By Andy Eubank – May 21, 2012 Facebook Twitter Facebook Twitter SHARE Purdue Economist: Summer Gas Prices to be Stable – If… Home Energy Purdue Economist: Summer Gas Prices to be Stable – If… SHARE Previous articleAlmost all Indiana Corn PlantedNext articleCME Group Expanded Trading Begins Andy Eubank Gasoline prices this summer could stay relatively steady provided that an already-tense Middle East doesn’t flare up and nothing else happens to disrupt supplies, a Purdue University economist says.As long as market conditions remain basically as they are now, gasoline likely will remain between $3.50 and $4 per gallon in Indiana, said Wally Tyner, an agricultural and energy economist. Because regional variability in gasoline prices has increased, motorists in California and much of the West Coast can expect to see prices above $4 for most of the summer, and the South and Southeast below $3.65.But Tyner cautions that global instability and disruptions in supply could force prices upward.As always, the political situation in the Middle East and U.S. relations with Iran will play a large part in what motorists pay for gasoline.“Any disturbance in the Middle East or heightening of tensions with Iran could move crude oil up,” Tyner said, “and that would send gasoline higher.”Supply can be interrupted by bad weather, such as hurricanes or tsunamis, or refinery or pipeline outages for other reasons. These can occur domestically and overseas. When they do happen, they often temporarily drive prices up until the disruption subsides, Tyner said.On the other hand, sluggish economic growth, an increase in crude oil production and higher-than-normal crude oil stocks could bring prices down.Recent developments in the economic crisis in Greece and an apparent slowdown in China’s economy could be important to summer’s gasoline prices.“Economic growth or lack thereof is a major determinant of demand for gasoline,” Tyner said. “If growth is slower, gasoline prices will be lower. Growth has slowed in China and in Europe. If that slowdown continues, it would put downward pressure on crude oil and gasoline prices.”Crude oil production worldwide has increased recently beyond global demand, a situation that would drive gas prices down. As production increases, crude oil stocks build to above-normal levels, which also could cause oil prices and, therefore, gasoline prices, to decrease.If none of these situations occurs, prices will remain steady, Tyner said.“While we cannot say how any of these factors will play out in the months to come, they are the key things to watch to determine where the pump prices will go,” Tyner said. “If these factors remain pretty much as at present, pump prices will do the same.”Source: Purdue Ag Communications
August 21, 2017 1,588 Views Increasing home prices aren’t a trend that just the middle and lower classes are experiencing—those in the million-dollar range are noticing, too. In fact, some of those that used to not have million-dollar price tags now do, according to research by Zillow.Zillow examined the distribution of single-family home and condominium Zestimates across 29,991 different ZIP codes starting in 2007, considering areas with more than 10 percent of properties valued at 1 million or more to be a million-dollar area for the year. Compared to the national Zillow Home Value Index, which rests at $200,000, the average million-dollar ZIP had a Zillow Home Value Index of $900,584.In 2007, there were 1,108 ZIP codes (3.77 percent of all examined) that were considered “million-dollar ZIPs”. Though in 2014 that figure had decreased to 958 (3.26 percent), that number has now increased to 1,280 (4.35 percent) as of May of this year. .Property values are a big factor in million-dollar ZIP codes, with many concentrated in coastal markets. According to Zillow, of the 346 ZIP codes that were considered million-dollar ZIPs, 114 (32.9 percent) are on the West Coast in Seattle, Washington; Portland, Oregon; San Francisco, California; San Jose, California; Los Angeles, California; and San Diego, California. On the East Coast, New York, New York; Boston, Massachusetts; Miami, Florida; and Washington, D.C. made up another 92 new million-dollar ZIPS (26.6 percent).However, Zillow explained that this growth is furthering the divergence in affordability between costal and interior cities. “Tech hubs” are largely considered million-dollar ZIPs with San Francisco (74 percent) and San Jose (77 percent) leading the way leaving other coastal ZIP codes to catch up. Seattle, for an example of a tech hub, has almost doubled it’s million-dollar ZIP codes from 2007’s 19 ZIP codes to now 38, which is 24 percent of the areas total ZIP codes.To see the full article and take a look at your specific metro, click here. Tagged with: Home Prices Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] About Author: Brianna Gilpin The Best Markets For Residential Property Investors 2 days ago Related Articles Share Save in Daily Dose, Featured, Market Studies, News Previous: Freddie Mac is ACE Next: 2017’s Hottest Neighborhoods for Homebuyers Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Million Dollar ZIPs The Best Markets For Residential Property Investors 2 days ago Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Million Dollar ZIPs Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Home Prices 2017-08-21 Brianna Gilpin
Read Full Story The federal Supplemental Nutrition Assistance Program (SNAP) has failed to boost the nutritional value of food purchased and consumed by recipients or to improve food security (ensuring participants have food to meet household needs), according to a new study by Harvard School of Public Health (HSPH) researchers. New policies, programs, and nutrition education initiatives are needed to encourage SNAP participants to buy more fruits, vegetables, and other healthier choices instead of choosing less-healthy options such as sugar sweetened beverages, sweets, and highly processed grains, to improve their health and well-being.The study was published online in the November 18, 2013, Journal of Nutrition Education and Behavior and will appear in the June/July 2014 print edition.Formerly known as the Food Stamp program, SNAP is designed to provide financial support to low-income people so they can purchase healthier foods. The program costs U.S. taxpayer $80 billion annually and, in 2012, served nearly 45 million people. The benefits can be used to purchase all foods, except alcohol, supplements, and prepared warm foods.
The daughter of Authorized notched up her first Group One win in this contest 12 months ago and has continued in great form, running well against the colts in Dubai and making the frame in the Coronation Cup at Epsom. “She’s in great form. She came out of Epsom really well. It was a really good run there and was probably almost a career best after Dubai,” Varian’s assistant David Eustace told At The Races. Roger Varian’s Ambivalent is one of 15 fillies and mares in contention for the Newbridge Silverware Pretty Polly Stakes at the Curragh on Sunday. Press Association “Ground doesn’t seem to be an issue with her this year. We thought she was best on fast ground, but it was good to soft at York when she won. “She’ll go there with a good chance of winning the race again.” Other possible runners from Britain include Charlie Hills’ Just The Judge, a late withdrawal at Royal Ascot, Roger Charlton’s Thistle Bird and John Gosden’s unbeaten Pomology. Aidan O’Brien’s Venus De Milo, narrowly beaten in the Irish Oaks last year, looks the main Ballydoyle contender. O’Brien could also be represented by Marvellous, Palace, Peace Burg and Terrific. David Wachman’s Lahinch Classics was narrowly beaten by Epsom third Volume at Newbury, while Eddie Lynam will be hoping his good run continues with Pearl Of Africa, and John Oxx could run Harasiya. Along Came Casey, Euphrasia and Avenue Gabrial, fourth in the Irish 1000 Guineas, complete the list.
Don’t let Fortuna’s recent successes fool you into thinking its run over the last two years has been anything but truly special, and rare.Fortuna, winners of its last nine consecutive playoff games including a Division 5-A state championship title a year ago — the first in program history — has become the standard of constancy and postseason success on the North Coast, so much so that it’s hard to remember a time when the Huskies weren’t one of the top teams in their section.The Huskies’ …
Qantas’s new free wi-fi will debut on one of its domestic Boeing 737-800s next week but it will be the second half of the year before another plane similarly equipped plane joins itReal-world tests on the airline’s system have produced download speeds for individual passengers of between seven megabits-per-second (Mbps) and 12 Mbps. A smart TV running at 3-4 Mbps comfortably displays streaming service Netflix in high definition without buffering.The airline had already signed up Netflix, Foxtel and music service Spotify as partners and announced Monday that local service Stan would join the fold with an offer of a 90-day subscription that will be included in the fare.Passengers flying on the airline’s wi-fi enabled B737 will receive a code that will allow them to log-in to Stan’s library of films and TV shows on the plane and on the ground using up to three devices during the three-month period.The partner content will be available from mid-April after the wif-fi system goes online for customers next week. Qantas is using the faster Ka band technology, rather the Ku band system that passengers have found frustrating on some airlines, accessed through the NBN’s Sky Muster satellites. The airline has stress tested it under a full load and says it will be 10 times faster than the slower system.The airline said one of the reasons there had been so much testing was that it was working to reduce lag and buffering.“It’s quite a technical thing to do when you are trying to maintain a constant, high-bandwidth connection with a satellite as you’re travelling at 900 kilometres per hour,’’ the airline said in a statement.“Even when we switch Wi-Fi on for customer use, we know there’s still more fine-tuning for us to do. “That’s why we’re deliberately waiting about six months before rolling it out to the rest of our domestic A330 and B737 aircraft.’’The B737 will operate mainly on East Coast routes and the service is expected to be available on the entire domestic fleet some time in 2018.Meanwhile, the airline is calling on tech firms to help with its innovation program through a new initiative called AVRO Accelerator. Named after the airline’s first aircraft, the program gives start-ups a chance to work with Qantas Group mentors on ideas to streamline the travel experience, design smarter ways of working, unlock the potential of new technologies and help solve business problems.Up to 10 teams will ultimately be chosen for the 12-week program which was designed in partnership with Australian corporate accelerator Slingshot.“Customer needs keep evolving and the limits of technology are constantly expanding, so there is a clear business imperative for us to find new ways to improve how we operate,’’ Qantas chief executive Alan Joyce said.“We’re looking forward to opening up our doors to ideas that are different, challenging and truly innovative. Ideas that could benefit from the expertise and scale at a company like Qantas to refine them and make them a reality.’’The program will look at areas such as creating seamless journeys, building connected platforms and ways of making the airline more efficient without impacting safety.
MONTREAL – SNC-Lavalin Group Inc. has moved further from its troubled past by settling two class action lawsuits worth a total of $110 million over allegations of misleading investors about its activities in Libya.The company said it will contribute $88 million to the settlement of the cases in Ontario and Quebec. The rest will come from its insurance, said Michael Robb of Siskinds LLP, the lead lawyer of the claim. The agreement is subject to court approval.The settlement amount is far from the $1.25 billion initially claimed by investors who bought SNC-Lavalin shares before they plunged in 2012 after the company announced an investigation into millions in undocumented payments and said its 2011 earnings would be less than expected.“The reason $110 (million) is the number in the settlement is that having gone through litigating the case vigorously for six years and gone through a lot of evidence and procedure, that’s the amount the parties negotiated as a fair and reasonable compromise of this case,” Robb said in an interview from London, Ont.The net amount to be distributed will be calculated after legal fees are deducted, which Robb said would be “significantly less than half” the total settlement.The court will determine the appropriate amount and set up a distribution procedure at hearings expected to take place this fall in Ontario and Quebec.The proceeds will be distributed to investors from anywhere in the world who provide proof that they purchased SNC-Lavalin shares between November 2009 and February 2012.The lawsuits were among the consequences of alleged payments made by SNC-Lavalin to members, associates and agents of the regime of late Libyan dictator Moammar Gadhafi to secure contracts for infrastructure projects in Libya.The company said it has since initiated a series of significant changes and enhancements to reinforce its ethics and compliance procedures.“The class action lawsuit settlement is another step in resolving our legacy issues and de-risking the future of SNC-Lavalin,” the Montreal-based firm said in a news release.SNC-Lavalin also signed an administrative agreement under the federal government’s new Integrity Regime in 2015, reached an agreement with the Commissioner of Canada Elections and with the Ordre des ingenieurs du Quebec in 2016, and reached a settlement with Quebec’s Voluntary Reimbursement Program in 2017.Industry analysts called the settlement a positive outcome for the company.Yuri Lynk of Canaccord Genuity said the settlement amount is “manageable” given that the company had $647 million of cash on hand at the end of March.“We believe, based on our conversations with investors, that the expectation for a settlement was between $150 million and $250 million,” he wrote in a report.“This is the penultimate step towards putting the legacy issues behind the company and removes yet another overhang.”Lynk said the final step will be the settling of outstanding federal charges against the company through a deferred prosecution agreement. He pegged that settlement will likely cost around $300 million.Derek Spronck of RBC Capital Markets added that momentum is building for everything to come together for SNC this year.“The class action lawsuits are being settled, the federal government is moving ahead with a DPA regime, the Champlain Bridge is tracking to targets, and the company has won several multi-billion dollar infrastructure projects.”Follow @RossMarowits on Twitter.Companies in this story: (TSX:SNC)
DAWSON CREEK, B.C. — The City of Dawson Creek says it will be working with stakeholders going forward after a report to City Council found that half of the building square footage in Collins Exhibition Park should be torn down.In a release on Thursday, the City explained that it has been exploring the possibility of adopting a Sports Event Tourism Model for the benefits it could provide to the area economy. As part of this initiative, an assessment of City-owned facilities was completed to look for any current opportunities that could enhance the Model.While looking at the opportunities, the City said that concerns were identified at Collins Exhibition Park after Force Engineering Group Inc. was hired to complete an assessment. The report indicated to Council that several of the structures within the Park have reached their end of service life and can no longer be used. “Our report concludes that approximately one half of all the structures (by area) reviewed have reached their end of service life structurally, or pose a significant risk that they cannot, by building code mandates, justify continued use or operation.We recommend that due to the hazard level, the seven stables numbered 7.1 through 7.7 be placarded against further use, and demolition of structures commenced as soon as practical,” reads the report.City Council says it has met with the Dawson Creek Exhibition Association and the Dawson Creek & District Stables and Arena Association to review the engineers report and will continue to work with these user groups to explore possible options going forward.“We recognize the importance of the events that take place at the Exhibition Park, and we will continue to work with the groups to ensure its long term viability,” said Mayor Bumstead.The 2018 Building Structural Assessments Report is available for review below.
Istanbul: President Recep Tayyip Erdogan heads into local elections Sunday fighting for what he says is Turkey’s survival, with his party risking defeat in the capital amid an economic slowdown. Erdogan and his Justice and Development Party (AKP) have won every vote since the party first came to power in 2002 but this time, analysts say the party could lose Ankara and even Istanbul. It is the first municipal poll since Turks approved constitutional reforms in 2017 to create an executive presidency that gave Erdogan wider powers, and follows general elections last year. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USBut Erdogan, whose ability to win continuously in the ballot box is unparalleled in Turkish history, is more vulnerable with the country’s economy in recession, unemployment up and inflation in double digits. Much of the AKP’s success has been down to his perceived economic prowess, but days before the vote, the Turkish lira has been sliding again, provoking memories of the 2018 currency crisis that badly hurt Turkish households. Erdogan, who is aware of his potential weakness and was previously the mayor of Istanbul, has campaigned across Turkey every day though he is not on the ballot. Also Read – Record number of 35 candidates in fray for SL Presidential pollsSince Friday, he has held more than a dozen rallies in different Istanbul districts. Voters are to elect scores of mayors, municipal councils and other local officials. Polls open at 0400 GMT in eastern provinces and 0500 GMT elsewhere in the country. “Citizens are suffering because of the economic problems,” Dervis Dikmen, 60, told AFP at an opposition rally in the southern city of Mersin. “Citizens cannot buy anything.” “I’m a trader, I’m retired but I’ve never seen a downturn like this,” he said. For his supporters however, Erdogan remains the strong leader Turkey needs and they tout the country’s economic development in the decade and a half that he and the AKP have been in power. But rights activists and even Turkey’s Western allies say that under his leadership the government has steadily eroded democracy, especially after a failed 2016 coup that led to tens of thousands of people being arrested. The vote will be the first time since 2002 that the AKP is fielding candidates with its alliance partner, the right-wing Nationalist Movement Party (MHP). The opposition pro-Kurdish Peoples’ Democratic Party (HDP) has refused to field candidates in several cities, saying the elections are unfair. Some of its leaders have been jailed on terror charges, accusations they reject. Critics say that with most media either pro-government or controlled by Erdogan supporters, opposition parties campaigned at a disadvantage because Erdogan’s rallies dominated TV coverage. For Gareth Jenkins, a non-resident senior research fellow at the Silk Road Studies Programme, regardless of what happens on Sunday, “it has been several years since we have had anything resembling a fair election in Turkey. “What has happened during the campaign for Sunday’s local elections is unprecedented and demonstrates that — unlike during its first years in power — the AKP is no longer confident of being able to win a fair election. And it is almost certainly right.” The AKP aims to win Istanbul and Ankara, with Erdogan fielding his ex-prime minister and loyalist Binali Yildirim for the country’s biggest city and economic hub. But in Ankara, Mansur Yavas — candidate for the opposition Republican People’s Party CHP and the nationalist Good Party — might have a stronger chance of winning, according to recent polls. Looking to rally conservative Turks, Erdogan’s message targeted opponents as enemies of the country, tying them to PKK Kurdish militants. But with inflation at just under 20 per cent and unemployment at a near 10-year high in December, he has also sought to reassure voters the economy is under control. “I am the boss of the economy right now as the president of this country,” Erdogan told a rally on Saturday. “We are in charge of the economy.” He has described the lira’s fluctuations as part of a plot led by the United States to “corner Turkey”. Ayse Ayata, a political science professor at Middle East Technical University, said that after the vote, “the economy will take precedence and there will certainly be significant austerity measures”.