Driver Injured in One-Vehicle Accident

first_imgBrookville, IN—On Sunday evening, Franklin County Sheriff’s Deputies were called to the scene of a personal injury accident on U.S. 52, just west of Little Cedar Road.  Upon arrival, Deputies found the vehicle over an embankment.Willie J. Roseberry, 47, of West Liberty, Kentucky, was driving a 2003 Ford Crown Victoria westbound on U.S. 52.  Roseberry failed to negotiate a curve in the roadway causing him to lose control of the vehicle.  His vehicle went over a guard rail and over an embankment.  Roseberry was transported by Brookville E.M.S. #2, to University Hospital in Cincinnati for treatment of injuries sustained in the accident. Deputies believe speed was a factor in the accident.last_img

USC records weekend victories

first_imgThe No. 1 USC men’s volleyball team notched back-to-back wins against No. 15 UC San Diego and No. 7 UC Irvine this weekend.The Trojans beat the UC San Diego Tritons in straight sets with scores of 25-23, 28-26, and 25-23. Although this victory was earned in a sweep, the victory was less-than-decisive.“They beat us to 20 in all three sets,” said USC coach Bill Ferguson. “We managed to turn it on late in each set though.”Senior opposite Murphy Troy led the charge with 11 kills earned at a .417 clip. Troy and freshman libero Henry Cassiday shared the match-high with seven digs.“We weren’t very sharp in any way, shape or form,” Ferguson said. “They had some runs off our errors and stayed in long enough to make it interesting.”UC San Diego senior setter Phil Bannan managed to serve USC out of system for the majority of the match.Despite an uncharacteristically high number of errors from the Trojans, the Tritons managed to hit at only a .181 clip for the match, including .000 in the second set.Senior middle blocker Calvin Ross was expected to be UCSD’s biggest threat, but was held to two kills earned at a -.167 rate.“We forced him into quite a few errors,” Ferguson said. “That’s one of the few places where we executed.”Saturday’s match was competitive from start to finish, finishing with scores of 25-22, 22-25, 25-17, 27-25.The match featured a revamped UC Irvine team (12-10, 9-7). The Anteaters featured a new starting setter in senior Anthony Spittle, and senior outside hitter Jordan DuFault and sophomore libero Will Montgomery returned from injury.“With DuFault, [junior opposite] Carson Clark, and [senior outside hitter] Corey Yoder, Irvine has the best group of pin-hitters in the country after us,” Ferguson said. “And with Spittle running their offense, they’re going to be very fast.”However, DuFault left the match during the first set. Freshman libero Jeremy Dejno filled in with 12 kills.Troy again led the charge with 16 kills. Junior outside hitter Tony Ciarelli added 12 kills, five digs, and four blocks.The Trojans hit .339 to UCI’s .240 for the match.The Anteaters used 6’4” backup outside hitter Kevin Carroll at middle blocker for the match against senior middle blocker Austin Zahn and junior middle blocker Steven Shandrick, who measure in at 6’8” and 6’7” respectively.“Carroll did a good job blocking, especially considering he’s spent only two weeks playing middle blocker,” said senior opposite Murphy Troy. “But, our two middles match up great against anyone in the country.”UC Irvine was riddled with errors, committing 20 service errors to USC’s nine and 27 attacking errors to USC’s 12.After splitting the first two sets, the Trojans got hot in the third, finishing with a .478 hitting percentage.“We show up at the right times,” said senior setter Riley McKibbin. “It’s good to win one in four against them. We’ve got a huge rivalry.”The Trojans’ advantage at middle blocker ended up paying huge dividends at the end of the match.With the match tied at 25-25, senior middle blocker Austin Zahn had a huge kill to give the Trojans the edge in a deuce game.With the Trojans up 26-25 in the fourth and final set, junior middle blocker Steven Shandrick showed up with a huge block to end the match.“As a team, we channeled a lot of energy into the match,” Shandrick said. “Whenever games go that long, it’s great to get that last point. It was awesome. No other way to describe it.”The fiery McKibbin ended the match with a leap onto the scorer’s table to ring in praise from the crowd.“I’m just stoked to win,” McKibbin said. “Not only did we win a really close match, but now we’ve closed out the second 3rd of our season with only one loss.”last_img read more

Attracting investment in Greece

first_img Facebook Twitter: @NeosKosmos Instagram While its economic outlook has recently improved, Greece is still in dire straits: By the end of this year gross domestic product (GDP) will have declined by 25 per cent in cumulative terms and unemployment has already reached more than 27 per cent. And the Greek economy lacks, regardless of the efforts of Greek officials, substantial investments from Greece, the European Union and other countries. It is a well known fact that Greek private investors, who could be the first sponsors of investments, have parked their funds outside Greece and that beyond some individual company decisions (more recently by Hewlett-Packard, software giant SAP and Boehringer Ingelheim pharmaceuticals), foreign investors are similarly reluctant. Many firms have decided, in the recent past, to move their headquarters out of the country or leave altogether – Societe Generale and Carrefour are such examples. In the meantime, the Greek government has been relentlessly stressing that Greece offers good investment prospects. However, calls that are not backed by concrete actions usually tend to fall flat without effect. The fundamental question that should rather be raised is why investors are staying away from Greece. Simply speaking, decisions on where to allocate funds depend on the answer to two questions. First, are there any promising investment opportunities out there – with different levels of innovation (some investors prefer investments containing more innovation and, therefore, more profit opportunities but also more risk, others prefer less)? Second, to what extent is the business environment in the respective country friendly to investments and to innovation so that the invested funds are protected from problems beyond market-related risks and uncertainties? Only if both answers are sufficiently positive will investments into the economy of any country be attracted from locals and even more so from foreigners. Thus, beyond the direct expected payoffs associated with a given investment opportunity, it is crucial to create an environment that allows business plans to be turned into positive cash flows. Greece today has a scattered number of innovative companies and certainly a fair amount of further investment opportunities. But most of them lack capital because the environment for innovation and investments was in bad shape before the economic crisis and still is despite initial reform efforts. For instance, the lack of codification of Greece’s legal framework often adds a substantial burden; lengthy procedures erect barriers to entry and, more importantly, obtaining or extending licences or permits, as well as excessive reporting duties stifle business. In addition, cost-effective ways to protect intellectual property rights are lacking. In 2010, the World Bank’s ‘Ease of Doing Business’ report ranked Greece 109th out of 183 countries, far below any other eurozone economy (with Italy the second lowest at 78th). As the European Commission put it at the time, “the business environment suffers from obstacles to starting a business, the little protection given to investors and the difficulty to access finance”. Some advances have been reported over the last two years. In 2013, according to the World Bank’s ‘Doing Business’ report, Greece rose to 78th place. Some of the recent improvements noted were in the following categories: protecting investors, paying taxes, trading across borders and resolving insolvency. However, entry barriers are still very high for new firms in Greece, its ranking is far below average with respect to ‘starting a business’ (146th place) ‘enforcing contracts’ (78th) and – despite some improvements – with respect to ‘protecting investors’ (117th), thus hindering investors and innovators who are seeking to commercialise their ideas and intellectual property through new businesses ventures in Greece. In this context, it has to be emphasised that it was crucial for the future development of the Greek economy that the current and the previous two governments passed reforms on the business and regulatory environment and on the opening of certain closed-shop professions through parliament. However, it should be clear that there is no room for complacency: without continuous improvement in the business environment, Greek investors, researchers and business owners will continue to leave or stay abroad. Moreover, an efficient set of commercial laws is not only crucial to promoting entrepreneurship and innovation and for introducing innovative products in the Greek economic fabric, it is also important to attracting highly mobile foreign direct investment. International capital, as the critical indicator for a country’s openness to investments, can easily vote with its feet and shy away from Greece, and will allocate its money to other countries where investments are better protected. Declarations of intent are no match for a friendly business environment. Therefore, if they want the initiated reforms to become effective and if they aim to use the entrepreneurial capacities of their fellow Greek citizens in a better way, Greek authorities need to accomplish this process. This means that they need to create a business climate that is conducive to investment, innovation and entrepreneurship, in particular by reducing regulatory burdens. This also means that the Greek government not only has to pass the relevant laws through parliament but also develop an implementation strategy to make the laws effective in everyday business. For instance, administrative efforts for starting, continuing and shutting down entrepreneurial activities need to be substantially reduced. This should include reducing the number of days needed to register a business, the number of bureaucratic steps, as well as the number of regulations, fees and reporting duties. As a benchmark, Greece should aim to implement permanent business registration (without regular renewal) within one day. To become a fast and efficient public administration, Greece must implement state-of-the art online e-administration for all standard businesses, (e.g. registering online new businesses, tax declarations, etc, each within one hour). Bluntly speaking, instead of relaxing on the improvements made from spot 109 to 78, Greece must focus on becoming one of the top 25 economies in the World Bank index when it comes to ease of doing business, just as a couple of other European countries – most recently the Former Yugoslav Republic of Macedonia – succeeded in doing, with first successes becoming obvious. Then entrepreneurs will be interested in transferring their new ideas into marketable products in the Greek economic fabric and not abroad, and foreign direct investment will start in a more substantial way. The Greek minister of development promised to proceed with these necessary reforms at the end of this year – let’s hope that he will succeed. Alexander S. Kritikos is research director at the German Institute for Economic Research (DIW) in Berlin, professor of economics at the University of Potsdam and research fellow of the Institute for the Study of Labour (IZA) in Bonn.last_img read more