Categories: Letters to the Editor, OpinionI will always vote for candidates who support treaties that unite countries against climate change.I believe that all residents of every country in the world are equally deserving of a clean, safe environment to live and work in, for an infinite number of generations into the future.I grew up believing that Americans were learning to treat each other more fairly; people like Donald Trump, Claude Rizzicone Jr. [Jan. 14 letter], and Dave Edwards [Jan. 15 letter] seem determined to prove me wrong.Nevertheless, I will persist and resist. Thank you, President Obama. Thank you, Don Steiner [Jan. 9 letter].Joyce M. CockerhamSchenectadyMore from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Thruway tax unfair to working motoristsFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Beware of voter intimidation
Also Friday Boeing announced that it was suspending its dividend until further notice and that Chief Executive Dave Calhoun and Chairman Larry Kellner would forgo pay until the end of the year.The company, which had previously announced it was suspending share buybacks, said the program would remain paused indefinitely.Boeing’s dual crises would threaten the survival of other companies, but it still retains considerable support in Washington because of its importance to the US economy, with about 130,000 employees. And that figure does not include a much larger group workers employed by Boeing’s 17,000 suppliers. President Donald Trump on Tuesday endorsed aggressive measures to assist the companies, telling reporters at a briefing, “we have to protect Boeing and help Boeing.”Auto bailout a model? In a securities filing Thursday, Boeing said there are a “variety of approaches” currently being discussed to support the US aerospace industry, but the company declined to comment further on the options.Aid for aerospace is not included in the $1 trillion stimulus package now being crafted on Capitol Hill, although it does including help for airlines.One option that has been discussed is for the government to take an equity stake in Boeing.”Taxpayers should receive equity in a company in return for assistance so that the public benefits from its investment when the company is fiscally stable,” said Oregon Democratic Representative Earl Blumenauer.If Boeing follows the model set by General Motors and Chrysler after the 2008 financial crisis, it would file for bankruptcy protection under Chapter 11 and restructure its finances.The auto bailout was launched by former president George W. Bush in 2008 under the Troubled Assets Relief Program, and carried through by Barack Obama’s administration.The federal government injected $81 billion into two of Detroit’s “Big Three” automakers and took equity stakes in the companies, and then sold those shares in December 2013.GM filed for bankruptcy in June 2009 and received $50 billion in support that allowed the government to take a 61 percent stake in “new GM.” The company was effectively nationalized, although officials avoided that term.The restructuring cost shareholders $11.2 billion, but saved some 1.5 million jobs, according to the Center for Automotive Research.Scott Hamilton of Leeham News, which specializes in aviation, said a US takeover of Boeing could pose competitive concerns in the defense industry.”Boeing is the nation’s number two defense contractor. How would this affect defense contract bids? I imagine Lockheed Martin and Northrop Grumman might have some concerns,” Hamilton said.”I don’t think there’s much of a rationale for a US stake in Boeing,” said Richard Aboulafia of the Teal Group, a research consultancy focused on aviation and defense.The government also could make aid conditional on splitting the company into two entities, one focused on commercial planes and the other on defense, experts said.Another possibility could be a merger of Boeing into one of the other defense giants, experts said.Lockheed Martin did not respond to queries, while Northrop declined comment. About 12 years after the US government bailed out General Motors and Chrysler, Washington policymakers are debating how to throw Boeing a lifeline as it reels from dual crises over the coronavirus and 737 MAX.The aerospace giant, which manufactures the US presidential jet Air Force One in addition to defense and commercial aircraft, has asked for $60 billion in federal support for the US aerospace industry, but it is not yet clear how such a bailout would function.”Boeing is on the brink,” prominent hedge fund investor Bill Ackman said this week. “Boeing will not survive without a government bailout.” Boeing’s financial picture was already under pressure even before the coronavirus. The 737 MAX, which had been the company’s top-selling plane, has been out of service for more than a year following two deadly crashes. The lengthy grounding has cost the company upwards of $18 billion, a figure that is expected to rise.The coronavirus has now worsened that picture considerably, obliterating demand for flying and putting Boeing’s airline customers in financial distress.The situation has pummeled shares of Boeing, leaving its market capitalization Friday at around $54 billion. Topics :
June 26, 2015 SHARE Email Facebook Twitter Real Solutions for Pennsylvania’s Future vs Failed Republican Budget Gimmicks Press Release Harrisburg, PA – Throughout negotiations with Senate and House Republicans, Governor Wolf has made it clear that he has three simple priorities to move Pennsylvania forward:A commonsense severance tax to help fund our schools;Provide property tax relief to middle-class families and seniors; andFix Pennsylvania’s structural budget deficit without gimmicks.He has said that anything less is unacceptable. We cannot embrace the status quo of a stagnant economy, multiple credit downgrades and a massive budget deficit.The Republican budget continues the failed policies and gimmicks of the past four years that have led to everyday families struggling, underfunded schools, credit downgrades, and rising property taxes.This is not a balanced budget. The Republican budget continues their gimmicks:Shifting more than $563 million in current year expenses to next years’ deficit.Ignoring recent cost and revenue adjustments by more than $300 million, including $100 million to pay for lottery funded programs for seniors.Failing to provide more than $187 million for mandated human service programs.After taking into consideration the fine print in the Republican budget, it only provides an additional $8 million for our public schools – essentially nothing. This meager investment is less than 2% of the $500 million needed to restore the damage from Corbett’s cuts.The higher education investments in the Republican budget are so small it will take eight years just to restore the higher education cuts under the Corbett administration.The Republican budget also completely eliminates funding to address a growing Heroin epidemic. The Governor’s budget proposal, provided $2.5 million for two pilot programs:Funding for thousands of lifesaving Naloxone kits will be eliminated leaving first responders without this effective treatment.Funding for counties to provide addiction treatment for thousands of citizens will be eliminated. We know all too well the result of this type of Republican budgeting:A $2.1 billion structural budget deficit by 2016-17.Numerous credit ratings downgrades.Underfunded schools with higher class sizes and slashed programming.Higher property taxes.If this Republican gimmick budget is what reaches Governor Wolf’s desk he will veto it.MEDIA CONTACT: Jeff Sheridan – 717.783.1116
The head of two Danish labour market pension funds has warned members against rejecting a full merger of the schemes when they vote on the proposal next week.Søren Kolbye Sørensen, management chief for Denmark’s pension fund for lawyers and economists (JØP) and the pension fund for engineers (DIP), warned that cost savings gained from the funds’ long-term co-operation on investments could be lost if members reject the link up. Members of the two labour-market pension funds are set to vote on Wednesday on a full merger between the two schemes following years of increasingly close co-operation.Kolbye Sørensen, who is chief executive of the funds’ joint administration company P+ Pension, said in comments published on both funds’ websites: “If the merger is rejected at the general meetings, that will not be immediately be apparent in our costs. But in the long term, there is an increased risk that the two funds will not be able to maintain the co-operation, and so it will probably be more difficult to achieve the savings that we expect in the next few years. Søren Kolbye Sørensen, JØP/DIPKolbye Sørensen said the funds currently paid around DKK660m a year in investment costs, but were working to reduce this figure by allocating more to alternatives and unlisted assets in the future, including infrastructure, property, private equity and wind turbines.With these costs going in particular to external asset managers, he said the funds were planning to negotiate lower fees with managers with their new, larger capital.Anders Eldrup, chairman of JØP’s supervisory board, said that at recent member meetings to discuss the merger, one of the two key questions raised had been about member democracy – the issue being that individual member votes would mean less as the fund grew in capacity through the merger.JØP currently has around 67,000 members and DIP around 29,000.Eldrup said the other main question had been on costs. In concrete terms, he said, members could expect administrative costs to amount to DKK500 a year per member if the merger goes through. According to JØP’s annual report, costs per member were DKK569 in 2018.JØP and DIP have shared an office building for many years and decided in 2013 to merge their investment operations. They subsequently began a joint administrative operation in 2015, before announcing in 2017 their plans for a full merger. “That is why we are saying that a merger can ‘safeguard the savings’.”He went on to explain that the annual savings the funds already experienced from their collaboration amounted to more than DKK130m (€21.4m) in investment costs. The full merger is expected to increase these savings by an estimated DKK10m a year from 2020.
Sleipnir during LNG bunkering operations; Image courtesy of HMCSleipnir, Heerema Marine Contractor’s semi-submersible crane vessel and the world’s first LNG-powered construction vessel, is set to embark on its maiden voyage from Singapore.Sleipnir, which completed its sea trials and crane load tests last month, is set to leave Singapore this week and start its 45-day trip towards Spain.The vessel itself is designed to work on large offshore projects such as installing and removing jackets, topsides, deep-water foundations, moorings and other offshore structures, such as wind turbines.This is the largest crane vessel ever built with a pair of world’s strongest revolving cranes and is the first vessel of its kind with dual-fuel engines running on MGO and LNG.The last two days of LNG bunkering took place 12 miles off the coast of Indonesia with Heerema being the first company to perform LNG bunkering in this area of the world. Heerema selected Dutch company Titan LNG to help in this operation.For this purpose, Titan LNG chartered a ship commercially managed by Dutch shipping firm Anthony Veder.Sleipnir will now set sail for Spain, rounding South Africa’s Cape of Good Hope. In the Mediterranean, Titan LNG will again supply Sleipnir with LNG using the Coral Fraseri that will pass through the Suez Canal.The vessel is equipped with two 10,000-tonne revolving cranes which can lift loads of up to 20,000 tonnes in tandem. During the recent sea trials, the cranes managed to lift loads of 11,000 tonnes per crane – 110% of its capacity.Koos-Jan van Brouwershaven, CEO of Heerema, said: “Sleipnirs’ design clearly showcases Heerema’s dedication to sustainability beyond simply compliance. This specific project of bunkering LNG is proof of this ambition. We are very pleased to work together with Dutch Company Titan LNG, since it provided us with good solutions for bunkering, in Singapore as well as in Spain.”Jan Valkier, CEO of Anthony Veder, added: “Shortly after adding Coral Fraseri to our fleet we have already mobilized her in the small scale LNG market, which underlines our strong position and commitment in supplying the maritime industry worldwide sustainable solutions for LNG as a marine fuel.“
Copenhagen Infrastructure Partners (CIP) has teamed up with two Taiwanese companies to build an offshore wind farm operations and maintenance base in Changhua County, Taiwan. The Operation & Maintenance Center is planned to be a two-storey steel structure with a floor area of about 1,000 m2 and will include offices, maintenance, handling, storage, and other areas. The base is scheduled to be completed by the end of 2021. Source: CECI Engineering Consultants CIP reached a final investment decision on the 589 MW Changfang and Xidao offshore wind project in February 2020. The wind farm is located in the Taiwan Strait, some 13-15 kilometres off the Taiwanese west coast at the Fangyuan Township, Changhua County. The project is currently in its design stage and is expected to be issued the construction permit in the fourth quarter of 2020. It will feature 62 MHI Vestas 9.5 MW wind turbines scheduled to be commissioned in the first quarter of 2024. CIP has partnered with CECI Engineering Consultants, Inc. and Reiju Construction to build the O&M base. Onshore construction on the project started in July 2020.
By Ryan ClarkINDEPENDENCE, Iowa – Double features during weekly racing and two mid-week specials highlight action the next two weeks at Independence Motor Speedway.IMCA weekly racing is next up this Saturday, July 12, when three make-up features will be added to the program for the eighth annual Dick Frye Memorial.Budweiser Mid-Season Championship Night was cut short due to rain June 28 after qualifying was completed. With two features already made up July 5, the three remaining events will be held July 12.Make-up features for the IMCA Late Models, Karl Chevrolet Northern SportMods and IMCA Sunoco Hobby Stocks will take place this Saturday prior to a complete program for all five weekly divisions, including the Late Models, SportMods and Hobby Stocks, along with the Performance Bodies IMCA Modifieds and IMCA Sunoco Stock Cars.The event will also serve as the Saturday Showcase for the Hobby Stock division. Drivers competing in the regularly scheduled Hobby Stock portion of the July 12 program will vie for increased prize money. The 15-lap feature will pay $300 to win. The Showcase Saturday for IMCA Hobby Stocks is a weekly points race for the division and will feature normal qualifying procedures.Buy-ins will not be permitted for the July 12 make-up features.Grandstand admission is $10 for adults and $8 for seniors and students. Kids 11 and under will be admitted free if accompanying a paid adult. Pit passes are $25.Gates open at 4 p.m. with hot laps at 6 and racing to follow. Next Wednesday, July 16, racing action will kick off the 2014 Buchanan County Fair. IMCA Sunoco Stock Cars, Karl Chevrolet Northern SportMods, IMCA Sunoco Hobby Stocks and Micro Mods will compete in the mid-week special. Both the Stock Cars and SportMods will compete for $500 to win, while the Hobby Stock winner will take home $400 in the draw/redraw special. Those three divisions will be IMCA sanctioned, however track points will not be awarded.Gates open at 5 p.m. July 16, with hot laps at 7 and racing to follow.Grandstand admission is $8 for adults and $5 for seniors and students. Kids 11 and under will be admitted free if accompanying a paid adult. Pit passes are $25. There will be no racing Saturday, July 19 during the Buchanan County Fair. Country music star Chris Cagle will be performing live at the fairgrounds that evening.The World of Outlaws Late Model Series returns for its fourth consecutive year on Thursday, July 2, and will be accompanied for the second straight year by the XSAN Hawkeye Dirt Tour for IMCA Xtreme Motor Sports Modifieds.Grandstand admission for that event is $30. Ages 11 and under will be admitted free if accompanying a paid adult. Pit passes are $35. IMCA Modified drivers competing will not be charged for a pit pass July 24.Gates will open at 4 p.m., with hot laps at 6:45 and Late Model qualifying to follow.
“Too many simple balls going astray and not getting the sort of pressure on Sunderland we had on Fulham two weeks ago, so we ended up with a dogged affair. “We wanted someone to find a little bit of genius for us and one of our creative players to pop up with something a little bit special but we couldn’t find that today and probably the draw was a fair result.” Allardyce’s Sunderland counterpart Gus Poyet believes he has finally seen a Black Cats team with his identity stamped on it as they created the better chances. The visitors were in the ascendancy for much of the game at Upton Park, with Phil Bardsley’s long-range effort coming back off the woodwork the closest either side came to finding a winner. Steven Fletcher’s goal in the 3-1 defeat at Crystal Palace on August 31 was the last time Sunderland scored away from home in the league but Poyet felt for the first time in a while that his side deserved to win a game. “I would like to say that we didn’t look like the worst team in the Premier League today but somehow it is not enough,” he said. “To be out of this situation, when you play like this you need to win and you need to score to make sure you take the three points, but in the first half it was my team. This is my team and now I need to make sure we do it week in, week out. “There are different feelings. I’m very upset because we didn’t win but for the first time proper this was my team.” Poyet was appointed Paolo Di Canio’s successor at the Stadium of Light after the Italian was sacked in September and is starting to see the players adapt to his style. “It was the way I like to play football,” he said. “It is a different way and it is not that easy when you are at the bottom to convince 25 players that we need to be brave on the ball. “If you believe in a way of playing you are able to achieve. We did it 45 minutes here and 45 minutes there but today was the first time we didn’t get what we deserved.” The draw means West Ham remain in the relegation fight with the result keeping them just one point above Crystal Palace and Fulham who, along with Sunderland, occupy the bottom three places. But Allardyce feels his contribution while on loan from Liverpool last season meant it was a sensible deal to conclude. “David Sullivan said that only at the end of the season will we be able to judge if Andy Carroll is a good player or not,” Allardyce said. “Understanding the size of the investment I can understand why he (Sullivan) said that. “We have got to get Andy fit and Andy has got to do what he did for us last season. It is not his fault he is injured – we have just got to get him fit and keep him fit. “He is the difference between us winning more games and not, he certainly was last year. If you look at our win ratio with Andy Carroll to our win ratio without him it was pretty significant and pretty obvious that we had to sign him.” It still remains unclear when the former Newcastle and Liverpool striker will be able to make his return to the first-team fold, but with a tricky festive period including a trip to Manchester United and a Boxing Day clash with league leaders Arsenal, the Hammers will be desperate for him to play sooner rather than later. Allardyce admitted there was a little bit of nervousness creeping into his squad and that they lacked an injection of class which would have turned a timid performance into a crucial victory. “There is a little bit too much edge in our game,” he said. Club-record signing Carroll may have been the sort of individual who could have turned the goalless draw in Allardyce’s side’s favour, but the England international remains sidelined with the heel injury which has kept him out of the team since August. West Ham’s co-chairman David Sullivan suggested in an interview with Football Focus on Saturday that he would not have sanctioned a big-money move for the 24-year-old if he had been aware of how long his absence would have lasted. West Ham boss Sam Allardyce was left frustrated as his side failed to beat Barclays Premier League bottom club Sunderland, but moved to defend the summer signing of Andy Carroll. Press Association
It’s not hard to understand the Brazilian outrage. If the goal of hosting the Olympics is to put the best of one’s country on display, this summer’s games could to do the exact opposite for Brazil beneath the international spotlight.The country’s government is deliberating over whether to impeach President Dilma Rousseff. The economy remains in a major recession, leaving Brazilians angered over the decision to allocate millions of public dollars for the construction of stadiums that, if history is any lesson, will go to waste immediately after the games conclude.And certain bits of construction still need to be finished. A key subway extension that will shepherd thousands of fans between downtown Rio and the Olympic village is unfinished, and there is reportedly no backup plan if it is not done in time. At least one stadium has missed key construction deadlines.Meanwhile, the Zika virus remains a worry for visitors. Two sewage-infested bodies of water (Guanabara Bay and the Rodrigo de Freitas lagoon) have already made visiting athletes sick, and though officials are working to clear trash from the water and its shores, the risk of infection or sickness may be still inevitable come August.What’s more, a newly opened bike path that was meant to be a positive symbol of the Olympics’ lasting contribution to the city collapsed over the ocean in April, killing at least two.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Brazilian soccer legend Rivaldo offered a foreboding message over Instagram on Sunday to fans considering traveling to Rio de Janeiro for this summer’s Olympics: Stay away.“Things are getting uglier here every day,” Rivaldo posted to his Instagram (via Yahoo). “I advise everyone with plans to visit Brazil for the Olympics in Rio — to stay home. You’ll be putting your life at risk here … Only God can change the situation in our Brazil.”Rivaldo’s comments, which specifically had to do with the recent death of a 17-year-old girl, are indicative of the Brazilian public’s animosity toward the 2016 Games. When the Olympic torch arrived in the city on May 3, the ceremony was marred by heavy protests. Protests are only expected to grow stronger.
TÂ he Germans played out a 1-1Â draw with Chile in their second group outing after a 3-2 win over Australia in their first match.Portugal are set to rest Cristiano Ronaldo for today’s clash against New Zealand as the Euro 2016 winners look to confirm their passage into next week’s Confederations Cup semifinals.Ronaldo brushed off allegations of tax evasion in Spain with man-of-the-match performances in the 2-2 draw with Mexico and 1-0 win over Russia, when he scored the winner. Ferdinand Santos is expected to rest some stars, including captain Ronaldo, against the Kiwis.AC Milan’s new signing Andre Silva should lead Portugal’s attack in the David verses Goliath clash in St Petersburg.Things remain tight in Group A before today’s final round.Mexico, top of Group A equal with Portugal on four points by virtue of having scored one more goal, face Russia, who are just a point behind in third.Only fourth-placed New Zealand have no chance after losing their two games so far.The Kiwis will breathe a slight sigh of relief if Ronaldo is rested with the Real Madrid star having scored 15 times in his last nine games for club and country.“Even if you take Ronaldo out of the team, you still have world-class players like Ricardo Quaresma and Nani, we have a game plan and we won’t be over-awed,” said Kiwi coach Anthony Hudson.“The Portuguese probably don’t want to be playing New Zealand right now.”Like he did before the Mexico game, Hudson called on the Kiwis to be ‘brave’ against the European champions.This will be the first senior meeting between eighth-ranked Portugal, and New Zealand, who are 95th â€“ sandwiched between Guatemala and Madagascar.The Kiwis are without a win in all of their 11 Confederations Cup matches and bow out against Portugal after already losing to hosts Russia and Mexico.The plucky All Whites gave the Mexicans a scare in Wednesdayâ€™s 2-1 defeat in Sochi with Leeds striker Chris Wood giving the Kiwis a shock first-half lead.It was their first goal in 555 minutes of Confederations Cup football before Raul Jimenez and Oribe Peralta scored second-half goals for Mexico as the Kiwis faded.“We took a great side all the way against Mexico and we can do that against Portugal. If we play like we did the other night, I have all the confidence in the world,” said Wood.It promises to be a battle royal in Kazan where Mexico need just a point to make the semis, while Russia need to win or their prospects hinge on Portugal losing.After the draw with Portugal, Mexico’s coach Juan Carlos Osorio made eight changes against New Zealand, which back-fired and his side only reacted when they fell behind.“Russia are going to be a different proposition, they like to keep the ball and bring it out of defence,” said Mexico’s midfielder Juergen Damm.“We’ll try to counter their strengths and exploit their weaknesses, but we need to be focused.”Having spent the New Zealand game on the bench, star striker Javier Hernandez is expected to start while Osorio must make changes after injuries to defenders Carlos Salcedo and Hector Moreno.Russia coach Stanislav Cherchesov has said he will decide his starting line-up after training with an electric atmosphere expected for the national team’s first game at the Kazan Arena.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram