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Alabama 823 articles

ATV or ORV?

There appears to be some debate about classifying vehicles such as the Yamaha Rhino as an Off Road Vehicle (ORV), sometimes also called Off Highway Vehicle (OHV), versus an All Terrain Vehicle (ATV). While ATVs are also classified as ORVs or OHVs, because they are designed to be operated off standard asphalt highway surfaces, not all OHVs can be called ATVs, according to a story recently published in The Northern Times, serving Kapuskasing, Ontario, Canada. According to the story, Rhino operators are discovering that side-by-side off-road vehicles such as theirs are technically classified as ORVs, which may be subject to ... Read More

CountryMark Losses

In February, the Indianapolis Business Journal reported one of its locally based companies, CountryMark Cooperative, was joining the lawsuit against Morgan Keegan, which it says fraudulently invested funds in high-risk mortgaged-based securities. CountryMark alleges misrepresentation of funds, saying Morgan Keegan presented its investment portfolio as low-risk. According to the report, Morgan Keegan directed the farmer-owned co-op toward a $10 million investment in mortgage-backed securities, including subprime. CountryMark purchased the note on Aug. 10, 2007. Seven days later, ratings agencies downgraded the A+-rated investment to junk status and it remains in default. CountryMark is suing Memphis-based Morgan Keegan, a division of ... Read More

Alabama Among Worst

A review of the nation’s nursing home inspection reports by the Congressional Government Accountability Office (GAO) lists Alabama among nine states with the worst records of nursing home inspection accuracy, saying inspectors missed serious problems in more than 25 percent of all inspections from 2002-2007. The report said most states still fared dismally, missing at least one serious deficiency in 15 percent of all inspections. Other states on the “worst reporting” list are Arizona, Missouri, New Mexico, Oklahoma, South Carolina and South Dakota. Results of the report were published in the New York Times May 15, which says the study ... Read More