High petrol prices: Demand for two-wheelers likely to go up
News from Economic Times:

NEW DELHI: The runaway petrol price, which has singed many, has found an unexpected beneficiary in the Indian auto market: motorcycles and scooters. With customers looking for cheaper mobility options over pricier cars following the steepest-ever jump in fuel prices last week, the demand for more affordable motorcycles and scooters is likely to go up in the coming months.

Traditionally, the demand for two-wheelers has been stable in the Indian market, but a spike in fuel prices or interest rates always bring them into play in a much bigger way.

“With each jump in fuel price, the cost of running a car goes up tremendously. Based on the changing economic scenario, where inflation is already forcing people to curtail spending, customers look for cheaper transport options to manage their budgets,” said a senior executive of Hero MotoCorp, India’s largest two-wheeler company.

Petrol now costs a record Rs 73.18 a litre in New Delhi and Rs 78.57 a litre in Mumbai after Thursday’s 11% hike of Rs 7.50 by oil companies.

“Demand for motorcycles as a means for personal transportation has been strong in India. But in a grim economic scenario, where both vehicle and fuel prices are shooting up, customers fall back on cheaper mobility op…………… continues on Economic Times

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Oakland arena construction bonds may cost Warriors
News from San Francisco Chronicle:

Returning to San Francisco is not going to come cheap for the Warriors – East Bay officials say the team could still be on the hook for upwards of $ 70 million to their old landlords at the Oracle Arena in Oakland.

Oakland and Alameda County spent $ 140 million to modernize and expand the arena in the mid-1990s under the Warriors’ previous ownership. As the building’s main tenant, the team has been paying as much as $ 7.4 million a year to help pay off the bill.

Under the Warriors’ lease, if the team pulls out “for any reason” before the construction bonds are retired in 2026, the Warriors still owe the money – minus whatever events the arena can book to replace NBA games.

“The language is pretty clear,” said county Auditor-Controller Patrick O’Connell.

The Warriors’ new owners are reluctant to discuss the issue, but they appear to be taking the position that they are liable for the bond payments only through the 2016-17 season, when their lease at Oracle runs out.

Jackpot: It’s not exactly Caesars Palace, but a little slice of Vegas-style gaming has popped in the Tenderloin.

Tucked away in the back room of the Blue Water Laundry on Ellis Street, just up from the Glide Memorial United Methodist Church soup kitchen, is Big T’…………… continues on San Francisco Chronicle

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