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Asia’s big economies are already feeling the coronavirus impact

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first_imgKorea Trade Data Show Virus Disruption to China Supply ChainWhile early South Korea trade figures for February showed a pick up, an increased number of working days from a year earlier glossed over the impact the virus is already having.Exports during the first 20 days of the month rose 12 percent from a year earlier. Shipments to China, South Korea’s biggest trade partner, fell 3.7 percent during the first 20 days. The early reading is typically held up as a bellwether for global trade given South Korea’s central role as a manufacturer and exporter of electronics, ships and automobiles.Just startingEconomists warn the virus fallout is only just beginning.“The global economy and financial markets have not seen the full impact of the coronavirus outbreak yet,” Citigroup economists led by Catherine Mann wrote in a note titled “Waiting for the Global Impact” that warned of a “dramatic” first quarter slowdown in China.Slumping activity will add to pressure on governments and central banks to respond with more support for their economies, while also raising doubts about their capacity to respond.Central banks in Asia have already stepped up action, with Indonesia, Philippines, and Thailand cutting rates recently, and others like Singapore planning significant fiscal stimulus. China has lowered a range of policy rates this month. Speculation is rising that the Bank of Korea could also deliver a cut next week.Still, global debt is at record levels and interest rates in the world’s biggest economies are already at historic lows.“If growth continues to slide, a key question for the G-20 will be whether its members can coordinate a response,” according to Bloomberg Economics Tom Orlik.“Against a backdrop of resurgent nationalism, fractious trade disputes, and limited policy space, common purpose might be difficult to achieve, that’s another reason to be pessimistic on the outlook,” he wrote. Japanese manufacturing activity plunged amid recession risks in the world’s third largest economy. The Jibun Bank Japan Manufacturing Purchasing Managers Index registered 47.6 for the sharpest deterioration in conditions in more than seven years.The epidemic has prompted economists to forecast recession in the world’s third-largest economy already reeling from an October sales tax hike and a typhoon.In Australia a gauge of manufacturing activity fell further into negative territory amid mounting evidence of the virus fallout, along with a hit from massive bushfires.The CBA Flash Composite PMI fell to 48.3 in February from 50.2, the steepest rate of reduction since the series began in May 2016. Key gauges for manufacturing in Australia and Japan fell while early export orders for South Korea showed a slump in Chinese demand. Data from China showed car sales sank 92 percent in the first half of February while its Commerce Ministry said trade and inbound investment would take an increasing hit from the epidemic.The warning signals come as finance chiefs from the world’s 20 biggest economies meet this weekend in Riyadh, Saudi Arabia for the first time since the virus outbreak.How to cope with the economic fallout from the disease will dominate those discussions, Bank of Japan Governor Haruhiko Kuroda said in Tokyo ahead of his departure for the talks.center_img Topics :last_img read more

El Gobernador Wolf promulga un proyecto de ley sobre los socorristas de primera línea, otras legislaciones

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first_img Bill Signing,  Español,  Press Release En el día de la fecha, el Gobernador Tom Wolf promulgó varios proyectos de ley, incluido el Proyecto de ley 1459 de la Cámara de Representantes, que establece un programa de bienestar mental y de manejo del estrés para los socorristas que sufren lesiones por estrés postraumático o lesiones cerebrales traumáticas en el trabajo. La legislatura aprobó el proyecto de ley por unanimidad.“Esta emergencia de COVID-19 nos ha vuelto a recordar cómo todos dependemos de los socorristas de primera línea durante una crisis”, dijo el Gobernador Wolf. “Los socorristas de primera línea enfrentan situaciones traumáticas en el trabajo que pueden tener consecuencias duraderas y este nuevo programa les brinda acceso a la ayuda que necesitan. Es lo correcto y estoy orgulloso de aprobar la legislación”.El apoyo a los socorristas de primera línea según al proyecto de ley incluye programas entre pares, capacitación para las medidas de apoyo entre pares, una línea de ayuda gratuita, apoyo para el manejo del estrés de alcance estatal y regional, capacitación para la concientización sobre traumas y suicidios, y apoyo para organizaciones sin fines de lucro que ofrecen los servicios.“Sabemos que algunos grupos tienen más probabilidades de sufrir graves problemas de salud mental y suicidio”, dijo el Representante Mike Schlossberg. “Nuestros socorristas de primera línea pertenecen a esa categoría. Debemos hacer más para proteger a nuestros héroes y agradezco al Gobernador por su apoyo a estas iniciativas”.En el día de hoy, el Gobernador también promulgó:El Proyecto de ley 256 de la Cámara de Representantes, que endurece la ley estatal para hacer que un asalto a un empleado del sistema penitenciario en una institución local, del condado o estatal sea un delito grave de segundo grado. Se trata de un delito grave de primer grado si se usa un arma capaz de causar lesiones graves. El proyecto de ley también establece el delito grave de tercer grado si un oficial de las fuerzas del orden público o un empleado de centros del sistema penitenciario participan en un acto sexual con un recluso o un detenido.El Proyecto de ley 943 de la Cámara de Representantes, que está destinado a mejorar la transparencia y a reducir los costos de los medicamentos bajo receta al garantizar que las farmacias y los farmacéuticos puedan informar a los clientes sobre las alternativas de menor precio, que incluyen a los medicamentos genéricos. El proyecto de ley prohíbe que los administradores de beneficios de farmacia y las organizaciones de administración de servicios de farmacia restrinjan esta información.El Proyecto de ley 836 del Senado, que exige que los alumnos atletas y sus padres reciban información cada año escolar sobre el paro cardíaco repentino y las pruebas de electrocardiograma (EKG) para detectar afecciones cardíacas subyacentes. El proyecto de ley exige que los alumnos y los padres firmen una hoja informativa antes de que los alumnos participen en actividades deportivas.El Proyecto de ley 632 de la Cámara de Representantes, que amplía el uso de un poder notarial seguro para la transferencia de vehículos por parte de concesionarios y aseguradoras habilitados, que incluye el uso de la firma electrónica y extiende el período de tiempo durante el cual se puede usar un poder notarial limitado para la venta, compra o transferencia de viviendas manufacturadas durante una emergencia por desastre.El Proyecto de ley 672 de la Cámara de Representantes, que modifica la ley del 13 de febrero de 1970 (P.L. 19, No. 10), titulada “Una ley que permite a ciertos menores dar su consentimiento para recibir servicios médicos, dentales y de salud, declarando que el consentimiento es innecesario bajo ciertas circunstancias”. En particular, el proyecto de ley modifica las disposiciones respecto del consentimiento para el tratamiento voluntario de la salud mental para pacientes menores hospitalizados y ambulatorios.El Proyecto de ley 732 de la Cámara de Representantes, que establece un crédito fiscal para la fabricación de recursos a nivel local y exime del impuesto a la transferencia de bienes inmuebles a las compañías de servicios de emergencias médicas, compañía de bomberos voluntarios o compañía de rescate voluntario.El Proyecto de ley 1437 de la Cámara de Representantes, que modifica el Código de Reforma Fiscal de 1971 respecto del programa de Revitalización de la Ciudad y Mejora de zonas y el Programa de Crédito Fiscal para Empleos e Inversiones Rurales.El Proyecto de ley 2455 de la Cámara de Representantes, que exige que el Gobernador y el Departamento de Salud presenten información a la legislatura sobre las pruebas de COVID-19.El Proyecto de ley 2484 de la Cámara de Representantes, que aumenta el límite del porcentaje del valor de los activos retenidos por o para una entidad benéfica elegida del 7% al 10% para los años fiscales 2020, 2021 y 2022. El proyecto de ley agrega una nueva disposición respecto de los acuerdos extrajudiciales.El Proyecto de ley 320 del Senado, que promulga la Ley revisada de acceso fiduciario uniforme a los activos digitales, que dispone instrucciones y acuerdos para el usuario, la divulgación de activos digitales y comunicaciones electrónicas, funciones de fiduciarios y cumplimiento e inmunidad para los custodios de activos digitales y comunicaciones electrónicas, y realiza las enmiendas pertinentes.El Proyecto de ley 927 del Senado, que dispone que el Departamento de Transporte de Pennsylvania validará de manera independiente la documentación de la situación de veterano e inmediatamente emitirá una licencia de conducir o una tarjeta de identificación que muestre la designación de veterano sin tener que presentar la documentación al Departamento de Asuntos Militares y de Veteranos para su revisión y aprobación.El Proyecto de ley 1125 del Senado, que brinda a los distritos escolares la opción durante el año escolar 2020-21 de extender el período de descuento del impuesto sobre bienes inmuebles, eximir las multas por pagos atrasados o ambos.El Proyecto de ley 1188 del Senado, que estipula la delegación de poderes fiscales y restricciones al respecto y limitaciones fiscales.View this information in English. El Gobernador Wolf promulga un proyecto de ley sobre los socorristas de primera línea, otras legislaciones July 23, 2020center_img SHARE Email Facebook Twitterlast_img read more

Statoil: 2400 people to work on Johan Sverdrup hook-up. First group sails away

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first_imgStatoil is starting mobilization of 2400 workers who will work on the hook-up, finalization, and eventually start-up the Johan Sverdrup field in the North Sea.The Norwegian oil company – soon to be named Equinor – said that some 150 people will sail away later on Thursday aboard Prosafe’s floating accommodation vessel «Safe Zephyrus» from Mekjarvik outside Stavanger with the North Sea as their destination.The flotel will reach the giant Johan Sverdrup field during the weekend, marking the start of the offshore mobilization for the field which will be in production for more than 50 years.“This is a big day for Statoil and the Johan Sverdrup partnership. Today we’re sending the first group of people offshore to start the important work of hooking-up the growing Johan Sverdrup field center and preparing for production start-up late next year,” says Trond Bokn, senior vice president for Johan Sverdrup.As soon as “Safe Zephyrus” arrives at its destination, the work to finalize the riser platform – the first topside installed at the field – begins. Soon after, hook-up preparations will begin for the drilling platform, the next topside to arrive in early June. Related: PHOTO: Statoil installs first of four Johan Sverdrup topsides With two platforms in place, soon after the accommodation jack-up vessel – or jacktel – «Haven» will join “Safe Zephyrus” at the field to increase the bed capacity during the hook-up and finalization phase of the project to nearly 900 beds.Then as many as 2,400 people from Statoil and suppliers, spread across three shifts, will start calling Johan Sverdrup as their place of work offshore.Jez Averty, senior vice president for operations in the southern part of the North Sea said: “The next North Sea giant will after start-up – with a peak production of 660,000 high-value barrels per day with very low emissions – be one of the Norwegian continental shelf’s best assets, so we clearly have a vested interest in this going well.” Related: GALLERY: Statoil completes Johan Sverdrup riser platform installation “A lot of work remains, however, and there are no short-cuts to success offshore. To succeed requires that we remain alert and fully focused on completing the work ahead in a safe and compliant manner. And we have every intention to do just that,” Averty concludes.Johan Sverdrup is one of the five biggest oil fields on the Norwegian continental shelf. With expected recoverable resources of between 2.1-3.1 billion barrels of oil equivalent, it will be one of the most important industrial projects in Norway over the next 50 years.Johan Sverdrup will be developed in several phases. Phase 1 is expected to start up in late 2019 with production capacity estimated at 440,000 barrels of oil per day.Phase 2 is expected to start up in 2022, with full field production estimated to peak at 660,000 barrels of oil per day. Peak production on Johan Sverdrup will be equivalent to 25% of all Norwegian petroleum production.The plan for development and operation (PDO) for phase 2 will be submitted during the second half of 2018.Statoil is the operator of the field with 40,0267% interest, with partners being Lundin Norway 22,6%, Petoro 17,36%, AkerBP 11,5733% and Maersk Oil (a company of Total) 8,44%.last_img read more

Siem Offshore gets two-year deal for two vessels in Brazil

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first_imgTo remind, the two vessels were awarded a one-year contract with two six-month options in Brazil back in August 2018. These contracts started in December od the same year. Siem Offshore said on Friday that the Siem Atlas and Siem Giant vessels have each been awarded a two-year contract with two yearly options. Offshore vessel provider Siem Offshore has been awarded contracts for two of its vessels by Total for operations in Brazil. Both vessels will start the contract in September 2020 in direct continuation of the present contract. center_img Later, in December 2019, the unnamed charterer exercised the first of two six-month options for each of the vessels. Both Siem Atlas and Siem Giant are platform supply vessels of an STX PSV 4700 design. They were built in 2013 and 2014, respectively.last_img read more

Agriculture Minister disturbed by the vandalism of amenities on Waitukubuli National trail.

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first_img Share Sharing is caring! 6 Views   no discussions Tweet In photo: Honourable Matthew Walter addressing the graduates this afternoon.Honourable Matthew Walter, Minister responsible for Agriculture and Forestry has expressed concerned about reports of the vandalism of amenities on the Waitukubuli National Trail.Mr. Walter who was at the time addressing the graduation ceremony of forty-five tour/trail guides at the Public Service Union this afternoon.“I am a bit disturbed when the Project Manager Mr. Henry disclosed that there are persons who are walking the trail, are engaged in vandalizing the amenities as well as the indiscriminate littering the trail path, it’s very unfortunate,” he said.The Honourable Minister noted that a massive education drive might be necessary to remove this negative mindset of passive and bad citizens.“If this is the case, and if this is reality, it seems as if that at the inception of the use of the trail we are experiencing those problems, we are going to have a lot of work to do. Therefore, we have to be proactive and every one of us must go on a massive education programme to ensure that we change the mindset of those persons who are passive and bad and they are contributing in a negative way to the sustainability of the Waitukubuli National Trail.”Meantime Project Manager of the Waitukubuli National Trail Project, Mr. Eddison Henry who made the disclosure of the vandalizing of amenities and littering of the trail, has charged the graduates with the responsibility of ensuring that this situation does not escalate.Dominica Vibes Newscenter_img Share Share LocalNews Agriculture Minister disturbed by the vandalism of amenities on Waitukubuli National trail. by: – July 27, 2011last_img read more

Liverpool chiefs keep tabs on Arsenal’s Folarin Balogun

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first_img Balogun could end up walking away from the Emirates Stadium next summer. The 19-year-old is still yet to play for the first-team side, and will be out of contract in a year’s time. However, the Gunners clearly value him highly, and are demanding £8m to let him leave this sum FacebookTwitterWhatsAppEmail分享 Officials of Premier League winners, Liverpool are keeping  their eyes on Arsenal youngster, Folarin Balogun The Daily Express says Liverpool chiefs are keeping a keen eye on Balogun, with the Gunners holding out for £8million for the teenage midfielder. Balogun has been catching the eye of multiple clubs this season and is believed to be Championship side Brentford’s top target in the upcoming transfer window. read also:Arsenal set price for Brentford target BalogunAdvertisement Promoted Content7 Reasons Why You Might Want To Become A VegetarianBest Car Manufacturers In The World17 Astonishingly Beautiful Cave ChurchesCouples Who Celebrated Their Union In A Unique, Unforgettable Way10 Of The Best Places Around The World To Go StargazingMind-Bending Technology That Was Predicted Before It AppearedWhat Happens To Your Brain When You Play Too Much Video Games?7 Things That Actually Ruin Your Phone8 Things About Ancient Egypt That We Don’t Yet KnowWill You Recognize Celebs In Their Kid Photos?The Network’s Greatest Shows On HBOThe Very Last Bitcoin Will Be Mined Around 2140. Read Morecenter_img Loading… last_img read more

Charles Andrew Pennington Sr.

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first_imgCharles Andrew Pennington Sr., 78, of Aurora, Indiana, passed away Saturday, July 6, 2019 in Aurora, Indiana.He was born February 11, 1941 in Bluefield, WV, son of the late Charles Oakey Pennington and Patricia Alma Odelia (Larimore) Pennington.Charles worked as an Independent Truck Driver. He was a former member of the Aurora Lions Club.Charles enjoyed fishing, and cutting wood. In his younger years, he enjoyed hunting. Charles also liked working jigsaw puzzles, and sewing, and he recently passed time coloring adult coloring books. He was an Elvis fan, enjoyed karaoke and he had a large die cast car collection. Charles loved Disney World, and wished he could live there. He was part owner of Joyce’s Country Kitchen. He loved to cook, his specialty’s were gravy and cakes. Charles also enjoyed doing stone work with his son in law. Mostly, he loved his family, especially his grandkids.Charles is survived by his children, Elva Joyce “Jodie” (Richard) Kast of Osgood, IN, Charles A. Pennington Jr. of Aurora, IN, Angelina Dawn (Steve) Welz of Aurora, IN., Kelly S. (Valerie) Pennington of Chesapeake City, MD and daughter in law, Jodie Osborn Pennington; grandchildren, Charlie Kast, Dustin Kast, Andrew H. Pennington, Ashley Welz (fiancé, Seth McFarland), Amanda Welz, Alex Welz, Skylar Pennington, Phoenix Pennington, Kayden Pennington, Max Pennington; great grandchildren, Braydyn, Havanna, River, Kellin and Kailyn.He was preceded in death by his parents, and his loving wife of 42 years, Elva Joyce Pennington.Friends will be received Thursday, July 11, 2019, 5:00 pm – 8:00 pm at the Rullman Hunger Funeral Home, 219 Mechanic Street, Aurora, Indiana.Services will be held at the funeral home Friday at 11:00 am with Rev. Richard Kast officiating.Interment will follow in the River View Cemetery, Aurora, Indiana.Contributions may be made to defray Funeral Expenses. If unable to attend services, please call the funeral home office at (812) 926-1450 and we will notify the family of your donation with a card.Visit: www.rullmans.comlast_img read more

Former Trump Adviser John Bolton’s New Book Hits a Roadblock

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first_imgHe went on to explain that in some cases, he was asked to add phrases such as, “in my view,” in order to make it clear that he was expressing his opinion.U.S. Trade Representative Robert Lighthizer said on Wednesday that he attended a meeting between Trump and Xi at the Group of 20 nations in Osaka last year, and he never heard Trump pleading with Xi to buy more agriculture products in order to ensure he would win reelection. Lighthizer made the comments during a Senate hearing on trade issues at which he was asked about Bolton’s recollection of events.“Absolutely untrue. Never happened. I was there. I have no recollection of that ever happening. I don’t believe it’s true. I don’t believe it ever happened,” Lighthizer said. “Would I recollect something as crazy as that? Of course, I would recollect it.”Bolton also wrote that he raised his concerns about Trump’s conversations with foreign leaders with Attorney General William Barr.Meanwhile, Justice Department spokeswoman Kerri Kupec denied in a statement that Barr had ever expressed that the president’s conversations with foreign leaders were improper.Bolton was called to testify before House lawmakers conducting last year’s impeachment inquiry against the president, but declined, explaining that he wanted a federal court to decide whether he should follow a White House directive that he not cooperate with the inquiry.White House press secretary Kayleigh McEnany says the book is “full of classified information, which is inexcusable.” President Trump “pleaded” with China’s Xi Jinping during a summit last year to help his reelection prospects, according to a new book by former Trump adviser John Bolton.The book, titled “The Room Where it Happened: A White House Memoir,” is set to be released next Tuesday, barring any last minute legal issues.It accuses the commander-in-chief of making national security decisions based on political advantage.The White House has been working to block the book’s releaseBolton, who served as Trump’s national security adviser for 17 months, writes, “I am hard-pressed to identify any significant Trump decision during my tenure that wasn’t driven by re-election calculations.”He adds that the president “saw conspiracies behind rocks, and remained stunningly uninformed on how to run the White House, let alone the huge federal government.”In terms of the 2019 meeting with Xi, the book states that Trump “turned the conversation to the coming U.S. presidential election, alluding to China’s economic capability to affect the ongoing campaigns, pleading with Xi to ensure he’d win” Bolton goes on to claim that the president “stressed the importance of farmers, and increased Chinese purchases of soybeans and wheat in the electoral outcome.”Meanwhile, the Department of Justice filed a lawsuit on Tuesday in an effort to delay the book’s release, claiming that it contains highly classified information, and that a required review by the National Security Council has not been concluded.Bolton also wrote that, due to the review process, he made “numerous changes to the manuscript in order to obtain clearance to publish, the vast bulk of which, in my view, did not change the facts set forth.”For more information about my upcoming book release, please review the link below. https://t.co/nx7DHTdQ2T— John Bolton (@AmbJohnBolton) June 14, 2020last_img read more

Peterson again shows scoring, distributing ability in blowout win over Canisius

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first_img Published on December 17, 2014 at 12:42 am Contact Paul: pmschwed@syr.edu | @pschweds Facebook Twitter Google+ Alexis Peterson hit Syracuse’s first 3-pointer of the game and it set the tone for the rest of the half.Her 13 first-half points came on 5-of-6 shooting, and all five makes came on deep jump shots. But in the second half, Peterson played the distributor, totaling four assists and attacking in transition before kicking out.“Alexis was phenomenal tonight,” Orange head coach Quentin Hillsman said.Peterson finished with a game-high 18 points and six assists in No. 19 Syracuse’s (8-1) 70-37 demolition of Canisius (4-5, 2-0 Metro Atlantic Athletic) on Tuesday night in front of 393 in the Carrier Dome.The sophomore point guard spread Canisius out by knocking down jumpers early on. When defenders pressed out to stop her as the game progressed, Peterson drove to the hoop and distributed after forcing the Golden Griffins’ defense to collapse on her.AdvertisementThis is placeholder text“I wanted to get everybody else involved, get everybody else going and just be like a positive force on the court,” Peterson said.Five minutes into the second half, Peterson dribbled through the lane in transition. Even though she was fouled before she got the shot off, her momentum carried her in front of the seats behind the basket. When she turned around, teammate Bria Day gave her a high-five and said, “way to get down the court.”Just a minute later, Peterson drove to the basket again, got fouled again and hit two free throws.“She did a good job of reading all situations,” Hillsman said. “She just took shots when she was open.”With about nine minutes left in the game, Peterson penetrated the lane again, except this time she spun past two defenders. Though her underhand scoop shot hit off the underside of the rim, the nifty move elicited “oohs” and “ahhs” from the crowd.With yet another performance solidifying her role as SU’s top guard thus far, Hillsman acknowledged his team’s potential when its sparkplug is on full throttle.“She really puts a lot of pressure on a defense,” Hillsman said. “When she gets out in transition and she really pushes tempo, we’re a very good basketball team.” Commentslast_img read more

Syracuse women’s basketball opponent preview: Visual breakdown of Washington

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first_imgTeam ComparisonSracuse vs. Washington Create bar charts  AdvertisementThis is placeholder textPositional ComparisonAlexis Peterson – Kelsey PlumCreate bar charts Published on March 30, 2016 at 11:05 pm Contact Jon: jrmettus@syr.edu | @jmettus Overview Brianna Butler – Alexus Atchley Create bar chartsBrittney Sykes – Talia WaltonCreate bar charts Isabella Slim – Chantel Osahor Create bar chartsBriana Day – Katie CollierCreate bar chartsBig NumbersWashington’s Kelsey Plum ranks first in several statistical categories. No one scored more points than she has this season or attempted or made as many free throws. She also played more minutes than anyone in the country.Sunday will mark the first appearance for either Syracuse or Washington in the Final Four. Comments Facebook Twitter Google+last_img read more