Leftover Salmon will be hitting the road in the fall, with nine confirmed dates across September and October. The jamgrass act will kick off their tour with a two-night stand at Pisgah Brewing in Black Mountain, North Carolina,on September 22nd and 23rd. A few weeks later, on October 12th, Leftover will hit Knuckleheads in Kansas City, Missouri, ahead of their performances at Hillbery Music Festival in Eureka Springs, Arkansas, on the 13th and Old Rock House Outdoors in St. Louis, Missouri, on the 14th. On October 17th, the band kicks their tour into high gear with five consecutive dates across the Midwest and South. On the 17th, Leftover Salmon will hit The Kent Stage in Kent, Ohio; on the 18th, The V Club in Huntington, West Virginia; and on the 19th, the Haw River Ballroom in Chapel Hill, North Carolina. After a hit in Charlotte, North Carolina on October 20th, Leftover will finish out their tour with a date at Yonder Field in Bowman, South Carolina.[Photo: Dave Vann]
Analysis finds ‘verdant’ MacArthur Foundation still invests in fossil fuels FacebookTwitterLinkedInEmailPrint分享Nonprofit Chronicles:Eighteen months ago, the people who manage the endowment at the John D. and Catherine T. MacArthur Foundation got some bad news: Investments they had made in funds managed by EnerVest, a Houston-based private equity firm that operates more than 33,000 oil and gas wells across the US, had plummeted in value to almost nothing.The losses were small, relatively speaking — roughly $15 million, a fraction of the foundation’s $7 billion endowment — but they were unwelcome, if only because they called attention to the fact that MacArthur, whose mission is, famously, to build a “more just, verdant and peaceful world,” had taken a financial hit by investing in fossil fuels.Lesson learned? No.Despite its stature as a major funder of climate-change solutions, MacArthur continues to finance the fossil-fuel industry, a review of its most recent federal tax return shows. It does so deliberately–that is, by seeking out opportunities to invest in oil and gas, unlike investors who are inadvertently exposed to fossil-fuel companies because they own broad-based index funds that capture the entire stock market.The MacArthur endowment holds investments valued at well over $200m in at least a dozen private equity firms, including EnerVest, that finance the exploration, production and distribution of fossil fuels, according to MacArthur’s 2017 Form 990-PF. (The full scope of its fossil fuel holdings can’t be determined because many private equity and hedge funds do not disclose what they own.) Some of MacArthur’s funds are invested in western Canada’s oil sands, which have been called the largest–and most destructive–industrial project in human history. The Chicago-based foundation also invests in mining companies, including those that mine coal in the western US and in South Africa; in Dynegy, a coal-burning utility; and in an energy-related hedge fund, the Cayman Islands-based ZP Offshore Energy Fund.The fossil fuel investments persist even as grant-makers at MacArthur sound alarms about climate change. By investing in fossil fuels, MacArthur supports the industry that has done more than any other to oppose the climate solutions put forth by the environmental groups that it funds. Its grantees include the Sierra Club, the Environmental Defense Fund, the Nature Conservancy, the Natural Resources Defense Council and the Carbon Disclosure Project.To sum up: MacArthur pays its asset managers generously for generating average returns while investing in ways that make a planetary catastrophe more likely.More: The MacArthur Foundation invests in climate solutions—and in fossil fuels
4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Cardholders will get higher interest rates on any outstanding balances, if their FIs choose to increase their rates.FIs may have to pay more when borrowing money to support growth.The Government is impacted by any resulting economic changes such as slowdowns in spending or housing growth.The Economy may dictate future rate changes based on how it responds to current rate changes. continue reading » In mid-December last year, the Federal Reserve raised its Prime Rate from 3.25 percent to 3.5 percent. This was a widely anticipated change many financial institutions (FIs) have already responded to by raising their own interest rates.Consumers and FIs alike can expect to hear more from the Fed in 2016. Already, the Fed is gearing up for additional Prime Rate increases, citing continued economic growth as a catalyst. Some analysts predict as many as four federal rate changes this year. In order to effectively respond to these changes, FIs should know, understand and remember the following six things:Who is affected by Prime Rate increases?
Now a foreign ministry spokesman, Zhao has come to represent a new generation of diplomatic hawks in China, challenging the restraint that long characterized the country’s engagement with the world, according to a dozen current and former ministry officials and government researchers who spoke with Reuters.Their emergence has caused a rift with the old foreign policy establishment, amid worries that increasingly assertive rhetoric could put the country on a dangerous collision course with powers like the United States, they said.The shift followed instructions that President Xi Jinping issued diplomats in a memo last year, calling on them to show more “fighting spirit”, said two people with direct knowledge of the matter.”This is the first time since 1949 that the ‘new hawks’ have the power to reshape China’s diplomatic policy,” said Qin Xiaoying, who was a director of the ruling Communist Party’s international propaganda department and is now a researcher with the China Foundation for International and Strategic Studies in Beijing. Diplomats returning from overseas postings don’t usually receive special attention at China’s Ministry of Foreign Affairs, a vast government bureaucracy with thousands of staff.But when Zhao Lijian, a diplomat known for his pugnacious social media presence, finished a posting in Pakistan in August, he received an enthusiastic welcome in Beijing. A group of young admirers at the ministry gathered at his office to cheer his return, according to two people familiar with the matter.That admiration was fuelled in part by a Twitter spat he had engaged in a month earlier with Susan Rice, the national security adviser to former US President Barack Obama. Each accused the other of being “ignorant” and a “disgrace”. Driving the shift is the widespread feeling among many Chinese that the United States wants to contain China’s rise. Aggressive pushback by diplomats on issues that provoke nationalistic sentiment, like the protests in Hong Kong or the coronavirus outbreak, has proven popular domestically.Most people who spoke with Reuters for this article declined to be named given the sensitivity of the matter.In response to a request for comment by Reuters, the ministry said Chinese diplomats from all age groups are determined to “resolutely safeguard” national sovereignty and security.”We will not attack unless we are attacked,” the ministry said, citing a slogan from founding leader Mao Zedong. “But if we are attacked, we will certainly counterattack.”Zhao, 47, did not respond to requests for comment.A spokeswoman for Rice, the former US national security adviser, said she would not be available for comment. The US State Department did not respond to a request for comment from Reuters.Handwritten message Xi gave his instructions about adopting a tougher stance in the face of international challenges, like deteriorating relations with the United States, in a handwritten message to diplomats last year, two people with direct knowledge of the matter told Reuters.State Councilor and Foreign Minister Wang Yi gave the same message to officials attending the celebration of the 70th anniversary of the ministry’s founding, Reuters reported in December.Over the past year, more than 60 Chinese diplomats and diplomatic missions set up Twitter or Facebook accounts, by Reuters’ count, even though both platforms are banned in China, often using them to attack Beijing’s critics around the world.Zhao this month promoted a conspiracy theory on his personal Twitter account that the US military brought the coronavirus to the central Chinese city of Wuhan, where the outbreak began late last year.US President Donald Trump escalated the spat, infuriating Beijing by repeatedly citing the “Chinese virus”.The new Chinese assertiveness is a response in part to Washington’s more confrontational stance towards China under Trump, according to Chinese diplomats.”Why can the Americans criticize us constantly, and we can’t scold the US? Nobody likes to be educated all the time,” said a diplomat who helped one embassy set up its Twitter account.Among China’s new Twitter warriors is Zhao’s boss, Hua Chunying, who became the ministry’s top spokeswoman last year and began tweeting last month. A rising star, Hua spent several weeks last year at the Central Party School, which trains officials destined for promotion.The Twitter aggression is aimed not only at Washington.In Brazil, Chinese Ambassador Yang Wanming shared a tweet, later deleted, calling the family of President Jair Bolsonaro “poison” after his son blamed the “Chinese dictatorship” for the coronavirus pandemic.China’s embassy in Peru blasted Nobel laureate Mario Vargas Llosa for “irresponsible” comments after the 83-year-old
The shuttering of the US economy due to the coronavirus pandemic is a shock of historic proportions that will likely push the national unemployment rate to 16% or higher this month and require more stimulus to ensure a strong rebound, a White House economic adviser said on Sunday.”It’s a really grave situation,” President Donald Trump’s adviser, Kevin Hassett, told the ABC program “This Week.””This is the biggest negative shock that our economy, I think, has ever seen. We’re going to be looking at an unemployment rate that approaches rates that we saw during the Great Depression” of the 1930s,” Hassett added. Lockdowns across the United States to curtail the spread of the novel coronavirus have hammered the economy, shuttering businesses and sending unemployment skyrocketing.A record 26.5 million Americans have filed for jobless benefits since mid-March, and retail sales, homebuilding and consumer confidence have all cratered.The nonpartisan Congressional Budget Office predicts US gross domestic product will contract at nearly a 40% annual rate in the second quarter, with unemployment cresting at 16% in the third quarter. But even next year, the CBO sees the jobless rate still averaging above 10 percent.Before the pandemic struck, the US jobless rate had been hovering at a 50-year low of 3.5%. “I think the unemployment rate is going to jump to a level probably around 16 percent or even higher in the next jobs report,” due on May 8, providing April employment statistics, Hassett told reporters at the White House.Hassett added that the second-quarter drop expected in the nation’s GDP would be a “big number.””I think the next couple of months are going to look terrible. You’re going to see numbers as bad as anything we’ve ever seen before,” Hassett said, referring to US economic data.”We’re going to need really big thoughtful policies to put together to make it so that people are optimistic again,” Hassett added.Trump’s advisers want to hone a list of five or six ideas to present to Congress to help clear the economic carnage, Hassett said.”I’m sure that over the next three or four weeks, everybody’s going to pull together and come up with a plan to give us the best chance possible for a V-shaped recovery,” Hassett told ABC. “I … don’t think you get it if we don’t have another round of really solid legislation.”A “V-shaped recovery” is one in which an economy bounces back sharply after a precipitous decline.Tensions on Capitol Hill The US Congress has already approved $3 trillion in coronavirus relief in a show of bipartisan support for laid-off workers and an economy in free fall.Lawmakers are now poised for a battle over federal assistance to state and local governments whose budgets have been shattered by a plunge in tax revenue even as they have had to take extraordinary measures during a pandemic that has caused a US death toll approaching 55,000.New York City needs $7.4 billion in federal aid to offset economic losses from the coronavirus, its mayor said on Sunday.”If New York City is not [made] whole, it will drag down the entire region, and it will hold up the entire national economic restart,” Mayor Bill de Blasio, a Democrat, said on the Fox program “Sunday Morning Futures.”Like de Blasio, many of the nation’s governors – Democrats and Republicans alike – have pressed the Trump administration and Congress to come forward with a sizable relief package.”We will have state and local (aid), and we will have it in a very significant way,” House of Representatives Speaker Nancy Pelosi, the top Democrat in Congress, said on CNN’s “State of the Union.””The governors are impatient,” Pelosi added. “Their impatience will help us get an even bigger number.”Trump has shown a willingness to support aid for cities and states, but some fellow Republicans – including Senate Majority Leader Mitch McConnell – have voiced wariness, citing a mounting federal debt load.McConnell, in remarks that have drawn sharp rebukes from various governors as well as Democratic lawmakers, has suggested that states should declare bankruptcy instead.Treasury Secretary Steven Mnuchin, asked whether Trump would support providing hundreds of billions of dollars to the states, said any further relief would have to receive support from both parties.”This is a war. We’ll win this war. If we need to spend more money, we will, and we’ll only do it with bipartisan support,” Mnuchin told “Fox News Sunday.” Topics :
RelatedPosts Nigeria’s COVID-19 curve flattening — PTF Minister gives condition for resumption of contact sports COVID-19: PTF mandates schools to conduct weekly assessments A strong indication has emerged that the postponed Edo 2020 National Sports Festival earlier scheduled for Benin may still hold this year once there is a drop in the COVID-19 pandemic.The Minister of Youth and Sports Development, Sunday Dare, said he is committed to ensuring that sporting activities resume as soon as the COVID-19 pandemic drops. It was revealed that plans have been concluded for a meeting between the Ministry and the Presidential Task Force on COVID-19 to explore the possibility of Edo 2020 holding.The Minister said on Monday: “We have submitted our Sports Protocol to the PTF, but we shall be properly guided.“So very soon we plan to meet with them to work out the modalities for the resumption of Sports in Nigeria.“There is a possibility that the postponed Edo 2020 Sports Festival could still take place this year.”Dare further disclosed that there are plans to have 20 athletes resume training at the High Performance Centre in Port Harcourt, Rivers State to begin preparations for the Olympics. This is to enable them get into shape due to long months of inactivity as a result of the lockdown occasioned by COVID-19.Tags: Edo 2020 National Sports FestivalPresidential Task Force on COVID-19Sunday Dare