Bahrain Spirit Starts Charter for Bahrain LNG

first_imgzoomImage Courtesy: Teekay Bahrain Spirit, Teekay LNG’s first Floating Storage Unit (FSU), has been delivered to charterer Bahrain LNG.The vessel was delivered from the Korean Daewoo Shipbuilding & Marine Engineering (DSME) shipyard at the end of August, before going on hire on September 19, 2018.The vessel will be used to support Bahrain LNG in providing an LNG receiving and regasification terminal in Bahrain.The project is 30% owned by Teekay LNG Partners (TGP) and is expected to commence commercial operation in early 2019. Aside to Teekay, the project is owned and operated through a joint venture, Bahrain LNG W.L.L., owned by Nogaholding (30%), Samsung (20%) and GIC (20%).The project is the first of its kind in the Middle East to be developed on a public-private partnership (PPP) scheme.It comprises an FSU, an offshore LNG receiving jetty and breakwater, an adjacent regasification platform, subsea gas pipelines from the platform to shore, an onshore gas receiving facility, and an onshore nitrogen production facility.The project will have a capacity of 800 million standard cubic feet per day and will be owned and operated under a twenty-year agreement commencing on July 15, 2018.Bahrain Spirit was ordered as part of a batch of six LNG carriers.Five of these 173,400 cubic meter M-type, Electronically Controlled, Gas Injection (MEGI) engine LNG newbuildings are under time-charter contracts with Royal Dutch Shell plc (Shell).last_img read more

See More

Buckeyes move to 230 behind Sullingers 10th doubledouble

Michigan arrived in Columbus not the least bit intimidated by the No. 1-ranked, undefeated Ohio State men’s basketball team. The Wolverines stood toe-to-toe with the Buckeyes for most of the game Thursday night, but despite trailing at halftime, OSU showed exactly how it’s managed the second-best start in program history. “Ohio State is really good,” Wolverine coach John Beilein said. “There’s a reason they’re undefeated.” On the shoulders of freshman Jared Sullinger’s 10th double-double of the season, OSU (23-0, 10-0 Big Ten) bested unranked but feisty Michigan (13-10, 3-7 Big Ten), 62-53. Sullinger played all 40 minutes, scoring 19 points and grabbing 15 rebounds to lead the Buckeyes to victory. OSU jumped out to a quick lead, beginning the game with a 7-0 run, but the Wolverines were in no mood to let the Buckeyes blow them out early. A 3-pointer from junior guard Zack Novak tied the game at 14-14 with 11:39 to go in the first half. Four minutes later, a jumper from junior guard Stu Douglass gave the Wolverines their first lead, 20-19. The Buckeyes regained the lead, but back-to-back Michigan buckets to close the half put OSU down, 26-23, at the break. It was just the fourth time all season the Buckeyes have been trailing at halftime, and they entered the locker room with 10 turnovers and shooting just 36 percent from the field. “That’s not Ohio State basketball,” freshman point guard Aaron Craft said of the Buckeyes’ offensive struggles in the first 20 minutes. “That’s not what we’ve been doing all year to get us in the position we’re at.” A basket from redshirt freshman forward Jordan Morgan gave the Wolverines a 30-24 lead early in the second half, but two 3-pointers from junior guard William Buford tied the game, 30-30, and ignited the sellout crowd at the Schottenstein Center. With his first points of the game, senior forward David Lighty gave the Buckeyes a two-point lead with just less than 14 minutes remaining. The Wolverines quickly tied it, but a 7-0 Buckeye run, capped with a Lighty free throw, gave OSU a 44-36 lead with 9:37 to go. Again, however, Michigan answered. Back-to-back 3-pointers from freshmen Evan Smotrycz and Tim Hardaway Jr. cut the Buckeye lead to two. But Sullinger’s eight points over the next five minutes fueled a 10-3 OSU run that gave the Buckeyes a 54-45 lead, their largest of the game to that point, with less than three minutes remaining. “In the second half we took our intensity to another level,” Sullinger said. “We know it’s Michigan, and we know they’re going to give us their best shot. On top of that it’s a rivalry, so we just had to take it to another level.” After struggling through the first half, OSU shot 54 percent from the field in the second, and ended the game on an 18-9 run to earn the nine-point victory. Buford finished with 13 points, including three 3-pointers. Lighty and senior guard Jon Diebler added nine points apiece. The win, despite the seemingly comfortable margin of victory, was yet another game that perhaps could have gone either way down the stretch. The close games, Buford said, are simply what comes with a No. 1 ranking and will only help the Buckeyes in the long run. “We know every team is going to come after us,” Buford said. “We’re the No. 1 team in the country. They’re giving us their best shot, and we’re taking people’s best punches right now so when we get to the tournament we’ll be prepared.” OSU coach Thad Matta is happy as long as his team keeps winning, regardless of how close the games are. “It’s amazing, and I keep saying this just looking across college basketball,” Matta said. “There are great players, there are great coaches and to be sitting here today 23-0 and 10-0 in the Big Ten is something else.” The Buckeyes travel to Minneapolis to play No. 18 Minnesota at 2 p.m. Sunday. read more

See More

Atletico and Sevilla want Kalinic

first_imgAtletico Madrid and Sevilla are the closest to signing Kalinic, says Mirabelli, Goal reports.The Milan director has said that the two La Liga rivals are the closest to acquiring the Croatian striker.Nikola Kalinic has been in talks with the two Spanish clubs regarding a transfer away from the San Siro, AC Milan Sporting Director told Massimiliano Mirabelli has confirmed.Kalinic who joined Milan last summer from Italian side Fiorentina has struggled to make a positive impact scoring just six goals in 31 appearances.Gerard Pique, Neymar, BarcelonaLa Liga Betting: Match-day 4 Stuart Heath – September 14, 2019 Despite it being very early into La Liga season, both Barcelona and Real Madrid have had unprecedented starts to their campaigns. With this in…It is believed Gennaro Gattuso and the Milan hierarchy are willing to cut their losses on the striker who signed initially on loan with an obligation to buy for £22million.The 30-year-old who was initially part of Croatia’s 23 man squad to the World Cup was unceremoniously sent home from the tournament after refusing to come in as substitute during Croatia’s 2-0 victory over Nigeria.“We’ve got many top players in the team and some of them are discussing with other teams. Atleti and Sevilla are the closest to Nikola at the moment but there are other teams interested as well.” Mirabelli revealed to Sky Sports Italia.last_img read more

See More

Lonely Island Plot FirstEver US Tour To Follow Bonnoroo Appearance

first_img Lonely Island Plot First U.S. Tour In June lonely-island-plot-first-ever-us-tour-follow-bonnoroo-appearance Facebook Twitter News Lonely Island Plot First-Ever U.S. Tour To Follow Bonnoroo Appearance Email The comedic pop trio plan to hit the road, tongues planted firmly in cheek, for eight dates across the U.S. In JuneNate HertweckGRAMMYs Feb 20, 2019 – 11:52 am GRAMMY-nominated pop comedy outfit Lonely Island have announced their first-ever tour. The trek will take them through eight U.S. cities, starting with an appearance at Bonnoroo in Manchester, Tenn.on June 15 and hitting Philadelphia, New York, Boston, Detroit and more before wrapping in Minneapolis, Minn., on June 29.The trio, made up of Andy Samberg, Akiva Schaffer and Jorma Taccone, have been releasing hilarious original music since their 2009 debut album, Incredibad. They earned their first nomination at the 52nd GRAMMY Awards for Best Rap/Sung Collaboration for “I’m On A Boat.” Two years later, their sophomore album Turtleneck & Chain was nominated for Best Comedy Album. Their latest album, Popstar: Never Stop Never Stopping , served as the soundtrack to their pop-music mockumentary of the same name.The tour announcement comes on the heels of the band’s newly revealed plans to produce a film spoofing the Fyre Fest fiasco with actor Seth Rogen. For a full list of dates and ticket information, visit the band’s website. Dave Chappelle Wins Best Comedy Album | 61st GRAMMY AwardsRead morelast_img read more

See More

Kimberley Garner flaunts her assets in barely there swimwear Photo

first_imgKimberley GarnerKimberley Garner Official Instagram (kimberleygarner)Kimberley Garner sure knows how to turn up the heat. The stunning beauty showcased her killer curves in a social media post promoting her own company’s swimwear.Reportedly, the throwback snap came from her break away in St Tropez, France. Kimberley looked gorgeous in the white nautical themed swimsuit. Gushing about her busy schedule, Kimberley said in the caption: ‘Monday done. how was yours? working on my company all day, now time for ballet class followed by [drink emoji] with my girls. last week in #stTropez in one of my designs.’There might also be another reason for Kimberley’s glow, she appeared to confirm her reunion with her former boyfriend. Following their break-up last year, the blonde beauty told MailOnline: ‘I ended the relationship recently. It was a really wonderful three years and we are still good friends today.’  Kimberley GarnerKimberley Garner Official Instagram (kimberleygarner)The socialite has apparently been notoriously tight-lipped about the identity of her former long-term boyfriend, who was often seen with the personality in West London. Speaking to The Sun during her appearance at the 70th annual Cannes Film Festival, she said: ‘It was a great relationship. I’d love to meet someone with a great personality — it’s all about the personality for me.’It is known that in May 2013 Garner launched her first swimwear collection and has gone on to release many collections since. She is the director of Kimberley London Ltd and of Young London Events Ltd. Apparently, Kimberley also tried her hand at acting with a lead role in the movie Sweetheart.Well, getting back with her ex sure seems to be doing wonders for Kimberly. You can check out the pic here:last_img read more

See More

Understanding ExxonMobils 20M Air Pollution Fine

first_img Share A federal ruling upholds an air pollution fine related to a Houston-area refinery.A federal judge in Houston Monday (July 31, 2017) rejected ExxonMobil’s request to reduce a $20 million air pollution penalty. The ruling is the latest in a legal dispute that stems from the company’s refinery and chemical plant in Baytown. News 88.7’s energy and environment reporter Travis Bubenik joins us to explain what led to the fine and its significance.last_img

See More

Baltimore Leaders Gather at White House to Discuss Social Change

first_imgCharlotte James of Baltimore’s Code in the Schools organization, speaks during a panel at the White House. (Image via YouTube)Some of Baltimore’s top leaders gathered at the White House June 6 for a panel discussion which analyzed social change in the city.Called “The Front Lines of Social Innovation: Models for Change from Baltimore City,” the event was streamed live from the White House and addressed the social plights that Baltimore is facing. Among those in attendance were Democratic mayoral nominee Catherine Pugh, Bishop Eugene Sutton, and Senator Ben Cardin. From its record-high homicide rate to dealing with the aftermath of Freddie Gray’s death, there are many aspects of Baltimore in need of social reform.Sarah Hemminger, a neuroscientist and CEO of Thread, a city non-profit which engages underperforming high school students, spoke about her mentoring program and the importance of lifting up Baltimore’s youth.“During times of division and strife in our city, we must rediscover the thing that is most important: one another,” said Hemminger. Thread helps teens in less-than-ideal social situations thrive academically. She mentors low-income and at-risk kids with low GPAs, and helps them to graduate high school and further their education. Her program has a graduation rate of over 90 percent. Through several heart-wrenching anecdotes, Hemminger shared how she not only touched her mentees lives, but how they have helped her to grow as well.The city’s health commissioner, Dr. Leana Wen, stressed the importance of healthcare to create social change. She talked about Vision for Baltimore, which allowed children to receive free eye exams and glasses. She also discussed her national campaign to help those with opioid and drug addiction.“More people die from overdose than die from homicide,” said Wen. “We believed that every resident could save a life.” The city’s health department has provided healthcare training to various members of the community to help with this issue. She also discussed racial disparities in health and how one of her programs that hires recently-released convicts helps with violence prevention.Other topics of discussion included adding coding and computer science to school curriculums, youth outreach, education, and more. After the speeches there was also a panel discussion in which a panel of experts discussed other steps Baltimore needs to make towards reform.“There are deep rooted problems of inequality, poverty and racism, but our residents feel the fierce urgency of now,” said Wen.last_img read more

See More

Corrogan Vaughn Frequent Republican Candidate and Son of Prominent Baltimore Pastor Dies

first_img(Updated 8/19/2017) Corrogan R. Vaughn, a Republican candidate for multiple offices over the years and the son of Dr. Lillian Purnell Bowser Vaughn and Rev. Dr. Alfred C.D. Vaughn, the long time Pastor of venerable Sharon Baptist Church in West Baltimore, died Thursday night at his family’s home. He was 51.Corrogan R. VaughnVaughn was born March 8, 1966, in Lynchburg, Virginia, but grew up in Baltimore and graduated from Northwestern High School in Northwest Baltimore. Vaughn obtained a Bachelor of Science degree in Political Science/Government from Virginia Union University in 1988 and a Bachelor of Science degree in Business from Virginia University in 2012. He also attended Drexel University and Liberty University.Vaughn was a frequent Republican candidate for political office, challenging Rep. Elijah Cummings (D-7th) for his storied Congressional seat in West Baltimore in 2014 and 2016. “He challenged Elijah more than once and of course, Elijah is a great friend of mine,” Rev. Dr. Vaughn said of his son’s political forays.Vaughn also ran for Maryland’s U.S. Senate seat in 2012, losing in the Republican Primary to Dan Bongino. According to the Vote Smart website, which provides information on political candidates, Vaughn also ran for the U.S. Senate seat as a Republican in 2000, 2004 and 2006 and was a Republican candidate for president in 2008.Vaughn was also known as a local radio host, co-hosting with former Maryland Lt. Governor Michael Steele, “Lunchtime With the Maryland GOP,” on WOLB in the early 2000’s.On the occasion of his parents 50th wedding anniversary and his father’s 75th birthday, Vaughn told the AFRO in 2013, “Because of my parent’s involvement in the community, it’s good to see people come out and appreciate them.”“The Lord loaned him to me…but, the Lord now has reclaimed him,” Rev. Dr. Vaughn said.Corrogan Vaughn leaves to mourn: his mother and father, two sisters; Rev. Dr. Lynette Vaughn, assistant pastor and Sharon Baptist Church and Cassandra Vaughn-Fox, a media professional, both of Baltimore; along with many other family members and friends.The funeral for Corrogan Vaughn will be August 28 at Sharon Baptist Church, 1375 N. Stricker St., Baltimore, MD. Rev. Dr. Harold Carter, Jr., pastor of New Shiloh Baptist Church, will deliver the eulogy. The family hour will be at 10:30 a.m., the funeral begins at 11 a.m. The wake for Vaughn will be August 27, 3 p.m. to 5 p.m., also at Sharon Baptist.last_img read more

See More

Acting up a perfect wedding

first_imgThus they call it the laddu either already savoured or still to be relished. Based around a similar idea, the play titled Perfect Wedding teaches one what not to do on his/her wedding day. It imparts knowledge of all the dos and donts for your wedding day.Presented by Saanjha Sapnaa and directed by Dushyant Babbar, the play is a romantic comedy based on an original script. The plot goes like- A man wakes up on his wedding morning in the hotel’s bridal suite with a naked woman he doesn’t know. Chaos ensues and a touching love story too. It is full of snappy dialogues, slapstick humor and blurry maze of plot twists which turn into a cheery evening of laughs and good feeling. Also Read – ‘Playing Jojo was emotionally exhausting”The play follows an error of comedy concept. Where in, the couple who was brought together to get married eventually get married to different people. It took me almost a month to conceptualise and execute the play as one of the major challenge was to find good and steady actors,’ rues Dushyant.’The one hour 20 minutes long play constitutes of playing with live properties where in the dimensions of the room set up on the stage is changed via connecting doors. This particular element is quite integral to the performance,’ says Dushyant. Witness this Perfect Wedding with full fun and entertainment on the Delhi stage.WHEN: 16 and 17 November, 6 pm and 7.30 pmWHERE: Akshara Theatre, Baba Kharak Singh Marglast_img read more

See More

The Queen Elizabeth 2 ship now floats as a hotel on the

first_img Wednesday, April 18, 2018 The Queen Elizabeth 2 ship now floats as a hotel on the Persian Gulf The QE2, built by Cunard and put to sea in 1969, is the second ship the company named after the wife of King George VI, not the current British monarch – hence the number rather than the Roman numeral.The luxury ship travelled some 6 million miles in decades of service even as airlines came to dominate trans-Atlantic travel. It carried 2.5 million passengers and crossed the Atlantic more than 800 times. Britain requisitioned the ship as a troop carrier for the Falklands War against Argentina in 1982.More news:  Universal enhances popular Harry Potter vacation package with new perksIn 2007, Cunard sold the QE2 to an arm of the state-run conglomerate Dubai World for 50 million pounds ($100 million). She arrived to Dubai’s Port Rashid the following year as part of a glitzy armada led by a mega-yacht owned by Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, at the height of the former British protectorate’s real-estate bubble.An economic crash left the QE2’s owners in debt for billions of dollars. Rumours circulated for years after that the ship could be sold. All the while, she sat mothballed at Port Rashid near Dubai’s historic downtown creek, a 149,000-ton reminder of the crash.Three years ago, the Dubai government’s Ports, Customs and Free Zone Corp. took over the project. It marks the first foray into hotels for the corporation, said Mustafa, who previously served as a managing director at the government-owned developer Nakheel and at the investment arm of Dubai World. He said the corporation planned to open other hotels in the future.The ship has been hooked up to Dubai’s power grid, but still floats in the Persian Gulf. An Associated Press team that visited the ship Tuesday could feel her list slightly while walking through portions of her completed passageways.More news:  Help Princess Cruises break the world record for largest vow renewal at sea“She lists. She’s supposed to that, she’s a ship,” Mustafa said.Today, around seven of the QE2’s 13 decks are under operation, with 224 cabins available, Mustafa said. Prices will range from $150 a night in the simplest berthing to $15,000 a night for the Queen Elizabeth and Queen Mary suites, he said.A green-hued British pub and other restaurants will serve alcohol, a common practice across Dubai’s hotels. However, its nickel, quarter and dollar slot machines will remain turned off as gambling is illegal.The ship also will feature shops run by Dubai Duty Free, the government-run conglomerate that had $1.93 billion of sales in 2017, with 9.7 million cans of beer and 7.4 million bottles of liquor and wine sold.Workers hurried across the ship Tuesday to finish up work ahead of the hotel’s soft opening Wednesday. By October, Mustafa said the hotel hopes to have a grand opening with “600 to 800 rooms” ready.“If you want to come and have a sense of how it was during the ocean liner era but at the same time being a doorstep away from Dubai, this is the place you want to be,” he said. “We’re not a theme. We’re not a concept. This is what this ship was.” Share DUBAI, United Arab Emirates — Famed Queen Elizabeth 2 cruise ship will finally open as a floating luxury hotel moored off Dubai, nearly a decade after completing its last ocean voyage.It’s been another long trip for the ship known as the QE2 to even open to the public, as Dubai’s financial meltdown and years of slow growth nearly sank the project and left the ship languishing at port. After initially planning to gut the vessel, Dubai’s government ultimately decided to restore the ship at a cost of over $100 million, down to replicating its 1960s carpeting, with work still underway.“It’s like walking into a time capsule – this is the ship in 1969. It’s a hotel and a museum,” said Hamza Mustafa, the CEO of Dubai’s Ports, Customs and Free Zone Corp.’s investment arm. “We’ve put in 2.7 million man hours working on her … making sure that she can really shine.”“She’s going to live on for many more years now in her final home in Dubai,” he added. << Previous PostNext Post >> By: Jon GambrellSource: The Associated Presslast_img read more

See More

House votes for Rep Theis plan setting requirements to protect children

first_img24May House votes for Rep. Theis plan setting requirements to protect children Categories: News,Theis News Michigan’s children will be protected under legislation approved today by the state House, state Rep. Lana Theis announced.“Although most doctors have the best of intentions in treating their patients, we must do our best to prevent what happened with Larry Nassar’s survivors,” said Theis, a member of the House Law and Justice Committee. “Parents and children should have as much information as possible when doctors are recommending invasive medical procedures for children. They must be able to understand the necessity of such a procedure.”Under the legislation, procedures involving pelvic area penetration of minors is prohibited without meeting certain conditions:The medical treatment is within the professional’s scope of practice;Another health care professional is in the room during the procedure; andWritten consent on a standardized form is obtained from a person authorized by law to provide consent, such as the child’s parent.The bill does allow for exceptions, such as a medical emergency or for services relating to the patient’s gynecological or reproductive health.The plan is part of a 28-bill bipartisan package approved by the House to increase protections to Michigan’s residents in the wake of the Nassar sex abuse scandal.“This plan will go after sexual predators, help survivors and protect Michigan’s residents,” said Theis, of Brighton. “We took part in nearly 20 hours of testimony in committee alone, engaging medical professionals, educators, subject experts and survivors of Nassar’s crimes. This plan is a solution to better protect our children, while strengthening punishments against anyone who engages in sexual misconduct.”House Bill 5793 advances to the Senate for its consideration.#####last_img read more

See More

Sony Pictures Television Networks is to launch a G

first_imgSony Pictures Television Networks is to launch a German version of its Sony Entertainment Television channel.The channel will begin broadcasting in the spring following a carriage deal struck between SPT Networks Germany and Deutsche Telekom. Sony Entertainment Television will be part of Deutsche Telekom’s IPTV Service, Entertain.Sony Entertainment Television in Germany will target women over 30 with a line-up of dramas, comedies and movies from the US and Europe.Bettina Hermann, network director, SPT Networks Germany, said: “Sony Entertainment Television is one of SPT’s leading global channel brands and we are very proud to bring it to Germany with Deutsche Telekom. Like all our channels here, the schedule will be tailored for the German speaking audience, with US blockbuster and first run series as well as high quality European and German telefilms. Moreover, with its mainly female target, Sony Entertainment Television will broaden the reach of our portfolio.”SPT Networks’ German portfolio includes action and entertainment channel, AXN, which is also available in HD, and animé and lifestyle channel, Animax.last_img read more

See More

BSkyB has launched a new service app enabling cus

first_imgBSkyB has launched a new service app, enabling customers to keep track of their Sky account via their mobile devices. According to Sky, the app lets customers check their bill, change their settings and manage their engineer visit from a wide range of mobile devices.The Sky Service App has been designed and optimised for iPhones using on iOS 7 and higher and Android devices using version 4.0 and higher. Customers can also access the app on their iPad. There will be future updates to support additional devices with further enhancements according to Sky.“We’re always looking for ways to improve our customer service and make our customers’ lives easier and we think the new Sky Service app is a great way to help them save time. Our customers can now check engineer appointments and view and pay their bill whenever it suits them, without having to call us,” said Chris Stylianou, managing director, customer service group.last_img read more

See More

In this short but packed interview by Chuck Jaffe

first_imgIn this short but packed interview by Chuck Jaffe, contrarian investing legend Doug Casey explains why government is becoming an anachronism, what 2014 is likely to bring to the financial world, and why he isn’t an investor. There’s a reason why Doug Casey’s appearances always fill the room: he’s not only a brilliant contrarian investor, but a clear and cogent voice cutting through the political mumbo-jumbo. And now you have the chance to pick the brain of this serially successful multimillionaire… right at a time when being a disciplined speculator could turbocharge your wealth. Get the details and get started right now.last_img

See More

Pigs Get Slaughtered Consider this In 1975 109 c

first_imgPigs Get SlaughteredConsider this: In 1975, 109 companies produced 50% of earnings. In 2015, just 30 companies accounted for half of all the earnings from all U.S.-listed companies.That means the earning power of public companies is concentrated in a shrinking number of firms. As a result, investors have fewer choices today than at any other time—maybe ever.But why? Well, the Federal Reserve has had a lot to do with it. You see, the Fed’s been running an ultra-low interest rate experiment over the past 20 years.This has made borrowing money easy, even for people who don’t need the money. After all, it’s not too hard to pay interest on a 0% loan. Now, you and I can’t borrow money that cheaply… But the most connected borrowers can.As a result, the private equity industry has been one of the biggest beneficiaries of this money experiment.In case you’re not familiar with the private equity industry, here’s how it works… High-net-worth investors pledge cash to a specific fund. Once the fund raises its target amount of money—say $200 million—it closes to additional investment. It also closes the door for investors to pull money out.The fund’s managers then take the $200 million in cash and borrow an additional amount. This can turn $200 million into $1 billion of buying power. Keep in mind, the managers receive 2% of the $200 million invested each year. That gives them $4 million to pay their salaries and expenses while they invest the funds.I’ve seen this play out firsthand.Just after college, I worked as a sales rep for a manufacturing firm. We produced mattresses in 26 factories across the U.S. The owners sold the company for $800 million to a private equity firm. Within months of taking over, I learned that the private equity firm took out a massive loan against the business.Here’s what’s interesting. They didn’t use that money to invest in new factories or equipment. Instead, they paid a huge dividend—equal to almost the entire purchase price—to themselves. This meant that the business merely had to generate enough income to service the massive loan. If it could do that, its private equity firm owners had a risk-free investment.It gets better. These firms also capture 20% of any profit they generate when they sell assets. In this case, if they resold the firm a few years later for $1 billion, they’d collect another $40 million in incentive fees.This type of investing went mainstream in the 1980s. And it only grew from there. Today, it’s officially out of control. It’s a large part of why there are so few public companies remaining today… and this wave of consolidation is just getting started.Just look at the chart below. It shows how much cash private equity firms are sitting on today.You can see that private equity firms are sitting on a staggering $1.7 trillion in cash. That’s equal to 9% of the entire U.S. economy’s annual output… just sitting in cash.In the coming years, these private equity firms will use this cash hoard to take businesses private, load them up with debt, pay themselves rich dividends, and then leave the companies for dead… just like they recently did with Toys “R” Us.The good news is that you can turn this market phenomenon into huge profits by buying takeover targets or highly successful serial acquirers.In my first issue of Strategic Investor, I told my readers about one such company. You can learn about that company by taking my brand-new advisory for a test drive.Regards,E.B. Tucker Editor, Strategic InvestorJustin’s note: Keep your eyes peeled for tomorrow’s Dispatch, where I’ll talk more about E.B’s big idea. Specifically, I’ll show you which sector is set to soar while this trend plays out. You won’t want to miss it…In the meantime, I urge you to sign up for E.B.’s brand-new letter, Strategic Investor. E.B. sees a massive shift happening in the markets, and it’s never been more important to have a specific plan of attack. As E.B. says, “We don’t have the same opportunity to make money in the stock market like we’ve had for the past 100 years.” To survive and thrive in the coming years, you’ll want to get E.B.’s top recommendations. Learn more here.Reader MailbagToday, a reader shares his thoughts on the future of electric car-maker Tesla…I don’t believe Tesla is going to zero… it’s already one of the “too big to fail” companies. The Trump administration will bail them out giving them a sh*tload of money to stay operating and keep jobs. I do believe its stock price will go down like 50%. – BogarAs always, if you have any questions or suggestions for the Dispatch, send them to us right here. Recommended Link Does this describe you? We know there’s a small group of readers who are obsessed with learning more about trading. Maybe you’re a day-trader, or an active paper trader. But if you’re fascinated by all the secret relationships in the stock market, and interested in learning new ways to make money… this is for you. Click here for details. — Justin’s note: Today, we have an important essay from E.B. Tucker, editor of our brand-new Strategic Investor newsletter. Below, E.B. lays out his thesis for the last great bull market of our lifetimes… and what to expect going forward.As you’ll see, what worked for investors in the past is not going to work over the next few years… By E.B. Tucker, editor, Strategic InvestorRight now, we’re seeing a set of indicators we’ve never seen before. If someone told me about them 20 years ago, I would have struggled to picture them.In short, we’re on the cusp of a tremendous bull market.It’s nothing like what we saw in the 1960s or 1980s. Those bull markets rode on the back of economic growth. In both cases, you would have made more acceptable returns by simply buying the Dow Jones Industrial Average.The coming bull market looks entirely different. Most people will miss it because they’re used to making “easy money.”You see, investors dumped $692 billion into passive funds like the Vanguard 500 Index Fund last year. They blindly invested in stocks, and that worked quite well. Now, the average person believes buying the overall market index is his path to steady riches. He’s dead wrong. — The Next Giant Leap For Mankind? (Unbelievable) For 81 years, America’s had a secret weapon in the space race… a little-known NASA lab headquartered a thousand miles away from the Kennedy Space Center. Thanks to the same scientists that put man on the moon, you can get into the market’s biggest, fastest windfalls before they rocket up. Click here now to continue reading. Recommended Link Here’s why…The U.S. stock market is worth $29 trillion today. Twenty years ago, it was worth $12.9 trillion. That’s an increase of 124%.U.S. GDP looks similar. Twenty years ago, it was $8.9 trillion. Today, it’s $19.8 trillion—a 122% increase.And yet, there are half as many publicly listed companies in the U.S. today than there were 20 years ago. You can see what I mean below:You can see that the number of public companies used to grow in step with the economy. Americans would start businesses, build them up, and take them public when they needed access to more capital.Public companies also became the lifeblood of the wealth-building process for most investors. And for good reason. You see, there’s a gap between what people earn and what they need to retire. Capital gains from investments usually help close the gap.But it’s tough to get out and source private investment deals if you sit behind a desk all day. Even if you do, digging into the details takes time. You also need to make sure you avoid crooks and cheats. I know about these headaches because I’ve been involved in many private investments.Buying stocks is much easier. This is because public companies are required by law to publish detailed financials and operating information. Anyone can look at this.The problem is that the number of publicly traded companies in the U.S. is falling at an alarming rate. The good news is that we know why it’s happening. More importantly, we see a way to profit from it.last_img read more

See More

Ed note This story appeared earlier in a shorten

first_imgEd. note: This story appeared earlier in a shortened form.Ed. note: This story has been updated to reflect the correct name of the ACEs score. With the national opioid epidemic in the spotlight, two Winston-Salem filmmakers are focusing their lens on mothers. The film follows families and caregivers in Asheville facing Neonatal Abstinence Syndrome. NAS happens when babies are born exposed to substances.The documentary, which is still in the final stages of production, is directed by Dom Silva and Stan Wright, both students of Wake Forest University’s documentary film program.Stan Wright spoke with WFDD’s Eddie Garcia.Interview HighlightsOn what the film’s title, Original Body of Pain, means: On the perception of those facing addiction vs. day-to-day reality: Obviously with a film of this nature you can’t just go in blind and start asking people if they’re addicted to drugs, or if they have substance abuse issues, and if they’re pregnant. Our biggest advocates were the home nurses we were working with. These are the people that go into the home in the weeks and months after the baby’s born to make sure that they’re developing properly that the wean is going properly.And so when they would go on their home visits, they would approach the families and say, ‘Hey we have this project, it’s a compassionate take on women who have gone through substance exposures and addiction and have kids. Would you like to be a part of it?’ So we probably talked to 10, 12 women before we landed on the final three.center_img It’s a term that our main character actually refers to as having learned in treatment. The way she describes it is basically there’s this one inciting incident within a person who struggles with addiction’s life that leads them to further trauma, and she calls it an original body of pain…one of our main characters, her name is Joanna Christoph, she’s a home health nurse, she talks about this adverse childhood experiences score, and it’s a score that they use to determine a level of childhood trauma within a family.So a lot of questions are asked including: ‘Have you been abused physically or sexually? Has one of your parents died? Have you been raised without a parent? Has a parent been incarcerated? Has one of your family members struggled with alcoholism or drug abuse?’ And there’s this series of 10 questions that lead up to this ACEs score. And so it’s just a nice fitting kind of segue into this larger conversation about some of the underpinnings of addiction, as well as a reference to something our character says in the film. On gaining intimate access to the lives of the women in the film: A point of clarity, just for what we’re doing with our film, is that we’re working with recovering addicts. So these are people that were in treatment, were in counseling. These weren’t people who were actively shooting up and using. I think that’s important to say because it shows that there is hope, there is recovery for women who have gone through this. Even with children in the family.The day-to-day realities are so much more jovial. A lot of the story of us going in and shooting with these homes – and I think we’ve shot over 30 times with one of our characters Ashley and her three boys – is water balloon fights, and birthday parties, and graduations. And there’s a lot of happiness in the day-to-day that comes with the sobriety surrounding recovery, and the newfound ability for these women to really take in and appreciate what’s around them and their families.last_img read more

See More

Activists are today 4 August set to hold a vigil

first_imgActivists are today (4 August) set to hold a vigil outside the Japanese embassy in central London to express their “horror and huge sadness” at last week’s mass killings of 19 disabled residents of a care institution in Japan.The idea for the vigil came from disabled activist Eleanor Lisney, who is east Asian herself, with support from fellow activist Dennis Queen, a leading member of the disabled people’s anti-euthanasia network Not Dead Yet UK.The hope is to hand the embassy 19 lilies, one for each of the 19 deaths, and the results of an online book of condolence organised by Disabled People Against Cuts, Inclusion London and People First (Self Advocacy).Another vigil, unconnected with the London event, was also due to take place today in Lancaster.Lisney said: “I am just hoping to show solidarity, to show that if you do things in one part of the world, it would not go unnoticed [in another part].“I was really upset by what was happening and really sad that this happened in a care facility.“I think we have to show solidarity because what happens to one of us happens to all of us. They were our brothers and sisters.”A former care worker in the Tsukui Yamayuri En institution in Sagamihara allegedly broke into the building last week and murdered 19 disabled people with high support needs, and injured 25 others.It has been reported that he then drove to a police station and told officers: “I did it. It is better that disabled people disappear.”It has been said that he had previously written a letter to a senior parliamentary figure, in which he argued that the Japanese government should legalise euthanasia of disabled people, and that he would be willing to carry out hundreds of killings himself by targeting two care institutions.The day before he quit his job, in February this year, he reportedly told co-workers that he thought all disabled people should be killed.The next day, he was committed to a mental health hospital, where he apparently told an official: “There are 800 million people with disabilities worldwide. Money is spent on them. It should be used for other purposes.” He was discharged from the hospital two weeks later.In a statement released after the killings, the Japan National Assembly of Disabled Peoples’ International (DPI-JAPAN) said that if his words were as reported, his actions were “purely caused by the eugenics that questions the existence of persons with disabilities”.He added: “We, DPI-JAPAN, reaffirm our commitment to fight against eugenics with great anger and grief.“During recent years, there are increased incidents of hate crime and hate speech against persons with disabilities and other minority groups.“This particular incident should not be overlooked. Now, more than ever, [there is a] need to create an inclusive society which does not allow hate crime or hate speech.”Lisney said she was partly motivated to organise today’s vigil by comments on social media that suggested part of the explanation for the killings lay within Asian culture.She said: “I got really annoyed about that, because eugenics is not in Asian culture.”Lisney said she believed that the targeted violence experienced by disabled people in the UK is more subtle than the horrors experienced by the residents of Tsukui Yamayuri En, and comes instead from the government, with its policies aimed at cutting support for disabled people.As she wrote yesterday in her blog: “It is not as gory as a bloodied kitchen knife in the middle of the night but the result is both ending in pain filled deaths as a result of their disabled status.“And the reasoning behind both is that disabled people’s lives are not worth keeping.” Lisney said she also saw a similarity with the attitudes behind the new assisted dying bill introduced by the Tory peer and former MP Lord Hayward, treasurer of Dignity in Dying, who has launched another push to legalise assisted suicide in the House of Lords.She said: “In this country they might call it mercy killing but to me it’s just packaging: ‘You’re bloody useless, you’re just a drain on resources, why don’t we make you go away?’“It’s no different to this guy [in Japan].”Queen said the vigil was important because it was “important to show solidarity to the survivors of this massacre and to show our sadness at the people whose lives have been lost and just share our thoughts and love with their families and everyone involved”.Like Lisney, she said the beliefs that appeared to have prompted the actions of the alleged killer were “something we are very familiar with and face every day”.She said: “This is the eugenics thinking that believes we are not worthy of money, of oxygen, of the space, of the care and the love that we share with our families.“We can’t escape it and that is partly where the solidarity is coming from. We recognise exactly the same hatred here and we experience it here.“It’s bringing a wave of solidarity across the globe.”She said it would not be a shock if something similar to the Japanese killings happened in Britain, and she agreed with Lisney that the same type of eugenics-type thinking – that disabled people are not worth spending money on – was already contributing to people’s austerity-related deaths, for example through sub-standard healthcare or losing their social care.She said: “Much of the thinking behind [the assisted dying bill] is tainted with the same eugenic thinking.“It is still rooted in the same idea that at some point some lives are not worth living.“We at Not Dead Yet UK disagree with this idea; we believe every day of every person’s life is just as valid and valuable as everyone else’s, and that each of us deserve the same right to live.“I think a lot of people would like to think they can ‘keep it polite’ and that thoughts don’t lead to anything, but to keep perpetrating the idea that some lives are not worth living is what leads to outcomes like this.”Picture: Disabled activists including Penny Pepper (right) and Sophie Partridge (centre) at the vigil this afternoonlast_img read more

See More

That Time Disney Rejected A Woman Job ApplicantBecause She Was A Woman

first_img Free Webinar | July 31: Secrets to Running a Successful Family Business President of The Marks Group Opinions expressed by Entrepreneur contributors are their own. 3 min read Next Article Gender Bias At lot has changed but it’s taken 80 years. –shares Contributor Gene Marks Once upon a time a woman applied for a job at a big company that everyone knows.But, as Alyssa Rosenberg at ThinkProgress writes, the woman was unfortunately rejected. Not because she was unqualified. But because she was a woman. The woman’s name was Mary Ford and the company was Walt Disney Productions. The rejection letter, which can be seen here, went like this:Dear Miss Ford:Women do not do any of the creative work in connection with preparing the cartoons for the screen as that work is performed entirely by young men.  For this reason girls are not considered by the training school.The only work open to work women consists of tracing the characters on clear celluloid sheets with India ink and filling in the tracings on the reverse side with print according to directions.In order to apply for a position as “Inker” or “Painter” it is necessary that one appear at the Studio, bringing samples of pen and ink and water color work. It would not be advisable to come to Hollywood with the above specifically in view, as there are really very few openings in comparison with the number of girls who apply.The letter was signed by a Mary Cleane. Another woman. It was written in 1938.If you’re a female entrepreneur, business owner or employee, does this letter make you angry? It shouldn’t. It should make you very, very happy. Why? Because it’s clearly not 1938 anymore.Related: What Business Leaders Are Getting Wrong About Bias TrainingIn 2018, there were 12.3 million women-owned businesses in the U.S. as compared to 402,000 in 1972, Since 2007 that number has increased by 58 percent.  Today, four out of every ten businesses in the U.S. are female-owned. Last year more than 1,800 net new women-owned businesses were launched every day and more than two-thirds of those were founded by women of color. In today’s business world, women are slightly more likely to start a business than men. (All of this recent data comes from two reports – one from SCORE and the other from American Express – and both were summarized in this article by the Women’s Business Enterprise National Council).It’s great news but it’s not time to put on the party hats.According to the 2018 Women in the Workplace Report from McKinsey & Company and LeanIn.Org. while women now hold 38 percent of managerial positions in corporate America, they are still twice as likely to be mistaken for much more junior employees, continue to suffer from harassment and discrimination at work at rates far above their male counterparts and still lag behind in earnings and advancement opportunities. There is clearly much, much work to do.Related: Simply Hiring More Women Isn’t Enough to Fix Tech’s Gender IssueBut the takeaway is this: while we haven’t reached parity, females have come a long, long way since 1938. Be grateful. Keep fighting. Males — particularly those of us in our 50’s who make up the majority of business owners in this country — are getting the message. Maybe the change isn’t as fast as it should be. But it’s happening – and the reaction by society today to what was once a commonplace occurrence in 1938 should be confirmation enough.Oh, and if it’s any consolation, the men working those cartoon preparation jobs at Disney back in the ’30’s were replaced by computers long ago! That Time Disney Rejected A Woman Job Applicant…Because She Was A Woman Image credit: Drew Angerer | Getty Images June 13, 2019 Learn how to successfully navigate family business dynamics and build businesses that excel. Add to Queue Register Now »last_img read more

See More

How to Prevent Presidential Debates From Becoming Disruptive Workplace Debates

first_img Add to Queue How to Prevent Presidential Debates From Becoming Disruptive Workplace Debates Politics Next Article Guest Writer September 26, 2016 5 min read Jonathan Segal We just saw the first Presidential debate. No matter what your view, I think we all can agree it was contentious. The feelings of the campaign in general, and the debates in particular, will undeniably leak into workplaces. What do you do? Or better yet, what don’t you do?To help guide you, here are eight questions and answers to help handle political workplace discussions.1. Don’t employees have a First Amendment right to say what they want politically?No. The First Amendment applies only to restrictions imposed by the government. Private sector employees have no First Amendment rights in the workplace. If you are an entrepreneur, you can prohibit employees from talking politics without worrying about the First Amendment.There is one exception — keep in mind some state constitutions, such as California, apply (or may apply) to private sector employees. So a ban in California, for example, is asking for trouble.Related: Speak Your Mind, But Know Your Facts2. Do employees have any rights to express their political views in the workplace, independent of any constitutional right?Yes, employees covered by the National Labor Relations Act (NLRA) probably would have the right to share their views, including wearing buttons, if the political statement relates to the terms and conditions of employment.Let me give you two examples — Vote for Clinton so there is more generous paid parental leave or vote for Trump so that religious rights in the workplace are respected. Keep in mind that supervisors and managers, as defined by the NLRA, are not protected by the NLRA.3. Can employers discriminate based on message? That is, favor one political view over another?This may come as a surprise to many but, unlike race, sex or religion, one’s political affiliation is not a protected group under federal law and almost all state laws. There are exceptions, such as in the District of Columbia and under a few other local ordinances.But just because something may be lawful does not make it right. It would be foolish, even if not illegal, to discriminate based on political view point. Do you really want to alienate a large percentage of your employees and customers?Related: Who do You Support for President? Then You’re Fired.4. What if what is said in the workplace is discriminatory?What if someone makes a statement hostile to Mexicans or disparages Evangelical Christians? Employers have more than a right to respond to discriminatory messages in the workplace. They have a legal obligation to do so. Employers can brook bias of no kind — that includes during this election season.5. Aren’t we better off just banning all political speech, to the extent we can, to avoid disruptions?No. It’s simply not practical. And, it will get even less so as we approach the election. It also is not desirable. Ban political talk and political opponents will agree on one thing — you, as the employer, have gone too far.6. Aren’t there reasonable restrictions that you can and/or should impose to minimize disruption and/or risk antagonizing customers?Yes, you probably could have a rule that anyone who interacts with the public not wear a political button or otherwise convey a political message of any kind. I say “probably” and not “absolutely” because the National Labor Relations Board (NLRB) that interprets the NLRA continues to limit what employer can do. But entrepreneurs need to balance the potential legal risk against the business risk of doing nothing.7. But what if there are disruptions in the workplace?Some disruptions are inevitable. You absolutely can respond to the disruptions. You are not paying employees to be as dysfunctional as Congress. But focus on the disruption as opposed to the content of the disruption — unless what is said is discriminatory. There should be both the reality and the appearance of being even handed.Related: Resilient Small Businesses Will Do Fine Whoever Is President Next8. Can you as a leader express your own views?Yes, there is no question that you can share your views. The question is, how and when? Remember, your power is based on your influence, and your influence may be tarnished if you do not temper your political views.Better to support a candidate than bash the other side. And, at all costs, avoid the “I don’t know how anyone could vote for [fill in the blank].” You are effectively calling those who disagree with you idiots. Not exactly the key to engagement.This article is not legal advice, should not be construed as applying to specific factual situations or as establishing an attorney-client relationship. Image credit: julief514 | Getty Images Partner in Employment Practice Group of Duane Morris The only list that measures privately-held company performance across multiple dimensions—not just revenue. Opinions expressed by Entrepreneur contributors are their own. With some guidelines in place, there’s nothing wrong with healthy political conversations. 2019 Entrepreneur 360 List –shares Apply Now »last_img read more

See More

Corolla Toyotas Car for the Masses Turns 50

first_imgToyota Next Article Here are some milestones along the way of Toyota Corolla’s success and where it stands today. 3 min read Corolla, Toyota’s Car for the Masses, Turns 50 November 7, 2016 The only list that measures privately-held company performance across multiple dimensions—not just revenue. Image credit: Toyota Motor Corporation | Handout via Reuters This story originally appeared on Reuters Add to Queue Reuters 2019 Entrepreneur 360 List This past weekend marked the 50th anniversary of the Toyota Corolla, one of the world’s best-selling cars.Since the first model went on sale in Japan on Nov. 5, 1966, some 44.3 million Corollas have been sold globally through the end of September, including the Corolla Fielder station wagon and other variants, the Japanese automaker says.Here are some milestones along the way and where it stands today.Car for the massesToyota Motor Corp’s first generation model of Corolla car is seen in this undated handout image and released by Toyota Motor Corporation.Image credit: Toyota Motor Corporation/Handout via ReutersIn the late 1950s, as Japan’s economy recovered from World War II, automakers aimed to produce an affordable car for the average family, most of whom didn’t have a vehicle.Toyota Motor Corp. first came out with the Publica, which wasn’t very well received. In 1966, it introduced the sportier two-door Corolla with a jaw-dropping plan: to build 30,000 of them a month at a time when Toyota’s total monthly production was 50,000 vehicles.The car sold well as Japanese consumers aspired to get the “3 C’s” — color TVs, cars and coolers (air conditioners). Three years after the launch, the Corolla became the country’s top-selling car and helped usher in an age of motorization in Japan.”Better than average”Toyota Motor Corp’s third generation model of Corolla car is seen in this undated handout image and released by Toyota Motor Corporation.Image credit: Toyota Motor Corporation/Handout via ReutersThe man in charge of developing the original Corolla, Tatsuo Hasegawa, had designed aircraft during the war, and incorporated some aircraft aerodynamics into the new car.His concept for the Corolla was “80-plus-points” — in short, a car with a more-than-passing grade on several counts that gave customers the feel of a better-than-average product.For the first-generation Corolla, the going-the-extra-mile “add-on” was its sportiness, despite being a family car. Hasegawa gave the car a 4-speed manual transmission operated by a gearshift on the floor, instead of the more typical 3-speed, column shifter at the time.The Corolla also had a 1,100cc engine, a bit larger than that of its rival, the Nissan Sunny.Toyota has stuck to its tradition of introducing new technologies to the masses with each remodeling of the Corolla. Now in its 11th generation in Japan, the car is made in 13 countries around the world and sold in more than 150 countries.No longer kingToyota Motor Corp’s 11th generation model of Corolla car is seen in this undated handout image and released by Toyota Motor Corporation.Image credit: Toyota Motor Corporation/Handout via ReutersAfter 33 straight years as Japan’s top-selling model, the Corolla lost the crown in Japan to rival Honda Motor’s Fit hatchback in 2002.It is now also outsold by the Toyota Aqua and Prius hybrid-only models as domestic customers opt for more fuel-efficient cars.The outlook at home is bleak, with the overall car market due to shrink further along with the population. Domestic sales of the Corolla are now about a quarter of their peak of around 400,000 in 1973. But the Corolla is still a cash cow in the United States, where it is the number-two best-selling passenger car model so far this year, behind only the Toyota Camry.(Reporting and writing by Malcolm Foster and Chang-Ran Kim; Editing by Simon Cameron-Moore) –shares Apply Now »last_img read more

See More