Meddling with forex markets is risky

first_img Meddling with forex markets is risky whatsapp KCS-content ONE of the biggest problems in the City today is that so few people have worked in financial markets long enough to remember how things used to be just 25 years ago. This damaging lack of a collective memory helps to explain why so many investors remain so relaxed about the prospect of currency wars breaking out – or even support simplistic solutions which have previously been tried and seen to fail. I am therefore grateful to HSBC’s currency strategists, led by David Bloom, for reminding us that the last massive, globally coordinated intervention in the forex markets ended in tears. I am referring, of course, to the Plaza Accord of 1985, a seminal intervention which saw selling of the greenback by all the top central banks and which ultimately had a massive impact on the global economy, albeit not the one its proponents were seeking. Given the widespread disappointment about the failure of discussions at the IMF this weekend to resolve anything – as if there were ever any hope of any consensus emerging – this ought to provide food for thought for all those who believe that “something must be done”. There are many parallels with the current situation. The US was running a large trade and current account deficit in the early 1980s (about three per cent of GDP, the same as now), and US unemployment was unacceptably high (7.5 per cent, versus 9.6 per cent now). As ever, there were fears that US manufacturing jobs were being lost – in those days the enemy wasn’t China but rather Japan, partly because of the relative weakness of the yen, and Germany, because the Deutschemark was also thought to be too weak against the dollar. The agreement – struck at the Plaza Hotel in New York between the G5, made up of the US, the old West Germany, the UK, France and Japan – called for a “further orderly appreciation of the main non-dollar currencies against the dollar”, a decision which was followed by joint intervention. In the two years following the agreement, the greenback fell by about 35 per cent on a trade-weighted basis and by over 40 per cent against the yen, HSBC calculates, a dramatic drop. This did ultimately cut the US current account deficit; US unemployment began to fall from 1987, though the reasons for this were much more complex. Remarkably, while Japan’s current account surplus dropped from 4.5 per cent of GDP in 1986 to 2.5 per cent in 1989, there was no significant decline in the US trade deficit with Japan, whose firms were somehow able to cope with the soaring yen. But there were real, disastrous unintended consequences from the Plaza Accords. A fearful Japan thought it could compensate for the soaring yen by easing monetary policy in 1985 (and again in 1987). But this merely helped fuel a demented Japanese equity and land bubble, with asset values shooting through the roof before the bust finally came in 1990, taking down the banking system and eventually turning that country from economic wunderkind to basket-case. It is true that some currencies are hugely under-valued today: the Chinese renminbi by 17.7 per cent, the Malaysian ringgit and Hong Kong dollar by over 18 per cent and the Singapore dollar by 26.7 per cent, HSBC reports. Other countries – Indonesia, South Korea and Taiwan among them – also enjoy excessively cheap currencies. But the US should beware: any cure could easily turn out to be worse than the disease. Tags: NULLcenter_img Monday 11 October 2010 9:59 pm whatsapp Show Comments ▼ Sharelast_img read more

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Betfair tanks after falling at first hurdle

first_img KCS-content Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm RACING certainty Betfair yesterday dismayed punters after reporting lower than expected half-year earnings.The online gambling firm had ridden a lucky streak since its £1.4bn flotation earlier this year.But its pre-tax profits dipped 18.9 per cent to £7.4m after taking account of one-off items including the cost of its IPO, down from £9.2m the year before.Underlying revenue rose 12.3 per cent to £188.5m but core revenue grew just 1.6 per cent year-on-year.Its active customers jumped 31 per cent to 654,000, with strong revenue growth, but average customer spend dropped sharply in poker and horse racing.Betfair floated at £13 a share in October and subsequently rose to over £15. But yesterday it closed at £9.90 – a 16 per cent fall on the day and 24 per cent below the IPO price.Chief executive David Yu said conditions at the firm had been tough, admitting results in poker had fallen short of expectations and blaming the heavy snow for slowing growth.He said: “Recent weather conditions in the UK and Ireland… caused a number of race meeting cancellations, moderating growth rates in the quarter to date.”Betfair chief financial officer Stephen Morana said the group’s target of returning to 2010’s levels in poker next year is not likely to be met, with core poker revenue down 6.5 per cent after the migration of users onto a new platform in July.Morana declined to give a new timeframe but said: “Being realistic, it’s going to take longer. We are targeting double digit growth for 2011 overall… but poker will be a challenge for us.”The results have tarnished the halo surrounding the firm after it pressed ahead with a float despite difficult market conditions. It managed to avoid the fate of online grocer Ocado, which was forced to slash its valuation to get its flotation away earlier this year. Ocado closed yesterday at 160p after floating at 180p.DAVID YUBETFAIRDAVID Yu joined the Betfair Group as chief technology officer in 2001 and has also held the position of chief operating officer prior to his appointment as chief executive in 2006. He guided the company through its successful IPO earlier this year. Its prospectus admitted that Yu had been “absent from work for a brief period in March 2010 with a cardiological complaint,” although it insisted he is still fit for duty.He has taken a hard line about the possible impact on the business of the British Horseracing Authority (BHA)’s horse racing levy.He was quoted as saying last month that Betfair is “happy to be licensed and to pay sensible tax but if we don’t see movement we’d have to consider what’s right for the business over the long term.”He was previously vice president, engineering for Alta Vista’s e-commerce and international divisions. He has spent almost 20 years working in technology, mainly for internet companies. He holds an MS computer science from Stanford University and a BS computer science and electrical engineering from the University of California at Berkeley. Betfair tanks after falling at first hurdle Tuesday 14 December 2010 9:26 pm Share whatsapp Show Comments ▼ whatsapplast_img read more

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Norwegian ministry backs lottery, bingo AML exemptions

first_img Topics: Casino & games Legal & compliance Lottery Bingo AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Norwegian ministry backs lottery, bingo AML exemptions Email Address 21st August 2019 | By contenteditorcenter_img Norway’s Ministry of Finance has given its backing to a proposal from Lotteritilsynet, the national lottery authority, to make lottery and organisers of bingo tournament exempt from new anti-money laundering regulations. Regions: Europe Nordics Norway Bingo Norway’s Ministry of Finance has given its backing to a proposal from Lotteritilsynet, the national lottery authority, to make lottery and organisers of bingo tournament exempt from new anti-money laundering regulations.The proposal, which will undergo a consultation period until October 1, would reduce regulatory burdens on approximately 350 teams, associations and organisations that do not rely on third-party contractors for their bingo or lottery offerings to be exempt from the country’s new money-laundering regulations.As outlined by Norway’s gambling regulator, the Lotteri- og stiftelsestilsynet, when the new rules were introduced last October, they extended the scope of operational restrictions to anyone offering games licensed under the Gambling, Lottery and Totalisator Act.However, in ushering in the new regulations, organisations were invited to apply for exemptions.The Lotteritilsynet delivered a final risk assessment on May 29 to the Ministry of Finance, outlining the perceived low risk of money laundering and terrorist financing via bingo associations and so-called ‘Section 6’, or charitable, lotteries.In confirming the submission of the proposal, Finance Minister Siv Jensen said it is important not to “impose disproportionate burdens”.Jensen added: “I am pleased that with a solid risk assessment from the Lottery Authority, so we can propose how to simplify [the regulations] for teams and associations around the country.”Minister of Culture Skei Grande added that the exemptions would cut red tape in the voluntary sector.last_img read more

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Second bill in NZ racing reform process filed in parliament

first_img New Zealand’s Minister for Racing, Winston Peters, has introduced the Racing Industry Bill, a piece of racing reform legislation that has already received support from the Racing Industry Transition Agency (RITA). AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Tags: Race Track and Racino Regions: Oceania New Zealand Email Address Second bill in NZ racing reform process filed in parliament Topics: Sports betting Horse racing 10th December 2019 | By Daniel O’Boyle Horse racing New Zealand’s Minister for Racing, Winston Peters, has introduced the Racing Industry Bill, the second element in a two part legislative process to overhaul the governance structures of New Zealand horse racing.RITA chair Dean McKenzie – who will take on the role of executive director of the agency once current chief executive John Allen steps down at the end of 2019 – said the bill will help ensure the sustainability of the racing industry.“The revitalisation of the New Zealand racing industry is well underway thanks to the commitment and support of the Government,”  McKenzie said. “The nature of changes proposed are considered so substantive that a new Racing Act is recommended in the Bill.“The new Bill is the culmination of the most significant reform of racing since 2003 and follows the Racing Reform Act which came into force on July 1 and included the gradual repeal of the betting levy and enabling regulations for a Point of Consumption Charge and Betting Information Use Charges.”McKenzie added that the racing industry was an important part of New Zealand’s culture and economy.“The racing industry in New Zealand contributes $1.6 billion to the economy, it provides a livelihood for 14,000 industry participants, and is an important part of our heritage,” McKenzie said. “The Government’s support of racing will help lead to increased employment, improved exports and a general increase in the industry’s already significant contribution to New Zealand.“RITA looks forward to contributing to the Select Committee process and enabling legislation that reforms the racing industry so that it is revitalised, healthy and financially viable once again.”The Bill, released on 5 December, establishes the TAB NZ – the body that will ultimately replace RITA – as the only betting provider for racing and sports in New Zealand.“TAB NZ will be able to focus on maximising profits for the benefit of the New Zealand racing industry whilst having a strong regard for gambling harm minimisation,” the New Zealand department of internal affairs said of the bill.TAB NZ may be able to introduce new betting products, but only after passing an approval mechanism conducted by an independent body.The bill also established the Racing Integrity Board to take charge of all integrity issues and allows the thoroughbred, harness and greyhound racing industries to each be governed separately by their own bodies.The Racing Industry Bill forms the second part of the reform package that started with the Racing Reform Act, which came into effect on 1 July. The reform act sets out a range of new taxes, including new point of consumption and race field fees, as well as allowing for the creation of RITA, which replaced the New Zealand Racing Board (NZRB).last_img read more

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Sri Lanka player booked under ICC Anti-Corruption Code, suspended

first_img IND vs NZ Live Streaming for free with Jio, Airtel and Vodafone Idea, Check out the best Recharge Plan CricketLatest Sports NewsSports BusinessNewsSportSportstars WTC Final Day 3 LIVE Score: Jamieson on a roll, bags his 5th Test fifer with Bumrah’s wicket; IND 217/9; Follow Live Updates Facebook Twitter WTC Final Live- Ind vs NZ: Kyle Jamieson bags 5th five-wicket haul in 8th Test, rattles India in WTC final Cricket Cricket Cricket WTC Final 2021: India vs New Zealand Full Squad, Schedule, Live Streaming, Date, Time, Venue all you need to know World Test Championship final YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoHollywood TaleHow Victoria Principal Looks At 71 Is HeartbreakingHollywood Tale|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndo WTC Final Live: Virat Kohli continues century drought as Kyle Jamieson wins IPL team rivalry Cricket Cricket PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to know By Kunal Dhyani – April 4, 2019 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrammarlyImprove Your Spelling With This Helpful Browser ExtensionGrammarlyUndoPhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickUndoCBS NewsThese Are America’s Deadliest HighwaysCBS NewsUndoArticle 2.1.1 – Fixing, contriving or otherwise influencing improperly, or being a party to any agreement or effort to fix or contrive or otherwise influence improperly, the result, progress, conduct or any other aspect of any International MatchArticle 2.1.4 – Directly or indirectly soliciting, inducing, enticing, instructing, persuading, encouraging or intentionally facilitating any Participant to breach Code Article 2.1.Article 2.4.4 – Failing to disclose to the ACU full details of any approaches or invitations received by him to engage in corrupt conduct under the Code.Lokuhettige had been charged for similar offences last November in relation to the T10 League in 2017 under the ECB’s Code. He was provisionally suspended by the ICC, which had been appointed by the ECB as its Designated Anti-Corruption Official.  That provisional suspension remains in full force and effect and he has additionally been provisionally suspended under the ICC Code pending the determination of these new charges.Lokuhettige has 14 days from April 3 to respond to the new charges.The ICC has yesterday stated that it would be working in close cooperation with the Interpol to widen the scope of its fight against corruptors in the sport all across the world.Also Read: Sanath Jayasuriya Banned From All Cricket for two YearsICC bans UAE-based coach for ‘corrupt approach’Former Zimbabwe Cricket Director Ikope banned from all cricket for 10 years: ICC RELATED ARTICLESMORE FROM AUTHOR F1 French GP 2021 Live: Max Verstappen vs Lewis Hamilton today at 6:30 pm — Follow Live Updates Sri Lanka player booked under ICC Anti-Corruption Code, suspended Cricket Formula 1 The International Cricket Council (ICC) has charged former Sri Lanka player Dilhara Lokuhettige with three counts of breaching the ICC Anti-Corruption Code.  These new charges are in addition to charges imposed on him on behalf of the Emirates Cricket Board last year.According to ICC, Lokuhettige has been charged with the following three offences under the Code: Wimbledon 2021 LIVE streaming: When, where and how to watch year’s third Grand Slam’ in you country, India Cricket TAGSDilhara LokuhettigeEmirates Cricket BoardICCICC Anti-Corruption CodeInternational Cricket Council SHARE Cricket Share on Facebook Tweet on Twitter Previous articleAfridi autobiography ‘Game Changer’ to hit stands on April 30Next articleACT Fibernet powers GamerConnect as Connectivity Partner Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. WTC Final IND vs NZ: Ritika Sajdeh shares funny pic of hubby Rohit Sharma calling him a ‘spy’- check out Cricket WTC Final LIVE: Impatient Rishabh Pant throws away his wicket and Twitterati can’t keep quiet; check hilarious memeslast_img read more

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Goats hired to clear Utah church’s weedy lot become unexpected…

first_img AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector Tampa, FL June 3, 2017 at 11:36 am Love this idea!!!! Smart smart smart!!!! Goat herder makes money, goats well fed, church cleaned up…everyone wins!!!! Bravo for brilliant thinking and originality!!!! Youth Minister Lorton, VA Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET St. Stephen’s Episcopal Church in West Valley City rented a flock of goats to tame an overgrown field of weeds on church property. Within days, the goats had made impressive progress. Photo: The Rev. Mary Janda[Episcopal News Service] The Rev. Mary Janda has new perspective on Matthew 25:33. If God is to separate the righteous from the cursed like sheep from goats, Janda’s recent experience at St. Stephen’s Episcopal Church in West Valley City, Utah, has gotten her thinking Matthew was a bit unfair to the goats in destining them for eternal punishment.“I mean, give the goats a break,” said Janda, the vicar at St. Stephen’s.Janda is not alone in her newfound affection for these biblically maligned animals. She, her congregation and its neighbors spent nine eventful days in May getting to know a flock of 108 goats – give or take a few, due to one death and three births. The goats proved surprisingly useful in taming the church’s field of weeds, when they weren’t escaping and getting into mischief in the neighborhood.St. Stephen’s, a mission congregation of the Diocese of Utah, chose to rent the flock as a less expensive and more environmentally friendly way of clearing about an acre and a half of vacant church land, Janda said. In the process, the goats became an unexpected tool for evangelism.“People stopped and took pictures, and we made the evening news,” she said by phone. The goats “just did a fantastic job.”Churches have long incorporated animals of all kinds into their ministries, from pet-blessing services to farming projects. St. Peter’s Church in Malvern, Pennsylvania, even has maintained a flock of sheep in the church cemetery since 2003.The goats provided by 4 Leaf Ranch had plenty to eat when they arrived at St. Stephen’s Episcopal Church’s overgrown field. Photo: Mary JandaA flock of goats may not be the best fit for many other congregations, but St. Stephen’s found it uniquely suited to its needs. Years ago, the diocese provided extra land for St. Stephen’s and other churches in Utah with the hope that it would be useful to expanding congregations. Instead, the land in West Valley City has remained vacant – “just a collection of weeds,” Janda said.This year, when church leaders were discussing the need to hire a contractor or rent equipment to mow the land, someone said it was too bad they didn’t have goats to do the job for them. Someone else mentioned that farms rent goats for jobs like that.The church took the idea seriously and discovered a flock for hire at 4 Leaf Ranch in Kamas, Utah. The diocese agreed to pay the ranch $1,250 to rent the goats long enough to eat the weeds in St. Stephen’s lot, and Janda said goats munch so close to the roots that their services likely are only needed once a season, rather than hiring someone to mow several times over the summer.On May 17, the 108 goats arrived by truck and were unloaded at St. Stephen’s. The ranch set up an electric fence around the church lot to keep the flock contained and provided a water trough. One of the ranch’s goat herders was assigned to remain with the flock, sleeping in a small camper that he parked on the property.The congregation delighted at the visitors, especially when some of them walked up to the church window and stared in at worshipers during Sunday service before returning to their meal of weeds.The congregation also learned that a lot can happen when you invite a flock of goats over for nine days. In addition to eating virtually nonstop, the goats staged a couple of “breakouts,” in one case getting under a chain-link fence and venturing into a neighboring school yard before they were caught again.Another time, some of the goats got out and made a snack out of a nearby resident’s flowers. Two joggers stopped to help the goat herder corral the animals back onto church property, and 4-Leaf Ranch covered the cost of the neighbor’s damaged plants.“All in the life of the goat-herding business,” Janda said.Life sometimes is mixed with death in this business. One elderly goat died after arriving at St. Stephen’s, a case of old age, Janda said. Two other goats had been pregnant upon arrival and gave birth in the church’s lot, one single birth and one case of twins. The mothers and newborn kids then were taken back to the ranch.Mostly, though, the goats just ate and ate, paying little attention to the bands of onlookers who gathered now and then at the edge of the lot to watch.“They’re so busy eating,” Janda said. “They’ll notice your presence, and then they’re continue eating.”The goats are seen in a corral shortly before leaving St. Stephen’s Episcopal Church. Photo: Mary Janda.St. Stephen’s is working on a plan to turn part of the vacant lot into a community garden by next year, but the congregation still may need the services of the goats to clear any remaining weed-filled land.“I just think anything we can do to show how we’re not just your institutionalized church, we’re trying to do things that are environmentally conscious and just have some fun doing it,” Janda said.– David Paulsen is an editor and reporter for the Episcopal News Service. He can be reached at [email protected] Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest June 2, 2017 at 7:42 pm I agree. I have always felt bad for the poor biblical goats. Glad they have been so well received! Priest Associate or Director of Adult Ministries Greenville, SC Course Director Jerusalem, Israel Rector Shreveport, LA Comments (6) Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Assistant/Associate Priest Scottsdale, AZ Anita Sherman says: Marianne McGrath says: June 2, 2017 at 6:30 pm Absolutely LOVED this story! Creative, animal friendly, environmentally friendly and with the bonus of being a tool for evangelism. Kudos to Vicar Janda and St. Stephen’s!Being an animal lover, I humbly offer this suggestion to anyone considering this option — research the farms or ranches with whom you choose to do business very carefully to ensure that their animals are lovingly cared for, both at their main place of residence and at any “rental” locations. Rector Belleville, IL Curate Diocese of Nebraska Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Assistant/Associate Rector Washington, DC Evangelism Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Associate Rector Columbus, GA Tags Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Submit an Event Listing Press Release Service Rector Hopkinsville, KY Featured Jobs & Calls An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Rector Collierville, TN June 2, 2017 at 6:38 pm I love this story! Goats get a bad rap in Matthew, and I am pleased that they have become contributing parishioners! Cathedral Dean Boise, ID Rector Pittsburgh, PA June 2, 2017 at 7:26 pm And the soil for next year’s garden should be well fertilized! TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Director of Music Morristown, NJ June 2, 2017 at 7:15 pm When I was quite young, I had a black goat named Nicodemus. He was gentle at first, but later became unruly and insensitive to human feelings. My parents, being practical, decided that his redemption could be effected if he ended up on the dinner table. Goat barbecue was delicious. If only he had been able to serve an Episcopal church by grazing, perhaps his personality would have meshed more with human expectations of a pet. However, at that time, my family were member of a fundamental church, and it didn’t occur to them that goats could fit in with spirituality. Becoming an Episcopalian later in life, I divined that perhaps Nicodemus missed his chance, and by laboring in the churchyard, he could have gone to goat heaven. This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Submit a Job Listing Rector Bath, NC Pam Payne says: New Berrigan Book With Episcopal Roots Cascade Books Canon for Family Ministry Jackson, MS Priscilla Johnstone says: Goats hired to clear Utah church’s weedy lot become unexpected evangelism tool Bishop Diocesan Springfield, IL Featured Events Rector and Chaplain Eugene, OR Priest-in-Charge Lebanon, OH Betty Butler Cole says: Associate Rector for Family Ministries Anchorage, AK Rector Martinsville, VA By David PaulsenPosted Jun 2, 2017 Rector (FT or PT) Indian River, MI Director of Administration & Finance Atlanta, GA Rector Knoxville, TN Associate Priest for Pastoral Care New York, NY Assistant/Associate Rector Morristown, NJ In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector Albany, NY Rector/Priest in Charge (PT) Lisbon, ME Rector Smithfield, NC Missioner for Disaster Resilience Sacramento, CA Bob Scruggs says: Family Ministry Coordinator Baton Rouge, LA Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Comments are closed. Submit a Press Release Rector Washington, DC The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Curate (Associate & Priest-in-Charge) Traverse City, MI Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group last_img read more

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Nusang-dong House / studio_GAON

first_imgCopyAbout this officestudio_GAONOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsBuildingsResidentialJongno-guSouth KoreaPublished on September 21, 2018Cite: “Nusang-dong House / studio_GAON” 20 Sep 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogLouvers / ShuttersTechnowoodSunshade SystemsGlassMitrexSolar GreenhouseMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialCoffee tablesFlexformCoffee Table – GipsyCurtain WallsIsland Exterior FabricatorsPace Gallery Envelope SystemWoodSculptformTimber Battens in Double Bay HouseStonesCosentinoSilestone and Dekton in Villa OmniaBricksNelissenInner Wall Bricks – LückingPanels / Prefabricated AssembliesULMA Architectural SolutionsAir Facade PanelsWoodBlumer LehmannData Processing for Wood ProjectsEducational ApplicationsFastmount®Hidden Panel Fastener at Massey UniversitySealants / ProtectorsTOPCRETMicro-Coating – Baxab®More products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream 2017 Apartments Projects Save this picture!© Youngchae Park, Seokgyu HongText description provided by the architects. Nusang-dong is located in the western part of Gyeongbokgung Palace, built in the old Joseon Dynasty. This is a district commonly known as Seocheon. There must have been a pavilion(‘Nu’) there, since the name means ‘an area above pavilion.’Save this picture!© Youngchae Park, Seokgyu HongRecommended ProductsMetallicsTECU®Copper Surface – Classic CoatedFiber Cements / CementsRieder GroupFacade Panels – concrete skinWoodAccoyaAccoya® CanalsEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEAThe thick rocks of Inwang mountain support the village like bolsters. Famous poet named Yoon, Dong-ju and a painter Lee Jung-seop lived here. They may have lived here briefly, but nevertheless it is a piece of history which the local Jongno-gu Office is eager to promote. A young couple came to us to build a house in this area. Mother in law was helping to raise their child because the couple both worked. In Korea, three generations often live together for child- care, which means the key to design is to secure each generations’ independence.Save this picture!East – South ElevationSave this picture!SectionsWe separated each generation by a vertical split and set separate entries for each, then created a shared space in-between. This scheme caused friction with the administration office since they insisted that the house should be interpreted as a multiplex house, not a single house. (Eventually solved by numerous visits).Save this picture!© Youngchae Park, Seokgyu HongLike many towns in the old northern Seoul, the surrounding area is filled with houses along narrow, winding paths like blood vessels. Old style houses are often left among the dense multiplex houses. When we went to site, we found an empty land that had already been emptied, devoid of any trace of the old house.Save this picture!© Youngchae Park, Seokgyu HongThe road leading to the site was too narrow for automobile’s access. This would cause extra work in the construction phase. There were also stairs on the access path, and not much traffic. This gave us an idea to use the leading alley to the site as an extension of court-yard(madang). The design scheme needed to incorporate issues of two generations coexisting in a single house, an island-like geographical location and a narrow alley.Save this picture!© Youngchae Park, Seokgyu HongThe alley was always kept quiet and there was a very large mountain behind the site, but the view was blocked by many surrounding buildings. The nearby multiplex houses have a very common and boring facade like any other old residential areas in Seoul, mostly finished with lame red bricks or granite.Save this picture!Site planSave this picture!1st floor planIn a case like this, colorless materials are essential. It is moderately intense and moderately emulsifying. It doesn’t reveal itself vibrantly, but has an inert power. So we decided to create a gray space with concrete tiles. Gray space means material, but it also signifies the nature of space. It is an intermediate space that is not classified in black or white, while it is ambiguous. Interpretation of overlapped family programs.Save this picture!© Youngchae Park, Seokgyu HongFrom the shape of the long, narrow site, we drew a ‘ᄃ’ shaped plan to make space for a small court-yard. The residential functions are located in the east and the south wing, allowing as much natural light as possible, and service functions like kitchens and toilets are to the west wing. The courtyard is seamlessly connected to the alley, allowing expansion of outer space.Save this picture!© Youngchae Park, Seokgyu HongSince the lot is small, each unit space is designed to fit the required function perfectly like a custom suit. A mother’s quarter was placed on the first floor, a couple’s bedroom on the second floor, and a living room and kitchen on the third floor. The courtyard is naturally on the ground floor with the terraces on the second and third floor. On the third floor terrace, a view to the disheveled cityscape slowly encroaching solid Inwangsan Mountain is available for the occupants.Project gallerySee allShow lessWenzhou Central Park Culture Club / Lacime ArchitectsSelected ProjectsShanghai Vanke Qichen Community Center / Shenzhen Huahui DesignSelected ProjectsProject locationAddress:Jongno-gu, Seoul, South KoreaLocation to be used only as a reference. It could indicate city/country but not exact address. Share Architects: studio_GAON Area Area of this architecture project ArchDaily Area:  162 m² Year Completion year of this architecture project Nusang-dong House / studio_GAONSave this projectSaveNusang-dong House / studio_GAONSave this picture!© Youngchae Park, Seokgyu Hong+ 23Curated by María Francisca González Share CopyApartments, Residential•Jongno-gu, South Korea Year: center_img “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/902169/nusang-dong-house-studio-gaon Clipboard South Korea Photographs:  Youngchae Park Manufacturers Brands with products used in this architecture project Photographs Manufacturers: Z:IN window Plus “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/902169/nusang-dong-house-studio-gaon Clipboard Nusang-dong House / studio_GAONlast_img read more

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Pasadena School Board to Hear Plans for ‘Controversial’ Solar Power Plan

first_img Name (required)  Mail (required) (not be published)  Website  Community News Business News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Subscribe Plans for a “controversial” District-wide PUSD solar power project will be heard by the Board of Education Thursday.According to a PUSD agenda report, the project envisions district power expenditure savings of up to $17 million over the length of the 25-year contract.“It’s such a long-term commitment,” said Board member Scott Phelps Wednesday. “It’s such an unknown, I guess that’s why it’s controversial. We don’t know what the power rate will be. We’re doing it because there’s an estimate that they will increase, and so we locked in lower rates.”PUSD signed a Power Purchase Agreement (PPA) with PFMG Solar in 2018 for construction and operation of the PUSD solar project. PFMG has since been sold to Constellation, a subsidiary of Exelon, which owns six utility companies across the US.Under the PPA, PUSD will not spend any funds from project inception to completion; additionally, there will be no maintenance costs for the next 25 years.The school district shall pay a reduced rate of energy costs, approximately $.05 or less per kilowatt-hour. Over 60 percent of PUSD’s electricity requirements can be supplied by solar power, resulting in large power savings, the PUSD said.According to spokesperson Dave Snyder of Constellation, the rate is 5 cents per kW/h less than they would otherwise pay if they were purchasing energy from the utility.Phelps added, “We just don’t know what will happen over 25 years. Long-term power contracts remind me too much of what happened to the State of California during the games Enron and others were playing.”According to a January 2020 U.S. Energy Information Administration (EIA) report, “The EIA expects that wholesale electricity prices in many areas of the country in 2020 will be lower than last year, reflecting the lower costs for natural gas as a fuel for power generation.”The report also forecast that wholesale prices in the Southwest will rise 5% in 2020, as a result of the recent retirement of some coal-fired generating units. In 2021, EIA expects that “wholesale power prices will increase in most areas, as a result of an expected 9% increase in the cost of natural gas.”EIA also forecast that the U.S. retail price for the residential sector will average 1 cents/KWhh (kilowatt hours) in 2020, which is 1.2% higher than the average retail price in 2019. Forecast residential prices will increase by an additional 1.2% in 2021, said the report.Phelps said he didn’t know whether or not the agreement was a “bad idea.”“I just don’t like a lack of flexibility,” he said, adding, “Then again, we have to pay whatever we are charged now by Pasadena Department of Water and Power and Edison so maybe it’s not any worse.”According to Phelps, a number of Southern California school districts have solar panels in parking lots. Those districts may have purchased the equipment with school bonds, he said.According to the District agenda report, construction of the solar panels under Phase 1 is slated to begin this month, at no cost to PUSD nor to the City of Pasadena. The first phase will include installation at Coombs Elementary School, John Muir HS, Cleveland ES, Don Benito FS, Hamilton ES, and McKinley, with completion expected by the end of June.The second phase of the project, will begin construction in February, with completion expected around July or August. Phase 2 will include installation work at Rose City High School, Field ES, Longfellow ES, Madison ES, Sierra Madre MS, Washington STEAM, and Blair HS. Completion of Phase 2 is expected in July or August.Phase 3 and Phase 4 of the project begin construction later, with the latest completion date around December 2020. In all, 28 PUSD campuses will have solar power plants, upon the completion of the project.The Board of Education meeting begins at 4:30 p.m. at PUSD Headquarters, at 351 S. Hudson Ave., Pasadena. More Cool Stuff 8 recommendedShareShareTweetSharePin it Uncategorized Pasadena School Board to Hear Plans for ‘Controversial’ Solar Power Plan District-wide plan will lock in energy rates for 25 years By EDDIE RIVERA, Community Editor Published on Thursday, January 30, 2020 | 5:07 am EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimescenter_img Your email address will not be published. Required fields are marked * Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Herbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeautyHere Are Indian Women’s Best Formulas For Eternal BeautyHerbeautyHerbeautyHerbeauty10 Brutally Honest Reasons Why You’re Still SingleHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyNerdy Movie Kids Who Look Unrecognizable TodayHerbeautyHerbeautyHerbeauty10 Most Influential Women In HistoryHerbeautyHerbeauty Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Make a comment First Heatwave Expected Next Week Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Top of the News Community Newslast_img read more

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Hiqa finds issues of non-compliance at Aras Gaoth Dobhair

first_imgHomepage BannerNews Previous articleExtra Gardai for Donegal a positive step but more needed-GRANext articleFamily don’t want soldier prosecuted over Bloody Sunday death News Highland WhatsApp Facebook Twitter Google+ Hiqa finds issues of non-compliance at Aras Gaoth Dobhair WhatsApp Facebook Pinterest Twitter Google+center_img Important message for people attending LUH’s INR clinic Nine til Noon Show – Listen back to Monday’s Programme Pinterest RELATED ARTICLESMORE FROM AUTHOR Loganair’s new Derry – Liverpool air service takes off from CODA News, Sport and Obituaries on Monday May 24th The health safety watchdog has found a number of issues of non-compliances at Aras Gaoth Dobhair Nursing Home. The inspection was carried out in November of last year and details of the report were published today.While a clearly defined internal management structure was in place, the arrangements for the governance and administration oversight for the centre required improvement.Gaps were found within staff recruitment, appraisal and training, and in the arrangements to manage risk, maintain records, agree and implement policies and in the communication systems.Volunteers were involved in the centre. A sample file reviewed contained a job description and letter from an external party confirming Garda clearance but a suitable written agreement and official Garda vetting clearance document was not in place.Policies were not consistently implemented in practice such as policies on end of life and use of restraint.The inspector concluded that the dining experience for all residents required much improvement as a social occasion.The inspector was informed that fire safety training for staff and a number of simulated evacuation exercises had occurred throughout the year. However, gaps within fire safety training were found in the staff training matrix record.Policies and procedures were in place to protect residents from harm or suffering abuse and to respond to allegations, disclosures and suspicions of abuse.However, there was insufficient evidence to confirm that all staff had received training in relation to the detection and prevention of and responses to abuse.Link to Full report here:https://www.hiqa.ie/system/files?file=inspectionreports/0311-aras-gaoth-dobhair-06%20november%202018.pdf DL Debate – 24/05/21 Arranmore progress and potential flagged as population grows By News Highland – March 4, 2019 last_img read more

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Main Evening News, Sport and Obituaries Monday January 27th

first_imgAudioHomepage BannerNewsPlayback RELATED ARTICLESMORE FROM AUTHOR Pinterest Previous articleMan arrested as part of cross border Paramilitary Style Attacks investigationNext articleMan arrested in East Donegal as part of cross border operation News Highland Facebook Main Evening News, Sport and Obituaries Monday January 27th FT Report: Derry City 2 St Pats 2 Pinterest DL Debate – 24/05/21 Twitter WhatsApp Derry draw with Pats: Higgins & Thomson Reaction center_img News, Sport and Obituaries on Monday May 24th Twitter Main Evening News, Sport and Obituaries Monday January 27th:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2020/01/27news.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. By News Highland – January 27, 2020 WhatsApp Facebook Google+ Google+ Important message for people attending LUH’s INR clinic Arranmore progress and potential flagged as population growslast_img read more

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