Despite these problems savers have yet to lose a penny. The closest savers have come to losing out has been with Icesave a subsidiary of the Icelandic Landsbanki Bank. British savers saw their money frozen and there were fears that the Icelandic compensation scheme would not pay out. But Alistair Darling the Chancellor confirmed that the Government will reimburse savers in full through the Financial Services Compensation Scheme FSCS . Q Are all savings guaranteed A No. The Government has been careful not to offer a blank cheque underwriting the nation s savings in full. It was only able to make this pledge to Icesave s UK savers because of the exceptional economic circumstances. Given the market volatility savers should ensure that they have no more than with any one bank as this is the maximum that is guaranteed to be protected under the FSCS. This limit often applies to all brands offered by one banking group. Take care with foreign owned institutions as very often you will have to reclaim the first from an overseas compensation scheme. If you are nervous then stick with the UK where at least as a vote wielding citizen your money should be the top priority for the authorities. Q Why are share prices still falling Has the Government bail out failed A Last week the Government unveiled a billion rescue package for British banks. This trumped the US rescue plan in both size and scope pumping liquidity and capital into our struggling banking system. Although the plan is complex at its core are three main policies to offer extended borrowing facilities so that banks can access funds from the Bank of England to recapitalise banks by injecting money directly into them in exchange for a stake in the bank and to guarantee all new debt issued by banks effectively making their corporate bonds as safe as Government backed gilts. But these radical measures failed to stem the stock market rout and bank share prices continued to head south. This does not necessarily mean the bail out has failed. The Government will argue that this is a long term plan to put the banks on a firmer financial footing. Yesterday s pledge by G finance ministers to pump public money into banks to prevent their collapse could also translate into a recovery in share prices. Q So what is spooking investors Is there much worse news to come A It isn t just a lack of confidence in the banks that is driving share prices downwards. Fears of a recession are causing shares to be sold off in many companies. In a recession consumer spending already down will dip further. This will affect companies profits. There are also fears that recession and unemployment could lead to more toxic debt. It is not just sub prime mortgages credit card debt and car finance deals may also have to be written off if consumers can no longer meet repayments. Q The credit crunch has been around for a year why did it get so much worse this week A Panic is breeding panic. The fact that the much lauded rescue plans coupled with a global interest rate cut have done little to staunch the rout may have raised the fear factor as it is clear that Government and banks have little else to throw at the problem. Q The Government pumped money into the system before. Why didn t this work and why do they think more money now will do the trick A The Government already had a billion Special Liquidity Scheme in place which allowed banks to borrow from the Bank of England. This has been doubled in the hope that by giving banks access to more money they will start lending to consumers again. Q This is an extraordinary amount of money. Are we going to have to pay more tax as a result A This plan puts taxpayers money at risk but will not necessarily mean they lose out. If the plan revives banking fortunes then the Government could make money for taxpayers by having bought into the banks at such a low ebb. The money lent to them through the liquidity scheme will also have to be paid back. But if it doesn t work we could be paying for generations through higher taxes or cuts in public spending. Q Why should we pay more tax to save the banks They got themselves into this mess. A It is not hard to see why this rescue package has been so controversial. Many people wince at public money being used to bail out an industry that has shown little restraint in pay and bonuses. But without this help more banks would fail causing misery for all. Bank collapses could put savers money at risk reimbursing that could cost the taxpayer far more. Q How far can share prices fall A This is the billion dollar question. Following the bubble in technology stocks in the late s the FTSE share price index peaked at in December before falling to a low of in March . We are still marginally above this point. However the factors driving this crash are different and prices could head still lower. Q Is it too late to get out now A If you have left it this late to get out of the market it is probably too late and you are just crystallising large losses. Experts advice is to wait for recovery which will eventually come. Q Will shares just bounce back A We have no way of knowing what the recovery will be like. In the crash share prices recovered swiftly. But many experts are drawing parallels with the s or s when recession stalled a recovery for years. There is also the salutary lesson of Japan. In December the Nikkei index peaked at before suffering a catastrophic loss sparked by a banking crisis. Today almost years later it stands at just about . Q I don t own shares. Why should I care about the stock market A You probably have investments that are exposed to equities be it a pension unit linked savings an endowment trust fund or savings bond. Their value will have fallen by roughly a third over the past year depending on what shares your plan is invested in. A stock market collapse will also deepen a recession resulting in job cuts. Q Why is my mortgage rate still high when base rates have been cut A Many British banks have passed on this interest rate cut but there have been exceptions including Abbey Nationwide and HSBC. Most banks are not re pricing new mortgage deals because these are largely based on Libor the inter bank lending rate and this has remained stubbornly high. Text size Email this article Print this article Share this article Yahoo Buzz delicious Digg Facebook Fark Google Newsvine NowPublic Reddit StumbleUpon Related Content Worst is over Think again More on . Finance Topics Get feed updates UK News Get feed updates Finance Get feed updates News Get feed updates Markets Data TELEGRAPH TV Advertisement telegraph financial partners Investment solutions Investor services Portfolio management Investing for income guide Inheritance tax advice Reader guides Finance most viewed TODAY PAST WEEK PAST MONTH Classified Advertisement Advertisement Advertisement Advertisement MOTORING The ten best eco cars Green machines don t have to be dull. 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Back to top More Telegraph.co.uk A to Z Blogs Comment Crossword Culture Dating Earth Education Expat Fantasy Football Fashion Features Finance Food Drink Football Gardening Health Horoscopes Jobs Lifestyle Mobile Motoring My Telegraph News Obituaries Personal Finance Promotions Property Science Sport Style Book Sudoku Technology Travel Video Weather Widgets Archive Contact us Reader prints RSS feeds Subscribe and save Syndication Today s news Copyright of Telegraph Media Group Limited Terms Conditions of reading Commercial information Privacy and Cookie Policy. http www.telegraph.co.uk finance financetopics Financial crisis QandA Everything you need to know.html print email Digg it del.icio.us AIM Johnson looks for Jackets to improve special teams By GEORGE HENRY Associated Press Writer Enter Keyword s Enter a City Select a State All United States Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Select a Category All Job Categories Accounting Admin Clerical Automotive Banking Biotech Broadcast Journalism Business Development Construction Consultant Customer Service Design Distribution Shipping Education Engineering Entry Level Executive Facilities Finance General Business General Labor Government Health Care Hotel Hospitality Human Resources Information Technology Insurance Inventory Legal Legal Admin Management Manufacturing Marketing Nurse Other Pharmaceutical Professional Services Purchasing Procurement QA Quality Control Research Restaurant Food Service Retail Grocery Sales Science Skilled Labor Trades Strategy Planning Supply Chain Telecommunications Training Transportation Warehouse Advanced Job Search Search by Category ATLANTA Coach Paul Johnson is tired of seeing lackluster performances from Georgia Tech s special teams. So when the Yellow Jackets host Gardner Webb on Saturday Johnson expects to see immediate improvement in the kicking game. Right now I d say it s unacceptable the way we ve been playing on special teams. Johnson said this week. Other than the kickoff team the rest of the teams are fairly atrocious. Most Tech fans probably will care more about their team s quarterback scenario. Calvin Booker a third string senior could start at quarterback with Josh Nesbitt hamstring and Jaybo Shaw mild concussion nursing injuries. Johnson indicated that he might wait until an hour before the p.m. kickoff to see if Nesbitt or Shaw is ready but the first year coach seems more concerned about special teams. Though Gardner Webb is a FCS school from the Big South Conference Johnson wants to see better blocking and running on kickoff returns a category in which the Jackets rank last in the Atlantic Coast Conference with a . average. It s possible that Tech could use Marcus Wright a true freshman with no experience to return kickoffs. Johnson brought up Wright s name earlier this week while discussing a lack of depth at running back. The Jackets had hoped to red shirt Wright but now that he s needed on offense Johnson sees no reason why he couldn t help on special teams. Jonathan Dwyer who leads the ACC in rushing has teamed with receiver Tyler Melton on kickoff returns but Johnson likely would prefer to use arguably Tech s best offensive player only at B back in his triple option attack. Melton who has five catches for yards is the team s only true freshman to start on offense or defense. He was stuffed badly in last week s win over Duke which held him to minus yards on attempts. With just . yards per punt return the Jackets rank th in the ACC and they re th in net punting with a . average. We re going to change some personnel and we re going to change the way we do it Johnson said. We haven t done a very good job of coaching em in my opinion and we haven t done a very good job of executing. Kicker Scott Blair who has struggled on field goal just for and extra point attempts for was removed as the punter before the Duke game. Chandler Anderson a red shirt freshman and former walk on took his place punting three times for a . net average. We haven t punted a lot but still not good Johnson said. We can be better than that. Now that Blair who missed four of his first five field goal attempts no longer has to work as the primary punter Johnson believes his accuracy will improve. He s kind of gotten in more of a groove Johnson said. At least he s making more. There were a couple of extra points against Duke that were iffy. That s why I wanted to kick the field goal at the end to get him some confidence because we ve been struggling a little bit. Gardner Webb kicker Ryan Gates has done well this year particularly in a home loss two weeks ago to Sam Houston State which watched him hit four field goals including one from yards and another from . Quarterback Stan Doolittle has completed of passes for yards four touchdowns and five interceptions. Dobson Collins leads Gardner Webb with catches for yards and three TDs. Running backs Philip Peoples and Patrick Hall have combined for net yards rushing and seven TDs. The Runnin Bulldogs have never played Georgia Tech. The last time they in Atlanta was in beating Morris Brown victory. News Business Sports Entertainment Living Shop Local Classifieds Jobs Cars Real Estate About Ledger Enquirer.com About the McClatchy Company Terms of Use Privacy Policy Copyright
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