Purpose is a two-faced god

first_imgPurpose is a two-faced godOn 1 Feb 2001 in Personnel Today Is the law deliberately designed to make your life difficult? Some days itis hard to believe it isn’t. Here two leading lawyers sound off about someparticularly topical bugbears. And, they warn, don’t expect things to get anybetter…Purpose is a two-faced godBusiness constantly asks the law to give certainty. Increasingly it fails todo so and many wonder why. One reason is that these days we are constantly toldthat our laws should be interpreted “purposively”. In other words,look for what the legislator intended to mean and don’t worry to much about thewords actually used. This can be beneficial – it plainly makes the law lessrigid – but it is not a good recipe for certainty. This is particularly so whenthere are different views as to the chief purpose of a particular law. Purposecan vary with the perspective of the onlooker and this can foul things up foreveryone. Take an example from The Transfer of Undertakings (Protection of Employment)Regulations. Many people buying businesses plan changes to increase efficiencyand profitability. Most of these changes will be “measures” withinEuropean and domestic law. Since 1981 the law has required measures to be thesubject of consultations with employee representatives. Employers are requiredto consult “with a view to reaching agreement”. It seems from this that the legislator would take a benign view whennegotiations take place and result in an agreement being reached. In otherwords the purpose of this law is to encourage agreements. What could be betterthan employers and employees considering the future of a business together andagreeing a way forward? Then see what the judges did with this law. According to the ECJ and theHouse of Lords, any agreements reached by employees in these consultations arenot binding. The judges’ reasoning is that, in their view, the principlepurpose of the directive is to protect employee’s rights. Apparently, employeesneed protection so much that their elected representatives or trade unionscannot be trusted to look after them when a business changes hands, even if thenew deal leaves employees better off. So, like Janus, purpose seems to be a godthat looks in two directions at once. Many will ask: why bother to consult if no agreement can be relied upon?Because, to add insult to injury, you will be sued if you don’t. The law saysthat you may have to pay up to 13 weeks’ pay to each affected employee if youdo not consult. Remember, too, what may have to be done to begin consultation.If a workplace has no recognised trade union (and three-quarters of workers inthe UK are not in trade unions) or no representatives exist, then electionsmust be held to identify them. The trouble here is that no one has been able to cut through the morass ofgood intentions and settle on a sensible balance of interests. In 1998 the DTItried to persuade European legislators to allow representatives to do deals foremployees without success. In the end everyone is left to muddle throughdespite the law – all because the judges and legislators cannot agree on itspurpose. Fear the worst: there is much more where this came from! Stephen Levinson is a partner at KLegal, the law firm associated withKPMG Guilty until proven innocent?Handling a sexual harassment claim is one of the most difficult problemsfacing employers. The sensitive nature of such complaints, the potential forunlimited compensation and above all the difficulty in balancing the rights ofthe victim and the alleged harasser while determining the issues, means eventhe most experienced human resources manager must tread carefully. The latest Equal Opportunities Review survey reveals that compensation insex discrimination cases averaged £7,208, representing only a 5 per centincrease over the previous year. This contrasts with an increase of no lessthan 65 per cent in compensation in race discrimination cases now running at anaverage of £9,948.   There were only 206sex discrimination cases which resulted in compensation awards and thestatistics suggest that sexual harassment which, after all, only represents apart of the discrimination total, is, at least in terms of financialconsequences for employers, small beer. However, the practical experience suggests the reality is rather different.The great majority of cases settle, and no figures are available which giveeither the numbers or the compensation paid. The true cost to the employerincludes absences through ill health, management time spent in investigation,compensation paid to victims, costs of replacing staff sacked for harassmentand, of course last but not least, lawyers’ fees.  If identifying harassment is sometimes difficult, determining liability canalso be complex. The “strict liability” test raises the spectre ofemployers being liable for the actions of employees in the course of theiremployment. Employers will be held liable for sexual harassment about whichthey were informed but which they did not seek to remedy. But what if the employerdoes not know about the harassment? An employer is still potentially liable forthis because the law actually states that the employer is liable for adiscriminatory act by an employee “whether or not it was done with theirknowledge.”There is no doubt that sexual harassment can blight the lives not only ofvictims, but also those wrongly accused. While it is not always easy to form aview on the rights and wrongs of a particular case, I am confident I haveencountered instances where a relatively junior employee has “played thesexual harassment card” in an attempt to wreck the career of a seniorconsidered, for one reason or another, to be an enemy. No smoke without fire isan all too common reaction. It is vitally important that the investigation processwill not only uncover sexual harassment where it takes place, but also thosewho make wrong accusations who should, of course, themselves then be subject todisciplinary action. The position under UK law is that the onus of proof always remains with theperson alleging sexual discrimination albeit, where less favourable treatmentis established and not explained, the court or tribunal is permitted to draw aninference of discrimination. This is all set to change under a EuropeanDirective on the burden of proof in sex discrimination law. The UK has until 22July to comply. The directive requires that when people establish facts fromwhich it may be presumed there has been direct or indirect discrimination, itshall be for the employer to prove that there is no breach of the principle ofequal treatment. It might be thought this would have no obvious application in sexualharassment. What facts have to be established in order for there to be apresumption of discrimination resulting in a reverse of the burden of proof? This is not an easy question. If special attention given to an individualwas shown, would it then be presumed that that was on account of sex? Wouldthat create a situation where the burden passed and any doubt had to beresolved in favour of the person alleging sexual harassment?  How would that stand in relation to theHuman Rights Act? These are all difficult questions but at the very least, theburden of proof directive can only encourage sex discrimination claimsincluding those relating to harassment. Anthony Fincham is employment partner at CMS Cameron McKenna Comments are closed. Previous Article Next Article Related posts:No related photos.last_img read more

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Website of the week: www.longservice.com

first_imgWebsite of the week: www.longservice.comOn 4 Dec 2001 in Personnel Today Comments are closed. Previous Article Next Article Nobody acknowledges the importance of rewarding long service more than HR,but finding the time to administer and manage it in a structured way isn’talways easy. Longservice.com, owned and run by WH Business Gifts, offers asimple, Web-based system that takes care of the whole business. Service periodscan be determined online (for instance, five years, 10 years and so on) and arecognition level allocated for each one. Once Longservice is supplied with thenecessary employee data (this can be done annually or monthly), the systemrecognises when an employee is coming up for a service reward, and provides fora gift to be chosen for them or by them from the appropriate recognition level,and then delivers it. HR can control whether it wants the gift to be deliveredto the recipient’s home or to be presented, and can choose from optionsincluding personalisation. There is no set-up fee or contractual agreementrequired, and the service can be extended to birthdays and leaving presents.The site allows you to take a simple tour and clicking on the “HRinvolvement” section will explain exactly what the HR department has to doto get it up and running. Related posts:No related photos.last_img read more

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USA: Eisenhower CSG to Deploy

first_img View post tag: CSG USA: Eisenhower CSG to Deploy View post tag: Naval Share this article View post tag: News by topic June 19, 2012 Training & Educationcenter_img View post tag: Eisenhower The Eisenhower Carrier Strike Group (IKE CSG), with nearly 6,000 Sailors, is scheduled to deploy from Naval Station Norfolk, Va., and Naval Station Mayport, Fla., June 20, to support operations in the U.S. Navy’s 5th and 6th Fleets.The aircraft carrier USS Dwight D. Eisenhower (CVN 69), commanded by Capt. Marcus A. Hitchcock, guided-missile destroyers USS Winston S. Churchill (DDG 81) and USS Jason Dunham (DDG 109) will deploy from Naval Station Norfolk.Guided-missile cruiser USS Hue City (CG 66) and guided-missile destroyer USS Farragut (DDG 99) will deploy from Naval Station Mayport.Working with allied and partner maritime forces, the IKE CSG deployment will focus heavily on maritime security operations and theater security cooperation efforts.IKE CSG has successfully completed a series of complex training events and certifications over the last several months to ensure they operate effectively and safely together.Commanded by Rear Adm. Michael Manazir, IKE CSG is comprised of Carrier Strike Group (CSG) 8, embarked Carrier Air Wing (CVW) 7, embarked Destroyer Squadron (DESRON) 28, Winston S. Churchill, Jason Dunham, Hue City and Farragut. The aircraft squadrons of CVW 7 embarked aboard IKE are: The squadrons of CVW-7 include strike fighter squadrons VFA-143 “Pukin Dogs”, VFA-131 “Wildcats”, VFA-83 “Rampagers” and VFA-103 “Jolly Rogers”; tactical electronics warfare squadron VAQ-140 “Patriots”; carrier airborne early warning squadron VAW-121 “Bluetails”; Fleet Logistics Support Squadron 40 “Rawhides and helicopter anti-submarine squadron HS-5 “Nightdippers.”[mappress]Naval Today Staff, June 19, 2012; Image: US Navy Back to overview,Home naval-today USA: Eisenhower CSG to Deploy View post tag: DEPLOY View post tag: Navylast_img read more

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USA: Early End for Ice Camp Nautilus

first_imgBack to overview,Home naval-today USA: Early End for Ice Camp Nautilus Share this article View post tag: News by topic View post tag: Camp ICE CAMP NAUTILUS Commander, Submarine Forces (COMSUBFOR) announced an early end to Ice Camp Nautilus on March 23. The ice camp was a temporary structure built and operated especially for Ice Exercise 2014 (ICEX-2014). View post tag: Naval USA: Early End for Ice Camp Nautilus View post tag: early View post tag: Defense View post tag: Nautilus Training & Education View post tag: Ice Personnel at Ice Camp Nautilus, which is built into the ice floe north of Prudhoe Bay, Alaska, began a careful breakdown of the camp Sunday.ICEX-2014 began March 17 and was scheduled to continue through March 30. However, large shifts in wind direction created instabilities in the wind-driven ice floes of the Arctic Ocean, and these changes in the prevailing winds between March 18th and March 20th led to multiple fractures in the ice near the camp. These cracks prevented the use of several airfields used for transporting personnel and equipment to the ice camp. The rapidly changing conditions of the ice, along with extremely low temperatures and poor visibility hampered helicopter operations and made sustaining the runway potentially risky.The Virginia-class attack submarine USS New Mexico (SSN 779) and the Los Angeles-class attack submarine USS Hampton (SSN 767) will continue to gather data and conduct ice-related exercises until they transit out from under the ice.Submarines have conducted under-ice operations in the Arctic regions in support of inter-fleet transit, training, cooperative allied engagements and operations for more than 50 years. USS Nautilus (SSN 571) made the first submerged transit to the North Pole in 1958. USS Skate (SSN 578) was the first U.S. submarine to surface through arctic ice at the North Pole in March 1959. Since those events, the U.S. Submarine Force has completed more than 120 Arctic exercises with the last being conducted in 2012. The last ice camp was established in 2011. Since 1987, most of these have been conducted in conjunction with Royal Navy submarines.[mappress]Press Release, March 25, 2014, Image: US Navy View post tag: Navy March 25, 2014 View post tag: end View post tag: Defencelast_img read more

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Polenta Cake’s warm welcome

first_imgDesserts company Vittles Foods (Leicester) says it has had an eager response to its new Olive Oil and Polenta Cake.Martin Zalesny, director of the company and former pastry chef, comments: “We launched the cake in February, and we’ve already received an overwhelming number of orders. Although it’s a very traditional Italian recipe, I think people are attracted by the savoury nature of the ingredients. In fact, it’s a really sweet, moist cake.Vittles produces a large number of products, but Mr Zalesny says there is a dedication to quality and detail. “Working by hand is still very much a part of the way we operate,” he says.“There are simply some jobs that machines will never do as well as a skilled chef. Every one of our cakes is put together with a lot of care and attention. I don’t want that to change.”last_img read more

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Bob Weir And Wolf Bros Welcome Kenny Brooks, Debut Songs At Intimate Blue Note Shows [Full Pro-Shot Video]

first_imgOn Monday, Bob Weir and Wolf Bros played a pair of last-minute shows at New York City’s intimate Blue Note Jazz Club, utilizing a few days off in the band’s touring schedule. Weir, Don Was, and Jay Lane announced the surprise shows on Sunday afternoon, giving fans a chance to enter a lottery system with a short window of time. Grateful Dead fans spotted bassist Phil Lesh and his son Grahame (Lesh) in the 200-capacity club, which was full of a very attentive group of attendees due in part to Blue Note’s no cell phone policy.Bob Weir and Wolf Bros opened up their first set with “Dark Star”, ultimately weaving in and out of the tune for the entirety of their early set. The trio then invited up longtime Weir collaborator and RatDog saxophonist Kenny Brooks for a jam on John Coltrane‘s “A Love Supreme” before continuing to weave in and out of “Dark Star”, throwing covers of Little Willie John’s “Fever” and Little Feat’s “Easy To Slip” in the mix.Transitioning back into their three-piece configuration, Wolf Bros dove back into “Dark Star”, which was followed up by “Playing In The Band”, a “Supplication” jam, and a take on Bob Dylan‘s “When I Paint My Masterpiece”. Bob Weir and Wolf Bros invited Kenny Brooks back up for the remainder of their early show as they transitioned back into “Supplication” terriory before finally closing out “Dark Star” and reprising “Playing In The Band” to bring the 75-minute set to a close. The four-piece delivered a lone encore with “Ripple” to send their early show crowd packing.Following a break, Weir, Lane, and Was reemerged to open their late show with “Eternity”, a Weir and Rob Wasserman collaboration that had not been in Weir’s live repertoire for more than a decade until he dusted it off on Wolf Bros inaugural tour in 2018. Kenny Brooks joined the band for an improvisational take on “Bird Song”, before the band hopped back into their three-piece format as they moved forward with Bob Dylan’s “Most Of The Time”, “New Speedway Boogie”, and the Bob Weir and Wolf Bros debut of “Morning Dew”. Brooks reemerged to help the band close out their late show with “Not Fade Away”. Weir, Lane, and Was were still basking  in the energy of their set-closer as the trio took the stage to open up their encore with a reprise of “Not Fade Away”, which was followed up by another Wolf Bros debut, “Oh Boy!”, a song made popular by Buddy Holly in the late 1950s.Watch pro-shot video of both of Bob Weir and Wolf Bros’ Blue Note Jazz Club sets below via Nugs.tv:Bob Weir and Wolf Bros – 3/11/2019 [Pro-Shot Video][Video: nugsnet]Bob Weir and Wolf Bros are currently in the midst of their 20-date late-winter tour that spans through March 30th. Next up for the trio is a two-night run at Red Bank, NJ’s Count Basie Theatre on Wednesday and Thursday, March 13th and 14th.For a full list of the band’s upcoming tour dates and ticketing information, head to Bob Weir’s website.Setlist: Bob Weir and Wolf Bros | Blue Note Jazz Club | New York, NY | 3/11/2019Early Set: Dark Star v1 > A Love Supreme Jam* > Dark Star* > Fever* > Dark Star* > Easy To Slip* > Dark Star, Playing In The Band > Supplication Jam > When I Paint My Masterpiece > Supplication Jam* > Dark Star v2* > Playing In The Band Reprise*Encore: Ripple** – w/ Kenny BrooksLate Set: Eternity > Bird Song*, Most Of The Time, New Speedway Boogie > Morning Dew > Not Fade Away*Encore: Not Fade Away Reprise > Oh Boy!* – w/ Kenny Brookslast_img read more

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London Aladdin Star Trevor Dion Nicholas on Standbys, Friendship & Loving London

first_img View Comments The Disney musical Aladdin has hopped a magic carpet to London for what looks set to be a long run at the Prince Edward Theatre in a West End premiere that has made a star out of American performer Trevor Dion Nicholas as the Genie. An alum of the ongoing Broadway production, where he was the standby for three roles (Genie included), Nicholas was clearly relishing his much-deserved moment in the spotlight when Broadway.com caught up with him one recent afternoon. You’ve been part of Aladdin for 18 months now, but how did you first get connected to the show?I remember watching the “Friend Like Me” performance on the Tonys [in 2014] and thinking, “that looks like something I could possibly do—that could be in my wheelhouse.” Skipping ahead, I ended up later that same year getting an audition and the next week I was flying down to Florida to start rehearsals for The Wiz and flash forward to one day early in 2015 when I was asked to fly up to New York on a Monday to talk about the part and before I’d gotten on the flight, I had the gig: I replaced Michael James Scott when he went to do Something Rotten.But to cover multiple roles is different to opening in a starring part from scratch in London.Tell me about it!  I guess it was June or July of 2015 when I got a call from Disney asking whether I would consider going to London, and I just burst into tears. As a standby or understudy, you can feel overlooked or undervalued and here I was getting to open the show in the West End! My heart was more than full—it was overflowing. The interesting thing with Aladdin in Britain is how well-known the title is here from the traditional Christmas pantomime or panto.That’s right, which we don’t have in the States. I think it’s fantastic that tradition exists [here] and I’m delighted that we can give audiences something different—something that isn’t just the classic familiar panto. Your experience must make you especially sympathetic to your own standbys.Absolutely because I’ve lived that life and I know the difficulty of it. I actually have two standbys here, and both have got to go on, and I’ve enjoyed watching them enjoy their moment; I know what it feels like. Now that the Genie is yours, what do you particularly like about him?The joy of the Genie for me is the undying friendship and companionship that he is there to provide. Also, I mean, who wouldn’t want to appear on the stage swathed in Swarovski crystals—not to mention that I must have one of the best entrances: I love the way he’s revealed right at the top of the show! How does it feel to play with and feed off the audience?That’s so much fun! What’s great is that he exists both in and out of the story, so it’s as if the show for the Genie is just this large sandbox. Casey [Nicholaw, the director] has been so supportive of allowing me to make [the part] my own and for me to find my own legs. The honesty of the cast’s personalities is allowed to come through, which helps a show that’s so crazy and fun at the same time to have a sense of reality.I saw you online sharing a pretty terrific duet here with your Broadway Genie [Tony winner James Monroe Iglehart]. You know, that’s the first time we’d ever done that, and it was great that it was caught by the folks at Disney, who jumped at the opportunity of James being in London for us to have a go together at “Somebody’s Got Your Back.”Did you and James click from the get-go?Really, really fast because we’re both man-children! I’ve missed him a ton since coming to London, so it was wonderful having him here with his wife and family. Sometimes I think the two of us should do another revival of Side Show. If they ever feel like gender-flipping those parts, we’re in! Opening night here must have been unlike anything else.Oh my God, it was insane! My parents were in the audience and my family and friends, and I remember just finishing “Friend Like Me” and screaming “yes!” like this sudden affirmation. It was like, I’m here, it’s real, I did it, and it just felt like this amazing joint success. It was so exciting!How well did you know the film?I was obsessed with it, especially Jafar. I thought he was a fascinating villain and just so slick. What’s fun is that I have two young children and now they love the film: the oldest is two years younger than I was when I first came across the movie at age 10. It’s one of those animated features that transcends generations. Where do you see this experience taking you?I’m really keeping things open right now. It’s been a struggle at times and a fight to get to this place. Right now, I feel precisely where I want to be; so for me, it’s about just enjoying this definite sense of happiness. This is the first time in my career where I have really experienced something where I think, “OK, I can enjoy what I’m doing for now. This can be the center of my universe without always needing to look forward.” What are you loving about London?The food!  people warned me about the food, when in fact, it has been absolutely incredible. And I am really tickled, too, by the adoration [the British] have for the theater, which I think is vanishing more and more in the U.S. But it genuinely exists here, which is lovely to experience onstage and off.  Trevor Dion Nicholas in ‘Aladdin'(Photo: Deen van Meer © Disney)last_img read more

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Wheat Rust

first_imgWheat rust is detrimental to a crop because of its ability to spread and mutate. The disease becomes airborne and is carried from western states to eastern states. The disease can change the race of the species, which can cause varieties to lose their susceptibility. Fungicide timing is critical. Rust’s impact can be felt from 5 percent infection to 50 percent infection in just three days’ time. If the disease reaches the flag leaf, a 20 percent yield loss can occur.For more information or questions about wheat rust, contact Sawyer at the Thomas County Extension office at caes.uga.edu/extension/thomas/contact.html. Farmers are also advised to plant several resistant cultivars to reduce the risk of the disease’s severity. Wheat rust, which can be diagnosed by the small pustules about one-sixteenth inch in diameter with flaky red spores, causes a loss of $5 billion each year. The disease typically grows when temperatures are between 60 and 80 degrees. Unlike other diseases that overwinter in crop debris, rust has to be reintroduced each year.Though unpreventable, wheat rust can be managed with a fungicide. Ideally, the fungicide should be sprayed on the wheat before the disease arrives, according to Sawyer, which is why communication that the disease is present is very important.“Specialists and people talk across the state line,” Sawyer said. “When something is in Louisiana we know it’s there. When something moves through Florida, we know. But the real way you manage is to scout your fields — especially when you know the rust is getting close,” Sawyer said.center_img Sawyer added that even if a grower sprayed his field, it is still likely that he would find some infected plants by the time he harvests his crop. However, it is vital that the crop is sprayed before the disease gets to the flag leaf (the last leaf of the wheat plant). The flag leaf supplies phtotosynthate to the grain, which is vital to grain development.“On wheat, the flag leaf is a leaf that sits right under the head,” Sawyer said. “If rust gets on that leaf, the damage is much more significant.” University of Georgia Extension agents are often at the front lines when it comes to finding and defending crops from diseases and pests. Andrew Sawyer, an Extension agricultural and natural resources agent in Thomas County, made a timely discovery when he was the first to identify the presence of wheat rust in Georgia in 2013. His finding reduced yield losses on wheat, barley and rye.“I was scouting to learn for my benefit, and I ended up finding the rust. I took it to the office on a Friday, put it on my microscope and sent it to Dr. (Alfredo) Martinez in Griffin on a Monday, and he said, ‘Yep that’s it,’” Sawyer said.In an effort to learn more about wheat, Sawyer scouted two wheat fields on a weekly basis in Thomas County, which led to his discovery.last_img read more

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Nutsedge Control

first_imgA Georgia scientist is using peanut harvesting equipment to organically control weeds — particularly nutsedge.Carroll Johnson, a U.S. Department of Agriculture scientist working on the University of Georgia Tifton Campus, is studying weed control in organic farming. Nutsedge, which can be prevalent in any field, with any crop, adapts to different growing conditions and thrives on intense sunlight. It is most prevalent in fields with a lot of spacing between rows or between plants in rows like tomato and pepper fields.“Where I’ve seen it, other weed species are pretty well suppressed or pretty much under control, but nutsedge fills the void. It also fills the void where crop growth is sparse,” said Johnson.Conventional farmers can apply herbicides to eliminate or suppress weeds. Organic farmers have limited choices of herbicides and those allowed for use are ineffective at controlling nutsedge. The weeds end up competing with organic crops for water, nutrients and sunlight. Many conventional farmers use mulch to suppress nutsedge and other weeds. Mulches can be used in organic farming but are not encouraged, says Johnson. With nutsedge popping up everywhere, hand-weeding is an unsustainable practice. “Sustainable means a lot of things to a lot of different people, but for me, in this context of the business sense, that much hand labor is not sustainable,” Johnson said.To better manage nutsedge, Johnson is evaluating the use of a peanut digger to control the weed. Peanut diggers are used to dig inches below ground and uproot peanuts for harvest. Johnson believes the same use could be applied for nutsedge control. Nutsedge produces tubers under ground, which can lead to other nutsedge plants.“The key to controlling nutsedge long term is getting the populations at a manageable level by eliminating tuber productions,” he said.His original plan was to use a peanut digger to uproot the weeds and drop them back in the field, hoping the heat of the sun would kill them. That didn’t happen last year. Heavy rains in Georgia allowed the weeds to re-root.Johnson relied on the expertise of UGA College of Agricultural and Environmental Sciences’ weed scientists Stanley Culpepper, Eric Prostko, Ted Webster and Timothy Grey who research weed control in conventional crop production.He also enlisted the help of senior mechanical engineering students from Auburn University. As part of a class project, the students formulated an idea of attaching a cart to the peanut digger, so the digger removes the nutsedge from the ground and drops it into a cart that is dumped into the woods or some other area to prevent the weeds from regrowing in the field. Johnson estimates the peanut digger method controls 60 percent of nutsedge in a field. The peanut digger with the cart is 80-85 percent effective, but Johnson hopes to reach at least 90 percent effectivenesss.“At 90 percent, it gets organic growers to a point where they can deal with this weed with the everyday resources they’ve got,” Johnson said.The Auburn students were in Tifton on July 28 to help merge the cart and peanut digger. They saw their class project in action as Johnson and UGA technician Daniel Evarts demonstrated the research.“We’ve had the idea for several years, just using the peanut digger itself,” Johnson said. “The cart allows us to carry this area of study to another level.”After uprooting the weeds, Johnson will see how much nutsedge returns next year. He needs to determine whether the practice is effective, if multiple passes through the field are required and then pinpoint the best time to use the digger to uproot nutsedge.“(Organic farming’s) gotten a lot of interest. In terms of acres, it’s small but it’s an area in other parts of the country that’s much bigger. There’s a lot of interest in it on the consumer side, and growers are curious, so they can capitalize on a niche market,” Johnson said. “This is a legitimate agricultural enterprise.”last_img read more

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AC Energy Plans to Sell Coal Plants in Philippines, Boost Renewables Investments

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:MANILA—AC Energy Inc, part of Philippine conglomerate Ayala Corp, on Monday said it could sell a stake of up to 50 percent in its coal-fired energy unit, using funds from the deal to boost its renewables business in Southeast Asia.AC Energy is in talks with potential partners that could be interested in taking a stake in its wholly-owned AC Thermal unit, company officials said, although they declined to identify would-be investors or give any indications on price.“We cannot go on record with respect to valuation,” AC Energy President and CEO Eric Francia said in an email to Reuters on Monday, declining to comment on local newspaper reports saying the sale may raise up to $1 billion.AC Energy’s assets are 80 percent thermal and 20 percent renewable, with a total value of 135 billion pesos ($2.6 billion), according to a recent CLSA report. Its thermal assets include the 632 megawatt GNPower Mariveles coal plant, a partnership with Aboitiz Power Corp’s subsidiary Therma Power and Power Partners, and the 552 MW GNPower Kauswagan, in which it has an 85 percent economic stake.The company expects to expand its overall energy capacity to more than 5,000 megawatts by 2025 from 1,600 MW currently. Following its acquisition of Salak and Darajat geothermal assets in Indonesia in 2017, AC Energy is assembling a portfolio of renewable energy assets in the region this year, including a 75 MW wind project in Indonesia and over 300 MW of solar projects in Vietnam.More: Philippines’ Ayala Looks To Sell Big Stake In Coal Unit, Turn To Renewables AC Energy Plans to Sell Coal Plants in Philippines, Boost Renewables Investmentslast_img read more

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