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Enel to speed up closure of its last two coal plants in Chile

By on December 31, 2020

first_img FacebookTwitterLinkedInEmailPrint分享ReNews.biz:Enel will exit Chile’s coal power sector early by bringing forward the closure of its Bocamina coal-fired power plant, located in Coronel. The company’s Chilean subsidiaries Enel Chile and Enel Generacion Chile informed the market that their boards of directors took the decisions to accelerate the closure of the power station.Enel Generacion Chile will request Chile’s National Energy Commission (CNE) to authorise the cessation of operations of the plant’s 128MW Bocamina 1 unit by 31 December 2020 the 350MW Bocamina 2 unit by 31 May 2022.The original closure date for Bocamina 1 was by the end of 2023 and the closure of Bocamina 2 was set for 2040 at the latest.Enel global power generation head Antonio Cammisecra said: “We will be the first power company in Chile to fully exit the coal sector, while continuing to safely build renewable capacity, with concrete benefits from an environmental, economic and social standpoint.The net book value of the two Bocamina Units amounts to approximately €790m, including the related dismantling costs. The decisions of Enel Chile and Enel Generacion Chile’s Boards of Directors could entail the recognition of an impairment on the assets involved in an amount of up to the net book value.More: Enel ‘accelerates’ last Chile coal plant shutdown Enel to speed up closure of its last two coal plants in Chilelast_img read more

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Dickies Work Wear Still a Number-One Outdoor Apparel Choice

By on December 30, 2020

first_imgIt doesn’t have to say Patagonia on it to be great outdoor wear.Of all the apparel I’ve tested and used over the last dozen or so years, I keep coming back to one of my all-time favorite brands for working and playing in the outdoors. You’ll even see me trail running and climbing in their gear. That’s right, Dickies is awesome for all things outdoors, and is one of the best trail-to-bar brands out there. And this year, they are introducing even more performance fabrics and fashion-forward styles.The new 11” Lightweight Duck Carpenter Shorts have added comfort to help you focus on the job at hand, whether that be changing the battery in your motorcycle or belaying your wife on a lead climb. They sit just below the waist and feature Dickies lightweight cotton duck fabric, outfitted with utility pocket and hammer loop. (MSRP $23.99)Dickies Ultimate Work Shirt (SS300)The new Dickies Ultimate Work Shirt is part of the Dickies Performance System. This stylin’ piece of iconic gear features wicking technology, UPF 50 sun protection and a mesh-lined vent in the back for breathability, perfect for muggy Blue Ridge days outdoors. (MSRP $36-38.99)The brand’s new Softshell Light Jacket offers DWR protection and interior storm flaps — as well as a three-piece adjustable hood, lots of pockets and cinch cords. (MSRP $66-79.99)Regular Fit Straight Leg Cargo Pant (WP595)For backpacking and bushwhacking, the new Regular Fit Straight Leg Cargo Pant is as bomber and respected as Dickies work pants have always been. They sit below the waist with a straight leg and traditional fit through the seat and thighs, crafted from a flexible poly/cotton twill work cloth. They resist wrinkles, feature easy-care stain release and wick moisture. With the multi-use pocket and cargo pocket, what else could you ask for? (MSRP $29.99)Also of note, the Dickies 1922 line includes limited edition, authentic replica pieces and heritage-inspired work wear, all manufactured in one of the oldest factories the country. Check out their classic Truck Driver jacket here.Visit your local retailer or Dickies.com.last_img read more

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Coming credit crisis: How credit unions must prepare

By on December 17, 2020

first_imgThe challenges of the COVID-19 recession for lenders have not yet begun to bite in earnest, but banks and credit unions are going to start feeling it soon, according to an expert from Accenture.The impact on credit of all kinds is going to be felt in different ways depending on the makeup of each financial institution’s portfolio and on the demographics of their consumer and small business borrowers. But as the summer of 2020 moved into fall, the Novocain was wearing off on the recession pain as certain credit relief efforts tailed off and as the impact of multiple stimulus programs ended.Now lenders will begin feeling a nonperforming loan crisis that will differ from anything seen by most people in the industry today, with the exception perhaps of the oldest credit veterans. This recession’s impact on credit isn’t something that can be blamed on greed, bad credit modeling, overly aggressive marketing, the madness of crowds nor any of the villains of most crunches in memory. Shutdowns introduced to avert the spread of coronavirus slammed the emergency brake on a economy that still pointed to prosperity.This overall view of where financial institutions stand comes from a report by Accenture and other sources. Chris Scislowicz, Managing Director of Accenture’s financial services practice, and Head of North American credit practice, told The Financial Brand that many lenders, with the exception of the very largest, are only now beginning to get a handle on where they stand on the credit side and what is likely to come. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

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Freedom of choice ‘could cost companies £25bn’, consultant warns

By on September 29, 2020

first_img“For a £500m scheme even a small proportion of members leaving could add £7m to their accounting liabilities.” UK companies could face a £25bn (€28bn) accounting bill because of the impact of pension freedoms, consultancy firm Xafinity Punter Southall has claimed.Businesses are failing to account for the flood of people opting to transfer out of defined benefit (DB) schemes and the knock-on effect these moves could have on a typical pension scheme’s liabilities, the pensions consultancy said in its report, Accounting for Pensions.Wayne Segers, principal at Xafinity Punter Southall, said: “We are starting to see older pension scheme members that are close to retirement leaving their DB pension schemes to access the new pension freedoms. “Transfer values remain high and this is an attractive proposition for members, but these values are typically worth more than the accounting cost.  ‘Freedom and choice’ was introduced by George Osborne in 2015UK pension scheme members have had access to more flexibilities regarding their pension income since reforms introduced by former chancellor George Osborne were implemented in 2015.Some campaigners in the Netherlands have called for similar measures in the debate about the country’s proposed new pension system.Last year, £34bn was transferred out of occupational schemes in the UK – a leap of £21bn on the previous year, according to the Office for National Statistics.Life expectancy rates are also changing, with the increase in the number of people living longer slowing in recent years, according to data from the Continuous Mortality Investigation (CMI) unit of the Institute and Faculty of Actuaries.This might act to soften the cost implications and reduce schemes’ liabilities, Seger added.“We may no longer be expected to live as long as we had hoped and the CMI has given companies a method to refine assumptions on life expectancy,” he said. “This may offset the cost of member options.”Warren Singer, UK head of pension accounting at Mercer, said accounting and transfer assumptions were specific to each pension plan. Therefore “accounting cost implications of pension freedoms can vary considerably between companies”, he added.“This means that transfer value experience may be neutral to the accounting cost [and] it may lead to cost savings or in some cases it could lead to additional costs,” he said.The problem stems from when the pension transfer value is greater than the accounting liability for the pension fund that was extinguished when the individual left, said David Robbins, director at Willis Towers Watson.“The increase in transfer activity is something companies will want to look at how in terms of how that affects the whole range of pension management. But the accounting number will not always be the dominant concern.”last_img read more

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‘Doctors are not God’ says health minister (Sth Africa)

By on September 27, 2020

first_imgNews24 3 May 2015Giving doctors the right to end a life is dangerous and could lead to a situation in which unscrupulous families arrange the premature deaths of their terminally ill loved ones to cash in on insurance payments.That was Health Minister Aaron Motsoaledi’s reaction to a landmark court ruling in favour of a man who wanted his doctors to be granted permission to help him die.“This judgment has the potential to give rise to fraud and unethical behaviour among doctors,” Motsoaledi said.<a href=”http://pubads.g.doubleclick.net/gampad/jump?iu=/8900/24.com/Web/News24/SouthAfrica/Articles&sz=600×50&c=1536174622&t=artid%3d31ab3f2b-2a01-4ee9-866b-178b2dbbdc16%26posno%3d1″ target=”_blank”><img src=”http://pubads.g.doubleclick.net/gampad/ad?iu=/8900/24.com/Web/News24/SouthAfrica/Articles&sz=600×50&c=1536174622&t=artid%3d31ab3f2b-2a01-4ee9-866b-178b2dbbdc16%26posno%3d1″ border=”0″ alt=””></a>“Very soon we will start hearing stories of families colluding with doctors to end the life of their loved ones because they wanted to cash in on insurance policies. Some people may even start planning their deaths because they know that their policies are maturing.“We can’t have that situation in South Africa because it would be difficult to police and deal with. To prevent it, we must stop it before it goes any further,” he said.Motsoaledi said doctors should not be given the right to end a person’s life because they were not God.http://www.news24.com/SouthAfrica/News/Doctors-are-not-God-20150503last_img read more

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Cricket World Cup streaker ‘exposed himself to millions’

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first_imgStuff co.nz 11 May 2015A British man who streaked at the opening game of the Cricket World Cup “tainted a historic sporting event in New Zealand” a judge has said.Joseph Brook, 22, appeared before Judge Michael Turner in Queenstown District Court charged with invading the pitch of a major sporting event, on February 14.Brook attended the opening match between New Zealand and Sri Lanka at the Hagley Oval in Christchurch and streaked naked at 6.50pm during a live broadcast.Sergeant Ian Collin said Brook removed all his clothing at the end of the match and ran on to the pitch, where he was tackled by security staff.The match was attended by a crowd of around 15,000 people, including families, and broadcast internationally to millions of viewers, he said.http://www.stuff.co.nz/the-press/news/68449035/Cricket-World-Cup-streaker-exposed-himself-to-millionslast_img read more

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ECCB Governor to Present ECCU Economy Performance Report for 2011 and Outlook for 2012

By on September 26, 2020

first_imgLocalNews ECCB Governor to Present ECCU Economy Performance Report for 2011 and Outlook for 2012 by: – February 17, 2012 8 Views   no discussions Sharing is caring! Share Tweetcenter_img Share Share Sir. Dwight K. Venner. Photo credit: nationnews.comGovernor of the Eastern Caribbean Central Bank (ECCB), the Honourable Sir K Dwight Venner, will outline the Eastern Caribbean Currency Union (ECCU) member governments’ response to the challenges the region continues to face when he presents the 2011 ECCU Economic Review on 23 February.The Governor will also present a review of the economic performance of the ECCU in 2011; some of the major issues at the international, regional and national levels which have affected and will continue to affect the development of the ECCU economy; and the framework for addressing the long-run growth and development of the region in a rapidly changing environment. The presentation will be broadcast simultaneously on radio and television stations in the eight ECCU member countries at 8:00 p.m. Following the Governor’s review, citizens throughout the region will engage the Governor in discussions, via videoconference, on the issues arising from the presentation and other matters that affect the economic development of the ECCU. Persons will also be able to contribute to the discussion by sending their comments and questions to: info@eccb-centralbank.org.News ReleaseEastern Caribbean Central Banklast_img read more

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Gerrard: Liverpool should ‘start working on a statue’ for Klopp ahead of title…

By on September 24, 2020

first_img Loading… Gerrard says the German boss will deserve the same tribute once Liverpool’s transformation from also-rans into European and English champions is complete. He said: “Knowing Jurgen, he won’t want to be put in that bracket. I know what he’s like, he’s humble and respectful. When you look at the scale of the job he’s done, for sure he deserves to be mentioned in the same breath as those iconic managers. “What you need to take into consideration is that when Jurgen took over Liverpool they weren’t close to being the best team in the country, they weren’t even in the top four. “To come to Liverpool when he did, get to the amount of finals that he has, deliver the sixth European Cup and then deliver the first league title after 30 years… “For me, someone like Jurgen should be rewarded now. It seems like in football we often wait until people get older before their achievements are fully recognised. “But I know the owners of Liverpool won’t let that happen. When Jurgen delivers the league they should already be starting work on a statue of him.” Gerrard added on the “relief” he will feel when Liverpool finally hold the trophy aloft: “You don’t want to count your chickens until it’s certain but I think we all know that it’s inevitable. “For me, there will be a lot of relief. Being a fan for a lot of those years and being a player and coming ever so close, you know that this is the one that people have craved. read also:Klopp lauds Liverpool’s young talent after Blackburn humiliation “This is the bread and butter of the club. I grew up watching all the successful Liverpool teams winning leagues. Unfortunately, I wasn’t able to do it myself. “I’m a fan now and I always will be until the day I go into a grave. When they get it done and they lift that trophy, it will be 100 per cent happiness for me. I can’t wait for it. I’ll be the proudest man on the planet.” FacebookTwitterWhatsAppEmail分享 Liverpool will be confirmed as the new Premier League champions if they pick up six points from their final nine fixtures of the 2019-20 season. Klopp’s men had established an unassailable 25-point lead over holder Manchester City before the coronavirus stopped play in March, having won all but two of their first 29 games. Project restart will begin when City take on Arsenal on Wednesday, and if they lose, it will open the door for Liverpool to ascend to the top-flight throne by beating Everton in Sunday’s Merseyside derby. Club legend Gerrard, who took up his first head coaching role with Rangers in 2018, says Klopp has set the standard for all managers to aspire to, and he has been delighted to see Liverpool reach new heights under his stewardship. “Let’s cut to the chase, sitting here, doing this interview right now, I think Jurgen Klopp is the best manager in the world,” the ex-Reds midfielder told The Athletic. “I know there are a lot of successful managers about. Pep Guardiola is exceptional. Carlo Ancelotti is exceptional too and I think Everton are really lucky to have him with his CV. I could name many more. “Having had the experience of being a manager for the past two years, you realise how difficult and challenging the job is. I have nothing but respect for Jurgen. “The way the man handles himself, the way he’s been with myself, the way he goes about his business, the way he comes across. I think he’s got a heart and I think he’s got a head. He just works for Liverpool. He has come and taken the club to the next level.” Once Klopp delivers Liverpool’s 19th league title, he will go down in history alongside the club’s legendary former managers Bill Shankly and Bob Paisley, both of whom sit outside of Anfield in statue form.center_img Steven Gerrard has said Liverpool should already be “starting work on a statue” of Jurgen Klopp ahead of their title coronation.last_img read more

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Battle Royale in Bamako as Mali Take on Guinea

By on September 17, 2020

first_imgAFCON 2021 QUALIFIERS Grudge game in Accra as Black Stars take on Bafana BafanaAction began Wednesday in the Group Phase of the 2021 Africa Cup of Nations (AFCON) with 48 matches to be played on Match Day 1 and MatchDay 2 between November 13 and 19. Last month, the group stage was completed by the quartet of Chad, Gambia, South Sudan and Sao Tome e Principe after victories in the preliminaries.This stage offers a mouth-watering prospect for the big guns the chance to assert their influence after not too impressive scorecard at the last AFCON in Egypt.Yet it would be royale West African battle in the Group A fixture between Mali and Guinea in Bamako since both sides failed to last the distance in Egypt where they were shown the exit in the Round of 16. It will surely going to be a new beginning for Guinea under new French coach Didier Six, who replaced Paul Put while Les Aigles of Mali continue their chase for glory under Mohamed Magassouba who supervised their last AFCON campaign in Egypt.Equally, there should be fireworks in Group B based on the pedigree of the two combatants when Burkina Faso entertains Uganda in Ouagadougou on Thursday. It would indeed be a fresh beginning for Cranes of Uganda after their Round of 16 ouster in Egypt following the appointment of Northern Irishman Johnny McKinstry as replacement for French tactician Sebastien Desabre.Another prestige game is certainly the Group C clash in Cape Coast between the Black Stars of Ghana and Bafana Bafana of South Africa even as both teams shake off recent lethargy performances.This encounter would be 13th between the two countries but Thursday’s encounter in Cape Coast will be the first competitive match for South Africa’s new handler Molefi Ntseki who last month started his coaching tenure with Bafana Bafana on a winning note with a hard-fought 2-1 defeat of Mali 2-1 in the Nelson Mandela Challenge title in Port Elizabeth.But how well Bafana Bafana would fare under the deluge of Ghanaian supporters in Cape Coast yet remains to be seen as the Ghana Football Association (GFA) under a new helmsman (Kurt Okraku) hinted about the launch of a ‘passion-igniting campaign’ tagged ‘#Bring Back The Love’ to coincide with Black Stars’ AFCON opener.AFCON 2021(Thursday)Mali v GuineaGhana v S’AfricaCongo DR v GabonMo’bique’ v RwandaEgypt v KenyaTogo v ComorosAlgeria v ZambiaShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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Panel explores the impact of the federal budget

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first_imgOn Wednesday, the Lloyd Greif Center for Entrepreneurial Studies, The Can Kicks Back and USC EdMonth hosted “Generational Equity: The Impact of the Federal Budget on Young Americans” to discuss the effect of the debt on the millenial generation.In debt · Harlem Children’s Zone President Geoffrey Canada speaks to the event moderator, professor David Belasco, about the federal debt. – Ralf Cheung | Daily TrojanThe Can Kicks Back is non-partisan campaign that aims to educate, organize and mobilize young Americans in order to promote a sustainable federal budget that is fair to all generations. The program featured guests Geoffrey Canada, President of the Harlem Children’s Zone and Stanley Druckenmiller, former chairman of Duquesne Capital Management and was moderated by David Belasco, co-director and adjunct professor at Greif Center for Entrepreneurial Studies. Nick Triano and Ryan Schoenike, two of the co-founders of The Can Kicks Back also attended the event.“The reason why we’re stopping here at USC is that we really need to educate [the students] because they’re really not informed about the issue, and why they need to be active in the first place,” Schoenike said.Druckenmiller is an American hedge fund manager and chairs the board of Harlem’s Children’s Zone. He was also the most charitable man in America in 2009, donating $705 million to various foundations.Geoffrey Canada is the president and CEO of Harlem’s Children Zone, a nonprofit organization that runs programs that are aimed at breaking the cycle of generational poverty for impoverished children and families in central Harlem. He has been awarded several honorary doctorates from various prestigious universities, including a Doctor of Laws from Princeton and a Doctor of Humane Letters from University of Pennsylvania.The Can Kicks Back serves as the millennial outreach partner of Fix the Debt, a nonpartisan movement to put America on a better fiscal and economic path. Founded in 2012 by five people. The Can Kicks Back has since grown to more than 100 chapters in 38 states with over 20,000 supporters.“We’re very excited to do an event [at USC] with both [Druckenmiller and Canada] because they are very passionate about the issue and they can explain the consequences very well,” Schoenike said.Canada expressed his belief that student education on the debt is important, because he was raising kids through the Harlem Children’s Zone to be productive members of society and couldn’t let them out into a society that was functionally broken because of debt.Druckenmiller spoke more of his personal background, and of how he went from dropping out of graduate school to making millions of dollars a year, as well as his love for philanthropy.“I have a talent for compounding money,” Druckenmiller said jokingly. “But the best part of it is seeing it at work.”Druckenmiller led a presentation about the issues with the national debt, and how spending, especially among entitlements, is predicted to increase in the next few years. Special attention was paid to how spending for the elderly has increased drastically in the past 50 years and is predicted to continue increasing, while spending for children and youth had dropped in the same periods.Both Druckenmiller and Canada expressed their belief that reforms in both spending and education as well as a mentality shift about entitlements were needed for America to pull itself out of debt. A short Q&A session followed the presentation.The program maintained a relatively lighthearted feel, with both Druckenmiller and Canada often using humor in their speeches. Many students in the MBA program at the Marshall School of Business attended, as well as professors and teachers from the surrounding area including LMU and UCLA. Karen Symms Gallagher, dean of the USC Rossier School of Education and John Deasy, superintendent of the Los Angeles Unified School District were also present.Students were especially impressed by the presenters’ knowledge and experience.“We got to be exposed to some of the larger contextual problems in our society, such as education and government spending,” said Russell Yue, a freshman majoring in accounting. “I also found it really interesting how people are really devoting their lives to change young people’s lives and foster a better community for the future.”Tiffanie Chung, a freshman majoring in accounting, agreed that the speakers were fascinating.“We’re actually really lucky to have [Druckenmiller and Canada] here, and to hear them talk about their experiences and the world is interesting,” she said. Follow us on Twitter @dailytrojanlast_img read more

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