first_imgEIA: 2020 U.S. coal production will fall to 501 million tons, 29% drop from 2019 FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):The U.S. Energy Information Administration once again lowered its projections for 2020 coal production, foreseeing a 29% drop in output compared to the prior year.The EIA said in its latest “Short-Term Energy Outlook” released July 7 that it expects U.S. coal miners to produce 501 million tons in 2020, compared to 705 million tons in 2019. The energy forecaster said its sinking predictions for coal production were “largely” reflective of declining demand for thermal coal from the domestic power sector and metallurgical coal from the coal export market. The agency also acknowledged the impacts of COVID-19 mitigation efforts, which resulted in mines idling to preserve worker safety.The agency slightly lowered its expectations for production to rebound in 2021 atop an expected rise in gas prices, asserting output would increase by 7% to 536 million tons. This figure is lower than EIA’s June estimate of 549 million tons to be produced in 2021.Coal exports are expected to decrease in 2020 by 32% to 63 million tons as Atlantic ports “are seeing decreased demand because of the global economic slowdown,” EIA stated. The agency said it expects exports to increase by 7% in 2021, a “limited” boost held back by declining demand for U.S. coal in India.EIA also predicted coal prices will decrease in 2020 to $1.98/MMBtu, 4 cents lower than its June forecast. Prices will increase in 2021 to $2.04, EIA said.[Jacob Holzman]More ($): U.S. EIA predicts 29% drop in coal production for 2020last_img read more

first_imgWhen we crossed the Colorado border, I was curled up in the fetal position on the bed. It was nearing midnight, and Adam had been driving for the better part of the day. About Kansas, I had started to feel sick, like that pre-flu-achey-type that makes you feel useless, the world numb. Chills, sweats, fatigue. I could hardly stay awake behind the wheel for 20 minutes. Convenient timing for a halfway-across-the-country roadtrip.And so, Adam drove, his eyelids heavy from the 15+ hours he’d already driven. I took the wheel and slogged the last hour into Boulder, the least I could do, before pulling into a Safeway parking lot. It took every shard of energy I could muster to stumble back to the bed and collapse.When we awoke the next morning, the realization sunk in.We made it._MG_6835In the distance, the Flatiron Mountains rose sharply toward the sky, their craggy faces peaking faintly through the early morning clouds. The Safeway parking lot looked magical, ethereal even, as the sun sparkled down on its blacktop.I had only been to Colorado once before, and Adam never.Toto, I have a feeling we aren’t in Kansas anymore, came Dorothy Gale’s voice from the recesses of my mind.“Whoa,” was about all I could say.Were it not for the stomach virus I battled over the next few days, the reality of our new surroundings might have felt more novel than “whoa.” But on Thursday night, our rig heading westward, I finally felt the sparkle of the unknown rekindle my flame of wonder.From Boulder to Grand Junction takes a little over four hours, so instead of getting up early to drive, we decided to drive late. Adam slept soundly in the back. I fiddled with the radio, landing on a staticy station playing Mexican corridos, and settled in.Soon, the lighted streets of Boulder faded into clear darkness. It was just me, the wheel, and the moonlit road before me. Mountains emerged out of the shadow of I-70, their snow-capped peaks glistening in the moonlight. I felt swamped in their grandeur. My coworkers in Boulder had deterred us from driving at night, more for the lack of views than anything. But each and every ridgeline was perfectly silhouetted in a silvery sheen, the scree fields and saddles and valleys below. I could see everything.After a weekend of working the Grand Junction Off-Road, we headed 20 minutes out of town to the cycling mecca of Fruita. That Sunday marked the first day I had felt any significant signs of improvement, and I was eager to see Colorado from a trail and not a road._MG_6988 _MG_6887We pulled into the BLM camping in North Fruita Desert and immediately knew we were somewhere special. Mesas and cliff faces of red and gold sprang to life from the barren sandy plains. The wind howled, sending swirling tornadoes of sand across our campsite.Within the hour, I was sweating, huffing my way up Prime Cut, thinking very little of those same impressive mounds of earth around me. My throat cracked from thirst. I felt weak and wobbly, unsure of myself despite the practically smooth, well-graded trail. Adam was waiting at the top of the climb, grinning from ear to ear.IMG_3648 IMG_3654 IMG_3695“Would you look at this place?!” he exclaimed, howling into the wind.“It’s beautiful,” I gasped between sips of water.In truth, I was so consumed with thinking about how much I suck at mountain biking that the beauty of the desert hardly fazed me. I couldn’t shake it, this negativity, no matter how hard I tried to reason with myself. Every time I had to hike-a-bike was like a walk of shame. I was starting to feel defeated.Then, the already-gradual climb leveled out. We whirled around berm after berm, picking up speed as we wove between pockets of sagebrush and juniper trees. Up and down, up and down, hugging hillsides and dropping into steep culverts. Was this a trail or a roller coaster?IMG_3678 IMG_3725“Yeeeeeeewwwww,” I yelled, surprising myself. Now this is fun.I could faintly make out Adam’s yellow pack up ahead, bobbing along as he, too, rolled up and over down the trail.Suddenly, my front tire skidded. A rabbit darted across the trail in front of me. I braked, looking over my shoulder to catch a glimpse of its tail diving into the thicket. In that second, I shifted my handlebars with my gaze. By the time I whirled around, I knew I was in trouble. Too late to correct.Smack. My wheel crunched into the trail and pitched me forward, my right shoulder and jaw landing first. I imagine I must have looked like a cartoon character sliding across the ground, face-first, legs up over her head. When the dust around me settled, I slowly righted myself, careful to avoid hitting the raw underside of my forearm. I could feel the gritty dirt in my teeth, caking my tongue and throat. My head was throbbing. I started laughing hysterically.“Jessie are you okay!?” Adam ran down the hill toward me. When he saw that I was laughing, the concern in his brow relaxed. I, on the other hand, couldn’t tell if I was laughing or sobbing. Whatever it was, it was uncontrollable. For the most part, nothing hurt. I hadn’t broken anything. My bike was fine.I took a few deep breaths and stood up, walking my bike to the top of the hill.Adam said something to the effect of “Dude, all I saw was your rear wheel…” but his words fell on deaf ears. I was dizzy. My head, heavy.“I think I need to sit down,” I mumbled, buckling at the knees and sinking to the ground. I then proceeded to hyperventilate, which I’ve never done before, so I didn’t know I was doing it until Adam said “Breathe,” and I couldn’t.15 minutes later, the chest spasms had passed. I was starting to breathe normally again, though my head felt foggy. Cautiously, we set off toward our campsite, Adam cruising behind with a watchful eye._MG_7144 _MG_7093IMG_3608When I returned to camp, I had a hard time laughing off the fall. First a stomach virus, now this?What gives? I thought.But as the sun eased past the horizon and the moon rose, lighting up the mesas, I thought back to my drive from Boulder and the sense of wonder those snow-capped peaks fueled in me. I had come west to explore unknown (to me) places, experience new things. Of course I would be pushing myself in the process.There’s that saying, ‘If you want something you have never had, you must be willing to do something you’ve never done.’ Going westward, getting a stomach virus, and flying otb, I’ve never done any of those things before. Perhaps this is just the start._MG_7426 IMG_3796 IMG_3874– Jess D.Like anything you see in the images above? Check out some of these awesome products from our sponsors La Sportiva, Farm to Feet, Mountain House, LifeStraw, IceMule Coolers, ENO, DeLorme, Crazy Creek Products.last_img read more

first_imgCredit unions have just one more week to complete and submit their official comment letters on NCUA’s current risk-based capital proposal, and NAFCU’s regulatory advocacy team is encouraging members to give NCUA their input.Comments are due to NCUA April 27.“We continue to have problems with this proposed rule, specifically for its impact on the industry as well as individual credit unions, for the way it splits the industry in setting the definition of ‘complex’ and for its attempt to set a two-tier ratio that we still think lacks statutory authorization,” said Alicia Nealon, NAFCU’s director of regulatory affairs.Nealon pointed out that the maelstrom of comments and concerns aired in connection with the first RBC proposal yielded some small, but real, concessions on NCUA’s part. “This isn’t the time to stop weighing in,” Nealon said. “What credit unions can say and demonstrate to the agency now can make a difference.”NAFCU is using its members’ input for its own official comment as it works to ensure its stance reflects the best interests’ of its members. Members can use the set of talking points (login required) posted on NAFCU’s website in drafting their own letters. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

first_img 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Jason Skemp As PolicyWorks’ Director of Audit Services, Jason Skemp is responsible for the delivery of PolicyWorks’ compliance review services provided to credit unions nationwide. Jason works extensively with individual credit unions … Web: Details If your childhood was anything like mine, your parents were terrified at the prospect of you leaving the nest before you knew the basics. Dicing an onion, fixing a flat tire, avoiding streaks on a mirror – these were the everyday tasks parents just had to teach their kids. Heaven forbid they grow into adults who couldn’t stop a faucet from leaking. Can you imagine the embarrassment?Little did they know there’d be a wonderful invention called the Internet where even the most clueless among us could become an expert in minutes. Life Hacks, YouTube, all those how-to chat rooms – there’s a plethora of information available right at our fingertips.  And although my mom and dad did succeed in training me for the unexpected, I’m very grateful for the extra help. Just last week, an online instructional video saved my basement from flooding.I’ve always wished for this kind of of-the-moment, at-the-fingertips information for compliance. After all, compliance training was not something moms and dads – nor even colleges and universities – could have prepared anyone for.  Wouldn’t it be great to have a nice online video, or instructional manual, when implement new requirements?Until the day compliance becomes as easy as saving your house from a flood, there are some pretty reliable tools out there credit unions can find and use to ease their compliance tasks.  The Consumer Financial Protection Bureau (CFPB), for example, recently released four simple, online resources related to the upcoming Home Mortgage Disclosure Act (HMDA) changes. Check them out:The CFPB developed a webinar, which it made available on YouTube. It will be part of a series that provides an overview of the final rule and key dates.The bureau has also released a transactional coverage chart to help determine whether a particular loan transaction (application, origination or purchase) is reportable.A sample data collection form from Appendix B of the final rule was also developed and distributed by the bureau.Lastly, the CFPB put together a technology preview of the new HMDA platform for credit unions to review, as well.I would recommend taking a look at each of these to help with your implementation process. I know this information cannot literally show you how to implement new changes, like my life-saver plumbing video. But it will provide you with material to update your HMDA processes and provide helpful information for training your staff on the new changes.last_img read more

first_imgI know right?! You’d rather watch paint dry then try to understand how network routing and interchange works…  It’s part of a cloudy payments mystery. It’s not surprising that many of the organizations involved in your payments solutions want you feeling nauseous when the topic comes up.  Why? Because it becomes much easier for them to keep a larger portion of the income for themselves when you ignore (or don’t understand) the details. Plain and simple. Let’s consider one of the income streams from your payment program:  ATM Interchange.Why ATM interchange? Well, most of the interchange articles have always focused on point-of-sale (POS) interchange and the effects of the Durbin amendment.  And even though point-of-sale (POS) interchange has been beaten (or written) to death, it’s counterpart, ATM interchange has gone mostly unnoticed. And it’s easy to understand why the focus has been on point-of-sale.Most of you have hundreds, if not thousands of cardholding members that carry your debit card around, making purchases every day.  However, most credit unions only operate 1-3 ATMs. So, when you are using your secret decoder ring to decipher your debit processor invoice, the heaviest volume of transactions and money moved occurs from your cardholders (AKA the issuer side).  Your issuing transaction volume can be outpacing your acquiring ATM volume by 20-to-1 or greater. As volume goes, so goes your focus. So, you pay attention to point-of-sale interchange and the ATM side gets little consideration.ATM interchange works differently than point-of-sale interchange. However, the concept is similar.  Interchange is used as payment from one side of a transaction (the cardholder’s institution) to the other side (the ATM owner).  But, very little has been done to improve the interchange a credit union earns from its ATM(s). However, you can make some adjustments to the acquiring side of your ATM program that can have a positive impact on your bottom-line.  First, review the routing table for your ATMs.  The routing table contains the list of networks your ATM can accept and the priority or ranking you give the networks.  Make sure to put networks with higher interchange at the top of your table. Next, analyze your ATM networks. You can improve the interchange income you receive from non-member transactions (foreign cardholders) at your ATMs by working with the right networks.  Most networks publish their fee schedules, making it easy to build your own comparison table. When comparing, make sure you consider all the possible costs: membership fees, monthly fees, admin fees, switch fees and lastly interchange. When it comes to your ATMs, there is money to be saved and income to be earned.  Your ATM program may never be profitable. Even so, there are tweaks you can make to improve the bottom-line of your fleet (whether 1 or 100 ATMs).  With the Windows 10 migration coming in early 2020, you’ll be faced with some larger decisions regarding your ATMs. Get ahead of the migration date and give yourself a chance to get into the details without being rushed into a poor decision. Large, required ATM changes like the ADA regulation and EMV were necessary evils that became great opportunities for many to make needed changes to their ATM strategy.  Windows 10 serves as another such opportunity. Now get on it! 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Joe Woods Joe Woods, CUDE is a 15-year credit union veteran.  He has spent time with Corporate One FCU, Liberty Enterprises, co-founded Legacy Member Services and was part of the senior management … Web: Detailslast_img read more

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

first_imgThe announcement came as governments and central banks around the world announce fiscal stimulus and monetary easing policies, following the historic global financial market rout spurred by fears over the COVID-19 pandemic.The new measures add to the first Rp 10.3 trillion stimulus package announced on Feb. 25 that provided mortgage subsidies for low-income families and fiscal incentives for travel-related industries. The government will also speed up the disbursement of social spending in the first quarter and subsidies for the pre-employment card program this month. The government also unveiled a non-fiscal stimulus package that includes a reduction in the number of goods prohibited for import and the acceleration of export and import processing and licensing, especially for reputable traders.Read also: Tax breaks, job training to combat virus impactsIn the financial sector, the Financial Services Authority (OJK) announced it would allow banks to issue new “policies to stimulate economic growth, especially for borrowers affected by the COVID-19 outbreak, including MSMEs [micro, small and medium enterprises]”. The policies include the relaxation of credit assessment and restructuring requirements.“This will not be the last announcement, as the developments have been extremely dynamic. We will assess the situation to mitigate and minimize the impacts. We cannot eradicate the impacts but we can minimize them for corporations and the public,” Finance Minister Sri Mulyani Indrawati told a press briefing in Jakarta. Key elements of the second stimulus package announced on March 13 The government announced on Friday that it would allocate Rp 120 trillion (US$8.1 billion) from the state budget to stimulate the economy by providing tax incentives and subsidies for workers, businesses and families affected by the COVID-19 pandemic.The government’s second stimulus package, worth Rp 22.9 trillion, includes individual and corporate tax breaks as well as the relaxation of loan disbursement and restructuring requirements.Finance Minister Sri Mulyani Indrawati said manufacturing workers with incomes below Rp 200 million per year would be exempted from paying income taxes for six months. The government has also cut the corporate income tax rate by 30 percent for six months and deferred import tax payments for six months for 19 manufacturing industries. It will also speed up repayments of overpaid tax without initial audits.center_img Fiscal stimulus measuresGovernment to exempt manufacturing workers with yearly incomes below Rp 200 million from income tax for six months.Import taxes for raw materials waived for six months for 19 manufacturing industries.Corporate tax rate cut by 30 percent for six months for 19 manufacturing industries.Repayment of overpaid tax to be sped up without initial audits. No limit set for exporters, but Rp 5 billion limit set for non-exporters.Non-fiscal measuresImport restrictions to be reduced for goods under the 749 HS code, including in the fisheries and forestry industries. Health certificate and V-legal documents will no longer be required.Import restrictions to be simplified for raw materials, including steel and alloy steel as well as several food commodities including sugar. The government will also simplify regulations on animal, medicine and food imports.Export-import processes to be sped up for reputable traders.National logistics ecosystem development to be improved.Financial sectorRelaxation of credit scoring requirementsRelaxation of loan restructuring requirementsFoodIssuance of import recommendations to be sped up to ensure sufficient supply and stabilize food prices. Topics :last_img read more

first_imgMesut Ozil was hauled off with 10 minutes remaining of Wednesday’s Europa League final against Chelsea (Picture: Getty)‘The club buys you to be the actual leader around the club. I don’t think Mesut has that in him to carry. I don’t train with him everyday, but I don’t think he has it in him to be leader.’After a difficult start to their relationship, Emery handed Ozil a more prominent role in recent weeks, especially in light of Aaron Ramsey’s season-ending hamstring injury.Ozil, however, has failed to deliver as Arsenal missed out on a top four place, before Wednesday’s capitulation, and Emery, according to the Daily Mail, has had enough.Arsenal have received limited interest in Ozil and are now prepared to subsidise his wages in order to ensure he is sold, or at least loaned out, in the summer.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Advertisement Comment Arsenal will take drastic action to ensure Mesut Ozil is sold this summer Mesut Ozil was heavily criticised for his performance in Wednesday’s Europa League final defeat against Chelsea (Picture: Getty)Unai Emery is determined that Mesut Ozil will play no part in his Arsenal rebuild and the club are prepared to subsidise his enormous salary in order to engineer his exit.The 30-year-old signed a new long-term contract 18 months ago worth a staggering £350,000-a-week but has failed to justify is superstar status and is set to become the highest profile departure in what is destined to be a major summer clear-out.Ozil’s star has waned to such a degree that he was hauled off with 10 minutes remaining of Wednesday’s catastrophic 4-1 Europa League final defeat against Chelsea replaced, pointedly, by academy graduate Joe Willock.AdvertisementAdvertisementThe former Real Madrid playmaker was heavily criticised for his performance by Cesc Fabregas who, in his role as a pundit for BT Sport, said: ‘I think sometimes you just have it inside or you don’t have it.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 City‘When he was at Real Madrid he was surrounded by top top players and one of the best players in the history of the sport in Cristiano Ronaldo.‘I’m not taking anything away from Mesut, he played top football there.‘But once you step down a little bit, because we can all agree Real Madrid, Barcelona, Bayern Munich they are top three, you have to show yourself a little bit more because you don’t have the same quality around you. Metro Sport ReporterSaturday 1 Jun 2019 10:42 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.8kShares Advertisementlast_img read more

first_imgAdvertisement Arsenal and United battled it out for eight years (Picture: Allsport)The Gunners won the title by a point in 1998 before United did the same in 1999 and though it was Ferguson’s side that won the Treble, Arsenal could have easily done the Double Double such was the fine margins between the teams.AdvertisementAdvertisementGiggs, of course, played on for a further 15 years after the Treble and battled off the likes of Jose Mourinho’s Chelsea and Roberto Mancini’s Manchester City but he says Wenger’s first great Arsenal side was his toughest opponents.More: 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 City‘They [Arsenal 98/99] had such an experienced team,’ Giggs told Sky Sports.‘Obviously at the back the famous back five but in front of them had a bit of everything.‘They had power, they had pace, imagination with Dennis Bergkamp, goals and penetration with Nicolas Anelka. ‘I agree with you [Gary Neville] they were the toughest team to play against.‘I mean Jose’s Chelsea team were tough in a different way they were pragmatic and tough to break down but Arsenal could do everything. ‘They were similar to ourselves they could build up, could counter attack, they were similar, right through the spine they were so strong right from the goalkeeper through to Bergkamp and Anelka.’MORE: Liverpool’s Andy Robertson and Trent Alexander-Arnold are the best full-backs in the world, says Jose Enrique Comment ‘They had everything’: Ryan Giggs names the toughest opponents he faced at Manchester United Advertisement Manchester United and Arsenal shared the title between 1996 and 2004 (Picture: Getty)Manchester United legend Ryan Giggs says the Arsenal side of the late 1990s is the toughest team he faced during his career.Sir Alex Ferguson’s side won back-to-back Premier League titles in the early 90s before Blackburn Rovers and Newcastle United fleetingly threatened their superiority.But it was the arrival of Arsene Wenger in 1996 that gave the Premier League its most iconic rivalry as Ferguson found his match in the Frenchman.Wenger inherited Arsenal’s famous back five but added astute signings in midfield and flair up front to make Arsenal a more rounded side.ADVERTISEMENT Metro Sport ReporterSunday 17 May 2020 11:40 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link2.6kShareslast_img read more

first_imgAfter transiting the Expanded Panama Canal, the 14,424 TEU Evergreen Triton arrived at the Helen Delich Bentley Port of Baltimore on May 24, becoming the largest containership to ever visit Maryland.As informed, the ultra large container vessel (ULCV) was able to call the Port of Baltimore following the port’s investment in infrastructure that allows it to handle some of the largest ships in the world.“Thanks to Maryland’s investment in a 50-foot berth, every year we are seeing larger and larger container ships choosing the Port of Baltimore,” Governor Larry Hogan, commented. Previously, the largest containership to visit the Port of Baltimore was the 11,000 TEU containership Gunde Maersk, which arrived at the port in October.Thanks to a public-private partnership between the Maryland Department of Transportation Maryland Port Administration (MDOT MPA) and Ports America Chesapeake, the Port of Baltimore is one of the few ports on the East Coast to have a 50-foot deep channel and a 50-foot deep berth necessary to accommodate the mega-ships traveling through the recently expanded Panama Canal. Ports America Chesapeake operates Seagirt Marine Terminal, the port’s container terminal.“We are very happy to welcome our largest ever container ship, the Evergreen Triton, to the Port of Baltimore,” James J. White, MDOT Maryland Port Administration Executive Director, said.In December 2018, MDOT MPA and Ports America Chesapeake announced a USD 32.7 million project to develop a second 50-foot-deep container berth at Seagirt Marine Terminal. When completed, this second berth will allow the Port of Baltimore to handle two supersized containerships simultaneously.Construction on the new berth is expected to commence by the end of 2019. The berth is expected to become operational by early 2021.The Port of Baltimore is coming off a record-breaking year in 2018. A record 43 million tons of international cargo was handled last year by the combined state-owned public and the privately-owned marine terminals. That surpassed the previous high mark of 40.9 million tons in 1974.The value of the cargo passing through the port in 2018 was also a new benchmark: USD 59.7 billion, surpassing the previous USD 53.9 billion set in 2017. The port’s state-owned public terminals handled a record 10.9 million tons of general cargo last year marking the third consecutive year exceeding the 10-million-ton plateau.In 2018, the port handled 1,023,152 TEU containers marking the first year ever it had exceeded one million.Read more: Port of Baltimore Gets EPA Funding to Help Promote Clean Airlast_img read more