Local Roundup: Forecast, league match-up pushes back start of Lakin tourney

first_imgFerndale >> Today’s potential rain and one remaining Big 5 League game have forced officials to push back the start time of the Charlie Lakin Baseball/Softball Tournaments originally scheduled to begin today.With today’s forecast providing a 100-percent chance of rain, both baseball and softball tournament games have been pushed back to later this week.“An updated schedule of all tournament games will be sent out [Tuesday] morning,” wrote tournament coordinator Jack Lakin in a press release …last_img read more

What is the chance of herbicide resistance in Buckeye Gold — the rubber dandelion industrial crop — jumping over to common dandelion?

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Buckeye Gold (Taraxacum kok-saghyz, also known as rubber dandelion, and rubber root) is a species of dandelion that is of commercial interest for the high quality rubber produced in its roots. However, it is a slow growing species that competes poorly with Ohio weeds in field plantings, and chemical broadleaf herbicides also kill most of the plants. In order to overcome these agronomic shortcomings, scientists are developing herbicide-resistant varieties by a number of methods, including selection, transgene insertion, and gene editing. However, the release of such germplasm raises the question of gene flow between Buckeye Gold and its ubiquitous weedy cousin, the common dandelion (T. officinale). Could herbicide resistance in Buckeye Gold transfer to common dandelion? Can Buckeye Gold and common dandelion interbreed?We have surveyed common dandelions around the world. In North America, we have found only triploid obligate apomictic common dandelion plants. These produce clonal seed with exactly the same chromosomes as the mother dandelions. Thus, common dandelions cannot be fertilized by pollen from the rubber dandelion, which is a sexual diploid, like people. However, because rubber dandelions produce seed with two sets of chromosomes, one from the mother and the other donated by pollen from a father plant, it may still be possible for common dandelion to pollinate Buckeye Gold dandelion.To address this possibility, unidirectional reciprocal crosses were conducted and progeny were evaluated with molecular markers. In addition, natural hybridization was quantified in plants produced by seed collected from Buckeye Gold plants grown in open sided greenhouses surrounded by natural common dandelion infested meadows over three years (~3.35 million Buckeye Gold plants in all). Hybrids were only detected during one of these years, at a rate of one in 100,000, when pollination was augmented with bee hives. Common dandelion pollen, from a number of mothers, used to fertilize Buckeye Gold flowers, produced low seed set and seeds with a low germination rate.The very rare, true hybrid progeny, from both natural and deliberate methods, looked more like common dandelion (thin, yellowish green, lacerate leaves), than rubber dandelion (thick, bluish green, slightly lacerate leaves). Only a few of the hybrids produced viable (clonal) seeds, whereas the rest were sterile. Seeds produced by these apomictic hybrids established and produced apomictic progeny when in competition with perennial rye grass in planting boxes, similarly to common dandelion, which the weaker Buckeye Gold could not do. What does it mean?In conclusion, gene transfer to common dandelion via Buckeye Gold pollen, appears not be possible. In the opposite direction, very rare hybrids produced by Buckeye Gold mothers pollinated by common dandelion fathers cannot accept pollen from either dandelion species, and so cannot backcross into common dandelion. This means that it does not appear possible to transfer herbicide resistance from potential herbicide resistant Buckeye Gold varieties to the common dandelion. However, the ability of very rare, potentially herbicide resistant, hybrids to persist and become weedy is not yet known.The scientific article behind this report may be accessed at Ecosphere 9(2):e02115. Doi: 10.1002/ecs2.2115 Katrina Cornish, is a joint Professor in Horticulture and Crop Sciences and Food Agricultural and Biological Engineering. She can be reached at 330-263-3982, or cornish.19@osu.edu. This column is provided by the OSU Department of Food, Agricultural and Biological Engineering, OSU Extension, Ohio Agricultural Research & Development Center, and the College of Food, Agricultural and Environmental Sciences.last_img read more

ReadWriteWeb Events Guide, 31 October 2009

first_img1 – 3 December 2009: London, EnglandOnline Information & IMS 2009Online Information and IMS together create the largest event dedicated to the information industry. Consisting of an exhibition delivering over 9,000 visitors from 70 countries, a conference and a show-floor seminar program, the event provides an annual meeting place for the global information industry.Online Information is once again set to play host to thousands of information professionals, information end-users and publishers from around the globe, meeting suppliers of online content, e-publishing, and library management solutions. IMS provides a forum for IT, business, and information management professionals to find unlimited, relevant advice, educational content and compare solutions under one roof. Attend IMS and meet suppliers of content management, search solutions, and Web 2.0 technologies.1 – 3 December 2009: Boston, MassachusettsGilbane Conference BostonJoin us at the sixth annual “Gilbane Conference Boston: Content, Collaboration and Customers.”Your content is your business, and you need to make your Web content part of an integrated platform forcustomers. You need to know solutions and technologies that are ready to be implemented today. Gilbane Conference Boston is built around the four major areas of how enterprises use Web and content technologies:Web business and engagement;Managing collaboration and social media: internal and external;Enterprise content: searching, integrating and publishing;Content infrastructure.Visit www.gilbaneboston.com for conference details. ReadWriteWeb readers, use the discount code “GILBANE” to save an additional $200. Register today!1 – 3 December 2009: San FranciscoSupernova Why Tech Companies Need Simpler Terms of Servic… 15 – 16 March 2010: London, England2nd Annual Social Networking World Forum — LondonThe 2nd Annual Social Networking World Forum takes place at the Olympia Conference Centre in London. The two-day event features four dedicated conference streams: 18 – 19 November 2009: San FranciscoGreenBeat 2009VentureBeat, the leading innovation-focused business blog, will host the seminal conference on The Smart Grid, November 18-19 in San Francisco. GreenBeat 2009 brings together the nation’s 500 leading entrepreneurs, investors, utility and technology executives, policymakers and press to affect accelerated development of a leaner, more efficient electrical grid. With participation by Al Gore, former Vice President and Nobel Prize Winner; John Doerr of Kleiner Perkins; and industry leaders, including from Cisco, Tendril, PG&E, expect lively discussion and power networking. The program will highlight new technologies and explore the opportunities afforded by the stimulus package. For more, visit www.greenbeat2009.com.ReadWriteWeb readers, save 20% on regular price tickets with discount code GREENRWW09 here.19 November 2009: Mountain View, CaliforniaUnder the RadarFeaturing the most cutting-edge mobile startups from around the globe, Under the Radar will get you dialed in to what the 2010 mobile innovation marketplace will look like. It’s a must-attend event for dealmakers from global carriers, brands, media companies, and handset manufacturers responsible for helping their companies leverage new mobile technology and innovation in the fast-evolving digital landscape.Save $200: book by 2 October 2009, and get the early-bird rate.30 November 2009New Way to WorkDo you have a great story about your work environment? Job marketplace Elance and Vator.tv have partnered to host the “New Way to Work” competition, with a grand prize of $10,000 in cash or health insurance for the most compelling story. You can tell your story on Vator.tv, the premier platform for entrepreneurs to broadcast their voice, by uploading a video, posting an update, linking to a blog entry, or sharing a photo. Hurry, the competition ends on 30 November 2009. 9 – 10 November 2009: Santa Clara, CaliforniaSocial Networking World Forum — CaliforniaThis event taking place at the Santa Clara Convention Center actually consists of three conferences: two days dedicated to social networking, one day dedicated to enterprise social media, and one day dedicated to social TV. Key speakers include social networking publishers, advertising agencies, industry analysts, software developers and equipment manufacturers, pay-TV and network service providers, mobile operators, and more. 11 – 12 November 2009: Denver, ColoradoDefrag 2009 ConferenceAs online data is growing and fragmenting at an exponential pace, individuals, groups and organizations are struggling to discover, assemble, organize, act on and gather feedback from that data. In the largest sense, we’re all looking to augment the pace at which we achieve insights on raw data — to accelerate the “A-ha” moment.Defrag explores the intersection of topics like:Business intelligenceBusiness process managementSocial computing and analyticsNext-level discoveryEnterprise 2.0Next-gen emailThe semantic Web Time for this week’s events guide. You can download the entire event calendar in iCal format or import it into your Google Calendar. You can also import individual events using the link beside each entry. This events guide is a weekly feature here on ReadWriteWeb. We publish it every weekend, as good a time as any to review your conference plans.Know of an event taking place that should appear here? Let us know in the comments below or contact us.2 – 5 November 2009: San FranciscoEnterprise 2.0 ConferenceThe Enterprise 2.0 Conference is the largest gathering for people ready to connect teams and harness collective intelligence with social tools and 2.0 technologies. Enterprise 2.0 includes visionary keynotes, informative sessions, case studies and an Expo Pavilion featuring the latest technologies. Register today and save 20% (code: CNGXES07) or get a free Pavilion Pass (code: CNGXES01). Related Posts The Supernova Conference is the thought-leadership forum for the network age. It brings together over 500 business, government and technology influencers to understand how decentralization and pervasive connectivity are changing our world. It’s the only conference to focus on how networks have become the main instruments of change from both business and social perspectives.An ever-evolving network itself, the conference has become the place for highly interactive and spirited debates, making significant business connections and revelations on new innovation.ReadWriteWeb readers get a discount of $700 off the regular price when registering by 16 October 2009. Use code “RRW09”. After October 16th, the discount changes to $200 off the regular price. Register here.7 December 2009: San FranciscoSF MusicTech SummitThe SF MusicTech Summit brings together 600+ visionaries in the music/technology space, along with the best and brightest developers, entrepreneurs, investors, service providers, journalists, musicians and organizations who work with them at the convergence of culture and commerce. We meet to discuss the evolving music/business/technology eco-system in a proactive environment, highly conducive to deal making. Register with a great ReadWriteWeb 15% discount. andrew lobo A Web Developer’s New Best Friend is the AI Wai…center_img Tags:#Events Guide#web 4 – 5 November 2009: Raleigh, North CarolinaInternet Summit 2009Internet Summit ’09 will feature over 75 speakers, including representatives of major Internet brands such as Twitter, Pandora, Google, Salesforce.com, Digg, Technorati, CBS Interactive, Huffington Post, Blogger, Tree.com, and many more.Topics will include social media, blogging, real time, mobile, video, search, online advertising, e-commerce, analytics, the cloud, and more.Join over 1200 entrepreneurs, senior marketers, and executives in the conversation about the future of the industry and how to capitalize on the shifting dynamics of the Internet and tap into its unlimited business potential.5 – 6 November 2009: SydneyMedia140 Sydney: Future of Journalism in the Social Media ageNews broadcasting is evolving. Citizen journalists are coming to the fore, saving lives by tracking brush fires and changing the course of history at elections.Media140 Sydney addresses the changing face of journalism. Partnered by ABC, we bring together Australia’s leading lights in journalism, broadcasting, blogging and citizen journalism. Are Twitter and the real-time Web truly shaking up traditional media?Tickets from $165. Register at www.media140.com/sydney using promo code “readwrite” for a 20% discount.6 November 2009: New York CityTEDxEAST – Developing World IdeasTEDxEast is the first TEDx conference in New York City. New York has long embodied the motivated, independent spirit of TED- and now we’re harnessing that spirit in a unique TEDx event. The inaugural TEDxEast event will bring together remarkable people and ideas from the NY metropolitan area and beyond. Our “Developing World Ideas” theme is an exploration of the people and processes that drive “world ideas” – as told through stories that resonate on a global stage.The invite-only, half-day program will inspire and educate with a roster of today’s thought leaders and tomorrow’s innovators. Speakers include Dr. William Duggan, Wendy Kopp, Suzy Welch, Dr. Naif Al-Mutawa and John Wood (for bios click here). The program will also include music & dance, short talks and TEDTalks video screenings. The day is designed with breaks within the program for those attending to talk and connect surrounding these ideas. This event is being held on November 6, 2009 from 1:00 to 6:00 pm in New York City. Refreshments will be served during the event with a hosted wine-tasting afterward. Details surrounding location and logistics will be sent once the guest list is finalized.To apply for this TEDxEast event, please click here.6 – 8 November 2009: Savannah, GeorgiaGeekend 2009Geekend 2009 is an interactive conference that brings together geeks from all walks of life for three days of cutting edge speakers, expert panels, afterparties, networking and mash-up opportunities. Speaker highlights include Major Nelson of Xbox Live, renowned designer David Carson, Eric Snowden of Atlantic Records, Joey Hasty of Disney, and Matias Corea of Behance, among many others. Get your geek on and enter “RWW” for $30 off the full price weekend badge. Top Reasons to Go With Managed WordPress Hosting 7 – 11 December 2009: Chicago, IllinoisSearch Engine Strategies 2009From social media to local search to video SEO, Search Engine Strategies Chicago puts you in front of the experts who will help you sort which technologies and channel will take you to the next level and which are just hype.Search Engine Strategies is the pioneer of educational conference series in search engine marketing. It’s the venue where the industry visionaries and thought leaders gather each year to discuss the newest trends, share insights and present the strategic action plans you need to grow your business. Sessions include:SEO Through Blogs and FeedsDuplicate Content and Multiple Site IssuesWhat’s the Link Between Search and Social?Online PR: Where to Next?Search AnalyticsSee more at www.SearchEngineStrategies.com/chicago. ReadWriteWeb readers receive a 15% discount when registering here using RWW15 code.11 December 2009: Mountain View, CaliforniaAdd-on-ConAdd-on-Con is a single-day conference focused on the future of the browser and its emergence as a platform.Developer sessions will cover best practices, cross-browser development and mash-ups. Marketing sessions will focus on monetization opportunities, distribution strategies and stats. Join 200+ individuals involved in add-on development to help define an emerging new market in the Web’s eco-system.ReadWriteWeb readers save $50 by using the discount code “addoncon09RRW.”27 – 28 January 2010: Amsterdam, The NetherlandsEnterprise Social 2.0: Rip or ROI?This senior executive event will bring together decision makers from the Top Fortune companies to discuss innovative strategies on how to maximise business performance through social media engagement. The event will include keynote speeches, best-practice presentations as well as interactive discussion sessions.The summit will provide excellent opportunities for you to hear international experts discuss best practices on how to drive business performance using Web 2.0 and social media. Key issues to be discussed include:How to integrate social media programs successfully into business strategies?Building business momentum, visibility and market growth through social mediaMeasuring success and influence using metrics and analytics: what are the tools and techniquesIntegrating viral marketing and social media into traditional marketing mixDeveloping and activating audiences using social media channels such as Twitter, Facebook, blogs Joint exhibition combining social networking and enterprise social media formatsPre-show online meeting planner for delegatesDiscount for early booking (expires September 25th)Free pass for exhibition only Download this entire events calendar in iCal format. Social Networking World ForumEnterprise social mediaSocial TV World ForumMobile Social Networking ForumThe event features key speakers from global brands, organizations, social networking publishers and developers, pioneering social media leaders, top agencies, content producers, and more.Full workshop program within exhibition areaEvening networking receptionPre-show online meeting planner for delegatesFree pass for exhibition only 10 – 13 November 2009: Las VegasPubCon VegasPubCon Las Vegas is a multi-track educational conference hosted by SearchEngineWorld & WebmasterWorld. PubCon events are for thought leaders and professionals in search engine and Internet marketing to gather and to share best practices in the design, development, promotion and marketing of their Internet businesses and brands. PubCon London 2009 is a social networking event. 8 Best WordPress Hosting Solutions on the Marketlast_img read more

Should Batt Insulation Be Outlawed?

first_imgI can’t blame the installers; they are just trying to make a living, and it’s not fun work. The insulation contractors get away with deficient work because most general contractors don’t call them on it, and on the rare occasion that they do have to come back and rework a job, they probably just absorb the costs (or make their installers redo it on their own time) and go back to doing the same poor-quality work on the next job. If installers were paid a fair wage to do a high-quality installation, we would have better-performing buildings and, ultimately, happier clients. But in an ever more competitive construction environment, this is not likely to become a mainstream practice anytime soon.Can we outlaw a product?In our free society, it is tough to make something illegal—unless, of course, it makes someone happy; then someone, somewhere, will definitely want to stop people from using it. So, if we can’t make fiberglass batts illegal, maybe we can limit their use to trained contractors whose work is supervised and inspected regularly, and who are held accountable for the quality. That would probably raise the installed cost of the product, likely to a level at or above the generally superior blown-in materials.I actually don’t have a problem with batts as a product, but as an installed system, they rarely make the grade. I realize that there are some high-quality installers who are capable of doing an excellent job, but they are few and far between. We get what we pay for, and when we only pay bottom dollar for fiberglass batts, we get the performance we deserve. Unfortunately, the person who suffers is the homeowner who usually doesn’t know any better. OC Installation Brochure.pdf A significant amount of my work these days is certifying homes under one or more of the available green building programs in my area, including EarthCraft House, LEED, and the National Green Building Standard. Recently, I have inspected several homes that were insulated with fiberglass batts, and, not surprisingly, the quality of the installation was dismal. What I saw could have been an instruction manual on how not to insulate a house. Batts were cut 2 to 3 inches wider than the stud spacing and crammed into the cavities. Not a single batt was split around a wire or pipe, nor were they cut around electrical boxes. Air barriers everywhere were missing. In most cases, the contractor used batts because the homeowners were unwilling to pay the extra cost of a blown-in product, and the contractor was unwilling to absorb the cost of the upgrade.What about just doing the job right?I have contended for a while now that even though fiberglass batts are definitely very cheap, like most things, you get what you pay for. Unfortunately, most insulation contractors pay their installers by the square foot, regardless of the quality, and they just blow through their jobs, cramming in batts as fast as they can, ignoring building codes and manufacturer’s instructions as they go. RELATED ARTICLES Batt Insulation is Still Making Me BattyInstalling Fiberglass RightGrading the Installation Quality of InsulationGBA Encyclopedia: Batt and Blanket Insulationlast_img read more

Interview How Smart Are Your Ships

first_imgBecoming “smart” in the shipping industry has been a hot topic over the recent period as the rise of technology promises to unlock numerous benefits, ranging from cost cutting to improved productivity and effectiveness.Smart containers, smart ships, smart ports are the buzzwords being repeated on a daily basis. But the question is: how to make a smart decision when choosing the right technological solution for one’s fleet or business operation?To help answer that question, the American Bureau of Shipping (ABS) has issued Guidance Notes on Smart Function Implementation to help owners use technology to achieve their operational targets.Smart technology is aimed at helping collect, process, and perform advanced data analytics, in order to allow the people using that technology to make more informed decisions.Image Courtesy: ABSCommenting on the launching of the guidance, Derek Novak, Senior Vice President, Engineering and Technology, ABS, told World Maritime News that the key goal was to recognize “that the industry is embarking on a journey towards smart functionality, with more smart equipment and systems being installed on vessels every day.”The drivers from the industry that prompted drafting of the notes are twofold, according to Novak.“Owners and operators want guidance to enable them to truly take advantage of the technology on their vessels to improve operational performance, asset maintenance, or to have a less intrusive class experience. The driver from the equipment manufacturers, who are putting their products on board the vessels, is that they want recognition from class that allows for owners and operators to easily realize the benefits of the technology that they have placed on their assets,” he said.“If you are building ships or buying modern second-hand tonnage, then ABS can look at what you have on board and help you take advantage of that equipment. A big part of that is being able to adopt technology and have confidence in what it can do for you. It’s not expensive, certainly not to get started and this kind of technology is increasingly going to be found on ships coming out of yard as standard equipment.”Hence, smart functionality is not intended only for the big players. According to Novak, it’s more about the mindset of taking the technology you may already have and work out how to make that technology fit your goals.Main Concerns of Owners and OperatorsFor some owners, the use of new technology can be overwhelming and they don’t know where to get started, Novak continues.“We have seen a spectrum within the industry and there are many owners who are interested in using technology to their advantage and are trying to figure out how to get smart functions on board.“The process to implement these technologies needs to be flexible to allow for further advances, but to get the process started we suggest that the owners have a specific goal in mind, for example to improve operational efficiency, to make surveys less intrusive, or to improve performance of the asset overall.“We work with owners through a process one step at a time to leverage the technology; that’s our unique approach. What we provide is a well-designed framework that will let them set and achieve their goals.The idea of the guidance is to take owners to a place where they can leverage technology today to meet the defined goals of their businessIn addition to setting the goal you want to achieve and choosing the right equipment to do so, there are potential downsides to improper implementation of the technology. Basically, there is a risk that an owner will not get the benefit out of the technology they have bought.“It can happen, especially where systems are very complex. The main reason why we see this issue is companies not understanding what they want the technology to do for them; they do not have a goal in place. As we’ve said, just paying for technology is not going to help, when what they really need is a plan.“Nobody puts digital technology on a ship just because it’s interesting; we’re not in an environment where owners have that luxury. If one buys equipment with state-of-the-art technology they should expect to have it work in their favor. For us it’s a process of helping owners to set a goal, to use the technology to achieve that specific goal.”Is the Industry Ready to Embrace Smart Shipping?Novak believes that a considerable portion of the industry is ready to embrace smart shipping and for some straightforward reasons.“We are living in an era of increasingly demanding regulation and that is driving the collection and reporting of data that has a ‘smart’ element. Secondly, the industry increasingly understands how to use technology to find value and benefit to their operations, so they are moving in the right direction,” he pointed out.Over time, as the benefits of the technology become embedded, Novak believes flag states and regulators may recognize that having this information available could provide some equivalency to the way that requirements are being fulfilled now.“There will be early adopters who get in there first and pick up the opportunity more rapidly but in the long-term, smart functionality is a philosophy the industry will squarely get behind,” he added.As explained, smart functionality is part of the industry’s journey to autonomy.“Years ago most vessels were pretty basic in terms of data technology and humans made a majority of the decisions,” he said.“Now we’re at the stage of collecting and analyzing data so that humans can make better decisions: that’s ‘smart’. If you look at the world we are heading towards, the next step is semi-autonomous where the machines can take decisions with humans providing oversight and intervention.”The last step is full autonomy, and for that, “we are going to need a lot more information about operations and maintenance,” according to Novak.“To get down that path, you really need to take that step fully into smart before you can truly go towards autonomy.”Can BigData Live Up to the Hype Seen Over the Recent Period?“For us, avoiding the hype and gaining the benefit of big data is all about focusing on what you need to know. You can collect data from many different locations but it’s the value it provides and the information it delivers that contributes to better decisions,” Novak said.“If you don’t understand why you’re looking into operational data then yes, it could be a lot of hype. If you want certain questions answered and you want data to help you with those goals, that’s when big data can be a huge asset.“Let’s not forget we are in the era of IMO 2020 and looking ahead to the IMO’s requirements for carbon emissions reductions after 2030 and 2050. We are going to need to collect and analyse a lot of data – much more than we have now – on vessel operations if we are going to be able to meet a challenge on that scale.”Interview by Jasmina Ovcina Mandralast_img read more

Husky gets OK from Saskatchewan government to restart pipeline after major spill

first_imgREGINA – The Saskatchewan government has given Husky Energy the OK to restart a pipeline after a major oil spill along the North Saskatchewan River that fouled the water source for three cities.The government said in an email to media on Thursday that testing, inspection and evaluation of the repairs to the line have been done.In July 2016, the pipeline leaked 225,000 litres of heavy oil mixed with diluent onto a riverbank near Maidstone, Sask. About 40 per cent of the spill reached the river.The oil plume flowed hundreds of kilometres downstream and forced the cities of North Battleford, Prince Albert and Melfort to shut off their water intakes for almost two months.Husky’s own investigation determined that the pipeline buckled because of ground movement. The company has said it accepts full responsibility and is using what it learned to improve operations.The government email said measures have been taken to reduce the risk of a future failure at the same spot. They include thicker pipe on the sloped portion of the pipeline.Other steps include adding meters to monitor the rate of ground movement, state-of-the art fibre optics to track pipeline strain and slope movement.Husky will also have to submit weekly data from gauges measuring strain on the pipeline and submit an engineering assessment every 12 months of where the pipeline crosses the river.Part of the concern in the Husky spill was over how it was reported.The government was first told by a member of the public who spotted oil on the river. Government investigators later determined that the leak began July 20, the day before the spill was discovered. They found that the pipeline’s alarms were warning of potential problems and continued until the line was shut down for scheduled maintenance at 7:15 a.m. on July 21.Husky Energy has said pipeline monitoring indicated pressure anomalies at 8 p.m. on July 20 and the company started a shutdown at 6 a.m.Saskatchewan’s Justice Ministry is still reviewing Husky’s response to alarms before the spill to decide whether charges should be laid.Husky could face fines of up to $1 million a day under the Environmental Protection Act and $50,000 a day under the Pipelines Act in Saskatchewan. There could also be federal charges under the Fisheries Act.last_img read more

Crude awakenings stabilizing oil unlikely to improve the TSXs performance in 2018

first_imgTORONTO – While stabilizing oil prices helped Canadian equities break out of their doldrums in the second half of 2017, investors expecting the Toronto Stock Exchange to catch up with its outperforming global peers in the new year should instead anticipate more modest returns with the add-on of greater market volatility.“Despite being flat in the early part of the year and then posting some gains here in the back half of the year, the swings in equity prices on the S&P/TSX composite index have been incredibly small by historical standards,” said Craig Fehr, a Canadian markets strategist with Edward Jones. “And so I think the first thing we can expect from the TSX is much bigger swings in prices, much more volatility on a daily and weekly basis.”“All that said, I think there’s still more gas left in the tank for this bull market,” he added, referencing the eight-plus years of global gains since the dark days of 2009 in the wake of the last recession. “I think we can see positive returns again in 2018. I would expect them to be relatively muted so … Canadian equities, domestic equities, still underperform international markets.”After hitting a record high of 15,922.67 on Feb. 21, the TSX steadily declined to a low of 14,951.88 by Aug. 21, down 2.2 per cent on the year at the time. A resurgence in oil — which saw crude prices rally from a 2017 low of US$42.53 per barrel on June 21 to a barrier-breaking high of US$60.42 on the final trading day of the year — sparked a surge in energy shares that saw the TSX complete its first of many record closes in the latter half of 2017. By Dec. 27 and Dec. 28, the TSX closed at consecutive record highs of 16,203.13 and 16,221.95, respectively. It finished 2017 at 16,209.13, ahead 921.54 points or about six per cent on the year.By comparison, Wall Street’s S&P 500 index — the American equivalent to the TSX — gained 434.78 points or about 19 per cent in 2017. The Dow Jones industrial average added 4,956.62 points or about 25 per cent, and the Nasdaq composite index gained 1,520.27 points or about 28 per cent.One the most dominant themes in equity markets in 2017 was the trend toward stability from cyclicality in an otherwise uncertain political and geopolitical backdrop, said Candice Bangsund, vice president and portfolio manager at Fiera Capital. This saw the more defensive U.S. equity markets, which are heavily weighted towards technological growth, thrive last year. Meanwhile, the cyclically-based Canadian equity markets made up primarily of financial, energy and materials sectors were largely underappreciated.While oil is a key influence on the commodity-heavy TSX, economist Todd Mattina of Mackenzie Investments said he expects it to remain range-bound around its current level of US$50 to US$60 a barrel going into the new year — a level that will not really help the index in a meaningful way.“The TSX has benefited in recent months because of the strong rally in oil prices. But there’s a number of uncertainties going into 2018 that also cloud the outlook,” he said. “One of them is how much further can oil prices rally? … To the extent that higher oil prices since September have supported gains in the TSX, a risk factor in 2018 is that oil prices could run into resistance if U.S. shale producers increase production at today’s higher price levels.”Still, oil only touches upon one of several possible risks for the TSX in 2018, Mattina added. “The oil price outlook is not the driver of our bearish view of Canadian stocks. We are underweight the Canadian stock market because valuations are not highly attractive relative to other major stock markets and our indicators of investor sentiment look bearish.”He said that in addition to the policy uncertainty around ongoing NAFTA renegotiations, another factor weighing on the TSX is the perennial concern about very high levels of Canadian household debt and how that will affect consumer spending in the forthcoming years. Statistics Canada reported in December that household credit market debt as a proportion of household disposable income increased to 171.1 per cent in the third quarter of 2017, up from 170.1 per cent in the second quarter. That means there was $1.71 in credit market debt, which includes consumer credit and mortgage and non-mortgage loans, for every dollar of household disposable income.While consumers were the dominant engine behind growth last year amid solid employment gains, Bangsund said she expects trade and business development to take the baton in 2018 as earlier fears of a U.S. and global economic slowdown have proven unfounded in 2017. That could see the cyclical segments of the market that favour Canadian equities regain leadership performance.“The TSX will be the main beneficiary if that scenario of stronger growth and rising commodity prices does continue into 2018 due to that cyclicality of the Canadian stock market,” she said.A 2018 global market outlook report by Russell Investments Canada Ltd. also supports higher Canadian equity prices due to late-cycle tailwinds while still cautioning that it also expects volatility to be higher over 2018 versus 2017 as markets start to consider the timing of the next recession. Given this uncertainty around the domestic equities, the Russell report concluded it’s “modestly positive on Canadian equities with a price target of 16,900 for year-end 2018 for the S&P/TSX composite index.”Should Canadian equity returns in 2018 mirror those of the prior 12 months, Fehr said investors should keep in mind that while that doesn’t stack up well against the juggernaut momentum seen in other global markets, they are still relatively healthy gains.“For the Canadian market by historical standards it’s certainly solid,” he said. “It’s underperformance but it’s positive performance, so it’s not terrible.”Follow @DaveHTO on Twitter.last_img read more

Business Highlights

first_img___GM says it has 2,700 jobs for workers slated to be laid offDETROIT (AP) — The General Motors’ massive 14,000-person layoff announced last month might not be as bad as originally projected. The company said Friday that 2,700 out of the 3,300 factory jobs slated for elimination will now be saved by adding jobs at other U.S. factories. Blue-collar workers in many cities will still lose jobs when GM shutters four U.S. factories next year. But most could find employment at other GM plants. Some would have to relocate.___Stocks plunge to 8-month lows on growth fears; J&J nosedivesNEW YORK (AP) — Stocks fall sharply on Wall Street, shaving 496 points off the Dow Jones Industrial Average, as traders worry about signs of weaker economic growth in China and Europe. Disarray mounts surrounding Britain’s impending departure from the European Union. Johnson & Johnson plunged after Reuters reported the company has known for decades that its talc sometimes contained asbestos, a claim the company denied.___Detentions raise fears, cast doubt on China’s policiesWASHINGTON (AP) — By detaining two Canadians in an apparent act of retribution, China is making itself look like the country its harshest critics say it is: one unbound by the laws, rules and procedures that govern other major industrial nations. Canada’s arrest of a top Chinese technology executive at the request of the United States has set off a diplomatic furor with Beijing.___Scandal-plagued CBS grants $20M to 18 women’s rights groupsNEW YORK (AP) — CBS is pledging to give $20 million to 18 organizations dedicated to eliminating sexual harassment in the workplace as the network tries to recover from the scandal that forced the ouster of its top executive, Les Moonves. CBS said Friday that the money will go toward helping the organizations expand their work and “ties into the company’s ongoing commitment to strengthening its own workplace culture.”___J&J hammered by report it knew of asbestos in baby powderNEW YORK (AP) — Johnson & Johnson is forcefully denying a media report that it knew for decades about the existence of trace amounts of asbestos in its baby powder. The report Friday by the Reuters news service sent company shares into a tailspin, suffering their worst sell-off in 16 years.___EU leaders approve small steps to buttress euro currencyFRANKFURT, Germany (AP) — European leaders have agreed to press ahead with a limited, common eurozone budget and other steps to strengthen the currency union’s resistance to downturns and crises. The budget proposal leaves its size undefined. Friday’s deal appeared to fall short of more sweeping ideas pushed by French President Emmanuel Macron.___China suspends tariff hikes on $126B of US cars, auto partsBEIJING (AP) — China has announced a 90-day suspension of tariff hikes on $126 billion of U.S. cars, trucks and auto parts following its trade cease-fire with Washington. The suspension follows President Donald Trump’s agreement to postpone planned U.S. tariff hikes on Chinese imports for 90 days while the two sides negotiate over American complaints about Beijing’s technology policy and trade surplus. The Chinese tax agency said the suspension takes effect Jan. 1.___US industrial production climbed 0.6 per cent in NovemberWASHINGTON (AP) — U.S. industrial production climbed 0.6 per cent on surging output at mines and utilities. But manufacturing production was flat. The Federal Reserve says that utility output rose 3.3 per cent as power companies were busier because of unusually cold weather. Mining output rose 1.7 per cent on higher production at coal mines and oil and gas drillers.___Bug may have exposed photos from 7M Facebook usersNEW YORK (AP) — Facebook’s privacy controls have broken down yet again, this time through a software flaw affecting nearly 7 million users who had photos exposed to a much wider audience than intended. The bug disclosed Friday gave hundreds of apps unauthorized access to photos that could in theory include images that would embarrass some of the affected users. They also included photos people may have uploaded but hadn’t yet posted, perhaps because they had changed their mind.___Macron urges calm, Paris police prepare for more violencePARIS (AP) — French President Emanuel Macron is calling for calm as authorities prepare for a possible fifth straight weekend of violent protests on the streets of Paris. Officials plan to deploy armoured vehicles and thousands of security forces against the “yellow vest” demonstrators, who have been angered by high taxes and a sense that the government is detached from the everyday struggles of workers.___The S&P 500 index lost 50.59 points, or 1.9 per cent, to 2,599.95. The Dow retreated 496.87 points, or 2 per cent, to 24,100.51. The Nasdaq composite slid 159.67 points, or 2.3 per cent, to 6,910.66. The Russell 2000 index of smaller-company stocks fell 21.89 points, or 1.5 per cent, to 1,410.81.Benchmark U.S. crude fell 2.6 per cent to $51.20 a barrel in New York. Brent crude, used to price international oils, dropped 1.9 per cent to settle at $60.28 a barrel in London. Wholesale gasoline lost 3 per cent to $1.43 a gallon. Heating oil fell 1.7 per cent to $1.85 a gallon and natural gas dropped 7.2 per cent to $3.83 per 1,000 cubic feet.The Associated Presslast_img read more

BC Hydro will be conducting geotechnical investigations

first_imgHUDSON’S HOPE, B.C. – Starting next week, BC Hydro will be conducting geotechnical investigations in various places throughout Hudson’s Hope.The purpose is to install and commission groundwater monitoring wells. By drilling small test holes at groundwater sample sites in different locations. According to BC Hydro, crews will be at each site for approximately two to three days.Investigations, tests and installations of groundwater monitoring wells will continue until the end of October. What to expect;There will be increased noise and vibration from drilling and hydro-vac trucks. Noise levels will be similar to construction noise.Traffic control personnel and signage will be in place.Work is expected to occur from 7:00 am – 7:00 pm from Monday to Saturday and 10:00 am – 7:00 pm on Sunday.No interruption in utility services will result from this work.last_img read more

Call me by your name Archiving history present of archrivals India Pak

first_imgNew Delhi: Gujarat in India, Gujrat in Pakistan; Hyderabad here and also there; Delhi Gate in Lahore and Lahori Gate in Patiala. Then there is the favourite sweetmeat of many Indians, the Karachi halwa, while the Pakistanis relish Bengali samosa. Some names have withstood the uneasy decades since Partition, standing out like little beacons of oneness in a landscape fraught with hostility but also hope between two neighbours sharing a border and age-old cultural ties. India-Pakistan, locked into a hyphenated relationship of a shared history and a divided present, is not just about rift but also about the many vestiges of unity that have survived seven decades. It’s about the names of streets, shops, monuments, food and more, say historians and others on both sides of the border. With the recent escalation in tensions following the Pulwama terror attack, this legacy has come under increasing strain. The spotlight of unwelcome attention fell on the Karachi Bakery in Ahmedabad and Bengaluru after the February 14 strike, which prompted the first aerial combat between the two countries since 1971 and led to the capture of an IAF pilot by Pakistan on February 27. Wing Commander Abhinandan Varthaman was released almost three days later on March 1. The managements of the two stores were told by vigilantes to hide Karachi’, Pakistan’s buzzing commercial centre, from their signboards. Forced to show their Indianness, they also put up a tricolour along with posters reading that the brand was established in 1953 by a Sindhi, Khanchand Ramnani, who migrated to India after Partition and is “absolutely Indian by heart”. The ripple effect of fear could be seen in other cities, including in the national capital, particularly the historic walled city. “All I can tell you is that we are as Indian as anyone standing or doing business in the street out here. Anyone judging our loyalty for this nation by the name of my shop, which is there for over good 50 years now, is despicable,” said an Old Delhi based trader.last_img read more

India is key focus area 3D printers next big thing

first_imgHouston: India is a very attractive market with high brand recognition for a computer hardware producer like Hewlett Packard, said HP Inc’s President for Asia Pacific and Japan, Tian Chong Ng. The Asia Pacific region — in which India is a key focus area — has been the fastest growing for HP and provided 16 per cent revenue growth last year. In Q1 of FY2019 it registered 8 per cent growth year-on-year, said Ng in the course of the HP Reinvent 2019 conference, the company’s largest global partner event. One reason for that is — India – and also the Asia Pacific region — tick marks on demographics trends which provide clear wins for HP: rapid urbanisation and more millennials are joining the work force. While HP is very positive on India and recognises its potential, there are no plans yet for setting up a manufacturing base in India. Ng said it already has a manufacturing base in China apart from others in Vietnam, Thailand and Japan. “There is an existing ecosystem in China and we don’t have plans for setting up a manufacturing base in India, he said. One focus area is the 3D printer, which offers HP great opportunity. Construction and automotive sectors are the focus areas here. Meanwhile, an MoU has been signed with the Andhra Pradesh government. “To be successful in India demands that we understand it,” he said. HP is also pushing gaming in a big way. However, this has not led to any thinking for manufacturing mobile phones in India, despite the high number of gamers in the country spurred by affordable android phones and cheap data. “Our strength is the PC business and we offer a whole family of products in that space,” Ng said.last_img read more

Pakistans senior Muslim clerics denounce forced conversion of Hindus

first_imgIslamabad: Pakistan’s senior Muslim clerics and representatives from different religions have condemned forceful conversions, saying Islam doesn’t allow such acts and Muslims must provide better environment to minorities in their areas, according to a media report. The remarks made during a joint meeting of the Mutahida Ulema Board (Punjab) and Pakistan Ulema Council on Sunday came amid the nationwide outrage over the alleged forced conversions of Hindu girls in Sindh province. “Islam doesn’t allow forceful conversion of non-Muslims,” the religious leaders said. They agreed that the issue of alleged forced conversion and marriages of two teenage Hindu girls in Sindh province and other subsequent matters should be settled in accordance with the law and justice, the News reported. The meeting – presided over by Chairman Mutahida Ulema Board and Pakistan Ulema Council Muhammad Tahir Mehmood Ashrafi – underlined that Islam is a religion of peace, harmony, stability and its teachings have categorically defined rights for non-Muslims residing in Muslim countries. The senior religious leaders also condemned terror activities being carried out on account of Islamphobia and demanded constitution of a judicial commission to probe the killing of Bahawalpur professor to avert such extremist incidents in future, the paper said. A third-year student at Bahawalpur’s Government Sadiq Egerton College last month allegedly stabbed a professor to death over what he vaguely described as the academic’s “anti-Islam” remarks.last_img read more

Frommhold Royce Johnson might be the future of Ohio State field hockey

At the end of this season, the Ohio State women’s field hockey team will lose four players, including its top three scorers, but the future seems to still be bright. Three women are playing in their first year at OSU — sophomore midfielder Mona Frommhold, freshman midfielder Emma Royce and freshman forward Peanut Johnson. — two of whom lead the team in minutes on the field. Growing up and playing field hockey in Berlin, Frommhold received multiple awards. She was named the best defensive back in 2006 and 2007 at the German indoor championships and the best player at the championships in 2006, 2008 and 2010. She is also a member of the U-21 Germany National Team . As a freshman, Frommhold played in Germany and then transferred to OSU. She said her biggest transition to playing here was combining school and her sport. “We don’t have a college league, we only play in club. The practice between the classes is different than Germany to here,” Frommhold said. Since the first game of the 2012 season, Frommhold has stepped into a starting role. She has started all 17 games, is fourth on the team in goals with six and has tallied four assists. She also has the second most playing time on the team with 1,197 minutes. Frommhold described one lesson she learned from this season so far. “Prepare to have a lot of practice, not only two times per week,” Frommhold said. “Everyday be prepared to practice.” Hailing from Kingston upon Thames, U.K., Royce has played in all 17 games this season and following the season opener has been part of the starting lineup. She has scored two goals and leads the team in playing time with 1,203 minutes. The mental toughness required by players is the biggest lesson Royce said she would take from her first season of college play. “People underestimate how much work and effort and strength you need,” Royce said. “I’m certainly going to prepare myself mentally for not just playing good teams but playing great teams.” Coach Anne Wilkinson said the biggest adjustment for the two international players would be the frequency OSU plays games. “There’s no time to let down … in international (leagues) they don’t, maybe, play three games a week. They’re not used to that grind here … going day in and day out,” Wilkinson said. When it came to Johnson, a Dayton native, Wilkinson said what she learned was “the physicality of the game.” The season opener was the only game Johnson has not played. Since then, she has started six games, come off the bench to play in ten other games and has scored five goals and three assists. Johnson also described the lessons she’s learned from her freshman season. “How much work you put forth as a whole team, like you have to have a common goal and make sure you are on the same page when you are going into the season and each game, and I think that will carry into next year as well,” Johnson said. read more

Commentary Reds Indians need more from All Stars to make run at

Courtesy of MCTMajor League Baseball’s All Star Game featured both up-and-coming players making their first appearance in addition to veterans who have been there many times before. This year’s Mid-Summer Classic saw a pair of Cleveland Indians who had never been invited to the game before and a trio of Cincinnati Reds that have been the part of festivities multiple times. The American League defeated the National League 3-0 Tuesday night, to earn home-field advantage in the World Series.Indians second baseman Jason Kipnis has made an incredible turnaround after a tough start to the season. At the end of April, there was probably not a single Tribe fan who believed he would get invited to the All Star Game. With a batting average hovering around .200 at the beginning of May, it was difficult not to think 2013 may be a long season for Kipnis.However, the second baseman solidified his spot on the American League All Star roster with a terrific month of June, hitting a scorching .419 and posting an on-base percentage of .517, both of which led the AL. Kipnis leads the Indians in hits, RBI, batting average and on-base percentage at the break, and if the they have any chance of making the playoffs they are going to need more of the same from him.Aside from Kipnis, Justin Masterson is Cleveland’s other All Star. Also making his first appearance in the game, Masterson has been the one pitcher for Cleveland that the team has received consistency from during the first half.For the Reds, first baseman Joey Votto seemingly has cemented himself as a member of the All Star Game since winning NL MVP in 2010. He leads the National League with a .434 on-base percentage and is seventh in the league with a .318 batting average. The Reds star leads the league in on-base percentage because his plate discipline is something like we have never seen before, and he refuses to swing at pitches out of the zone.Three-time Gold Glove winner Brandon Phillips typically earns a trip to the All Star game due to his defensive abilities, but his bat is also a good reason he played in New York Tuesday. Phillips’ 74 RBI is second in the NL, and that kind of production from a second baseman can be attributed to him consistently hitting fourth in the lineup, a spot that is designated for driving in runs. Reds manager Dusty Baker has put Phillips in the leadoff or second spot in the lineup in years past, but leaving him to bat after Votto is where he really thrives.Aroldis Chapman made his second appearance at the Mid-Summer Classic Tuesday night. Known as the “Cuban Missile” across baseball for his fastball that tops out over 100 miles per hour, the Reds’ closer is on pace to finish the season with over 40 saves. If it were not for the bullpen in front of him blowing leads prior to the ninth inning, Chapman would easily have another five saves to his name.Kipnis doubled in a run in his only plate appearance Tuesday night, and Masterson was not sent to the hill by manager Jim Leyland. Votto and Phillips both went 0-2, and Chapman was able to show off his skills in the seventh inning as he struck out Adam Jones to end the inning.Regardless of each players production Tuesday night, it’s clear that both Cleveland and Cincinnati need their All Stars to keep playing like All Stars as they push toward the playoffs. read more

Valverde dismisses contract talks

first_imgBarcelona manager Ernesto Valverde has revealed he is not worried about his future at the club as he dismisses speculation regarding signing a new contract.The former Athletic Bilbao manager’s deal with the Catalan club expires at the end of the season and the 54-year-old has continually been unwilling to speak about a new contract.Valverde won the league and cup double in his first season in charge but Barca suffered a shock Champions League quarter-final exit to Roma in 2017-18.The former Barca player was asked about his future again after the club’s 4-2 win over Sevilla on Saturday, however, he insists his focus in on the upcoming clashes with Inter and fierce rivals Real Madrid.“My future at Barca does not matter to me, I do not care,” said Valverde, according to FourFourTwo.David Villa, SpainQuiz: How much do you know about David Villa? Boro Tanchev – September 14, 2019 Time to test your knowledge about Spanish legendary forward David Villa.“I’m focused on the two matches that come and the noise that there is always around the team is the usual and you cannot do anything.”Barcelona’s win against Sevilla came at a heavy cost after captain and talisman, Lionel Messi fractured his arm at Camp Nou.The Spanish champions, who are a point clear atop LaLiga, next face Inter in the Champions League on Wednesday at the Camp Nou before entertaining Madrid in Sunday’s Clasico.last_img read more

Suso Atletico Madrid were interested in signing me

first_imgAC Milan midfielder Suso revealed that a return to his native Spain over the past two summers has been a possibilityThe Spaniard joined Milan from Liverpool in January 2015 and has since emerged as one of the most promising talents in the Serie A.In light of this, Suso had been linked with a return to Liverpool along with a switch to Tottenham in the Premier League last season.However, Suso remained at the San Siro and has continued his fine form this term with four goals and eight assists in 12 Serie A matches.David Villa, FC BarcelonaTop 10 players who played for both Barcelona and Valencia Boro Tanchev – September 14, 2019 Time to talk about the best players who represented both Barcelona and Valencia, prior to their La Liga encounter at Camp Nou this evening.But now Suso has announced a switch to La Liga had been a possibility with Atletico Madrid.“It’s true, there were contacts with Atletico Madrid,” said Suso, according to Football-Italia.“In the last two summers, I’ve had options to return to Spain.”Suso is contracted at Milan until June 2022.last_img read more