Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), today said Tracey McDermott will not share insider information with Standard Chartered from her time at the FCA.Yesterday, McDermott, former acting chief executive of the FCA, said she would join Standard Chartered (SCB) as group head of corporate, public and regulatory affairs effective 20 March. Share whatsapp In a letter to Bill Winters, the boss of Standard Chartered, Bailey today said the FCA has discussed the “potential risk” that the insights and information McDermott gained in her roles at financial watchdog will benefit Standard Chartered ahead of other banks.”We agreed Tracey will not share with SCB confidential information that she received or obtained from her work at the FCA,” Bailey said.He added she will not appear before the FCA or participate in decision-making matters in which she had involvement at the FCA or where the watchdog has taken or will take regulatory action against Standard Chartered. “By regulatory action, I include any instances in which the FCA has commenced or commences investigations or uses statutory powers to obtain information against SCB,” he said.Read more: Are regulators getting soft? FCA fines fall 97 per cent Monday 30 January 2017 5:27 pm McDermott worked as acting head of the FCA from September 2015 to June 2016, and prior to that she held a number of senior roles, including director of enforcement and director of supervision.Yesterday, she said: “The opportunity to join the bank at this critical point in its history, and in a time of global change, is one which was too good to miss.”In her new role, Standard Chartered said she will work to build the group’s regulatory relationships and manage reputational risks.Read more: Former watchdog Tracey McDermott will join Standard Chartered whatsapp The FCA says Tracey McDermott won’t share confidential information in new Standard Chartered role Courtney Goldsmith Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoHealthyGemBaby Has Never Eaten Sugar Or Carbs, Wait Till You See Her TodayHealthyGemUndoTaco RelishSuspicious Pics That Are Fishier Than The SeaTaco RelishUndoMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity WeekUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndo read more

first_imgParcel delivery company City Link has gone into administration, putting 2,727 jobs at risk.Administrators Ernst & Young, called in by the Coventry-based company on Christmas Eve, said “substantial redundancies” would be made in the coming days. City Link’s owner, private equity firm Better Capital, had marked the company for sale after incurring “substantial losses” on the £40m it had poured into the company.Yet after failing to find a buyer, administrators were called in on Christmas Eve.The timing of the move has drawn fierce criticism, with RMT union general secretary Mick Cash describing it as “an absolute disgrace” in an interview with the BBC.City Link says it could no longer continue to accept new parcels. All of its depots will be closed until Monday when customers and recipients are urged to collect undelivered parcels as soon as possible.A small number of staff will be retained in order to help return parcels and assist with the winding down process.Better Capital bought the then loss-making City Link from Rentokil for just £1 in April 2013. Hunter Kelly, a partner at administrators Ernst & Young, said it had since failed to put the delivery company on the right path:City Link limited has incurred substantial losses over several years.These losses reflect a combination of intense competition in the sector, changing customer and parcel recipient preferences, and difficulties for the company in reducing its cost base.The strain of these losses became too great and all but used up Better Capital’s £40m investment, which was made in 2013 and intended to help turn around the company.Despite the low costs it offered to offer to customers, City Link failed to beat off the competition in the UK’s £7bn parcel delivery market. whatsapp Friday 26 December 2014 5:15 am Joe Hall Share City Link slips into administration threatening 2,727 jobs at Christmas More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKansas coach fired for using N-word toward Black playerthegrio.comWhy people are finding dryer sheets in their mailboxesnypost.comColin Kaepernick to publish book on abolishing the policethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp Show Comments ▼ Tags: NULLlast_img read more

first_imgID 33733835 © Dedi57 | Dreamstime.com By Sam Whelan 02/12/2020 DSV has taken the “extraordinary” step of chartering its own vessels to beat the China-Europe capacity crunch.Amid one of the worst-ever capacity and equipment shortages in container shipping, the forwarder has chartered three multipurpose vessels for a direct sailing from Shanghai to the Danish port of Aarhus later this month.A DSV spokesman told The Loadstar: “For now, this is only for one trip with each of the three 700-1,200 teu vessels. It is an offer for multiple customers and includes all regular types of containers and all general kinds of cargo.“We have connected with our regular suppliers and have been able to secure containers from many different depots/suppliers.”According to Lars Jensen, CEO of SeaIntelligence Consulting, DSV’s move is “another indication of the current extreme strength of the Asia-Europe container trade”.He said DSV leasing its own small pool of containers had allowed it to circumvent the “scarcity of vessel space and equipment plaguing the market”.Most vessels on the Asia-Europe tradelane are ultra-large container vessels of 18,000 teu and above, Mr Jensen noted, which provide carriers with low slot costs.“Hence the deployment of tiny 650 teu vessels is a good indication that freight rates have reached levels where unusual alternatives now become viable,” he added. “This might also be an indication that we are approaching a test of the upper limits of the spot rates charged by the carriers.”Indeed, while the lucrative transpacific trade has contributed to the lack of containers for European importers, China-Europe rates have also seen large spikes on the spot market, including a 20% rise on last week’s Shanghai Containerized Freight Index (SCFI) to $2,091 per teu.The actual rate is likely much higher, however, with carriers levying a raft of congestion and peak season surcharges and no-roll premiums. One forwarder said the real rate was “more like $3,500-$4,000”.Nevertheless, Mr Jensen said, it was unlikely other big forwarders would follow DSV’s lead in chartering vessels. He told The Loadstar: “Problem number one is the availability of suitable vessels; there is a scarcity and charter rates are increasing sharply. Even worse, it is very difficult now to get hold of empty containers.”And one shipping consultant said: “DSV has obviously calculated that, based on the current inflated spot rates, it makes financial sense. But its back-of-an-envelope calculations probably don’t allow for other expenses from running ships and services.“I doubt it will end well and DSV would do better to leave it to the carriers to take the risk –  although, it might just give the carriers the kick up the backside they need to get their house in order.”DSV’s spokesman said the charter costs were “in-line with the very high market we see in December”.He added: “Our decision is not cost-driven as much as it is to secure space and guarantee  shorter transit time to our many customers in dire need, due to the difficult market.”Meanwhile, the forwarder’s foray into the charter market is another example of the vertical integration seen throughout the industry this year, most notably with Maerk’s push to become an logistics integrator and DP World’s acquisition of multiple feeder lines.However, Mr Jensen said he viewed DSV’s charter play as a one-off.“It is providing an ad hoc service which is commercially feasible due to the highly unusual circumstances in the market right now. It is not a long-term feasible product and, hence, can also not really be seen in a strategic context, such as what Maersk is doing.”last_img read more

first_img By Aedín Dunne – 3rd October 2019 Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Facebook Facebook GAA Pinterest Twitter Young Ireland Gaelic Football Club, Sydney, are inviting all former members, team mates and their friends and family to celebrate 50 years as a club.The celebration will take place in the Midlands Park Hotel in Portlaoise for an evening of stories, music and celebration this Saturday, October 5.Tickets will include music, entertainment and a three course meal as well as a number of special guests on the night.The huge Laois presence in the club want to provide an opportunity for old friends to get together and for each generation of Young Ireland teams to meet those that have gone before them and carried on the club traditions since.Who are Young Ireland Gaelic Football Club?Young Ireland GFC is one of the oldest and most successful clubs in Australia, winning championships from 1969 to present.The club has a proud place in the hearts of all Irish emigrants based in Sydney and has provided a home away from home for people from the day it was formed.In 1969 the Gaelic Club was the hottest Irish spot for dancing in Sydney, enabling generations of British and Irish people to start new lives in Australia.Fifty years ago, a group of Irish immigrants got together, for friendship, fitness and for the craic, to form a GAA Club in Sydney – that Club? Young Ireland GAA Club. WhatsApp Here are all of Wednesday’s Laois GAA results The club has provided generations of Irish men and women, new arrivals to Sydney, with a family, friendship, some Championship medals and a home away from home.The club in Sydney have already marked 50 years this year with a range of events including a tournament in the Bat and Ball Oval, where the first YI match was played 50 years ago and now, it’s time to hit Portlaoise!Tickets can be purchased here!Local players involved with Young Irelands over the last 20 years:PortlaoiseAidan ColemanRichie CossTommy MulliganPauric PhelanFergal FennellJason Lalor Niall FitzpatrickBrian FitzpatrickCaroline Fitzpatrick Brian Bohane Michael Fennelly Tommy FitzgeraldDennis KavanaghAllan DalyGrellan DelaneyGillian O’Brien Mark MulliganBallyfinPaddy HylandBarry CarollPaul DunphyMichelle FinnShanahoeMargerite SidesThe HeathSeamus Mulhare Mick LenihanMarty Dowling Joe SalmonNoelle HylandEmer TraceyAine FingletonClonasleeDeclan RooneyMark RooneySharon RooneyKieran Hogan MountmellickMartin FordeFrankie MitchellJohn GormelyAnthony QuigleyThe RockEoin (Bull) DooleyJunior HardingBrian ConlonTerence ConlonKieran Conroy EmoNiall WheelerDarren Strong Michael Dowling James Flavin Rory MooreSt. JosephsColm KellyAaron MooreJohn LalorJohn FlemingGraiguecullenSean Kinsella TimahoeMiguel DelaneyPark-RatheniskaBosco Ramsbottom BallyroanShona PhelanNicole PhelanPaddy LalorAnnanoughDonal MillerBallinakillJames WalshPortarlingtonDavid MurphyPaddy MurphyBrian WhelanAdrian WhelanPaul MaherLizzie EmersonGracefieldPadraig MareeBryan SmithPeter SmartWalsh IslandJames GallagherDeclan RooneyDonal Miller, Dec Rooney, Mick Lenihan, Martin Forde, David Kelly, Richie Coss, Jason Lalor and Paddy LalorRichie Coss, Tommy Mulligan, Seamus Mulhare, Mick LenihanSEE ALSO – Moment in Time: Some great photos from 2009 Junior Cert results day in Heywood GAA center_img Pinterest WhatsApp Previous articleDeaths in Laois – Thursday, October 3, 2019Next articleMoment in Time: 2008 Junior Cert Results Party Aedín DunneAedín graduated from University of Limerick with a degree in Journalism and New Media. She is a proud Townie with a passion for all things sports and doesn’t like to speak about the 2016 blip in Portlaoise’s bid to 10-in-a-row. GAA RELATED ARTICLESMORE FROM AUTHOR A Sydney GAA club to mark 50-year milestone in Portlaoise this weekend Twitter Home Sport GAA A Sydney GAA club to mark 50-year milestone in Portlaoise this weekend SportGAA TAGSAustraliaSydneyYoung Irelands 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshinlast_img read more

first_imgNews RELATED ARTICLESMORE FROM AUTHOR By Yoo Gwan Hee – 2010.01.20 4:27pm AvatarYoo Gwan Hee Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak SHARE As predicted by experts on North Korea’s economy, since the authorities have yet to officially release state prices, the North Korean people are now surviving by bartering. A defector, who spoke with his family in North Hamkyung Province on Tuesday, reported the news to the Daily NK, “I called my family to send some money to them as I had heard they were in trouble, and they told me that the current situation is unspeakably terrible. They live only by bartering with others.”He explained further, “For now, state-designated prices are still not public, so people think that selling goods for cash now would mean making a loss. Therefore, bartering has become the main method of trading for the people.” According to the defector, the barter value of products is decided according to their value in old money. For instance, before the currency redenomination, one Pollack was 1,500 won and a kilogram of corn was 900 won, so people barter one Pollack for a little less than two kilograms of corn. Other products are dealt with in the same way. Barter trade is carried out only privately in homes so as to avoid detection. The source noted, “People complain that the authorities keep stressing the idea of a strong country in the 21st century while the people’s living conditions are no different from in ancient times.” He added, “On January 8, people had a day off for Kim Jong Eun’s birthday, but it did not interest them. The succession issue cannot hold people’s interest; they just want everything to be put in order.” News center_img News Facebook Twitter News There are signs that North Korea is running into serious difficulties with its corn harvest Bartering is Back in North Korea North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

first_img Companies Horizons ETFs Management (Canada) Inc. With a hypothetical return of 17.9% over a six-week period, Anouchka Lemieux of Montreal, has been named the winner of the 3rd Horizons ETFs Biggest Winner Competition, which was promoted by Horizons ETFs Management (Canada) Inc. and sponsored by National Bank Direct Brokerage Inc. (NBDB). Lemieux’s top portfolio performance earned her the grand prize of $7,500 in cash. Share this article and your comments with peers on social media Facebook LinkedIn Twittercenter_img Nearly 1,400 people participated in the competition, which ran from October 7 to November 15. The competition used virtual online brokerage accounts, in which each participant started with $100,000 in fantasy dollars. Participants were able to buy or sell, on a hypothetical basis, any of the 73 exchange traded funds (ETFs) offered by Horizons ETFs, at any time throughout regular trading days. The competition’s website received nearly 35,000 unique visitors and had more than 16,500 trades placed, making it by far the most popular Biggest Winner contest to date. “Each time we run this competition, it gets bigger and better,” says Howard Atkinson, President of Horizons ETFs. “Participants seem to be getting better as well, since each of the top 20 portfolios this time around generated returns of 10% or more. This is a phenomenal achievement for a six-week investment period.” Lemieux’s top trade came from a well-timed purchase of the Horizons BetaPro S&P 500 VIX Short-Term Futures™ Inverse ETF (TSX:HVI), which seeks to deliver the inverse performance of the S&P 500 VIX Short-Term Futures Index. She held that position for 41 days, generating a hypothetical profit of more than $9,700 for her portfolio. None of the competition’s winners were advisors or professional money managers. Eighty-two per cent of registered participants described themselves as investors without financial advisors, and 65% said they had never traded ETFs before. IE Staff last_img read more

first_img Related news Rudy Mezzetta Wealthsimple sells U.S. biz to Betterment Share this article and your comments with peers on social media Keywords Robo-advisors Robo-advisors and other digital investment management platforms will increasingly challenge traditional wealth-management providers to adapt to quickly evolving consumer expectations or risk losing the next generation of investors, according to Jesse McWaters, a financial innovation specialist with the World Economic Forum in New York. “The question, in a sense, that’s asked being asked by robo-advisors is, ‘If you are 28 or 29 years old, you have your first really good job, you’re out of college, do you really need personalized advice?’,” says McWaters, who spoke at the RFi Canadian Payments Forum in Toronto on Tuesday on the subject of the “fintech” disruption facing the financial services sector. Facebook LinkedIn Twitter Wealthsimple raising $750 million in latest financing deal, valuation hits $5 billion Younger clients, who are accustomed to accessing convenient and low-cost digital solutions in other aspects of their lives, are increasingly giving traditional providers a pass, and turning instead to digital platforms such as robo-advisors and digital peer-to-peer lenders, he said. “It’s not just about getting a better rate, it’s not just about getting access to credit that you might not have previously had, customers who use the platforms often [say that] fundamental usability is one of the things that drives them to it,” says McWaters. Traditional wealth-management providers, McWaters acknowledges, have “an enormous head start in terms of scale,” adding that disruptive technology would not necessarily change which names dominate the wealth-management space in the future. Indeed, over the past year or so, several major financial services firms in the U.S. have launched their own robo-advisor platforms. “The day that [U.S. brokerage firm] Charles Schwab turned on its Intelligent Portfolios robo-advisor [earlier this year], it had US$500 million in assets under management because it rolled over a bunch of clients,” he says. In Canada, several of the big banks are either planning to launch a robo-advisor platform or are considering doing so. There are currently about 10 independent robo-advisors already operating in this country. “You have a very, very engaged younger demographic in the 18-24 and 25-34 age ranges starting to move through the market,” says Charles Green, group CEO of RFI Group, an Australia-based financial services research firm. “The challenge for the Canadian banks is to see that coming, to anticipate and engage with them and work out what digital core position is going to be a winning proposition for those customers.” However, new digital wealth-management providers, in contrast to the established players, have the luxury to enter the competitive market in highly targeted ways without being tied down by capital-intensive legacy operations, McWaters says. They can choose to provide services where customer frustration with existing providers is highest and where the profit margin is the largest. “Silicon Valley would argue that it has a special mojo for creating experiences that don’t just satisfy consumers, but delight them,” McWaters says. “They understand, in some fundamental way, the needs and the attitudes of the millennial generation.” The rise of the robo-advisor channel will likely lead traditional providers to sharpen their value proposition in the full-service space while, at the same time, look for ways to broaden their appeal to a mass affluent consumer base, he says. “Robo-advisors have, in a sense, thrown down the guantlet,” McWaters says. “The role of the physical advisor is to respond by showing where and when that advice is most valuable and where it can command higher fees than just for these basic [asset-allocation] services.” BMO’s adviceDirect launches premium servicelast_img read more

first_imgUS$246 Million to Support Poor and Vulnerable Lebanese Households and Build-Up Social Safety Net Delivery System The World Bank Group’s Board of Executive Directors approved today a US$246 million new project to provide emergency cash transfers and access to social services to approximately 786,000 poor and vulnerable Lebanese reeling under the pressure of Lebanon’s economic and COVID-19 crises. The Emergency Crisis and COVID-19 Response Social Safety Net Project (ESSN) will also support the development of a comprehensive national social safety nets system to allow a better response to ongoing and future shocks.Lebanon has been facing compounded and unprecedented crises. A severe economic and financial crisis led to a projected 19.2% decline in GDP in 2020, triple digit inflation and a projected increase in poverty to 45% and in extreme poverty to 22%. Approximately 1.7 million people are estimated to fall under the poverty line, of which 841,000 people will be under the food poverty line. The situation has been further compounded by the COVID-19 pandemic with the recent alarming surge in the number of infected cases, a severely strained health and medical system and the devastating economic impact of lockdowns on jobs and livelihoods. Finally, the Port of Beirut explosion on August 4 resulted in the loss of precious lives and livelihoods, left ravaging damages estimated in the range of US$3.8-4.6 billion and lead to further migration and brain drain. Lebanon has also been facing the repercussions of a 10-year long Syria crisis causing a severe drain on public service delivery and resources: Lebanon hosts the largest per capita share of displaced Syrians, accounting to a quarter of its population.“The consequences of these repeated shocks on the economic well-being of households is far-reaching and potentially disastrous”, said Saroj Kumar Jha, World Bank Mashreq Regional Director. “With poverty and inequality on the rise, social stability is at risk and hard-won gains in human capital investment can be easily reversed. This new project will support the expansion of the national poverty targeting program to protect poor and vulnerable households, particularly female-headed households and those with disabled or elderly people.”The ESSN project will provide 147,000 extreme poor Lebanese households (approximately 786,000 individuals) with cash assistance for one year. Eligible households will receive a monthly transfer of LBP 100,000 per household member, in addition to a flat amount of LBP 200,000 per household. The transfer value per household will be uploaded monthly onto a pre-paid card issued by a financial service provider and distributed to beneficiary households who can cash out the amount at automated teller machines, or use it to make electronic payments for purchases in a network of food shops. Furthermore, 87,000 children between the ages of 13-18 year will receive a top-up cash transfer to cover the direct costs of schooling including school registration fees, parents’ council fees, school textbooks costs, transport and school uniform expenses, and computer equipment and/or internet connectivity to enable remote learning. School fees will be paid directly to the respective schools.The ESSN will scale-up and enhance Lebanon’s National Poverty Targeting Program (NPTP) launched in 2011 with support from the World Bank. Like the NPTP, the ESSN will adopt the Proxy Means Testing (PMT) targeting methodology to identify eligible beneficiary households across all Lebanese territories, as well as categorical targeting to prioritize socially vulnerable groups. The PMT methodology assesses households’ eligibility depending on a poverty score calculated based on their wealth, assets, demographic characteristics that are correlated with poverty. All potential beneficiaries will be assessed and verified before being declared eligible for assistance. Building on the experience in the implementation of the NPTP, the World Food Programme (WFP) will be contracted for the implementation of the cash-based assistance.The ESSN will also support increased access to quality social services provided by the Social Development Centers of the Ministry of Social Affairs for 100,000 individuals from poor and vulnerable households, and will provide social workers at the Ministry and centers’ levels with capacity building activities to enable them to better carry out their functions.“More importantly, to ensure sustainability, the ESSN will support the development of a comprehensive social safety net delivery system that can respond to future shocks”, said Haneen Sayed, World Bank Lead Operations Officer and Task Team Leader. “Such a system will be based on an integrated National Social Registry to be established by the Government of Lebanon that would allow the prompt and efficient identification of households to receive social assistance based on an assessment of their needs and living conditions.”The ESSN project will be implemented by the Presidency of the Council of Ministers through the NPTP Central Management Unit in cooperation with the Ministry of Social Affairs and the Ministry of Education and Higher Education and under the guidance of the Inter-Ministerial Committee for Social Affairs chaired by the Prime Minister which is also in charge of developing a comprehensive social development strategy for Lebanon.The ESSN project will adopt a robust Grievance Redress Mechanism to ensure queries and complaints are resolved in a prompt, efficient and transparent manner. An independent Third-Party Monitoring Agent will be recruited to verify eligibility and to confirm that payments have been duly made to end beneficiaries. Furthermore, an Expert Advisory Group composed of local experts from academia, think-tanks, and civil society in the fields of poverty and social policy will be established to provide guidance to the ESSN technical committee and ensure continuous engagement with stakeholders. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:education, Emergency, explosion, GDP, Government, inequality, inflation, Investment, migration, presidency, Prime Minister, Social Development, social services, social work, sustainability, World Banklast_img read more

first_img ‹ Previous Next › See More Videos COMMENTSSHARE YOUR THOUGHTS Two Lincoln Limousines used by former U.S. president John F. Kennedy are coming up for sale as part of The American Presidential Experience sale.The white vehicle, known as “Limo One,” was used on Kennedy’s fatal trip to Texas, but was not the car that he was killed in, according to FordAuthority.com.The black open convertible Continental that JFK was assassinated in remains at the Henry Ford Museum in Michigan. Trending in Canada These vehicles would look awesome in any car collection, even if tucked away in the back and to the left. The auction will take place on October 14, and will be held by Bonham’s in New York. Trending Videos First Look: 2022 Lexus NX The sport-cute’s looks have been softened, but its powertrains and infotainment offerings have been sharpenedcenter_img The Rolls-Royce Boat Tail may be the most expensive new car ever advertisement We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca RELATED TAGSContinentalFordLincolnConvertibleNon-LuxuryClassic CarsClassic Cars & TrucksNew VehiclesNon-Luxury On the morning of November 22, 1963, the white 1963 Lincoln Continental convertible drove the President, Jackie Kennedy, and Texas Governor John Connally from a hotel in Fort Worth, Texas, to a breakfast where Kennedy gave a speech, and eventually to the airport for his flight to Dallas. Kennedy would be assassinated later that afternoon in Dallas.The white vehicle was loaned by Bill Golightly of Golightly Auto Sales, and has been given a replacement engine, as well as new body panels and paint; the red interior is said to be original, however.The second vehicle for sale is a 1960 Lincoln Continental Mark V Executive limo, which was used by Kennedy for his trips around Washington. It was built by Hess and Eisenhardt and fitted with bulletproof doors, a divider window, passenger air controls, power steering and brakes, and a two-way telephone in the back seat. It has also received a full restoration, except the interior. last_img read more

first_img“We all create demand for natural gas so we have to accept some of the outcomes of its extraction,” said Professor Joseph Ryan of CU-Boulder’s civil, environmental and architectural engineering department. “Our goal is to provide a framework for society to evaluate the trade-offs associated with the benefits and costs of natural gas development.” Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Categories:AcademicsScience & TechnologyGetting InvolvedArts & HumanitiesEnvironmentCampus CommunityNews Headlines Published: Oct. 2, 2012 center_img Credit: Alfred Eustes, Colorado School of Mines The National Science Foundation has awarded a $12 million grant to a University of Colorado Boulder-led team to explore ways to maximize the benefits of natural gas development while minimizing negative impacts on ecosystems and communities.Led by Professor Joseph Ryan of CU-Boulder’s civil, environmental and architectural engineering department, the team will examine social, ecological and economic aspects of the development of natural gas resources and the protection of air and water resources. A part of NSF’s Sustainability Research Network initiative, or SRN, the project will focus on the Rocky Mountain region, where natural gas development, as well as objections to it, are increasing.“We all create demand for natural gas so we have to accept some of the outcomes of its extraction,” said Ryan.  “Our goal is to provide a framework for society to evaluate the trade-offs associated with the benefits and costs of natural gas development.”The SRN team assembled by Ryan includes air and water quality experts, social scientists, human health experts, information technology experts and a substantial outreach and education effort.  The SRN team will be advised by an external committee that includes representatives of the oil and gas industry, regulatory agencies, environmental organizations, local governments, academia and Native American tribes.  Preparation of the SRN proposal to the NSF was fostered by CU-Boulder’s Office for University Outreach, which supported the creation of the Colorado Water and Energy Research Center, said Ryan.As part of the effort, Ryan said team members will review industry practices for hydraulic fracturing, which involves pumping pressurized water, sand and chemicals deep down well bores to crack rocks and free petroleum and natural gas for easier extraction. The team will evaluate the current state of drilling technology, the integrity of well bore casings and natural gas collection mechanisms and processes.Hydraulic fracturing requires large volumes of chemically treated water — most wells require between 3 million and 5 million gallons of water each, say experts.  The fracturing fluid left in the ground, as well as the fluid that returns to the surface, known as “flowback,” present potential ecological and health risks if not handled properly, Ryan said.While oil and gas extractions from hydraulic fracturing also result in atmospheric emissions of some greenhouse gases and volatile organic compounds, natural gas is nevertheless seen by many as a “bridge fuel” that leads away from dirty coal combustion toward cleaner sustainability methods, said Patrick Bourgeron, associate director of the SRN and a fellow at CU-Boulder’s Institute for Arctic and Alpine Research.As part of the project, a team led by CU-Boulder Professor Harihar Rajaram will be investigating the hydrologic processes tied to potential risks of natural gas and oil extraction, including groundwater and aquifer systems.  The team also plans to assess the risk of natural gas and oil extraction to water quality and mitigation strategies that involve improvements in current water treatment technology.Professor Jana Milford of CU-Boulder’s mechanical engineering department will lead a team monitoring and modeling the potential risks of natural gas and oil development to air quality. Professor John Adgate of the Colorado School of Public Health in Denver will spearhead a team assessing the potential risks of natural gas development to public health.Other partners on the CU-led NSF project include the Colorado School of Mines, Colorado State University, the University Corporation for Atmospheric Research in Boulder, the National Renewable Energy Laboratory in Golden, Colo., the National Oceanic and Atmospheric Administration, the University of Michigan and California State Polytechnic University Pomona.Attitudes toward natural gas extraction using hydraulic fracturing vary widely around the West, said CU-Boulder Professor Mark Williams, a co-investigator on the project. One classic Colorado example is Boulder County and adjoining Weld County to the northeast. “The geology doesn’t change, the price of gas doesn’t change and the extraction methods are the same,” he said. “But for the most part, Boulder County opposes hydraulic fracturing while Weld County generally embraces it.”Ryan said the network’s research findings eventually will be shared with the public through an extensive outreach and education effort led by SRN co-investigator and CU-Boulder Professor Patricia Limerick of the Center of the American West. The effort includes a “citizen science” component in which the public is encouraged to make science measurements, including air quality readings made with portable instruments compatible with smart phones, and share the results with the SRN research team.“The citizen science aspect of this effort will result in a stronger connection between the public and the science used to make regulatory decisions,” said Professor Michael Hannigan of CU-Boulder’s mechanical engineering department and one of the co-investigators on the SRN project.Natural gas production, especially the use of hydraulic fracturing, has become the subject of intense controversy, said Limerick. “Some people living in proximity to well sites are understandably worried and anxious, often feeling powerless as they confront a possible threat to their health and to the quality of their lives.“Environmental advocates find themselves pulled between the climate benefits of natural gas, which releases significantly less carbon in combustion than coal, and the disturbances associated with natural gas extraction,” she said.Outreach events will include periodic town hall meetings around the West. There also will be SRN meetings involving engineers, natural scientists and social scientists to stay abreast of the latest technologies and evolving socioeconomic factors regarding natural gas production, Limerick said.“Unraveling complex processes involving Earth systems, especially the coupling of human activities and climate, depends increasingly on partnerships among natural science, philosophy and ethics, economics, social science, mathematics and engineering,” says Marge Cavanaugh, NSF acting assistant director for geosciences.The CU-led research team and a second team from Penn State were chosen from more than 200 SRN proposals by the NSF as part of its Science, Engineering and Education for Sustainability program. The $12 million award to CU-Boulder is for five years.Contact: Joseph Ryan, [email protected] Jim Scott, CU media relations, [email protected]last_img read more