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$3 million in Northern Border commission funding for economic development

first_imgRep. Peter Welch and leaders from throughout the Northeast Kingdom outlined economic development opportunities presented by the Northern Border Regional Commission (NBRC) during a press conference Thursday morning in Newport.At Newport s Gateway Center, on the shores of Lake Memphremagog, Welch announced the first-ever round of funding appropriated to the NBRC by the U.S. House in July. The $3 million federal investment will help launch the four state regional commission, opening the door for increased funding opportunities for projects in Northern Vermont and its neighboring regions. This groundbreaking regional effort will help northern New England and New York develop a comprehensive economic development strategy and provide significant federal investment to community-based projects in the region, Welch said. By collaborating across state lines and investing in the region s tremendous assets, this effort will help the Northeast Kingdom and the rest of northern Vermont enhance its infrastructure and spur economic development. Most importantly, it will bring jobs to the region.Modeled after the highly successful Appalachian Regional Commission, the NBRC is a federal-state partnership focused on economic development in the northernmost regions of Vermont, New Hampshire, Maine and New York. Created in 1998 with the passage of the Farm Bill, the NBRC will fund community-based efforts ranging from broadband deployment to renewable energy projects to tourism development.Vermont s Caledonia, Essex, Franklin, Grand Isle, Lamoille and Orleans counties are among 36 counties included in the regional development effort. The NBRC will include representatives from each of the states, as well as a presidentially-appointed co-chair.Welch was joined at Thursday s event by a broad range of leaders from the Northeast Kingdom, including Bill Stenger, president and owner of Jay Peak; Jon Freeman, president of the Northern Community Investment Corp.; Dave Snedeker, planning director of the Northeastern Vermont Development Association; Sen. Vince Illuzzi; Newport Mayor Paul Monette; Newport City Manager John Ward; and Trish Sears, CEO of Newport Renaissance.Source: Welch’s office.last_img read more

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Teekay Tankers, TIL See The Light in Merger amid Q2 Losses

first_imgThe announced merger between Teekay Tankers and Tanker Investments Limited (TIL) comes at a crucial point of the shipping cycle, the two companies stressed while announcing net losses for the second quarter of 2017.Seasonal weakness and increasing tanker deliveries drove down tanker rates resulting in further headwinds to an already weak tanker market.Tanker Investments reported a net loss of USD 5.8 million for the second quarter of 2017, against USD 12.6 million in 2016. The company’s half year results saw a plunge to USD 2.6 million net loss from a USD 31 million profit in the first half of 2016.Teekay Tankers also swung to a loss in the second quarter posting GAAP net loss of USD 37.5 million, and adjusted net loss of USD 7.1 million in the second quarter of 2017. When compared to last year’s figures, the fall is considerable as Teekay Tankers had reported USD 31.6 million adjusted profit for the quarter.For the first half of the year, Teekay posted USD 33 million in losses against last year’s USD 63 million in income.Teekay Tankers has declared a cash dividend of USD 0.03 per share for the quarter ended June 30, 2017.“The proposed merger with Tanker Investments Ltd. is strategically very important for Teekay Tankers,” said Kevin Mackay, Teekay Tankers’ President, and Chief Executive Officer.“The 18-vessel Tanker Investments Ltd. fleet will provide Teekay Tankers with greater scale to continue servicing its customers, while also allowing us to renew our fleet on an opportunistic basis at the right point of the cycle. We believe this merger is in the best interests of Teekay Tankers’ shareholders as it is immediately accretive to the company’s earnings per share, reduces our average fleet age by one year, and reduces our cash break-even rate. Importantly, the merger is expected to increase Teekay Tankers’ liquidity and reduce our financial leverage.”As explained by TIL’s CEO William Hung, with over 35 percent of Teekay’s fleet booked on fixed-rate charters and a strong balance sheet, along with USD 200 million of pro-forma liquidity, the combined company will be well positioned during the period of weaker tanker rates.Both companies expect the tanker market to remain weak well into the third quarter before rebounding into stronger winter period. However, a strong improvement in tanker rates is not expected until the second half of 2018 following an expected slowdown in tanker fleet growth and better oil market fundamentals.In May 2017, Teekay Tankers agreed to acquire TIL and its fleet of 18 mid-sized conventional tankers in a share-for-share merger. Closing of the merger, which remains subject to various conditions, including approval from both TIL shareholders and TNK Class A common shareholders, is expected to occur in the fourth quarter of 2017.Teekay Tankers currently owns a fleet of 40 double-hull tankers, including 20 Suezmax tankers, 13 Aframax tankers, and seven Long Range 2 (LR2) product tankers, and has three contracted time charter-in vessels.World Maritime News Stafflast_img read more

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Clay County Speed Shift TV Dirt Knights IMCA Modified checkers fly for Abelson

first_imgForty entries from nine different states vied in the fourth round of the 2020 tour and after Tanner Black led the first two laps, Abelson took charge on the high groove. Kelly Shryock made a charge of his own from 11th starting but ran out of laps and ended in second.  SPENCER, Iowa (Aug. 3) – The top side of the big Clay County Fair Speedway oval took Chris Abelson to victory lane in Monday’s Speed Shift TV Dirt Knights Tour IMCA Modified main event. Pit gates open at 4 p.m. and racing follows 7 p.m. hot laps. IMCA Sunoco Stock Cars, IMCA Sunoco Hobby Stocks, Karl Kustoms Northern SportMods and Mach-1 Sport Compacts complete the Shryock Memorial program. “The cushion kept getting closer and closer to the wall. You had to negotiate it just right,” Abelson said. “He’s (Shryock) a tough competitor and always one to look for.”  The Harris Clash at Deer Creek Speedway is Tuesday night for both the IMCA Modifieds and Karl Kustoms Northern SportMods while next up for the Dirt Knights Tour is the $1,000 to win Bob Shryock Memorial show on Wednesday, Aug. 5 at Fairmont Raceway, the 98th event in tour history.  Abelson had started fourth and quickly drove past Brandon Beckendorf, Nick Meyer and Black to take over the front spot. Cautions on laps six and 10 brought the field back together briefly before Abelson was pulling away. Jesse Rogotzke worked his way to third late in the 25-lapper, Nick Meyer was fourth and tour point leader Ethan Braaksma was fifth.  The $1,000 checkers were Abelson’s career seventh, putting the 2016 Dirt Knights champion alone in second on the all-time tour wins list. He was already a Fast Shafts All-Star Invitational ballot candidate. All Dirt Knights event are broadcast by Speed Shift TV.  Other Monday night winners at Spencer were Derek Green in the IMCA Sunoco Stock Cars, Cory Probst in the IMCA Sunoco Hobby Stocks, Brian Osantowski in the Karl Kustoms Northern SportMods and Kaytee DeVries in the Mach-1 Sport Compacts. Chris Abelson raced to his career seventh Speed Shift TV Dirt Knights Tour IMCA Modified victory Monday night at Clay County Fair Speedway. (Photo by Jim Steffens) Meyer ran second most of the night; Braaksma had started 10th. Feature results – 1. Chris Abelson, Sioux City; 2. Kelly Shryock, Fertile; 3. Jesse Rogotzke, Sanborn, Minn.; 4. Nick Meyer, Whittemore; 5. Ethan Braaksma, Newton; 6. Tanner Black, Otis, Kan.; 7. Cody Laney, Torrance, Calif.; 8. Zach Dockter, Norwich, N.D.; 9. Dylan Thornton, Santa Maria, Calif.; 10. Brandon Beckendorf, Danube, Minn.; 11. Ethan Dotson, Bakersfield, Calif.; 12. Cody Knecht, Whittemore; 13. Jesse Sobbing, Malvern; 14. Kyle Brown, Madrid; 15. Jaxon Saathoff, Beatrice, Neb.; 16. Austin Kuehl, Cave Creek, Ariz.; 17. Kelsie Foley, Tucson, Ariz.; 18. Bob Moore, Sioux City; 19. Corey Dripps, Reinbeck; 20. David Brown, Kellogg; 21. Jason Brees, Meriden; 22. Randy Brown, Chowchilla, Calif.; 23. Al Hejna, Clear Lake; 24. Lance Mari, El Centro, Calif.last_img read more

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The Latest: World Triathlon extends suspension of events

first_imgThe Latest: World Triathlon extends suspension of events ___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 It says there remained a “combined objective” for all remaining domestic league and cup matches to be played to maintain the integrity of each competition.The league also says it has consulted players over a pay deduction or deferral of 30%.It also voted to advance funds of 125 million pounds ($150 million) to clubs in the English Football League and fifth-tier National League.___German soccer club Borussia Dortmund is converting part of its stadium into a treatment center amid the coronavirus pandemic. The nine-day Swiss race was scheduled to run from June 6-14 and is designed to give riders a chance to prepare for the three-week Tour de France. The French race is still scheduled to start on June 27.Colombian rider Egan Bernal won in Switzerland last year ahead of his first Tour de France title.Organizers in Switzerland say its “the first time since the Second World War that the traditional event will not take place.”They say “the risk of additional strain on the Swiss health system due to possible crashes during racing is high.”___ ___Former marathon world record holder Wilson Kipsang was among 20 people arrested in Kenya for locking themselves in a bar and drinking alcohol in breach of a curfew imposed because of the coronavirus pandemic.Police say the 2012 Olympic bronze medalist was among those detained at a police station in Iten, one of Kenya’s famous high-altitude towns where distance runners train. They were in breach of a 7 p.m. to 5 a.m. curfew. The group included a local politician.Kipsang, who is also a police officer, was provisionally suspended this year from track and field and charged with doping offenses that include tampering with doping samples. He has also won the New York, London and Berlin marathons.Twelve athletes were arrested in Iten earlier this week for breaching Kenyan government regulations on social gatherings during the COVID-19 crisis. The runners were arrested for training in a group, which has been banned in Kenya. Training camps have been shut down and athletes must train alone. April 3, 2020 Commissioner Cathy Engelbert said in a statement. “While the league continues to use this time to conduct scenario-planning regarding new start dates and innovative formats, our guiding principle will continue to be the health and safety of the players, fans and employees.” The WNBA, which was set to begin its 24th season, is the longest running professional women’s sports league.___The Premier League has pushed back its restart date and says play will not resume at the beginning of May.The league had given a return date of April 30 amid the coronavirus outbreak but now says the season “will only return when it is safe and appropriate to do so.”center_img The Bundesliga club says a space inside Germany’s largest soccer stadium has been made available for medical staff to examine people with virus symptoms.The move comes after an influx of suspected coronavirus cases put existing facilities in the city of Dortmund under strain.The center will open on Saturday.___The Tour de Suisse has been canceled because of the coronavirus pandemic, removing one of the few cycling events left on the calendar before the Tour de France is due to start. Associated Press The Russian anti-doping agency is preparing to freeze all testing until May to comply with new government measures shutting down work deemed non-essential.RUSADA deputy CEO Margarita Pakhnotskaya tells The Associated Press that her agency is looking for possible exemptions to instructions from President Vladimir Putin for all Russians except those working in essential sectors to stay home through April 30.Pakhnotskaya says in a text message that she “will check on Monday the possibility to receive special permission” from government bodies for staff to collect samples from athletes. There will be no testing this month if that isn’t granted.Testing has been suspended since March 27 under a previous round of measures.Isolation measures around the world have led to a sharp drop in anti-doping tests. That’s led to warnings that some athletes could take advantage of the situation. The World Anti-Doping Agency says it is trying to track gaps in testing. The latest events to be called off include the Yokohama leg of the world series, three African Cups, three American events, four Asian Cups, one event in Oceania and eight in Europe.World Triathlon president Marisol Casado says “the suspension of all activities doesn’t mean at all that we stop working” on finding alternative dates.___The WNBA has postponed the start of its season because of the coronavirus pandemic. The league was set to open training camps on April 26 and the regular season was to begin on May 15. The WNBA will still hold a “virtual” draft on April 17. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___World Triathlon has extended its suspension of all events from the end of April to the end of June because of the coronavirus outbreak.last_img read more

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Falcons’ Julio Jones wants 3,000 yards — this season

first_img“I’m not ever going to lie to you, I’m going crazy this year,” Jones told The Atlanta Journal-Constitution after his podium session Wednesday. “I’m going crazy. I’ve been doing everything that I need to do. I’m taking care of my body. Physically and mentally, I’ll be ready to go.”When asked if he would go “2,000-yards crazy,” Jones replied with a bigger number. Related News Falcons optimistic about Julio Jones contract talks, GM Thomas Dimitroff says “Well, I’m not a prediction-type guy, but I might mess around and go three (thousand), you know what I’m talking about,” Jones said with a straight face.It’s hard to tell if Jones is joking or not — the record for the most receiving yards in NFL history belongs to Calvin Johnson, who posted 1,964 yards in 2012.Interestingly, Jones is second on that list with 1,871 yards from the 2015 season, which is the Falcons’ franchise record.For Jones to reach 3,000 yards in a single year, he would have to average 187.5 yards per game in all 16 games. While doing that for a few games a year is very possible, doing it every single game might prove to be far more difficult.Jones, who is coming off a foot injury, had 1,677 yards receiving and has 10,731 career receiving yards. He is set to pass Roddy White (10,863) as the franchise’s leader in career receiving yards this season as long as he remains healthy. NFL free agency news: Falcons, DE Allen Bailey agree to 2-year deal Falcons’ Devonta Freeman ‘got stronger’ from brutal 2018 season Julio Jones has one very lofty goal this season.The Falcons receiver reported to the first day of training camp Wednesday, where he wants to do what no receiver has done before. Jones’ high expectations could net him the contract he has been waiting for. While he previously said he has full faith in team owner Arthur Blank to get him a new deal, one hasn’t been reached by the time training camp started.“As far as the contract, I don’t go to sleep thinking about it,” Jones said. “I don’t wake up thinking about it. I just try to be the best person that I can be today and then when tomorrow comes, I’m going to try and be the best person I can that day.“Each and every day, once the contract talk (comes up) it’s not even about me, I know my worth,” Jones added. “It’s just more about family. I just look at stuff like that as family. Not just me. I’ve got family and everybody else, that’s why I do this. That’s my why. Why I put in all of these sacrifices and put everything on the line for them.”last_img read more

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Congress, Bush move toward war showdown

first_imgSeveral blocks away, the president stood with Republican House members and told reporters they were united. “We expect there to be no strings on our commanders, and … we expect the Congress to be wise about how they spend the people’s money,” he said. In private, Bush was at least as emphatic, according to GOP rank-and-file participants in a closed-door session with the president in the White House East Room. “He said he will veto a bill that comes to his desk with too many strings attached or too much spending,” said one official who attended and later spoke on condition of anonymity because the meeting was closed to the press. While both sides have spoken positively about a need for compromise, there also has been strong political pressure within both parties for a veto fight. Democrats are under pressure to challenge Bush on the war after their victories in last fall’s elections. At the same time, Republicans say Bush will blame anti-war lawmakers if money begins to run short for the troops in the field and will accuse them in any event for ceding ground to the terrorists in the Middle East. Pace fears delays WASHINGTON – A defiant, Democratic-controlled Senate approved legislation Thursday calling for the withdrawal of U.S. combat troops from Iraq within a year, propelling Congress closer to an epic, wartime veto confrontation with President George W. Bush. The 51-47 vote was largely along party lines, and like House passage of a separate, more sweeping challenge to the administration’s war policies a week ago, fell far short of the two-thirds margin needed to overturn the president’s threatened veto. It came not long after Bush and House Republicans made a show of unity at the White House. “With passage of this bill, the Senate sends a clear message to the president that we must take the war in Iraq in a new direction. Setting a goal for getting most of our troops out of Iraq is not – not, not – cutting and running,” said Sen. Robert C. Byrd, D-W.Va., shortly before the vote. Passage cleared the way for negotiations on a compromise with the House. Senate Republican leader Mitch McConnell of Kentucky rebutted quickly. “Nothing good can come from this bill,” he said. “It’s loaded with pork that has no relation to our efforts in Iraq and Afghanistan, and it includes a deadline for evacuation that amounts to sending a `Save the date’ card to al-Qaida.” Gen. Peter Pace, chairman of the Joint Chiefs of Staff, told the House Defense Appropriations Committee during the day that a delay in funding would have a chain reaction that could keep units in Iraq longer than planned. He said if the bill is not passed by May 15, the Army would have to cut back on reserve training and equipment repairs, which could possibly delay the formation of units needed to relieve those deployed. The House-passed measure requires the withdrawal of combat troops by Sept. 1, 2008. The Senate bill calls for the beginning of a withdrawal within 120 days, and it sets a nonbinding goal of March 2008 for its completion. Both bills contain more than $90 billion for the military to continue operations in Afghanistan as well as Iraq, where more than 3,200 U.S. troops have lost their lives in four years of combat. Money for domestic programs pushes the bills’ totals above $120 billion. It appeared more likely that House and Senate Democrats will have trouble in forging a compromise among themselves than that they will flinch from a confrontation with the White House. Mindful of the need to assure a flow of funds, Rep. John Murtha, D-Pa., said Congress might consider passing monthlong spending bills while it challenges Bush over his war policy. There is a strong reluctance among the rank and file to approve money for the war without attaching conditions to force a change in policy, and lawmakers said that situation portended a House-Senate compromise that would include provisions Bush has rejected. “I don’t think the leadership will give in. I don’t think they can give in,” said Rep. Jim Moran, D-Va. “We have very strong feelings among members. And the real strong push back would come from voters.” “I’m not willing not to have input,” said Murtha, who has emerged in the past year as one of the Democrats’ most vocal critics of the war. Nor is the war the only issue in dispute. Pork power Both bills contain in excess of $20 billion in domestic spending that the president wants stripped out, including large amounts for politically popular programs such as disaster aid to farmers and money for victims of the Katrina and Rita hurricanes. “I think we would be able to sustain a veto on that basis alone,” said Sen. Trent Lott of Mississippi, the second-ranking Republican. House GOP Leader John Boehner of Ohio addressed the same issue in the meeting with Bush. According to one participant, Boehner said there might be a perception among White House officials that the House would not sustain a veto based solely on spending. Boehner said he thought that fear is ungrounded, and the rank and file responded with a standing ovation, according to the participant. There was no suspense in the Senate’s vote after a test earlier this week in which Republicans had sought to strip out the nonbinding timeline for a troop withdrawal. There were 48 Democrats and two Republicans, Chuck Hagel of Nebraska and Gordon Smith of Oregon, voting for the measure, along with Sen. Bernie Sanders, a Vermont independent. Among the supporters, only Sen. Mark Pryor, D-Ark., had voted to jettison the timeline earlier in the week. The votes in opposition were cast by 46 Republicans and Sen. Joseph Lieberman of Connecticut, an independent Democrat.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img
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Singapore Open 2019: Nozomi Okuhara thrashes PV Sindhu in one-sided semi-final

first_imgIndia’s top-ranked shuttler PV Sindhu crashed out of Singapore Open 2019 Super 500 tournament after a straight-game defeat to arch-rival Nozomi Okuhara in the women’s singles semi-final on Saturday.Second seed and former world champion Okuhara needed just 37 minutes to outclass sixth seed Sindhu 21-7, 21-11 in a one-sided semi-final. Sindhu was completely outplayed by her familiar foe, who has been in top form in Singapore.Sindhu had headed into the semi-final clash on the back of two successive defeats against Okuhara but the Japanese shuttler executed her plans to perfection on Saturday and gave Sindhu no chances of making it three in three.Okuhara unstoppable in quest for spot in the Singapore Open finals #HSBCBWFbadminton #HSBCRaceToGuangzhou pic.twitter.com/W29DGVqgqyBWF (@bwfmedia) April 13, 2019Sindhu was struggling to keep up with the pace of Okuhara, who raced to a 9-1 lead in the first game. There was no looking back for Okuhara as she kept pushing Sindhu to the back court and found winners at will with drop shots.After the thrashing in the first game, Sindhu had a considerably long chat with coach Pullela Gopichand but it made no difference as the Indian shuttler struggled for any kind of momentum in the second game as well.World number three Okuhara will now face top-ranked Tai Tzu Ying in what promises to be a cracker of a women’s singles final on Sunday. Notably, Tai had come up with a stunning fight to outclass third seed Akana Yamaguchi in a three-game battle earlier in the day.advertisementWith Sindhu’s defeat, Indian challenge at the Singapore Open came to an end. Notably, Saina Nehwal had lost to Nozomi Okuhara in straight games in the quarter-final match on Friday.While India shuttlers have been struggling to go the distance on the tour, it’s hard not to talk about Sindhu’s dip in form in the ongoing season.The sixth-ranked women’s singles shuttler hasn’t managed to go past the semi-final stage in 2019. Known for stepping up at the big stages, Sindhu’s performances in two of the biggest tournaments of the season so far Malaysia Open and All England Badminton Championships have been far from impressive.Also Read | Kidambi Srikanth, Saina Nehwal exit Singapore Open after quarter-final defeatsAlso See:last_img read more

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Kompany could make England game – Martinez

first_imgWorld Cup Belgium’s Kompany might be available for England game, says Martinez Rob Lancaster 03:27 6/17/18 FacebookTwitterRedditcopy Comments(0) Roberto Martinez Vincent Kompany Belgium Portugal international friendly 2018 BRUNO FAHY World Cup Belgium v Panama Belgium v Tunisia England v Belgium Panama Belgium Tunisia England Both the Manchester City star and Thomas Vermaelen will be out against Panama, but the duo could return for the second group clash Belgium coach Roberto Martinez remains hopeful Vincent Kompany will be fit to face England in what could be a crucial game in deciding the outcome of Group G.Kompany’s participation in the World Cup was put in doubt when he suffered a groin injury in his country’s 0-0 friendly draw with Portugal at the start of June.While the Manchester City captain was included in Martinez’s final 23-man squad, the boss of the Red Devils has revealed the 32-year-old is set to miss the fixtures against Panama and Tunisia. Article continues below Editors’ Picks Out of his depth! Emery on borrowed time after another abysmal Arsenal display Diving, tactical fouls & the emerging war of words between Guardiola & Klopp Sorry, Cristiano! Pjanic is Juventus’ most important player right now Arsenal would be selling their soul with Mourinho move However, the centre-back could yet be back for the clash with Gareth Southgate’s squad, which takes place in Kaliningrad on June 28.”Kompany might be available for the third game,” Martinez told the media.Thomas Vermaelen will also miss Belgium’s tournament opener with Panama in Sochi on Monday, Martinez confirmed, though the experienced Barcelona defender is expected to be available for the rest of the group stage.”Vermaelen can be medically fit for the following games [after Panama]. He is not with us here in Sochi and is working in Moscow,” the former Everton manager added.  @LaurentCiman23 left the group this morning. Laurent returned to 🇧🇪 and will now remain one of our stand-by players, until Sunday evening 5pm. R. Martínez thanks him for his professionalism and contribution to the team during our #WorldCup preparation. #REDTOGETHER — Belgian Red Devils (@BelRedDevils) June 16, 2018 Belgium announced defender Laurent Ciman – who had travelled with his compatriots to Russia as cover for the injured Kompany – left the squad on Saturday.last_img read more