Australian government analysis warns that reliance on Indian coal imports poses ‘significant risk’

first_img FacebookTwitterLinkedInEmailPrint分享The Guardian:Thermal coal exporters face “significant risk” that demand from India will decline, a report by the Australian office of the chief economist says. It also warned of long-term uncertainties in the market considered a “great hope” by miners.The report, released on Friday, came as the resources minister, Matt Canavan, prepared to visit India to promote the Australian resources sector. He argued India has an “astonishing” appetite for Australian thermal coal that could support “three to four new Adani-sized coalmines.” But those comments appeared at odds with the conclusions of the government’s economic advisers: that while India and southeast Asia were seen by the resources industry as a “bright light” that could help sustain Australian thermal coalminers as industrialised nations pivot away from fossil fuels, the outlook in India was “finely balanced and uncertain.”“While India is one of the great hopes for thermal coal exporters, alongside southeast Asia, it also presents significant risk,” the first paragraph of the report said. “If India’s thermal coal imports decline, there could be substantial implications for seaborne markets.”The argument being pushed by advocates of the thermal coal sector, that growth in these new markets could support new mines – or a new coal basin – ignores the more dramatic shifts away from coal in developed economies, analysts said.Tim Buckley, the director of energy finance studies at the Institute for Energy Economics and Financial Analysis, said: “The hope was that India and southeast Asia might provide something of a cushion [for the thermal coal industry] on the way down. But this isn’t a gentle slide to oblivion.”Buckley said solar power in India was three times cheaper than the assumptions used in the chief economist’s report, based on outdated IEA predictions. “They’re underestimating the importance of low-cost renewable energy,” he said. “Growth of thermal coal demand in India is financially challenged by the fact renewable energy is 30% cheaper, so what bank in their right mind would finance a new coal-fired power plant?”More: Australian thermal coal exporters warned of falling demand from India Australian government analysis warns that reliance on Indian coal imports poses ‘significant risk’last_img read more

How student loans can impact your credit score

first_img continue reading » If you’re concerned about the impact student loans will have on your financial future, you’re far from alone. And while your primary focus may be on creating a plan to pay off those loans efficiently, it’s important to know that your student loans can influence other areas of your financial life as well, like your credit health. Student loans are a type of installment loan, which work similarly to auto loans and mortgages. While student loans are very different from credit cards, they can play an important role in helping you build credit history and will impact your credit score in various ways. Payment history The most important thing you can do to maintain healthy credit is make sure you’re paying your bills on time — student loans are no exception. Even one missed payment can lower your credit score, and late payments can stay on your credit report for up to seven years. Staying on top of your student loan payback schedules is essential, especially since you may need to pay your loans to different servicers. The National Student Loan Data Systemis a great resource to help keep track of your federal student loans’ statuses and servicer information. Payment history may be the most important factor, but there are other ways your student loans can have an effect on your credit score. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Casey’s General Store marks fifth season of support for Super Nationals, Deery Series

first_imgANKENY, Iowa – The Official Convenience Store of IMCA marks its fifth season of sponsorship in 2017, continuing invaluable support of Super Nationals and the Deery Brothers Summer Series.Casey’s General Store continues its presenting sponsor role for the IMCA Speedway Motors Su­per Nationals, scheduled Sept. 4-9 at Boone Speedway. Casey’s also returns as title spon­sor for the redraw at each IMCA Late Model tour main event.The 2017 season is the second in the latest three-year partnership agreement between Casey’s and IMCA.Casey’s and IMCA both donate $10 to Hope for the Warriors on behalf of each heat winner during the week of Super Nationals. That organization, which serves post-9/11 service members and their families, has received more than $20,000 in the past four events.Super Nationals heat winners also receive a hat and $20 gift card.Drivers drawing the pole for each Deery Series main event get $50 gift cards while those with per­fect attendance for the entire season receive $100 gift cards.Decal placement is required and gift cards are redeemable at any Casey’s location.Based in Ankeny, Iowa, Casey’s has more than 1,900 stores in 15 states, with the most recent addition to that list being Ohio.Casey’s also has stores in Arkansas, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Mis­souri, Nebraska, North Dakota, Oklahoma, South Dakota, Tennes­see and Wisconsin.In addition to selling grocery items, bakery goods and gasoline, Casey’s is currently the fifth larg­est pizza chain in the country and is becoming even more famous for pizza with online orders and a new app for smartphone and other mobile device users.The first Casey’s store opened in Boone 49 years ago. Casey’s maintains a very prominent loca­tion in the hometown of Super Nationals with a store that opened along Highway 30, just across the road from the Boone Speedway grounds.The Casey’s website is www.caseys.com. Information about new promotions is also on Face­book.“It is really something special for IMCA to be able to promote Casey’s General Store as a partner with the biggest events in all of dirt track racing,” said IMCA Marketing Director Kevin Yoder. “We are grateful for their tremendous support and are committed to making Casey’s the only food and fuel stop for IMCA racers.”last_img read more

Syracuse gets dominated down low in 72-58 loss to No. 18 Louisville

first_img Published on February 17, 2016 at 9:00 pm Contact Jesse: jcdoug01@syr.edu | @dougherty_jesse After Syracuse and Louisville played lackluster first halves, the Cardinals built a permanent lead around the basket. Then Syracuse went with its “small lineup,” with four guards around undersized center Tyler Lydon, and the Cardinals started burning the Orange from deep.Damion Lee hit three 3s on his own to help Louisville build a 49-40 lead with 11:50 left. After the third, he stood in front of the Cardinals bench with his follow-through straight up in the air. The defense that had been the backbone of SU’s five-game win streak, and 8-2 stretch since Syracuse head coach Jim Boeheim’s return from suspension, was ripping at the seams.In the second half alone, Louisville gathered eight offensive rebounds, scored 13 second-chance points and 34 points in the paint. Syracuse scored 31 total points in the second-half. Chinanu Onuaku — the younger brother of former Syracuse center Arinze Onuaku — was SU’s toughest matchup inside and finished with 13 points, 15 rebounds (seven of which were offensive) and four assists.With any chance of a comeback slipping through the Orange’s fingers, Onuaku caught the ball on the left block, backed down Lydon and deftly bounced a no-look pass behind his back for a Trey Lewis layup that bumped Louisville’s lead to 16 with 8:45 to go.“We forced them to take a little bit tougher shots in the first half and they missed that in-between shot,” Boeheim said. “… In the second half they really still missed it, but they got it back. That was probably the difference.” Facebook Twitter Google+ LOUISVILLE, Ky. — To put an exclamation point on its excavation of the Syracuse zone, Louisville staged a pseudo dunk contest as the game wound down.First, Trey Lewis dipped into the paint and lobbed an alley-oop that Jaylen Johnson threw down one-handed. A play later, Lewis stopped just inside halfcourt and tossed another lob that Donovan Mitchell met well above the rim and dunked even harder than Johnson.Mitchell’s finish stretched the No. 18 Cardinals’ (20-6, 9-4 Atlantic Coast) lead to 17 with just over four minutes left before the hosts coasted to a 72-58 win over the Orange (18-9, 8-6) at the KFC Yum! Center on Wednesday night. The dunks kept coming after the back-to-back alley-oops, and a team and crowd wounded by a self-imposed postseason ban announced earlier this month was offered a one-night relief from the bigger picture.The Cardinals came out slow, but seized a second-half lead by pounding the ball inside and crashing the offensive glass. Louisville finished with 50 points in the paint to the Orange’s 20, and its balanced attack was simply too much for the SU zone to handle for 40 minutes. The loss snaps a five-game win streak for Syracuse, and improves Louisville to 16-1 at home this season.“It was just a tough night overall, with everything,” SU forward Tyler Roberson said. “In the first half I think we played pretty well and the second half I think we just broke down, basically.”AdvertisementThis is placeholder textMORE COVERAGE:What we learned from Syracuse basketball’s 72-58 loss to No. 18 LouisvilleWatch Jim Boeheim’s press conference after Syracuse falls to No. 18 LouisvilleGallery: Check out the best photos from Syracuse-Louisvillecenter_img Luke Rafferty | Staff Photographer Last February, Syracuse had self-imposed a postseason ban and upset No. 12 Louisville at home. It stood as the Orange’s best win of the year but was really just another hollow result in a forfeited season. A means to an end. A marginal dent on Louisville’s Tournament resume that still allowed the Cardinals to finish one win shy of the Final Four.And now, 364 days later, the scripts are completely flipped and Louisville returned the favor.Then it was Syracuse’s Rakeem Christmas, whose senior season was dashed by a self-imposed ban, scoring 29 points to push Syracuse past the Cardinals. Now it was Damion Lee and Trey Lewis, the Louisville fifth-year seniors whose careers will be cut short, combining for 29 points while creating space in the middle of the Orange zone.This time, Louisville was the team playing for everything and nothing all at once, and SU learned how dangerous a combination that can be.“It was just a bunch of different things,” said Lydon of what did the Orange in. “Just not making the right rotations on defense, getting offensive rebounds, it was just a mixture of things.” Commentslast_img read more

Syracuse-Colgate football: A graphical breakdown of the Orange’s dominant win

first_imgSyracuse took down Colgate, 33-7, in Dino Babers’ first game as the Orange’s head coach. Quarterback Eric Dungey impressed with the best performance of his career. Here’s a graphical breakdown of how SU took down the Raiders. Facebook Twitter Google+ Comments AdvertisementThis is placeholder textcenter_img Published on September 2, 2016 at 11:03 pm Contact Clare: clramire@syr.edulast_img

Women’s Basketball: Minnesota, Ohio State continue slew of tough opponents for Badgers

first_imgFollowing a disappointing one-point loss at home to Nebraska, the Wisconsin women’s basketball team (11-11, 3-8 Big Ten) responded well in their two-game road trip. Women’s Basketball: Badgers collapse late, fall to Nebraska at homeSaturday’s contest between the University of Wisconsin-Madison women’s basketball team (10-10, 2-7 Big Ten) and the visiting Nebraska Cornhuskers proved Read…Though Wisconsin only split their two road games, they played well overall, defeating Illinois (10-11, 1-9) by a score of 73–64 and squaring toe-to-toe with No. 18 Indiana (18-5, 8-3). In fact, the Badgers held a solid lead throughout the majority of their contest before falling 75–65 in overtime. Freshman guard Sydney Hilliard was a big reason for Wisconsin’s success last week. Hilliard brought her play up a notch, averaging 15.5 points, 8.5 rebounds and 3.5 assists per game on 52% shooting from the field. For her performance, Hilliard was named the Big Ten’s co-freshman of the week. Hilliard scored a career-high 23 points last Thursday against Indiana. Hilliard and the Badgers will look to continue their stellar play this week with games against Minnesota (14-8, 4-7) and The Ohio State University (12-9, 5-5). The Badgers open the weekend with a significant home game Thursday night against Minnesota. After defeating the Gophers 72–62 in their Jan. 22nd matchup, the Badgers have the opportunity to sweep the Gophers for the first time since the 2011 to 2012 season. In fact, prior to their win over the Gophers earlier this season, the Badgers had not won a game against them since that 2011 to 2012 run. Women’s Basketball: Badgers need win in ‘prove it’ games with Big Ten schedule nearing closeTo say that the University of Wisconsin women’s basketball team (10-10, 2-7 Big Ten) has gotten off to a rocky Read…To end this drought, Wisconsin will need to neutralize freshman guard Jasmine Powell. Powell has been red-hot as of late, averaging 19 points per game over her last two games. Powell has been the catalyst in Minnesota’s two-game winning streak, tallying 3.5 assists per game to go along with her 19 points. Last week, Powell shared freshman of the week honors with Hilliard. After Thursday’s rivalry game, Wisconsin will travel to Columbus for a Sunday contest against Ohio State at the Value City Arena. It has been quite an inconsistent season for Kevin McGuff’s squad. The Buckeyes have one of the more head-scratching resumes in Women’s College Basketball. They captured wins against marquee opponents including No. 5 Louisville, Michigan and Nebraska. Yet, on the flip side, the Buckeyes lost games to Michigan State and Ohio University. Michigan State is near the bottom of the Big Ten standings and OU has only the third best record out of all MAC teams. Sunday’s game features a matchup of two of the Big Ten’s top sophomore forwards. Imani Lewis has been the heart and soul of Wisconsin’s team, averaging 15 points and 8.6 rebounds per game. With nine double-doubles on the season, teams have struggled to slow down Lewis’ productivity. Women’s Basketball: OT loss to No. 18 Indiana, victory over Illinois nets Badgers .500 record in road tripThe University of Wisconsin’s women’s basketball team (11-11, 3-8 Big Ten) rounded out the tough month of January with a Read…The Buckeyes look to neutralize Lewis with towering six-foot four-inch forward from Pécs, Hungary, Dorka Juhász. A 2018 to 2019 Second Team All-Big Ten nominee, Juhász has improved in her second year, posting 13.1 points and 8.7 rebounds per game. It’s fair to say that the battle down low between Lewis and Juhasz will have a major factor on the result of Sunday’s game. After Sunday’s contest against Ohio State, Wisconsin returns home to take on Purdue.last_img read more