Editorial: Investing in Utah’s Post-Coal Economy

first_img FacebookTwitterLinkedInEmailPrint分享Salt Lake Tribune:In his January State of the State address, Gov. Gary Herbert announced his plan to create 25,000 jobs throughout rural Utah in the next four years. Lt. Gov. Spencer J. Cox has been shepherding that 25K Jobs Initiative ever since. The need for rural jobs is especially acute in former coal counties, like Carbon and Emery. Coal jobs are gone, and they aren’t coming back. These counties have been especially susceptible to increased suicide and opioid addiction. Few coal-oriented businesses can retool for a non-coal economy on their own, and a low-wage tourism economy will not, by itself, pick up the slack.The 25K Jobs Initiative sends service providers from urban areas to every rural county to help people connect with government and business resources. The initiative also connects county leaders with state providers to narrow the needed services to those most relevant to each county.The initiative encourages two general scenarios: home startup businesses and Wasatch Front companies willing to get rural.The initiative encourages home startup businesses by connecting owners with services like banking, lending and business development training. Once people are working, economic development increases as people earn money and start buying things, eating in restaurants and going to the movies. Or, for Cox, golfing.But Cox is especially looking for large Wasatch Front companies willing to hire rural employees for manufacturing outlets or customer service positions fulfilled through tele-commuting. With the advent of the internet economy, workers can work from anywhere, including their own homes.Cox claims the barriers have never been lower for an innovative company that wants to disrupt the status quo and find success in an unlikely place. Like rural Utah.The initiative is a laudable project. As anyone who lives near the Draper prison knows, land along the Wasatch Front is in scarce supply. The state should provide incentives for companies who invest in rural development.Admittedly, a goal of 25,000 jobs is not ambitious; employment is already projected to increase by 20,000 jobs. But the stretch part of the 25,000 job stretch goal is that the jobs will be created in every rural county, not just a few of the most populated ones.Whether new jobs are created in less-populous counties will be the indicator of the 25K Job Initiative’s success.Tribune Editorial: Coal is gone, let’s diversify Editorial: Investing in Utah’s Post-Coal Economylast_img read more

Little summer impact on Texas grid after closure of three coal plants

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg News:Texas’ power grid had all the right elements to create an electricity price surge in mid-July — record usage and temperatures and a supply curtailment from the shutdown of three major coal plants. But aside from a few hours here and there, not much happened. And that may prove costly for traders sitting on bets that prices will soar in August, when demand typically peaks.“It was all a bit hyped up,” said Will Nelson, an analyst at Bloomberg NEF.One thing mitigating the price has been the amount of wind generation this summer. The grid operator — the Electric Reliability Council of Texas Inc. — used a conservative estimate that has been literally blown away.Back in May, the forward contract for August delivery soared to more than $239 a megawatt-hour, or almost eight times more than the daily average in day-ahead markets for the past year. That’s an average for 24 hours of power. Utilities could lock in a portion of supply at that monthly price, or wait until August arrives and buy the supplies in day-ahead and hour-ahead markets.Short-duration markets — day-ahead and hour-ahead trading — don’t look any stronger so far this year than they have for the past six years, even though demand is higher and coal-fueled capacity is lower.Vistra Energy Corp., the biggest supplier in Texas, was forecast to get an extra $750 million in revenue for power supplies on the hottest of the dog days of summer, based on the futures rally. Shortages were going to bust family budgets with soaring utility bills and cause some oil producers to ease off until the heat waves passed. Now, halfway into Texas’ blistering summer, the grid’s doing fine and lofty August futures prices have retreated back to pre-shutdown days.So what happened? Ercot went into summer estimating that wind power would average 4.1 gigawatts a day over the cooling season, yet it’s reached 6.6 gigawatts for July, through Friday.More: Most Exciting U.S. Power Market This Year Looks More Like a Bust Little summer impact on Texas grid after closure of three coal plantslast_img read more

Brazil Starts Complex Task of Identifying Airbus Victims

first_imgBy Dialogo June 11, 2009 (Updated with 13 bodies recovered and other data) Rio de Janeiro, 9 June (EFE). – Today Brazilian authorities began – nine days after the tragedy – the complex task of identifying the first 16 victims of the Air France plane accident, which crashed into the Atlantic Ocean. The Joint Command of the Navy and the Air Force reported that today the boats in the disaster area recovered another 13 bodies, raising to 41 the total number of bodies recovered from the water since last Saturday, when the first floating human remains were found. The bodies found today were taken to refrigerated chambers in the frigate Bosisio, which is heading to the archipelago of Fernando de Noronha. The boat should approach the archipelago in a few days after sailing about 700 km, a military spokesperson at a press conference in the city of Recife (northeast) stated. Today the first 16 corpses reached the advance post set up in the airport of said archipelago, where coroners and fingerprint recognition experts start the preliminary identification procedures before sending the bodies to Recife. The Navy and the Air Force are leading rescue operations from that city. That will also be the site where Brazilian coroners, with the aid of French experts, will identify the victims by means of photos, DNA samples, and dental records, among other sources. The first bodies to arrive in the continent were examined today in a hangar at the Fernando de Noronha Airport by eight specialists from the Brazilian Federal Police and from the Civil Police of the State of Pernambuco. According to official sources, in Noronha each victim’s clothes and personal objects are “catalogued,” fingerprints are taken, and tissue samples are obtained for eventual genetic comparison. “The specialized work carried out in Fernando de Noronha is quite slow,” Lieutenant Colonel Ramón Borges Cardoso, general director of the Brazilian Aerospace Control Department, explained in a press conference. Once that procedure is finished, the bodies will be transported to Recife on a Hercules C-130 Air Force aircraft. According to the military chief, this could take place tomorrow afternoon. This first group of bodies was transported by the frigate Constitucion up to a point in the high sea approximately 50 km from Fernando de Noronha. From that point they were transferred to two helicopters, a Black Hawk and a Super Puma. The remains were received in the Noronha Airport by soldiers who were wearing green aprons, caps, gloves, and surgical masks over their camouflage uniforms. Despite the fact that several photographers could witness the unloading from a distance, the bags prevented them from seeing the state the bodies were in after floating in the sea for a week. Air Force spokesperson Lieutenant Colonel Henry Munhoz reiterated that no comment will be made on the condition of the corpses recovered, and asked the press to refrain from asking related questions. Munhoz added today that, after delivering the first 16 bodies to the helicopters’ crews, the frigate Constitucion returned that same Tuesday to the affected area in order to proceed with the search for more human remains and the debris of the ill-fated A330 aircraft. The search and rescue operation in the middle of the Atlantic is concentrated at a point approximately 440 km northeast of Sao Pedro and Sao Paulo, two uninhabited rocky outcrops located 1,296 km from Recife and 704 km from Fernando de Noronha, which complicates and delays transporting the remains to the continent. Today an Air Force spokesperson presented photos of a piece of metal recovered from the sea which apparently is part of one of the Airbus’s wings, but he emphasized that only the manufacturer will be able to confirm which part of the plane it belongs to. Establishing the causes of the accident and the search for the black boxes are the responsibility of the French authorities, which have sent the submarine Emerade to the area. Its arrival is scheduled for tomorrow.last_img read more

Paramilitary Groups Bring Instability to Nicaragua and Central America

first_imgBy Gustavo Arias Retana/Diálogo December 21, 2018 Nicaragua’s atmosphere has been tense since April 2018. What started as a protest against social security reforms led to a conflict that has continued for months, with a death toll of 264, according to a July 2018 report from the Inter-American Commission on Human Rights. Repression against protesters is constant, and involves the police force of Daniel Ortega’s government and paramilitary groups, known in the Central American country as Sandinista mobs. The weapons the mobs use are among the most worrisome factors for Nicaraguan and Central American non-governmental organizations. First, because authorities suspect that the Nicaraguan Police and Army provided the weapons, and second, because they might end up in the hands of regional criminal organizations. Protesting from exile Fátima Villalta is a Nicaraguan national who is also a member of the University Coordinator for Democracy and Justice, one of the groups leading the protests against Ortega. Exiled in Mexico, she told Diálogo that the mobs repress protesters as if they were official police forces, carrying weapons only the Army and Police used before the protests began. “We think that the Police and military forces provide the weapons. We are not talking about small firearms that can be obtained in other ways. There are pictures of mob members carrying rifles, automatic weapons, and even RPG-7 rocket launchers made in Russia,” Villalta said. “The conflict situation and total domination that Ortega has in place left control of military warehouses non-existent. For example, there are many videos of paramilitary members coming and going from the Dr. Alejandro Dávila Bolaños Military Teaching Hospital to be seen.” Ana Yancy Espinoza, academic director of the Costa Rica-based Arias Foundation for Peace and Human Progress, said information indicated that the Police looted weapons from gun shops and security companies that ended up in the hands of paramilitary groups to be used in attacks against protesters. According to the Arias Foundation, the paramilitary units used the weapons that were in the Army’s arsenals, such as Dragunov sniper SVD rifles, PKM machine guns, rubber bullets, and stun grenades, all made in Russia. The military also took 12 mm shotguns from private companies, while the Nicaraguan Police seized weapons from private gun shops, including 50 mm Catatumbo rifles made in Venezuela. “According to our sources, Police seized weapons from people, gun shops, and security companies and gave them to the paramilitary, the so-called Sandinista mobs. We’re talking about weapons that enter the country legally, such as revolvers, pistols, and 12 mm shotguns,” Espinoza said. “Military weapons also circulate, some left over from the conflict that Nicaragua experienced in the 1980s, but also new models made in Venezuela and Russia, where the Kalashnikov AK-47 and the AK-103 prevail.” A risk to all of Central America The final destination of the weapons the paramilitary used in recent months is unknown, which is one of the most worrisome situations for Central America. Espinoza explains that in case of disturbances, regional criminal organizations take advantage of this chaos to access weapons more easily. For example, the Arias Foundation has reports of Kalashnikov rifles used in the Nicaraguan conflict that members of Mara Salvatrucha in El Salvador later seized. According to Espinoza and Villalta, several factors enable weapons used in Nicaragua to end up in other Central American countries. The crisis increased irregular migration flows toward other countries in the region, so there is the possibility that migration also moves weapons. In addition, there are criminal organizations linked to narcotrafficking and violence with an interest in accessing weapons. For Espinoza, gangs operating in El Salvador, Honduras, and Guatemala are clearly interested in getting weapons like those of the Nicaraguan paramilitary, especially military weapons. Another risk factor is that current conflicts might facilitate the diversion of weapons that enter the country legally. The current political panorama makes it difficult to verify the final destination of weapons purchased from Nicaragua. What to do? The means to confront this situation seem scarce. In May 2018, the Arias Foundation urged regional countries to subscribe to the United Nations Office for Disarmament Affairs’ Arms Trade Treaty (ATT) and block the entry of new weapons to Nicaragua by land, so that arms distributors can’t sell more weapons to the Central American country. The reality is that Nicaragua hasn’t signed or ratified the ATT, and neither have other countries who are close to Ortega’s regime, such as Venezuela, Russia, and Cuba. “It’s a monumental challenge. Sections 6, 7, and 11 of the ATT serve as tools that prevent weapons transfers to countries that violate human rights or create instability. However, incrementing these measures requires a lot of political will, something that is not evident right now,” Espinoza concluded.last_img read more

Even among credit union employees, debt spiral threatens financial wellness

first_img 24SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr While credit unions, by their very charter, are committed to serving the financial needs of their member communities, a hard reality is that often, the community that is perhaps most important to the health of the credit union itself – its employees – is struggling with achieving financial wellness.Many credit union employees find themselves among the more than 90 million American workers who still live paycheck-to-paycheck, and this financial stress has a real impact on credit unions from an HR perspective in the form of lost productivity, increased absenteeism, presenteeism (attending work while sick), accidents and turnover – and that is in addition to ever-increasing worker compensation, medical, legal and insurance costs.Recent data show that nearly half of American households said they could not cover an unexpected expense of just $400 without borrowing or selling something. Notably, an annual salary of more than $100,000 resulted in no increase in financial security, where one survey found even those more affluent would have to pay the amount off over time.Too often, an unexpected, relatively small-dollar expense is driving credit union employees, ironically, away from the safety of the financial institution that employs them and to short term lenders where they expose themselves to substantial financial risk through high fees and inflated interest rates. continue reading »last_img read more

Robust security standards needed for data-handling entities

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » The cornerstone of any new data privacy requirements should be robust data security requirements for entities that collect consumers’ personal information, CUNA wrote to the House Homeland Security subcommittee on investigations Wednesday. CUNA’s letter was submitted for the record of the subcommittee’s Thursday hearing on private sector data breaches.“Credit unions have met with members of this committee to detail damage to credit unions and their members from data breaches. The current gaps in data protection and privacy laws hurt consumers and businesses as information is misused by criminals and other actors with malicious intent. Financial institutions are at the vanguard for misuse of stolen data,” the letter reads.“Although data security is a major issue for credit unions, we realize the problem is much bigger than the financial services industry with robust privacy and data security requirements for all industries becoming increasingly necessary,” it adds.last_img read more

China orders closure of US consulate in Chengdu

first_imgTensions have soared on multiple fronts between the world’s two biggest economies, deteriorating further after Washington ordered the closure of the Houston consulate on Tuesday within 72 hours.The United States cited Chinese theft of intellectual property for the closure, which came a day after the Justice Department unveiled the indictment of two Chinese nationals for allegedly hacking hundreds of companies and attempting to steal coronavirus vaccine research.China had threatened to retaliate against the consulate closure if the US did not withdraw its decision.In its statement on Friday, China’s urged the US again to backtrack and “create the necessary conditions for bilateral relations to return to normal”. The US has an embassy in Beijing as well as five consulates in mainland China and one in Hong Kong.The Chengdu consulate was established in 1985 and has around 200 staff with approximately 150 locally hired Chinese employees, according to its website.It has been the site of diplomatic drama in past years.In 2013, China demanded the US provide an explanation for a spying program after news reports said a top-secret map leaked by fugitive intelligence analyst Edward Snowden showed US surveillance facilities at embassies and consulates worldwide — with the Chengdu consulate among them.The Chengdu mission was also where senior Chinese official Wang Lijun fled in 2012 from his powerful boss Bo Xilai who was then head of the nearby metropolis Chongqing.In recent days, Washington and Beijing have been crossing swords over a slew of issues ranging from trade to the coronavirus pandemic and China’s policies on Hong Kong, Xinjiang and the South China Sea.Republican Senator Marco Rubio earlier called China’s Houston consulate the “central node of the Communist Party’s vast network of spies and influence operations in the United States”.Michael McCaul, Republican Leader on the House Foreign Affairs Committee, said the consulate was the “epicenter” of Chinese efforts to steal “sensitive information to build up their military”.The comments drew ire from Beijing, with foreign ministry spokesman Wang Wenbin labeling Washington’s allegations “malicious slander”. China on Friday ordered the closure of the US consulate in the southwestern city of Chengdu in retaliation for America shuttering Beijing’s diplomatic mission in Houston this week.The move was a “legitimate and necessary response to the unreasonable measures by the United States”, the foreign ministry said in a statement.”The current situation in China-US relations is not what China desires to see, and the US is responsible for all this,” the statement added.center_img Topics :last_img read more

Roy Hodgson opens up on Wilfried Zaha’s future after Crystal Palace stun Arsenal

first_imgRoy Hodgson is adamant that Wilfried Zaha is going nowhere (Getty Images)Roy Hodgson expects Wilfried Zaha to be a Crystal Palace player for ‘many years to come’ despite the forward admitting it is his ambition to play Champions League football.The 26-year-old has emerged as one of the best players outside the top-six clubs in the Premier League over the past couple of seasons and has attracted attention from a number of clubs.Zaha’s former club Manchester United, Arsenal, Tottenham Hotspur and Borussia Dortmund have all been linked with summer moves for Zaha in recent weeks.On Saturday, Zaha insisted that he has to ‘experience Champions League football’ and those comments were widely interpreted as a come-and-get-me plea to clubs in the competition.AdvertisementAdvertisementADVERTISEMENTHowever, speaking after Palace’s shock 3-2 win over Arsenal on Sunday, Hodgson was adamant that Zaha will stay at Palace, suggesting that his comments had been taken out of context. Metro Sport ReporterMonday 22 Apr 2019 8:42 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link99Shares Comment Advertisement Zaha was on target as Palace stunned Arsenal at the Emirates (Getty Images)‘He’s on a four-year contract, he’s one of our highest-paid players and he’s absolutely adored by the fans and everyone in south-east London,’ Hodgson said.‘As far as I’m concerned, I’m looking forward to working with him not only in the near future, but I’m looking forward to seeing him in the Crystal Palace shirt for many years to come.‘The question is how many players, if the question is put to them, would say: ‘I don’t want to play Champions League football.’‘You just congratulate the journalist; he’s caught him at the right moment and extracted an honest answer out of him.’More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityZaha, who Palace reportedly value at £80m, impressed at the Emirates on Sunday, scoring his side’s second goal after out-muscling Shkodran Mustafi and finishing beyond Bernd Leno.That was his ninth Premier League goal of the campaign, matching his best-ever tally which was set last season.More: Manchester United FCRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseEx-Man Utd coach blasts Ed Woodward for two key transfer errors Advertisement Roy Hodgson opens up on Wilfried Zaha’s future after Crystal Palace stun Arsenallast_img read more

Gerard Murtagh, husband of radio host Emily Jade O’Keeffe, loves life on the Gold Coast

first_img Private rooftop terrace for every buyer You make your money on the way in, so buy well. Also don’t over capitalise, if you don’t intend to stay in the property long term. Ashmore has a lot of great parks and our children love playing there or riding their bikes. There are also plenty of running tracks so when I do get some spare time I can get out and do some exercise. If money was no option, what would be your fantasy home and where? Prototype vertical school of the future set for QLD suburb What do you love about your home? I live in Ashmore on the Gold Coast with my wife, radio host Emily Jade O’Keeffe, and our two children. We decided to buy there because we really liked the feel of the suburb and that it was close to schools and to the head office of my business, The MenGroup. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 Granny flats keeping families together in isolation We built the house in 2015 with the intention that it would be our forever home, so we included everything we wanted in it. The one thing I really like is the pool bar we added. We can sit in the bar area and spend countless hours watching the kids play in the pool and it’s a great spot to sit and watch sport on television on the weekend. Gerard Murtagh, CEO at The MenGroup and owner of SanitiseMen, a company that sanitises workplaces and homes.Gerard Murtagh’s SanitiseMen business may be right in the thick of things during coronavirus, but life is pretty good when you can retreat at day’s end to the coast.Mr Murtagh – the chief executive of The MenGroup and owner of SanitiseMen, a company that sanitises workplaces and homes – and his radio show host wife Jade O’Keeffe, are among the lucky ones who live in their dream home. What is the best thing about your suburb? What would you change about your home? More from newsParks and wildlife the new lust-haves post coronavirus9 hours agoNoosa’s best beachfront penthouse is about to hit the market9 hours agoThe one thing I would like to add isn’t actually inside but outside. We don’t have a barbecue area. The weather is so great here, it would be nice to have a dedicated barbecue area where we can sit as a family or entertain friends. MORE QLD REAL ESTATE NEWS I would love to be on acreage in a large home that has enough room for a tennis court, basketball court, horses and all the big toys. What was the best piece of property advice you were given? Where do you live and why?last_img read more

BW LPG Inks Term Sheet for New USD 150 Mn Loan

first_imgOwner and operator of LPG vessels BW LPG is in the documentation stage for the refinancing of its existing USD 150 million unsecured revolving credit facility maturing in March 2018. Namely, the company signed a committed term sheet for the new USD 150 million, five-year senior secured term loan on November 8.The move has been announced in the company’s financial results for the third quarter of this year which was, according to BW LPG, “the most challenging quarter for the VLGC spot market since 2009.”During the quarter, the company’s VLGC rates averaged USD 15,200 per day, compared to USD 22,100 recorded in the same quarter of 2016. What is more, LGC TCE rates averaged USD 13,600 per day in the three-month period ended September 30, 2017, against USD 15,900 seen in Q3 2016.TCE income stood at USD 70.1 million in Q3 2017, against USD 80.5 million reported in the same period a year earlier.Loss after tax was USD 26.7 million in the third quarter of 2017, compared to USD 60.4 million posted in Q3 2016. As informed, this was primarily due to depressed LPG spot rates and lower fleet utilization, USD 3 million in accelerated depreciation of two LGC vessels and a USD 2.6 million impairment charge on a vessel that was reclassified to asset held-for-sale.In October 2017, the company established the previously announced joint venture in India – BW Global United LPG India Private Limited. Created in collaboration with Global United Shipping India Private Limited, the joint venture will own and operate gas carriers for the transportation of LPG within Indian waters. As part of the agreement, BW LPG has sold two of its vessels, BW Boss and BW Energy, to the joint venture company. The two VLGCs owned by the joint venture will be converted to Indian flag to secure Indian business employment, according to BW LPG.Currently, the company has a fleet of 50 vessels, comprising 46 VLGCs and four LGCs. In addition, BW LPG has two time charter-in VLGC newbuilds that are under construction.last_img read more