The commercial property king who says the City is ready for take-off

first_img Show Comments ▼ Tuesday 2 November 2010 9:20 pm Land Securities’ chief executive leaps from behind his desk, bounding across his seventh floor office overlooking Trafalgar Square as he welcomes City A.M. – after years of stagnation, the country’s biggest property developer is on the move again – and it certainly seems to have put a spring in Francis Salway’s step.Last week, the FTSE 100 firm opened its £540m City shopping complex One New Change, as well as restarting its £500m prestige tower on 20 Fenchurch Street (dubbed the Walkie Talkie) with joint venture partner Canary Wharf. In June it sold its Oxford Street Park House office and apartment building to Barwa, a Qatari-backed property business for £250m, who will take ownership of the development when it is completed in 2012.Land Securities, which owns 29 retail parks across the country and a raft of London offices with a combined value of £9.5bn (with £5.3bn of this in the capital), wants to put the three years of pain due to the financial crisis and the resulting slump in commercial property behind it. “London offices are through their low period in the economic cycle, since the spring rents have started to rise,” says the Land Securities boss. A tall, thin yet deeply enthusiastic man, Salway is perched on one side of a meeting table in his office. Beside him is the City A.M. award he picked up the night before at our awards celebration at the Grange St Paul’s Hotel; his prize was for leading the best property firm in the country. He has a slightly professorial air, and indeed, while studying for professional exams he wrote a book on land values, The Depreciation of Commercial Property. It was published in 1986 and remains required reading among developers.He explains that a number of factors have come together to reverse the tumbling rents that have been a feature of recent years. One element is timing. He says: “In the late 1980s boom, a lot of companies signed a lot of 25-year leases, and in the late 1990s expansion a lot of 15-year leases were signed. We know that they will come up for renewal in the next five years or so.”He adds that a lot of firms that had been putting off moving for the last two years now feel more confident about the economy, and are beginning to make plans. He says: “A big company like a lender, an insurer or a forex trading business, with about 2,000 staff, looks at moving three or four years before their lease is up.” All of which means that demand is recovering. Over the last year, he says, City rents have moved up from around £45 per sq ft to £50-plus per sq ft. Salway also says that institutions “are looking to invest in commercial property again” because of the low yields on offer from government gilts due to historically low Bank interest rates and quantitative easing.All of this helps to explain the number of projects that are being completed and in particular the developments that have been taken off ice.The aim of Salway’s One New Change shopping centre, located opposite St Paul’s, and which boasts more than 60 shopping and eating outlets, was to build the first strong, 7/7 retail centre in the Square Mile.Salway says: “Retailers have struggled to get their bigger outlets into the City. In other developments retailing has often been an afterthought.”The key market for the centre is the City’s 340,000 workers “as well as the amount of tourists we saw during our research phase coming over the wobbly [Millennium] bridge from the Tate Modern to St Paul’s,” says the developer.Some observers wonder whether New Change’s seven-day shopping will also hit rival outlets in the West End or Islington. Salway says this might be the case but that this is very much a “secondary market” for the centre.The change in the weather for commercial property has breathed new life not only into Land Securities’ Walkie Talkie, but rival British Land’s Cheesegrater skyscraper, which was also restarted last month. The 150m-high, 690,000 sq ft Walkie Talkie will be in competition with the Cheesegrater for clients. Firms like Chicago insurer Aon, Schroders, Bank of America Merrill Lynch and Bloomberg are all understood to be looking for new properties in London.Salway will not confirm names but says that “our sales teams are already having those conversations”. But he does not expect any prelet deals to be announced until 18 months before the tower is due to open in 2014. By the time the Walkie Talkie is built he expects space in it to be selling at around £60 per sq ft. The developer says: “As firms come out of their old buildings they want to move into new offices that are more efficient, that will be able to attract good quality staff, and will say something about that company as a brand. We design buildings with flair that capture the imagination. When I show people around our buildings I can see that look on their faces.” Both British Land and Land Securities sensibly reannounced these tempo-setting deals as a joint venture with a cash-rich foreign investor rather than as the sole developer in charge of the project relying on bank loans.Land Securities has gone into partnership with rival Canary Wharf Group to build the Walkie Talkie, but behind this firm the China Investment Corporation, Qatar Holdings and Morgan Stanley Real Estate all have a stake in the building.Critics argue that although property developers’ say the crunch may be easing, they still cannot convince banks of that.Salway denies that the developer could not get funding – it has £2.4bn in cash and bank debt at hand, he says – but argues that he wants to fund other London offices and retail outlets outside the capital and that this is the best way to use its resources. Land Securities will still retain a 50 per cent stake in the tower.The developer says: “It is true that London has become enormously attractive to foreign investors over the last 10 to 15 years. They like it because it is a global financial centre, they like its reliable legal system. But they are on the whole looking for a partner with local expertise. Some foreign investors will be quite active and set up their own teams here. Others will be more passive.”Although the developer employs just 700 full-time staff, when it has a full roster of projects its funding provides work for a supply workforce of 10,000. Many other people work indirectly for it in places such as One New Change.Land Securities returned to profit in May when a rise in asset values helped push it to a pre-tax profit of £1.1bn, from a loss of £4.8bn the year before and a £973m loss in 2008. Salway was under intense investor pressure to turn around the firm 18 months’ ago. It was said that chairman Alison Carnwath gave him six months to improve things (she later said this was exaggerated). But whatever happened, it certainly worked. The developer responded by cutting costs and selling off its outsourcing unit Trillium to Telereal for £750m in 2009, until the market began to turn. Salway says: “The decline in capital values was the sharpest and steepest in our industry since records began in the 1920s. That put pressure on everyone in this sector.”During the recession capital values fell 44 per cent from their peak in June 2007 to their trough in July 2009. Even though prices have risen since then, they remain roughly 35 per cent down on what prices were in the summer three years ago.But the market is moving again. And investors are again interested in the story commercial property has to tell. And that means Salway and his team can begin to get back to what they came into this industry for – to cut deals and put up new buildings that capture tenants’ and the public’s imagination. And that, at least, is progress.CV | FRANCIS SALWAYAge: 53Work: Trainee surveyor at Richard Ellis; investment director at Standard Life; Land Securities chief operating officer and chief executive of the development division; now group chief executive Education: Rugby School; Christ’s College, Cambridge, where he read land economy; College of Estate Management in ReadingFamily: Married, two teenage children Lives: Tunbridge Wells, KentHobbies: Walking, climbing, tennis. Likes to set himself a big challenge every year. In June, he climbed Mount Kilimanjaro, Kenya, with his wife. The commercial property king who says the City is ready for take-off KCS-content center_img whatsapp Share whatsapp Tags: NULLlast_img read more

British American Tobacco Zimbabwe Limited (BAT) 2006 Annual Report

first_imgBritish American Tobacco Zimbabwe Limited (BAT.zw) listed on the Zimbabwe Stock Exchange under the Agricultural sector has released it’s 2006 annual report.For more information about British American Tobacco Zimbabwe Limited (BAT.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the British American Tobacco Zimbabwe Limited (BAT.zw) company page on AfricanFinancials.Document: British American Tobacco Zimbabwe Limited (BAT.zw)  2006 annual report.Company ProfileBritish American Tobacco (BAT) Zimbabwe Holdings Limited manufactures, distributes and sells tobacco products for local consumption through a network of independent retailers and distributors. Zimbabwe is the 6th largest tobacco grower in the world and the largest in Africa. Three types of tobacco are grown in the country; Virginia flue-cured, burley and oriental tobacco. Over 95% of Zimbabwe’s tobacco is flue-cured; and more than half of its production is exported to China. The company has recently adopted a mutually-beneficial contract system which is reaping rich rewards; the entire crop is bought from the farmer at the end of the season in return for a supply of seed and fertilizer, and expert training by an agronomist on agricultural techniques. Its head office is in Harare, Zimbabwe. British American Tobacco is listed on the Zimbabwe Stock Exchangelast_img read more

Classic Encounter – Wallabies vs All Blacks 2003

first_imgWednesday Oct 28, 2009 Classic Encounter – Wallabies vs All Blacks 2003 The fourth and final Bledisloe Cup Test of 2009 between Australia and New Zealand takes place in Tokyo this weekend. To get you in the mood, we’ve got a classic match from 2003 between the two sides at Telstra Stadium in Sydney.It was the first match in the Bledisloe Series of that year, and with Australia having held the trophy for so long, the All Blacks were out to set things straight in World Cup year. A capacity crowd of 80 000 watched as the home side were torn apart by the merciless Kiwis.They had hammered the Springboks the week before in Pretoria, scoring seven tries as they hit form at just the right time. At home though, the Wallabies would have been favourites and with the sea of gold in the crowd behind them, they started well with a try from fullback Matt Burke.The pace was frenetic and in the 21st minute New Zealand gained the lead following a brilliant finish from gas-man Joe Rokocoko as he stood up and rounded league convert Wendell Sailor.Their other flyer, winger Doug Howlett, got in on the action ten minutes later and then practically from the restart, Rokocoko scored another brilliant try as he absolutely blitzed the Wallaby defence.It stood at 23-11 at halftime with the home side looking for penetration but lacking to deliver. It was Tana Umaga who did for the visitors though just six minutes in, as they returned a poor Stephen Larkham clearance with interest.Young Daniel Carter came on for Carlos Spencer when he hobbled off, and it was he who glided in for yet another try for the All Blacks. Sailor scored not long afterwards with a brilliant run and step before bashing over the top of Mils Muliaina.With ten minutes left in the one sided contest, Smokin Joe picked up his hat trick try, before another league convert, Mat Rogers scored a consolation effort. Aaron Mauger then completed the ‘mother of all hidings’ as he scored under the posts to bring up the half century.It was the Wallabies’ worst ever loss at home in the professional era, and a record win by the All Blacks over them. It ended 50-21, giving the New Zealander’s one hand on the trophy, which they later went on to reclaim in convincing fashion. They’ve held onto it ever since. Time: 09:24ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Related Articles 81 WEEKS AGO scottish prop saves fire victim 84 WEEKS AGO New Rugby X tournament insane 112 WEEKS AGO Vunipola stands by his comments supporting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueey10 Types of Women You Should Never MarryNueeyYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel ADVERTISEMENT Trending 6 DAYS AGO HUGE controversy sees Borthwick call Pat Lam a liar during heated Prem clash 5 DAYS AGO Melbourne Rebels do their best to wreck Bryn Gatland 4 DAYS AGO Lam’s explanation of bizarre situation that caused heated touchline argument 5 DAYS AGO François Steyn’s ridiculous 60-metre drop goal which left commentators in hysterics 5 DAYS AGO The time Waisale Serevi used his iconic hitch-kick to carve up Scotland in 2000 Great Tries 5 DAYS AGO Eye-opening compilation shows why Taulupe Faletau could harm Springboks this Summer 5 DAYS AGO The time Waisale Serevi used his iconic hitch-kick to carve up Scotland in 2000 1 WEEK AGO Veainu finishes superb try after octopus style offload from Waisea 2 WEEKS AGO FULL MATCH REPLAY: Huge stars on show when All Blacks host Pacific Island XV in 2004 2 WEEKS AGO WATCH: Hooker produces ridiculous speed to score 60-metre wonder try for Hurricanes View All Big Hits & Dirty Play 23 HOURS AGO Awesome new Etzebeth montage will have Springboks fans psyched for Summer Lions tour 5 DAYS AGO Melbourne Rebels do their best to wreck Bryn Gatland 5 DAYS AGO Eye-opening compilation shows why Taulupe Faletau could harm Springboks this Summer 5 DAYS AGO Re-live O’Driscoll’s EPIC try-saving tackle in 2003 RWC quarter-final 1 WEEK AGO AWESOME video shows the very biggest and best tackles of the 2020/21 season View All See It To Believe It 4 DAYS AGO Cheetah racer Habana reveals what was actually going through his mind that day 4 DAYS AGO Lam’s explanation of bizarre situation that caused heated touchline argument 5 DAYS AGO François Steyn’s ridiculous 60-metre drop goal which left commentators in hysterics 5 DAYS AGO Re-live O’Driscoll’s EPIC try-saving tackle in 2003 RWC quarter-final 6 DAYS AGO HUGE controversy sees Borthwick call Pat Lam a liar during heated Prem clash View All Funnies 2 WEEKS AGO Joe Marler elated in special interview as fans return to The Stoop 2 WEEKS AGO WATCH: One of the luckiest and most bizarre tries you will EVER see 2 WEEKS AGO WATCH: Reds players caught out in hilarious celebration blooper vs Chiefs 2 WEEKS AGO WATCH: Faz, Piutau and Burns star in hilarious try fail compilation 4 WEEKS AGO MLR: Giltinis howler sees try overruled despite attempts to celebrate View All Amateur 32 WEEKS AGO Viral video of Scottish club brawl goes down a storm with rugby community 69 WEEKS AGO RUGBYDUMP BLITZ: This Best of the Week round up is sure to entertain you 69 WEEKS AGO RD BLITZ – Disaster, just when it looked so promising… 69 WEEKS AGO That glorious moment that will live on forever, like it or not 69 WEEKS AGO RD Blitz – PROP’S Lionel Messi wizardy creates incredible try View All Player Features 16 WEEKS AGO WATCH: Bumping off tacklers and taking high balls, Rob Kearney had an impressive Super Rugby debut 21 WEEKS AGO Brian Moore on money in modern rugby and how it should never be compared to ‘outlier’ football 22 WEEKS AGO Tuisova’s wrecking ball montage will make you grateful you never made it as a pro 28 WEEKS AGO New Zealand rugby pod admit Owen Farrell is world class 29 WEEKS AGO WATCH: Bath prop launches Amazon documentary focused on those from non-traditional backgrounds View All Related Content from the RugbyPass Network ‘What you do today is how you’re going to be remembered’: Spirit of Rugby – Ep 5 In Spirit of Rugby episode 5, Jim Hamilton talks Lions with Matt Dawson, Jeremy Guscott, Rob Kearney, Simon Shaw, Tom Croft and John Bentley. Watch: Reforging the Steelers | Episode 2 | RugbyPass Original Documentary In Episode 2 of Reforging the Steelers, we follow the team through rounds two to four as they try to get their season on track after an opening loss to competition powerhouses Tasman. Crusaders player ratings vs Rebels | Super Rugby Trans-Tasman Which Crusaders stood out in their 26-point win over the Rebels in the final round of Super Rugby Trans-Tasman? Shock result: Crusaders left to rue costly errors with win over Rebels not enough for final guarantee In a shock result, the Crusaders have failed to record the requisite winning margin needed over the Rebels to book themselves a spot in the Super Rugby Trans-Tasman final and are now reliant on the Blues dropping the ball against the Force. ‘I deliberately haven’t mentioned it too much this week’: Tim Sampson keeping mum ahead of Blues battle The Western Force aim to play the role of party poopers on Saturday when they take on the ladder-leading Blues at a venue that shall not be named. Highlanders player ratings vs Brumbies | Super Rugby Trans-Tasman The Highlanders have given themselves a decent shout at playing in the Super Rugby Trans-Tasman final. Who were the top dogs in what was effectively a semi-final showdown with the Brumbies? Classic Encounter – Wallabies vs All Blacks 2003 | RugbyDump – Rugby News & Videos RugbyDump Home RugbyDump Academy Store About Contact Legal Privacy Policy Cookie Policy Categories Latest Great Tries Big Hits & Dirty Play See It To Believe It Funnies Training Videos Player Features RugbyDump Home RugbyDump Academy Store About Contact Sitemap Categories Latest Great Tries Big Hits & Dirty Play See It To Believe It Funnies Training Videos Player Features Legal Privacy Policy Cookie Policy Sign In Username or Email Password Stay logged in Forgot password Thank you for registering Click here to login Register Register now for RugbyDump commenting & enewsletter. * Required fields. Username * Password * Email * Password Repeat * Please send me news, information and special offers from RugbyDump By clicking register you agree to our Privacy Policylast_img read more

RAF donates venue for Children in Need concert

first_img  38 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 17 November 2005 | News RAF donates venue for Children in Need concert Advertisementcenter_img The Royal Air Force is not the first port of call for a corporate fundraiser, but it is donating the venue for this year’s BBC Children in Need concert tomorrow.RAF Brize Norton in Oxfordshire will host the BBC’s primary outside broadcast event from the main hangar. The BBC will also screen a large part of their morning Breakfast Show from the back of a C-17 Globemaster strategic transport aircraft. Tagged with: Events About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

ActionAid, Bliss & Jigsaw4U among 2018 Charity Governance Awards winners

first_img About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.  This year’s Charity Governance Awards winners have been announced, with ActionAid, Bliss, and Jigsaw4U among the winners.The UK Charity Governance Awards 2018 were announced on 24 May at an event at Clothworkers’ Hall, London. Seven charities share the £35,000 prize pot, each winning a £5,000 unrestricted grant.ActionAid won the Board Diversity & Inclusivity award, for reshaping its board to be 69% female with a mix of young people and representatives from countries where the charity works.Premature baby charity Bliss won the Embracing Digital award for its online overhaul, which yielded strong results for public engagement and income.Jigsaw4U won an Improving Impact award after a new board helped double the number of children and young people receiving the charity’s emotional support services.Full list of winnersBoard diversity and inclusivityWinner – ActionAidRunners-up – Disability Direct; MindOutEmbracing digitalWinner – BlissRunners-up – Hestia; NAVCAEmbracing opportunity and harnessing risk Advertisement Melanie May | 1 June 2018 | News  Image: 2018 Charity Governance Awards winners. Photo by Kate Darkins Photography.  208 total views,  3 views today Winner – Missing PeopleRunners-up – EVA Women’s Aid; Family FundImproving impact – charities with 3 staff or fewerWinner – Home-Start SloughRunners-up – Arch-Way Project; Thornham Village Hall and Playing FieldImproving impact – charities with 4-25 paid staffWinner – Jigsaw4URunner-up – Sport 4 Life UKImproving impact – charities with 26+ paid staffWinner – Families for ChildrenRunners-up – Greenhouse Sports; Willen HospiceManaging turnaroundWinner – The Brain CharityRunners-up – Autism Together; St John’s Hospice North Lancashire and South LakesMichael Howell, Chair of the Trusteeship Committee of the award organisers The Clothworkers’ Company, said:“Promoting and celebrating excellence in charity governance is as important now as it ever was. With the charity sector continuing to struggle with recruitment of new trustees and erosion of public trust, our winning charity heroes are really raising the bar – resulting in a boost not just for their own beneficiaries, but the whole sector.”Case studies of all the winners and runners-up are shared on the Awards website under a new section ‘Best practice advice and resources’.  209 total views,  4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis11 Tagged with: Awards governance AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis11 ActionAid, Bliss & Jigsaw4U among 2018 Charity Governance Awards winnerslast_img read more

The fake news about unemployment

first_imgFew workers are cheering the Labor Department’s report that the unemployment rate fell to 4.4 percent in April.Why should they? While the jobless rate now matches the level of May 2007 — just before the latest capitalist economic crisis — it still leaves 7.1 million people “officially” unemployed.Even the Labor Department admits that 5.3 million people who are counted as employed are forced to work part-time, even though they want and need full-time jobs. Another 1.5 million people “were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey,” according to the Bureau of Labor Statistics.Many people with disabilities are not included among the jobless. The 2.2 million members of the working class who are incarcerated are not even considered. Neither are the thousands who collect cans and bottles for a small deposit fee in New York and a few other states.While the latest jobless rate for whites is 3.8 percent, the figure for Black workers is more than double that, at 7.9 percent. ”Last hired, first fired” is still the racist standard for African Americans.At the height of capitalist “prosperity,” Black workers and their families are still stuck in a recession. It’s a depression for Black teenagers, whose latest jobless rate is 29.3 percent.Usually a drop in unemployment is accompanied by a rise in wages. Workers feel more confident in taking better-paying jobs or demanding raises.Not this time. The average wage increase of 2.5 percent over the past 12 months was almost wiped out by inflation, which rose by 2.4 percent. For workers being paid the miserable federal minimum wage of $7.25 per hour, inflation meant a pay cut.All the union-busting attacks, including those against public workers, have had their effect. Over the last 40 years, thousands of union strongholds have been shut down by capitalists taking advantage of automation.Having millions of unemployed people is a necessity for capitalist profits. Frederick Engels, the co-worker of Karl Marx, called the jobless an “industrial reserve army.”Capitalists know this well. Samuel Insull — whose Enron-like Midwest utilities empire collapsed during the Great Depression — bragged that “the greatest aid to the efficiency of labor is a long line of men waiting at the gate.” That means women and men desperately seeking a job.Workers put up with so much abuse because they know the boss can usually hire someone else to replace them.While millions need a job, millions of employed are forced to work two or more jobs in order to pay the rent. “The condemnation of one part of the working class to enforced idleness by the overwork of the other part, and the converse, becomes a means of enriching the individual capitalists,” wrote Marx in “Capital.”The labor movement needs to fight for a 30-hour workweek with no cut in pay.The Soviet Union’s first five-year plan abolished unemployment by 1930. Socialist economic planning made holding a job a right of all Soviet workers.We need to fight for a socialist revolution that will abolish unemployment and poverty forever.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Pre-elections indicate defeat for pro-imperialist Macri

first_imgIt is rare that primary elections hit the news cycle like a thunderclap. Yet political observers across Latin America see the Aug. 11 primary in Argentina as indicating a continental shift, reversing the right-wing wave in that region. Some even call it a setback for Donald Trump.Mauricio Macri had won the 2015 elections in the second round by a narrow margin against the opposition, a continuation of the Cristina Fernández de Kirchner government but moving rightward. Its candidate, Daniel Scioli, aroused no enthusiasm among the left.Macri’s regime has been lined up internationally with U.S. President Donald Trump, Brazil’s Jair Bolsonaro and Colombia’s Iván Duque against Venezuela, Nicaragua, Bolivia and Cuba. He turned the Argentine economy over to the International Monetary Fund. In turn, the IMF tried to guarantee Macri’s reelection, with a $57 billion loan that it hoped would avoid a default on Argentina’s debt. Under Macri’s government during the last three years, the number of people living in poverty has expanded, jumping to 35 percent in the last few months, while the purchasing power of workers has plunged. His regime has closed schools, cut health services and allowed homeless people to freeze.This year Macri’s main opponent, The Front for All, is running Alberto Fernández for president and Kirchner, who was president from 2007 to 2015, for vice president.Because most parties had only one set of candidates for the upcoming presidential elections in October, the Aug. 11 primary took the form of a popular poll of the parties. Observers expected Macri’s party, Together for Change, to come in a close second to the moderate opposition party, the Front for All, maybe losing by 4 points but still in a position to contend. Vote crushes MacriInstead, the opposition trounced Macri’s party by 48 percent to 32 percent (percentages were rounded off). While nothing is guaranteed, the 16-point spread indicates an electoral victory for the opposition in the first round, even if most of the remaining 20 percent were to shift to Macri. A more left-wing, pro-working class and anti-imperialist coalition called the Left and Workers’ Front got 3 percent of the vote, enough to play a political role.Analyzing this election, Argentine Marxist Claudio Katz wrote, “Macri promoted resentment against the poor, but triggered massive rejection of the ruling elite. He tried to rebuke the past decade [of Kirchnerism] and consolidated the people’s indignation with the overwhelming current role of his administration.” (lahaine.org/katz, Aug. 19)Macri’s own reaction to the vote indicates a certain panic. Macri said on Aug. 14 that he will cut income taxes for workers and increase subsidies for social services. Given the turmoil in the economy, this is too little, too late. Brazil’s ultra-rightist Bolsonaro,  in his usual exaggeration, also warned of massive Argentine migration to Brazil should Kirchner’s party win, calling her a Bolivarian — a form of red-baiting.A mere electoral change is insufficient to bring a real reversal of right-wing policies as long as imperialist and capitalist wealth controls the economy. However, such a change can encourage mass actions in Argentina, especially in the period between now and the Oct. 27 election. A day of protest is set for Aug. 22, which will give an indication of the struggle’s direction.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Corn Stover Study Based on Unrealistic Assumptions

first_img Previous articleTPP Negotiations UpdateNext articleMeat Myths, Fact or Fiction Andy Eubank SHARE Facebook Twitter Home Indiana Agriculture News Corn Stover Study Based on Unrealistic Assumptions AFBF disputes stover studyA team of researchers at the University of Nebraska-Lincoln, led by Adam Liska, recently released a study that suggests using corn residue to produce renewable fuels generates more greenhouse gases than gasoline. American Farm Bureau has several concerns about the study. It concludes cellulosic biofuels relying on corn stover would produce 7 percent higher greenhouse gas emissions than gasoline due to carbon removal from the land. American Farm Bureau economist Matthew Erickson says there’s a tremendous disconnect in the study’s assumptions from real world stover to fuel practices.“This study implied that all farmers would willingly, and consistently, remove 60 to 75 percent of the corn residue from their fields. And it didn’t take into consideration anything that a farmer conducts within their normal operation.”Best practices recommended for residue removal are that no more than 40 to 50 percent of residue is removed for no-till systems, 20 to 30 percent for conservation tillage practices, and zero to 10 percent for conventional tillage. But Erickson says farmers removing stover from the field are only removing 10 to 25 percent.“The high majority of farmers would be hesitant to take off the 60 to 75 percent of stover because they’re going to need this residue to put back onto the field to nourish and to replenish the soil for next year’s crop.”Erickson says there are numerous other studies from reliable sources, such as USDA, that show how biofuels benefit the environment beyond reducing greenhouse gas emissions.“One benefit from biofuels is it’s environmentally cleaner, and air emissions from vehicles using biofuels are cleaner than gasoline, which reduces smog.”Source: AFBF Facebook Twitter SHARE Corn Stover Study Based on Unrealistic Assumptions By Andy Eubank – Apr 27, 2014 last_img read more

Men’s golf opens season in familiar territory

first_imgTCU rowing program strengthens after facing COVID-19 setbacks ReddIt Facebook Women’s Basketball falls in regular-season finale against Texas Sam Fristachihttps://www.tcu360.com/author/sam-fristachi/ Women’s Basketball falls to Kansas State in overtime loss Facebook Women’s Basketball on three-game skid after loss to Oklahoma Sam Fristachi Another series win lands TCU Baseball in the top 5, earns Sikes conference award TCU baseball finds their biggest fan just by saying hello Sam Fristachihttps://www.tcu360.com/author/sam-fristachi/ Previous articleWomen’s tennis signs one new playerNext articleFootball signs Tomlinson’s nephew on National Signing Day Sam Fristachi RELATED ARTICLESMORE FROM AUTHOR Senior, Triston Fisher walks the course after Big 12 Play. Photo Courtesy of GoFrogs.com Sam Fristachihttps://www.tcu360.com/author/sam-fristachi/ Sam Fristachihttps://www.tcu360.com/author/sam-fristachi/ + posts ReddIt Twitter Linkedin printAfter finishing its fall season in the Georgia Collegiate tournament, the Horned Frogs will head to warmer weather to compete in the Amer Ari Invitation.The team will travel to Waikoloa, Hawaii from Feb. 7-9 to compete against University of Hawaii at Manoa, Oregon, UCLA, USC, Colorado and others. “Our goal for Hawaii is to go win it,” said coach Bill Montigel. “We have played over there for about 25 years in a row and most of the guys on the team now have played there before, so we know the course very well.”The last time the Frogs competed in this tournament they placed fifth. Current senior Stefano Mazzoli finished sixth, shooting a career-best 7-under 65.In the 2017-2018 season, the Frogs placed sixth out of 23 teams in the Wyoming Desert Intercollegiate tournament and Triston Fisher, who competed as an individual, shot a career-best 4-under 68. The team will return to Palm Desert, California at the end of February to compete in the tournament.Triston Fisher at the 2018 Wyoming Desert Intercollegiate Tournament. Photo Courtesy of GoFrogs.comThe Frogs will compete in the Southern Highlands Collegiate tournament, Lake Charles Invitational, the Hayt Invitational, and the Tiger Invitational before heading to White Sulphur Springs, West Virginia to compete in the Big 12 Championship.“Our conference is one of the toughest in the country, but I think that is an advantage because our ultimate goal is to win the NCAA,” Montigel said. “By playing in such tough conference it gets you ready for later in the year because you have competed with some of the best. If you can compete with the teams in our conference, you can compete with anyone.”Last year, the Frogs placed eighth in the conference. Oklahoma placed first and took over the Big 12 title from the University of Texas at Austin, who held the title from 2012-2017.The Horned Frogs currently have the nation’s toughest schedule according to Golfweek.com.“Our goal is to make it back to the NCAA tournament and we are going to have to play well this spring to do that, but I think we have to do that,” Montigel said.After the spring season, the team will be losing six key players. Triston Fisher, Turner Maclean, Pierre Mazier, Stefano Mazzoli, David Ravetto and Hayden Springer are all graduating from TCU. The team signed five players in November to fill the spots of the graduating seniors: Chris Berzina, Caden Christopherson, Mateo Fernandez de Oliveira, Gustav Frimodt and Aymeric Laussot.“We have a lot of high hopes for the incoming freshmen,” said Montigel. “Even though they are going to all be young next year, we feel like they have a lot of talent and our goals are incredibly high with those guys and what we would like to do is win the NCAA.”Three veterans return to the team next year: first-years Alejandro Aguilera and Justin Gums and sophomore Trevor Brown. “We really want those three guys to set a good example for the new guys coming in and work hard and kind of tell them how it is,” Montigel said.The Frogs hope to end the season by competing in the NCAA regional tournament for the 30th consecutive season.Turner Maclean at the Golf Club of Georgia Collegiate Tournament. Photo Courtesy of GoFrogs.com Samantha Fristachi is a senior from Massapequa, New York. She is a journalism and sports broadcasting major and a business minor. She hopes to be a sports broadcaster on ESPN one day. Twitter Linkedin Women’s basketball falls in Big 12 Championship quarterfinals to Baylorlast_img read more

Bloggers demonised and persecuted

first_img March 18, 2021 Find out more Iran: Press freedom violations recounted in real time January 2020 News Organisation RSF_en Call for Iranian New Year pardons for Iran’s 21 imprisoned journalists to go further Follow the news on Iran In addition to the political trials and arrests of hundreds of government opponents, repression in Iran is concentrating on Internet users. Reporters Without Borders has learned of the arrest last night of Ali Pirhasanlou, one of the first journalists to start blogging in Iran.Pirhasanlou, who used to write for several, now closed, pro-reform newspapers and who blogs under the name of Alpar, was arrested together with his wife, Fatemeh Sotoudeh, at their home after it was searched by plain-clothes intelligence ministry agents. They are accused of “activity against national security.”Other journalists and activists were arrested or were summoned for questioning by the intelligence services today, on the eve of more opposition demonstrations in Tehran.“The Internet and its users have become the new targets for repression by President Mahmoud Ahmadinejad’s supporters in the past two weeks,” Reporters Without Borders said. “After suspending newspapers, the authorities are attacking one of the easy ways to access information about arrests and protests in Iran.”The press freedom organisation added: “All of Iran’s news websites are now threatened with termination. Some sites are the targets of organised hacking. Demonised by the public prosecutor during the ongoing Tehran political trials, the Internet continues to be a vehicle of mobilisation which the government is now trying to suppress.”Noorooz (the site of the opposition Islamic Iran Participation Front), Parlemannews (the site of the pro-reform parliamentarians), Tagheer (a news website) and the feminist websites FeministSchool and We-Change have all suffered access blockages. We-Change’s blocking is the 20th since it was launched. Provincial news websites such as Kermannama.net (www.kermannama.net/) have also been blocked.Reporters Without Borders is also concerned about Mohammad Pour Abdoullah, the editor of the blog Pishro (Avant-Garde), who was arrested on 12 January 2009 for writing about a crackdown on the student movement, prison conditions and the interrogation methods used by intelligence ministry agents. He was kept in solitary confinement and subjected to constant pressure for 23 days after his arrest. As he refused to admit to the charges brought against him, he is still awaiting trial. An initial hearing was to have been held on 21 February, but the judge adjourned it indefinitely, without explanation. Thereafter, Abdoullah was moved to an individual cell and then to Ghezel Hessar, a prison for non-political detainees.Abdoullah was arrested for the first time on 24 January 2008 and was freed 41 days later on payment of 800 million toman (720,000 euros) in bail. After this spell in prison for participating in a student demonstration, he wrote about the situation of imprisoned students in his articles. His family is worried about him and his lawyers do not understand why he has been singled out. June 9, 2021 Find out more IranMiddle East – North Africa center_img News After Hengameh Shahidi’s pardon, RSF asks Supreme Leader to free all imprisoned journalists IranMiddle East – North Africa Receive email alerts September 18, 2009 – Updated on January 20, 2016 Bloggers demonised and persecuted News February 25, 2021 Find out more Help by sharing this information Newslast_img read more