Buckingham Palace could be vacated to remove asbestos as upkeep presents “significant financial challenge”

first_imgWednesday 24 June 2015 2:28 am Buckingham Palace could be vacated to remove asbestos as upkeep presents “significant financial challenge” Share Catherine Neilan It’s not just the UK’s elected officials that apparently need to be rehoused – Her Majesty the Queen could be forced to move out of Buckingham Palace to make way for repair work.  Maintanence work costing as much as £150m is needed for the central London palace, with the BBC quoting sources as saying there were “significant amounts of asbestos” that needed to be removed.  “One option is for the palace to be vacated,” a source said.  The £150m sum depended on whether the refurbishment was carried out in one go or staggered through a rolling programme.  Sir Alan Reid, keeper of the privy purse, said: “Over the coming years, the maintenance of the estate and in particular Buckingham Palace will present a significant financial challenge. We will continue to work closely with the Royal Trustees to ensure that the funding for the Royal Household reflects that challenge.” The news comes as the royal accounts show that the Queen and her household cost the taxpayer £35.7m – or 56p per person – the same amount as last year.  An increase in Sovereign Grant funding meant that £2.2m was placed into a reserve fund “in line with PAC recommendations”, the palace said.  Reid added: “The Queen, the royal family and the household continue to provide excellent value for money: at 56p per person annually. We’ve worked hard this year to bear down on costs, to maintain revenue and to ensure that the additional funding in the 2014/15 Sovereign Grant has been placed into the reserve.  center_img whatsapp whatsapp Show Comments ▼ Tags: NULLlast_img read more

News / Eastbound box shipping capacity crunch could last for months, says Drewry

first_imgBy Mike Wackett 10/04/2017 The backhaul North Europe-Asia capacity crunch could last for months, according to new research from liner analysts Drewry.European shippers and exporters are expected to suffer continuing supply chain disruption and big freight rate hikes.Many shippers have complained to The Loadstar that the capacity crisis has been getting progressively worse, with some even tracing the start of the problems back to October.Drewry said eastbound shippers were “struggling for space”, with some “waiting up to eight weeks to load”.It added that even when shippers had been able to load their export containers, they were obliged to pay “considerably more than the usual going rate”.Drewry notes that eastbound spot rates are “almost as high as the much higher volume westbound market”, and its World Container Index (WCI) last week saw a further jump of 10.5% in spot rates between Rotterdam and Shanghai to $1,676 per 40ft.However, according to The Loadstar’s shipper contacts, even paying these high spot rates does not guarantee shipment, and they are being requested to pay additional amounts, over and above the market, to secure shipment with carriers.Drewry said given that vessels on the backhaul voyage are normally, at best, 60% utilised and eastbound shippers should “never have to worry about space shortages”, a “perfect storm” of events had conspired to upset this.It noted that the latest figures from Container Trades Statistics (CTS) reveal eastbound volumes for the first two months of the year were up by 9% on the same period of 2016.It agreed with some carriers that stronger-than-expected demand had been a factor, and added that this had been aggravated by its makeup of especially heavy cargo, which would restrict the intake of the ships.This spike in demand, suggested Drewry, had been compounded by “what now seems like a poorly managed integration of new alliance networks”.Drewry acknowledged that there had been “quite a few voided backhaul sailings in March”, as a consequence of the blanking of westbound voyages during February following the Chinese New Year.Nevertheless, it said, this was a common annual occurrence and that the number of skipped sailings a year previously had been much higher, at 19, versus the nine this year.Drewry concluded that the biggest cause of the dearth of eastbound capacity was the disruption from the migration of ships from their normal schedules in readiness for the 1 April alliance reshuffle. Consequentially, with the new alliances now up and running, it believes that “prices have maxed-out” on the route, but also warned that carriers should consider the damage to customer relations “which could be longer lasting”.Indeed, speaking at a seminar on alliances at the Multimodal exhibition in Birmingham last week, Chris Welsh, director of global and European policy at the Freight Transport Association, said the “service quality and reliability” boast of the new alliances was “not something that my members are seeing”.last_img read more

Carney says touching Canadian deposits “hard to fathom” in a new bail in scheme

TD getting new head of private wealth, financial planning Keywords Banking industry Fed plays limited role in assessing climate risks for banks Facebook LinkedIn Twitter Share this article and your comments with peers on social media Related news Canadian banks to focus on growth, spending and buybacks after strong second quarter “Canadian institutions have substantial unsecured debt obligations in the wholesale market and as well as other classes of capital, and they have substantial capital as well, so once you stack all of that up, regardless of whether one would look to reach into it … it’s hard to fathom why it would be necessary,” the Bank of Canada governor said. Asked if this would include non-insured deposits — those over $100,000 — Carney referred to a statement a previous statement from Finance Minister Jim Flaherty’s office that depositors were excluded. In an email response, Flaherty director of communications Dan Miles repeated the pledge: “The ‘bail-in’ scenario described in the budget has nothing to do with consumer deposits and they are not part of the ‘bail-in’ regime. Under a ‘bail-in’ arrangement, a failing financial institution has to tap into its own special reserves or assets (which it has been forced to put aside) to keep its operations going.” The statement makes no distinction between insured and un-insured deposits, but it is unlikely Ottawa would guarantee the latter. The Canadian central banker, who is a few months away from heading the Bank of England, says banks must have a set of buffers in place to draw on in an emergency. Speaking in advance of G20 and IMF meetings, Carney appeared to disagree with the approach taken in Cyprus last month that involved taxing deposits, but would not state his personal position because he said it might be misconstrued. “The bail-in approach broadly speaking, not bail-in as it was performed a couple of weeks ago in Cyprus, but bail-in as a component of addressing systemic risk … is an absolutely necessary element, it doesn’t solve everything but it’s absolutely necessary,” he said. As for Cyprus, he said simply: “It’s done.” The March budget announced that Canada intended to implement a “bail-in” regime for systemically important banks to ensure that in case of failure, there would be no need for governments to bail them out. In Canada, those banks are the Royal Bank (TSX:RY), Scotiabank (TSX:BNS), the Bank of Montreal (TSX:BMO), the Canadian Imperial Bank of Commerce (TSX:CM), Toronto-Dominion (TSX:TD) and the National Bank (TSX:NA). In his comments, delivered before an audience in a one-on-one interview format with Reuters’ Chrystia Freeland, Carney said the idea of a bail-in would be to set up a queue of capital buffers that banks could dip into to avoid failure. It likely would include some types of deposits. “You should have a sense of the hierarchy, you should have a sense of the presumptive path in which entities would be bailed in and in what order, you should have comfort that’s it’s going to be co-ordinated across jurisdictions and within all that context, investors, regulators, shareholders, broad creditors of the institution of a bank should have a sense that there is a sufficient set of buffers of pure capital, but also bail-inable capital,” he explained. “We’re working deliberately to get it done and Cyprus came a little early.” The interview was heavily-weighted toward international issues and Carney’s next job at the Bank of England, but there was also some Canadian content. Carney said he believes Canada’s housing and household debt issues were both moving in the right direction, but if the problem returned, interest rates could be raised sooner than otherwise might be necessary to avert a bubble. He noted a number of measures had already been taken to slow the market, a reference to four separate occasions in which Flaherty tightened mortgage rules, as well as lending practices. As for the bank, he said: “We have conducted monetary policy in a pretty transparent way that has highlighted the risks … and the potential consequences for the path of interest rates. In other words, they could be higher sooner if this isn’t addressed or this isn’t adjusted in a more timely way.” Mark Carney says policy-makers are working diligently to devise an international “bail-in” regime to prevent big bank failures, but he offered no guarantee global depositors would be protected under all circumstances. Canadian savers with accounts in the country’s six systemically important banks need not worry, however, he said at an event in Washington hosted by Thomson Reuters. Julian Beltrame read more

Global value managers must ‘dig deeper’

first_img Franklin Templeton renames funds with new managers Sonita Horvitch Change to Counsel Global Small Cap Fund Peter Moeschter, executive vice president, Templeton Global Equity Group, at Franklin Templeton Investments Corp., says that although the global equity market has done well in the last few years and become more expensive, there is still value to be found in individual stocks. “You just have to dig a little deeper,” says Moeschter, a traditional value manager. Focusing on developed markets, Moeschter notes that there has been a steady increase in stock prices in the last number of years. This has resulted in higher price/earnings multiples in general on stocks, as corporate earnings growth in the developed world has been slow,” he says. “There needs to be a continued improvement in corporate earnings over the next 12 to 24 months to support the global equity market.” Keywords Fund managersCompanies Franklin Templeton Investments Corp. NEO, Invesco launch four index PTFs Share this article and your comments with peers on social media At the end of May, the benchmark MSCI World Index, which represents 23 developed markets, traded at a price/earnings multiple of 19.8 times trailing earnings per share. “This is somewhat high by historic standards,” says Moeschter. But this is to be expected given the historically low level of interest rates and the expectation that earnings will continue to improve.” Using MSCI country statistics, the P/E multiple for the United States at the end of May was 20.7 versus 19.3 for Europe, 17.7 for the Far East and 16 times for Australia/New Zealand, says Moeschter. (Canada’s P/E multiple at 20.5 times was in line with that of the United States.) The MSCI World Index produced a total return in U.S. dollars for the 12 months to the end of May of 6.3% and an annualized 17.7% over the three years to the end of May. In Canadian-dollar terms, this benchmark registered a hefty 22.2% total return for the year to the end of May and an annualized 25.3% for the three years to the end of May, says Moeschter. “This significant difference in performance over the past 12 months reflects the sharp drop in the Canadian dollar over that period.” The Templeton team does not hedge currency exposure. “We have a diversified stock portfolio that reflects many currencies; also, many companies have active foreign-exchange hedging strategies.” Furthermore, Moeschter says, the investment horizon of stocks in the portfolio is around five years. “Currency movements tend to wash out over that period.” At Templeton, Moeschter is responsible for both the global and EAFE (Europe, Australasia and Far East) portfolios for institutional and retail clients. Through its extensive research network around the world, Templeton combs the global equity market looking for bargains. Its long-established discipline is to build financial models of its target companies, looking ahead five years. The goal is to buy good companies at a substantial discount to their long-term value. As a result of bottom-up stock selection, Moeschter’s global portfolios, which hold roughly 100 names, continue to be overweight in Europe. Here the most significant holdings are in respect of companies based in the United Kingdom, France, The Netherlands and Germany. These global portfolios are underweight in Japan. “We continue to consider that Japanese stocks are expensive,” he says, “though we have found value in Japanese auto companies such as Nissan Motor Co., Ltd. and Toyota Motor Corp.” The portfolios have a “substantial weight in U.S.-headquartered companies at around 35%,” says Moeschter. This compares with the U.S. weighting in the MSCI World Index of 57.4%. In the United States, a particular emphasis is health care, says Moeschter. The global portfolios continue to have significant weightings in Gilead Sciences Inc. (Nasdaq:GILD) and Amgen, Inc. (AMGN). “Their earnings have grown and the stocks are still reasonably valued.” Another big health-care holding is Swiss multinational Roche Holding AG. In all, says Moeschter, health care is one of the largest sector weights in the portfolio and is a substantial overweight position relative to the benchmark weight of 13.3%. “We are comfortable with our positions in these stocks.” Another significant sector weight in the portfolio is financial services, which are slightly overweight relative to the benchmark at 20.7%. There are holdings in European banks and insurers, says Moeschter. As well, in the United States, “two core holdings” are JPMorgan Chase & Co. (NYSE:JPM) and Citigroup Inc. (NYSE:C). “Operating earnings are coming through in the case of both European and U.S. financial institutions,” says Moeschter, “There is room for increases in dividends.” At present, he says, Citigroup’s dividend yield is below 1%, while JPMorgan’s dividend yield is comfortably more than 2%. Telecommunications-services stocks, which have only a small weight in the benchmark at 3.2%, represent a “significant overweight position in the global portfolios,” says Moeschter. A long-standing holding in this sector is Vodafone PLC, which has an American Depository Receipt and trades on NASDAQ under the ticker (VOD). Based in England, this company has some two-thirds of its business in Europe and one third in emerging markets, says Moeschter. “The company is improving the quality of its network and is rounding out its wireless offering to include cable and traditional wire-line services.” There is consolidation in the European telecom industry, he says. “Vodafone, with significant wireless operations in most European markets, is at the forefront of this.” The stock has a high dividend yield, he notes. As its network spending slows, “there should be support for a dividend increase.” In the consumer-discretionary sector, “a company that can also grow its dividend, and is expanding its operations” is Sky PLC, says Moeschter. This company provides pay-television broadcasting services in Europe. Sky has 25 million subscribers, he says, with 70% of its business in the UK and Ireland, some 20% in Italy and 10% in Germany. The latter two markets for pay TV are not as developed as the UK and Irish markets, says Moeschter. “There is considerable scope in Italy and Germany for Sky to get higher subscriber growth and sell more services to each subscriber.” Moeschter has for some time found the consumer-staples sector to be expensive. But there are exceptions, he says. A stock that he considers offers value is Germany’s Metro AG. This diversified distributor operates retail stores, including supermarkets, and markets products over the Internet. Its sales are mainly in Europe. Metro is benefiting from a slightly better trend in European consumer spending. Earlier this week, it announced a definitive agreement with Canada’s Hudson’s Bay Co. (TSX:HBC) under which HBC will acquire Metro’s department-store group Galeria Kaufhof and its Belgian department-store chain Galeria INNO for a transaction value of 2.83 billion euros, including the assumption of certain liabilities. The transaction is expected to close by the end of the third quarter of 2015. “Metro’s prospects keep improving,” says Moeschter, adding that management is unlikely to break up the entire company. “By selling off a few parts of its business,” he says, “Metro can strengthen its balance sheet.” In the industrial sector, Moeschter has been taking some profits in airline stocks. “These stocks have done well.” In keeping with his value discipline, he has pared back a holding in International Consolidated Airlines Group SA. This is a British-Spanish airline holding company, which includes two major airlines — British Airways and Iberia Airlines. “The company reduced costs during the financial crisis and is benefiting from both improved traffic and lower oil prices,” says Moeschter. “The stock price already reflects a lot of the positives.” Related news Facebook LinkedIn Twitterlast_img read more

Yes, I’ll have fries with that: CRA increases rate for meal claims

first_img Related news IE Staff Keywords TaxesCompanies Canada Revenue Agency U.S. proposes tax of at least 15% on global corporate profits Facebook LinkedIn Twitter The agency also increased by the same amount the rate at which transport employees can claim meal expenses using the simplified method.The increases are retroactive to Jan. 1, 2020. The $17 value was last updated in 2009.The agency said the increase “ensures that all employees, including our essential workers, can access meals that meet today’s inflation, as they continue to provide services that support Canadians through this pandemic.” U.S. businesses may have to report crypto assets to IRS Share this article and your comments with peers on social media Government to reimburse self-employed workers who repaid CERB burger fries and a cola MikeyGen73/iStock Canadian employers can allow those working overtime or travelling to charge more for meals while still excluding the amount from the employee’s income.The Canada Revenue Agency on Thursday increased from $17 to $23 the amount for which an employer can exclude an overtime meal from income and not report it on the employee’s T4 slip. last_img read more

G-G Backs Initiative to Tackle Crime and Violence in Mocho

first_imgRelatedG-G Backs Initiative to Tackle Crime and Violence in Mocho RelatedG-G Backs Initiative to Tackle Crime and Violence in Mocho FacebookTwitterWhatsAppEmail Governor-General, His Excellency the Most Hon. Sir Patrick Allen, has given his full backing to the Mocho Welfare Association (MWA), an initiative by the residents of the Clarendon-based community, to tackle crime and violence in their area.The Governor-General, who was addressing a prayer breakfast at the Lennon High School on October 28, said that initiatives such as these are needed to transform Jamaica.“I hope that your efforts will lead to the positive transformation that you seek for Mocho. It is initiatives like these, at the community level, at the very grassroots level, spearheaded by good people like you, that will enable the entire nation to be transformed,” he stated.His Excellency’s visit to Mocho was at the invitation of residents, who were seeking his guidance and blessing for the programme.“The letter of invitation that I received to visit with you painted a picture of a beautiful, quiet, peaceful and productive community that has been changed in recent times because of the spate of criminal activities.“Now, you have come together to share your ideas, tackle the serious challenge and to involve me in the initiative. I take it as a great honour to … stand in solidarity with the members of the MWA so that we can stamp out the monster of crime and violence in our communities,” he stated.“Crime has devastating consequences and that is why I was so eager to endorse this initiative by the leaders and citizens of Mocho …for the sake of our children and for the future of Jamaica. Let the word go out that Mocho is fighting against crime and violence. Let the word go out that Mocho will be a model community and let others follow Mocho,” he added.The Governor-General said that he is willing to go to every community in Jamaica that needs his help in making the island a better place to live. “I am willing to go to every community across Jamaica that needs my help so that we can create in this beautiful nation a place we can live at peace with each other,” he declared.The Mocho Welfare Association, Together Improving Mocho for Everyone (MWA TIME), is the brainchild of resident Mr. Denton Atkins, and was formed in response to the recent spate of murders in the community. It has at its core, the pastors of the 35 churches in the community, the principals of the 17 schools, the four Justices of the Peace, the presidents of the non-governmental organisations (NGOs) and the health representative for the area.According to Mr. Atkins, MWA TIME is “a tool designed to cause the necessary intervention needed to alleviate the problems facing our community members, thus restoring peace, love and harmonious living amongst our citizens”.“MWA TIME was conceived with the idea of bonding community leaders, members and other concerned groups in such a way that the youth of our community would benefit directly and or indirectly from the activities we promote,” he pointed out.Mr. Atkins said that the organisation is seeking to enact skills training and mentorship programmes, a series of social activities, a scholarship programme to provide welfare for bright but needy students, and a community restoration initiative. RelatedG-G Backs Initiative to Tackle Crime and Violence in Mochocenter_img G-G Backs Initiative to Tackle Crime and Violence in Mocho Governor GeneralOctober 30, 2009 Advertisementslast_img read more

UPDATE: PDC dismisses complaints against Blom and Rivers

first_imgThe commission declined to take up the complaints, ruling threats against citizens over campaign contributions are not against state lawCLARK COUNTY — UPDATE 7/31/20: The PDC has also dismissed a complaint filed by Eric Temple against 18th District Sen. Ann Rivers. Temple had accused Rivers of urging him via text to steer $5,000 of a $20,000 donations from Portland-Vancouver Junction Railroad (PVJR) to the Clark County Republican Party. “This would solve a number of problems for both of us,” Rivers wrote to Temple.Temple said he believed Rivers was promising to smooth over ongoing issues between his railroad business and Clark County (see article below for details). Rivers denied the allegations, saying the problems she was referring to were schisms within the local Republican party.Washington’s Public Disclosure Commission (PDC), the state watchdog group which regulates campaigns and candidates, has dismissed a complaint filed against Clark County Councilor John Blom.ORIGINAL STORY:On Thursday, Blom posted the PDC’s findings to his Facebook page and said, “The complaint had so little merit they did so without interviewing me or anyone from my campaign.”Clark County Councilor John Blom is shown here at a public event. File photoClark County Councilor John Blom is shown here at a public event. File photoUnsurprisingly, Blom’s accuser sees it differently.“This letter in no way vindicates John Blom,” said Eric Temple, president of the Portland-Vancouver Junction Railroad. “All the PDC is saying is that lawmakers exempted themselves from being held accountable for threatening people over campaign contributions.”Temple lodged his complaint with the PDC on July 20, alleging Blom had “asked for a high ranking member of his campaign to reach out to an associate of mine, Amber Carter.”Temple alleges that the unnamed associate spoke with Carter several times, ultimately threatening that “if any of my campaign contributions went to John Blom’s opponent, he would use his office to retaliate against my company.”In late June, Temple, through PVJR, wrote a $20,000 check to the Clark County Republican Party. PVJR President Eric Temple is shown here at a Freight Rail Dependent Uses open house in 2018. Photo by Chris BrownPVJR President Eric Temple is shown here at a Freight Rail Dependent Uses open house in 2018. Photo by Chris BrownOn July 20, the party contributed $15,000 to the campaign of Karen Bowerman, Blom’s Republican opponent and wife of the county GOP Chair Earl Bowerman.Temple is also the largest individual donor to Bowerman’s campaign, contributing the maximum $1,000.Blom says a member of his campaign staff, who had worked with Carter, contacted the lobbyist after hearing rumors Temple was using the county party to funnel a large donation to Bowerman’s campaign.Blom noted in early July that he had spoken with the team member, and no threats were ever made.“As I’ve stated from the beginning, this complaint as well as the ethics complaint, were completely fabricated to influence the election,” Blom said in his social media post on Thursday. “I’m looking forward to focusing on the issues that face Clark County over the next four years!”Temple has frequently employed a very public approach to airing his grievances with the county.After successfully lobbying for a new state law allowing for freight rail-dependent development along part of the county-owned Chelatchie Prairie Railroad, which PVJR operates through a lease with the county, Temple became frustrated with the process of implementing the rezoning.In Feb. 2018, he penned a letter to several local legislators, along with the members of the County Council and several staffers, accusing then-Senior Prosecuting Attorney Christine Cook of a conflict of interest, based on her past legal work for the environmental rights group 1000 Friends of Oregon.Shortly after that, the county began looking into the validity of PVJR’s lease, eventually leading to a still-pending legal battle in which Temple has repeatedly accused the county, especially former County Manager Shawn Henessee, of trying to force him out before he can recoup his investment in the rail line.While Blom has expressed concern over Temple’s vision for the part of that rail line through Brush Prairie, he believes Bowerman is seen as a more sympathetic vote for industrial development.“I have grave concerns about Mr. Temple’s efforts to industrialize Brush Prairie, including his suggestion about the potential of an asphalt plant in the rural area,” Blom wrote to Clark County Today on July 8. “Apparently he believes by supporting Ms. Bowerman she will be more supportive of his proposals, over the objections of our rural citizens.”In response, Temple maintains he never instructed the Clark County Republican Party where to spend his campaign contributions.“They could spend it on office furniture for all I know,” he said earlier this month.The PDC decision does not focus on whether Blom’s associate issued a threat. Instead, it ruled that “RCW 42.17A.565 prohibits any state, local, or public employee for soliciting contributions from an employee in their agency, or providing an advantage or disadvantage in employment to any employee or applicant for employment in classified civil service.”The Public Disclosure Commission declined to review a complaint filed against Clark County Councilor John Blom by PVJR President Eric Temple.The Public Disclosure Commission declined to review a complaint filed against Clark County Councilor John Blom by PVJR President Eric Temple. Click to view PDF.Based on that legal standing, the commission determined the complaint could not move forward because “no evidence was provided to show that Eric Temple is an employee in classified civil service, or that Eric Temple is an employee or applicant for employment with Clark County.”The PDC decision does note that “No other provisions of Chapter 42.17A RCW or Title 390 WAC prohibit threats related to contribution activity.”“The people who make the laws have exempted themselves from being held accountable for threatening people over campaign contributions,” says an exasperated Temple. “I’m sorry. That’s what happened.”Temple also filed an ethics complaint against Blom through the county, along with District 1 Councilor Temple Lentz, accusing them of violating their code of conduct, though neither complaint will move ahead until after the primary election, at the earliest. The council voted last week to shelve those complaints over concerns about the existing process of investigating them, a decision Temple says he supports, though he expressed disappointment that Blom and Lentz didn’t recuse themselves from the vote.AdvertisementThis is placeholder textTags:Clark CountyLatestVancouvershare 0 Previous : ‘Deja vu’: County worries testing shortage could hurt fight against COVID-19 Next : Crews respond to two-alarm duplex fire in VancouverAdvertisementThis is placeholder text UPDATE: PDC dismisses complaints against Blom and RiversPosted by Chris BrownDate: Thursday, July 30, 2020in: Newsshare 0 last_img read more

Ferrari Monza SP1, SP2 are throwbacks to a bygone era

first_img Why does it matter? The use of aluminum and carbon fibre, along with the most powerful engine Ferrari ever has ever built, delivers a bewildering turn of speed. The 6.5L V12 twists out 810 horsepower and 530 lb.-ft. of torque, while the seven-speed dual-clutch transmission drives the rear wheels. How fast? The SP1 warps the driver from rest to 100 km/h in 2.9 seconds, and on to 200 km/h in 7.9 seconds. What is it? Ferrari launched the Monza SP1 and SP2 — the first examples of the company’s new “Icona” program — at this year’s Paris Motor Show. The two draw inspiration from a bygone era and the Ferraris from the 1950s, but feature the most advanced technology available.The Monza SP1 is a single-seat speedster with a virtual windscreen — little more than a carbon-fibre diffuser that directs the air over the driver to give some semblance of comfort. The design means the racing suit and leather-clad helmet that come with each car are pretty much mandatory. The Monza SP2, thanks to the elimination of the right side tonneau cover and the addition of miniscule windscreen and passenger-side roll bar, has seating for two. Created with Raphaël 2.1.2Created with Raphaël 2.1.2Ferrari Monza SP2Graeme Fletcher, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Ferrari Monza SP2Graeme Fletcher, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Ferrari Monza SP2Graeme Fletcher, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Ferrari Monza SP1Graeme Fletcher, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Ferrari Monza SP1Graeme Fletcher, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Ferrari Monza SP1Graeme Fletcher, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Ferrari Monza SP1Graeme Fletcher, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Ferrari Monza SP1Graeme Fletcher, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Ferrari Monza SP1Graeme Fletcher, Driving ‹ Previous Next › When is it coming? It is highly unlikely either of the new Monza models will ever hit Canadian roads. Hopefully, though, there will be at least one example here — if only to listen to the engine’s sublime soundtrack live.Should you buy it? Ferrari’s new Monza models will see very limited production, cost a fortune and its doubtful if they will be road-legal in North America. If that still tickles your fancy, don’t get your hopes up — all have already been sold. Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Created with Raphaël 2.1.2Created with Raphaël 2.1.2 Ferrari Monza SP1  Graeme Fletcher / Driving advertisement RELATED TAGSFerrariLuxuryLuxury CarsParisLuxury CarsNewsParis Auto Show Trending in Canada COMMENTSSHARE YOUR THOUGHTS We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information.last_img read more

CU-Boulder Chancellor Announces Diversity, Technology Changes

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: June 5, 1997 Two finalists have been selected for the position of vice chancellor for administration at the University of Colorado at Boulder to fill the post currently held by Interim Vice Chancellor Peter Barden. Chancellor Richard L. Byyny named the two finalists on Friday. Both candidates, John Bernhard and Paul Tabolt, hold administrative positions in the CU system. Bernhard is vice chancellor for administration and finance at the CU-Denver campus. He serves as chief financial officer for the entire campus and chief administration officer for all non-academic areas of the campus. Several departments report to Bernhard, including the Office of Budget and Fiscal Planning, the Center for Human Resources, Campus Information Systems, Voice Communications Planning and Services, institutional research, facilities and business services and the Division of Financial Services. Prior to his current position, Bernhard was associate vice president for budget and finance and director of university budgets for CU’s central administration. He earned a bachelor’s degree at Stanford University and an MBA at Columbia University. Tabolt has been director of Facilities Management at CU-Boulder since 1991, heading one of the university’s largest departments with 350 staff members. In addition to campus maintenance, Facilities Management is responsible for space management and planning, capital planning, coordination of campus construction projects involving private construction firms and the campus-wide utility system. During Tabolt’s tenure, CU-Boulder has added several new buildings, including the engineering center’s Integrated Teaching and Learning Laboratory, a new police administration building, the Dal Ward Athletic Center, a music building addition and the earth sciences building, now under construction. Tabolt previously was director of the physical plant at the University of California at Berkeley and director of support services at Pennsylvania State University. He earned his bachelor’s degree in business administration from Pennsylvania State University and an MBA from CU. Tabolt and Bernhard were selected as finalists for the position by a search committee headed by Harold Bruff, dean of the law school. The search committee reviewed credentials submitted by 147 applicants from around the country. This process resulted in the selection of two internal finalists. Interviews for the two finalists with campus constituents will be scheduled and announced at a later date. The administration division at CU-Boulder includes about 700 employees supported by an annual operating budget of $65 million. Primary departments included in the administration area are police, facilities management, human resources, financial services, business services, mail services, the bookstore and employee development.last_img read more

Gehricke Wines Announces Inaugural Vintage of Los Carneros Rosé

first_imgAdvertisementSONOMA, Calif. (April 14, 2020) — Proprietor August Sebastiani is thrilled to debut an inaugural rosé bottling to his award-winning Gehricke portfolio of standout Sonoma wines.  A 100% Pinot Noir from the 2019 vintage, Gehricke’s Los Carneros Rosé (SRP $29) is the ultimate Provençal-style wine for spring.Sonoma’s cool 2019 vintage allowed for gradual fruit maturation, producing Pinot Noir that is full of flavor, fresh acidity and balance.  Elegant, lifted and alluring, with a lovely salmon hue, the 2019 Los Carneros Rosé opens with charming scents of fresh-cut carnation, ruby grapefruit and light hints of toasted nuts.  Smoothly textured with zesty acidity, the palate’s bright and refreshing notes of crisp watermelon, ripe peach and bursts of citrus offer a touch of creaminess as they lead into a long, dry finish.Fourth generation vintner Sebastiani says, “Gehricke Wines were developed as an homage to the local Sonoma countryside I grew up exploring and the dusty roads that led to forgotten, yet coveted vineyards and properties.  Gehricke is a tribute to one such road, and the portfolio of small-lot, minimal-intervention wines that celebrate those hidden pockets of vineyards throughout the county.  The 2019 Los Carneros Rosé is the first rosé we’ve made, and it perfectly captures Sonoma’s brisk, dewy spring mornings in every sip.”Gehricke’s winemaker, Alex Beloz, has worked with high-quality Sonoma County grapes for nearly two decades.  For the 2019 Los Carneros Rosé, Pinot Noir grapes were whole cluster pressed to stainless steel, while allowing the beautiful terroir of the Los Carneros AVA to shine through.  Stretching across the southernmost band of Sonoma County, this windswept region includes some of Sonoma’s coolest microclimates, thanks to its proximity to San Pablo Bay.  As a result, the 2019 Los Carneros Rosé is a sophisticated, 12.5% ABV rosé that’s perfect with fresh oysters, grilled vegetables, goat cheese, fish tacos or tangy barbequed ribs.Produced and distributed by Sebastiani’s 3 Badge Beverage Corporation, Gehricke Wines is part of the 3 Badge Enology portfolio and has enjoyed strong growth since it was introduced in 2014. Shipments of Gehricke wines were up 34.5% over last year. Gehricke wines include Russian River Valley Chardonnay and Zinfandel, Sonoma Coast Pinot Noir, Sonoma Valley Petite Sirah and Knights Valley Cabernet Sauvignon. All wines are available nationally. For more information about Gehricke Wines or where to purchase, please visit gehrickewines.com.About 3 Badge Beverage CorporationFounded in 2009, 3 Badge Beverage Corporation represents an innovative portfolio of terroir-driven wines and craft spirits from around the globe. Headquartered out of a historic, refurbished fire station in Sonoma, California, 3 Badge is led by fourth-generation vintner August Sebastiani. Named for his grandfather’s volunteer firefighting service badges, 3 Badge is built upon a philosophy of exceptional craftsmanship and commitment to place. 3 Badge Mixology offers Benjamin Chapman Whiskey, La Pivón Vermouth, Uncle Val’s Handcrafted Gin, Kirk & Sweeney Rum, Pasote Tequila and Bozal Mezcal, while 3 Badge Enology includes Gehricke Wines from Sonoma and Cedar + Salmon wines from the Pacific Northwest. Additional information can be found at 3badge.com.Advertisement Home Industry News Releases Gehricke Wines Announces Inaugural Vintage of Los Carneros RoséIndustry News ReleasesWine BusinessGehricke Wines Announces Inaugural Vintage of Los Carneros RoséBy Press Release – April 14, 2020 239 0 Twitter Facebook TAGSGehricke Wines ReddIt Previous articlePredator Wines Introduces New LookNext articleWorld’s First Digital Vintage Port Launch Press Release Linkedin Email Share Pinterestlast_img read more