The Urethane Blog

Premier Foam Announces New Management Team

In a letter to suppliers, Premier Foam's General Manager, Kevin Kolesar, introduces their new management team.  Kolesar reports that Premier's majority owner, H.C. "Dude" Crain, requested that Lynn Reeves assess the situation at Premier Foam.  Kolesar went further to say that they "have made great strides over the past month and are now once again capable of supplying the foam industry with high quality foam products at competitive prices."

In the letter, Kolesar specified that Pete Wallace, David Wright, Jill Ewing and Matt Wallace were no longer associated with Premier Foam

 

Dow's 2010 Annual Sustainability Report Earns "A+" Rating

The Dow Chemical Company today issued its 2010 Global Reporting Initiative (GRI) Sustainability Report with UN Global Compact Communication on Progress. For the fourth year in a row, the report achieved an application level of “A” from the office of the Global Reporting Initiative and was assured through a third party resulting in an “A+” designation. Dow utilizes GRI’s reporting guidelines to communicate the Company’s sustainability efforts and achievements. Through a consistent and balanced summary on progress on Dow’s 2015 Goals, this report underscores the company’s commitment to addressing energy, climate change and other world challenges.

“We strive to give stakeholders confidence in the content of our annual sustainability report.  We work to be comprehensive and pursue the GRI Check to verify completeness.  We also have our report Assured by a third party.” said Mark Weick, Dow's director of Sustainability. GRI is the globally recognized sustainability reporting framework that helps organizations deliver accountability and transparency by defining specific indicators. This year marks the eighth time Dow has published a report using the GRI framework.

The "A" signifies that the report reaches the highest level of completeness and the "+" assures stakeholders of the report’s accuracy through verification by an external third-party. The GRI framework assists reporters in basing their communication on the following principles:  balance, comparability, accuracy, timeliness, clarity and reliability.

A two page summary providing highlights from 2010 and a snapshot of many of the metrics used to track progress on Dow’s 2010 Sustainability goals is included in this year’s report.

http://www.pcb007.com/pages/zone.cgi?a=77523&artpg=1

Initial Report Points to Lower Propylene for July

Houston (Platts)--28Jun2011/627 pm EDT/2227 GMT

With propylene contract prices expected to fall for a second consecutive month, a major producer has nominated a 2-cent decrease for July, market sources said Tuesday.

June contracts were settled 15 cents/lb lower than May at 82 cents/lb for polymer-grade propylene and 80.50 cents/lb for chemical-grade product.

Two market sources reported hearing ExxonMobil nominated the decrease, although confirmation from the company was not immediately available.

No other nominations were heard, which is not uncommon when contract prices are expected to fall as major producers often abstain from making nominations.

The nomination met buyer expectations as to the direction of the market. It did not, however, meet them as far as extent of the decrease, which many sources have pegged closer to 5 cents/lb.

Propylene prices have been trending steadily lower since May, when they hit all-time highs in the contract and spot markets.

Spot refinery-grade propylene, a good indicator for market direction, has shed nearly 25 cents/lb since reaching an all-time high of 91.25 cents/lb May 2-4, according to Platts data.

Spot PGP and CGP have each lost nearly 20 cents/lb since early May, last assessed Friday at 76.75 and 73.75 cents/lb, respectively.

That, in turn, has led buyers in the propylene and downstream markets such as polypropylene to expect decreases on the July CP of between 5-7 cents/lb and as high as 10 cents/lb, something at least one producer said is unlikely to happen.

On Tuesday, spot RGP was heard talked around 64-68 cents/lb MtB pipe for June, a trading source said. Spot PGP was last heard done at 77.50 cents/lb, while an acrylonitrile source pegged CGP around the 75-cent/lb level.

--Bernardo Fallas; bernardo_fallas@platts.com

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Petrochemicals/6232778

 

Software Program Designed to Improve Manufacturing

Software Program Designed to Increase Manufacturing Efficiency

 Do processing urethane systems sometimes seem more like an art than a science?  If you struggle with batch to batch variability, there is a software program, iChemist® which can help.

 iChemist® has been designed to minimize the variability of processing urethane systems.  Developed by Peter Woletz, with greater than 30 years of urethane experience, this software package calculates and adjusts for the variability of raw materials to keep the stoichiometry and reactivity of your systems in balance.  iChemist® corrects for lot to lot variability of raw materials such as, hydroxyl number, NCO content, acidity and traces of remaining water.  For example, the typical hydroxyl range of a 2,000 MW diol is 4 units (54 – 58) or approximately 7%.  The typical % NCO range for standard polymeric MDI is 2 units (30.5 – 32.5) or approximately 6%.  Formulating with raw materials with typical variability will lead to differences in the finished products.

 With iChemist®, it is possible to reduce the negative influences to an absolute minimum because you now have the capability to take into account raw material related deviations.

Mr. Woletz characterizes the benefits from using iChemist® as:

• Significant reduction of non-conforming product
• Increases efficiency leading to greater production capacity
• Dramatic increase in “First Time Right” production
• Greater conformity of finished goods for the end use customer
• Increase in your company’s reputation as a high quality supplier

 Setting up the formulation parameters for each of your products within the database provides a benchmark for your production.  Whenever new raw materials are received, the actual physical properties are entered into the program and the software calculates the necessary adjustments necessary to compensate for the variability compared to your benchmark formulation.  The result is a very consistent polyurethane system.

 In summary, typically formulators use a group of raw materials with variances within their individual specification range to manufacture systems and finished products.  The properties of the finished product vary based on “standard” variations of the raw materials used.  iChemist® takes that same group of raw material and modifies the formulation to yield a very consistent and reproducible finished product.

 iChemist® was developed to be multilingual to support the PU industry on a global basis.  For more information on this software contact info@ichemist.de or download the complete manual under www.ichemist.de

Spot Propylene Keeps Falling

US June barge acetone contract fully settled at fall of 15%

24 June 2011 21:02  [Source: ICIS news]

HOUSTON (ICIS)--The June US barge acetone contract price fully settled at a decrease of 15% from May levels, buyers and sellers said on Friday.

The June barge acetone price was settled at 65.5 cents/lb ($1,444/tonne, €1,011/tonne) DEL barges (delivered via barges), down from May’s record settlement of 77 cents/lb, as assessed by ICIS.

Market participants had expected the June contract price to fall significantly because of weakening feedstock propylene values.

Spot refinery-grade propylene (RGP) prices fell below 70 cents/lb at the end of June, widening the gap against contract propylene to more than 10-12 cents/lb.

Another factor pushing June barge acetone significantly lower was the May contract settling at a record high.

During May negotiations, the US propylene contract price was at a record high throughout the month, but spot RGP prices fell by almost 20 cents/lb during the month.

That disconnect within the propylene market led to a wide gap in acetone price ideas from buyers and sellers.

With buyers able to settle the May acetone contract at a record high, most market players felt the June price would have to come down.

The US barge acetone contract price is negotiated between three large acetone sellers - Georgia Gulf, INEOS Phenol and Shell Chemical - and the three largest methyl methacrylate (MMA) producers - Dow Chemical, Evonik and Lucite.

Acetone is a key feedstock for MMA production.

http://www.icis.com/Articles/2011/06/24/9472621/us-june-barge-acetone-contract-fully-settled-at-fall-of-15.html

Geithner Targets Small Business for Tax Hikes

Geithner: Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’

Thursday, June 23, 2011
By Terence P. Jeffrey

Treasury Secretary Tim Geithner testifies in the House Small Business Committee on Wednesday, June 22, 2011. (Congressional photo)

(CNSNews.com) - Treasury Secretary Timothy Geithner told the House Small Business Committee on Wednesday that the Obama administration believes taxes on small business must increase so the administration does not have to “shrink the overall size of government programs.”

The administration’s plan to raise the tax rate on small businesses is part of its plan to raise taxes on all Americans who make more than $250,000 per year—including businesses that file taxes the same way individuals and families do.

Geithner’s explanation of the administration's small-business tax plan came in an exchange with first-term Rep. Renee Ellmers (R.-N.C.). Ellmers, a nurse, decided to run for the U.S. House of Representatives in 2010 after she became active in the grass-roots opposition to President Barack Obama’s proposed health-care reform plan in 2009.

“Overwhelmingly, the businesses back home and across the country continue to tell us that regulation, lack of access to capital, taxation, fear of taxation, and just the overwhelming uncertainties that our businesses face is keeping them from hiring,” Ellmers told Geithner. “They just simply cannot.”

She then challenged Geithner on the administration’s tax plan.

“Looking into the future, you are supporting the idea of taxation, increasing taxes on those who make $250,000 or more. Those are our business owners,” said Ellmers.

Geithner initially responded by saying that the administration’s planned tax increase would hit “three percent of your small businesses.”

Ellmers then said: “Sixty-four percent of jobs that are created in this country are for small business.”

Geithner conceded the point, but then suggested the administration’s planned tax increase on small businesses would be “good for growth.”

“No, that's right. I agree with that,” said Geithner. “But just to put it in perspective, it's important to recognize why are we doing this. You know, our deficits are 10 percent of GDP, higher than they've been since any time in the postwar period really. We have a big hole to dig out of, and we have to figure out how to do that in a way that's balanced, good for growth, fair to people as a whole.”

Geithner, continuing, argued that if the administration did not extract a trillion dollars in new revenue from its plan to increase taxes on people earning more than $250,000, including small businesses, the government would in effect “finance” what he called a “tax benefit” for those people.

“We're not doing it because we want to do it, we're doing it because if we don't do it, then, again, I have to go out and borrow a trillion dollars over the next 10 years to finance those tax benefits for the top 2 percent, and I don't think I can justify doing that,” said Geithner.

Not only that, he argued, but cutting spending by as much as the “modest change in revenue” (i.e. $1 trillion) the administration expects from raising taxes on small business would likely have more of a “negative economic impact” than the tax increases themselves would.

“And if we were to cut spending by that magnitude to do it, you'd be putting a huge additional burden on the economy, probably greater negative economic impact than that modest change in revenue,” said Geithner.

When Ellmers finally told Geithner that “the point is we need jobs,” he responded that the administration felt it had “no alternative” but to raise taxes on small businesses because otherwise “you have to shrink the overall size of government programs”—including federal education spending.

“We're not doing it because we want to do it, we're doing it because we see no alternative to a balanced approach to reduce our fiscal deficits,” said Geithner.

“If you don't touch revenues and you leave in place the tax cuts for the top 2 percent that were put in place by President Bush, if you leave those in place and you're trying to bring our deficits down over time, then you have to do exceptionally deep cuts in benefits for middle-class Americans and you have to shrink the overall size of government programs, things like education, to levels that we could not accept as a country,” said Geithner.

“So to do a balanced approach to reduce our deficits you have to make modest changes in revenues,” he said. “There's no realistic opportunity to do alternatives to doing that.”

According to historical budget tables published by the White House Office of Management and Budget, federal spending has climbed from $2.89 trillion in 2008—the year President Obama took office—to $3.82 trillion this year, an increase of approximately $930 billion.

Meanwhile, according to the National Center for Educational Statistics, although federal education spending in inflation-adjusted dollars has jumped from $71.64  billion in 1995—when Bill Clinton was president--to $163.07 billion in 2009—when Barack Obama was president—federal spending still accounted for only 8.2 percent of spending for public primary and secondary education in America in the 2007-2008 school year. Historically and presently in the United States, local and state governments have  funded the cost of public education.

http://www.cnsnews.com/news/article/geithner-taxes-small-business-must-rise

IFS UK Introduce New Polyol

ENVIROFOAM SUSTAIN A Unique Insulation System for the Building and Commercial Refrigeration Industries   Envirofoam Sustain is an exciting and revolutionary insulation system aimed at providing the very best in both technical performance and environmental sustainability. It is suitable for all applications where traditional grades of polyurethane foam have been used in the past. This document explains how Envirofoam Sustain differs from conventional materials and why it is becoming the preferred insulation material in the building, refrigeration and water storage industries. What is Envirofoam Sustain? Envirofoam Sustain is a cost-effective, low density polymer foam which is produced in the same manner as conventional polyurethane foams. The two-part resin and isocyanate composition can be manufactured on conventional low and high-pressure dispensing equipment. What are the principal advantages of Envirofoam Sustain? Envirofoam Sustain combines high technical performance with ease of processing and unique environmental benefits. What are the main technical advantages of Envirofoam Sustain? Envirofoam Sustain exhibits the same mechanical and adhesive properties as conventional polyurethanes but has the advantage of improved thermal insulation performance. Foams with an initial lambda value of 0.022 W/mK have been in use for over ten years. Is Envirofoam Sustain a new technology? Envirofoam Sustain is a further development of technology originally perfected by IFS in the early 1990s. The technology has been continually refined over the past 20 years, resulting in the optimised products available today. Which industries can take advantage of the Envirofoam Sustain technology? Envirofoam Sustain is principally used in those industries that require excellent thermal insulation properties, particularly in those applications which require a non-flammable and environmentally-friendly resin component. Typical products which currently incorporate Envirofoam Sustain are commercial refrigerators, supermarket display cabinets, composite building panels (including Structural Insulated Panels), cold-room panels, water storage tanks, insulated doors and cavity-wall insulation. Why is Envirofoam Sustain regarded as environmentally-friendly? Envirofoam Sustain is unique in its chemical composition. A significant part of the traditional polyol component has been replaced with a polyol derived from a renewable and recycled source of vegetable oil. This significantly reduces the proportion of polyol derived from the conventional and unsustainable petrochemical process. Which vegetable-based polyol is used in Envirofoam Sustain? The resin component used in the manufacture of Envirofoam Sustain contains a polyol known as Enviropol R201. This polyol is derived from a renewable and recycled source and is therefore quite unlike anything else on the global market. How are the environmental benefits of Enviropol R201 assessed? Enviropol R201 has been subjected to a Biobased Content Analysis using the internationally recognized test method, ASTM D6866-08. This analytical technique determines the proportion of fossil content and biobased content. Independent tests show that Enviropol R201 contains 86% Biobased Content (certificate available). However, what is not shown using the ASTM test method is the origin of the vegetable oil. What is the origin of the vegetable oil used to manufacture Enviropol R201? Enviropol R201 is derived from a recycled oil, designated LF100. This refined oil is supplied to IFS to a tight technical specification. LF100 is refined from oil collected largely from large-scale industrial processes (eg. McCain). This fact is important in terms of carbon footprint. The oil has already fulfilled its usefulness prior to being used again in the manufacture of a biopolyol. The LF100 is particularly consistent in chemical composition and each batch is analysed using Fourier Transform Infrared Spectroscopy. A typical analytical graph is shown below together with a photograph of one of the road tankers used to collect the recycled vegetable oil.                     How is the LF100 recycled oil converted to a biopolyol? IFS Chemicals converts the oil to a biopolyol using a technique developed over 20 years ago. The process has been continually refined, resulting in a process which is highly efficient and which requires very little energy. In fact, the energy requirement has been estimated at about 10% of that used in conventional polyol processes. What level of Enviropol R201 biopolyol is used in Envirofoam Sustain? The amount of biopolyol used in the Envirofoam Sustain resin component is largely dependent on the specific requirements of the end-use application. However, the incorporation levels are significant. A typical Envirofoam Sustain resin which was subjected to independent analysis has shown a biobased content of 58% (certificate available). Does Envirofoam Sustain have any other environmental benefits? Yes, the chemical composition of Envirofoam Sustain allows the use of particularly attractive blowing agents in the foaming process. Many conventional blowing agent gases have a detrimental effect in terms of greenhouse gas emissions (as denoted by their Global Warming Potential, GWP). The blowing agents used in Envirofoam Sustain have a GWP of “less than 1”. Do the components of Envirofoam Sustain have any inherent hazards? From a health and safety perspective, the components are very similar to those used in conventional polyurethane technology. The MDI isocyanate is a polymeric grade with low volatility and is treated in an identical manner to conventional grades. The formulated resin component is not flammable (independent certificate available) and does not contain any hydrocarbon blowing agents. Do the properties of Envirofoam Sustain insulation differ from conventional grades? The mechanical, adhesive and thermal properties of Envirofoam Sustain are somewhat similar to those of conventional grades of foam insulation. However, Envirofoam Sustain has a low lambda value (0.022-0.023 W/mK) giving rise to low U-values in buildings and low energy ratings in appliances. Does Envirofoam Sustain have any formal environmental credentials? Yes, Envirofoam Sustain  has obtained approval under the U.S. BioPreffered program. Consequently, the liquid resin can be labelled as a certified product, the only  polyurethane chemical to receive this accolade (see label below). Who administers the biopreffered program? The scheme is administered by the United States Department of Agriculture. The U.S Congress directed the establishment of a label for biobased products and a program to establish a preferred Federal purchasing program for biobased products. What are the main goals of the biopreffered program? The goals are threefold: 1. To spur the development of the biobased industrial base through value-added agricultural processing and manufacturing in rural communities. 2. To enhance the Nation’s energy security, by substituting biobased products for fossil energy based products derived from imported oil and natural gas. 3. To reduce the Nation’s environmental impact by promoting products that may be more benign to the environment. Is there a European version of the biopreffered program? To date, there is no European version of the scheme but governments are currently considering the introduction of a similar program. There is growing recognition that many commercial/industrial products could contain significant levels of biobased materials. Is Envirofoam Sustain flame-retardant? Envirofoam Sustain meets the normal requirements of BS 4735 (less than 125mm flamespread). We also offer a grade (Sustain 16.456) which has a higher level of fire resistance as measured by ANSI FM 4880. The convective flame spread parameter (FSPc ) of this grade is 0.13s-0.5 (independent certificate available), well below the desired value of 0.39s-0.5. Can  Envirofoam Sustain be processed on conventional equipment? Yes, the product can be treated in exactly the same way as conventional polyurethanes, using either low-pressure or high-pressure dispensing equipment. Are there any processing differences with Envirofoam Sustain? The only noticeable difference between Envirofoam Sustain and conventional polyurethanes is that Sustain grades exhibit improved foam flowability. This leads to improved foam distribution and a more consistent density distribution. It may require a small alteration to air-release vents in panel/appliance fixtures in order to prevent excess foam seepage. IFS Technical Service personnel are available to assist in converting to Envirofoam Sustain. Envirofoam grades of polyurethane have been used by the insulation industry for more than 15 years. These products have been based on Natural Oil Polyols using a process perfected by IFS Chemicals Ltd in the 1990s. Envirofoam Sustain is based on that same proven technology but utilizes recycled vegetable oil as the starting derivative. If you have any questions regarding details of this technology, please e-mail us at: Sustain@ifs-group.com   http://www.ifs-group.com/s38/ENVIROFOAM-SUSTAIN.html

Liveris Appointed Co-Chair of New Initiative

Dow Chemical CEO Named Co-Chairman On Obama Manufacturing Initiative

President Barack Obama appointed Dow Chemical Co. (DOW) Chairman and Chief Executive Andrew N. Liveris as a co-chairman of an initiative to help develop advanced manufacturing technologies and jobs.

The initiative to invest $500 million was set to be unveiled Friday at Carnegie Mellon University in Pittsburgh. It includes partnering with a host of universities and companies such as the Massachusetts Institute of Technology, Honeywell International Inc. (HON) and Dow Chemical to jumpstart innovation in advanced manufacturing. The plans come amid an unemployment rate of 9.1% in the U.S.

Liveris, a 35-year veteran of Dow Chemical, has been chief executive and a board member since 2004. He was elected chairman in 2006.

The government initiative, which Liveris will lead with Susan Hockfield, president of the Massachusetts Institute of Technology, differs from the Obama administration's other manufacturing initiatives in that it's aimed at helping create advanced manufacturing jobs, not skilled blue-collar positions.

The idea is to bring the government, universities and companies to the table to determine where money is most needed for high-tech manufacturing innovation. Obama will detail a plan to invest $70 million in robotics, which will be given out via grants.

Manufacturing in America is a key theme in the president's 2012 re-election effort.

The $500 million for the initiative will come from existing funds as well as from money Obama requested from Congress in his budget for the year, said Ron Bloom, the president's manufacturing czar.

Obama has in recent weeks discussed an array of initiatives to help spur innovation and job creation, several related to manufacturing.

-By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

-Jared A. Favole contributed to this article.

http://online.wsj.com/article/BT-CO-20110624-704184.html

Oltchim Saga

German PCC partners Carlson Ventures hoping to take over Romania’s Oltchim

Business | romania-insider.com | June 20, 2011 at 8:24 pm

---

German company PCC SE and investment fund Carlson Ventures International, which together own 31.3 percent of Romanian majority state-owned company Oltchim (symbol OLT) have signed an agreement to cast similar votes and follow the same strategy for the company, the two companies have announced. The two, which are the biggest minority shareholders in Oltchim, will also participate together in the Oltchim privatization process, once it will start. PCC and Carslon Ventures International will act concertedly in what concerns Oltchim, having already notified the Bucharest Stock Exchange (BVB), where Oltchim’s shares are traded.

This will allow PCC to pursue its business plan for Oltchim, after having tried for years to impose its ideas, that were rejected by the company’s management. Carlson has decided to support PCC’s strategy and business plan for Oltchim.

Carlson Ventures International bought 14 percent in Oltchim earlier  this year through Nachbar Services.

PCC and Carlson now call for an urgent restructuring within the company. Based on Carlson’s experience, which has been investing in companies in difficulty, the only viable option for Oltchim is a rapid and profound restructuring, according to the company. “Following its purchase of a stake in the company, Carlson Ventures representatives have the Oltchim management. After these meetings, Carlson believes the Oltchim management has no real restructuring plan for the company,” reads the company’s statemented.

Despite Oltchim’s financial struggle, the company’s management focuses on buying used assets, such as the Pitesti refinery, which was closed down by OMV, according to Carlson. The entire Olthim management strategy, which aims at entering the oil refining business and investing huge amounts into an installation which has been closed down, which leads to increasing debts, is irresponsible and unrealistic, the statement goes on.

PCC’s option focuses on Olthim’s products which can generate profit, as well as on greenfield projects, which will increase the company’s competitivity, according to the two shareholders.

“PPC’s main objective is a successful participation in the privatization of Oltchim and purchasing the majority stake held by the Romanian Ministry of Economy, following an open and transparent process of privatization”, Wojciech Zaremba, PCC’s representative in Romania, has previously said.

Oltchim holds debts of over EUR 550 million. Romania has pledged to privatize Oltchim chemicals producer at the request of the International Monetary Fund. The main shareholder in Oltchim is the Romanian state, with 54.8 percent of the shares.

Olthim currently has a market capitalization of EUR 97.9 million based on today’s exchange rate of RON 4.2635 for an EUR. Its share closing price on Monday was of RON 1.217 on the Bucharest Stock Exchange.

Corina Saceanu, corina@romania-insider.com

http://www.romania-insider.com/german-pcc-partners-carlson-ventures-hoping-to-take-over-romanias-oltchim/26622/

 

Romania`s chemical producer Oltchim says that the plant providing propylene to the company has resumed operations

Raiffeisen - 16.06.2011

The management of the chemical producer Oltchim (OLT) announced that the plant providing propylene to the company has resumed operations.

The resuming of this Arpechim installation will supply Oltchim with a part of the raw materials needed and will allow the restart of polyols production.

We see the news as positive for Oltchim, but we note that the company has yet to undergo large investments before the whole Arpechim platform will be operational.

http://www.balkans.com/open-news.php?uniquenumber=108875

Reality Setting In

Electric Car Company Goes Belly Up

Posted by Jim Hoft on Thursday, June 23, 2011, 6:34 AM

The Think Car

Electric car manufacturer Think Global AS filed for bankruptcy today.
IBJ reported:

The electric car maker that launched its North American operations in northern Indiana has filed for bankruptcy protection in Norway, a major creditor said Wednesday morning.

Think Global AS plans to liquidate its assets, according to a statement from its exclusive battery supplier, Ener1 Inc.

Ener1, which engineers and makes its batteries in the Indianapolis area at its EnerDel subsidiary, notified investors Wednesday that the company would take a charge of more than $32 million on unpaid loans and accounts receivable from Think Global.

Think’s spokesman in Detroit, Brendan Prebo, could not be reached for comment Wednesday morning.

“I think the car is quickly becoming a historic footnote,” said J. William Moore, publisher and editor of the Nebraska-based EV World, which covers the electric vehicle industry. “There’s a whole bunch of big, serious competitors hitting the market soon.”

Think’s sputtering performance has already dragged down Ener1′s stock price, but it’s not clear what affect the bankruptcy will have on the company. Spokesman Brian Sinderson would not answer a question about the impact on local operations. He issued a statement via email this morning saying, “Ener1 estimates that the amount of the charge is $32.6 million, although the amount could change based on the extent to which funds are recovered as a result of the liquidation of Think Global.”

http://www.thegatewaypundit.com/