The LNG terminal to be built in the Haiphong port city. (Credit: Mohamed Aly from Pixabay) ExxonMobil has secured approval from Haiphong city authorities in Vietnam for its proposed $5.09bn liquefied natural gas (LNG) power and terminal project.The integrated LNG project will comprise a power plant and an LNG terminal.Expected to begin operations in 2026-27, the LNG-fired power plant will initially have a capacity of 2.25GW. By 2029-30, the power plant’s capacity will be expanded to 4.5GW, reported Reuters, citing a statement issued by Haiphong’s People’s Committee.The LNG terminal to be built in the port city will have a capacity of six million tonnes of LNG per year (Mtpa).ExxonMobil to implement the LNG power project in two phasesIn the first phase, three turbines of 750MW each will be installed for the power plant. The second phase will see the installation of the remaining 2.25GW capacity.ExxonMobil will also develop a floating dock warehouse and a gas pipe in the first phase of the integrated LNG complex, reported Vietnam Investment Review. In the second phase, the US energy company will develop the floating storage units for the project.In June, the Vietnamese government welcomed Exxonmobil’s plans to invest in the country following a phone call between the country’s Prime Minister Nguyen Xuan Phuc and ExxonMobil LNG market development president Irtiza Sayyed.At that time, the government stated that a power plant in Haiphong could use imported LNG coming in from the US or other countries.A new master power development plan is being developed by the Institute of Energy of Vietnam, under which it had prepared a list of 22 LNG power plants to come up in the country, reported Reuters.The LNG-fired power projects will have a combined potential capacity of up to 108.5GW with the first of which to begin power generation by 2023.Last week, the Haiphong committee had also granted its consent to another $1.9bn LNG power project to be built in the city, which is expected to have a capacity of 1.6GW. The integrated LNG project will feature a 4.5GW power plant and an LNG terminal of 6Mtpa capacity
Part-time, Assistant Professor Position. Adjunct pools are opencontinuously and applicants are contacted/hired year round forassignments based on college needs. Additional Salary InformationNo additional salary information to note Work YearN/A AboutThe Los Rios Community College District ( LRCCD ) is the secondlargest, two-year public college district in California, servingapproximately 75,000 students in the greater Sacramento region. Thedistrict’s 2,400 square mile service area includes Sacramento andEl Dorado counties and parts of Yolo, Placer, and Solano countiesand is comprised of four uniquely diverse colleges – AmericanRiver, Cosumnes River, Folsom Lake and Sacramento City colleges. Inaddition to each college’s main campus, the district offerseducational centers in Placerville, Davis, West Sacramento, ElkGrove, Natomas and Rancho Cordova.The Los Rios district office is centrally located in the heart ofthe Sacramento valley. The growing Capital Region has strongcommunities, emergent arts, and dining scenes, and is nearby someof the most celebrated tourist destinations in the country – LakeTahoe, Napa Valley, and San Francisco. The Sacramento area is agreat place to live and work!StrengthsThe district has approximately 4,000 employees throughout our fourcolleges and district office in dozens of different departmentsthat provide welcoming, inclusive, and equitable environments forLos Rios students, employees and community partners. Each districtand college department strives for the highest quality in allprograms, services, and activities, and is focused on improvingeducational outcomes for the students we serve.Our VisionOur colleges offer equity-minded, academically rigorous, studentsuccess centered education. Our objective is to help our studentssuccessfully achieve their academic goals, whether they want totransfer to a four-year college or university, earn an associatedegree, or obtain one of more than 100 certificates in high demandcareer fields.The Los Rios Community College District’s Human ResourcesDepartment is committed to diversity, equity, and to ensuring aninclusive, thriving environment for all of its employees, students,and surrounding communities. To that end, the Human ResourcesDepartment is intentional in recruiting, hiring, and retainingdiverse employees, to reflect the diversity of our colleges’student populations. Department Location Assignment Responsibilities Posting Date12/19/2016 Total Hrs per Week/Day General Responsibilities:The adjunct faculty member shall be responsible for the following:teaching assigned classes under the supervision of the area dean;helping students fulfill their maximum potential in masteringcourse content; assessing student learning outcomes; maintaining athorough and up-to-date knowledge in his/her regular teachingfield; continuing professional development; utilizing currenttechnology in the performance of job duties; maintaining standardsof professional conduct and ethics appropriate to the professionalposition; assisting with articulation and curriculum developmentand review; serving on college committees and participating infaculty governance including accreditation and studentco-curricular activities; assuming other responsibilities asassigned by the area dean; fulfilling other duties andresponsibilities of an adjunct faculty member as outlined in thecollege faculty handbook. The Institution Quicklinkhttps://jobs.losrios.edu/postings/2585 LocationLos Rios Community College District (District Office) Minimum Qualifications Conditions Applicant DocumentsRequired DocumentsUnofficial Transcript 1Optional DocumentsResume/Curriculum VitaeLetter of InterestLetter of Recommendation 1Equivalency Determination Letter (P-38 or Equivalency RequestStatement)P-881 Report of Arrests Which Led To Convictions For CrimeDocumentLetter of Recommendation 2Unofficial Transcript 2Unofficial Transcript 3Foreign Transcript EvaluationUnofficial Transcript 4Unofficial Transcript 5 Work Schedule 1. Have a master’s degree in economics OR Bachelor’s in economicsAND Master’s in business, business administration, businessmanagement, business education, finance, or political science ORthe equivalent* OR hold a California Community College Instructor’sCredential in the discipline area.*2. Have an equity-minded focus, responsiveness, and sensitivity toand understanding of the diverse academic, socioeconomic, cultural,disability, gender identity, sexual orientation, and ethnicbackgrounds of community college students, including those withphysical or learning disabilities as it relates to differences inlearning styles; and successfully foster and support an inclusiveeducational and employment environment.*Note: Applicants applying under the “equivalent” provision mustattach details and explain how their academic preparation is theequivalent of the degrees listed above. Job Posting TitleEconomics Adjunct Assistant Professor Position Summary Physical Demands Beginning and/or Ending Dates Closing Date Application Instructions Posting NumberF00055P Open ContinuouslyYes * Please indicate how you meet the minimum qualifications forthis position. Select the appropriate answer.I possess the minimum qualifications for this discipline aslisted on the job announcement. (Attach unofficial transcripts froman accredited college/university and/or evidence of jobexperience.)I possess a valid California Community College Credential forthis discipline. (Attach a copy of appropriate credential withapplication.)I possess qualifications equivalent to those listed and haveattached evidence. (To review Equivalency Process.)I have previously been granted equivalency to teach thisdiscipline by the Los Rios Community College District. (Attach theEquivalency Determination Form P-38 and transcripts.) Posting Details SalaryPlease See LRCCD Salary Schedules Please visit our Frequently Asked Questions for completeinformation on how to apply online with our District. Applicationservices are available between 8:00 a.m. and 5:00 p.m., Mondaythrough Friday, at the Los Rios Community College District HumanResources Office located at 1919 Spanos Court, Sacramento, CA95825-3981. If you need assistance with any phase of theapplication process, please call (916) 568-3112 or come in duringour business hours. After hours inquiries to be emailed [email protected] How and where to apply All Positions: Offers of employment are contingent upon thesuccessful clearance from a criminal background check, freedom fromtuberculosis, and proof of identity and eligibility to work in theUnited States prior to the first day of work. The District mayselect additional qualified candidates should unexpected vacanciesor needs occur during this recruitment/selection process. Wheneducation is a requirement for the position, official academictranscripts from the accredited college/university must besubmitted within 60 days of hire. Applicants applying to this Los Rios Community College Districtadjunct faculty posting are requested to complete fully andsubmit:1. Los Rios Community College District Faculty Application(required)2. Unofficial transcripts of college/university work * (graduateadvising documents and grade reports will not be accepted asunofficial transcripts). NOTE : Los Rios employees are alsorequired to submit unofficial copies of transcripts.(required)3. Resume or Curriculum Vitae (recommended)4. Two letters of recommendation (recommended)5. Letter of Interest (recommended)*Note: Applications submitted without transcripts will bedisqualified. Also individuals who have completed college oruniversity course work at an institution in a country other thanthe United States must obtain a complete evaluation of foreigntranscripts, degrees and other relevant documents. A foreigntranscript evaluation is required any time foreign course work isused to meet minimum qualifications and/or salary placement even ifthe foreign transcript has been accepted by a college or universityin the United States.Foreign transcript evaluations ONLY accepted from AICE (Associationof International Credential Evaluations, Inc.) or NACES (TheNational Association of Credential Evaluation Services) agencies orevaluators.Foreign Degree Transcript Evaluations click hereDo not submit additional materials that are not requested. Supplemental QuestionsRequired fields are indicated with an asterisk (*). The Los Rios Community College District is seeking a pool ofqualified applicants for possible temporary part-time facultyteaching assignments. These positions are filled on an as neededbasis and are on-going recruitment efforts.Adjunct pools are open continuously and applicants arecontacted/hired year round for assignments based on collegeneeds.Teaching assignments may include day, evening, on-line, hybrid,weekend, and/or off campus classes. * Can you perform the essential functions of this position?YesNo Special Requirements * Criminal History Verification and Release: I acknowledge andagree that I understand that by answering the question below, Icertify that the information provided by me is true, correct andcomplete to the best of my knowledge and belief. I authorizeinvestigation of all statements contained herein, and on the P-881(if applicable and submitted), and I release from liability allpersons and organizations furnishing such information. I understandthat any misstatements, omissions or misrepresentation of facts onthis form, my application, and, if applicable, the P-881 orattachment(s) may be cause for disqualification or dismissal. Ifyou have ever been convicted of an offense other than a minortraffic violation you are required to complete the form ‘ArrestsWhich Led to Convictions for Crime’, P-881 (you must discloseconvictions that have been dismissed pursuant to Penal Code Section1203.4; Ed. Code 87008). Please copy and paste the provided URL forthe form -https://losrios.edu/docs/lrccd/employees/hr/forms/p-881.pdf – andattach the completed form to your application.Yes, I acknowledge and agreeNo, I do not acknowledge or agree * Considering this specific position that you are applying to –where/how did you learn about this position?College DepartmentCareerBuilderChronicle of Higher Ed (Vitea.com)Community College Registry Job Fair: OaklandCommunity College Registry Job Fair: Los AngelesCommunity College Registry Online Job BoardCommunity Outreach (ex. Festivals, etc.)CommunityCollegeJobsComunidadCraigslistDiverse: Issues in Higher EducationD’Primeramano MagazineEdJoinFacebook (Campaign)Facebook (Los Rios Page)GlassdoorGreater Sacramento Urban LeagueHandshake (CSU, UC Job Boards)HigheredJobsIndeedInstagramJob SitesJob JournalLatina Leadership Network of the California CommunityCollegesLinkedInLos Rios Community College District EmployeeLos Rios Community College District Human Resources EmailLos Rios Community College District WebsiteLRCCD Resource Group – API (Asian Pacific Islander Legacy)LRCCD Resource Group – Black Faculty & Staff Association(BFSA)LRCCD Resource Group Native American Collaborative (NAC)LRCCD Resource Group – Spectrum (LGBTQIA+)Professional NetworksSacramento Black Chamber of CommerceSacramento Asian Chamber of CommerceSacramento Builders ExchangeSacramento Hispanic Chamber of CommerceSacramento Rainbow Chamber of CommerceSacramentoWorksThe HUBTwitterYouTubeZipRecruiter
Description*This recruitment is to establish an applicant pool for futurevacancies. Individuals will be contacted as vacanciesoccur.*Olympic College is recruiting for adjunct faculty to teach SpanishLanguage courses on a continuous basis throughout the year.Part-Time faculty teach one to two classes in a quarter asenrollment in classes demands.Olympic College seeks applicants who are dedicated tostudent-centered learning, closing achievement gaps, supportdiversity, and social justice learning opportunities, and whoemploy data-informed decision making in their instruction.Click the “How to Apply” button for more information.
There is no clear picture as yet on the volume of sultanas and the size of the developing crop.What is certain is there are national elections in Turkey in July and agriculture makes up a huge proportion of Turkish industry. Therefore, the government will further pledge its support to the market where possible. However, it is unclear how the currency will be affected by the elections. Any lira strength also invariably increases local pricing. Recent rains across the growing region in Western Turkey have both helped and hindered.The view from Turkey on raisins is that production will be further deliberately reduced – assuming the weather holds. This may well lead to a widening premium into 2008 for raisins compared to sultanas.For apricots, the weather has greatly improved since the April frosts in Turkey. There is now every chance for the undamaged crop to flourish as best it can. Demand for apricots is extremely fickle so any further increase in prices will directly impact on industry demand.Prune prices remain firm and are set to rise until the US and French crops are harvested from August to September.Both the US and French new crops look to be developing well. We expect a better supply and pricing scenario in the last quarter of 2007, but expect stronger prices before this time.RM Curtis’ trading director Mark
Matthew Verity, business unit director, chilled and bakery at Kantar Worldpanel UK, addressed the recent British Society of Baking (BSB) Autumn Conference.“The only way you will grow your market is to open a new eating occasion,” said Verity, referring to the popularity of recent bakery innovations including thins and giant crumpets.He referenced the fact that bakery as a category is in decline, but added there were ways and means to remain profitable and grow market share.Are you making the most of market trends? A selection of his insights and statistics are below:…Powered by Cincopa Video Portal for Business solution.BB market trendsMatthew Verity, business unit director, chilled and bakery at Kantar Worldpanel UK, addressed the recent British Society of Baking (BSB) Autumn Conference.originaldate 1/1/0001 6:00:00 AMwidth 1192height 894originaldate 1/1/0001 6:00:00 AMwidth 1197height 892originaldate 1/1/0001 6:00:00 AMwidth 1194height 891originaldate 1/1/0001 6:00:00 AMwidth 1190height 890originaldate 1/1/0001 6:00:00 AMwidth 1191height 891originaldate 1/1/0001 6:00:00 AMwidth 1192height 892originaldate 1/1/0001 6:00:00 AMwidth 1193height 892originaldate 1/1/0001 6:00:00 AMwidth 1196height 897
For me, the takeaway was clear: In terms of immersion, convenience, skill-building and sheer downhill fun-factor, park riding is hard to beat. But parks streamline the process: A day pass brings all the gravity-fueled bliss my legs can stand. This small family-owned ski resort delivers an unexpected punch with its compact but powerhouse bike park. Situated around 35 miles northwest of Harrisonburg in the Alleghany Mountains, the park’s seven trails—which can be combined to form routes more than 2 miles long—are the result of a partnership between Trek and Gravity Logic. They are serviced by a quad lift and offer 500 feet of vertical drop. Trails were custom-designed to promote skill-building and progression. They are punctuated by an array of fantastic wooden bridges and features, tabletops, gaps, drops, and berms. If you’re looking for more smooth-riding flow than rooty, rocky, and technical, this is your jam. Day passes from $38. Pass with bike rental from $95. This northern Pa. ski resort has been recognized by mountain biking website MTB Parks as one of the East Coast’s top-five resort bike parks for four of the past five years. Despite a diminutive summit height of 1,540 feet, Blue Mountain compensates for its lack of elevation with 25 top-notch trails that drop 1,100 vertical feet and make the most of the mountain. Beginner-friendly green runs segue progressive-style into steep, twisty, and rocky intermediate and advanced routes like Formula, Jambalaya, Moto, Miles of Smiles, and OCS that showcase the natural terrain. In addition to dual slalom runs and tons of wooden features, Ewok Village and the newly added El Camino bring jumps, berms and drops. Tip: The resort offers cheap campsites close to the lift. Day passes, $40. Bike rentals from $99. Bike trips with my 13-year-old son had atrophied to an average of zero per month. Desperate for a solution, I turned to Bryce. bryceresort.com Bryce Resort, Va. Blue Mountain, Pa. skibluemt.com By the end of the day he’d put in at least 25 miles of (comparatively) hardcore gravity riding. Better still, he said he couldn’t wait to come back and “work on getting better.” snowshoemtn.com With thousands of miles of killer MTB trails crisscrossing the mountains of the Southeast and Mid-Atlantic, paying $35-plus to shred in a resort bike park can be perplexing for old school riders and neophytes alike. I was formerly of this camp. But a trip to Virginia’s Bryce Resort last year led to a conversion: I now consider myself an Apostle of Park Riding. How did it happen? Bryce Bike Park’s summer race series welcomes riders of all ages and skill levels the second Saturday of each month throughout the season. / photo by Andrew DeVier-Scott “It’ll be just like snowboarding,” I promised, confronted by his reluctance and suspicion. “We’ll take the lift up the mountain to the trailhead, drop in, ride a professionally manicured route with giant bank curves and more than 50 jumps to the bottom, then hit repeat.” Snowshoe Resort, W.Va. The Beast of the East boasts more than 100 miles of world-class biking trails and will host the 2019 UCI Mountain Biking World Championships this September. The park offers a whopping 1,500 vertical feet of descent. Its 40 routes were designed by trail-building titan Gravity Logic and cater to everyone from first time riders to U.S. national downhill champions like Neko Mulally. High-speed quad lifts bring swift rides to trailheads. Try the smooth and flowy Skyline, which is 2.9 miles long and features massive berms and more than 50 jumps. Take note: Snowshoe is located in a very rural area, so those traveling from any distance will likely want to stay. Plenty of lodging is available atop the mountain or at the nearby Cass Scenic Railroad State Park. Day passes, $45. Bike rentals from $40. Lift-assisted MTB parks bring convenient, immersive thrills for riders of all ability levels. Here are five of the region’s best. Following the Bryce visit I looked for more great regional rides. What follows are five of the best the Blue Ridge and surrounding mountain ranges have to offer. beechmountainresort.com He remained dubious going into the first run. Then came a chute into a give-or-take 10-foot-high berm, followed by a tabletop that sent his Specialized gliding about two feet through the air and into a butter-smooth downhill landing. The raw joy of what could only have been an inadvertent “Yee-ha!” made my heart sing. The bottom found him pedaling hard to the lift. Trails range in difficulty from beginner to pro-level hard, tend to be crafted by world-class professionals, and appear almost neurotically well-maintained. Amenities are close at hand. Jumps and nifty wooden features abound. Trails begin atop high peaks and typically deliver 1-2 miles of pedal-free riding. While a cross-country day at my go-to spot—i.e. Massanutten’s Western Slope—usually brings about 18-20 miles of riding, I spend 70 percent of my time pedaling up hills. Billed as the highest lift-assisted bike park east of the Mississippi, this northwestern N.C. ride center brings 5,500-foot summits and some of the best downhill runs in the Southeast. Accordingly, it hosted USA Cycling National Championships in 2011 and 2012. Ten trails of varying ability levels wind through forests alongside the resort’s ski slopes—the longest of which is about 1.5 miles. Routes offer everything from ultra-advanced technical sections with loads of rocks, drops and multiple lines, to a terrain park and buttery beginner course. Cross-country and enduro fans will enjoy the adjacent Emerald Outback area. Hosting collegiate national mountain biking championships in 2013 and 2014, Beech is home to a 7-mile loop of exquisite single- and double-track. Day passes from $38. Bike rentals from $135. Windrock Bike Park, Tenn. Beech Mountain Resort, N.C. The only park on the list that doesn’t have a lift gets the nod for being one of the most interesting new operations on the East Coast. Co-owned by Neko Mulally, Windrock was purpose-built for enthusiasts by enthusiasts—and subsequently brings 16 of the rawest and gnarliest cross-country and downhill trails in the region. Made infamous by opening with difficulty levels that started at advanced and continued to extreme, the 550-acre park now offers two flowy, machine-built beginner routes, with another three for intermediates. Vertical drop clocks in at an impressive 2,150 feet from a 3,200-foot summit. Weekend van shuttles carry riders to mountaintop trailheads. Camping is available onsite. Weekend passes with unlimited shuttle: $35. Bike rentals: $130. windrockbikepark.com More Biking in the Blue Ridge from our September Bike Issue Here
Two weeks ago Mueller indicted 13 Russian nationals on charges of conspiracy to defraud the United States.As extensive and startling as the indictment was, it said nothing about other known incidents involving Russians and the Trump campaign, including the strategic leaking of emails hacked from the Democratic National Committee and Hillary Clinton’s campaign manager and the various reported contacts between Russians and members of the Trump campaign.Now reports suggest Mueller may be focused on a different potential conspiracy, this one involving Russian actors and Trump campaign officials or the president himself. NBC News reported Thursday that Mueller’s investigators have been asking witnesses what Trump knew about the stolen emails.These “what did the president know and when did he know it” questions zero in on the key issues in proving any conspiracy: knowledge and intent. We may not have heard Mueller’s last word when it comes to conspiracies to interfere with the election.If the president or other members of his campaign knew about the hacking or other Russian interference and actively worked with the Russians to help those activities succeed, they could find themselves caught up in conspiracy charges of their own.On the obstruction of justice front, The Washington Post reported Wednesday that Mueller has been asking witnesses about the president’s apparent attempts to pressure Attorney General Jeff Sessions into resigning last summer.Those efforts came shortly after Trump had fired FBI director James Comey and reportedly had come close to firing Mueller himself. They could suggest sources of Russian leverage against the president or be relevant to any possible quid pro quo involving assistance with the election or other benefits provided to Trump in return for favorable actions toward Russia.And probing those connections could lead to evidence of other crimes such as money laundering, as Manafort has discovered.Mueller remains unlikely to indict the president, but any findings that Trump was involved in criminal activity could lead to calls for impeachment.And the constraints around indicting a sitting president do not apply to those closest to him, including members of his family who were deeply involved in his campaign.Last week brought the clearest signs yet that Mueller’s net is tightening around the White House – and maybe the president himself.Randall D. Eiason teaches white-collar criminal law at George Washington University Law School.More from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Beware of voter intimidationEDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Thruway tax unfair to working motoristsFoss: Should main downtown branch of the Schenectady County Public Library reopen? By forcing Sessions to step down, Trump could have sought to replace him with an attorney general who could rein in Mueller’s investigation and be more protective of the president.It seems clear that Mueller is probing whether there was a pattern of attempts by the president to obstruct justice by impeding the Russia investigation.Obstruction, of course, can occur even if the underlying activity being investigated turns out not to be illegal.Mueller could ultimately decide to bring no additional charges involving interference with the election and still conclude the president corruptly tried to derail the investigation in order to protect himself and his family.As Watergate taught us, sometimes it’s the coverup that gets you.Finally, CNN reported Wednesday that Mueller’s investigators have also been asking witnesses about Trump’s business ties to Russia before the 2016 campaign.Although Trump and others have suggested that such inquiries may be out of bounds, any financial entanglements between Trump and Russia are potentially important to Mueller’s probe. Categories: Editorial, OpinionSpecial counsel Robert Mueller III is significantly turning up the heat on President Trump.While the president once again attacks his own attorney general and declares himself the victim of a “witch hunt,” he faces increasingly ominous signs that Mueller has the president’s innermost circle — and Trump himself — in his sights.Mueller’s investigation has at least three tracks:Russian interference with the 2016 election and the possible involvement of any Trump officials.Obstruction of justice and related coverup crimes.Ancillary crimes discovered during the investigation, such as the money-laundering and other charges filed against Paul Manafort.In the past few days there have been reports of intensifying investigative activity focused on Trump’s own actions in all three areas.
Ms Millgate bought the unit in 2008.Her Manoora property is listed for $165,000, and open for inspection today from 10.30-11am.Selling agent Andrew Thornton, of Elite Real Estate Services, said the unit was “priced to sell”.“It backs on to a reserve, which gives it some peace and quiet,” he said.“And the pool area within the complex is just beautiful.” Mr Thornton expected the Cairns unit market to go “from strength to strength” over the next 12 months.“Once the lower-priced stock clears then we’ll start to see prices push up – anything in good condition, like this unit, is worth having a look at,” he said. More from newsCairns home ticks popular internet search terms3 days agoTen auction results from ‘active’ weekend in Cairns3 days ago12/36 Springfield Crescent, ManooraHer career has taken a completely different course in recent years.She now lives in Canberra where she works in the childcare sector, but holds many fond memories of her tenure in the tropics.“I always dreamt of coming back. I made great friends in Cairns and really love the culture,” Ms Millgate said.More than 20 years after the release of Muriel’s Wedding, she is still often asked to repeat that famous catchphrase.“Now it’s older people, rather than young people, who tell me that ‘they know me from somewhere’,” Ms Millgate said. Gabby Millgate.GABBY Millgate is willing to cut a deal with the next owner of her Manoora unit.“I’ll fly up to Cairns and say ‘you’re terrible Muriel’ to the person who buys the place, if that’s what they want,” she said.“If it closes the deal then I’ll throw it in as something extra.”A former actor, Ms Millgate is well known for her role as Joanie Heslop in the 1994 Australian film Muriel’s Wedding.She then embarked on a media career, and in 2008 moved to Cairns after landing a breakfast position with Sea FM.The neat two-bedroom unit at 12/36 Springfield Cres caught her eye and Ms Millgate has held on to it ever since.“I loved it because it’s on a rainforest pocket and even though it was a simple two-bedroom unit, it had a million-dollar view,” she said.“I just loved how close it was to the CBD – I could ride my bike through lush tropical gardens to get to work every day.”About two years after moving to Cairns, Ms Millgate took a new job with the ABC in Western Australia.
Major Danish institutional investors, including pension funds ATP, PFA Pension and Sampension, are concerned about the drying up of liquidity in the domestic bond markets seen over the last 10 years and say bond trading now requires significantly more resources, according to a new study.The Danish Securities Dealers’ Association (Børsmæglerforeningen) and the Danish Bankers’ Association (Finansrådet) have conducted a study into how the country’s largest investors are experiencing liquidity in the bond market, which concludes that the development is clearly downward and worrying.Peter Andersen, board member of the Danish Securities Dealers’ Association and chief executive of Jyske Bank Markets, said: “It is a worrying development that we are seeing on the bond markets.“We must take these statements from the big investors very seriously,” he said. In their research, the two associations held meetings with six institutional investors during the spring — ATP, Sampension, PFA Pension, Nykredit Asset Mangement, Danske Capital and Nordea Investment Management.The associations said a general impression from the talks was that all the investors were experiencing falling levels of liquidity on the bond markets and expressed concern about the development, particularly on the mortgage bond market.Strong liquidity on the bond market was crucial for the efficiency of the mortgage market, so that borrowers got the best financing, the associations said.Outlining problems the sparser liquidity is throwing up for institutional investors, the report said the new situation meant not only that sales and purchases of Danish bonds had become more expensive for the investors, but also that they now had less opportunity to change asset allocation.“Investors are experiencing a new reality that entails them having to use significantly more resources to carry out their trades today,” the report said.The investors also pointed out in the discussions that the biggest challenge they faced today within this sphere came when they wanted to reallocate portfolio assets“In practice it can be impossible to implement such a reallocation within a short time period,” the report said.Investors told the associations’ researchers that whereas 10 years ago they had been able to carry out bond trades of up to DKK1bn (€134m) within a few minutes without changing the market price significantly, today they had to limit trades to DKK100m or less in order to effect the deal within a single day without changing the market price.The investors cited various factors that had likely led to reduced liquidity in the bond market, including the current dearth of market-makers and smaller, marginal investors in the market compared to a few years ago and the fact that bank treasury departments appeared to have become less flexible in their portfolio allocation because of stricter regulation.The Danish Securities Dealers’ Association made a number of proposals in the report to enhance liquidity, including reducing the number of open mortgage bond series and using a higher level of central counterparty clearing as well as making changes to the law on refinancing.Late last year, ATP cited the significant drop in market liquidity over the last 13 years as one of the factors behind the strategic changes it had been gradually making to its investment and operations.Chief executive Carsten Stendevad said back then that the big fall in sovereign bond market liquidity since 2002 had been a huge challenge for the DKK705bn statutory pension fund.
ORVC Weekly Report(December 4-9)Players of the Week.Girls Basketball: Lilly Simon – Jac-Cen- DelBoys Basketball: Hunter Mefford – SouthwesternORVC Report (December 4-9)Courtesy of ORVC Recorder Travis Calvert.