Seaport Global analysts project sharp drop in U.S. thermal coal exports in 2019 and 2020

first_imgSeaport Global analysts project sharp drop in U.S. thermal coal exports in 2019 and 2020 FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($): U.S. thermal coal exports are expected to fall as much as 12% in 2019 and 25% in 2020 given the declining Northern European delivered price, which will put pressure on the U.S. utility and lower-grade U.S. metallurgical prices, Seaport Global analysts wrote April 8.Since October 2018, when the S&P Global Platts CIF ARA was assessed above $100/t, the price front-month CIF ARA price has dropped about 47% to $55.05/t on April 5. The price level for healthy U.S. exporters, Seaport senior analyst Mark Levin and senior associate analyst Nathan Martin wrote, is between $80/t and $90/t, based off the API2 price, with $75/t as the lower limit to keep exports afloat.On April 5, the analysts noted an API2 price of $74/t.Several U.S. producers have locked in tons into the export market at fixed prices, but “a lot of coal that was previously targeted for the export market could find its way back into the U.S. domestic utility market later [in 2019] and in 2020,” Levin and Martin wrote, which would put extra pressure on U.S. utility prices in heavy thermal export regions such as Northern Appalachia and the Illinois Basin.Approximately 54 million tonnes were exported into Europe and Asia when the front-month price averaged $92/t for the year, compared with exports averaging 35 million tonnes in the preceding five years when the price averaged $72/t.Levin and Martin listed a mild winter in Europe, weak natural gas prices, restriction in Australian imports into China, along with more Russian coal making its way into Europe as reasons why the price has dropped so significantly.More ($): Seaport: Falling U.S. thermal coal exports to put pressure on local utility marketlast_img read more

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CUs go HELOC crazy

first_imgI had a sense that more credit unions were getting involved with HELOC’s but I didn’t know how big the trend was until I read this article in today’s American Banker. The paper reports that the growth in credit union HELOC lending combined with an overall decline in the number of HELOC accounts has sent the share of HELOC’s owned by credit unions soaring. In fact, credit unions now hold 13.16% of the HELOC market up from 9.63% in 2015. The graph accompanying today’s blog underscores just how big the increase has been.What’s even more interesting is the reason the article points to for the trend. While banks are still holding back the reigns with more conservative underwriting standards, credit unions are more comfortable with underwriting loans based in part on comfort with the member’s payment history. Ezra Becker, a senior Vice President at Trans Union Financial Service Business Unit points out, “credit unions do a good job working with member loyalty so they may be willing to make a loan that another institution may be unwilling to make.”Now for a boring compliance reminder. This increased interest in HELOC’s is coming just as changes to HMDA regulations mean that any institution that makes more than 500 home equity loans a year as of January 1, 2018, and meets other compliance thresholds, will now have to report these loans. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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FDA details year’s progress on food protection plan

first_img To improve adverse-event reporting, the FDA said it has awarded a contract to develop a reportable food registry and has expanded its drug event database to include adverse feed incidents. The agency reported that it has enhanced its data-mining capabilities for adverse events. In a statement yesterday, Jeff Levi, PhD, executive director of Trust for America’s Health (TFAH), a nonprofit health advocacy group based in Washington, DC, said commended the FDA for moving forward on key food safety initiatives, but he said the nation still lacks a real plan for food protection. The agency said it has taken several measures to speed state responses to foodborne illness outbreaks, such as sponsoring 10 incident command training sessions and working with localities to quickly search more than 2,100 Asian markets for baby formula and other milk products that could potentially be contaminated with melamine. In April, TFAH released a report on gaps in the nation’s food safety system, including what it described as obsolete laws, misallocated resources, and inconsistencies among the government agencies responsible for food safety. Response stepsAs a means of improving response to foodborne illness outbreaks, the FDA said it has expanded its geographic information system (GIS) capabilities to better manage emergency response resources. According to the report, the FDA has formed a steering committee to transition a data mining technology tool for screening imported food—the Predictive Risk-based Evaluation for Dynamic Import Compliance Targeting (PREDICT) system—from the pilot phase to agency-wide use. The 13-page report, which appears on the FDA’s Web site, follows up on a 6-month progress report released in July. Yesterday’s report includes the previous accomplishments, plus several more recent ones, such as opening food safety offices in China. “America’s food safety system has not been seriously upgraded in more than 100 years, and too many Americans get sick each year from preventable foodborne illnesses,” Levi said. “The FDA should articulate to Congress and the American people what resources are needed over the long-term to achieve the goals and define milestones for how to measure success.” To boost laboratory capacity, the FDA reported it is using a high-throughput facility in Denver to test food and enhance data quality and has awarded cooperative agreements to all Food Emergency Response Network (FERN) laboratories to upgrade facilities, conduct training on new testing methods, or increase sample analysis capacity. Yesterday’s report details steps in three main areas: prevention, intervention, and response. FDA Commissioner Andrew von Eschenbach said in a press release yesterday that cutting-edge technology has helped the agency accomplish some of its Food Protection Plan goals. Prevention measuresIn the report, the FDA said much of its recent work on preventing safety problems has centered on getting other groups on board with its Food Protection Plan. For example, in August the FDA held a 50-state meeting in St Louis that gathered more than 200 partners to discuss food safety challenges and initiatives. Intervention achievementsThe FDA said it inspected 5,930 high-risk food establishments during the 2008 fiscal year and piloted an inspection program for high-risk firms in Denver and Minneapolis during the Democratic and Republican national conventions. Aug 26 CIDRAP News story “12 deaths reported in Canadian Listeria outbreak” Consumer and health advocates weigh inChris Waldrop, director of the Food Policy Institute at the Consumer Federation of America, based in Washington, DC, told CIDRAP News that the FDA has been very active over the past year and that it’s useful to see a list of their accomplishments. However, he said the measures don’t address the underlying need for food safety reforms and better performance standards for food producers. “These issues weren’t in the Food Protection Plan from the beginning,” he said. Also, the FDA said it has launched a host of tools for improving food safety. For example, the FDA has hosted Web seminars to train food industry workers on how to use CARVER, a self-assessment tool for minimizing the risk of intentional contamination. (CARVER is an acronym that stands for criticality, accessibility, recuperability, vulnerability, effect, and recognizability.) The FDA has also translated the ALERT-based Web tool for food defense and preparedness into Spanish and translated other program material into French and Portuguese. Von Eschenbach also commented on the extensive collaboration that has helped the FDA put the plan into practice. “Every day, the FDA is working with foreign countries, state and local governments, regulated industry, and consumer groups to ensure the safety of the food supply,” he said. Dec 2, 2008 (CIDRAP News) – The US Food and Drug Administration (FDA) released a report yesterday detailing the first year of accomplishments in implementing its Food Protection Plan, a road map the agency presented in November 2007 in response to a spate of contamination incidents involving domestic and imported food. According to the report, the agency is soliciting stakeholder comments on a plan to improve industry standards for minimizing pathogens in fresh fruit and vegetables. He also said FDA’s new draft compliance guide on Listeria monocytogenes appears to weaken the government’s zero-tolerance standard for the pathogen. “This is headed in the wrong direction,” Waldrop said, adding that some other nations are pushing to weaken international Listeria standards. He said Canada’s recent Listeria outbreak serves as a reminder of how lethal the pathogen can be, particularly in a cross-contamination setting such as a retail deli. Other prevention accomplishments have included approving the use of irradiation to control pathogens in lettuce and spinach, sponsoring discussions on rapid detection technologies, and developing methods to detect melamine and cyanuric acid in feed ingredients, antibiotics in distiller’s grains, and prohibited proteins in animal feed. The FDA also said it developed a method to detect multidrug-resistant Salmonella in seafood. Dec 1 FDA press release Waldrop said some recent events might give the impression that the FDA is backtracking on food safety issues. For example, he said the agency was believed to be close to issuing a final rule on reducing Salmonella levels in shell eggs, but recently stepped back from it. Jul 2 CIDRAP News story “FDA claims progress on food protection plan” To address prevention efforts aimed at imported foods, the FDA said it has hired staff for its offices in China and India and has drafted its first 12-month work plan for the China office. The agency also sponsored a food defense research symposium for Middle Eastern countries. Following up on the ALERT initiative, the FDA and other federal partners launched a food-defense training kit for front-line employees in the food and agriculture industries. In its ongoing tomato safety initiative, aimed at reducing Salmonella contamination, the FDA said it is planning to include an additional area, northern Florida, and is analyzing its findings from other Florida growing areas and Virginia to prepare a report for the industry and other stakeholders. See also: Release of the progress report comes on the heels of a recent critique from the Pew Charitable Trusts of the federal response to this year’s nationwide Salmonella Saintpaul outbreak. The group said the outbreak, which sickened more than 1,400 people, exposed several gaps in the nation’s food safety system, such as the lack of mandatory safety controls for fresh produce. FDA officials have faulted Congress for not giving the agency the authority it needs to establish such mandates. In order to speed recall alerts, the FDA reported it is developing a searchable recall database that will allow it to more quickly get information from companies and professional associations. To enhance traceability of potentially contaminated food, the FDA said it is working with industry and other stakeholders to determine the best practices for product tracing and has announced two public meetings to address the issue. Apr 30 CIDRAP News story “Health group urges overhaul of US food safety system”last_img read more

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Phoenix trial begins for NBA players accused of assault

first_imgThe Morris brothers are accused of helping three other people beat 36-year-old Erik Hood on Jan. 24, 2015.Hood told Phoenix police that he was repeatedly punched and kicked while sustaining a fractured nose, abrasions and a large bump on his head.FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSFederer blasts lack of communication on Australian Open smogHood is an acquaintance of the Morris brothers and reportedly had a falling-out with them in 2010.The 6-foot-9 Morris twins became teammates in 2013 when Marcus was traded to the Suns. View comments End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend Don’t miss out on the latest news and information. A costly, catty dispute finally settled A costly, catty dispute finally settled Break new ground Marcus was traded to the Boston Celtics in July 2017, and Markieff is now with the Washington Wizards.Sports Related Videospowered by AdSparcRead Next Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Learning about the ‘Ring of Fire’center_img It’s too early to present Duterte’s ‘legacy’ – Lacson Forward Markieff Morris #5 of the Washington Wizards celebrates during Game Six of the Eastern Conference Quarterfinals against the Atlanta Hawks at Philips Arena on April 28, 2017 in Atlanta, Georgia. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Mike Zarrilli/Getty Images/AFPPHOENIX — A trial will begin for NBA players Marcus and Markieff Morris, who allegedly assaulted a man outside a Phoenix recreation center two years ago.Maricopa County Superior Court officials announced the trial’s upcoming jury selection will start Wednesday morning.ADVERTISEMENT OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson LATEST STORIES End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend Winning start UAAP: Tamaraws trounce Warriors for first win MOST READlast_img read more

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Tanzania base

first_imgYour name sends a chillYour face sends a silent cold, traveling through spines, like needlesHidden under the enclaves of CARI,Deep in the bosom of Bong!When men, like chicks, ran to your arms for shelterYou opened a door, hid them under your feathersFrom the gnashing sounds of gunshots and stray bulletsBringing a relief, life was about to breathe again!In the darkest of dark,You pushed them out to the wolvesShut your hutsTook off your doorsDemolished your windowsUnmasked your faceAnd, like a coward, you fledOh Tanzania base! Why?You could have left us alone!Let the lions devour us then!Or, we would have buried ourselves alive!But you gave us hope, masked by terror!And left us out to dryWish your name could vanish like a dreamOh Tanzania base, you are a beast!Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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