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first_img View post tag: News by topic HMAS Newcastle Holds Two RAS Operations View post tag: RAS August 21, 2013 View post tag: Newcastle View post tag: Naval HMAS Newcastle has conducted two Replenishment At Sea (RAS) operations in two weeks with one of the world’s biggest combat supply vessels in the Middle East Area of Operations (MEAO).Newcastle received fuel on both occasions from the United States Naval Ship USNS Rainier allowing the Australian warship to continue her counter piracy mission in the MEAO without needing to visit a port to resupply.During the first RAS, Newcastle took on 165,000 litres of marine diesel fuel and 31,000 litres of aviation fuel from Rainier by conducting a RAS-L (liquids) down aft and also simultaneously used a Heavy Jackstay forward.Chief Petty Officer Boatswain Greg Morris said Heavy Jackstays were an efficient method of transferring stores between ships at sea.“The Heavy Jackstay is a method of transferring heavy stores or ammunition from a supply ship to ours, by personnel heaving on lines which are hooked up to both ships,” he said.“It is capable of a higher rate of transfer than vertical (helicopter) replenishment, but requires us to maintain station on the supply ship for a long time.”“We didn’t need stores on this occasion, but we transferred a test weight to meet mutual training targets. We wanted to prove our rig, while Rainier used the evolution to conduct training for her winch drivers.”The second RAS allowed Newcastle to take on another 320,000 litres of marine diesel fuel and 15,000 litres of aviation fuel from the 49,000 tonne American replenishment ship, whose motto is “Legend of Service”.In a role swap, Newcastle’s Executive Officer, Lieutenant Commander Stuart Mayer assumed Command to control the second RAS from the ship’s bridge, while Commanding Officer Commander Paul O’Grady acted as the evolution Safety Officer.The second RAS with Rainier was Newcastle’s eighth since arriving in the MEAO on May 27. She had previously also been replenished by USNS Medgar Evers, USNS Patuxent, French Ship Somme (on three occasions) and the Royal Fleet Auxiliary Fort Victoria.“Replenishment at sea demonstrates the outstanding level of cooperation that exists between coalition vessels operating in this region. Replenishing at sea allows us to stay out here, focused on our maritime security mission,” Commander O’Grady said.“With all this practice, Newcastle’s evolutions teams are highly proficient and doing a fantastic job.”Newcastle is in the Middle East Area of Operations (MEAO) as part of Operation SLIPPER – the Australian Defence Force (ADF) contribution to the international campaign against terrorism, counter smuggling and counter piracy in the Gulf of Aden, and enhancing regional maritime security and engagement.Her deployment is the 55th rotation of an Australian warship to the MEAO since 1990.[mappress]Press Release, August 21, 2013; Image: Australian Navy View post tag: makescenter_img Back to overview,Home naval-today HMAS Newcastle Holds Two RAS Operations View post tag: HMAS View post tag: Navy View post tag: Operations View post tag: two Share this articlelast_img read more

first_imgThe credit union community will be out in force for the annual Credit Union Cherry Blossom Ten-Mile Run Sunday, which raises funds for Children’s Miracle Network Hospitals.CUNA staff will join other credit union volunteers helping the race run without a hitch, and more than 165 members of Congress have signed on to serve as honorary race chairs.More than 15,000 runners are expected to participate in the race. This is the 14th year credit unions have sponsored the event. Credit Union Miracle Day , a collaboration of more than 100 credit unions, partners and credit union service organizations will present a $525,852 donation on race day.Runners will choose between the 10-mile run or a 5K run/walk, and children ages 5 to 12 can participate in a half-mile run. Runners in the 10-mile run will have a chance at the largest-ever purse for the event: $80,500.American runners will run in pursuit of a $25,000 purse, with a $10,000 bonus available to anyone who breaks the men’s or women’s record. Greg Myers set the men’s record in 1983 with a time of 46 minutes, 13 seconds, and Janet Bawcom set the women’s record last year with a time of 52 minutes, 12 seconds. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

first_img 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The largest U.S. banks find out today if they passed one of the Federal Reserve’s annual stress tests. The goal is to be judged strong enough to weather the economic fallout from a major financial crisis like the one in 2008 that led to the tests.How would your own finances hold up under stress? Most of us don’t evaluate them rigorously until we want a mortgage or auto loan or face a crisis. Running a quick personal finance version of the banks’ test now can pay dividends down the line and be a lifesaver when you’re in turmoil.Five ways to see if you could withstand the stress:Calculate your readinessTry the calculator on the site of the financial education nonprofit Mpowered to get a quick idea of where you stand. It asks 20 questions, including whether you pay the minimum on your credit card bill each month, pay more than a third in housing costs, and have more than three months of living expenses saved. It doesn’t require plugging in many numbers or making tricky assumptions. continue reading »last_img read more

first_imgTopics : “The effects of the [COVID-19] pandemic continue to be felt, impacting prices and demand in some of our markets,” Srivastava said in an official statement on Monday.The miner’s coal sales volume rose 3 percent to 21.5 million tons in the first quarter, but higher sales were offset by a 6 percent drop in prices to US$49 per ton, said Srivastava. Prior to the pandemic, Bumi expected coal prices to remain between $51 and $53 per ton.Bumi booked a $35.1 million loss in this year’s first quarter, down from $48.5 million in profit in the same period last year, the company’s latest financial report shows. To alleviate the impacts of the pandemic, Bumi is also looking into metal mining and chemical production. Through subsidiary PT Bumi Resources Minerals (BRMS), the company plans to intensify its gold mining in Palu, Central Sulawesi, and zinc mining in Dairi, North Sumatra, starting next year, according to Srivastava.The firm also plans to become one of the coal suppliers to a multi-billion dollar coal-to-methanol processing plant in East Kalimantan. Methanol is commonly used in biodiesel production.The plant, being developed by affiliated financing firm Bakrie Capital Indonesia (BCI), is estimated to require 6 million tons of coal each year once operational in 2024.“There is strong momentum for this project, which will produce high-value methanol from abundant, low-value coal reserves,” said BCI chief executive officer Adika Nuraga Bakrie, in a joint statement on May 15.Developing downstream mining industries is part of the government’s vision to capitalize on Indonesia’s underground wealth.The government, through the new Mining Law, even plans to guarantee mining permit extensions for coal miners that develop downstream operations.Bumi recorded a 97 percent drop in profit last year, one of the steepest among coal miners publicly listed on the Indonesia Stock Exchange (IDX).The company’s profits this year were also pinched by rising production costs, as the company raised its strip ratio – the volume of waste material removed to obtain a given volume of coal – to produce higher quality coal. Production costs rose 38 percent year-on-year (yoy) to $238.17 million in the first quarter. Raising its strip ratio contrasts with Bumi’s competitors PT Adaro Energy and PT Bukit Asam, Indonesia’s first and second most profitable coal miners last year, which lowered their strip ratios to cut costs.center_img Indonesia’s most productive coal miner PT Bumi Resources has lowered its sales target for 2020 after its profits dipped into the negative in the first quarter this year, amid continued global market pressures.The publicly listed firm aims to sell up to 90 million tons of coal this year, down from an initial target of 93 million tons, the firm’s corporate secretary Dileep Srivastava told The Jakarta Post on Tuesday.The lower sales target follows weakening coal prices and demand, particularly from partially-locked down India, Indonesia’s second largest coal buyer.last_img read more

first_imgThe No. 19 University of Wisconsin men’s hockey team (6-7-1, 1-4-1-1 Big Ten) struggled immensely against the University of Minnesota (5-6-3, 2-3-3-2 Big Ten) this weekend, but they still managed to come out of the series with a shootout victory.The Badgers were defeated 4–1 Friday, and the offense was nowhere to be found. Wisconsin found themselves in a 2–0 deficit until forward Sean Dhooghe added a power-play goal in the second period to bring the Badgers within one goal of the Golden Gophers. However, Minnesota would go on to score another pair of goals in the third period to ice the game.The Badgers scored on one of their three power-play attempts and stopped Minnesota on each of their two power plays. In the crease, Wisconsin goaltender Daniel Lebedeff allowed four goals on 29 shots, all of which came from different goal scorers.While Wisconsin earned just one point this weekend, it was a hard-fought one point, as they showed resiliency and an ability to fight adversity in Saturday’s shootout victory.Men’s Hockey: Inside Caufield’s early experiences as a BadgerThe immense hard work of Wisconsin Hockey’s recruitment has finally paid off. Freshman forward Cole Caufield is climbing the ladder Read…The Badgers got off to a much better start Saturday night than they did in Friday’s contest. Defenseman Ty Emberson struck first for Wisconsin, but the Golden Gophers managed to tie the game with just 0.2 seconds left in the period. Minnesota went on to score a pair of goals in the second period — one being on a power play — which resulted in the Badgers trailing 3–1 entering the final period of play.Wisconsin played with urgency in the third period, as Tarek Baker scored just 18 seconds into the period, and K’Andre Miller added another goal less than six minutes into the period to tie the game at three apiece. After a scoreless rest of the third period and two overtime periods of five-on-five and three-on-three play, Wisconsin forward Max Zimmer was finally able to find the back of the net in the third round of the shootout.Saturday’s affair will officially go down as a 3–3 tie, but Zimmer’s goal was enough to help the Badgers finish their impressive comeback and give them the extra point in the Big Ten Standings.While Wisconsin failed to score on all four of their power-play attempts, seven different Badgers found the scoresheet.Men’s Hockey: Wisconsin splits first series with No. 3 Notre Dame in thrilling fashionThe No. 16 University of Wisconsin men’s hockey team (6-6, 1-3 Big Ten) split a home series this past weekend Read…Jack Berry started in goal for Wisconsin and was stellar, saving 35 of the 38 shots he faced. He outdueled Minnesota goaltender Jack Lafontaine in his performance and earned the shootout victory for the Badgers.Wisconsin Head Coach Tony Granato credited Berry for his tremendous performance.“He hasn’t played a full game in a long time and especially when you get to three-on-three and a shootout, he made a lot of clutch save at different points in the game. Jack was outstanding,” Granato told Regional Radio Sports Network.This type of goaltending and the ability to close the door in late-game situations is exactly what the Badgers need and is what they will strive to continue to improve throughout the season.Wisconsin will face-off against Big Ten rival Michigan at the Kohl Center next weekend. While the Badgers wish that they could have this weekend back, they will have another chance to move up in the Big Ten and national rankings against another non-ranked opponent.Puck drop is scheduled for 7 p.m. Saturday and 4 p.m. Sunday. The games can be viewed on FSW+ on Saturday and BTN on Sunday, and both games can be listened to live on WTSO.last_img read more

first_imgJake McNichol, a spokesman for the state EDA, said that to date, the authority has approved close to $3.2 million grants for 942 businesses through the initial $5 million Small Business Emergency Assistance Grant Program and distributed some $3 million to 892 of those businesses. In addition, it has approved another $1 million and distributed most of that to small businesses in Atlantic County with funding from the Casino Reinvestment Development Authority. The other bill (A-3959) would create a new no-interest loan program to small hospitality businesses impacted by the pandemic. To qualify, a business could have no more than $2 million in annual revenue if open for more than a year, or less than $1 million in annual revenue if open for a shorter time. Loans could be used to cover immediate, unavoidable expenses, with payments deferred for the first nine months after the start date. Story reprinted with permission from NJ Spotlight. Visit NJSpotlight.com for more statewide news updates. In addition to allowing bars and brewers to deliver up to 16-ounce mixed drinks in a sealed container to residents, the Assembly Appropriations Committee voted to create two loan programs for small bars, restaurants and craft alcohol producers, among the numerous businesses that have been struggling through the seven-week shutdown due to the COVID-19 outbreak. Legislators also backexpanding and creatingnew loans for small bars,restaurants, craft alcoholproducers Alcohol takeout, delivery allowed for six months A bill (A-3966) sponsored by Assemblyman John Burzichelli (D-Gloucester), who chairs the committee, seeks to codify the sale of beverages made by the state’s brewers, wineries, cideries, and distilleries and go a bit further. It would permit any business with a retail consumption license or distillery to sell mixed drinks in pint containers and other alcoholic beverages in containers of any size for takeout or delivery, with that permission extended for six months after the end of the current required closure of these businesses. Since Gov. Phil Murphy began shutting down businesses on March 16, including all bars and restaurants except for takeout orders, the state has made exceptions for alcohol. For instance, when he closed virtually all businesses on March 21, Murphy classified liquor stores as an “essential business,” allowing them to remain open. The governor also allowed for takeout and delivery of beer from the dozens of craft breweries around the state. More seriously, the bill would exempt from the state’s alcohol excise tax of $5.50 per gallon any alcohol used by distilleries to make hand sanitizer. Several have switched production to help compensate for the shortage of sanitizer, often donating it to first responders. By Colleen O’Dea – NJ Spotlight “The NJEDA’s perfor- mance, in my opinion, has been very disappointing to date,” said Assemblyman Brian Bergen (R-Morris). “I would just like to see us as a body, as a Legislature, as a committee, to put some pressure on the EDA … to deliver to these small businesses in need in a time of crisis and put the money in their hands and put the money in their hands now and not delay these programs any further.” Webber and other Republican members of the committee also supported two bills that would open additional no-or low-in-terest loan programs for craft brewers and those in the hospitality industry, although they complained that the state Economic Development Authority (EDA), which would provide these loans, has not been moving fast enough to give out money under existing programs. “I think that’s the least we can do for very civic-minded small business owners who are doing their part to try to keep people safe,” said Assemblyman Jay Webber (R-Morris), who voted for the bill. No-or low-interest loans for hospitality business Virtually all of the bills the state Legislature has passed since it stopped meeting in person in the State House due to concerns over the virus were done as emergency measures. Legislative leaders had said they wanted to resume the deliberative process that happens in committees. While Monday’s hearing was quick, there was at least some limited input from the public and lobbyists on a few of the measures and some of the bills, which had been recently introduced, were amended. center_img The article originally appeared in the May 7th – May 13th, 2020 print edition of The Two River Times. Monday marked the first legislative committee hearing ever to take place remotely, via teleconference. The committee considered eight bills dealing with issues related to the pandemic, all of which passed without opposition and only a few hiccups due to the technology. EDA is still analyzing3,500 loan applications ithas received requestingmore than $250 millionfrom the Small BusinessEmergency AssistanceLoan Program and plansto distribute that money assoon as possible. “Due to the nature of the loan program, the review is more complex and will take longer to complete than for the grant program,” McNichol said. “The loan program review requires financial analysis to determine the ability to repay the loan under the program eligibility and terms. We are committed to providing businesses with much needed support while completing a thorough review that upholds our commitments to fiscal responsibility and accountability.” Helping small alcoholproducers One of the two new loan programs the committee approved in A-3965 would expand an existing EDA loan program to small alcoholic beverage producers those with no more than 10 employees for operating expenses during a state of emergency. Currently, vineyards and wineries are eligible but not other small craft brewers or distillers. These loans would carry an interest rate of up to three percentage points above the prime rate. This permission is needed because the state has strict laws about who can sell alcohol and how it is sold. Assemblyman Raj Mukherji (D-Hudson), sponsor of the bill, said it is important to assist restaurants and hotels that have been “devastated” by the pandemic and the current limitations on their operations. A 2018 article by Total Food Service reported that the state had, at the time, more than 27,000 restaurants and 1,130 hotels employing more than 400,000. “If we want our vibrant hospitality industry and its many employees to make it through this crisis, we must give these small businesses the tools they need to weather the pandemic until we can safely come together to once again enjoy all they have to offer,” he said. The measures still need approval by the full Assembly and Senate before being sent to Murphy for his consideration. New Jerseyans who have been missing that signature martini, sangria or other cocktail could soon be able to not only get spirits with their takeout order, but even have drinks delivered under one of three bills an Assembly committee cleared Monday that are aimed at helping the state’s hospitality industry. It was the last bill the committee considered, prompting Burzichelli to joke, “In the motion picture business, the last shot of the day is called the martini shot. This is the martini bill. How appropriate it is that it involves cocktails.” last_img read more

first_imgBy Timothy Schafer, The Nelson Daily The future of Morning Mountain may lie in the hands of the Nelson Cycling Club. The Regional District of Central Kootenay holds tenure on the controlled recreation area on the Crown land that used to be the Morning Mountain (Blewett) Ski Hill — and still owns property at the base of the former ski hill — but may be looking to hand that tenure over to the city’s cycling club. Community Services general manager for the RDCK, Joe Chirico, said the land used for the hill hasn’t been utilized for skiing for many years. As a result, they have been having “issues” with people trespassing on the property and they have been looking to find someone who would actively manage it. That someone could be the Nelson Cycling Club, Chirico said. “The cycling club has expressed an interest in being on the property for recreational purposes,” he said. “Lots of the trails in the Giveout Creek area would finish on the Morning Mountain property.” Over the last few years, the cycling club has held their annual fall mountain bike event — the Fat Tire Festival — on Morning Mountain, as well as extensively used the mountain biking trails above the hill in the Giveout Creek area. “They have shown interest as an active group to mange the property, … so we are looking to formalize an agreement with them,” he said. “It’s in the works but not near completion.” A meeting amongst Area E director Ramona Faust, Area F director Ron Mickel, Chirico and the RDCK’s regional park planner to discuss the options for dispensing and allocating the ski hill funds and signage is the next step in the process. [email protected]last_img read more