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US oil prices jump after massive rout

first_imgStephen Innes, chief market strategist from AxiCorp, said traders were buying at bargain prices, and markets also received a boost following discussions between top producers. Several member states from exporting group OPEC, as well as some allies in the OPEC+ grouping, held a teleconference Tuesday to discuss the “dramatic” situation on oil markets.But it was unclear whether OPEC kingpin Saudi Arabia took part, while Russia’s energy minister did not participate.”Profit-taking set in after the OPEC+ alliance reportedly held an unscheduled conference call overnight,” Innes said. The market is under heavy pressure due to massive oversupply as lockdowns and travel restrictions introduced worldwide to stem the spread of the virus hammer demand. US crude has been particularly hard-hit due to storage problems, as WTI is delivered at a single, inland point.Read also: Devastating oil glut sends prices into negative, Wall Street downThe crisis was worsened by a price war between Saudi Arabia and Russia. They drew a line under the dispute earlier this month and, along with other top producers, agreed to slash output by almost 10 million barrels a day to shore up virus-hit markets. But that has had little effect, with prices continuing to plummet, as analysts predict it will not make up for the massive hit to demand. Jingyi Pan, market strategist with IG, predicted prices would stay low for now.”The overtly bearish sentiment may well keep prices suppressed in the near-term until we find the light at the end of the tunnel with progressive resumption of halted economic activities across the globe,” she said in a note.Topics : United States oil prices surged Wednesday after falling below zero for the first time at the start of the week as markets drown in crude due to a virus-triggered collapse in demand.US benchmark West Texas Intermediate for June delivery was up almost 10 percent at US$12.68 a barrel, paring gains of around 20 percent at the open in Asia.WTI for May delivery on Monday collapsed to an unprecedented low of minus $40.32 as traders scrambled to sell it before the contract expired Tuesday, but could find few buyers with storage capacity fast filling up.  The negative prices meant that traders were forced to pay to have the crude taken off their hands.Read also: A hunt for any storage space turns urgent as oil glut growsEuropean benchmark Brent crude for June delivery bounced more than two percent at the open, but then reversed gains and was trading around three percent lower, with a barrel changing hands for $18.73.It had tumbled to an 18-year low the previous day.last_img read more

Governor Wolf: PA Food Distributors Receive $50 Million for Farmers to Families Food Boxes

first_img SHARE Email Facebook Twitter May 19, 2020 Press Release,  Public Health Governor Tom Wolf announced today that Pennsylvania food distributors will receive more than $50 million of $1.2 billion in funding for the U.S. Department of Agriculture’s Farmers to Families Food Box program. Money will fund the purchase of surplus milk and other dairy products, as well as chicken, pork and fresh produce from Pennsylvania farmers who lost markets for their products due to the COVID-19 pandemic. Distributors will work with food banks and other non-profit organizations statewide to get food boxes to PA families who are facing food insecurity.“This vital funding will put fresh, nutritious food on Pennsylvanians’ tables and money in the pockets of our farmers,” Wolf said. “The Wolf Administration has advocated for this and other targeted support for our farms, and we’re pleased that this funding will complement other dedicated state and federal funding to combat food waste and food insecurity in Pennsylvania.”A complete listing of contracts awarded can be found on the USDA website. Pennsylvania contracts were awarded as follows.ALL Holding Company, Harleysville, Montgomery Co. – $18,000Brian Campbell Farms, Berwick, Columbia Co. – $900,000Clemens Food Group, Hatfield, Montgomery Co. – $3,669,158Common Market Philadelphia, Inc., Philadelphia, Philadelphia Co. – $5,760,000Dertstine’s Inc., Sellersville, Bucks Co. – $5,962,356Farm to Table Buy Local, Pittsburgh, Allegheny Co. – $281,880John Vena Inc, Philadelphia, Philadelphia Co. – $1,800,000Lancaster Farm Fresh Cooperative, Lancaster, Lancaster Co. – $1,365,000Marburger Farm Dairy, Evans City, Butler Co. – $78,636Mid-Atlantic Regional Cooperative/Feeding Pennsylvania, Philadelphia, Philadelphia Co. – $3,772,314Monteverde’s Inc., Pittsburgh, Allegheny Co. – $1,440,000Novick Brothers Corp., Philadelphia, Philadelphia Co. – $502,737Paragon Wholesale Foods, Warrenda, Allegheny Co. – $3,816,000Schneider Dairy Inc., Pittsburgh, Allegheny Co. – $4,270,000Stanley Marvel Inc., Bensalem, Bucks Co. – $14,427,840T.M. Kovacevich, Philadelphia, Philadelphia Co. – $2,054,333Turner Dairy Farms Inc., Pittsburgh, Allegheny Co. – $315,450For more information on food security in Pennsylvania including information about resources and actions taken by the Wolf Administration, visit For the most accurate and timely information related to health in Pennsylvania, visit esta página en español.center_img Governor Wolf: PA Food Distributors Receive $50 Million for Farmers to Families Food Boxeslast_img read more

Elderly importers of lethal drug used in assisted suicide are getting pinged by Customs 22 May 2016Family First Comment: And so they should. Suicide is never the answer.  Elderly New Zealanders are falling foul of the law by being caught importing potentially fatal doses of Nembutal from China and Mexico.Those who have had their shipment discovered at the border include one Nelson couple in their eighties who were visited and warned by the police, although no charges were laid.New Zealand residents, mainly members of the voluntary euthanasia group Exit, have successfully brought in doses, enough for a couple to painlessly end their lives.But others have had their shipment, typically coming in a small package, confiscated on arrival.At a recent meeting of the ‘Nelson Options’ chapter of Exit, International European co-ordinator Tom Curran told the mainly-elderly attendees he was surprised Customs were seizing the drug so often.“China is the most popular or common place for it to come from now, because it’s powder, and it comes in a flat pack just like a letter.READ MORE: read more

Parents fear more disability terminations: ‘We were under immense pressure to have genetic counselling’

first_imgRadio NZ News 19 September 2019Family First Comment: In 2017 the prime minister promised abortion changes would not include removing the gestational limit of 20 weeks for an abortion on the grounds of disability. The Abortion Legislation Bill would allow abortion on the grounds of the woman’s well-being after 20 weeks, on the approval of one health practitioner. Disability groups said changes to the abortion law in Victoria, Australia in 2008 were not as liberal, yet in the following 10 years 1685 abortions were performed after 20 weeks on foetuses with a confirmed or suspected disability. Almost a third of them for Downs Syndrome.Some parents of children with disabilities say they’re concerned the bill will lead to more abortions on the grounds of disability.Parents of children with Downs Syndrome say attitudes have been changing since prenatal screening for disability was introduced about 10 years ago, and they’re afraid people with the disability are becoming more of a minority.Proponents of prenatal screening and the new abortion legislation say it’s all about giving women information, and choice.… the New Zealand Down Syndrome Association said there needed to be far more respect, and health practitioners needed to be aware of the stigma around Downs Syndrome, and they should provide more information and greater support.Diane Burnett is the Auckland representative for the association and said eight years ago when she had her daughter Jada, who has Downs Syndrome, the social and medical pressure was intense when she wanted to opt out of the prenatal screening process.“I didn’t want to have the pressure that medical professionals can put on you to terminate, and the social pressure,” she said.She said women are just not given the full picture when they find out.“They are given very medical and clinical information,” she said.“Figures on heart conditions and health conditions and hearing loss and eyesight problems, and people with Downs Syndrome are not the only people who have those issues.”“They’re not getting what it is actually like to have a child with Downs Syndrome.”NZ edging closer to eradicationWomen spoken to by Checkpoint said the developments in prenatal screening aimed at detecting disabilities has led to an assumption that women will want to terminate a pregnancy if they find out they are carrying a foetus who might have Downs Syndrome.They said that has led to a drop in Downs Syndrome births, and said there was a risk New Zealand could edge closer to what has happened in countries such as Iceland, which has almost completely eradicated it.Iceland has an early prenatal screening process that is not meant to be routine but around 85 percent of pregnant women go through it and almost everyone who receives a positive result for Downs Syndrome decide to terminate.The New Zealand Down Syndrome Association says the ratio here has dropped from 1 in 750 births to 1 in 1200, though those statistics are disputed.Ms Price said women needed more support and hope.“I just find those statistics incredibly heart-breaking,” she said.“I just feel like the world is going to miss out on something by not having Downs Syndrome present and I would just hate to get to the space where we don’t have people like Eden anymore.“I feel like New Zealand is kind of on the knife edge now. These diagnoses, when they come, they are so full of fear. There’s that awful crushing moment, of ‘this was not in the plan, what now?’ And somehow I think we need to do more, not in that moment to say ‘you know what that is a horrible problem let’s just get rid of it, but to say actually ‘there’s a lot of hope around this journey still’.“And I hope that stories like ours can help other women to see and families to see that this life is not a horrible experience, by any stretch.”….Eden’s mother, Rachel has signed an open letter to the Prime Minister, Jacinda Ardern regarding the bill decriminalising abortion. They say in 2017 the prime minister promised abortion changes would not include removing the gestational limit of 20 weeks for an abortion on the grounds of disabilityThe Abortion Legislation Bill would allow abortion on the grounds of the woman’s well-being after 20 weeks, on the approval of one health practitioner.Disability groups said changes to the abortion law in Victoria, Australia in 2008 were not as liberal, yet in the following 10 years 1685 abortions were performed after 20 weeks on foetuses with a confirmed or suspected disability. Almost a third of them for Downs Syndrome.But Professor Stone said choice was paramount and those who choose to have a Downs Syndrome child shouldn’t be telling everyone else to do the same.READ MORE: read more

Dominica Catholic Men host novena in preparation of parish feast

first_img 132 Views   3 comments Tweet Sharing is caring! Share FaithLifestyleLocalNews Dominica Catholic Men host novena in preparation of parish feast by: – July 18, 2011center_img St. Anne’s Catholic Church in Massacre. Photo credit: dioceseofroseau.orgHundreds of pilgrims congregated at the St. Joahcim and St Ann Parish Church in Massacre on Sunday for the beginning of the Annual Novena in preparation for the Parish Feast to be celebrated next week Tuesday.Catholic Priest Father Franklyn Cuffy says today more than ever, the Christian family life is under tremendous attack, and Joachim and St Ann, the grand parents of Jesus are needed more than ever.“There is violence against the family in very subtle ways. We are promoting the responsible family. We are being called by God for a particular responsibility. He is also equipping us to undertake our responsibility,” he said.Evangelist Monsignor William Jno Lewis who is blessed with many talents will preach at the Novena which runs until July 25th.Day two will be hosted by the Dominica Catholic Men Association. Catholic men from all the Diocese of Roseau and the entire country are expected to join the proceedings.Dominica Vibes News Share Sharelast_img read more

Paul Richard Palmer

first_imgPaul Richard Palmer passed away peacefully in Batesville on Friday, July 5, 2019.  The son of Raymond and Lucille (nee: Folk) Palmer was born on September 17, 1929 in Rushville, Ohio.  He was 89 years old.Paul attended Western Hills High School and served in the U.S. Army from 1951 to 1953 during the Korean War era. Paul was owner and operator of Golden Rule Electric located on Elm Street in Cincinnati.  He sold out to Brand Service Center and retired soon after at 56 years old. He loved to golf and had an impressive 9 handicap.  He loved to watch and listen to sports especially basketball and boxing.  He was a boxer in high school and while he was in the service.  Paul enjoyed playing ping pong and watching sports in general.  The avid Reds and Bengals fan was an annual season ticket holder.  He also liked watching old westerns especially John Wayne movies.  Paul was a member of the Batesville VFW 3183.He will be dearly missed by his wife, Margaret (nee: Holt) Palmer; his sister Norma (Ed) Brater, along with multiple nieces and nephews.Paul wished to donate his body to the University Of Cincinnati College Of Medicine.  His ashes will be buried later at Spring Grove Cemetery in Cincinnati, Ohio.A special thank you to the Nurses and Aides at St. Andrews Health Campus for their tireless, compassionate work and support of Paul and his loving wife.Memorials may be given to The Alzheimer’s Association or Charity of Choice c/o the funeral home. Online condolences www.meyersfuneralhomes.comlast_img read more

Women’s Bundesliga get date to restart

first_imgRelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians The women’s Bundesliga will restart following the coronavirus stoppage on May 29, the German Football Association (DFB) said on Wednesday after a meeting with the clubs.The DFB said the competition was among the sports events which had been given the green light to resume by local health authorities who have the final say. “I am very happy that the clubs of the women’s Bundesliga have expressed their unity in favour of continuing the season,” said DFB president Fritz Keller.“This is exactly what we need in the crisis. The return of the women’s Bundesliga to the pitch is another important step towards a kind of normality in football as well as in society.“The women’s Bundesliga is thus taking on a pioneering role in international women’s football.”The men’s Bundesliga resumed last Saturday, and it is the first major European league to do so.Reuters/NAN. Tags: CoronavirusCOVID-19German Football AssociationRestartWomen’s Bundesligalast_img read more

EPL: Obafemi spoils Man U’s Champions League party

first_imgManchester United’s Champions League chase stalled as substitute Michael Obafemi struck in stoppage time to earn dogged Southampton a deserved draw at an empty Old Trafford.The Court of Arbitration for Sport’s decision to lift Manchester City’s two-season European ban meant a fifth-placed Premier League finish would not be enough to seal a return to the continent’s top table. United looked set to move up to third after Marcus Rashford and Anthony Martial turned things around following Stuart Armstrong’s early opener, only for Obafemi to direct home at the death to seal a 2-2 draw.Ole Gunnar Solskjaer’s side remain fifth after blowing the chance to move ahead of Chelsea and Leicester on Monday night, when the frustration was clear on the face of the Norwegian and his players.Ralph Hasenhuttl’s men deserved a share of the spoils, though.Their relentless pressure forced Paul Pogba into an early error that Armstrong capitalised on.But United produced a response that the watching Sir Alex Ferguson would have been proud of, with Rashford equalising in the 20th minute and Martial turning things around with a superb strike three minutes later. Southampton midfielder Oriol Romeu was fortunate to avoid punishment for a foul on Mason Greenwood in a first half that made way for cagey second period, with David De Gea producing a superb stop to deny Nathan Redmond late on.United looked set to hold on, only for Obafemi to get to a corner before Victor Lindelof to snatch a late point for Saints.Both managers stuck with unchanged sides having impressed since the restart and Saints started on the front foot in the north west.But early poise in possession veered into over-confidence when James Ward-Prowse uncharacteristically lost control, with Martial pouncing on the loose ball and forcing Alex McCarthy into a superb one-handed save.That chance was against the run of play as United were penned back and given little time to breathe, with the visitors’ constant pressing bringing them an opener inside 12 minutes. Danny Ings caught Pogba in possession just outside his own area and the ball fell to Redmond, who clipped a lovely cross over to Armstrong, who took a touch and slammed home at the far post.It was a nightmare start for United but, just like their last home match against Bournemouth, they quickly turned things around.While Rashford was rightly adjudged offside before turning home a Luke Shaw cross, he would find a 20th minute leveller.Pogba’s cross into the box was held up under pressure by Martial, who managed to prod through for the England forward to strike low past McCarthy.RelatedPosts Ighalo: My best moment as ‘Red Devil’ EPL: Crystal Palace stun sloppy Man U EPL: Red Devils attack Palace And, by the 23rd minute, United had turned things around.Martial took possession from Bruno Fernandes on the left and cut inside past Kyle Walker-Peters before unleashing a thumping strike into the top left-hand corner.McCarthy prevented Pogba adding a third from distance, but the drinks break had taken the sting out of a helter-skelter opening.The main talking point after that was Romeu’s challenge on Greenwood, which somehow avoided punishment by VAR.Saints returned from the break with renewed hunger as Redmond and Ings looked to draw them level, with Armstrong seeing penalty appeals ignored.Rashford went close with a dipping shot at the other end, but Solskjaer’s frustration at their inability to finish the game off was underlined by a furious bellow at Fernandes.Rashford saw an effort somehow blocked from point-blank range, with Shaw limping off before Martial blazed into the Stretford End after a slaloming run.But Saints were continuing to ask questions, posing problems down the flanks and testing United’s resolve.De Gea forced a wonderful fingertip stop to thwart Redmond before a sickening collision between Walker-Peters and Brandon Williams led to a lengthy break in play.But instead of ending in a whimper, the game provided late drama as Obafemi turned home a stoppage-time corner to the disbelief of the United contingent.Tags: Court of Arbitration for SportsManchester UnitedMichael ObafemiOld TraffordUEFA Champions Leaguelast_img read more

Stocks Freeze for Third Time to Prevent Coronavirus Crash

first_imgTrading on Wall Street was halted seconds after the opening bell.The Dow Jones Industrial Average plunged more than 22-hundred points lower at the opening bell on Wall Street.The slide continues despite the Federal Reserve cutting interest rates to zero over the weekend.The Federal Reserve made the emergency move to stop the economic bloodshed fueled by the coronavirus.The new federal funds rate is zero to one-quarter percent. It’s also launching a massive $700-billion quantitative easing program is also going into effect. God Bless the USA!— Donald J. Trump (@realDonaldTrump) March 16, 2020 Trading has resumed on Wall Street after a third freeze to prevent a crash. Circuit breakers were tripped after the Dow Jones Industrial Average and S&P 500 both fell by more than 8% seconds after the opening bell.This is the third time in the last week that trading was halted.Trading was halted today for the third time in six sessions as the S&P 500 fell more than 7%, despite the Fed’s earlier attempt to counter the impact of coronavirus by cutting interest rates to near zero. Here’s what we’re watching in the markets today. #WSJWhatsNow— The Wall Street Journal (@WSJ) March 16, 2020last_img read more

In Photos: Ferguson protest reaches USC campus

first_img Benjamin Dunn | Daily Trojan Razan Al Marzouqi | Daily Trojan Benjamin Dunn | Daily Trojan Benjamin Dunn | Daily Trojan Here are some social media posts illustrating Monday night’s events:[<a href=”//” target=”_blank”>View the story “Ferguson protest reaches USC campus” on Storify</a>] Joseph Chen | Daily Trojan Joseph Chen | Daily Trojan Daily Trojan reporters and photographers were on the scene Monday night following the protesters marching near the university on Figueroa Street, causing the USC campus to lockdown. The demonstrators were protesting following a Missouri grand jury decision to not indict police officer Darren Wilson in the fatal Aug. 9 shooting of black teenager Michael Brown. For more, read our story here. Joseph Chen | Daily Trojan Benjamin Dunn | Daily Trojan Razan Al Marzouqi | Daily Trojan Benjamin Dunn | Daily Trojan Joseph Chen | Daily Trojan Razan Al Marzouqi | Daily Trojan Razan Al Marzouqi | Daily Trojan Joseph Chen | Daily Trojan Benjamin Dunn | Daily Trojan Joseph Chen | Daily Trojancenter_img Benjamin Dunn | Daily Trojan Razan Al Marzouqi | Daily Trojan Joseph Chen | Daily Trojan Razan Al Marzouqi | Daily Trojan Benjamin Dunn | Daily Trojan Benjamin Dunn | Daily Trojan Joseph Chen | Daily Trojan Benjamin Dunn | Daily Trojan Joseph Chen | Daily Trojan Benjamin Dunn | Daily Trojan Benjamin Dunn | Daily Trojan Benjamin Dunn | Daily Trojan Benjamin Dunn | Daily Trojan Benjamin Dunn | Daily Trojan Razan Al Marzouqi | Daily Trojan Joseph Chen | Daily Trojanlast_img read more