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Category Archives: Liberty
Liberty Academy faces financial troubles
Posted: March 9, 2012 at 8:48 pm
Tuition is likely to increase for students at Liberty Baptist Academy, but the school does not plan to close down, according to school officials.
Scott Hendry, the financial agent for Liberty, hosted a meeting Tuesday at the Liberty Baptist church to inform parents of students that the school has financial issues and that there is an investigation into the matter. George Wright, an attorney for Stuart, Clover, Duran, Thomas & Vorndran LLP, who represents Liberty Church, and also the academy, also attended the meeting.
Neither Hendry nor Wright provided specific information to the approximately 300 attendees at the meeting regarding the investigation, but admitted there is one.
Im aware that there seems to be an ongoing investigation by the district attorneys office, but I dont know any more details than that, Wright told the News-Star on Wednesday.
The school has never been a financially self-sustained institution, and the tuition and fees do not cover the costs of operations for the school, Hendry said. Liberty has always depended on the church for financial backing and has had a myriad of financial troubles for several years, Hendry said.
There are many reasons for the financial trouble. Donations to the church have decreased recently in the last two years and major supporters have recently died. The school has also had to take out two different loans in the past 18 months, Hendry said. He has worked extensively to try to establish standard financial practices within the school and church since officially taking his position in 2010.
We have been, as a church, in a difficult financial position, Hendry said. Thats why a lot of these things are coming to a head. The schools financial concerns were brought to the attention of Hendry by Gary Kasterke, a deacon and trustee at Liberty, after he wrote a letter of allegations to Hendry last summer.
The letter highlighted specific financial transactions that Kasterke was concerned about and wanted Hendry to look into, Kasterke said.
One thing led to another. There was a strong allegation letter of wrong-doing that was given to me last summer that necessitated quite an investigation and that is still ongoing, Hendry said. There are also a number of things that came up in the day-to-day business of making sure our finances are in order and accounted for that were questionable and of grave concern to me and to the people that were involved.
Wright told attendees at the meeting that the investigation into the Academy has sped up in the past couple of days and that Hendry was telling the crowd as much as he could, but could not get provide many details because the investigation is ongoing.
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Liberty Mutual Insurance to Debut Exclusive Film Series at the Women in the World Summit
Posted: at 1:23 pm
BOSTON--(BUSINESS WIRE)--
Liberty Mutual Insurance, a sponsor of the third annual Women in the World summit, will premiere the first of three films featuring the stories of courageous women who embraceresponsibility and impact change. Hosted by Tina Brown, editor in chief of Newsweek & The Daily Beast, the summit brings together women leaders and activists from around the globe to address the most urgent challenges facing women and girls. The film Right to Play, featuring U.S. Olympic Gold Medalist sprinter Allyson Felix, will be screened at the summit on March 10. It is also exclusively available now on Liberty Mutuals Responsibility Project, a website that uses compelling and entertaining content to spark a dialogue regarding what it means to do the right thing.
Right to Play, the first film in the Responsibility Project: Women in Film series, will be introduced at the summit by Paul Alexander, senior vice president, communications, Liberty Mutual Insurance. The film brings Felixs work with the nonprofit organization Right to Play to life, and will be shown for the first time at the summit. Participants at the event include Secretary of State Hillary Clinton, Angelina Jolie, Leymah Gbowee, Christine Lagarde, Lauren Bush Lauren, Meryl Streep and Diane von Furstenberg. Additionally, viewers from all over the world will be able to watch the introduction and film debut in real time through the live stream available on Liberty Mutuals Facebook page.
Liberty Mutual is thrilled to debut our film with this remarkable audience and be a part of the celebration of women who are making a difference, Alexander said. This new film series from The Responsibility Project reveals inspiring stories of courage, dedication and passion from women. We are proud to share examples of women doing the right thing.
Right to Play is produced and directed by award-winning filmmaker Josh Seftel. The film shares Felixs experiences with Right to Play, a nonprofit that provides opportunities for childrens development in the United States and around the world through the creation and facilitation of recreational activities. Felix, a track and field sprinter, is an athlete ambassador who brings her energy, dedication and passion to program visits across the globe. She also organizes and participates in fundraising events while spreading the word about the organization.
Every single child in the world has the right to play, and I am looking forward to doing my part to make that happen, said Felix, who is currently preparing for the 2012 Olympics. Im in a position where now I have something to offer, and I do feel a responsibility to get in there and make a difference.
The two additional short films of the Responsibility Project: Women in Film series will debut later this year on ResponsibilityProject.com.
About the Women in the World Summit
The Women in the World summit is centered on vivid journalistic storytelling, featuring inspiring women and men from diverse cultures and backgrounds. From CEOs and world leaders to artists, activists and firebrand dissidents, Women in the World tells the stories of the courageous and intelligent women who are battling the status quo in their countries, picking up the pieces in the aftermath of war and shattering glass ceilings in every sector.
About The Responsibility Project
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Liberty Mutual Insurance to Debut Exclusive Film Series at the Women in the World Summit
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Liberty police union now supports 911 move
Posted: at 8:09 am
Published: Fri, March 9, 2012 @ 12:04 a.m.
By Robert Guttersohn
Liberty
After opposing turning over the townships 911 operation to Trumbull Countys 911 Center, the Liberty police union has now thrown its weight behind the idea.
Police Patrolman Ray Buhala, president of the Liberty branch of the Ohio Patrolmens Benevolent Association, said because Liberty would have to increase taxes in order to keep the townships 911 center, the union now supports the move.
Buhala said the concerns with response time, which in the past was one of the factors police had against closing the local 911 dispatch center, are no longer there.
Not with todays technology, Buhala said.
Both he and Police Chief Richard Tisone said the digital mapping dispatchers use at the county 911 center are now compatible with the mapping technology in the Liberty police cruisers.
Everyone wants an in-house dispatcher, Tisone said. But wed have to raise taxes in order to do that. And thats not something were willing to do.
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Liberty University breaks ground on new library
Posted: March 8, 2012 at 7:06 am
Liberty University honored its founder during a groundbreaking ceremony Wednesday for the $50 million Jerry Falwell Library, set to open by fall 2013.
The undertaking is Libertys biggest project to date, and begins just two months shy of the fifth anniversary of the Rev. Jerry Falwell Sr.s death.
Dozens of university and community leaders gathered behind the Schilling Center, where construction crews have begun work on a 170,000-square-foot library that combines Jeffersonian architecture with modern design. Falwell Sr.s wife, Macel, came to support the project, along with son Jonathan Falwell, senior pastor at Thomas Road Baptist Church, and other family members.
Hundreds of students were released early from convocation in the nearby Vines Center, swelling the crowd to approximately 5,000 people.
Three university leaders took the stage to memorialize Falwell Sr. LU co-founder Elmer Townes, provost Ron Godwin and Chancellor Jerry Falwell Jr.
Towns recounted the formative role books played during Falwell Sr.s college years, from The Bible to American classics.
It was those books that changed his life and became the foundation of Thomas Road Baptist Church, and ultimately became the foundation for Liberty University, Towns said.
Godwin praised the Board of Trustees for its unanimous decision to name the library after Falwell Sr., despite the founders vocal wish that no buildings bear his name. He said the library will represent the epitome of academic and technological excellence.
Liberty has outgrown its current facility in DeMoss Hall, which serves as the main academic building.
The four-story library will become a centerpiece of the campus, incorporating state-of-the art technology with student-friendly study spaces. It will house a memorial to Falwell Sr. and historical artifacts, including a recently acquired Dead Sea Scroll facsimile parchment currently on display at the Vatican in Rome.
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Liberty Tire Recycling, Georgia State University and ECO-Action to Collect More Than 1,000 Tires from Atlanta …
Posted: at 7:06 am
PITTSBURGH, March 7, 2012 /PRNewswire/ -- Liberty Tire Recycling, the premier provider of tire recycling services in North America, is pleased to partner with the Center of Excellence for Health Disparities Research at Georgia State University's Institute of Public Health and ECO-Action, an Atlanta-based non-profit organization, to host a community tire round-up event from 9 a.m. to 1 p.m. Saturday, March 10, 2012. More than one thousand tires have been illegally dumped throughout neighborhoods in the City of Atlanta, and will be collected for recycling during this time. Liberty Tire Recycling representatives and other volunteers will kick-off tire collections at 510 Cohen St., Atlanta, GA 30310 and pick up tires at several other locations.
(Logo: http://photos.prnewswire.com/prnh/20091210/NE24642LOGO)
"Illegal tire dumping has been an ongoing occurrence across the Atlanta area. Abandoned tires left in parks, yards and wooded areas have become a challenge to remove and an environmental concern for residents and businesses alike," said Dewey Grantham, Jr., regional manager for Liberty Tire Recycling. "At Liberty Tire Recycling, we are pleased to do our part to collect and reclaim these tires to keep them out of our communities and landfills."
Once the tires are collected on Saturday, they will be taken to Liberty Tire Recycling's Atlanta facility for recycling. The rubber from these tires will be utilized to create such eco-friendly products such as alternative fuels and rubber mulch for landscaping and playgrounds.
"ECO-Action is committed to working with vulnerable communities to ensure safe and healthy environments. This tire roundup is one step toward this goal," said Dr. Yomi Noibi, executive director of Environmental Community Action, Inc. (ECO-Action).
For more information on Liberty Tire Recycling, visit http://www.libertytire.com.
About Liberty Tire Recycling
Liberty Tire Recycling is the premier provider of tire recycling services in North America. By recycling more than 140 million tires annually, Liberty Tire reclaims about 1.5 billion pounds of rubber for innovative, eco-friendly products. The recycled rubber produced by Liberty Tire is used as crumb rubber and industrial feedstock for molded products; as tire-derived fuel for industrial kilns, mills and power plants; and as rubber mulch for landscaping and playgrounds. The company maintains a nationwide network of processing plants, and comprehensive door-to-door collection services. Liberty Tire Recycling is headquartered in Pittsburgh, PA. For more information, please visit http://www.libertytire.com.
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Liberty Mutual Insurance Invitational Charity Golf National Finals To Be Played At Pinehurst Resort March 7 – 11, 2012
Posted: at 7:06 am
BOSTON--(BUSINESS WIRE)--
Liberty Mutual Insurance announced today that more than 200 amateur golfers will participate in the Liberty Mutual Insurance Invitational National Finals at Pinehurst Resort in Pinehurst, North Carolina, March 7 11, 2012. The golfers represent winning foursomes from the charity golf tournament series hosted by Liberty Mutual Insurance and local charitable organizations across the country in 2011 that helped raise more than $5.4 million for national and local charities.
Local amateur golf events and their history of supporting charitable organizations align with our belief of doing the right thing in the communities in which we live and work, said Paul Alexander, Liberty Mutual Insurance senior vice president, communications. We look forward to saluting the winning foursomes during the Finals tournament at Pinehurst Resort as well as all the golfers who played in tournaments last year to help raise much needed funds for communities across the country.
Torie Kranze,C.E.O. of the National Kidney Foundation of Louisiana said, "As the C.E.O. of the National Kidney Foundation of Louisiana and on behalf of the board of directors, staff, volunteer tournament committee, and most importantly, the patients we serve,I want to personally thank Liberty Mutual Insurance for its sponsorship of the four Liberty Mutual Invitational golf tournaments held each year throughout Louisiana. The tournaments raise over $275,000 which supports funding for local research, free community based health screenings for people at risk of kidney disease, summer camp for children on dialysis, and important health education campaigns."
Pinehurst Resort has been the site of some of professional golfs most prestigious golf tournaments and will host the 2014 U.S. Open Championship.
About the Liberty Mutual Insurance Invitational
The Liberty Mutual Insurance Invitational tournaments are single-day events featuring an 18-hole Scramble format open to men and women amateur golfers of all skill levels in the local community. Each 2012 tournament will be held at a prestigious golf course and conclude with a dinner and awards ceremony. Members of winning foursomes will receive great prizes from Liberty Mutual Insurance, Nike, Polaroid, Sports Vision Eyewear and Golf Digest. Leaders from the community, business and charitable organizations will run and promote the local tournaments with support from local Liberty Mutual Insurance employees. Winning foursomes from each local tournament will be invited to play in the four-day Liberty Mutual Insurance Invitational National Finals. The Finals for winning foursomes of the 2012 local tournaments will return to Pinehurst Resort on March 6 10, 2013. For more information about the Liberty Mutual Insurance Invitational, please visit http://www.libertymutualinvitational.com.
About Liberty Mutual Insurance
"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on A.M. Best Company's report of 2010 net written premium.
Liberty Mutual Insurance also ranks 82nd on the Fortune 100 list of largest corporations in the U.S. based on 2010 revenue. As of December 31, 2011, Liberty Mutual Insurance had $117.1 billion in consolidated assets, $99.3 billion in consolidated liabilities, and $34.7 billion in annual consolidated revenue.
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New Liberty Mutual ad gives special effects a workout
Posted: March 7, 2012 at 8:07 am
By Chris Reidy, Globe Staff
A new ad from Liberty Mutual Insurance for its Home Protector Plus product makes use of so many special effects that it and a companion ad were almost a year in the making, said an executive with Hill Holliday of Boston, Liberty Mutuals long-time ad agency.
The message of the two ads is that Boston-based Liberty Mutual and Home Protector Plus, a home insurance product, works hard to get a customers life back to normal after something bad has happened.
Hill Hollidays branding campaign for Liberty Mutual features the tag-line of: Responsibility: Whats Your Policy? These two latest ads are more focused on a specific Liberty Mutual insurance product.
The new ad that has just begun airing is called Strings, and it shows a house getting convulsed by a fierce storm that badly shakes up the homes contents. The spot was filmed on one of the worlds biggest sound stages, and nearly 3,200 household items were hung individually from wires for the special effects. The spot also gave the sound stages wind machines a good workout.
A second spot called Journey started airing in early February. In this spot, a woman bikes around a suburban neighborhood and manages to avoid disaster around every corner. Two identical houses were built for the shoot, Hill Holliday said, and one challenge for the actress in the spot was to maintain a bike speed of 7 miles per hour so the script would come off as planned.
It took us almost a year to produce those spots, Hill Holliday creative director Scott Noble said.
Other Hill Holliday clients include Dunkin Donuts, Major League Baseball, Verizon Wireless, Bank of America, Chilis, and Novartis.
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Liberty University decides to end contract with GLTC
Posted: at 8:07 am
Liberty University plans to discontinue its contract with the Greater Lynchburg Transit Company, opting instead to run its own fleet of buses on campus, LU officials announced Tuesday.
LU Chancellor Jerry Falwell Jr. said GLTCs rising transit costs prompted the change, which will go into effect in August. Falwell estimated GLTCs hourly charges have increased 80 percent since 2008, including a 12 percent spike in the last two weeks.
We just cant live with those types of unexpected increases, Falwell said.
Prior to 2007, Liberty operated its own bus service for students who needed rides across campus or to select off-campus locations.
Liberty could no longer support the demands of its growing student body so, in 2007, it partnered with GLTC in a contract that cost the university roughly $1.14 million, or $52 per hour, said Richard Martin, LUs vice president for financial research and analysis.
Next year, the projected cost for a comparable amount of service came out to nearly $2 million, or about $93 per hour, Martin said.
Its gotten more expensive very quickly and also we do have some concerns over the sustainability of the service provided by GLTC, he said, citing the companys recent budget shortfalls.
Libertys strong financial position makes it feasible to buy a fleet of buses and build the accompanying infrastructure, Martin said. Students, who pay for the transit service through their tuition dollars, will save money in the long run.
Liberty is one of GLTCs biggest sources of funding and riders. The impact of Libertys departure will play out in coming months.
GLTC general manager Michael Carroll did not return phone calls Tuesday evening.
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American Liberty (OREO) Expands Its Management Team
Posted: at 8:06 am
NEW YORK, NY--(Marketwire -03/06/12)- American Liberty Petroleum, Corp. (OTC.BB: OREO.OB - News) announced yesterday that they have appointed Vincent Ramirez to the Vice President of Operations position. Mr. Ramirez has worked in all aspects of oil and gas, during which he has worked with companies like Shell (NYSE: RDS-A - News) and Amoco (NYSE: BP - News).
American Liberty, which is focused on the Western part of the US, is not alone in seeing possible potential in Nevada and California, Anadarko Petroleum (NYSE: APC - News) has properties in Nevada while Occidental Petroleum (OXY) has recently found an estimated 1 billion barrels of oil and natural gas equivalents in California.
American Liberty Petroleum Corp. focuses on the acquisition, drilling, and production of oil and natural gas properties and prospects. The company's President, Alvaro Vollmers, argues that "there are real solutions within our own borders that will contribute to the nation's increased energy independence." American Liberty's 6,397-acre Gabbs Valley Prospect in Nevada is located on the 26,000-acre Cobble Cuesta structure, which is estimated to represent oil reserves of 4+ billion barrels.
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid IO News Wire twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.
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Liberty Announces Further Loan from Controlling Shareholder
Posted: at 8:06 am
TSX: LBE
TORONTO , March 6, 2012 /CNW/ - Liberty Mines Inc. ("Liberty or the "Company") wishes to announce today that Jien International Investments Ltd. ("JIIL"), the Company's controlling shareholder, has agreed to provide a $5,000,000 loan. The purpose of the loan is to provide working capital for Liberty to address the timing around revenue payments from the resumption of mining activities. Liberty remains on target to restart their mining and milling operations in Timmins in Q1 of 2012.
This loan will bear interest at the rate of 10% per annum and will be secured against the assets of the Corporation. Interest will accrue over the term of the loan. The Loan will come due on December 31 , 2013. The terms of the loan require that the Company make mandatory prepayments to the loan where Liberty raises capital in excess of certain thresholds.
This transaction constitutes a related party transaction under the rules of the Toronto Stock Exchange and Multilateral Instrument 61-101 ("NI 61-101"). The transaction is exempt from the minority approval requirements of is exempt from the minority shareholder approval requirements of NI 61-101 by virtue of section 5.7(f).
About Liberty Mines Inc.
Liberty Mines Inc. is a producer of nickel and is focused on the exploration, development and production of nickel, copper, cobalt and platinum group metals from its properties in Ontario, Canada . It owns and operates the Redstone nickel concentrator near Timmins Ontario.
CAUTIONARY STATEMENT
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward looking statements". All statements other than statements of historical fact included in this release, without limitation, statements regarding future plans and objectives of Liberty, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Liberty's expectations are: exploration risks; commodity prices; regulatory approvals; receipt of mining permits and leases; equipment failures and shortage of supplies; and assumed startup and operating costs detailed herein and from time to time in the filings made by Liberty with securities regulators. Forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to publicly update any such statement or reflect new information or the occurrence of future events or circumstances, except where required by securities regulations. Accordingly, readers should not place undue reliance on forward-looking statements.
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