KCTCS leader won?t take raise, bonus in 2009Kentucky Community and Technical College System President Michael B. McCall will forego a 2009 salary increase and bonus in light of state budget cuts expected to impact the college system, he announced late Monday.
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</div>Dow plunges 680 points on MondayThe stock markets plummeted Monday on a slew of bad economic news, not the least of which was the official word that the U.S. has been in a recession since December 2007.
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</div>Trager named to airport boardSteve Trager, president and CEO of Republic Bancorp has been named to the Louisville Regional Airport Authority board of directors by Louisville Metro Mayor Jerry Abramson.
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</div>Brown-Forman selling Italian wine brandsBrown-Forman Corp. will sell its Italian wine brands, Bolla and Fontana Candida to business partner Gruppo Italiano Vini. (BFB)
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</div>U of L researchers use magnets in autism researchResearchers at the University of Louisville say they have found a way to use a low frequency magnetic field around the brain to help alleviate symptoms associated with autism.
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</div>Restaurants to participate in HIV/AIDS benefitMore than 50 locally owned restaurants in Louisville and Southern Indiana will participate in this year’s Dining Out for Life, an annual event to raise money for HIV/AIDS services.
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</div>EKU to explore making fuel from celluloseResearchers at Eastern Kentucky University and San Diego, Calif.-based General Atomics Corp. announced Monday that they plan to look into making fuel from cellulose-based materials such as corn stover, forestry waste, switchgrass and sorghum at the new Eastern Kentucky University Center for Renewable and Alternative Fuel Technologies.
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</div>MSD outlines budget cutsMetropolitan Sewer District executive/operations director Bud Schardein Jr. today in an e-mail outlined for employees various measures the department will take in an attempt to help Louisville Metro overcome an estimated $20 million budget deficit.
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</div>General Growth gets loan extensionGeneral Growth Properties Inc., the financially struggling operator of Oxmoor Center, Mall St. Matthews and River Falls, has received a two-week extension on $900 million in mortgage loans that came due Nov. 28. (GGP)
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</div>Manufacturing activity hits 26-year lowNew research shows the nation’s manufacturing activity fell in November to a 26-year low.
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</div>
appearance in the late seventies, and even some of the most technologically astute among us, failed to grasp the full implications of its arrival, until there was a machine popping up on every second desktop.
Recently, rumblings of an astonishing breakthrough in “electrical energy storage technology” from a practically unheard of company called EEStor, out of Cedar Park, Texas, have some claiming that we are on the verge of a complete revolution in electric powered vehicles.
With EEStor, you can forget about Hybrids, ethanol or hydrogen powered vehicles and even fuel cell technology.
If the rumors are true then EEStor have developed the next “really big thing”.
Imagine an “electrical energy storage device” that can charge up in minutes, power a vehicle for hundreds and hundreds of miles on less than ten dollars worth of electricity (at today’s prices) and allow for performance characteristics that rival those of today’s super cars. Not only that, but the device is claimed to weigh one-tenth the weight of conventional lead-acid batteries, with practically unlimited re-charging cycles and be only slightly more expensive than today’s mid range conventional gasoline power sources. Sounds too good to be true – right?
Unfortunately, EEStor is being pretty secretive about the whole thing, and who can blame them. If the rumors are true, EEStor could be in possession of technology that will literally change our world, and they will no doubt be a household name in fairly short order.
As we said earlier, at kanetix, our interest is in insurance, and we wondered how such a revolution in automotive technology (if true) might affect the auto rates of those who drive such a vehicle. Well, EEStor is unlikely to be thinking about such things, but we sure are.
Now, it wouldn’t be the first time that so called “revolutionary technology” failed to materialize as envisioned, but it does seem that we’re overdue for some kind of technological breakthrough in battery or “electric energy storage” technology, with not a huge amount of progress over the last hundred years or so. So, out of interest, kanetix took a look at some data that we were able to gather through our sister site:
http://www.kanetix.ca, regarding the rates in Canada for some of today’s advanced hybrid vehicles. We wanted to see if we could discern a trend in auto rates for cars of this nature.
While hybrid vehicles have only been around since around 2000, we were able to compare quotes for the Toyota Prius Hybrid, Ford Escape Hybrid, Toyota Highlander Hybrid and Honda Civic Hybrid. What we found was not especially encouraging, nor especially discouraging, with a bright spot along the way.
If you remove a driver’s “personal and driving experience,” there was basically no real difference in premiums quoted. But, it does seem that some auto providers are trying to encourage the trend to “greener” auto technology, with small discounts of around 10% for such cleaner fuel vehicles.
What our survey basically tells us is that regardless of technology, car will always be based on the same basic things, namely, how often they are stolen, how much they cost to repair after an accident, their propensity to be in an accident and the frequency and severity of injuries if in an accident. And, of course, an individual driver’s "personal and driving experience."
EEStor may indeed have found the holy grail of “electrical energy storage technology”, but unless auto makers are able to incorporate this new power source into safer, more crash resistant and cheaper-to-repair vehicles, we are unlikely to see rates for electrically powered vehicles decline significantly over regular gasoline powered cars.
Disclaimer - The above description/explanation is intended as a guideline only, and is not to be interpreted as a recommendation to buy or sell any products, or to provide legal or financial advice of any kind. Also, Kanetix Ltd. does not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed.
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Kade Phillips is a contributing writer at kanetix.com,Serving free car quotes / free auto quotes.For Car Insurance, visit kanetix for Free Quotes
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