| LandAmerica Names John P. Barnes Group Vice President - Residential ...
RICHMOND, Va., Nov. 26 /PRNewswire-FirstCall/ -- LandAmerica Financial Group, Inc. (NYSE: LFG) , Fortune magazine's number one Most Admired Company in the mortgage services industry, has named John P. Barnes Group Vice President - Residential Services, where he oversees business development. He is based in Richmond, Virginia. Barnes is an 18-year veteran of the mortgage industry. He comes to LandAmerica from Dexma, Inc., where he most recently served as Executive Vice President - Sales for the provider of mortgage software and associated settlement services for lenders. Barnes previously managed the company's web- based mortgage origination technology and fulfillment services subsidiary and, before that, served as Vice President of Product Management. Barnes' career has also included serving as Vice President of Sales and Business Development at iLumin Software Services; Vice President of Product Management at BCE Emergis Systems; Director of Mortgage Technology Services at Freddie Mac; Senior Vice President of Operations at Lenders Service, Inc.; and serving in consumer and commercial lending positions for Mellon Bank, NA.
Auto Cellulosic Ethanol Promises $1 per Gallon Fuel From Waste
The remaining powder is then exposed to plasma, which causes the organic powder to ferment, releasing carbon-chain gas. It rises into the air where natural anaerobic bacteria eats the gas molecules and excretes ethanol and water vapor. This mixture then rises, and travels through a series of tubes with a separating membrane. The yield is pure water and pure ethanol. "The bacteria are from nature so no patent was needed. And they reproduce on their own," Lutz explained, excitedly. The process, Lutz elaborated, is a down-to earth approach that does not use designer organisms or chemicals. Further it eliminates many steps in traditional or enzymatic processing, including the need for a centrifuge or still. The process trumps traditional production in efficiency. Less than a third as much water is needed to produce a gallon of ethanol, which makes the process more affordable and easier to implement. Further an analysis of the process conducted at Argone National Laboratory reveals that for every unit of energy Coskata uses, it creates approximately 7.7 times as much energy, a ratio well above current tradition ethanol production.
No need for this doom and gloom over housing market, says HBOS chief
Fears for the future of the housing market have been overplayed, Andy Hornby, the chief executive of HBOS, insisted yesterday, saying that there was no reason for "doom and gloom" over house prices.
The boss of Britain’s biggest mortgage lender said that fears of a recession will galvanise Britons into putting £80 billion into deposit accounts next year, sending the total amount held in savings to £1,100 billion.
Mr Hornby said: "We believe that in tougher economic conditions consumers save more." He said that 2008 would see the single biggest influx of cash into savings accounts ever recorded. Announcing its preclose trading statement ahead of its full-year results, HBOS appeared to have already benefited from Northern Rock’s troubles.
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