Oregon explores mileage tax with GPS pilot in Oregon
Oregon researchers test a mileage based tax using GPS devices in 300 vehicles to replace fuel tax funds for road upkeep. Officials say the plan addresses dwindling gas tax revenue as efficient and electric cars rise, though privacy concerns and political hurdles remain.
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GMAC ends exclusive auto financing rights in bailout deal
GMAC LLC will surrender exclusive rights to provide no or low interest loans tied to GM incentives as part of a federal aid package. GM plans to offer financing through other lenders, potentially boosting GM sales by increasing loan options for buyers.
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Detroit
Gmac LLC
General Motors
GMAC
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Jesse Toprak
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Investors buy IndyMac for 13.9 billion in FDIC deal
A seven member investor group led by Steven Mnuchin agrees to acquire IndyMac Bank for 13.9 billion dollars. The plan includes 1.3 billion dollars in new capital, continuation of operations in Pasadena California, and a shared loss arrangement with the FDIC. The group includes Dell Capital MSD, J C Flowers Stone Point Paulson Soros Silar Advisors. The deal preserves a loan servicing and reverse mortgage business, with 383 branches and 6.5 billion in deposits. A loan modification program initiated by FDIC chair Sheila Bair will continue.
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Washington
IndyMac Bank
IndyMac
U.S
Federal Deposit Insurance Corp
Steven Mnuchin
Dune Capital Management
IMB Management Holdings LP
Dell Inc
Michael Dell
MSD Capital
Pasadena
Calif
J.C. Flowers & Co
Stone Point Capital
Paulson & Co
George Soros’ Fund Management
Silar Advisors LP
California
Financial Freedom
FDIC
Downey Savings and Loan Association
Sheila Bair
Federal Office of Thrift Supervision
Federal Savings Association
Stone City Pub Adds Family Friendly Menu and Open-Mic Nights
Stone City embraces a family oriented plan with a new menu featuring The Dump Truck roast pork sandwich and The Two-Minute Man chicken sandwich. The pub hosts open mic nights Sundays 4 to 8 PM in the upstairs room. Langdon aims to create a broader visitor attraction with river feeding activities and potential self guided tours.
MENTIONED IN THIS ARTICLE
Langdon
Stone City General Store
Stone City
Grant Wood
Weber Stone Co
David.dewitte
Gazcomm
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