Financial
Vegas developer selling $7.85M mansion for bitcoin PDF  | Print |  E-mail
Written by Associated Press   
Sunday, 15 December 2013 08:01

LAS VEGAS (AP) — A casino owner-turned-commercial developer is asking $7.85 million to sell a Las Vegas home, and he's willing to accept the online currency bitcoin for the deal.

Jack Sommer said he got the idea to seek bitcoin for his 25,000-square-foot mansion from two of his sons, who've been involved in making and trading the currency.

"The advantage is that we're expanding our market and adding some notoriety," Sommer said.

Bitcoin peer-to-peer trading began in 2009. Value is purchased through an exchange website with a mainstream paper currency, such as dollars or euros, though trading isn't government-regulated.

Using the currency can streamline international business deals, said Julian Tosh, a consultant and owner of the marketplace website bitcoinsinvegas.com.

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UN study: Electrical waste up by third by 2017 PDF  | Print |  E-mail
Written by Associated Press   
Sunday, 15 December 2013 07:59

BERLIN (AP) — The mountain of refrigerators, cellphones, TV sets and other electrical waste disposed of annually worldwide is forecast to grow by a third by 2017, according to a U.N. study released Sunday.

E-waste — defined as anything with a battery or a cord — can pose a big problem because it often contains substances that are harmful to humans and the environment if not properly treated. On the other hand, some of it can be profitably recycled.

A U.N. think tank dedicated to the issue estimates that the amount of e-waste will rise from almost 48.9 million metric tons (53.9 million tons) in 2012 to 65.4 million metric tons (72.09 million tons) in 2017. That's nearly 200 times the weight of the Empire State Building.

The U.S. dumped the most last year, generating 9.4 million metric tons of e-waste, followed by China with 7.3 million metric tons.

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Michelin recalls 1.2 million tires in U.S. PDF  | Print |  E-mail
Written by Associated Press   
Sunday, 15 December 2013 08:00

WASHINGTON (AP) — Tire-maker Michelin says it is recalling about 1.2 million tires sold in the U.S. because an increasing number are experiencing tread loss or rapid air loss.

The tires are commonly used for pickup trucks, heavy-duty vans, small RVs and commercial light trucks. The Greenville, S.C-based company says no deaths or injuries have been reported because of the tires.

The tires, known as Michelin LTX M/S tires, were manufactured between January 2010 and June 2012. They were sold as original equipment on some vehicles and as new replacement tires.

The company says that fewer than 200 of the tires have been returned by customers. Owners can have them replaced at Michelin stores for no charge.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Fowlerville hardware store closes after 122 years PDF  | Print |  E-mail
Written by Associated Press   
Sunday, 15 December 2013 07:57

FOWLERVILLE, Mich. (AP) — A hardware store in Fowlerville is closing after 122 years in business.

The economy and competition with big-box stores were too much for Fowlerville True Value Hardware to overcome, the owners told the Livingston County Daily Press & Argus of Howell ( http://bit.ly/190cHmq ).

The business owned by the Burnie family for the past 69 years closed Dec. 7 to prepare for liquidation sales starting Monday, said Doug Burnie, who owned the store from 1974 to 2008.

Current owner Jim Burnie signed a purchase agreement with the Fowlerville Downtown Development Authority in 2007 to expand the store, but he withdrew it the next year when Wal-Mart opened a 184,000-square-foot store in the village.

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