“Redflex Traffic Systems admitted Thursday to Australian Securities Exchange investors that the firm’s profit in North America has slipped 10.1 percent in the past twelve months. ‘Redflex continues to face challenges raised through local voter initiatives and referendums,’ the company’s preliminary 2012 report to investors explained. ‘In FY12, citizen initiatives caused the termination of several Redflex contracts, including the Albuquerque contract.’ The unpopularity of speed cameras over the past twelve months is undeniable. In November, voters in seven cities went to the ballot box and said ‘no’ to photo ticketing.”
http://www.thenewspaper.com/news/38/3881.asp
Related posts:
How Fortunes Are Made In Frontier Markets: Interview With Harris Kupperman Part II
Another Reason Obamacare Costs Are Headed Through the Roof
DHS To Purchase Another 750 Million Rounds Of Ammo
Whom to Believe on Gold: Central Banks or Bloomberg?
Bill Bonner: Avoid This Popular Stock in 2014…
More Broke States Trading In Vice Enforcement For Tax Revenue
Here's Why The Winklevoss Twins LOVE Bitcoin
Texas Man Serving 17 Days in Jail for Overgrown Lawn
Limbaugh and Hannity to be dropped by major radio network
San Diego Police Attack and Arrest Man Video Recording Them, Claiming Phone Could be a Weapon
Fix The Minimum Wage?
Google Launches Tools For Evading Government Control
Great Moments In Drug War Propaganda
Ukraine Protestors Turn to Bitcoin to Ease Cash Crisis
Wendy McElroy: America, Outsourcing A Declaration of War?