Cuomo Touts Start-Up NY Plan on Long Island

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Gov. Andrew Cuomo came to SUNY Old Westbury on Friday to tout the Start-Up NY program that he hopes to jumpstart New York State’s economy with tax breaks for start-up and tech businesses on Long Island.The bill enacting the plan, which he signed into law on Monday, is designed to transform SUNY campuses and university communities across New York into tax-free communities for 10 years. Employees of businesses that open in these communities will also be exempt from paying income taxes, which is expected to create jobs and spur economic development in struggling areas across the state.“Hurricane Sandy has given us the opportunity to rebuild better than we have ever before,” Cuomo told an audience gathered at the college.“It has the potential to stimulate the new business industry and it has tremendous potential to help the state as well as businesses,” said Hubert Keen, president of Farmingdale State College.About 120 million square feet of land is eligible to qualify as a tax-free community, which is more commercial space than the cities of San Francisco and Philadelphia combined, Cuomo said.“We lose 75 percent of the new jobs we create within the first year,” Cuomo said. “We need to keep those jobs that we created.”Local business leaders supported the plan.“I think the governor’s Start-Up will be a very successful initiative,” said Kevin Law, president and Chief Executive Officer of Long Island Association, the region’s largest business group. “It will allow businesses to either startup or relocate without tax. This will encourage more businesses.”Cuomo noted that amid the current crisis of public corruption in the New York State Legislature, the Start-Up NY plan includes strong provisions to protect against fraud.“Let’s make people proud of the government once again,” Cuomo said.For more information, visit the Start-Up NY website.last_img read more

Kiara Lewis named College Sports Madness National Player of the Week

first_img Published on February 10, 2020 at 1:36 pm Contact David: [email protected] Comments Syracuse point guard Kiara Lewis was named the National and Atlantic Coast Conference Player of the Week by College Sports Madness on Monday, her second time receiving the award this season. Lewis averaged 23.5 points, 3.5 steals and three 3-pointers in two games last week — wins against Boston College on Thursday and No. 5 Louisville on Sunday.Following Lewis’ lowest-scoring game of the season (two points) in a loss to Virginia on Feb. 2, she powered Syracuse (12-11, 6-6 ACC) to an 89-79 at Boston College with 23 points and eight rebounds. On Sunday, Lewis was SU’s standout player in its potentially season-saving victory over No. 5 Louisville. The junior dropped 24 points and three 3s while helping keep Cardinals’ star guard Dana Evans to 4-for-17 shooting. The loss marked Louisville’s second in the conference and third all season.Lewis last won the award on Jan. 6 following consecutive overtime wins over then-No. 8 Florida State and Notre Dame at the Carrier Dome.The Chicago, Illinois native has been Syracuse’s driving force this season, leading the team in points (17.5), assists (five), steals (1.8) and minutes (37.1) per game. Lewis replaced Tiana Mangakahia as the Orange’s starting point guard after Mangakahia announced she would miss the 2019-20 season last summer as she continued to recover from breast cancer. AdvertisementThis is placeholder textcenter_img Facebook Twitter Google+last_img read more

Gardai call off search for missing man

first_imgGardai have confirmed they have called off the search for a missing man in the Killygordan area.It follows the discovery of a body this afternoon.Gardai had earlier issued an appeal for information on the whereabouts of a missing 25-year-old man. A spokesman for Donegal Gardai said “In relation to the missing person appeal made this morning, Gardaí no longer require the assistance of the public. Thank you all for any assistance given.”Deepest sympathies are expressed to the family of the man at this time.Gardai call off search for missing man was last modified: July 9th, 2019 by Staff WriterShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Generating higher prices in a low price market

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The groundhog saw it’s shadow last week and it reminded me of the movie Groundhog Day. Similar to the plot of the movie the corn market is repeating itself day after day, week after week and now month after month. No one knows when or what will cause the cycle will end.Beans, on the other hand, are primarily driven in the short-term by Argentina weather for the next few weeks. Generating higher prices in a low price marketFor over half a year the corn market has gone nowhere. Farmers don’t want to sell at low prices, and supply doesn’t warrant end users to pay up for corn. Consequently, prices are stuck at levels farmer dislike. Still, it’s essential for my farm operation to try and sell at higher levels. This has meant considering alternative solutions in my market strategy. And in the past year, I’ve had some success increasing profits by selling options, specifically calls and straddles. What does it mean to sell a call?This means I’m willing to sell to someone else the right to buy my grain at a specified value. On the day the option expires, if the market is above that value I have to sell my grain. If it’s lower, I don’t sell the grain. In both cases, I keep the premium of the sold call. What does it mean to sell a straddle?This means selling a call option and a put option at the same value (i.e. strike price). On the option’s expiration date the closer the current market price is to the strike price of the option, the more premium I will receive. The further away from the strike price value, the less value I will receive. While I think straddles provide a great hedging opportunity, there is some risk. If the strike price falls far enough, I may have to buy grain at a price above current market values.Often analysts dramatize the risk associated with selling options, probably because they look at it from a speculators point of view. I think this is unfortunate because farmers should be aware of all their choices and the consequences of any price direction. Admittedly selling options has some risk, but so does buying options. In my opinion buying options, and specifically corn options, can be far more risky for a farmer than selling those options that the analysts frequently recommend.I think it’s important to know all of your choices first and then making decisions that one feels comfortable with as the best way to develop a marketing strategy. Following provides another recent example of how selling a call and a straddle help to make my farm operation attain higher prices when prices are generally unprofitable.The following trades expired on 1/26/18. Following shows my rational for originally placing the trades and the final outcomes. Straddle tradeOn 11/16/17 when March corn was $3.49, I made the following trade on 10% of my ’17 production.Sold a February $3.55 straddle, where I sell both the $3.55 put and $3.55 call and collect just over a 17-cent premium.Trade expires1/26/18Potential benefit: If March futures close at $3.55 on 1/26/18, I keep all of the 17 cent premium.Potential concern: Reduced or no premium if the market moves significantly in either direction. For every penny lower than $3.55 I get less premium until $3.38. At $3.38 or lower and I will be losing money on this trade penny for penny. For every penny higher than $3.55 I get less premium until $3.72. At $3.72 or higher I have to make a corn sale at $3.55 against March futures, but I still get to keep the 17 cents so it’s like selling $3.72. Sold callOn 12/1/17 when March corn was near $3.59 I sold the following call:Sold a Feb $3.55 call for 10 cents that expires Jan. 26 on 10% of my ’17 production.If corn is trading below the strike price when this option expires I keep the 10-cent premium and add it to another trade later.If corn is trading above the strike price when this option expires I have to sell corn for the strike price PLUS I keep the premium, which means, I will have a price of $3.65 on the trade ($3.55 + 10 cents option premium). What happened?On 1/25/18, one day before both trades expired, corn was trading at $3.56, so I bought back both sides (both the puts and the calls) of the straddle for 3 cents. This means I made 14 cents in profit on this trade (17-cent sale – 3 cent buy back).On 1/26/18 corn was still trading at 3.56, so I let the call get exercised and turn into a short futures position of $3.55. Why let the call sale get exercised and not the call in the straddle?Sold Call: I could have bought back the call, but I’m behind in my ’17 sales and I expect the sideways market to continue. This trade ultimately was better than selling corn originally at $3.59 futures because I receive a sale for $3.55 but I have 10 cents of premium to add so it’s like selling $3.65. Now I’ll take the futures sale from this trade and roll it forward to July and pick up the market carry, which is around another 16 cents of profit. I have yet to actually roll this trade forward so I do have some spread risk. Sold Straddle: I didn’t intend to sell or buy back any grain on the straddle trade when I placed it. While I was OK if either scenario happened, they were just the worst case scenarios. My goal for the straddle was to make as much premium as possible and then add it to a future trade, increasing my sale price levels. I’m very pleased with the outcome of this trade.I can actually add the straddle premium to my sold call and new futures sale. Following provides the theoretical final value of this trade which represents 10% of my ’17 production: $3.55 Futures Sale+ .10 Call Premium+ .14 Straddle Premium$3.79 Against March Futures+ .16 Market Carry Potential$3.95 Potential Final futures Price This trade takes me from around 15% sold on my ’17 crop to nearly 25%. My average sale price is still unknown because of the many options positions open for the ’17 crop.By selling options I’m able to manufacture corn prices at levels that are much closer to profitable levels, which is mandatory for my farm operation’s future success. While some farmers prefer to wait and hope for prices to go back up in the futures, I’m using the relative “consistency” of the current sideways market to make added profit in the meantime. I’m hoping prices go up too, but what if they don’t? Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at [email protected]last_img read more

Martina McBride Bands Against Cancer

first_imgAward-winning country superstar Martina McBride has released her 13th studio album, RECKLESS, and also teamed up with Band Against Cancer, the Sarah Cannon Tour.The organization aims to bring awareness to ways that communities can get involved in cancer research from supporting local non-profits to educating people about new research and treatments. Band Against Cancer will be doing 5 special concerts this year (3 in Texas, 1 in Denver, 1 in Nashville) all to raise awareness and funds to support Leukemia & Lymphoma Society and Be The Match. Click here for more info.“Helping families who are facing cancer has always been a cause that is near and dear to my heart,” said Martina McBride. “I’m honored to be the voice that connects these individuals and their families with a fully committed team of cancer experts. Together with Sarah Cannon, this means each person can fight cancer where they get their greatest strength, in their own communities, with their own band of support.”As the flagship artist for Band Against Cancer, Martina McBride has used her voice to engage with her fans to help make the world a better place – out on tour and in their own hometowns. Team Martina, a collective of fans who stand with the iconic singer, give back to communities nationwide and will join the 2016 initiatives to Band Against Cancer. One of the most celebrated voices across genres, Martina is a four-time CMA Awards Female Vocalist of the Year whose hits chronicle more than two decades. Most recently, Martina’s Grammy nominated hit “I’m Gonna Love You Through It,” inspired many young fans to cover her song through social media to support loved ones battling cancer, and was featured on several national broadcasts including The Ellen DeGeneres Show and The View. That anthem also was highlighted through the Eleven Across American Amtrak train tour, which ran coast to coast in 2011 to breast cancer awareness, and propelled Pandora to spotlight the superstar in an October concert event benefiting breast cancer causes.“We have learned that when we bring cause and music together we are able to cut through the media noise and bring very important messages to a greater number of people,” said Scott Borchetta, President/CEO of Big Machine Label Group. “The sum is so much greater than the parts and it is defined in our new relationship with Sarah Cannon. The initial focus of our relationship is attacking blood cancer and we are honored to join them in spreading the message and reaching the greatest number of people possible with Martina McBride and other great BMLG artists and their music.”Recorded at Nashville’s iconic Blackbird Studios, RECKLESS, showcases McBride’s unparalleled vocals and emotional depth as she gets back to her country roots. The songs have an outstanding mix of classic country and a contemporary edge with producers Nathan Chapman and Dann Huff at the helm.
”This album feels so good! That’s the best way I can describe it. I spent a lot of time finding songs that felt personal to me. I figure if I can relate to them someone else will too. There are songs about love, life, hope, loss, leaving, and coming home,” states Martina. “And that’s what making this album felt like to me….coming home. We took our time and just let the songs and production develop and even though working with Dann and Nathan together was a new experience, somehow we captured a sound that feels like the music I’ve done my whole career and yet fresh at the same time,” elaborates Martina.last_img read more

Commentary A gift wrapped pass to the NFL for Terrelle Pryor

Ohio State has gift wrapped Terrelle Pryor’s going-away present in the form of a punishment. In the last couple of days Pryor’s journey to the NFL has hit a couple of speed bumps, with his eligibility to a supplemental draft coming into question. The letter of the rule states that a player may only enter a supplemental draft if their situation changes and they are not able to participate in the next season. Technically, between the deadline to declare for the draft in January and when Pryor left the university on June 8, his situation had not changed. Technically. When the draft deadline came, Pryor was suspended for the first five games of the 2011 season. At that time the “tat-5” scandal seemed to be under control. Everything was (relatively) normal. The Buckeyes had won the Sugar Bowl The Sugar Bowl was sucked into the black hole of the sporting world. And compliance problems with head coach Jim Tressel were non-existent. Pryor had a contract with the coach to remain on the Buckeye squad for the 2011 season in exchange to play in the Sugar Bowl for nothing. While inevitably Pryor still had his doubts about the season, he still had Tressel to fall back on. One thing that is clearly evident from the transcript of Tressel’s interview from the NCAA, it’s that Pryor and Tressel were very close. Pryor depended on the coach for more than just football related issues. When all hell broke loose on March 8, Tressel received a two-game suspension from the university. A suspension that a short time later was increased to a five-game suspension. After more and more of the scandal developed, it became clear that the season was not going to be what everyone had thought it was going to be. Then on May 30, Tressel resigned (read: retired) from the university. I think it’s safe to say Pryor’s situation had changed. Seemingly following Tressel step for step, Pryor was gone a week later to pursue an NFL career. He had planned to enter a supplemental draft. The rules for a supplemental draft changed after Cleveland Browns quarterback Bernie Kosar used the supplemental draft to avoid being drafted by the Minnesota Vikings. He was drafted by Cleveland in the supplemental, and since then, the rules for supplemental draft eligibility have tightened. The rule lists three reasons to let someone enter a supplemental draft: flunking out of school, graduating and deciding to leave and being kicked off the team. As of earlier today, Pryor did not meet any of these requirements, technically. Cleverly disguised as a punishment, the university did the best thing for Pryor to help him pursue his NFL dream. They sent him a letter on Tuesday banning him from all athletic facilities for five years, and declared him ineligible from intercollegiate play. The letter states that this decision was made due to his decision not to talk to NCAA investigators. “The University must declare you ineligible for intercollegiate competition,” the letter continued. “Due to your failure to cooperate, the University must also disassociate you from its athletic program for a period of five (5) years.” Sure, he won’t be able to come back to Columbus to workout at OSU’s gym in the off-season. But let’s be honest, why would Pryor ever come back to Columbus? Whether they will admit it or not, the university might as well have put a bow on that letter to Pryor, as that should be the last step for Pryor to get into the NFL. Thanks to OSU, expect Pryor to be eligible for a supplemental draft (whenever that may be). read more

Football Damon Webb signs as undrafted free agent with Tennessee Titans

Ohio State senior safety Damon Webb (7) prepares to defend an Illinois offensive play in the second half in the game against Illinois on Nov. 18. Ohio State won 52-14. Credit: Jack Westerheide | Photo EditorFormer Ohio State safety Damon Webb has signed with the Tennessee Titans as an undrafted free agent, according to a tweet from Ohio State. Webb will join former Ohio State cornerbacks coach Kerry Coombs in Tennessee along with first-year head coach and former Ohio State defensive line and linebackers coach Mike Vrabel. Free Agent Alert: @DameWebb @Titans #GoBucks #DevelopedHere #TitanUp— Ohio State Football (@OhioStateFB) April 28, 2018Playing in 16 games combined in 2014 and 2015, Webb became a starter in 2016; playing alongside former Ohio State safety and future first round draft pick Malik Hooker. During his junior season, Webb had 57 tackles, two tackles for loss and an interception, earning an honorable mention for All-Big Ten.With the loss of Hooker, Webb became the only remaining starter on Ohio State’s secondary moving into the 2017 season. He ended the season with 61 tackles, leading the team with five interceptions and earning third-team All-Big Ten honors.Before ending his collegiate career, Webb helped Ohio State win the Cotton Bowl over USC, recovering a fumble to set up a score and returning an interception for a touchdown, earning him the defensive Most Valuable Player award for the bowl game.At the 2018 NFL Combine, Webb ran a 4.62 40-yard dash and tied for eighth among safeties with 17 bench press reps. read more

Cabinet approves Budget changes and nearly 1m for hurricane rebuilding money

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items: Facebook Twitter Google+LinkedInPinterestWhatsApp#TurksandCaicos, December 20, 2017 – Providenciales – Cabinet yesterday approved, among other things nearly $1m for hurricane reconstruction work in the country by TCIG.   The supplementary appropriation bill was also accepted by Cabinet leader, the Governor during meeting this week and will now head to the Secretary of State in the UK and then to the House of Assembly in the Turks and Caicos for approvals.Media was on Tuesday evening told by the PNP House of Assembly Members that the Budget Supplementary, which frees up monies for the rebuilding in the aftermath of Hurricane Irma, will not be tabled now until the New Year.#MagneticMediaNews#BudgetchangesapprovedbyCabinetlast_img read more

Guj HC Bench recuses from petition against Reliance SEZ

first_imghmedabad: A division Bench of the Gujarat High Court, headed by acting Chief Justice VM Sahai, has recused itself from hearing a petition against acquisition of land for a special economic zone (SEZ) in five villages in Jamnagar district for Reliance Project Engineering Associates. “List these matters before a Bench, of which both of us are not members after obtaining nomination from the Honourable acting Chief Justice on the administrative side,” the Bench of Justices Sahai and RP Dholaria  Also Read – Need to understand why law graduate’s natural choice is not legal profession: CJIhad said on June 22.Before passing the order, Justice Sahai said: “We can’t take up the case….whatever has happened in the last two-three days has shaken our confidence.” However, he did not elaborate further on the reasons. Local villagers, who have moved the HC, have alleged that land acquisition rules were violated while granting land to the Reliance group.According to the petition, on November 21, 2005, the Union government sanctioned SEZ for petroleum and petro products for Reliance Project Engineering Associates by “violating” all the norms under SEZ Act. Subsequently, 4,494 hectares of land in Navagam, Kanalus, Kanachhikari, Padana and Derachhikari were acquired by Reliance Industries Ltd in 2008, it says.last_img read more