Study: Production costs key in closure of Appalachian coal mines

first_imgStudy: Production costs key in closure of Appalachian coal mines FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):A new working paper focused on Appalachia coal mines concludes that mounting production costs were responsible for far more closures than [falling] natural gas prices in the time period they studied.“We used a model to analyze these different scenarios, and what comes out of it is, rather than these different demand-side factors, which have been recently attributed as the biggest heartache for Appalachia mining firms, we actually found that it was their own production costs that were likely the biggest drivers of the industry’s decline in that region,” said Brett Jordan, a postdoctoral researcher at the University Alaska Anchorage’s Institute of Social and Economic Research and the lead author of the paper.The paper modeled mine closure decisions as a function of expected profitability and concluded that between 2002 and 2012 — a period that largely precedes a boom in Marcellus shale development that flooded Appalachia and surrounding regions with abundant and cheap natural gas —about two-thirds of observed coal mine closures were caused by declining profits. Some of the factors leading to reduced profits include lower worker productivity, higher health and safety costs, and higher bonding costs. Natural gas prices and reduced electricity consumption independently explain about one-third of the mine closures in the observed period, the report concludes.The new working paper from Jordan and his co-authors found that between 2002 and 2012, the real per-ton extraction costs in Appalachia had nearly doubled, with companies attributing factors such as the price of machine capital, steel, replacement parts, labor and diesel fuel in their public filings. Companies mining in the region have also increasingly pointed to tightening environmental and labor regulations as the depletion of coal reserves continues to push these companies into thinner and lower-quality seams of coal in the region.“The conclusion that declining mine productivity explains more closures than declining coal demand is perhaps surprising, given the focus of the literature and public debate on demand rather than supply-side factors,” the paper said. “However, this conclusion is consistent with the magnitudes of the shocks. During the sample period, declining productivity reduced annual operating profits three times as much as did lower natural gas prices or electricity consumption.”Had there not been such a drastic change in productivity, coal prices may have been sufficiently low for coal-fired plants to be competitive with natural gas plants, the report’s authors wrote.More ($): Study points to supply-side costs as biggest driver of Appalachia’s coal woeslast_img read more

Scenes From Ferguson-Inspired Protests Nationwide

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Dozens of cities across the United States saw mass protests for a second consecutive night Tuesday as demonstrators continued to express dissatisfaction over a Ferguson, Mo. grand jury’s decision Monday not to indict police officer Darren Wilson in the killing of Michael Brown. Outraged protesters flooded the streets of New York City, Boston, Los Angeles and other American cities, one day after a county prosecutor announced that a grand jury meeting since August decided against indicting Wilson in the shooting. In all, demonstrations took place in nearly 40 states overnight. Brown’s death reignited racial tensions in the majority-black community of Ferugson and sparked weeks of protests in and around the St. Louis suburb following his killing by Wilson. In Manhattan, thousands took over Union Square before groups of protesters splintered off to Times Square, the Manhattan Bridge, FDR Drive and other highly-trafficed areas. NYPD Commissioner Bill Bratton reportedly said officers were under orders to allow protesters to demonstrate, as long as they did so peacefully. Videos posted on social media showed protesters waving signs that read “Black Lives Matter,” and chanting “Hands up, don’t shoot!”—a reference to witness accounts that said Brown raised his hands in the air during the confrontation, signaling that he was surrendering.Below are some of the many tweets and vines posted throughout last night documenting the unfolding protests: New York City Chicago Boston Los Angeles NYC: Protests Begin At #UnionSquare –#Ferguson –— Breaking911 (@Breaking911) November 25, 2014last_img read more

Bilambil Heights home was the perfect match for first time home buyers who love the beach

first_img10 Mount Bilinga Circuit Bilambil Heights“We really like entertaining so the triple stacker doors are perfect for opening the kitchen area up to the Alfresco.“The kitchen itself is one of our favourite places in the house because we can keep an eye on the girls playing, the house is very open-plan.” 10 Mount Bilinga Circuit Bilambil HeightsMr Kane said while location was at the top of his list, he has added a few of his own touches on the home. “We added a pool in for the kids and we did the garden up ourselves,” he said.The swimming pool also features a contemporary water feature and LED lights.“Mel and I like to get our hands dirty so we did what we could ourselves. 10 Mount Bilinga Circuit Bilambil HeightsFIRST time homebuyers Jase and Mel Kane wanted their first home to be modern, functional and close to the beach.The couple bought the block in 2011 to build a Metricon Home that had an indoor-outdoor style and enough space to raise their two young daughters Milla, four, and Tessa, one. 10 Mount Bilinga Circuit Bilambil HeightsThe four-bedroom, two-bathroom home is spread out on a 728sq m block and includes easterly views over the Tweed Broadwater. “It is only a seven minute drive to the beach,” Mr Kane said.“Mel and I really liked the neighbourhood and how it is positioned; there is one way in and one way out.“It shaped like a loop which makes it feel very residential, our neighbours are people who are have built here to live and raise young families like us.” More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North8 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago 10 Mount Bilinga Circuit Bilambil HeightsThe house includes a children’s retreat, gallery style kitchen with modern pendant lighting and Caesar stone benchtops.Located at 10 Mount Bilinga Circuit, the property is 10 minutes to the Gold Coast.last_img read more

Finland’s Elo updates strategic asset allocation to boost efficiency

first_imgElo, the merged mutual pension insurance company of Finland’s Pension Fennia and Local Tapiola, is updating its strategic allocation and strengthening its in-house capabilities by reducing the number of managers this year.Pension Fennia and Local Tapiola merged officially on 1 January.The two firm’s combined investment portfolio is now worth €18.6bn.Some €8.15bn of this originates from Pension Fennia, which transferred its assets to the new entity at Local Tapiola, which was already managing a portfolio of €10.44bn. Hanna Hiidenpalo, CIO at Elo, told IPE the firm aimed to make its investment operations more effective over the current year.At the moment, more than 60% of the firm’s assets are managed in-house – the company invests in hundreds of funds.Prior to the launch of Elo, Pension Fennia had invested slightly more in external funds than Local Tapiola had.“We are now analysing our portfolio and scanning all the funds in which Elo’s assets are invested, inspecting how they match with our strategy,” Hiidenpalo said.“Our aim is to clarify the portfolio structure overall – and it is likely we will end up exiting some of the funds in the process.”Today, the lion’s share of Elo’s assets is invested in fixed income including credit-related investment (less than 40%) and equities (approximately 30%).The rest of the portfolio includes property (15%) and hedge funds (10%) and alternatives (5%).Some 30% of Elo’s assets are invested in Finland, but on the equities side home-region makes up one-third of the portfolio.The rest of Elo’s equities are invested in other EU stock markets (30%), the US (approximately 20%) and emerging markets (nearly 20%).Prior to the establishment of Elo, the investment portfolios of Local Tapiola and Pension Fennia were quite similar to one another in terms of overall asset allocation.The only notable difference was Pension Fennia’s slightly larger exposure to property – at 16.5% of all holdings, whilst Local Tapiola’s property exposure was 13.2%.“Our primary target in using funds is to complement our own operations and strategy and investment policy,” Hiidenpalo said.“Funds come into play in specific markets, industries and particularly challenging alternative strategies, where our team of some 50 investment specialists do not have notable long-term expertise.“This year, we want to make our operations more effective and focus on our core operations – investing and analysis. This is of utmost importance in a big organisation like Elo.”last_img read more

EC Trojans Football Booster Meeting Wednesday

first_imgThe East Central Trojans Football Booster Meeting is set for Wednesday (10-9) at 6 PM at the high school cafeteria.last_img

Batesville Area CYO Basketball Results And Upcoming Tourney Bracket

first_imgBatesville Area CYO Basketball ResultsSunday  (1-19)St. Louis 1 beat All Saints 1 53- 46This was a very close game throughout the whole game. These two teams are the #1 and #2 seed going into the tournament so it was a very competitive game. Leading the way for St. Louis was Seth Gausman with 21 and Adam Cox with 20. Leading the way for all Saints was Griffin Werner with 12 points, Luke Hornbach with 9, and JJ Stenger with 8.   St. Louis #2 lost against All Saints #1 48-34.St. Louis only had 5 guys this week and they really played for 4 quarters. leading the way for St. Louis was Kurt Siefert with 23 points, Luke Wilson with 5, Adam Vogelsang with 14 and Tyler Kuntz with 2. Leading the way for All Saints 2 team was Kevin Huber with 15, Justin Ryan with 12, and Joe Bueschur with 10.  Other scores around the league. St. Michael’s won against St. Mary’s #2 38-34 Holy Family won against St. Mary’s 58-38 St. Maurice won against St. Catherine’s 73-262020 tourneyCourtesy of Bruins Coach Fuzz Springmeyer.last_img read more

Bulldog Swimmers Win Quad Meet At Lawrenceburg

first_imgNOTABLES— Second place finishers included: Will Johnson (200 IM; 100 Back); Paige Oldham (50 Free); Maria Lopez (100 Fly); Sean Callahan (100 Free; 100 Breast); Ava Obermeyer (500 Free); Lilly Wonnell (100 Breast) TEAM SCORESBatesville Bulldogs 104Milan 88Lawrenceburg 59Southwestern (Hanover) 26Shawe Memorial 2 Batesville Lady Bulldogs 92Lawrenceburg 77Milan 68Southwestern 44 The Batesville High School Men’s and Women’s swimming team traveled to Lawrenceburg High School for a 5-team and 4-team meet. Both teams came out victorious in a tight battle. BULLDOG WINNERS200 Medley Relay (1:51.27) — W. Johnson, B. Moster, E. Brewer, S. CallahanBenjamin Moster — 50 Free (25.33); 500 Free (5:52.53)200 Free Relay (1:44.83) — C. Tyrer, B. Moster, E. Brewer, S. Callahancenter_img Sonja Gaulin — 50 Free (28.75); 100 Free (1:01.70)200 Free Relay (1:59.88) — G. Martin, C. Main, P. Oldham, S. Gaulin400 Free Relay (4:28.05) — G. Martin, L. Loichinger, M. Lopez, S. Gaulin UP NEXTThe Batesville Bulldogs will be capping off the regular season at the Brebeuf Invitational hosted at the IU Natatorium on Jan. 28, 2019. Batesville will be one of 17 teams attending this invitational at one of the most historic pools in the nation. Meet starts at 5:45 and will include a brief Senior recognition at 5:30 pm for all the teams in attendance. Meet results available here: Courtesy of Bulldogs Coach Greg McMullen.last_img read more

Rooney never doubted Fellaini

first_img Manager Louis van Gaal said the midfielder was undroppable on current form, Ashley Young believes Fellaini is “unplayable” when at the peak of his powers, and Rooney thinks the Belgian is the best on the planet when it comes to relieving pressure and turning defence into attack. The United captain said: “We like to play out from the back and if teams are pressing us then we have him as an option. He is probably the best in world football at bringing the ball down and getting us out of that pressure and further up the pitch.” That Fellaini would receive such praise off anyone would have seemed laughable last summer. The 27-year-old was made to shoulder much of the blame for the disastrous reign of David Moyes, who signed the midfielder for £27.5million. The United fans who were excited at the prospect of watching the Belgian play quickly threw away the Afro wigs they had bought to mark his arrival when his form went downhill as fast as the team’s and Moyes was sacked. Such was the apathy towards Fellaini that his introduction off the bench for United’s final pre-season friendly against Valencia last August was greeted with sarcastic cheers from the home fans. Rooney thinks Fellaini should take credit for the way he dealt with the negativity that was directed his way. “Last year was awful for him,” Rooney said. “But in fairness he kept his head down worked hard and come through that tough period. Wayne Rooney never doubted Marouane Fellaini would become a world-beater at Manchester United. Fellaini put on the latest in a long line of impressive performances on Sunday when he starred in United’s 4-2 derby win over Manchester City at Old Trafford. Fellaini did not start a game for United until the end of October, but his form has become so good recently that those who work with him have been falling over themselves to praise him. “It was tough for him but he had the whole team’s support. We knew he was working hard and it wasn’t just him struggling last season, a lot of us were. “He was the one who took most of the blame for it. It was hard for him. Thankfully the manager has shown faith in him. “He is showing now what he did at Everton and why Manchester United bought him. He is a quality player. He is a different option for us and it is starting to show on the pitch.” In the first derby, Fellaini lacked discipline and seemed determined to get sent off, but on Sunday he put on arguably the best performance of his United career. The 6ft 4in midfielder eased the pressure on his team-mates by heading in United’s second and he won his battle with his opposite number Yaya Toure, who was made to look like a tired fortysomething by the final whistle. Rooney thinks Fellaini, and the rest of the United front six, were more willing to graft for their team-mates than the opposition. He said: “We know some City players are not the best at tracking back and defending and tracking runners and we felt we could make them pay for that and we did do. “We have got players who can score goals from midfield and to be honest we felt that was going to win us the game and it was proved to be.” Fellaini, Rooney and their team-mates will look to make it seven straight wins this Saturday when they travel to Stamford Bridge. Although mathematically United can still win the title, even if they win in London, leaders Chelsea will still be five points clear and they have a match in hand against bottom side Leicester to come. But Rooney knows United can send out another message by becoming the first team to win at Stamford Bridge in the league in more than a year. “We are confident going to Chelsea,” the striker said. “We are in a good run of form and have beaten some good teams.” Press Associationlast_img read more

Participants in the Second edition of Accra “Worksout” to get free medicals on Saturday

first_imgParticipants in the second edition of Accra “Worksout” will get free medical attention on Saturday before and after the Fitness conscious program at the Accra Sports Stadium.The first edition was lauded by many with scores in attendance but this time participants will get the benefit to medically check their status.The program which is a monthly event is been put together by Primeval Consult in partnership with the National Sports Authority (NSA).The second edition will draw participants from various Keep Fit Clubs, Corporate bodies and individuals to the multi- purpose court at the Accra Stadium. The program will give an opportunity to members of the corporate world to burn down calories due to their busy work schedules.last_img read more

Lakers focus on player health and injury prevention ahead of restart

first_img Lakers, Clippers schedules set for first round of NBA playoffs Newsroom GuidelinesNews TipsContact UsReport an Error For the time being, all of the Lakers’ work is focused on their bodies. Between the weight room, training room and court time, players have a lot to squeeze in roughly two-hour windows at the practice facility. Vogel said he prefers giving them more time now to spend with their families: The Lakers will dive more into film and group work when they arrive in Orlando and clear quarantine.Game-ready shape requires physicality, speed and reaction ability that Vogel said many players haven’t truly tested in months.“All those types of things have been dormant, so to speak,” he said. “They’ve just gotta be, hopefully, brought back in a relatively quick fashion and at the right pace. We’re very concerned about going too fast once we get going.”While Avery Bradley is sitting out the restart and Dwight Howard is still reportedly mulling his options and could join the Lakers later in the process, Davis said he’s had no reservations about getting back to competition. The NBA announced Thursday morning that nine new positive COVID cases surfaced among players, and 848 tests of traveling staffers revealed 10 new COVID cases.Vogel and Davis said they trust the league’s preparation and guidelines, and they believe attendees will follow the restrictions of the Disney World campus for the greater good.“Obviously the numbers are spiking in Orlando, and I don’t think no one wants to get COVID,” Davis said. “So I don’t think guys would put themselves, or hopefully won’t put themselves, the other players and staff that’s gonna be in the bubble in jeopardy.”The steady rise in cases around the country is just one of the uncertain factors the Lakers face, along with losing Bradley and not being sure Howard will join. They’ll also seek to continue blending Markieff Morris and Dion Waiters, as well as new signee J.R. Smith. Between the age of the roster and the quick uptick to the July 30 start, there could be increased risk of injury for the Lakers as much as any team.Related Articles Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers How athletes protesting the national anthem has evolved over 17 years center_img And yet Davis seemed confident that his team remains the one everyone is trying to unseat.“Actually, I think our chances are higher just because we’re all rested and we’re all ready to go,” he said. “If anything, our chances got higher and it’s going to be about just who wants it more. Everybody kind of had a decompression of the season and obviously with stuff going on, but it’s about what team wants it more and which team can stay healthy.” For just about four months, Anthony Davis lived with the pain.After an injury during the opening slate of games last fall when he jammed his right shoulder, it was common, even for months afterward, to see the 6-foot-10 forward rolling the joint while wincing in pain. Davis gets these nagging injuries that are difficult to shake once in the rhythm of the season.So in one light, the hiatus has done him good: Without the physical toll of games and going through daily workouts – with plenty of down time with video games mixed in – Davis said Thursday he feels as good as he’s felt physically all year.“It’s been good for me to kind of let some of them lingering injuries I had towards the time when the NBA stopped to kind of recover and heal and get back into the best version of myself,” he said. “I feel 100 percent healthy. Well, I don’t feel – I am.” AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersKeeping Davis and the other Lakers that way is a priority for the team, which has zeroed in on staying healthy headed to the NBA’s Orlando restart later this month. While the threat of COVID-19 looms over all the proceedings, the Lakers anticipate that the abbreviated timeline to get back into shape and the unusual circumstances of play could mean the NBA title will be won by the team that can withstand the most attrition.To that end, the Lakers will be sending a full roster of 17 players, including two-way contract players Devontae Cacok and Kostas Antetokounmpo, to provide maximum depth. NBA teams are restricted to a 35-person initial travel party, which coach Frank Vogel said the Lakers will use heavily on medical staff at the expense of some spots for coaches.While the Lakers have not disclosed which coaches will not be traveling to Orlando on July 9, Vogel said “miserable” decisions were necessary to protect the health of the players.“Just because of the history of players coming back after a lockout types of situations and the high risk of injury,” he said. “Additionally with the COVID protocols and potentially having guys out, we did decide to bring 17 players so that we make sure that we have enough practice bodies. What that does is it leaves you, and what most teams are going through, it leaves you a little bit shorthanded on the coaching front.”Coaches who don’t travel with the team initially will work remotely, and as long as the Lakers advance through the postseason, they anticipate more staffers will be able to join the campus. Lakers practice early hoping to answer all questions last_img read more