Goldman Sachs misses profit forecasts amid slump in advisory fees

first_img whatsapp Alex Daniel Goldman shares fell three per cent this afternoon. Goldman Sachs has ordered its US employees to report their vaccination status, ahead of a planned return to the office. Goldman Sachs has missed Wall Street estimates for quarterly profit, amid fewer fees from advising on deals. The figures The bank’s net earnings applicable to common shareholders fell 27 per cent to $1.79bn in the quarter ending 30 September from $2.45bn over the same period last year. Earnings per share fell to $4.79 from $6.28. Revenue at three of its four major business units fell in the most recent quarter, led by declines in investment banking due to fewer mergers and stock market floats. Wall Street’s biggest banks are facing several challenges in boosting revenue, largely due to the ongoing US-China trade war and concerns about further interest rate cuts by the US Federal Reserve. whatsapp Share Why it’s interesting This is a bid to shield its revenue from wild swings in financial markets. At the bank’s investing and lending arm, net revenue from equity securities fell 40 per cent from last year to $662m. Under chief David Solomon, Goldman shifted its strategy from its focus on trading to building a bigger consumer business.  Goldman Sachs misses profit forecasts amid slump in advisory fees Total net revenue fell six per cent to $8.32bn. Tuesday 15 October 2019 2:37 pm “We continue to execute on our strategic priorities, including investing in important growth opportunities in our existing and new businesses.” Goldman, which recently launched a credit card with Apple, has also attempted to build out new businesses, but top executives at the bank have warned in previous quarters that those efforts will take time to bear fruit. “Our results through the third quarter reflect the underlying strength of our global client franchise and its ability to produce solid results in the context of a mixed operating environment,” Solomon said. Goldman benefited from investments in several high-profile Initial Public Offerings, including Tradeweb Markets, Avantor, Uber and Headhunter, which together made up 55 percent of the bank’s public investment portfolio. What Goldman said Tags: Goldman Sachslast_img read more

All of Sunday’s Laois GAA results

first_img Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Five Laois monuments to receive almost €200,000 in government funding By Siun Lennon – 1st July 2018 Community Home Sport GAA All of Sunday’s Laois GAA results SportGAA Rugby WhatsApp Facebook Meanwhile, there was history made in Division 3 as Park-Ratheniska-Timahoe reached their first ever adult final where they will face Camross.See all the results below:Leinster Ladies Intermediate Football Championship FinalLaois 2-13 Wicklow 0-13. See full report here.All Ireland U-16 B Camogie ChampionshipLaois 5-18 Meath 0-1Laois Shopping Centre ACHL Division 1A semi-finalRosenallis 3-18 Ballinakill 2-15. See full report here.Laois Shopping Centre ACHL Division 2 Semi FinalBorris in Ossory Kilcotton 0-10 Slieve Bloom 0-17Laois Shopping Centre ACHL Division 3 Semi Final Park Ratheniska Timahoe 0-11 Ballypickas 0-10 – See Report HereMidlands Park Hotel Under-17 Football League Division 1 Portlaoise V Emo Courtwood The RockThe Heath V Ballyroan AbbeyMidlands Park Hotel U15 Football Division 3 Semi Finals (Extra time if necessary)Clough Ballacolla 8-5 Ballyroan Abbey 5-9SEE ALSO – What’s next for the Laois Ladies Footballers following Leinster glory Pinterest Twitter Previous articlePark-Ratheniska/Timahoe qualify for their first ever hurling finalNext articleIn Pictures: 150 children presented with new jerseys as LaoisToday teams up with Cumann na mBunscol Siun Lennonún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics.center_img All the sports results Another incredibly busy Sunday of action has concluded.The Laois Ladies were crowned Leinster Intermediate champions and will now go forward as top seeds for the group stages of the All-Ireland championship.The Laois U-16 camogie team got off to a winning start in their All-Ireland championship.While on the domestic front, a number of final pairings were confirmed.Rosenallis will face Rathdowney-Errill in the Division 1A final and Slieve Bloom will play Clough-Ballacolla in Division 2 after tonight’s games. All of Sunday’s Laois GAA results Facebook WhatsApp TAGSLaois GAA Results Ten Laois based players named on Leinster rugby U-18 girls squad Twitter Community Pinterest RELATED ARTICLESMORE FROM AUTHORlast_img read more

North Korean students mobilized for construction work

first_img Facebook Twitter AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) RELATED ARTICLESMORE FROM AUTHOR SHARE News US dollar and Chinese reminbi plummet against North Korean won once again News center_img High school students in North Korea are being mobilized for construction work to renovate their schools during summer vacation, Daily NK has learned.“Many high school students have missed their summer vacation, which was supposed to start on August 1. For example, the students of Seongchon High are working at a construction site at their school, carrying blocks and sand on their back,” a source in South Pyongan Province reported to Daily NK on August 21.“The students spent their fifteen days of summer vacation at the construction site. Even after classes restarted on August 16, they were given the task of finding the various materials needed to renovate the classrooms.”Although North Korean students have been mobilized for urban beautification projects such as road and railroad maintenance during vacation periods in the past, this marks the first time that students have been mobilized for school construction work. “The students can’t even enjoy a day of rest during the vacation. They are only allowed to take a break if they pay at least 20,000 KPW or other bribes to the teachers,” the source said.Analysts have noted that the mobilization of students for construction work contravenes Article 6 (right to life) and Article 29 (right to education) of the “UN Convention on the Rights of the Child [UNCRC],” which North Korea has ratified.Articles 6 and 29 of the UNCRC respectively stipulate that “member states shall recognize that every child has the right to life, survival and development,” and that “member states agree that the education of the child shall be directed to the development of the child’s personality, talents and mental and physical abilities to their fullest potential; and the development of respect for human rights and fundamental freedoms, and for the principles enshrined in the Charter of the United Nations.” The students themselves are trying to find ways to alleviate their fatigue from the forced mobilization.“The students are still trying to enjoy their time together during the summer vacation. Crackdowns for watching South Korean movies always become stronger during vacation with schools threatening punishment at youth correctional camps, so the students are mostly watching movies from the US or India,”added a source in North Pyongan Province.“An American film about a hijacked airplane is popular amongst students because of its thrilling storyline, and the Indian movie ‘Ghajini,’ which is about vengeance, is also popular now.” There are signs that North Korea is running into serious difficulties with its corn harvest NewsEconomy News By Daily NK – 2017.08.25 5:00pm North Korean students mobilized for construction worklast_img read more

Systematech, founders to face OSC hearing

Facebook LinkedIn Twitter Related news The Ontario Securities Commission (OSC) has brought allegations of unregistered trading and illegal distribution against a company, and its two founders, which were cease traded late last year. The OSC said it will hold a hearing, starting on Dec. 11, to hear allegations against Systematech Solutions Inc., its president, April Vuong and its managing director, Hao Quach. The commission charges that Systematech, Vuong and Quach raised at least $12.4 million from investors between March 2007 and October 2011 and issued promissory notes in exchange for these investments. It says investors were promised an annual return of between 12% and 30% and told that their investments were not at risk. James Langton Share this article and your comments with peers on social media Compensation funds available for Phoenix group victims Former Alberta planner fined, banned for illegal distribution scheme However, the commission says that, of the $12.4 million raised from investors, $7.7 million was repaid to investors, $3.5 million was lost in trading accounts, and $900,000 was paid for personal type payments. As a result, it is alleging that they traded without registration and violated prospectus requirements and, “… engaged in a course of conduct that they knew or reasonably ought to have known would result in a fraud…” None of the allegations have been proven. The OSC issued a temporary cease trade order against the three respondents back in December 2011. The new hearing will consider whether to extend the temporary order, and whether any other sanctions may be warranted. BCSC sanctions founders, companies in failed insurance venture Keywords Illegal distributionsCompanies Ontario Securities Commission read more

Crop Research Enhancing Agricultural Production

first_imgAdvertisements RelatedCrop Research Enhancing Agricultural Production RelatedCrop Research Enhancing Agricultural Production Crop Research Enhancing Agricultural Production UncategorizedMarch 3, 2008center_img RelatedCrop Research Enhancing Agricultural Production FacebookTwitterWhatsAppEmail Several activities aimed at enhancing agricultural output, have been undertaken by the Crop Research Unit of the Ministry of Agriculture’s Research and Development Division, situated at the Bodles Research Station in St. Catherine.These activities are mainly in the areas of field and horticultural crop research, orchard research, and plant germplasm development.Acting Principal Research Director in the Division, Michael Pryce tells JIS News that the field crop research project entails the screening of vegetables, such as tomato and scotch bonnet pepper, as well as herbs and spices, such as ginger and sorrel, for viruses.One of the known viruses is the yellow leaf curl, transmitted by a white fly, which primarily affects tomatoes, causing stunting. The affected plant is characterized by chlorosis, mottling and puckering of the leaves, and reduced yield. Other diseases include corn earworm and aphids.In addition to the screenings, Mr. Pryce says germplasms have been established and maintained for a number of crops. A germplasm is a collection of genetic resources for an organism or plant. In the case of plants, the germplasm may be stored as a seed collection, or for trees, as saplings in a nursery.Germplasms facilitate research to analyze the properties of plants in order to see how best to maximize on potential output. They also serve to ensure that there is an availability of plant supplies to replenish cultivations which may sustain damage and destruction in varying forms, such as flooding or viral attacks. Crops for which these have been established include: corn, roots and tubers, such as cassava and sweet potato. “One of the things that we do is to ensure that we have germplasms of certain varieties and cultures of crops for future research work, which (on completion) are released to the public,” Mr. Pryce advises. He points out that cassava and sweet potato germplasms are established and maintained at three main locations. These are the research stations at Bodles, and Montpelier in St. James, both of which focus on cassava, and the facility at Top Mountain, St. Andrew which, along with Bodles, concentrate on sweet potato.In the area of horticultural crop research, Mr. Pryce tells JIS News that the unit undertakes work on several varieties of crops, mainly scotch bonnet pepper and pumpkin, aimed at enhancing their key properties.“We have an on-going programme for breeding a virus-resistant scotch bonnet pepper, (with) which we have had several successes. We expect to release two new lines to the public shortly,” he informs.In addition to peppers, the disease-resistant work undertaken also include tomatoes, and according to Mr. Pryce, these two crops are targetted because, “they are economically important (to Jamaica) for both export as well as local consumption.”“They are susceptible to virus-borne diseases, which are not easy to control. In fact, once the virus gets into the plant. that’s it, the plant is on its way down. So we have to breed for varieties, (called) cultivars that are not susceptible to viruses. We are seeing some very promising work with regard to a resistant scotch bonnet pepper, and we have had some success with tomatoes, having screened over 2,000 cultivars over the last four years,” the Acting Director reports.According to Mr. Pryce, there have been positive results based on the work undertaken. “There is a much improved tomato yield (and the) scotch bonnet (pepper) yield has gone up,” he notes.For pumpkin, he says that the unit has been developing lines of pumpkin with the desired horticultural characteristics of shape, flesh colour, and culinary quality.“This has (actually) been on-going since 1996, (and is) a long research programme. A couple years ago, we released a new variety of pumpkin called the Bodles Globe, which, as the name suggests, is globe-shaped. The main characteristics are thickness of flesh, a flesh colour (that) was good, (and) it had a very good culinary quality, and uniformity of shape,” Mr. Pryce points out.He explains that the uniformity of the pumpkin’s globe shape facilitates relatively easy packaging, particularly for export. “We are nearing the release of another variety (of pumpkin), probably during the course of this year,” he adds.The unit has also been engaged in the production of seeds for planting, and establishing a “seed bank,” which include Bodles Globe pumpkin seeds, according to Mr. Pryce.“We are the only certified producers of Bodles Globe pumpkin seeds, (and) I think we are the only producers in the country of certified scotch bonnet (pepper) seeds that are free of virus,” he says.Mr. Pryce points out that where there is the likelihood of plants or crops being lost, the unit endeavours to maintain germplasms, both for research, and release to the public. “We also try to ensure that we have an emergency stock of seeds to deal with eventualities like a hurricane, so that we can have these to be released,” he adds.Several activities have also been undertaken in the area of plant protection by the Ministry of Agriculture’s Plant Protection Unit, primarily in entomology – the scientific study of insects – with particular focus being placed on the yam weevil. “We are looking at the biology and control of the yam weevil. It is very widespread in yam growing areas, (such as Trelawny),” he notes.“It impacts (the) productivity of yams and the need for chemical treatment of the tuber. (To this end) we want to ensure that we use as little chemicals as possible, because that can create problems,” Mr. Pryce tells JIS News.The Pink Hibiscus Mealy Bug is another insect receiving much attention from the Plant Protection Unit. The insect affects all crops, and Mr. Pryce advises that a continuous management programme is being developed to deal with it.“There is a parasite or parasitoid, (which is) a special wasp, that is used against the bug, that we are checking on to rear in Jamaica. Most of our efforts (currently) have been based on importing (the wasp),” he informs.Mr. Pryce points out that the unit has released the parasitoid wasp in Portland, where the Pink Mealy Bug was initially discovered, adding that “the results have been very promising, in terms of the management.” He adds that the wasp has also been released in sections of Kingston where the bug was also discovered last December, pointing out that this effort has also yielded positive results.“The Pink Mealy Bug is here to stay, it’s not going to go away (entirely), we can’t get rid of it; so what we have to do is manage it, and we have seen where the parasitoids have established themselves and have been controlling the population (of pink mealy bugs),” he says.In the area of phytosanitary research, Mr. Pryce says the main division with this responsibility, the Post Entry Quarantine (PEQ) unit, has established and been maintaining a repository of disease-free citrus germplasms, produced locally as well as imported. These are aimed at providing replacements for fruit trees that were destroyed by the dreaded citrus tristeza virus (CTV).For the long term, he says the Research and Development Division, through the Crop Research Unit, will be undertaking continuous research, focussing particularly on the development of greenhouses, which he described as “protected cultivation”. He points out that “we will be looking at various aspects of research to guide the development of this industry.” Work is also expected to continue on the scotch bonnet pepper and pumpkin research.Of importance, Mr. Pryce says, will be the development of indigenous alternatives to corn, which is used in livestock feed, in light of global developments pertaining to the movement in price of grains.Regarding the PEQ unit, Mr. Pryce tells JIS News that it is expected to increase its screening of imported plant material to ensure that viruses and pests external to the island do not slip in.This thrust at increased monitoring is to be enhanced with a planned merger between the PEQ unit and the Plant Quarantine unit, which has responsibility for the movement of material through the island’s ports of entry.last_img read more

Council to livestream Wednesday’s meeting

first_imgCouncil to livestream Wednesday’s meeting MidCoast CouncilMidCoast Council’s next Ordinary Council Meeting will be held this Wednesday 28 April.Members of the community can watch the proceedings via a link on Council’s website, with the livestream beginning at 2pm, or can attend in person if they have registered to do so.While members of the public are now permitted to attend, social distancing must be maintained and in accordance with the Public Health Order, the maximum number of members of the public to attend the Council Meeting is capped at 25 (adhering to the two square metre rule).Registration to attend can be completed online or by calling Council’s customer service centre on 7955 7777 before noon on Tuesday 27 April.A shuttle service from out the front of the MidCoast Council Library in Victoria Street, Taree will operate for those who are registered to attend and require transport.The meeting will consider a number of items, including the delivery and operational plan for the 2021-22 year, which includes the annual budget, several development applications and Council’s Draft Biodiversity Framework, prior to a consultation to receive community feedback on the plan.Councillors will also consider a proposal to modify traffic conditions at the intersection of the Pacific Highway, Dibbs Street and Woosters Lane in Nabiac. It is recommended the modification is not supported.Other items on the agenda include the adoption of a pedestrian access and mobility plan for the local government area, following a period of public exhibition, and the General Manager’s contract of employment. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:biodiversity, community, employment, Exhibition, Government, health, local council, MidCoast Council, mobility, Nabiac, pacific, Pedestrian, public health, shuttle, social distancing, Taree, Transport, Victorialast_img read more

Biosecurity kicks up a stink bug

first_imgBiosecurity kicks up a stink bug Department of Agriculture and Water ResourcesThe 2020-21 brown marmorated stink bug (BMSB) season is wrapping up and Australia’s measures have again remained strong against this serious pest.Head of Biosecurity at the Department of Agriculture, Water and the Environment, Andrew Tongue, said this season’s response was a great success.“BMSB could cause significant damage to our crops if it were able to establish here, so it’s important to keep our biosecurity measures sound,” Mr Tongue said.“Because these stink bugs can travel in goods shipped from risk countries, on shipping vessels and even in traveller’s luggage, it is important that we maintain our strict standards on BMSB.“This season we had less live BMSB at the biosecurity entry points, which means our controls are working at minimising these risks.“However, given the hitchhiker nature of this pest, we have had seen increased interceptions in other pathways such as mail and air cargo.“We’ve also increased the number of target risk countries to 36 this year, with Moldova, Portugal, Ukraine and Kazakhstan added this season.“But despite these changes, this year we’ve seen not only half the number of live stink bug in vessels, but we haven’t had to direct a vessel to leave Australian waters for the first time in three years.“That’s a fantastic result. But we cannot get complacent.“BMSB is a serious threat for Australia’s agriculture industries and environment, because of the damage it can do to vegetable crops and fruit and ornamental trees.“They feed on over 300 different plant species, including fruit, vegetables and ornamental plants.“If these bugs were to become established in Australia, we would see less of the fruits we love on the shelf, and these bugs infesting our homes and businesses. The nex“If you import or bring goods into Australia, it’s vital to understand both your responsibilities and the import conditions that may apply.“Complying with these requirements can reduce costly delays and help keep biosecurity risks offshore.“Remember, biosecurity is everyone’s responsibility.”For more information on Australia’s BMSB measures.Fast Facts:If you are unsure about the biosecurity status of goods that you have brought into Australia or received in the mail, please report a biosecurity concern by calling our See. Secure. Report. hotline on 1800 798 636 or completing our online reporting form.To check what items can be brought or mailed into Australia, see Bringing or mailing goods to Australia – Department of Agriculture or BICON – Australian Biosecurity Import Conditions ( /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Agriculture, Australia, Australian, biosecurity, environment, Fast Facts, fruits, Government, import, Kazakhstan, Moldova, Portugal, season, species, travel, Ukraine, vegetableslast_img read more

TRA Research releases white-paper on findings conducted across 16 cities from April 10-22, 2020

first_img COVID-19lockdownresearchTRA ResearchTRA’s Coronavirus Consumer Insights 2020white paper News Menopause to become the next game-changer in global femtech solutions industry by 2025 By EH News Bureau on April 24, 2020 MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Share WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Related Posts Phoenix Business Consulting invests in telehealth platform Healpha According to the white-paper, overall effectiveness of lockdown decision across cities was at 91 per cent, with five of 16 cities giving it above 98 per cent or ‘Excellent’ scoreTRA Research released its white-paper on the findings of its research survey conducted across 16 cities from April 10-22, 2020. The white-paper titled ‘TRA’s Coronavirus Consumer Insights 2020’ is based on a research conducted across 16 cities with 902 urban citizens and delves into their perceptions, attitudes, worries, fears and expectations who have been under voluntary house-arrest for nearly a month.According to the white-paper, the overall effectiveness of the lockdown decision across cities was at 91 per cent, with five of the 16 cities giving it above 98 per cent or ‘Excellent’ score. However the overall implementation of the same across cities was much lower, at 74 per cent. Speaking about the findings in the white-paper, N Chandramouli, CEO, TRA Research said, “The Lockdown decision and implementation had a significant gap of 24 per cent in terms of effectiveness. There are also big gaps in information and knowledge about the Coronavirus transmission, especially in two age brackets, 21-24 years and 46-50 years. The same information gap is seen across cities, barring Mumbai. The misinformation is impacting the attitudes and actions of citizens, for example the belief that eating meat or eggs would.”“Consumers’ trust on India’s health ability to combat crisis is considerably high, at 73 per cent, which translates as ‘Good’, while their trust on India’s economic ability to combat crisis is significantly lower at 63 per cent, showing that the fears of a long term financial and economic impact are prominent on the minds of the citizens,” added Chandramouli. On coping with the crisis, children were affected and data showed that this was not getting recognised and addressed by the family as the coping indices were significantly different for both. “Perhaps parents take the tantrums and confusion children face during lockdown as they would in normal times, often not addressing it directly. This is clearly indicated in the wide gap between the coping scores of children and the family. It is most important that parents take cognisance of the fact that children are going through extreme trauma during the lockdown, and need to take the time and effort to explain and guide their children through with empathy and love.”In the Family Worry Index, the highest concern across cities was that the family may contract the disease (74 per cent), job / business loss was the second biggest concern (68 per cent), and delayed salary was third (62 per cent). Lucknow displayed the highest Family Worry Index at 85 per cent, followed by Nagpur at 81 per cent. The survey found that the Economic Impact Worry Index was at 66 per cent, showing that the personal worries overshadowed any other worry of the citizens.While most cities are relatively aware about the disease symptoms, they are considerably ill informed about the disease spread. Misinformation is highest about disease spread in Delhi followed by Chandigarh. Delhi however scored the highest in terms of the knowledge on symptoms, followed by Mumbai which was nearly two-third lower in this quotient. The missing informal workers in India’s vaccine story TRA Research releases white-paper on findings conducted across 16 cities from April 10-22, 2020 Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app Read Article Comments (0) Add Commentlast_img read more

Ex-Los Angeles sheriff reports to prison for corruption

first_imgHomeBad BehaviorEx-Los Angeles sheriff reports to prison for corruption Feb. 06, 2020 at 5:00 amBad BehaviorBriefsCrimeLawNewsEx-Los Angeles sheriff reports to prison for corruptionGuest Author1 year agocorruptionex sheriffprison Former Los Angeles County Sheriff Lee Baca has reported to prison to begin serving a three-year prison sentence for a corruption conviction, according to federal records.Baca, 77, who has been diagnosed with Alzheimer’s disease, had been free on bail since appealing his obstruction of justice conviction three years ago. The U.S. Supreme Court declined his final appeal last month and Baca was ordered to begin serving his term by Wednesday.Baca was behind bars at the Federal Correctional Institution La Tuna, near El Paso, Texas, according to a federal Bureau of Prisons online database.Baca, who resigned amid the corruption scandal in 2014, was convicted of lying to the FBI and trying to thwart the agency’s investigation into corruption in the nation’s largest jail system.Agents had been secretly looking into allegations of bribery and inmate beatings by jail guards in 2011, when Baca and his top lieutenants learned that an inmate was acting as an FBI informant.Baca and top brass hatched an elaborate plot to hide the informant in the jail system by booking him under false names and moving him to different locations. They also tried to intimidate an FBI agent by threatening to arrest her.Their interference scuttled the investigation into civil rights abuses by guards but exposed corruption among the highest ranks of the department, snaring Baca and his top lieutenant.Baca and his chief deputy, Paul Tanaka, were both convicted. Tanaka was sentenced to five years in prison.More than 20 members of the department, including lower level deputies who beat inmates, were also convicted as a result of the investigation.Baca unsuccessfully challenged his convictions at the 9th U.S. Circuit Court of Appeals on several grounds, including that jurors should have been told of his Alzheimer’s diagnosis.Associated PressTags :corruptionex sheriffprisonshare on Facebookshare on Twitteradd a commentCalifornia firefighters return from battling Australia firesUS conducts test flight of unarmed Minuteman 3 missileYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall6 hours agoBriefsLos Angeles Sheriff’s deputy accused of destroying evidence of 2019 assaultAssociated Press10 hours agoBriefsCalifornia State Treasurer Fiona Ma to Speak at Online Santa Monica College Commencement Ceremony June 25Guest Author10 hours agoNewsCouncil picks new City ManagerBrennon Dixson17 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter17 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor17 hours agolast_img read more

The Growing Future of Local Hops

first_img Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. Email LAKESIDE – The Flathead is known for its many agricultural products, such as cherries and winter wheat, and now the valley may be on the forefront of a growing revolution, one with decidedly boozier origins and green potential.Last week, Ann George, administrator of Hop Growers of America (HGA), visited the Tamarack Brewing Company to discuss the past and future of hops, the bitter, green, conic flowers used for flavoring and stabilizing beer.George’s message was one of promise for a fledgling agricultural industry in the Flathead: as microbreweries continue to gain a foothold in the beer market, hops are also gaining popularity.Montana-grown hops are also gaining traction in the larger market, which in the U.S. is largely centered on the Pacific Northwest growing zone. Tom Britz, who grows 43 varietals at his Glacier Hops Ranch, was recently elected to the newly formed Small Grower Council as part of the HGA.Individual hop farmers now have representation with the association, which Britz said is a step in the right direction toward communication and understanding which hops grow best in different areas of the country.“The good news is we’re at the table, we’re getting started,” Britz said.As the U.S. continues to add microbreweries, George said more hops are used in beer compared to years past. The national Brewers Association set a goal of having microbrews comprise 20 percent of the total beer volume in the U.S. by 2020, she said, and already in 2014, microbrews accounted for 11 percent of the market.Just by having 11 percent of the market, the average hopping ratio per barrel of beer increased from one-fifth or one-fourth of a pound of hops per barrel to 1.46 pounds per barrel.“That’s six times the amount of hops,” George said.If the association reaches its goal of 20 percent of the market, George estimated that the amount of hops necessary to make that beer would be equivalent to 35 percent of the U.S. hop crop.While surely the Australian and European hop markets would be included in that action, George said the increased need for hops brings about opportunities for new farmers like Britz to get into the game.“It’s exciting to see hop-growing expand back to parts of the country that were previous hop-growing areas,” she said.Britz’s farm started as an experiment, funded through the Montana Department of Agriculture and two local breweries, including Tamarack, and started as less than 1 acre. Britz now plans to expand to another 30 acres.It’s because of the support from local brewers that Britz was able to start his farm, and now those hops will go toward making local beer. Tamarack founder Josh Townsley said locally grown hops are an attractive ingredient for his beers, which already include Montana water and barley.“Any locally sourced agricultural items are a huge benefit to us,” he said. “Montana is a great export state; everybody wants a piece of Montana.”Townsley, who is also the president of the Montana Brewers Association, said Montana has 53 breweries and will likely have more than 60 by the end of the year.An integral piece of supporting the small hops industry is breweries contracting certain amounts of hops from growers, thereby allowing the growers to approach the bank for a new loan with money already promised, George said.It’s also important to know which types of hops grow best in this region. Britz said his farm is on the same 48th latitude as the world-famous hop fields of the Hallertau region of Germany, and the extra light the Flathead receives each summer day relative to the fields in Oregon or Washington could prove to be a boon for the crop.Still, growing hops is a nascent effort in the valley, one that Britz and George believe will continue to find its way and thrive.“We’ll skin our knees a little bit,” Britz said. “And we’ll find our sweet spot in time.”last_img read more