Predicting climate change impacts on maritime Antarctic soils: A space-for-time substitution study

first_imgWe report a space-for-time substitution study predicting the impacts of climate change on vegetated maritime Antarctic soils. Analyses of soils from under Deschampsia antarctica sampled from three islands along a 2,200 km climatic gradient indicated that those from sub-Antarctica had higher moisture, organic matter and carbon (C) concentrations, more depleted δ13C values, lower concentrations of the fungal biomarker ergosterol and higher concentrations of bacterial PLFA biomarkers and plant wax n-alkane biomarkers than those from maritime Antarctica. Shallow soils (2 cm depth) were wetter, and had higher concentrations of organic matter, ergosterol and bacterial PLFAs, than deeper soils (4 cm and 8 cm depths). Correlative analyses indicated that factors associated with climate change (increased soil moisture, C and organic matter concentrations, and depleted δ13C contents) are likely to give rise to increases in Gram negative bacteria, and decreases in Gram positive bacteria and fungi, in maritime Antarctic soils. Bomb-14C analyses indicated that sub-Antarctic soils at all depths contained significant amounts of modern 14C (C fixed from the atmosphere post c. 1955), whereas modern 14C was restricted to depths of 2 cm and 4 cm in maritime Antarctica. The oldest C (c. 1,745 years BP) was present in the southernmost soil. The higher nitrogen (N) concentrations and δ15N values recorded in the southernmost soil were attributed to N inputs from bird guano. Based on these analyses, we conclude that 5–8 °C rises in air temperature, together with associated increases in precipitation, are likely to have substantial impacts on maritime Antarctic soils, but that, at the rates of climate warming predicted under moderate greenhouse gas emission scenarios, these impacts are likely to take at least a century to manifest themselves.last_img read more

Second Drug Haul for HMAS Melbourne in Two Days

first_img Second Drug Haul for HMAS Melbourne in Two Days View post tag: Second View post tag: Naval View post tag: Haul View post tag: two Length138 m View post tag: days ADELAIDE-CLASS GUIDED MISSILE FRIGATE- SPECIFICATIONS Displacement4,200 tons View post tag: Navy [mappress]Naval Today Staff, February 10, 2014; Image: Royal Australian Navy View post tag: News by topic Range4,500 nautical miles View post tag: HMAS Draught7.5mcenter_img Just two days before, on 5 February 2014, crew from HMAS Melbourne had intercepted a shipment of 353 kilograms of heroin during a similar boarding in the  area.In just two days, HMAS Melbourne has confiscated and destroyed over half a tonne of heroin worth a skyrocketing  $AU1.086 billion.Commander Brian Schlegel, RAN Commanding Officer HMAS Melbourne, said:“During this deployment Melbourne has intercepted a Pirate Action Group, seized and destroyed 23.8 kilograms of methamphetamines and over half a tonne of heroin. This is a good day for HMAS Melbourne but not too good for the drug smugglers.”The Australian Navy’s Adelaide-class guided-missile frigate HMAS Melbourne is patrolling the waters of the Middle east Area of Operation within the framework of Operation SLIPPER. View post tag: Defence View post tag: Melbourne View post tag: Drug Speedover 30 knots View post tag: Defense Beam14.3m Back to overview,Home naval-today Second Drug Haul for HMAS Melbourne in Two Days SECOND DRUG BUST FOR HMAS MELBOURNEOn 7 February 2014, the Royal Australian Navy (RAN) frigate HMAS Melbourne conducted a second drug bust during a boarding operation on a vessel suspected of transporting illicit cargo off the coast of Tanzania. During the operation the frigate’s crew seized 190 kilograms of heroin of around $AU380 million dollars of estimated street value. StatusActive February 10, 2014 Complement184 + aircrew Share this articlelast_img read more

Commission Recommends Local Vote On Alcohol Permits

first_imgCommission Recommends Local Vote On Alcohol PermitsSeptember 30, 2018By James PolstonTheStatehouseFile.comINDIANAPOLIS — A commission reviewing the state’s alcohol laws recommended Friday that legislatures give communities a voice on how many alcohol permits would be allowed in some areas.The Alcohol Code Revision Commission voted on the final recommendations for lawmakers to consider in the 2019 legislative session after a two-year process of reviewing the state’s current alcohol laws. The commission’s mandate expires Nov. 1.Commission members recommended allowing local communities to put a question on the ballot about whether the number of alcohol permits should be increased in a designated entertainment district.State Rep. Ben Smaltz, R-Auburn, discusses revisions to Indiana alcohol laws with members of the Alcohol Code Revision Commission at the last meeting. Photo by Eddie Drews, TheStatehouseFile.comState Rep. Ben Smaltz, R-Auburn, said the commission gives lawmakers in the 2019 legislative session a sense of issues and a direction to follow.“We really need to have a path, a direction, on which way to go with these issues,” Smaltz said.The commission also voted to recommend a change to the current escrow system where individuals and businesses are allowed to acquire an alcohol permit and then place it in escrow, or reserve,  until it has been activated.Permits to sell alcohol are allocated according to population. If too many are held in escrow, that limits the number of places permitted to sell alcohol in a community.The commission suggested that legislators revise the current escrow law to 36 months—if a company or individual does not put the permit to use after 24 months, the fee for the third year could increase by up to 50 percent.Smaltz noted permits can be held in escrow for up to seven years without an increase in fee or penalty, although the current code states that it is suppose to be up to five years.“My concern is that the current escrow system is fraught with flexibility,” Smaltz said. “That is, in my opinion, being taken advantage of.”Lawmakers have acted on recommendations from the commission in past legislative sessions. Last year, members recommended the state approve Sunday alcohol sales, which ended up becoming law in the 2018 session.But there was one issue the final report did not mention—cold beer sales. The issue became controversial in 2016 when a convenience store owner found a loophole in the law that allowed him to sell cold beer under a restaurant permit.Only licensed package liquor stores are permitted to sell cold beer, which makes Indiana the only state in the nation to ban such sales in convenience stores.The commission also recommended various changes to permit laws, population brackets, funding and violations.James Polston is a reporter for, a news website powered by Franklin College journalism students.Print Friendly, PDF & EmailFacebookTwitterCopy LinkEmailSharelast_img read more

Sainsbury’s fined £10k

first_imgSainsbury’s has been prosecuted following an accident that left a Cheshire in-store bakery manager with serious neck and back injuries. The employee, of the company’s Curzon Road store in Sale, slipped on water, which had leaked from a dough prover onto the floor of the bakery in March 2004. Environmental health officers from Trafford Metropolitan Borough Council found that the store’s managers had failed to control a risk that could easily have been avoided by putting down matting or regularly mopping the area.Sainsbury’s was convicted of two health and safety offences under Section 2 of the Health and Safety Act at Work 1974 and Regulation 12 of the Workplace (Health, Safety and Welfare) Regulations 1992. It was fined £10,000 and ordered to pay costs of £11,040.June Reill, Trafford’s executive member for environmental services, said: “Our environmental health team carries out focused visits to local businesses. The council takes health and safety very seriously and will not hesitate to take legal proceedings where appropriate.”last_img read more

G. Love & Special Sauce Announces New Festival With Citizen Cope, Ripe, & More

first_imgGarrett Dutton aka “G.Love” of G. Love & Special Sauce has announced the inaugural Cape Cod Roots & Blues Festival coinciding in celebration of the band’s 25th anniversary. The one-day event is scheduled for September 15th, 2018, and will take place along the beautiful shores of Nauset Beach in the town of Orleans, MA. Headliners G. Love & Special Sauce will be joined by singer-songwriter Citizen Cope, soulful Hawaiian outfit Ron Artis II and The Truth, and Boston Funk Ambassadors Ripe.Cape Cod Roots & Blues Festival is a celebration of family, live music, community, and the natural environment of Cape Cod. This 10-mile stretch of sandy beach offers swimming and fishing, plus surfing in non-protected areas. Dutton explains that “Orleans, Massachusetts has been our home for seven years now and we have fallen completely in love with the town, the people, and the beautiful pristine nature which surrounds the Cape. From surfing to paddle boarding, fishing and bird watching, hiking, biking, eating, drinking–the Cape has it all.”The event, curated by Dutton, features bands and performers that have personally resonated with him musically. The festival is about “bringing to the stage a musical family that we have been cultivating for 25 years strong,” he says. Local Orleans resident Mike McNamara, owner and co-founder of The Hog Island Beer Co, has been an essential proponent of the Cape Cod Roots & Blues Festival. As the exclusive beer provider for the festival, Hog Island Beer Co will create a beer garden for guests to sip craft beers and enjoy the event’s natural beauty. See what’s on tap here.For more information on the Cape Cod Roots & Blues Festival or to purchase tickets, head here.last_img read more

Study flags later risks for sleep-deprived kids

first_imgChildren ages 3 to 7 who don’t get enough sleep are more likely to have problems with attention, emotional control, and peer relationships in mid-childhood, according to a new study led by a Harvard pediatrician.Reported online in the journal Academic Pediatrics, the study found significant differences in the responses of parents and teachers to surveys regarding executive function — which includes attention, working memory, reasoning, and problem-solving — and behavioral problems in 7-year-old children depending on how much sleep they regularly received at younger ages.“We found that children who get an insufficient amount of sleep in their preschool and early school-age years have a higher risk of poor neurobehavioral function at around age 7,” says Elsie Taveras, a pediatrics professor at Harvard Medical School and chief of general pediatrics at Massachusetts General Hospital for Children, who led the study. “The associations between insufficient sleep and poorer functioning persisted even after adjusting for several factors that could influence the relationship.”The study analyzed data from Project Viva, a long-term investigation of the health impacts of several factors during pregnancy and after birth. Information used in this study was gathered from mothers in interviews when their children were around 6 months, 3 years, and 7 years old, and from questionnaires completed when the children were ages 1, 2, 4, 5, and 6. In addition, mothers and teachers were sent survey instruments evaluating executive function and behavioral issues when children were around 7.Among 1,046 children enrolled in Project Viva, the study team determined which children were not receiving the recommended amount of sleep at specific age categories — 12 hours or longer at ages 6 months to 2 years; 11 hours or longer at 3 to 4 years; and 10 hours or longer at 5 to 7 years. Children living in homes with lower household incomes and whose mothers had lower education levels were likelier to sleep less than nine hours at ages 5 to 7. Other factors associated with insufficient sleep were TV and a high body mass. African-Americans were more likely to not get enough sleep.The reports from both mothers and teachers regarding the neurobehavioral function of enrolled children found similar associations between poor functioning and not receiving sufficient sleep, with teachers reporting even greater problems. Although no association was observed between insufficient sleep during infancy — ages 6 months to 2 years — and reduced neurobehavioral functioning in mid-childhood, Taveras notes that sleep levels during infancy often predict levels at later ages, supporting the importance of promoting a good quantity and quality of sleep from the youngest ages.“Our previous studies have examined the role of insufficient sleep on chronic health problems — including obesity — in both mothers and children,” said Taveras. “The results of this new study indicate that one way in which poor sleep may lead to these chronic disease outcomes is by its effects on inhibition, impulsivity, and other behaviors that may lead to excess consumption of high-calorie foods. It will be important to study the longer-term effects of poor sleep on health and development as children enter adolescence, which is already underway through Project Viva.”last_img read more

Leadership lessons from Harvard’s president

first_imgDo the right thing, even when it’s hard. Invest in the success of those around you. And never underestimate the persuasive power of reframing controversial questions.Those were the take-home messages Wednesday from Harvard President Larry Bacow, who, despite having led both Harvard and Tufts and having been MIT’s chancellor, said he still considers himself something of an “accidental president.”Bacow, who appeared on a webcast of the Harvard T.H. Chan School of Public Health’s Voices in Leadership program, responded to questions from Chan School Dean Michelle Williams that spanned everything from his personal experience of leadership to controversies and challenges along the way to tips for students who hope to lead someday.Bacow said he claims the “accidental” mantle because for the first two decades of his career on MIT’s faculty he studiously avoided the leadership ladder, happily focusing on his research and teaching.That ended when he was asked to become MIT’s dean of faculty. Bacow felt he couldn’t turn the appointment down because he saw it as helping his faculty colleagues. When he left that post he returned to his faculty duties for only a short time before he was tapped to be MIT’s chancellor, another position he viewed as service to the institution where he’d been — except for graduate work at Harvard — since his undergraduate days.The chancellorship raised Bacow’s visibility and brought offers for several open positions as university president, most of which he turned down. That process highlighted for him, he said, that some of the best career decisions are jobs you don’t take. There are some simply bad jobs out there, he said, as well as jobs that would be a poor match, or are badly timed, or might not point you where you want to go in life.“I didn’t think I wanted to be a university president. I liked doing what I was doing,” Bacow said. “When I talk to people who are thinking of taking a job like this, I say, ‘Ask yourself what you want to get done. Take a job because you have an agenda, not because the job is just there.’”A leader should approach a new organization with the same mindset as a cultural anthropologist, as someone who doesn’t speak the local language and is ignorant of everyday life there, Bacow said. As an example, he joked that both decentralized Harvard and top-down MIT have reputations for excellence, yet “organizationally and culturally, they’re identical — only with a sign change.”Their differing cultures, Bacow said, illustrate that there isn’t just one path to success, an important thing for leaders to recognize.,“That just speaks to the fact that there’s more than one way to organize an institution,” Bacow said. “And you just need to be cognizant of … the traditions and what people know and understand and are comfortable with. And [think about] how do you get them to understand that there might in fact be something different?”He suggested that one way to be an effective leader is to “surround yourself with good people, and really help them achieve what they would want to do.”Bacow called the current times “interesting and challenging” for higher education. He said he can’t recall another period when people questioned whether sending their children to college was worth the cost, when lawmakers doubted universities’ motives enough to tax them despite their nonprofit status, and when segments of society wondered whether higher education was still a force for good in the country.“My highest priority is to try to change this narrative about higher education,” Bacow said. “I think that people are casting a critical eye to institutions like Harvard … because they think that we’re elitist. They think we’re far more concerned about making ourselves great than the world better. They think that we’re incapable of controlling our own costs, [and] there’s a lot of public anger at just the breathtakingly expensive cost of college education these days. And then I think there’s concerns over whether institutions like ours are as truly open to new ideas or ideas from across the ideological spectrum as we claim to be.”Despite those questions, Harvard graduates have a long history of service to the country, Bacow said, as evidenced at the highest levels by the number of presidents and Supreme Court justices among its alumni. In the current Congress alone, 14 graduates are serving in the Senate, and more than 40 in the House.The opportunity to participate in service, Bacow said, should include all students. At a time when the University is working to ensure that a larger portion of its student body is drawn from families with lower means, it’s important that students who have to think hard about giving up summer jobs for unpaid internships, travel, or volunteer posts are able to take advantage of those opportunities.Another challenge, Bacow said, has been the court fight over campus diversity. The University’s current case, Bacow said, shows the power of reframing a question, particularly a controversial one. The president said when he is asked about the lawsuit, he highlights the importance of diversity in a College education and how dull the campus would be if everyone came from the same place, studied the same thing, embraced the same extracurriculars, and had the same career goals.“It would be a far less interesting place if that were true,” Bacow said. “We learn from our differences.”He said he also asks questions intended to shift his inquisitors’ perspectives. The suit argues that students should be admitted based largely on test scores and academic qualifications, so he asks how many in the room would ever hire someone purely on the basis of grades, without an interview, without checking references, and without checking work products.“The answer is all of us are more than our grades and our board scores,” Bacow said. “Leadership involves framing, but it also involves teaching and helping people to understand and see issues from your perspective.”last_img read more

Advancing Science and Society at the Texas Advanced Computing Center

first_imgOur customers use Dell technologies to accomplish amazing results and enable human potential.This is especially true for our high-performance computing (HPC) customers, who are continually breaking new ground and solving the biggest, most important challenges of today and tomorrow.On June 2, we had the pleasure of helping one of our customers and partners, the Texas Advanced Computing Center (TACC) at the University of Texas at Austin (UT), celebrate three significant milestones – a $30 million award from the National Science Foundation (NSF), the 15th anniversary of TACC, and the dedication of a new building for advanced computing at their JJ Pickle Research Campus.With the award from NSF, TACC will deploy a new large scale supercomputing system, Stampede 2, as a strategic national resource to provide high-performance computing capabilities for thousands of researchers across the U.S. This Dell HPC System, based on Dell PowerEdge servers, equipped with Intel Xeon Phi processors, pushes the envelope of computational capabilities, enabling breakthroughs never before imagined. It is currently the largest cluster accessible as part of Extreme Science and Engineering Discovery Environment (XSEDE).The NSF award will enable the new Stampede 2 system to deliver peak performance of up to 18 Petaflops, twice the performance of the current system. This funding will take Stampede 2 to the next level by deploying, in phases, a variety of new and future technologies, including new Dell PowerEdge servers supporting the upcoming Intel® Xeon Phi™ Processors, codenamed “Knights Landing,” and future-generation Intel® Xeon® processors. TACC has already implemented “Knights Landing” processors in its Stampede 1.5 system to drive unprecedented performance results.This NSF renewal builds on technology and expertise from the original Stampede system, first funded in 2011. Since its inception, Stampede has ranked in the top 10 most powerful supercomputers in the world, and it is currently ranked No. 10 according to the November 2015 Top500 rankings.Stampede 2 will do more than just meet growing demand from those who run data-intensive research. Imagine the discoveries that will be made as a result of this award and the new system. Now more than ever is an exciting time to be in HPC. If you want to learn more about Stampede, I encourage you to take this virtual tour:As highlighted earlier, this exciting news was unveiled during an event recognizing TACC’s 15th anniversary and dedicating a new building in Austin, Texas. The new building will accommodate TACC’s growth with more than 60 new offices, a large auditorium, a training space, a production room and the 1,500-foot visualization lab. I was honored to represent Dell and be part of the dedication ceremony that included Bill McRaven, Chancellor of The University of Texas System; Irene Qualters, NSF Division Director for Advanced Cyberinfrastructure; Charlie Wuischpard, Vice President and General Manager, HPC Platform Group, Intel; and TACC Executive Director Dan Stanzione, who is also the lead of the Stampede project.TACC is not only a Dell customer, but also a great partner, so their accomplishments are even more meaningful. We have worked together closely for many years through our joint HPC Center of Excellence, and TACC has played a key role in how we have evolved our own HPC efforts and innovations. By working with TACC on emerging technologies, we have been able to learn and improve upon our core portfolio of HPC solutions. This partnership has been key in helping Dell to democratize HPC and extend its capabilities and opportunities to mainstream organizations world wide.It’s always rewarding to celebrate success – especially when it’s great news for our partners and customers like TACC. But there remains more work to do, and we keep pushing forward. You can bet we will do just that, continuing to innovate and advance HPC innovations for today and tomorrow.last_img read more

Huntington Station Woman Charged With Fatally Stabbing Boyfriend

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A woman has been arrested for allegedly stabbing her 38-year-old live-in boyfriend to death following a fight outside of their Huntington Station home over the holiday weekend, Suffolk County police said.Kutima Glover, 33, was charged Sunday with first-degree manslaughter.Homicide Squad detectives said Glover fatally stabbed Larry Collins, who officers found suffering from injuring in front of his Wyman Avenue home in the early morning hours of Saturday, July 5.She will be arraigned Monday at First District Court in Central Islip.last_img read more

New Islanders Ownership Group Pledges ‘Fifth Ring’

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York The Islanders formally introduced Wednesday the two men who in a couple of years will take over majority control of the hockey franchise, and will be responsible for leading the team through a new era at Brooklyn’s Barclays Center.But, before that happens, the Islanders still have one final season to play at Nassau Veterans Memorial Coliseum in Uniondale. And the new duo—Scott Malkin and John Ledecky—will have plenty of time to listen and learn about what it takes to run a franchise that experienced incredible success three decades ago, but has failed to recapture the magic since.“We’re going to be on a listening tour for two years,” Ledecky, the former owner of the Washington Capitals, said during a press conference at Nassau Coliseum.The pair will take over majority control of the franchise in 2016. The team’s current owner Charles Wang, who will transition to minority owner, will call the shots until then. Wang declined to say how much the sale was worth but noted that media reports suggesting he was selling his stake from anywhere between $420 million and $518 million was close.Malkin said he and Ledecky share a “great love for hockey”—a sport that was “fundamental in their upbringing.”“Life has its moments of opportunity and you decide whether you’re going to step forward, and Charles gave us that opportunity and it was a privilege to be in that position,” Malkin, a London-based investor, told more than a dozen reporters in attendance. “And for us, we saw this as a moment where we could embrace things that we believed in and embrace the Islanders and what they stand for.”The Islanders first announced the deal in August, before the NHL completed the ownership transfer.“This isn’t about me or the Islanders or us, actually,” Wang said in his opening remarks, glancing over at Islanders general manager Garth Snow. “We found new partners here, two partners that will be great for the Islanders.”In their first public appearance together as minority owners (for the time being), both Malkin and Ledecky called the partnership with Wang an honor, but said they’d mostly sit on the sidelines until their time comes.Malkin appeared awe-struck at times, smiling incessantly and pledging to use the next two years to soak in as much he can. Ledecky was more audacious, twice mentioning how much he dislikes the reviled Pittsburgh Penguins and prophesying a return to the Islanders glory days, or at the very least acquiring a long-sought fifth Stanley Cup title.The pair left no doubt that this is Wang’s franchise until the transition to majority ownership is completed.“We support what he and Garth are doing on the ice,” Ledecky said. “We are really on a mission to learn and absorb.”“It’s Charles’ vision it’s Charles’ team,” said Malkin.The Islanders new ownership partners Scott Malkin (left) and John Ledecky (right). (Rashed Mian/Long Island Press)The Islanders won four in a row to start the season but have dropped their last two games. The players were greeted to a raucous crowd when they stepped onto the ice for their final home opener at The Old Barn on Oct. 11. The Isles reciprocated by treating the home fans to a 4-3 victory over Carolina.When Wang was asked afterward about the atmosphere at the arena so far this year, and in particular during the home opener, he smiled.“I think it’s great, I love it,” he said. “We’re going to try to do something this year to really say this is what the Islanders are about.”During much of Wang’s tenure, the talk among fans and the press often seesawed between the product on the ice and the fate of the franchise.Wang’s final push came three years ago when he and Nassau County Executive Ed Mangano pushed for a $400 million publicly-funded reconstruction of the aging arena, which was shot down by voters.Wang’s ambitious Lighthouse Project, a mixed-used development plan, failed to get full support of the Town of Hempstead. Frustrated at attempts to scale it down, Wang nixed the plan.“I’m like any other Long Islander out here, boy…I’m angry because they could’ve done something for Nassau County, it’s unbelievable we all know, but it wasn’t done,” Wang said when asked about his attempts to secure a new arena. “We can’t keep looking in the back view mirror.”“It was a little bit of hell, but we all lived through it, it’s ok,” he added. “It wasn’t like we went in there in blind, we knew it was hard. It didn’t work. Now let’s move on.”And the team is doing just that. Next year, Long Island’s lone professional sports team will leave Nassau County for the Barclays Center, the home of the NBA’s Brooklyn Nets. A year after that, Malkin and Ledecky will claim majority control.Then what?When asked what their message is to long-suffering Islanders fans, a stone-faced Malkin said: “Fifth ring.”last_img read more

How to ace the ACET

first_img continue reading » The NCUA is now using its own version of the cybersecurity exam required of all financial institutions, and the homework for credit unions ahead of examiner visits can be a doozy.Called the Automated Cybersecurity Examination Tool, the ACET requires credit unions to answer 494 questions — in the form of declarative statements — and submit approximately 200 documents for examiners to assess how the institution is preventing and preparing for cyber threats and attacks.The ACET is based on the Cybersecurity Assessment Toolfrom the Federal Financial Institutions Examination Council. According to the NCUA, the new exam tool provides a “repeatable, measurable, and transparent process that improves and standardizes our supervision related to cybersecurity in all federally insured credit unions.” NCUA headquarterscenter_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Where you bank can make a big difference for racial justice

first_imgConsumers can push for racial justice – and it’s as simple as opening an account at a community bank or credit union that supports under-served communities.Netflix announced recently that it would transfer $100 million of its cash holdings to financial institutions that support Black communities in the U.S.Meanwhile, across the U.S., there are more than 1,000 Community Development Financial Institutions, or CDFIs. These institutions specialize in under-served communities and more than a third of their banks are led by minorities. One analysis found that more than 40% of CDFI’s loans and investments are in majority-minority communities.“With all the racial problems going on, right now is the perfect time for people to open up an account at a community development bank or credit union,” said John Holdsclaw, board chair of the Coalition of Community Development Financial Institutions. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

A new settlement and tourist facilities will be built on the site of the former Šibenik TEF

first_imgIn September last year space of Šibenik TEF it finally got the green light for new investments that planned projects such as the construction of hotels and sports facilities and the extension of the beach. Almost exactly a year later, at a meeting at the Ministry of State Property, an agreement was reached on the implementation of the “Batižele” project, among other things related to the convening of the assembly of Batižele, where decisions will be made regarding the recapitalization. an international public tender for the project, the Ministry announced today. Minister of State Property Mario Banožić, Minister of Environment and Energy Tomislav Ćorić, State Secretary Krunoslav Katičić, Assistant Minister Leon Žulj took part in the meeting on the development project “Batižele”, which would put the land of the former TEF in Šibenik into operation. the Mayor of the City of Šibenik Željko Burić, the Director of Hrvatske vode Zoran Đuroković and the Director of the Fund for Environmental Protection and Energy Efficiency Dubravko Ponoš with associates and the Director of CERP Milan Plećaš. “After the increase of the share capital of the company Batižele, the share of the City of Šibenik will be 100 percent from the initial 67,95 percent, and the new shareholders will be the Republic of Croatia with 22,64 percent, the Fund for Environmental Protection and Energy Efficiency with 8,71 percent and Hrvatske vode with 0,70 percent”, It is stated in the announcement. They reminded that at the session held in May 2019, the Government adopted a decision harmonizing the amounts of receivables of the Republic of Croatia and other legal entities against TEF Šibenik with the aim of increasing the share capital of the newly established company Batižele and determining the final amounts of recapitalization. The issue of TEF land has been a long-standing problem of all city authorities in Šibenik, and the Batižela project includes more than 200 square meters that have been released from all debts, while the state’s claims have been converted into shares. In the area of ​​the former factory, a mixed purpose is planned, where investors would build a new settlement, residential-business, accommodation, cultural and educational capacity on the land worth 350 million kuna, and new catering and tourist capacities with two thousand beds are planned, it is reminded in the announcement. .center_img The total amount of recapitalization of the company Batižele is HRK 148,1 million, of which the City of Šibenik participates with slightly more than HRK 53 million, the state with HRK 67,15 million, the Fund for Environmental Protection and Energy Efficiency with HRK 25,85 million and Hrvatske vode with HRK 2,07 million. The implementation of the “Batižele” project will put into operation the neglected space of the former TEF (former Electrodes and Ferroalloys Factory). “It was agreed that in the next two weeks all activities prior to the convening of the General Meeting of Batižele doo will be completed, which will, among other things, define the share capital and make appropriate decisions regarding the recapitalization. Upon completion of the recapitalization procedure, an international public tender is expected to be announced in accordance with the State Property Management Act. Furthermore, an agreement was reached on the formation of an expert committee that will participate in the preparation and implementation of the optimal model of disposal of shares, which is a key issue in the development project ‘Batižele'”, Point out the Ministry of State Property in a statement. Source / photo: Government of the Republic of Croatia; Šibenik portallast_img read more

Can you catch COVID-19 from delivered packages?

first_imgAn outbreak of COVID-19 at a logistics center run by one of South Korea’s largest online shopping companies has raised concerns over whether the virus can be transmitted by package deliveries.Who’s been infected?More than 117 cases of COVID-19 have been linked to the warehouse near Seoul owned by e-commerce giant Coupang facility. No cases have been related to deliveries and South Korean health officials have played down the chance of infection from packages. The World Health Organization (WHO) has cited laboratory research that found the coronavirus that causes COVID-19 could persist for up to 24 hours on cardboard and 72 hours on plastic and stainless steel.Kim Woo-joo, a professor of Infectious Diseases at Korea University Guro Hospital, said the virus could also survive on surfaces like bubble wrap.”The virus can last up to 24 hours on cardboards and over three days on hard surfaces like stainless steel. There is no research on bubble wraps yet, but it could be between a cardboard and a stainless steel,” he said.Speedy delivery dangers?Many of South Korea’s e-commerce brands are known for their less-than-24-hour “bullet delivery”. Both Coupang and Market Kurly, which have reported infections from their logistics centers, provide fast grocery delivery services.This could raise the risk of spreading the virus, as packages don’t sit for long, some experts said.”We should take into account the temperature and the humidity of the package, but there is a possibility of infection as they pack it overnight,” said Shin Hyoung-shik, president of the Korean Society for Zoonoses, a leading expert in infectious diseases.However, Ki Mo-ran, professor of cancer control and population health at the National Cancer Center, said it was not so easy to contaminate packaging, and people should be safe as long as they wash their hands.”Just a small amount of virus is not that contagious … the handles of a public restroom could be more dangerous.” While infection from touching surfaces of boxes or bubble wraps couriered by an infected logistics center worker would be concerning, the Korea Centers for Disease Control and Prevention said transmission in this manner was unlikely.”There has been no precedent of a global transmission so far from delivered packages,” Vice Health Minister Kim Gang-lip told a briefing.But health authorities and infectious disease experts have not ruled out the possibility of infection if a person touches their eyes, nose or mouth after contact with a contaminated package.Contaminated surfacescenter_img Topics :last_img read more

Castle Hill home sells for $1.56 million

first_img30 Yarrawonga Drive, Castle Hill30 Yarrawonga Drive has four bedrooms and is in an elevated position enjoying views out to Palm Island from multiple rooms including the front deck, back yard, living room and kitchen.The house is on 1562sq m of land and also features a sparkling inground pool.It was featured as the Townsville Bulletin Real Estate Guide’sHouse of the Week.The home has many luxury appointments including a chef’s kitchen with European appliances, wine cellar and double shower.Ms Elliott said buyers were recognising the value in land in premium suburbs such as Castle Hill and were searching for well-maintained homes that require little work. The backyard of 30 Yarrawonga Drv has ocean views.The house was sold by Smith & Elliott principal Sally Elliott, who said the bidding was fierce and the vendors were thrilled with the selling price.“It sold well because it’s an extremely large usable block of land and was immaculately presented,” she said. “The owner pulled out all the stops to make sure the property was very well presented with very little to do other than personal touches. It’s in an excellent neighbourhood with younger families starting to move in and it’s close to Townsville Grammar School.”More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020The sale is believed to be the highest sold price for a Townsville house since Townsville’s iconic white house on the hill at 9 Cleveland Terrace, North Ward, sold at auction in August for $1.825 million. 30 Yarrawonga Drive, Castle HillA CASTLE Hill home in one of Townsville’s most exclusive streets with sweeping ocean views has sold under the hammer for a cool $1.56 million.Six registered bidders were vying for the home at the auction on December 16 with a local medical professional making the winning bid.center_img 30 Yarrawonga Drive, Castle Hill“If you’re a professional you’re time poor so you don’t have time to supervise builders and tradespeople, so those buyers are looking for the complete package,” she said.“There has been an increase in people buying premium properties. A lot of people who currently own homes in the outer suburbs and bought well are looking to upgrade or maintain their existing property as a rental.”last_img read more

Committee warns ‘complacent’ large schemes over climate change [updated]

first_imgEditor’s note: The Environmental Audit Committee has since updated its report, removing Lloyds from its list of “less engaged” schemes. The latest update is here.Mandatory reporting on environmental, social and corporate governance (ESG) issues by UK pension funds could be a step closer following a parliamentary report that was critical of some schemes’ investment approaches to climate change risk.The UK parliament’s Environmental Audit Committee (EAC) revealed this week that six of the UK’s 25 largest pension funds, which collectively oversee £550bn (€629bn) of assets, had not “formally considered climate change as a strategic risk”.Mary Creagh, chair of the EAC, said that “a minority of funds appear worryingly complacent”. “Pension funds should at least assess the exposure of their assets to the physical, transition and liability risks from climate change that will materialise during savers’ lifetimes,” she added.Some commentators seized upon the parliamentary report as a further step towards the imposition of mandatory ESG reporting.“It is inevitable that governments are going to focus on the sustainability of finance within financial institutions and… pension funds are going to be in the sights of the regulator,” said Stuart O’Brien, partner at law firm Sacker & Partners.“The most likely formal step will be a requirement for trustees to have an ESG policy and report against that,” he told IPE.He separately questioned the politicians’ description of some schemes as “less-engaged”. The committee published the individual pension funds’ letters to it, in which they set out their approach to climate change.“When digging a little deeper, I wonder whether this categorisation is really fair,” said O’Brien in a statement. ”Some are likely to have extremely mature investment strategies which probably have only a tiny allocation to equities. These schemes may justifiably be approaching climate change risk in a different way.” The EAC’s report comes after the European Commission this week rolled out the latest set of legislative proposals for sustainable finance, including rules governing the disclosure of investments’ impact on climate change – sparking further questions about whether the UK might follow suit.“If that comes about that would be a real game changer,” said Rachel Haworth, senior policy officer at ShareAction, the London-based responsible investment campaign organisation. “Pension trustees should be thinking ahead to that and getting their thoughts in order.”For Caroline Escott, defined benefit and investment policy lead at the Pensions and Lifetime Savings Association, climate change was not just an ethical issue for pension fund governance bodies but “a major threat to financial stability”.“It is therefore imperative that boards and committees consider the potential impact that climate change will have on their investment portfolios,” she said.Schemes push back against analysisOf the 25 funds, the committee ranked 11 as “more engaged” – or already taking steps to counter climate change risk – and the remaining eight were deemed “engaged” or “making some progress”.The six seen as “less engaged” include some of the most established names in the UK pension sector, including the £25bn BP Pension Fund (BPPF), the £20bn Lloyds Bank Pension Scheme and the £14bn Aviva Staff Pension Scheme.A spokesperson for Aviva said that the “vast majority” of its pension fund was a defined benefits scheme “primarily invested in gilts and therefore has negligible climate risk”.“The [scheme] is managed by an independent board of trustees and they are actively exploring what more they can do to manage climate exposure,” the spokesperson added.Lloyds Banking Group Pensions Trustees (LBGPT) was blunter in its assessment of the work undertaken by the EAC.A spokesperson said the scheme was “surprised by the analysis”, adding that it was “not the case” that it did not consider climate change as a strategic risk.“The trustee considers climate change risks, and more generally environmental, social and [corporate] governance risks, at multiple levels in the investment decision-making process,” the spokesperson said.The Lloyds scheme has called on the EAC to publish its full response to the initial request, “rather than the covering letter, which is currently all that is available on its website”, the spokesperson added.The EAC wrote to pension funds in February to assess the extent to which climate change risk formed part of their investment decision-making processes.In BPPF’s response to the committee’s initial enquiry, Sir Ian Prosser, chairman of the BP Pension Trustees, said the fund took its role as a responsible investor “very seriously and, as part of this, [considered] a wide range of risks”.However, in response to a direct question about moves taken relating to climate change risk, Prosser said the fund had “not taken specific actions but we continue to monitor this”.Any governmental or regulatory implementation of recommendations on climate-risk reporting should adopt a “voluntary approach”, he added.BPPF had not responded to a request for further comment at the time of publication.Earlier this year pensions minister Guy Opperman wrote to the EAC outlining plans to introduce a requirement for pension funds to have explicit climate change policies.Trustees of UK pension schemes are currently required to include within their statements of investment principles details as to the extent, if any, that “social, environmental or ethical considerations” are taken into account in the selection, retention and realisation of investments.last_img read more