Yes, you read that headline correctly: Elon Musk is essentially calling himself a Freedom Rider, comparing Tesla’s push to sell all-electric vehicles to America’s Civil Rights Movement. CEOs say the darndest things. TESLA, TEXAS, AND TESTIMONY As we reported on Monday, Musk has spent the past week in the Lone Star state, lobbying legislators to…
Tag Archives: Lone Star
Student charged after 14 wounded in mass stabbing at Texas college
A 20-year-old student went on a building-to-building stabbing attack at a Texas community college Tuesday, wounding at least 14 people — many in the face and neck — before being subdued and arrested, authorities said Tuesday.
The Harris County Sheriff’s Office said in a statement that Dylan Quick had been planning the attack at the Lone Star College System’s campus in Cypress for some time and had fantasies of stabbing people to death since he was in elementary school.
Quick, who was charged with three counts of aggravated assault, used a razor-type knife, and piece of the blade was found in at least one victim, the sheriff’s office said. Broken blade pieces also were found in the area where the stabbing occurred, and the handle was discovered in a backpack that Quick was carrying when he was arrested.
Authorities were seen entering Quick’s parents’ home in a middle-class neighborhood of Houston on Tuesday night. No one answered the door or the phone at the red brick home, where two vehicles were parked in the driveway, including a Honda Accord with a license plate that said “DYLAN.” It was not immediately known if Quick had an attorney.
The attack happened at 11:20 a.m. and sent at least 12 people to hospitals, while several others refused treatment at the scene, according to Cy-Fair Volunteer Fire Department spokesman Robert Rasa. Two people remained in critical condition Tuesday evening at Memorial Hermann Texas Trauma Institute, spokeswoman Alex Rodriguez said.
Diante Cotton, 20, said he was sitting in a cafeteria with some friends when a girl clutching her neck walked in, yelling: “He’s stabbing people! He’s stabbing people!”
Cotton said he could not see the girl’s injuries, but when he and his friends went outside, they saw a half-dozen people with injuries to their faces and necks being loaded into ambulances and medical helicopters.
Harris County Sherriff Adrian Garcia said that when emergency calls came into the department, there were indications that “students or faculty were actively responding to work to subdue this individual.”
“So we’re proud of those folks, but we’re glad no one else is injured any more severely than they are,” Garcia said.
Michelle Alvarez told the Houston Chronicle she saw the attacker running toward other students and tried to back away. She said she didn’t even feel it as he swiped at her.
“He came running and swinging at my neck, as I tried to get out of the way,” she said.
The attack came three months after a different Lone Star campus was the site of a shooting in which two people were hurt. The suspected gunman in that incident is charged with aggravated assault.
Click for more from MyFoxHouston.com.
Source: FULL ARTICLE at Fox US News
Official: 1 arrested in Texas college stabbing
A sheriff’s official says one person has been arrested in a suspected stabbing attack at a Houston-area community college campus.
Alan Bernstein of the Harris County Sheriff’s Office doesn’t know how many people were hurt in the Tuesday attack on the Lone Star community college system’s campus in Cypress, but multiple people could be seen being loaded into medical helicopters.
Bernstein says authorities have one suspect in custody.
Lone Star posted an alert on its website just before 12 p.m. warning students of two armed suspects and saying one person remains at large. The alert warned people to seek shelter in a secure location.
A different Lone Star system campus was the site of a January shooting. Two people were wounded, and a 22-year-old man was charged with aggravated assault.
Source: FULL ARTICLE at Fox US News
James Wolk On ‘Mad Men’: ‘Lone Star’ Actor Joins AMC Drama For Season 6
By The Huffington Post News Editors
Note: Do not read on if you have not yet seen Season 6, Episode 1 of AMC’s “Mad Men,” titled “The Doorway.”
James Wolk is bringing another handsome face to the world of “Mad Men.” The star of the short-lived, yet critically-acclaimed, TV show “Lone Star” appeared in the “Mad Men” Season 6 premiere as Bob Benson, the new, overzealous accounts guy “in the outfield” at Sterling Draper Cooper Pryce, who got Don coffee and then got his behind handed to him, courtesy of Ken Cosgrove (Aaron Staton).
Since Wolk’s “Lone Star” was canceled, the actor has gone on to appear in many popular TV shows. On “Happy Endings,” he played Grant, a love interest for Adam Pally‘s character Max. Wolk also appeared in multiple episodes of “Shameless” and co-starred opposite Sigourney Weaver in USA‘s miniseries “Political Animals” as Douglas Hammond, the son of Weaver’s character, Elaine Barrish.
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Source: FULL ARTICLE at Huffington Post
J.C. Penney: It's Apparently More Than CEO Johnson Who Live Far From Headquarters
J.C. Penney’s new CEO Ron Johnson reportedly often spends life far from the company’s Plano, Texas, headquarters. It’s not just him. Many of the retailer’s executives have cross-country commutes, and aren’t centrally located in the Lone Star. …read more
Source: FULL ARTICLE at Forbes Latest
Sunoco Logistics Announces Binding Open Season for Mariner South Pipeline
By Business Wirevia The Motley Fool
Filed under: Investing
Sunoco Logistics Announces Binding Open Season for Mariner South Pipeline
PHILADELPHIA–(BUSINESS WIRE)– Sunoco Logistics Partners L.P. (NYS: SXL) today announced that it will commence a binding Open Season for its Mariner South Pipeline, a pipeline that will transport export grade propane and butane, from Lone Star NGL LLC’s storage and fractionation complex in Mont Belvieu, Texas to Sunoco Logistics‘ terminal in Nederland, Texas. In addition to export grade propane and butane, the pipeline will be available for other natural gas liquids and petroleum products depending on shipper interest. The pipeline is anticipated to have an initial capacity to transport approximately 200,000 barrels per day and can be scaled to support higher volumes as needed. The pipeline is expected to be operational by the first quarter of 2015.
The Open Season will commence on March 21, 2013. Subject to the terms of the Open Season, priority service will be available to shippers making long-term volume commitments during the Open Season. The Notice of Open Season will be available on the Sunoco Logistics website at www.sunocologistics.com/marinersouth.
More information about this Open Season is available by contacting:
Hank Alexander
Vice President, Business Development
Sunoco Logistics Partners, L.P.
1818 Market Street, Suite 1500
Philadelphia, PA 19103
215-246-8568
marinersouth@sunocologistics.com
Sunoco Logistics Partners L.P. (NYS: SXL) , headquartered in Philadelphia, is a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of complementary crude oil & refined product pipeline, terminalling, and acquisition & marketing assets. SXL‘s general partner is owned by Energy Transfer Partners, L.P. (NYS: ETP) .
Lone Star NGL LLC (Lone Star), a joint venture between Energy Transfer Partners, L.P. (NYSE:ETP) and Regency Energy Partners LP (NYS: RGP) , owns and operates natural gas liquids storage, fractionation, and transportation assets in Texas, Louisiana, and Mississippi. Lone Star‘s assets include approximately 2,000 miles of natural gas liquids pipelines and 47 million barrels of storage capacity at Mont Belvieu, Texas. Energy Transfer Equity, L.P. (NYSE:ETE) owns the general partner of both ETP and RGP.
Sunoco Logistics Partners L.P.
Pete Gvazdauskas (investors) 215-977-6322
or
Joseph McGinn (media) 215-977-3237
KEYWORDS: United States North America Pennsylvania Texas
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German central bank recovers most Lehman losses
Germany‘s central bank has finally recovered most of the billions in loans that a local subsidiary of Lehman Brothers defaulted on when the U.S. investment bank went bust in 2008.
Lehman’s German subsidiary, Lehman Brothers Bankhaus, owed the Bundesbank €8.5 billion ($11.36 billion) when it and its U.S. parent filed for bankruptcy. The subsidiary had been eligible to borrow from the central bank just like other banks by offering collateral, in this case 33 separate securities.
The Bundesbank said Wednesday it has now restructured and sold off the collateral. The proceeds of the sales, along with redemption payments and interest coming in on the securities, have led to a recovery of €7.4 billion. And it expects to regain at least part of the rest, plus interest, from bankruptcy proceedings.
The recovery helped shrink the total amount in default to the Eurosystem — Europe‘s central bank network under the aegis of the European Central Bank — from €5.6 billion at the end of 2008 to €300 million at the end of last year.
The European Central Bank in Frankfurt, Germany sets monetary policy including interest rates for the 17 countries that belong to the euro — including Germany. However its credit operations, such as the loans to Lehman, are conducted through member countries’ national central banks, such as the Bundesbank.
Earlier this year, the Bundesbank said it sold the largest item in Lehman’s collateral portfolio — real estate loans bundled together as securities and dubbed Excalibur — to private equity firm Lone Star for €1.4 billion. Excalibur had a face value of €2.16 billion.
Lehman Brothers Bankhaus was the chief way in which the Lehman group tapped central bank funding in Europe. Its U.S. parent, Lehman Brothers Holding Inc. filed for bankruptcy on Sept. 15, 2008. The failure worsened the global financial turmoil at the time and helped cause a global recession. The Bundesbank says it is still owed €3.5 billion by Lehman Brothers Holdings Inc. but expects further payments from bankruptcy proceedings.
The Bundesbank pointed out that it did not purchase the securities through its own investment decision but accepted them under the collateral rules in effect at the time.
Many complex investments backed by real estate loans became illiquid in the panicky days after the Lehman failure, meaning they lacked buyers and it was hard to …read more
Source: FULL ARTICLE at Fox World News
Stop school shootings by letting teachers fire back, say Texas officials
Lawmakers and educators in Texas say the way to guard against school shootings like last Friday’s at a Connecticut elementary school is to make sure teachers can shoot back.
While the rampage that left 20 young children and six adults dead in a small Northeastern community has sparked a national debate on gun control, assault weapons and a culture of violence, David Thweatt, superintendent of the 103-student Harrold Independent School District in Wilbarger County, said his teachers are armed and ready to protect their young charges.
“We give our ‘Guardians’ training in addition to the regular Texas conceal-and-carry training,” Thweatt, whose school is about three hours northwest of Dallas, told FoxNews.com. “It mainly entails improving accuracy…You know, as educators, we don’t have to be police officers and learn about Miranda Rights and related procedures. We just have to be accurate.”
Thweatt is the architect of “The Guardian Plan,” a blueprint for arming school staff, including teachers, that may be catching on, at least in the Lone Star state. Teachers there are allowed to have weapons in the classroom, as Thweatt’s faculty members do, but State Attorney General Greg Abbott suggested Monday that lawmakers may consider ways to encourage the practice statewide.
“Bearing arms whether by teachers and guards and things like that will be all a part of more comprehensive policy issues for the legislature to take up in the coming weeks,” Abbott said. “And you can be assured in the aftermath of what happened in Connecticut that these legislators care dearly about the lives of students at their schools and they will evaluate all possible measures that are necessary to protect those lives,” he said.
More momentum for the idea is evidenced by Austin gun shop dealer Crocket Keller, who announced his store will now extend the same discount on firearm purchases to teachers as it does to veterans.
Thweatt said there have been no incidents since October 2007, when his district adopted the plan giving an unspecified number of teachers and school staff — dubbed “Guardians” — authority to carry concealed weapons on school premises. Participating staff are anonymous and known only to Thweatt and the school board, which must approve each application for an employee to become a Guardian. They receive a small stipend annually.
“We’re 18 miles and 30 minutes from the nearest police station,” Thweatt said. “So we are our first responders. If something happened here, we would have to protect our children. You know, police officers are true, everyday heroes in my book, but one of them once told me something very revealing. He said, ‘Ninety-five percent of the time, we get to the scene late.’ I can’t afford to let that happen.”
Each Guardian must obtain a Texas conceal-and-carry permit, and must lock-and-load their weapons with “frangible” bullets that break apart when colliding with a target. “They go through people,” assured Thweatt.
“They’re very similar to what the air marshals use. The bullets are glued together with polymers, and we insist upon them because we don’t want the bullet to ricochet off a wall after it’s fired and hit a child.”
Thweatt says parents have embraced The Guardian Plan, a fact evidenced by the transfer rate into his school district. “We’re a high-transfer district,” he told FoxNews.com, “which means only 18 percent of students come to the school because they live in the district. The rest transfer in or choose to come here from other districts.”
There’s a simple thread, Thweatt says, that binds together many of the mass shootings that have recently rocked the U.S.: They happened in places where the shooter knew there was going to be little resistance.
“These shooters, even though they are evil and have mental problems, they inevitably know where they are going,” explained Thweatt. “They are going where they won’t get any resistance. Let’s put it this way, would you put a sign in front of your house that says, ‘I am against guns. You will find no resistance here?’ That would be a stupid thing to do. You’re going to invite people who like to take advantage of helpless individuals.
“Would my policy have stopped this?” Thweatt asked. “Nobody knows for sure or for 100 percent, but what we do know is that active shooters go where there is no one there to resist. The Guardian Plan addresses that fact.”
Source: Fox US News