A corn market rally is hard to justify

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed Ingredients, LLCThere are so many negative factors affecting the corn market right now, it’s difficult justifying any market rally. Weather is always a wild card for the market in either direction especially this early in the season. The funds have a record short position right now, but farmers are really long, so a rally isn’t guaranteed. While no two market years are ever the same, I find it’s helpful to review historical trends to gain perspective or insight.From this point forward in the year the market has eventually seen a nice rally over the last 4 years:2018 — December corn posted a low on 4/20, then rallied 27 cents until 5/242017 — December corn posted a low on 4/21, then rallied 38 cents until 7/112016 — December corn posted a low on 4/25, then rallied 70 cents until 6/172015 — December corn went 20 cents lower from 4/20 until 6/15, then increased 70 cents by 7/11Finishing up my final 2017 Cash SalesLast August I still had 35% of my 2017 crop, stored at home but hedged with sales against the September futures. Instead of setting basis at -.43 picked up on the farm last summer, I continued to store my grain at home and collected market carry, hoping for better basis in the spring. To capture the carry, I “rolled” the futures I had sold against the September to December futures and captured 15 cents of market carry. Then in late November I rolled those sales forward again to July ‘19 futures, picking up another 27 cents of market carry profit.Last week I discussed how I made a basis sale at -.28 against the May. Instead of applying that sale to the ’18 crop I’m actually going to apply it to what I had left of the ’17 crop.With the basis sale being against the May futures, I need to account for rolling the spread from July back to May, which was at a 9-cent spread. Because the market is in a carry, it means the 9-cent spread between the July where my futures were hedged and May futures in which the basis was set against will show up as a loss in my hedge account. Was it more profitable to sell my grain this spring compared to last summer?Basis Profit: -43 cents vs. -28 cents = +15 centsMarket Carry: 15 cents + 27 cents = +42 centsMarket Carry Loss: = -9 centsTotal Profit = +48 centsBut there are additional costs to hold the grain that long. CapacityI have to have more than 100% bin space capacity at home to do this. Currently I can get a 7-year bin loan that costs 25 cents per bushel per year on the type of bins I have recently built. Handling, shrink and fumigationStoring and handling the corn for more than one year requires that I run the fans on the bin in the late summer and fall to keep the corn in condition. My shrink factor is minor because I can blend overly dry corn from one bin with slightly wetter corn in another. If I couldn’t blend, I would have to add the cost for shrink loss on the dry corn and/or the discounts of loading out wet corn. Insects could be an issue affecting grain quality too, and there could be fumigation costs that need to be considered. InterestThe interest cost to not pay down my operating note from the sale of grain on September 1st last year also needs to be considered.My corn’s cash value last September was: $3.20Current operating interest rates: 6%Cost per bushel per month to not pay down the operating note: 1.6 centsTime spent holding grain in bin (September to Mid – April): 7.5 monthsTotal interest cost to wait: 12 centsConclusion: Storing grain more than 1 year was MORE profitableNet Profit from Trade: +48 centsBin Ownership Costs: -25 centsHandling Costs: -4 centsInterest Cost: -12 centsProfit: 6 centsThis was my second year of having extra bin space to make this type of trade. It was also the second year in a row that I have made money holding some of my grain from one marketing year to another. While the bin cost is reducing my profits this year it allows for me to build equity on the ownership of more than 100% bin capacity on my farm. Once those bins are paid off that cost becomes a huge profit potential for me over the life of that bin.The market usually pays for corn to be stored forward in time, so owning a grain bin is the best return on investment on my farm. And while storing grain longer than 1 year can increase corn quality risk, a little bit of management goes a long way to reduce potential issues. For me the increased profitability and flexibility on-farm storage provides outweighs its disadvantages. Please email jon@superiorfeed.com with any questions or to learn more. 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.last_img read more

Making Green Affordable, Part 1

first_imgRELATED CONTENT Now that “green” design (usually defined as design that is energy-efficient and environmentally friendly) is arguably in the mainstream, our industry faces a challenge: to bring green design into the realm of affordability. “Affordable,” like “green,” is a subjective term, and so it makes it difficult to discuss without offending some people (specifically those who are struggling to afford basic shelter for themselves or others; where a donated sink, or 2×4, makes all the difference.) I don’t think this article is necessarily for you/them. I should be clear, right up front, that we are mostly talking about very low-energy, high-quality houses. However, all the principles Phil and I discuss, can be applied to any home, of any size and scale.So, join Phil and me as we knock back a cocktail, roll up our shirt sleeves, and discuss our respective approaches to affordable green design. I should also warn you that Phil and I are a bit chatty in the beginning, and if you are the type that likes to get right to the subject matter, and don’t care about Phil’s discovery of Campari, then you’ll want to skip ahead to minute 06:00.For the rest, well, here’s to you!The Highlights:What does affordable mean? To some, it means $45 / sq. ft. I honestly can’t imagine hitting this number. To others, it means $175 / sq. ft., but that’s for a house that’s close to net zero.The Three Cs: Client, Context and CreativityClient. A client who understands the difference between needs and desires, between comfort and luxury, and who’s value set is in the correct order, is essential for a successful approach to building an affordable low-energy home. Subscribe to Green Architects’ Lounge on iTunes— you’ll never miss a show, and it’s free! TRANSCRIPTChris: Hey everybody, welcome to the Green Architects’ Lounge podcast. I’m your host, Chris Briley.Phil: And I’m your host, Phil Kaplan. Hi Chris.Chris: Hi Phil.Phil: Welcome to the end of summer. It’s a very important phase that we go through as we change from a very different time in our lives. It happens every year – the shift happens right about now. I don’t know about you, but my kids go back on Tuesday, right after Labor Day.Chris: Mine are already back; mine went back Wednesday. We say goodbye to our summer intern, Ben. Fare thee well, Ben.Phil: Yeah, we had a summer intern, Maddy. She’s gone too.Chris: Yeah, it happens.Phil: Did you have a nice summer? Did you get plenty of solar gain?Chris: I got lots of solar gain.Phil: Excellent. I have to say, it’s been a little while since we’ve done one of these podcasts, and I’m excited to be back.Chris: Yeah, it’s been a while. Sorry, everybody. We say that every episode. But this time, we really mean it. And hey, Jason Schafer (he dropped us a line on Facebook): this one’s for you, buddy. Your life is not ruined. We’re back. We’re gonna keep going.Phil: Thanks for the push.Chris: Thanks for the nice note.Phil: We love doing this. It’s a passion of ours. Sometimes life gets in the way. So, what are we going to talk about today, Chris?Chris: Today we are going to talk about making green affordable. And it’s a hot topic. It seems like – every forum you go to, every building energy conference, every Green Build – the sessions that are always full are the ones where everyone’s looking for the clever way to deliver this high-performance, energy-efficient stuff.Phil: That’s right. And I’ll bet you – I don’t know this for a fact – if you were to look on Google and type “green building,” with the next, third, modifier… it would be “affordable.”Chris: I bet you’re right.[The guys jaw about Chris’s new partnership with Harry Hepburn, Phil’s company’s recent AIA New England award, this episode’s cocktail, and cocktail memories from their youth. They also drink a toast to adolescent stupidity.]Phil: So, let’s talk about affordable green. One of the big questions we kick around all the time – and everyone does – is, “What does affordable mean?” What does it mean to you? Then I’ll tell you what it means to me.Chris: Ooh. Well, it depends on who’s asking me, right? What’s affordable to HUD? Or Section 8 housing? (Which I probably shouldn’t call it anymore, since it’s changed.) It’s different. Am I in the Midwest? Or am I on the coast? Here in Maine, the last time I was trying to do an ultra-efficient, affordable house of substantial size, I was trying for $175 a square foot. And it was hard to do. It was doing a lot of what we’re going to talk about later, in trying to keep things tight.Now, if I said to any of my friends in the Midwest, “affordable housing is $175 a square foot,” they’d say, “You’re high. You can’t tell me that’s affordable.” Although, in California they would say, “$175? That’s pretty good!” And we’re talking about something that’s ultra-efficient, very low-energy house. I wouldn’t go so far as to say Passivhaus or net-zero, but I’d say “near-net-zero.”Phil: “Net-zero-ready,” at least.Chris: “Net-zero-ready” – the type of houses we talk about all the time.Phil: And I’d say you have to work to get to $175.Chris: You do.Phil: The problem in the press, when a lot of these buildings that we describe as “affordable green” get out there, then you see the people comment below, “$175 affordable? How dare you?”Chris: Exactly! It’s almost offensive to some.Phil: It is. And I completely understand that. Low-income housing. There are these modular buildings out of Pennsylvania I’ve found out that are kicking out these buildings for $45/square foot. It’s 2×3 walls. (The insulation… do they make it that small? I’m not sure.) But it’s affordable. And really, in the modular industry, $100/square foot is kind of where you want to hit. Or below. You should be able to get below that. So, when you talk about “affordable,” those people are really offended.So, this is a different thing. This is a better building. This is a building where money… yes, it costs you a little bit more, but you pay less in utilities, and you get a high-quality, durable building. Those are the ones that we’re describing. We wouldn’t let ourselves be involved in anything that’s kind of junky.Chris: Right. And, all these principles that we’re about to talk about, they can be applied to any of these houses. We’re going to talk about keeping the volume simple. That makes any house affordable, whether you’re doing a super-duper-insulated whatever or a modular whatever.Phil: That’s right.Chris: If you care to e-mail us your comments about “what is affordable or not,” send them to galounge@greenbuildingadvisor.com. Or – I should put in our plug – go check out our lame Facebook page, and leave your comments there… where we will, every once in a while, look at them, and… ah, never mind.So, do you want to get started? What’s most important to you, Phil? Let’s say you’ve got a client that says, “I want a lot of stuff and I want your help in reining things in and being affordable. Help me.” You say, “Here’s Number One, top of the list…”Phil: I sometimes talk about the three C’s: Client, Context, and Creativity. Those things have to be in alignment. You’ve got to have a client who’s on board and helps you make decisions in the right direction; who’s willing to show restraint. And that’s harder than you think. Even people who say they want to have affordable homes sometimes will fight against that because it’s not really what they want.Chris: Exactly. They want what they want, but they want it to magically be affordable and that’s a hard fight. That’s a long slog of a project.Phil: Right. So there needs to be some clarity up front, in general. If you have buildings that have hit these numbers before, show them what they look like. If you haven’t, find others who have hit these marks.Chris: Very good advice.Phil: And then go from there. Another one that I’ll reference a couple of times – who I’m a fan of – is Carter Scott. He is of this caliber. He’s got a lot more under control, since he builds them himself. He’s really got it down. He’s a good example of what you may be able to hit if everything’s perfect. We can’t get to his level.Chris: And a little experience goes a long way too. Naively saying, “Yeah, we can do that” – I mean, that’s…Phil: So, the next piece after the Client is the Context. The site has to cooperate.Chris: That’s a big deal.Phil: It is. Everything really has to be in alignment.Chris: Are the utilities there already? Do we need well? And septic? Is it a city site? Is there natural gas and utilities all right there? Water? Sewer?Phil: Are you going to have to blast? How far are you going to have to blast?Chris: Right.Phil: Is there a slope?Chris: We’re in the Northeast, everybody, where we blast every once in a while. You Midwestern folks with your sand…Phil: That’s right. We like blowing things up here. We just don’t like paying for it, but we have to.Chris: Right. It happens.Phil: Is it a south-facing view? That’s a huge one. That’s one that is a little bit different. I mean, the other things we just mentioned are the same for any affordable house. But here, you want a lot of glass to the south for this to work properly. Our energy models tell us that’s absolutely what’s got to happen. So, if you have a view to the north, you’re going to have a challenge getting an affordable green home.Chris: Absolutely. What’s next? Keeping the volume simple, I think, is the next thing that we do, right? Let’s say we’ve got a nice easy site. Easy access: that’s another thing. If the builder is going to have trouble accessing this thing – maybe it’s in the middle of nowhere and they have to start by driving an hour every day, or two, or three – then there goes your affordability.Phil: Right. It’s not unusual to have $50,000 to $75,000 in site costs. Right off the bat, what does that do to a $300,000 project?Chris: Yeah. Or a small house. You’d still have the same site development costs. Or maybe not the same, but they’re still there. So that kills your economy of scale. So, let’s keep the building simple.Phil: Right. So, that’s the third C: Creativity. Okay? So it’s: how can we be creative to answer all of the problems with the clients’ program? And really, I mean – I want to go out of my way to say this – you’re kind of creating a box. It really is painful as an architect to think, “Boy, did we just say that out loud? Just make a box?”Chris: Yeah, Just make a box, Phil.Phil: Guess what? It’s not that simple… and it’s not that dumb.Chris: Have you ever seen a beautiful box? Yes, you have.Phil: Absolutely.Chris: It can be done. And a lot of what we as architects in the affordable housing realm… our creativity is in trying to make that box very pleasant. I mean, not to put too fine a point on it: we’re going to try and make every space functional – and with that creativity, maybe we can do two things with one space.Phil: Alright, so, how about some rules about what “simple” means?Chris: Yeah.Phil: How about this one, Chris: four corners is ideal; eight is the max. No more than eight corners in your house.Chris: I love it! When you first told me that: “When you’re doing affordable housing, eight corners is all you’re allowed.” If you tell the client that right in the beginning…Phil: And they can get their heads around that pretty quickly.Chris: Exactly!Phil: “Alright, I can help you with that.” Which is great! Here’s another one: Having two roof planes is ideal; four is max. No more than four roof planes.Chris: Right. The more “boogie-woogie,” the more complexity. Complexity equals dollars.Phil: I like “boogie-woogie.” I’m going to put that in my specs.Chris: Boogie-woogie. I say that all the time. I think I picked that up from my former boss. “You put some stuff up there, and it gets all funky, and you get the boogie-woogie, and that costs money.”Phil: And also, it creates another place for air leakage to occur.Chris: That’s right.Phil: So, the more corners and joints…Chris: The more labor.Phil: That hurts us, not only cost-wise, but in trying to get a really nice, tight building.Chris: Right. And that brings you to the volume, too. I mean: the more corners you have, the more surface area you end up with compared to the volume, especially if you’re biting in. If you have a re-entrant corner, then you’re using the exact same surface area to subtract volume from your building. And you’re doing yourself not a favor.Phil: I’ve never used the word “re-entrant” corner. You must be an architect.Chris: Yeah, I am! Actually, use that in front of your engineer, and he’ll sit up straight the next time you walk in the door.Phil: He’ll shake your hand. I’d say he’d high-five you, but they don’t do that.Chris: They don’t high-five. No.Phil: But, talking about the volume-to-skin ratio… This is actually very interesting question, because we know that the ideal form, Chris, of maximum volume to minimal skin is… what?Chris: A sphere.Phil: A sphere. Right. And how much does building a sphere cost?Chris: Yeah, that’s a little bit hard. So, the industrial equivalent to a sphere might be…Phil: It’s a cube.Chris: It’s a cube. Right. So, we’re all boards now. We’re all affordable boards.Phil: That’s right. Holy box! But – here’s another thing that we talk about, and we’ve mentioned this in multiple podcasts – if you want to elongate your building so that it’s got southern exposure, it’s basically an east-west axis…Chris: Exactly right.Phil: That fights against the cube. So what’s the right answer here?Chris: Well, personally, I think the two-story shoebox – which is what Passivhaus really forces you to do. Because there, you’re striving for efficiency, you’re not really striving for affordability. (Although, go ahead and try, but that’s what it’s forcing you to be: the two-story shoebox.) Personally, I think the proportion is 1 to 1.618, which is the Golden Section. That’s not proven scientifically… ah, that’s just me.Phil: But you’ve got a beautiful vibe.Chris: Right, but really, it is about 1 to 1.5. This is a good rule of thumb in the northern climate, zones 5 and 6. I think it’s going to start to change when you get lower and you want to shed more heat.Phil: Well, I’m going to put a little hitch in your assumption there.Chris: Awesome! Hit me. Challenge me, Phil.Phil: So, if we go back to the cube, there are things that we can do. Granted, we do not get as much solar gain – because, with the orientation of the building, we have more challenges with our east-and-west exposure – but what we do get is: efficient spans. Say, the maximum span of a 2×10 is 16 feet. You can’t really have a 16-foot wide building…Chris: You can, but you’re going to lose it on the surface area-to-volume ratios there.Phil: Yeah, and I would also say that you’re not going to be able to have a very efficient floor plan, just out of experience. So, if you were to do a 32 by 32 foot building…Chris: Yeah, you’re talking about the classic four-square there.Phil: That’s right, the classic four-square. It’s extremely efficient. It does not have much siding, compared to your two-story shoebox, where it’s got less. I’m learning this – because in some of the projects we’re working on with Modular Builder, we’re trying to figure out what’s the most affordable and most efficient (and affordability is really Number One). The most affordable cost per square foot is the box. It’s that Great Diamond model, which is the cube. That’s it. We can hit $135/square foot, whereas our two-story shoebox with a dormer is about $175. This is dramatically different.I mean, there is a variety of factors, but…Chris: But, you attribute it mostly to the fact that you’re a cube and not a box.Phil: Not a rectangle. I would attribute it at least 50% to that.Chris: Well, alright. “Chapeau,” as the French would say.Phil: So, kick it around as a possibility.Chris: Right. Other things you can do, and you mentioned this as being rectangular in yours, is keeping things octagonal. We architects, we love to get funky: just skew that little angle! You know, just kick it!Phil: Whoa! Why’d you do that again? Why is it angled? Well, the angle of the sun is off by 14%, so we want that angle to respond to the… ahhh.Chris: It’s not going to happen.Phil: It’s a cool idea. It’s architectural conceit. It makes it look a little cooler.Chris: Well, and that’s fun. If our goal here is to be affordable… if the client said, “I need your help to make this thing hit this price,” and you go doing funky things, then you’re not helping.Also, let’s think about – hey architects – both our structure and our mechanicals all at the same time. That’s what you’re trained to do. That makes you a cool guy. The word “transfer beam” really shouldn’t come up in an affordable house or you’re failing, sir.Phil: That’s right. Eliminate steel. Somebody told me this once: imagine that you had to bring this building to an island and build it there. You’d have to get a bunch of small sticks to an island – you can’t say “I want a 22-foot member here and there.” You’ve got a pile of sticks and you’ve got to build this house yourself.Chris: Also, with keeping things simple: your air sealing. Right? I mean – and you mentioned it before – the simpler your form, the simpler your air sealing.Phil: Right. Less corners, less joints – the tighter this thing is going to be.Chris: Right. So, you’re stacking up your structure. You’re stacking up your mechanicals. You’re keeping your runs short. That’s a no-brainer. And you’re able to air-seal this thing easily. Let’s keep those mechanical systems really simple, too. Right?Phil: That’s right. Absolutely dead simple.Chris: I don’t know how many times we’ve talked about cost offsets – Phil, you and I here on this podcast, but – that’s what it’s all about. If you can simplify your house, reduce that demand, now you’re able to even further simplify your mechanical system. And that is going to go a long way in saving money. If you can turn your $20,000 mechanical system into a $9,000 mechanical system…Phil: Boom!Chris: Boom! Hero… right?Phil: That’s right. Hero! Exactly! And what is that system? We talk about ductless minisplits.Chris: Over and over. We say that. And that’s usually where we are, just because of their efficiency and the amount of demand we’ve gotten to. If we can get down to 25,000 or 23,000 Btuh…Phil: Hang on, Chris. Can’t you buy a cheap little gas furnace?Chris: Yes, you can! Let’s say, you’re right there on the street; you’ve got natural gas in the street. Maybe your condensing gas boiler is a great option that is cheap, and also wicked efficient. Sure, you’ll have way more BTU output, but if they modulate, then they’re still going to work for you.Phil: Yeah. I mean, there’s fossil fuels there. That might be one of your goals.Chris: That’s true.Phil: Yeah. So, that’s a question, but… Yeah, that really is an affordable answer, and sometimes it’s a tricky one to argue against. You’ve got to believe in it.Chris: And maybe at this point you start thinking about the exhaust-only approach to ventilation. I’m not a fan… I don’t like exhaust-only as much, but maybe if you put a couple of those little… what do you call them?Phil: Trickle vents?Chris: Trickle vents in there. Or maybe you use the Lunos system. But that’s not the most cost-effective in our opinion.Phil: It’s not. So, the trickle vents are something that does work and it’s the most cost-effective, but you certainly lose control. So, if you get yourself a nice, cheap ERV or HRV – boy, wouldn’t that be a better option? It’s sort of a question of adopting – not of the unit itself – so, you’ve got to be smart about how you do that.Chris: Right. And then, one more thing before we go to break. Let’s talk about the floor plan and the spaces and their functionality. We kind of alluded to it before. Phil, why would you have two entries, for example, in a modern household? You’re trying to be energy-efficient, right? Can you – challenge, architect! – can you create one entry that is functional and neat and clean and acts as the same entrance that your family uses and your friend uses and the same one that you use for the funeral or the – wait, I’m sorry – the wake, or the graduation, the parties that come over and that sort of thing. Can it all be done?Phil: It’s a possibility. But Chris (I’m being the client right now), I really love the idea of French doors from my master bedroom and my dining room and my master bathroom. I’ve always had visions of those French doors.Chris: Awesome Client, I know you do. And we all do. But you came in here saying you wanted my help in reining in that budget. Here’s an idea: maybe we can minimize those doors. Those French doors… man, they are costly! Maybe we can do it with one. Maybe one front door and one back door. Maybe you can do it without. Maybe we can do it all in one! I don’t know. Let’s… let’s… let’s… wait! Give me a shot! Give me a shot, Awesome Client. Let me show you how awesome it could be.Phil: I love you, Sensible, Responsible, Sensitive Architect.Chris: Well, we aim to please.Phil: Alright. Hand me that invoice, I’ll pay it now.Chris: Yeah! It’s already on the way. Let’s call that “Part One,” because I think those are the big ones.Phil: That was good. We’ll come back and we’ll talk about a little bit more detail. We’ll talk about the wall section, the roof section, the building section. More specifics.Chris: Right. The more technical things that we can do.Phil: And, as architects, let’s come back and talk about how to keep these things from being ugly.Chris: Awesome! I love it!Phil: Battling the box.Chris: Cool!center_img Context. A site that cooperates (has utilities, easy access, good solar exposure, good soils and drainage) makes a huge difference. Steep slopes, poor soils, long driveways, difficult terrain — all quickly add up to a substantial premium.Creativity. Okay, Mr. Architect. It’s time for you to turn simplicity into beauty.– If the house is a box, make it a beautiful box.– Watch your surface-to-volume ratio.– Simplify the structure; minimize corners and dormers.– Cost offsets: reduce energy demand with the goal of saving on a smaller, simpler mechanical system.Don’t forget to check back in later for Part 2, when Phil and I will get into more detail about the building components and how the simple design decisions can have a big impact on the budget.Thanks for listening. Cheers. PODCAST: How to Choose the Right Mechanical SystemPODCAST: Net Zero Energy Homes: Part 1My Forays Into Multifamily Affordable HousingAn Affordable Passivhaus Comes to PittsburghNew, Affordable, and Green in a Historic NeighborhoodAffordable-Home Development Uses Net-Zero PrefabsAffordable Urban Green in Phillylast_img read more

Bank dacoit injured in gunfire, arrested

first_imgA bank dacoit, Benu Barik, was injured and arrested by the police following an exchange of fire inside Rampada jungle under the Buguda police station in Odisha’s Ganjam district on Tuesday.Two bullets hit the accused in his leg. He has been admitted to the MKCG Medical College and Hospital in Berhampur. On receiving information about his presence at Rampada jungle, a team from the Buguda police station tracked him down at 7.30 a.m. while he was travelling on a bike along with an accomplice. There was an exchange of fire between the police and the duo. While an injured Barik was nabbed by the police, his accomplice managed to escape.According to Inspector in-charge of Buguda police station Ram Chandra Biswal, the accused was involved in a dacoity at the Manitara branch of Utkal Grameen Bank under the Buguda police station limits of Ganjam district on May 24, 2017. A group of six armed robbers had looted mortgaged gold ornaments worth over ₹4 lakh and cash.last_img read more

Gujarat promises action over blocking of Dalit wedding processions

first_imgThe Gujarat government on Wednesday assured to take strong action against elements who block wedding procession of Dalits after a few such incidents were reported from some villages in North Gujarat where the police had to be called to control the situation.Recently, several incidents were reported from North Gujarat where wedding processions of Dalits were blocked or obstructed by dominant castes in the villages.In a village in Mehsana district, villagers, including the sarpanch (village head), issued a call of social boycott of Dalits after a Dalit groom took out a wedding procession riding a horse in the village.On Sunday, in another such incident, the police had to resort to a baton charge after members of the Patidar community allegedly stopped a wedding procession of a Dalit community in Aravalli distric . During the incident, people of both sides hurled stones at each other.Police coverIn another incident, the wedding procession of a Dalit bridegroom at a village in Sabarkantha district had to be provided police cover after members of the Thakor community objected to the groom offering prayers at a local temple. The procession, however, passed off peacefully amidst police deployment in the village.“The government is very much concerned about some recent incidents that have occurred in some villages. I want to assure that stern action will be taken against those who were found involved in the incidents,” Gujarat’s junior Home Minister Pradipsinh Jadeja told media persons in Gandhinagar.Mr. Jadeja added that protection will also be provided to members of the Scheduled Castes in the villages if required. Meanwhile, the opposition party leaders slammed the State government for failing to protect Dalits and termed the government’s assurance of stern action as hollow promise.last_img read more

Alex Cabagnot, returning Christian Standhardinger help Beermen blast Aces

first_imgPBA IMAGESSan Miguel Beer leaned on Alex Cabagnot and returning big man Christian Standhardinger’s brilliance to frustrate Alaska, 114-96, in the 2019 PBA Philippine Cup Sunday night at Araneta Coliseum.The reigning conference champions scripted a turnaround behind the steady performances of Cabagnot, who finished the game with 31 points, and Standhardinger, who chimed in 23 more.ADVERTISEMENT “We all know that we’re already in the quarterfinals. But this game is still important for us,” said San Miguel coach Leo Austria, whose squad ended the eliminations with a 7-4 card.“We didn’t want to get to the next round on a losing note. This gives us a lot of confidence moving on,” he added.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsStandhardinger, who, according to Austria has yet to fully recover from his knee injury, pumped in 14 of his 23 points in the final frame to help the Beermen pull away by as many as 21 points.“We planned for (Christian) to only play a few minutes just to break him in. But he had a break out,” Austria said in jest. Ramil de Jesus: La Salle morale ‘really down’ after loss to UP San Miguel now finds itself smack in the middle of the Top 8 at No. 5 to be precise, with five of the teams below them still having a few games left to play.Alaska drew 22 points from skipper Chris Banchero. Carl Bryan Cruz had 13 while Sonny Thoss and Noy Baclao each added 12.The Aces, though, had no answer for the Beermen, who had four more players tallying 10 points or more.The Aces dropped to 4-6 and while they’re still technically in playoff contention, their chances of advancing gets bleaker.ADVERTISEMENT LATEST STORIES ‘Excited’ Terrence Romeo out to cherish first PBA finals appearance PLAY LIST 01:30’Excited’ Terrence Romeo out to cherish first PBA finals appearance00:50Trending Articles00:50Trending Articles02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Sports Related Videospowered by AdSparcRead Next Trump tells impeachment jokes at annual turkey pardon event Colombia protesters vow new strike after talks hit snag Bloomberg: US would benefit from more, not fewer, immigrantscenter_img Panelo: Duterte ‘angry’ with SEA Games hosting hassles MOST READ Google Philippines names new country director View comments Wintry storm delivers US travel woes before Thanksgiving Don’t miss out on the latest news and information. Cayetano: Senate, Drilon to be blamed for SEA Games mess Private companies step in to help SEA Games hostinglast_img read more