South Africa cuts interest rate

first_img20 July 2012 South Africa’s Reserve Bank decided on Thursday to cut its interest rate for banks, known as the repo rate, by 50 basis points to 5.0%. The prime rate at the country’s retail banks will now decline to 8.5%. Prior to Thursday’s cut, the Bank’s monetary policy committee (MPC) had kept the repo rate at a more than 30-year low of 5.5% for its last nine meetings. The repo (repurchase) rate is the rate at which the Reserve Bank lends money to the country’s banks. “While it is recognised that such a move on its own will not overcome the challenges facing the economy, it is felt that it can help alleviate some of the pressures faced by some sector,” Reserve Bank governor Gill Marcus said following the MPC’s fourth meeting this year. The South African Chamber of Commerce and Industry (Sacci) welcomed the decision. “This decision will go a long way towards alleviating cost pressures on households and businesses (and SMEs in particular), although the measure in and of itself is unlikely to have a significant impact on improving economic activity,” Sacci said in a statement. The cut was a welcome indication that long-term inflation is expected to moderate. The Reserve Bank revised its economic forecast for 2012 and 2013 slightly downwards. South Africa’s gross domestic product (GDP) growth is now projected to moderate to 2.7% (from a previous 2.9% forecast) before it picks up to 3.8% (from a previous 3.9% forecast) in 2013. In a research note, Nedbank economists said the decision was “unexpected but not unreasonable given the rapid deterioration in the global economy in recent weeks. “What happens next depends on whether the combined global monetary stimulus sparks some recovery later in the year (in which case rates will remain stable) or whether the global economy slips into recession (expect further easing)”, Nedbank said. Nedbank added, however, that it expected rates to remain stable well into 2013. The MPC will hold its next meeting from 18-20 September. Source: SANews.gov.zalast_img read more

Power ships may ease South Africa’s energy woes

first_imgPower ships are proving to be a quick-fix temporary solution to electricity constraints around the world. In Africa, they are used to good effect in Ghana. The floating power stations are either anchored off shore or moored at quayside and transmit power through cables or transmission lines. The Karadeniz Powership Rauf Bey, with a capacity of 179.1 MW, has been supplying electricity since May 2010. (Image: Karadeniz Energy Group) • New solar plants in sunny Northern Cape • Khi Solar One: renewable energy for the ages • New African energy projects leapfrog outdated technologies • Nuclear power holds promise for South Africa • Joburg to produce its own electricity from landfill Sulaiman PhilipPort Elizabeth is home to a large slice of South Africa’s critical automotive industry, foundries and the deep water port of the Coega Industrial Development Zone. It is an energy hungry region that, in 2012, soaked up 26% of Eskom-produced power, by sales.If Eskom could ease this demand, power for the rest of the country would stabilise and lower the pressure on the electricity producer. Solutions announced by Eskom are either costly – running diesel generators while maintenance is done on coal-powered plants – or at least 18 months in the future – when newly constructed plants come online.A quick fix would be power ships like the type that generate 22% of Ghana’s power needs. In Lebanon, two Turkish-built power ships supply Beirut with 270MW daily. Lebanon’s power demands have increased by between 6% and 8% over the last few years, mostly the result of refugees fleeing the Syrian civil war.For Beirut, the power ships are a quick-fix solution until demand stabilises or new power infrastructure comes online in three years. Gebran Bassil, Lebanon’s energy minister, explained at the inauguration of the first ship: “The power ships do not represent an ultimate solution to the electricity problem but a three-year temporary solution to allow the rehabilitation of [existing, conventional] power plants.”Power during crisisSouth Africa used a power ship in 2006 when a bolt was lost during routine maintenance at Koeberg, the nuclear power plant in the Western Cape. The amount of power generated by Koeberg was reduced and with load shedding looming, the utility rented a barge-mounted turbine to supply power.Eskom spokesman Andrew Etzinger told Moneyweb that power ships were not a solution the utility was considering. In the short term, he argued, power ships would help to alleviate the supply problem but at a cost equal to what Eskom spent on running its diesel turbines.Eskom produces 34 000MW of power, which just about meets the country’s power needs. A Karadeniz power ship would produce about 310MW, which is “capable of powering a town like East London. The idea is not to make a town self-sufficient, but rather to feed the electricity into the national grid.”With power comes infrastructureThe biggest builder of power ships is Turkish company Karadeniz. Osman Karadeniz started building floating power stations after leaving West Africa, where he saw persistent power shortages at hospitals lead to unnecessary deaths. Chronic power shortages meant development was hampered, miring the region in a cycle of poverty. “The concept behind it was how to provide affordable power in some West African countries where there [was] no infrastructure, not even a hardware store,” Karadeniz wrote on the company’s website.Karpowerships can go live – according to the website – within 120 days. The floating power stations are either anchored off shore or moored at quayside and transmit power through undersea cables or transmission lines. Currently the company’s technology allows a station to operate for 12 hours a day in a 12-day cycle. When it runs out of power it draws energy from a storage ship moored next door, in essence a floating battery.There are at least 60 floating power stations around the globe that use natural gas, heavy fuels and even nuclear to produce 4GW of power. In the north of the Russian Federation, a floating nuclear power station, with a 40-year lifespan, produces 70MWs of power that is transported 290 kilometres inland. The Karadeniz Powership Fatmagül Sultan, with a capacity of 203.1 MW, is the most powerful of the Karadeniz fleet. (Image: Karadeniz Energy Group)Falling power generationTaking 2010 as a base figure, Eskom produced 101.1% of South Africa’s power needs in 2011. That figure slumped to 99.3% in 2012. By July 2013, Eskom was producing 106.4% but slid to 97.3% by September. It was not until July 2014 that it breached the 100% mark again.Power production has sagged again, leaving citizens scratching their heads over confusing load-shedding timetables. But confusion is not the worst of it; Eskom’s problems influence the country’s growth prospects. While operating on razor-thin power margins, Eskom expects that once its new power plants come online demand will be met, with reserve margins once again reaching between 10% and 20%.In 2014, the International Monetary Fund expected the South African economy would grow by 3.6% in 2015. This prediction was tied to “robust infrastructure investment spending and easing of electricity supply constraints as additional electricity supply from new power plants [begins] to come on stream”. At the same time, the CIA Factbook warned that growth in South Africa would not exceed 3% until the country found new sources of stable abundant power.last_img read more

Meet The SoloWheel Glide 3

first_imgRelated Posts Blueair 680i Air Purifier: Clean Air For Your H… ReadWrite Product Reviews The Segway was the first of the self-balancing class. Then came the hoverboards. Now it’s time for the future of self-balancing vehicles. Meet the SoloWheel Glide 3, a self-balancing electric unicycle that serves as a fun and convenient way to get around town. The team at ReadWrite got to “Glide” around in one of these for a while and we’re hear to tell you what we think of it. SoloWheel Glide 3 SpecsThe SoloWheel is a self balancing electric unicycle, or an EUC (not our term). The SoloWheel can zip around at a max speed of 19 miles per hour and travel up to 31 miles on a full charge. Although, our team doesn’t recommend taking this thing to it’s max speed right away. The range on the SoloWheel is also a big plus. As long as you leave the charger at your home or wherever you typically travel to, you should be just fine. The downside to all that power and range is weight. The SoloWheel weights a little over 30 lbs which isn’t the most fun to carry around with you. Not to mention, it’s not able to climb up stairs very well either. Fortunately, the SoloWheel Glide 3 does come with a retractable handle that you can use to walk the wheel around like a suitcase. This makes it much easier to walk around with while you aren’t riding. You can find all the other specs here. Must Be Hard to Ride Right?We’re going to be honest with you guys. There’s definitely a learning curve to riding the SoloWheel. At first, it’s difficult to maintain proper balance. The SoloWheel is very sensitive to your movements, so any lean forward or backwards will trigger movement. When you’re getting started for the first time, I highly recommend holding onto something sturdy. And try to make sure it’s not something that can be ripped off the wall…The best way to learn is to practice moving back and forth by leaning while standing in between a doorway. Hold onto both sides of the doorway while you lean back and forth. You need to train your body and mind to trust the device. Once you’ve practiced this, try taking it for a spin without holding on to anything. We recommend picking a wall or table 10-15ft away and ride over to it trying to maintain your balance the whole time. Once you’ve practiced enough in the office (we don’t recommend riding this in the office), you can take it out in the parking lot for longer rides. After about 3 days of riding, you should be able to take it around town. Again, it really comes down to trust and balance. Once you get the hang of those, you should be fine. SummaryThe SoloWheel Glide 3 isn’t a cheap gadget. It retails for $899 USD. That said, it’s a well-built machine and deserves that price tag. Whether you’re looking for a new toy or a fun way to commute to and from work, the Solo Wheel Glide 3 is definitely something you should consider. Just remember to wear your safety equipment while riding!Special thanks to wellbots for setting us up. Here is a 10% OFF discount for your readers on the Glide 3 with code READWRITE10 CEOs in Troubled Waters (with Myriam Joire from… The ReadWrite reviews team provides reviews on the latest and greatest technologies, services, and products.For all review inquiries please email [email protected] Tags:#solowheel A Review of Instagram Marketing by Matthew Lucas Uber vs Lyft: Battling for Supremacylast_img read more

Not gathering dust

first_imgTheir muse is their mission. Their prized possessions- the collectables they’ve compulsively and so lovingly gathered over the years-remain their pride and joy. They are the heritage collectors of Chandigarh. Take a tour of their heritage Meccas displaying rare antiques. Opinder Kaur SekhonOpinder Kaur SekhonMini PatialaAntique aficionado Opinder Kaur Sekhon,Their muse is their mission. Their prized possessions- the collectables they’ve compulsively and so lovingly gathered over the years-remain their pride and joy. They are the heritage collectors of Chandigarh. Take a tour of their heritage Meccas displaying rare antiques.Opinder Kaur SekhonOpinder Kaur SekhonMini PatialaAntique aficionado Opinder Kaur Sekhon grew up admiring Punjab’s rich rural heritage. So naturally, it was only a matter of time before she started preserving it for future generations. “I’ve always been very connected to my roots. But my passion for antiques bloomed once I got married to a family having a royal connect,” says Opinder, whose husband’s grandfather served the Maharajas of Patiala. The 49-year-old’s collection today is a Mecca of Punjabi antiquity.Sekhon’s home in Chandigarh is a living museum of all things that the royal Patiala of yore has been famous for- from Punjabi juttis and khosas procured from Muktsar, Fazilka, Malout, Rampura and Patiala to intricately woven covers of pettis and sandooks and antique jewellery to 20 pieces of baagh phulkari. But her most valued collection includes 75-year-old Patiala salwar-suits, achkans and rainbow hue ghagras with 75 creases on each of them.The piece de resistance, however, is the ‘gold suit’ that belongs to her husband’s grandmother. She is presently authoring a coffee table book on her collection.Karishma Aggarwal has a collection of 100 Barbie dollsKarishma AggarwalThe Barbie girlWith almost mathematical precision, 13-year-old Karishma Aggarwal enlists the contents of her closet-that stacks around 100 Barbie dolls. “There are Barbies wearing long, flowing gowns, sporting short dresses, some decked up in lehenga cholis or salwar kameez, a Snow-White and even a Britney Spears. Though a few were gifted , I’ve picked most from in and around Chandigarh,” says Karishma. Karishma also possesses a staggering volume of fashion accessories.From laced-up boots, slip-ons and wedges, purses, hats to glittering little tiaras and necklaces, she has it all. She washes, irons and puts on the new dresses on the dolls every evening.”One day, my elder sister Kudrat was reading aloud an article on an American Barbie-collector with 4000 Barbies. I felt an urge to have such a whopping collection too,” elaborates the class seven student of Bhavan Vidyalaya.Gurshinder AulukhGurshinder AulukhNothing is scrapPreserving bits and pieces of Punjabi heritage is an all-consuming passion of 62-year-old Gurshinder Aulakh. Thanks to the collector’s painstaking efforts, her private collection titled Sarmaya- occupies a spacious corner of her resort Aura Vaseela. Besides interesting bric-a-brac that Gurshi’s collected from her various travels across Punjab, the collection also features family heirlooms handed over to her by her mother and mother-in-law. “I was always fascinated by traditional utensils being used in my village,” informs Aulukh, whose love for Punjabi heritage intensified after marriage. “My husband, an I.P.S. Officer, was posted in the Gujarat cadre when we got married. Travelling with him across the state exposed me to its rich heritage,” says Aulukh.She observed that in Punjab people were were trading the golden past for modern stainless steel. The scrap dealers were selling the rich traditional items by their weight at the rates of metal, without realising their worth.The heritage lover’s sensibilities goaded her to make efforts to preserve her culture for the future generations. She started looking around homes, scrap shops and villages. Today, her collection boasts of a rare antiques collected from Bhatinda, Muktsar, Kangra, Jagadhari, Morinda, Kalka, Roopnagar, Sangrur, Pinjore and Kharar. “My favourites include camel kaathees, charkha, a hand pump and a 100-year-old angeethi” says Gurshi, who is encouraging new artistes in varied fields.Gitanjali GillGitanjali GillSilver streakAll that glitters at Gitanjali Gill’s farmhouse in Zirakpur is not gold, but refreshingly silver. Beams the social worker and bauble-lover, who possesses more than 200 antique silver trinkets. “It all started around 11 years back when I was on a vacation in Dalhousie. I came across a local woman wearing unique kanthasand jhumars in silver. This triggered off an interest in silver jewellery,” informs Gill, adding, “These women do not sell their jewellery directly as selling off their ancestral jewellery for financial reasons was a taboo; lest they bring a bad name to the family. Most of these women were selling their jewellery to local goldsmiths and jewellers, who further melted it to make more modern designs.” And so, Gitanjali set off on a collector’s trail, hunting for jewellers who’d sell antique pieces to her. After two years, the lady could boast of more than 180 exquisite pieces: 50-year-old anklets, jhumars, swirling neckpieces, kanthas and rani haars. “There’s even an antique hairclip and an ear cleaner in pure silver, sourced from Banikhet in Chamba,” avers the proud collector.Imranjyot SinghImranjyot SinghMan of coinsHis love and ongoing efforts for collecting coins from around the world is all-consuming. But, perhaps, documenting history runs in the blood of 16-year-old Imranjyot Singh. Son of Opinder Kaur who’s been relentlessly collecting bits and pieces of Punjab’s glorious past, the medical student from the Lawrence School Sanawar, has 250 antique coins dating back to 1776. Imranjyot has a wide range of rare coins from almost parts of the globe-U.S.A, Canada, UK and Mauritius. His collection also include a wide range-Files of Jorden, Dines, Cents and quarter Dollars from USA-dating back to 1776, Devtsche Mark, Republique Francise, Canadian and Sri Lankan cents, Malasian Sens and Bahrains, Australian Florin and South African Rands. Imran’s most valued collection includes Indian one Rupee coins dating back to 1907. Recalls Imranjyot, “It all started at a very young age, when I was sitting with my maternal grandfather and watching a programme on coin collection on Discovery Channel,” smiles the young collector.advertisementadvertisementlast_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

Winners & losers of the Champions League draw

first_imgUEFA Champions League Barcelona pour on misery for Conte and the winners & losers of the Champions League last 16 draw Kris Voakes Last updated 1 year ago 20:09 12/11/17 FacebookTwitterRedditcopy Comments(98) Antonio Conte Luis Suarez 2017 Getty Images UEFA Champions League Basel Bayern München Chelsea Juventus Sevilla Shakhtar Donetsk Porto Real Madrid Manchester United PSG Roma Barcelona Liverpool Manchester City Beşiktaş Tottenham Hotspur The draw on Monday threw up favourable draws for Manchester’s finest, but the Spanish clubs will not be happy with the ties they face The draw for the round of 16 in the 2017-18 Champions League has thrown up some fascinating fixtures, eagerly-awaited reunions and intriguing rematches.However, some sides will be far happier than others after Monday’s ceremony in Nyon. Below, Goal runs through the winners and losers from the draw… Champions League draw graphicWINNERS: THE MANCHESTER CLUBS Jose Mourinho Pep Guardiola Manchester United City Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player As if the confidence boost of beating neighbours Manchester United on their own patch on Sunday was not enough, within 24 hours Manchester City were handed the relatively straight-forward task of facing Basel in the last 16.With an 11-point lead in the Premier League already Pep Guardiola should find himself in a position to rotate his squad in February, allowing him to prioritise the challenge ahead of City in Europe. And while Basel do have a good record against English sides, most recently stinging United with a late winner in Group A in November, the in-form Blues would have highlighted the Swiss outfit as one of their plum potential opponents.United won’t be fretting too hard about their own draw either though, with Sevilla having been fairly inconsistent so far this season. The Spanish side also finished runners-up to Liverpool in a group remembered most for the 3-0 lead the Merseysiders squandered at the Ramon Sanchez Pizjuan.Jose Mourinho got one over on Sevilla boss Eduardo Berizzo as recently as last May, guiding United past the Argentine’s former club Celta Vigo in the Europa League semi-final, and he will back his strengthened Reds to overcome the Spaniards this time too.WINNERS: BAYERN MUNICH Jupp Heynckes Bayern MunichEvery year it feels like one club has managed to get away with finishing second in the group stage, and it is fair to say that Bayern Munich will be breathing a huge sigh of relief after being paired with Besiktas.The Turkish side came out on top of a very weak Group H featuring Porto, Monaco and RB Leipzig, and they were always likely to be a preferred opponent for many of the second-placed clubs in the draw.But having looked a distant runner-up to Paris Saint-Germain following a chastening group-stage defeat in the French capital which led to the sacking of Carlo Ancelotti, Bayern’s European season has now been transformed.The return-game victory over PSG was a confidence boost, but a knockout tie against Besiktas is as close to a bye as Bayern could have got and Jupp Heynckes will be telling his players that their Champions League season will really start at the quarter-final stage.LOSERS: UEFA Shakhtar Donetsk UCLThe Champions League is UEFA’s prize cash-cow, but Monday’s draw did throw up one distinctly underwhelming tie which will do little to boost the European governing body’s TV revenues.The clash between Shakhtar Donetsk and Roma will be one both clubs will fancy, but it is unlikely to draw much of an audience from outside of Italy and Ukraine.UEFA’s decision some years ago to split the round of 16 over four separate weeks was done in order to maximise TV income, broadcasting no more than two games on any one night through February and March. Yet it will take some creative scheduling to get football fans across Europe into their sofas on the nights Shakhtar and Roma – two of the lesser powers of the continental game – face up.And as for Real Madrid v Paris Saint-Germain… UEFA would have far preferred them to match up in the final than the last 16.LOSER: ANTONIO CONTE Antonio Conte Chelsea 2017From the outside looking in it has felt as though Antonio Conte has spent the entirety of 2017-18 so far fighting various fires. Whether squabbling with his superiors, overseeing underwhelming results or sending mixed messages over the value to his squad of David Luiz, the Italian has reaped little reward for winning the Premier League in his first season in charge.The disappointments against Roma in Group C which led to Chelsea throwing away a 2-0 lead at home and then being blasted out of sight in the eternal city have come back to bite the Blues, with Barcelona now lying in wait in the final 16. It is the last thing their under-pressure boss needs.Such was the success of the other English clubs, Chelsea were always likely to come up against a heavyweight and the prospect of facing Lionel Messi, Luis Suarez et al will not sit well with fans so soon after the 1-0 loss at West Ham United which forced Conte himself to admit his side’s title challenge is over.LOSERS: SPANISH CLUBS Cristiano Ronaldo, Real MadridEvery club in the draw will have written down their potential opponents on a sliding scale from most to least preferred, and La Liga’s biggest hitters were left staring at the bottom end of the page after the ceremony on Monday.Having failed to win their group, Real Madrid knew there was a reasonable chance they might face competition favourites Paris Saint-Germain in the round of 16 and Zinedine Zidane now has to come up with a way to see off Neymar, Kylian Mbappe and the likes while simultaneously looking for ways to get Cristiano Ronaldo scoring regularly again in order to wrestle his team back into the Liga title race.Barcelona too have ended up with their worst-case scenario, even if they will still back themselves against Chelsea. The Blues do have an outside shot of stabilising enough over the next two months to go into the tie with a degree of confidence, and Barca won’t have to be too far from the top of their game to come unstuck if they do.And with Atletico Madrid having gone silently out of the side door already, Sevilla hold Spain’s only other candle going into the knockouts but have ended up being paired with Manchester United. While Jose Mourinho’s side have proven to be gettable at times this season, Eduardo Berizzo would have hoped for countless other eventualities over the one his side have been handed.last_img read more

Yukon government vows to improve jail conditions for inmates struggling with mental

first_imgShirley McLeanAPTN NewsAlmost four years after a group of inmates launched human rights complaints against a correctional centre in Whitehorse, the Yukon government is now pledging to improve conditions for inmates with mental health issues.That’s according to a new settlement agreement the Yukon government has signed with the territory’s human rights commission.Shirley McLean reports.last_img

Josh Freeman Lands Back on Top of NFL Depth

Earlier in the year, the Tampa Bay Buccaneers released quarterback Josh Freeman, leaving him team-less. Many speculated that the former first round draft pick would end the season on the couch at home, or even by becoming a third string quarterback at best. They were all wrong.Josh Freeman will be the starting quarterback for the Minnesota Vikings next Monday night. The Vikings signed Freeman on Oct. 8, after the Bucs released him. In just a a week, the organization has decided that they have seen enough to give Freeman another shot at being a starting QB in the NFL.Coach Leslie Frazier said Wednesday that Freeman is a hard worker and he is ready to be at the helm against the New York Giants Monday Night.“I like the things that he’s done in his career, along with what he’s done since he arrived here with our football team,” Frazier said.“The time that he’s put in, how well he’s adapted to our system, and I like his work ethic. He’s done enough for us to say we want to give him this opportunity — which is something we had in mind when we acquired him. We think now is the time.” read more