Trade Update Tariff Feud with China Escalates Soy Growers Suffer

first_imgAmerica’s soy growers are lined up even more precisely in the crosshairs of President Donald Trump’s contentious tariff confrontation with China.What happened? Trump announced Monday, that $200 billion in additional Chinese goods will be hit with a 10 percent tariff, deepening the likely free fall in prices that producers of soy and soy products are feeling directly in their wallets, and which threaten the stability of their market long-term.What ASA Said:The American Soybean Association (ASA) is disappointed and highly concerned that trade tensions continue to ratchet up rather than deescalate between the two countries and that its repeated requests to the Administration for a non-tariff solution that does not threaten the market stability and livelihoods of soy growers has not been put forward.“Soybean prices are declining as a direct result of this trade feud,” said John Heisdorffer, Iowa soybean grower and president of American Soybean Association (ASA). “Prices are down almost a dollar and a half per bushel since the end of May – and continue to plummet. That represents a loss of more than $6.0 billion on the 2018 soybean crop in less than a month. We have approached the Trump Administration repeatedly and implored them to hear our side of this story.”What happens now? According to the Business Insider, as the latest tariff threats continue to threaten the U.S. economy, the Administration doesn’t expect the trade feud to die down anytime soon.What is ASA doing? Earlier this week, ASA joined a letter urging Congress to step in on U.S. trade policy as tariffs threaten the economy. ASA continues to ask the Administration to work with soybean farmers to find ways to reduce our trade deficit by increasing competitiveness rather than erecting barriers to foreign markets.Take Action: Contact the Administration through the Soy Action Center: https://bit.ly/2MtEq4tTell your Congressional Representatives that tariffs hurt soy growers: https://bit.ly/2LV6NaBSocial Media: ASA will begin using the hashtag #RethinkTheTariffs, and will continue using #TradeNotTariffs where appropriate.last_img read more

2 dangerous dogs stolen from shelter in Chehalis

first_imgCHEHALIS, Wash. (AP) — Two dangerous dogs that were to be euthanized were stolen from the Lewis County Animal Shelter in Chehalis.Officials say someone cut through a fence and pried open kennel doors last week to take a Rottweiler named Max and a pit bull named Whitney.Shelter Director Amy Hanson told KIRO-TV it’s a huge concern.Greg Welsh says the dogs had killed eight of his alpacas. He says, “They’ve already tasted blood and nothing will stop them now.”Lewis County deputies are looking for the dogs. Someone at the owner’s home Monday said he wasn’t there.last_img

C Everett Koop exsurgeon general dies

first_imgC. Everett Koop, who raised the profile of the surgeon general by riveting America’s attention on the then-emerging disease known as AIDS and by railing against smoking, has died in New Hampshire at age 96.An assistant at Koop’s Dartmouth institute, Susan Wills, said he died Monday in Hanover, where he had a home. She didn’t disclose his cause of death.Koop wielded the previously low-profile post of surgeon general as a bully pulpit for seven years during the Ronald Reagan and George H.W. Bush administrations.An evangelical Christian, he shocked his conservative supporters when he endorsed condoms and sex education to stop the spread of AIDS.He carried out a crusade to end smoking in the United States — his goal had been to do so by 2000. A former pipe smoker, he said cigarettes were as addictive as heroin and cocaine.Koop’s impact was great, although the surgeon general has no real authority to set government policy. He described himself as “the health conscience of the country.”“My only influence was through moral suasion,” Koop said just before leaving office in 1989.By then, his Amish-style silver beard and white, braided uniform were instantly recognizable.Out of office, he switched to business suits and bow ties but continued to promote public health causes, from preventing childhood accidents to better training for doctors.last_img read more

Inslee signs bill banning tanning beds for youth

first_imgOLYMPIA — Teens younger than age 18 will be banned from using tanning beds in Washington under a measure signed into law by Gov. Jay Inslee.Inslee signed Senate Bill 6065 Thursday, and it goes into effect in mid-June. Users of tanning equipment would have to show a driver’s license or other form of government-issued identification with a birth date and photograph. Tanning facilities that allow people under age 18 to use a tanning device could be fined up to $250 per violation. The measure allows teenagers to use a tanning bed or related device if they have a doctor’s prescription. California, Illinois, Nevada, Texas, Vermont and Oregon ban the use of tanning beds for all minors under 18, and at least 33 states and the District of Columbia regulate the use of tanning facilities by minors, according to the National Conference of State Legislatures.last_img read more

Coin a reminder of veterans court graduates trials triumphs

first_imgJan “Jay” Couch has spent 47 of his 66 years in and out of jail. Now he carries a coin to remind him that he’s done with all that. Couch graduated from Clark County Veterans Therapeutic Court on Wednesday. He was the first to receive a new honor coin that all graduates will receive to remind them of what they’ve been through, as well as the importance of sticking to the law-abiding and sober habits they built through the court program.Couch, who began drinking alcohol at a young age, took up methamphetamine after he ended a four-year stint in the Navy in 1970. “I was pretty much a hell-raiser all my life. Veterans Court has put the slam dunk on that,” said Couch, a Vancouver resident. District Court Judge Vernon Schreiber presented him with the honor coin designed by Derek Fuller, a U.S. Army sergeant medically evacuated from Iraq in 2008. Fuller recently completed his associate degree at Clark College, and he now attends Washington State University. One side of the coin displays the seals of all five military branches. The other features Southwest Washington icons Mount St. Helens, Fort Vancouver and the Esther Short Park clock tower. Schreiber invited Fuller to attend Wednesday’s ceremony. It was the first time the artist had a chance to hold and inspect the product of his design. “It’s amazing to see months of hard work coming together,” said Fuller, a 32-year-old Vancouver resident.“Thank you, brother,” Couch told him. “It’s a beautiful coin. It will be with me for always.”Clark County is one of seven counties in Washington that offer a therapeutic court for veterans. Before Couch, 25 had graduated from the local program since its inception in 2011.last_img read more

Race for Japan starts in earnest as IR Implementation Bill enacted into

first_img RelatedPosts Osaka Governor planning to start operator recruitment process this year Las Vegas Sands reaches new SG$4 billion loan agreements for Marina Bay Sands expansion The race to win one of three licenses to develop and operate a Japanese integrated resort is about to begin in earnest after the Diet enacted the long-awaited IR Implementation Bill on Friday.Passage of the IR bill comes almost 20 years since the idea of legalizing casinos in Japan was first mooted and 19 months after the IR Promotion Bill, which effectively legalized casino gaming, came into effect in December 2016. As previously reported by Inside Asian Gaming, the IR Implementation Bill was a “done deal” by the middle of last week and on Friday passed through the House of Councillors by a vote of 166 to 72. According to gaming consultancy firm Global Market Advisors, around 20 different companies are set to bid for an IR license, with “the regulatory process to move forward over the next year leading into an RFP process for the three locations that were established as part of the legislation.”It is anticipated that two of the licenses available will be awarded to metropolitan locations such as Osaka, Tokyo and Yokohama with the remaining license reserved for a regional destination.Operators across the globe were quick to applaud the enactment of the IR bill, with MGM Resorts Chairman and CEO Jim Murren commenting, “The process has been very deliberate and transparent. We appreciate the high level of social responsibility reflected throughout the process by creating one of the most comprehensive bills of its kind anywhere in the world.“MGM is proud to have provided academic research and economic analysis as well as facilitating numerous study sessions with experts from around the world. Today’s passage allows us to advance our relationships with key stakeholders and together create a coalition of Japanese business partners who will collectively define a vision for a uniquely Japanese, world-class integrated resort.”Marina Bay Sands CEO and President George Tanasijevich, who is also Las Vegas Sands Managing Director for Global Development, said the IR bill would allow Japan to create offerings to “attract more visitors from overseas, offer many opportunities for the local people and lead to sustainable development of the Japanese economy, culture and society.“Given the opportunity to participate, Las Vegas Sands is confident that we can make a significant contribution together with the Japanese people.”The IR Implementation Bill sets out the terms for Japan’s integrated resorts, including the provision for three locations, casinos to be limited to no more than 3% of an IR’s total floor area and a ¥6,000 entry fee for locals, who will also have visitation capped at three times a week or 10 times a month.In a Friday note, Morgan Stanley analysts predicted that passage of the IR bill could see Macau face competition from Japan for Chinese gamblers.“On the other hand, global gaming companies (and Japanese partners) could see upside to their valuation in anticipation of high ROIC similar to what we have seen in case of Macau, Singapore and Philippines,” they said.It is expected that the first Japanese IRs will open around 2025. Load More Lack of premium mass strategy begs questions of SJM’s Grand Lisboa Palace launch: analystslast_img read more

Sameday visitor surge pushes Macaus March tourist numbers up by 240

first_imgThe number of visitors entering Macau in March grew by 24.0% year-on-year to 3,388,931, bolstered by a 40.8% increase in same day visitations.While the average length of stay of all visitors combined held steady at 1.2 days, the number of same day travelers soared to 1,805,451 – pushing it above overnight visitation which increased just 9.1% to 1,583,480. Load More Macau GGR tumbles 8.6% in August Visitors from Mainland China increased 31.3% year-on-year to 2,384,653, with those travelling under the Individual Visit Scheme (1,062,111) rising by 24.0%. Mainland visitors came primarily from Guangdong Province (898,908) and Hunan Province (120,125).Visitors from the Republic of Korea (76,409), Hong Kong (601,344) and Taiwan (92,414) all showed positive momentum, up by 8.3%, 11.7% and 2.5% respectively year-on-year. Meanwhile, visitors from the cities in the Greater Bay Area grew by 16.6% year-on-year to 1,365,260, with 44.0% of them coming from Hong Kong.For the first three months of 2019, visitor arrivals to Macau grew 21.2% compared with the same period last year to 10,359,758 with overnight visitors (4,735,026) rising 9.3% and same-day visitors (5,624,732) up 33.4%. RelatedPosts Genting Malaysia enjoys improved 2Q19 showing on better luck at Resorts World Genting JW Marriott at Galaxy Macau named venue and Galaxy Entertainment Group named Venue Sponsor for 2019 Asian Gaming Power 50 Black Tie Gala Dinnerlast_img read more

MGM wants Osaka to become a global foodie destination

first_img RelatedPosts Load More Osaka approves Yumeshima site for commercial development in latest IR move MGM’s Chief Diversity and Corporate Responsibility Officer Phyllis James and SVP of Food and Beverage Strategy Ari Kastrati were also in attendance.“Osaka has huge potential and could easily serve as a tourist base,” they commented. “We want to contribute to Osaka’s development. We would like to provide support in education and culture.”Tadashi Senda, Chairman of Osaka Prefectural Federation of Shopping Center Promotion Associations, touched on the inbound strategy regarding food and tourism and expressed his wish that there can be further development with the Osaka Expo and IR development.There are a further two seminars scheduled for 21 and 28 May as MGM continues to make its presence felt in the race for an Osaka IR license. MGM Resorts is planning to hold an annual food roadshow, placing Osaka as “the food capital of the world” should it win a license to operate an IR in the city.As part of its “What’s an IR” expo, which kicked off last week at the Grand Front Osaka in Umeda, four local business leaders participated in a seminar panel on Monday about regional development, which touched upon food, culture and education. Huawei Japan joins Kansai Economic Federation with eye on World Expo 2025 and Osaka IR Japan to conduct nationwide prefectural survey to confirm IR intentionslast_img read more

Russell joins The Cooperative Group

first_imgThe Co-operative Group has appointed Seth Russell group head of reward.Russell has extensive experience in reward and benefits roles, including director of reward at Three UK, global reward manager at BP International, interim head of reward UK and Ireland at Dixons Carphone, and interim head of incentives at Sky.last_img

BAE Systems appoints Taylor

first_imgBAE Systems has appointed Zoe Taylor head of HR, Maritime Naval Ships Type 26 and Offshore Patrol Vessels.Taylor’s previous experience includes group head of HR at Global Energy Group, and head of HR at Macphie of Glenbervie. She has also held senior HR roles at Qatar Airways, CHC Helicopter and Quantel.last_img

Raoul Parekh and Anne Croft What could Brexit mean for share schemes

first_imgMuch of the Brexit debate has centred on whether leaving the EU will allow the UK to reduce the burden of business regulation. But what does this mean for employee share schemes?The mainstream press has been full of arguments about what Brexit might mean for employment law, with a contrast drawn between the freedom for a future UK government to repeal inconvenient EU rules versus a picture of a UK without any workers’ rights to speak of.Unsurprisingly, share schemes have barely got a look in.However, the potential impact of Brexit here is significant. The key change is the possible end of the EU Prospectus Directive for the UK. This would mean that UK organisations cannot rely on the exemption for employee share schemes to offer shares to employees across the EU. Instead, UK organisations would suddenly face the same higher regulatory hurdles as do US organisations trying to issue shares to employees in the EU. Hopefully, a future UK government would prioritise solving this problem post-Brexit, but in the ensuing mass of competing priorities, nothing can be guaranteed.Not all of the possible changes are bad news for benefits professionals; any wholesale repeal of EU employment rights like discrimination, fixed-term worker protection, agency worker rules, et cetera, could make share plan design more straightforward. However, despite the loud noises of the two campaigns, the prospects of this happening are slim.Any post-Brexit arrangements with the EU are likely to oblige the UK to comply with all or most EU employment law (as, for example, Norway and Switzerland are obliged to). It would be very surprising if the EU gave the UK unfettered access to the common market without imposing these conditions.Further, even if the UK did somehow secure some concessions, it is highly unlikely that any future government would rush to roll back established protections. No mainstream political party will want to campaign on a promise to ‘End Paid Maternity Leave Now’ or ‘Make Discrimination Lawful’.Overall, like all things Brexit, the future picture for share schemes is clouded with uncertainty but, unexpectedly, there is a real prospect of more, rather than less, regulatory difficulty if the out campaign succeeds.Anne Croft is a consultant and Raoul Parekh is an associate at GQ Employment Lawlast_img read more

What is the lie of the land for workplace pension schemes

first_imgIn May, the Pensions Policy Institute (PPI) published its report Value for money in defined contribution (DC) workplace pensions. This considered the definition of value for money in this context, as well as how both members and employers can gain value from their schemes.An increased focus on gaining value from workplace pension schemes has largely been driven by the number of developments in this market over the past few years. So, with this in mind, what is the current state of play? And what is next to come?Where are employers with auto-enrolment?We have got three to four million employees left to go but something in the region of 1.6m employers.I think there is a very strong story about 90% of employees staying opted in. There is still no real sign of that dramatically changing. In other words, take up remains high despite lots of people suggesting it will get much worse.What we have seen among small employers this year is quite a significant increase in the number of organisations complying late and therefore getting fined. There have been a lot of £400 spot fines issued by The Pensions Regulator. That is the more worrying aspect, rather than opt outs for employers.What are the challenges ahead?We are expecting half a million employers to set up a pension scheme this year. I do not think there have been half a million schemes in existence until now, which is quite a startling statistic. That is quite a large number of employers per working day this year to set up across the big peaks at the first of each month as the staging dates arise.Beyond that, over the next three years, we have also got the increases in contribution levels for both employees and employers, allied with the introduction of the national living wage. An increase in contributions at exactly the same time as increases in the national living wage are quite big challenges and we should not underestimate the impact on small businesses.I do not think we have seen the true impact yet. When you start to look at contributions going up to 2% or 3% from the organisations, allied with the increase in the national living wage, in time will that mean overall that it will stifle growth for organisations in this continued low-growth environment? It is unclear. And what will they do to mitigate that? Some will certainly look at cutting costs in other places to ensure they comply but that is not a huge surprise. Australia went through that experience 20 years ago and actually agreed with unions how employers would curtail pay rises in order to fund pensions. The only big difference here is that we are in a sustained low-growth environment.What have we learned so far?One of the key things is that the nudge of putting people into a pension has proved to be a really successful one. Some people say that opt-out rates among young people are lower than expected. The reality is that young people are more inclined to stay in than people that are closer to retirement.One way or another the nudge is working. It is about getting people to do the right thing without having to engage with it. The interesting thing then is how we might consider applying similar nudges in other aspects of financial planning. Should we be nudging people into taking out life insurance at the point they get married or have their first child, for example?Coming back to auto-enrolment, we have talked extensively about charges and will continue to do so, but in a charge-capped world, we need to turn full attention to other things that actually make a bigger difference.Investment return is a really good example. Charges might differ in schemes by a quarter of a percent or something to that order, whereas investment returns for the first three years of default funds under auto-enrolment have differed by several percentage points. The best-performing default funds have returned towards 9-10% per annum, while the lowest-performing funds have returned more like 3%. So that variation is much greater than any we have in charges under the charge cap. That is an interesting one. There is much more variability in investment returns than charges.What can we expect next from government?It always had a planned review in 2017 which would review auto-enrolment in its entirety but would also focus on things like: have we got the right earnings trigger and the right earnings definition, is the charge cap suitably inclusive, is it set at the right level, are there other aspects of governance we should consider? Obviously there are aspects of how the National Employment Savings Trust (Nest) is performing and its function.What really matters to employees?The PPI report points to contribution rates being one of the determinants of outcomes at retirement, so things like matching contribution rates or auto-escalation really matter to employees, even if they do not recognise it at the very outset. Investment returns are undoubtedly a big factor.The support [people] get in making decisions at retirement is another thing. Put simply, somebody could save at the maximum rate throughout their working life, get the best investment returns with the lowest charges in a fantastic scheme, but then hand all of the money to someone who invests it poorly at retirement and loses it. In other words, they could fall foul to a scam or a very high risk investment scheme, which would render everything they have done before that pointless.So, decisions at retirement have to be considered hugely important in the equation of member outcomes and what value they are getting.Jamie Jenkins is head of pensions strategy at Standard Lifelast_img read more

Rees takes on reward at Marks and Spencer

first_imgJoanne Rees has joined retail organisation Marks and Spencer as head of reward.The position is a jobshare, with Rees fulfilling the role alongside Melanie Ramsay. Rees has held numerous reward positions over the course of her career, including reward manager and project manager at EC Harris, and reward manager at Arcadia Group. She has also worked as a management consultant for both PA Consulting Group and KPMG.last_img

Horse rescued from deep ditch in SW MiamiDade

first_img“We’ve got some special equipment on the trucks and the trailers that are behind me, which we can use to shimmy a strap or two underneath the horse,” said Miami-Dade Fire Rescue Capt. Jack Swerdloff, “and then we need a high angle so that we can gently lift the horse out and do that without harm.”Crews used ropes and a strong sling, the tactical team was able to raise the horse up onto land, at around 10:45 a.m.MDFR provided a video of the rescue, showing just how stuck Castigo was.The horse, officials said, was blindfolded so he wouldn’t be frightened. The horse was not injured.“On a call like this, it’s nice, because our veterinarian is on call, and he actually arrived before any of the operations units did,” said one of the MDFR members on the scene, “so he was able to assess the scene, and then the first crews started to arrive, so they could assist him with that.”Once on land, the horse was greeted by its owner and escorted back home.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. SOUTHWEST MIAMI-DADE, FLA. (WSVN) – Miami-Dade Fire Rescue rescued a horse that slipped into a deep ditch, off a road, in Southwest Miami-Dade.According to rescuers, a man was riding the 15-year-old horse, named Castigo, Tuesday morning, along Southwest 168th Street and 199th Avenue.Suddenly, a car drove by at a high speed, spooking the horse, causing it to jump to the side and consequently fall into a deep ditch, which was hidden underneath weeds and vegetation.The ditch was so deep, you could barely see the horse’s head from above.The man riding Castigo was not injured and was able to climb off the horse and onto land. “Everything’s good, everything’s good,” said horse rider Bienvenido, through a translator.Once the MDFR tactical unit arrived, they blindfolded Castigo in order to calm him down before initiating their rescue.Officials said this isn’t their typical call, but they had the gear to get the horse out. last_img read more

Business catches fire at Miami business center

first_imgMIAMI (WSVN) – A building caught on fire inside a business center in Miami.Smoke could be seen billowing from the building at the Las Flores Commercial Center, along Northwest 20th Street and 26th Avenue.An air conditioning unit on the roof of the building is believed to have sparked the blaze.No one was hurt.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img

Turtle released in celebration of World Turtle Day

first_imgMARATHON, FLA. (WSVN) – A 200 pound turtle was released off the coast of the Florida Keys, Tuesday, after recovering for a month at the Turtle Hospital in Marathon.The turtle, named “Big Don” by his rescuers, was found entangled in a fishing line and suffered wounds to his face and shoulder.During his stay at the Turtle Hospital, Big Don was treated with a variety of antibiotics, vitamins and a diet of squid and fish, according to Bette Zirkelbach, the facility’s manager.World Turtle Day was started in 2000 with the intention to educate people and encourage them to take action and help turtles.Marathon’s Turtle Hospital opened 30 years ago and is the world’s first state-licensed veterinary sea turtle hospital.The facility is equipped with three turtle ambulances for patient transport and has treated, rehabilitated and released over 2,000 injured sea turtles in its history.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

Rare endangered crocodile hatches at Zoo Miami

first_imgSOUTHWEST MIAMI-DADE, FLA. (WSVN) – It was a special kind of delivery day at Zoo Miami, Friday.An endangered crocodile breed hatched from its egg, and it is not your average reptile. Rather, it’s a rare breed from Indonesia and Malaysia that has brown scales.This is the first time in more than 25 years that Zoo Miami staffers have hatched this species of crocodile in captivity.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img

Westbound lanes of SR 836 closed for construction in NW MiamiDade

first_imgNORTHWEST MIAMI-DADE, FLA. (WSVN) – The westbound lanes of State Road 836 will be closed in a section of Northwest Miami-Dade as construction crews work in the area this weekend.The closures along the Dolphin Expressway are scheduled to go into effect Friday from Northwest 27th Avenue to Le Jeune Road, beginning at 11 p.m.The highway will reopen at 10 a.m. Saturday.It will shut down again from 11 p.m. Saturday to 10 a.m. Sunday.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img

Man hospitalized after getting trapped in waste truck dumpster in Miami

first_imgMIAMI (WSVN) – Rescue crews took a man to the hospital after, officials said, he was found trapped inside of a waste truck dumpster in Miami, Saturday.According to officials, the operator of the waste truck heard screams coming from the dumpster during the third stop, near 100 NE 25th Street.Authorities believe the man was picked up somewhere along the route and could have been trapped inside the dumpster for as many as three hours before the workers noticed him.He was transported to Jackson Memorial Hospital with serious injuries to his legs.Officials said the injured man does not work for the trash company.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img

No injuries in Miami Beach apartment fire

first_imgMIAMI BEACH, FLA. (WSVN) – Fire crews contained a fire inside a Miami Beach apartment before anyone was injured.The fire broke out at an apartment building, near 16th Street and Washington Avenue, Monday morning.Officials said everybody in the building was safely evacuated, and the flames were put out quickly.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img