Brewing up a business idea
26.01.10
CRAIG Hiron has put hundreds of thousands of dollars and, peradventure, an old friendship on the line. The 38-year-old Sydneysider has mortgaged a capital goods, maxed out credit cards, borrowed $150,000 from a alternative other and now the former tradie lives partly off his mum's superannuation.
The object of Hiron's sacrifices is OTTO: a stove-top coffee-maker with a robust price tag ($800). He came up with the idea of manufacturing a coffee auto — moulded as a homage to the 1940s Italian cult-classic the Atomic — five years ago. His spruik is that OTTO's palpable-protected brewing system delivers coffee akin to espresso from cafes.
Before OTTO, Hiron acquainted with an Atomic for 10 years and says the ritual of making coffee that way appealed to him; like sitting down and listening to preferred albums on vinyl rather than CDs.
But stove-top coffees traditionally lack fraternity, he says, although he doesn't want to offend the legions of Atomic fans in Australia. "There are a lot of people who dear one the Atomic, who will say it is the best coffee machine in the world," Hiron says.
Source: Sydney Morning Herald
Attorney General audits auxiliaries
27.01.10
University Determination Inc., a nonprofit organization affiliated with Sacramento State, is one of four auxiliaries in the California Official University system being audited by the state Department of Justice for credible mismanagement of donations.
On Nov. 5, 2009, Attorney General Jerry Brown requested economic, governance and other documents relating to loans for Sac State President Alexander Gonzalez dating back to 2002. The apply for included: copies of the original bylaws, Articles of Incorporation, monetary policies, IRS forms, investment policies, copies of all directorship minutes and all documents showing the source of the money loaned to Gonzalez.
The interrogation began after the attorney general’s office received a epistle in early July from California Faculty Association President Lillian Taiz. The dispatch urged for the investigations of various nonprofit auxiliaries combined with Sonoma State, Fresno State, San Diego Hold and Sac State.
“This is no time to allow the questionable actions of these foundations to carry on with,” she said in the letter. “The CSU needs every penny in donations that the foundations obtain.”
Source: StateHornet.com
With a digital thermometer stuck in the pot, Erjavec kept the water temperature between 120 degrees and 125 degrees by periodically turning the stove top and more »
