Japanese Officials Visit EPB in Chattanooga
EPB recently played host to a group of Japanese representatives of Nippon Telegraph & Telephone Corporation East. The company is Japan’s premier provider of phone, television and Internet services.
The delegation met with EPB’s team that led the design and construction of our Smart Grid. As NTT-East continues rebuilding it’s legacy and fiber optic networks following the 2011 earthquake and tsunami, engineers wanted to see first-hand how the Chattanooga community took advantage of the latest fiber optic technologies.
The magnitude 9 earthquake and resulting tsunami of March 11, 2011 was the worst natural disaster to strike a developed country in modern history. More than 15,000 lives were lost and more than 100,000 buildings were destroyed. Electric power distribution and communication systems in northeastern Japan were left in ruins.
But the resiliency of the Japanese people was amazing. Most services were restored within 50 days. As Japan continues rebuilding it’s communities and core infrastructure engineers with NTT-East want to ensure their systems will be compatible with future demands and technologies.
While learning how EPB’s team integrated multiple platforms of communication with a fiber optic Smart Grid, the Japanese delegation said they were most impressed with EPB’s management style, which is “horizontally” structured. That means boundaries between EPB’s departments and managers are erased as people work together to achieve common goals.
“It’s an all-hands on deck approach,” EPB President and CEO Harold DePriest said. “You can’t solve problems just with automation, you need people in work groups who are collaborative and work as a team with boundaries removed.”
The Japanese delegation’s visit included time spent at EPB’s new operations center to see first-hand how EPB technicians work to install fiber optic services in homes and businesses. They said they were truly impressed with EPB’s commitment to customer service and satisfaction. Equally impressive was to see how EPB Fiber Optics can deliver one-gigabit Internet service to all of it’s more than 170,000 customers in it’s 600 square mile service area.
The NTT-East team included Mr. Gaku Yamda, Manager of Core Network Center, Network Business HQ; Mr. Junichi Kagesawa, Assistant Manager of Service Management and Network Technology Core Network Center; and Ms. Sayaka Sekiya, Assistant Manager of Service Management and Network Operation Core Network Center.
The NTT-East delegation will make its presentation on what it learned from EPB to senior management in Japan in March.
The NTT-East team is the latest international group to visit Chattanooga and EPB. The growing list includes representatives from Ireland, Israel, Denmark and Columbia.
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Last Update on March 30, 2015 07:27 GMT
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) -- It's all about the consumer and housing early this week.
Today, the Commerce Department will release personal income and spending for February and the National Association of Realtors will report on pending home sales index for February.
On Tuesday, Standard & Poor's will issue the S&P/Case-Shiller index of home prices for January and the Conference Board will release the Consumer Confidence Index for March.
NABE ECONOMIC FORECAST
WASHINGTON (AP) -- A new survey finds economists are expecting much stronger growth this year and next.
The National Association for Business Economics survey finds' a median forecast of 3.1 percent growth in real gross domestic product in 2015, compared a 2.4 percent gain in real GDP last year.
NABE President John Silvia, who's also the chief economist of Wells Fargo, says there's promising news for jobs too. The panelists' median forecast is for net job creation to average approximately 250,000 per month in 2015 and 216,000 per month next year. NABE says the unemployment rate is expected to continue its downward trend over the next several quarters, reaching 5 percent by the second half of 2016.
As for what the Federal Reserve will do, Silva says 88 percent of the panelists believe the Fed will start tightening monetary policy in the second or third quarter of 2015.
AUTO SHOW-LINCOLN CONTINENTAL
DEARBORN, Mich. (AP) -- Elvis Presley had one. So did presidents from Kennedy to Reagan.
Now, the Lincoln Continental is back.
Ford Motor Co. is resurrecting the Continental with a concept car debuting at this week's New York Auto Show. The full-size sedan goes on sale next year.
The Continental dates to the late 1930s and was once the pinnacle of luxury. But Ford stopped producing it in 2002 when sales slowed.
Now, it's returning the Continental to the top of Lincoln's car lineup. The concept car has a new, smaller grille and a more elegant look. It also has new technology, including hidden door handles.
Ford hopes to take advantage of luxury sales growth in China, where customers appreciate Lincoln's history. It's opening more than 20 Lincoln dealerships in China this year.
CANBERRA, Australia (AP) -- Australia has announced that it will join negotiations to establish a new a Chinese-led Asian regional bank.
The U.S. has expressed concern the new Asian Infrastructure Investment Bank, or AIIB, will allow looser lending standards for the environment, labor rights and financial transparency. The U.S. also worries the new bank will undercut the World Bank, where the U.S. has the most clout, and the Asian Development Bank, where it is the second-largest shareholder after Japan.
Prime Minister Tony Abbott, Foreign Minister Julie Bishop and Treasurer Joe Hockey said in a joint statement on Sunday that the government will sign a memorandum of understanding that will allow Australia to participate as a prospective founding member in negotiations to set up the bank.
RALEIGH, N.C. (AP) -- Duke Energy's CEO is paying a price for a massive spill of collected coal ash that coated 70 miles of a North Carolina river in sludge containing toxic heavy metals.
An annual statement released ahead of the Charlotte-based company's May shareholder meeting says Chief Executive Officer Lynn Good's $8.3 million compensation in 2014 was cut by about $600,000. The top financial officer and three other executives saw similar 35 percent reductions in compensation tied to annual performance.
Directors of the country's largest electric company said in the company proxy statement released this week that the executives were docked because the spill will cost Duke Energy more than $190 million in cleanup, legal fees, and fines to settle a pending criminal case involving Clean Water Act violations.
LONDON (AP) -- Britain says it will become the first country to offer all babies a vaccine for potentially fatal meningitis B after it reached a price deal with GlaxoSmithKline PLC.
Government health advisers recommended use of the Bexsero vaccine last year, and the government has spent months negotiating over the cost.
The drug was owned by Novartis, which recently sold most of its vaccines business to GlaxoSmithKline.
Health Secretary Jeremy Hunt said Sunday he was "very proud that we will be the first country in the world to have a nationwide Men B vaccination program."
Babies will receive the vaccine at two months, followed by two further doses.
Meningitis is a bacterial infection of the lining surrounding the brain and spinal cord that most commonly affects children and teenagers.
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