Inner city

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Norwegian sovereign fund halves coal company holdings

first_imgNorway’s sovereign fund has nearly halved its exposure to thermal coal since the beginning of the year, only retaining shares in companies where mining is one of several business areas.Since the end of 2014, the NOK7trn (€806bn) Government Pension Fund Global (GPFG) has divested seven coal mining companies, leaving only eight manufacturing thermal coal used in energy production – worth only 0.01% of its entire equity portfolio.Yngve Slyngstad, chief executive at Norges Bank Investment Management (NBIM), told a Norwegian parliamentary hearing the fund retained its stake in large mining conglomerates but that the divestment came as part of its sale of a dozen companies due to concerns over water, deforestation and carbon emissions.The chief executive said: “Some sectors are facing particular environmental and social challenges. Based on an overall financial assessment, we may divest from individual companies. Over the past three years, we have sold off our shares in 114 companies on the basis of such assessments.” The fund earlier this year divested a number of firms over its environmental and human rights records, including some involved in the acquisition of phosphate from Western Sahara.Across its entire portfolio, NBIM now only retains NOK31.5bn in coal and general mining projects, slightly smaller in size than its dedicated environmental mandate of NOK42bn.Slyngstad compared the return of the environmental mandate with that of the whole fund, noting that the 5% return fell short of the 7.6% produced overall in 2014.“The environment-related mandates are currently confined to stock market segments that are well suited to active investment management,” he added.“Our investment managers have outperformed the environmental indices we use as a benchmark.”However, Slyngstad noted that the environmental mandate had underperformed the fund’s overall equity portfolio by 7 percentage points since its inception in 2009, echoing earlier comments.In his own remarks before the committee, Norges Bank governor Øystein Olsen also said the sovereign fund’s potential expansion into infrastructure would bring with it a team dedicated to the asset class.Discussing NBIM’s approach to real estate, in line with its goal to invest 1% of assets into property a year until it hits the current 5% cap, Olsen noted that a standalone property management team had been established.New properties will either be approved by the real estate team’s investment committee or, where sizeable acquisitions are occurring, by the fund’s executive board.Olsen noted that establishing an unlisted infrastructure portfolio is likely to see a similar resource-intensive approach to investment.The Norwegian government last year announced it would investigate relaxing the current 5% hard cap on real estate, and including infrastructure assets in the fund’s investment universe.last_img read more

This avo farm ‘Hass’ to be seen to be believed

first_imgThe property is on the market now.As well as farmers, Mr McNamara said some of the interest from potential buyers was were people that had never owned, or even worked, on a farm.“We marketed it quite widely,” he said.As well as the trees, it comes with a four-bedroom, two-bathroom home, a machinery shed and a green house. The home is still on the market for offers above $2 million. Avos are an increasingly valuable commodity.The southeast Queensland farm is offering the best of both worlds for prospective homeowners that might want a career change — with all the smashed avocadoes they can eat (toast not included).Located at 107 Cherry Creek Road, Cherry Creek, the 40 hectare property has been set up to grow thousands and thousands of avocadoes every year. RICH SUBURBS SHUN GREEN POWER AVOCADO HEAVEN: This farm grows thousands and thousands of delicious avos each year, and it is on the market now.THIS could be the answer for all those millennials that do not want to cut the smashed avos out of their diet to afford their own home. The property is near the small town of Blackbutt.The property was originally used for growing peanuts, with just a few hundred avocado trees used as a side crop. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p432p432p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreen107 Cherry Creek Rd, Cherry Creek01:58 With the popularity (and value) of avocadoes increasing, the majority of the land was converted to avocado trees. “It is a new asset so there are a lot of young trees that haven’t reached production yet,” he said. The property went to auction earlier today, but was passed in after bids reached $2 million. The property previously produced peanuts.More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoWith 3400 mainly Hass avocado trees on the farm, agent Jez McNamara from Ray White Rural said it could eventually produce 50,000 to 60,000 trays of the increasingly popular fruit every year. “It’s got a very good climate, it has good volcanic soil,” Mr McNamara said. BIG PRICE DROP FOR RIVERFRONT HOME last_img read more

Reg’l hospital in Bacolod limits visiting hours

first_imgUnder the adjusted policy, visiting timeis limited to Monday, Wednesday, Friday, and Sunday only within a given time. Visits will be allowed from 4 p.m. to4:30 p.m. at the ground floor of Heritage Building, pediatric ward, psychiatricward, and fourth floor of West Tower Building; 4:30 p.m. to 5 p.m., second floorof Heritage Building and fifth floor of West Tower Building; and 4 p.m. to 5p.m., sixth floor of West Tower Building. “This is to encourage people to avoidunnecessary trips to the hospital such as visiting of patients. This is forpurposes of avoiding the transmission of infectious diseases,” Drilon said. Drilon said the policy is subject tochange as the need arises and the public is expected to observe the policy fornow and continually observe basic preventive measures. Copies of the document were released bythe hospital management to the local media on Wednesday. Dr. Julius Drilon, medical center chiefII, announced the policy in a memorandum dated March 10, citing thePresidential Proclamation 922 issued by President Rodrigo Duterte whichdeclared a state of public health emergency throughout the Philippines. BACOLOD City – The Corazon Locsin Montelibano Memorial Regional Hospital(CLMMRH) in this city has set a limited visiting schedule for patients amid thecontinuing threat posed by the coronavirus disease (COVID-19). These include frequent washing of hands,proper sneezing and coughing etiquette, avoidance of crowded areas, amongothers. “Rest assured, the hospital isintensifying precautionary measures necessary to combat this health emergency,”Drilon added./PNlast_img read more

Indiana Pork Producers step up for the hungry

first_imgIndiana Pork Board President and hog farmer, Joe Baldwin, passing out hams during Gleaner’s Food Bank ham donation.Indianapolis, In. – More than 2,100 pounds of holiday ham, nearly 800 hams total, were donated by Indiana’s pork producers through Indiana Pork to Gleaners Food Bank of Indianapolis.“The entire year, but especially during the Christmas season, Hoosiers are compassionate to the hunger issue around the state,” said Joe Baldwin, President of the Indiana Pork Board of Directors.  “Indiana’s hog farmers feel privileged to help provide to those Hoosiers who may be struggling a bit this holiday season.  We hope this ham donation will help those who are struggling to put food on the table and help make Christmas a bit brighter for our fellow Hoosiers.”“Protein is critically important for the most vulnerable Hoosiers we serve: senior citizens and children,” said John Elliott, President & CEO of Gleaner’s Food Bank.  “This donation today is going directly into our Cynthia H. Hubert Community Cupboard to serve nearly 400 seniors who will come to us for assistance.”“Meat is not an item donated to food banks in sufficient quantity and families struggle to afford it,” said Emily Bryant, Executive Director of Feeding Indiana’s Hungry.  “We are thankful for the generosity of Indiana’s Pork farmers every day. Today’s donation of hams will provide high quality protein to families this holiday season who face hunger.”Monday’s ham donation was just in time for Senior Shopping Day at the food bank.  Gleaners Food Bank provides food assistance to more than 260,000 people in central and southeast Indiana.last_img read more

Clarence “Bud” Souder

first_imgClarence “Bud” Souder, 76, of Speedway, formerly of Boca Raton, FL passed away Friday, September 7, 2018 at St. Vincent Hospice in Indianapolis.  Clarence was born Friday, September 12, 1941 in Champaign, Illinois the son of Clarence and Edith (Mack) Souder Sr.  Bud was of the Protestant faith, worked for Frigidaire in FL, was a U.S. Army Veteran and a member of the American Legion. Buds interests included: modified sprint race car driver, fishing, golfing and enjoyed playing poker.  He was a political activist, writing many letters to congressmen and senators. He loved animals and nature, at one time owned a sulky race horse named Helen and spent some time training race horses. He was a history buff, very knowledgeable about the Bible and loved watching the History Channel.Bud is survived by son Michael (Julie) Burnworth of Huntington, IN, three grandchildren: Emily (Nick) Alles, Megan (Rob) Sands and Brandon Burnworth, six great grandchildren, an aunt and uncle, several cousins, nieces and nephew. He was preceded in death by his parents and brother Ronnie.Graveside service will be held at 11 AM, Monday, September 17 at Forest Hill Cemetery in Moores Hill with Pastor Mark Powell officiating.  Military services will be provided by Moores Hill American Legion Post # 209.  In lieu of flowers: memorials may be given in honor of Bud to Save the Children Foundation.  Sibbett-Moore Funeral Home entrusted with arrangements, 16717 Manchester Street, Box 156, Moores Hill, IN 47032, (812) 744-3280. You may go to to leave an online condolence message for the family.last_img read more


first_imgAnother NASCAR season just ended.  NASCAR has always been known for crashes.  In fact, that seems to bring people into the stands as much as the racing itself.  Lately, however, the conduct of some of the drivers seems to be getting out of hand.  Joey Logano purposely wrecked Martin Truex recently to win a race.  Some people call this NASCAR racing.  I, myself, would label it cheating.I think you can have a competitive fan-friendly racing circuit without the deliberate wrecking of a driver who gets in your way.  Some racing experts say it would be impossible to tell whether it was deliberate or accidental.  I don’t think it would be that hard.  When a driver runs into the back of another driver, I think it is pretty obvious what he was planning.  Also, if you see a driver suddenly turn to hit the back of another car, I think that is obvious!  At least NASCAR could make an attempt to penalize such moves.  After all, they have a million other rules concerning races today.  Why would this be any different?last_img read more

Mr. Dennis Wayne Powers

first_imgMr. Dennis Wayne Powers, age 60, of Bloomington, Indiana, formerly of Switzerland County, Indiana, entered this life on October 23, 1959 in Madison, Indiana. He was the loving son of the late Albert Owen “Buster” Powers, Sr. and Jerri A. (Scranton) Powers. He was raised in Switzerland County, Indiana and was a 1979 graduate of the Switzerland County High School. He studied astronomy at Indiana University in Bloomington, Indiana. Dennis was united in marriage to Annetta “Bernice” Kee in Tennessee. Dennis and Bernice shared several years of marriage together until she passed away on January 15, 2019. Dennis was employed as the manager for Bob Evans for four years and was a manager for York Steak House for a few years in Bloomington, Indiana. He was employed in food and beverage for a nursing home in Bloomington, Indiana. Dennis was also employed as the food service director for Garden Villa Nursing Home in Bloomington, Indiana, retiring after several years of service due to his health. Dennis enjoyed fishing, looking at the stars and was an avid Star Trek fan and collecting memorabilia. Dennis passed away Friday July 24, 2020, at the IU Health Hospital in Bloomington, Indiana.Dennis is survived by his sister, Dianna Powers of Vevay, IN; his brothers, Albert O. Powers, Jr. and his wife, Angela of Vevay, IN, Mark Powers and his wife, Patty of Madison, IN and Michael Powers and his wife, Kandy of Madison, IN; his nieces and nephews, Ashley Powers, Emily Lovins, Braxton Powers, Coltin Powers, Amber Powers, Andrew Powers and Courtney Powers; his great-nieces and great-nephews, Harlan, Woodrow and Reba; his aunts and uncles, Lula Belle and Donald Thomas of Patriot, IN, Ruby Delores Rowlett of Madison, IN, Donnie and Wanda Scranton of Fairview, IN and Harold and Louisa Scranton of Fairview, IN; his several cousins; his step-children, Kim Kent of Bloomington, IN and Kath Kent and her wife, Shaunte McCool-Kent of Indianapolis, IN and Robert Joseph Gilbert of Bloomington, IN; his 8-step-grandchildren and 3-step-great-grandchildren.He was preceded in death by his parents, Albert Owen “Buster” Powers, Sr. and Jerrie A. (Scranton) Powers; his wife, Annetta “Bernice” (Kee) Powers; his niece, Danielle Nicole Powers; his step-son, Douglas Steven Gilbert and several aunts and uncles.Due to COVID-19 and in keeping with the CDC guidelines, masks are required along with social distancing. Friends may call 5:00 p.m. – 7:00 p.m., Monday, August 3, 2020, at the Haskell & Morrison Funeral Home, 208 Ferry Street, Vevay, Indiana 47043.Due to COVID-19 and in keeping with the CDC guidelines, masks are required along with social distancing. Funeral services will be conducted Monday, August 3, 2020, at 7:00 p.m., by Pastor Joe Lamson, at the Haskell & Morrison Funeral Home, 208 Ferry Street Vevay, Indiana 47043.Due to COVID-19 and in keeping with the CDC guidelines, masks are required along with social distancing. Graveside Services will be conducted at the cemetery chapel on Tuesday, August 4, 2020 at 1:00 p.m., Valhalla Memory Gardens, 310 North Johnson Avenue, Bloomington, Indiana 47404.Memorial contributions may be made to Fresenius Medical Care Foundation of Bloomington, Indiana where Dennis went regularly for dialysis. Cards are available at the funeral home or online at www.haskellandmorrison.comlast_img read more

United impress at Emirates

first_imgManchester United moved back into the top four of the Barclays Premier League with a 2-1 smash-and-grab raid at Arsenal. Press Association It was a second-successive defeat for Arsenal, who had completely dominated the first half, but failed to beat David De Gea, who saved a one-on-one from Jack Wilshere – the latter later went off with an injured ankle. While United will head back north with confidence renewed, Gunners boss Arsene Wenger was left facing the same questions about the direction of his side, now down in eighth place. Things had looked like turning out so different following a blistering start by the hosts. Alex Oxlade-Chamberlain was lively as he had been against Scotland on Tuesday night, holding off his England captain Rooney before darting to the right by-line and whipping a ball into the six-yard box, which Welbeck headed over. The first key moment of the match came on 13 minutes when De Gea, who injured his hand while on international duty, made a hash of a clearance under pressure from Alexis Sanchez. Aaron Ramsey collected the loose ball, which Welbeck laid off into the path of the onrushing Wilshere. The England midfielder, though, ran it too close to De Gea, who blocked with his chest as unmarked Sanchez stood screaming for a square pass and a tap in. United defender Luke Shaw had earlier injured his ankle, and eventually hobbled off to be replaced by Ashley Young on 16 minutes. Referee Mike Dean had to give Wilshere and Marouane Fellaini a stern talking to after the pair needlessly squared up. The much shorter Arsenal man pushed his head into the United midfielder’s chest – which on another day could well have been punished by a red card – and sparked a brief melee. On 41 minutes, Di Maria scampered away down the right and fed Rooney, and it needed a timely sliding block from Chambers to prevent the England captain putting United ahead. At the start of the second half, Welbeck was away again down the left, but after cutting into the penalty area, he could not beat De Gea at the near post. Wilshere was left in a heap after a sliding challenge from McNair turned his ankle, and was eventually replaced by Santi Cazorla on 55 minutes. United swept into the lead through some comedy defending from Arsenal, which would not have looked out of place on the set of ‘Dumb and Dumber To’, with American actors Jim Carrey and Jeff Daniels guests on the Emirates Stadium pitch before kick-off. Goalkeeper Szczesny came out to palm away a deep cross from the left, but was clattered into by Gibbs. The loose ball dropped to Valencia, who drilled his shot goalwards and which looked to be going wide but deflected off Gibbs, who was still on the ground, and into the net. Szczesny had taken a heavy blow in the ribs, and was not able to continue, so Emiliano Martinez came on. During the stoppage, there was an incident on the United bench, as substitute Darren Fletcher was involved in an angry exchange with Arsenal supporters in the rows immediately behind. When play eventually restarted, Sanchez glanced a diving header straight at De Gea. Arsenal, though, were made to pay for pressing such a high line as United added a second on the break. Di Maria skipped away down the right, drawing Nacho Monreal out of position before squaring to Rooney, who ran into the area and clipped the ball over the goalkeeper. Argentina forward Di Maria could have added a third early in the eight minutes of stoppage time after breaking clear from a corner, but floated the ball wide of the far post. Giroud stunningly cracked the ball past the hand of De Gea into the top left corner from 20 yards, but a grandstand finale never came. All the pre-match hype had been over Danny Welbeck facing his former club, but the England forward had few opportunites to prove United boss Louis van Gaal wrong as United rode their luck before striking twice in the second half. Antonio Valencia’s shot was deflected in off Kieran Gibbs, whose collision with Wojciech Szczesny saw the Arsenal keeper substituted on 55 minutes before, as the Gunners pressed, Wayne Rooney clipped in a second on the break. Arsenal forward Olivier Giroud marked his return from three months out with a broken ankle by netting a well-struck consolation in stoppage-time. last_img read more

Women’s basketball: Badgers fall short in first two games of season under Tsipis reign

first_imgThe University of Wisconsin women’s basketball team couldn’t find their first win under new head coach Jonathan Tsipis with two demoralizing losses, one to Charlotte University Friday and the other to Saint Francis University Sunday.The 103-100 loss to St. Francis was the first time the Badgers crossed the 100 point mark since 2004, but it felt like anything but historic as it also meant losing their home opener of 2016-17 season.Even with the losses, the weekend produced several standout moments that are cause for optimism going forward for a young team under a new coach. Junior Cayla McMorris was one of those few bright spots, leading the Badgers with 13 points Friday and a career high 31 points Sunday.Women’s basketball: ‘Nowhere but up’ for BadgersThe Wisconsin women’s basketball team will tip off the 2016-17 season with a new face at the helm: former George Read…The 63-45 season opening defeat to Charlotte was as demoralizing as Tsipis could’ve imagined, with the squad posting a 15.2 percent shooting percentage and 13 turnovers in the first half. The Badgers entered the locker room at the half down by 15 and, despite trimming the margin by seven in the third quarter, were unable to recover after a five minute scoring drought.The loss to the 49’ers was a tough one to stomach for a squad that is trying to separate itself from the last place finish in the conference one season ago under former coach Bobbie Kelsey. In her five years at the program, Kelsey couldn’t reach more than five conference and 12 total wins in a season, an era that Tsipis is hoping to reverse.Despite the offensive rebirth the Badgers witnessed Sunday in their triple-digit effort, the feeling of loss didn’t feel much better coming home. Wisconsin out-rebounded St. Francis by 20, but committed turnovers a massive 25 times to give SFU 29 extra points in a nail-bitter finish.Mental mistakes were the headline for Wisconsin this weekend, taking them out of both wins with turnovers and discombobulated defense. If the Badgers want to reach the win column in the next three games before their big University of Nevada, Las Vegas Invitational Nov. 26, they’re going to have to get rid of their turnovers and return to fundamental Wisconsin basketball.Tsipis and the Badgers stay in Madison for a big non-conference matchup with Butler University Sunday. The matchup will tip off at 2 p.m. CT and air on BTN Plus at the Kohl Center.last_img read more