For the second year in a row, the White House budget request eliminates the federal investment in career and technical education authorized by the Carl D. Perkins Vocational and Technical Education Act. The Association for Career and Technical Education (ACTE) and the National Association of State Directors of Career Technical Education Consortium (NASDCTEc) expressed disappointment with President Bush's budget request and will work with the Congress and administration to seek restoration of Perkins funds during the appropriations process.
The Lazarus bill - AB 303 - appears to be making a miraculous recovery. Last month, the legislation was declared to be on life support, alive in committee as a technicality for "emergency purposes" only. Despite new statements to the contrary, there is still no written documentation regarding the renewed status of the legislation.
At first glance, it's hard to fathom what Eliyahu Goldratt, a 58-year-old Israel-born physicist, has to offer the collision industry. But more than 20 years after Goldratt authored (along with Jeff Cox) a "business novel" entitled "The Goal," his theory of process improvement is increasingly being discussed within many shop "20 groups" and implemented by a growing number of collision repair businesses.
Results are in for LKQ Corporation's (Nasdaq: LKQX) fourth quarter and year ended December 31, 2005, with revenue of $143.9 million for the quarter and $547.4 million for the year. Net income was $8.3 million for the quarter and $30.9 million for the year, representing growth over 2004 of approximately 64% and 50%, respectively.
The U.S. District Court, Northern District of Texas, has issued a long-awaited opinion on the Texas insurer-owned shop law. HB 1131 put a halt to insurer-owned shops in the state of Texas. Texas state Senator John Carona along with a strong grassroots effort on the part of collision repairers across the state assured the passage of the bill in June 2003.
Yohannes "John" Mesfine feels like he has been through hell and back - compliments of the California Department of Insurance (DOI) and the San Mateo County DA's office. Mesfine, owner of Mesfine Auto Body & Paint in Redwood City, California, was arrested in February 2005 and charged with insurance fraud in a sting operation run by the Department of Insurance.
The second shoe has finally dropped in the saga of AB 303 - legislation that would allow insurance programs like Progressive's "Concierge" to "step into the shoes of the insured." Amendments have been issued by the proponents of the bill to address the complaints made during the Senate Banking, Finance and Insurance Committee hearing last year.
California State Senator Jackie Speier (D-San Francisco) introduced last month SB 1492, groundbreaking legislation that would make the Bureau of Automotive Repair (BAR) responsible for conducting an annual survey of body shop labor rates for the purpose of establishing prevailing rates in different parts of the state.
The U.S. Supreme Court denied the petition of Michael E. Avery, et al in their suit against State Farm Mutual Automobile Insurance Co. After almost 10 years of dueling between Avery, et al and State Farm, the U.S. Supreme Court put an end to the national aftermarket parts class action lawsuit March 6.