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​PIC sees opportunity in ‘particularly attractive’ Thames sewer construction

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first_img“I think 2015 will be an interesting year, as we will see a real chase for assets,” he said.Speaking in the current issue of IPE, Twyning said PIC largely considered involvement in “relatively straightforward assets” when seeking long-dated cash flows.He said the insurer was interested in projects with low levels of construction risk that were already operational, citing regulated utilities such as energy and water.“One project that includes construction risk but looks particularly attractive is the Thames Tideway Tunnel, which is expected to start looking for funding in 2015,” he said. The 25 km tunnel is needed to expand the capacity of London’s sewage system, built around 150 years ago for a city one-quarter its current size.Its construction will be overseen by a standalone entity working with utility company Thames Water.For more on the challenges of investing in long-term, illiquid assets, see On The Record in the current issue of IPE with PIC, Ärzteversorgung Westfalen-Lippe and SPF Beheer Pension Insurance Corporation (PIC) will consider financing some of the £4.2bn (€5.1bn) cost of a new London sewage system as it struggles with the “mismatch” between demand and supply of infrastructure projects.Allen Twyning, head of debt origination, said the £12bn pension insurer saw the gap between the infrastructure pipelines being “talked up” by governments and the number of transactions as problematic.“Institutions have put together large teams, but they have struggled to deploy cash because the projects have not come to market,” he said. He did not anticipate the market becoming any less crowded.last_img read more

Accused Chinese Mar-a-Lago Intruder Wants to Represent Herself at Trial

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first_imgA Chinese woman charged with illegally entering President Donald Trump’s Mar-a-Lago resort wants to represent herself in court.This morning a federal judge is set to rule on whether Yujing Zhang can fire her public defenders and represent herself. Zhang has pleaded not guilty to charges of trespassing at Mar-a-Lago and lying to Secret Service agents. Agents arrested the 33-year-old in March 2019 after they say she lied her way past several security checkpoints and onto Mar-a-Lago property. She later told the club’s receptionist she was there to attended a United Nations Chinese American Association event; an event which did not exist.Once detained, agents say they found Zhang carrying four cellphones, an external hard drive and a thumb drive with computer malware; prosecutors later said when the thumb drive was tested a second time the malware could not be detected.In her hotel room, investigators say they also found $8,000 in cash, nine USB drives, five SIM cards and a device that could possibly be used to detect hidden cameras.Last week, the assistant federal public defender wrote in court documents that Zhang would not meet with a psychologist but has appeared mentally competent in interviews with her attorneys.If convicted, Zhang faces up to five years in prison.Her hearing is scheduled for 10 a.m. Tuesday at the federal courthouse in Fort Lauderdale.last_img read more

Clear Lake councilman Smith says he’ll run for Iowa House District 54 seat

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first_imgCLEAR LAKE — Clear Lake city councilman Bennett Smith has announced he will run for a seat in the Iowa House. Smith is an instructor of history and political science at North Iowa Area Community College and is currently serving his first term on the Clear Lake City Council. Smith announced last month that he was exploring the possibility of running as an independent candidate for the House District 54 seat. Smith says in a written release that he’s had the opportunity to listen to many people about legislative issues and he’s been grateful for the overwhelming response toward his potential candidacy. Smith adds that as an independent candidate, his objective will be to build a coalition of Republicans, Democrats and independents that want to move Iowa forward with a positive vision for conserving our natural resources, improving our educational outcomes, reforming our healthcare system and promoting economic development across the state. The House District 54 seat covers Clear Lake, the western third of Cerro Gordo County, all of Franklin County, and the northwestern part of Butler County. Incumbent Linda Upmeyer of Clear Lake in October announced that she was stepping down as Speaker of the House for the upcoming session as she planned not to seek re-election to the seat.last_img read more

Budding entrepreneurs workshop talk Generation Data at LYIT

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first_imgBudding entrepreneurs from all academic disciplines across Letterkenny Institute of Technology came together to brainstorm ideas for the national Student Entrepreneur Awards run by Enterprise Ireland.Dr Isobel Cunningham, organiser of the event and lecturer with the LYIT School of Business said, “I have been working closely with our Head of School of Business, Michael Margey to further develop the entrepreneurship ethos across all disciplines of the college and offer students creative mechanisms to support their entrepreneurial focus. The Student Entrepreneur Awards do just that.“I was delighted to have so many students in attendance and I was particularly impressed with the range of subject disciplines. We had many students from the other three academic schools from within the college, Science, Computing and Hospitality and Tourism along with students from Business Studies. “I felt it was important that students heard first hand from a young and successful fashion and clothing entrepreneur, Thomas McLaughlin, who provided inspiration and practical insights”.This event was the ideal platform for students to learn about the new ErasmusPlus funded project that LYIT is involved in – Generation Data.Generation Data seeks to provide teachers and lecturers with the knowledge and skills they need to teach smart data to today’s students and future entrepreneurs. Over the remaining 18 months, the project will deliver on outputs culminating in the realisation of an online course through an open education resource system, which will be free and available to everyone who wants to improve their knowledge around smart data and its application in business and enterprise development. Commenting on her involvement in the project Dr Cunningham said, “I am very much looking forward to meeting project partners when they visit Galway next month and will be hosted by fellow Irish partner Feltech Software Innovations Ltd. Our students and staff have been busy contributing to our project research and we look forward to analysing the results. In the meantime, I would encourage anyone wishing to find out more about the project to check out our website and related social media pages at www.generationdata.eu”.John Andy Bonar, VP for Research, Equality and External Affairs said Letterkenny Institute of Technology is extremely proud of the pivotal role we play in the economic development of the North West region.“We have been actively growing our numbers of international students and our profile internationally with a view to showcasing the possibilities of the North West and of course our capabilities as a higher education provider. We are delighted that with initiatives such as these, we are beginning to reap the fruits of our efforts,” he said.Budding entrepreneurs workshop talk Generation Data at LYIT was last modified: March 12th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Warning over door to door scammer targetting vulnerable people

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first_imgGardaí in Donegal are warning people to be vigilant of a man who is wanted in connection with bogus calls, theft and trespassing.A description has been issued of the man who is known to target the elderly and the vulnerable in their homes and scam them into giving over money.The man operates on a nationwide level and is sought for questioning by Gardaí in numerous counties. “The male in question is a British citizen. He is believed to be of Indian descent,” said a Garda spokesperson.“He is approx. 6ft in height with black hair, he occasionally wears glasses. This male targets the elderly and the vulnerable.“He usually calls to the door offering to sell clothes and can become forceful. He demands extortionate rates for the clothing and has been known to take people to the ATM to withdraw cash for him.”Gardaí believe that the man may have been in the Northern region over the past few days and he has access to a black Vauxhall Astra, the registration number starts with NU5. The man is wanted for questioning in relation to various offences such as theft, fraud, robbery and trespassing. Gardaí in Letterkenny are looking to speak to anyone who believes they have been visited by the man in question. They are also appealing for people to inform anyone they know who lives alone in relation to this man and advise them to be vigilant.Sgt. Eunan Walsh issued safety advice in this week’s community notice: “The usual advice applies, fit a chain-lock to your door, never let anyone into your home that you do not know and beware of all callers offering services who call to your home. Genuine sales people or service providers do not usually call door to door offering goods or services.” Warning over door to door scammer targetting vulnerable people was last modified: June 7th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:bogus callerscamlast_img read more

SA key as Africa moves centre stage

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first_imgClimate change and ‘biodiversity footprints’ It is fitting that Africa should play a key role in the search for a global trade-off on climate change, as Africa has the lightest carbon footprint of any region, yet stands to lose most from the impact of climate change. But there is a twist in the tail here. As the industrialised world focuses increasingly on management of the corporate carbon footprint, it may well be that the “biodiversity footprint” – which focuses on maintaining the balance in the entire eco-system – is even more relevant for Africa because of the greater diversity of species on the continent. It may therefore be a priority for African countries to re-consider their growth patterns in order to ensure the preservation of this diversity.Emerging market blocs China, South Africa, India and Turkey are now leading the way in the development of Africa, while traditional trading partners and investors – such as Britain, the US, France and Germany – battle to maintain their share of market. The new grouping of promising emerging markets known as the CIVETS – Columbia, Indonesia, Vietnam, Egypt, Turkey and South Africa – already include two countries from the Africa continent. The rest will follow in time, starting with Mauritius, Namibia, Botswana, Ghana, Kenya, Nigeria, Zambia, Senegal, etc. Africa is fast approaching the tipping-point, but it has not quite registered in the industrialised club of nations. South Africa’s position as voice and advocate of the African cause in the shifting sands of global economic power and institutional reform now becomes even more critical as it takes its place both in the BRICS and the UN Security Council.South Africa’s trade shifts east, south As the shift in global economic power gains momentum, South Africa’s trade is moving eastwards and southwards in what has become a clear pattern which both reflects the global trend and is helping drive it. It is no coincidence that since the beginning of 2010, South Africa’s President Jacob Zuma has paid his first state visits to India, Russia and China. In July 2010, Brazil’s President Luiz Inacio Lula da Silva paid his first state visit to South Africa following a working visit by Zuma earlier in the year. There is no doubt in the minds of either China or African nations that Zuma is speaking not only on behalf of South Africa but the whole African continent on these trips abroad. Even the notion that the much smaller South African economy could join four mega-economies in BRIC would have been unthinkable a decade ago. While attending a UN conference on trade and investment in Beijing in mid-September 2010, South African Trade and Industry Minister Rob Davies said South Africa would prioritise China and India as export destinations of choice as these countries were now its biggest export markets. Two-way trade between China and SA reached R119.7-billion in 2009, surpassing the US as the country’s largest trading partner, according to South Africa’s Department of Trade and Industry. South Africa’s exports to India reached R5-billion in 2010, while imports totalled R2-billion, in favour of South Africa, the department’s trade statistics show.South Africa and China The fundamental shift in South Africa’s trading patterns was also clear from statements made by Zuma during and after his state visit to China in August. South Africa, Zuma said, would look to China for investment in meeting its infrastructure projects, including transport systems, freight transport, renewable energy projects and mining. The agricultural sector and car manufacturing were also potential recipients of Chinese investment. In the past three years, while the pace of Chinese investment has been slow, it has been strategic and clearly paving the way for accelerated investment in the future. In 2007, the Industrial and Commercial Bank of China (ICBC) bought a 20% stake in South Africa’s Standard Bank for R36-billion, making it China’s largest foreign investment to date. In 2009, China announced that the African headquarters of the China-Africa fund would be in Johannesburg. China has more recently invested in a South African platinum mine and a cement factory, and one of the most concrete agreements emerging from the state visit to China in August was the intention to build a high-speed rail link between Durban and Johannesburg. But the most consistent message that Zuma conveyed during his state visits to China and Russia was that South Africa wanted to learn from both countries on how to ensure high levels of beneficiation of South African mineral wealth, to ensure that the country was able to speed up development, create more jobs and roll back poverty. Zuma also stressed that South Africa needs to balance its trade with China to reduce the heavy deficit in China’s favour. He also foresaw co-operation between the two countries in reforming the global architecture and multilateral institutions. The growing relationship with China is seen both as a means to boosting South Africa’s global trade and of accelerating the development of the Africa continent. With its world-class financial sector, deep experience in African markets and an extensive corporate footprint on the African continent, South Africa is well placed to lead an African miracle similar to China’s achievement over the past 30 years. John Battersby is UK Country Manager of the International Marketing Council of South Africa. Yingni Lu is a London-based business development professional specialising in clean technology and renewable energy. She writes for the online magazine ReconnectAfrica 26 January 2011 There are periods in the dynamics of global power when the shift in trends is of such a scale that it is almost impossible to perceive the full impact of the moment. This was certainly the case with the phenomenal rise of China as a major global economic power. And it is happening again with the rise of Africa as a priority investment destination, as it moves into a similar position that China was in three decades ago, when that country began opening its economy to global forces. The key elements in China’s economic miracle have been an integrated market, special economic zones with incentives for foreign investors, and widespread reform of the agricultural system, which has freed up more labour for economic development. Africa is moving in the right direction on these key elements, but there are fundamental differences with China, and the evolution of Africa’s economic miracle will be different. China’s lifting of 400-million people out of poverty in the space of three decades, maintaining 10% gross domestic product (GDP) growth for three decades, the helter-skelter rate of urbanisation at almost 20-million per year, and now the unprecedented growth of the middle-class – mainly took the West by surprise.Africa: the reality-perception gap Africa’s greatest disadvantage is probably in the area of perceptions. The huge deficit between the reality of Africa and the Western media’s obsession with negative stereotypes of conflict, famine and failed states undermine the continent’s potential. The mainstream media has dominated the grand narrative for the past four decades, and through selective – rather than inaccurate – reporting has buttressed Africa’s negative trends at the expense of its potential. But the reasons why Africa’s growing potential as an investment destination should be conventional wisdom are multiple: In the past few decades, Africa has taken significant strides towards more democratic governance, more transparent economic systems and eliminating some of the more crippling bureaucratic barriers to trade and investment. Although Africa still falls far short of constituting an integrated market, the trend toward integration and more transparency is undeniable.The invitation of South Africa to become the fifth member of the BRICS – Brazil, Russia, India, China and South Africa – and the South African seat on the United Nations Security Council will ensure that Africa has a voice in all key global fora and will accelerate reform of the UN and global financial, developmental and trade architecture.The credit crunch and global economic recession have created a fundamental crisis of confidence in the international financial system, which has both removed any moral high ground that the Washington-consensus institutions had and opened the way for an ongoing review of the current architecture.The potential of Africa as an investment destination has been long recognised and supported both in terms of investment and soft loans by China – now the world’s second-largest economy – and with strategic investments from South Africa and rising economies such as India and Turkey.There is ample evidence of Africa’s potential to leap-frog constraints such as fixed-line telephones with the revolution of mobile technology in Africa. The next breakthrough will need to come in the field of energy and electricity provision. Africa’s hydro-electric potential could play a key role here.In a world where there is growing consensus that future wars will be fought over food and water resources – rather than territory or ideology – Africa is well-placed to play a key role with its huge water reserves and vast tracts of arable land.With a population approaching 1-billion, Africa represents the world’s third-largest market after China (1.3-billion) and India (1.1-billion) and is rich in largely unexploited mineral and natural resources.center_img South Africa played a key role in rescuing the 2009 climate change summit (COP15) in Copenhagen. There was enough progress at Cancun in Mexico at the end of 2010 to ensure that the next critical session of the COP17, in Durban in November 2011, could broker the breakthrough that world so badly needs.last_img read more

Deere unveils W155 Self-Propelled Windrower with Final Tier 4 engine

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first_imgShare Facebook Twitter Google + LinkedIn Pinterest New self-propelled windrower offers latest in performance and comfortBuilding on the success of the W150 Self-Propelled Windrower released three years ago, John Deere announces its replacement with the new W155 Windrower for hay and forage producers. The self-propelled windrower offers fast cutting speeds and easy-to-maneuver controls, streamlining forage cutting and windrowing for all types of conditions and terrain.“The W155 is designed to maximize cutting and windrowing performance in the field and enhance the operator experience under a wide variety of growing conditions while meeting government regulations,” says Jeremy Unruh, product line marketing manager for John Deere. “We built on the success of the W150 to include new features like the Final Tier 4 PowerTech™ 4.5 Liter engine that generates 155 horsepower and provides the low-speed torque ideal for high altitude operation and fast acceleration without stalling.”The W155 Self-Propelled Windrower offers features to enhance operator comfort and convenience. These include a four-point independent spring and shock cab suspension design, a reversible operating station and a single-point multi-coupler with a hydraulic center link (controlled from the cab).In addition, the W155 comes with the option of an AutoTrac™ Controller kit. When paired with AutoTrac™ Activation, GreenStar™ Display and the StarFire™ 3000 receiver, the controller kit can reduce header overlap by up to 90 percent, which allows operators to cover more acres in less time.“Everything about the W155 Self-Propelled Windrower is designed to increase performance and uptime while cutting and curing grain and forage,” adds Unruh. ”With all the features that we’ve included, it’s clear that the W155 adds another excellent model to the already successful hay and forage product lineup.”For more information on the new W155 Series Windrower, see your local John Deere dealer or visit www.JohnDeere.com/Ag.last_img read more

3 Inspiring Videos Featuring Real Chemical Processes

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first_imgBe inspired by these films about, on and created with real chemical processes.Personally I love film. I love the grain, I love the scratches, the imperfections. When was the last time you saw a hair in the gate on a digital film. With The Hobbit causing a stir with its 48 frames per second sheen and the whole world moving irreversibly towards digital production, check out these films celebrating traditional film – all 3 stunning films shot on, or featuring, the beautiful glory of real chemical processes.Break Line: Stephanie GilmoreThis short film by Todd Cole features some stunning surfing and some wonderfully grainy 16mm footage.American Tin TypeThis is a great short film by Matt Morris about photographer Harry Taylor’s passion for a 150 year old form of photography called Tin Type photography. It’s a fascinating tale of someone who becomes immersed in the recreation of an outdated chemical art form, that produces incredible images.American DreamThis 10 minute documentary follows photographer Ian Ruhter as he drives across America in a giant photo making truck, taking pictures of the lost Amercian Dream. It’s a powerful film featuring some truly inspiring characters.last_img read more

Naveen on project opening spree

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first_imgOdisha Chief Minister Naveen Patnaik inaugurated a high-level bridge over the Mahanadi river near Sambalpur on Friday. The 1.5 km bridge, built at a cost of ₹117.72 crore, will connect areas including Chaurpur, Gosala, and Chipilima with Sambalpur city near the Nelson Mandela Square by reducing the distance by 25 km.The bridge will facilitate better transportation of agricultural produce to the daily markets of Sambalpur and give boost to tourism. With direct access to Sambalpur, people from rural areas will get access to better health care and education, said Mr. Patnaik.During his visit to Sambalpur, the Chief Minister also addressed a Biju Yuva Bahini meeting where he inaugurated several new projects for the development of the region.The Chief Minister also inaugurated 19 other development projects worth ₹100 crore and laid foundation stones of 14 projects worth ₹338 crore.In the run-up to the upcoming general elections, Mr. Patnaik has been touring different districts to inaugurate projects and addressing meetings. He is scheduled to visit Mayurbhanj district on Sunday, his second visit to the district in less than a week.last_img read more