General Motors has acquired Specialized Bicycle Components, reports the San Jose Business Journal. The boards of directors of both companies approved the acquisition earlier today. The acquisition is expected to be completed in the third quarter of 2008 pending regulatory approval in the US, Canada and Europe. Terms of the all-share acquisition from Specialized Founder and President Mike Sinyard and Merida of Taiwan were not disclosed.

The deal does not include GM acquiring any of the 19 Specialized Concept Stores, a retail formula launched in 2006. All Specialized Concept Stores are independently owned.

Read the rest at BikeBiz.com.

Shortly before 7:30 p.m., the New York City Council approved a measure urging state lawmakers to vote in favor of Mayor Michael R. Bloomberg’s congestion pricing proposal. The vote was 30 to 20, with one member absent. Mayor Bloomberg immediately scheduled a news conference for later this evening with the Council speaker, Christine C. Quinn, to celebrate the passing of his plan, which has left city and state lawmakers sharply divided.

At the City Hall news conference, the mayor called the vote “the result of a lengthy democratic process,” and declared, “The people of New York City have spoken.” Ms. Quinn said that of the 30 yes votes, 20 were from outside Manhattan — signaling support for the proposal in the other boroughs, where opponents have been focusing their organizing efforts.

Read the rest in The New York Times.

Shortly before 7:30 p.m., the New York City Council approved a measure urging state lawmakers to vote in favor of Mayor Michael R. Bloomberg’s congestion pricing proposal. The vote was 30 to 20, with one member absent. Mayor Bloomberg immediately scheduled a news conference for later this evening with the Council speaker, Christine C. Quinn, to celebrate the passing of his plan, which has left city and state lawmakers sharply divided.

At the City Hall news conference, the mayor called the vote “the result of a lengthy democratic process,” and declared, “The people of New York City have spoken.” Ms. Quinn said that of the 30 yes votes, 20 were from outside Manhattan — signaling support for the proposal in the other boroughs, where opponents have been focusing their organizing efforts.

Read the rest in The New York Times.

General Motors has acquired Specialized Bicycle Components, reports the San Jose Business Journal. The boards of directors of both companies approved the acquisition earlier today. The acquisition is expected to be completed in the third quarter of 2008 pending regulatory approval in the US, Canada and Europe. Terms of the all-share acquisition from Specialized Founder and President Mike Sinyard and Merida of Taiwan were not disclosed.

The deal does not include GM acquiring any of the 19 Specialized Concept Stores, a retail formula launched in 2006. All Specialized Concept Stores are independently owned.

Read the rest at BikeBiz.com.


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© Rick Smith | YehudaMoon.com

From The Bike-O-Sphere

In The News

Genius!

Our union’s local office is in Saratoga Springs, about 45 minutes north of Albany by car. Since most of my shops are in downtown Albany, and that’s also where I live, I do all my office work at home.

This morning, I took a break to run to the credit union and the grocery store. It’s pouring rain outside, so I looked up the nearest branch of my credit union to see if there was one closer than the one I usually go to. I found a very convenient branch about a mile from my house on New Scotland Road. Better yet, it was in a Price Chopper plaza, so I could pick up the few items I needed at the same time. Perfect!

I donned my gear — not rain gear, mind you, because I don’t have any — and headed off via my Google Maps directions. I turned from Lake onto New Scotland and rode north for a while. Hmmm … that’s odd … no bank and no store. As a matter of I fact, I couldn’t recall ever seeing a grocery store on this stretch of New Scotland before.

So I turned around a rode south for a while. Back past Lake and down toward the Albany Medical Center. I’d never seen a grocery store here, either, but did that stop me? Pish!

After several minutes of this, I — wait for it — turned around and rode north again. This time I rode up New Scotland all the way to South Main, which is the street off which my street runs. Of course, I saw no bank and no store.

Soaking wet, mission completely unaccomplished, I went back home and looked at the Google Map. There it was, plain as day. So I went to the credit union’s site again and looked at the address. Turns out there are two 1395 “New Scotland” addresses. One is New Scotland Avenue (about a mile from my house) and one is New Scotland Road, about 4 miles away and, of course, home of the bank and grocery store.

Need navigation help? I’m your man!

Ride of Silence (Comments: 0)

Author:
Date: 30 March, 2008
Category: Events

Join fellow cyclists around the world to commemorate bikers killed while riding. The Albany route will pass three ghost bikes. For more information, visit the Ride of Silence site.

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