Students react to Ginsburg talk

first_imgJunior Janet Stengle walked down the aisle in Purcell Pavilion to a microphone in the middle of the floor. More than 7,000 people watched as she looked U.S. Supreme Court Justice Ruth Bader Ginsburg in the eye and asked a question.“Does a Supreme Court justice have a role as a public figure, and if so, how would you define that role?”Ginsburg smiled and started talking, describing the responsibility she feels she and the other Supreme Court justices have to stay engage with the public and help others understand what’s going on at a given point in time.“I felt like I was legitimately having a conversation with her,” Stengle said. “When we stood up, she made sure she was looking right at us and speaking to us directly, and that was a really cool experience.”Students and members of the South Bend community lined up outside Purcell Pavilion on Monday afternoon to hear Ginsburg speak at the interview-style event sponsored by the Office of the President, Notre Dame Law School and Notre Dame Student Government. Entrance was free but limited to those who reserved tickets beforehand.Many came simply for the political engagement.“I just love politics, and I want to learn more about it,” freshman Colin Brankin said. “I’m very interested to hear a Supreme Court justice talk — especially one that’s as notable and as possibly controversial as she is.”Others came for more personal reasons.“Ruth Bader Ginsburg is my hero,” senior Abigayle Rhode-Pausina said. “She is everything I want to be when I grow up.”Ginsburg garnered a large turnout from the student body, which is noteworthy in itself, senior Sheryl Cherian said.“She’s an inspiring human that makes policy accessible, and I feel like that has everything to do with all the youth coming out,” she said.Stengle said she hopes to go to law school some day. She and the other students selected to ask questions at the event got to meet Ginsburg at a reception afterwards.“I liked her point when she explained that the court doesn’t make change, people make change,” Stengle said. “I liked how she cleared that up — how they don’t have a set agenda, that they just do what comes at them.”Students said they were surprised, at points, by Ginsburg — like when she whipped out a pocket-sized version of the Constitution or joked about her “notorious” nickname.“She was sassier than I was expecting,” senior Leah Jacob said.“And my favorite part was 100 percent when she said there would be enough women on the Supreme Court when there were nine,” senior Holly Backstrom added.Though junior Will Lederer found Ginsburg’s personal history interesting, he said he would have liked to hear a little more about how she formulates and delivers opinions in Supreme Court cases. “I’m a conservative, a pretty staunch conservative,” he said. “And I think it’s pretty important to hear the other sides of arguments.”Senior Paul Rudnicki said he thinks the chance to see any Supreme Court justice speak is one worth taking.“The Supreme Court is a major force shaping some of the most important issues — like immigration, energy policy, voting laws,” he said. “And Ruth Bader Ginsburg has been a prominent member for many years.”This is the second consecutive year a Supreme Court justice visited campus — Justice Sonia Sotomayor spoke at DeBartolo Performing Arts Center in 2015.Rhode-Pausina said she enjoyed having the event in Purcell Pavillion; she wasn’t able to get tickets to the Sotomayor event last fall.Inviting big names like Ginsburg and Sotomayor to campus reflects well on the University, Lederer said. “For her to accept our invitation here is very impressive. I mean, she had to go pretty far out of her way. She had to make time to come here,” he said. “That’s very impressive for Notre Dame as a community.”Perhaps a new tradition is forming.“I’d love to see [Justice] Clarence Thomas next year or [Chief Justice] John Roberts in future years, if we’re going to continue this trend,” Lederer said.Tags: fr. jenkins, Ruth Bader Ginsburg, Supreme Court, U.S. Supreme Courtlast_img read more

Lawn Gardens

first_img“It looks like we are going to have a viable crop of winter vegetables from each treatment, though you can see the effect of competition with the grass in some of the treatments,” Bauske said. “Growing the vegetables is the first part of the study. The second half we’ll be watching to see how the turfgrass recovers and performs in the spring and summer.”The test will be repeated next winter before the research findings are published.Can you make it pretty, too?Bauske said the next logical step in the research would be making the turfgrass/winter garden physically attractive from the roadside.“We planted a variety of Swiss chard called Bright Lights. It’s beautiful and has different colored stems. It’s quite striking!” she said. That is not the only attractive vegetable. Italian broccoli and many lettuces also offer optical interest and variety. Dwarf broccoli, she said, would also make the garden more attractive. “This way, you can eat your homegrown vegetables and enjoy the view.” For home gardeners who can tolerate a few weeds in their lawn, Bauske said many commonly found weeds can be eaten. These include wild garlic, white clover, dandelions, yarrow, cat’s ear, plantains and coltsfoot.Waltz says the study shows promise, but he’s not ready to encourage homeowners to plant gardens in their front lawn yet. “We’ve learned a few things by doing a pilot study last year before planting this year’s replicated trial,” he said. “There’s promise, but we still have a lot to learn about how to optimize vegetable production and return the turf to a safe lawn for play and enjoyment.” A team of University of Georgia researchers is studying the use of home lawns as garden plots. If successful, suburbanites with warm-season lawns could plant fall vegetables on top of their turfgrass lawns.“Enthusiasm for local food production and self-sufficiency has generated an increased interest in home vegetable gardens. But, many urban dwellers have small outdoor spaces and often lawns occupy the only full sun areas in the landscape,” said Ellen Bauske, a program coordinator at the Georgia Center for Urban Agriculture and leader of the project.A happy mediumMany would-be urban gardeners love their lawns too much to replace them with a vegetable garden, according to Bauske. “They enjoy spending their summers on the lawn, watching the kids play while admiring their well-manicured lawn,” she said. “Tearing up the lawn and putting in a traditional garden may not be the best option. Gardens are a lot more work to maintain than lawns and have an unconventional look. Your neighbors may not be pleased to see a working garden in your front lawn.”At UGA, Bauske’s goal is to find a happy medium—a way to successfully grow vegetables without destroying turfgrass. She, along with horticulturist Sheri Dorn and turfgrass specialist Clint Waltz, all with the UGA College of Agricultural and Environmental Sciences, are recording the effects of planting fall vegetable crops into warm-season hybrid bermudagrass.“If you have a warm-season grass, it will be dormant in the fall and winter, so you are essentially double cropping (planting one crop after another crop),” she said. “This research is targeted to homeowners with small yards who want to dip their toe into the fast-moving stream of the local food movement.” Four methods being testedThe first season of the research trial began in September when the UGA researchers planted lettuce, broccoli and Swiss chard into a bermudagrass research plot. The team planted vegetables four ways: directly into the turfgrass, directly into the turfgrass after spraying Roundup, into strips made with a small rototiller and into rototilled strips where the turfgrass was first sprayed with Roundup.last_img read more

New Mexico regulators approve utility plan to abandon 847MW San Juan coal plant

first_img FacebookTwitterLinkedInEmailPrint分享Santa Fe New Mexican:The state’s largest electric utility will be allowed to abandon a coal-fired power plant near Farmington and recover investments by company shareholders after a unanimous vote Wednesday by the New Mexico Public Regulation Commission.The video meeting was cut short by a so-called Zoom bomb — named for the popular video-conferencing app — just as commissioners appeared to be preparing to vote on whether to allow Public Service Company of New Mexico to abandon its coal-fired San Juan Generating Station.PNM Resources Chairwoman, President and CEO Pat Vincent-Collawn said in a statement that customers and the environment “will benefit as we move to exit all of our coal-fired generation and replace it with lower-cost, cleaner energy resources.”Vincent-Collawn also said the company’s ability to recover costs will help it offer $40 million for workers who will lose their jobs and for economic development in the community of Farmington if the coal plant idles.But whether the plant will actually close as a result of PNM leaving it behind is still unclear. A company called Enchant Energy is pursuing a separate plan to buy the station and install carbon-capture technology to keep it running.The decision Wednesday comes after months of legal proceedings that delayed certainty over whether PNM could leave the coal plant behind. Commissioners approved recommendations from the regulatory agency’s hearing examiners to allow the PRC to abandon the coal plant under provisions in a new renewable energy law that gives PNM the ability to sell bonds to earn back investments made by shareholders.[Michael Gerstein]More: PRC approves PNM plan to close San Juan plant after meeting derailed by ‘Zoom bomb’ New Mexico regulators approve utility plan to abandon 847MW San Juan coal plantlast_img read more

214 Days

first_imgMany long-time residents strongly support direct action against the pipeline and feel grateful for the community that has evolved around the support camp. Emily Satterwhite expresses gratitude for the chance to learn and to come to a better understanding of what anarchism is by being a part of this movement. She is still politically active and says, “For me, I just can’t not try to hold the system accountable. For as long as they hold power over people I have to at least try,” but she is grateful to those who have shown her that it is possible to live outside of the normative constraints of working jobs and capitalism. “That people can choose not to opt in is a revelation to me,” she says. She also states that she has learned from anarchists to recognize colonialism as something to consider and analyze on a daily basis and not just every once in a while in a classroom. “When the pipeline spills, when there is an explosion, when people are displaced from their homes, when the air itself becomes a carcinogen, when the seas rise, it’s people’s lives that are at stake. We recognize that most of these repercussions of pipelines, if not all of them, are inevitable. It’s why we are in these trees. In areas along the pipeline route where there seems to be less opposition from locals, people like Crystal have an explanation. She says that she was surprised that more people in her community weren’t resisting, but she believes that people’s hopes of beating a big company were extinguished when locals fought for ten long years against an intermodal rail yard in Eastern Montgomery County, but ultimately lost. This is an all-too-common theme in a region that has long suffered from a history of extraction and exploitation, first by coal mining and now fracked gas and pipelines.   The police’s responsibility is to remove us from these trees– to ensure the inevitability of this pipeline. We see their free-speech zone as a tactical means of expediting this process. So we ask again: safety for whom? She says that climate change and recognizing who suffers the most as a result of it are the main things that motivated her to get involved. “The fact that there is something that I can do in my own county to significantly reduce climate emissions and to confront power and make a difference on a global scale… I can’t not become involved. For me, this is about fighting corruption and fighting industries’ capture of government.” Construction of the pipeline has also been delayed through court proceedings. Hundreds of landowners along the pipeline route are fighting the company’s use of eminent domain. Environmental groups like the Sierra Club have also dealt major blows to the pipeline in court cases that lost the MVP its Nationwide 12 permit and its approval to cross public lands. When the Peter’s Mountain tree sits sprang up in Jefferson National Forest last year, it caused a significant shift within local communities. People who had not previously engaged in the fight began to mobilize against the MVP. The fight for Peter’s Mountain inspired more aerial blockades and acts of resistance, like those of Red and Minor Terry. People started showing up at the tree sits with food and other supplies to show their support. A lot of time at camp is spent maintaining the space by doing chores such as chopping firewood or cooking food for the the tree sitters, but a lot of the time is also spent reading, writing, and having engaging conversations with others around a campfire. The culture around camp also encourages people to learn new skills and to become more self sufficient. Campers either already know or learn tools for self-reliance such as building a fire, operating power tools, or working on their own vehicles. Directly beneath the wooden platforms of the tree sits at Yellow Finch and all around the hillside beneath them, there are banners bearing messages that link the pipeline fight to other issues with messages such as “No prisons, no pipelines” and “No pipelines on stolen indigenous land.” Although media coverage has rarely covered such motivations, opposing the pipeline is just one part of a much larger struggle to end state violence in all forms. Many of the people camping out at the tree sits identify as anarchists. Their motivations against the MVP are rooted within a broader effort to create a better world by contesting capitalism and all forms of oppression, while simultaneously strengthening communities to become more sustainable and self-reliant. Phillip explains that, “anarchism is as much a sensibility and feeling as it is an ideology.” His start in activism began with the year he spent campaigning for Bernie Sanders in the 2016 presidential election. Over time he became disheartened by electoral activism and began showing up at action camps where people were protesting other pipelines around the country. Phillip goes on to say that he doesn’t view living in a tree as a sacrifice. He tried normal society life and he didn’t enjoy it. “People have an inherent desire to do meaningful and creative things with their lives and those desires are not satisfied by capitalism,” he says. “Any type of hierarchy or domination is dissatisfying, whether that’s humans dominating other humans or humans dominating the environment.” The Mountain Valley fracked gas pipeline, which would transport gas intended for overseas export, is routed to cross steep mountain terrain prone to seismic activity, landslides, and sinkholes. If completed it would cross over 500 bodies of water, not to mention sensitive wetland areas and some of the largest unfragmented forests left in the eastern U.S. For a region that relies on local water sources for crops and livestock, the imminent threat of losing access to clean water means the loss of many people’s livelihoods in addition to loss of clean drinking water. A Lord-of-the-Rings-inspired essay written by Phillip this past February addresses this philosophy and more: “What bad things do you seek to thwart by seizing state power? If you’re concerned with people going hungry, go feed them. If you’re concerned with people not having health care, organize a clinic. In short, practice mutual aid. At the same time, don’t be deceived that this is enough. Directly confront systems of power and stop them from working. Blockade weapons plants, lock down to ICE vans, and yes, set up tree sits. My own motivation to join the growing pipeline resistance has evolved over time. This past fall, I occupied one of the tree sits at Yellow Finch for 38 days. After I vacated the platform, a person named Phillip Flagg took my place in the tree to continue the blockade. My initial reasons for getting involved started because I felt that I couldn’t ignore what was happening to people in my own community. If there was something that I could do in my own backyard to combat the growing crisis of corporate greed and destruction then I felt compelled to act. However, over the past year I have realized that this struggle is much bigger than fighting a single fossil fuel pipeline. For many along the MVP route, hope was reignited with the Peter’s Mountain sits and all of the direction action that followed. Emily Satterwhite, an associate professor at Virginia Tech, was so motivated by what transpired on Peter’s Mountain that in June of 2018 she locked down to an excavator located on the pipeline easement, successfully blocking construction for 14 hours. She says that the most inspiring thing to her throughout this movement has been the way in which people have shown up for each other again and again. “People say that the system is rigged and that there is no point in trying to fight it,” she states, “but it has been life-changing to witness the number of people willing to fight and to show up for their communities over and over again. I’ve heard a social movements historian say that before Peter’s Mountain there wasn’t really a culture of resistance here in Montgomery County, but that the Peter’s Mountain tree sitters changed everything.” In a video posted by one of those tree sitters over a year ago, the following statement was made: center_img The fundamental concept of anarchy is the rejection of anything hierarchical, but it is not chaos or disorder as many have been led to believe. As Phillip puts it, “It’s not a lack of organization. If anything there has to be more organization, otherwise it wouldn’t work. There’s more communication involved because there has to be. A broader spectrum of opinions are being heard. It’s not just one person telling others what to do.” A related note from the tree sitter in the White Pine says this: It seems to me that the only humane answer is to work immediately to relieve people’s suffering. At the same time, the source of their suffering – capitalism and the state – must be vigorously and ceaselessly confronted.” Where does this leave us? Well one thing we know is that a long history of civil disobedience—of intentionally breaking unjust rules and laws—precedes us. Courageous people fighting for a new world has often meant edging up against all that enforces the world as it already exists.” For many people, anarchism is not just a socio-political ideology. “It’s about building community, people helping other people, and caring for one another. It’s also about autonomy and being self reliant,” an anonymous camper explains. It’s easier to do these things outside of the confines of the state, without the weight of bureaucracy preventing or discouraging people from helping others or doing things on their own (for example, being prevented from donating food or providing mutual aid due to permitting requirements or liability issues). Since the Peter’s Mountain tree sits, there have been a total of 11 aerial blockades along the pipeline route, with the Yellow Finch tree-sits in Montgomery County being the most recent and currently  the longest on-going blockade against the MVP to date. This aerial blockade recently surpassed 200 days of blocking construction. In a court statement, MVP claimed that if the tree sitters weren’t off of the hillside by the end of March then it will have cost them approximately $300,000. The area around the tree sits has become a community space of sorts where people camp out on the hillside and where people from the local community frequently visit and bring supplies. People support the tree sitters in any way that they can. The Black Panthers understood this. Catholic Workers understand this. Naturally, any anarchist worth their salt does as well. People are suffering today. Any answer to that suffering that starts with “well in 2 years maybe Bernie will be president…” is at its core a waste of time. This pipeline will be completed by then. And how many Yemeni and Palestinian people (to pick merely two cases) will have died by then? It started with the two tree sits blocking the Mountain Valley Pipeline easement in Jefferson National Forest in West Virginia, in close proximity to the Appalachian Trail. These two tree-sits were soon followed by more acts of resistance along the pipeline route, including numerous aerial blockades and people locking down to equipment. As of right now pipeline construction is approximately 30% complete in the state of Virginia. The MVP project is over a year behind schedule and more than a billion dollars over budget. Amidst falling stock prices and the loss of two key permits, pipeline officials have issued statements admitting that the pipeline project may never be finished. Forbes Magazine recently observed that both MVP and the Atlantic Coast Pipeline project “are now in peril.” People go to the camp to support direct action against the pipeline, but they have simultaneously created a community where people take care of each other and share knowledge and resources with each other. Not everyone identifies as an anarchist, but the fight against the pipeline has brought people together and allowed people to learn and grow from each other’s experiences. It has brought together people of many different backgrounds and beliefs, but most people agree that systemic changes urgently need to be made. The rule of law that we are currently living under is not just or fair when people are being harmed by pipelines, fracked gas, or unclean water. It is not enough to fight within the confines of this broken system. If not for the efforts of both direct action and battles won in court, this pipeline likely would have been completed by now.   This will not be the last pipeline ever attempted to be built. Nor will it be the last time the fossil fuel industry tries to take from the land the resources we need to live. Regardless of whether this pipeline gets built or not, the community that has developed around the tree sits will continue to carve a path for future generations. Crystal, a mother and local resident also associated with Roanoke People’s Power Network, says it was a culmination of her own life experiences that led her to activism and that she got involved in the pipeline fight because she believes stealing land for corporate gain is wrong. “The narrative about locals needing the pipeline for lower energy costs and local jobs is all lies,” she states. “From my understanding the gas will mostly be for export and there will hardly be any local jobs.” 214 Days: Tree sitters have blockaded the Mountain Valley Pipeline for seven months. Here’s what motivates them to persist. An anonymous individual camping at Yellow Finch reflects about how much growth there has been within the community through the resistance to the pipeline: “Look at what has happened because of the tree sits. People who never would have met each other have now met and are taking care of each other. There’s a more established community here than before and there will be long after this blockade is gone.” What has had the biggest impact in this struggle against the pipeline hasn’t been any one individual and certainly not any lawmakers or elected officials. It has been ordinary people taking care of each other, connecting with each other, improvising strategies, and coming up with solutions together. Crystal says that she sleeps better at night knowing they are close by protecting the trees on Yellow Finch. “I try to be as active as possible while balancing being self employed and a single mom,” she says. “There’s never enough hours.” She goes on to say that she has found hope in the way that she has seen people show solidarity for each other. “During this fight I have found that the anarchists are seen as the enemy, but they will fight for the oppressed more than any Republican, Democrat, or liberal,” she says. As someone who has witnessed and experienced injustice throughout her life, she expresses, “things aren’t getting better and we need more people to get involved and be vocal about it.” “We are living in these trees because the accepted avenues of action within the system present zero chance of stopping this pipeline. If the Democratic Party would adequately confront the climate crisis, I would just come down and vote. Unfortunately, the Democratic Party is a facade; presenting a myth of opposition to this regime while existing in conspiratorial conjunction with the Republicans. Red team, blue team, it’s all one regime: the capitalist regime. “Let this radicalize you rather than lead you to despair.” These words (credit: twitter.com/prisonculture/status/890778726140706818) become more and more applicable as we see this disastrous economic system destroy itself, taking all that we love with it.”last_img read more

Watch out for the sleazy politicians

first_imgCategories: Letters to the Editor, Opinion I have to point out what power in some people’s hands will do to destroy others and the nation. D.C. politicians have set up slush funds for secret payoffs, committees of phony Russian collusion and sexual abuse by both genders. Locally, we have the governor giving away free college education in-state. Gov. Andrew Cuomo is one of worst, if not the worst, governors in the state’s history.Then we have everyday people with little titles that go to their heads. They scheme and lie to make themselves look good to their bosses, no matter what the cost or consequence to others. We should look very closely at those who crow the loudest and why. Think about it.Al MarvellScotia More from The Daily Gazette:EDITORIAL: Urgent: Today is the last day to complete the censusSchenectady teens accused of Scotia auto theft, chase; Ended in Clifton Park crash, Saratoga Sheriff…EDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Beware of voter intimidationlast_img read more

Climate change is a worldwide problem

first_imgCategories: Letters to the Editor, OpinionYes, this winter is brutal. Yes, it’s really cold. But Alaska is enjoying very warm weather. Anchorage Alaska saw an official high of 44 degrees Tuesday [Jan. 2]. Yes, Alaska was warmer than we were. Preliminary statistics indicate that 2017 will be one of the warmest on record.When we talk of global warming, we aren’t talking about just New York, or just the Northeast, or even the continental United States. Global warming is the whole Earth, not a small piece of it where we live.This is the only planet we have. What happens in Africa has an effect on us. What happens in Asia impacts us. Let’s start thinking globally people.Edward F. Wagner Clifton ParkMore from The Daily Gazette:Game 7: Shenendehowa grad and Braves rookie Ian Anderson gets start with World Series spot on the li…Controversial solar project goes before Clifton Park Planning BoardEDITORIAL: Beware of voter intimidationEDITORIAL: Find a way to get family members into nursing homesHigh-risk COVID exposure reported in Clifton Parklast_img read more

Moderna’s COVID-19 vaccine won’t be ready by US election: Report

first_imgUS biotech firm Moderna won’t seek an emergency use authorization for its coronavirus vaccine before November 25, its CEO told the Financial Times on Wednesday.The news deals a blow to President Donald Trump’s hopes of having an injection ready before the election to give his campaign a much-needed boost.Stephane Bancel told the newspaper: “November 25 is the time we will have enough safety data to be able to put into an EUA file that we would send to the FDA [Food and Drug Administration] — assuming that the safety data is good, i.e. a vaccine is deemed to be safe.” Trump, whose approval has taken a hit over his handling of the COVID-19 crisis, has frequently hinted a vaccine could be ready before the November 3 vote.This has raised concern among experts that his administration may attempt to interfere with the regulatory process for political reasons.The Republican repeated his claim on Tuesday night, during a debate with his Democratic rival, former vice president Joe Biden.”It’s a possibility that we’ll have the answer before November 1,” he said. Moderna’s vaccine is one of 11 experimental vaccines in final stage trials.Another is being developed by Pfizer, whose CEO Albert Bourla has taken the position that his company may have a clear answer about whether their shot works by October.Most experts are skeptical of the claim, believing that the ongoing trials will not have sufficient statistical data to prove the drug’s safety and effectiveness by that time.Speaking to the Washington Post on Tuesday, Bourla denied he was attempting to curry favor with the president by making his October claim.”For me, the election day is an artificial day. The end of October is an artificial day. This is how we operate. If we can bring it earlier, we will,” he said.center_img Topics :last_img read more

Experts: No interest rate rise until late 2018

first_imgExperts predict interest rates will remain on hold until late 2018 according to a recent industry survey. Photo: AAP Image/Dean LewinsIf imminent interest rate rises have been a concern, the latest survey results by comparison website Finder.com.au could be good news.Thirty three industry experts surveyed by the company agreed the cash rate would remain on hold when tomorrow’s RBA announcement came down, with many believing the status quo will be maintained for another year.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:34Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:34 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, 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 Rate1xFullscreenMonthly Core Index: August00:34Of those queried, 80 per cent (24) predict the next cash rate move to be up, with 60 per cent (13) of that group not expecting a rise until the second half of 2018.Graham Cooke, Insights Manager at Finder.com.au, said the results showed rate rises are expected to happen later than first thought.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor1 hour ago“There’s been no cash rate movement over the last 12 months, however we have seen the estimated date of the next rise push further into 2018, potentially giving some Aussie borrowers breathing space for longer,” he said.A second comparison website, RateCity.com.au, agreed with the prospect of rates on hold.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, 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 Rate1xFullscreenHousehold Debt00:51This information is of a general nature and does not constitute professional advice. You should always seek professional advice in relation to your particular circumstances.RateCity money editor, Sally Tindall, said a stronger economy, higher Australian Dollar, low wage growth and low inflation all ensured rates would remain ‘as is’ tomorrow.“The other complicating factor is that the banks already increased rates in the first half of this year, so we’ve actually experienced an unofficial tightening of monetary policy, despite no official change in the cash rate,” said Ms Tindall.Follow Kieran Clair on Twitter at @kieranclair or Facebook on Kieran Clair — journolast_img read more

Tunnel still afloat

first_imgEUROTUNNEL’S efforts to drum up support from shareholders for the complex financial restructuring intended to make its £8·5bn debt more manageable were rewarded at an extraordinary general meeting on July 10 in Paris. After 6 h of debate, the resolutions needed to approve the restructuring were passed by a majority of 98%.Several groups of shareholders had threatened to vote against the plans, thereby risking a collapse of the whole Eurotunnel edifice. Among factors which persuaded the rebels to volte-face was an agreement in principle on July 1 by the French and British governments to extend Eurotunnel’s concession from 65 to ’at least 99 years’. Conditions attached to this were that the banks and shareholders endorsed the restructuring, that the governments shared profits with Eurotunnel after 2052, and that both sides should seek agreement ’on ways and means to increase railfreight traffic through the Channel Tunnel and beyond.’Eurotunnel must now secure the support of its 174 creditor banks. olast_img read more

Wellcome Trust complains to chancellor over possible AstraZeneca deal

first_imgIn its letter, Wellcome said it had major concerns because of the importance of the pharmaceutical industry to wider biomedical research.Wellcome’s mission is to improve human and animal health, principally through funding biomedical research and its translation into healthcare.More than three-quarters of its £750m annual spending currently supports research in the UK.The letter, from Wellcome’s chairman Sir William Castell and director Jeremy Farrar, said: “Pfizer’s past acquisitions of major pharmaceutical companies have led to a substantial reduction in R&D activity, which we are concerned could be replicated in this instance.“If AstraZeneca does merge with Pfizer, we think it essential the R&D and manufacturing capability it offers to the UK is maintained and, critically, that its investment in its major R&D facility in Cambridge is not lost.”Wellcome said it was encouraged by Pfizer’s open letter to the UK prime minister, which included a commitment to complete and operate AstraZeneca’s Cambridge R&D facility, to employ a minimum of 20% of the combined company’s R&D workforce in the UK, and to maintain manufacturing capacity in the UK.But the letter continued: “We believe, however, that it is critical the government holds Pfizer to these commitments should its offer succeed, as the company has not always honoured similar undertakings made following past acquisitions. We would be pleased to hear how you propose to do so.”Wellcome declined to comment on any presumed shareholding in AstraZeneca. The Wellcome Trust – the UK’s largest charitable foundation, with a £16.5bn (€20.2bn) endowment – has written to chancellor of the exchequer George Osborne to raise “major concerns” about the proposed takeover of Anglo-Swedish pharmaceutical company AstraZeneca by US multinational Pfizer.The possible takeover, which has so far been rejected by AstraZeneca, has provoked a wave of criticism in the UK and Sweden because of its potential effect on jobs.Andres Borg, Sweden’s finance minister, has claimed Pfizer broke promises made to maintain research investment in Sweden when it bought local drug maker Pharmacia in 2002.AstraZeneca is one of only two large pharmaceutical companies to pursue substantial research and development (R&D) activity within the UK.last_img read more