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US foreclosure rate slows but still at historic high, Vermont among lowest

Mon, 03/15/2010 - 9:19am -- tim

The February 2010 Mortgage Monitor report, released by Lender Processing Services, Inc. (NYSE: LPS), a leading provider of mortgage performance data and analytics, shows that while delinquency rates in the U.S. have risen to historic highs, the pace of deterioration has slowed. However, the nation's housing market remains far from a full recovery.

CVPS reports increase in earnings for 2009

Mon, 03/15/2010 - 7:07am -- tim

Central Vermont Public Service (NYSE: CV) reported consolidated earnings of $20.4 million, or $1.74 per diluted share of common stock, for the 12 months of 2009, compared to $16 million, or $1.52 per diluted share of common stock, for the same period in 2008.
CV reported fourth-quarter 2009 consolidated earnings of $2.1 million, or 18 cents per diluted share of common stock, compared to a loss of $0.1 million, or 1 cent per diluted share of common stock, for the same period last year.

Governor Douglas receives Quebec's highest honor

Fri, 03/12/2010 - 12:30pm -- tim

Governor Jim Douglas received the National Order of Québec (l Ordre national du Québec) yesterday at a ceremony in the Québec National Assembly, becoming only the 4th American and first American public official to receive the honor.  Québec Premier Jean Charest cited Governor Douglas work in strengthening the historic Québec -Vermont relationship throughout his career in public service during the investiture ceremony held yesterday.
Governor s remarks:

Senate committee votes to authorize sale or lease of the Brighton State Airport

Fri, 03/12/2010 - 11:59am -- tim

The Senate Institutions Committee on Friday approved on a 5-0 vote legislation to authorize the sale or lease of the Brighton State Airport to either the Town Brighton or Vermont Renewable Energy Co.   The details of the sale or lease will be left up to the Agency of Transportation to negotiate.  The property will be sold at fair market value.  The legislation next goes to the full Senate for review and consideration. 

Plasan Bennington gets another $170 million M-ATV military contract

Fri, 03/12/2010 - 9:43am -- tim

Plasan, a global leader in the field of combat-proven survivability and armor solutions for vehicles, airborne platforms and personal protection, has received another US Military contract worth $170 million to the Bennington company. Plasan makes plating for armored vehicles. The vehicles themselves are made by Oshkosh Defense in Wisconsin. Plasan is seeking to expand its site in Bennington by 4,500 square feet to accommodate the work. Employment at the site is up to 220 and could grow further.

Leahy brings Senate panel to Vermont to focus on crime solutions

Fri, 03/12/2010 - 6:39am -- tim

Senator Patrick Leahy (D-Vt.) will chair a field hearing of the U.S. Senate Judiciary Committee on Monday, March 22, in Barre, Vermont. The hearing will examine the effective efforts of Barre and surrounding communities in fighting drug-related crime. Leahy has invited the Director of the Office of National Drug Control Policy, R. Gil Kerlikowske the nation s drug czar to testify at the hearing. Kerlikowske is the former police chief in Seattle, and has almost 40 years of law enforcement experience.

Governor, premier announce preliminary 26-year Vermont-Hydro-Québec agreement

Thu, 03/11/2010 - 11:09am -- tim

Vermont s two largest utilities today signed a memorandum of understanding with provincial utility Hydro-Québec that sets the stage for a new power supply contract for Vermont customers. The 225-megawatt deal is comparable the current Hydro-Quebec contract and the initial cost will have little if any inflation, according to a utility source. 

Vermont ranks second for census-based funding, study finds

Thu, 03/11/2010 - 10:23am -- intern

A study by the Brookings Institution has found that Vermont received federal funds distributed based on census data at a rate of double the national average, according to data from fiscal 2008. The study found that Vermont received close to $1.79 billion in funds, or $2,873.67 per capita. Nationally, the average is $1,469 per capita. Vermont was second only to Washington, DC in terms of per-capita money awarded. The largest portion of the state s census-related funding, 67.5 percent, was put towards health care, followed by 10.6 percent allotted to transportation.