GE continues down its destructive path

first_imgCategories: Letters to the Editor, Opinion Re Dec. 8 article, “GE to slash 12,000 jobs”: GE brings ‘bad’ things to life. GE’s announcement for massive layoffs for salaried and hourly employees, all under the pretext that the company needs to redirect, is ludicrous. After mismanaging the company and destroying the stock price, former CEO Jeff Immelt’s compensation package is in excess of $26 million. GE sure does provide a hefty bonus package for bad performance.The new CEO, John Flannery, promises to get GE back on track. That is hard to believe, seeing as he led the acquisition of Alstom, the largest industrial acquisition and shrinking of GE Capital with massive layoffs and closing of divisions. We can be sure of two things concerning GE: more cutting out hard-working individuals and higher compensation for Flannery and his team. Jose Fernandez GlenvilleMore from The Daily Gazette:Foss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Beware of voter intimidationlast_img read more

Macron to visit Beirut as France sends rescuers, equipment

first_imgThe blast appeared to have been caused by a fire igniting 2,750 tons of ammonium nitrate left unsecured in a warehouse.”It is during trials that friends are there, and we are there,” Le Drian said after a telephone conversation with his Lebanese counterpart Charbel Wehbe.President Emmanuel Macron called his Lebanese counterpart Michel Aoun late Tuesday to express France’s support for the Lebanese people and promise a dispatch of French aid.On Thursday, Macron will travel to Beirut to “meet all political actors”, including Aoun and Prime Minister Hassan Diab, the Elysee announced.Le Drian said France will continue mobilizing assistance as needed.”For now, it is time to ensure international solidarity” with Lebanon, he told the LCI broadcaster, pointing out that food aid will be high on the list as the blast in the port of Beirut had destroyed crucial wheat silos.The UN’s Food and Agriculture Organization expressed fear Wednesday that the destruction of the silos would result in critical severe flour shortages.The 55 rescuers being deployed from Paris Wednesday are specialists in post-disaster rubble clearing and rescue, said the Elysee, adding France was working to “identify additional needs” on the ground in Beirut.French Prime Minister Jean Castex will gather ministers Wednesday responsible for coordinating aid to Beirut. A dozen emergency personnel will also be sent to Beirut shortly “to reinforce hospitals in the Lebanese capital,” said the presidency.Foreign Minister Jean-Yves Le Drian later said a third, private humanitarian plane will leave from Marseille in the south of France with teams of medical workers who would be “immediately operational”.The fire department of Marseille said it had made available material and nine staff — four emergency doctors, three nurses and two marine firefighters.A cataclysmic explosion at Beirut port sowed devastation across entire neighborhoods, killing more than 100 people and wounding thousands. France will send three planes to Beirut Wednesday with rescuers, medical equipment and a mobile clinic, followed by a visit Thursday by President Emmanuel Macron to the city devastated by a massive blast, the government said.The presidency announced that two military planes would leave Charles de Gaulle airport outside Paris around midday (1000 GMT) to arrive in the Lebanese capital late afternoon with 55 search and rescue personnel on board, it said.The planes would also bring 25 tones of sanitary equipment and a mobile clinic equipped to treat 500 injured people.center_img Topics :last_img read more

Charlie Nicholas makes Barcelona v Liverpool prediction ahead of Champions League semi-final

first_img‘When you go and attack teams, Liverpool’s weakness, if there is a weakness, is their midfield. The instinct here is to say lots of goals.‘The defensive qualities of both teams have improved, so Liverpool will have to be patient, they are quite good at doing that.‘That said, I fancy Luis Suarez to get his first goal of the campaign against his old team to leave the tie wide open for the second leg. Barcelona 2-1.’Liverpool boss Jurgen Klopp, meanwhile, admits a draw would ‘not be the worst result’ for the Reds at the Nou Camp on Wednesday. Comment Advertisement Jurgen Klopp’s Liverpool face Barcelona in the Champions League (Picture: Getty)Charlie Nicholas believes Barcelona will edge the first leg of their Champions League semi-final against Liverpool at the Nou Camp on Wednesday evening.The Reds, currently second in the Premier League, take on a Barcelona side that clinched a 26th La Liga title over the weekend.Ernesto Valverde’s side progressed to the semi-finals of the Champions League after beating Manchester United 4-0 on aggregate, while Liverpool proved too strong for Porto in the last-eight.Arsenal hero Nicholas says the semi-final is a ’50-50 tie’ but believes Barcelona will travel to Anfield next week with a narrow advantage.ADVERTISEMENTMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityHe told Sky Sports: ‘We are into the Hollywood part of the tournament now, and these two will be favourites to lift the trophy whoever reaches the final.AdvertisementAdvertisement‘Barcelona clinched the title and Lionel Messi scored in a 30-minute cameo and was, crucially, rested.‘When you hear Messi speak about individual things you know he means business, and he has come out and said he wants the Champions League in his locker once more.‘This is a 50/50 tie in my eyes, though. When you go to the Camp Nou, you have to be cautious.⚡️ Tomorrow night’s stage ⚡️ pic.twitter.com/D8pwCWZBaK— Liverpool FC (@LFC) April 30, 2019 Metro Sport ReporterTuesday 30 Apr 2019 11:45 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link157Sharescenter_img Barcelona clinched the La Liga title over the weekend (Picture: Getty)‘A draw would not be the worst result in the world tomorrow,’ he said. ‘So many people came to play Barcelona and had a plan and then they got a proper knock.‘We saw the game against Real Sociedad, they did well, Levante did well, but Barcelona won.‘It’s not only about [Lionel] Messi. They have the highest quality team. They are already champions.‘Messi said before the season he wants to bring back this cup and that sounds like a threat to all of us! But we want to go to the final as well.’More: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira moves Charlie Nicholas makes Barcelona v Liverpool prediction ahead of Champions League semi-final Advertisementlast_img read more

Come down from the clouds and inspect these three properties

first_imgThere are three airstrips to choose from at382 Villeneuve Rd, Royston, via Woodford.Living out of town doesn’t have to be such a deal, when town is just a quick plane trip away.These rural properties, with airstrips, would be perfect for buyers to “fly in, fly out’’ of their new estates.At Royston via Woodford on the Sunshine Coast, Driftn-in, has not one, but three airstrips.The 129ha riverfront property, which is owned by Marg Dahlis, is being offered for leasehold through South East Queensland Water. 382 Villeneuve Rd, Royston, via Woodford.It has 2.3 kilometres of frontage to the Stanley River. It is also close to Lake Somerset.There is a homestead and a separate cottage on the property, while the majority of the farm is cleared, east facing river flat grazing land.The property has three serviceable airstrips, and two large hangars – 20 metres x 16 metres and 19 metres x 16 metres.The main strip is about 900 metres long, fenced and has excellent clearway at both ends. The two other strips are each 500 metres in length.The homestead is a 1920s Queenslander, which was renovated in 2000. It has polished timber flooring and a large kitchen as well as a covered deck.There is also a separate one-bedroom cottage.It is listed for auction through Barry Quinn and Jez McNamara of Ray White Rural on April 13. If a helicopter is more your style, a luxurious acreage property at 63-73 Eumundi Range Rd, Eumundi, has provision for a helipad.The eight-bedroom Queenslander is listed for auction on April 28, through Tracy Russell of Tom Offermann Real Estate. French doors open out onto a veranda and there are oak floors and high ceilings throughout.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus20 hours ago \0 Black Mountain Rd, Black Mountain. Picture: realestate.com.auThere are cattle yards and crush and established bird aviaries in surrounding established gardens.It has an old air strip which has been previously used for a crop dusting plane. It is listed through Craig Fischer of Noosa Regional Realty – Cooroy. Plenty of room for a helipad at Eumundi. Picture: realestate.com.auDownstairs is a fully self-contained retreat with two bedrooms and living space. There is also another contemporary residence on the property which has wheelchair access, a large deck, and a communal living room with a home theatre plus a separate dining room. The property has a tennis court and a swimming pool.center_img 30 Black Mountain Rd, Black Mountain. Picture: realestate.com.auThe rich pastures to the mountains and hills are fully fenced, there are spring-fed dams and a running creek. 63-73 Eumundi Range Rd, EumundiThe 9.3h estate has fenced paddocks and two dams stocked with bream.It is licenced to operate as bed and breakfast accommodation.Also on the Sunshine Coast, a 27.9ha property at 430 Black Mountain Rd, Black Mountain, is listed for $1.235 million.The property has an original two-bedroom Queenslander with views across the hills and a two-bedroom prefab home among established gardens.last_img read more

Allianz GI’s Utermann expecting macroeconomic ‘Groundhog Day’

first_img“We are relatively shorter in the US and Germany; relatively more sanguine on the euro-zone peripherals; and pretty bullish on emerging market debt in local-currency terms – and that has been our position for several years,” he said.Nominal and real interest rates in the core developed economies will remain lower for longer than the market currently anticipates as central banks continue to “surprise” financial markets, as the Fed did recently with the decision to postpone ‘tapering’, he argued.Utermann emphasised the importance of this “surprise” element: one can get one’s bets about tapering wrong, he suggested, but one can confidently assume central banks will do what is necessary to surprise markets, based on their perception of current sentiment.That means continued ‘financial repression’, savers remaining disadvantaged, currency movements hurting investors in certain regions and no “massive sell-off” in developed market sovereign bonds.Despite this, Utermann said the risk of low returns and capital losses if investors wanted to exit positions meant Allianz Global Investors was not advising clients to hold these bonds.Despite “muted and fragmented global growth” and fear of tapering being replaced by fear of deflation, the policy environment will continue to favour risk assets.Equities will “probably earn their risk premium”, he said.“Equities have done substantially better than I’d have expected, despite stagnating earnings – we have seen a significant re-rating,” he added.“Dividends will continue to be an important driver of equity returns.”Utermann warned that the big Japan trade of 2013 might have run its course because the absence of a “real crisis” in the country would delay genuine structural reform of labour markets, in particular.“There is a limit to how big central bank balance sheets can grow, so investing in Japanese risk assets today looks to us like a trade on borrowed time,” he said.But the firm’s long-term bullishness on emerging market local currency bonds remains intact in the face of this year’s sell-off.“Tapering makes people concerned about renewed volatility in that asset class, but it should be a buying opportunity, not a time to sell,” he said.“We expect less volatility next time around because we feel a lot of this is in the price, now. That means the buying opportunity could be short-lived.” Andreas Utermann, global CIO at Allianz Global Investors, thinks central banks will surprise markets with looser-than-expected policy through 2014, keeping bond yields contained in an environment of “muted and fragmented” global growth.“I feel like I’m going through the financial markets equivalent of ‘Groundhog Day’,” Utermann said, name-checking the classic 1993 comedy in which Bill Murray lives through the same 24 hours over and over again, at a press conference in London following his firm’s Investment Forum in New York. “Our position for 2014 is essentially the same we had going into 2011, 2012 and 2013.”Some of that position is now looking a little more contrarian, however.Utermann warned against high exposure to risk assets in Japan and advised investors to buy into weakness in emerging market local currency debt.last_img read more

Steven Blackie moves up at Mercer as UK investments head

first_imgMercer said Race decided to step back from business leadership to focus on client work and a small number of new service delivery, risk and governance responsibilities.Before working at Mercer, Blackie was commercial director for Aon Hewitt’s consultancy business in Scotland, and also worked at Edinburgh Fund Managers, as well as Merrill Lynch Investment Managers. Mercer has appointed Edinburgh-based Steven Blackie as its UK head of investments.He will succeed Patrick Race, who held the position for more than four years.In his new job as UK head of investments, Blackie will focus on developing Mercer’s advisory and delegated services, as well as growing “innovative offerings for the wealth management and insurance market segments,” the company said.Blackie has been commercial director for Mercer’s UK investments business up until this appointment, having first joined the consultancy back in 2009 as head of the Edinburgh investment team.last_img read more

Sold On Gold Coast: suburbs that offer great value for money

first_imgMedian house price: $680,000Median house rent: $640/weekMedian unit price: $405,000Median unit rent: $450/weekAverage days on market: 30.5 Average hold period: 12 years Population: 9121Average weekly household income: $1323Median age: 43 The Gold Coast has a number of suburbs with a median house price close to the city’s overall median.THE Glitter Strip is renowned for its flashy mega-mansions but you don’t have to be a millionaire to live in the city.The Gold Coast’s median house price of $655,000 is considered affordable in comparison to Melbourne and Sydney’s, which stands at $710,000 and $920,000 respectively.Currumbin Waters, Helensvale and Robina were the three areas with a median house price closest to the Gold Coast’s overall median, as featured in the Bulletin’s Sold On Gold Coast property guide. So what makes these suburbs great value for money? Helensvale has become a bustling area in the northern suburbs.Helensvale has become one of the Gold Coast’s busiest hubs.With a Westfield shopping centre, popular train station and its proximity to theme parks, it has a lot to offer.While it is at the northern end of the Coast, it feels much more central because of its public transport network.The extension of the light rail to connect with the train, which travels north to Brisbane and south to Varsity Lakes, has encouraged more people to move to the area. More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoIt also makes it easy for residents to travel to Southport, Surfers Paradise and Broadbeach without having to worry about traffic or parking. There are a range of different types of homes on offer in the area.Larger homes with bigger blocks, waterfront properties and townhouses are amongthose in abundance of supply. As it is a growing area, Helensvale is also home to several new housing developments. Villawood Properties’ community The Surrounds is one of the latest. Its $4 million state-of-the-art leisure centre recently opened. There are also some impressive display homes around, with many designs winning awards.Porter Davis property advisor Julie Ferriere encouraged house hunters to keep an open mind when looking through them.She urged buyers to look at homes that were in their budget, visit a range of different builders, ask lots of questions, particularly about what fixtures and fittings are included, to ensure its clear what the design will look like, and pay close attention to the layout. 2. Helensvale Median house price: $655,000Median house rent: $580/weekMedian unit price: $428,500Median unit rent: $515/weekAverage days on market: 48 Average hold period: 10 years Population: 23,106Average weekly household income: $1483Median age: 39 Source: CoreLogic data to April 2019 MORE NEWS: Why the trend towards ‘spools’ is heating up 3. Robina MORE NEWS: First home buyers have upper hand 1. Currumbin Waters Median house price: $635,000Median house rent: $600/weekMedian unit price: $353,500Median unit rent: $410/weekAverage days on market: 60 Average hold period: 11 years Population: 16,862Average weekly household income: $1642Median age: 41 Currumbin Waters is between the beach and the Hinterland.Only minutes from some of the Gold Coast’s most beautiful beaches and featuring plenty of parklands and a lake, Currumbin Waters offers the best of both worlds. Currumbin Creek divides the southern suburb, which is the gateway from the beach to the Hinterland. The creek is a bustling area on warm days, providing a safe spot for children to swim and take part in water activities like stand-up paddle boarding and kayaking. Offering a point of difference to its beachside neighbour, Currumbin Waters is surrounded by rolling hills and greenery. On the other side of the suburb is Currumbin Valley — a nature-lover’s playground with rainforest walks, the ever-popular rock pools and mountains with picture-perfect views. Its natural beauty is a big tick with house hunters and the main reason why properties in the suburb are among the longest held on the Gold Coast. Residents hold on to their houses for an average of 12 years, according to the latest CoreLogic figures. It also provides a much cheaper option for buyers looking to break into the area but can’t afford to buy in Currumbin itself. Currumbin Waters’ median house price of $680,000 is $141,000 cheaper than its neighbour. There are also plenty of options to buy waterside thanks to the creek and two man-made waterways within the suburb. On the boarder of Queensland and New South Wales, it is a handy spot for those who commute between the two states.It’s also a popular spot for families thanks to its range of amenities including sporting facilities. These include the Merv Craig Sports Ground, Tierney Park, which is home to the Currumbin District Horse Club, and Palm Beach Currumbin Rugby Union Club’s home ground at Currumbin Hills Park. Robina is home to one of the largest shopping centres in the southern hemisphere.Robina has come a long way since its humble beginnings as grazing farmland almost 40 years ago.It is now one of the Gold Coast’s biggest community hubs with state-of-the-art shopping, recreation and education facilities. The central suburb is between the Pacific Motorway and Southport-Burleigh Rd with Merrimac and Clear Island Waters on one side and Varsity Lakes on the other. It has more than 30 parks and is surrounded by lakes, waterways, walking tracks and cycling paths. It is also home to one of the largest shopping centres in the southern hemisphere — Robina Town Centre.Bond University is on the eastern side of the suburb while Cbus Super Stadium, where rugby league team the Gold Coast Titans train and play, is on the western side. Locals can make the most of public transport with Robina Station offering easy access to Brisbane via the train and buses that service the Coast. The suburb is considered one of the Coast’s most liveable.It has a mix of housing options, from apartments and townhouses to duplexes and houses.According to the latest CoreLogic data, the median house price in Robina is $665,000 and $428,500 for units.Development has breathed new life into the suburb over the years, particularly residential.Bellevue at The Glades is one of the latest developments in the area. It will include 58 apartments across two buildings, which will be connected at the podium level.Both buildings are expected to be finished in November with more than 70 per cent sold.last_img read more

Villarreal veteran Cazorla tipped to join Arteta’s Arsenal staff

first_img “Basically what may happen, he wants two more years playing. Two more years. Going back to Arsenal with Arteta is something that I think he will consider as a coach. “I asked him about it, he said yes, he will consider as a coach when he retires but he wants to play for two more years. Read Also:Sacked Arsenal boss on Fiorentina shortlist “I tell you what, Mikel Arteta and Cazorla together, really good friends first of all but really good special minds of football.” FacebookTwitterWhatsAppEmail分享 Lionel Messi’s biographer Guillem Balague believes Cazorla will eventually return to Arenal to reunite with former midfield team-mate Mikel Arteta, now the club’s manager. But before another link-up with his countryman, the 2012-13 Arsenal Player of the Season wants to extend his playing days by another two seasons. “It’s interesting because I spoke to Santi not so long ago and he hasn’t renewed his contract with Villarreal which finishes at the end of the season,” Balague told his Ask Guillem Q&A show on his YouTube channel.Advertisement Villarreal veteran Santi Cazorla is being linked with a coaching role at Arsenal. Loading… Promoted ContentWho Is The Most Powerful Woman On Earth?Top 10 Most Romantic Nations In The World8 Superfoods For Growing Hair Back And Stimulating Its Growth5 Of The World’s Most Unique Theme Parks5 Of The World’s Most Unique Theme Parks10 Places On Our Planet Where The Most People Live10 Hyper-Realistic 3D Street Art By OdeithDid You Know There’s A Black Hole In The Milky Way?You’ve Only Seen Such Colorful Hairdos In A Handful Of Anime10 Risky Jobs Some Women Do7 Of The Wealthiest Universities In The WorldWhich Country Is The Most Romantic In The World?last_img read more

Timothy Joe Smith

first_imgTimothy Joe Smith, age 59 of Laurel, Indiana, passed away on Friday, December 15, 2017 at his home.  The son of Joe & Raylene (nee: Bernett) Smith was born on August 25, 1958 in New Castle, IN.Over the years, Tim worked for Hill-Rom in Batesville and Ford in Connersville but the last few years he had been disabled.Tim is survived by his wife, Suzanne (nee: Warren); children, Tim Smith Jr. and  Stephen Smith; step children, Eric Hopping, Aaron Hopping and Stephanie Engle; 18 grand children, 2 great grandchildren; brothers, Tom and Danny Smith and sisters, Jenny Barber and Becky West.In addition to his parents he was preceded in death by his brothers Stephen and David Smith.Visitation will be Wednesday, December 20, 2017 from 11am -1pm immediately followed by funeral services at 1pm all at Meyers Funeral Home in Batesville.  Pastor Mike Addison officiating.  Burial will follow in the Green Cemetery.Online condolences www.meyersfuneralhomes.com.last_img read more

Griffin gets IMCA Late Model Feature win, Sunoco bonus at Lee County

first_imgDONNELLSON, Iowa (July 24) – Dustin Griffin took the checkers and $250 Sunoco Race Fuels bonus in the Friday feature for IMCA Sunoco Late Models at Pepsi Lee County Speedway. Marolf tried to keep pace with Griffin over the entire race but without a caution there was no catching the leader, as he pulled away to claim his first win of the season at the track.  It was also Griffin’s first win in three years, as he has been temporarily retired from the sport. The win was worth $850 thanks to the Sunoco Racing Fuel bonus.  Quincy, Ill., driver Dustin Griffin returned to the track to win the IMCA Sunoco Late Model main event Friday at Pepsi Lee County Speedway, earning the $250 Sunoco Race Fuels bonus for his efforts. (IMCA Photo) Griffin and Matt Strassheim made up the front row for the 20-lap event. Griffin took advantage of his starting spot to grab the lead on lap one over Nick Marolf and Mark Burgtorf.  Gates open at 4:30 p.m. with hot laps at 6 p.m. and racing to follow. Marolf settled for second, Burgtorf was third, Tommy Elston was fourth, with Denny Woodworth rounding out the top five.  Other winners were Michael Long in the IMCA Modifieds, John Oliver Jr. in the IMCA Sunoco Stock Cars, Austen Becerra in the Karl Kustoms Northern SportMods and Jason Ashn in the Mach-1 Sport Compacts.  Pepsi Lee County Speedway will be off Friday and back in action Saturday, Aug. 1 with the fourth qualifying night for the Shottenkirk Parts Express Drive For 5, presented by Ideal Ready Mix, Floyd’s Waste Systems, J.J. Nichting Company Case IH, Woodworth Attorney at Law, Triple Seven Trucking, Triple R Performance Engines, KQ92, and Big Country 103.1, for the IMCA Sunoco Late Models. Also on the card will be sanctioned Modifieds, Stock Cars, Northern SportMods and Sport Compacts. By Brian Neal All divisions will be draw/redraw, with IMCA Speedway Motors Weekly Racing National, regional and KMJ Performance State points but no track points awarded.last_img read more