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Premier Rachel Notley unveils carbon tax break for drilling companies

first_imgNotley later criticized Wednesday’s federal fiscal report for underplaying Western Canada’s oil price crisis, blamed on insufficient pipeline capacity to take away a glut of crude trapped in Alberta.She told reporters that if Canada’s manufacturing sector was suffering as much, it would have been mentioned in the first paragraph of the update speech.The CAODC, meanwhile, says it expects little improvement in drilling activity next year, calling in its 2019 forecast for an increase of 51 wells to about 7,000. That’s down from about 13,000 wells in 2014 before global oil prices crashed.“Other industries in the same situation would be holding their hands out for a government bailout. Yet instead our industry has only asked for government permission and support to get our products to market,” said association president Mark Scholz.“The lack of action and attention by the federal government to this pressing issue is deafening.”(THE CANADIAN PRESS) CALGARY, A.B. – Alberta Premier Rachel Notley is handing out tax breaks for oil and gas drillers along with criticism of Ottawa’s lack of appreciation for how damaging are current price discounts on western Canadian oil.In a speech at a Canadian Association of Oilwell Drilling Contractors event in Calgary, she announced her government would add oil and gas drilling to a list of trade-exposed industries exempt from the province’s carbon tax.The exemption, made retroactive to when the tax was introduced at the start of 2017, is expected to provide $750,000 to $1.5 million per year in relief for the drilling industry.last_img read more

City aim to fight off fatigue as title race heats up

first_imgManchester (United Kingdom): Manchester City hope Saturday’s meeting with Watford can offer them the same sort of impetus their opponents provided for Premier League title rivals Liverpool. City manager Pep Guardiola has seen his side hit a downturn in their attacking form in recent weeks despite overtaking Liverpool and returning to the top of the table. The last three City games have seen them score just two goals, including a goalless League Cup final appearance against a Chelsea team they had defeated 6-0 just two weeks prior. Also Read – Dhoni, Paes spotted playing football together The run hardly represents a major concern, with City having won the cup final on penalties and their next two league games by 1-0 scorelines. But as a general indicator of form, City’s previously prolific goalscoring feats – which had produced 50 goals in the opening 13 games of 2019 – have dried up alarmingly. Watford, who were beaten 5-0 by a Liverpool team that had gone through a similarly barren spell immediately prior to their meeting, might be just the right opponents for City this weekend as they aim to maintain their one-point lead over Liverpool. Also Read – Andy Murray to make Grand Slam return at Australian Open Yet Guardiola must also have been alarmed by a growing injury list which includes Kevin De Bruyne after last weekend’s victory at Bournemouth. The Belgian midfielder suffered a hamstring injury early in the second half and City were economical with the facts surrounding the problem immediately after the game, other than Guardiola confirming he will be sidelined for a period of time. De Bruyne’s absence will add to the mounting frustrations for the 27-year-old, who started 36 of City’s 38 league games last season. De Bruyne will have played in just seven of City’s 30 league games this term if, as expected, he misses out against Watford. Two knee injuries have taken their toll on De Bruyne this season although, even when he has enjoyed extended periods in the first team, he has appeared short of the form that made him one of the league’s most effective players last season. De Bruyne’s lack of cutting edge was hardly a problem for City over the opening weeks of the new year, but his side have found it more difficult to wear teams down in recent games. The fact the Belgian played so much over the summer, with his team reaching the latter stages of the World Cup, has been cited by both player and manager as a reason for his lack of fitness and form. And City’s gruelling schedule, as they continue to compete for four trophies, has clearly impacted upon, not only De Bruyne but a number of other players, with Fernandinho and Aymeric Laporte also suffering recent injuries. Speaking earlier this month, before his latest setback, De Bruyne conceded that those absences have affected him. “Sometimes I feel good, sometimes I feel a little bit worse or I need a day more to recover,” he said. “But I try every day to be at the best level I can be, and sometimes people have to give me a little bit of slack after the amount of time I’ve been away. “I always want to be better. But sometimes my body just says ‘no’ and I have to take that in my stride.”last_img read more

Govt defers bid deadline for 14block OALPII to April 10

first_imgNew Delhi: The government has deferred by one month the last date for bidding for the 14 oil and gas exploration blocks offered in the second round of Open Acreage Licensing Policy (OALP). Bids for the 14 blocks offered in OALP-II bid round, covering an area of 29,333 square kilometres, were to close Tuesday. “Bid submission closing date for OALP Bid Round-II stands extended up to April 10, 2019,” the Directorate General of Hydrocarbon (DGH) said in a brief notice. Also Read – Maruti cuts production for 8th straight month in SepIt did not give reasons for extending the deadline. The last date of bidding coincides with the bid deadline for the 23 oil and gas and coal-bed methane (CBM) blocks offered in the third round of OALP, which was launched on February 10. OALP-II bid round was delayed at six months and its launch came barely a month before the third round. Officials said OALP-II and OALP-III will run concurrently. Oil Minister Dharmendra Pradhan had at the time of launch of OALP-II bid round on January 7 stated that an investment of about Rs 40,000 crore is expected in the prospecting of oil and gas in blocks offered. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to CustomsIn the first round of OALP last year, as much as Rs 60,000 crore was committed in the exploration of oil and gas in 55 blocks or areas. In the third round, the government is expecting up to USD 700 million (about Rs 49,000 crore) of investment that it hopes will help raise domestic output and cut imports. India had in July 2017 allowed companies to carve out blocks of their choice with a view to bringing about 2.8 million sq km of unexplored area in the country under exploration. Under this policy, called open acreage licensing policy or OALP, companies are allowed to put in an expression of interest (EoI) for prospecting of oil and gas in any area that is presently not under any production or exploration licence. The EoIs can be put in at any time of the year but they are accumulated twice annually. The blocks or areas that receive EoIs at the end of a cycle are put up for auction with the originator or the firm that originally selected the area getting a 5-mark advantage. The two window of accumulating EoIs end on May 15 and November 15 every year. EoIs accumulated till May 15 are supposed to be put on auction by June 30 and those in the second window by December 31. The first OALP round was launched in 2017 and bids came in by May 2018. EoIs for second round closed on May 15, 2018, and the blocks were supposed to be put for auction by June but the round was for reasons unknown delayed. OALP-II was finally launched on January 7. In the meanwhile, EoIs in the third window also closed on November 15, 2018 with as many as 18 blocks and five CBM blocks, measuring 31,722 sq km, being sought for. OALP-III bid round was launched on February 10 with April 10 as the last date for bidding. Officials said the 14 blocks in OALP-II are estimated to hold in-place resource of 12,609 million tonne oil and oil equivalent gas. In OALP-1, mining mogul Anil Agarwal-led Vedanta Ltd walked away with 41 out of 55 blocks bid out. State-owned Oil India Ltd won nine blocks while Oil and Natural Gas Corp (ONGC) managed to win just two. State gas utility GAIL, upstream arm of Bharat Petroleum Corp Ltd (BPCL) and Hindustan Oil Exploration Co (HOEC) won one block each. The 55 blocks have a total area of 59,282 sq km. This compares to about 1,02,000 sq km being under exploration prior to OALP. Blocks are awarded to the company which offers the highest share of oil and gas to the government as well as commits to doing maximum exploration work by way of shooting 2D and 3D seismic survey and drilling exploration wells. Increased exploration will lead to more oil and gas production, helping the world’s third largest oil importer to cut import dependence. Prime Minister Narendra Modi has set a target of cutting oil import bill by 10 per cent to 67 per cent by 2022 and to half by 2030. Import dependence has increased since 2015 when Modi had set the target. India currently imports 83 per cent of its oil needs. The new policy replaced the old system of government carving out areas and bidding them out. It guarantees marketing and pricing freedom and moves away from production sharing model of previous rounds to a revenue-sharing model, where companies offering the maximum share of oil and gas to the government are awarded the block. The government prior to this had been selecting and demarcating areas it feels can be offered for bidding in an exploration licensing round. Under this, 256 blocks had been offered for exploration and production since 2000. The last bid round happened in 2010. Of these, 254 blocks were awarded. But as many as 156 have already been relinquished due to poor prospect.last_img read more

UK diplomatic protection of jailed woman wont ease things Iran

first_imgTehran: Iran’s foreign ministry warned the UK on Tuesday that giving diplomatic protection to a British-Iranian mother jailed in Tehran would not make the situation “easier”, state news agency IRNA reported. Britain on Friday extended the status to Nazanin Zaghari-Ratcliffe, who was arrested in Tehran in 2016. “What is certain is that the British government’s move lacks goodwill and is in no way constructive or positive,” said ministry spokesman Bahram Ghasemi on Tuesday. Also Read – Imran Khan arrives in China, to meet Prez Xi Jinping”If it does not make the situation more complicated, it will surely not make things easier.” Zaghari-Ratcliffe, who worked for the Thomson Reuters Foundation — the media organisation’s philanthropic arm — is serving a five-year jail sentence for sedition. She has denied all the charges against her. Diplomatic protection is a rarely-used mechanism allowing governments to seek protection for their citizens on the grounds that they have been wronged by another state. Also Read – US blacklists 28 Chinese entities over abuses in XinjiangBritain’s Foreign Secretary Jeremy Hunt said Friday that London would take the “extremely unusual” step of extending diplomatic protection to the jailed mother. This would signify the “formal recognition by the British government that her treatment fails to meet Iran’s obligations under international law”, he said. But Ghasemi denied this, saying Zaghari-Ratcliffe is “enjoying all legal and citizenship rights — both throughout her trial proceedings and during the conviction period”, including medical care. Tehran was informed of the UK’s decision via official channels, and is currently studying the legal and political implications, the spokesman said. Ghasemi dismissed the move as “merely reflecting a political decision by the UK” and said that it would not “in itself bring about a new legal status internally or internationally.” Iran’s envoy to London said last week that the UK’s decision “contravenes international law”, as governments can only exercise such protection for their own nationals. Writing on Twitter, Hamid Baeidinejad said Iran does not recognise dual nationality. “Irrespective of UK residency, MS Zaghari thus remains Iranian,” he wrote.last_img read more

The Patriots Are The NFLs Greatest Dynasty

15Patriots2002-16170249ers1984-981697Cowboys1970-841655 While this can complicate things when trying to use Elo to make predictions (as with the 2016 Raiders), the stat is much stronger when it looks backward because it struggles to immediately pick up a team’s rises and declines.Public perception tends to lag when a traditionally bad team gets good, or a traditionally good team goes all to hell. And football is less dependent on individual players than basketball, where LeBron James can leave town and send the Cavaliers to the lottery for nearly half a decade. So when we see the Patriots maintaining these high ratings across different eras and team compositions, what we’re seeing isn’t just sustained performance, but sustained relevance.VIDEO: The Patriots better worry about Julio Jones 22Patriots1995-2016165049ers1981-20021645Packers1995-20161615 24Patriots1993-2016163549ers1980-20031628Packers1993-20161611 2Cowboys1992-931786Patriots2003-041782Dolphins1972-731779 1749ers1981-971685Patriots2000-161684Cowboys1970-861637 849ers1987-941718Patriots2003-101713Steelers1972-791700 14Patriots2003-16171349ers1984-971700Cowboys1970-831663 9Patriots2003-11171549ers1987-951715Steelers1972-801689 How we qualify success is a big part of how we define a dynasty, so a quick note on the method we’re using here: Elo ratings are a favorite around FiveThirtyEight because they are relatively simple to calculate and don’t require many points of input, making it possible to apply them to time periods when data collection wasn’t very good. Want to know if the Cleveland Spiders of the 1890s were the sorriest team in baseball history? Elo can do that.The price of that simplicity is, well, a fairly simplistic stat, without the benefit of modern advancements like player tracking data in the NBA or PITCHf/x in MLB. Elo doesn’t know about star players coming or going or fortuitous bounces or egregious penalty calls — it just knows who won, who lost, and by how much, and trusts that the specifics will even themselves out over time. The top dynasties in NFL history, by number of years 3Cowboys1992-941759Seahawks2013-151743 # OF YEARSTEAMAVG. ELOTEAMAVG. ELOTEAMAVG. ELO BEST DYNASTYSECOND-BESTTHIRD-BEST 1Patriots20071824Patriots20071824 749ers1988-941722Patriots2003-091713Patriots2010-161713 5Patriots2003-071747Patriots2003-071747 ALL-TIME BEST DYNASTIESBEST DYNASTIES SINCE 1997 15Patriots2002-161702Patriots2002-161702 25Patriots1992-2016162149ers1980-20041615Cowboys1971-951611 1849ers1981-981683Patriots1999-20161673Cowboys1970-871628 2Cowboys1992-931786Patriots2003-041782 All-time dynasties and dynasties since 1997, by number of years 10Patriots2003-121714Patriots2003-121714 Should Terrell Owens Be In The Hall of Fame? 23Patriots1994-2016164649ers1981-20031639Packers1994-20161614 1949ers1980-981666Patriots1998-20161665Packers1994-20121617 The numbers are self-evident: Win or lose Sunday night, Bill Belichick and the New England Patriots have put together one of the best runs in NFL history. Since 2001, the team has made seven Super Bowl appearances, with four wins (and another possible this week), and it has achieved a level of sustained success unheard of in the modern NFL. Exactly where does this stretch rank among football dynasties, though? Well, it depends on how you define dynasty.Do two titles in three years qualify as a dynasty? What about three in five? The end points for runs of dominance have always been up for debate. So rather than pick one definition and stick to it, we went looking for the best team over any number of years.1This is an update to a feature we ran a few years ago, which used a different version of Elo, so the ratings will be a little different, but reflect the same principles. The table below shows the top teams over a given period — from the best one-year teams, to the best team over a quarter-century, based on FiveThirtyEight’s Elo ratings: 6Patriots2003-081732Patriots2003-081732 # OF YEARSTEAMAVG. ELOTEAMAVG. ELO 20Patriots1997-20161662Patriots1997-20161662 4Cowboys1992-951751Patriots2004-07174749ers1989-921734 6Patriots2003-08173249ers1989-941727Steelers1974-791726 749ers1988-941722Patriots2003-091713 10Patriots2003-12171449ers1987-961709Steelers1972-811677 1Patriots20071824Patriots20041816Bears19851796 20Patriots1997-2016166249ers1981-20001654Packers1995-20141614 849ers1987-941718Patriots2003-101713 1149ers1984-941712Patriots2003-131711 1749ers1981-971685Patriots2000-161684 Related: Hot Takedown 4Cowboys1992-951751Patriots2004-071747 16Patriots2001-161700Patriots2001-161700 12Patriots2003-141714Patriots2003-141714 1149ers1984-941712Patriots2003-131711Cowboys1971-811671 14Patriots2003-161713Patriots2003-161713 16Patriots2001-16170049ers1983-981692Cowboys1970-851647 12Patriots2003-14171449ers1984-951710Cowboys1970-811670 That the 2007 Pats (undefeated until a loss against the New York Giants in the Super Bowl) are the top one-year team of all time, despite not winning the title, isn’t all that surprising. But the Patriots’ dynasties being at the top of the longer-term ranges is. Consider that the Pats claimed the top spot for the 25-year stretch despite a dreadful 2-14 1992 season, when they were coached by Dick MacPherson, as well as a couple painful years during Bill Parcells’ brief tenure, which also included a Super Bowl appearance following the 1996 season.In the in-between lengths, New England owns many but not all of the top spots. It never had as dominant a three- or four-year run as the Cowboys in the 1990s, but at the five-year mark, New England begins a run of taking a top-two spot in most ranges, trading off occasionally with the 49ers. But by the time we get into the 20-year windows, with Walsh and Montana having given way to Mooch and Garcia, even San Francisco begins to fade.And we haven’t even accounted for the NFL’s modern era of parity yet, although things begin to look a little unfair once we do. If we look at the post-Cowboys-era NFL, beginning in 1997,2The salary cap was instituted for the 1994 NFL season, but by then, powerful teams in the league had already been assembled. It’s an approximation, but we used 1997 and post-Cowboys as a rough estimate of when the “parity era” began. the Patriots take the top spot in every dynasty range, from one year to 20 years, except for the three-year range, which Seattle locked down from 2013 to 2015. 5Patriots2003-071747Steelers1975-79172749ers1988-921725 1949ers1980-981666Patriots1998-20161665 1849ers1981-981683Patriots1999-20161673 13Patriots2004-161710Patriots2004-161710 13Patriots2004-16171049ers1984-961706Cowboys1970-821667 3Cowboys1992-941759Dolphins1972-741751Steelers1974-761743 9Patriots2003-111715Patriots2003-111715 21Patriots1996-2016166049ers1981-20011651Packers1995-20151614 read more

Ohio State womens basketball to begin season with major test at No

OSU then-freshman guard Kelsey Mitchell (3) dribbles the ball during a game against Indiana on Feb. 8 at the Schottenstein Center. Credit: Lantern File PhotoIn a much-anticipated matchup of highly ranked opponents, the No. 6 Ohio State women’s basketball team is primed to open its season on Friday against No. 2 South Carolina in Columbia, South Carolina, at 7 p.m.The Buckeyes, looking to build on a 24-11 record from last season which ended with a loss to North Carolina in the second round of the NCAA tournament, return all five starters, including last season’s co-Big Ten Player of the Year, sophomore guard Kelsey Mitchell.South Carolina boasts three returning starters, including senior guard Tiffany Mitchell, a two-time SEC Player of the Year. The Gamecocks also add a preseason All-American honorable mention in sophomore forward A’ja Wilson to the lineup. Last year, South Carolina’s season ended after a run to the Final Four, losing to Notre Dame 66-65.However, rather than hyping up the game, Kelsey Mitchell stressed how she has been preparing for the 2015-16 season without certain opponents in mind.“You’ve got to be prepared for everything,” she said. “I had no clue, honestly, that we were going to play (South Carolina and No. 1 Connecticut), but you’ve got to prepare before that.”Since South Carolina returns three starters, including its top three scorers and rebounders, the Buckeyes understand they will need to step up on defense and in the post. Last season, OSU’s shallow depth, decimated by injuries, forced it to rely on its offense. Coach Kevin McGuff and his players said they understand their defense must improve.“We weren’t as good as we needed to be last year,” McGuff said. “Part of it was our depth and our youth, but those can’t be excuses this year because we have enough depth and our kids are a year older.”Beyond Kelsey Mitchell and the returning starters, OSU returns four players who missed most, or all of, last season, including redshirt freshman guard Kianna Holland, who was voted team captain. Holland, a transfer from Duke, will debut in a scarlet and gray uniform in her home state of South Carolina.“It’s really exciting. I’ve got a lot of friends and family coming to watch me, so it’s going to be a really neat, supportive environment,” Holland said. Holland might feel at home in the Colonial Life Arena, but the rest of OSU might not find the venue as supportive of the Buckeyes. South Carolina packs its home arena, leading the NCAA in women’s basketball attendance for the first time in program history with an average of 12,293 fans.Preseason All-Americans collideOSU and South Carolina each are led by prolific All-American guards named Mitchell with similar styles. Both were also named their respective conference’s preseason player of the year and led their teams in scoring and assists a season ago.OSU’s Kelsey Mitchell averaged 24.9 points and 4.1 assists per game last season. The 2014-15 co-Big Ten Player of the Year set a Big Ten and OSU record, scoring 873 points while also breaking the NCAA record for most threes made with 127.South Carolina’s Tiffany Mitchell, a 5-foot-9 senior, averaged 14.4 points with impressive efficiency, as she hit 50 percent of her shots and drained 41.6 percent of three-pointers. The Mitchells have not met despite the similar position, role and name, but OSU’s Kelsey Mitchell said she respects the other’s game.“I’ve never seen her play. But if they say she’s amazing, she’s amazing,” Kelsey Mitchell said.Nonconference gauntlet beginsLast season, OSU played just two ranked teams in nonconference play, beating No. 21 West Virginia and losing to No. 24 Georgia. An easier early slate of opponents benefited the young, inexperienced team dealing with several injuries to key players.But this year, high expectations will be tested early. Friday’s game against No. 2 South Carolina begins a three-week period in which the Buckeyes are scheduled to face the top three teams in the nation.In OSU’s home opener on Monday, the Scarlet and Gray hosted the defending national champions, No. 1 Connecticut. On Nov. 28, the Buckeyes head to Las Vegas to take on No. 13 Texas A&M in the South Point Shootout before traveling to South Bend, Indiana, to battle No. 3 Notre Dame on Dec. 2.South Carolina, Connecticut and Notre Dame reached the Final Four last season, as did No. 9 Maryland, which OSU is scheduled to face twice in conference play.“As a coach, the players we were trying to recruit want to play against the best teams in the country,” McGuff said. “And secondly, I just like to figure out where we need to get better. If you’re winning every game by 20, 25, 30 points, you’re not going to know where you can get better.” read more

Ohio State mens volleyball takes 2 against conference opponents

Redshirt-junior opposite Andrew Lutz attempts to serve the ball during a match against Ball State Feb. 26 at St. John Arena. OSU lost, 3-1.Credit: Kathleen Martini / Oller reporterAfter five consecutive losses, the Ohio State men’s volleyball team finally got out of its slump, pulling out a pair home wins against Quincy and Lindenwood this weekend.Junior outside hitter Michael Henchy said the five losses motivated the team to work much harder in practice, which helped them bring home two wins.“Our most recent practices have been our most successful, and I think that our losses have made us work much harder,” Henchy said.The Buckeyes (10-13, 6-6) ended their weekend with a second victory this season against Lindenwood in St. Charles, Mo., 3-2.Henchy led the Buckeyes with a season-high 19 kills and added 12 digs, while redshirt-freshman middle blocker Driss Guessous finished second on the team with 14 kills of his own.Junior middle blocker Dustan Neary said concentration was a main contributor to the team’s wins this weekend.“We have had a lot of trouble focusing all of our attention on the match — this weekend I definitely saw a change in that, which I think made a huge impact on the outcome,” Neary said.The Buckeyes started off their alumni weekend with a 3-1 win against Quincy in Quincy, Ill., Friday.Nearly notched a career-best seven blocks, while Henchy finished with 11 kills and five block assists. Redshirt-junior opposite Andrew Lutz led the team with 12 kills and added nine digs, and Guessous had five blocks.With the season winding down and the Men’s Intercollegiate Volleyball Association Championships quickly approaching — it is set to begin April 18 — the Buckeyes need all the wins they can get to help with the seeding of the tournament.Coach Pete Hanson said if the Buckeyes win their remaining two league matches of the season against Indiana University-Purdue University Fort Wayne and Loyola, they have a chance to be placed fourth going into the conference tournament.He added that the team is not focused on the tournament right now and still has a couple of matches remaining in the season before it can start preparing.“We are not looking that far ahead, we have to get through these matches one at a time. Thinking ahead to the tournament is a distraction when preparing for the next match,” Hanson said.OSU is next slated to take on IPFW Friday at 7 p.m. read more

Flights resume after 24hour halt disrupts life for Big South

first_img Related Items: Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, December 7, 2016 -Flights resumed to South Caicos today after a near 24 hour halt to service brought on by airline company, InterCaribbean Airways.The Turks and Caicos Islands Airports Authority said in a statement issued to media only moments ago that the island of South Caicos is a priority and its airport is undergoing a significant upgrade which called for radio services to pilots at the site to be paused.Well, aeronautical radio services for the all clear for landings are now re-instated and InterCaribbean Airways flights are now resumed according to the regular schedule.South Caicos lost significant flight connection to Provo and Grand Turk on Tuesday when InterCaribbean Airways decided to stop service into the fishing capital, which is now also home to at least two resorts.  It had some of the candidates talking, in fact outraged at the decision by the domestic airline and the seemingly sluggish pace by officials to see the service restored.  A Former MP, South Caicos native and running independent for the seat is McAllister Hanchell, who with former Premier Michael Missick today issued comment which said in part:“This is a serious blow to South Caicos and the people of South Caicos that depend on regular schedule flight to get food, service, workers and tourist in and out of the Island.  In fact, even the regular weekly visit by the bank was disrupted today.  We understand that the issues are between the Airline and the Airports Authority.  We call on both parties to put ego and differences aside in the interest of the people of South Caicos in particular and the wider public in general and resume schedule flights immediately.” InterCaribbean Airways yesterday explained that it has been asked to perform flyovers to alert contractors on the air strip that they want to come in for a landing; the airline refused to do it citing it is dangerous and illegal.  PDM Candidate, Keno Forbes said the disruption was unprofessional and unacceptable.“There are elderly folks with doctor’s appointments, there are people with connecting flights, there are tourist on the island that had to make connecting flights to get back to their home, and they have all had to pay additional funds and take a boat ride to get back to Provo. This type of behavior is not acceptable.” The Airports Authority also explained, “risk assessments were completed, mitigations implemented, and regulatory approval was obtained prior to the start of works.”  ICA had said the fly-overs, which were requested by the Airports Authority were unauthorized.center_img #MagneticMediaNewslast_img read more

5 Things To Do In Wilmington On Saturday June 1 2019

first_imgWILMINGTON, MA — Below are 5 things to do in Wilmington on Saturday, June 1, 2019:#1) Wilmington Annual Fishing DerbyThe Wilmington Recreation Department is sponsoring the 37th Annual Fishing Derby at Silver Lake from 8am to 11am. This multigenerational event for youth and non-professional adults began in 1983. The Derby allows the Town to showcase its finest natural resource while participants have a chance to learn or improve their fishing skills.Participants must register in the Bath House. Prizes will be awarded for the Heaviest Bass and Heaviest Non-Bass in both age groups.The cost to participate in the Derby is $5 for those ages 18 and over, and $2 for anyone age 17 and under. Worms will be available for purchase. There will be shore fishing only – no boats. No fishing license is required for this event only. Rain date is Sunday, June 2, 2019.The Recreation Department would like to thank Jim Buckley and the volunteers who make this event possible. Anyone interested in volunteering should contact the Recreation Department at 978-658–4270.#2) Wilmington Annual Art ExhibitArtists from Wilmington and surrounding towns will compete once again for ribbons, as well as cash prizes, in the 39th Annual Art Exhibition.  The event takes place at the Wilmington Arts Center (219 Middlesex Avenue, Wilmington). The reception and exhibit are open to the public, and free of charge. Come, and meet your local artists!Exhibit Hours:Friday, May 31, 6:30pm-8:30pm: Reception with refreshments and live musicSaturday, June 1, 1pm-4pm: Artists can be seen working on their paintings#3) DEADLINE To Participate In Town Wide Yard SaleThe Wilmington Memorial Library is sponsoring its fifth annual Town Wide Yard Sale on Saturday, June 8, 2019, from 8am to 2pm.This is an opportunity for residents to join the fun by being either a seller or a buyer. More than 70 Wilmington homes participated last year!For those wishing to host a yard sale at their home, applications can be found HERE.The application fee is $15.  Applicants will receive one large sign and directional signs; lots of free advertising; and maps of sale locations. Applications are being accepted at the library from Monday, April 29, 2019 to Saturday, June 1, 2019.For those wishing to shop at the sales, the library will provide an online and paper map of yard sale locations starting Tuesday, June 6. The sales will happen rain or shine, at each homeowner’s discretion.#4) Book Store Next Door OpenThe Friends of the Wilmington Memorial Library’s Book Store Next Door (183 Middlesex Avenue) is open from 10am to 4pm. All books are $2 or less!  Every penny of every sale benefits the Wilmington Memorial Library. Learn more HERE.#5) Drop-In Baby Times At LibraryThe Wilmington Memorial Library (175 Middlesex Avenue) is holding a drop-in baby times at 9:30am. Babies and their caregivers will enjoy this fun storytime that includes rhymes, songs, books, scarves, shakers, bubbles and more. Infants through 24 months. Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… Related37th Annual Wilmington Fishing Derby At Silver Lake Set For June 1In “Community”Wilmington Recreation Department Announces Winners Of Town Fishing DerbyIn “Community”WILMINGTON RECREATION: Concerts, Trips & Youth Programs Were Huge Hits This SummerIn “Community”last_img read more

Solar power tariff at all time low Power Minister

first_imgIn what has emerged as an all-time low tariff for solar energy, US-based Sun Edison has won a bid to sell power at the rate of Rs.4.63 per kilowatt-hour (kW.h).The renewable energy made the bid for its 500 megawatt plant in Andhra Pradesh under the Jawaharlal Nehru National Solar Mission.”Delighted that an all time low solar tariff of Rs 4.63 (a kW.hr) has been achieved during reverse e-auction conducted by National Thermal Power Corporation (NTPC),” Power Minister Piyush Goyal tweeted on Wednesday.”Delighted that solar tariff in India has broken Rs 5/kW.h level. NTPC has received bids of Rs 4.8/ kW.h through ongoing reverse e-bidding,” he added.Goyal made the announcement on the sidelines of the World Economic Forum in New Delhi on Tuesday, following the bidding earlier in the day.The previous lowest solar tariff was about Rs.5.05 per unit offered by Canadian company SkyPower’s for a 150 MW project in Madhya Pradesh.Of the 28 companies that qualified for the second round of bidding, nine including Italy’s Enel Green Power SpA, Reliance Power Ltd, ReNew Power Ventures Pvt Ltd, Solar Arise, Acme Solar and Orange Renewable Power offered bids under Rs.5 per unit.Other bidders included Welspun Renewables, Trina Solar and First Solar.last_img read more

Economy and markets All you need to know to start your day

first_imgTraders work at the post where shares of Patheon NV is traded on the floor of the New York Stock ExchangeReutersAsian shares edged higher on Friday after comments from a Federal Reserve official ebbed concerns that the central bank might raise rates faster-than-expected this year.St Louis Fed President James Bullard tried to tamp down of expectations of four rate hikes in 2018, instead of the widely anticipated three increases, Reuters reported.His comments come after Fed officials on Thursday agreed that “the strengthening in the near-term economic outlook increased the likelihood that a gradual upward trajectory of the federal funds rate would be appropriate.”Three rate rises are now almost fully priced in for this year, compared to two as recently as December.MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.4 percent, but was still on track to end the week barely changed.Overnight, the Dow added 0.7 percent while the S&P 500 ended a tad firmer.Back home, SGX Nifty, an early indicator of the Nifty 50’s trend in India, signals a positive start for the domestic markets after the benchmark Sensex lost 25 points or 0.07 percent to close at 33,819 on Thursday.The partially convertible rupee ended down 0.42 percent at 65.05 per dollar on Thursday from its previous close of 64.77 per dollar.So far this year, the rupee has fallen 1.9 percent against the U.S. dollar, while overseas investors have bought $1.1 billion in local equity and $1.8 billion in debt markets.Crude check: Brent crude declined 0.20 percent at $66.26 per barrel while the West Texas Intermediate crude lost 0.16 percent to $62.67 a barrel.Fed meeting: Data released after the meeting showed the unemployment rate holding at 4.1 percent in January, while the consumer price index, excluding food and energy, was 1.8 percent for the 12 month period.last_img read more

Full Show NonCitizen Voter List Political Roundup And DNA Testing For Cancer

first_img To embed this piece of audio in your site, please use this code: 00:00 /00:00 Listencenter_img X On Wednesday’s Houston Matters: Harris County officials say thousands of residents who showed up on a state-circulated list of potential non-citizen voters should not have been on the list. The Texas Secretary of State initially flagged 95,000 Texas voters as potential non-citizens. Now, that office is telling counties that some of those voters don’t belong on the list it sent out. We delve into the latest developments.Also this hour: From the government shutdown ending (for now), to the results of the Texas House District 145 race, to controversy over a Tweet from the Harris Co. Republican Party on Holocaust Remembrance Day, our experts weigh in on the latest national, state, and local political stories with an eye for how they might affect Houston and Texas.Then, last week, DNA testing company 23andMe announced FDA approval of a test for consumers to find out if they have the genetic predisposition for a particular kind of colorectal cancer. A local gastrointestinal oncologist discusses the pros of cons of such tests.And we talk with pianist Sarah Rothenberg about her 25 years as the artistic director of the local music organization Da Camera.We offer a daily podcast here, on iTunes, Stitcher and other apps. This article is part of the Houston Matters podcast Sharelast_img read more

Thank You Softball

first_imgLove always,Sid Melton, The Dirtiest Kid on the Diamond Thank you softball and thank you Card Nation. Most athletes only get four years to play the sport they love, but I was fortunate enough to get five. Despite having to sit out my junior year due to injury, I feel lucky to have been able to play for an extra year, and am thankful for a higher power knowing that I needed it. Story Links Looking back at my career as a Louisville Cardinal, I can honestly and genuinely say that I gave this sport everything that I had. I let my passion for the game show and I am happy that I did all that I could do to leave my heart on the field in my final regional appearance. Of course, it was not all easy all the time, but no true love story ever is. My time at UofL was about more than just playing the sport I love. I was given the opportunity to become an educated, young woman, who was able to toss the ball around with her best friends. My name and the word softball have been said in the same sentence for most of my life. Growing up, I played every sport that I could. I loved being known as the girl who was faster than all of the boys, the girl who could jump the highest, and the girl who could throw any type of ball well. However, being known as the girl in softball pants covered in dirt was by far my favorite compliment. No matter what team I was on I would always pride myself on being the dirtiest one out there. I always thought that the dirtier I was, the harder I played.center_img My time as a Cardinal has ended after five beautiful years. Our parents always tell us how time moves far too fast, and oh, were they right. Soon, my scratches will heal, my scars will fade, and my locker will be occupied by the next eager freshman to go where I have gone. I feel an unmeasurable amount of gratitude for this sport. As much as I wish I could continue my journey as a collegiate athlete, I cannot. I will forever cherish my years as a Cardinal, and will continue to love my sport, but just as a spectator. I carried that idea with me throughout travel ball, high school ball, and ultimately college ball. There are very few photos of me in a clean Louisville jersey.  To me, that means I played hard. Being able to play softball at Louisville and wear those ten letters across my chest has been my biggest accomplishment to date. During my five years I have made friends who quickly became more like family. I have shared in experiences that were both amazing and traumatic. Softball has led me to every corner of the country and given me more than I had ever expected. #L1C4 Print Friendly Versionlast_img read more

Researchers use quantum entanglement to improve differential interference contrast microscopy

first_img Citation: Researchers use quantum entanglement to improve differential interference contrast microscopy (2014, February 11) retrieved 18 August 2019 from https://phys.org/news/2014-02-quantum-entanglement-differential-contrast-microscopy.html Illustration of (a) LCM-DIM and (b) the entanglement-enhanced microscope. The red and blue lines indicate horizontally and vertically polarized light. (c), (d) and (e) The change in the signal while the sample is scanned. Credit: arxiv.org/abs/1401.8075 This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Physics team entangles photons that never coexisted in time Besides offering a way to create sharper images, the new technique might also prove useful for looking at material that is easily damaged by strong light—it might also lend itself to other types of measuring devices such as interferometers. © 2014 Phys.org More information: An entanglement-enhanced microscope, Nature Communications 4, Article number: 2426 DOI: 10.1038/ncomms3426 . On Arxiv: http://arxiv.org/abs/1401.8075AbstractAmong the applications of optical phase measurement, the differential interference contrast microscope is widely used for the evaluation of opaque materials or biological tissues. However, the signal-to-noise ratio for a given light intensity is limited by the standard quantum limit, which is critical for measurements where the probe light intensity is limited to avoid damaging the sample. The standard quantum limit can only be beaten by using N quantum correlated particles, with an improvement factor of √N. Here we report the demonstration of an entanglement-enhanced microscope, which is a confocal-type differential interference contrast microscope where an entangled photon pair (N=2) source is used for illumination. An image of a Q shape carved in relief on the glass surface is obtained with better visibility than with a classical light source. The signal-to-noise ratio is 1.35±0.12 times better than that limited by the standard quantum limit.center_img Explore further Journal information: Nature Communications (a) Atomic force microscope (AFM) image of a glass plate sample (BK7) on whose surface a ‘Q’ shape is carved in relief with an ultra-thin step using optical lithography. (b) The section of the AFM image of the sample, which is the area outlined in red in (a). The height of the step is estimated to be 17.3 nm from this data. (c) The image of the sample using an entanglement-enhanced microscope where two photon en- tangled state is used to illuminate the sample. (d) The image of the sample using single photons (a classical light source). Credit: arxiv.org/abs/1401.8075 Scientists have been using a type of microscope that relies on reading information from pairs of photons reflected off of a surface for several years. The difference between the information provided by each of the photons (the difference in phase) allows for creating an image. The result is stunningly sharp ultra-close-up images of three dimensional surfaces (such as microchips or microorganisms). Until now, however, the resolution of this type of microscopy—known as differential interference contrast microscopy—has been limited by the standard quantum limit—which is based on the Heisenberg uncertainty principle. Scientists have also known for some time that if entangled photons were used instead, they could bypass that limit and create images with better resolution. In this new effort, that’s exactly what the researchers have done.The reason that using entangled photons allow for more information is because measuring one gives information about the other, which results in more information obtained than from two un-entangled photons. The researchers tested this theory by replacing the part of the microscope that emits photons, with one that emitted entangled photons—with it in place they etched the letter “Q” into a glass plate and then proceeded to create an image of it using their new and improved microscope. In so doing, they found an improved signal to noise ratio of 1.35—which can be seen by the naked eye when comparing photographs of the same etching done by both the new and old method. (Phys.org)—A team of researchers with members from Hokkaido and Osaka Universities in Japan has used quantum entanglement of photons to improve image results created using differential interference contrast microscopy. In their paper published in Nature Communications, the team describes how they used entangled photons to enhance an image taken of an etched (to a depth of just 17 nanometers) letter “Q” on a glass plate, and how much improvement was observed.last_img read more

Big brand name AIR MILES and now the TDC sales academy Transats

first_img As host agencies battle it out for new members, every perk is a big advantage in an increasingly competitive marketplace.Transat’s Agent@home has the strength of the Transat brand name, plus this past summer Transat Distribution Canada announced it was upping the ante in its partnership with AIR MILES, signing a deal that includes extra AIR MILES benefits for customers who book travel with TDC.Agents interested in joining a host agency, or switching host agencies, are attracted by the AIR MILES redemptions program and the new business it brings, says TDC.Transat Distribution Canada is looking to grow its Agent@home program and recently announced yet another incentive to agents who join.TDC says travel agents and home-based agents who want to move over to TDC’s Agent@Home program can sign up for the TDC Sales Academy, taking place April 27 – May 4, 2018 at the all-inclusive Melia Caribe Tropical in Punta Cana.Registration for the Academy opens this month.Agents will receive intensive sales training from special guest speaker Michael Vickers, along with dedicated training on Sun Destinations, Europe, Cruise and Luxury products from over 20 preferred partners and professional coaches, according to TDC.More news:  Transat calls Groupe Mach’s latest offer “highly abusive, coercive and misleading”The format includes hands-on business building workshops, site inspections of Transat’s key hotels and resorts and special events. Home-based agents get the opportunity to network with other TDC colleagues as well as with top suppliers.“They will have access to state-of-the-art training from professional coaches and our top suppliers,” said Susan Bowman, Exec VP Marketing, TDC. “At TDC, we know that education is an integral part of our travel professional’s success. Understanding all of our products thoroughly enables them to better serve their customers and exceed their expectations.”The TDC Agent@home program offers advantages for agents looking to go home based including the exclusive ability to offer and redeem Air Miles Reward Miles, as well as best-in-class marketing and systems support, she added.The 2017 Sales Academy attracted 150 delegates, a mix of junior and senior travel agents from across Canada who worked with preferred suppliers and training coaches for an intense, boot-camp- type training for a week.Transat Travel home-based agent Wayne Arsenault said the Academy was an opportunity to learn, meet new people, network with other agents, suppliers and corporate employees.“There were people from across Canada, from all walks of life, ages and years of experience. For me as a newer agent, I found this invaluable as there were so many points of view and a great variety of business backgrounds all sharing our ideas,” said Arsenault. “The participation from Michael Vickers sharing his techniques with us was irreplaceable, providing many unique ideas to touch clients. His lessons were straightforward and quite profound, I learned a lot about how to interact with clients from his sessions.”More news:  Beep, beep! Transat hits the streets with Cubamania truckArsenault has his own takeaways from the week-long training:Listen for cues. “You will be able to customize according to the client’s buying style. Ask, so that you know you have listened and heard what you think you heard.”Use social media for maximum reach and presenceKnow what is available, keep up- to- date, there is something for each client.Be unique/different in how you interact with your client.The content for TDC’s training academies is determined by feedback the company receives from its network of 450 agencies and 3,650 travel consultants across Canada. For more details see transatagentathome.com. Tags: Transat Wednesday, November 15, 2017 Big brand name, AIR MILES and now the TDC sales academy: Transat’s Agent@home woos newcomers Sharecenter_img Posted by << Previous PostNext Post >> Travelweek Group last_img read more

MTV will relaunch on the Digiturk pay TV service i

first_imgMTV will relaunch on the Digiturk pay TV service in Turkey in a six-year carriage deal that covers six Viacom channels in all. Viacom International Media Networks (VIMN) extricated itself from a joint venture with Multichannel Developers that ended in dispute and with MTV being pulled from the Digiturk platform.The new agreement clears the way for localised versions of the European feeds of six VIMN channels on Digiturk. MTV and MTV Live will roll out on March 1.Kids channels Nickelodeon, Nickelodeon HD and Nick Jr. will also launch exclusively on Digiturk. Nick will launch on March 1 and the other two soon after.The carriage deal between VIMN and Digiturk also covers VH1, which was already on the platform. As part of the deal, Digiturk will sell take on ad sales for MTV and Nick in Turkey.“We’re pleased to announce our new partnership with Digiturk for the distribution of our channels across Turkey,” said Antonio Campo Dall’Orto, executive vice-president, VIMN South Europe, Middle East & Africa. “We’re excited to be expanding our presence in the Turkey, where we see vast opportunities to grow and strengthen our youth and kids’ properties.”MTV originally launched in Turkey in 2006 before being pulled from Digiturk in 2010.last_img read more

Online video distribution specialist Rightster has

first_imgOnline video distribution specialist Rightster has launched Engage, a premium offering to manage video across its clients’ owned and operated sites as well as YouTube and other distribution channels.The launch follows a trial in April at Mercedes-Benz Fashion Week in Australia, when Engage aggregated over a million online viewers, with 450,000 watching a live stream of the event across 140 countries.Rightster said it is now extending the service to content owners and brands, enabling them to forecast audience size and engagement and therefore optimise campaign efficiency and effectiveness.“We are delighted to launch Engage and provide clients with the peace of mind and reassurance that their content will deliver the right audience to the right demographics, at a fixed cost. We are looking forward to providing our clients with a strong competitive advantage globally, across all offices,” said Charlie Muirhead, founder and CEO of Rightster.last_img read more

By Jeff Clark Casey Research Europe owns a sizab

first_imgBy Jeff Clark, Casey ResearchEurope owns a sizable chunk of the world’s natural resources.Over the past few decades, however, EU countries have mostly imported their resources.Outlandish? Maybe.But it was simply easier, cheaper, and most importantly it avoided most environmental conflicts.Getting through government regulation and facing off eco-friendly groups is a time-consuming and outrageously expensive business… a fool’s errand.When you can simply import and let other countries deal with all the hassle, it made a lot of sense. But things change.When no one’s got a job, it truly focuses the political agenda.Europe’s job market is a mess. Demonstrators are crying out for action, for opportunity, for jobs.And mines employ a lot of people.The trend is reversing because of Europe’s sluggish economy and the real benefits of the increase in local jobs and the leap in tax revenue that mining projects bring.Of course, local economies benefit. Hotels are full of transient engineers and specialists, grocery stores feed the workers, and bars serve liquor to quench their dusty throats.Then, of course, the government got involved…Brussels, 2011.Seeing the benefits of the jobs, income-tax revenues, and all-around political advantages, a “Raw Materials Strategy” was initiated in 2008, then revised and updated in 2010, and again in 2011.The aim was to encourage sustainable supplies of raw materials from within the EU.It calls for policies in support of domestic mining.So far, so good…In September 2011, the European Parliament adopted the “EU Raw Materials Strategy,” a generally pro-mining document, though it’s sometimes criticized by the industry for being “too bureaucratic.”“It’s positive, of course, that the political climate in Europe is at least in theory becoming more supportive of mining” So on the one hand, the government says, “Sure, go ahead,” and spends years (and no doubt millions of euros) coming up with a plan, while the other hand slaps down a bunch of rules that stifles initiative, adds massively to production costs, and once more makes mining companies think twice before they put down the millions it takes to get started.Driller killers, indeed.Yet the gold mining sector in Europe represents 16,000 direct and indirect jobs as of 2009, and that is surely growing.So for the gold, the tax, the jobs, and for more than a few political careers, mining is right up at the top of the political agenda.And despite the regulation stranglehold governments put on mining companies, they are still reopening abandoned mines and are exploring entirely new areas.For investors, that’s very positive, exciting news.Europe’s New Gold RushIn Casey Research’s BIG GOLD, we’ve been talking a lot lately about the three main zones of metallogenic significance for gold in Europe: the Iberian Pyrite Belt; the Carpathian Arc; and the Baltic Shield.The first crosses from Portugal through southern Spain.The second stretches from the Czech Republic through Hungary, Slovakia, Bulgaria, Ukraine, Romania, Serbia, and into Turkey.Number three, the Baltic Shield, traverses from western Russia through Finland, Sweden, and Norway.Europe’s gold mining contribution is approximately 1.2% of global mine production (though demand from the EU is roughly 15% of worldwide totals).Sweden, Finland, Spain, and Bulgaria are currently the largest gold producers in Europe. They mine about 640,000 million ounces of gold annually.Other countries with operating gold mines are Greenland, France, Greece, Romania, Portugal, Slovakia, and the UK.Among the gold companies operating in the region are Eldorado Gold (EGO) in Greece and Romania; Agnico-Eagle (AEM) in Finland; and Gabriel Resources (T.GBU) in Romania, as well as other majors and juniors across the continent.Europe’s New Frontiers2011 was a banner year for European mining.Exploration expenditures were estimated to reach approximately €400 million (US$490 million), an all-time high. The largest share of those exploration dollars was concentrated in Sweden, Finland, Norway, and Greenland.These countries, together with Poland, accounted for €288 million or two-thirds of total exploration expenditures last year.This is even more impressive when put into historical perspective.As you can see in the chart below, Nordic exploration spending has grown by almost four times in just ten years.[Source: Euromines.org]Both local and international companies are active in this region.Further, junior companies that we look at in detail in BIG GOLD are expanding rapidly; Euromines reports that in Sweden, for example, juniors account for some 50% of total exploration dollars being spent.Why has the attractiveness of the Nordic countries increased so dramatically?The area is largely underexplored, and its geological similarity to Canada, Australia, and West Africa makes the Baltic Shield a highly prospective place for new discoveries. Miners know what to expect and they already have the technology in place, so profitability for them and their investors comes that much sooner. These countries have well-developed infrastructure (roads and railways) and telecommunication.They have access to highly educated, trained, and experienced staff to support projects during all phases of mining is widely available.The attitude of both the public and politicians toward exploration and mining is generally positive, especially in the northern parts of the region, though anti-mine protests still take place. Since the area is not densely populated, the NIMBY (“not in my back yard”) factor is largely absent.Keeping the green lobby happy means keeping the mines open, operating, and creating a robust, investment-worthy business.Europeans tend to be very concerned about ecology, so environmental issues are closely watched and strictly regulated.Though most responsible miners make concerted efforts to reduce their impact on the environment, miners in Europe focus on this to a high degree.The divide between miners and environmentalists has shrunk over the past few decades due to advances in technology.But a bigger reason for the cooperation is the eroding economic situation. To a certain degree, politicians have been forced to find a more reasonable balance between conservation and the economic benefits mining can bring.Spain, for example, has its economic back to the wall, starting with a record unemployment rate of more than 24%.Astur Gold (V.AST) is working on getting the Spanish Salave gold deposit into production (which a previous company failed to do in 2005). The jobs it will bring no doubt add to the appeal; the company has received over 6,300 job applications.Management has received two of three environmental permits and hopes to finalize the third by year end. If the project is fully permitted, the economic impact on the area will be both immediate and dramatic.Will the Driller Killer Return?The biggest threats to mining in Europe are resource nationalism, significant skills shortages, and infrastructure access in certain areas (see first news item below).However, even on these issues, Europe is in a better position than many other areas.The continent has a strong tradition of transparent and stable laws, along with respect for private property, leaving few in support of outright nationalization.Western European countries also usually have well-developed infrastructure and an educated and skilled labor force.On the other hand, bureaucratic procedures, overregulation, and a dense population outside of the northern countries have worked to keep massive mine development across Europe from accelerating as it has elsewhere.Still, the carrot dangled by the mining industry looks awfully juicy…If Romania approves Gabriel Resources’ Rosia Montana gold mine, for example, the project is estimated to bring some US$30 billion of economic benefits to the country. The company hopes to mine 9.6 million ounces of gold and 51.5 million ounces of silver over 16 years. Eldorado’s Olympias and Skouries mines in the Halkidiki region will produce about 350,000 ounces of gold annually beginning in 2015. Management is spending €1.3 billion to develop the projects, which will create 1,800 jobs in a country where unemployment is close to 20%.Overall, the atmosphere for gold mining in Europe appears to be improving. Its importance is recognized in Brussels; even though only a few clumsy steps have been taken, the general attitude is making a positive shift.With the benefits mining can bring – more jobs and greater revenue – we think there will be fewer objections overall, especially in the more desperate countries. It won’t solve all their problems, but there’s no doubt it would relieve some of the fiscal pressure.From an investment point of view, it’s a region to watch. We fully expect to find increasing opportunities here.Jeff Clark is the senior editor of BIG GOLD, a monthly newsletter that follows the world’s best precious metals production and near-production companies. Jeff has recently completed a rather interesting special report – The Four Stocks I’m Buying My Mother – with details on precious metals stocks that are so undervalued he has recently begun buying them for his mother’s retirement account. Readers can receive the special report for no charge with a 90-day, risk-free trial subscription to BIG GOLD.last_img read more

Brazil Chile Colombia Mexico

first_img Brazil Chile Colombia Mexico Peru Czech Republic Egypt Hungary Morocco Poland Russia S. Africa Turkey Europe, Middle East, Africa China India Indonesia Korea Malaysia Philippines Taiwan Thailand Asia Source: Bloomberg So, a rise in the Index implies an increase in the production of food, electricity, housing, and steel, and points to future global economic growth. As shown in the above chart, the BDI has doubled since early August and tripled year to date. A big slowdown in global economic activity doesn’t seem to be in the cards. A Good Story The facts, however, seldom present an obstacle that a good media story can’t overcome. Such was the case with the media-induced, emerging-market selloff ahead of the Fed’s anticipated “taper” announcement. The story—or at least a chapter from it—went something like this: Emerging markets are carrying big current account deficits… any twist of the Fed’s liquidity spigot will slow the flow of Western capital into emerging economies and aggravate the deficits… a rise in interest rates would ensue… higher rates will slow economic growth… better to sell emerging markets and their currencies ahead of these events. The sand in the ointment that lubricated the media jaws is that “emerging markets” is not a homogenized thing, but an array of countries with distinct economic and fiscal profiles. For a real-world perspective, let’s look at the 21 emerging markets as defined by the MSCI Market Index. Here they are, sorted by region, with countries that run a current account deficit shown in red, and those with a surplus shown in green: The skies were clear as we started final approach into Changi International Airport. Still several kilometers out in the Singapore Strait, dozens of container ships sat idle, tethered to the seabed, and seemed to stretch clear to Batam Island, part of the Indonesian archipelago. Each ship formed part of a nautical queue and waited its turn for cargo to be transshipped or offloaded at Singapore’s port terminals. Singapore is the world’s second-busiest port in terms of cargo tonnage, and number one for the transshipment of cargo. This volume of traffic and trade has turned the Singapore Strait into a major link in one of the world’s most strategic shipping lanes that connects the South China Sea with the Strait of Malacca, and all destinations west. The above anecdotal observation from my window seat aligns with recent action in the Baltic Dry Index (BDI). The BDI is an indirect measure of global supply and demand for shipping capacity. The index acts as a leading indicator in that it measures the demand for “dry” commodities (grain, coal, timber, ores) that are the raw materials used in intermediate and finished-goods manufacture. America’s Hmmm… I see a pattern here. The farther east you look, the greener it gets. It’s pretty obvious that most Asian markets were smeared as card-carrying members of the current-account-deficit club, a grossly inaccurate generalization. Indonesia, by the way, hiked interest rates in early September and revised its GDP estimate for 2013 lower to 6%, a growth rate that countries in the left and center columns of the table are yearning to achieve. Without Us, You’re Toast In 1965, Singapore, following a decade of strife to attain self-rule, became an independent nation. The thumb of British colonial occupation was lifted. The prognosis from the foreign press was immediate and unequivocal: Singapore was doomed. The only question was when. Britain had agreed to maintain its military bases in the country, the primary source of security and economic support for the fledgling country. The bases were a hundred-million-pound burden on the British treasury—closure was inevitable. A British withdrawal from Singapore was compared to the decline of the Roman Empire, where law and order collapsed as the Roman legions retreated and barbarians filled the vacuum. The latest round of emerging-market skepticism, concocted and perpetuated by an ill-informed Western media, embodies the nauseating ideal of Anglo-exceptionalism and is reminiscent of the “you can’t make it without us” conceit of the 20th century. Singapore is not an emerging market, of course, but it was, having clawed its way from backwater trading post in the hinterlands of the British Empire to today’s economic and financial powerhouse. Other Asian nations are following the path it trod, and intra-emerging-market export trends and demographics suggest that the region’s growth story is far from over.last_img read more

Dear Reader This is the last Metals Mining Mo

first_imgDear Reader, This is the last Metals & Mining Monday issue of the Casey Daily Dispatch you’ll be getting this year (we’ll be off for the holidays next Monday), so I wanted to report on 2014 and look forward to 2015. Happily, the news is better than one might imagine based on reading the headlines. Eritrea But first, I feel compelled to object to the recent spate of verbal and legal attacks on international mining companies operating in Eritrea and to encourage you to do the same. The issue is that the government has a “National Service” pseudo-law that compels not just a brief period of military service, but all men and women between 18 and 40 to accept government jobs as directed. I agree with the critics that this is a form of slavery that should be opposed on ethical grounds. It’s also enormously destructive economically and should be abolished immediately on practical grounds. This is no coincidence; contrary to Hollywood portrayals, evil is not good for business. I have been to the country, and I’ve visited several operating and dormant mines there. I’ve spoken with Eritreans who are ecstatic to have good jobs at modern facilities, with health clinics and other benefits. The truth is that miners do everything they can to avoid hiring National Service employees, precisely because slave labor is not productive, not diligent, not careful, and not good for business. And because the physical work of mining is for young people, Eritrea’s National Service drains the most important labor pool of eager, hardworking talent. This makes mining a force for positive change in Eritrea—the largest taxpaying force for economic and humanitarian sanity in the country, in fact. Canadian miners like Nevsun (NSU, NSU.TO) should be encouraged, not sued by misguided NGOs nor lambasted by misinformed politicians. I wish I had their contact information so I could set the record straight. But that’s the world we live in. Just don’t you be fooled by misleading headlines about slave labor in Eritrea’s private-sector mines. The implied image of prisoners in chains couldn’t be further from the truth, and the obstruction of the only major force for good in the country is completely counterproductive. Doug Casey Also, I should mention that Doug will be speaking at the Hong Kong Mines and Money show March 23-27, and the organizers are offering Casey readers a discount. On behalf of your Casey metals team, I wish you and yours very happy holidays and many more to come. Sincerely, Gold Junior Stocks (GDXJ) 24.15 27.26 29.02 Gold Producers (GDX) 18.53 19.19 20.50 One Year Ago Rock & Stock Stats Last One Month Ago Oil 57.13 74.50 99.04 TSX (Toronto Stock Exchange) 14,468.26 14,980.15 13,392.20 Silver 16.08 16.13 19.15 Gold 1,195.90 1,182.98 1,193.60 Silver Stocks (SIL) 9.10 9.69 10.57 Louis James Senior Metals Investment Strategist Casey Research Gold (SGE) 1,204.78 1,195.45 1,234.61 Copper 2.88 3.05 3.34 TSX Venture 676.54 782.45 887.17last_img read more