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Warriors: Playoffs intensity on display in Golden State’s series opener

first_imgCLICK HERE if you are having a problem viewing the photos or videos on a mobile deviceThe Warriors finished with a 121-104 victory over the Los Angeles Clippers in Game 1 of their first-round playoff series on Saturday. Stephen Curry (38 points) scored prolifically while staying efficient from the field (11-of-16), from 3 (8-of-12) and from the free-throw line (8-of-9). Kevin Durant shifted from facilitator back to scorer (23 points) and Draymond Green offered a mix of scoring (17 points), …last_img read more

Coega IDZ and deepwater port

first_img23 February 2005The Coega Project – a multi-billion rand industrial development complex and deepwater port 20 kilometres east of the city of Port Elizabeth in the Eastern Cape – could soon become the logistics hub for Southern African trade.Located on the south-eastern coast of the country, the project is the first, and one of the largest, industrial development zones (IDZs) to be established in South Africa. The project falls in line with South Africa’s vision of becoming a manufacturing centre for the world; President Thabo Mbeki has officially declared Coega a lead project in SA.The IDZ is already well-serviced by transportation networks, a skilled labour force and utility services. It boasts world-class industrial infrastructure, including inter-modal transportation linkages and cost-effective bulk services.Coega is located in the Nelson Mandela Metropolitan Municipality and is being developed by the Coega Development Corporation (CDC) on 12 000 hectares of industrial land. Although the CDC is a private company, national and provincial government are the only shareholders.Boosting jobsDuring the construction period, the project will generate additional income of between R1.6-billion and R2.4-billion nationally. Between 36 500 and 57 500 direct, indirect and induced jobs will be affected, either in the form of existing jobs that are sustained or as new jobs that have been created.By February 2005, the total number of people employed during the construction phase of the project clocked in at over 11 300, with a total wage bill of over R90-million.Coega is also complementing the region’s already proliferating automotive industry – Africa’s largest and most successful vehicle assembly and component manufacturing hub.Automotive manufacturers Volkswagen of South Africa and General Motors South Africa, the bulk of the country’s catalytic converters, leather seating and component manufacturers, as well as a Ford Motor Corporation engine plant, are expected to benefit immeasurably from access to the new deepwater port.Reducing costsBusinesses in the southern African region rely on projects like Coega to reduce logistics costs and improve efficiencies.With its central position and customs-secure zones, Coega will be an ideal site for warehousing, assembly and other logistics-related operations, while its deepwater port will offer competitive advantages to businesses in surrounding areas.The area has excellent transport networks, while world-class industrial infrastructure – including roads, rail, bulk electricity and water, sewage and hazardous waste processing facilities – is being provided.Industrial development zonesSouth Africa’s industrial development zones (IDZs) are purpose-built industrial sites linked to an international port or airport and specifically designed to attract new investment in export-driven industries.All companies investing in IDZs will receive tax incentives and duty-free benefits from the government. Each IDZ established in the country will have:A customs-secured area with its own SA Revenue Services personnel, allowing investing companies to import raw materials on a duty-free basis from foreign countries and vat-free from inside South Africa. An industrial and services area for service and supply industries supporting large manufacturers in the custom-secured area, with top-notch industrial and office park environments as well as other services. A one-stop centre to facilitate regulatory procedures and requirements.Deepwater portThe Port of Ngqura, a multi-user deepwater port on the Coega River, is being developed by the National Ports Authority of SA.Construction on the port is already far advanced, with the facility expected to be operational by the end of 2005. It will have a capacity for accommodating bigger container vessels than any of South Africa’s seven other commercial ports.With the depth of the channel and the protected position in Algoa Bay, the port is in one of the best spots for a harbour along the South African coast.A channel carved by an ancient glacier allowed the development of the port to up to 23 metres. Protected from south-westerly winds by a finger of land, the port’s bay has 330 anchor days per year.The port cater to the needs of existing and future investors in the Coega IDZ, provide a conduit to international markets – and could make South Africa the hub of all north-south and south-south sea traffic.New generation smeltersThe government has been in talks with Brazilian mining company CVRD regarding its possible involvement in the Coega new generation aluminium smelter. Some R3-billion was last reported to be needed to develop the smelter.Canadian aluminium producer Alcan remains the lead promoter of the project. Both CVRD and Alcan have aluminium smelting interests in other parts of the world.Meanwhile, a memorandum of understanding with all the major participants involved in the construction of a ferro-nickel smelter could be in place by early next year.The CDC’s Peter Inman says negotiations are under way for the supply of nickel. “Excellent progress has been made – we have been speaking to everyone who is anyone in nickels”, Inman says. “We are looking at a number of ore suppliers ensuring a good geographical spread, and reducing the risk associated with long-term supply.”Inman says the deal to supply the 3-million tons of nickel annually is of very long duration to match the project life – some 25 to 30 years.SouthAfrica.info reporterlast_img read more

Managing a sideways market with downside protection

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Weather is driving the market right now. As forecasts adjust twice a day, the market can shift direction abruptly. At this point it’s really difficult for the market to fully estimate the actual amount of stress the corn crop has sustained so far and its impact on overall future yields. Contributing to the uncertainty is the significant amount of unpriced old crop corn still in storage by many farmers, which will continue to put resistance on higher prices in the short-term. Market actionUncertain about the market direction going into summer, and with less corn than I desired to have sold for the 2017 crop, I want to make another trade. With what I know today, I expect the market to be trading sideways from here until late in November. New trades I placed:6/12/17 — Trade #1 when Sep corn futures were $3.89Expected market direction — Probably sideways with some downside potential into fallTrade Detail — Sold Sep $3.90 call for 19 centsThis trade amount = 5% of planned productionExpires  8/25/17 after the crop condition is well knownPotential Benefit: If Sep futures close at $3.90 or below on 8/25, I keep all of the 19 cent premiumPotential Concern: no downside protectionFor every penny above $3.90 I get 1 cent less premium until $4.09 and I don’t have to sell any corn. At $4.09 or higher I have to make another corn sale at $3.90 plus the 19 cent premium which would be like a $4.09 sale. Because the sale would be against Sep futures I would have the opportunity to roll the sale forward and against the Dec futures which would likely add 10 cents of profit to the trade. Thus I could have a $4.19 sale in place.6/7/17 – Trade #2 when Dec corn futures were $4Sold 2 Dec 4.00 calls and collected 29 cents each (or 58 cents total)Bought 1 Dec 3.70 put and paid 11 centsNet profit: +45 cents (after paying just under 2 cents of commissions)All trades expire the day after ThanksgivingThis trade amount = 5% of planned production is protected to the downside What does this mean?Basically I have a floor price of $4.15 and a potential price ceiling of $4.45, but the outcome varies depending on the price of Dec corn at option expiration (which is the Friday after Thanksgiving).If Dec corn is near $4.20 at expiration I get about $4.20 for my corn• Every penny corn is below $4.22 to $4.00, 1 additional cent is added on to the $4.20 price (e.g. if it is $4 exactly I take home $4.45)• Every penny corn is below $4.00 to $3.70, 1 cent is subtracted from $4.45 all the way down to $4.15 (if it is at $3.70)• Anywhere under $3.70, and I still get $4.15 (15 cents above where the market was when I placed the trade)If Dec corn is above $4.22 then I have to take $4.22 on the this sale and I have to make another corn sale at $4.22 (even if corn is $4.50 or $5)Here is graph illustrating the results of trade #2Seems like a great trade, why not do more?This trade required me to do something that I normally caution against and that is to risk having to sell two bushels to protect one bushel from downside. So while there is still the potential of doubling up a 2017 sale at $4.22, I don’t want to commitment more than a max of 10% of my anticipated production right now. Trade summaryThe bottom line is this is a sideways market trade play with some downside protection.Market trades sideways = biggest profit (the closer the market is to $4, the better)If the market goes up I get a premium that puts me on my farm’s breakeven points or betterIf the market goes down I have a $4.15 floor priceIf there is a horrible drought I miss out a on a huge price rally, but I have much more of my crop left to sell.As I’ve mentioned before, I plan my grain marketing on what I think might happen based upon what I know today and historical trends. However, I still consider all possible scenarios the market could do. The market can do three things: go up, go down, or go sideways. So when making trades I need to be comfortable with all outcomes. That’s why I always balance potential premiums on each trade against the risk I’m taking if the market goes a different direction.Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at [email protected]last_img read more

Porvoo GeoTour of Finland, GT7E

first_imgPGT 2020 – Tulevaisuus BonusMystery Cache | GC6P3B9 | D2.5 / T 2.5PGT 2020 – Tulevaisuus Bonus, GC6P3B9To obtain the coordinates for this “Bonus” cache you must solve a special puzzle poster that is located outside of Porvoo’s city center. Your final location is delightfully tucked within an out-of-the-way industrial area featuring mind-expanding graffiti art. Speaking of geocaching, just before the summer solstice, the Midnight Sun Geocaching 2019 Mega-Event will occur on June 15th. And, if you happen to be in the neighborhood even earlier, head over to Norway and attend the Vikingevent 2019 Mega on June 8th. So plan your visit well, geocachers!Special thanks to MegsKBrown for her on-location help with this blog post! Share with your Friends:More Porvoo GeoTour of Finland, GT7EFinland is known as “the land of a thousand lakes” and should also be known as “the land of thousands of geocaches” since it currently hosts 60,000 active geocaches, justifying their ranking as the happiest country in the world. 🙂But something else bumps up Finland’s geo-happiness rating, and that’s the Porvoo GeoTour, GT7E. The country’s only official GeoTour is comprised of thirteen geocaches, each highlighting a different decade in the history of Finnish independence. There’s even a cache dedicated to the future!One of the oldest cities in Finland, Porvoo was founded some 800 years ago. This idyllic small city retains much of its traditional nature, including the older buildings and cobblestone streets. Historically a center of trade due to its connection to the Gulf of Finland by the Porvoonjoki River, this area now inspires and is home for several Finnish artists.So grab your passport, always bring a pen, and let’s adventure to the Porvoo GeoTour! PGT 1950 – Mannerheiminkadunsilta 1957Traditional | GC6P3EG | D1.5 / T1PGT 1950 – Mannerheiminkadunsilta 1957, GC6P3EGThe history of the bridge in a nutshell: There used to only be one bridge, located on the eastern side of the city. The river was crossed daily on the other side of the city in rowboats. In 1948, a local company arranged a ferry for workers to the Haikka gilded frame factory and the Mekaniska Verstad machine shop. The ferry made 70 to 80 trips daily. PGT Virtual Reward – Valtiopäivätriptyykki 2009Virtual Cache | GC7BA74 | D1.5 / T1PGT Virtual Reward – Valtiopäivätriptyykki 2009, GC7BA74A rare find indeed. This is one of the few Virtual Rewards to be found on any GeoTour in the entire world. The Triptych is designed by the Porvoo artists Kirsi Kaulanen and Ylva Holländer. The piece features rich, ornamental designs full of folk art and heraldry and is divided into three sections. The northernmost wall depicts Finland, the westernmost represents Sweden, and the easternmost, Russia. SharePrint RelatedInside Geocaching HQ Podcast Transcript (Episode 15): GeoToursJune 18, 2018In “Community”Kiilopään huippu – Aslakin Taigametsä 4 — Geocache of the WeekDecember 13, 2017In “Community”The Berea Chamber of Commerce GeoTour in Kentucky, USA (GT78)November 20, 2017In “Community”last_img read more

Climate-Specific Air Conditioners

first_imgIf you live in a humid climate (for example, in Florida), you need an air conditioner that does a good job of dehumidification. But if you live in a dry climate (for example, in Nevada), dehumidification is almost irrelevant, because the outdoor air is so dry. In Nevada, all you need is an air conditioner that lowers the temperature of the air in an energy-efficient way.In theory, air conditioner manufacturers could tweak the design of their equipment to focus mainly on lowering the indoor air temperature (a process known as sensible heat removal), or they could produce equipment that devotes a lot of energy to dehumidification (a process known as latent heat removal). Unfortunately, though, air conditioner manufacturers don’t offer special equipment designed for dry climates. Instead, they sell the same equipment in Nevada that they do in Florida.Most residential air conditioners sold in the U.S. are designed to operate at a sensible heat ratio between 0.75 or 0.80. (The sum of the sensible load and the latent load is the total load; the sensible heat ratio is the sensible load divided by the total load.) If you live in a very humid climate, this sensible heat ratio might be too high. If you live in a very dry climate, this sensible heat ratio is definitely too low.John Proctor is the president of Proctor Engineering Group in San Rafael, California, and a nationally known expert on residential cooling. Proctor has always been irked by the failure of air conditioner manufacturers to address regional needs. “Air conditioners are designed and installed the same for Florida and Arizona,” says Proctor. “It makes no sense, since Florida and the Southwest have different climates and different cooling needs.”To improve the efficiency of air conditioners in dry Southwestern states, Proctor has… This article is only available to GBA Prime Members Sign up for a free trial and get instant access to this article as well as GBA’s complete library of premium articles and construction details.center_img Start Free Trial Already a member? Log inlast_img read more

Video: Clemson Fan Cries After Getting Orange Bowl Tickets For Christmas

first_imgA Clemson fan gets Orange Bowl tickets.clemson fans orange bowl ticketsClemson, the No. 1 seed in the upcoming College Football Playoff, hasn’t had the chance to play for a national title in a very long time. As such, we imagine that the gift you’ll see below is a popular one in Tigers fans’ homes Friday morning.The Piedmonts apparently came up with a clever way to give a member of the family her Christmas present. When she opened an orange bowl, it signified that she’d be attending next week’s Orange Bowl contest between Clemson and Oklahoma. Of course, tears flowed.The video was posted by Greg Piedmont on YouTube. Check it out:Will there be more tears of joy after a win? We’ll find out in less than a week.last_img read more

Stars To Attend Race To Erase MS Gala

first_imgThe 23rd Annual Race to Erase MS Gala will take place on April 15 benefiting Race to Erase MS and its “Center Without Walls” program which continues to raise funds in order to provide treatment and ultimately find a cure for MS.Guests will be able to participate in a silent auction before enjoying a dinner gala featuring live musical performances by KISS, Jordan Smith, and more. ALEX AND ANI’s Carolyn Rafaelian will be presented with the Race to Erase MS “Medal of Hope” Award. The evening will also include a one-of-a-kind live auction featuring fabulous vacation getaways and experiential packages.Special hosts for the evening include Sharon Osbourne, Jack Osbourne, Jamie-Lynn Sigler, and LL Cool J. Additional guests include Mark Ballas, Garcelle Beauvais, Wendy Burch, Francesca Capaldi, Christine Devine, Carmen Electra, Emblem3, Frances Fisher, Clementine Ford, Marg Helgenberger, Allison Holker, BC Jean, Cobi Jones, Larry King, Robert Knepper, Ali Landry, Ross Matthews, AJ Michalka, Aly Michalka, Megan Nicole, Naya Rivera, Johnathon Schaech, Cybill Shepherd, Jojo Siwa, Lea Thompson, Anna Trebunskaya, Aisha Tyler, Louis Van Amstel, Clay Walker, Diane Warren, Dave Winfield, and many more.WHEN: Friday, April 15, 2016WHERE: Beverly Hilton9876 Wilshire Blvd.Beverly Hills, CA 90210Find out more here.last_img read more

5 things to watch for Ohio State v Florida AM

5. How many points with OSU score?The Buckeyes are averaging nearly 45 points a game so far in 2013, while the Rattlers are only putting up an average of 18 a game. OSU’s young defensive players are improving with every game, and against a FAMU offense that has been struggling, Miller and company should get plenty of possessions. How much Meyer forces the issue offensively against the Rattlers will be vindictive of how much OSU visits the end zone, but scoring more than 50 points again is certainly not out of the realm of possibilities. 3. How much playing time will Braxton Miller get?Arguably the biggest storyline heading into Saturday is whether junior quarterback Braxton Miller or redshirt-senior Kenny Guiton gets the starting bid to lead the Buckeye offense. Meyer said Miller will play a limited role against FAMU, but it will be interesting to see how it figures into the equation against a Football Championship Subdivision team. Guiton has led OSU to a pair of wins in his absence, playing well enough to be named the Walter Camp Offensive Player of the Week after his performance against California. Meyer said his backup “has earned some time,” and in a game OSU should win, it is likely that keeping Miller out of harms way will be a top priority for the coaches. 4. Will OSU take this game seriously?After winning a primetime game last weekend at Cal, the Buckeyes return home for a noon matchup against the Rattlers. With another night game on the horizon just a week later when conference rival Wisconsin comes to Columbus, OSU’s focus on taking care of the task at hand is worth watching. Redshirt-senior safety C.J. Barnett said the team has all of their focus on FAMU, but if the Buckeyes score early and often Saturday, Meyer and company may have to work to keep them locked in to close out the victory. Redshirt-junior cornerback Bradley Roby warms up before a game against California Sept. 14 at California Memorial Stadium. OSU won, 52-34.Credit: Eric Seger / Sports editor1. The return of Carlos HydeAfter serving a three game suspension for his involvement in an incident at a Columbus bar in July, senior running back Carlos Hyde is set to make his return against Florida A&M. Hyde rushed for 970 yards and 16 touchdowns in 2012, and was set to return as Ohio State’s top running back heading into the year. While Hyde was serving his suspension, redshirt-senior running back Jordan Hall stepped up in a big way, and will start against Florida A&M while Hyde is left on the bench. Coach Urban Meyer has said he does not know who will be getting the majority of carries, so both backs are heading into the game shrouded in some mystery. Other running backs like freshman Dontre Wilson and redshirt-junior Rod Smith may see a reduced role compared to previous weeks because of Hyde’s return to the field. 2. Can Bradley Roby bounce back?Redshirt-junior cornerback Bradley Roby is typically a rock for the OSU secondary and is considered one of the top defensive players in the country. But against California he was burned by the speedy Golden Bear receivers, allowing two touchdowns in his first start of the season. After serving a one game suspension to start the year for his involvement in an incident at a Bloomington, Ind., bar this summer, Roby made a triumphant return against San Diego State the week before, but seemed to be in a funk against Cal. With the Big Ten schedule looming, Roby will need to be at his best if the Buckeyes are going to achieve their National Championship goals for the season. Playing well before next week’s date with Wisconsin Sept. 28 will be vital for Roby’s (and OSU’s) defensive confidence. read more