FacebookTwitterLinkedInEmailPrint分享Bloomberg:It’s almost as if the last decade never happened for investors of Exxon Mobil Corp. shares.Once the gold-standard of Big Oil, the stock closed Monday at its lowest since October 2010, amid a slump in oil prices due to concerns about weak demand coupled with a glut. The S&P 500 also posted its worst one-day decline since October.But for Exxon, which dropped out of the index’s top 10 largest companies by market value for the first time last year, the malaise runs deeper than the state of the crude market.Chief Executive Officer Darren Woods is running a counter-cyclical strategy by investing heavily in new oil and gas assets, at a time when many investors are demanding energy companies improve returns for shareholders. Some shareholders are even demanding a plan to move away from fossil fuels altogether.Exxon is ramping up capital spending to more than $30 billion a year, without a hard ceiling, as it develops offshore oil in Guyana, liquefied natural gas in Mozambique, chemical facilities in China and the U.S. Gulf Coast, as well as a series of refinery upgrades. Woods is convinced the world will need oil and gas for the foreseeable future and sees an opportunity for expansion while competitors shy away from such long-term investments.The short-term cost of those investments is that Exxon can’t fund dividend payouts with cash generated from operations, instead resorting to asset sales and borrowing, according to Jennifer Rowland, an analyst at Edward Jones & Co. Exxon is the “clear outlier” among Big Oil companies on that front, she said. Exxon declined to comment.[Kevin Crowley]More: Exxon at a 10-year low shows challenges for oil’s biggest major ExxonMobil stock falls to lowest level since 2010
Yesterday’s mid-week programme at Caymanas Park was dominated by outsiders, so much so that there were carry-overs in all the exotic bets.The first Super-6 had no takers, resulting in a $1.2 million carry-over to Saturday’s Front Runner-sponsored meet, while the twilight Super-6 also eluded punters, offering a $2.4 million carry-over to Saturday as well.If that wasn’t enough, the Pick-9 proved elusive, with only one person good enough to spot seven of nine winners to win a $137,000 consolation prize, leaving a million-dollar carry-over, while the same were true of the Pick-4, Place Pot 8 and Hi-Five embracing the closing race.With no trophy race at stake on the nine-race programme, four jockeys shared the honours with two winners each.They were former champions Wesley Henry (Dragline, Silver Slippers) and Dane Nelson (Meet Justin, Conclusion), as well as Ameth Robles (Dutchrow, Malachi) and the 3.0kg claiming apprentice Andre Powell (Traditional Storm, Turbo Machine).MANY FAVOURITES FELLThe Enos Brown-trained SILVER SLIPPERS at 1-4 in the fourth race over 1100 metres for maiden four-year-olds and up was the only favourite to oblige, as other top heavy favourites such as BRAVE PROSPECT, FIVE STAR, FIERY PATH, DUSSELDORF and MANDEYA fell like nine pins on the afternoon.Upsets were provided by MEET JUSTIN at 17-1, TURBO CHARGE at 11-1, MALACHI at 9-1, CONCLUSION at 7-1, MARKOFAPRINCE at 6-1 and the improving TRADITIONAL STORM at 5-1, the latter making most in the fourth race over 1400 to make it two in a row.Saturday’s programme will feature phase two of the Front Runner Racing Series (sponsored by Newport Mills) for three-years olds in two races – the Hot Line Stakes for native bred fillies over 1200 metres and the Sir Howard Stakes, again over 1200 metres for colts and geldings.The annual renewal of the valuable Kings’ Plate over 1400 metres for open allowance horses will also be run.
Met Eireann has issued a status yellow wind and rain warning for Donegal from 9am tomorrow to 6am on Friday morning.Donegal County Council’s Severe Weather Assessment Team has been meeting in response to Storm Lorenzo and will continue to monitor local conditions closely as the storm progresses.The public is being asked to be vigilant with regards to falling trees and debris. Trees are mostly in full leaf, so even moderate strength winds can bring down weakened trees and/or tree limbs. Heavy rain, coupled with falling leaves may block drains and gullies, leading to surface flooding and property owners and occupiers are being asked to check drains and gullies for potential blockages.Sea surges are forecasted along the West coast from the southwest coast up to Donegal of .6m to 1m and the public are being asked to be extra vigilant along the coast.The Irish Coast Guard is advising the public along coastal areas to ‘Stay back, stay high and stay dry’.The Council is asking property owners and occupiers of properties in areas susceptible to coastal flooding to be vigilant. Motorists are being asked to take extra care while driving during stormy weather and to be extra vigilant of cyclists and pedestrians and to be mindful of the risk of falling trees and debris.There is also a risk of power outages and the public are being asked to be prepared and to check on elderly or vulnerable family and neighbours to make sure they are safe and warm.Donegal County Councils Severe Weather Assessment Team will continue to monitor the situation and all Council Services are in a state of readiness as is the norm.The Council can be contacted during normal business hours on 074 91 53900 and in the event of an out of hours emergency the Council’s Road Service can be contacted on 074 91 72288. For emergencies requiring the assistance of the Fire Service call 999 or 112.You can keep up to date on conditions by signing up for free alerts to your phone by registering at www.mapalerter.com/donegal or by following Donegal County Council on Facebook or on Twitter @DonegalCouncil. Council warns public of falling trees and flooding during Storm Lorenzo was last modified: October 4th, 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)Tags:councilfloodPublicStorm LOrenzotreeswarnings
Ryan Nelsen has told New Zealand newspaper The Press he is looking forward to being reunited with Mark Hughes at QPR.Hughes signed Nelsen for Blackburn, where the defender spent seven years before agreeing a short-term deal with Tottenham at the end of January.Confirming that he has agreed a one-year contract at Loftus Road, New Zealand captain Nelsen, 34, said: “I owe him [Hughes] pretty much everything. He gave me my chance.“That was a big factor. I know Mark and his staff really well, and they all really helped me when I was first over here in England, so it’s nice to go full circle towards the end of my career.“Hopefully, I can still help them [QPR] out. They’ve got a lot of ambition – it seems like it’s going to be a good fit.”See also: Nelsen agrees move to Loftus Road (15 June)Follow West London Sport on TwitterFind us on Facebook
Many Chelsea fans on Twitter were scathing in their criticism of Nemanja Matic after the 0-0 draw at Watford.Matic was outstanding for the Blues last season but his poor form this term continued at Vicarage Road.Many fans believe the Serbian’s midfield partnership with John Mikel Obi does not work and that Eden Hazard should have been brought on earlier in the match.Matic-Mikel… Both liabilities, both casually jogging around,both 5 yards too slow & both only play passes that put others in trouble #cfc— Thomas David Page (@TDP182_Official) February 3, 2016Matic takes too many touches to turn. Sometimes 4,5,6 touches of the ball to go forward. Too slow with the front players we have #cfc— Charlie Bickell (@cbicks09) February 3, 2016Matic didn’t start. He was just on the pitch #CFC #RAT— Devendra. (@_ChelseaHolic) February 3, 2016If Hazard had replaced Matic earlier, we would have won this game. #CFC— Dr Kelly (@KelechiNwagwu) February 3, 2016Matic has totally not improved after his first season back, he has gotten worse… Just won’t cut it with his lousy style and drag. #CFC— X! (@iamjaydax) February 3, 2016i’ve got to confess,pathetic play today.We needed Hazard from the start.Matic’s season is long gone.#CFC— david muiru (@davidmuiru2) February 3, 2016What’s Hiddink thinking?! Hazard should of started! And Matic off instead of Mikel?! Seriously! #CFC— Taay Wynn (@TaayWynn) February 3, 2016And the coach should have removed that one legged matic at half time. #CFC— Akinsola Ayodele (@aydtinza1) February 3, 2016How bad is Matic this season though? 😐 #CFC— Jacob J Kimberley (@JakeJK93) February 3, 2016We got to sell Matic to a Chinese club. #cfc— Adams Muyiwa. (@Adamsmuyiwa) February 3, 2016Sell Oscar to Juve. Bring in Barkley. Sell Matic to whoever wants him bring in Alli. Sell Costa and bring in Benzema.— London’s Finest (@ZiggaZaggaCFC) February 4, 2016We should terminate the contract of Matic asap— Chels. (@ThatMunichNight) February 4, [email protected] I wish Guss would stop paring Matic and Fabrgas there would be winning for Chelsea. Also the late sub for hazard inhibit CFC win.— Igemokha Andrew (@Freemanluvu) February 4, 2016Chelsea would have won the had Guss Made the right sub earlier. Using Matic till finish isn’t the good choice for winning the game.— Igemokha Andrew (@Freemanluvu) February 4, 2016Matic has been so bad, but it’s obvious his focus is elsewhere. Doesn’t seem too bothered to be on the pitch— The Bridge (@finest_london) February 4, [email protected] Both Mikel & Matic can not play together if you want to win a game. It is either Mikel/Fabregas or Matic/Fabregas.— bay2gudt (@alanbay78) February 4, 2016Many Chelsea supporters are convinced youngster Ruben Loftus-Cheek deserves a run in the side instead of Matic.how poor was Matic tonight ? Would have lost nothing starting with RLC #cfc #matic— Col (@colincheam) February 3, [email protected] #Disappointed Poor team selection and misplaced tactics.Baba and Azpi at the back.Loftus Cheek NOT Matic #cfc #ktbffh #cfcfamily— MUREHWA (@carryn_mdumani) February 3, 2016When will Hiddink realize that RLC is a much better option than Matic in that midfield. Our midfield was kinda just static tonight. #CFC— Phemmy ‘Dare (@PhemmyBest) February 3, [email protected] how Oscar is getting in ahead of kenedy, and matic is playing instead of RLC is beyond me #CFC— Josh Dixon (@JADixon94) February 3, 2016Mikel and Matic not at their best, would have liked to see RLC given 45. #CFC— Mark Bonner (@1968bonner) February 3, 2016I would drop Matic start Rubén on Sunday. #cfc— Charlie Bickell (@cbicks09) February 3, 2016Follow West London Sport on TwitterFind us on Facebook
By adopting the lotus position, the glass in your windshield may become so water-repellant you won’t need windshield wipers. That’s what an Ohio State press release says: “Ohio State University engineers are designing super-slick, water-repellent surfaces that mimic the texture of lotus leaves.” The leaves of the lotus, or water lily, are covered with microscopic bumps that resist water stains. Soon we may have self-cleaning glass. Everyone but the window-washing industry should be pleased.How many generations of water lilies had to drown till the right combination of lucky heritable mutations came along? The simplest things about plants and animals are sometimes just as noteworthy as the dazzling ones.(Visited 6 times, 1 visits today)FacebookTwitterPinterestSave分享0
6 February 2013Anglo American and Anglo American Platinum (Amplats) are “totally committed to ensuring a sustainable platinum business for the future – for the benefit of all stakeholders,” outgoing Anglo CEO Cynthia Carroll said on Tuesday.Speaking at the 2013 Investing in African Mining Indaba in Cape Town, Carroll referred to the South African government as partners, saying a “defining context for the relationship between Anglo American and its partners in the months ahead will clearly be the consultation process in relation to our platinum restructuring proposals”.While a conference platform was not the place to conduct such consultation, she wished to “make the position clear” on a topic that had attracted so much media coverage.“The critical starting point is that the boards of Anglo American and Anglo American Platinum are totally committed to ensuring a sustainable platinum business for the future – for the benefit of all stakeholders.”It was a business in which Anglo planned to invest R100-billion over the next decade.‘This is an industry in crisis’“But to do that we must make the changes necessary to make the business sustainable. We need to recognise and tackle the enormous economic challenges the platinum sector faces. This is an industry in crisis.”Demand for platinum had dropped, and there was no sign of respite in the near-term future. At the same time, labour, energy costs, and other input costs had continued to rise relentlessly.“As a result, margins have been squeezed dramatically and the sector has not been earning adequate returns. This is an unsustainable position. ”On Monday, Amplats, the world’s largest platinum producer, reported a headline loss of R1.47-billion for 2012, a fall of 141 percent from the year before. It also announced that it would not be paying a dividend.The loss has been attributed to, among other things, the unprotected wage strikes that rocked the company’s South African mines last year.Restructuring ‘a necessity’Amplats has announced plans to retrench 14 000 workers, but recently postponed these in order to holds talks with government and labour.Carroll said that Amplats had to be restructured to make it viable for the future – and to protect over 45 000 jobs. The question of how to restructure was one that required consultation with all stakeholders.“As you know, we have made our proposals public – as we are required to do as a listed company.“We are targeting to create at least as many jobs as the 14 000 that may be affected by the restructuring. And that is on top of a target to re-deploy 9 000 of the employees who may be affected.”‘Totally serious’ about creating jobsCarroll said Anglo was “totally serious” in its intent to create jobs.“We will provide high-quality training, as soon as it is needed, to enable employees to benefit from the re-deployment (sic) and new job opportunities we will create.”She said restructuring was always painful and difficult.“We value the opportunity to engage with our partners. Over the next 60 days, we will work collaboratively with the Department of Mineral Resources and the trade unions to explore the way forward.“And after that, the formal Section 189 consultation will resume for the following 60 days.“In addition, we will continue to be active participants in the MIGDETT [the mining growth, development and employment task team] discussions about the challenges facing the platinum sector as a whole.“These are all important processes, which we are approaching with good faith and with serious intent,” Carroll said.Sapa
Earlier this week, the NCAA officially issued a rule change to ban college football players from wearing “crop top” jerseys (tucking their jerseys into their pads to expose their midsection) during games. This most notably affects Ohio State running back Ezekiel Elliott, who popularized the look during the Buckeyes’ College Football Playoff run.Well, it looks like Ohio State fans are trying to strike back. A few have started a petition on change.org to block the NCAA from the rule change. They’ve already got over 5,500 signatures – and the official support of Elliott himself. Earlier this week, Elliott’s father jokingly tweeted that he is going to wear a crop top jersey himself in the stands at games next year.We’re not sure if this petition is going to get the job done, but it makes it clear that Ohio State fans aren’t happy. [GameDayr]
“I should be making $80,000 per year.” I had arrived early at the local middle school for our weekly pickup basketball game, and was casually shooting baskets and chatting with the only other early bird, a youthful Vermont State Trooper. “But when I finished the academy, New York had a hiring freeze, so I came to Vermont to get a job. Vermont only pays me $70,000”, he said. I found it curious that he would share such private information, since we had just met five minutes ago. But my thoughts quickly turned to his earnings. Earlier in our conversation, he had said he’d only been a cop for two years and went to the academy straight from college. That, along with his boyish appearance, suggested that he was no older than 25. Given that Vermont is the second-safest state in the country, and the sleepy ski town in which I reside is probably the safest place in Vermont, I wondered why this real-life Super Trooper earned so much. Then again, maybe I was just naïve. Perhaps he strapped on a bulletproof vest every morning and went to battle with the hidden criminal underbelly of Northern Vermont. Maybe the reason I’d never heard of anything remotely resembling a real crime up here was because he and his cohorts were doing such a good job preventing it. “So what do you do… you know, on a day-to-day basis?” I asked. “Mostly patrol the highway and make rounds,” he replied. “There’s a lot of paperwork, too. Once in a while I get a call about a crime, usually up in Whoville.” [name changed] His reply solidified my view that $70k is an unreasonable salary for a 25-year-old Vermont police officer. But I certainly don’t blame my new hoops companion for seeking out the best pay he can get; that’s only human nature. It’s not his fault that around these parts, one of the best ways to make a good living at a young age is to become a police officer. He followed the incentives. No Respect I recalled our encounter when I came across this survey that polls Americans on which professions they most respect. “Police Officer” is near the top, along with firefighter, doctor, teacher, and a few others. Financial and business occupations—accountant, stockbroker, banker, business executive—garner little respect. But most notable is a profession that’s missing altogether: entrepreneur. To me, that’s a travesty. More than any other occupation, entrepreneurs deserve thanks for civilization’s progress. For every product or service you use, an entrepreneur took a personal risk to turn his or her vision into reality. An entrepreneur is the reason you’re sitting in a comfy chair right now… the reason you have a computer… the reason this missive traveled thousands of miles through the air, to your computer, for free. So where’s the love? As you’ve surely gathered, this week’s feature is about entrepreneurship—specifically the lessons one serial entrepreneur has learned throughout his varied career. You probably know the author, Jeff Tucker, as architect of the mises.org website. He’s also built a successful online venture called Laissez Faire Books and is in the midst of starting up another venture, Liberty.me, which you can read more about below. I suspect those among you who have worked for a startup—or aspire to create something of your own someday—will appreciate his insight the most. And if you love entrepreneurs as much as I do, check out Doug Casey’s brand-new book, Right on the Money. Doug is the quintessential entrepreneur—he’s blazed his own path to become one of the most successful contrarian investors in history. Right on the Money focuses on the investing knowledge he’s accumulated over the years, along with his unique and insightful take on many other topics. One of my favorite chapters is Chapter 16: Doug Casey on Cattle, where he describes several lessons he’s learned from cows, from losing a boatload of money by being long cattle on Black Friday to building a profitable cattle ranch himself. Click here to order Right on the Money. Dan Steinhart Managing Editor of The Casey Report 10 Lessons for Aspiring Entrepreneurs By Jeffrey Tucker, CEO, Liberty.me One of my favorite web spaces is meetinnovators.com. It interviews startup entrepreneurs, people who created something new and made it successful. Through casual conversation, it investigates their thinking, mode of working, trials and tribulations, breakthroughs, and visions of the future. Just hearing these people talk gives you a real lift. Major media don’t usually cover this world, which is strange because the technologies we use and the businesses we trade with define a major part of our lives. The trouble is that most people just take it all for granted. “Of course there’s an upgrade.” “Of course there’s an app.” “Of course I can make a video call from a wireless device to a person on the other side of the world for free!” I recently caught up with an old history professor, and it would have made sense to talk about big ideas (about which we both really care). But actually, and very quickly, we gravitated to more interesting stuff. We talked about technologies: operating systems, smartphones, cloud vs. local software, servers and databases, tablets and laptops, moving on to social networks, email clients, download sites, and, of course, games! This prattle had us engaged for an entire hour, and then I had to leave. I wonder if it occurred to this man, whom I recall as ideologically uninterested in economics, much less free enterprise, that all the stuff we talked about are benevolent gifts to us resulting from capitalist acts? People love talking technology these days. And we should similarly love the world of commerce for giving technology to us through entrepreneurial drive and innovation. It does so much to better our lives. Commerce is ultimately responsible for the dramatic increases in global living standards since the world opened up after 1989. Startup entrepreneurs deserve much of that credit. They are not only the creators of new products and services, things that improve our lives at the margin every day. They are also the major driving force of new jobs in a market environment that is otherwise rather stagnant. Comparing startup culture to politics is a study of opposites. In politics, people promise things (“Healthcare for everyone!” “A world without immorality!”) and just hope that constituents will believe that pulling a lever will bring change. It never happens, but it doesn’t matter, because there is no real test, no real accountability. Politics lives on tricks coming and going. In enterprise, you have this test—both an inspiring North Star and a wicked crucible. It’s called profit and loss. Every day a business must face that test. To make it, you need to persuade people that you have something or can do something sufficiently valuable for your customer to surrender real property in exchange for your product. You must get more back in property than you surrender to make whatever you’re selling. One dollar over costs and you are growing. One dollar under costs and you are sinking. The balance sheet rules the day and determines winners and losers. Politicians and bureaucrats never face such a reality check. In this sense, they are completely unhinged from reality. Their revenue is ensured, and their jobs are based not on sales but manipulation and position. Listening to all these interviews with techy entrepreneurs, I’m reminded of a series of books I read a few years ago about Gilded Age entrepreneurs. It was a different time and they had different tools—and they had far fewer struggles with government than we have today—but the motivations, methods, and impulses are the same. Here is a list of 10 features of enterprise that entrepreneurs exhibit or discover in the course of their great adventures. 1. Business starts with the desire to do something wonderful, not just to make money. This seems to be a universal trait. But it flies in the face of nearly all propaganda you hear about capitalism, which is supposed to be based on greed and material acquisition. Actually it is rooted in the desire to make the world a better place, and you can tell it in the voices of these achievers. Profits are the sign and the seal of a job well done, but not the driving motivation. The dream is what entrepreneurs chase. 2. Most people will tell you a million reasons why you will fail. Before jumping in to make a business, these people will typically survey their friends. Their friends always warn against it. No one will want that product. Someone already offers that product. That’s way too risky and it won’t work. Why not get a regular job like everyone else? Finally, the person realizes that he or she has to go it alone. 3. All businesses face the universal terror of uncertainty of the future. The only certainty we have is in looking back at history, at the stuff that already unfolded. What tomorrow will bring is guesswork. You can get close. You can make forecasts. But in the end, humanity is fickle and unpredictable. And by the way, every single business faces the same ghastly reality of uncertainty. They are all rock climbing with blindfolds on, feeling their way up as they go. 4. You can’t really know the market until you test the market. Of course you do market surveys. You ask friends. You look for other examples of success. You follow your own instincts. But surveys, examples, and instincts can’t substitute for the live test in which you are asking people to give up their stuff for your stuff. Every success seems like a no-brainer in retrospect (“Of course people want to buy books online”), but this is wholly illusory. You never really know until you try. 5. All entrepreneurs are maniacally focused on serving others. This also contradicts the conventional wisdom that business is mainly self-interested. That cannot be true because the whole impetus of business is to seek out the interests, desires, and motivations of others. It’s the only way to discern the path to success. The consumer is king, and the entrepreneur serves. 6. Every business needs dreamers and accountants. The dreamers are the people who imagine a future that doesn’t yet exist, a configuration of the world that is different from today. They take nothing and make something of it. That requires a wild imagination. But more is needed to make any project work. Your balance sheet, along with someone who can skillfully manage and interpret it, is essential. The accountant is always the one with the bad news. 7. Don’t try to start from scratch. One of many benevolent gifts of capitalism is that it offers us examples of success. These examples are publicly available to be studied and understood. The best entrepreneurs know how to copy success and then improve the model on the margin, just enough to cause a switch in consumer loyalty or recruit new consumers. You can’t be shy about this. Great business people “steal” ideas; ideas are part of the commons. 8. No matter how digital the service or product is, success comes only peer-to-peer. Internet successes do not think of their customers as nodes but as people who need love and care. Nor are customers cash cows; they are real people with real needs and must be treated as such. All appeals are personal appeals. All marketing speaks to individuals. 9. Enterprise is an incredible amount of grueling work. To be an entrepreneur means to be all in. There is no time off. Nothing takes priority, especially in the start-up period. You need fanaticism, a near-maniacal devotion to making sure that all that can go right will go right. Nothing is assumed, ever. These people know that their odds are never in their favor. So they must apply themselves as never before. 10. You never finally win. Enterprise is not like a board game with a beginning and an end. Every day the struggle starts anew. Every season might be your last. And it gets ever harder because the more you succeed, the more people will copy you. They let you do the test run, then copy your methods, tweaking them to enhance efficiency or reduce costs. There is no “final release” in business—not in any business that plans to stay alive. These points are coming home to me now, having been at work on a new business venture for the past several months. The business is Liberty.Me, a complete social and publishing solution for liberty-minded individuals. The whole focus is to provide a positive, solutions-based information and communication service for living a freer life. I see a burning need here to use every bit of advanced technology to do something wonderful for a cause I believe in. Yes, I’m sure it will be marvelous. But as a commercial service, there will be a test. It’s both thrilling and terrifying. An idea is facing the crucible. As someone told me recently, you will soon be a fool or a genius. You wonder why prosperity is such a rare feature in the history of the world? It’s because merchantcraft is rarer still, attacked often and avoided by all but the craziest people in our midst—the entrepreneurs who dream and work and face the crucible of profit and loss—to bring us what we love.