Paramount Foods goes into administration

first_imgOperations at a Cheshire-based pizza manufacturer have been suspended by administrators following a key supermarket contract loss.Paramount Foods, a business that stemmed from Dutch-based food manufacturer Vion, has gone into administration after losing a contract with Morrisons, believed to have accounted for around 40% of its turnover.The insolvency of the company is being handled by Sarah Bell and David Whitehouse of Duff & Phelps’ Manchester office.Whitehouse said: “While the company has incurred trading losses historically, the recent loss of a major customer has left it without any prospect of returning to profitability in line with a turnaround plan embarked upon in July this year.”Discussions about the future of the business are now taking place with customers to find a suitable buyer for part or the whole of Paramount Foods. Duff & Phelps has asked for interested parties to come forward and get in contact.The food business, which has 450 employees, creates pizza bases at a bakery manufacturing site in Salford, which are finished at a second location in Deeside.last_img read more

Tracy Letts Wanted Benedict Cumberbatch & Ewan McGregor Out of August: Osage County

first_img View Comments Directed by John Wells, the ensemble cast of August: Osage County is led by Meryl Streep and Julia Roberts, who both received Academy Award nominations for Best Actress and Best Supporting Actress, respectively. In addition to Streep, Roberts, Cumberbatch and the Broadway-bound McGregor, the cast includes Chris Cooper, Abigail Breslin, Juliette Lewis, Margo Martindale, Dermot Mulroney, Julianne Nicholson, Sam Shepard and Misty Upham. The film, which is still in theaters, has grossed more than $26 million at the U.S. box office. Star Files Hollywood producer Harvey Weinstein deserves credit for asking Tracy Letts to adapt his own play August: Osage County for the film version. We don’t think anyone else would’ve been able to keep the venomous hilarity of the Weston family fully intact in the Pulitzer Prize-winning black comedy. Yet, Letts and Weinstein did butt heads over one thing during the making of the movie—the casting of Benedict Cumberbatch and Ewan McGregor. According to the London Evening Standard, Letts did not want a British invasion in his Southern-cooked American masterpiece.center_img Letts, who won the 2013 Tony Award for his performance in Who’s Afraid of Virginia Woolf? and will soon be back on Broadway in The Realistic Joneses, grappled with McGregor and Cumberbatch being cast in the film because he thought it might send “the wrong message.” It seems Letts was worried about casting “international” actors in the “profoundly American” story, which follows a family in Oklahoma. However, the celebrated writer conceded that he was “glad [he] lost the fight” with Weinstein and admits that McGregor and Cumberbatch “both do a great job” in their roles as Bill Fordham and Little Charles, respectively. Tracy Lettslast_img read more

It all comes down to cost, analysts argue: Carbon capture simply too expensive

first_img FacebookTwitterLinkedInEmailPrint分享OilPrice.com:Coal usage continues to fall, and the coal industry wants to do something about that. So does the Trump administration. Their proposed solution to the problem of waning coal usage is carbon capture and sequestration (CCS)—a technology that has been around for a long time.The basic idea behind CCS is to remove the carbon dioxide from the exhaust stream after burning the coal. Then the “captured” CO2 can be redirected. But in the US, the Southern Company and others attempted to develop an additional process. Their ultimate goal was to use cheap and plentiful Mississippi lignite and convert it chemically into clean-burning synthetic gas. The CO2 produced from combustion would also be captured. One actual use is to pump CO2 into older, less productive oil field reservoirs to enhance oil recovery. One suggestion is to replace the oil with CO2 storage after the field has been depleted.Abroad, the giant coal miners (as opposed to the smaller American ones that have been skirting bankruptcy) launched Coal21 in Australia (where coal mining is a huge business) to do research and lobbying. The International Energy Agency argues that half the world’s coal-fired power plants are under 15 years in age, so sequestration will be required in order to reduce the world’s carbon emissions (one-third of which are from burning coal).Leaving aside the question of whether past (not fully depreciated) power plant investment should influence future decisions (the sunk cost issue), the real policy question is: what are we doing—limiting greenhouse gas emissions at the lowest possible cost or saving the coal industry?The problem simply is that electricity produced by coal-fired plants using the latest CCS technology is several times the cost of other existing carbon-free technologies. With respect to a commodity product like electricity, these numbers are politically and financially untenable. To overly simplify, coal is already losing on price to wind. The CCS advocates propose to double the price of coal (from about 3 to at least 6 cents per kWh).At the end of the day, sequestration technologies fail to answer a simple question. Why add sequestration technology and the attendant costs when coal is already becoming increasingly uncompetitive as a boiler fuel relative to wind (which only costs 2 cents/kWh to produce)?More: Coal’s last hope: Carbon capture tech It all comes down to cost, analysts argue: Carbon capture simply too expensivelast_img read more

Winning back deposits

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Jennifer Laud Jennifer is a credit union marketing consultant and the owner of Jennifer Laud Consulting. She has a background in strategy and a passion for positioning credit unions to find their … Web: www.jlaud.com Details For years we’ve been talking about loans, loans, and more loans. Thanks to carefully crafted products, promotions and incentives, we’ve gotten pretty good at encouraging our members to borrow with us. Now, some of our credit unions are hitting the point of being loaned out and struggling to find the best way to entice deposit dollars without squeezing margins in a rising rate environment.If your marketing team is tasked with getting deposits to flow back in, it’s time to brush up on ways to deepen relationships and get members to save. Get your head back into savings mode with these four launching points. Pinpoint Your Members with DepositsWhen you’re trying to get more deposits, the logical first step is to identify which of your members have money available. You can break this category up into the members who are currently saving with you, and those that likely have money to move into your credit union. Work on maintaining relationships with members who are utilizing your Money Markets, CDs, and IRAs. That can be accomplished through interactions with your staff, marketing communications, and relationship pricing and perks. For members who likely have more to deposit, you can focus your business development and marketing on showing them your mission and all the value that you have to offer when they utilize more of the credit union’s services.You may start by looking at your older members who are out of their borrowing years, but also consider high-earning singles, couples and families who are saving for down payments, education, and rainy days. It’s generally more expensive to attract and onboard a new member than it is to keep an existing member, so don’t let yourself grow complacent with existing deposits. For new members, let them know what makes you unique and make it easy for them to get on board.Dominate Your Niche and Build LoyaltyGaining additional business with members and nonmembers is all about building loyalty. Consider what makes your credit union truly unique – the things that get members excited about doing business with you. Then, think about the niche that you want to dominate within the financial services industry and how you can use your business model to carve out your space.When you talk to your audience, you want it to be clear what kind of experience and products a person will find when they interact with you. That helps set the expectation and attract people who are a good fit. Then, building the relationship becomes much easier. Remember to connect with your audience on more than your product, as emotional connections are stronger than just a love for your account or pricing. You may even find that talking about awards, initiatives and charitable giving is more effective in gaining member’s complete portfolio than talking about each account individually. Make it Easy to Move by Breaking Down BarriersWhen’s the last time you took a look at the process for switching to your credit union? If it’s been a little while, try mapping out the journey that a person takes when they are joining your credit union or opening an account. What you’ll undoubtedly find is at least one place where you can improve the process. Look for barriers that you can break down through process improvement. Also look for places where you can enhance the excitement of opening an account. Naturally, people tend to dwell on the pain points and more easily forget the high notes. You can make the most of the good feelings you’re generating with a new member by creating even more relationship-building moments and cutting out hassles.Be Deliberate with Your PipelineYou can achieve small wins with promotional offers, but a more holistic view is better for long-term success. Consider the entire buyers journey when you’re crafting marketing campaigns so you reach people wherever they are: awareness, consideration, or decision.Talk to people throughout the process and become really good at having conversations. That means reaching your audience where they normally spend their time, either in-person or digital, and crafting a message that helps them make their best financial decision. Follow ups and calls to action help you nudge them along until they are ready to buy in.Major life cycle changes such as moving, having a child, or changing jobs, continue to be great opportunities for picking up new accounts. Since it can be hard to predict when these disruptions will happen, you can consistently talk about how you help members during these changes with targeted groups who will likely be in a similar situation.Get StartedEvery audience and credit union is different, so take these ideas and adjust them for your specific needs. Don’t be afraid to test ideas with small groups of your members to see what is the most effective before launching larger campaigns. If you focus on your unique advantages and work on building relationships with the right audience, the deposits will come. last_img read more

Albertson Man Admits to $30M Fraud

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York An Albertson man has admitted to stealing $30 million from a bank over a five-year span while he was the chief financial officer of a Brooklyn-based energy company.Thomas Torre, the ex-CFO of Metro Fuel Oil Corp., pleaded guilty Wednesday at Brooklyn federal court to a charge of conspiracy to commit bank fraud.“Through his deceit and trickery, Torre defrauded New York Commercial Bank in an amount exceeding $30 million,” said Kelly Currie, acting U.S. Attorney for the Eastern District of New York.Prosecutors said the 63-year-old man schemed to overstate Metro Fuel’s accounts receivable in order to draw from a revolving line of credit issued by the bank from July 2007 to July 2012.He and others allegedly misrepresented the true accounts receivable by deliberately failing to account for the cash payments received from customers and by creating fictitious invoice amounts, authorities said.Metro Fuel filed for bankruptcy in September 2012 when company could no longer pay its bills. The company owed the bank more than $30 million by that time.Torre faces up to 30 years in prison, plus fines.last_img read more

Big Brother’s Rachel Reilly, Brendon Villegas Reveal Newborn’s Name

first_imgVillegas, 40, announced the birth of their son on Wednesday via Twitter. “Thank you for all the well wishes for Rachel and the baby. Rachel and our baby boy are both healthy and doing well. They are recovering at UCLA,” he wrote. “I am sure it will not be too long until Rachel shares some pics, but I will leave that up to our momma warrior. No name as of yet!”The couple — who tied the knot in September 2012 — shared the news in May that they were expecting a second child.- Advertisement – “At one point I was on oxygen and it lasted longer than my birth with Adora,” she explains. “Almost 15 hours he did not want to come out of the womb. Brendon was really supportive and my rock the whole time. He encouraged my breathing and my labor positions and helped me when I didn’t think I could keep going. He was an amazing partner and has been so helpful.”Reilly says her daughter has adjusted to having a younger sibling and has been “so helpful” and “very protective” of her little brother. The reality star admitted that she and Villegas, 40, haven’t been “sleeping at all” with a newborn under their roof, but they’ve loving every minute of it.“Our little Adler is such an amazing addition to our family. We can’t wait to get to know what his personality is going to be like,” she said, adding, “Our hearts couldn’t be more overjoyed and full.”- Advertisement – Introducing the latest addition to the Brenchel family! Rachel Reilly and Brendon Villegas exclusively revealed to Us Weekly the name of their newborn after welcoming their second child earlier this week.Reilly, 36, tells Us that her son’s name is Adler Mateo Villegas, who joins the Big Brother alums’ daughter Adora, 4. The North Carolina native— who gave birth to her infant on Wednesday, November 11 — also detailed her “super hard and scary” labor.- Advertisement – “We have a lot to celebrate this year,” Reilly wrote in a Mother’s Day Instagram post. “As a mom, it’s my day to celebrate Adora & OMG baby #2!! I can’t believe I’m pregnant!”Villegas, for his part, shared a photo of their daughter holding an ultrasound picture. “We’re having another baby and couldn’t be happier,” the California native captioned the picture.Scroll down to see photos of Reilly and Villegas’ newborn son. – Advertisement –last_img read more

What J.R.R. Tolkien can teach us about life after Trump

first_imgThe sooner we begin, the sooner we may say along with Sam’s old Gaffer, “All’s well that ends better!”   McConnell may be right—indeed, he may continue to do damage even as we work to correct it—but we must undertake it just the same. And Tolkien provides us with insight into the way that work must be accomplished: with determination, but also with compassion. Frodo, as leader of the free hobbits, forbids violence against his fellow hobbits “even if they have gone over to the other side. Really gone over, I mean, not just obeying … because they are frightened.” He cautions that “it is useless to meet revenge with revenge: It will heal nothing.” Compare this to Joe Biden: “We must stop treating our opponents as our enemy. We are not enemies. We are Americans.”  Like Trump’s MAGA minions, Saruman’s thugs—hobbit, half orc, and human alike—demand respect but deserve none. What they do deserve, Frodo knows, is the chance to change—with consequences if they choose not to. “Do not kill him even now,” he instructs Sam after the disgraced Wizard has just attempted to stab him with a dagger.  “He was great once, of a noble kind … He is fallen and his cure is beyond us, but I would still spare him, in the hope that he may find it.” But Saruman’s pride, like Trump’s, prevents conversion. “All my hopes are ruined,” he tells Galadriel in an earlier chapter, “but I would not share yours.” And Frodo has no compunctions about driving him and his henchmen out of town—as we must have none about driving out the recalcitrant Trump and his goons if they refuse to go in peace.  When first apprised of Sauron’s fall and the success of the Quest, Sam wonders, “Is everything sad going to come untrue?” In “The Scouring of the Shire,” Tolkien has Sam provide his own answer: “I shan’t call it the end,” he says, “till we’ve cleared up the mess. And that’ll take a lot of time and work.” That work is now our work. To quote Joe Biden, “The work of making this vision real is the task of our time.”  – Advertisement – Nor have we rid ourselves of the scourge of Trumpism. On the contrary, Trumpists still occupy the top positions in government and have not acceded to the lawful transfer of power. High-level elected officials remain complicit. Trump loyalists have been installed in our judiciary and our career civil service. Armed militias threaten violence. And millions of our fellow citizens have thrown their lot in with the corrupt and immoral Trump regime.  Tolkien understood that the aftermath of evil is not sudden good, but rather a long, hard, unglamorous slog towards normalcy and decency. And he understood that even this menial work would face resistance from the spiteful vanquished. “I have already done much that you will find it hard to mend or undo,” smirks Sharkey/Saruman to Frodo upon realizing he is defeated. Compare this to Mitch McConnell upon the confirmation of Amy Coney Barrett to the Supreme Court: “A lot of what we’ve done over the last four years will be undone sooner or later by the next election. They won’t be able to do much about this for a long time to come.”    – Advertisement –center_img – Advertisement –last_img read more

Research: Visitors feel that Istrian destinations invest enough in sustainability

first_imgOne of the main activities of the “MITOMED +” project includes the observation and monitoring of tourism data indicators to measure the sustainability of tourism activities and their economic, social and environmental impacts on coastal destinations. Namely, this is a research conducted within the project “MITOMED +“Which is co-financed by the European Regional Development Fund. The focus of the project is on improving public policy for sustainable development, developing action plans and common planning tools and transferring practices between the Mediterranean regions and the European Union. The main purposes of their visit are rest, free time and recreation, and the primary characteristics for which they chose the destination are the beaches, clean sea, nature and landscape, peace and quiet and accessibility. The project is divided into two phases. The first relates to the testing of a set of indicators through a tool for statistical indicators that assesses sustainable forms of tourism and the implementation of the model “Green beach“In partner regions through two pilot activities. The testing phase includes fifteen destinations located in four countries and five different regions – Istria, Andalusia, Catalonia, Cyprus and Tuscany. The second phase involves the inclusion of results in regional policies and their dissemination to other Mediterranean countries and the European Union. The Institute for Tourism of the Institute of Agriculture and Tourism conducted a survey in Poreč, Novigrad and Labin and Rabac in 2018, which showed numerous habits, but also the opinions of tourists about these destinations. The research presented interesting results, and Brščić and Šugar singled out several interesting and important conclusions. Namely, most of the respondents are German, Italian, Austrian, Croatian, Slovenian and Czech tourists who have visited the destination before or learned about it from friends or relatives. Most of them visited the destination several times, and on average they spent about nine nights there. The daily consumption of most respondents is between 51 and 200 euros, depending on the destination. The research was conducted by Kristina Brščić and Tina Šugar from the Institute of Agriculture and Tourism. “The research was conducted to test certain indicators of sustainable tourism in these destinations”, Brščić emphasized and added:”The presentation of the research was presented to the project partners in February 2019. The same survey was conducted in 2017 on a larger sample.” The survey was conducted on the beaches in Poreč, Novigrad and Rabac from July to September 2018 on a sample of 917 respondents. Respondents are satisfied with the destinations, especially the cleanliness of the destination and the quality of accommodation. Also, most feel that destinations are investing enough in sustainability-oriented initiatives.last_img read more

From now on, apartments on the island of Vir can be paid in cryptocurrencies

first_imgWith ninety-six apartments that have recently been offered the possibility of advance payment and reservation of accommodation via cryptocurrencies on the Slovak blog Vir Island, and given the size of the island, population and number of accommodation units, Vir has become one of the world’s leading providers of crypto services. Source / photo: Vir Tourism; Pexels Cryptocurrencies, known as virtual or digital currencies, exist only online; they have not been issued, nor are they supervised by any central bank. Bitcoin is the most famous cryptocurrency, also known as digital gold, and is globally accepted for online payments. Today, several bitcoin ATMs also exist in Croatia – in Zagreb, Split and Rijeka, and the popularity of using bitcoin is also contributed by entrepreneurs, such as Virco, who accept it in online payments for tourist accommodation or other services. Ms. Miriam is the most influential Slovak woman from Vir and the promoter of Vir in Slovakia and the Czech Republic, so through her work and bringing the Travel Channel television team to Vir, the island has a thriving Slovak tourist market. Vir influencer and blogger is also a Slovak and Czech association of apartment and apartment owners on the island of Vir, some of whom have already started receiving payments for payments in cryptocurrencies BTC, BCH, LTC, ETH and USDC. According to Arbolet, the service is connected to the Coinbase Commerce system, whose user interface is simple, intuitive to use and above all easy to understand. “I’ve been thinking for a long time about the possibility of paying with cryptocurrencies, but I didn’t know the area well enough. Mr. Václav helped me the most”, Says Ms. Miriam, thanks to which accommodation in Vir can now be paid for in cryptocurrency, ie by booking through her blog Island Vir. These 96 apartments paid in cryptocurrency represent 2,51 percent of the total Vir accommodation capacity of 3.819 accommodation units. In fact, the percentage in foreign exchange is higher because the number of apartments is an absolute number of one hundred percent occupancy with payment by card or cash, which means that the share of cryptocurrency in foreign exchange by the summer season will certainly be even higher. Apart from the fact that cryptocurrencies are used for online payments, they are traded like any other currency. Thus, the value of bitcoin nine years ago was $ 0,003, and last year it was more than $ 9.000. Today, there are hundreds of other cryptocurrencies and new ones appear almost every day. Some survive and grow, some die out, but the growth of the crypto market is steady. That is why more and more online stores are offering cryptocurrency payments, while digital wallet owners want offers in which they can exchange their cryptocurrency units for products or services. This story was recently published by the Czech portal Arbolet, whose online team provides consulting and work services in the crypto market. Their member Václav got in touch with Miriam Kelečić, who edits the blog and mediates in renting apartments in Vir to tourists from Slovakia and the Czech Republic, so the island’s crypto market is almost immediately open to members of this large community.last_img read more

China quarantines 94 people on Seoul flight after 3 show fever

first_imgTopics : China quarantined 94 air passengers arriving from Seoul after three people on the flight were discovered to have fevers, state media reported Wednesday.The three passengers, all Chinese, arrived in the city of Nanjing on Tuesday morning and were discovered after customs personnel boarded the aircraft on landing to screen passengers for symptoms, Chinese state broadcaster CCTV said.The three were immediately sent by ambulance to a hospital for isolation and testing, while 94 people who had sat near them on the plane were sent to a hotel to be quarantined, CCTV said. None of the three people with fevers had any history of travel to Wuhan, the city where the outbreak originated.South Korea is among the countries that have reported a surge in cases in recent days even as the number of fresh cases declines at the epicenter of the disease in China.Seoul reported the country’s 11th death from the virus and 169 new infections Wednesday, taking its overall tally to 1,146 cases — by far the largest tally outside China.Most of China has been placed under travel restrictions since late January, with hard-hit Hubei province under virtual quarantine, and local governments have required travellers from other parts of the country to submit to health checks and quarantines.center_img But China has become increasingly wary of arrivals from outside the country, with Qingdao, a coastal city across the Yellow Sea from South Korea, announcing Monday that arrivals from abroad must now quarantine themselves for 14 days. last_img read more