Category: samlfkte

Investors, activists continue efforts to stop South Korean funding for new Vietnam coal plant

Investors, activists continue efforts to stop South Korean funding for new Vietnam coal plant

first_imgInvestors, activists continue efforts to stop South Korean funding for new Vietnam coal plant FacebookTwitterLinkedInEmailPrint分享The Straits Times:Pressure is mounting on South Korea to exit a multimillion-dollar coal project in Vietnam, with a consortium of 21 European investors being the latest to raise objections to the country’s decision to invest in coal overseas while pursuing a low-carbon initiative back home.Green activists are already up in arms over what they have called a “hypocritical” move by the state-owned Korea Electric Power Corporation (Kepco) to go ahead with the Vung Ang 2 coal project in Vietnam, weeks after President Moon Jae-in declared a climate crisis and the National Assembly voted in favour of setting a goal to achieve net zero emissions by 2050.The European consortium, which manages over US$5.5 trillion (S$7.5 trillion) in assets, sent a letter last week to firms involved in the project, including Kepco, Samsung C&T, Japan’s Mitsubishi Corporation, the United States’ General Electric and Energy China GPEC.Mr. Eric Pedersen of Nordea Asset Management, the largest asset manager in the Nordics, said it “shares with a fast-growing group of international investors the view that it is not too late to change course”. Nordea manages €235 billion (S$378 billion) in assets and has about €400 million invested in companies involved in the Vietnamese project.South Korea has long been criticised for being one of the world’s largest coal financiers. A report released last week by Greenpeace Seoul Office, Korea Sustainability Investing Forum, and lawmaker Yangyi Wonyoung of the ruling Democratic Party shows that South Korean institutions, both public and private, have financed US$50 billion worth of coal projects in the past 12 years.Ms. Thu Vu, energy finance analyst of the Institute for Energy Economics and Financial Analysis, a global think-tank, noted that Vietnamese negotiators are still “carefully reassessing the necessity of the project” in view of factors such as the possibility that the new coal plant may “no longer be cost-competitive” by the time it is completed, say, in five years. South Korean sponsors might not be able to afford the time needed by their Vietnamese state partners, “given the quickly narrowing window for fossil fuel financing and mounting pressure from global investors and green activists”, she added.[Chang May Choon]More: South Korea in hot seat as calls to exit Vietnam coal project growlast_img read more

Board briefed on this year’s legislative session

Board briefed on this year’s legislative session

first_imgBoard briefed on this year’s legislative session Senior Editor A bruising legislative session generally ended well for The Florida Bar, according to Florida Bar President Herman Russomanno, legislative counsel Steve Metz, and Legislation Committee Chair Richard Gilbert. The three reported to the Board of Governors on May 11 on the aftermath on the 2001 legislative session. The session saw a number of controversial bills dealing with the Bar and judiciary, but in the end the only bill that passed gave the governor a greater role in selecting JNC members and reduced, but did not eliminate, the Bar participation in the judicial selection process. “The Bar still has significant input into the JNC process,” said Metz. “In the end, the legislative leaders crafted a compromise between the House and the Senate which balanced their desire to increase the governor’s power but recognized the legitimate and constructive role of the Bar.” But that doesn’t mean there won’t be other issues to address, including attempts to change Article V of the Florida Constitution to give the legislature a larger say in such things as court procedural rules, he warned. Russomanno joked that during the session he had a choice between tagging alligators in South Florida or attending the legislature and tagging gators was the safer activity. “When the game was over, everybody left it on the field,” he said of the Bar’s legislative efforts. Many of the problems stemmed from last year’s post election legal challenges which stymied any activity in Tallahassee, including by the legislature, for more than a month, Russomanno said. That left a legislature with many members mad at the Florida Supreme Court and lawmakers critically short of time in preparing for the 2001 session. The Bar remained active until the end of the session, Russomanno said. One bill had a provision, removed in the final hours, that would have given the legislature oversight of the Bar’s budget. Even the JNC bill was subject to late changes, including keeping each JNC membership at nine instead of reducing it to seven and keeping the terms for the Bar’s appointees staggered. As passed, the bill gives the governor five appointments to each JNC, two of whom must be lawyers. The Bar must nominate three people for each of the other four vacancies, with the governor selecting one. But the governor has the option to reject the Bar’s nominees as many times as he wants. The bill removes all current public and gubernatorial appointees, but leaves the Bar appointees in place and keeps their terms staggered. The other terms will run concurrently with the governor’s term. The current system has three Bar appointees, three gubernatorial appointees, and those six choose three public members. Although the Bar was forced to accept the changes, “We’ve never compromised our principle that the system that was in place was the best system,” Russomanno said. “We never wavered from that, but the writing was on the wall on how this session would go.” (The bill was pending before Gov. Bush as this News went to press. The board also approved an expedited process to make its nominations for the Bar’s fourth seat on the JNCs by July 2. See story on page 1.) The Bar did successfully oppose several other measures, including to have term limits for appellate judges, to return appellate judges to standing for election instead of being chosen by merit selection, to allow the governor to appoint all JNC members, and to have JNCs merely list all qualified judicial applicants and pass the names to the governor. Metz advised board members that they each should seek to establish a close relationship with a legislator, who can rely on the board member for accurate, unbiased information about the legal system and the Bar. He also said it’s important to move quickly because committee meetings will start in September for the 2002 session. That session will start in January because of reapportionment. Gilbert praised Russomanno’s efforts during the session. “We all knew that Herman was a great advocate, but who would have known that he was an effective statesman as well. I don’t think any Bar president has faced the situation he faced, which came up as a wave just before the session started.” The board gave Russomanno a standing ovation in recognition of his efforts. Board briefed on this year’s legislative session June 1, 2001 Gary Blankenship Senior Editor Regular Newslast_img read more

Duty, honor, country

Duty, honor, country

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Michael Fryzel Michael Fryzel is the former Chairman of the National Credit Union Administration and is now a financial services consultant and government affairs attorney in Chicago. He can be reached at … Details The motto of West Point, our country’s military academy, is duty, honor, country. Those words signify the type of commitment we get from all branches of our military. The individuals who serve our country and risk their lives for our freedom and safety do so with strong dedication.Recently, while watching two long running news shows, I heard those words, duty, honor, country used by two individuals being interviewed on the same day on two different networks. They are powerful words and clearly signify the importance of the issues the two individuals were discussing and the emphasis they wanted to place on what they were saying.The first person I heard use them was the CEO of Starbucks. He was being asked about the struggles of rural America, the loss of jobs and businesses they have faced and what he believed was needed to turn our country around, get it back on track and help rural America get back on its feet. He was also asked about the large number of returning veterans and the need to find them jobs. The interviewer wanted to know what Mr. Schultz, as a successful businessman, felt needed to be done to move our country forward.Mr. Schultz talked about the need to for us to create manufacturing jobs that would enable skilled workers to again earn a good living. He stressed the importance of these jobs being in every part of our country enabling both large and small towns to again prosper. He cited the need for the return to a dedication of what we do and likened it to the military cadets and their dedication to duty, honor, country.He emphasized the need to invest in hiring our veterans and for American companies to place orders with other American companies for the products they need.Later in the day I heard the words used again by a former successful CEO who was a West Point graduate and now has been picked to oversee the much needed reforms at the second largest federal government agency, the Veteran’s Administration. Bob McDonald who ran Procter & Gamble was being interviewed about how he intended to address the problems at the massive agency.Secretary McDonald spoke of his long list of findings and his intention to announce steps that would lead to an overhaul of the VA and a recommitment to do all they can for our veterans including providing the best health care along with assistance in housing, education and finding a good job.When asked about the importance of getting such a large agency back on track to do the job it was created to do, he said it was his top priority to make sure that those who served this country get the care and help they need when they need it. He was appalled by the fact that so many had to wait months or travel hundreds of miles to get the care they were entitled.It was clear from his comments that as a West Point graduate, but more importantly as a citizen of this country, he was well aware of the countless sacrifices of our veterans. He understood it was our government’s duty and responsibility to forever honor the needs of our service men and women who gave so much so our country could remain free and safe.For a number of years I have been urging credit unions to do their part in moving our country forward by lending to small businesses and hiring a veteran whenever possible. The comments of Mr. Schultz and Secretary McDonald confirm that we all must do more to achieve those goals.Duty, honor, country—three very pointed and powerful words that all of us should remember and make a part of daily commitment in our professional and private lives.last_img read more

Why now might be a good time to buy a home

Why now might be a good time to buy a home

first_imgby: Mark HuffmanLet’s start by conceding that buying a house these days is a lot different than it used to be. Before the housing crash, you could be pretty confident that if you purchased property it would rather quickly appreciate in value.It was looked at as an investment, a smart place to put your money. But a lot of people who purchased a home at the top of the market in 2007 owe a lot more on their mortgage than their homes are worth.Today, people can still make money buying and selling real estate, but most home buyers have different motivations, even though a big one still has to do with money.Owning vs. rentingIn some markets the monthly cost of putting a roof over your head is significantly less owning rather than renting. Rents have skyrocketed over the last five years while mortgage rates remain near historic lows.If you have been thinking about purchasing a home, the first half of 2015 might be a good time. One big reason is a new survey from Fannie Mae that shows consumer confidence in the housing market declined a bit in December. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

What happens now after long-time Johnson City barber puts down his clippers?

What happens now after long-time Johnson City barber puts down his clippers?

first_imgThat includes hair salons, tattoo or piercing parlors, and nail salons, to name a few. Another long-time shop which some call a staple in Johnson City is Mike’s Hollywood Barbershop on Main Street. JOHNSON CITY (WBNG) – With Governor Andrew Cuomo ramping up the state’s response with a statewide lockdown on most businesses, non-essential employees will soon be out of work. Komor, a customer himself for more than 20 years has been coming to Mike’s since his kids were little. Despite the Coronavirus crisis, he remains optimistic. Mike’s Hollywood Barbershop and other businesses have been ordered to close by 8 p.m. Saturday night. “The strain is going to be the same for everybody,” Caruso said. “There’s no income. “I’m not one of those guys who worries about those things I can’t control,” Komor told 12 News. “I guess I’m lucky that I don’t sit there and worry.” Sitting is something owner Mike Caruso hardly ever does. He’s on his feet all day with clippers and scissors in hand, that is, until Saturday. When asked how hard it was to walk away from the barber chair after 20 years for what is expected to be a temporary basis, Caruso told us, it’s “very hard. I feel it right now. I feel very sad inside.” He knows people are stressed out, worried, and concerned. How do they pay their rent? The gas bill? The power bill? It was almost like business as usual at the shop on Friday with customers coming in for a quick cut and some small talk though many came in for what you might call a last haircut. No one really knows when they’ll be back in Mike’s chair again. “I love my customers,” Caruso told us with a smile. “They’re not customers, their family. I will miss the conversation. I will miss the every day routine.” “Everything is uncertain,” said long-time customer Stan Komor. “Nobody knows what’s going on anywhere.” The shop’s been open since 1961 and has shut down only once before. That was after a fire tore through another part of the building. But in the end, Caruso ends this story on a happy night. “After it rains,” he said, “the sun will eventually come out.”last_img read more

Victoria Spartz Wins Indiana House Seat, Quashing Democrats’ Hope of a Flip

Victoria Spartz Wins Indiana House Seat, Quashing Democrats’ Hope of a Flip

first_imgMs. Spartz’s overt appeals to Republican voters, however — warning of the dangers of socialism and playing up her background as a businesswoman — ultimately moved enough rural, conservative voters in the district, overwhelming pockets of suburban voters who had chafed at her boldly partisan messaging. Beating back a swell of liberal enthusiasm from suburban voters alienated by President Trump, Victoria Spartz, a Republican state senator, won election on Wednesday to a reliably conservative House seat outside Indianapolis, quashing Democratic hopes of flipping the seat to expand their majority.Ms. Spartz, who was born in Soviet Ukraine and used her rags-to-riches story of success to emphasize her belief in limited government, prevailed against Christina Hale, a Democratic former state legislator who branded herself as a problem-solving centrist, according to The Associated Press. Her victory reflected Republicans’ tight grip on suburban voters in the district even as Mr. Trump faced headwinds.- Advertisement – That she defeated Ms. Hale for the open seat vacated by Representative Susan W. Brooks, Republican of Indiana, who is retiring, sent a warning shot to Democrats. They were hoping to increase their majority by wresting seats in well-educated, wealthy suburban areas like Indiana’s seahorse-shaped Fifth Congressional District, betting that Mr. Trump’s eroding support would drag Republicans down with him.Ms. Spartz was able to beat the odds in the district, which supported Mr. Trump in 2016 by eight points. Ms. Hale had explicitly campaigned on crossover appeal, promoting legislation she had passed with Vice President Mike Pence when he was the state’s governor and pledging to work across the aisle once in Washington. Emulating a playbook that swept 31 Democrats running in Trump districts to the House in 2018, she kept a laserlike focus on health care, and rebuked Ms. Spartz for her party’s handling of the pandemic.- Advertisement – – Advertisement –last_img read more

Medical Marijuana One-Year Anniversary Celebrates People and Progress

Medical Marijuana One-Year Anniversary Celebrates People and Progress

first_img April 17, 2017 By: Sara J. Goulet, Deputy Press Secretary   SHARE  TWEET Medical Marijuana One-Year Anniversary Celebrates People and Progress SHARE Email Facebook Twitter Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf Human Services,  Medical Marijuana,  The Blog It’s been exactly one year since Governor Tom Wolf signed legislation that legalized medical marijuana in Pennsylvania.By all accounts, since that day, the steps taking place to implement a medical marijuana system are progressing as planned and with positive effects already evident.The legislation in Pennsylvania happened because Governor Wolf and the General Assembly worked together, tirelessly and with the support and effort of passionate advocates across the state, to deliver the law. But efforts didn’t stop there. These groups continue their work in support of implementation efforts.Pennsylvania, according to one industry consultant is “on track to set the standard for comprehensive medical marijuana programs.”The Department of Health and its Medical Marijuana office have been working on the complex implementation steps, moving forward methodically and with a clear end-goal in mind: Successful implementation 18 to 24 months after Senate Bill 3 became law.Since April 17, 2016, the Department of Health has:Completed the Safe Harbor temporary guidelines and Safe Harbor Letter application process, as well as approved 226 applications;Completed temporary regulations for growers/processors, dispensaries and laboratories, which have appeared in the Pennsylvania Bulletin;Released Phase 1 permit applications for grower/processors and dispensaries;Developed the Medical Marijuana Physician Workgroup;Developed the Medical Marijuana Physician Workgroup;Released a Request for Quotations for Electronic Tracking IT solutions for the tracking of medical marijuana;Drafted temporary regulations for practitioners to participate in the program.But legislation is more than programmatic and never more so than when people are the prime audience of its principled implementation.For parent Shalawn, whose son Jerrick has sickle cell anemia, medical marijuana has “opened up doors… offered possibility. Something that wasn’t there before and that is life-changing.”Life-changing because children like Jerrick and thousands more in Pennsylvania can obtain safe harbor letters, allowing parents, guardians, and caregivers of minors with a serious medical condition to possess medical marijuana now, before the law is fully implemented, without fear of criminal retribution. Safe harbor was one of the first steps taken to implement medical marijuana and with hundreds of safe harbor letters already approved, is making a life-changing difference.For eight-year-old Anna, whose mom Lolly is the Department of Health’s medical marijuana patient advocate, safe harbor and medical marijuana mean no more seizures. None. Anna was previously plagued by up to 100 a day.The stories of the life-changing possibilities extend beyond children. Dan, a 45-year-old brain cancer survivor, is now able to use medical marijuana to ease his severe anxiety, creating, in his words, “a much better lifestyle.”Today, Pennsylvania celebrates legal medical marijuana and the legislators, advocates, families and friends who worked to pass this legislation that is life-changing for some today and for many more in the not-too-distant future.As work continues over the next year to fully implement the medical marijuana system in Pennsylvania, Governor Wolf and his administration are committed to staying on track to implement a system that sets the standard for comprehensive medical marijuana programs.last_img read more

McDermott Finalizes Installation and Startup of Two ONGC Fields

McDermott Finalizes Installation and Startup of Two ONGC Fields

first_imgMcDermott International has completed the installation and startup of the Vashishta and S1 gas fields, under an engineering, procurement, construction and installation (EPCI) contract awarded by ONGC.McDermott together with consortium partner LTHE, a wholly owned subsidiary of Larsen & Toubro, was responsible for the engineering, supply and installation of a series of pipeline end terminations (PLETs) and in-line tee structures (ILTs), a pipeline end manifold structure (PLEM), rigid jumpers and approximately 50 kilometers of umbilicals.The pipeline scope includes 93 kilometers of 14-inch dual rigid pipelines extending from the shallow water shore line to a maximum water depth of 700 meters.McDermott deployed three of its specialist vessels to complete the installation phase, namely Derrick Barge 30, Lay Vessel North Ocean 105 and North Ocean 102.“I’d like to take this opportunity to congratulate ONGC in achieving this important first gas milestone. The success of this project confirmed that our consortium with LTHE has performed well in delivering the best in-market solution for our client,” said Ian Prescott, McDermott’s vice president for Asia. “We look forward to building on this strategic collaboration for future projects in India.”The Vashishta field is estimated to produce 9.56 billion cubic meters (bcm) over a period of nine years with peak production reaching 3.55 million metric standard cubic meters a day (mmscmd) during the first five years. The S1 field is expected to deliver 6.22bcm over a period of eight years with a peak production of 2.2mmscmd for the first five years.Both fields are located off the Amalapuram coast in India.last_img read more

2 bros nabbed in Silay sting op

2 bros nabbed in Silay sting op

first_imgAside from suspected shabu, a P4,500marked money and a cellphone were recovered from Alexander and Noe, the reportadded.  The suspects weredetained in the Silay City police station’s custodial facility, facing chargesfor violation of Republic Act 9165, or the Comprehensive Dangerous Drugs Act of2002./PN Police officers staged an entrapmentoperation which led to the arrest of the suspects around 2:50 p.m. on Thursday. The 31-year-old “high-value” suspectAlexander Chavez and his 32-year-old brother Noe yielded the suspected illegaldrugs valued at around P75,000, a police report showed. BACOLOD City – Suspected shabuweighing about five grams was seized in a sting operation in Barangay Lantad,Silay City, Negros Occidental.last_img read more

Area Basketball Scores (12-21)

Area Basketball Scores (12-21)

first_imgArea Basketball ScoresFriday  (12-21)Boys ScoresNew Washington  61     Jac-Cen-Del  51Jennings County  62     South Ripley  32Oldenburg  65     Waldron  26Borden  61     Shawe Memorial  59  (OT)Morristown  55     Union County  42Jefferson County Tourney @ SouthwesternSwitz. County  53     Carroll County  47SW-Hanover  50     Henryville  45Madison  64     Trimble County  51Grant County TourneyGrant County  75     South Dearborn  51  (Thursday)Lloyd Memorial  79     South Dearborn  72  (Friday)Girls ScoresColumbus East  56     Franklin County  47Lawrenceburg  51     Richmond  34Northeastern  47     South Dearborn  26last_img read more