Boston-based Liberty Mutual to bring 5,000 jobs to new campus in Dallas suburb of Plano

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PLANO, Texas Liberty Mutual Insurance expects to have 5,000 employees working at its new campus in the Dallas suburb of Plano by the end of 2017.

The nation's third-largest insurer told employees Tuesday about the new campus, the Dallas Morning News (http://bit.ly/1a2tPZr ) reported.

Liberty Mutual vice president John Cusolito said that while the company's headquarters will stay in Boston, the new Plano campus will consolidate a variety of operations now located around the country.

"We are reviewing which nearby operations will bring the most sense to bring onto this campus," he said.

The new campus will be built in the $2 billion Legacy West development, which is under construction. Toyota Motor Co. is building its new North American headquarters there, and FedEx Office is building its new national headquarters there as well. Between the three major companies, almost 12,000 jobs will be located in the area.

Along with the office space, the 240-acre Legacy West project includes hundreds of new apartments and homes, retail space, restaurants and a luxury hotel.

The first of FedEx's workers will move into its new building later this year. Toyota will start occupying its campus, which is under construction, in 2017.

Liberty Mutual will begin moving workers in January to Plano, where it has rented temporary office space. The company has more than 50,000 employees and operations in 30 countries.

Along with its home office in Boston, Liberty Mutual also has a large concentration of between 4,000 and 5,000 employees at facilities in New Hampshire.

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Boston-based Liberty Mutual to bring 5,000 jobs to new campus in Dallas suburb of Plano

Liberty Tire Recycling completes restructuring

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April 7, 2015 5:33 PM Share with others:

By Braden Kelner / Pittsburgh Post-Gazette

Liberty Tire Recycling Holdco said today that it has completed a restructuring with stakeholders to reduce its outstanding debt by $50 million.

The tire collection and reuse company, with headquarters in the Strip District, said in a news release that it now has additional capital provided by investment advisers such as Third Avenue Management, Redwood Capital Management and Knighthead Capital Management.

Almost all of the companys bondholders agreed to exchange their unsecured notes for a combination of second lien notes and equity in the company, according to the release.

In the third quarter of 2014, lenders halted access to a $75 million revolving credit line after Liberty Tire breached the terms of the loan, according to Standard and Poors. The tire recycling company in December obtained a $10.1 million loan to fund its daily operations before the restructuring.

Liberty Tire, founded in 2000, reclaims tires to be used in products such as mulch, crumb rubber and even fuel. It owns about 30 collection and remediation facilities in the U.S. and Canada, as well as a number of production facilities, including one in Braddock. At the facilities, it reclaims 1.59 billion pounds of rubber from over 141 million tires each year.

Braden Kelner: bkelner@post-gazette.com or 412-263-1969.

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Liberty Tire Recycling completes restructuring

Liberty Tire Recycling Completes Financial Restructuring

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PITTSBURGH, April 7, 2015 /PRNewswire/ --Liberty Tire Recycling Holdco, LLC and its subsidiaries announced today that on March 5, 2015, the Company completed its financial restructuring, which de-levered the Company's balance sheet and facilitated the infusion of new capital into the Company. With its new capital structure, Liberty Tire has a strong balance sheet and the flexibility and liquidity to continue to make significant capital investments and to capitalize on new market opportunities.

As a result of the transaction, Liberty Tire has reduced its outstanding debt securities by $50million and significantly reduced its annual cash interest expense. The Company now has access to additional capital through loans provided by funds and accounts managed by Third Avenue Management LLC, Redwood Capital Management, LLC and Knighthead Capital Management, LLC, among others.

The transaction was implemented through a successful exchange offer launched on February 17, 2015, whereby almost 100% of Liberty Tire's existing bondholders agreed to exchange their unsecured notes for $175 million of 11% second lien notes and equity in Liberty Tire.

"With our restructuring completed, we now have the foundation in place for Liberty to achieve strong and steady growth," said Bill Fry, president and chief executive officer. "We appreciate the service of our previous board of directors, and look forward to great things with our new equity holders and new board of directors."

Thomas Womble, chief operating officer, said, "Our completed restructuring provides us greater financial flexibility and stronger growth opportunities. We are excited to forge ahead and are thankful for the ongoing support of our valued partners, suppliers and customers."

About Liberty Tire Recycling

Liberty Tire Recycling is the premier provider of tire recycling services in North America. By recycling more than 141 million tires annually, Liberty Tire reclaims about 1.59 billion pounds of rubber for innovative, eco-friendly products. The recycled rubber produced by Liberty Tire is used as crumb rubber and industrial feedstock for molded products; as tire-derived fuel for industrial kilns, mills and power plants; and as rubber mulch for landscaping and playgrounds. The company maintains a North American network of processing plants, and comprehensive door-to-door collection services. Liberty Tire Recycling is headquartered in Pittsburgh, Pa. For more information, please visit http://www.libertytire.com.

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Liberty Tire Recycling Completes Financial Restructuring

Rand Paul: 'I'm putting myself forward as a candidate for president'

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Since riding the tea party wave into the Senate in 2010, Paul has carefully built a brand of mainstream libertarianism -- dogged advocacy of civil liberties combined with an anti-interventionist foreign policy and general support for family values -- that he bets will create a coalition of younger voters and traditional Republicans to usher him into the White House.

The test of that theory began Tuesday when the Kentucky senator made official what has been clear for years: He's running for president.

"Today I announce with God's help, with the help of liberty lovers everywhere, that I'm putting myself forward as a candidate for president of the United States of America," Paul said at a rally in Louisville.

Paul immediately hit the campaign trail for a four-day swing through New Hampshire, South Carolina, Iowa and Nevada -- the states that traditionally vote first in the primaries and caucuses.

A poster from the Rand Paul for President campaign.

READ: Can Rand Paul escape his father's shadow?

In his speech, he called for reforming Washington by pushing for term limits and a constitutional amendment to balance the budget. He argued that both parties are to blame for the rising debt, saying it doubled under a Republican administration and tripled under Obama.

"Government should be restrained and freedom should be maximized," he said.

The line-up of speakers who introduced Paul sought to paint the senator as a nontraditional candidate with diverse appeal, and by the time he got on stage, he was the first white man to address the crowd.

The speakers included J.C. Watts, a former congressman who's African-American; state Sen. Ralph Alvarado, who's Hispanic; local pastor Jerry Stephenson, who's African American and a former Democrat; and University of Kentucky student Lauren Bosler.

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Rand Paul: 'I'm putting myself forward as a candidate for president'

Rand Paul launches presidential campaign

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For Rand Paul, it's all led to this moment.

Since riding the tea party wave into the Senate in 2010, Paul has carefully built a brand of mainstream libertarianism -- dogged advocacy of civil liberties combined with an anti-interventionist foreign policy and general support for family values -- that he bets will create a coalition of younger voters and traditional Republicans to usher him into the White House.

The test of that theory began Tuesday when the Kentucky senator made official what has been clear for years: He's running for president.

"Today I announce with God's help, with the help of liberty lovers everywhere, that I'm putting myself forward as a candidate for president of the United States of America," Paul said at a rally in Louisville.

Paul immediately hit the campaign trail for a four-day swing through New Hampshire, South Carolina, Iowa and Nevada -- the states that traditionally vote first in the primaries and caucuses.

In his speech, he called for reforming Washington by pushing for term limits and a constitutional amendment to balance the budget. He argued that both parties are to blame for the rising debt, saying it doubled under a Republican administration and tripled under Obama.

"Government should be restrained and freedom should be maximized," he said.

The line-up of speakers who introduced Paul sought to paint the senator as a nontraditional candidate with diverse appeal, and by the time he got on stage, he was the first white man to address the crowd.

The speakers included J.C. Watts, a former congressman who's African-American; state Sen. Ralph Alvarado, who's Hispanic; local pastor Jerry Stephenson, who's African American and a former Democrat; and University of Kentucky student Lauren Bosler.

"He goes everywhere. It doesn't matter what color you are. Rand Paul will be there," Stephenson said, firing up the crowd.

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Rand Paul launches presidential campaign

Kentucky senator announces plans during rally

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LOUISVILLE, Kentucky (CNN) -

For Rand Paul, it's all led to this moment.

Since riding the tea party wave into the Senate in 2010, Paul has carefully built a brand of mainstream libertarianism -- dogged advocacy of civil liberties combined with an anti-interventionist foreign policy and general support for family values -- that he bets will create a coalition of younger voters and traditional Republicans to usher him into the White House.

The test of that theory began Tuesday when the Kentucky senator made official what has been clear for years: He's running for president.

"Today I announce with God's help, with the help of liberty lovers everywhere, that I'm putting myself forward as a candidate for president of the United States of America," Paul said at a rally in Louisville.

Paul immediately hit the campaign trail for a four-day swing through New Hampshire, South Carolina, Iowa and Nevada -- the states that traditionally vote first in the primaries and caucuses.

In his speech, he called for reforming Washington by pushing for term limits and a constitutional amendment to balance the budget. He argued that both parties are to blame for the rising debt, saying it doubled under a Republican administration and tripled under Obama.

"Government should be restrained and freedom should be maximized," he said.

The line-up of speakers who introduced Paul sought to paint the senator as a nontraditional candidate with diverse appeal, and by the time he got on stage, he was the first white man to address the crowd.

The speakers included J.C. Watts, a former congressman who's African-American; state Sen. Ralph Alvarado, who's Hispanic; local pastor Jerry Stephenson, who's African American and a former Democrat; and University of Kentucky student Lauren Bosler.

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Kentucky senator announces plans during rally

Rand Paul: 'I will run for president'

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CERN restarts 'Big Bang' Hadron Collider

Kenyan survivors recount university attack

Stunning views of Earth from space

UN seeking consensus on Yemen resolution

Castro in public for first time in over a year

RAW VIDEO: US Senator Rand Paul launches his 2016 presidential campaign with a combative address against both Washington and his fellow Republicans, declaring "we have come to take our country back."

Washington: As supporters cheered and waved banners reading "Defeat the Washington Machine", Rand Paul, a senator and son of a congressman and presidential candidate, announced his own candidacy for the Republican nomination for the White House at a rally in Kentucky on Monday.

Despite his long and powerful ties to the capital and its politics, Senator Paul insisted he would be an outsider candidate.

Senator Rand Paul, in Kentucky on Tuesday, announces he would like to be president of the US. Photo: AP

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Rand Paul: 'I will run for president'

Rand Paul: 'Outsider' candidate running for US president

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Video will begin in 5 seconds.

CERN restarts 'Big Bang' Hadron Collider

Kenyan survivors recount university attack

Stunning views of Earth from space

UN seeking consensus on Yemen resolution

Castro in public for first time in over a year

RAW VIDEO: US Senator Rand Paul launches his 2016 presidential campaign with a combative address against both Washington and his fellow Republicans, declaring "we have come to take our country back."

Washington: As supporters cheered and waved banners reading "Defeat the Washington Machine", Rand Paul, a senator and son of a congressman and presidential candidate, announced his own candidacy for the Republican nomination for the White House at a rally in Kentucky on Monday.

Despite his long and powerful ties to the capital and its politics, Senator Paul insisted he would be an outsider candidate.

Senator Rand Paul, in Kentucky on Tuesday, announces he would like to be president of the US. Photo: AP

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Rand Paul: 'Outsider' candidate running for US president

Anarchast Ep. 205 Avens OBrien: Libertarian Love and Loneliness! – Video

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Anarchast Ep. 205 Avens OBrien: Libertarian Love and Loneliness!
Jeff interviews Libertarian blogger and social media activist Avens O #39;Brien, topics include: the NAP - what else is there?, feeling alone in a minority, a beautiful break up, being an excellent...

By: TheAnarchast

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Anarchast Ep. 205 Avens OBrien: Libertarian Love and Loneliness! - Video

Can Libertarian-Leaning Rand Paul Really Win the GOP Nomination?

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Sen. Rand Paul has officially announced hes running for president. But can a libertarian-leaning candidate win the Republican nomination and ultimately the presidency?

In a political world dominated by the liberal-conservative divide, there are many doubters. But theres growing evidence that Paul can broaden the Republican base and appeal to the broad center of the electorate.

The Republican base may be divided into establishment, tea party, Christian right, and libertarian wings. Paul starts out with a strong base in the libertarian wing, which gave his father, Rep. Ron Paul, 21 percent of the Iowa caucus vote and 23 percent of the New Hampshire primary in 2012. With his strong opposition to taxes and spending and his book The Tea Party Goes to Washington, hes also well positioned for the tea party vote. His pro-life views will make him acceptable to religious conservatives as the field narrows.

Rand Paul is trying something different in a Republican presidential race.

The wild card may be who can attract voters who dont usually vote in Republican primaries. Pauls stands on military intervention, marijuana, criminal justice reform, and the surveillance state give him a good shot at getting independents and young people to come out for him.

The race could come down to former Florida governor Jeb Bush as the establishment candidate against the last standing insurgent candidate, and Paul is, as pundit Peter Beinart wrote recently, as bold as any reformist in the race.

Political observers usually talk about liberals, conservatives, and moderates. But not all voters fit into those boxes. Every year Gallup divides the public into liberal, conservative, libertarian, and populist. In the 2014 survey the firm classified 27 percent of respondents as conservative and 24 percent as libertarian. Paul has the libertarian field all to himself.

Indeed, a 2006 Zogby poll for the Cato Institute asked respondents, Would you describe yourself as fiscally conservative and socially liberal? Fully 59 percent said yes, and only 27 percent said no. Thats a huge untapped market for a candidate who can cut across red-blue barriers.

Events of the past few years have pushed voters in a libertarian direction, causing some observers to talk about a libertarian moment in American politics. The financial crisis, the Wall Street bailouts, the $18 trillion national debt, and Obamacare created the tea party. The revelations about spying and surveillance since 2013 have caused grave concerns about privacy. Less traumatically, growing support for gay marriage and marijuana legalization shows the strength of libertarian attitudes in a country founded on the inalienable rights of life, liberty, and the pursuit of happiness.

The small band of neoconservatives who dominate conservative punditry have tried to ignore or dismiss Pauls chances on the grounds that his mildly non-interventionist foreign policy will make him unacceptable to Republican voters. They need to read more polls. Last June 75 percent of Americans, and 63 percent of Republicans, told CBS News/New York Times pollsters that the Iraq war wasnt worth the costs. Seventy percent of Republicans opposed military action in Syria. A massive Pew Research Center survey in December 2013 found that 52 percent of respondents, the highest number ever, said the United States should mind its own business internationally and let other countries get along the best they can on their own.

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Can Libertarian-Leaning Rand Paul Really Win the GOP Nomination?

Rand Paul enters 2016 US presidential race with battle cry to take America back

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Rand Paul greets supporters after speaking at the Galt House Hotel in Louisville, Kentucky, yesterday. Photograph: William DeShazer/New York Times

Republican Rand Paul, the libertarian conservative senator, has declared a plan to take America back from an unpopular Washington establishment in announcing his candidacy for the presidency in 2016.

In a speech to a hotel ballroom full of raucous supporters in Louisville in his home state of Kentucky, the first-term senator set out a vision to appeal to a coalition of civil libertarians, fiscal conservatives and anti-war proponents on the fringe of the Republican Party.

Tapping the unpopularity of Washington by railing against the special interests of the political establishment and big government, Paul painted himself as an outsider, blaming Republicans and Democrats for the problems in the US.

The Christian senator took the stage at the Galt House hotel on the banks of the Ohio River to the strains of 1970s rock music and stood before a campaign banner slogan: Defeat the Washington machine; unleash the American dream.

The anti-establishment senator, a household political name since his nearly 13-hour filibuster in the US Senate about drone attacks on American citizens in 2013, is the second Republican to declare his candidacy, following another freshman senator, Ted Cruz of Texas.

Paul (52), a former ophthalmologist, will benefit from a base built by his father, Ron (79), the former Texas congressman who ran for the presidency three times and electrified a well-organised grassroots network of young libertarians, many of whom were new to politics.

Those supporters, who backed Ron Pauls isolationist foreign policy, have been less easy with the younger Paul, who has generally opposed military intervention but who said last year that war was a last resort and recently proposed a $190 billion (175 billion) increase in defence spending.

Entering the presidential race early, with 580 days to election day, Paul sought to challenge the perception that he is isolationist on foreign policy or weak-kneed on national security. He said: Conservatives should not succumb to the notion that a government inept at home will somehow succeed at building nations abroad.

I envision an America with a national defence unparalleled, undefeatable and unencumbered by overseas nation-building.

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Rand Paul enters 2016 US presidential race with battle cry to take America back