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West Fraser says worst of its B.C. mill cuts done

first_imgVANCOUVER — Mill cutbacks in British Columbia are still happening, but West Fraser Timber Co Ltd. said Friday that the worst of the pullback is behind it.The company, like many in B.C.’s lumber industry, has cut back and closed mills in recent months in response to limited log supplies and a plunge in lumber prices from record highs last year.Canfor, for example, announced late Thursday it was indefinitely suspending operations at its Mackenzie sawmill and permanently cutting a shift at its Isle Pierre mill to reduce output- Advertisement -For its part, West Fraser CEO Ray Ferris said the company’s already announced cuts should put it on a more stable footing in the province going forward.“From a strategic standpoint, much of our heavy lifting in British Columbia is now behind us,” Ferris told a conference call Friday to discuss the company’s latest financial results.West Fraser announced plans late last year to cut shifts at its mills in Quesnel, Fraser Lake, and in the last quarter announced it would also cut a shift at 100 Mile House and close its mill in Chasm in response to the squeeze on margins. The permanent reductions totalled about 614 million board feet.Advertisement “These permanent reductions, coupled with the impact of the temporary curtailments in the first half of 2019 by approximately 250 million board feet, have been disruptive, costly, and extremely difficult for our employees, our log contractors, our suppliers and our communities,” said Ferris, who stepped into the chief executive role July 1.The shift in fortunes compared with last year were clear in West Fraser’s results, which showed it lost $17 million, or 25 cents per share for the quarter ending June 30, compared with earnings $397 million or $5.19 a share last year.The results were also well below analyst expectations of adjusted earnings of nine cents per share according to Thomson Reuters Eikon.RBC Capital Markets analyst Paul Quinn, characterizing the second quarter as a “ferris wheel of issues, said lumber earnings were below his expectations, made worse by worse-than-expected export duties of $51 million.Advertisement While there is no quick recovery expected in B.C., West Fraser said its fortunes are looking brighter in the U.S. south that it started expanding into 15 years ago in the height of B.C.’s mountain pine beetle outbreak. The region now accounts for over 70 per cent of its lumber production.“Going forward, we expect a less disruptive half across many of our businesses, particularly in the U.S. south,” said Ferris.last_img read more

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Kylian Mbappe and his PSG team-mates react hilariously to Halloween prank

first_img REVEALED RANKED Premier League Team of the Season so far, including Liverpool and Leicester stars Latest Football Stories Kylian Mbappe was one of a number of PSG players to get spooked. ADVICE To celebrate All Hallows Eve, PSG took it upon themselves to prank their top stars and showcase the incredible array of frightened faces they produced so we could all get a good laugh.Moussa Diaby, Timothy Weah and Christopher Nkunku got one of the biggest scares, along with ex-Arsenal and Chelsea star Lassana Diarra in a creepy pumpkin lair. Forbes list reveals how much Mayweather, Ronaldo and Messi earned this decade Which teams do the best on Boxing Day in the Premier League era? MONEY REPLY BEST OF Top nine Premier League free transfers of the decade Manager Thomas Tuchel was too terrified to even attempt the task and while Mbappe thought he’d got out of his go, he then got surprised elsewhere on camera with brilliant results.If only their Ligue 1 rivals could scare them as much!center_img Berahino hits back at b******t Johnson criticism – ‘I was in a dark place at Stoke’ Every time Ally McCoist lost it on air in 2019, including funny XI reactions huge blow REVEALED Ronaldo warned Lukaku how hard scoring goals in Serie A would be before Inter move Oxlade-Chamberlain suffers another setback as Klopp confirms serious injury Son ban confirmed as Tottenham fail with appeal to overturn red card A huge Kylian Mbappe scare is not normally the kind of thing Paris Saint-Germain fans want to see – but this time it’s hilarious and for Halloween.It’s the spookiest time of year and while the France ace is used to goals, it’s a dead cert he’s petrified of ghouls. Where Ancelotti ranks with every Premier League boss for trophies won 1 shining no dice last_img read more

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Selfish Genes Turn Cooperative

first_imgNature1 has reported evidence that transposons help to regulate gene expression.  Transposons are genetic material that insert themselves into the DNA of a host, and were thought to represent “selfish genes” that only had their own propagation in mind, “without regard for the consequences.”  Some new studies on the L1 retrotransposon, which makes up about 17% of the human genome (mainly within non-coding introns), have shown, however, that they may do us some good.    The studies “suggest that the insertion of L1 elements into introns can also diminish cellular gene expression in a graded fashion,” the News and Views piece says.  “In the words of Han, Szak and Boeke, such L1 insertions provide a ‘molecular rheostat’ with which to govern gene activity � and their bioinformatics analysis establishes that the mechanism is widely used.”  (For more on the molecular rheostat concept, see 01/10/2003 headline).  If the transposons were truly selfish, “responding individually to darwinian natural selection” “without regard for the consequences,” it has “long been a mystery” what keeps them “at bay.”  If the new studies “unveil a major control mechanism,” part of the solution may be to recognize synergy instead of selfishness.1Frederic Bushman, “Gene regulation: Selfish elements make a mark,” Nature 429, 253 – 255 (20 May 2004); doi:10.1038/429253b.How can a gene be selfish?  A gene has no concept of self.  It couldn’t care if it propagated itself or not.  The myth of selfish genes is a misleading anthropomorphism.  Only people are selfish.    On the other hand, genes are not altruistic, either.  The metaphors of rheostats, regulators and molecular machines imply intelligent design and programming.  That is not an anthropomorphism, because machines are not personal.  Consequently, one doesn’t have to demonstrate anything about the designer to see the evidence that a product was designed.  But observing that the design works so well (i.e., your senses are working as you read this thanks to the regulation provided by transposons), it wouldn’t hurt to ponder the subject a little.(Visited 6 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

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I Built a Website. Now How Do I Get Clients?

first_img“I started a website. How do I get clients?” That’s the full content of an email I received from a self-described entrepreneur.Drucker said, “The purpose of a business is to create a customer.” He also said that the core functions of a business are innovation and marketing. Innovating is about creating new, different, and greater value. Marketing is about acquiring the customers who want, need, and will benefit from the value you create.Right now, it is en vogue to don the moniker of “Entrepreneur,” especially in the technology space. Even more prestigious is the title “Serial Entrepreneur,” even without the track record of success necessary to make the title appropriate for one’s LinkedIn profile.An idea doesn’t make you an entrepreneur. Almost everyone you know has a good idea, some of them potentially good ideas for a business. A good idea by itself is worthless. In fact, some really great ideas don’t make a good business.A website, a business card, and a pitch deck don’t make you an entrepreneur either. The website can provide the appearance of legitimacy, as can a business card. A pitch deck can share your vision of what the business might become in the future, and the projections might show your certain smooth path to the legendary “Unicorn” status. But none of these things will make you an entrepreneur.The only thing you really need to become an entrepreneur is a customer. Until you have a customer, you don’t have a business. Until you have someone paying you to create some value for them, you are not an entrepreneur. The idea, the website, the business cards, the pitch deck, and even the seed capital don’t make your idea into a business.We need more entrepreneurs. More people should start their own business, even if it’s their side hustle. The most important thing you need to succeed in an entrepreneurial endeavor is a plan to acquire customers and the ability to execute on that plan. Until you have that, nothing else matters much.last_img read more

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25 days agoSolskjaer has Man Utd scouts watching Maddison

first_imgSolskjaer has Man Utd scouts watching Maddisonby Paul Vegas25 days agoSend to a friendShare the loveManchester United boss Ole Gunnar Solskjaer is determined to prise James Maddison away from Leicester City.The Norwegian has asked his scouts to keep tabs on Maddison, according to the London Evening Standard.The Foxes star has started this season just as well as last season, and Solskjaer is keen on adding Maddison to his United roster.But, if United are to sign the England international, it is highly unlikely to happen in January, with next summer the target.Maddison signed for the Foxes from Norwich City in July 2018 for £23million.He’s featured in six of Leicester’s Premier League matches this season, recording two assists. TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

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4 days agoHolland coach Ronald Koeman has big club clause

first_imgTagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say Holland coach Ronald Koeman has big club clauseby Carlos Volcano5 days agoSend to a friendShare the loveHolland coach Ronald Koeman has a clause in his contract that would release him to take over at Barcelona.The sporting director of the Dutch Football Federation (KNVB), Nico-Jan Hoogma, revealed in an interview with Fox Sports that Koeman has a clause in his contract that would enable teams to hire him after the conclusion of the 2020 European Championship, assuming they pay a fee.”Agreements were reached in this regard [for Koeman to leave], but [teams] would have to pay to do so,” Hoogma explained, without stating how much it would cost to terminate Koeman’s contract.However, Hoogma did state that he hopes that Koeman will see out his contract in charge of the Oranje, which includes the 2022 World Cup in Qatar.”The success of the Dutch national team can help him, but I hope we finish this process and work together until the World Cup in Qatar,” he noted.”I hope we can work together for a long time because I think it’s going very well.” last_img read more

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Predicting College Football’s Next 9 National Champions

first_imgClemson's Deshaun Watson celebrates winning the national titleTAMPA, FL – JANUARY 09: Quarterback Deshaun Watson #4 of the Clemson Tigers celebrates with the College Football Playoff National Championship Trophy after defeating the Alabama Crimson Tide 35-31 to win the 2017 College Football Playoff National Championship Game at Raymond James Stadium on January 9, 2017 in Tampa, Florida. (Photo by Kevin C. Cox/Getty Images)Who’s going to win college football’s national championship this upcoming season? What about in 2017? 2018? 2019? Etc.  Nick Saban AlabamaWill Saban win another one?We’re attempting to figure that out. We’re predicting the next nine national champions in college football. Using logic and some very creatively imagined scenarios, we’ve predicted who’s going to win it all until 2024. Surely, you won’t disagree with most of them (maybe any of them) but it’s a fun read. Here they are. Start With: 2016, Clemson >>>Pages: Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10last_img read more

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Zeaborn Completes RickmersLinie Acquisition

first_imgzoom Rickmers-Line, a company of Bremen-based shipping company Zeaborn Group, took over business operations of compatriot liner services specialist Rickmers-Linie on April 1.The takeover, which was announced on February 9 and received clearance from antitrust authorities on March 7, also includes the entire operating business of Rickmers’ subsidiaries, MCC Marine Consulting & Contracting, a bunker and chartering broker, and NPC Projects, which offers a heavy lift tramp service.“The change will have no impact on the former Rickmers-Linie’s workforce, routes and tonnage under long-term charter. All Rickmers-Linie offices remain in place as do NPC subsidiary offices. Rickmers-Line will conduct business on behalf of the carrier company RZ Carrier,” Rickmers-Line said in a statement.Coinciding with the closing of the acquisition, Zeaborn has acquired Rickmers Hamburg, a multipurpose (MPP) heavy lift vessel, from its previous owners.The vessel will operate for RZ Carrier under the brand of Rickmers-Line and after a docking in Asia will rejoin the Pearl String Liner Service of Rickmers-Line at the end of May 2017, according to Rickmers-Line. The parties have agreed not to disclose the purchase price.The 30,000 dwt Rickmers Hamburg was built at China’s Jinling Shipyard Jiangsu in 2002 and has since operated in the Pearl String Liner Service.last_img read more

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Indianas big 3 dooms Ohio State mens basketball

It was clear who Indiana’s top three players were in its victory against Ohio State. The trio of Victor Oladipo, Cody Zeller and Christian Watford each scored more than 20 points (they combined for 70) to out-score the entire Buckeye team and fuel the top-ranked Hoosiers to an 81-68 victory Sunday at the Schottenstein Center. It was also clear who OSU’s best player was. Deshaun Thomas, as he has most of the season, led the Buckeyes in scoring with 26 points. But after Thomas, there appears to be a void as to who the Buckeyes can rely on a night-to-night basis offensively and, as Indiana showed, three scorers are better than one. “You’re not going to win too many games with three guys scoring over 20,” said junior guard Aaron Craft. Craft has emphasized all season the importance of winning at home, especially in conference play. The top-five teams in the Big Ten standings are separated by two games or less, and have lost a combined three home conference games. Indiana (21-3, 9-2) and OSU (17-6, 7-4) saw firsthand earlier in the week the challenges of winning on the road. OSU lost in overtime to No. 3 Michigan on Tuesday, and Indiana lost at the buzzer to unranked Illinois two days later. Zeller, a preseason All-American sophomore center, only shot six times in that loss, something the Hoosiers were ardent on improving against the Buckeyes. The Hoosiers fed their 7-footer early and often as he scored the game’s first bucket, had 12 points at halftime and finished with 24. “We really needed to get the ball in the paint,” said Indiana coach Tom Crean. “It was very important that the ball hit the paint because our statistics, when they hit the paint, are very high percentage-wise. We did the best job all of (our Big Ten games) of feeding the post today.” Perhaps more important, Zeller drew two early fouls on sophomore center Amir Williams, forcing him out of the game. Three Buckeye big men tried their luck against Zeller, but the three Buckeyes combined for five fouls in the first half and 10 for the game. Williams finished with four fouls, and senior forward Evan Ravenel fouled out. “Sometimes the refs are going to call it tight, sometimes the refs aren’t,” Ravenel said. “You can’t worry about it.” Indiana’s best option offensively was Oladipo, who matched Thomas’ effort with 26 points of his own on 8 of 10 shooting. In the first half’s waning minutes, the junior guard converted back-to-back acrobatic buckets, the last of which cam when he grabbed a loose ball, sprinted down the lane and finished with a high-flying, two-handed slam to give Indiana an eight-point advantage. Oladipo also grabbed eight rebounds and dished three assists. The Buckeyes took their first lead, 13-11, when Thomas connected on a 3-pointer from the wing, eliciting a roar from the sold-out crowd at the Schottenstein Center – some of which had been camping out in anticipation of the game since Wednesday. But Indiana, supported in part by two first-half 3-pointers from Watford, took a 41-33 lead into the locker room. Watford, a senior, hit four long balls on the day and finished with 20 points. Three free throws from Thomas drew OSU within four early in the second half, but as was the case for most of the game, Indiana answered with a run of its own as Oladipo sunk a 3-pointer at the 15:32 mark to extend the lead back to nine. The Buckeyes never got closer than seven for the rest of the game. “We’d make a run and they’d make a 5-0 run back at us and kept their composure,” Craft said. OSU coach Thad Matta agreed. “We couldn’t gain that momentum,” Matta said. “Unfortunately we didn’t guard them at the level we needed to guard them.” Indiana shot 59 percent in the second half and 53 percent for the game. OSU shot 42 percent. Thomas was the only Buckeye in double figures until below the 3:30 mark in the second half. Craft finished with 16 points and sophomore forward LaQuinton Ross added 11. The loss marks the end of a difficult week for OSU and broke the Buckeyes’ streak of 121 consecutive games without consecutive losses. Between Michigan and Indiana, the Buckeyes played two of the top three teams in the nation during a six-day span. “Typical week in our conference,” Craft said. “We got a few games left and every one of them is going to be a dog fight just like these were.” The Buckeyes play Northwestern Thursday at the Schottenstein Center at 7 p.m. and the Buckeyes like their chances for the rest of the season. “I feel as though we have the ability and the team and the personnel to beat those guys any day of the week going forward,” Ravenel said. read more

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Wolves urged to complete Raul Jimenez signing

first_imgBenfica on-loan striker Raul Jimenez has been vital to Wolves’ impressive start to life back in the Premier League and the club has been urged to complete his signing.Nuno Espirito Santo told Birmingham Mail on Saturday:“This is what he’s (Jimenez has) been doing since the beginning of the season. He has high standards and works hard. Sometimes he scores and sometimes he doesn’t score.”“The shape has changed a little bit so it requires different tasks from the two players who play up front, and he does those things.”Premier LeaguePremier League Betting: Match-day 5 Stuart Heath – September 14, 2019 Going into the Premier League’s match-day five with a gap already beginning to form at the top of the league. We will take a…Jimenez recently added:“Here in Wolverhampton I had the opportunity to play more minutes, to have more activity, I think I’m in a great moment of my career.”“It was what I had been looking for, this continuity, and now that I have it I am taking advantage of the opportunity, giving 100 percent of me in every training, in every match, so as not to lose the confidence that the coaches give me and the whole team.”last_img read more

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