Welcome Amazon for new prosperity

first_imgIt’s been quite some time since I submitted to this page. Having read the Sara Foss Oct. 22 column, “We don’t need Amazon,” on the remote possibilities of acquiring the much-sought-after Amazon Headquarters for the Capital Region, I felt it was time.It was enlightening to find out, there was indeed a new threat to be concerned about, other than the oft-dreaded Republicans. Should this headquarters come to pass, a new invasive species would arrive, the “middle class-youthful techie.” These creatures will drive up housing prices and bring phenomena not seen in these parts since the wistful days, when GE ruled the landscape: prosperity. More from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesSchenectady, Saratoga casinos say reopening has gone well; revenue down 30%EDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Beware of voter intimidation Categories: Letters to the Editor, Opinioncenter_img When I served on the Schenectady City Planning Commission, we were told we told we needed to attract these creatures. Yet, another myth exploded.The column further warns on the hazards of turning over the region to become a “one company” town. After all, it says The Gazette is not privy to the proposed obscene costs to the taxpayer. It’s as if the writer didn’t notice “marble palaces of taxation” dotting the landscape in Albany.These bastions of government have spit out one “non-working, feel good” program after another for decades, burying municipalities with unfunded mandates. Clearly this Amazon thing would be a competitor.Yuck. Prosperity, who needs it.Frederic LeeSaratogalast_img read more

Read More →

Indonesia’s retail sales, consumer survey point to bleak economic recovery

first_imgThe government has been campaigning heavily for the “new normal”, asking people to wear masks and wash their hands regularly, among other measures, to save the economy, which is expected to contract 1.1 percent this year or grow just 0.2 percent. It has allocated Rp 695.2 trillion (US$46.94 billion) stimulus to boost the economy despite slow disbursement progress.“The indicators show that Indonesia’s economy has yet to recover significantly and could potentially shrink again in the third quarter,” Bank Permata economist Josua Pardede told The Jakarta Post.The government, he went on to say, should focus on controlling the coronavirus pandemic and “try to flatten the COVID-19 curve” to increase confidence among the public, particularly the middle- and upper-income class, which contributed to 80 percent of domestic consumption.Mirae Asset Sekuritas Indonesia economist Anthony Kevin voiced a similar view, saying the indicators were the latest sign that the economic recovery was slower than previously expected.“We expect people’s purchasing power to remain weak if disbursement of the government’s social protection program continues at the current pace,” he told the Post, adding that expediting government spending would be key to prevent a more severe economic contraction.He expects the economy to shrink by around 2 to 2.5 percent in the third quarter, worse than previously expected, as domestic consumption could not recover strongly as the coronavirus pandemic looms.The government, meanwhile, predicts the economy to shrink 2 percent at worst or post flat growth at best in the third quarter, expecting full-year contraction of 1.1 percent at worst this year. Topics : Indonesia’s retail sales fell again in July as consumers were still pessimistic, Bank Indonesia (BI) announced, as economists believe that indicators are showing signs of weak economic recovery in the third quarter this year.Retail sales in Southeast Asia’s largest economy fell 12.3 percent from a year earlier, a smaller drop than the previous month’s 17.1 percent contraction, a central bank survey found on Wednesday. The BI survey predicted retail sales in August to fall 10.1 percent from the same month last year.Indonesian consumers remained pessimistic in July and August as the coronavirus-induced layoffs earlier this year eroded people’s confidence in the economy, according to a consumer confidence index (IKK) survey by BI.center_img “Consumer confidence improved slightly in August amid rising confidence about income, job availability and purchase of durable goods,” the central bank said in the survey. “Consumer perspective on income and job availability continued to improve compared to the previous six months, in line with rising economic activity after large-scale social restrictions [PSBB].”The index improved to 86.9 in August from 86.2 in July. An IKK value above 100 reflects general hopefulness, while a value below 100 signifies pessimism.As Indonesian consumer perspectives rose in July and August compared to the slump in the second quarter, there were improvements in purchases of food, beverages and tobacco in July, according to the survey of around 700 retailers across 10 major cities.Indonesia’s economy shrank 5.32 percent in the second quarter as all components of economic activity fell for the first time since the 1998 Asian financial crisis amid PSBB implemented by regional administrations to curb the virus spread, forcing people to stay at home.last_img read more

Read More →

Unai Emery rates Arsenal’s top four chances after Chelsea slip up against Burnley

first_img Emery previews Wolves game as Gunners make last push for top fourTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 14:21FullscreenEmery previews Wolves game as Gunners make last push for top fourhttps://metro.co.uk/video/emery-previews-wolves-game-gunners-make-push-four-1910990/This 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.‘Maybe that can happen in the next matches. We will prepare to win but we can win, draw or lose. The first situation for us is in our hands if we win, but then we’re going to play difficult matches.‘Chelsea v Burnley at home was a difficult match and we were thinking they were going to win, but they were playing against a very strong Burnley side, it was a very tough match and the result was a draw.‘We want to be intelligent and consistent in 38 matches. Sometimes, one draw can be the way.’More: Manchester United FCRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseEx-Man Utd coach blasts Ed Woodward for two key transfer errors Advertisement Unai Emery rates Arsenal’s top four chances after Chelsea slip up against Burnley Comment Eden Hazard was unable to inspire Chelsea to a win over Burnley on Monday (Picture: Getty)Unai Emery remains confident Arsenal can secure Champions League qualification but admits Chelsea’s failure to beat Burnley on Monday should act as a warning to his side.Arsenal missed the opportunity to move into third place on Sunday after Crystal Palace became only the second visiting team to win at the Emirates this season.Emery’s side were let off the hook, to a degree, after Tottenham and Manchester United both lost over the course of a highly eventful weekend, while Chelsea were unable to take maximum points against Burnley at Stamford Bridge.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityArsenal travel to Wolves on Wednesday, a side which boasts an excellent record against the top six this season but Emery is positive his team can get its season back on track at Molineaux.AdvertisementAdvertisementADVERTISEMENT‘Yes,’ he said when asked if Arsenal would finish in the top four. ‘It also depends on other teams’ results.‘At the beginning it’s in our hands if we win. We want to be intelligent. On Sunday, we didn’t win but maybe today we can say that one point was important on Sunday. Metro Sport ReporterTuesday 23 Apr 2019 4:49 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link493Shares Advertisementlast_img read more

Read More →

BLOG: Watch Governor Wolf’s Budget Update (VIDEO)

first_img June 28, 2016 Budget News,  The Blog,  Videos Watch Governor Wolf’s ‪budget‬ update and find out how the governor is continuing to work with the legislature to achieve his three budget priorities: funding our schools, fighting the opioid crisis, and balancing the budget. By: The Office of Governor Tom Wolf BLOG: Watch Governor Wolf’s Budget Update (VIDEO)   SHARE  TWEET Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf SHARE Email Facebook Twitterlast_img

Read More →

Half of UK schemes set to insure risk as market momentum continues

first_imgAs the UK bulk annuity market topped a record £12bn in 2014, the survey, published by insurer Legal & General (L&G), found 67% of those schemes looking to use a longevity contract would do so within five years.In comparison, 53% of schemes planning to use a bulk annuity contract said they would operate on a much longer time-horizon of more than five years, while one-third of schemes are thinking more than 10 years down the road.Despite the significant growth seen in pension scheme insurance products, of the 64% set to enter the market, more than a half have yet to speak with a provider, as one-fifth received a quote and decided not to proceed.Last year saw record deals in all three insurance products as the ICI Pension Fund secured a £3.6bn buy-in, TRW Pension Scheme arranged a £2.5bn buyout and the BT Pension Scheme transferred £16bn of longevity risk to Prudential Insurance Company of America.L&G estimated £1trn of UK pension liabilities would be available for potential insurance products as the bulk annuity market undergoes expansion following on from the Budget impact on the individual annuities market.Tom Ground, head of bulk annuities and longevity insurance at L&G, said: “The increased demand for insurance de-risking from the UK’s largest pension schemes is clearly evidenced by the transactions completed [in 2014].“Larger schemes have historically paved the way in the market, particularly on investment strategies, with similar approaches then being adopted across the rest of the market.”The survey also found 67% of pension funds had already implemented a liability-driven investment (LDI) strategy, with an additional 20% looking to do so within the next five years.Despite this, pension funds identified multi-asset strategies as the main area of growth within the next 10 years, followed by government bonds and LDI.Emma Watkins, partner at consultancy LCP, said while the report demonstrated the appetite for insurance contracts among UK pension funds, capacity was the issue.LCP analysis showed that, if half of the pensions reportedly interested in securing a bulk annuity deal in five years insured half their liabilities, insurers would need to provide around £25bn of capacity a year.“This represents a significant increase from 2014, which saw a record £12bn bulk annuity premium written,” Watkins added.KPMG previously reported it expected the bulk annuity market to reach £20bn a year by 2020, as insurers increase longevity exposure in the wake of a reduction in the individual annuity market.In the aftermath of last year’s Budget, IPE reported that two insurers expected to increase writing capacity, with the removal of compulsory annuitisation forcing some providers into dramatic business model changes.L&G’s research comes as the ScottishPower Pension Scheme announced a £2bn longevity risk contract with Abbey Life, a UK insurer.Read Taha Lokhandwala’s analysis of the UK bulk annuity market in the aftermath of the BudgetRead about LCP’s study on the pricing power balance between UK pension funds and longevity insurance and bulk annuity providers Close to half of UK pension funds are set to undertake an insurance contract covering liabilities within the next five years as the solutions market’s growth continues apace.Two-thirds of pension funds said they would incorporate a bulk annuity deal or longevity insurance into their long-term plans, as 36% aim for self-sufficiency using a buy-in contract.A survey of 40 UK pension funds with around £200bn (€270bn) in liabilities found 11% were aiming for a full buyout, where pension funds transfer all liabilities and assets to an insurer.Some 17% aim for self-sufficiency using a longevity insurance contract, while 28% have no intention of using insurance products in their long-term plans.last_img read more

Read More →

Home workers dream of a better life in Byron Bay

first_img At home workers are dreaming of a home in Byron just like 6 Burrawan Place.Braden Walters of Belle Property Byron Bay – Lennox Head said interest in the property had been phenomenal, with almost 200,000 online views in seven days, 145 email enquiries and 1000 viewers having saved the property to their watch-list on realestate.com.au. “I think everyone is at home dreaming about coming out of self-isolation and where they want to live,” he said.“It is just the idyllic Byron hinterland home. When people in Brisbane, Gold Coast, Sydney and Melbourne dream about moving to Byron, I think this is the kind of home they expect to move into.”“A lot of the buyers I’ve been talking to are working from home and living in apartments. They’re saying, if we can now work remotely why not live in a better place?” Working from home wouldn’t be so bad at 71 Lilli Pilli Drive, Byron Bay.The interest in Byron Shire property comes despite the popular coastal town last week being flagged by NSW Health as a COVID-19 red zone, with 16 cases of coronavirus infection which, although low in comparison to major cities, is more than any other northern NSW council. 6 Burrawan Place, Bangalow was the most-viewed property across Australia last week.A four-bedroom home on a .1334ha block in the Byron Shire town of Bangalow, 1.5 hours from the Gold Coast, was the most-viewed residential listing on realestate.com.au across Australia last week.Described as a private oasis with vast outdoor spaces and a relaxed coastal design, 6 Burrawan Place is up for online auction this Friday at 6pm, with an early bid of $1.3 million under the reserve. First-time buyers strike in COVID-19 window Aussies are dreaming of an idyllic Byron lifestyle at 6 Burrawan Place, Bangalow.Aussies working from home are dreaming of a better life in regional towns such as Byron Bay where multi-million dollars homes are among the most-viewed properties over the past week.New data from property listing website realestate.com.au reveals a higher than normal level of enquiry for regional areas across Australia during March, as people adjust to working from home and seek more space outside of city centres amid the COVID-19 experience.Wollongong, Port Macquarie and Orange topped the list, while locally Tweed Heads and Byron Bay were also in the top 10. 71 Lilli Pilli Drive, Byron Bay was among the most-viewed properties in NSW.Life would indeed by grand at 7 Lilli Pilli Drive, Byron Bay, which was also among the top 10 most-viewed properties in NSW last week with a price guide of $2 million to $2.2 million. The newly-built designer home is set on an 840sq m block at the end of a quiet cul-de-sac and features 5.4m cathedral ceilings, reclaimed timbers, a heated pool and self-contained studio. Lofty ceilings add to the appeal at 6 Burrawan Place, Bangalow.Nerida Conisbee, realestate.com.au Chief Economist, said that although the loss of tourism is bad news for many parts of Australia right now, a shift in remote working could mean a big boost for many regional areas in the long-term.“This forced working from home has resulted in many positive outcomes for both employees and employers. Once the economy opens up again, it is likely more people will be able to work remotely.“Regional areas are set to benefit from people being able to more easily work from home. Before the COVID-19 pandemic, most Australians were required to live in capital cities to be close to employment but moving forward we may see more people interested in a sea or tree change. “There are so many great regional places to live, Northern Rivers included. Many parts of the Northern Rivers are far more affordable than capital cities and you can often get a bigger home on a big block for far less. More importantly, regional areas offer a great lifestyle.”More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago MORE NEWS: Designer home wows on ‘Little Hedges Ave’last_img read more

Read More →

Magseis Fairfield enters new node crew lease deal

first_imgMagseis Fairfield, a provider of ocean bottom seismic (OBS) technology and data acquisition projects, has signed a new node crew lease contract in the Asia Pacific region.The company said on Friday it had signed a 2-3 months contract for the lease of a MASS I node crew to a client in the Asia Pacific region.The contract includes nodes, containerized automated handling system, and service personnel, Magseis Fairfield added.It will start in the fourth quarter 2019 when the nodes are released from an ongoing survey in the North Sea.In related news, Magseis Fairfield has recently appointed Carel Hooijkaas as its new Chief Executive Officer effective October 1, 2019, succeeding Per Christian Grytnes who will retire from the company.Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

Read More →

Arsenal, Marcombe Starlets Want Nigeria Action

first_imgThese are truly interesting times for Nigerian football as it seems every Nigerian born player in the Diaspora wants to identify with the country’s national teams.The latest are the duo of Arsenal U18 goalkeeper, Ovie Prince Ejeheri and Marcombe of England midfielder, Adeyinka Giwa. Both players spoke through their Manager, Segun Jegede of Utmost Sports, a sports marketing firm based in London.Ejeheri, who is just 16, has been a regular face between the sticks for the Gunners U18 and says he desires to play for Nigeria at the next U17 World Cup, even though he was born and bred in England. He was quoted as saying, “My spirit is with the Nigerian national team and I want to start with the Golden Eaglets and also study the pattern and players in the team. I hope I will be given the chance to come and prove myself”.On his part, Giwa, who is the star midfielder at England Second Division side Marcombe FC, also said he will be too glad to don the colours of the Nigerian national team because it has always been his dream to do so.Hear him: “I cannot wait to come and mix with my kiths and kin in Nigeria, even if I was born here in England, my mind is always at home and anytime they play, I make time to ensure I watch the teams at all levels”.The duo say their clubsides will be ready to let them go and play for their fatherland, anytime invitations are extended to them officially.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Read More →

Hometown hero Wilkes makes key interception, represents potential recruiting gains from SU’s win

first_img Published on October 10, 2010 at 12:00 pm Comments TAMPA, Fla. — Jeremi Wilkes was the last to run off the field. Pumping both hands in the air after the Syracuse defense’s final stop, he considered the personal magnitude of the moment. Wilkes grew up about eight miles away from Raymond James Stadium. ‘Oh, man,’ Wilkes said of running off the field following that last stop. ‘It’s a great emotion. Growing up, I used to live right down the street. … It’s big to come out here, and my family has been supporting me ever since I was a kid, so it was huge.’ With an interception in front of where his parents were sitting, Wilkes symbolized the hometown hero. With that pick and three more tackles, he symbolized the defense’s dominance throughout the day. And both of those elements combined to symbolize the potential inroads Syracuse has made in Florida recruiting with its 13-9 victory over South Florida. Personally, Wilkes made one of the game’s most prominent plays with a third-quarter interception of B.J. Daniels. On a USF third down, Wilkes picked off Daniels’ pass and returned it 24 yards to the SU 37-yard line. ‘It was great,’ Wilkes said. ‘Having a big pick right in front of my parents, it was definitely big. I was just happy that I got an opportunity to get out there and do that.’AdvertisementThis is placeholder text Wilkes is also one of 12 members of the Orange who hails from the state of Florida. In the week leading up to the matchup, SU head coach Doug Marrone talked about how important a win could be to make even more of a splash recruiting in the state. And after the game, with a win, Marrone was excited at the show the Orange put on for recruits at the stadium. ‘You go out, you open up on the road in the Big East, and you beat a team that you’ve never really come close to beating in the previous five years,’ Marrone said. ‘It’s a recruiting area for us. All those things help us. They help us get closer to our goal, realizing we haven’t achieved that yet.’ The other side Sam Barrington put it bluntly. When asked about Syracuse’s 98-yard scoring drive and what USF could do to improve on the defensive side of the ball, it was all too simple. ‘Just overall, a better defense,’ said Barrington, a sophomore linebacker for USF. ‘Hold them to zero. That’s the only thing I would change. Hold them to zero.’ On the other side that contrasted SU’s raucous, jubilant locker room was the Bulls’ sullen collective mood after giving away a game they thought they should have won. Now USF has a short turnaround as it prepares to face West Virginia on Thursday. For USF defensive end Craig Marshall, the 98-yard drive stung. Much more so because he was a part of the methodical tearing apart of the Bulls’ defense by Ryan Nassib and the rest of the SU offense. ‘You aren’t letting anybody drive on you, whether its 50 yards, 20 yards, whatever drive it is,’ Marshall said. ‘The ones where they drive the length of the field are the ones that hurt. You practice this every day, day in and day out, and for them to be able to do that is demoralizing for the defense. We have to go back and try and correct it.’ This and that SU running back Delone Carter moved into ninth on the all-time career Syracuse rushing list, passing the legendary Ernie Davis on Saturday. He finished the day with 26 carries for 105 yards. … Saturday’s win was Syracuse’s first win in a Big East opener since 2007. … The Orange’s four sacks tied a season high. … Kicker Ross Krautman continued his solid season performance thus far, going 2-for-2 from 31 and 41 yards, respectively. He’s now 6-of-7 on the season. … When senior defensive tackle Anthony Perkins blocked an extra-point attempt in the third quarter, it marked the first time since 2007 Syracuse blocked a PAT. bplogiur@syr.educenter_img Facebook Twitter Google+last_img read more

Read More →