Category: jbkeskdr

TikTok, Clarice: Why the government’s moves against Chinese firms could hurt real estate

first_imgTagsChinese investmentDonald TrumpWeChat Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlinkcenter_img Trump’s crackdown on TikTok and WeChat could further chill Chinese investment in U.S. real estate.Daniel Chang’s phone wouldn’t stop lighting up.It was the night of Aug. 6, shortly after President Trump signed an executive order banning the ubiquitous Chinese social media platform WeChat. Chang, a prominent broker at Sotheby’s International Realty, said his longtime Chinese clients rushed to swap phone numbers and email addresses, worried they would lose contact.“A lot of people cannot fanqiang using a VPN,” he said, using the term for scaling the “Great Firewall” of China. “If you’ve lost WeChat, you’ve lost everything.”For all its problems, the U.S. has historically been considered one of the safest major markets for business, with a robust legal system and a government that’s stayed out of the way of private enterprise. Those same factors made it a top global destination for real estate investors. But the Trump administration’s unprecedented crackdown on WeChat coupled with its recent efforts to force a sale of TikTok could have a chilling effect across several industries, according to experts.“This is an administration that believes in what economists call ‘managed trade.’ That is, instead of letting the market decide things, we should regulate,” said Bill Reinsch, a trade expert at the Center for Strategic and International Studies in Washington. “The message is, “we want you to do things our way and we want you to promise to do things our way.’”The moves could further dampen Chinese interest in U.S. real estate, notably on two crucial fronts: wealthy individuals who use WeChat to find and invest in U.S. residential property and Chinese institutional investors and lenders who have pumped billions of dollars of debt and equity into the local market.“If you’ve lost WeChat, you’ve lost everything.”Daniel Chang, Sotheby’s International Realty“Foreign investors are used to thinking about political risks when operating in developing countries with weak legal institutions and rule of law,” Brookings Institution fellow Geoffrey Gertz wrote on Aug. 7. The TikTok and WeChat bans, Gertz wrote, suggest that “political risk should be a core concern for any global company attempting to operate across the U.S.-China divide.”Key moneyThe White House says TikTok and WeChat – which are used by an estimated 2 billion people worldwide – are national security threats. After Trump signed executive orders banning the apps, Peter Navarro, the White House director of trade policy said the apps had put Americans in “the crosshairs of an Orwellian regime.”“It’s 10 p.m.,” Navarro quipped. “Does the Chinese Community Party know where your children are at?”Trump, ever the real estate operative, has also characterized TikTok in industry terms and argued the U.S. government should get a cut of sale proceeds. “It’s a bit like the landlord-tenant,” he said on Aug. 3. “Without a lease, the tenant has nothing. So they pay what’s called key money, or they pay something.” (New York real estate observers would have noted the irony of this phrasing, given that TikTok signed one of the city’s largest new office leases in May at the Durst Organization’s Times Square tower.)Trade experts warned that the president’s actions suggest a U.S. hostile to international business. The bans, Eurasia Group’s Paul Triolo told CNN, represent an “unprecedented intervention by the U.S. government in the consumer technology sector.”“Does the Chinese Community Party know where your children are at?” – Peter Navarro, White House trade adviserTikTok slammed Trump’s executive order as setting a “dangerous precedent” and undermining “global businesses’ trust in the United States ” (On Aug. 27, TikTok CEO Kevin Mayer resigned, reasoning that “the role that I signed up for — including running TikTok globally — will look very different as a result of the U.S. administration’s action to push for a selloff of the U.S. business.”)Nobody knowsThe U.S.-China trade war has already taken a big toll on commercial real estate.Chinese investment in U.S. real estate hit a high in 2016, when investors poured $19.5 billion into commercial property deals, according to Real Capital Analytics. But Beijing’s strict capital controls, enacted late that year, put an end to record deals that included Anbang Insurance Group’s $1.95 billion purchase of the Waldorf-Astoria in 2014, HNA Group’s $2.2 billion buy of 245 Park Avenue and Fosun International’s $725 million purchase of 28 Liberty in 2013.(Click to enlarge)Last year, Chinese investment in U.S. real estate plummeted to $827 million and Chinese firms are now racing to sell their U.S. assets under pressure from Beijing. In 2019, Chinese investors sold more than $20 billion worth of real estate, according to Real Capital Analytics.The under-fire Anbang, for example, has put its portfolio of luxury hotels on the market, while HNA is unwinding assets acquired during a $50 billion spending spree. Last month, Dalian Wanda Group agreed to sell its 90 percent stake in Chicago’s Vista Tower in Chicago for $270 million.Observers said the Trump administration is looking to hurt China where it is most vulnerable. The president proposed new sanctions on Hong Kong in July, after China moved to revoke the city’s special status, which had allowed it to function as an international banking hub.The forced sale of TikTok — could start impacting that flow of capital.” Alex Foshay, Newmark Knight Frank“There were holes in the system, where Chinese families and even companies could move money to Hong Kong and set up Hong Kong entities that they could invest real estate through,” said one Chinese lender.The Hong Kong conduit is now in question, and the lender said no one knows how far the U.S. government will go to hamper Chinese and Hong Kong financial institutions, including banks. “You could wake up and they could say you have to stop doing new business as a bank,” the lender said.Alex Foshay, head of international capital markets at Newmark Knight Frank, said Chinese bank lending could be the “other shoe that has yet to drop,” said In 2019, mainland Chinese banks loaned $4.2 billion on commercial real estate deals including $2.3 billion in New York City, NKF data show. Year to date, banks have loaned just $1.73 billion, primarily on New York deals.“Chinese lending has continued to be very aggressive in recent years,” Foshay said. “The current trade war — and more specifically, the forced sale of TikTok — could start impacting that flow of capital.”The lender source disputed that scenario, pointing out that Chinese banks in the U.S. are funded locally. Beijing also likes the optics of Chinese banks doing business around the world.“It’s a marketing statement to say, ‘We have a global financial powerhouse,’” the lender said.Message not deliveredThe WeChat ban is not just a political headache. It’s also a serious logistical and communications one.“WeChat is almost like an addiction, it’s a necessity of life for anyone from China,” said the Chinese lender, who noted that even banks rely on the social network as an important back channel.“Compared to all the other attacks on China, it’s on the mechanical side of communication,” said RCA’s Jim Costello.For that reason, the ban has big implications beyond real estate. “It would practically shut down communication between the U.S. and China,” Graham Webster, a China expert at think tank New America, told Bloomberg.In an Aug. 11 call with White House officials, more than a dozen major U.S. corporations including Apple, Goldman Sachs and Ford, said the ban would undermine their competitiveness. “For those who don’t live in China, they don’t understand how vast the implications are if American companies aren’t allowed to use it,” Craig Allen, president of the U.S.-China Business Council, told the Wall Street Journal.For many would-be property investors, the uncertainty of whether WeChat really will be banned is harrowing. Reinsch predicted many will sit on the sidelines until after the November presidential election. But Costello pointed out that the ban could also hurt investors who already own assets in the U.S.“Managing those assets and communicating with service providers, customers, and investment partners all happens on WeChat,” he said.According to Sotheby’s Chang, many clients are testing other apps — iMessage, QQ, AliPay, WhatsApp, Line and Telegram.Chang said he’s concerned about record retention, since he stores some proprietary information on WeChat. But the thing he fears most is the loss of market intelligence. For instance, although institutional investors have already pulled back, parents of Chinese college students who don’t want them living in dorms during Covid are still interested in the residential market.“I see what the Chinese people are posting, or not posting,” Chang said. “That’s what I’ll miss.”—Kevin Sun contributed reporting.last_img read more

SteamSpy shutting down after Steam privacy update

first_imgSteamSpy shutting down after Steam privacy updateSwitch to default hidden game libraries cuts off primary source of tracker’s dataJames BatchelorEditor-in-ChiefWednesday 11th April 2018Share this article Recommend Tweet ShareCompanies in this articleValveThe widely-used SteamSpy service is shutting down, potentially forever.The site, which offers insight into how well titles are selling on Valve’s leading marketplace, announced it is unable to continue its analysis following the latest update to Steam’s privacy settings.In a blog post, Valve detailed updates to users’ Profile Privacy Settings Page, allowing players choose who can see their profile’s game details, such as past purchases, wishlists or amount of time played.However, something not announced in the blog post is the switch to hiding all users’ game libraries by default.”SteamSpy relied on this information being visible by default and won’t be able to operate anymore,” the site’s founder Sergey Galyonkin wrote via Twitter.Answering a myriad of questions from disappointed followers, Galyonkin assured that all past data and analysis will remain on the site as an archive. He also clarified that getting users to opt-in and share their game libraries “isn’t good for this type of estimates.”When asked whether this could prove a rallying cry for developers to unite and share their sales data, Galyonkin observed that Steam contracts “prohibit sharing the information with third parties.””I still can estimate sales and stuff by CCU [concurrent users],” he tweeted, “but it will take a lot more manual work and will be less precise. Can’t automate it, unfortunately.”It’s a disappointing turn of affairs, as the lack of digital sales data makes it impossible to truly understand what is performing well in the market and how accessible the PC space is to developers.Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games For example, last month SteamSpy revealed that the Top 100 games of 2017 – 0.5 per cent of the titles available – accounted for 50 per cent of the $4.3bn generated in sales last year.As consumers increasingly shift towards digital first purchases across the industry – a long established trend on PC thanks largely to Steam – it means the only indicator of sales remains the ever-changing charts on the Steam home page.If Valve were to reverse this change, SteamSpy would be able to resume its work, but Galyonkin believes this to be highly unlikely.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Publishing & Retail newsletter and get the best of in your inbox. Enter your email addressMore storiesWolfire Games files antitrust lawsuit against ValveThe developer argues that Valve uses its dominant position on the PC market to “exploit publishers and consumers”By Marie Dealessandri 12 days agoValve blocks Super Seducer 3 from SteamMultiple product reviews left Valve at “an impasse” with seduction game creator Richard LeRuinaBy Matthew Handrahan A month agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img read more

Nigeria: Privatisation of the power sector sparks debate

first_img Low carbon, solar future could increase jobs in the future – SAPVIA RELATED ARTICLESMORE FROM AUTHOR The former Chairman of the Nigerian Electricity Regulatory Commission, Dr. Sam Amadi, says the privatisation of the country’s power sector was not the solution to the power sector challenges.“You cannot cure government failure by privatising because privatisation is built upon some basic framework for public good. My argument is that there are some certain structural issues that determine whether that proposition would work. Government needs to reform how it does business,” Amadi said.According to THISDAY, he was speaking at a monthly power dialogue of the Nextier Advisory in Abuja.He added: “The idea that we can outsource government by allowing the private sector to come in with skills, good finance, information management, has failed. That is why I say that I’m not against privatisation as an intervention in cases where it is justified, but I’m against it as an ideology, which is what happened between 2010 and 2013.” Read more…Privatisation of the power sectorAlso speaking at the event was Secretary-General of the National Union of Electricity Employees, Joe Ajaero, who said the model of privatisation adopted by government could not be understood by many, as power distribution companies have failed to provide meters for electricity consumers.He noted that private sector players who bought the power assets had not delivered on the promises they made since they took over the companies four years ago.Ajaero said: “Somebody said that there is a model for privatisation and I have asked, what model did we use in Nigeria? From which country did we borrow the model? In India, you can go to a store and buy your meter, but is that so here? In fact, in every market, even if you want to buy garri, there is measurement for commodities; you have a cup to measure the garri.”He continued: “But you have electricity being generated without following it up with a form of measuring instrument. There are no meters, you generate power and people are charged based on estimation but then we say we’ve arrived with respect to privatisation.” Finance and Policy Generation AFD and Eskom commit to a competitive electricity sector center_img Previous articleEgypt: Dabaa Unit 1 to be complete by 2026Next articleTanzania’s GDP leaning towards middle-income status Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. Featured image of the Nigerian flag: Stock BRICS UNDP China, CCIEE launch report to facilitate low-carbon developmentlast_img read more

Exelon’s shareholders follow PSEG’s by approving merger

first_img Facebook RELATED ARTICLESMORE FROM AUTHOR By chloecox – 7.25.2005 Optimizing Plant Performance: The April POWERGEN+ series activates today Twitter 25 July 2005 – Exelon Corporation’s shareholders have approved the company’s proposed acquisition of Public Service Enterprise Group (PSEG), who’s own shareholders voted in favour of the deal last Tuesday. No posts to display Linkedin New Jersey utility regulators extend zero-carbon breaks for PSEG nuclear power plants Linkedin John W. Rowe, chairman, president and CEO of Exelon, said: “With approvals from shareholders and the Federal Energy Regulatory Commission, we are past two important milestones on our way to creating Exelon Electric and Gas.”center_img The merger will be completed in the second quarter of 2006, pending regulatory approvals from the New Jersey Board of Public Utilities and Pennsylvania Public Utility Commission, as well as reviews by US Department of Justice, Nuclear Regulatory Commission, and Securities and Exchange Commission, among others. TAGSExelonPSEG The approval of the merger was announced at the company’s annual shareholders meeting last week where Rowe said he did not expect to build any more nuclear power plants until the issue of storing spent fuel had been sorted by the government. He stated that most companies shared this view. Nuclear Previous articleJapanese electricity retailers co-operate to lower costsNext articleIran agrees $1bn funding for Iraq energy reconstruction chloecox Twitter Suitors for halted Bellefonte nuclear project ask TVA to consider climate in reviving sale Facebook Exelon’s shareholders follow PSEG’s by approving merger Rowe also said that the company would not be looking to make any further acquisitions in the near future.last_img read more

Police officers, communities of color reflect on the struggle to build trust

first_imgABC NewsBY: MATT GUTMAN, IGNACIO TORRES, JAKE LEFFERMAN, and HALEY YAMEDA, ABC News(LOS ANGELES) — The ambush of two Los Angeles sheriff’s deputies this weekend shocked the country, but it was only the latest incident during a summer of unrest that included nightly stand-offs between police and protesters against police brutality.While the details and motive for this weekend’s ambush remain unknown, the incident illustrates the fears of many of those in uniform. These fears have only been exacerbated by a series of shootings and killings of Black men, including George Floyd, that have soured the public’s attitudes toward police.“There is much work to be done, but we can’t do it alone. We need to have our community members join with us so that we can see a positive future in American policing, so that we can start to change some of the things,” said police captain Yulanda Williams.The sheriff’s deputies shot over the weekend were taken to an emergency room in south LA, where a small group of protesters gathered outside to heckle the officers. The shooting follows rising tensions between police and civilians in the area after sheriff deputies shot and killed Dijon Kizzee in broad daylight on Aug. 31. Police and eyewitnesses said Kizzee appeared unarmed at the time of the shooting.“People wouldn’t be out here, the outpouring wouldn’t be out here if this wasn’t murder. Look at all the outpouring. It wouldn’t be like this if this wasn’t murder. This was murder,” said Reggie Cole, Kizzee’s friend.Cole was with Kizzee just before he was killed last month, and says he’s a survivor of the gang wars in the Westmont neighborhood of LA, where he says there’s still a heavy handed presence by the LA sheriffs.“The classic definition of a police officer — to serve and protect — has no meaning around here,” said Cole.Cole was wrongfully charged and convicted of murder in 1994. He spent 16 years in prison and 10 of those years in solitary confinement before being exonerated in 2009.“In my opinion, law enforcement should be held more responsible than a layman — than a person in the streets. You’re supposed to know the law,” he said. “You should have a higher accountability than a normal person because you’re there to uphold the law. Our whole thing is that we want justice for families. We just want justice. Where is the accountability?”Compton Mayor Aja Brown believes the way to build trust between communities and police is to increase accountability in law enforcement.“There’s just, I believe, a disconnect between community and law enforcement and there is an overarching feeling of not feeling safe in regards to law enforcement,” said Brown. “There are so many instances of unanswered justice for our community, and it’s really hard to tell someone to heal when there hasn’t been any form of restitution or reconciliation or atonement.”As of now, one of the ambushed LA officers remains in the hospital and the FBI is offering a reward for information leading to the arrest of the gunman.“We’re out here to protect and the fact that somebody would do that, it’s kind of a hurt feeling,” said Ron Hernandez, the president of the Association for Los Angeles Deputy Sheriffs. “Like why would somebody do that to us? It’s personal, it’s heartbreaking that somebody would try to kill one of us?”Hernandez said both officers are recuperating. But the 36 year veteran of the LA Sheriff’s Department insisted that while the ambush might make deputies more cautious it would not otherwise change their behavior or protocol.Williams said she is worried that videos of both Black men and officers being shot are getting politicized.“We need to be respectful of life, and we need to recognize when you kill someone, they’re not going to come back,” said Williams.As an officer of color herself, Williams said that this summer, she has found herself navigating between the hurt in her community and the frustration of her colleagues.“We want to be able to establish a much better relationship, but right now, many officers are afraid of the unknown,” said Williams. “My brothers and sisters in blue need to recognize that we can’t take this personally. However, we can use this moment in time where people are angry… We can use it as an opportunity to be better, to be stronger.”Corporal Ryan Tillman, of the Chino Police Department, is trying to “rebrand” the message police officers are sending into their community.“When I put that uniform on, my goal is to go out there, change a perception of how people view police officers,” said Tillman. “What really goes in my mind is really wanting to be a change agent for our community and rebranding what law enforcement looks like.”Tillman is the founder of Breaking Barriers United, a group aimed at repairing the bond between law enforcement and the community through workshops and mentorship.“I was not a fan of police officers. Once I became a police officer, I saw the job completely different, and so one of the things I’ve done from early on is acknowledge our wrongs,” he said. “I’ve told people I’m sorry on behalf of a lot of bad policing you’ve seen out there. And then what that has allowed me to do is now it lays the foundation of honesty, transparency and empathy.”Even as programs like Breaking Barriers United work to build trust between the two communities, some believe making amends needs to extend to structural change.Cole said on behalf of his community, “The only way we can change this situation is for us to change the way [law enforcement] deals with us: through legislation.”Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Director, University Policy Office (PRN25696B)

first_imgUniversity Regulations (policies, rules, guidelines, procedures)impact the entire University: main campus and health sciences, HRand Academic Senate, students and employees, and small units (e.g.,programs) and large units (e.g., colleges). The Director of theUniversity Policy Office (UPO) has a comprehensive understanding ofthe Regulations Library, including how multiple regulationsinteract in all of these contexts, as well as how the RegulationsLibrary intersects with State and Federal laws and regulations.The UPO Director draws on this comprehensiveunderstanding in order to help draft and revise regulations; toadvise policy owners/officers on proposals; and to ensureregulations are consistent and clear, as well as equitable andinclusive. The UPO Director demonstrates criticalthinking, creative problem solving, and exceptional organizationalskills to accomplish goals efficiently and collaboratively.The UPO Director is a key member of the UniversityPolicy Team, a collaborative group of both faculty and staffmembers that ensures policy is coordinated and that revisions aresupported by all constituents and managed efficiently across theentire University. The Office for Faculty and the Office of GeneralCounsel provide staff support to the UPO. The Office ofGeneral Counsel provides legal advice to the UPO.University Mission and ValuesThe mission of the University is to prepare students fromdiverse backgrounds for lives of impact; to generate and sharediscoveries and innovations; and to engage local and globalcommunities to promote education, health, and quality of life. Corevalues include celebrating the rich diversity of people as well ascreative and intellectual traditions by being inclusive in everyrespect.Category IIA: Not required on campus and able toteleworkUniversity of Utah Job ID# PRN25696B – 00658 – GeneralCounselCOMPENSATION: $75,900 to $148,100/yearWORK SCHEDULE: Full TimeRESPONSIBILITIES:Essential FunctionsIn collaboration with the University Policy Team and the Officeof General Counsel,o Advise sponsors of new/revised regulations and provide draftingand editing supporto Advise Senate Presidency, Senate Executive Committee, andAcademic Senate regarding new or revised regulation proposals andthe review process (Includes attending Senate Executive Committeeand Academic Senate meetings when University Regulations are on theagenda, to provide advice, context, and background)o Advise Senate committees engaged in drafting or revisingregulationso Advise University committees, Office for Faculty, Office forAcademic Affairs (Health Sciences), Colleges, Departments, Centers,Institutes, Human Resources, Student Affairs, the Office of theVice President for Research, and other offices as needed onregulation proposals and the review processo Identify areas of policy that need revision and reach out topolicy owners to initiate the process of revisiono Ensure regulations are consistent and adhere to State and Federalregulationso Support units when State or Federal changes require regulationadoption or revisiono Serve as ex officio, non-voting member of the InstitutionalPolicy Committee (IPC)o Other related tasks, as assignedDisclaimerThis job description has been designed to indicate the generalnature and level of work performed by employees within thisclassification. It is not designed to contain or be interpreted asa comprehensive inventory of all duties, responsibilities andqualifications required of employees assigned to the job.QUALIFICATIONS: Bachelor’s degree in Business Administration orrelated area, or equivalency; eight years of progressively moreresponsible management experience; and demonstrated leadership,human relations and effective communications skills required.Master’s degree in Business Administration, or related areapreferred.Applicants must demonstrate the potential ability to perform theessential functions of the job as outlined in the positiondescription.PREFERENCES: JD, other terminal degree, or commensurateexperience. One year of education is equivalent to two years’experience.TO APPLY, VISIT: EQUAL EMPLOYMENT OPPORTUNITYThe University of Utah is an Affirmative Action/EqualOpportunity employer. Upon request, reasonable accommodations inthe application process will be provided to individuals withdisabilities. Please contact the Office of Equal Opportunity andAffirmative Action, 201 S. Presidents Cr., Rm 135, (801) 581-8365(V/TDD), for further information or to request an accommodation.The University of Utah is committed to diversity in its workforce.Women and minorities are encouraged to apply.last_img read more

USA beat Canada to join Pan American Champ 2019 in Peru

first_imgFrance beat Norway with Pardin&Mahe in main role! Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Save my name, email, and website in this browser for the next time I comment. USA TEAM WITH ONLY 12 PLAYERS TO CAIRO! Switzerland are waiting for IHF call? Recommended for you Men’s Play-OffFirst Leg: USA vs Canada 36:24 (18:14)Second Leg: Canada vs USA 27:27 ShareTweetShareShareEmail EGYPT 2021 PODCAST: It’s a shame that USA is not there… Tournament in Peru will be qualifing for the Olympic Games in Tokyo 2020.PHOTO: USA Handball Team Related Items:Canada handball team, handball, Peru handball, USA handball, USA handball team ShareTweetShareShareEmailCommentsAlabama and Montreal were venues for USA-Canada clashes in the Play-Off for the Pan-American Games which will be held in Lima, Peru in July 2019.The Swedish coach Robert Hedin did a good job at the start of his journey with USA team in a routine home win over Canadians 36:24 , so the second match was easy to defend.USA girls did the same with two wins over neighbours .Women’s Play-OffFirst Leg: USA vs Canada 22:20 (12:11)Second Leg: Canada vs USA 16:26 (6:14)USA win 48:36 on aggregate Click to commentlast_img read more

Accession states pin hopes on Danes

first_img“Failure to complete the negotiations will be viewed as a major disappointment. Spain has done well to pave the way for the enlargement process to be concluded and I hope the Danish presidency continues the momentum.”Jensen, deputy chairman of the budgets committee, also predicts that December’s Copenhagen summit will be the last hosted by the Danes under the present system.“Everyone acknowledges the six-month rotating presidency will have to change,” she said.Fellow Liberal MEP Lone Dybkjaer said the Danish presidency would be judged entirely on its record in closing enlargement negotiations with the candidate countries.“This is the one big, single issue that is going to dominate the whole presidency,” he said.“There are going to be a few obstacles along the way and, as much as I want to see agricultural reform, I hope this issue does not hold up discussions. She says the accession negotiations – due for completion by the end of the year – will overshadow all else during the next six months.But the former journalist, who is a member of the ruling Liberal Party, admits that meeting the enlargement deadline will not be easy.“Everyone is hoping that the Danes will make one final, big push on enlargement. But there could still be problems along the way, such as the current arguments over EU subsidies to candidate countries. “One thing is sure – if we don’t succeed in completing the process it will not be for the want of trying.”Meanwhile, Danish eurosceptic Jens-Peter Bonde said he hopes the presidency “respects” the result of the second Irish referendum on the Nice Treaty.last_img read more

Different perspective on shale gas

first_imgFrom:Mark JohnstonWWFBrussels Polish politicians may continue to hype up the importance for Europe of discoveries of shale gas in Poland, but they fail to say what action they want the EU to take (“A subterranean revolution?”, 5-11 May). Since the exploitation of domestic energy sources is mainly a domestic issue for member states, the action that can be taken at an EU level is limited to internal market harmonisation and environmental-protection measures, the legislation for which is already mainly in force. Moreover, the point of shale gas in Poland, if it materialises in significant quantities, would not be to reduce reliance on Russian gas – while most of Poland’s gas does come from Russia, gas is a small part of Poland’s energy mix. Rather, shale gas would be used to reduce the country’s reliance on coal, the main fuel used to generate electricity in Poland. Most of that coal comes from Polish mines. Given pollution pricing introduced under climate controls, Polish domestic coal has become a major liability. last_img read more

Electric Forest adds Lettuce, Raw Russ, The Unsheathed, and Releases Daily Schedule

first_imgElectric Forest has added Brooklyn-funk outfit Lettuce to its lineup, as well as Raw Russ, THE UNSHEATHED, Basscrooks, The Fungineers, and Cello Joe in the latest round of artist additions.  To coincide with the announcement, the daily performance schedule has also been released for your viewing pleasure.Elm and Oak will be TAKING OVER the Silent Disco on Thursday night with Very Special Guests and bringing a blow-out beach party to EF hosted by Raw Russ and Basscrooks! The festival is set to take place June 27th-30th in Rothbury, MI and features three performances by The String Cheese Incident, along with sets from Dispatch, Passion Pit, Pretty Lights, Holy Ghost!, Emancipator, Above & Beyond, Empire of the Sun, Yeasayer, Beats Antique, and a myriad of other artists.You can view the daily schedule here.Artist Additions:LettuceRaw RussTHE UNSHEATHEDThe FungineersBass CrooksCello JoeElectric Forest 2013 LineupThe String Cheese Incident (3 shows)Pretty LightsPassion PitEmpire of the SunKnife PartyAbove & BeyondDispatchLotusBenny BenassiYeasayerBeats AntiqueGrizMatik with Special GuestsMadeonTommy TrashMorgan PageA-TrakGrimesKrewellaHOLY GHOST!NERVOEOTORailroad EarthHeadhunterzTrombone Shorty & Orleans AvenueKill the NoiseBaauerEmancipatorFEMI KUTI & The Positive ForceNoisia3LAUFlosstradamusMichal MenertRL GrimeJust BlazeSuckerPunch ft. Marc and Aron of the Disco Biscuits, Jamie Shields of the New Deal, and Mike Greenfield of LotusDanny BrownGreensky BluegrassDigital Tape Machine ft. Joel Cummins & Kris Myers of Umphrey’s McGeeFuture RockThe Polish AmbassadorThe WerksTreasure FingersBoomBoxClockworkAna SiaCrazeLe Castle VaniaOLIVEROrchard LoungeJeff Austin & FriendsEskmoPigs on the Wing ft. Murphy of STS9Eliot LippCyril HahnReptarNick CatchdubsA Tribe Called RedNo Regular PlayThe Pimps of JoytimeRyan HemsworthLance HerbstrongDoldrumsKeys N KratesNigel HallNahko and Medicine for the PeopleQuixoticRobert DeLongLynxDelhi 2 DublinUp Until NowHelicopter ShowdownRuss LiquidMoon HoochDopapodShreddie MercuryLowRIDERzMilkmanThe Main SqueezeSamo Sound BoyThe FlooziesTwiddleMutrixTumbleweed WanderersDVBBSThe StepkidsBeard-o-BeesLuke the KnifeManic FocusThe Nth PowerParty SuppliesRosin CovenCosby Sweater ft. Joel Cummins of Umphrey’s McGeeChristian RichThriftworksVokab KompanyMotion PotionBestfriendsDustin ThomasDixon’s ViolinMunson MeeksMoonrise NationRobbie FitzsimmonsJessijem n’ the Infamous Crotch Kickers Instrumental Forester WinnerSam Klass Instrumental Forester Winnerlast_img read more