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2018 Feeding Farmers | Yocom Farms, Champaign Co.

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first_imgShare Facebook Twitter Google + LinkedIn Pinterest The first week of the 2018 Feeding Farmers program, sponsored by AgriGold, took the Ohio Ag Net crew just outside of Urbana in Champaign County to the Yocom farm where brothers Ross and Roger have been farming together for several years. The two were heavily involved in a building sprayers from 1974 onward, but recently retired from the business to solely farm. Ohio Ag Net’s Joel Penhorwood visits with Roger about the operation and its history.Listen to Dale Minyo’s interview with Ross Yocom Audio Playerhttp://ocj.com/wp-content/uploads/2018/06/Dale-interview-at-Yocom-Farms-6-18-18.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Dale Minyo and Ross YocomJoel Penhorwood and Roger YocomThe group enjoying lunch at the Yocom’slast_img read more

Kidnapped MSC Mandy Crew Released

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first_imgzoomIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license The six crew members of MSC Mandy, who were kidnapped on January 2, 2019 in the Gulf of Guinea, have been released.“MSC is pleased and relieved to confirm that the six crew members, who were reported as missing after a small container ship was attacked in the Gulf of Guinea on January 2, have returned home safely,” Mediterranean Shipping Company (MSC) confirmed to World Maritime News.“MSC has no further comment at this time, out of respect for the crew members and their families.”The terms of the crew’s release were not disclosed.According to NATO’s Maritime Domain Awareness for Trade – Gulf of Guinea (MDAT-GoG), the vessel was attacked and boarded by pirates some 55 nautical miles off the coast of Cotonou, while it was traversing through the Gulf of Guinea.The 2,668 TEU ship was sailing from the Port of Lome, Togo, when it was boarded. It had 24 crew members on board, including 23 Russian nationals, according to the information from the Russian Embassy in Nigeria. Six Russian crew members were taken, while the remaining crew members were reported safe.Following the attack, the ship was secured and left Nigerian waters immediately.World Maritime News Stafflast_img read more

StatCan October GDP flat compared with September up from 2016

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first_imgOTTAWA – Canada’s economy took a pause in October, with gross domestic product unchanged from the previous month.Analysts had estimated that Canada’s GDP would grow 0.2 per cent from September, based on some of the recent October economic data released earlier this week by Statistics Canada.Goods-producing industries were down 0.4 per cent from September figures and service-producing industries were up 0.2 per cent, it said.CIBC economist Nick Exarhos said “the mood was running high” ahead of Friday’s report, but said strong wholesale and retail trade volumes reported earlier this week didn’t translate into the same degree of value-added growth.Statistics Canada said the value of wholesale trade was up 1.4 per cent from September, and the value of retail trade was up 1.1 per cent.“Collectively, they contributed a bit more than one tick to GDP, roughly half of what we would have expected heading into the release,” Exarhos wrote in a note to clients.Exarhos added that the mining, oil and gas sector was also softer than expected despite reports of strong production.Statistics Canada said that mining, quarrying and oil and gas extraction declined 1.1 per cent.The agency reported that nine of the 20 industrial sectors that it monitors expanded in October, including manufacturing, which was up 0.1 per cent.“Except manufacturing, output in all goods-producing industries fell,” noted Arlene Kish, director for Canadian economics at IHS Markit.Statistics Canada said the mining, quarrying, and oil and gas extraction sector was down 1.1 per cent.“The drag from the oil and gas and mining industry was mostly related to maintenance operations within non-conventional oil activity . . . However, it should be noted that mining and quarrying activity as well as support activities for the entire sector were also down in the month,” Kish wrote.There were also contractions in the construction sector (down 0.1 per cent) and utilities (down 1.3 per cent)last_img read more

Canadian CEOs have already earned more than the average Canadian will this

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first_imgTORONTO – A policy think tank says Canada’s 100 highest paid CEOs have already earned more than the average Canadian worker will make for all of this year.The 11th annual report on CEO compensation by the Canadian Centre for Policy Alternatives says the average CEO will have earned nearly $50,000 by 10:57 a.m. ET Tuesday, down from mid-afternoon when it first started studying the issue.Its latest report titled “Climbing up and Kicking Down” says the country’s top CEOs now make, on average, $10.4-million a year, or 209 times the average income of $49,738.That’s up from 193 times more in 2015.The report suggests that while the idea of a $15 per hour minimum wage has faced debate across Canada, rising CEO wages have gone largely unchecked.It concludes it isn’t likely that any one measure will curtail the overall growth in CEO compensation and decrease the record-high income gap between Canada’s top executives and the average worker.But it says Ottawa could consider more comprehensive amendments to the Income Tax Act and more broadly eliminate the tax preference that encourages companies to pay their executives in stock and stock derivatives rather than regular dollars.last_img read more

3 US banks post higher profits with huge assist from tax law

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first_imgNEW YORK, N.Y. – Three of America’s biggest banks reported higher profits Friday, with a huge assist from the tax law passed late last year.JPMorgan reported a record quarterly profit, while Citigroup and Wells Fargo topped analyst expectations.Banks are expected to be major beneficiaries of the tax overhaul, which sharply lowered corporate tax rates. Comparing each of the effective tax rates from last year to this year, the three Wall Street banks that reported earnings Friday appeared to have saved roughly $1.6 billion altogether.The first-quarter earnings season will give investors and the public their first good look into how President Trump’s tax law is impacting Corporate America. Publicly traded banks are the first major industry to report their results each quarter.Net income at JPMorgan Chase, the nation’s largest bank by assets and deposits, rose 35 per cent to $8.71 billion. The result was primarily driven by two factors: higher interest rates, which have allowed banks such as JPMorgan to charge more for customers to borrow, and the lower corporate tax rate.However, JPMorgan had to set aside more money to cover bad loans in its consumer bank, where delinquencies have been steadily edging higher. JPMorgan shares fell 2.7 per cent, while shares of Wells Fargo slipped 3.4 per cent and Citigroup shares dropped 1.6 per cent.While JPMorgan’s pretax income rose by $2 billion in the quarter, the company said it effectively paid $240 million less in taxes compared to a year earlier. The bank paid an effective tax rate of 18.3 per cent in the quarter, compared with a rate of 22.7 per cent a year earlier. Before the changes to tax law, JPMorgan’s effective tax rate averaged in the high 20-per cent range.JPMorgan Chief Executive Officer Jamie Dimon has been a big promoter of the tax overhaul, saying it would be good for businesses as well as average Americans. Soon after President Donald Trump signed the law into place, the bank announced higher salaries for most of its retail bank employees, and said it would open branches in a handful of new markets. It also announced an expansion of small business lending.“The global economy continues to do well, and we remain optimistic about the positive impact of tax reform in the U.S. as business sentiment remains upbeat, and consumers benefit from job and wage growth,” Dimon in a statement.Other bank executives were just as optimistic when speaking about the tax law’s impact. Citigroup Chief Financial Officer John Gerspach told reporters Friday that businesses had only begun taking advantage of the changes.“I think the best is yet to come,” he said.Rising interest rates helped JPMorgan Chase and Citigroup, but not Wells Fargo, which continues to struggle under the weight of several scandals and investigations. Wells disclosed as part of its earnings that they may have to pay as much as $1 billion to federal regulators to settle investigations being conducted by financial regulatory agencies.The Federal Reserve has been steadily raising interest rates for more than two years. Net interest income at JPMorgan was $13.3 billion, up 10 per cent from a year earlier. At Citigroup, net interest revenues were $16.33 billion, up 12 per cent from a year earlier. Wells Fargo reported a slight decline in interest income.JPMorgan’s investment bank also had a solid quarter, helped by much more volatile and active markets last quarter. Net income in the investment bank was $3.97 billion, up from $3.24 billion a year earlier.There were some concerns about JPMorgan’s credit quality, however. The bank had to set aside more money to cover potentially bad loans, and the bank’s total charge-off rate — the percentage of loans it expects are not likely to be repaid — climbed to 1.20 per cent of all loans. That compares to 1.07 per cent of loans in the second quarter of 2017.Citi also had to add to its loan-loss reserves, and reported an 8 per cent increase in its total credit losses in the quarter.JPMorgan’s quarterly revenue was $28.52 billion, up from $25.85 billion. On a per-share basis, JPMorgan earned $2.37 a share, up from $1.65 per share, beating analysts’ forecasts.Citigroup reported a profit of $4.62 billion, or $1.68 a share, compared with a profit of $4.09 billion, or $1.35 per share, in the same period a year earlier. The results beat analysts’ forecasts for earnings of $1.61 a share, according to FactSet. It was the largest quarterly profit that Citi has reported since 2015.Wells reported first-quarter earnings of $5.9 billion, or $1.12 per share, topping Wall Street’s per-share expectations by 6 cents, according to a FactSet survey, That profit exceeds last year’s $5.46 billion, or $1.03 per share, in profit.Wells paid $1.37 billion in taxes in the first quarter, about 36 per cent less than the $2.13 billion it paid last year.___Ken Sweet covers banks and the Consumer Financial Protection Bureau for The Associated Press. Follow him on Twitter at @kensweet.last_img read more

Cannabis NB changes images on its website after concerns were raised

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first_imgFREDERICTON – Cannabis NB has made some changes to its website after concerns were raised by Health Canada last week.The Crown agency came under scrutiny for its product descriptions and pictures of people smiling, posing for selfies and holding yoga poses — images that may violate federal regulations.In a statement, Health Canada spokesman Andre Gagnon said the department is trying to raise awareness about the Cannabis Act and its restrictions on promotion.“In a few cases, Health Canada has reached out to … licence holders to bring concerns to their attention, or to collect information and gain a better understanding of some of the facts pertaining to their promotional activities,” he said.Cannabis NB has removed the original pictures and replaced them with images of chairs, a book and painting supplies.Spokeswoman Marie-Andree Bolduc says the agency did not receive any specific direction from Health Canada.“But based on this conversation and discussion, we made adjustments to some images on the website,” she said. “We will be generally reviewing the website and likely be making a few adjustments in the language as well.”In Ottawa, Health Minister Ginette Petitpas Taylor said her department is working with the province to make sure the website meets federal standards.“There are a number of changes that have already been made,” she said in French when asked about the snafu. “Changes have already been made, and we continue to do this work together to ensure that they understand the regulations.”The website includes categories such as “Connect,” “Refresh” and “Discover,” which the agency has described as educational tools for customers.According to figures released Wednesday, Cannabis NB recorded roughly $950,000 dollars in sales during its first 48 hours in business, and more than $71,000 of that revenue was generated by online sales.Cannabis NB President Brian Harriman says the sales figures were in line with expectations.He said the agency sold out of some products, but he said other provinces had the same problem.“Retail stores in communities bordering other provinces, such as Sackville and Campbellton, have seen higher-than-expected demand because of customers coming from other provinces,” Harriman said. “Cannabis NB will continue to closely monitor inventory throughout our stores and work with suppliers to get inventory to normal levels.”last_img read more

Travel advisory issued for Highway 97 from Taylor to Chetwynd

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first_img#BCHwy97 Travel advisory in effect due to limited visibility with blowing snow from #TaylorBC to North of the Junction with #BCHwy29 in #ChetwyndBC.https://t.co/tOSNtObrti— DriveBC NE (@DriveBC_NE) March 2, 2018In the North Peace, Yellowhead Road and Bridge’s Greg McNeil says, the snowfall with persistent blowing snow has caused large amounts of drifting in the area. Six to ten centimetres of snow and winds of 30 km/m with gusts to 50 km/h are expected between now and Friday night.The arctic front that brought the winter storm warning will stick around until Friday with some areas receiving up to 25 cm of snow. FORT ST. JOHN, B.C. – A travel advisory has been issued for Highway 97 from Taylor to Dawson Creek and from Dawson Creek to Chetwynd.A winter storm warning remains in place for the B.C. Peace.  The heavy snow and strong winds have caused dangerous road conditions.Caribou Road Services says the storm has now extended throughout the whole South Peace area. The highways have limited visibility from blowing snow so please use caution in your travels this evening and into tomorrow. CRS crews and hired equipment are going to continue working hard to clear the snow.last_img read more

Russian President Putin challenges Washington in Venezuela power play

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first_imgMoscow: Russia emerged as a crucial power broker in the crisis in far-away Venezuela this week when Washington accused Moscow of convincing President Nicolas Maduro not to flee to Cuba. US Secretary of State Mike Pompeo said Maduro had a plane on the tarmac ready to fly to Havana when “the Russians indicated that he should stay”. Moscow hit back, dismissing the claim as fake and accusing Washington of supporting a coup “that has nothing to do with democracy” by backing opposition leader Juan Guaido. Also Read – Saudi Crown Prince Salman ‘snubbed’ Pak PM Imran, recalled his private jet from US: ReportMoscow has its reasons for standing behind Maduro — he’s a rare ally in Latin America and Russia has poured billions into the Venezuelan economy. But analysts say Russian President Vladimir Putin is also playing the long game, hoping to use Venezuela as leverage in his global tug-of-war with Washington. “Russia is seeking to translate its influence over Maduro — which is in fact not absolute — into an opportunity to have dialogue with the United States,” Tatyana Stanovaya, head of R.Politik, a Paris-based analysis firm, told AFP. Also Read – Iraq military admits ‘excessive force’ used in deadly protests”Maduro is a bargaining chip.” Tensions in Venezuela have soared since Guaido declared himself acting president in January, claiming Maduro’s re-election last year was illegitimate. More than 50 countries led by the United States lined up behind the 35-year-old head of the National Assembly, but Russia and China have backed Maduro. Reeling from Western sanctions, Moscow has quickly sensed an opportunity, even if it meant locking horns with the United States in Latin America, Washington’s traditional sphere of influence. In a highly publicised move in March, Moscow sent two planes with around 100 soldiers and equipment to Caracas, where Russian mercenaries are also believed to be operating. Ties between Russia and the West plummeted over Moscow’s annexation of Crimea in 2014, its backing for separatists in eastern Ukraine and military support for President Bashar al-Assad in Syria. But the audacity with which the Kremlin inserted itself into the Venezuela crisis has drawn gasps in Washington. “Russia is making the next play in our hemisphere,” Frederick Kempe, president of the Atlantic Council, wrote last month. “Vladimir Putin may be laying the ground for making Venezuela the defining foreign policy debacle for President Trump in the same way Syria became that for the Obama administration.” Russia and Venezuela enjoy a long history of ties and Maduro’s predecessor Hugo Chavez, known for his passionate tirades against the United States, was a welcome guest at the Kremlin. After Chavez’s death in 2013 the relationship with a country that boasts the world’s largest proven oil reserves has continued to thrive. Russia is the second largest lender to Caracas after China, with Moscow heavily investing in Venezuela’s oil resources and Caracas acquiring Russian arms worth billions of dollars. However that also means, analysts say, that Russia has a lot to lose from a change in leadership. But what it stands to gain from a possible deal with Washington may be more important for the Kremlin.last_img read more

Buckeyes would be better off losing before big dance

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There’s a problem with the expectations that come with a perfect record: Anything less than perfection is a total failure. That’s what Thad Matta’s Buckeyes (24-0, 11-0 Big Ten) are faced with. With their great season, these Buckeyes have set National Championship expectations just like the 2006–07 squad did. After what this team has shown so far, anything less would lead to scarlet-and-gray heartbreak. There’s no more esteemed company than John Wooden’s undefeated UCLA championship teams of the 1960s and early ’70s, or Bobby Knight’s Indiana team of ’76 that went unbeaten en route to a title, so it’s unrealistic to put the 2011 Ohio State men’s basketball team into the same category. Now, the talent pool is as wide and deep as it’s ever been. The clich&e exists for a reason: Any team can be beaten on any given night. If you don’t believe that, look at some of OSU’s stressful wins against lesser Big Ten teams and say you weren’t the least bit worried. You can’t. This team is far from perfect. It ranks 162nd in the country in rebounds and relies heavily on just seven players. Matta would tell you it still has plenty of room to improve, despite its flawless record. There would be little harm in the team familiarizing itself with the crushing feeling of defeat sooner, rather than later. A loss during the regular season or Big Ten Tournament wouldn’t change OSU’s chances at a No. 1 seed for the NCAA Tournament. Getting that sentiment out of the way would alleviate the added pressure of going into the NCAA Tournament undefeated and dealing with all the nonmaterial questions about Wooden, Knight and the historical implications. Not to say the Buckeyes should lose on purpose, but knowing what a loss feels like could be beneficial — just ask the football team. OSU would have to get 16 more wins in the regular season and postseason to get to a perfect 40-0, the pinnacle of the sport. It undoubtedly would be one of the most incredible achievements in sports history, given the era and climate of college hoops. Is this team capable? Perhaps. Is it likely to happen? No. Only seven teams have won national titles while going undefeated, none more recent than Knight’s ’76 Hoosiers. Eleven teams have finished the regular season undefeated in the tournament era and come up short of the title. The most recent team to do so was Jameer Nelson and Delonte West’s 2004 Saint Joseph’s Hawks — a team that’s hardly memorable. These Buckeyes don’t want to be in that category. That’s why a national title would mean far more than an undefeated regular season. If they were to flame out in the tournament, the only thing that would be remembered about the 2011 Buckeyes would be their failure to live up to expectations. read more

Jordan Hall a driving force in OSU offense

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After missing the first two games of the season due to a suspension, junior running back Jordan Hall has become Ohio State’s most reliable source of offense for the last two games. In Miami, Hall rushed for 87 yards, which at first glance may not seem like a lot. But in a one-dimensional offense that only accumulated 209 yards, two field goals, and 35 total yards of passing, Hall was the one good thing to come out of the disaster in South Beach. Against Colorado on Saturday Hall put up similar numbers on the ground. He rushed for 84 yards and had a touchdown. “It definitely felt good to be out there the whole game because last week felt like I let my team down because I couldn’t play in the second half,” Hall said. “So it definitely felt good.” Hall’s worth was much more than in head coach Luke Fickell’s pro-style offense. Hall was able to make a huge difference on special teams. “Coach says we want to use special teams as a weapon,” Hall said. Hall was that weapon. In the third quarter, after Colorado had narrowed the margin to 17 after a 47-yard field goal from CU kicker Will Oliver, Hall took the ensuing kick-off 90 yards down the field to give OSU a first-and-goal. Sophomore running back Carlos Hyde punched it into the end zone on the next play for a five-yard touchdown run. After the game, Hall was laughing at himself for his inability to take the kick return to the end zone himself. Hall was caught five yards short. He said he received playful ridicule from his teammates after the return. “They already said what they had to say on the sidelines,” Hall said. “So I ain’t worried about it.” Fickell said Hall gave the Buckeyes much needed lifts in the game against Colorado. “Obviously Jordan (Hall) can do a lot of different things. He can be a weapon back there. People have to be aware where he’s at, kicking the ball to him, whether it’s punts or kickoff returns,” Fickell said. In two weeks, senior running back Daniel “Boom” Herron returns to the field after a five-game suspension for his involvement in the tattoo scandal. Herron along with former quarterback Terrelle Pryor, senior wide receiver DeVier Posey, senior defensive lineman Solomon Thomas and senior offensive lineman Mike Adams received a five-game suspension for their involvement that led to former head coach Jim Tressel’s forced resignation. Coach Fickell has said all along that every player has to earn their starting roles each week, and nothing is assumed. Hall said that when Herron returns, it will just add one more weapon opposing teams have to prepare for. “We’re just going to feed off each other and just make the defense have to… account for all of us,” Hall said. “I think when he gets back, it will definitely spark the offense even more.” To start the season, Hall was suspended for the games against Toledo and Akron for receiving impermissible benefits from a former booster at a Cleveland-area charitable event earlier in the year. The NCAA reinstated his eligibility before the Miami game. It was determined that Hall took $200 from the booster, and was ordered to repay it to a local charity. Hall said that while the running game looked good against Colorado, there is always room for improvement. Between Hall, Hyde, freshman quarterback Braxton Miller, sophomore running back Jaamal Berry and freshman running back Rod Smith, the OSU running attack picked up 226 yards on the ground. “I think you can always get better,” Hall said. “I think we’re just going to have to keep working and practicing and use it on the field on Saturdays.” read more