Three loyal customers of Penta Paints smiled brightly on Friday after receiving the top prizes in the “Penta Live in Style” Promotion.Lance Kennedy with his 55” Samsung Smart TelevisionAt the Lombard Street, Georgetown location, Lance Kennedy walked away with a 55” Samsung Smart Television while Nikesha Taylor will add flavour to her living room with a brand-new three-piece sofa set.Hemchan Boodhoo picked up the final grand prize of a trip for two to Kaieteur Water Falls.Taylor, in receiving her prize, said that she has been a customer of Penta since 2014 and expressed that she continues to shop the paint because it “stands out”.Sales Manager of Penta Paints for Guyana and Suriname, Andre Ally congratulated all the winners, revealing that the company will do more for its customers in 2020.The promotion commenced on November 20 and concluded on December 23, 2019. In addition, 14 consolation prizes were also given out.
Members of the Rice Producers Association (RPA) on Wednesday protested the Finance Ministry, calling on Government to review its tax policies on fuel with a view to easing the burden on the productive sector.The Association has urged Government to reintroduce a sliding tax rate for rice farmers in light of the high cost of fuel and especially in light of ongoing land preparation taking place in the sector.While on the protest line, General Secretary of the RPA, Dharamkumar Seeraj, told the media that method is easy and would not add any unnecessary burden to the Government’s budget.“The way it works is that when the price for fuel goes up on the World Market, the tax comes down so the price at the pump remains the same, so it’s not rocket science and most importantly from the Government’s point of view, this will not affect the target budgeted for,” he explained.Seeraj reasoned that if the price for fuel increases and Government reduces theSome of the rice farmers protesting outside the Finance Ministry on Thursday over the high prices of fuelpercentage of taxes on fuel, they can still achieve their target.“If you implement that sliding rate, the country benefits. Production will go up, you’ll become more competitive on the export market and that is what a country needs,” he asserted.The RPA said farmers, who are currently harvesting, have been experiencing an increase in transportation costs from an average of $200 to $800 per bag, because access to their farmlands is poor.Many have been forced to use a combination of poor dams and weed-infested waterways and this increase in fuel prices might very well be the proverbial last straw.Additionally, most farmers are currently involved in land preparation exercise and sowing of their fields and where most fuel is being used compared to the crop duration, so the increase is coming at a really bad time for the farmers. As reported, the fuel woes are compounded by challenges of readily accessing fertilisers owing to financial challenges.The RPA has since said that the “good life” that the A Partnership for National Unity/Alliance For Change (APNU/AFC) Government promised was wanting, adding that the Administration’s inaction on the matter was not an option.In April 2017, Mahaica farmers, whose main source of income is rice, along with cash crops, said the taxation measures were “harsh” to them.The farmers said then that the Government has removed the list of exempted and zero-rated Value Added Tax (VAT) items, causing them to have to increase their cash crop prices, much to the dissatisfaction of their customers. The cost of production, they noted, extended to an increase in payment for fertiliser, insecticide and weedicide.Several former Government officials and sitting Members of Parliament (MPs) have been repeatedly calling on Government to reduce the taxes of fuel imports. Opposition Leader Bharrat Jagdeo has said Government has the fiscal space to do it, and it is nothing difficult as it was done in the past.Opposition MP Irfaan Ali has also urged Government to move swiftly to reduce the Excise Tax on petroleum products, thereby creating a reduction in the price for fuel at the pumps.Ali said at present, global oil price is the same compared to November 2008. However, price of local gas stations in November 2008 is less than present by 15.5 per cent at $194.Global oil price in January 2015 (under the previous Administration) and September 2017 was the same. However, the 2015 price is less by 15.1 per cent at $173.At same level of global oil price, the price of fuel under the People’s Progressive Party/Civic (PPP/C) Government was significantly less when compared to that of the APNU/AFC Government.Ali also noted that Guyoil benefited substantially, post 2015, from low market prices of oil. He therefore explained that if the projected $3 billion after-tax profit was achieved by end of 2017, total profit generated by Guyoil during the last three years would exceed 2008-2014 total level, by more than 10 per cent.“By not reducing local fuel price in relation to global oil price since 2015, Guyoil was able to increase its profit margin significantly. Given Guyoil’s high profit margin, the company could afford, presently, to reduce fuel price and ease growing economic burden,” he added.In September 2017, world market prices for fuel increased due to the hurricane, which resulted in Guyoil adjusting the prices in gasoline, diesel and kerosene to a higher cost. Again, in February of this year, Guyoil adjusted its prices upwards. The average price of gasoline around the world is US$1.15 per liter.
“The patient … was discharged from hospital this morning,” his doctors said in a statement.Pele had an operation on Saturday to remove the “kidney stone,” which the hospital had previously described as a “ureteral stone.”The procedure was “successful,” the doctors had said.Pele, who is widely considered to be the greatest footballer in history, spent almost a week in a Paris hospital after falling ill following an appearance at a promotional event with France striker Kylian Mbappe.Pele, who won the World Cup with Brazil in 1958, 1962 and perhaps most memorably in Mexico in 1970 when his swashbuckling team re-defined modern football, has had several health scares in recent years.0Shares0000(Visited 8 times, 1 visits today) 0Shares0000Brazilian football great Edson Arantes do Nascimento, known as Pele, has been released from hospital after surgery to remove a kidney stone; he is pictured here arriving in Brazil on April 9, 2019 © AFP/File / NELSON ALMEIDASAO POLE, Brazil, Apr 15 – Pele was released from a Sao Paulo hospital on Monday, his Brazilian doctors said, two days after the football great had surgery to remove a kidney stone.The three-time World Cup winner was admitted to the Albert Einstein hospital last Tuesday, after returning from France where he had received treatment for a urinary tract infection.
Manchester United boss Louis van Gaal has revealed he did not see an incident where Jonny Evans and Papiss Cisse appeared to spit at each other.The duo had an angry exchange in the first half of their 1-0 victory over Newcastle but the Dutchman does not believe his player would be involved in such a confrontation.“I could not see that incident from the bench,” said Van Gaal.“When I have seen that then I will say and if it is true I shall admit it but I cannot imagine Jonny Evans would do that because I know him.“Papiss Cisse, I don’t know him personally, but Jonny Evans I know him and I cannot imagine he would do that.“Maybe he was spitting to the ground but not in the face or something like that.”
Tottenham have been put on alert after it has emerged that Sandro Ramirez is set to leave Barcelona at the end of the season.The 20-year-old had been tipped as a future star for the Catalans, having graduated from the La Masia academy, but has now been told by manager Luis Enrique that he is not in his plans.As a result, Barca have put Sandro on the transfer market and, according to Sport, he will be available for around £7.8million this summer.Tottenham chased the forward in January and narrowly missed out on signing him on deadline day, but they have yet to come forward with an offer ahead of the summer window.However, with news filtering through to White Hart Lane of his uncertain Barca future, they are now seriously considering a swoop.Mauricio Pochettino is on the lookout for a back-up striker to support Harry Kane next season and views the young Spaniard as a player who can fulfil that role.Sandro is understood to be open to continuing his development under Pochettino and the prospect of Champions League football at White Hart Lane has made a move to north London an even more attractive proposition for him. Tottenham chased Barca forward Sandro Ramirez throughout the January transfer window 1
AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECasino Insider: Here’s a look at San Manuel’s new high limit rooms, Asian restaurant Darren Parker, president of the Antelope Valley Human Relations Task Force, will be master of ceremonies. The high school choir, Lancaster Unique High Steppers Drill Team and Yielded Hands will entertain. Black History Month originated in 1926 when Carter G. Woodson, a Harvard scholar, organized Negro History Week during the second week of February. Woodson chose the month because it marked the birthdays of Frederick Douglass and Abraham Lincoln. His goal was to provide a view of “the Negro as a participant rather than as a lay figure in history.” The week-long tribute has evolved into a national four-week celebration of African-American history and achievement. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! LANCASTER – A Black History Month celebration will be held Saturday at Lancaster Library, featuring speakers from various professions and civic organizations. The two-hour program is titled “Celebrating Community – A Tribute to Black Fraternal, Social and Civic Organizations.” The program will start at 1 p.m. in the library’s Anna M. Davis Room, 601 W. Lancaster Blvd. The keynote speaker will be Stella Owens-Murrell, a state administrative law judge. Antelope Valley’s Black Fraternal Social and Civic Organization will be given special recognition. Among the guests will be Karen Patterson, principal of Antelope Valley High School, and the Rev. Sharon Mancha, pastor of Eagle Vision Community Church.
“If you have a theme park, about every two years, you have to put in a new ride. You have to find land,” he said. “Parades are a lot easier to tweak. Just change the light bulbs and the costumes.” Under Shapiro, the company also moved headquarters from Oklahoma City to New York, and is selling two of its Oklahoma theme parks to pay down debt. Also, it has bolstered park cleanup and better enforced a smoking ban. To carry out the plan, the company plans to hire more personnel, including 300 new seasonal and full-time positions for Magic Mountain’s staff of 2,200. The park has about 3 million visitors a year. Shapiro said the initiatives are intended to strengthen the Six Flags brand as a family entertainment destination. “If you’re 10 years old, you can’t get on Tatsu – you’re not tall enough,” he said, referring to Magic Mountain’s new coaster slated to open in April. “So what are you doing to keep them here?” Kyser agreed the focus on families could help the park grow. “You still have the thrill rides,” he said. “But if you can extend your coverage to a broader part of the market, you can grow your business. “For a lot of families, going down to either Knott’s Berry Farm or Disneyland, it may be a little daunting,” he said, referring to traffic. “You’re carving off a family attraction in and of its own in a major metropolitan area. “The market will vote and the market may like this. Maybe they can get their floats made by the Acme Company.” “ESPN was about brand building,” Shapiro said. “That’s what we’re going to do with Six Flags. There’s no telling what area the brand can go into if it is strong.” Eugene Tong, (661) 257-5253 email@example.com 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! VALENCIA – For Six Flags chief executive officer Mark Shapiro, the future of the theme park giant known for teenage thrill rides lies in parades, fireworks and other attractions to offer well-rounded family experience. It almost sounds like a visit to a certain Anaheim theme park. “We’re ramping up our Main Street USA strategy,” Shapiro said Tuesday during a visit to Six Flags California Magic Mountain, a park now building its 17th roller coaster. “At the same time, we’re not abandoning our teenage roots. … (but) it’s going to be more oriented for the family this year.” A former ESPN programming executive, Shapiro, 35, was placed in Six Flags Inc.’s top job in December. He is in the midst of touring the 45-year-old company’s theme park properties he’s charged to revitalize. AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECasino Insider: Here’s a look at San Manuel’s new high limit rooms, Asian restaurant Shares of Six Flags were down 59 cents at $10.27 on the New York Stock Exchange. Six Flags has been struggling in recent years in the competition for entertainment dollars while saddled with some $2.1 billion in long-term debt – including years of capital and coaster investment. Shapiro was brought in after shareholders led by Washington Redskins owner Daniel Snyder ousted top management. “The industry has gotten a bit drunk on roller coasters,” Shapiro said. “You need to get a return on your investment.” That means a shift away from the mechanical thrill rides to lure more families. Daily parades and fireworks shows and a Chinese acrobat show are slated to join Magic Mountain’s repertoire of coasters and other attractions this year. Jack Kyser, chief economist at the Los Angeles Economic Development Corp., understood the company’s needs to hold down costs.
A Donegal man has been jailed for four months after making a false complaint against local Gardaí to the Garda Ombudsman Commission.Cathal Dunleavy was jailed for another four months.Cathal Dunleavy, from Glenvar, is already serving a five-year prison sentence for 16 dangerous driving offences. Dunleavy, 24, claimed his car had been rammed by a garda car and that he had been assaulted while he was being arrested.However CCTV footage of the incident on the 6 November last year clearly showed Dunleavy trying to get away from the gardaí.It also showed him stopping and reversing his car into the garda car before driving away.He was arrested after he crashed the car rounding a bend in Glenvar.The case was investigated by the Garda Ombudsman Commission after Dunleavy made the false allegations.Today he pleaded guilty to providing information to the Commission knowing it to be false and misleading at Castlerea District Court.Judge Conal Gibbons said Dunleavy actions were an abuse of the Criminal Justice System.The judge sentenced him to four months in jail which he said he would make consecutive because of the seriousness of the offence.DONEGAL MAN JAILED FOR MAKING FALSE COMPLAINT TO GARDAI was last modified: November 1st, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:CATHAL DUNLEAVYdonegalGarda
Raiders rookie Maxx Crosby was named the AFC’s Defensive Player of the Week for his surpassing performance in Oakland’s 17-10 victory over the Cincinnati Bengals on Sunday.Crosby, a 6-foot-5, 255 pound edge rusher was selected in the fourth round (106th overall) in last spring’s NFL draft. He was a wrecking ball against the Bengals, becoming the fourth rookie in NFL history to have four sacks in one game, and forcing a fumble. Three of his sacks came in the fourth quarter.Crosby now has 6.5 …
Share Facebook Twitter Google + LinkedIn Pinterest The market is unsure if bean tariffs will mean anything. Even if China starts buying all of their beans from South America, the rest of the world could still buy U.S. beans. This week the Brazil bean cash offers skyrocketed off the tariff news, but when the futures came down 50 cents other world buyers started buying U.S. beans, as they were the cheapest globally. This is likely why the markets dipped and then recovered shortly after.Reduced Argentina production is bullish, while U.S. bean stock levels are bearish. It’s still uncertain how many acres U.S. farmers will plant. I expect a roller coaster ride ahead for the bean market.If corn demand continues to stay steady or increase, prices likely will be strong and have upside potential. If demand were to decrease, so will prices. Weather will start to be an issue in three weeks and could help determine if additional acres will be planted from the USDA estimates. Are options the answer?Last year caught many farmers off guard, because it was the first time in a while that average farmers didn’t have an opportunity to sell an average crop at profitable levels. Many farmers are fearing 2018 will be the same. Therefore, some farmers want to consider alternative solutions (like options) to increase their profit potential, but don’t know how. While I don’t think options are a cure all strategy, if used in moderation and as long as farmers understand all of the risks, they can help farmers take advantage of more opportunities and increase flexibility in their marketing plans.For the first time in the last 10 years I had more than 35% of my production tied up in options trades in 2017. But, 2017 was also the first time in 10 years that corn didn’t trade over $4.30 before harvest. Sometimes market conditions force me to consider alternative strategies to maintain profitability for my farm operationGrain marketing with good risk management practices is a very complex process. The best marketing plans need to constantly adapt to market variances. With more flexibility and trade choices (including options), farmers can maximize profit potential. Conditions affecting prices change every year, so marketing plans need to adjust too.Too often farmers have the market strategy “I want to get the most I can.” This “plan” isn’t a plan. It assumes one can predict the top of the market every year, which is impossible. Instead, I prefer setting price goals I’m willing to accept that meet my farm operation’s profitability objectives.Below I’ve provided some examples of different options that I’ve used or considered in the past and the pros/cons of implementing them into my marketing plan. Selling call optionsSelling calls gives the right to someone else to buy my grain from me at a certain price. When selling calls I get a premium regardless of how the trade turns out. If the price at expiration is the same or higher than the strike price of the call, I have to sell grain for the strike price, but I also keep the premium. If the price is below the strike price at expiration, no sale is made, but I get to keep the premium to add to a later trade.Since grain producers ALWAYS have more grain to sell, selling calls is a natural hedge trade for farmers. It doesn’t allow for much upside price potential and provides limited downside protection, but it can be very useful during sideways markets. In the last year selling calls has allowed me to pick up added premium on some of my grain, while prices remained at unprofitable levels. Selling put optionsSelling puts gives away the right to someone else to give me grain at a certain price.This type of trade is extremely risky for grain producers because it places them in a position of potentially being forced to buy grain at higher prices when they always need to be selling their grain. There are few cases where this type of trade by itself would make sense for a grain producer and I think should be avoided. Selling straddle optionsSelling straddles are when I sell both a call and a put at the same strike price and collect both premiums. Generally, this type of trade is most profitable in sustained sideways markets. While I usually avoid selling puts, the one exception is when I sell a call at the same price (i.e. selling a straddle).While I have had considerable success with straddles over the last 16 months, I had never even placed a straddle in the previous 8 years. Back then I couldn’t justify the potential risk of having to buy grain back if the market fell far enough for the potential premium I would get if the market remained stagnant.To sell a straddle, I select a price I think corn will be at on a specific date in the future. If futures prices are at that price on the selected date, I keep the total premium generated from the trade. The further the actual futures price is from the strike price I picked on the last trading day of the straddle, the less premium I collect until it the straddle hits certain price points in either direction. Those points are derived from the strike price and the total amount collected for selling the straddle. From there, I’ll either have to remove a sale (i.e. buy grain back) or make an additional grain sale.In the last year I could justify this trade to myself and my banker because I first sold some grain at levels that were below the cost of production, so not very good sales to begin with. I didn’t think prices would likely go much lower and there was a reasonably high chance prices would go nowhere, or maybe higher. That initial grain sale provided a “security blanket” to place the straddle trade. If I didn’t really want to make a sale in the first place at the price I did, then the straddle would enable me to buy back the grain at lower prices. If I was going to sit with unpriced grain in the bin anyway, why not be willing to make money regardless of what happens. I discussed the trade with my banker prior to placing it, and he could also see the reason why I would do this type of trade on a few bushels.While there are some advantages to straddles, there are some disadvantages. I wouldn’t commit a large percent of my production to this strategy because it first requires selling some bushels at unattractive prices to minimize my risk exposure. That means if the market ultimately rallies significantly, I get to double my sale at better portions because of the sold call portion of the straddle trade, but I still have the unattractive sale that minimized my risk exposure. Even if I wait to make the first sale at an attractive price level then I open myself up to potential downside in the market should the market drop significantly So, straddles have some draw backs and are certainly not a perfect trade.While straddles can be profitable in certain market conditions, I need to be very cautious when placing them. Following are some best practices that I personally use when placing straddles to limit my risk exposure.I never place a straddle trade without knowing every possible outcome that could happen and be willing to accept any potential scenario.I almost never buy back either side of the straddle before they are within days of expiring. I have a strategy/plan in place and I was willing to accept all possible scenarios when I initially placed the trade, so changing in the middle could affect my profits and the outcome of other trades I have built around them.Since these types of trades are generally more profitable in a sideways market, I go into the mindset of each trade hoping I made the wrong choice and prices go up, so I can sell more grain at higher prices.I always have a sale already in place to protect me from the market dropping and having to reown some of my grain. This is why in the past I haven’t put straddle trades on because I don’t want to buy back profitable sales. Straddles, to this point, have only been a strategy I have used when prices were below the cost of production. Buying putsBuying puts means buying the right to sell grain at a specific price. I’m usually not a fan unless the strike price, less the cost of the put, is still above my breakeven costs. Even then it usually makes more sense to me to just sell the futures outright and guarantee my profit instead of hoping for higher futures prices.For example, let’s say I buy a $4 put for 20 cents. This would mean my true floor price is $3.80. If my production cost is $4.20, then this trade guarantees I won’t be breaking even unless corn trades above $4.40. So, why even buy the put in the first place? I could just sell corn if it is anywhere above $4.20 and guarantee I’m going to have a profit.Now, some would suggest rolling the puts up in a rally and back down in a decline to minimize this issue and add profits to the trade. But that adds costs on rallies, making break evens higher. Plus, if the market drops and farmers roll down the puts, it exposes farmers to more downside loss potential too. In theory these trades can be successful, but in sideways markets they tend to miss opportunity or lose money. Buying puts worked best during extreme volatility like 2010, 2011 and 2012. Over the past five years buying puts has provided a producer a floor price, but that doesn’t mean that the farmer was still profitable with the trade. Buying callsBuying calls means buying the right to buy grain at a specified price. I’ve never been a fan. Whenever I’ve done the math on buying call options, I find they are rarely, if ever, profitable for me. For buying calls to be profitable, it requires a lot of market movement to the upside. The thing is, I ALWAYS need the market to go higher for any unpriced grain I have left for this year or the next year’s crop, so I don’t need to double down on what I need the market to do anyway. This type of trade is too speculative for me when I’m trying to limit my risk exposure.There are some who like to sell futures and buy calls. This is really just buying a synthetic put option, which I just described above.Buying calls tends to sound best to those fearing they will miss out on a big futures rally. This type of trade is basically betting on a long shot. Yes, it has occasionally worked well like 2010, 2011 and 2012, but since 2013 it likely hasn’t been profitable. What about options in the bean market?I usually just focus my option strategy on the corn market and not beans, for the following reasons:Beans have a lot of market volatility and uncertainty with South America growing 60% of the world’s beans. This means potentially two or three weather scares per year that can dramatically affect the market. Comparatively, about 75% of the world’s corn is grown in the northern hemisphere once per year (which greatly reduces market volatility potential).Buying bean options, puts or calls, usually involves a large upfront fee. If I’m already profitable, I don’t see a reason to risk taking a loss hoping for better values. If the market does nothing but go down after buying the option I’m going to miss some opportunity as well.Selling bean call options exposes me to huge price swings and doesn’t allow for me to sell if the market does rally even if I think the market is likely to fall down the road. Which means I don’t get much coverage to the downside.I probably would rather buy beans options over selling them. The reason is because each crop trades differently. What works for corn doesn’t usually work for beans and vice versa. It’s incredibly hard to predict bean market movements and selling option strategies are usually less effective because of market inverses, while the initial upfront cost to purchase them can be a deterrent.I also tend to use my bean crop as a hedge against my corn crop. If I can sell my beans for a guaranteed profit then all I have to worry about is weather my corn will make money. I want to know exactly where I am with my beans instead of wondering or hoping. A balanced approachI strive for a balanced marketing strategy that takes into consideration the market could go up, down or sideways. I want to take advantage of all opportunities available regardless of where the market goes, because it doesn’t always go up. I don’t fear missing out on a rally, because hitting the top isn’t my marketing goal. The fear of striking out and losses motivates me more than the thrill of hitting the very top of the market. I want to be in the upper end of the market trading range, but I need my farm operation to consistently be profitable and I’ll consider any opportunity that allows me to maximize profit potential while minimizing my risk. Using options prudently is one of many ways I can do this. Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at firstname.lastname@example.org.