FERC’s commissioners in bipartisan agreement: Trump’s grid emergency is false FacebookTwitterLinkedInEmailPrint分享Associated Press:Federal regulators on Tuesday disputed the Trump administration’s claim that struggles facing the coal and nuclear industries threaten the reliability of the nation’s power grid.“There is no immediate calamity or threat,” the Republican chairman of the Federal Energy Regulatory Commission told Congress. Existing power sources are sufficient to satisfy the nation’s energy needs, FERC Chairman Kevin McIntyre added.Four other commissioners from both parties agreed there is no immediate threat to the grid. The comments before the Senate Energy and Natural Resources Committee contradict a recent White House directive ordering action to keep coal-fired and nuclear power plants open as a matter of national and economic security.“I think reliability has been protected and I am confident it can continue to be if we are vigilant about any localized issues,” said commissioner Cheryl LaFleur, a Democrat and former FERC chair.Sen. Martin Heinrich, D-N.M., asked LaFleur and other commissioners whether any of them believe the U.S. is facing “an actual national security emergency” as President Donald Trump claims. None answered yes.Commissioner Robert Powelson, a Republican, warned that Trump’s June 1 directive imploring Energy Secretary Rick Perry to take immediate steps to bolster coal and nuclear plants threatens to “collapse the wholesale competitive markets that have long been a cornerstone of FERC policy.” A plan being considered would direct regional transmission operators to buy power from coal and nuclear plants for two years to ensure grid reliability and maximize domestic energy supplies.More: Energy regulators: No grid emergency to justify coal bailout
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York National Weather Service forecasters warned that although they predict the 2014 Atlantic Hurricane Season starting next month will be normal, coastal residents remain at risk for a potential big storm like Sandy.Officials urged residents of the East Coast, including Long Island, to prepare for the worst and not be lulled into complacency by the “near or below normal” outlook for the hurricane season, which starts June 1 and ends Nov 30. The season peaks in September.“It only takes one destructive storm to make for a very bad season,” Kathryn Sullivan, administrator of the National Oceanic and Atmospheric Administration (NOAA), told reporters during a news conference Thursday. “Whatever the probabilities are, one storm can wreak tremendous havoc.”The agency’s meteorologists predicted eight to 13 tropical cyclones, three to six of which may strengthen into hurricanes, with one or two of those reaching major hurricane status—a category-three storm with 111-129 mph sustained winds capable of snapping trees and devastating homes.Experts said that several factors are at play in their seasonal forecast. While the Atlantic is in the midst of a hurricane-prone part of a multi-decadal cycle, the sea-surface warming weather pattern known as El Niño is expected to suppress tropical cyclones from gaining wind speed. They noted that the outlook is of expected hurricane activity, not the impact of predicted storms.That’s why Federal Emergency Management Agency (FEMA) officials joined forecasters at the press conference to remind residents of hurricane-prone areas that they should heed the lessons of Sandy to have a plan, pack essentials and not ignore orders to evacuate their homes.“There should be no one that doesn’t understand if they’re in a danger zone,” said Joseph Nimmich, FEMA associate administrator for Response and Recovery. “There is not one of us that can withstand the surge and protect their house when it is under attack by nature.”While hurricane categories rank storms on wind speed, it is often the storm surge—hurricanes causing ocean water to rush over land—that claims the most lives. To help local officials and residents better prepare for storm surges, the National Hurricane Center will create the first-ever Potential Storm Surge Flooding Map warning maps this season.“During Sandy, Staten Island, Rockaway and the South Shore of Long Island were slammed with a storm surge that had all the power and fatal results of a tsunami,” U.S. Sen. Charles Schumer (D-NY) said in a news release announcing the new maps. “We all saw the devastating impact a storm surge can have, which is why these new storm surge maps and warning systems that highlight the life-threatening risk of remaining within these vulnerable areas during a storm are so essential.”
2:13 “I’m here to help the team score goals and win games. So in the end, of course, I was frustrated and disappointed that someone questioned my professionalism.“I am very committed and I am happy to help the team win yesterday. That’s the best way to react. Highlights from the Scottish Premiership match between Motherwell and Celtic Elyounoussi explained he had been looking at the other group game result between AC Milan and Lille and, speaking after the Premiership match at Fir Park on Sunday, he moved to draw a line under the issue.“What I have to say is that no one should question my commitment to the team,” he said.“I am very professional and, like I said, the best way to talk is with my feet. 3:01 – Advertisement – Mohamed Elyounoussi insisted his professionalism is unquestionable after scoring a hat-trick in Celtic’s 4-1 Premiership win at Motherwell.The 26-year-old Norway international, on loan from Southampton, faced criticism on Thursday night when he was spotted looking at his phone after being substituted in the damaging 4-1 Europa League defeat by Sparta Prague.- Advertisement – Elyounoussi was pleased with his hat-trick at Fir Park, but more importantly with how his team-mates bounced back from that Europa League defeat on Thursday – Advertisement – “Anyone who knows me realises I am very professional, I give 100 per cent for my team and I am very committed on the pitch.“Not only offensively, defensively as well. So, I don’t think someone should question my professionalism on the pitch.“That’s in the past, I just focus on the next one ahead. We’re happy we’ve got the three points.” – Advertisement –
1 Peterborough United have announced the appointment of Graham Westley as their new manager.The former Stevenage boss joins the League One outfit after a long recruitment process from the club, who had been without a permanent boss since the sacking of Dave Robertson in early September.Westley, 47, has also been without a job since his departure from the Boro hotseat in May after losing the League Two play-off semi-final.Upon his appointment on Monday, Westley said: “I’m thrilled. This is a great opportunity, it’s a great football club.“There’s not too many other clubs in League One spending around £4m putting a squad together. £1.5m came off the bench on Saturday, so there’s real strength and depth, and the opportunity to work with a talented squad at a place that knows how to win is fantastic for me.”Westley becomes Peterborough’s sixth permanent manager in just over five-and-a-half years and said he will retain caretaker-boss Grant McCann on his coaching staff. The length of his contract was not disclosed.He replaces Robertson, who was dismissed after a run of three wins from 17 games in all competitions.Since his sacking, Posh beat Oldham 5-1 and drew with the high-flying Saddlers under caretaker McCann, who Westley said “would play a big part” at the club under his management.Westley flew out to the United States to meet Posh chairman Darragh MacAnthony, who said in a statement he did not judge him on an “his apparent obsession with fitness and physicality over style, flair and fast free-flowing football” from his time at Preston.“I will never as chairman of this football club sit back and watch what could be described as hoof ball or direct and ugly uninspiring football,” MacAnthony added in a statement on the club’s official website.“So understand that Graham Westley is clear on his objectives, what I want and the job that needs to be done at our club and quickly.” New Peterborough United boss Graham Westley
South Africa boasts mature capital markets that serve the domestic economy as well as the wider continent. The Johannesburg Stock Exchange (JSE) is the world’s 19th largest exchange, and offers investors five key financial markets: equities, bonds, currency, equity and commodity derivatives. History The JSE was formed in 1887 to facilitate the first South African gold rush. Following the first legislation covering financial markets in 1947, the JSE joined the World Federation of Exchanges in 1963 and upgraded to an electronic trading system in the early 1990s. The bourse demutualised and listed on the JSE in 2005. In 2003 the bourse launched AltX, an alternative exchange for small and mid-sized listings, followed by the Yield X for interest rate and currency instruments. The JSE acquired the South African Futures Exchange (SAFEX) in 2001 and the Bond Exchange of South Africa (BESA) in 2009.Equity market With a market capitalisation of $929-billion as of the end of 2012, Johannesburg is the biggest exchange on the continent, significantly larger than both Cairo ($60-billion) and Lagos ($55-billion). It is also highly liquid, with the value of trades hitting R3.4trillion ($418.2-billion) in 2012, up from R3.3trillion ($400.1-billion) in 2011 and R3-trillion ($364.5-billion) in 2010. There are approximately 400 companies listed on the exchange across Main Board and AltX. While a number of heavyweights like AngloGold Ashanti, British American Tobacco, SABMiller and telecommunications firm MTN account for a large share of the market, the exchange has cultivated a diverse variety of offerings. The JSE is indexed by the FTSE/JSE Africa Index Series, a partnership between JSE and the FTSE Group. The main two measurements of performance are the All Share Index (ASI), covering 99% of market capitalisation, and the All Share Top 40 Top Companies Index, which tracks the top listings in a representative spread of sectors. South African bond market South Africa’s fixed-income market accounts for 96% of the value of all African bonds. The majority of South African bonds are issued by government and state-owned entities but the number of corporate bonds issued is growing. Bond trading is available on the stock exchange, which also offers over-the-counter depository services and a variety of bond-based derivatives, including bond futures, forward-rate agreements, vanilla swaps and standard bond options. The JSE is aiming to attract new issuers to the bourse, including those offering rand- denominated foreign notes, which are now treated as domestic securities following a successful negotiation with the South African Reserve Bank. In November 2012 the Namibian government floated a R850-million ($103.6-million) 10-year bond priced at 8.26%, the first tranche of a R3-billion ($365.7-million) programme, and the JSE hopes to encourage other African countries to list debt on the exchange.Derivatives The JSE offers trading of a variety of derivatives, including futures and options on equities, bonds, indices, interest rates, currencies and commodities. The JSE is ranked the sixth top exchange by number of single stock futures traded and ninth by the number of currency derivatives traded in 2012 in the World Federation Annual Derivatives Survey. FSB website: www.fsb.co.zaReserve Bank website: www.resbank.co.za Website: www.world-exchanges.org Foreign listings In 2011, South Africa’s inward listing rules were changed to allow foreign domiciled companies to be treated as domestic listings. While foreign firms had been allowed to list on the JSE since 2004, they had been subject to foreign exchange rules, which limited the amount of these equities that local investors could hold. The lifting of these restrictions has been an important regulatory shift for the exchange makes the JSE a more attractive listings destination. Information supplied by the JSE. For more, visit www.jse.co.za Reviewed: 6 June 2013Would you like to use this article in your publication or on your website? See: Using SAinfo material While these regulatory changes will likely hasten the move of trading from OTC to the JSE, the JSE have also taken steps to make the exchange a more attractive platform for this activity. This includes improving transparency in the JSE’s fee structure and continuous product innovation. Membership More than 110 equities and 50 bond brokers are licensed in South Africa, a mixture of local and foreign outfits. There are more than 100 equity derivatives members, 50 commodity derivatives members and more than 50 currency derivatives members.Technology The JSE has undertaken major technological upgrades to improve the latency of trading times and embarked on reform of the clearing and settlement timeframe. In July 2012 the JSE implemented a new trading platform the Millennium Exchange in the equities market, while at the same time moving the trading system from London to Johannesburg. Following this successful transition trades can now be executed up to 400 times faster than under the previous TradElect system. The change allows for increased liquidity and more high-frequency traders. Regulation The JSE currently acts as the frontline regulator, setting listing requirements and enforcing trading rules. The Financial Services Board (FSB) supervises the JSE in the commission of its regulatory duties and, as the JSE has no criminal or civil jurisdiction, processes any cases where statutory legislation has been contravened. The regulatory landscape is set to change significantly in the near future, as South Africa looks to implement a twin peaks model of oversight. Under the new system, prudential supervision will be transferred to the South African Reserve Bank (SARB) and market conduct regulation will be led by a bolstered FSB. The JSE will continue to act as frontline regulator while it will report to the FSB as the lead regulator, a concept endorsed in 2012 to avoid overlaps in jurisdiction between the FSB and the Reserve Bank. South Africa is currently ranked 1st in the world in terms of regulation of securities exchanges in the World Economic Forum’s Global Competitiveness Survey for 2012- 2013. This is an accolade for both the JSE its regulators.
Asian shares slide on weak Japan data; US markets closed View comments LATEST STORIES Brace for potentially devastating typhoon approaching PH – NDRRMC Trending Articles PLAY LIST 00:50Trending Articles01:46US defense chief agrees it’s time to take another look at defense pact with PH00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Read Next “Our offense just flowed and we stayed aggressive on defense.”The Batang Pier defense kept the Elite in check for the majority of the game as they jumped to a 31-point lead numerous times in the fourth quarter en route to their second straight win in the 2018 PBA Philippine Cup.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutFor Anthony, the victory further justified coach Pido Jarencio’s pleas early in the conference to GlobalPort to double down on defense, something which the team has done in the past two outings which both ended up in victories.“When we hold teams below 100 points, those are the two games we win,” said the 31-year-old. “Offense is going to flow because we got guys who can shoot. Some games they won’t drop, but other games it will. But as long as the ball moves, we take the right shots, and play together, we’ll get the win.” Anthony feels that his team is slowly getting its groove after a 0-2 start.“I feel like we started off poorly with NLEX. We kind of grew and had a good game against Ginebra but fell through the end. Then we’ve been building on our two wins, and a lot of it is because of our chemistry. We have a lot of new guys and a new coach, so our chemistry’s building and it’s getting better every day,” he said.However, the tougher challenges are still ahead for the Batang Pier, and it starts next Wednesday against San Miguel.Anthony thinks GlobalPort’s performance against the reigning three-time Philippine Cup champs will dictate how the team will fare this conference.“They’re going to be the team to beat and definitely a barometer. We’ve got some time to get better, so we’ve got to keep working on our weaknesses and continue to get better every day,” he said.ADVERTISEMENT MOST READ BI on alert for illegally deployed OFWs to Iraq 8th Top Leaders Forum assessed the progress of public-private efforts in building climate and disaster resilient communities Do not bring these items in SEA Games venues Photo by Tristan Tamayo/ INQUIRER.netHe may have shot the lights out on Friday night, but Sean Anthony said that the credit for GlobalPort’s 101-76 rout of Blackwater should go to his team’s defense.“We held them under 80 points and that was the key,” said Anthony, who ignited the blowout with his 6-of-10 shooting from beyond the arc to finish with 22 points, 21 coming in the first half, alongside seven rebounds, five assists, and two steals in the 25-point victory.ADVERTISEMENT Kammuri turning to super typhoon less likely but possible — Pagasa Typhoon Kammuri accelerates, gains strength en route to PH SMB stays unscathed, escapes NLEX John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Don’t miss out on the latest news and information.
Team India’s man of the moment Ishant Sharma, whose seven wickets in the match against England ensured a Test win at Lord’s after 28 years, is getting congratulatory messages from allover the world. His parents, who live in Delhi, are also marvelling at the stellar performance of their son. “Its a great feeling, hope the team keeps winning in the rest of the tour as well,” said his mother Grisha Sharma.His father Vijay Sharma, however, gave the credits to the entire team.”We are very happy, it was a total team effort,” he said.After drawing the first Test at Trent Bridge, India won the second match by 95 runs.Right-arm pacer Ishant rattled the England batsmen by bowling bouncers regularly which helped him earn career-best figures of 7/74 and the Man of the Match award.