During her second visit to Vukovar-Srijem County, Ashley Colburn shot a three-minute promotional video that presents all the attractions, content, beauty and excitement of Vukovar-Srijem County.The cooperation of the Vukovar-Srijem County Tourist Board, local tourist towns and county municipalities with Ashley Colburn was co-financed through the Public Call for Joint Advertising in public and private sector promotional campaigns in 2016. AshleyColburn is a world-famous American blogger, winner of the prestigious Emmy Award in 2010 for the film about Croatia “WOW Croatia” in which she fell in love, settled and further researched, and Golden Pen, the award of the Croatian Tourist Board for promotional articles about Croatia .Related news: INITIATIVE LAUNCHED TO HELD TOURISM DAYS IN SLAVONIA NEXT YEAR!
“What happened in the futures contract the other day indicated things are starting to get bad earlier than expected,” said Frederick Lawrence, vice president of economics and international affairs at the Independent Petroleum Association of America.“People are getting notices from pipeline companies that say they can’t take their crude anymore. That means you’re shutting down the well yesterday.”Evidence of the erosion of value for a product that has been a mainstay of global society since the late 19th century abounded across the world last week.In Russia, one of the world’s top producers, the industry is considering resorting to burning its oil to take it off the market, sources told Reuters. The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of United States oil futures, which had never dropped below US$10 a barrel in its nearly 40-year history, plunged to a previously unthinkable minus $38 a barrel.In just a few months, the coronavirus pandemic has destroyed so much fuel demand as billions of people curtail travel that it has done what financial crashes, recessions and wars had failed to ever do – leave the United States with so much oil there was nowhere to put it.While the unusual circumstance of negative oil prices may not be repeated, many in the industry say it is a harbinger for more bleak days ahead, and that years of overinvestment will not correct in a period of weeks or even months. Norwegian oil giant Equinor slashed its quarterly dividend by two-thirds. Next week will bring earnings reports from the world’s largest oil companies including Exxon Mobil Corp, BP PLC and Royal Dutch Shell PLC. They are all expected to detail additional spending cuts, and investors will be watching closely for how those companies plan to manage dividends.US billionaire Harold Hamm’s Continental Resources Inc sent servicers out into fields in Oklahoma and North Dakota in the middle of the week to abruptly shut wells, and the company declared it could not make crude deliveries to customers due to poor economics.Continental’s decision to declare force majeure – usually reserved for wars, accidents or natural disasters – came as a shock, bringing a sharp response from the leading refinery industry group. But some say there is a logic behind it, even if it may not pass muster in court.“You sign contracts based on the average norms that a society has experienced over the last 100 years. If we have a new event that is not covered by those norms, it goes into force majeure. That’s what Harold Hamm and others are saying – that these are circumstances outside the norm,” said Anas Alhajji, an energy market expert based in Dallas.Even the long-rumored decision by the White House to tell Chevron Corp last week it could no longer operate in Venezuela, where it has had a presence for nearly 100 years, met with a shrug.“The global climate is terrible,” said one person close to a Western oil company in Venezuela. “The license almost didn’t matter anymore.”The market is forcing the hands of all producers. Across the world, governments and companies are preparing to shut down output, and many have already begun.The Organization of the Petroleum Exporting Countries and its allies had already committed to record cuts of 10 million barrels of daily supply that have yet to take full effect. That commitment was not enough to prevent oil’s fall below zero.Saudi Arabia has said it and other OPEC members are prepared to take further measures, but made no new commitments. It is a measure of the depth of demand destruction that even if OPEC stopped producing altogether, supply may still exceed demand.More than 600,000 barrels per day in production cuts have already been announced in the United States, along with another 300,000 bpd of shut-ins in Canada. Brazil’s state-run Petrobras has reduced output by 200,000 bpd.Azerbaijan, part of the group of nations known as OPEC+, is forcing a BP-led group to cut output for the first time ever. Oil majors in those countries have generally been excluded from government-imposed cuts.“We have never done it before since they came to the country in 1994 and signed the contract of the century,” a senior Azeri official told Reuters.That accommodation can no longer be made with the world running out of space to put oil. As of Thursday, energy researcher Kpler said onshore storage worldwide is now roughly 85 percent full.Demand is expected to fall by 29 million bpd in April, the International Energy Agency estimated. Paris-based IEA expects consumption to pick up in May, but researchers cautioned that its expectation of a mere 12 million bpd fall in year-over-year demand may be too optimistic.“I’m sure hearing the same numbers about demand destruction of 20 to 30 million barrels a day,” said Gene McGillian, analyst at Tradition Energy, who was working at the New York Mercantile Exchange when US crude futures were launched in 1983. “Until we see some kind of alleviation of that, you have to wonder what is in store.”Topics :
Ali added that the tendency to lessen punishments for graft convicts could paint a negative image of the country’s legal system as a whole.Read also: Supreme Court seeks to limit disparities in graft sentences through regulation“As the vanguard of justice, the KPK believes that this phenomenon will contribute to a poor public image […], which in turn will erode public trust in legal institutions,” he said, adding that corruption eradication efforts required a strong commitment and a shared vision within the legal system.Ali called on the Supreme Court to issue a regulation on such matters to ensure fair legal outcomes.A petition for judicial review contributed recently to the reduction of a prison sentence for National Awakening Party (PKB) lawmaker Musa Zainuddin, who was convicted of graft in 2017, from nine years to six years. (rfa)Topics : The Corruption Eradication Commission (KPK) has criticized the Supreme Court’s recent record of granting judicial reviews of graft cases that have often led to lighter punishments than what was originally decided.According to the KPK, at least 20 graft cases handled by the commission between 2019 and 2020 were “botched” by the Supreme Court’s supposedly lenient rulings.“The KPK is dismayed by the Supreme Court’s mounting approvals of case review requests,” KPK spokesperson Ali Fikri said in a statement on Monday as quoted by tribunnews.com.
November 29, 2016 By: J.J. Abbott, Deputy Press Secretary SHARE Email Facebook Twitter National Issues, The Blog, Voting & Elections All Pennsylvanians want to have confidence in the security and results of elections, and that’s why significant steps are in place to ensure that they can.Following every election, each county in Pennsylvania reviews and reconciles the unofficial elections results. This process is called the official canvass of votes and is completed and overseen by the return board, which is also a county’s bipartisan Board of Elections in many instances.First, counties compare the number of registered voters in each precinct to the numbered list of voters created at the polls on Election Day. Then, they compare the numbered list of voters to the number of votes recorded on the voting machines that appears on the results tapes printed at the close of polls. The return board then must investigate any discrepancies or irregularities among those records.The return board has the authority to summon the district election officers, machine inspectors, clerks and overseers during its investigation of any discrepancies. If warranted, the return board must turn over a report of the facts to the district attorney.The return board must carefully review the tally papers, or district totals cards and compare them to the totals tapes from the machines and reconcile them with the numbers on the general return sheets. During this process, the return board should ensure that all votes were properly compiled from all of the removable storage media associated with the voting machines in each precinct.As part of the official canvass, and before counties certify the vote totals, the return board must conduct a statistical recount of a random sample of ballots. By law, this occurs of all races in every election.Counties using optical scan voting systems must conduct the statistical recount via a hand count of ballots and must count every race on the ballot. Counties using direct recording electronic (DRE) voting systems must conduct the statistical recount via a hand count of the ballot images, or cast vote records, contained in the system, rather than the “totals tapes.”Voting systems must remain locked after the completion of the canvass, unless the return board is required to open them by court order or for purposes of an election contest.Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf How Pennsylvania Certifies the Vote After Every Election
Generic image.A LEADING real estate expert says an increase in sales volumes in Townsville is pointing to a rise in prices.Hotspotting website founder Terry Ryder’s Winter Price Predictor Index is forecasting that property prices in Townsville are about to start steadily increasing.In the report Mr Ryder classified Townsville’s property market as “steadily rising”, while he also included Townsville in the top 10 growth areas in the country.Mr Ryder said in his report that Townsville now had several suburbs with steadily rising markets. “Townsville is one of the nation’s comeback markets,” the report stated. “It is showing increasing signs of recovery from years in which the usually strong local economy struggled, thanks to the downturn in the resources sector and the closure of the city’s nickel refinery. “But there is mounting evidence of a revival, which is likely to gather pace as major events (such as the location of the headquarters for the $20 billion Adani mining project) start to take shape.” Mr Ryder warned against using median house prices as being indicative of property value as they were prone to creating statistical absurdities.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020Median house prices could be rising while at the same time property values might be falling as they often recorded the type of property selling and not the movement in values, he said.He said the Price Predictor Index was based on sale volumes. Mr Ryder has also named Townsville as one of the top 10 places in the country to invest.Townsville REIQ zone chairman Damien Keyes said when the market was low and prices had dropped was the perfect time to start buying for investors.“Prices are soft and the majority of people stop buying and that’s when you really want to buy,” Mr Keyes said.“You can buy and put some improvements on the property but you don’t have to completely transform it. “Then put a tenant in it and it looks after itself until the market does a quantum jump.“Our population hasn’t taken too much of a battering, we still have the biggest population outside of the southeast and sales volumes have increased in the last couple of months.“It’s too early to say it’s turned but I think we have every right to expect more of a movement into the recovery stage next year.”
Norway’s sovereign wealth fund – the world’s largest owner of equities – made its second highest return in percentage terms ever last year, topped only by the bounce back that followed the global financial crisis in 2009.Releasing annual results for the Government Pension Fund Global (GPFG) this morning, its manager Norges Bank Investment Management (NBIM) presented a picture of a fund now more heavily dominated by the stock of tech giants Apple, Microsoft and Alphabet, and finally having reached its strategic allocation to equities.Yngve Slyngstad, NBIM chief executive officer, said in its latest annual report: “2019 brought a record-high krone return of NOK1.692tn (€164bn), and the percentage return was the second-highest in the fund’s history, topped only by the rebound from the financial crisis in 2009.”The return of 19.9% for the year follows the 2018 loss of 6.2%, but is still below the 25.6% return the fund achieved in 2009 after the 23.3% loss it suffered the year before. The market value of the fund, which was created to invest Norway’s oil revenues, increased to NOK10.1tn at the end of 2019 from NOK8.3tn a year before, mainly on its investment returns, but also because of an NOK18bn transfer of capital from the government and the effect of the krone depreciating against several major currencies during the year, which added NOK127bn, NBIM reported.The net contribution into the oil fund from the government comes after 2018’s inflow, which followed a two-year period when for the first time the government was making net annual withdrawals from the fund.Of the GPFG’s three main asset classes, equities returned 26% last year, unlisted real estate investments produced 6.8% and fixed income investments generated 7.6%.The fund beat its benchmark by 0.23 percentage points, the Oslo-headquartered manager reported, saying stock picking had been the biggest single contributor to this outperformance.The executive board said in the annual report that of the three main categories of investment strategies the fund used, fund allocation had contributed negatively to the relative return, while security selection and asset management both contributed positively.“The single largest contribution to the relative return in 2019 came from internal security selection in equity management,” the board said.In terms of the three asset classes, the board said real estate management had made a negative contribution to the relative return, while both equity and fixed income management had made positive contributions in 2019. Yngve Slyngstad, chief executive officer at NBIMNBIM’s allocation to equities surged during the year to 70.8% from 66.3% at the end of 2018, while bonds declined to 26.5% of the GPFG from 30.7%. Unlisted real estate dipped to account for 2.7% of the fund from 3% in 2018.This level of equities exposure brings the sovereign wealth fund up to the strategic allocation to equities in its benchmark index of 70%, which was set in 2017.The fund boosted its equity investments particularly in the last two months of 2018 when stock markets around the world were falling, NBIM revealed a year ago.The oil fund’s holdings of technology giants ballooned in 2019, the annual report showed, with the top two increasing their size lead over the fund’s other top 10 equity investments.Investments in Apple jumped to NOK125bn at the end of last year including both equities and bonds, up from NOK70bn a year before, while holdings in Microsoft equities and debt rose to NOK106.9bn from NOK67bn.These holdings were much larger than the fund’s third biggest corporate exposure of NOK78.4bn to Alphabet, whereas in 2018 the gap between the second and the third on the list had been much narrower at around NOK4bn.
Sharing is caring! Share Share (L-R) Rhona Lawrence and Kim Gardier of CIBC First Caribbean International Bank and Mary Williams of the HIV/AIDS Response UniCIBC First Caribbean International Bank donated $3000.00 to the HIV/AIDS Response Unit on Monday.Business Support Officer at the Bank Rhona Lawrence told a presentation ceremony that the Bank has been assisting the Unit for several years in assisting students affected by the disease.“Over the years we have been providing assistance to the HIV/AIDS Unit also in the amount of $3,000.00 and that money is used to assist students who are either infected or affected with the HIV/AIDS virus”. Counselor of the National AIDS Program, Mary Williams who accepted the donation for the organization thanked the Bank for its continued assistance.That money she says will be used to “provide stationery or to assist with tuition for one of our students who is either living with or affected by HIV/AIDS or sometimes it could be used as well for various students”.Williams also appealed to other corporate citizens to assist the Unit in helping children affected by HIV/AIDS to obtain an education.CIBC First Caribbean also donated $3000.00 to Hilda Moise, an accounts student of the Dominica State College on Monday.Dominica Vibes News LocalNews FCIB donates $3,000 to HIV/AIDS Response Unit by: – March 20, 2012 50 Views no discussions Share Tweet
BOONE, Iowa (Sept. 2) – You couldn’t ask for a better day to start the 31st annual IMCA Speedway Motors Super Nationals fueled by Casey’s. Plenty of sunshine and temperatures in the low 70’s usher in the opening night program of America’s Racin’ Vacation at Boone Speedway. The Deery Brothers Summer Series for Late Models headlines a Monday card that also includes qualifying for both Hobby Stocks and Northern SportMods.Brian Harris is the point leader coming into the Labor Day Deery show. Tonight’s 50-lap main event will pay $3,000 to win and a minimum of $300 to start. Sunday saw 105 Northern SportMods and 83 Hobby Stocks go through pre-tech. An open practice session followed, before a complimentary chili feed and a rockin’ performance by the band Helferstout.Inspection for both divisions resumed Monday morning. By noon, another 75 SportMods and 44 Hobbies had gone through the tech tent. Two 25-lap qualifiers will determine the front eight starters in the inside and middle row for Saturday’s Hobby Stock main event.Northern SportMods run a single 25-lapper this evening to determine the front eight on the inside row of their Saturday grid. Tonganoxie, Kan., driver Ben Kates started his 2013 season in Arizona and traveled extensively in his home state before taking up residence in Boone this summer. In addition to the Harris Clash, you’ve probably seen his name in weekly results from tracks in central and northern Iowa. “I’ve raced all over the place, really,” said Kates, who turned 18 in July. “I really enjoy the competition here. This is definitely the place to be for SportMod racing.” He won once in five starts at Boone. Kates owns seven feature wins in 63 starts from his third full season in the division. “Last year I started eight at Super Nationals and I finished eighth,” he said. “I’ve never qualified on Monday so I’m hoping to change that this year.” Kates is keeping pretty fast company at Super Nationals and friend and competitor Carter VanDenBerg is pitted in the next stall. The first hot lap session started at 2 p.m. Racing begins at approximately 3 p.m.
As they celebrated their success over a Sunderland outfit whose shuddering halt to their mini-revival included a red card for Stephane Sessegnon, the home fans wasted no time in taunting Paolo Di Canio, who, when he came here with Swindon earlier this season, indicated Villa were on their way down. Ron Vlaar’s opening goal was cancelled out by Danny Rose’s clever finish. However, once Andreas Weimann restored the hosts’ lead, they never looked back. Benteke scored the next three goals to put the game out of the Black Cats’ reach before Gabriel Agbonlahor completed the rout. The touchpaper was lit by a pair of memorable strikes as Vlaar and Rose traded goals. After a couple of brave blocks inside the Sunderland penalty area, the ball shot back towards the halfway line, where Vlaar collected on the edge of the centre circle. The big Dutchman surged forward and netted from fully 30 yards. But the visitors hit back. Rose exchanged passes with Craig Gardner, then Danny Graham, and powered on into the box, delivering a superb finish. Yet Sunderland were soon caught with too many men forward, Matthew Lowton delivered a fine crossfield pass and an unmarked Weimann did the rest. And 10 minutes into the second period, Villa had a third as goalkeeper Simon Mignolet was deceived by Agbonlahor’s piledriver and Benteke, onside, was all alone to nod the rebound into an empty net. And he had only just got started on his evening’s work as he rose above Carlos Cuellar to steer home a far-post header before driving his third past a shellshocked Mignolet, his 22nd goal of an incredible campaign. In between, Sessegnon was dismissed for a tackle that flattened Yacouba Sylla and Sunderland’s misery was completed in the final minute as Agbonlahor raced round Mignolet to end the rout. Press Association Christian Benteke scored a second-half hat-trick as Aston Villa zoomed five points clear of the Barclays Premier League relegation zone following a 6-1 win over Sunderland.
The emails were published in a Sunday newspaper after copies were taken by a former personal assistant to the chief executive. Scudamore said in a statement released by the Premier League: “These were private emails exchanged between colleagues and friends of many years. Press Association “They were received from and sent to my private and confidential email address, which a temporary employee who was with the organisation for only a matter of weeks, should not have accessed and was under no instruction to do so. “Nonetheless I accept the contents are inappropriate and apologise for any offence caused, particularly to this person. “It was an error of judgement that I will not make again.” Premier League chief executive Richard Scudamore has issued an apology after private emails were published which contained “inappropriate” jokes about women.