Department of Interior’s Misstatement on Montana Mine Expansion Causes Short-Lived ‘Market Sensation’

first_imgDepartment of Interior’s Misstatement on Montana Mine Expansion Causes Short-Lived ‘Market Sensation’ FacebookTwitterLinkedInEmailPrint分享Montana Public Radio: We’re getting perspective now on last week’s news that the U.S. Interior Department said it had approved a major coal mine expansion in Montana. It caused the stock of the mining company involved to temporarily spike.Six days later, Interior rescinded its statement, saying no expansion was approved, and the original approval statement was the result of “internal miscommunication.”Matthew Preston is the research director for North American coal markets for a global research and consulting firm called Wood Mackenzie.Here’s his take on Interior telling the Associated Press that it had approved Westmoreland Coal’s proposal to expand it’s Rosebud Mine outside Colstrip by 10.5 square miles, potentially adding 19 years of life to the mine.“It did cause something of a sensation in the market for a small period, brief, of time, and relatively small scale, but it was something that you can’t just pass over lightly.”Westmoreland’s stock, which lost 93 percent of its value last year, rose by as much as 49 percent on news that Interior had greenlighted the company to mine an additional 60 million tons of coal at Rosebud. That didn’t sound exactly rational to Preston, given that the sole customer for the Rosebud mine’s coal is the Colstrip power plant.“I’m not sure what the market was thinking, because it’s been pretty clear that the life of the Colstrip plant is limited. You know, a third of the plant is going to go away in 2022, and perhaps the whole plant by 2028, so adding another 60 million tons to the reserves they have wouldn’t seem to make much difference. But, the market was somehow interested in that. You know, it’s a market, so sentiment happened to turn, and people took that announcement to heart, I guess.”The Colstrip plant’s life is being limited by at least one of the west coast utilities that buys its electricity. Seattle-based Puget Sound Energy has made it clear that it plans to source its energy in the future from sources with less impact on climate change.Some supporters of coal based energy are optimistic that the Trump administration will turn the industry’s fortunes around, and that that could mean an extended life for the Colstip power plant and the mines that support it. Wood Mackenzie’s Preston doesn’t share that belief.“Yeah, no, I don’t think so. I don’t think anything that the Trump administration is doing right now would change the minds of the folks that are owners of the Colstrip plant. Everybody can change their minds, but the owners of the plant seem set on moving some other direction than coal.”Still, the Interior Department’s statement that the Rosebud mine expansion was OK’d did have an impact on Westmoreland’s stock price, meaning investors potentially made or lost money based on the statement and its retraction six days later.“And it’s certainly unfortunate, from the point of view of the folks that may have made the decision to invest or not invest because of that. I don’t know that there’s any regulations that would come down on specific individuals within the Interior [Department],” Preston says. “I don’t think there’s any — this is my opinion — I wouldn’t expect there to be any ulterior motive to this announcement and then retracting it, I think it was as they state, a miscommunication within the office.”The Interior Department and Westmoreland Coal declined interview requests from Montana Public Radio and Yellowstone Public Radio.More:  Interior’s Misstatement On Montana Coal Mine Leads To Small ‘Market Sensation’last_img read more

3 ways to build better member experiences

first_img1. Recognizing who the competition is. It’s no longer banks and other credit unions that pose the biggest competition. Members now rank their credit union experiences based on all of their experiences with brands and companies. “They’re comparing us against Facebook, against Netflix, against Amazon,” said Michael Upton, chief digital and technology officer at First Tech. “As a financial services company, we believe it is absolutely vital we benchmark ourselves against the type of experiences our members have come to expect, whether they’re online or on their phones.”2. Investing in data analytics. Delivering the relevant, personalized experiences members demand begins with data. Once a credit union has a plethora of member data on hand, though, the next big question is what to do with it all. That’s where a data warehouse and dedicated analytics team can help. By investing in both, First Tech has taken control of its data. Upton noted, “If you understand what’s happening, you can then start to design products and actions.” Already, members are beginning to expect their credit unions to proactively fill needs they don’t know they have.3. Focusing on omnichannel. A member’s credit union experience should be seamless from one channel to another. This is what’s known as omnichannel. First Tech launched an omnichannel experience initiative about two years ago. “Whether our members call us at the contact center, come into our retail branch or choose to come online, the omnichannel is aware of those interactions,” said Upton. “We can create an experience that allows a member to start at one part of the company and complete any of their tasks at any other part of our company.”To learn more about optimizing member experiences, register for the “Jobs to Be Done” webinar – the latest in CO-OP’s Digital Transformation webinar series. “Wow, what a great experience.” Those five words should be at the top of members’ minds after every interaction with their credit union. Whether they’re engaging in person, online or over the phone, members should be guaranteed a positive experience. In fact, it’s what they expect. For three out of five Americans, getting a better experience is a reason to try a new brand or company (or credit union). First Technology Federal Credit Union, a $10 billion institution based in Silicon Valley and serving technology-driven companies, wants to ensure its members don’t feel that need to switch. Creating member loyalty involves three key steps at First Tech. 181SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

CFOs: What issues are most concerning right now?

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr As credit unions continue to deal with changing regulatory and economic environments amid the coronavirus pandemic, NAFCU wants to know: What issues are keeping industry CFOs and related financial executives up at night?Via a one-question survey, credit union CFOs, vice presidents of finance, controllers and those in other finance-related roles can share the top three issues they are most concerned about in the next six months to a year, including:taxation;interest compression;decline fee income;default rates; continue reading »last_img read more

Marijuana is new battleground for states’ rights

first_imgThey claimed they were protecting “states’ rights.”And then there was the “New Federalism” advocated by President Ronald Reagan in 1981.For Reagan, it meant cutting federal spending (the main purpose) and transferring responsibilities (mostly responsibilities to the poor and to children) back to the states — who of course couldn’t afford to fulfill them. It wasn’t really about federalism any more than opposition to the New Deal or to civil rights was.Strom Thurmond, the South Carolina senator who led the fight against civil rights, didn’t believe that it should be his home state that provided equality to black schoolchildren.President Reagan’s team was committed to reducing the size of government — and reducing its role in helping the poor and the needy — at both the state and federal level.Justice Louis Brandeis famously wrote of our federal system that the division of powers between the federal government — with its “limited” powers specifically delineated by the Constitution — and the state governments, which continue to possess all powers not given to the federal government, would allow the states to “serve as a laboratory” and “try novel social and economic experiments without risk to the rest of the country.”It took a while, but liberals finally got the idea. So why did the Trump administration announce last week that it intends to ignore the will of the voters, trample the rights of the states and enforce federal marijuana laws that are totally and completely inconsistent with everything states such as California are trying to do?Federal prosecutors are not going to be out there prosecuting recreational users, Trump’s posturing notwithstanding.Juries are composed of the very same people who voted to legalize recreational use. Try finding one that would convict.A dealer who imports and sells to kids across state lines is another thing; Trump didn’t need to make an announcement to give notice to them that federal law enforcement was still interested.All Trump accomplished last week was to prove the blatant hypocrisy that has long plagued the concept of federalism. And tick off a whole lot of people in a whole lot of states.Susan Estrich is a nationally syndicated columnist.More from The Daily Gazette:EDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Beware of voter intimidationFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Find a way to get family members into nursing homes Categories: Editorial, OpinionFor most of the 20th century, “federalism” was the cry of conservatives battling growing federal power that came, constitutionally at least, at the expense of the states.So their response to Franklin Delano Roosevelt’s New Deal was not that children should work endless hours in unsafe conditions but that the federal government had no business legislating programs and laws to end child labor and establish minimum standards for work, labor and hour regulation and the rest.It was only after President Roosevelt threatened to pack the Supreme Court that the conservatives on the Court finally gave in.Likewise, during the civil rights battles of the 1950s and 1960s, the opponents of civil rights in Congress and in the governors’ mansions did not come right out and say that black law students, college students and schoolchildren should attend schools that were both separate and terrible.center_img Justice William Brennan wrote a famous article in the Harvard Law Review during the dark days (for liberals) of Warren Burger’s tenure as chief justice.Brennan called on states to use their own constitutions to protect their citizens where the federal government refused to.Activists on various issues, including the environment and civil rights, increasingly looked to the states to act where the federal government would not.Federalism.Cannabis, anyone?In California, as in a growing number of states, the voters last year approved the recreational use of marijuana — complete with a whopping 15 percent (or higher) tax.Nationally, a majority of Americans support legalization. State after state has approved initiatives allowing first for medical marijuana and, more recently, for recreational use. States’ rights.last_img read more

The REIT man

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Railway Estate in hot demand

first_img78A Ninth Ave, Railway EstateA COTTAGE in Railway Estate is receiving plenty of attention from house hunters ahead of auction day.78A Ninth Ave will be sold under the hammer on March 13. It’s a renovated Queenslander cottage with three bedrooms, one bathroom and a practical, open-plan layout.Keyes & Co Property agent Tess Sellwood said she had received an overwhelming number of inquiries about the home, from downsizers to first-home buyers and young professional couples. 78A Ninth Ave, Railway Estate78A Ninth Avenue will be open for inspection on Saturday from 1pm-1.30pm. For more information call Ms Sellwood on 0439 793 559. 78A Ninth Ave, Railway EstateThe home has been restored while maintaining the Queenslander charm.The large chef’s kitchen features granite benchtops and flows out to the alfresco deck, perfect for entertaining.The home is situated on a low-maintenance 528sq m block and there is car accommodation and storage underneath the home.The house also has double side access and is surrounded by other high-quality character homes.center_img 78A Ninth Ave, Railway EstateMore from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“I have been absolutely pummelled with inquiries and it’s one of those cottages that doesn’t need any work,” she said. “Anything inner city that is low-maintenance is really attracting people and Railway Estate is going gangbusters. “I think the biggest drawcard for this property is that even though it’s a cottage, it has a really functional floor plan and open-plan living.“We decided to sell it at auction because it does carry a bit of wow factor and my owners were unsure of the value and market sentiment so they were happy to open it up to the market.”last_img read more

Rosalie T. Geis

first_imgRosalie T. Geis of Batesville died Tuesday, August 21, 2018.  Born August 22, 1938 in Batesville, she is the daughter of Clara (Nee: Thrine) and Raymond Grossman.  She married Albert Geis April 23, 1960 at St. Louis Church in Batesville.  She worked alongside her husband of 58 years at their business, Geis Electronics and was a member of the Batesville Historical Society and a former member of the Daughters of Isabella.Rosalie enjoyed celebrating special occasions with her family and friends and claimed that “a party isn’t a party without a jello salad.”  She regularly participated in her card clubs that started when she was in high school.  During travel time on her many trips she embroidered quilts for her grandchildren.  Rosalie never missed a game, recital or graduation of one of her grandchildren.  She shared her love of rock collecting with her family and was a faithful member of St. Louis Church.She is survived by her husband Al; daughters Kathleen Gutzwiller of Batesville, Karen Bauer of Cincinnati; sons and daughter-in-law Thomas Geis of Brookville, Christopher and Laura Geis of Batesville; sixteen grandchildren as well as numerous nieces and nephews.  In addition to her parents, she is also preceded in death by her brother Leroy Grossman and infant grandson George Geis.Visitation is Friday, August 24th, from 5 – 8 p.m. at the Weigel Funeral Home and Saturday, August 25th, from 9 – 9:30 a.m. at St. Louis Church.  Funeral services will follow at 10 a.m. Saturday with Rev. John Geis officiating.  Burial will follow in the church cemetery.  The family requests memorials to Oldenburg Academy or the Steve Reen Children’s Fund.last_img read more

Longford edges Galway thriller

first_img The 8-1 shot looked set to win decisively when hitting the front under Barry Geraghty, but Un Beau Roman came back tenaciously. In the end, though, Bally Longford won the argument by a length. Henry de Bromhead’s excellent week continued as Bally Longford edged ahead in a thrilling Lord Hemphill Memorial Handicap Chase. Press Associationcenter_img Miracle jockey Brian Toomey had his first ride over fences since his much publicised fall at Perth two years ago, but pulled up Phil Kirby’s British challenger Kings Grey. Geraghty said: “The ground wasn’t that bad I’d say. He jumped well and battled well. I thought when I went past Ruby that’s the last I’ll see of you, but he stayed at it well and I thought I was in trouble. My lad just kept finding a little bit more.” Slygufftou finished powerfully to land the Galway Shopping Centre Handicap Hurdle in the hands of Luke Dempsey. Michael McCullagh’s charge was turning out just nine days after opening his account under Rules at the 11th attempt at Wexford and was a 16-1 shot for this more competitive heat. The grey was never too far off the speed, but looked booked for minor honours as Harangue and Medinah Gold began to draw clear from the second-last. However, Medinah Gold was slow at the final obstacle and with Harangue beginning to tie up, Slygufftou stuck on admirably to come through and win by a length and three-quarters. McCullagh said: “This horse has given me a hard time at home but I forgive him all now. I was saying beforehand that I should have waited for Roscommon (on Tuesday). “I told young Dempsey to wait and wait and he did exactly as he was told.” last_img read more

Jose Mourinho contacts Manchester United to make his pitch for job – report

first_img Mourinho left Chelsea in December after a poor start to the season, despite his team winning the Barclays Premier League in the previous campaign. According to the report, Mourinho explains in the letter how he would be prepared to adapt his style of management to suit the demands at Old Trafford, and how he would seek to overhaul the squad. The 52-year-old Portuguese’s fondness for United is well known and he has been linked with the job before, but United chose David Moyes to succeed Sir Alex Ferguson in 2013 and Van Gaal to come in a year later. As well as two spells at Chelsea, Mourinho has previously bossed Porto, Inter Milan and Real Madrid. After he departed Chelsea before Christmas, Blues coach Steve Holland predicted Mourinho would want to soon be back involved in the game at the highest level. “He’s a guy who needs and wants football,” said Holland. ” There will be clubs and big clubs who will want him. “And he’s not in my opinion the sort of guy who’s going to spend six, seven, eight months sitting at home doing nothing in particular.” Pressure mounted on Van Gaal after United’s 1-0 defeat to Southampton on Saturday, which left the Red Devils five points adrift of fourth-placed Tottenham. Jose Mourinho has written to Manchester United to state his case to become the club’s next manager, according to a report in the Independent on Sunday. The newspaper states that former Chelsea manager Mourinho has sent United a six-page letter in which he outlines why he would be a suitable fit for the position, which is currently occupied by under-pressure Dutchman Louis van Gaal. United declined to comment on the report when contacted by Press Association Sport. center_img Press Associationlast_img read more

Serena Williams Pulls out of Cincinnati Masters

first_imgWashington: American tennis star Serena Williams has withdrawn from the WTA Cincinnati Masters due to back injury. Williams, a two-time Cincinnati champion, had retired during the Rogers Cup final Sunday in Toronto against Bianca Andreescu with the same injury. The 23-time Grand Slam champion suffered the second blow just hours before her scheduled match began against qualifier Zarina Diyas. “I am so sad to withdraw from the Western & Southern Open as it is truly one of the tournaments I most love to play,” the WTA website quoted Williams as saying in a statement. (IANS)Also Read: Simona Halep Crushes Serena Williams to Win Maiden Wimbledon TitleAlso Watch: Mangaldoi youth opts for celebrating Republic and Independence Day in a unique mannerlast_img read more