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Montreal Forum adds a touch of Dawson College class Brenda Branswell Montreal Gazette August 9, 2010 MONTREAL - Some Dawson College students will have classes this year in a place they probably never expected to study - the old Montreal Forum. The downtown college is renting additional space in the Pepsi Forum because of an influx of 300 additional students. Dawson is creating nine classrooms in the building, including two computer labs for students who are studying social sciences, said Donna Varrica, a college spokesperson. Dawson is one of several colleges that is accepting more students for the coming school year. The decision to take in extra students came in June when the Quebec government announced it would inject more than $1 million to deal with the space problem at Montreal Island's crowded CEGEPs. Varrica said the top priority for Dawson was to find extra space that wasn't far from the college. Read more: http://www.montrealgazette.com/technology/Forum+adds+touch+Dawson+class/3378079/story.html#ixzz0w9Kr4HzN
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Researchers at the Eindhoven University of Technology (EUT) may be on the brink of discovering a breakthrough that will lead to reduced pollution and cleaner air for all. According to the EUT, a roadway made of concrete blended with titanium dioxide can effectively remove up to 45 percent of the nitrogen oxides that it comes in contact with. The titanium dioxide, a photocatalytic material, captures airborne nitrogen oxides and, with the aid of the sun, converts it to nitrates that are harmlessly washed away by the rain. The EUT conducted real-world studies on a 1,000-square-meter section of repaved road in the Netherlands. Such testing showed that the laced pavement could reduce nitrogen oxides by 25 to 45 percent more than traditional concrete. As Jos Brouwers, professor of building materials at the EUT remarked, "The air-purifying properties of the new paving stones had already been shown in the laboratory, but these results now show that they also work outdoors." Additional testing is still underway and although the pavement laced with titanium dioxide does cost some 50 percent more than regular cement, overall road-building costs only increase by a marginal 10 percent. Costs aside, the advantages of the titanium dioxide are readily apparent, but the implementation of such a product requires repaving our roadways – a time intensive and costly endeavor. [source: Eindhoven University of Technology] http://w3.tue.nl/en/news/news_article/?tx_ttnews[tt_news]=9833&tx_ttnews[backPid]=361&cHash=d58ad9cc61 -
By Sarah Mulholland April 23 (Bloomberg) -- Loan extensions will likely be insufficient to prevent a wave of commercial real-estate defaults as borrowers struggle to refinance debt amid tighter lending standards and plummeting property values, according to Deutsche Bank AG analysts. As much as $1 trillion in commercial mortgages maturing during the next decade will be unable to secure financing without significant cash injections from property owners, according to the Deutsche analysts. At least two-thirds, or $410 billion, of commercial mortgages bundled and sold as bonds coming due between 2009 and 2018 will need additional cash infusions to refinance, the analysts led by Richard Parkus in New York said in a report yesterday. Many commercial real-estate borrowers will be unwilling or unable to put additional equity into the properties, and will have to negotiate to extend the loan or walk away from the property, the analysts said. The volume of potentially troubled loans and declining real-estate values will make loan extensions harder to obtain. “The scale of this issue is virtually unprecedented in commercial real estate, and its impact is likely to dominate the industry for the better part of a decade,” the analysts said. Many dismiss the seriousness of the problem by assuming lenders will agree to extend maturities, according to the report. That approach might work if the amount of loans that failed to refinance was relatively small, but the percentage is likely to be 60 to 70 percent, the analysts said. The overhang of distressed real estate will hinder price appreciation, making lenders less likely to extend mortgages with the expectation that the value of the property will rise enough to qualify for refinancing, the analysts said. Loans made in 2007 when prices peaked and underwriting standards bottomed will face the biggest hurdles to refinancing. Roughly 80 percent of commercial mortgages packaged into bonds in 2007 wouldn’t qualify for refinancing, according to Deutsche data.
