Satsumas

first_imgFruit growers are encouraged to attend a satsuma orange production and fruit marketing meeting at the University of Georgia Cooperative Extension office in Lowndes County on Wednesday, Sept. 9, at 9:30 a.m.Easily confused with tangerines, clementines and cuties, satsuma oranges are one of the various groups of mandarin oranges. Now in their second year of growth in south Georgia, satsuma trees are planted on about 75 acres in the state, according to Jacob Price, UGA Extension coordinator for Lowndes County.The majority of the meeting will focus on the production of satsumas, and a portion of time will be reserved to discuss the potential market for selling Georgia-grown produce to schools. “We hope to let the people know a little more about the food and nutrition programs at the schools and how they need to be set up to try to market their fruit to their school systems,” Price said. A representative from the UGA Small Business Development Center will talk about the center’s programs, including marketing assistance. A Georgia Department of Agriculture expert will discuss how the movement of citrus across state lines is regulated. Attendees will also learn to bud citrus trees in a hands-on session. The meeting is designed for producers, but it is open to the general public. For more information, contact the Lowndes County Extension office at 229-333-5185. (Tatyana Phelps is an intern with the UGA Tifton Campus.)last_img read more

Learn more →

As virus fallout widens, China readies more measures to stabilize economy

first_imgChinese policymakers are readying measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth, policy sources said.The sources said the government is debating whether to lower the planned 2020 economic growth target of around 6 percent, which many private sector economists see as well beyond China’s reach.With the death toll from the virus epidemic climbing to over 420 and risks to growth mounting, China’s central bank is likely to lower its key lending rate – the loan prime rate (LPR) – on Feb. 20, and cut banks’ reserve requirement ratios (RRRs) in the coming weeks, said the sources who are involved in internal policy discussion. “Currently, monetary policy is being loosened, but the central bank will follow a step-by-step approach and watch the virus situation,” said a policy insider.The People’s Bank of China (PBOC) has already pumped in hundreds of billions of dollars into the financial system this week as it attempted to restore investor confidence and as global markets shuddered at the potentially damaging impact of the virus on world growth. In the past two days, the PBOC has injected 1.7 trillion yuan (US$242.74 billion) through open market operations.In order to minimize job losses, China’s stability-obsessed leaders are likely to sign-off on more spending, tax relief and subsidies for virus-hit sectors, alongside further monetary easing to spur bank lending and lower borrowing costs for businesses, according to the policy insiders.“We have policy reserves and will step up policy support for the economy. The most urgent task is to put the virus outbreak under control,” said a source who advises the government, who spoke on condition of anonymity. Support measures will be concentrated on the retail, catering, logistics, transportation and tourism sectors, which are likely to be hit hard and are especially vulnerable to job losses, they said.Increased government spending could push up the annual budget deficit relative ratio to 3 percent this year from 2.8 percent in 2019, and local governments could be allowed to issue more debt to fund infrastructure projects, the policy insiders said.Policymakers deem targeted measures as more effective than unfettered credit easing at this stage, given that the outbreak has weighed on factory and investment activities due to the extended holiday in some regions, the insiders said.The Lunar New Year holiday has been effectively extended by 10 days in many parts of China including powerhouse regions such as Shandong province and the cities of Suzhou and Shanghai, while transport networks have been curtailed to curb the spread of the disease. More than 40 foreign airlines have suspended flights to China.“It’s necessary to step up policy support for the economy but we don’t need to use strong stimulus at this stage,” said one of the policy insiders.While Beijing has rolled out a series of support measures in the last two years, mainly in the form of higher infrastructure spending and tax cuts, leaders have pledged they will not embark on massive stimulus like that during the 2008-2009 global crisis, which saddled the economy with a mountain of debt.The PBOC has cut the RRR, or the amount of cash that banks must hold as reserves, eight times since early 2018, with the latest reduction taking effect on Jan. 6. It has also lowered its key lending rates modestly since August.China’s economy grew 6 percent in the fourth quarter, bringing 2019 expansion to 6.1 percent in 2019, the weakest in nearly three decades as demand at home and abroad weakened in part due to the bitter Sino-US trade war. Growth of about 5.6 percent this year is seen enough for meeting the long-term gross domestic product target (GDP).This year is symbolically crucial for the ruling Communist Party to fulfill its goal of doubling GDP and incomes in the decade to 2020, turning China into a “moderately prosperous” nation.Chinese leaders face a more challenging job than they did during the Severe Acute Respiratory Syndrome (SARS) outbreak in 2002-2003, as the economy is now driven more by consumption and services, and growth has been on a downward trajectory.The virus has killed 425 and infected 20,438 in China, most of them in central Hubei province, the epicenter of the outbreak.“It’s hard to see a turning point in the outbreak. First-quarter GDP growth could dip below 5 percent and the impact may persist in the second quarter,” said Wang Jun, chief economist at Zhongyuan Bank.Many private economists have lowered their growth outlook for China, with Louis Kuijs at Oxford Economics forecasting 5.4 percent growth in 2020, compared with 6 percent previously.Tao Wang, China economist at UBS, predicted first-quarter growth could dip to 3.8 percent, and 5.4 percent for the whole year.During the SARS outbreak, China’s growth slowed to 9.1 percent in the second quarter of 2003 from 11.1 percent in the first, before rebounding to 10 percent in June-September, bringing the full-year expansion to 10 percent.Topics :last_img read more

Learn more →

NBA wrap: Warriors edge out Celtics behind hot performance from Kevin Durant

first_imgKyrie Irving continued his hot streak with 32 points and 10 assists for the Celtics, but his team couldn’t hit a big shot down the stretch to take the lead.Golden State has now won 10 straight while Boston had its five-game winning streak snapped at home. The Warriors and Celtics could very well meet in the NBA Finals this season.Golden State came out on top in its matchup with Boston on Saturday night, claiming a 115-111 victory. Studs of the NightJahlil Okafor posted a career high 24 points and 15 rebounds for the Pelicans in a 126-114 loss to the Spurs.Mike Conley amassed 22 points and 11 assists for the Grizzlies to help them beat the Pacers 106-103.Nikola Jokic dominated with 32 points, 18 rebounds and 10 assists in a 126-110 win for the Nuggets over the 76ers.Duds of the NightMarcus Morris scored nine points on 3-of-12 shooting in a Celtics loss.Elfrid Payton scored six points on 3-of-13 shooting for the Pelicans.HighlightsGary Harris pulled out this elusive move on the break to finish with a slam against the 76ers. Warriors hold players-only meeting — with former president Barack Obamacenter_img Gary Harris gets creative on the break! #MileHighBasketball💻📱: https://t.co/Bq24jKOTFm pic.twitter.com/n9RAQyt9m4— NBA (@NBA) January 27, 2019New Orleans wasn’t ready for this touch pass from Marco Belinelli to Pau Gasol.Belinelli with the quick look inside for Pau!#GoSpursGo 120#DoItBig 104💻📱: https://t.co/Bq24jKOTFm pic.twitter.com/cuYRsJsH1N— NBA (@NBA) January 27, 2019What’s Next? Bucks (35-12) at Thunder (30-18) 6 p.m. ET — Milwaukee will take its six-game winning streak to Oklahoma City on Sunday. The Thunder are riding a four-game winning streak of their own. Both sides are gaining steam, so the game should make for a competitive contest between two top playoff contenders. Kevin Durant led all scorers, pouring in 33 points and nine rebounds on 10-of-23 shooting.Sweet dish from @KDTrey5 sets up a @Loon_Rebel5 slam.📺 ABC pic.twitter.com/b88ZWspCMd— Golden State Warriors (@warriors) January 27, 2019Stephen Curry missed his first three shots from deep, but went on to nail five in a row on his way to 24 points. Related Newslast_img read more

Learn more →