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Survey: Strong Rentals and Equipment Acquisitions
According to Wells Fargo Equipment Finance's 2015 Construction Industry Forecast, contractors and equipment distributors remain optimistic regarding the prospects of local, nonresidential construction activity this year and respondents expect a strong rental market and increasing equipment acquisitions. The survey uses an Optimism Quotient (OQ) as its primary benchmark for measuring construction industry contractor and equipment distributor sentiment. This year's OQ reached an historic high of 130, up six points from 124 in 2014 and up considerably from the survey low of 42 in 2009.
This year's increase in the OQ marks the third time in four years that it has reached a new high, which signals confidence that growth has been accelerating over that time.
The positive survey results were seen as particularly good news considering that they coincided with a period of sharp decline in crude oil prices at the beginning of 2015. According to John Crum, senior vice president and national sales manager of the Construction Group at Wells Fargo Equipment Finance, “We thought the predictions of lower capital expenditure related to construction in the energy sector might impact more of our survey population and dampen enthusiasm about the year ahead, yet contractors and equipment distributors indicated that the trajectory of the broader construction industry is still going in the right direction: up.”
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?