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Home > Blogs > Hamilton News and Issues > Archives > 2008 > July > 24
Thursday, July 24, 2008
Towed away
The city opted to own its own impound lot Wednesday. Though, it will only receive cars from police tows. The story has not made it online yet, but essentially any vehicle that is involved in a crime will go to the city impound lot. Vehicles involved in accidents and other “owners-request tows” still go to private impound lots.
Police Chief Neil Ferdelman said the impasse in concession negotiations led to the decision. You can read his remarks here: Ferdelman comments.pdf
Other documents Ferdelman used for support: Here’s a comparison of other towing rates: comparative rates.pdf
Also, here’s the business pro forma that describes how much money the city thinks it can make: proposal.pdf
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Oil and water
Hamilton’s Manager of Utility Services Doug Childs recently emailed me an article about how water could quickly become more scarce than oil.
His email said “It predicts that water will replace oil as the most scarce and sought after commodity in the world. Hamilton’s water production and distribution systems are clearly even more critical to the long-term economic well being of the City.”
Is Water the Oil of the 21st Century?
CNBC.com
By Andrew Cleary, Special to CNBC.com
| 24 Jul 2008 | 07:14 AM ET
Water is set to replace oil as the commodity to watch, as soaring global demand and scarce supplies bring home the value of this most basic resource to investors, a director at an asset manager told CNBC Thursday.
“You’re going to see with the growing population, the greater need for water; it’s the one thing we can’t do without,” Ian Morley, Director at DDQ, said.
The momentum in buying commodities and selling financial stocks has made many funds a lot of money this year, but most investors have missed the investment opportunity in water altogether, according to Morley.
“This is the type of commodity that is going to be particularly strategic going forward … from an investor’s point of view this has got to be a long term and a very balanced play in the markets,” he said.
Morley said investors looking to profit from water should look take a holistic view, investing directly in water companies implementing technologies such as desalination as well as the infrastructure that supports them.
© 2008 CNBC.com
