first_imgMonday 18 October 2010 8:09 pm Show Comments ▼ CITY VIEWS: DOES ALAN JOHNSON HAVE THE RIGHT IDEA ABOUT HOW TO CUT SPENDING? Tags: NULL Share whatsappcenter_img KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times IAN RANKIN | CANOPIUS“I do think the cuts need to be introduced more slowly, as Labour have suggested. I’m worried that the Conservatives will undo the work done on the NHS and schools by cutting too soon.”JITENDRA BAKSHI | XL INSURANCE“I believe the Conservatives are correct in their approach. It’s the same as in people’s own finances – you need to pay off debts as soon as possible. I’m from India, where they are also cutting the deficit.” Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more

Happy Christmas to all our readers

first_img Happy Christmas to all our readers Share whatsapp AS another year draws to a close we at City A.M. have good reason to feel fortunate about the way things turned out in 2010.Firstly, it was a sensational year for news, both financial and political. In the financial sphere, there was the takeover of Cadbury by Kraft, which brought all sorts of calls at the end of it for a reform of the City’s takeover rules.Then there were the deals that did not go ahead, like BHP’s hostile bid for Potash and the Prudential’s bid for AIA.As we showed by the people we included in the CityJet/City A.M. Power Hundred it was the year that the City truly got back to work after the period of the credit crunch .Politically, 2010 has been a truly dramatic year, with the general election ending in a stalemate and ultimately a coalition government.For us, it was a historic occasion since we published our first ever afternoon edition on the day after the election vote, with reporters working through the night here to give readers our insight into the results and what they meant for the City and the financial markets.Also in 2010 we held our first annual awards ceremony, attended by more than 450 people, at which Lord Coe made a truly inspiring speech about London and the run-up to the Olympic Games in 2012. The event attracted a host of high profile figures from the City and was generally considered a success.And most recently we have been extending the distribution of City A.M. so that more of our readers get the chance to see the newspaper at the beginning rather than the end of their journeys.Last, but not least, the newspaper, now in its sixth year, is currently making a profit, thanks to the tremendous support of our advertisers and sponsors. So a big thanks all round, most of all to our readers whom we hope enjoy the best of health over christmas and the New Year. As we head into 2011 much of the early focus of the financial markets will be on the effects of the public sector cuts on the private sector and the economy as a whole. As a newspaper we don’t believe the economy will take a nosedive, all things being equal. But given that all things are rarely equal, any number of events could derail the success of the austerity programme.I’ll be looking with interest at the direction the Labour party takes. The present government does not think it needs a Plan B in case its measures fail to grow the economy but it is crucial for Labour that it gets in place an economic Plan that provides the public with an alternative to current policy. Otherwise opponents – and there are many, of course – have nowhere to head but to demonstrations and protest marches (of which there will be plenty).Observing the paucity of ideas from the opposition now on the economy, it seems hard to believe that for a large part of the party’s 13 years in power it rubbed along with the business community rather well and that for much of that period the UK was a good place to do business in.Today Ed Miliband’s party looks sidelined, content to watch on as the Lib Dems and Tories fight amongst themselves but as yet offering very little of their own. It’s time to do something about it. If the economy takes a wrong turn now, we could be heading for an election sooner than we [email protected] Tags: NULL center_img KCS-content Wednesday 22 December 2010 8:53 pm whatsapp Show Comments ▼last_img read more

PointsBet partners Evolution for US live casino launch

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games 13th August 2020 | By contenteditor Tags: Online Gambling Online gambling operator PointsBet has selected Evolution Gaming to provide live dealer games as it builds out its online casino offering. Online gambling operator PointsBet has selected Evolution Gaming to provide live dealer games as it builds out its online casino offering.Under the deal, PointsBet will launch Evolution’s classic table games, online poker variants and branded content based on gameshow as part of its New Jersey-facing online casino offering.Earlier this month, PointsBet announced it was to enter New Jersey’s igaming market via a ‘primary skin’ agreement with Twin River Worldwide Holdings. PointsBet plans to launch an online gambling and casino platform in the state.PointsBet is also operational in the states of Indiana and Iowa, both of which are restricted to retail and online sports betting.Read the full story on iGB North America. Subscribe to the iGaming newsletter Topics: Casino & games Tech & innovation PointsBet partners Evolution for US live casino launch Regions: US Email Addresslast_img read more

House IV / Staudt Arquitectura

first_imgArchitects: Staudt Arquitectura Area Area of this architecture project “COPY” Houses CopyHouses, House Interiors•Coyhaique, Chile “COPY” Photographs Save this picture!© Justin Mullet+ 42Curated by Clara Ott Share House IV / Staudt ArquitecturaSave this projectSaveHouse IV / Staudt Arquitectura Chile ArchDaily Lead Architect: ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Area:  200 m² Year Completion year of this architecture project Year:  Photographs:  Justin Mullet Manufacturers Brands with products used in this architecture project ShareFacebookTwitterPinterestWhatsappMailOr Clipboard 2020 Projects CopyAbout this officeStaudt ArquitecturaOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesInterior DesignResidential InteriorsHouse InteriorsCoyhaiqueOn FacebookChilePublished on December 01, 2020Cite: “House IV / Staudt Arquitectura” [Casa Haus IV / Staudt Arquitectura] 01 Dec 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – LogisVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StonePartitionsSkyfoldWhere to Increase Flexibility in SchoolsTiles / Mosaic / GresiteCupa PizarrasVentilated Facade – CUPACLAD UprightGlassLAMILUXGlass Roof PR60ConcreteKrytonCrystalline Waterproofing – KIMSkylightsVELUX CommercialAtrium Longlight Skylights in ExperimentariumMetal PanelsLorin IndustriesAnodized Aluminum – Copper FinishesStonesFranken-SchotterWall Covering & CladdingWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusSwingsStudio StirlingHanging Chair – BasketWallcovering / CladdingArrigoni WoodsWood Cladding – AcousticMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Design Team:Martina Staudt, José SilvaClients:Constructora Haus Ltda.Collaborators:Constructora Byler, Led 1, Trusstek Inc,City:CoyhaiqueCountry:ChileMore SpecsLess SpecsSave this picture!© Justin MulletRecommended ProductsWindowsKalwall®Facades – Window ReplacementsWindowsFAKRORoof Windows – FPP-V preSelect MAXDoorsJansenDoors – Folding and SlidingDoorsLinvisibileLinvisibile Curved Hinged Door | AlbaText description provided by the architects. In this case, the proposal was that of a volume with austere geometry, simple lines and symmetrical proportions. A red-clad silhouette that bursts into the surrounding landscape and imposes itself with the warmth of its native woods illuminated by the setting sun. Outside, the structure is weather-proofed with a low-maintenance metal envelope, while the entrances are clad in lenga shingles, overlapped in the local style. On one end, a solitary floating bench invites us to watch the sunset while, on the opposite end, protected from the wind, a grill is no stranger to the local traditions of gathering around the fire and the barbecue.Save this picture!© Justin MulletSave this picture!Ground floor planSave this picture!© Justin MulletInside, the architecture speaks of a concentric family home, where all the spaces face a central void with large windows and deep northern exposure. A great heart of air and natural light that is distributed over a polished concrete floor. In this spacious interior, the kitchen becomes the protagonist as it is separated by two large glass and steel sliding doors, allowing a dynamic transformation of the space based on family activities, quickly moving from an intimate country kitchen (with its breakfast table) to a large meeting room during any social celebration. The delicate work that forged these doors continues in the staircase with a slender railing that becomes an interior balcony on the entire second floor.Save this picture!© Justin MulletSave this picture!Section BBSave this picture!© Justin MulletThe effort put into building this project during 2020, a year in which the world lived closed in, sensitized the hands of those who built it, providing care and dedication in all the details that make a house a home. We faced the reality of having to work from where we live, and thus were born corners with desks, some even under skylights that invite the blue of the sky to participate in the decisions of those who inhabit it. The 6” projected cellulose thermal envelope, in conjunction with high-quality windows, leads to maximum infiltration control. This watertight volume, with its wooden structure and great north exposure, ensures the thermal gain necessary to minimize the consumption associated with maintaining annual thermal comfort. This house proposes a way of facing the organic relationship between family, friends and work, under a common roof, in Patagonia.Save this picture!© Justin MulletSave this picture!AxoSave this picture!© Justin MulletProject gallerySee allShow lessTwin Apartments / Estúdio LavaSelected ProjectsOffice Premises for Czech Promotion / Kurz architectsSelected Projects Share Pedro Staudt House IV / Staudt Arquitectura Manufacturers: AutoDesk, Sierra Pacific Windows, ASC Building Products, MK, Trimble Navigation, Veluxlast_img read more

Charity Commission seeks new Chair

first_img Advertisement Melanie May | 4 August 2017 | News Tagged with: Charity Commission Charity People About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via The Secretary of State for Digital, Culture, Media and Sport has launched the search for a new Chair for the Charity Commission of England & Wales.Applications opened on 2nd August, and interested parties have until 3pm on 22nd September to apply with interviews expected to be held in October/November this year. The successful candidate will take over from current Chair of the Charity Commission for England & Wales, William Shawcross, who has held the post since 2012.The role is for up to three years, and for two and half days a week with a salary of £62,500. The majority of the work will be based at the Charity Commission’s London office.Among the criteria for entry, applicants must show a commitment to regulation, and an understanding of and interest in the charity sector, including an awareness of its challenges. They must also be ‘an accessible and engaging ambassador for the organisation, and have the ability to influence high level stakeholders within government and Parliament, the media, the charity sector and the business world’.Further information on the criteria for entry, the Chair’s role, and how to enter are available on the Centre for Public Appointments site.  123 total views,  1 views todaycenter_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis6 Charity Commission seeks new Chair  124 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis6last_img read more

LUH Health care workers fully committed to strike action

first_imgHealth care workers at Letterkenny University Hospital say they remain resolute in the dispute with the HSE over pay increases which they claim they are entitled to.Hundreds of SIPTU members at the hospital are on strike today with no progress on moves to break the deadlock between SIPTU and health service management side over pay.There is significant disruption at the hospital as a result of the action with three further strike days scheduled for next week.SIPTU rep Liam McElhinney says they are determined to get what they are owed:Audio Player Up/Down Arrow keys to increase or decrease volume. LUH Health care workers fully committed to strike action DL Debate – 24/05/21 Harps come back to win in Waterford Facebook Facebook Twitter News, Sport and Obituaries on Monday May 24th WhatsApp RELATED ARTICLESMORE FROM AUTHOR Pinterest AudioHomepage BannerNewscenter_img FT Report: Derry City 2 St Pats 2 Derry draw with Pats: Higgins & Thomson Reaction Google+ Pinterest Google+ By admin – June 26, 2019 WhatsApp Twitter Previous articleJamie Brennan is the GAA’s Player of the WeekNext articleNo change to Kildare v Tyrone start time admin Important message for people attending LUH’s INR cliniclast_img read more

Harvey Weinstein’s long-anticipated criminal trial begins Monday in NYC

first_imgABC News(NEW YORK) — Harvey Weinstein’s rape and sexual assault trial, which begins Monday in New York City, has already seen more backstage drama, intrigue, infighting and cast changes than the Hollywood legal thriller that it could very well become one day.It’s been more than two years since bombshell reports from the New York Times and The New Yorker magazine triggered an avalanche of sex assault accusations against the once-indomitable Hollywood producer that reduced him to a pariah and turned the #MeToo hashtag into a movement that forced a reckoning among powerful men across a spectrum of American industries.Following multiple indictments, a changing series of criminal charges and complaining witnesses, three sets of defense attorneys, a lead detective thrown off the case, and midstream changes to the prosecution’s team, the all-important jury selection process begins this week.A total of six women are expected to testify at trial that Weinstein sexually assaulted them, but he is only charged with attacking two. Three more are expected to serve as “prior bad acts” witnesses — and another will testify in support of the state’s claim that Weinstein is a sexual predator. He is facing five felony charges, and if convicted on all counts he could go to prison for life.‘Insufficient’Weinstein heads to trial nearly five years after detectives from the Special Victims’ Division of the New York Police Department (NYPD) first began investigating him.In spring 2015, Italian model Ambra Battilana Gutierrez reported to NYPD detectives that Weinstein had groped her breasts during a business meeting at his office in Manhattan earlier that day. It was the first known public allegation against Weinstein.Investigators convinced her to accept an invitation to return to meet Weinstein for a dinner meeting the following night at the Tribeca Grand Hotel wearing a wire. Despite Gutierrez allegedly capturing Weinstein on undercover audio recording appearing to admit to the alleged assault, prosecutors from Manhattan District Attorney Cyrus Vance’s office declined to charge Weinstein — blaming police investigators for failing to get prior approval for the undercover wire, and asserting that the subsequent audio was “insufficient to prove a crime under New York law.”Then, in early October 2017, reports in the New York Times and the New Yorker threw a spotlight on Weinstein by documenting his longstanding use of non-disclosure agreements and aggressive, behind-the-scenes public relation campaigns to keep his alleged predatory behavior under wraps for decades.Within days of the initial, Oct. 5 New York Times report, Weinstein was fired by his own company and described publicly by his brother and business partner Bob Weinstein as a “very sick man.”Before the month was out, his wife would leave him, A-listers who starred in his films would publicly rebuke him and accuse him of assault and misconduct, and more than three dozen women would step forward to accuse him of some form of sexual assault as well.Before the year was out, more than 80 women would come forward to detail a spectrum of alleged sexual aggression by Weinstein, ranging from sexual harassment to forcible rape, and he would face a federal lawsuit from six women which alleged that his attempts to conceal and cover up accusations of sexual assault were tantamount to racketeering.Weinstein ultimately reached a tentative global settlement in a number of civil cases last month for $47 million, a source briefed on the deal confirmed to ABC News. After attorneys’ fees, roughly $31 million will be split among more than 30 of his accusers. According to the source, Weinstein’s insurance company will pay out the settlement money, and the producer will not be required to admit any wrongdoing.Weinstein has pleaded not guilty to all charges against him and denied ever engaging in non-consensual sex with anyone.Uphill battle for WeinsteinWeinstein stands charged with raping one woman in a Manhattan hotel room in 2013 and performing a forcible sex act on a different woman, who has since identified herself as former Weinstein production assistant Mimi Haleyi, in 2006.In addition to the testimony of those two women, three more women are expected to testify to similar alleged sexual assaults by Weinstein for which he has not been charged, as prosecutors seek to show a pattern of predatory behavior.At a closed hearing earlier this year, Manhattan Supreme Court Judge James Burke allowed the introduction of three “prior bad acts” witnesses – women who claim Weinstein sexually assaulted them but whose accusations fall outside the statute of limitations for prosecution, according to court documents that reference the decision.The use of such witnesses has proven significant in previous high-profile criminal trials, especially Bill Cosby’s trial last year on charges that he drugged and sexually assaulted Temple University basketball coach Andrea Constand.Legal experts said the decision on whether or not to allow prior bad acts witnesses to testify in a sex assault trial can be fraught with peril. The judge ultimately must weigh the value to the jury of hearing additional evidence from other accusers with very similar accounts of being assaulted, versus the potential prejudicial cumulative effect such witnesses could have on the defendant.A sixth woman, “Sopranos” actress Annabella Sciorra, is expected to testify that Weinstein raped her in her Manhattan apartment in the winter of 1993-94. Predatory sexual assault requires that prosecutors prove to a jury that Weinstein seriously sexually assaulted at least two women.Even if he is acquitted at trial in New York, the 67-year-old producer remains under investigation for sexual assault in Los Angeles and London. Last month, just before Christmas, a spokesperson for the Los Angeles District Attorney’s office said that prosecutors there are reviewing eight allegations against the embattled movie producer for sexual assault, according to Variety, which first reported the D.A.’s statement. A subsequent report in the Los Angeles Times quoted multiple sources saying the Los Angeles County district attorney’s office has escalated its review into Weinstein and is considering filing criminal charges against him this year.Key expert witnessesThe prosecution is expected to call Dr. Barbara Ziv, a forensic psychiatrist with an expertise in the behavior of sexual assault victims and whose testimony kicked off the prosecutors’ case in Bill Cosby’s Pennsylvania sexual assault trial last year.By testifying first, Ziv helped inoculate the accounts of complaining witness Andrea Constand and five “prior bad acts” witnesses in that trial from dogged attempts by the defense to discredit the women.Ziv testified that “the vast majority of victims of sexual assault do not report to authorities,” and that sexual assault reporting can be delayed “from days to weeks to months to years.”She testified to how common counterintuitive behavior is in victims of sexual violence, and how they rarely act the way you would think they would.“Most people don’t fight back, don’t say anything, and don’t, you know, immediately, when it’s over, don’t jump up and leave,” Ziv said. “They are in a state of shock, that’s how they describe it.”Prosecutors facing challenges, tooZiv will face a formidable foe in Elizabeth Loftus, a veteran expert witness for the defense on the malleability of human memory, who has testified for decades in dozens of high-stakes criminal trials. Loftus’ testimony in the 1980s about recovered memories helped acquit a California couple who had been charged with sexual abuse of nine children at their day care center, the McMartin preschool.She has also testified in the criminal trials of O.J. Simpson, Oliver North, and the Los Angeles Police Department (LAPD) officers tried in the Rodney King beating. While allowing Loftus and another memory expert in as defense witnesses in Weinstein’s trial starting next week, Judge Burke also placed restrictions on the topics about which they could testify.Weinstein was initially charged with first and third degree rape in New York for attacking an unidentified woman in 2013. Defense attorneys have submitted evidence to the court that they say indicates that the alleged victim attended a movie screening at Weinstein’s request just hours after he is alleged to have raped her.He was also charged in New York with forcing marketing executive Lucia Evans to perform oral sex on him during a meeting in 2004. That charge was dismissed in the fall of 2018, after prosecutors discovered that a lead NYPD detective on the case, Nicholas DiGaudio, failed to inform the DA’s office of a witness who cast doubt on Evans’ account. Evans’ name was withdrawn as a potential prosecution witness, but not before her attorney accused Manhattan prosecutors of mishandling the case.Five weeks after the initial indictment, prosecutors charged Weinstein with another count of criminal sexual assault, for allegedly forcibly performing oral sex on Haleyi in 2006.The superseding grand jury indictment was also based in part on testimony from Sciorra, who claims that Weinstein raped her in her New York apartment in the winter of 1993-94. Her testimony will be offered in support of two counts of predatory sexual assault — charges which require that prosecutors convince a jury that Weinstein sexually assaulted more than one woman.During the same fall week in 2018 that prosecutors dropped the sixth count against Weinstein relating to Evans’ allegation, Illuzi-Orbon notified Weinstein’s defense team that one of the two remaining primary witnesses against him had been advised by DiGaudio to delete from her phone anything that she didn’t want prosecutors to see.A representative for the NYPD’s detectives union defends DiGuadio in a statement, saying that the woman was concerned about sharing personal information on her phone unrelated to the case with prosecutors. “A woman should not have to surrender confidential intimate information that’s immaterial to the case to defend herself against a sexual predator,” Detectives Endowment Association president Michael Palladino said in the statement, adding that “our detective was neither trying to influence nor compromise the investigation.”DiGuadio was removed from the case. Defense attorneys filed motions seeking to dismiss all the charges, but were unsuccessful. The five counts would stand.Around this time, two members of the four-person prosecution team resigned. Vance’s office reportedly said the resignations were unrelated to the Weinstein case.Now, more than two years after an arrest that sparked a movement and marked a turning point in the American conversation about sexual violence against women, Weinstein will face his accusers in one of the most highly-anticipated criminal trials in recent memory.Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Cranks sets student sarnie challenge

first_imgSandwich brand Cranks has launched a competition in which students will get the chance to see their sandwich recipe on shelves next year.The Great Cranks Student Sandwich Challenge is designed to encourage aspiring marketeers to create the next Cranks sandwich NPD, with students from 10 UK universities invited to take part.The winner will be awarded £500-worth of vouchers and the chance to see their sandwich in 2014.Individuals or teams are invited to submit their designs for the sandwich filling, a breakdown of focus group feedback, market theory behind the flavour combinations and a promotional strategy. A competive pitch process will then see the winning sandwich go into production, said the firm.Cranks said the aim of the competition is to cement the brand as the student’s sandwich brand of choice. It will be instigating a sampling campaign at target universities, encouraging students to try the products and apply to be considered as a Cranks brand ambassador – a remunerated position aimed at establishing Cranks brand awareness, competition awareness and social media engagement with their university.Karen Wilson, marketing manager at parent company All About Food, said: “We are passionate about supporting students who show a real hunger for entering into the market. This campaign will offer students the opportunity to gain a competitive edge with tangible experience to put on their CV.”Cranks sell vegetarian sandwiches, wraps and salads in universities across Britain.last_img read more

Embrace social media to thrive, urges wholesaler

first_imgTakeaway food providers must utilise social media in 2019 to thrive, JJ Foodservice has cautioned.The recommendation followed restaurant website builder Foodit finding a 52% year-on-year increase in the number of visits to restaurant websites driven by social media.This equated to 35,000 visitors and resulted in orders worth £25,000, reported Foodit, which is owned by JJ Foodservice.“It’s not enough to simply be online – the best caterers are using social platforms to promote the uniqueness of their offer and drive loyalty,” added Foodit operations head Richard Bradshaw.“It goes to show just how quickly these platforms are becoming an important part of restaurant and takeaway sales.”The findings came as Foodit launched a free one-on-one Social Media Master Class for existing and new customers. The sessions will be held on-site, over the phone or via Skype.If popular, a wider breakfast workshop, which will be open to non-members too, will run in January to cover issues businesses might have around social media, including negative reviews.Subscribers to British Baker can read our feature on marketing a bakery business, including advice on social media and building a website, here.last_img read more

Peabody, at Taxpayer Expense, Pays Out Millions in Executive Bonuses

first_img FacebookTwitterLinkedInEmailPrint分享Dave Roberts for Vox:Two recent items from the news are likely to add fuel to the Peabody-hating fire.Item 1: Peabody is heading into bankruptcy, workers are getting screwed, and executives are profitingThis week, Peabody signaled that it is likely to file for bankruptcy.It’s not a huge surprise; the company has not been doing well. After a peak share price of $1,079 in 2011 (during the heady market for metallurgical coal), its stock has fallen, and fallen, and fallen, all the way to $2.19 a share.Naturally, Peabody has been laying off lots of workers — more than 20 percent of its global workforce between 2012 and 2015.But that’s not all it’s been doing.You see, Peabody made promises to its US workers. In exchange for doing the dangerous, unhealthy work of mining coal, they would have pensions and health benefits for life.But those obligations are expensive, especially with employees’ propensity to develop black lung. Peabody needed a way to get them off the books.So in 2007, Peabody created a new entity, Patriot Coal. Reporter Alec MacGillis tells the story in the New Republic:[Peabody] transferred to [Patriot] 13 percent of its coal reserves. It also transferred to it about 40 percent of its health care liabilities—the obligations for 8,400 former Peabody employees. A year later, Patriot Coal was loaded up with even more liabilities when it acquired Magnum Coal, an offshoot of the country’s second-largest mining company, Arch Coal. This left Patriot with responsibility for another 2,300 retirees, and, by last year, total liabilities of $1.37 billion.Eventually Patriot Coal was larded up with more than $3 billion in liabilities from Peabody and Arch, representing 22,000 miners, retirees, and spouses.“Oddly, for a 5-year-old company,” labor journalist Mike Elk wrote, “Patriot wound up with nearly three times as many retirees as active employees, more than 90 percent of whom never worked for the company.”Can you guess what happened next?Yup, Patriot Coal filed for bankruptcy in 2012. And it wasted no time asking a bankruptcy judge to let it jettison all those health care liabilities. (The judge said yes, just as she said yes two weeks prior when Patriot asked for permission to pay their executives almost $7 million in “retention bonuses.”)Patriot had no loyalty to these retirees, of course. For the most part, they’d never even worked for Patriot. According to a 2013 story in the Wall Street Journal, “90 percent of retirees listed as Patriot’s obligation today never worked for Patriot, but were once employed by Peabody or Arch.”What about Peabody? Doesn’t it have any loyalty to the workers who gave it so much of their lives? The Wall Street Journal asked:A spokesman for Peabody, the nation’s largest coal company by production, said Peabody has lived up to its obligations. “This is a matter solely between the union and Patriot Coal,” the spokesman said.Damn, that’s cold.(The coal employee pension funds have since sued Peabody and Arch, accusing them of designing Patriot to fail as a way of escaping their obligations.)Ditching its obligations to workers — “restructuring,” in the antiseptic language of corporate law — didn’t save Patriot. It filed for bankruptcy again in 2015. Its efforts to escape its liabilities are ongoing.Dumping liabilities onto Patriot didn’t save Peabody either, which is now on the verge of going under itself. It currently has hundreds of millions in unfunded liabilities, which are likely to be jettisoned in some future deal between a corporate restructuring lawyer and a bankruptcy judge.But have no fear! The Peabody executives who oversaw all those mergers and big bets on metallurgical coal — and the subsequent destruction of virtually all the company’s value — are in no danger. In fact, they’re doing great.This 2015 report from the Institute for Energy Economics and Financial Analysis reveals that the top five Peabody executives pulled down about $27 million in compensation in 2011, when the stock was at its peak.In 2014, after the company’s stockholders had lost $16 billion in value, thousands of workers had been laid off and Peabody was headed for bankruptcy, they pulled down about … $25 million.To atone for his sins, the compensation of Boyce, the CEO, was reduced from $10 million in 2011 to $11 million in 2014.(The, er, disjunct between corporate performance and executive compensation is a familiar tale in US coal these days.)So that’s the first item regarding Peabody’s enduring status as the Worst. Now here’s the second.Item 2: Peabody has been heavily subsidized by federal taxpayersTurns out US taxpayers are helping to pay for all this.According to a new report from Greenpeace, based on Department of Interior data obtained via FOIA, Peabody relies heavily on coal mined from federal land. In fact, the three biggest US coal companies all rely heavily on it.coal corporate welfare(Greenpeace)Here’s the thing about coal on federal land: For decades, the US public has been letting coal companies mine it for dirt cheap, well beneath market rates. Over time that adds up to a lot of foregone revenue.In his 2014 piece on coal leasing, Brad Plumer wrote about a study by Tom Sanzillo of the Institute for Energy Economics and Financial Analysis that “argued that the federal government had foregone as much as $28.9 billion in revenue over the past 30 years by getting below-market value for its coal in these non-competitive auctions.”And that’s to say nothing of the social costs imposed by the coal thus mined. Consider this statistic from a previous Greenpeace report:A ton of publicly owned coal leased during the Obama administration will, on average, cause damages estimated at between $22 and $237, using the federal government’s social cost of carbon estimates — yet the average price per ton for those coal leases was only $1.03.This amounts to the American people subsidizing their own suffering.How your taxes ended up enriching coal executives who are betraying their workers Peabody, at Taxpayer Expense, Pays Out Millions in Executive Bonuseslast_img read more