GM Introduces Sail SPRINGO EV in China

General Motors Co announced the launch of its first China-developed electric car at the Guangzhou Auto Show, which will be sold for RMB 258,000 ($41,400).

The Sail SPRINGO EV was developed by Shanghai GM and the Pan Asia Technical Automotive Center (PATAC), making it the first production electric vehicle created by a Chinese joint venture.

The SPRINGO EV pure electric vehicle meets the highest global electric vehicle standards, using the latest industry battery and electric drive technology.

The Sail SPRINGO EV is well suited for urban environments. Its pure electric propulsion system delivers an exceptional driving experience that rivals traditional gasoline-powered vehicles. The vehicle?s electric motor produces minimal sound, for a distinctly peaceful commute.

Based off a new electric vehicle architecture developed by Shanghai GM in conjunction with PATAC, the Sail SPRINGO EV has an emissions-free propulsion system. Its permanent magnet electric motor is capable of producing 85 kW of power and up to 510 Nm of torque, allowing acceleration from 0 to 100 km/h (0-62 mph) from a standing start in just over 10 seconds. Pushing the Sport button provides a 20 percent boost in acceleration at the beginning and middle of the torque curve compared to pressing the accelerator in a gasoline-powered vehicle. The top speed is 130 km/h (80 mph). Its stability during high-speed cruising and cornering is optimized by a new tailored full-frame chassis with an enhanced stabilizer bar and a finely tuned suspension.

The Sail SPRINGO EV?s battery and electric drive technology were developed based on the most advanced global electric vehicle standards for maximum energy efficiency. The result is an exceptionally long electric range of 130 km (80 miles) under a variety of road conditions and 200 (127 miles) km at a constant speed of 60 km/h (37 mph), which is sufficient to meet the daily needs of most people living in urban areas.

The Sail SPRINGO EV consumes less than 15 kWh for every 100 km, which is less than most electric vehicles currently on the market. The Sail SPRINGO EV costs just RMB 4.6 per 100 km to drive when charged during lower-cost off-peak hours (between 10:00 p.m. and 6:00 a.m.).

The Sail SPRINGO EV is environmental and user friendly, with a host of advanced vehicle telematics. It can be charged using a 3.3-kW charging station or a standard household outlet. It takes approximately seven hours for the battery to be fully charged using a dedicated 220V connection. There are three charging modes available: immediate charging, time delay charging, and time delay and rate charging. This enables customers to choose the charging option that fits their needs.

Vehicle charging can also be managed and monitored remotely using a smart phone mobile app provided by Shanghai OnStar. Owners can use the app to perform a range of functions remotely, such as starting the vehicle?s heater or air conditioner. OnStar?s service system also carries out remote vehicle monitoring and analysis of other vehicle systems, and provides drivers with additional vehicle information such as tire pressure. If abnormal data is detected, the OnStar system will immediately contact the owner to provide safety information and instructions.

Yet another feature allows owners to check energy usage and remaining charge level with a touch of the Energy Leaf button. A color display, multimedia entertainment system and information display center with a 7-inch high-definition dual touchscreen offer drivers and passengers an easy-to-use interactive experience.

A world-class safety design protects Sail SPRINGO EV occupants in the event of a collision. The vehicle passed an extensive array of more than 20 collision tests during its development to verify its safety.

Developed to meet the strictest global electric vehicle safety standards, the Sail SPRINGO EV fully complies with safety requirements for pure electric vehicles in China. Its newly designed front and rear anti-collision beams made from ultra-high strength steel and its strong and comprehensive body structure protect the battery pack in the event of a collision. The battery pack and powertrain have performed normally after rigorous testing in various conditions.

All of Shanghai GM's new energy vehicles, including the Sail SPRINGO EV, will be sold through an exclusive ?Drive to Green? sales network. The first showroom is expected to open in the first half of 2013 in Shanghai. The exclusive sales and aftersales service network will be expanded to key new energy vehicle demo cities based on local market conditions and the development of the new energy vehicle industry and charging infrastructure.

The Sail SPRINGO EV will come with a vehicle warranty of three years or 80,000 km (50,000 miles), as well as a battery warranty of five years or 100,000 km (62,000 miles). Until the ?Drive to Green? sales network is established, Shanghai GM's Buick and Chevrolet service centers will provide Sail SPRINGO EV owners door-to-door service and exclusive steward service for a worry-free driving and maintenance experience.

Source: http://puregreencars.com/green-cars/100-electric/gm-introduces-sail-springo-ev-in-china.html

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Lenovo ThinkPad X1 Carbon Touch confirmed on company's site, scheduled for December launch

Announced quietly on its site today, Lenovo's pushing its Ultrabook legacy forward with the ThinkPad X1 Carbon Touch. Details on the 14-inch device are light at the moment, but from what we can glean, this Windows 8-based machine will feature an "HD+" display, which should translate to a 1,600 x 900 resolution, and come housed in a carbon fiber construction. And as its moniker points out, this particular Ultrabook one ups its keyboard-only predecessor with the addition of a touch screen. It's slated for launch sometime this December, so stay tuned for further details on pricing and availability.

Filed under: Laptops, Lenovo

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Source: Lenovo

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Banks may shrink for good as layoffs near 160,000

LONDON (Reuters) - Major banks have announced some 160,000 job cuts since early last year and with more layoffs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one.

A Reuters analysis of job cuts announced by 29 major banks showed the layoffs were much bigger in Europe than in Asia or the United States. That is a particular blow to Britain where the finance industry makes up roughly 10 percent of the economy.

The tally of nearly 160,000 job cut plans, meanwhile, is likely to be a conservative estimate as smaller banks and brokers are also cutting staff or shutting up shop, and bigger banks have not always disclosed target numbers of layoffs.

The tally also does not include reports of 6,000 job cuts to come at Commerzbank, for example, which the German group would not confirm last week.

Well-paid investment bankers are bearing the brunt of cost cuts as deals dry up and trading income falls. That is particularly the case in some activities such as stock trading, where low volumes and thin margins are squeezing banks.

"When I let go tons of people in cash equities this year, I knew most would be finished in this business. It is pretty dead. Some will just have to find something completely different to do," said one top executive at an international bank in London, on condition of anonymity.

The job cuts eat into tax revenues usually reaped from the sector at a time when the global economic recovery is slowing.

This year's tax income from the industry in Britain could drop to around 40 billion pounds ($63 billion) this year, compared to 70 billion in 2007/08, when the financial crisis hit, the Centre for Economics and Business Research (CEBR) think-tank said this week.

The job cuts announced since the beginning of 2011 come on top of job cuts already carried since 2009.

Of the 29 banks, from Europe's biggest bank HSBC to U.S. investment bank Morgan Stanley, just over 83,700 net jobs have been lost since 2009, with 167,200 jobs axed and 83,500 created.

Squeezed by regulations forcing banks to store up more capital in their trading businesses, firms are likely to shrink their investment banking units even further, as they overhaul their models to survive.

"It is structural as well as in response to cycles in the market. The market is still over-broked," said Zaheer Ebrahim at recruiters Kennedy Group.

Swiss bank UBS last month outlined a further 10,000 layoffs after announcing a plan for 3,500 job cuts last year. It said in October it had decided to exit most of its rates and debt trading units.

Workers in retail banking operation will not be immune to job cuts either, particularly in slowing European economies. In France for instance, bank executives predict retail revenues will falter.

"There are still 300,000 too many full-time employees in the top financial services players in Europe," said Caio Gilberti from the financial services practice of consultancy AlixPartners. Gilberti said cutting those jobs could lop just over 20 billion euros off banks' collective cost base.

LEAVING FOR GOOD

As banks shrink, fewer of those leaving are able to find equivalent jobs at rivals, head-hunters and bankers said, and only a small proportion of those are qualified to move into other jobs at hedge funds, for instance, which look for specialized, skilled traders.

Mergers and acquisition dealmakers are now also coming under pressure, with fees in that area down 21 percent worldwide to $13.9 billion in the first nine months, Thomson Reuters data showed.

More senior investment bankers are among those in the line of fire. Those ranking as managing directors (MDs), who can command base salaries of around 350,000 pounds ($556,000), are becoming costly to keep - and difficult to take on.

"At MD level, it is tougher to accept smaller jobs, and they do not have the same drive and ambition as the young bankers who have just graduated," Ebrahim from the Kennedy Group said.

Many of those that have enjoyed lucrative careers in the fatter years are instead leaving big banks for good, setting up their own small consultancies or different types of businesses.

($1 = 0.6293 pound)

(Editing by Jon Hemming)

Source: http://news.yahoo.com/banks-seen-shrinking-good-lay-offs-near-160-072830812--sector.html

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Caribbean American Entrepreneur Promoting Culture Builds Florida

Lakeland ? Art & Gator is the first online magazine to position and promote Florida's cultural and outdoor lifestyle and was launched October 30th in Lakeland, FL.

Jamaican born, George Byfield, has announced the inauguration of ?Art & Gator? (www.artandgator.com), an online publication about what makes Florida, Florida ? for both residents and travelers alike. ?Art & Gator? is an upscale lifestyle publication, geared toward those who appreciate ? as per the title ? our state?s artistic institutions, its natural wonderlands, its many cultures, its conservation ethic, its unknown surprises, and the movers and shakers who are active in its economic engine and its philanthropic causes.

?Our big theme parks are great,? Byfield says, ?and they bring people here from all over the world. But we?d like to show discerning travelers the diverse cultures and natural treasures as well. And we?d like to show our residents, too?and to show them the part that interesting Floridians and people from different cultures are playing in nurturing our state?s economic, social, and artistic climates.?

Toward that end, Byfield has assembled a talented core of local writers, photographers as well as experienced salespeople who will sell both ad space and special memberships. In addition, he?s partnering with VISIT FLORIDA, the marketing arm of the Florida Division of Tourism.

?More than 65 percent of Florida's visitors participate in either culture or nature-based activities while they?re in the Sunshine State,? says Chris Thompson, President and CEO of Visit Florida. ?This fact establishes Art & Gator as a key travel planning resource to our visitors. By raising the awareness of these vital market segments, Art & Gator and our partners will serve as a catalyst for economic growth and environmental sustainability.?

Art & Gator is offering a wonderful chance for Florida?s ecotourism and cultural tourism operators, with reduced budgets ? to get their messages out. In fact, the publication was created partially as a vehicle by which hotels, restaurants, cultural facilities, eco-attractions, ranches, farms, distinct regions and towns, tourism agencies, and tour operators could publicize themselves to an upscale audience with discretionary income.

The site will serve as an effective platform to market what they?re doing. And Art & Gator has a welcome mat out to such operators and agencies, who are encouraged to contact the magazine?s Sales Department to find out about their many options. (Regions and towns are encouraged to submit their calendar of annual events.)

See recent Jamaican cultural exchange in Miami - http://artandgator.com/art-culture/jamaican-cultural-exchange-in-miami/

Source: http://sflcn.com/story.php?id=12181

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Obama calls for balanced approach to avoid "fiscal cliff" (Reuters)

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Top Black Friday Myths Debunked | Daily Ticker - Yahoo! Finance

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Thanksgiving is right around the corner. For some people this means family, food and football. But for others it means just one thing: shopping.

Black Friday has become synonymous with fire sales and door-buster deals. Shoppers often camp out Thanksgiving night to take advantage of great deals on hot items when stores open at the crack of dawn Friday morning.

Unfortunately, a lot of savvy shoppers fall prey to common Black Friday myths, says Lindsay Sakraida, features director of dealnews.com. She stopped by The Daily Ticker to debunk some common Black Friday lore, including the following:

• Black Friday sales begin on Black Friday "Not true," says Sakraida. "I'm sure that a lot of people have heard that stores are even opening on Thanksgiving now." Each year, sales get earlier and earlier, if you wait until Black Friday to start shopping you'll miss out on some great deals. There's no longer any need to leave holiday festivities early in order to hit the mall.
• Cyber Monday sales offer better deals than Black Friday "Cyber Monday may release different deals, ones that are especially for Cyber Monday, but most of the best deals will come on Thanksgiving and Black Friday," explains Sakraida. If a shopper decides to wait until Cyber Monday, many of the deals available on Black Friday will have already sold out.
• You must camp out on Black Friday to get the best deals Stores typically have 10 or less hot ticket times, Sakraida tells The Daily Ticker. Even if you do camp out, the chances of getting one of these teaser items is slim to none. Catch up on sleep and spend time with your family instead of waiting in front of a store all night, she suggests.
• Black Friday sales are unsafe Every year there are stories of trampling and fights breaking out over sale items during the Black Friday rush. These tales are exceedingly rare and hyped up according to Sakraida.
• Everything is at its lowest price of the year on Black Friday "It's very important to do some price checking. Do a little bit of homework before you actually buy anything," says Sakraida. While stores will have huge sales, a lot of the items are "fillers" that have been on sale for less throughout the year.
• No one can match Black Friday deals Best Buy (BBY) and Target (TGT) have Black Friday price matching policies in place, if you can find a better deal they'll lower their own prices. This includes online retailers like Amazon.com (AMZN).
• You can return Black Friday purchases "You can almost consider many of these items final sale clearance products," says Sakraida. The reason these items are so cheap is that stores really want to get rid of them; they don't want to have to take back the items at a later date. Don't go overboard on shopping, as you will be permanently stuck with the bill for whatever you purchase.

Did you learn something new? Let us know in the comments below. Happy shopping!

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Source: http://finance.yahoo.com/blogs/daily-ticker/top-black-friday-myths-debunked-141559460.html

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Weathering the Storm | ShelfTalker ? The Three R's Blog

Weathering the Storm | ShelfTalker.

Not to make light of the devastating storm that has hit the East coast and beyond (?Sandy?), but the blogger at ?ShelfTalker? has a great idea for those especially who have simply lost power in the face of that storm? ? and for any winter storms this year! Be prepared to READ! To and with your children! There?s even some suggested books for you to read to your children. You may not be able to copy the cozy setting that this family in Vermont had, but you can at least make your home a haven for reading when the lights go out. After reading this, I almost felt like I wanted to be shutout from the world and shut in to my house for a week!

Follow the entire post at the ?ShelfTalker? link above; here?s a bit of it to make you wax nostalgic.

With wild weather descending on the East Coast, it might be a good time to stock up on candles and battery-powered camping lanterns, and gather some good books for reading with the family.

?And now, on to the reading! About 15 years ago, when an ice storm hit Vermont, the power in our town was out for seven days. Josie and I put on ice cleats and dragged sleds of firewood up to our nearest neighbor, who was at home with four young kids, her husband stranded out of town on business. We cooked on our outdoor grill, heated water for bathing on top of our soapstone woodstove, and read by candlelight. Although it was a major pain in the neck to lose power, Vermont is a better place for that than many areas; most people have wood-burning stoves or fireplaces for heat sources, are used to keeping extra supplies on hand, and neighbors are great about checking in on one another, especially elderly folks.

People complained most about not being able to use their computers, but the outages ?forced? an unaccustomed together time for families. Gathered together in the afternoons and evenings, they played card games, read books aloud to the whole family, sang along to guitar or piano ? old-fashioned, Waltons-y kinds of entertainment long abandoned in the computer age. And when the lights came back a week later, kids cried. We heard this from so many parents, surprised by how much their kids wanted to spend time with them, and frankly astonished at how much their children loved being unplugged. They felt the peacefulness of their homes, so quiet without the electric hum of appliances and computers in every room, and the slowed pace of the days. They loved the soft light of candles. They drank in the sense of increased community. (Small towns in Vermont are not weak on community, mind you, so this was especially remarkable.) And they loved loved loved being read to. Here was a perfect excuse for teenagers to allow themselves to settle back and listen to stories they might ordinarily dismiss, books they?d loved in younger years that make for great all-ages family reading.

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Source: http://cjts3rs.wordpress.com/2012/11/01/weathering-the-storm-shelftalker/

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