Dolores Huerta to receive Radcliffe Medal

first_imgDolores Huerta, the civil rights icon who fought to build a nationwide coalition protecting farm workers, will receive the Radcliffe Medal on May 31, the last day of Harvard’s Commencement week, the Radcliffe Institute for Advanced Study announced today.The award, a highlight of the institute’s annual Radcliffe Day, honors individuals whose lives and work have had a transformative impact on society. Huerta, who has fought for 60 years to secure the rights of disadvantaged people and communities, is an exemplary medalist, noted Dean Tomiko Brown-Nagin, who said that Huerta’s accomplishments were long unsung, particularly compared with those of her male contemporaries.Radcliffe will honor Dolores Huerta’s work on the issue that sparked her activism: the intersection of food and social justice. Courtesy of Dolores Huerta Foundation“Dolores Huerta is a towering figure in the labor, civil rights, and women’s movements,” said Brown-Nagin, a legal scholar and civil rights historian. “The fact that some individuals won’t immediately recognize Huerta’s name and know why we’re honoring her illustrates the all-too-common erasure of women from our histories.“As a historian, I am keenly aware that Dolores Huerta and other women from traditionally marginalized groups are especially likely to be omitted from our historical narratives.”In 1962, Huerta and Cesar Chavez co-founded what would become the United Farm Workers. Although her name is not as recognizable as her partner’s, Huerta’s contributions were no less significant, scholars say.Years earlier, well before food activism captured the public imagination, Huerta witnessed and experienced ethnic and gender bias as a teenager in California’s Central Valley, one of the most productive farming regions in the world. The ill treatment she saw inflicted on the workers there led Huerta to play a critical role in California’s legendary grape strike, which began in September 1965. Filipino pickers walked out of the fields to protest years of poor pay and desperate working conditions; two weeks later, they were joined by Mexican workers. The strike continued for five years, until California table-grape growers signed their first labor contracts giving workers better pay, benefits, and protections.Over the following four decades, Huerta lobbied for better legislative representation for workers, then worked to help more Latinos and women win elective office.She received the Eleanor Roosevelt Human Rights Award in 1998 and President Barack Obama awarded Huerta the Presidential Medal of Freedom in 2012, saying, “Dolores helped lead a worldwide grape boycott that forced growers to agree to some of the country’s first farmworker contracts. And ever since, she has fought to give more people a seat at the table. ‘Don’t wait to be invited,’ she says. ‘Step in there.’ ”The Radcliffe Day 2019 program has been designed to honor Huerta’s work on the issue that sparked her activism: the intersection of food and social justice. The audience in Radcliffe Yard will hear from Huerta herself and from a panel of leading activists and scholars with perspectives on food, food production, and policy. Journalist Soledad O’Brien ’88 will moderate the discussion.The panelists will include:Health policy expert and Harvard T.H. Chan School of Public Health Professor Sara Bleich, Ph.D. ’07, RI ’19;Immigration and employment activist, lawyer, and Fordham Law School Professor Jennifer Gordon ’87, J.D. ’92;Writer, activist, and Food First co-founder Frances Moore Lappé;University of California, Davis, Economics Professor Daniel A. Sumner, who served in the U.S. Department of Agriculture under President George H.W. Bush;Chef and food activist Alice Waters.Watch the live webcast by clicking here. The event will begin at 10 a.m. Friday with a panel discussion, titled “Nourishing America: Exploring the Intersection of Food and Justice.”last_img read more

Dell EMC Integrated Data Protection Appliance – Innovation Without Compromise

first_imgFlexibility and choice to fit your needsDell EMC IDPA will be in 4 different models to fit the needs of enterprise and mid-size businesses, with capacity for the entry level IDPA (DP5300) starting at 34 TB usable capacity with the highest end IDPA (DP8800) scaling up to 1 PB usable capacity. Today, we are delivering a major leap in data protection with the new Dell EMC Integrated Data Protection Appliance (IDPA), which will enable our customers to transform their protection environments.IDPA is a new pre-integrated, turnkey appliance that is simple to deploy and scale, and delivers holistic data protection with comprehensive feature-set and broad workload coverage. IDPA is specifically designed to solve increasingly complex data protection challenges of modern enterprises.So, why Integrated Data Protection Appliance and why now?Business and technology landscapes continue to evolve. Data growth and democratization are enabling more powerful next gen applications. Businesses are increasingly leveraging cloud for flexibility, agility and economics. Business cycles continue to shrink and the pressure continues to mount for organizations to invest in future-proof technologies with faster time to value.For most organizations today, trying to meet these challenges results in fragmented data protection environments with multiple point products and protection siloes for different applications and platforms.  The end result is significantly increased time to value, costs and complexity, and lower reliability.Dell EMC Integrated Data Protection Appliance (IDPA) is purpose-built to solve the data protection challenges facing the modern enterprises.Dell EMC IDPA is a pre-integrated, modern, holistic and future proof solution that is:Converged and ComprehensiveIDPA offers next-generation of data protection convergence by converging across four key vectors:Protection storage, software, search, and analytics integrated into a single appliance, accelerating the time to protect by 10X.Protection across a wide and diverse application ecosystem, both physical and virtual, and support for multiple hypervisors (vSphere and HyperV).Efficient protection and accelerated recovery leveraging the power of flashExtends data protection seamlessly from data centers to private and public clouds with native cloud-tiering for long term retentionAnd IDPA offers customers one-stop support for the entire appliance eliminating the overhead and risks associated with working with multiple vendors and support organizationsFast and ModernIDPA is specifically designed for enterprise needs for IT transformation. It delivers support for modern applications like MongoDB, Hadoop, MySQL, provides boosted application direct protection, is optimized for applications and VMware with faster performance and instant recoverability – up to 20 percent faster than our closest competition, and is built on industry-proven data invulnerability architecture (DIA) for encryption, fault detection and healing.High-Value and Low-TCO: IDPA delivers an average of 55:1 data reduction with the leading deduplication technology for on-premise and cloud. Furthermore, it enables customers to start small and grow as they need, and scale without overhead.Check out the video to learn more how IDPA enables customers to solve complex data protection challenges: To learn more about the Dell EMC IDPA, check out the Dell EMC IDPA home page and follow @DellEMCProtect on Twitter for our latest announcements and content.last_img read more

Cardinal speaks on role of theology in ending poverty

first_imgCardinal Gerhard Müller, prefect of the Congregation for the Doctrine of the Faith, came to McKenna Hall Friday to discuss the roles of Catholic teaching and liberation theology in alleviating poverty. The interview, titled “Poor for the Poor: The Mission of the Church,” was part of the weekend-long conference called “Your Light Will Rise in Darkness: Responding to Cries of the Poor.”“I am not an economist or a politician,” Müller said. “I am a theologian, and these theories and depositions come not from an expertise in economics and politics but from expertise in humanity.“The Church’s mission is not to be a social lever or economic link. The mission of the Church is to preach the Gospel of Jesus Christ, and part of that preaching is to call attention to and solve the denigration of the dignity of man.”Drawing on his recent book “Arm for the Poor,” Müller said his experience with poverty in the Andes was a sobering one and demonstrated the dehumanizing realities of poverty.“It is … difficult to imagine a German university professor living on the floor of a clay hut … being able to share the very real experience of poverty as it is lived every day by countless men,” he said. “Poverty leads to extremely difficult situations and emergencies and causes conflict within families, groups and entire societies.”Müller said first-world society is still plagued by some form of dehumanization, brought on by increasing distance from the Church.“Mechanical developments and the process of industrialization began to influence ideas about man such that he could be considered nothing more than a mere machine,” he said. “A machine only that would unconditionally serve to further productivity, guarantee deregulated efficiency and produce ever-high profits. In such, the role of man was relegated to an inferior position, and his role of machine exalted.”Müller said the Catholic Church could act as a powerful answer to poverty, playing an important role in protecting human dignity through the solidarity and teachings of the Church.“The mission of the Church is to free mankind from the poverty of our poor condition and remind us that we are made in the image and likeness of God,” he said. “In a very important encyclical from Pope Leo XIII, ‘The Church has consistently addressed the changing social situation of the world and its impact on man.’“So we must all recognize in ourselves our own poverty, our need for salvation, our dependence on God, and we must see in this the fundamental truth of our human nature.”Tags: Cardinal Gerhard Müller, Catholic, liberation theology, Poor for the Poor, povertylast_img read more

Warning signs for workaholics

first_imgAs leaders or as employees, how often are we advised to slow down and stop working so hard? Isn’t it always the opposite? We live in a work culture that encourages long hours, a fast pace and extreme productivity. This is especially driven by society’s insistence on speed and immediacy.I recently ordered breakfast at the McDonald’s drive-through. This admission is an ironic tie to the point of this article.As I paid for my order, I saw a sign that promised a free meal if my order wasn’t delivered in 60 seconds from the time of payment. I was then handed a minute glass and proceeded to the next window where I was handed my latte and breakfast sandwich. I always order my latte with nonfat milk to make me feel better about the sausage and egg sandwich.I thought about the potential negative effects of this marketing tactic. For instance, I worried about the quality of my food with so much emphasis on speed. I wondered about the pressure on the employees to deliver such speed throughout their shift. And I didn’t necessarily like handling the minute glass that was being recycled from customer to employee to customer throughout the morning, especially right before handling my delicious sandwich.But we live in this society that is obsessed with speed and the hard work it takes to deliver fast, convenient results in whatever we do.I recently read an article written by a consultant and executive coach named, Rebecca Zucker, published in the Harvard Business Review and titled, “Are you Pushing Yourself Too Hard at Work?”Her premise was that for the 10% of Americans who consider themselves workaholics, there are certain danger signs that they may be pushing themselves too hard. Here are the warning signs:First, you may not be taking time off. Some surveys show that only 23% of Americans take their full vacation time allotted. And many workers regularly work on weekends and during evening time. She points out that taking time on weekends and evenings and even short vacations is important for high performers to restore energy and counter the drain of being “always on.”After 32 years as a fast-paced executive, I can say that I shamelessly find time to use my vacation time. This hasn’t always been the case but I’ve learned how important it is to decompress and recharge. I’ve never wanted to get to the end of my career only to face broken relationships and poor health. Consistently unused vacation time should not be a badge of honor. We should drive this home with our employees. For this reason, we recently changed our company policy to no longer allow the rollover or banking of unused vacation time.A second warning sign is when you deprioritize personal relationships. During 2018, 76% of US workers said that workplace stress affected personal relationships, with workaholics being twice as likely to get divorced. And it’s bad for your health too. Research shows that strong social relationships correlate positively to longer lifespans. As she points out, if you’re not taking time outside of work to connect socially, you may be too focused on work.I’m not proud of the fact that I have been divorced twice and am now happily married for a “third time’s the charm” run with my wonderful wife Evelyn. I won’t try to blame past failed relationships on poor time management, but in both cases I can say that it was a contributing factor. But failures of any kind can be life lessons. I hope I’m more sensitive to putting my wife, children and grandchildren ahead of work priorities. But it takes awareness and effort to do that well.A third related symptom is that you’re unable to be fully present outside of work. Research shows that two-thirds of Americans work while on vacation. If work intensity slowly erodes our most important relationships, we do a big disservice to ourselves and to our loved ones.Once again, I’m “guilty as charged” on this one. And who doesn’t try to keep up with work emails while traveling or even while resting at home? Today’s “always-on” technology makes it impossible to completely disconnect from work. But again, balance is the key. Being present in personal relationships pays greater long-term dividends than any work accomplishment and failing to do so should be a warning sign that we’re pushing work too hard.A fourth sign of our work being destructive is when we are neglecting personal care. Whether poor dieting, a lack of regular exercise or sacrificing sleep and relaxation, all of this can signal that we’ve lost the work/life balance.My McDonald’s story is a sign that I don’t always plan for a healthy breakfast. And I know I’m not alone. It takes effort. And so does common sense exercise. There should be no excuse for failing to have an exercise plan. At 62, I see myself running less and missing my fitness goals. But my philosophy is that something is always better than nothing. Committing to a schedule that allows for a good diet and exercise makes us better at our work and yet, failing to find time for both is often a symptom of working too hard.Finally, if you see your value as a person completely defined by your work, it’s time to do a serious self-assessment and make corrections. We all know someone who arrives at retirement age in a seemingly sad and sorry state. And when we love our work as much as most credit union people do, it’s easy to be overtaken with our jobs.I once asked former House Ways & Means Committee Chairman Dave Camp how he managed to hold such a high office and yet be so personable and approachable. His advice was simple. He said, “I just have learned to not take myself too seriously.” And so it applies to our work and careers. We can be successful and make a significant impact in our work without letting ourselves be completely defined by our work.These counter-intuitive principles should be driven by leaders through all levels of their organization. This is why the most progressive companies allow for remote work, flextime, and decency in the way employees are evaluated and treated by supervisors. Productivity and service excellence is far more likely achieved when we live and encourage the proper work/life balance for leaders and for all employees.Ms. Zucker summed it up well in her article saying, “While we all need to shift into high gear from time to time, keeping work in perspective with the rest of our lives, and taking care of ourselves and our relationships are key to achieving long-term success, both personally and professionally.” 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dave Adams Dave Adams is  President / Chief Executive Officer of CU Solutions Group. The  CUSG office is located in Livonia, Michigan.Mr. Adams joined the Michigan Credit Union League in August of … Web: www.CUSolutionsGroup.com Detailslast_img read more

Learn more about smart meter flaws

first_imgRe Jan. 17 article, “Residents curb energy usage”: Once again there’s an article touting the benefits of having “smart meters” installed on your house or business.Are you concerned about your health, especially babies and grandchildren? What about your privacy, safety and higher maintenance costs? Why are the big corporations paying the energy companies for the data collected from these smart meters. Why would 8 percent of the people refuse these “beneficial” smart meters.You can find out the answers to these questions and concerns by simply going to your library and borrowing the DVD documentary, “Take Back Your Power.” Then you’ll know the rest of the story.Paul VolskyRichmondvilleMore from The Daily Gazette:Foss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Beware of voter intimidationEDITORIAL: Urgent: Today is the last day to complete the census Categories: Letters to the Editor, Opinionlast_img read more

Brad Keselowski wins NASCAR’s longest race

first_imgJohnson’s Hendrick Motorsports team mate Chase Elliott, who had pitted on the final caution, was moved up to second place.The race, which started on Sunday and finished on Monday, was halted for nearly 90 minutes after rain swept across the 1.5 mile super speedway after 50 laps.”I feel like I’ve thrown this race away a handful of times and I thought we were going to lose it today,” said Keselowski.”We might not have been the fastest car today but wow did we grind this one out.” Brad Keselowski won the Coca Cola 600 in a shootout on Sunday as NASCAR did its best to fill the sporting void created by the novel coronavirus shutdown with its longest ever race.The 600-miler on the US Memorial Day weekend was already the longest race on the NASCAR calendar but on Sunday it went even longer after William Byron’s spin with five laps to go set up a two-lap shootout for victory.Deciding not to pit, Keselowski stayed on the track to move to the front of the pack and bolted clear on the restart, holding off a challenge from seven-time NASCAR Cup champion Jimmie Johnson, who was later disqualified after the post-race technical inspection. Aside from a charity golf match pitting Tiger Woods and Peyton Manning against Phil Mickelson and Tom Brady, NASCAR continued to have the sporting spotlight all to itself as the NBA, MLB and NHL continue to look for ways to return from the shutdown.The Coca Cola 600 was the first of four races on four consecutive days at Charlotte Motor Speedway, with the Xfinity Series hitting the track on Monday followed by a truck series race on Tuesday and the Cup drivers back on Wednesday.All races are being run under strict social-distancing regulations and in front of empty grandstands.That provided an eerie backdrop at Charlotte Motor Speedway, which on Sunday would normally have been packed with fans honoring military personnel who died serving in the US armed forces.With the US death toll from COVID-19 expected to soon exceed 100,000, NASCAR also used Sunday’s race to honor frontline workers and others battling the pandemic. Midway through the 400 lap race drivers pulled onto pit road and stopped for a moment of silenceTopics :last_img read more

Chelsea fan caught punching David Luiz poster on live TV ahead of Arsenal transfer move

first_imgAdvertisement Advertisement Some Chelsea fans have even been bombarding David Luiz’s restaurant with a series of one-star reviews as the Brazilian edges closer to joining bitter rivals Arsenal.The Gunners are also expected to announce Kieran Tierney’s arrival in the coming hours after the Celtic left-back traveled down from Glasgow on Wednesday night for a medical. The Chelsea fan unleashed a flurry of left and right hooks on David Luiz’s poster (Picture: Sky Sports)Transfer deadline day has the capacity to send football fans over the edge and one Chelsea supporter had clearly reached breaking point as he was seen punching a poster of David Luiz outside Stamford Bridge – and, thankfully, it was all captured on live television.Arsenal have been on the lookout for a centre-back following Laurent Koscielny’s move to Bordeaux earlier this week and the north London club reportedly agreed an £8million deal with Chelsea for Luiz with just hours remaining of the transfer window.The 32-year-old Brazil international trained away from Chelsea’s first-team this week in an attempt to force through a move to the Gunners.AdvertisementAdvertisementHe would be the fifth player through the doors at the Emirates this summer, with Dani Ceballos (loan), Gabriel Martinelli, Nicolas Pepe and William Saliba – who has been loaned back to Saint-Etienne – also signing on the dotted line.ADVERTISEMENTMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityWith Chelsea expected to make an announcement over Luiz’s departure imminently, Sky Sports reporter Gary Cotterill stood outside Stamford Bridge waiting for updates.Cotterill, though, was upstaged by an enraged Chelsea supporter in the background who was busy picking a fight with a giant poster of Luiz on the walls of the stadium.You’ve got to love deadline day…This Chelsea fan is taking David Luiz leaving the club well 😂 🥊 pic.twitter.com/WeO5A4DHka— Football Daily (@footballdaily) August 8, 2019 Tierney is set to join Luiz at Arsenal (Picture: Getty)Martin Keown believes his former club are making a huge mistake in signing David Luiz from Chelsea.‘If I was at Arsenal and had the ear of Unai Emery, I would be advising my manager not to sign David Luiz,’ he told The Daily Mail. ‘Walk away from this deal. This is not the defender for you. It’s too high risk.More: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira moves‘Yes, Arsenal want a centre back, but is Luiz the answer to their prayers? I don’t think so.‘The way the 32-year-old plays, he would be exposed in that Arsenal defence. He would not get the same protection that he enjoys at Chelsea, where N’Golo Kante patrols in front of the back line.‘In possession, Luiz is a wonderful passer, but he makes mistakes when playing as part of a back four. ‘He has a tendency to lose his marker and is one of those all-or-nothing players — if he doesn’t win the ball in a challenge, then congratulations because you’re in.’MORE: Jermaine Jenas praises Arsenal’s ‘huge’ David Luiz signingcenter_img Metro Sport ReporterThursday 8 Aug 2019 2:12 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link2.9kShares Chelsea fan caught punching David Luiz poster on live TV ahead of Arsenal transfer move Commentlast_img read more

Swapping states for space and savings

first_img“My sister lives in the area and I knew Meecham St … I got my sister to go through and my husband came up for my brother’s bucks party last weekend so he saw it, and I am now here for the hen’s weekend so I was able to bid on it and luckily we got it,” Sarah said.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours ago“We had a massive mortgage (in Sydney), a big looming mortgage over our heads, not much spaces, two little kids that want space so it was a push for space and lifestyle for us.“My sister and brother live here, my parents are on the Sunshine Coast, my husband got a direct transfer with his job, so it was an easy choice.“It is a lot of house for the price compared to Sydney.”The two-storey house has dual living options, with a fully equipped kitchen, living area, bathroom and bedroom on the lower level, plus a study/bedroom. There is also access to the patio and the pool. The view from inside the pool houseUpstairs there are two more bedrooms, including the master bedroom with its ensuite and walk-in robe, the kitchen has a servery window that opens on to the impressive covered deck, a living room and a separate dining area. The house has lots of traditional featuresOutside there is a pool and a pool house. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:44Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:44 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow to bid at auction for your dream home? 01:45A YOUNG family from Sydney will soon swap their small cottage for a sprawling Queenslander in the Brisbane suburbs.They were the highest bidders for 9 Meecham St at Grange, snapping up the stunning four bedroom Queenslander on a 810 sqm block for $1.54 million. 9 Meecham St at Grange sold under the hammer for $1.54 millionSarah, who only wanted to be known by her first name, said their Sydney home was just 190 sqm and had a significant mortgage attached to it, so the extra space for her growing family, plus the reduced financial pressure, would be welcomed.The property, which had been owned by the vendors since 1982, changed hands at auction yesterday, which two of the six registered bidders vying for the house.Led by Ray White auctioneer Phil Parker, bidding opened at $1 million, and was followed by two $100,000 bids and then four $50,000 bids before stalling at $1.4 million. Auctioneer Phil Parker at the Grange house (AAP Image – Richard WaughPrivate discussions between the potential buyers, the vendors and agents saw the highest bid raised to $1.54 milllion, where it was announced on the market and then sold within a matter of minutes.“Raining, nice and cold, but a good crowd turned out and we had plenty of good bidding and a great result under the hammer,” Mr Parker said, saying the vendors, who are downsizing, were happy to meet the market.“They bought a good house.” Grey skies did not keep the 30-strong crowd away (AAP Image – Richard WaughGrange is undergoing a transformation, with many of its grand Queenslanders undergoing extensive renovations. The median house sales has increased 26.6 per cent in the past five years, and is now $917,500, according to CoreLogic.Sarah said she only saw the house the day before, but had been “following” the house and the suburbs for about 18 months.She said they had wanted to make a “treechange” and move from Sydney to Brisbane, keen for a slower pace and a better lifestyle.last_img read more

TORM Profitable in 2017 despite Challenging Market

first_imgDanish shipping company TORM managed to remain profitable in the year ended December 31, 2017, despite a challenging product tanker market.The company’s profit before tax amounted to USD 3 million in 2017, compared to USD -142 million seen in the previous year, while its revenue dropped to USD 657 million from USD 680 million reported in 2016.For the full year 2017, TORM achieved Time Charter Equivalent (TCE) rates of USD 14,621 per day, which were down from USD 16,050 per day reported a year earlier.Despite a healthy consumer-driven demand for refined oil products, the record high clean petroleum product inventory levels globally, which were built up during 2015 and 2016, had a negative impact on the product tanker market in 2017.Inventory drawdown was an overriding theme in 2017, which naturally had a negative impact on product tanker demand. In fact, global stocks of clean petroleum products decreased by a volume equivalent to a loss of potential trade of 4%.“In 2017, TORM continued to execute on its strategic objectives. I am pleased that we were able to grow the fleet through attractively priced vessel acquisitions, complete the US listing in December and finally, in January this year, we raised USD 100 million in new equity for further growth.” Christopher H. Boehringer, Chairman of the Board, said.“Looking ahead, I have confidence in the strength and performance of the TORM platform. With an encouraging market outlook for product tankers, I look forward to reporting on our progress throughout 2018,” Boehringer added.During 2017, TORM acquired six MR resale vessels, two of which were delivered in the third quarter of 2017, and executed newbuilding options for two LR1 vessels for a total consideration of USD 259 million.In addition to the vessel acquisitions, TORM has over the course of 2017 sold five older vessels, including one MR and four Handysize vessels. TORM has also made three sale and leaseback transactions that are treated as financial leases although they have no purchase obligation attached.In December 2017, TORM achieved a milestone by listing its A-shares on NASDAQ in New York. Following the balance sheet date, in January 2018, TORM completed an equity raise of USD 100 million.last_img read more

Bulldogs Tennis Teams Get ‘W’ Over Knights

first_imgThe Batesville Boy’s Varsity Tennis Team defeated South Dearborn 5-0 on Monday to improve their record to 7-0 on the season and 5-0 in the EIAC.#1 Singles- Beau Brown defeated Dalton Ranshaw 6-0, 6-1#2 Singles- Blake Walsman defeated Keaton Ballart 6-1, 6-0#3 Signles- Ben Schwettman defeated Kyle McGaha 6-2, 6-4#1 Doubles- Matthew Taylor and Spencer Rose defeated Ryan Howell and Brett Upton 6-0, 6-3#2 Doubles- Paul RItter and Harsh Patel defated Austin Turner and Adam Niebrugge 6-0, 6-0The JV also defeated South Dearborn 2-0.The doubles teams of Brandon Laker and Jonathan Kunkel won 6-0 and Sam Esser and Will Harmeyer won 6-3.Batesville will play at home against Franklin Co. on Tuesday at 4:30 PM.Courtesy of Bulldogs Coach Mike McKinney.last_img