Category: layaqimawkwf

Kingston’s ransom

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Take Dead Aim

first_imgKeep it simple. Hit it straight. That’s the best advice you’ll ever get. And it came straight from what many say was the best teacher and coach in the game, Harvey Penick. You too can take advantage of Harvey’s wisdom and teachings. It’s all there in The Little Red Book.Harvey got his start in golf at the ripe old age of eight. The Penick home was just a few blocks from the Austin Country Club, established in 1899. As an eight-year-old, Harvey loved to caddie and gave whatever money he earned to his dad. After just five years, the club made Harvey the assistant professional at 13. After graduating from high school in 1923, Harvey, just 17, was named the head professional and stayed in that role until 1973.In 1931, Harvey was named the golf coach at the University of Texas. He loved to teach and ended up teaching five Golf Hall of Fame inductees. Two of his most prized pupils were Tom Kite, US Open Champion, and two-time Masters winner Ben Crenshaw. A lesson from Harvey was very special.I may very well be the only student Harvey could not help, but I so enjoyed my lessons from Mr. Penick. It’s simple, really. If you want to improve your golf game, just do what Harvey preached: “Keep it simple and take dead aim.”In 1973, Harvey’s son Tinsley took over as the head pro. Then, when Tinsley retired, Dale Morgan took over. Dale, beyond any question of doubt, is the best-dressed head professional in the country. It’s incredible to think that Austin Country Club has only ever had three head pros.This past week, the WGC-Dell Technologies Match Play Championship, the only match play event on the PGA Tour schedule, was held at Austin Country Club. It was a fun week for me staying with my longtime friend Sonny Rhodes, who has been an Austin Country Club member for many years and was Harvey’s close friend. In fact, Sonny served as a pallbearer along with Tom Kite and Ben Crenshaw at Harvey’s funeral during Masters week in 1995.Another highlight for me was having dinner in a restaurant owned by the Foles family. Yes, that’s Nick Foles, the winning quarterback in this year’s Super Bowl. Nick’s mother was a delight to meet. She is so proud of her son, not only for his football accomplishments, but because he will be going into the ministry after his football days are over.Match Play is a lot of fun to watch, especially when there is a strong East End connection right in the thick of the action.In the championship match, it was Bubba Watson vs. Kevin Kisner. On the bag for Kisner was East Hampton’s own Duane Bock. It wasn’t a great day for Kevin as he lost quite handily to Bubba, however, Kisner still walked away with over $1 million for second place. That means Duane padded his bank account with a nice 10 percent of that for a week’s work. Not a bad job if you can get it.We’ve waited seven months for a major championship and now the Masters is only a week away. This year promises to be one for the ages. A rejuvenated Tiger Woods has the excitement level at an all-time high, and Rory McIlroy can achieve a career grand slam with a win.Wednesday practice round tickets are now selling for $1500 each. If you’re feeling really flush and want to attend Thursday through Sunday, be prepared to shell out more than $10 grand for the privilege. On paper at least, this promises to be a wide-open Masters, with at least 20 players having a great chance to add a snazzy green jacket to their wardrobe.But, of course, once that final putt drops at Augusta, our attention will turn to Shinnecock and the US Open in June. By the way, the merchandise tent will be open for business beginning on Thursday the week before (June 7). Now for the good news . . . no ticket necessary to walk in and buy your US Open gear.The player who keeps it simple and takes dead aim will have the best chance to join 1896 Champion James Foulis, 1986 Champion Raymond Floyd, 1995 Champion Corey Pavin, and 2004 Champion Retief Goosen, the last four winners at Shinnecock. Sharelast_img read more

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Gazprom: Shtokman Design and Survey Works to be Completed in Early 2014

first_img[mappress]Press Release, June 18, 2013 The Gazprom Board of Directors took note of the information concerning the progress with the Shtokman gas and condensate field development project.It was emphasized that the design and survey operations for the offshore infrastructure and the marine port with LNG storage facilities were to be completed between late 2013 and early 2014. The devised documents will be reviewed by corporate, state and environmental experts. Design work continues on onshore facilities.The Management Committee was tasked to continue the project related activities and inform the Board of Directors about their progress in 2014.BackgroundThe Shtokman gas and condensate field is situated in the central part of the continental shelf within the Russian sector of the Barents Sea. C1 reserves of the field make up 3.9 trillion cubic meters of gas and 56.1 million tons of gas condensate. Gazprom holds the gas and gas condensate exploration and production license for the Shtokman field.last_img read more

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InterOil Reports USD 6.3 Mln Net Loss in Q3, PNG

first_imgInterOil’s recorded net loss for the quarter ended September 30, 2013 was $6.3 million, compared with a profit of $5.3 million for the same period in 2012. The $11.6 million decrease in net profit was mainly due to an $8.6 million increase in foreign exchange losses and a $7.6 million decrease in gross margin on account of a relatively stable crude and product prices movement during the current quarter as compared to increases in the same quarter of 2012.EBITDA for the third quarter of 2013 was $9.9 million, a decrease of $9.1 million compared to EBITDA of $19.0 million for the same period in 2012.Total revenues decreased by $21.6 million to $305.2 million, primarily due to lower sales volumes during the quarter. The total volume of all products sold was 2.0 million barrels, compared with 2.3 million barrels in the same quarter of 2012, mainly due to the timing of refinery exports in the third quarter of 2012.Michael Hession, InterOil Corporation Chief Executive Officer, commented, “The Company is delivering on its commitments to strengthen its financial position, complete a monetization transaction and resume exploration. We are pleased to have the support of a high calibre syndicate of international banks to bridge our funding requirements between the execution of a sales and purchase agreement (SPA) and completing the monetization transaction.The management team is focused on the key drivers that create value for shareholders. We have identified priority objectives within our core business streams which are appropriately staffed and funded.Negotiations with a number of supermajors regarding the monetization of our gas resources are in the final stages. We expect to be able to make an announcement on the selection of our development partner before year end.Ongoing exploration activity is one of InterOil’s four core business units in Papua New Guinea, the others being midstream refining, downstream wholesale and retail petroleum distribution and the monetization of its gas resources.” “InterOil supports the communities in which it operates. We are proud to work with the people and Government of Papua New Guinea as we commit to further development that will provide revenue and employment for the PNG economy.”[mappress]LNG World News Staff, November 12, 2013last_img read more

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Hansom: Hidden depths

first_imgSubscribe now for unlimited access Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community Get your free guest access  SIGN UP TODAY To continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletterslast_img read more

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Chambers chief vows to defy ‘abhorrent’ foreign workers plan

first_imgLawyers have reacted dismissively to government plans to force companies to list foreign workers in an attempt to control immigration.Reports in the national media today said the Home Office plans to compel businesses to ‘be clear about the proportion of their workforce which is international’.Addressing the Conservative party conference,home secretary Amber Rudd (pictured),  said she wanted to look again at whether the immigration system provides the ‘right incentives’ for businesses to invest in British workers.But voices from the legal profession have questioned whether the measure is either workable or enforceable.Philip Marshall QC, joint head of chambers at London set 1KBW, tweeted that he would refuse to comply with the instruction.‘This is utterly abhorrent and has echoes from history that I find chilling,’ he added.Such a measure could create problems for the UK’s big international law firms, which employ large numbers of foreign nationals in their domestic offices.But Laurie Anstis, a director at Reading firm Boyes Turner, said the law already requires employers to register workers from outside the European Economic Area – and pointed out that the register of sponsors is a published document.Michael Newman, a partner at national firm Leigh Day, said the proposal ‘smacks of race discrimination’, covering less favourable treatment of workers on the grounds of nationality.Newman added: ‘What is unclear from the current proposals is how individual employees would be treated, given that the motivation is said to be to “pressure” employers into taking action.‘Would it mean foreign workers would be more likely to be made redundant in order to improve the figures? Or just dismissed outright? Of course, the protection from race discrimination is currently underpinned by EU law; whether this will survive Brexit is questionable, especially if the current administration wants to continue taking a hard line on immigration.’Luke Hutchings, partner at Taylor Rose TTKW, based in Peterborough, also questioned whether the government would actually act on its rhetoric.‘Ms Rudd has been at pains to state that the list is only an idea which is being reviewed, and not policy, much less being a legal requirement which is enforceable. ‘My own view is that these proposals will not be progressed, but they do evidence a renewed push on the part of the government to discourage employers from failing to recruit UK nationals to fill gaps in the workforce.’last_img read more

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Asons director ‘allowed’ firm to become embroiled in fraudulent activity

first_imgThe senior solicitor at a personal injury firm was dishonest or at the very least lacked integrity by allowing the firm to become embroiled in a fraudulent scheme involving road traffic accident claims, a tribunal heard this week.The Solicitors Disciplinary Tribunal (SDT) is currently conducting an eight-day hearing into Kamran Akram – formerly principal solicitor at Asons Solicitors in Bolton.Charges brought by the Solicitors Regulation Authority (SRA) include that Akram caused or permitted the presentation of applications for costs which misrepresented the grade of fee-earners so as to increase the level of recoverable costs; and caused or permitted claims for special damages which contained particulars that were false.Akram denies that he lacked integrity, or acted dishonestly or recklessly.For the SRA, counsel Rory Dunlop said that even if Akram was unaware of the ‘fraudulent activity’,  [the SRA] could not see how it would not be considered reckless that he was unaware of such practices.Dunlop said the tribunal should take note of two recent judgments, Ivey v Genting Casinos Ltd t/a Crockfords, which centres on the test for dishonesty and Wingate & Anor v The Solicitors Regulation Authority, on what constitutes a lack of integrity. In Wingate, Lord Justice Jackson said professional people should have a duty to adhere to higher moral standards not only in what they say but also what they do.Dunlop said: ‘You [the tribunal] may say that allowing your firm to become embroiled in RTA and special damages fraud amounts to a lack of integrity.’In yesterday’s evidence Julian Smart, partner at national firm BLM, said it suspected that Asons operated under an ‘edict’ in which the experience and grade of fee earners were overstated.BLM had acted on behalf of insurance company Zurich – the defendant in several personal injury claims brought by Asons.In addition, the tribunal heard that the firm had made a series of ‘almost identical’ costs orders falsely claiming that psychological and cognitive behavioural therapy treatment had been carried out.The cases, at Nottingham County Court, were consolidated and later settled. Asons was ordered to meet the wasted costs of defendants, including Zurich.Dunlop said although Asons made no admission of reckless behaviour ‘paying costs is in itself indicative of being at fault’.For Akram, Geoff Williams QC said the SRA’s forensic report was based on a ‘tiny fraction’ (0.7%) of the total number of files the firm was working on. Questioning the SRA’s forensic officer Adam Howells, Williams said there was no evidence to suggest that the activity resulted in the financial success of the firm.The hearing continues and all charges are as yet unproven.last_img read more

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Market

first_imgCzech Republic: Citing high prices, CD has abandoned a tender to acquire 20 tri-voltage locomotives to operate at up to 230 km/h (RG 3.03 p123). Denmark: Interfleet Technology has assisted Railion Denmark in tendering and drawing up contracts for maintenance of its 43 locos and 1500 wagons.France: SMC Rail and Setec have won an RFF contract to use OpenTrack software to model the timetables and simulate proposed operations on railway routes around Strasbourg which are to be converted for tram-train operations.SNCF has signed a lease for a further 15 Vossloh G1206 (Class BB461000) locos from Locomotion Capital. They will be based at Strasbourg for use on cross-border trains to Germany.SNCF has exercised a €45m option for additional Bombardier AGC multiple-units. Two diesel trainsets have been ordered for the region of Auvergne, and 12 three-car electro-diesel sets have been ordered for use in Limousin.Germany: DB Cargo is to re-engine up to 398 Class 290 diesel locos to meet forthcoming environmental regulations. The units will be fitted with MTU 8V 4000 R41 engines, reducing emissions of nitrogen dioxide by up to 30% compared with the older engines.Lithuania: Stiga Balt has been awarded a US$1·5m contract to supply 30000 reinforced concrete sleepers to LG by July. The firm is also supplying 120000 sleepers to Latvian Railway.Luxembourg: CFL has signed an operating lease with Locomotion Capital for six Bombardier BR185 electric locos, to be delivered later this year. CFL has taken delivery of a Vossloh G1206 diesel from the Angel Trains subsidiary.Netherlands: Trans Link Systems, created by NS, Connexxion, Den Haag Transport, Amsterdam Transport and RET of Rotterdam, has selected the East-West Consortium of Accenture, Hong Kong MTRC, Thales and Vialis as preferred bidder for the introduction of a national multi-mode smart card.Slovakia: Kapsch CarrierCom has selected Nortel Networks to supply GSM-R communication infrastructure for ZSR.Spain: Alcatel has signed a four-year extension of its contract with Renfe to maintain signalling and traffic control on the Madrid – Sevilla high speed line.Bids are to be invited for two contracts covering civil works for a 9·5 km tunnel between Colmenar Viejo and Soto del Real on the Madrid – Valladolid high speed line. A budget of €150·8m has been set for the eastern bore and €159·6m for the western, with work on both to be completed within 42 months.GIF has awarded Comsa a €24·6m contract to undertake civil works on the 4 km Fuencarral – Canto Blanco section of the Madrid – Valladolid high speed line. The 7 km Canto Blanco – Tres Cantos section has been awarded to Dragados Obras y Proyectos and Tecsa for €33·5m, while Vías y Construcciones will be building the 6·4 km Tres Cantos – Colmenar Viejo segment for €30·4m.GIF has awarded a €33·8m contract to Dragados and Tecsa to build the 8·9 km Alameda de la Sagra – Mocejón section of the high speed branch to Toledo. Necso has a €39·1m contract to build the 11·6 km from Mocejón to Toledo.Sweden: Västtrafik has placed a €21m order for three Bombardier three-car Regina EMUs for delivery in 2004.Switzerland: Swiss Rail Cargo Italy has placed a €6·6m order for three Vossloh G2000 diesel locos.United Kingdom: Harsco Track Technologies is to supply additional Stoneblower track maintenance machines worth $23m to Network Rail next year.USA: Union Switch & Signal has won a $5·5m contract to design, supply and install relay-based interlocking for NYCT’s Corona yard by spring 2005.last_img read more

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Basel tram network extended to French border

first_imgSWITZERLAND: Basel tram operator BVB opened the first phase of an extension into France on July 31. The 500 m extension of Route 3 from its previous northwestern terminus of Burgfelden Grenze to Burgfelderhof brings it to the border. Burgfelden Grenze stop closed on July 14, with buses replacing trams to the terminus until the new section opened. There is an intermediate stop at Waldinghoferstrasse. The cost of the first phase of the extension was SFr35m, including a new turning loop. Because this is partly on the French side of the border, trams are not permitted to carry passengers while travelling around it. The full 3 km long extension with four stops to Saint-Louis station in France is due to open on December 9. Test running started on August 2 and driver training is due to begin in September. The remaining section cost SFr54m, and the entire extension project, including the construction of park-and-ride facilities, is SFr87m. Once the extension to Saint-Louis is open, every second tram will continue into France, giving the Burgfelderhof – Saint-Louis section a 15 min frequency. Route 3 will become BVB’s second cross-border tram route, following the opening of a Route 8 extension into Germany in December 2014. Route 10, operated by Baselland Transport, already crosses into France, where it serves one stop before crossing back into Switzerland.last_img read more

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Russian Railways presents platskartny modernisation concept

first_imgRUSSIA: The future look of Russian Railways’ platskartny coaches which offer the cheapest and most basic accommodation on very long-distance services was unveiled at the Transport Week exhibition and conference in Moscow last month.On show was two-window mock-up of part of a coach for visitors to inspect and comment on.The semi-open layout without compartment doors would be retained, but berths would have individual curtains to improve privacy. The new interiors would be modular, with facilities for parents with babies, modern toilets with ‘advanced’ flushing system, snack vending machines, air-conditioning, wi-fi and charging sockets. Tables will be bigger, and the upper berths will also have tables. The berths would be slightly narrower than at present, as a result of the introduction of soft backrests and barriers to stop people falling out. Feedback at the exhibition raised concerns over a reduction in the amount of luggage space available.The Vagonremmash factory in Tambov is refurbishing one coach as a prototype, ahead of the planned series modernisation of RZD’s large fleet of platskartny cars which is expected to get underway in 2019.last_img read more

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