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Lancaster to anchor new paint area at National Hardware Show

BY HBSDEALER Staff

Lancaster, a leading paint sundries distributor, has teamed with the National Hardware Show to create a new area supporting dealers, retailers and participating exhibitors at the 2009 event, to be held May 5 to 7 in Las Vegas, the Spartanburg, S.C.-based company announced.

The new National Hardware Show Paint & Accessories Area will be anchored by Lancaster, which will offer show specials as well as the ability to purchase smaller quantities on-the-spot from exhibitors that have distribution at Lancaster.

“We are honored Lancaster has chosen the National Hardware Show to create this special area,” said Ed Several, group vp-National Hardware Show. “In challenging economic times, our goal is to create the most valuable three days for the entire home improvement industry — especially the paint and accessories category — and this program offers a great solution.”

In related news, Lancaster will host its first “Open to Buy” day at the 2009 National Hardware Show, where Lancaster associates will review manufacturers’ products for consideration in the company’s inventory mix.

In addition, show organizers will work with the Paint and Decorating Retailer’s Association (PDRA) to offer educational seminars to help retailers discover best practices and innovative ideas to grow their business. PDRA is an Official Industry Association of the National Hardware Show.

“We are excited to partner with the National Hardware Show and their participating vendors to create a unique buying opportunity for retailers,” said Geff Lynch,vp-marketing for Lancaster.

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Leviton appoints director of national accounts

BY HBSDEALER Staff

Leviton has promoted Brian Sorensen to director of national distribution accounts for the company’s commercial data networking business. In this role, Sorensen will direct the growth of the company’s line of voice and data devices and build relationships with channel partner and end-user markets.

In 2006, Sorensen joined Leviton as manager of national accounts. His previous experience includes positions with Tyco Electronics/DEK and Prestolite/Krone.

“In his two years with the company, Brian has demonstrated consistent and outstanding performance,” said Brad Leland, Leviton’s vp-sales for network solutions. “I am confident he will direct Leviton’s Network Solutions’ growth and work to develop solutions that meet our customer needs.”

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Obama wins election

BY HBSDEALER Staff

Barack Obama was elected as the 44th president of the United States in heavy voting yesterday. The latest electoral tally stood at 338 votes for Obama and 161 for his rival John McCain. Obama’s reported views on housing, taxation and small business were presented on the campaign trail, and represented here.

Troubled Asset Relief Plan (TARP)

Obama has called for greater oversight of Wall Street, and assurances that taxpayers will benefit from the $700 billion TARP. He also supported limiting the pay of executives from the companies being bailed out. He has expressed support for homeowners in danger of foreclosure and reiterated the need for a stimulus package of tax cuts.

Housing

Obama has proposed a 10 percent universal mortgage credit to provide tax relief for what his campaign estimates are around 10 million homeowners in income brackets under $50,000 per year. He has also supported the Stop Fraud Act for several years, a proposal that includes various reforms meant to protect consumers from “abusive” lending practices, and also supported mandating accurate loan disclosure, including a simplified borrower metric — described as similar to the APR — for home buyers, called the Homeowner Obligation Made Explicit (HOME) score.

Taxation

Obama’s proposals include a tax cut of $500 per person or $1,000 per couple for most families, but letting President Bush’s tax cuts lapse for those making $200,000 or more a year and raising the capital gains tax rate for big companies.

Small business

Obama has proposed a tax relief plan for small businesses and start-up companies that will include elimination of all capital gains taxes on those types of businesses, with the aim of encouraging innovation and job creation. His campaign’s $50 billion “Obama-Biden Relief Plan” would include the creation of a $25 billion Jobs and Growth Fund. He also has pledged to make the Research and Development Tax Credit permanent.

Green building

Obama has proposed a plan with the goal of creating 5 million “Green Collar jobs,” including jobs related to a plan to weatherize one million low-income homes annually, part of an over-arching energy-savings initiative that supports green building. The campaign also has voiced a plan to increase funding for federal work force training programs, while directing them to incorporate training on “green technologies.”

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