On the Blogs: A ‘Wink and a Nod’ in Regulatory Allowance That Saw Coal as Too Big to Fail

first_imgOn the Blogs: A ‘Wink and a Nod’ in Regulatory Allowance That Saw Coal as Too Big to Fail FacebookTwitterLinkedInEmailPrint分享Patrick McGinley for TheConversation.com:A self-bonding corporation’s promise to reclaim is little more than an IOU backed by company assets.Companies reorganizing under federal bankruptcy laws will continue to mine and market coal, hoping to shed mountains of debt and eventually emerge from bankruptcy. It remains to be seen whether they will be able to obtain conventional surety bonds after they reorganize, or whether bankruptcy courts will direct the companies to use their remaining assets to partially fulfill their self-bonding obligations.One thing is clear, however. Against the backdrop of a century of coal company bankruptcies and attendant environmental damage, regulators ignored a looming coal market collapse with a wink and a nod. Properly administered, SMCRA’s reclamation bonding requirements should have required secure financial guarantees collectible upon bankruptcy.Unfortunately, coal regulators viewed America’s leading coal companies like Wall Street’s mismanaged banks – too big to fail. As a result, American taxpayers may have to pick up an enormous reclamation tab for coal producers.Full item: Will taxpayers foot the cleanup bill for bankrupt coal companies?last_img read more

Defender passed fit for Arsenal clash

first_imgClint Hill has recovered from a back problem and is available to start QPR’s home clash with Arsenal, manager Mark Hughes has confirmed.Hill has sat out Rangers’ last two matches but earlier this week declared himself fit for Saturday’s game.And Hughes today confirmed that the defender has stepped up his training and could start this weekend.AdChoices广告The R’s boss is also hopeful that forwards Heidar Helguson and DJ Campbell will be ready to return for next Sunday’s game against Manchester United.Helguson has been out with a groin problem and Campbell a hamstring injury, but both have resumed full training.Their return would be a timely boost for Rangers given that Djibril Cisse is suspended following his sending-off against Sunderland.Click here for the QPR v Arsenal quizFollow West London Sport on TwitterFind us on Facebooklast_img read more

Professor Tarpeh’s Claim for Resigning: A Facetious Fallacy

first_imgIt was shocking for me at the beginning of this month to hear that Professor Wilson Tarpeh, who has spent decades at the University of Liberia as Vice President for Fiscal Affairs, was resigning instead of honorably retiring to have claims to his benefits. As a student of UL, I was wondering when Professor Tarpeh would retire having been for decades entrenched in such an unshakable status that no UL President would temper.Surprisingly at the beginning of March 2015, the Professor announced his resignation, which he tendered on February 25, 2015, claiming that he was resigning because President Ellen Johnson Sirleaf was withholding funds that should come to the university due to his association with the Congress for Democratic Change (CDC).The eloquent professor went on to note that his role as a campaign manager for the popular George Weah in the 2014 special senatorial elections is the key reason the Liberian President is allegedly withholding funds from coming to the university.On the basis of this claim, he resigned, issuing these parting words: “For my sake thousands of Liberians will not be denied education.”Government spokesperson Isaac Jackson officially defended the President, albeit in rather ambiguous terms. He said, “Professor Wilson Tarpeh has a different reason for resigning and using President Sirleaf as a scapegoat.” Let me also share some facts that lead me to differ with the professor whose claims I consider to be a facetious fallacy.Firstly, we must understand that Madame Ellen Johnson Sirleaf is in the home stretch of her second and final term as President of Liberia.  Unlike the first term when she set the impression to woo all of us for reelection, she has nothing to lose now, but to peacefully do and get all she can to leave Liberia in a condition indicative of the legacy she hopes to leave.  Therefore, Tarpeh’s claim that his association with CDC is the reason for which Madam Sirleaf may withhold funds to UL is highly unbelievable.Secondly, all Liberians in this country know that George Weah did not need Prof. Tarpeh in order to secure an election to the Senate.  Weah’s popularity in Monrovia and Grand Gedeh is such that, even without a campaign manager, he could have still won a landslide victory in Montserrado as a Senator. In fact, it may well be that Tarpeh is the one in need of an alignment with CDC to secure future political position.  As was evidently seen in 2009, he and others contested against Geraldine Doe-Sheriff in a senatorial by-election in Montserrado, and she massively defeated them without mercy.  Doe-Sheriff at the time had the advantage of her alignment with CDC and primarily George Weah’s presence.  So, when Weah announced his decision to run for the hotly contested Montserrado seat in the Senate last year, his victory was a foregone conclusion. The CDC is composed of two main groups of characters: There are those who consider themselves the “downtrodden masses” who regard Weah as the epitome of their own aspirations.  They have shown their passionate devotion to him in three consecutive elections, the last of which he finally won.  Then there are also the few deceptive intellectuals who use the party and its voting masses to ascend to positions of power and influence.  Sadly, after achieving their aims, they brush off masses as “asses”.  I hope Professor Tarpeh is not one of the deceptive intellectuals waiting on CDC for 2017.Lastly, I will agree with Minister Isaac Jackson in principle that there may be a “different reason” for Professor Tarpeh’s resignation and apparent use of political cosmetics to divert attention.  Yes!  UL is currently broke and over 30,000 students are waiting on government to make available funds so the university can reopen.  I do not know whether the university would have been in such a state if Ebola had not interrupted the academic schedule.  While I may be in agreement with Prof. Tarpeh that the Government of Liberia is withholding funds, I strongly believe that it would be based on the matter of accountability if it has anything to do with him. To retrospect, former Vice President for Academic Affairs & Provost, Dr. Weade Elliot-Brownell, stated at a press conference in December 2013 that some people in top positions at the university incited students against her to be removed because she stood against financial and academic malpractices.  She promised that she would bring out names when the proper time comes.  Also, at her confirmation hearing a few months back, Dr. Brownell repeated that people went against her at the university because she stood against financial malpractices carried out by some top staffers.  It was surprising to note in November of 2013 during one of UL students’ unfounded and senseless demonstrations that the so-called student leadership was calling for Dr. Brownell’s expulsion because she was interfering with Fiscal Affairs.  Up to now, no one knows who gave the student body information about what was unfolding in administration for which they should issue such a statement.  Dr. Emmet A. Dennis, President of the University of Liberia is mentioned in one of Daily Observer’s editorials to have said that UL has a cartel that no one can easily break through.  If Tarpeh’s claim is true, then, it is not difficult to presume that these could be some of the very reasons for which President Sirleaf may be withholding funds from the university.A note to Prof. Tarpeh: To do yourself justice and the Liberian students for whom you are offering your lucrative and prestigious position as a living sacrifice, can you call on President Sirleaf to allow Dr. Brownell to name those whom she talked about?  Can you also call on the General Auditing Commission (GAC) to audit you before turning the office over to your successor? Without meeting these conditions, you will be leaving doubts in minds, and your stated reason for resigning will always be fictitious.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

West Nile warnings to go up by river

first_imgOne out of 150 people who are bitten by an infected mosquito get severely ill, the vector control district said. People who catch the virus either do not become sick or experience mild symptoms, including fever, headache, nausea and body aches, though it could be fatal for people with weak immune systems, such as the elderly. Heintz said the virus first appeared in Los Angeles County in 2003 and had a banner year in 2004 with 331 human cases and 14 deaths. Last year, the county saw 47 cases and no deaths. “West Nile virus is now endemic,” said Jan Heidt, a vector control district board member and former Santa Clarita councilwoman. “It’s always going to be with us. … You’re just going to have to take precautions.” That includes using insect repellents containing DEET, and ensuring pools and ponds don’t become breeding grounds for mosquitoes, Heidt said. eugene.tong@dailynews.com (661)257-5253160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! SANTA CLARITA – The discovery of West Nile virus-infected mosquitoes in the city has spurred county vector control agents to post warning signs and treat area ponds, officials said Wednesday. Mosquito samples carrying the virus were discovered along the South Fork of the Santa Clara River, between the bike path and San Fernando Road, according to city officials and the Greater Los Angeles County Vector Control District. The district plans to post warning signs along the river from Via Princessa to Lyons Avenue and will monitor for stagnant ponds by helicopter, though there were no immediate plans for more drastic measures such as aerial spraying. “We’re confident with their approach,” city spokeswoman Gail Ortiz said. AD Quality Auto 360p 720p 1080p Top articles1/5READ MORE11 theater productions to see in Southern California this week, Dec. 27-Jan. 2The sample – along with those taken from Northridge and Chatsworth – tested positive May 17 by the state Department of Health Services and the arbovirus diagnostic laboratory at the University of California, Davis, the vector control district said. It’s an earlier appearance compared with last year, when the virus first showed up in July in area mosquito samples. Still, there have been no cases of the virus in humans, birds or horses so far in the county. Vector control district spokeswoman Stephanie Heintz declined to speculate if the timing indicates a strong showing for the virus this year, though the alternating wet and warm weather of the past two months has encouraged mosquito development. “It is helpful that we discovered the mosquito pool early in the season because now we can be prepared,” she said. “It is a new disease here. We’re still learning about it.” The virus, which can lead to complications such as encephalitis (inflammation of the brain) and meningitis, is transmitted by mosquitoes. Humans cannot catch the disease from other animals or each other. last_img read more


first_imgThe late Shane PattonA MAN has been charged with causing death by dangerous driving of a Co Donegal teenager.Shane Patton, who was 18, lost his fight for life following a two car collision outside the N13 Service Station in Drumkeen on Wednesday, July 12, 2012. The incident occurred at around midnight when his black Volkswagen Bora was exiting from a minor road opposite the filling station onto the main Letterkenny to Ballybofey road.However, a black Toyota Celica travelling from Ballybofey to Letterkenny crashed into the driver’s door of his car. Mr Patton died the next day in Letterkenny General Hospital.Sgt Derek Lynott told today’s sitting of Letterkenny District Court that this morning he had charged 40-year-old Eamonn Lynch, from Glentain Manor, Letterkenny, with causing death by dangerous driving.Sgt Lynott told Judge Paul Kelly that when Lynch was charged, the accused man had replied: “I’m really sorry it happened.“I’m sorry for the family. My heart goes out to the family. I did not mean for anything like this to happen. It was an accident.”Lynch also faces separate charges of failing to remain at the scene of a road traffic collision on October 5, 2011. He was also charged with having no driving license or insurance on the same date.Inspector David Murphy asked for the case to be adjourned until February 2014 to allow for the service of a book of evidence.Lynch was released on his own bail of €500 on condition that he sign on at Letterkenny Garda Station three times per week, that he does not drive any vehicle, that he does not apply for a passport and he does not leave the Republic of Ireland.MAN CHARGED WITH CAUSING DEATH BY DANGEROUS DRIVING OF DONEGAL TEENAGER SHANE was last modified: December 10th, 2013 by John2Share 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) Tags:DEATH BY DANGEROUS DRIVINGDistrict CourtDrumkeeneamonn lynchletterkennyshane pattonlast_img read more