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Panel on Trade and USCMA Touts the Benefits of New Agreement

first_img Previous articleCould a Line of Credit Help Your Operation?Next articleFollow-through Buying in Corn, Soybeans and USMCA Benefits to Indiana on the HAT Wednesday Morning Edition Andy Eubank Home Indiana Agriculture News Panel on Trade and USCMA Touts the Benefits of New Agreement Cornell-on-USMCA-panelChris Graham Amy Cornell and Curtis EllisMany months later the question about whether there will be a vote in the U.S. House on the U.S. Mexico Canada Trade Agreement remains unanswered. But, those wanting the NAFTA replacement ratified by Congress continue to insist it will be good for American business and workers.Last week’s Vice President Mike Pence Indianapolis address focusing on USMCA was preceded by a panel discussion of representatives of steel, pharmaceuticals, and agriculture. Amy Cornell with the Agribusiness Council of Indiana said the new agreement will help all Indiana farmers.“Our farmers have really been suffering these last few years,” she said. “Their income has decreased by about 46 percent since 2014. They need trade, they need export, and they need certainty, and USMCA does that for them.”And USMCA will specifically help dairy farmers who have been facing a crisis for the last five years.“Here in the state of Indiana in 2018 we lost ten percent of our dairy farms and we’re projected to do that again in 2019. What USMCA does is provide market access to those farmers. It also prevents Canada from dumping some dry dairy products on the world market and under pricing us, provides new access for chicken, eggs and expanded poultry markets.”Cornell highlighted the statistical importance of the Canada and Mexico markets, but she also stressed the food safety benefits in USMCA that provide important updates over NAFTA.“Sanitary and phytosanitary standards that are now included in USMCA are important,” said Cornell, who summed that up in layman’s terms. “We want to make sure that our food is safe. We want to make sure that the health of the animals and plants are taken care of, and we want to make sure that everyone is meeting certain standards but not hiding behind those standards in order to protect their domestic farmers. USMCA provides those protections for us.”She explained that products coming into the United States and shipping containers and pallets will all need to meet updated standards under USMCA. She added, the food safety standards in the agreement are based on science, and not protectionism.Richard Manning-Leigh Ann Pusey-Chris Graham-Amy Cornell-Curtis EllisThe trade policy event at MacAllister Machinery was one in a series put on by America First Policies. The panel discussion was introduced by former Trump Administration cabinet member Linda McMahon, now the chair of America First Policies. In addition to Cornell, the panel included Leigh Ann Pusey, Senior Vice President at Eli Lilly and Company; Richard Manning, Americans for Limited Government; Chris Graham, Steel Dynamics; and moderator Curtis Ellis, Senior Policy Advisor, America First Policies. Hear the discussion:America-First-Policies-USMCA-Panel Facebook Twitter SHARE By Andy Eubank – Oct 1, 2019 SHARE Facebook Twitter Panel on Trade and USCMA Touts the Benefits of New Agreementlast_img read more

At least 1 killed, 3 injured after mysterious explosion rocks medical building

first_imgiStock/Thinkstock(LOS ANGELES) — At least one person is dead and three more were injured after a mysterious explosion rocked a Southern California building Tuesday.Officials are unclear what led to the explosion, but are not ruling anything out. Bomb technicians are inside the medical building in Aliso Viejo, which was undergoing a renovation, to determine the cause, officials said.There’s no “initial indication” of terrorism right now, Mike Gifford, spokesperson for FBI in Los Angeles, said. However, authorities will continue to investigate possible terrorism out of caution.The powerful blast blew out nearly the entire bottom floor, officials said. There were early reports that a car had crashed into the building, but that turned out not to be the case.Children at a day care across the street from the building were evacuated. No children were hurt, officials said.Authorities said they are not actively seeking a suspect.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Chevron signs new domestic gas sale agreement

first_img Chevron headquarters in San Ramon, California. (Credit: Coolcaesar/Wikipedia) Chevron (TAPL) Pty Ltd today announced the signing of a domestic gas sale agreement with BHP Billiton Nickel West Pty Ltd (BHP Nickel West) for the delivery of natural gas from the Chevron-operated Wheatstone domestic gas facility.Commencing July 2020, Chevron plans to supply BHP Nickel West with a total of 22 Petajoules of equity domestic gas over the 3.5 year term of the agreement.Chevron Australia Managing Director Al Williams said the agreement highlighted the important role of natural gas in powering critical industries, such as mining, across the state.“Chevron is committed to delivering natural gas supplies to Western Australian homes and businesses, helping to power local jobs, industry and communities.“As a reliable and cost-effective way to generate electricity, natural gas is a vital energy source for current and future energy needs of Western Australian industry.”At full capacity, the Chevron-operated Gorgon and Wheatstone natural gas facilities will produce 500 terajoules per day of domestic gas for the WA market – enough to generate electricity for 4.3 million households.1As a key and growing participant in the Western Australian market, Chevron is actively marketing domestic gas under long and shorter-term arrangements.Chevron is one of the world’s leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for more than 60 years. With the ingenuity and commitment of thousands of workers, Chevron Australia operates the Gorgon and Wheatstone natural gas facilities; manages its equal one-sixth interest in the North West Shelf Venture; operates Australia’s largest onshore oilfield on Barrow Island; and is a significant investor in exploration. Source: Company Press Release Commencing July 2020, Chevron plans to supply BHP Nickel West with a total of 22 Petajoules of equity domestic gas over the 3.5 year term of the agreementlast_img read more

Morrisons to extend local flour scheme

first_imgMorrisons plans to extend a regional scheme, selling bread made from flour milled in the local area.Bakery trading manager Andy Clegg said the concept had worked well in East Anglia, Yorkshire and Wessex, and that stores in other parts of the country would launch locally milled bread later this year.Bakery sales were above expectations and had seen substantial year-on-year growth, according to Clegg, speaking after the chain reported annual pre-tax profits up to £655m from £612m in 2007, with sales up 12% to £14.5bn.”It’s down to the implementation of our strategy and a greater emphasis on food values, innovative products and developing the skills of our bakers,” he said. “Plant sales are still in volume growth and we have seen a switch to white bread in the last eight months, as a lot more people are making sandwiches at home.”last_img read more

News story: RAF recieves 20th Atlas transport aircraft

first_imgThe newly-delivered aircraft has formally entered service with the RAF, ready to begin crew training ahead of operational deployment. The international Atlas programme, being delivered by Airbus, is supporting around 8,000 jobs in the UK. In total the UK has ordered 22 Atlas aircraft which are all expected to be delivered to the RAF by the early 2020s.Adrian Baguley, Director Air Support for Defence Equipment and Support, the MOD’s procurement organisation, said: From deploying troops to transporting armoured vehicles, the Atlas aircraft has played a global role in operations in the Middle East against Daesh and providing vital relief in the Caribbean. As we come closer to receiving the full fleet of aircraft, we can be proud of the role the Atlas has played in supporting the RAF lift-off into a new century of air power. The DE&S Atlas delivery team, based at MOD Abbey Wood and Brize Norton, is proud to be delivering the Atlas aircraft for the RAF which means the UK has a world-leading tactical and strategic airlift capability. We will continue to work hand-in-hand with Airbus and trials personnel to ensure that this fleet of world-leading aircraft is fully delivered and qualified for UK operations. Secretary of State for Defence Gavin Williamson announced the arrival today at a gala dinner at the Royal International Air Tattoo. The aircraft was handed over to the RAF at Brize Norton, home of the UK’s Air Mobility Force. This coincided with crucial trials to test Atlas’s ability to deliver cargo by parachute and undergo air-to-air refuelling using a RAF Voyager aircraft.Atlas, which contributed to hurricane relief in the Caribbean last autumn as part of Operation Ruman, is currently deployed on operations in the Middle East and replaced C-130 Hercules in the South Atlantic this spring.Secretary of State for Defence Gavin Williamson said: The cargo delivery trial, carried out by a UK aircraft crewed by Air Warfare Centre and QinetiQ personnel, involved containers weighing around one tonne in weight being dropped in sequence over Salisbury Plain.For the air-to-air refuelling trial, which took place near Seville in Spain, an Airbus-owned Atlas, operated by a joint crew including Airbus and UK personnel, received fuel from an RAF Voyager tanker aircraft over a wide range of altitudes and air speeds. The results from both trials are now being analysed with a view to delivering operational clearances.last_img read more

UNODC: Central America’s Murder Rates Now Among World’s Highest

first_img Regional leaders meeting at a high-level international security forum in Mexico City said they’re dismayed with the findings of a recent report by the United Nations Office on Drugs and Crime, but are clearly unsurprised. The UNODC study said the murder rate in Central America is reaching crisis levels, with Latin America now more deadly than Afghanistan when it comes to homicide. Only Africa exceeds Latin America in the number of killings, concluded the report. Mexican President Felipe Calderón, speaking to forum delegates, said the turf war involving organized crime and drug cartels over territory and trafficking routes have turned Latin America into “the most violent region in the world.” He urged his regional counterparts to redouble their resolve to defeat the cartels. “It’s not an option, [but] an ethical obligation that the good fights against the evil,” said Calderón. Since 1995, said the UNODC study, the number of homicides has fallen in Asia, Europe and North America while increasing dramatically in Central America and the Caribbean. The report, noting that the bloodshed is “nearing the crisis point,” blamed organized crime for much of the violence, though it said other factors also account for increases in certain regions. Poorer countries are four times more likely to suffer violent crime than richer ones, it said. Income disparities and accessibility to weapons also come into play; guns were used in 75 percent of all homicides in Central America and the Caribbean. In addition, it said, the 2008 recession led to a rise in homicides. To help fight violence, said UNODC Executive Director Yury Fedotov, “crime prevention policies should be combined with economic and social development, and democratic governance based on the rule of law.” Honduras, which had 6,200 killings in 2010 out of a population of 7.7 million people, and El Salvador, with 4,000 murders among its 6.1 million people, have the world’s highest homicide rates, said UNODC, followed by Panama, Mexico and Belize. Ramón Custodio, the Honduran human rights commissioner, said he feared that worse was to come and that next year’s homicide rates will be higher. “We Hondurans have lost the right to live without fear,” he said in a news statement. The 2011 Global Study on Homicide calculated a rate of 82.1 homicides per 100,000 people for Honduras and 66 per 100,000 people for El Salvador. One country that has received wide praise for its efforts to curb drugs is Colombia. On his first visit to the country, UNODC’s Fedotov said Colombia had demonstrated strong political will in its fight against organized crime. He pointed out that a decade ago Colombia was by far the world’s leading producer of cocaine; now its share in production had shrunk. “Colombia’s progress in drastically reducing drug production has had a positive global impact in terms of security and public health,” said Fedotov. The UNODC chief highlighted developments in Colombia’s department of Antioquía, where alternative development programs are helping wean farms off coca cultivation. More than 150,000 campesinos have switched from coca to other products such as coffee, cacao, honey and hearts of palm. UN and Colombian officials agree that the country has made four million hectares — an area the size of the Netherlands — drug-free. “Consumer countries must do their part too, and reduce the demand that drives the drug trade, trafficking and violent crime,” Fedotov said in a press statement. “This is a matter for all of us. I urge the international community to keep up support for Colombia, which has shouldered so much of the burden of drug-related crime and terrorism in the past.” As long as the countries that most use drugs don’t come up with a TRUE policy to cut down on drug use, the producers will not stop producing. If drug use is stopped there will be no demand. By the way, I ask the drug users: Aren’t you ashamed to smoke or “snort” the lives of so many people with each “toke”? Don’t you have a conscience? You are criminals just like the paid assassins of the drug trade. Wake up! By Dialogo October 24, 2011last_img read more

Less than zero? Fed’s Powell shows no love for negative rates

first_imgA number of major central banks – including the Bank of Japan and European Central Bank – have implemented negative-rate policies in the years since the 2007-2009 financial crisis because their sluggish economies have failed to produce the desired level of inflation.Last week for the first time ever, fed funds futures began reflecting a small chance that negative rate policy would find its way to US shores. The futures market is used both to hedge for and bet outright on the level of the Fed’s benchmark overnight interest rate as far as three years down the road.The effectiveness of negative rate policy remains the subject of debate in global central banking circles. The idea has at least one high-profile fan, President Donald Trump, who tweeted favorably about negative rates again this week.Trump has frequently called negative rates a way to limit dollar strength and keep US exports competitive, calling the Fed “Boneheads” last September for failing to pursue the policy. Federal Reserve Chair Jerome Powell had a clear message to interest rate futures traders on Wednesday: Bets that the United States central bank will pursue a negative interest-rate policy are off-base.The Fed’s top official became the latest in a parade of policymakers to brush off the notion that they might push rates into negative territory after futures tied to Fed interest rate policy expectations recently began pricing a small chance of sub-zero US rates within the next year.“The committee’s view on negative rates really has not changed. This is not something that we are looking at,” Powell said in answer to a question during an event hosted by the Peterson Institute for International Economics, as he referenced the Fed’s policy-setting Federal Open Market Committee (FOMC). “As a former real estate developer, the idea of being able to borrow at low or negative rates suits Trump’s mindset,” said Mark Sobel, a longtime former US Treasury and International Monetary Fund official and currency policy expert. “The strong dollar has given him a lever to push for that.”Fed unanimityPowell is only the latest in a string of US policymakers to rebuff the idea that a sub-zero policy is on the table. At least six of the 12 presidents of the Fed’s regional banks have shot the idea down, and Powell noted during Wednesday’s event that disregard for it has been the subject of rare unanimity among policymakers.Officials most recently discussed it during last October’s meeting, Powell said, “and the minutes said that all FOMC participants – and that’s not a sentence you get to say very often – all FOMC participants currently did not judge that negative rates … appear to be an attractive monetary policy tool in the United States.”Powell said policymakers prefer alternatives such as forward guidance – or hard signals of how long current policy will remain in place – and large-scale asset purchases, also known as quantitative easing, or QE.“We’ve said that we continue to rely on those tools that are tried, and they are now a part of our toolkit,” he said.Rate futures tempered the pricing for negative rates somewhat after Powell’s remarks. However, a dozen contracts that mature from April 2021 through March 2022 are priced to reflect a fed funds rate of between minus 0.01 percent and minus 0.025 percent at contract expiration.Some analysts threw cold water on the notion that the market was seriously pricing in negative rates.Subadra Rajappa, head of US rates strategy at Societe Generale in New York, said while futures markets “are still pricing it in … we’re looking at very small volumes in fed funds futures out the curve. Even then you are looking at negative rates of one or two basis points, so it’s not in any way suggestive of a policy move that the market is pricing in.”Rajappa said this was probably indicative of “hedges that are being put in place in case the Fed goes in that direction.”Topics :last_img read more

Lieutenant Governor Announces Statewide Recreational Marijuana Legalization Listening Tour

first_imgLieutenant Governor Announces Statewide Recreational Marijuana Legalization Listening Tour National Issues,  Press Release Harrisburg, PA – Governor Tom Wolf joined Lt. Governor John Fetterman as he announced that he will be launching a statewide listening tour to hear from Pennsylvanians about the possibility of legalizing recreational marijuana.“I’m here today to support Lt. Governor John Fetterman in his effort to hear directly from the people of Pennsylvania on this issue,” Gov. Wolf said. “More and more states are successfully implementing marijuana legalization, especially those surrounding Pennsylvania, and we should learn from their efforts, and better understand the potential fiscal impacts of this reality before taking any collective action.”Tour dates will be released in the next few weeks and Fetterman has committed to visiting every county in the commonwealth.“Starting in mid-February, I will be traveling to all 67 counties to listen to everyone’s thoughts whether they agree with this initiative or have recommendations,” Fetterman said. “We want to make sure all Pennsylvanians have a say.”Both Gov. Wolf and Lt. Gov. Fetterman believe it is time for Pennsylvania to take a serious and honest look at legalizing recreational marijuana. Medical marijuana has been legal in Pennsylvania since 2016 and Gov. Wolf stressed that any proposal for legalizing recreational marijuana would need to be implemented after the medical marijuana program is fully implemented.“John’s efforts will help ensure we are looking at this issue from all perspectives and from every corner of Pennsylvania,” Gov. Wolf said. “We both want to make sure the voices of all Pennsylvanians are heard.”For those who may not be able to attend a listening session or are simply interested in providing feedback about legalizing recreational marijuana, the lieutenant governor’s office will be establishing a webpage form to be available when the listening tours begin. January 24, 2019center_img SHARE Email Facebook Twitterlast_img read more

Patel the hero as Challengers surviveDhoni’s devastating display

first_imgROYAL Challengers Bangalore’s resurgence continued despite MS Dhoni’s heroics as Parthiv Patel’s final-ball direct hit earned the Indian Premier League’s bottom side a thrilling one-run win over leaders Chennai Super Kings.Patel (53) had underpinned the Challengers’ innings as they made 161-7, with Deepak Chahar, Ravindra Jadeja and Dwayne Bravo each taking two wickets apiece for Chennai.Dale Steyn then claimed two dismissals in the opening over of Chennai’s innings and, at 28-4 at the end of the powerplay, they had it all to do when Dhoni (84 not out) arrived, yet the 37-year-old dragged his team to the brink of victory with 24 runs off the first five balls of the final over.That meant Chennai needed two from the final ball to win with Dhoni on strike, yet Umesh Yadav’s delivery went through to Patel behind the stumps and he beat Shardul Thakur’s dive to run him out, clinching a third win in four for Bangalore.Du Plessis atones for drop in the fieldDhoni’s team started brightly, with Bangalore captain Virat Kohli out in the third over, yet Faf du Plessis looked to have made a costly error when he misjudged AB de Villiers’ shot to him at mid off and could only get his fingertips to the ball.De Villiers appeared in the mood when he reached 25 off 19 balls and he dispatched Jadeja’s shorter ball to the long-off boundary, but his compatriot did not put down another chance.It was one of two catches made by Du Plessis – who has now taken 10 in this year’s IPL – though his most impressive act was the role he played in removing Marcus Stoinis (14) as he shovelled the ball up to Dhruv Shorey while falling over the rope to claim a brilliant assist.Steyn sets the tone again as Dhoni’s effort comes up shortBangalore’s dismal start to the IPL campaign owed much to their feeble bowling attack, which has been rejuvenated since Steyn returned in a 10-run victory over Kolkata Knight Riders last time out.The Challengers had taken only three wickets in the powerplays of their first eight matches, but have now taken seven in their past two, with Steyn (2-29) and Yadav (2-47) laying the foundations again.Steyn accounted for Shane Watson, who edged to slip, and bowled Suresh Raina in the opening over, while De Villiers took routine catches off Yadav’s bowling to dismiss Du Plessis and Kedar Jadhav. That left Chennai 28-4, a position that ultimately proved too much to come back from despite Dhoni’s brilliance.Dhoni reached his half-century off 35 balls with one of his seven sixes. He then dragged his team into a position to triumph with three maximums in the final over – including one that went out of the stadium – but his failure to get bat on ball at the death allowed Patel to be the match-winner instead.last_img read more

At The Finish Line 12-13…Where Only the Truth Matters

first_imgUniversity of Pittsburgh defensive tackle Aaron Donald poses with the Outland Trophy after winning the honor during the College Football Awards show in Lake Buena Vista, Fla., Dec. 12, 2013. (AP Photo/Phelan M. Ebenhack)What can I tell you. If the man swept the trophy collection for best defensive lineman in America, Aaron Donald must be! So how come he can’t win the Heisman Trophy?After all is said and done, Antonio Brown should have seen the sideline.  He could have planted himself in Steeler folklore forever.That being said, I’ve got the Steelers in the upset over the Bengals on national TV Sunday night, New England to beat Miami and Detroit to beat the Ravens. Thus the Steelers stay alive another week.The catcher can’t block the plate now. What’s next in sports protection… no one can wear a jock? … Get it!?!If you missed the 38th Annual Willie Stargell M.V.P. Awards Banquet, you missed the quality, maturity and class presented by “The Four Horsemen” from Shadyside Academy: Dennis Briggs, Jr., Jarred Brevard, Tyrel Hill and Charles Calabrese. Four young men that did their school good being honored and all are destined for greatness.YOU HAVE NOW CROSSED OVER THE FINISH LINElast_img read more

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