A Russian fisherman that suffered a broken leg aboard a vessel had to be rescued off the coast of Donegal this morning. Killybegs Coast Guard were tasked by Malin Head Coast Guard to assist the HSE Ambulance service.The man was later transferred to Letterkenny University Hospital for further treatment. Injured fisherman rescued by Killybegs Coast Guard was last modified: March 6th, 2019 by Shaun KeenanShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Killybegs Coast Guardmalin coast guard
Mr Kingsley Makhubela : CEO of Brand South AfricaThe South African nation brand’s dynamism and resilience has withstood a challenging year and has remained strong.This is attested by South Africa’s performance in the World Economic Forum’s 2015 Global Competitiveness Index which placed the country within the top 50 most competitive nations in the world and the second most competitive on the continent.To summarise, South Africa’s biggest improvements come in the areas of: health and primary education (up 6 places), labour market efficiency (up 6 places), technological readiness (up 16 places), and innovation (up 5 places). South Africa has also improved in the areas of: macro-economic environment (up 4 places), higher education and training (up 3 places), and business sophistication (up 2 places) while dropping in the area of infrastructure (down 8 places), institutions (down 2 places), goods market efficiency (down 6 places), financial market development (down 5 places) and market size (down 4 places).The Mo Ibrahim Index on African Governance saw South Africa holding steady at number 4 of 54 countries on the continent. This Index looks at the performance of African countries in the areas of: safety and rule of Law, participation and human rights, sustainable economic opportunity and human development. South Africa’s performance in each of these areas earns it the position of 7 in terms of safety and rule of law (up from position 8 in 2014), 4 in terms of participation and human rights, 2 in terms of sustainable economic opportunity and 6 in terms of human development, in Africa.The Brand Finance list of the 100 most valuable nation brands was also released in October this year. According to this list, South Africa is the 37th most valuable nation brand in the world with a nett nation brand value of US$ 225 billion. Brand Finance measures the strength and value of the nation brands of 100 leading countries using a method based on the royalty relief mechanism employed to value the world’s largest companies. The study measures a nation brand across the following pillars: goods & services, investment and society. These are divided into sub-pillars: tourism, market, governance and people & skills.What do these numbers tell us about South Africa as a nation brand?These figures tell us that South Africa is a visible nation brand amongst the global community of nations. This is something that all South Africans can be proud of since we remain a relatively young democracy.Our performance in these indices equally tell us that work needs to be done to ensure that we address the challenges that impact negatively on the nation brand and our global competitiveness. This includes, amongst others, areas of education, healthcare, policy cohesion. However, we can again feel confident that the National Development Plan has also highlighted similar areas and work is underway to decisively deal with these challenges. Addressing these challenges systemically will see South Africa increase its global competitiveness.The numbers equally tell us that South Africa’s dynamism, energy, industriousness and personality encapsulated by the national pay-off line, Inspiring New Ways – continues to contribute to our nation brand equity.Domestic and international challenges aside, South Africa has all the ingredients to move ahead as a globally competitive nation. This will however require the concerted effort of each citizen in our country since ultimately, the nation brand reflects each of us.The South African people are at the heart of this democracy. It is the people of this country who make our country great and it is the people of our country who show the world who South Africa is. Brand South Africa thanks you for playing your part and carrying the South African brand with pride.Follow Mr Makhubela on @klmmakhubela Mr Kingsley Makhubela Brand South Africa: CEO
Share Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed Ingredients, LLCCorn and beans rallied last week because rain swept through the Midwest slowing harvest. In select areas where harvest is behind, processors are bidding up for grain. It’s unlikely these basis bumps will last long, but some lucky farmers who managed to harvest some grain early could benefit.The slow harvest progress may help corn from sliding all the way back to lows from two weeks ago. I doubt beans will be as lucky. There are just too many in the fields and as they get harvested it could be too much for the market to deal with. Collecting bean carryOn 8/30 the November to July bean spread was a 49-cent premium. With all of my bean sales hedged against November futures, I was concerned about the current low basis levels. Since I can store all of my 2018 harvested beans and I have all of my beans sold, I moved my sales forward to capture the 49-cent carry. I did this by buying back my November beans futures and immediately sold July bean futures for 49 cent higher.As always, as long as the crop is sold, the price level of the bean futures trades doesn’t matter. Only the spread value matters when collecting the carry because the sales are still in place. What does it cost to hold the beans in the bin that long?Since I could sell the beans immediately at harvest, there is a cost to hold grain and not pay down my operation note. That 49 cents enables me to collect 6.125 cents per month until summer when basis levels may be better (49 cents per 8 months of holding from November-July).Assuming a $7.50 per bushel cash value in southeast Nebraska this week and a 6% operating note, it costs me 3.75 cents per month to hold the grain in the bin. With the 6.125 cents carry premium, I’m actually making a guaranteed 2.375 cents per month on the carry to hold the beans (6.125 carry premium – 3.75 loan interest). That would mean I can guarantee myself 19 cents of actual profit to hold the beans until summer. What about basis risk?Basis could get worse if the crop is bigger than estimated and futures have a large rally and trade issues don’t improve. So, I still have basis risk. Another contributing factor is the upcoming South American growing year. While a crop failure may cause a futures price spike, it doesn’t guarantee a basis rally. How China, who consumes 60% of the world’s beans, would handle any bean shortages from South America during this trade war becomes a big factor. If the trade issues remain unresolved well past the election and China refuses to accept U.S. bean imports, basis values may go down further.That’s a lot of unknowns that are impossible to predict. While I know I have risk with the basis I’m going to instead look at historical trends for the basis in my area. Those trends support the notion that bean basis usually improves after harvest. If that happens, my bean profits will also increase. The importance of separating futures, market carry and basisCollecting market carry is one of the least risky ways to guarantee additional profits for my farm operation from storing grain. While I didn’t set the basis in the example above, I could have set basis in July for the same levels as current harvest delivery, which would have guaranteed me those 19 cents of profits. Historically, it’s been more advantageous to wait until further in the future to set the basis, so I made the decision to wait on setting a basis or even picking a location that I will sell cash beans to. That is why I continue to keep my sales in place using July futures.In hindsight I’m very glad I sold 100% of anticipated 2018 bean production last February when November futures were $10. With what I know today, that was a good decision. I’m also pleased I was able to add the additional 49 cents of market carry to my sale price too. At the time of the trade above that had been the highest carry I’ve seen in the bean market in the last 10 years.The example above illustrates why it’s so important to look at the futures price, market carry and basis separately within a grain marketing strategy. These factors move independently of each other, and if considered separately, it’s possible to maximize the potential opportunity within each one, offering the best farm operation profit potential. Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at [email protected]
BLOGS BY REID BALDWIN Energy Efficiency and Garage Space for an Airplane When I first set out to design our house, I didn’t think very much about construction technology beyond trying to assure myself that what I designed was feasible to construct without extreme costs. (Some of my early designs would have failed that test.)I set out to learn enough about house construction to assure myself that I wasn’t specifying something stupid. I discovered the very interesting field of building science. At websites like Green Building Advisor and Building Science Corporation, I found smart people debating how to go beyond stupidity avoidance to make houses more comfortable, more durable, and more energy-efficient. (Stupidity avoidance continues to be an important aspect of building science.)Although builders in my region have adopted standard methods that are used on the vast majority of houses, there are alternatives. Should I be using them? After considerable research, I decided to depart from standard practice for my region in a couple ways. One such departure is adding a layer of exterior rigid foam. RELATED ARTICLES Insulation ChoicesHow to Design a WallStructure: Exterior Walls Calculating the Minimum Thickness of Rigid Foam SheathingThe Pretty Good HouseThe Pros and Cons of Advanced FramingAll About Rainscreens Editor’s note: This is the one of a series of guest blogs by Reid Baldwin about the construction of his house in Linden, Michigan. The first blog in the series was titled Energy Efficiency and Garage Space for an Airplane. What alternatives do we have?A number of alternative wall structures are in use. One approach to reducing the thermal bridging of the studs is to increase the on-center stud spacing from 16 inches to 24 inches. Another approach is a double-stud wall, which has an inner set of studs and an outer set of studs separated by a few inches. Usually only one set of studs supports the weight of the roof and upper floors.Taping the seams between OSB panels reduces air leakage through the wall. Some builders use a layer of spray foam between studs to reduce air leakage. Structural insulated panels (SIPs) rely on OSB layers bonded to each side of a rigid foam layer to support the structure, eliminating most of the studs (except where SIPs are joined to one another). Insulating concrete forms (ICFs) use continuous rigid foam layers on the outside and inside to provide R-value and use steel-reinforced concrete in the middle to provide the structure and provide the air barrier. By eliminating wood, ICFs avoid wood rot. Each of these alternatives has advantages and disadvantages.After studying alternatives, I decided on a 2×6 wall structure that included 2 inches of continuous rigid foam insulation attached to the outside of the OSB sheathing. I selecting Platinum Insulfoam EPS, which provides R-5 per inch. Since this is not reduced by thermal bridging, the effective R-value of the wall increased from about 14 to about 24.The framing is on 16-inch centers. I discussed 24-inch on-center spacing with the builder, but he had concerns about installing the siding. After some calculations, I decided the effect on overall energy consumption was not enough to make that a battle worth fighting. The layer of continuous exterior insulation makes the heating and cooling loads much less sensitive to framing fraction. That observation made it less painful to see the framers use extra studs in a few places that didn’t seem necessary to me.One drawback of rigid foam is that it dramatically limits drying to the outside in spring. Therefore, it is important to use a thick enough layer of rigid foam to keep the sheathing warmer than the dew point during the winter so the sheathing does not adsorb water. In Climate Zone 5, where this house is located, R-7.5 in rigid foam is enough to accomplish that. What the walls doThe primary functions of the exterior walls are separating the interior from the exterior and holding up the roof and higher floors. Ensuring that the walls will continue to perform these functions well for many years requires a structure that avoids rot, by keeping any wood parts from being warm and wet simultaneously.A second function of the exterior walls is to limit heating and cooling loads. This function requires avoiding the flow of air between inside and outside and resisting heat conduction. The traditional approach to resisting heat conduction is to fill the areas between the studs with insulation. Once this is done, however, the studs themselves become a thermal bridge and provide a path for heat to flow through the wall.A traditional residential wall in Southeast Michigan has wood studs that carry the vertical loads, OSB sheathing to provide rigidity, housewrap to keep out bulk water, and some form of cladding like siding or brick veneer. There is typically cellulose or fiberglass insulation between the studs and drywall on the interior. Some air from inside the house typically gets past the drywall into the wall cavity. In winter, water vapor in that air is adsorbed by the OSB sheathing, which is cold. Hopefully, wetness in the sheathing dries out by vapor diffusion in spring before the wall gets warm enough for rot to form.To reduce heat conduction, 2×4 studs have given way to 2×6 studs, increasing the effective R-value of the wall from about 9 to about 14. Although the nominal R-value of the insulation is greater than that, the effective R-value of the wall is reduced by thermal bridging through the studs. Insulating the rim joist and building in a rainscreen gapOne of the most problematic air leakage areas is the rim joist. To address this, peel-and-stick flashing is added on the outside and spray foam is applied to the interior of the rim joist. Spray foam also is used at the top of the walls to join the OSB sheathing, which is the air barrier for the walls, to the drywall which forms the air barrier for the ceiling.On the outside of the rigid foam, 3/4-inch furring strips create an air gap called a rainscreen. The air gap allows the cladding to dry from both sides and prevents vapor that may be driven out of the cladding by sunshine from going into the wall structure. Screws through the furring strips into the studs secure the rigid foam to the wall. Some areas of the house will have brick veneer cladding, while other areas will have James Hardie fiber-cement siding.In the basement, 2 inches of foam separate the poured concrete foundation wall from a framed wall, keeping all of the wood above the dew point. I looked into alternatives to poured concrete basement walls, such as Superior Walls. The Superior Wall system uses wall sections pre-manufactured in a factory and assembled on site. The wall sections include insulation, which would have allowed elimination of the interior framed wall. Although there are some advantages to the Superior Walls system, I concluded that those advantages were not sufficient to depart from the system my builder is familiar with.
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