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Bridgestone’s Mark Emkes to Retire

first_imgNASHVILLE, Tenn. — Mark Emkes will retire as chairman, CEO and president of Bridgestone Americas (BSAM) as of Feb. 28, after more than 33 years of service with the Bridgestone family of companies. He will also retire from his position as a member of the boards of directors of BSAM and Bridgestone Corp., BSAM’s parent company.AdvertisementClick Here to Read MoreAdvertisement With Emkes’ retirement from BSAM, the company will separate the offices of chairman of the board and CEO in order to further enhance the company’s corporate governance structure and more clearly differentiate the responsibilities and accountabilities of BSAM’s senior management offices, the company said. Effective March 1, the company has named Asahiko “Duke” Nishiyama as chairman and Gary Garfield as CEO and president. Reporting to Garfield will be Eduardo Minardi, who will be named BSAM’s COO, and Ken Weaver, the current chairman, CEO and president of BSAM’s subsidiary, Firestone Diversified Products LLC. Reporting to Minardi will be Larry Magee, chairman, CEO and president of Bridgestone Retail Operations LLC. Minardi will also assume the offices of chairman, CEO and president of Bridgestone Americas Tire Operations, the business unit which consists of BSAM’s Latin American tire operations and the U.S. and Canadian consumer and commercial tire businesses. “We are grateful to Mark for his many years of leadership and the energy and passion with which he has served the Bridgestone family of companies,” said Shoshi Arakawa, chairman, CEO and president of Bridgestone Corp. “We wish him all the best in his retirement.”Advertisement Emkes announced his retirement in an open letter to Bridgestone Americas teammates released last week. “Words can’t express the gratitude I have towards this company and to all of you who have helped make it the best place to spend the last 33 years. You will never be able to imagine the respect I have for our Bridgestone Americas teammates and the company they represent. You have been tremendously successful — even in the face of the most dire economic climate since the Great Depression — and I thank you for allowing me to be a part of your success.” Separately, Emkes remarked, “I’m excited about the leadership the new management team will bring Bridgestone Americas. While each is a veteran of the Bridgestone Americas family, they have many innovative ideas that will serve the company well into the future.” (Tire Review)last_img read more

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2020 Revision Of Los Alamos National Laboratory Hazardous Waste Facility Permit Community Relations Plan

first_imgLos Alamos National Laboratory. Courtesy/LANLLANL News:The updated Los Alamos National Laboratory Hazardous Waste Facility Permit 2020 Community Relations Plan is now available online.This plan is updated annually to include necessary changes and public comments received during the year. The updated plan is posted annually Sept. 1 in compliance with the Los Alamos National Laboratory Hazardous Waste Facility Permit (EPA ID No. NM0890010515).LANL welcomes comments year round. Comments can be submitted by email using the Comments Form linked at the Community Relations Plan web page or by mail by completing, printing, and mailing the attached form to:Environmental Communication & Public InvolvementLos Alamos National LaboratoryP. O. Box 1663 MS K491Los Alamos, NM 87545For more information, visit the Community Relations Plan web page.last_img read more

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School News

first_imgRiverhead Central School DistrictRiverhead Central School DistrictRiverhead High School NJROTC cadets learned more about the U.S.S. Constitution in Boston Harbor on a recent trip.Riverhead Central School DistrictRachel Hubbard, Kyle Ruschin, and Kelsey Squires are three of six students from Riverhead Middle School to be named winners in the annual VFW Patriot’s Pen essay contest.Riverhead High School NJROTC cadets recently visited national heritage sites and military installations in New London, Connecticut; Newport, Rhode Island; and Boston, Massachusetts. During the informative tour, students explored the historic Breakers mansion and the USS Constitution.In other school news, six Riverhead Middle School students earned accolades from the Veterans of Foreign Wars’ Van Rensselaer-Skidmore Post 2476 for essays they wrote for the Patriot’s Pen essay contest.The students’ winning essays were selected from a field of more than 700 written pieces. The district extends its congratulations to Matthew Alonso, Joseph McCormack, Rachel Hubbard, Kyle Ruschin, Kelsey Squires, and Riley Wendt.Riley Avenue Elementary School fourth-graders, using paper, glue, markers, and recycled items, engineered a variety of inventions as part of a project held to honor Earth Day and enhance STEAM (Science, Technology, Engineering, Art, and Math) skills.The STEAM challenge was conducted in conjunction with the Town of Riverhead Recreation Department, which invited the students to envision, design, and build an invention to showcase in its Future Engineers Gallery at the George Young Community Center on April 21. In addition to Earth Day, the exercise supported National Library Week and the district’s STEAM initiatives and Maker Movement.Hampton Bays School DistrictThe members of Hampton Bays Elementary School’s community service club, K-Kids, recently raised more than $400 for the Ronald McDonald House as part of a kickball fundraiser. The students garnered sponsorships from friends and family to play an hourlong kickball game.Southampton School DistrictSouthampton High School teacher Kim Milton is selected as the 2018 recipient of the Suffolk Section of the Science Teachers Association of New York State’s High School Science Teacher of the Year Award. Milton is an earth science teacher and K-2 science curriculum liaison.A 10-year veteran of Southampton High School, Milton joins an elite group of science educators who have demonstrated that they are not only outstanding classroom teachers, but have endeavored to provide students and teachers with programs and strategies for the advancement of science education in and outside of the classroom.Milton, a Riverhead resident who is a national board-certified teacher, is part of the National Science Teachers Association and New York State Master Teacher Program.Tuckahoe School DistrictMetropolitan Transit Authority police officers John Matarazzo and Tom Merkel visited Ms. Verdeschi’s seventh-grade Lion’s Quest classes to speak about their careers and about staying safe.Environmental Conservation Officer Rob McCabe met with Tuckahoe seventh graders in the Tuckahoe School Library to share information and his experiences protecting our local environment. A good time was had by all because the officers were very entertaining, as well as informative and inspirational.Westhampton Beach School DistrictWesthampton Beach School DistrictWesthampton Beach Elementary School students celebrated Earth Day by participating in a number of activities on April 20.Westhampton Beach Elementary School students celebrated Earth Day by participating in a number of activities on April 20.They reduced and reused by making crafts out of toilet paper rolls, pledged to take care of the planet, wrote poetry about the planet and donated to the Quogue Wildlife Rescue through a Coins for Creatures fundraiser. Sharelast_img read more

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Ithaca’s Profit Increases to USD 145 Million

first_imgIthaca Energy Inc. announced its financial results for the twelve months ended 31 December 2013, independently assessed year-end reserves and an operations update.The company reported growth in cashflow by 170% ( 2013 $ 244 million – 2012 $90 million ), resulting in cashflow per share of $0.81 (2012: $0.35). Profit after tax increased by approximately 55% to $145 million (2012: $93 million), generating earnings per share of $0.48 (2012: $0.36)Acquisition of Valiant Petroleum plc (“Valiant”) also delivered Material broadening of the producing asset portfolio and further financial strengthening.Net proven and probable (“2P”) reserves of 58 million barrels of oil equivalent (“MMboe”) at 31 December 2013, resulted in the delivery of a compound annual growth rate of approximately 11% since 2009.Significant progress has been made on execution and de-risking of the Greater Stella Area (“GSA”) development during 2013, with start-up of production from the hub scheduled for the end of 2014.The company has also been awarded post year-end contracts for the export of oil from the GSA hub directly to market via offshore loading to shuttle tankers, with the infrastructure scheduled for installation by Technip during the 2014 offshore campaign.Department of Energy and Climate Change (“DECC”) awarded Ithaca with “Don North East”  licence, providing access to tangible upside to the Company’s existing Dons position.Lastly, The Company reported appointment of Alec Carstairs  as a Non-Executive Director of the Company.Les Thomas, Chief Executive Officer, commented: “2013 marked a step-change in the development of the Company. Production, cashflow and reserves were all materially enhanced through the acquisition of Valiant. Significant progress and de-risking was achieved on all aspects of the Greater Stella Area development during the year.  While delivery of first hydrocarbons from the hub remains the main focus of near term growth, we continue to look for new North Sea opportunities to drive additional longer term shareholder value”.March 31, 2014last_img read more

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What are garden cities worth?

first_imgSubscribe now for unlimited access Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletters To continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Get your free guest access  SIGN UP TODAY Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our communitylast_img read more

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Can a duty of care be owed to a non-existent party?

first_imgTo continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Get your free guest access  SIGN UP TODAY Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community Subscribe now for unlimited access Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletterslast_img read more

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U.S. impressed by Ethiopia-Eritrea peace developments

first_imgEthiopia and Eritrea reach peace deal The United States has expressed satisfaction with the recent progress Ethiopia and Eritrea have made in resolving longstanding differences.The two countries engaged in a border war from 1998-2000, killing tens of thousands of people and forcing millions others to flee their homes.Disputes over the still-militarized frontier, particularly the town of Badme, have kept the two sides at loggerheads for years.On Wednesday, Eritrean President Isaias Afwerki raised hopes of a breakthrough in the conflict by describing recent peace overtures from Ethiopia as “positive signals.”He was responding to Ethiopian Prime Minister Abiy Ahmed’s pledge earlier this month to honour all the terms of a 2000 peace deal, which would include ceding Badme to Eritrea.Isaias said he was sending a delegation to Addis Ababa to understand Abiy’s position and “chart out a plan.”Isaias and Abiy “have demonstrated courageous leadership by taking these steps toward peace,” the White House said in a statement.“The United States looks forward to a full normalization of relations and the realization of our shared aspirations for both countries to enjoy enduring peace and development,” it said.Related Eritrea sending delegation to Ethiopia for peace talkscenter_img AU hails recent positive developments in Ethio-Eritrea relationslast_img read more

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AU urges efforts to tackle insufficient reading culture in Africa

first_imgAU Summit: Africa’s war on corruption The logo of the African Union (AU) is seen at the entrance of the AU headquarters on March 13, 2019, in Addis Ababa. (Photo by Ludovic MARIN / POOL / AFP) (Photo credit should read LUDOVIC MARIN/AFP/Getty Images) The logo of the African Union (AU) is seen at the entrance of the AU headquarters on March 13, 2019, in Addis Ababa. (Photo by Ludovic MARIN / POOL / AFP) (Photo credit should read LUDOVIC MARIN/AFP/Getty Images)The African Union (AU) on Saturday urged African countries to promote the culture of reading among African youth.“The development of the reading culture in Africa is an issue of high importance, but yet unanimously given insufficient regard especially in Africa,” said Mesfin Tessema, Director of the AU’s Department of Strategy, Policy Planning, Monitoring, Evaluation and Resource Mobilization (SPPMERM), during a continental meeting.The AU director made the remarks during the ongoing three-day continental meeting under the theme “Promoting a Culture of Reading in Africa,” which is underway at the headquarters of the AU in the Ethiopian capital, Addis Ababa.“Education starts and ends with reading. Children are taught at a young age that reading is one of the four basic skills they need to deal with in the educational ladder,” the AU director stressed.Figures from the AU show that Africa has the lowest literate population as compared to the rest of the world, in which the literate population in Africa currently estimated around 70 percent, significantly lower than a world average of nearly 90 percent.Tessema also highlighted the challenges faced in the development of national, public, community and school libraries in Africa such as the lack of appropriate legislation, inadequate allocation of budgets, as well as the existing shortage of professionals in the sector.According to Tessema, the shortage of libraries in the continent also goes beyond “to the extent that one library is expected to serve about half a million population.”“No development aspiration can be realized without knowledge and education,” he stressed, as he also commended the ongoing efforts by some AU member countries with regard to adoption of approaches taken by many public and community libraries in Africa, to satisfy information needs of their users.Tessema also emphasized the current low ratio of libraries to the population in some African countries as a major factor behind the continent’s insufficient reading culture.The high-level gathering mainly envisaged to come up with a framework of action to boost the development of a culture of reading in Africa to be adopted by responsible government bodies in all AU member countries, it was noted.Related Zimbabwe trying to revive book reading culturecenter_img Morocco marks first Africa Day after rejoining AUlast_img read more

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Oil Tanker Moratorium Act: ICS Raises Concern

first_imgThe International Chamber of Shipping (ICS) has voiced reservations against the proposed legislation on establishing a moratorium on the shipment of crude oil in the waters of Northern British Columbia.The legislation has been placed before Canada’s parliament that would formalise a ban on shipping crude oil in and out of a portion of the country’s west coast. The ICS said that a formal ban will interfere with and affect international maritime trade.The Oil Tanker Moratorium Act, which is sponsored by Canada’s transport minister Marc Garneau, would ban shipping crude oil between ports located along a stretch of British Columbia spanning the northern border of Alaska, to the northern point of Vancouver Island. It would apply to tankers carrying more than 12,500 metric tonnes of crude oils.The Act would formalise a voluntary measure in place since 1985, which prohibits tankers carrying crude oil from Alaska to the US west coast to voyage within 100 kilometres (62 miles) of the northern British Columbia coast. Passing a formal ban would adversely affect the proposed crude oil export pipeline that would reach the northern British Columbia coast.“Such a draconian step could lead to serious concerns being raised by Canada’s international trading partners,” ICS Director of Policy and External Relations, Simon Bennett said. ICS said that a formal ban could create an unwelcome precedent that could be emulated by the US states, which have also sought to block energy export projects.The Chamber added that the environmental record of the shipping industry, especially the tanker sector, is impressive. On an average, worldwide, there are currently less than two significant oil spills (over 700 tonnes) per year, compared to 25 such incidents occurring every year over the last three decades, despite a doubling of the amount of oil transported by sea.“We would instead encourage Canada to continue its strong history of environmental protection and support for responsible global trade through the implementation of practical measures consistent with international best practice,” Bennett said.On May 12, 2017, the Canadian Government introduced the Oil Tanker Moratorium Act in parliament, which aims to provide ‘an unprecedented level of coastal protection’, in northern British Columbia.Cargoes such as LNG, gasoline, naphtha, jet fuel and propane would be exempt from the ban. The proposed act includes an enforcement regime which could see penalties for violation reach up to USD 5 million.Sea News, October 20 Author: Baibhav Mishralast_img read more

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May dairy economic update: MPP-Dairy can provide guaranteed payments, positive program cash flow at highest margin

first_imgMarch numbers releasedThe USDA released March 2018 MPP-Dairy details on April 27. While milk prices rose slightly, feed costs rose more, dropping the national average margin to $6.77 per cwt, the lowest level since June 2016.Dairy producers have until June 1 to enroll in MPP-Dairy for 2018, with margin coverage retroactive to January. MPP-Dairy changes in the Bipartisan Budget Act of 2018, signed into law in February, included calculating pay-period margins monthly and significantly reducing the buy-up Tier I premium rates.March milk prices post minimal gainMilk prices halted their fall in March, according to the USDA’s monthly Ag Prices report. The March 2018 U.S. average milk price was $15.60 per cwt, up 30 cents from February 2018 but $1.70 less than March 2017. Through the first quarter of 2018, the average milk price stands at $15.67 per cwt, compared to $18.23 per cwt in the first quarter of 2017 and $15.70 per cwt in January-March 2016.Among the 23 major dairy states (Table 1), March prices were mixed in a narrow range compared to a month earlier, with a 50-cent decline in Florida countered by 60- to 70-cent increases in Idaho, Iowa, Minnesota, Utah and Wisconsin. Michigan and New Mexico again had the low milk prices among major states, at $14.10 and $14.20 per cwt, respectively. Florida’s average of $18.70 per cwt remained the nation’s high.Compared to a year earlier, March 2018 milk prices were down $2.40 or more in eight states.advertisementFeed costs at 22-month highNational average prices for all feeds included in the MPP-Dairy ration continued to move higher in March. Soybean meal rose to $379.85 per ton, up more than $60 per ton since December 2017 and the highest since June 2016. Corn, at $3.51 per bushel, was up 13 cents from February and is the highest since July 2016. Alfalfa hay was up $11 from February, to $166 per ton, and the highest since July 2015. Together, total March feed costs of $8.83 per cwt of milk sold were up 41 cents from February and the highest since June 2016 (Table 2).Based on milk and feed futures prices as of April 30, the Program on Dairy Markets and Policy projects monthly MPP-Dairy margins will start to improve slightly, but remain below $8 per cwt into June.Bozic MPP-Dairy cash flow calculationsMarin Bozic, assistant professor in dairy foods marketing economics at the University of Minnesota, updates MPP-Dairy cash flow estimates for example dairy herds using the Margin Protection Program Decision Tool. This week, Bozic’s “Predicted MPP-Dairy Cash Flow for 2018” calculated MPP-Dairy premium costs and estimated monthly indemnity payments for a dairy operation producing 6.25 million pounds of milk annually and covering 80 percent (the maximum 5 million pounds under Tier I) at the $8 per cwt margin level.For this sample herd, total premium costs for 2018 would be $7,100. (The premium would not be due until Sept. 1, 2018.)advertisementBased on actual margins already announced and milk and feed price estimates as of May 1, Bozic’s projections indicate February-March indemnity payments for the example dairy farm would surpass total annual premium costs.The example operation would receive MPP-Dairy indemnity payments of $4,345 for February and $4,793 for March. Going forward, estimated payments would be $6,087 for April, $3,340 for May, $1,735 for June and $469 for July.(The estimates are slightly lower than previous forecasts, adjusted down 6.6 percent due to federal budget sequestration.)Gross indemnity payments for February-June would be $20,768, or $13,668 more than the premium costs.Bozic also issues his own forecast, predicting smaller monthly indemnity payments beginning in July through the end of 2018. In his forecast, 2018 indemnity payments would total $26,305, or $19,205 more than premium costs.According to the forecast, February and March MPP-Dairy payments would be issued to eligible dairy farmers on about June 1, with subsequent checks issued three months after the affected month (July 1 for April milk, Aug. 1 for May milk, Sept. 1 for June milk, etc.).Individual producers can calculate their own potential margins, premiums and indemnity payments using the Margin Protection Program Decision Tool.Dairy operations likely to see diminished returns from MPP-Dairy are large herds producing more than 20 million pounds of milk per year. Under current MPP-Dairy rules, a dairy operation must cover a minimum of 25 percent of annual milk production. While able to buy up coverage at the $8 margin level for just 14.2 cents per cwt on the first 5 million pounds, those herds would be required to pay the Tier II premium of $1.36 per cwt on any milk above 5 million pounds, up to the 25 percent minimum.For those holding out for even more evidence before signing up at their USDA Farm Service Agency office, April’s MPP-Dairy margin is scheduled to be announced on or about May 30, a day before the June 1 enrollment deadline.Margins improve to end AprilDairy margins improved slightly over the last half of April as increased milk prices more than offset the impact of rising feed costs, according to Commodity & Ingredient Hedging LLC (CIH).While margins are still only about average from a historical perspective, with the exception of spot Q2, they are projected positive into early 2019.Milk prices are drawing support from a delayed spring flush following unseasonably cold weather in the Upper Midwest. A recent surge in nonfat dry milk prices has lifted Chicago Mercantile Exchange Class IV milk futures. Meanwhile, the USDA Cold Storage data reflected more modest growth in product inventories. At the end of March, butter stocks totaled 273.6 million pounds, up 2.9 percent from February and just 0.4 percent higher than last year. The 10-year February-to-March increase averaged 3.8 percent.Total cheese in cold storage was 1.328 billion pounds, up 0.8 percent from February, compared to the 10-year average increase of 1.6 percent between February and March. Total cheese stocks were also up 5.2 percent from March 2017.Feed costs have continued to advance on strong demand combined with ongoing planting delays, according to the CIH update.California 4a, 4b prices improve a little moreCalifornia’s April 2018 Class 4a (butter) and 4b (cheese) milk prices improved somewhat, but remain below levels a year earlier.The April Class 4a price is $13.29 per cwt, up 28 cents from March, but 44 cents less than April 2017. The year-to-date 2018 average stands at $12.99 per cwt, compared to $14.69 per cwt a year ago.The April 4b price is $14.27 per cwt, up 31 cents from March and the highest since November 2017, but 3 cents lower than April 2017. The January-April 2018 average stands at $13.75 per cwt, compared to $14.97 per cwt a year ago. April Class III, IV prices show improvementApril 2018 federal order Class III and Class IV milk prices posted modest gains, and are now at the highest levels of the year.The April Class III price is $14.47 per hundredweight (cwt), up 25 cents from March but 75 cents less than April 2017. The year-to-date Class III price average stands at $14.02 per cwt, down $2.615 from the same period a year earlier.The April Class IV price is $13.48 per cwt, up 44 cents from March but 53 cents less than April a year ago. The January-April Class IV price average is $13.13 per cwt, down $1.90 from the same period a year earlier.   Dave NatzkeEditorProgressive DairymanEmail Dave Natzkedave@progressivepublish.com Editor’s note:  Estimated monthly MPP-Dairy indemnity payments have been adjusted from the original article to account for federal budget sequestration deductions. Dairy farmers who enroll in the 2018 Margin Protection Program for Dairy (MPP-Dairy) and elect $7, $7.50 or $8 per hundredweight (cwt) margin coverage are guaranteed indemnity payments for February and March. And, based on the two-month indemnity payment estimates, producers who can stick to Tier I premium payments at the $8 margin level will cover full-year program costs in February-March alone.advertisementadvertisementlast_img read more

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