New resource to protect public assets

first_imgThe line of mountains that etches across the sky in northern Vermont forms some of the most iconic images of our state. Mount Mansfield is part of the Vermont crest and Camel’s Hump is featured on our state quarter. These mountains are more than a scenic backdrop. They are key to the character of Vermont and a mainstay for tourism, one of our largest industries. But what happens when buildings go up along scenic roadways that obscure these views for the general public? What can we do to protect these assets? Views to the Mountain: A Scenic Resource Manual, just published for the towns of Essex and Jericho by Smart Growth Vermont, details a scenic assessment process and provides solutions towns can adopt.The towns of Essex and Jericho joined forces to address these issues by performing a comprehensive scenic assessment of their roads. The Chittenden County Metropolitan Planning Organization and the Chittenden County Regional Planning Commission assisted with mapping and data analysis. Based on the information they gained, and recommendations for bylaw language and scenic overlay districts provided by Smart Growth Vermont, the towns have put the platform in place to protect their scenic views for future generations.‘This is groundbreaking work for the protection of scenic viewsheds in Essex and Jericho,’ said Essex Community Development Director Dana Farley. ‘The views to Mount Mansfield are emphasized in both towns, but the data collection and photo-inventory captured many features typical to roadside scenery across Vermont. The manual can be model for all our communities.’ The assessment, bylaw language and solutions for everything from parking to recommended siding and roof colors have been pulled together into which can be downloaded from the Smart Growth Vermont website.Smart Growth Vermont is a statewide nonprofit organization dedicated to forging growth and conservation solutions for Vermont communities and working rural lands. We work both on-the-ground in communities and at the state level to help develop and implement land use legislation designed to foster growth that works to strengthen our downtowns and village centers while conserving our working landscape and open areas. For more information, please visit Smart Growth Vermont’s website at www.smartgrowthvermont.org(link is external).###last_img read more

Banks Wary of Investing in U.S. Coal

first_imgBanks Wary of Investing in U.S. Coal FacebookTwitterLinkedInEmailPrint分享Taylor Kuykendall for SNL:Just as investors are shying away from the risks of the coal market, banks have been selective about who they lend money to in the coal space, a panel of investors said at the recent 24th Annual Coal Properties and Investment Conference hosted by Platts. In addition to tightened environmental regulations and a shale gas revolution that has crippled coal’s competitiveness in the U.S., many large coal firms are also hobbled with large debt loads from purchasing expensive metallurgical coal properties before demand shriveled in that market.“They really ignored valuation metrics during this process,” said Raymond McCormick, a managing director of Headwaters MB. “They really put on an immense amount of debt, right at the highest prices of the marketplace.”Though it is not quite so gloomy for coal in other countries, McCormick said, in the U.S. “there’s essentially little to no access to capital markets” for coal companies. The trend may be showing up in a deal between Peabody Energy Corp. and Bowie Resource Partners LP. Though an agreement to sell assets to Bowie was reached, there have been rumors Bowie was not able to secure financing and may be backing out of the deal. Peabody has suggested failureto execute the deal could trigger default.If Peabody were forced to seek bankruptcy protection, it would be the largest of the coal giants to do so in recent months. Alpha Natural Resources Inc. filed bankruptcy in 2015 and Arch Coal Inc. filed early in 2016.“Most coal companies are not generating cash these days,” McCormick said. “They’re looking to manage capital and reduce capital expenditures.”Jerrod Freund, a managing director with Deutsche Bank, said the primary thing investors are looking for is where exactly a coal asset sits on the cost curve and how sustainable that structure may be. Access to capital in the future, he said, will depend on the evolution of the coal market, something difficult to predict.“Ten quarters ago, we thought this downturn was going to last a quarter or two,” Freund said. “It just got significantly worse than anyone expected it to. Who knows how long it will bump along the bottom before there’s material uptick?”As a result, investors that do want to get involved with the coal industry are doing so after extensive research.“Equity investors that are looking at coal are looking at contracts and saying am I going to get my money back? Almost like a debt investor,” Freund said. “It’s the first time I’ve seen such a conversion of how diligence is performed and how they are viewing investment. You’ve just seen a bloodbath of billions and billions of equity and debt.”McCormick said the average investor is looking at coal companies at a granular level, going mine by mine and closely examining the company’s customers before jumping into coal investments. The panel also discussed that, in some cases, investors want to know all about the company — even down to conditions included in coal leases and utility contracts — before they will put any money into the sector.Full article: Investors examine capital options in wake of coal’s equity, debt ‘bloodbath’last_img read more

League collaboration picks up speed

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr This year, six state credit union leagues formed new partnerships, launching a new chapter of industry collaboration, competition and survival.Last week, the CEOs of the League of Southeastern Credit Unions and the New York Credit Union Association signed a letter of intent that they say will create the nation’s largest league collaboration project. And in January, the Ontario, Calif.-based Plexcity, a collaborative organization formed by the California, Nevada, New Jersey, Maryland and District of Columbia state associations, launched its operations. continue reading »last_img read more

Credit union perspective part of CFPB arbitration field hearing

first_img 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The credit union perspective will be a part of Thursday’s Consumer Financial Protection Bureau (CFPB) field hearing on arbitration. Kevin Hammar of Aldridge, Hammar, Wexler & Bradley, P.A. will be testifying on behalf of the Nevada Credit Union League.The hearing, which is scheduled to begin at 1 p.m. (ET) in Albuquerque, N.M., will also feature remarks from CFPB Director Richard Cordray and Associate Director for External Affairs Zixta Martinez.Hammar will be on a panel with Paul Bland of Public Justice; Deepak Gupta of Gupta Wessler PLLC; Christine Hines of National Association of Consumer Advocates; Alan Kaplinsky of Ballard Spahr LLC; and Travis Norton of the U.S. Chamber of Commerce.CUNA previously had a representative at an October field hearing on arbitration in Colorado. During that meeting, John Rudy, senior vice president/chief lending officer at Bellco CU, Greenwood Village, Colo., explained the nature of credit union-member relationships. continue reading »last_img read more

STABLE NOTES BY ED GOLDEN – FRIDAY APRIL 3, 2015

first_imgRichard Mandella6113101121%$755,946 Mario Gutierrez10591599%$474,512 Elvis Trujillo21424302111%$1,414,490 Hector Palma3275222%$187,240 Felipe Valdez8412121314%$383,041 Mike Smith10421211520%$2,320,631 Steven Miyadi4195422%$261,780 Jerry Hollendorfer15729202418%$3,215,322 -30- Steve Knapp3772319%$281,140 Ron Ellis60134922%$464,540 SANTA ANITA STATISTICS BOLO ON SCHEDULE FOR SANTA ANITA DERBYBack on a regular training schedule after a helter skelter regimen dictated by inclement weather prior to the San Felipe Stakes on March 7 in which he finished an encouraging third behind unbeaten winner Dortmund, Bolo is coming up to Saturday’s Grade I, $1 million Santa Anita Derby and a rematch with Dortmund in fine fettle.“He’s back on his regular training program and it looks like there’s a lot of pace,” said Carla Gaines, who trains the Kentucky-bred son of Temple City for Golden Pegasus Racing, Inc., and Earle I. Mack.“On paper, the race looks good for a horse with his style. He’s got tactical speed and he’s very ratable. He’ll pretty much sit wherever you want him to in the race, so that’s good.”The field for the 78th Santa Anita Derby: Dortmund, Martin Garcia, 3-5; One Lucky Dane, Rafael Bejarano, 5-1; Cross the Line, Juan Hernandez, 15-1; Bolo, Mike Smith, 4-1; Prospect Park, Kent Desormeaux, 7-2; and Bad Read Sanchez, Mario Gutierrez, 30-1.In other Santa Anita Derby news:Dennis O’Neill and brother Doug, trainer of outsider Bad Read Sanchez, who has not raced in eight months: “Obviously,” said Dennis, “the idea is to have him hit the board. It’s a very, very tough race, but the horse is doing really good, he’s training great, he’s finally healthy, and we did it a couple years ago.“We were 43-1 when I’ll Have Another won the Lewis in 2012 and we’re hoping we’re 40 or 50 to one tomorrow and shock the world.”Added Doug: “We were doing the math. He’s just short of 12 miles in works the last few months, so he’s got a lot of foundation underneath him. He’s going to be fresh, of course, but not overly hot. If he’s going to have any chance to go a mile and an eighth against these kinds of horses, he’s got to relax early.”Dan Ward, assistant to trainer Jerry Hollendorfer on California Derby winner Cross the Line, 15-1 on Jon White’s morning line:“He’s coming up to a peak race and we’ll have no excuses. He’s looked good going over the track; it looks like he likes it. He’s been schooled in the gate, schooled in the paddock. This is a big test, but he’s prepared. We’ll find out a lot Saturday.”Bob Baffert will be seeking to add to his Santa Anita Derby record of six wins, having captured it previously with Cavonnier (1996), Indian Charlie (1998), General Challenge (1999), Point Given (2001), Pioneerof the Nile (2009) and Midnight Interlude (2011).The first 15,000 THOROUGHBREDS members in attendance at Santa Anita Saturday will be offered free an exclusive 2015 Santa Anita Derby Day T-shirt while supplies last. First post time for the 11-race program is 12 noon. Gates open at 10 a.m.Santa Anita offers a $750,000 guaranteed Late Pick 4 pool and a $300,000 guaranteed Pick 6 pool on Santa Anita Derby Day. Victor Espinoza16831332418%$2,035,826 Fernando Perez1881624219%$787,678 Drayden Van Dyke20123252411%$1,434,597 Joseph Talamo23924274110%$1,688,978 Jeff Bonde3592426%$342,840 Thomas Proctor5086316%$563,628 Tyler Baze29639373313%$2,283,534 FINISH LINES: Agent Tony Matos reports that Corey Nakatani visited with Dr. James Tibone yesterday and got word that he could resume riding in two weeks. Nominated to the Hall of Fame this year, the 44-year-old Nakatani suffered a broken left collarbone in a riding mishap March 15 . . . Sunland Derby winner Firing Line worked four furlongs under Gary Stevens in 48 seconds flat as the son of Line of David owned by Arnold Zetcher prepares for the Kentucky Derby on May 2. “He went on the steady side and really relaxed, which is good,” trainer Simon Callaghan said. “I think we’ll probably do our last work here and then ship him (to Churchill Downs).” . . . As stated yesterday, Millie Ball has joined Santa Anita’s simulcast broadcast team and will be sharing her insights throughout the current meet along with Michelle Yu and Jon White . . . Omar Figueroa is the 6-1 favorite among jockeys to capture their division of tomorrow’s Santa Anita Derby Day 5K run. Jesus Camacho (9-5 against men) and Jennifer Cirillo (3-1 vs. women) are the picks among employees. Martin Garcia13026161620%$1,856,310 Martin Pedroza16716252210%$720,234 Richard Baltas781613721%$676,035 NO DEFECTION FOR HAVANNA BELLE IN PROVIDENCIA            Havanna Belle is ready for her close up in Saturday’s Grade III, $100,000 Providencia Stakes for 3-year-old fillies at 1 1/8 miles on turf.An Irish-bred daughter of Teofilo trained by Phil D’Amato for owner Michael House, Havanna Belle finished sixth in her U.S. debut in the restricted Sweet Life Stakes on Feb. 14, but was beaten less than four lengths despite hopping at the start of the race at about 6 ½ furlongs on turf. It was her first start in nearly four months.The nine furlongs of the Providencia should be well within her comfort zone. “She needed her last race,” D’Amato said. “She’s just crying to go longer. I think this is more her trip. Rafael (Bejarano) breezed her on the grass last time and loved her.“She should be fit and ready to run a much better race this time.”The field for the Providencia: Lutine Belle, Alex Solis, 12-1; Ol’ Fashion Gal, 12-1; Miss Boom Boom, Kent Desormeaux, 12-1; Entrechat, Flavien Prat, 4-1; Jaded Glory, Drayden Van Dyke, 20-1; Spanish Queen, Brice Blanc, 6-1; Frosty Friday, Mike Smith, 6-1; Prize Exhibit, Victor Espinoza, 7-2; Havanna Belle, Rafael Bejarano, 12-1; Spirit of Xian, Joe Talamo, 6-1; Lady Zuzu, Tyler Baze, 6-1; and Sister of Mercy, Fernando Perez, 30-1.Show Stealer was scratched. Corey Nakatani11419111617%$933,348 Gary Stevens9717141818%$1,534,578 Edwin Maldonado11715111413%$528,154center_img Tiago Pereira1201691513%$490,982 Michael Pender4978614%$202,620 A. C. Avila2572328%$208,298 Eddie Truman2071235%$278,590 Mark Casse57106818%$797,378 VEHICULAR TRAFFIC REROUTED ON DERBY DAYThose wishing to spend the morning at Santa Anita’s Clockers’ Corner on Santa Anita Derby Day Saturday are advised that Baldwin Ave. will be closed to vehicular traffic between the 210 Freeway and Huntington Drive from 7:30 a.m. until 9:30 a.m. in order to accommodate foot traffic related to Santa Anita’s annual Derby Day 5K Run and Walk.Accordingly, Santa Anita’s Gate 8, which adjoins the Westfield Shopping Mall on Baldwin Ave., and Gate 7, at the track’s northwest end, will also be closed to vehicles during the same time frame.Those wishing to visit Clockers’ Corner Derby Day morning will be able to enter the track on Santa Anita’s northeast perimeter, through Gate 5, or on the track’s southern perimeter, through Gate 3.  Gates 3 & 5 will be open for easy access to Clockers’ Corner beginning at 5 a.m. and will remain open throughout the day.  Santa Anita’s main track will be closed for training at 7:30 a.m.Gate 3 is located at the intersection of Holly Ave. and Huntington Drive. Gate 5 is located at the confluence of Colorado Place and Huntington Drive.For additional information on the Santa Anita Derby and on the Derby Day 5K Run and Walk, fans are encouraged to visit santaanita.com/events, or call (626) 574-RACE. MACHOWSKY EYES DOUBLE IN EVENING JEWEL            Mike Machowsky is looking for a repeat victory in Saturday’s $200,000 Evening Jewel Stakes for 3-year-old fillies bred or sired in California.The 49-year-old trainer sent out Rovenna to win the race last year and has the speedy Bad Ju Ju set go in the 6 ½ furlong sprint on Saturday.“We’ve had this race picked out for her the last few months,” Machowsky said. “She doesn’t have to be on the lead. She’s trained off horses in the mornings, and she’s a pretty talented little filly.”Bad Ju Ju is a daughter of Desert Code owned and bred by Machowsky’s Lo Hi Racing Stable and Dick Barton. She was off slow from the rail in her debut in which she finished fifth last Nov. 7 at Del Mar, but won her next two starts on the front end under Kayla Star, who rides in the Evening Jewel.The field for the Evening Jewel: Long Hot Summer, Joe Talamo, 7-2; Niassa, Martin Garcia, 8-1; Desert Thief, Agapito Delgadillo, 12-1; Ashley’s Sassy, Mike Smith, 8-1; Bad Ju Ju, Kayla Star, 4-1; Can Can Babe, Elvis Trujillo, 20-1; Tribal Express, Alonso Quinonez, 50-1; Alwazabridesmaid, Drayden Van Dyke, 12-1; Sheer Pleasure, Tyler Baze, 5-1; Jenna’s Faith, Rafael Bejarano, 8-1; Grand Yodeler, Kent Desormeaux, 12-1; Princess Bertrando, Edwin Maldonado, 12-1; and Easter Fever, Victor Espinoza, 8-1. Flavien Prat13715161711%$794,124 Santiago Gonzalez13017152013%$749,934 Philip D’Amato7016121123%$725,650 Peter Eurton8315131418%$856,006 Mark Glatt7914151218%$606,382 JockeyMts1st2nd3rdWin%Money Won Rafael Bejarano26165363525%$2,960,866 ULTRA SOUND TOMORROW FOR JUVENILE WINNER TEXAS REDBreeders’ Cup Juvenile winner Texas Red and his trainer and part owner Keith Desormeaux will be on the outside looking in at Saturday’s Santa Anita Derby, a race Desormeaux had resolutely on his radar screen until abscess issues with the colt’s right front foot ended those plans.“I would have liked to been part of the Santa Anita Derby festivities but the horse is still here at Santa Anita and his status hasn’t changed much,” said Desormeaux, who has handled the disappointment of missing the Triple Crown candidly and forthrightly.“He’ll have a thorough examination and then we’ll decide if we’re going to send him off to the farm again, but I don’t think that’s going to happen.“He’s doing great, his legs look great. We’re going to do an ultra sound tomorrow to make sure things are progressing nicely, and as long as they are, he’s going to remain here. If the doc thinks the horse might benefit more by going to the farm, then we’ll do that, but in my estimation, he’ll be staying here.”NEWCOMER STELLAR WIND FAVORED IN SANTA ANITA OAKSIn only her second start for John Sadler since a recent private purchase by Hronis Racing LLC, Stellar Wind seeks Grade I status when she runs in Saturday’s $400,000 Santa Anita Oaks at 1 1/16 miles.“She’s doing well,” Sadler said of the daughter of two-time Horse of the Year Curlin. “She’s trained steadily and everything’s gone perfect. This is a step up in class but we’re looking forward to it. She’s doing great.”            The field for the Santa Anita Oaks: Light the City, Kent Desormeaux, 5-1; Glory, Rafael Bejarano, 8-1; Curlin’s Fox, Mike Smith, 4-1; Singing Kitty, Aaron Gryder, 12-1; Luminance, Martin Garcia, 5-2; Stellar Wind, Victor Espinoza, 9-5; and Wild At Heart, Flavien Prat, 8-1.She’s a Big Winner was scratched. Mike Puype100915139%$463,286 James Cassidy68981213%$382,890 Bob Baffert9723161324%$1,894,852 BOLO SHOULD FANCY PACE IN SANTA ANITA DERBYDESORMEAUX OUTSIDE LOOKING IN WITH TEXAS REDSTELLAR WIND CHOICE IN GRADE I SANTA ANITA OAKSSPEEDY BAD JU JU SET FOR EVENING JEWEL STAKESHAVANNA BELLE READY FOR BEST IN PROVIDENCIA Kent Desormeaux19033332317%$1,914,290 Doug O’Neill16422162313%$1,018,420 Brice Blanc5572413%$299,930 TrainerSts1st2nd3rdWin%Money Won (Current Through Thursday, April 2) Peter Miller14627271618%$1,352,936 John Sadler12717181713%$1,056,534last_img read more