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  • Sands Corp. leaving Las Vegas in $6B sale of properties

    first_img Tags Apollo global managementLas VegasSheldon Adelson The Venetian and The Palazzo in Las Vegas. (Getty, The Venetian)Las Vegas Sands Corp. is leaving Las Vegas and aiming for Asia.The company that had been run by Sheldon Adelson until death in January has agreed to sell the Venetian casino and resort and two other Vegas properties for $6.25 billion.The buyer is Apollo Global Management, according to the Wall Street Journal.Apollo partner Alex van Hoek said the move “underscores our conviction in a strong recovery for Las Vegas,” and the global hospitality and gambling business as a whole, according to the report. The hospitality industry has been decimated by the pandemic, although strong gains last month put share prices of publicly traded hotel companies back up to pre-Covid levels.In addition to the opulent Venetian, the other two properties sold were the luxury casino and resort Palazzo, and the Sands Expo Convention Center.ADVERTISEMENTSands Corp. plans to keep its headquarters in Vegas, and executives have said the company has considered expansions in New York and Texas.But it is pivoting its business to Asia, planning to invest more heavily in its Singapore and Macau properties. Those two places accounted for 85 percent of its revenue as of 2019, the report showed.The company had been soliciting offers for its Vegas properties at least as early as October 2020, three months before its founder, Adelson, died at 87.Sands Corp. paused dividends last year amid the pandemic; the sale to Apollo might lead the company to pay some of the proceeds to shareholders, a Jefferies analyst told the Journal.The Vegas tourism industry, meanwhile, is heavily dependent on foot traffic and many casino and hotel operators are feeling the financial pressure of Covid. Some operators came up with incentive packages to draw foot traffic to their properties but gambling revenue dropped 31 percent from 2019 to 2020, the Las Vegas Sun reported.[WSJ] — Dennis Lynch Share via Shortlink Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinklast_img read more

  • LEARNING OUTSIDE (Mary J. Donohoe)

    first_imgLEARNING OUTSIDE — Ms. Rovatsos’ 4th grade class at Mary J. Donohoe enjoys a day outside performing their weathering and erosion relay race! ×last_img

  • Goshen passes, Elkhart tables ordinance allowing COVID-19-related fines

    first_img Google+ Goshen passes, Elkhart tables ordinance allowing COVID-19-related fines Pinterest (Photo supplied/City of Elkhart) The Goshen Common Council passed an ordinance, on Monday, Dec. 7, allowing fines for businesses that fail to enforce COVID-19 prevention measures. The orders include a face mask requirement, with signs advising that they must be worn, and a requirement that events with more than 25 people in attendance have a safety plan approved by the health department. Repeat offenders could be fined $50 to $500, according to 95.3 MNC’s reporting partners at The Elkhart Truth.The Elkhart City Council voted to table a proposed ordinance to help enforce a countywide mask mandate that fines businesses up to $5,000 for not cooperating. The city ordinance came up for its first reading at the city council meeting Monday night, but did not receive the unanimous support necessary to suspend council rules and come up for a vote in the same meeting.“The county did it last week with little public input,” said Councilman-At Large Kevin Bullard. “Public input should be the starting point for these ordinances.”Elkhart Mayor Rod Roberson says this city ordinance is essential to getting the COVID outbreak under control in Elkhart County.“It creates an umbrella where all of us are working together in enacting legislative measures to make sure there’s no overreach,” said Roberson.Bullard and 2nd District Councilman Brian Thomas were the two ‘no’ votes that prevented the order from receiving a second and third reading and subsequent vote on Monday.“It’s all about public input, getting them involved, letting them be more aware,” said Bullard. “We are in a pandemic crisis.”Roberson says this measure needs to be voted on as soon as possible to give some relief to area hospitals.“We are consistently working with very chronically to severely ill patients and the system is literally close to its breaking point,” said Roberson.Bullard says more needs to be done to stop the spread, but fining business is not the correct way to go.“I don’t agree with the fines. Hopefully with more education they won’t be necessary, but we definitely want to hear the public’s input on this ordinance.”The ordinance will be brought up for its second reading at the December 21st council meeting. Google+ Twitter Previous articleIllinois man arrested after leading police on chase from New Buffalo to St. Joseph TownshipNext articleMan, 27, shot and killed at Briarwood Apartments in Benton Township Jon ZimneyJon Zimney is the News and Programming Director for News/Talk 95.3 Michiana’s News Channel and host of the Fries With That podcast. Follow him on Twitter @jzimney. Pinterest By Jon Zimney – December 8, 2020 0 430 Facebook Twitter Facebook WhatsApp WhatsApp CoronavirusIndianaLocalNewslast_img read more

  • Press release: Environment Agency Chair calls for new approach to flood and coastal resilience

    first_img A lack of major floods in recent years is no cause for complacency. As well as building defences we need to increase awareness of flood risk and encourage home and business owner to put in place their own measures to protect their properties too. Currently, two thirds of properties in England are served by infrastructure in areas at risk of flooding and for every person who suffers flooding, around 16 more are affected by loss of services such as power, transport and telecommunications.The strategy calls for all infrastructure to be flood resilient by 2050 and the Environment Agency has committed to working with risk management authorities and infrastructure providers to achieve this.In addition to resilience measures, an average of £1 billion will need to be invested each year in traditional flood and coastal defences and natural flood management. The National Audit Office has previously reported that for every £1 spent on protecting communities, around £9 in property damages and wider impacts is avoided.As well as taking precautions to prepare for flooding and prevent damage, the strategy calls for more to be done to encourage property owners to ‘build back better’ after a flood. This could involve home improvements to make them more resilient, such as raised electrics, hard flooring and flood doors. The Environment Agency will work with government, insurers and financial institutions to review how to bring about this change by 2025.Over 5 million people in England are at risk from flooding and coastal erosion. Yet only a third of people who live in areas at risk of flooding believe their property is at risk. The strategy pledges to build a nation of ‘climate champions’ working with the school curriculum to educate young people about the risk and continuing to develop accessible digital tools to communicate flooding.The strategy also recommends: In some cases, the scale of flooding or coastal change may be so significant the concept of ‘build back better’ may not be appropriate. This may mean potentially moving communities out of harm’s way in the longer term. As properties built in the flood plain are likely to double over the next 50 years due to population growth and climate change, between now and 2030 all new development must be resilient to flooding and coastal change. It’s essential that the government’s National Infrastructure Strategy, published this autumn as part of the Spending Review, adopts our recommendation and backs this up with a robust and effective plan for funding and delivery. The Flood and Coastal Risk Management Strategy consultation is due to run from 9 May 2019 for 8 weeks up until 4 July 2019. Once the consultation has closed, the Environment Agency will review the responses and publish a final document which will then be laid before Parliament in winter 2019.This strategy forms part of the government’s commitments set out in the 25 Year Environment plan to improve the environment within a generation, leaving it in a better state than we found it.Stakeholder reactionLord Deben, Chairman of the Committee on Climate Change, said: All new development must not only be resilient to flooding but should also contribute to an environmental net gain. Launching a major, long-term strategy to tackle flooding and coastal change, Environment Agency Chair, Emma Howard Boyd has said ‘we cannot win a war against water’ by building higher flood defences and called for a new approach to ensure communities are resilient to the threat of flooding posed by climate change.Opening an 8-week consultation on the new strategy, Emma Howard Boyd said that the Environment Agency is preparing for a potential 4°C rise in global temperature and urgent action is needed to tackle more frequent, intense flooding and sea level rise.Among the recommendations in the strategy, the Environment Agency has committed to working with partners to develop consistent standards for flood and coastal resilience across the country. To achieve these standards, communities should have access to a range of tools which give them control of how they prepare for and respond to flooding and coastal change, based on the challenges or flood risk that particular location may face.These could include traditional defences, temporary barriers, natural flood management, sustainable drainage systems, effective flood warnings and emergency response, alongside designing and adapting existing properties and new development so they can recover quickly from a flood.Launching the strategy at Brunel University in London, Emma Howard Boyd said: Government, the Environment Agency and risk management authorities need to be agile to the latest climate science, growth projections, investment opportunities and other changes to our local environment. The coastline has never stayed in the same place and there have always been floods, but climate change is increasing and accelerating these threats. Flooding and coastal change projects should support local economic regeneration, unlocking potential for new housing and business. EA preparing for 4°C rise in global temperature and will develop new standards of flood resilience for communities All infrastructure resilient to flooding and coastal change by 2050 £1 billion per year needed in traditional flood and coastal defences Climate change & population growth set to double number of properties built on flood plain over next 50 years Nicolas Aubert, Head of Great Britain, Willis Towers Watson said: Sir John Armitt, Chair of the National Infrastructure Commission said: In many cases, we won’t be able to stop flooding and coastal erosion. But that doesn’t mean we should just accept it. We must ensure that communities are resilient and as our Assessment showed, this is affordable and achievable. Huw Evans, Director General of the Association of British Insurers (ABI) said: Climate change is a real and growing threat to our way of life and nowhere is this felt more keenly than those parts of the country facing an increased risk of flooding. So we welcome the Agency’s approach and their endorsement of our call for a national standard for flood resilience. Climate change is dramatically increasing the risk of flooding in the UK and there are potentially drastic consequences for homes, businesses and communities if we fail to take action. At least one billion pounds a year to bolster physical defences is essential to support the Environment Agency’s plan to protect vital infrastructure as well as property. It is significant that the Environment Agency is preparing for the likelihood of a 4°C temperature rise. Willis Towers Watson commends the comprehensive approach that the EA is promoting via the consultation to meet the challenges this will bring to our economy, communities and natural assets. We can’t win a war against water by building away climate change with infinitely high flood defences. We need to develop consistent standards for flood and coastal resilience in England that help communities better understand their risk and give them more control about how to adapt and respond. Everyone can see climate change accelerating. The UK urgently needs to stay ahead of worsening impacts by adapting. The Environment Agency is doing just that by setting out their flood strategy but we won’t be able to keep up with the pace of change if we don’t reduce emissions to zero. The Committee on Climate Change’s net zero report shows how to do that. The financial sector must redouble its efforts to address climate risks and, working with the public sector, support the investment and other interventions needed to deliver national and local resilience, now, and in the decades ahead. You can respond to the consultation here.last_img read more

  • Trombone Shorty To Release New Album With Blue Note Records Before 2017 Jazz Fest

    first_imgEarlier today, the prodigious jazz label Blue Note Records announced that Troy “Trombone Shorty” Andrews would be joining their ranks. With monumental jazz artists, such as Herbie Hancock, Miles Davis, Freddie Hubbard, Thelonious Monk, John Coltrane, and Wayne Shorter to name a just a few, gracing Blue Note’s roster, Trombone Shorty’s inclusion among these names places him solidly within this modern generation’s jazz scene. In April, Trombone Shorty’s album on Blue Note Records is set to drop. The album will debut before the 2017 New Orleans Jazz & Heritage Festival, where Trombone Shorty & Orleans Avenue are set to close out the festival on May 7.You can check out recently announced late-night shows for this year’s Jazz Fest here, including Zigaboo Modeliste’s 19th Annual Funk Revue with Organ Freeman at The Howling Wolf following Trombone Shorty & Orleans Avenue’s festival closing set on May 7th. Leading up to Jazz Fest, Trombone Shorty will be touring extensively with the Red Hot Chili Peppers through March 18th, including sold-out shows at Madison Square Garden in New York City and Staples Center in Los Angeles. Trombone Shorty’s future tour dates can be found below, and tickets can be purchased via Trombone Shorty & Orlean Avenue’s website.Trombone Shorty & Orleans Avenue 2017 Tour DatesFebruary 01 – Grand Rapids, Mich. @ 20 Monroe LiveFebruary 02 – Detroit, Mich. @ Joe Louis ArenaFebruary 03 – Chicago, Ill. @ Park WestFebruary 04 – Toronto, Ontario @ Air Canada CentreFebruary 07-08 – Boston, Mass. @ TD GardenFebruary 10 – Buffalo, N.Y. @ Key Bank CenterFebruary 11 – Atlantic City, N.J. @ The Music Box – Borgata Hotel Casino & SpaFebruary 12-13 – Philadelphia, Pa. @ Wells Fargo CenterFebruary 15 – New York, N.Y @ Madison Square GardenFebruary 16 – Port Chester, N.Y. @ The Capitol TheatreFebruary 17-18 – New York, N.Y @ Madison Square GardenMarch 02 – Denver, Colo. @ Pepsi CenterMarch 03 – Santa Fe, N.M. @ Lensic Performing Arts CenterMarch 04 – Glendale, Ariz. @ Gila River ArenaMarch 05 – San Diego, Calif. @ Valley View Casino CenterMarch 07-08 – Los Angeles, Calif. @ Staples CenterMarch 10 – Los Angeles, Calif. @ Staples CenterMarch 11 – Stateline, Nev. @ Montbleu Resort CasinoMarch 12 – Oakland, Calif. @ Oracle ArenaMarch 15 – Portland, Ore. @ Moda CenterMarch 17 – Seattle, Wash. @ KeyArenaMarch 18 – Vancouver, British Columbia @ Rogers ArenaApril 10 – Sydney, Australia @ The Metro TheaterApril 11 – Melbourne, Australia @ 170 RussellApril 13-17 – Byron Bay, Australia @ Byron Bay BluefestApril 22 – Atlanta, Ga. @ Sweetwater 420 FestivalApril 29 – New Orleans, La. @ Saenger TheatreMay 07 – New Orleans, La. @ New Orleans FairgroundsJune 29-30 – New Orleans, La. @ Essence FestivalJuly 01-02 – New Orleans, La. @ Essence FestivalAugust 04 – Newport, R.I. @ International Tennis Hall of Famelast_img read more

  • The Motet Announces “StarMatter 303” Weed Strain, 4/20 Launch Party Celebration

    first_imgColorado’s own seven-piece funk outfit The Motet has announced their first weed strain, “StarMatter 303”, in collaboration with local company and dispensary The Clinic.On April 1st, The Motet will kick off their new marijuana mission by launching a Pax Era pod into all of The Clinic’s locations and select other dispensaries. A flower release date is yet to be announced.The Motet and The Clinic will celebrate their new collaboration with a special StarMatter 303 launch party at Frisco, CO’s 10 Mile Music Hall on April 20th.In January, following months of anticipation, The Motet officially released their latest studio album, Death or Devotion. The new record marks the band’s first release since 2016’s Totem. The Denver, CO-based seven-piece—comprised of Dave Watts (drums), Joey Porter (keys), Garrett Sayers (bass), Ryan Jalbert (guitar), Lyle Divinsky (vocals), Drew Sayers (sax) and Parris Fleming (trumpet)—previewed Death or Devotion for their hometown fans with a free surprise album release show at Cervantes‘.Tickets for The Motet’s 4/20 celebration are on sale now here.For more information and a full list of The Motet’s upcoming tour dates, head to the band’s website.last_img read more

  • Instagram Takeover | Corey Wolfenbarger

    first_imgScreen Shot 2016-02-16 at 9.52.45 AM[divider]More from blue ridge outdoors.com[/divider] This month’s Instagram Takeover features Knoxville, Tennessee-based Instagramer @coreywolfenbarger. Corey uses his Knoxville home as a basecamp from which to explore and document the stunning landscape of the Great Smoky Mountains. With a unique perspective and a keen eye for photography he captures the essence of this mountain range in a compelling and atheistically pleasing way.Check out a sampling of Corey’s work below, follow him on Instagram, and stay tuned for an exclusive Q & A.Screen Shot 2016-02-16 at 9.32.53 AMScreen Shot 2016-02-16 at 9.18.39 AMScreen Shot 2016-02-16 at 9.21.46 AMScreen Shot 2016-02-16 at 9.04.11 AMScreen Shot 2016-02-16 at 1.18.18 PMlast_img read more

  • Paraguayan Army to Burn Large Amount of Seized Marijuana

    first_imgThe operation was part of Operation Morazán, a FUSINA initiative to prevent the trafficking of narcotics, humans, and stolen goods. The Colombian National Army continued its offensive against narco-trafficking nationwide by destroying seven cocaine laboratories in the departments of Cauca, Norte de Santander, and Antioquia, the Army said in a statement on January 25. Troops seized the marijuana during six operations in 2013 and 11 in 2014. During one of the missions, Soldiers seized 3,000 kilograms they found in the basement of a residence in Curuguaty on September 16, 2014. Troops with the Army Second Division dismantled a cocaine laboratory in the municipality of Tibú in Norte de Santander, where they destroyed 220 gallons of coca base, 200 kilograms of chopped coca leaves and 468 gallons of gasoline. Colombian National Army destroys seven cocaine laboratories The action will mark the first incineration of marijuana at the premise since Troops destroyed 4,170 kilograms of the substance on November 4, 2013. Canindeyú, which is one of the country’s biggest hot spots for marijuana plantations, is near the Brazilian border. The action will mark the first incineration of marijuana at the premise since Troops destroyed 4,170 kilograms of the substance on November 4, 2013. Canindeyú, which is one of the country’s biggest hot spots for marijuana plantations, is near the Brazilian border. Drug traffickers in Paraguay cultivated about 30,000 tons of marijuana in 2014, making it one of the world’s largest producers of marijuana, according to the United Nations. The Colombian National Army continued its offensive against narco-trafficking nationwide by destroying seven cocaine laboratories in the departments of Cauca, Norte de Santander, and Antioquia, the Army said in a statement on January 25. By Dialogo January 28, 2015 Troops with National Interagency Security Force (FUSINA), an elite Honduran security force comprised of Army Soldiers and National Police agents, recently demolished large patches of land that narco-traffickers in the Department of Santa Bárbara used as drug trafficking routes. Members of the First Battalion of Engineers used bulldozers and explosives to open craters in Nueva Frontera, Cerro El Aguacate and Mirasoles. Members of the First Battalion of Engineers used bulldozers and explosives to open craters in Nueva Frontera, Cerro El Aguacate and Mirasoles. In 2014, FUSINA Troops carried out similar operations against narco-traffickers in Gracias a Dios, Olanchito and Atlántida, in addition to seizing 11,681 kilograms of cocaine. In 2014, FUSINA Troops carried out similar operations against narco-traffickers in Gracias a Dios, Olanchito and Atlántida, in addition to seizing 11,681 kilograms of cocaine. Narco-traffickers had been using the terrain in these remote areas to transport drugs into neighboring Guatemala. Thanks to the work of the Military Engineers, the land is now studded with large craters. Honduran security force FUSINA fights drug trafficking Honduran security force FUSINA fights drug trafficking Colombian National Army destroys seven cocaine laboratories Narco-traffickers had been using the terrain in these remote areas to transport drugs into neighboring Guatemala. Thanks to the work of the Military Engineers, the land is now studded with large craters. The final two cocaine laboratories were discovered by the Joint Task Force Nudo de Paramillo in the towns of Mutatá and Ituango in Antioquia. They collectively housed 356 kilograms of coca leaves, 55 gallons of coca base and 150 kilograms of cement, among other supplies and equipment. The Paraguayan Army is scheduled to burn 12 tons of marijuana on January 29 at its First Army Corps headquarters near the city of Curuguaty in the Department of Canindeyú. The Paraguayan Army is scheduled to burn 12 tons of marijuana on January 29 at its First Army Corps headquarters near the city of Curuguaty in the Department of Canindeyú. Troops with the Army Second Division dismantled a cocaine laboratory in the municipality of Tibú in Norte de Santander, where they destroyed 220 gallons of coca base, 200 kilograms of chopped coca leaves and 468 gallons of gasoline. Soldiers with the Apolo Task Force found four of the laboratories in the municipalities of Suarez, Páez and El Tambo in Cauca, where they collectively seized 353 gallons of processed coca paste – the main ingredient used to make cocaine – 277 kilograms of cocaine leaves, 12 kilograms of caustic soda and 10 kilograms of ammonium sulfate, among other supplies and equipment. Troops with National Interagency Security Force (FUSINA), an elite Honduran security force comprised of Army Soldiers and National Police agents, recently demolished large patches of land that narco-traffickers in the Department of Santa Bárbara used as drug trafficking routes. Soldiers with the Apolo Task Force found four of the laboratories in the municipalities of Suarez, Páez and El Tambo in Cauca, where they collectively seized 353 gallons of processed coca paste – the main ingredient used to make cocaine – 277 kilograms of cocaine leaves, 12 kilograms of caustic soda and 10 kilograms of ammonium sulfate, among other supplies and equipment. Troops seized the marijuana during six operations in 2013 and 11 in 2014. During one of the missions, Soldiers seized 3,000 kilograms they found in the basement of a residence in Curuguaty on September 16, 2014. Drug traffickers in Paraguay cultivated about 30,000 tons of marijuana in 2014, making it one of the world’s largest producers of marijuana, according to the United Nations. The final two cocaine laboratories were discovered by the Joint Task Force Nudo de Paramillo in the towns of Mutatá and Ituango in Antioquia. They collectively housed 356 kilograms of coca leaves, 55 gallons of coca base and 150 kilograms of cement, among other supplies and equipment. The operation was part of Operation Morazán, a FUSINA initiative to prevent the trafficking of narcotics, humans, and stolen goods.last_img read more

  • Facility Solutions: Manage your way to growth

    first_img 26SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The difference between a new headquarters that facilitates credit union growth and a project that drags organizational performance down often relates to project management. Our March column addressed how developing a strategic occupancy plan, assembling the right team and stress-testing project plans impact organizational growth. Now we turn our attention to the need for strong management.Executives must identify up-front how the project will affect their work priorities and those of their staffs from start to finish. A common complaint is, “We had no idea how much of our time would be involved. The project set back several other scheduled initiatives.” Work with your facility consultant and/or architect and contractor to create a master project schedule and insert individual staff resource requirements throughout the process.An additional tool is a responsibility matrix, which spells out all the tasks involved at each step of the project and the people who take primary, support, input and approval responsibilities. Developing this matrix may sound like a lot of work, but it can avert resource allocation disaster.The credit union should provide a single point of contact, or project champion, from start to finish for an HQ project. Some credit unions hire an outside project manager for a big HQ project so their staff can focus on running the organization. The monthly costs for a project manager can range from $4,000 to $20,000 based on the size of the project. continue reading »last_img read more

  • Credit unions help kids give a hoot during Credit Union Youth Month

    first_imgAs National Credit Union Youth Month winds down, the tally goes up of members and communities that learned about–and celebrated–the power of saving.This year’s theme is “Give a Hoot About Saving,” which included a number of owl-focused images to promote #CUYouthMonth on Twitter.Mississippi credit unions offered free admission to the first 2,500 people who arrived for the third annual CU at the Zoo event at the Jackson Zoo. Other credit unions challenged young members to add to their savings accounts through contests. For more Credit Union Youth Month activities, see the Storify below.Money Smart Week, which runs April 22-29, is another program promoting financial education. The Federal Reserve Bank of Chicago created the campaign that fosters collaboration among businesses, financial institutions, schools, libraries, not-for-profits, government agencies and media.Credit unions have scheduled classes on budgeting, retirement planning, identity theft protection, student loans, credit management and even how to save money by clipping coupons. Others are providing free books such as “A Dollar for a Penny” and “Little Critter: Just Saving My Money” to children. 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more