Glencore Asks for Arbitration on Dispute with Newcastle Port

first_imgzoom Sydney-based mining company Glencore Coal Assets Australia (Glencore) has called for an arbitration to settle an access dispute with Port of Newcastle Operations (PNO) in relation to the shipping channel service at the port, according to the Australian Competition and Consumer Commission (ACCC).Glencore requested that the ACCC arbitrate on the dispute, which relates to the level of access charges, and access terms, set by PNO for users of the shipping channel service at the port, which was declared under Part IIIA of the Competition and Consumer Act 2010 (CCA) by the Australian Competition Tribunal in June 2016.The declared shipping channel service is “the provision of the right of access and use of the shipping channel (including berths next to walls as part of the channel) at the port, by virtue of which vessels may enter the port precinct and load and unload at relevant terminals located within the port precinct and then depart the port precinct.”“An ACCC arbitration would seek to identify a solution that balances the interests of both parties and promotes the economically efficient use and operation of these services,” Rod Sims, ACCC Chairman, said.Sims added that the ACCC’s role to arbitrate under Part IIIA only applies to declared services. As the declaration of the shipping channel service is currently the subject of an application for judicial review by the Full Federal Court, Sims said that “if that challenge is successful, the arbitration process will stop.”The ACCC must make a final determination within 180 days from the day a dispute notification is received.In May 2015, Glencore applied to have the shipping channel service at the Port of Newcastle declared. In January 2016, the Minister decided not to declare the service and Glencore applied for review of this decision by the Australian Competition Tribunal. The Tribunal declared the shipping channel service under Part IIIA of the CCA in June 2016.PNO subsequently applied for judicial review of the Tribunal’s decision by the Full Federal Court.last_img read more

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Cayman Mckeeva Bush Ran Up 33k Debt – Trial Begins

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items:cayman islands, mckeeva bush Facebook Twitter Google+LinkedInPinterestWhatsApp(Cayman News Service):As the former premier’s slot machine gambling appeared to intensify in the early months of 2010, the crown said McKeeva Bush ran up a debt of over $33,000 withdrawing cash on his Cayman Islands Government credit card to play in casinos in the US and the Bahamas. During a week’s trip to Vegas in February, Bush was gambling hard and withdrew over $12,000 cash on the card and just a few weeks later on a short official trip to the Bahamas and Miami he touched the card for more than $17,000, the court heard Tuesday as Bush’s trial continued. These amounts were on top of an existing and mounting cash debt already on the card. At that time, the crown said, Bush hadn’t made any payments back to government since December 2009 leaving the public purse to carry the debt burden.During the second day of the leader of the opposition’s trial for corruption and misconduct offences the jury heard that Bush’s efforts to get cash intensified, in 2010 as did his hours at the slots as well as his lossesCounsel representing the crown, Duncan Penny QC, told the jury that while Bush paid back some of the $33,000 several weeks after his gambling trips there was a sum of more than $10,000 outstanding which remained that way for more than two and a half years. It was not until the premier learned that his credit card statements were being investigated by police that he paid back the remaining debt, Penny told the court, as he began to wrap up his opening statement describing the crown’s case relating to the abuse of Bush’s government corporate credit card.Penny detailed the major withdrawals during two trips in 2010 where Bush’s use of his government card across the casinos grew as he accessed much larger amounts including his single largest cash withdrawal on the corporate card in Florida in March when he cashed $4000 on the casino floor.Having lost over $57,000 in Vegas, during a week-long personal trip which he had combined with a brief official appearance at the Winter Olympics in Vancouver, where he also gambled, Bush lost a further $45,000 in Florida a month later. He also was said to have lost an unknown amount in the Bahamas, where he was drawing money from various casinos. All of this was adding to his own personal credit card debts as well as the mounting personal bill on his CIG card.Describing the acceleration in the credit card debt, as he completed the summary of the crown’s case, Penny explained that Bush had begun to use the cashier system on the casino floors and sign for the credit card cash advances rather than use the ATMs. The lawyer said this was because Bush was able to access more cash that way than via the teller machines which limited his daily cash amounts.“The defendant became wise to the fact that the credit card was limited at the ATM to just $1000 per day,” he said, explaining that Bush began using the cashier services where he could sign for cash. Having started the previous July taking $500 here and $100 there on the government card Bush was now making withdrawals in the $1000s.The lawyers said that the money Bush was “so keen to get his hands on was going back into the hungry machines” as he added to his loses.Following the loss of more than a quarter of a million dollars since July 09 of his own money as well as that he had borrowed from the public purse, the court heard that Bush appeared to be in no hurry to pay back what he owed when he returned from the March trip.On his return from the Bahamas and Florida, having taken well over $17,000 in cash on the casino floors or from ATMs during the four day trip, which was for tourism related business, he made no immediate payments when he was sent the reconciliation memo as usual in the immediate wake of the official travel. Despite knowing, the crown’s attorney claimed, that the money he had taken on that card was not for any legitimate business purpose, Bush made no effort to make prompt payment to return the public money.However, some six weeks later he made the first of three random payments.The first was for CI$9,000 on 1 April then three weeks later a second cheque was written for US$13,000 and shortly after one for a CI$1000. A further trip after that in which he drew just $1000 in cash from a Florida Casino while playing the slots, according to the loyalty card, left an estimated debt of just over CI$10,000 which remained that way for about two and a half years.Despite efforts being made by some civil servants to press Bush to reconcile his credit card either with receipts or a written explanation or to pay back outstanding personal sums there was no money forthcoming from the premier until the matter was under investigation by the police.In early November 2012, the police issued a production order to the deputy governor for the premier’s credit card statements which were handed over to the investigating officers. Bush appears to have heard about the investigation into his cards and called Franz Manderson, the deputy governor, to ask him if his statements had been given to the police, which the top civil servant confirmed was correct. It was then that Bush said he had not known about the outstanding balance and made another payment of some $9000 to the government coffers.As he summarized the crown’s case against him Penny told the jury that Bush had breached his duty as a premier when he abused the card and allowed the public purse to carry a growing debt burden which was down to the then premier’s risky and addictive gambling habit. He said Bush began treating the government card like his own personal card as soon as it was given to him and his using the card for gambling was an affront to his high office.He said Bush had shown a disregard for the public trust when he used that card in casinos to get cash for gambling and then made no effort to pay it back before government began to carry the debt. “He allowed government to carry the burden to the tune of $10,000 for two and a half years and only paid it back when he was aware of the investigation,” the lawyer said.Penny closed his opening statement to the jury at around 11-30am on Tuesday morning.Bush has persistently denied the allegations against him, which include 11 counts of breach of trust and misconduct in public office, all of which relate to cash withdrawals at casinos made on a government credit card during his first year in office after he was re-elected in 2009 as the country’s leader. Bush has described the charges as a political witch-hunt to discredit him and the Cayman Islands by the FCO.The case continues in Grand Court One on Wednesday at 10am with the crown’s first witness, the financial secretary Kenneth Jefferson. Recommended for you Minister Presents Budget Culture & Heritage Policy/Plan Survey UK Governors of the Caribbean meet in Miamilast_img read more

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Abused foreign spouses to get rights to remain in TCI

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items:abused spouse, immigration bill Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 10 Aug 2015 – The House of Assembly will soon have the opportunity to consider an amendment to the Immigration Bill which should protect abused spouses of Turks and Caicos Islanders. It has long been an issue that these multi-national marriages, which end in chaos, can lead to alleged unfair treatment of the foreign partner. It seems the PNP Administration is moving to level the playing field with a change that would make it perfectly legally for a foreign partner to remain in the country. Those Cabinet minutes explained: “The effect of this Bill is to amend the definition of “gainful occupation” and to make provision for the foreign spouses of TCI Status-holders to continue to work in the Islands in circumstances where they are no longer living together with their spouse because said spouse have treated them cruelly, causing them hardships.” Nearly 1000 Participate in Immigration Bill Consultations More pathways to Citizenship in TCI to enlarge franchise Immigration Bill passes through Houselast_img read more

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Netflix to Launch Comedy Radio Channel on SiriusXM

first_img ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 Popular on Variety The Netflix comedy channel will be exclusive to SiriusXM. It marks the streaming-video company’s entry into audio programming — and the first time it has worked with an outside subscription-media provider to create a Netflix-branded product, according to the companies.Over the past two years, Netflix has aggressively moved into acquiring stand-up comedy specials. It reportedly paid big-name comedians including Chris Rock and Dave Chappelle $20 million per special. Other top comedians who have released Netflix specials include Amy Schumer, Aziz Ansari, Ali Wong, Ricky Gervais, Jim Gaffigan, John Mulaney, and Jerry Seinfeld (whose latest season of “Comedians in Cars Getting Coffee” also is on Netflix).Content from those comics is expected to be featured on Netflix’s SiriusXM channel, along with other Netflix stand-up specials from comedians including: Gabe Iglesias, Joe Rogan, Trevor Noah, Bo Burnham, Bill Burr, Marc Maron, John Mulaney, Sarah Silverman, Hannibal Burress, Mike Birbiglia, Jo Koy, Patton Oswalt, Maria Bamford, Jim Jefferies, and Anthony Jeselnik.Netflix’s original programming for the new SiriusXM channel, in terms of talent format, is still under discussion between the companies.In addition, the SiriusXM channel is expected to include programming from Netflix’s comedic talk shows, although the specific details are still yet to be determined. Shows on Netflix in this category include “The Break with Michelle Wolf,” “Norm Macdonald Has a Show,” and “My Next Guest Needs No Introduction with David Letterman.”Among Netflix’s other punches into comedy, the company last week announced a comedy-event series set to launch in 2019 featuring 47 comedians from 13 regions around the world. It also recently launched “The Comedy Lineup,” a series of 15-minute specials featuring a range of up-and-coming comedians.Pictured above: Chris Rock in his “Tamborine” comedy special on Netflixcenter_img Netflix is getting into the radio biz: The streamer has entered into a pact with SiriusXM to launch a 24-hour comedy channel set to debut by January 2019.For Netflix, the channel on SiriusXM will be a promotional vehicle for its broad lineup of stand-up specials from comedians including Chris Rock, Dave Chappelle, Amy Schumer and Jerry Seinfeld. The company also plans to create original content for “Netflix Is a Joke” — a working title for the channel, which is the tagline for its marketing campaign around comedy — with affiliated comedians talent.“Netflix is producing an incredible amount of world-class comedy programming from top global talent that will become the backbone of our new SiriusXM/Netflix channel,” Scott Greenstein, president and chief content officer for SiriusXM, said in a statement.last_img read more

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Will Bloom box replace power grid Details on Wednesday w Video

first_img Algae bloom fouls Florida Keys © 2010 PhysOrg.com (PhysOrg.com) — The hot energy news for this week comes in the form of a small box called the Bloom box, whose inventor hopes that it will be in almost every US home in the next five to 10 years. K.R. Sridhar, founder of the Silicon Valley start-up called Bloom Energy, unveiled the device on “60 Minutes” to CBS reporter Leslie Stahl on Sunday evening. Although Sridhar made some impressive claims on the show, he left many of the details a secret. This Wednesday, the company will hold a “special event” in eBay’s town hall, with a countdown clock on its website suggesting it will be a momentous occasion – or at least generating hype. Explore further Sridhar explained that the fuel cells inside the Bloom boxes are made from sand turned into thin ceramic squares, each side coated with a green or black “ink.” A single cell can power about one light bulb, but a stack of 64 of the cells could be “big enough to power a Starbucks,” Sridhar said. In between each disk there’s a metal plate, but the Bloom box supposedly uses a cheap metal alloy instead of expensive platinum. One of Bloom Energy’s early critics, Michael Kanellos of Green Tech Media, noted that researchers have been working with fuel cells since the 1830s. On “60 Minutes,” he told Stahl that, if Sridhar succeeds in making the technology affordable and efficient, there will likely be others that can, too.“The problem is then G.E. and Siemens and other conglomerates probably can do the same thing,” he said. “They have fuel cell patents; they have research teams that have looked at this,” Kanellos said.”What do you think the chances are that in ten-plus years you and I will each have a Bloom box in our basements?” Stahl asked Kanellos.”Twenty percent,” he said. “But it’s going to say ‘G.E.'”Further details on the Bloom box – its efficiency; the materials it’s made of; how much carbon dioxide, water, heat, and other emissions it produces – are still secret. In a blog post Monday afternoon, Kanellos said that he had found a US patent filed by Bloom in 2006 and granted in 2009 that mentions the material “yttria stabilized zirconia” as well as electrodes made of metals in the platinum family – although this doesn’t necessarily mean anything. More information may be revealed at Wednesday’s event, which will feature John Doerr, partner in the venture capital firm Kleiner Perkins, which has provided financial assistance to the company. (Sridhar told Stahl that an estimate of $400 million raised by Bloom so far is “in the ballpark.”) Former Secretary of State Colin Powell, a member of Bloom Energy’s board, is also scheduled to be in attendance.• Join PhysOrg.com on Facebook!• Follow PhysOrg.com on Twitter! More information: CBScenter_img As Sridhar explained to Stahl, the Bloom box is a new kind of fuel cell that produces electricity by combining oxygen in the air with any fuel source, such as natural gas, bio-gas, and solar energy. Sridhar said the chemical reaction is efficient and clean, creating energy without burning or combustion. He said that two Bloom boxes – each the size of a grapefruit – could wirelessly power a US home, fully replacing the power grid; one box could power a European home, and two or three Asian homes could share a single box. Although currently a commercial unit costs $700,000-$800,000 each, Sridhar hopes to manufacture home units that cost less than $3,000 in five to 10 years. He said he got the idea after designing a device for NASA that would generate oxygen on Mars, for a mission that was later canceled. The Bloom box works in the opposite way as the Mars box: instead of generating oxygen, it uses oxygen as one of the inputs.Video: The Bloom box on “60 Minutes.”Although Sunday was the first time Bloom Energy came public with the Bloom box (there’s not even a sign on the company’s building), several devices are already being used by about 20 well-known companies. Google, FedEx, Walmart, eBay, Staples, and others have taken advantage of tax credits to purchase the Bloom boxes, and they’re seeing cost savings in their energy bills. For example, four refrigerator-sized units have been powering a Google datacenter for the past 18 months, using about half as much natural gas as would be required to generate the same amount of energy at a traditional power plant. And at eBay, five units running on bio-gas made from landfill waste that were installed nine months ago have saved the company more than $100,000 in electricity costs, said eBay CEO John Donahoe on “60 Minutes.” Donahoe added that, on a weekly basis, the Bloom boxes generate five times as much power than the 3,000 solar cells that are installed on the roofs of the company’s buildings. Citation: Will Bloom box replace power grid? Details on Wednesday (w/ Video) (2010, February 23) retrieved 18 August 2019 from https://phys.org/news/2010-02-bloom-power-grid-wednesday-video.html K.R. Sridhar holds two Bloom boxes, which together he says could power a US home. Credit: CBS. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

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