London Police Investigate Possible Hazmat Situation

MGN Online

(WYMT) – The Laurel County Sheriff’s Office issued a travel advisory Tuesday afternoon for East 4th street and Tobacco Road in London, after reports of an explosion and dangerous vapors in the area. Police are asking drivers to avoid the area until a hazmat team arrives on scene to investigate. The Laurel County Emergency Management Director is traveling from Somerset to examine two barrels found in a reported stolen trailer hooked up to a pickup. After being tipped off, Laurel County Deputies were able to arrest one suspect for possession of the stolen trailer. Deputies tell us they recognized the driver as a wanted suspect and took him into custody during a traffic stop. We’re told that’s when deputies noticed an odor coming from the trailer. Inside they found two barrels of a chemical they have tentatively identified as a resin solution. We’re told the solution is highly flammable and the vapors can be hazardous. Police tell us they are not sure if the containers are leaking. Police have blocked off all roads in the east London area. Pike judge executive wants federal help for struggling economy

COLUMN-Foxtons, the London bubble stock: James Saft

NOT A NORMAL UNIVERSE In a normal universe you would expect it to end there – bad loans and bad policies are followed by a crash and lenders mop things up. But we don’t live in a normal universe. British and global monetary policy has been kept exceptionally loose since the crash, at least in part to support asset values. At the same time, while parts of financial services in Britain have been hard hit, a failure globally to adequately regulate the industry means it remains huge in relation to the rest of the British economy. Britain seems unable, politically or otherwise, to wean itself from its addiction to property price gains. Exhibit A is the government’s Help to Buy scheme, under which the state subsidizes mortgages by guaranteeing a portion to the bank, allowing borrowers to buy houses with as little as 5 percent down. That’s active for new properties now and will shortly be allowed for existing homes. Sound like state-sponsored subprime lending to you? Nice for banks and older property owners who can cash out, but not so good for ordinary people trying to buy ordinary houses on ordinary salaries. All this has also not been great for Britain, as is shown by the fact the economy has even now only clawed back about half the 7.2 percent of output it lost in the crash. It has however, been fantastic for London property prices, and by extension for real estate agents in general and Foxtons in specific. Prices in London are now 6 percent above their pre-crash peak and are rising at the fastest rate in nearly seven years. For Foxtons it has been a wild ride.

London High Rents Seen Pushing Developers to Fringe

American Express Co., Google Inc. and Microsoft Corp. already occupy modern buildings in Victoria near strips of offices built nearly half a century ago mostly to accommodate government bureaucrats. Land Securities is tearing down 1960s-and 1970s-era buildings to create the type of space companies desire these days, Fenn-Smith said. Land Securities plans are going to completely change the perception of Victoria from a tenants perspective, Blackstones Lock said. Thames Views Blackstone sees an opportunity in the Adelphi Building on the Strand, a street known for theaters and its proximity to Trafalgar Square. Its seeking at least 55 pounds a square foot for the lower three floors and more on higher levels of the 13-story tower overlooking the River Thames. The New York-based firm, the biggest manager of private-equity property funds, plans to spend 25 million pounds refurbishing the Adelphi to attract tenants whose leases are expiring in Mayfair and St. Jamess. Its also trying to get technology, media and telecommunications companies looking for bigger spaces, according to Lock, who leads Blackstones U.K. real estate purchases. Offices at nearby Soho Square, a favorite of technology and media companies like Twenty-First Century Fox Inc., go for 65 pounds a square foot, according to Lock.

Terry Bradshaw on NFL in London: ‘Nobody cares about that game’

“Nobody cares anything about that game,” he continued. “The players don’t want to go. You can’t enjoy it. Now preseason, OK, have some fun. It’s regular season, so yeah, I don’t get it — never will.” Actually, Bradshaw does get it (even if he’s wrong about a team eventually relocating there). He said so himself. “It’s all about money, buddy,” he admitted. “It’s all about money.” Yeah, it is. That’s how billion-dollar corporations work, and it’s why Goodell is trying to sell the game internationally. “Well, why don’t you go where there’s more people?” Bradshaw asked. “Let’s go to China.