Latest news with #Albany
Otago Daily Times
2 hours ago
- Business
- Otago Daily Times
Claim councillors 'kept in dark' over cycleway
Councillors were left "completely in the dark" about a legal risk that triggered further consultation on a contentious central Dunedin cycleway, a committee member says. All three members of the Dunedin City Council's hearings committee — which heard from submitters and voted through a proposal on the Albany St Connection project — say they were not informed of the legal rationale to re-consult on the project. "I still don't know what it's about," Cr Mandy Mayhem said yesterday. "Completely in the dark about why there was anything wrong with the first time round." Deputy mayor Cherry Lucas said the hearings committee asked staff if all businesses and property owners affected by the project had been approached, and had been reassured they were. Staff had even gone door-to-door. "I'm not sure why this has taken so long." The council announced last week it had reintroduced nine carparks to the project's design and public consultation would take place until August 7 regarding suggested parking restrictions. The project aims to provide a safe walking and cycling connection between the shared Te Aka Ōtākou harbour path, Dunedin's tertiary area and the CBD. Crs Mayhem and Lucas, along with chairman Cr Jim O'Malley, were members of the hearings committee who, in late 2023, voted 2-1 to proceed with a proposal for the project which would have removed 68 carparks in the area. But a transport report, tabled ahead of an infrastructure services committee meeting in April last year, said some property owners and local businesses had raised concern about the consultation. Initial legal advice was the consultation process was "potentially open to challenge" and re-consultation would be "prudent", the report said. Cr O'Malley said he had not seen the legal opinion and did not know what it was based on, which was "exceptionally extraordinary". He did not believe the consultation process was "flawed" and said there had not been any need for re-consultation. "I believe that everybody was informed. "It was publicly notified, we had hearings, there was a huge amount of support for what was there. "What was not supported was the businesses that wanted those parks back. "Lo and behold — now the parks are back." Council transport group manager Jeanine Benson said the legal advice was given verbally to staff, who were advised the initial consultation process could expose the council to "a risk of judicial review in the High Court". "This followed concerns raised by an Albany St property owner that they had not been properly consulted during initial consultation and that they were considering legal proceedings as a result. "An assessment was made that re-consultation would be a better use of ratepayer funds than potentially significant litigation costs." Offering a version of events that differed from the one provided by Cr O'Malley, Ms Benson said Dunedin Mayor Jules Radich and Cr O'Malley were both briefed on the legal advice by council chief executive Sandy Graham in the week before last April's committee meeting. The procurement process was still on track to start this month and construction to begin in November, she said.
Yahoo
2 days ago
- Business
- Yahoo
3 Industrials Stocks with Open Questions
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But they are at the whim of volatile macroeconomic factors that sway capital spending, like interest rates. Wariness surrounding these influences has caused the industry to underperform the market as it was flat over the past six months while the S&P 500 climbed by 4.1%. Some companies can grow regardless of the economic backdrop, but the odds aren't great for the ones we're analyzing today. On that note, here are three industrials stocks best left ignored. Albany (AIN) Market Cap: $2.11 billion Founded in 1895, Albany (NYSE:AIN) is a global textiles and materials processing company, specializing in machine clothing for paper mills and engineered composite structures for aerospace and other industries. Why Should You Sell AIN? 3% annual revenue growth over the last five years was slower than its industrials peers Day-to-day expenses have swelled relative to revenue over the last five years as its operating margin fell by 9 percentage points Performance over the past five years shows its incremental sales were much less profitable, as its earnings per share fell by 6.3% annually Albany's stock price of $70.29 implies a valuation ratio of 11.2x forward EV-to-EBITDA. Check out our free in-depth research report to learn more about why AIN doesn't pass our bar. Great Lakes Dredge & Dock (GLDD) Market Cap: $758.1 million Founded as Lydon & Drews dredging company, Great Lakes Dredge & Dock (NASDAQ:GLDD) provides dredging services, land reclamation, and coastal protection projects in the United States and internationally. Why Does GLDD Give Us Pause? Annual revenue growth of 1.8% over the last five years was below our standards for the industrials sector Cash burn makes us question whether it can achieve sustainable long-term growth Waning returns on capital from an already weak starting point displays the inefficacy of management's past and current investment decisions Great Lakes Dredge & Dock is trading at $11.65 per share, or 16x forward P/E. If you're considering GLDD for your portfolio, see our FREE research report to learn more. Whirlpool (WHR) Market Cap: $5.18 billion Credited with introducing the first automatic washing machine, Whirlpool (NYSE:WHR) is a manufacturer of a variety of home appliances. Why Do We Pass on WHR? Disappointing unit sales over the past two years indicate demand is soft and that the company may need to revise its strategy Diminishing returns on capital from an already low starting point show that neither management's prior nor current bets are going as planned 9× net-debt-to-EBITDA ratio makes lenders less willing to extend additional capital, potentially necessitating dilutive equity offerings At $93.47 per share, Whirlpool trades at 10x forward P/E. Dive into our free research report to see why there are better opportunities than WHR. Stocks We Like More Donald Trump's April 2024 "Liberation Day" tariffs sent markets into a tailspin, but stocks have since rebounded strongly, proving that knee-jerk reactions often create the best buying opportunities. The smart money is already positioning for the next leg up. Don't miss out on the recovery - check out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
4 days ago
- Yahoo
Surprising item balancing on Aussie driver's roof baffles police: 'Unbelievable'
A police officer was forced to do a double take while on patrol in a coastal city last month after he spotted a baffling item precariously balanced on the roof of a driver's car. Bodycam footage of the stop shows the puzzled officer greet the motorist one afternoon in Albany, Western Australia, before pointing out the glaring red flag sitting just centimetres above his head. Video of the random breath test has gone viral after it was released by the WA Police Force on Friday, and while authorities have made their feelings about the incident clear, thousands of viewers couldn't resist cracking a joke. 'Some people leave their phone on the roof. This guy? His beer bottle,' the force captioned the clip. 'Nothing says 'pull me over' quite like mobile happy hour. '42,599.73 hours spent patrolling the roads. 707 traffic charges. One beer bottle found on roof,' officers added. 'Let's keep the drinks in the fridge, not on the freeway.' 🚘 L-plater's surprise response after copping $1,689 fine and losing licence 📸 Driver's photo sparks $400 warning over little-known road rule 🛞 Aussie drivers stunned after car feature goes viral: 'Hilarious' Aussie driver blows more than seven times the legal BAC Police spotted the vehicle with the beer bottle on the roof at around 5pm on June 9, a spokesperson for WA Police told Yahoo News. In the footage, the officer asks the driver if he had consumed any alcohol that day. 'Not this morning, no,' the man responds, prompting the cop to point out the glass hitchhiker. 'Oh,' the driver says before blowing 0.367 — more than seven times the legal blood alcohol content (BAC) limit. The motorist, who said the bottle had been on his car roof since the prior night, was arrested and charged with driving a motor vehicle under the influence of alcohol, the police spokesperson told Yahoo. He appeared before the Perth Magistrates Court on July 6, where he was issued a $4,000 fine and had his licence disqualified for three years. Many Aussies have praised the police officer online for doing a 'good job', while others wondered how the beer bottle had stayed upright. 'This is the new 'waiting for a mate',' one woman commented. 'How is he still upright?' someone else said. 'Unbelievable,' a third person wrote. Do you have a story tip? Email: newsroomau@ You can also follow us on Facebook, Instagram, TikTok, Twitter and YouTube.
News.com.au
4 days ago
- News.com.au
‘Off the chart': RBT discovery stuns police in Western Australia
Police have been left baffled by the 'unbelievable' feat of one man, who was caught driving over seven times the legal blood alcohol limit in Western Australia. The force shared bodycam footage of the interaction to their TikTok account, captured while performing random breath testing, much to the humour of their social media followers. 'Some people leave their phone on the roof. This guy? His beer bottle,' the caption on the video, which can be seen below, read. 'Nothing says 'pull me over' quite like mobile happy hour.' It continued: '42,599.73 hours spent patrolling on the roads. 707 traffic charges. 1 beer bottle found on roof. Let's keep the drinks in the fridge, not on the freeway.' In the video, the officer approaches the driver's-side window of the car, and asks: 'Just a breath test – have you consumed any alcohol today?' 'Not this morning. No,' the man responds. 'You haven't consumed any alcohol?' the cop asks again, to which the man repeated that he hadn't had anything to drink that day. 'Ok. You've left your beer on the roof of your car,' the officer tells him. To which the driver, who was from Albany in WA's south, replies: 'Oh.' He then proceeded to blow 0.367 – more than seven times the legal blood alcohol content (BAC) limit of 0.05. 'I just woke up,' the man tells police, as he's asked to step out of the vehicle. 'You're off the chart,' the officer responds, before gesturing at the beer bottle – still balanced perfectly on the vehicle's roof. 'Look.' The man then claimed the bottle 'was there last night' – before being put in the back of the paddy wagon. TikTok users took to the video's comments to remark on the 'unbelievable' fact that the beer bottle hadn't fallen off the roof while the man was driving. 'Props to the smooth driving,' one person wrote. 'There's laws against open alcohol IN the car, not ON the car,' another joked. 'At least he didn't spill his beer,' a third said. While someone else commented: 'If he can drive without knocking his beer off the roof he's good to drive.'
USA Today
4 days ago
- Sport
- USA Today
2025 Iowa football tickets, game schedule, viewing options
On Aug. 30, the Iowa Hawkeyes will open their 2025 college football schedule versus Albany, an FCS opponent. Keep scrolling for more information. Are you looking to go to a game this season? Keep scrolling for ticketing info for every Iowa matchup. Check out: US LBM Coaches Poll powered by USA Today sports Buy Iowa tickets on StubHub How to buy tickets for Iowa's next game Iowa tickets & 2025 schedule Buy Iowa vs. Albany tickets on StubHub Buy Iowa vs. Iowa State tickets on StubHub Buy Iowa vs. UMass tickets on StubHub Buy Iowa vs. Rutgers tickets on StubHub Buy Iowa vs. Indiana tickets on StubHub Buy Iowa vs. Wisconsin tickets on StubHub Buy Iowa vs. Penn State tickets on StubHub Buy Iowa vs. Minnesota tickets on StubHub Buy Iowa vs. Oregon tickets on StubHub Buy Iowa vs. USC tickets on StubHub Buy Iowa vs. Michigan State tickets on StubHub Buy Iowa vs. Nebraska tickets on StubHub
