Narco-trafficking accused escapes from Police lock-ups

first_imgPolice in E Division (Linden-Kwakwani) are on the hunt for a 24-year-old Half Mile, Linden, Region 10 man, who escaped from custody on Wednesday morning.Guyana Times understands that about 10:30h on Wednesday, ranks attached to the Divisional Headquarters at the Mackenzie Police Station, acting on information received, went to the ‘Four Corner’, Half Mile area at Wismar, Linden where they arrested the man, who was allegedly in possession of a quantity of leaves, seeds, and stems suspected to be cannabis sativa.Following the arrest, he was escorted to the Mackenzie Police Station. It was while being processed to be charged at the office of the Criminal Investigations Department (CID) that he reportedly jumped through the office window and scaled the fence, making good his escape.Following the escape, there was a heavy Police presence in the Linden community, as ranks combed several areas in search of the escapee.Divisional Commander Linden Lord assured that stringent efforts were being made to recapture the suspect, so he could be processed for court.last_img read more

Adventurer spreads his nets wide

first_imgHolgate in one of his two Land Rovers,which he has named after the porters whocarried David Livingstone’s body for 1 000kilometres to the sea.(Image: Landyonline) During the Africa Outside Edge expedition,Holgate and his team will distribute onemillion insecticide-impregnated malarianets as part of the One Net One Lifecampaign.(Image: Cameo CorporateCommunications) The expedition had an initial convoy of347 Land Rovers – verified by Guinnessas the longest-ever escort of ahumanitarian convoy.(Image: Land Rover South Africa) Holgate handing out the nets to children ata school for the deaf in Conakry, Guinea.(Image: Cameo CorporateCommunications)Janine ErasmusThe Zulu people call South African explorer Kingsley Holgate Nondwayisa uya Shinga, or African lily trotter, a bird that wades the continent’s rivers on long, spindly legs. The name suits Holgate: both for his physical appearance, and for the number of rivers he has crossed in expeditions across the globe.In the tradition of early explorers of Africa such as David Livingstone and Frederick Courtney Selous, Holgate, always accompanied by his wife and son, has travelled the continent from top to bottom, unlocking much of its mystique for the rest of the world.The family are seasoned adventurers, over the years having journeyed from Cape to Cairo along Africa’s major waterways, circumnavigated the continent’s great Lake Victoria, and trekked around the world along the Tropic of Capricorn.But it’s not only about the adventure. In all his trips Holgate takes with him weapons in the fight of malaria, a disease that kills a million people a year. During his latest adventure, the Africa Outside Edge expedition, he and his team are distributing a million mosquito nets impregnated with insecticide to vulnerable women and children.Africa Outside Edge will see Holgate and his entourage travelling around the edge of the continent in Land Rovers and inflatable boats, starting and ending in Cape Town. This circumnavigation has been achieved only once before, by fellow South African Rian Manser – on a bicycle.The expedition left Cape Town on 27 April 2007, and is currently in Sudan in North Africa. It plans to arrive in Mombasa, Kenya, on Africa Malaria Day, 25 April 2008, where teams of volunteers driving up Africa’s east coast will meet the adventurers.One net, one lifePersonal experience has made malaria Holgate’s mission: he and his family have battled the disease more than 60 times, and he knows how difficult it is for people in remote areas to get treatment.“In the mangrove swamps of the Rufiji delta, where malaria is their single biggest problem, fisherman paddle for days by dugout to get to the nearest clinic,” he says in his book Africa – In the Footsteps of the Great Explorers.“With the help of the World Health Organisation we use our expedition Land Rovers as mobile clinics to distribute educational material, anti-malarial products and insecticide-impregnated nets.” In his One Net One Life campaign, Holgate hands over the nets personally to ensure they reach the people for whom they are intended.In Africa, malaria is the most common cause of death of children under the age of five. A child dies of the disease every 30 seconds and those who survive are often left with brain damage. Expectant mothers are also vulnerable because of the increased volume of blood produced during pregnancy.Africa Outside Edge also has other social responsibility components: Right to Sight, which gives people access to eye doctors and reading glasses, and Teaching on the Edge, which provides educational and literacy material to schools.That’s a lot of baggage, but luckily the expedition had an initial convoy of 347 Land Rovers – verified by Guinness as the longest-ever escort of a humanitarian convoy. Holgate is also carrying a Scroll of Peace and Goodwill through 33 African countries, collecting signatures as he goes. South Africa’s former president Nelson Mandela and Archbishop Emeritus Desmond Tutu, both Nobel peace laureates, have signed the scroll.Added to the baggage is a calabash containing seawater from the Cape of Good Hope. On their first major expedition in 1993, the family carried a calabash covered with Zulu beadwork and filled with Cape Point seawater which was emptied into the Mediterranean where the Nile joins the sea. The calabash has since become a talisman of all the expeditions and is filled at the beginning and emptied at the end of each journey.An old-style adventurerHolgate attributes his love of exploration to his missionary father, who regaled his three sons with stories of Scottish adventurer David Livingstone’s journeys. During school holidays the elder Holgate would pile the family into the car and journey up to Zambia and the Belgian Congo, today’s Democratic Republic of the Congo.Holgate’s first expedition, in 1993, took him and his family from Cape to Cairo along Africa’s major waterways, using inflatable boats and four-wheel drive vehicles as back-ups. Holgate always travels with his son Ross, who takes care of the vehicles and logistics, and wife Jill, also known as Mashozi (“she who wears shorts”), who does, she says, basically anything.That epic trip, registered with the Royal Geographical Society as a world first, is documented in his first book, Cape to Cairo. Holgate is a fellow of the society and has also worked closely with National Geographic to capture his adventures on film. His exploits have since become familiar viewing on that channel.The adventures are almost too numerous to count. Holgate has circumnavigated Lake Victoria, Africa’s largest lake, followed in the footsteps of David Livingstone from his birthplace in Blantyre to retracing the last few days of his life in Zambia, and visited the grave of Frederick Selous, one of his heroes. This, says the adventurer, was an emotional moment. In honour of Selous a little of the Cape Point water in the calabash was poured over the headstone.Holgate’s major sponsors are Land Rover SA and Captain Morgan Jamaica rum – which he says are both practical necessities for survival on his trips. These include the African Rainbow expedition of 2006; the Rufiji expedition of 2004, which followed the explorations of Selous; the Great Explorers expedition following David Livingstone; and the 2001 Capricorn adventure that saw the adventurer and his family circumnavigating the world along the Tropic of Capricorn.The Tropic of Capricorn is the major line of latitude in the southern hemisphere. At the height of South African summer, it is the most southerly point where the sun can appear directly overhead at noon.“Initially it was just going to be Africa,” Holgate says of the expedition, “but the old atlas plays tricks on you. Before long Africa became South America, South America became Australia, and Australia became Madagascar.”He travels in two Land Rovers – named Chuma and Susi after the two porters who in 1873 risked their lives to carry David Livingstone’s salt-preserved body over 1 000 miles, from deep in Zambia to the port of Bagamoyo, Tanzania. Here the British were able to retrieve it for burial in the UK.Holgate has published three books with Struik publishers: Africa – In the Footsteps of the Great Explorers; Capricorn: Following the Invisible Line; and Cape to Cairo.Africa Outside Edge is scheduled to end at the Cape of Good Hope on 28 and 29 June 2008. Its many sponsors include not only Land Rover SA and Captain Morgan, but also Rotary, Nando’s , British Airways, Nedbank, Gemini inflatables, Yamaha outboard engines, Garmin GPS devices, Motorola, and Danish company Vestergaard-Frandsen which produces the PermaNet insecticide-impregnated textile that the malaria nets are made from.Malaria is preventable and treatableMalaria is a blood-borne disease that is caused by a parasite transmitted by certain mosquito species from person to person. Symptoms appear about nine to 14 days after the bite and include fever, headache, vomiting and other flu-like symptoms. The infection can be treated but if left untreated can result in coma, severe life-threatening anaemia, and death. There are about 350- to 500-million infections and more than one million deaths worldwide every year.Malaria is preventable but experts agree that a comprehensive approach is required. This includes providing effective antenatal care for women, insecticide-treated bed nets, using insecticide spray on the inside walls of houses and in mosquito breeding areas, making it easier to get an accurate diagnosis and treatment thereafter. They key to the success of this strategy is education.But it is not only individuals that are severely affected. Malaria causes children to miss school, is a deterrent to foreign investment, and tourism is negatively affected. Annual economic loss in Africa is estimated at $12-billion.According to the World Health Organisation up to 124-million people in Africa live in areas at risk of seasonal epidemic malaria, and many more in areas outside Africa where transmission is less intense. The organisation also says that up to 30% of malaria deaths in Africa occur in the wake of war, local violence or other emergencies. Malaria deaths often far exceed those caused by the original conflict or problem.Useful linksKingsley HolgateKingsley Holgate FoundationLand Rover South AfricaLand Rover South Africa’s social support programmeCaptain MorganOne Net One LifeMalaria No MoreWorld Health Organisation global malaria programmeRotaryGrindrod’s Kingsley Holgate diariesKingsley Holgate blogRoyal Geographic SocietyNational GeographicStruiklast_img read more

Hedge account confusion

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed IngredientsThe first look at the ’18/’19 USDA supply and demand estimates are out.Corn yields are predicted to be 174. If this happens, U.S. carryout would be reduced from the current 2.1 billion to 1.6 billion next year, a 20% decrease. World carryout predictions were also reduced by nearly 20% as well. Both seem to be a long term potential positive for the corn market.Unfortunately the market didn’t react well to the bullish news. Some in the trade were suggesting that large carryout in U.S. and world wheat stocks were just too bearish and that those projections pulled corn down. Still, a weather scare over the next 60 days could shift the course for corn prices, because there is little weather premium in the market. However, if national yields approach 177+, a rally will be unlikely and prices could eventually fall well below $4 for Dec corn futures.Beans also had a little bullish news, as world carryout dropped 6% and U.S. carryout is predicted to decrease 20%. Still, tariff and export pacing uncertainty continues. As in corn, weather issues will be the biggest factor over the next 90 days. Hedge accountsI’m frequently asked how the gains and losses are reflected in my hedge account when I detail out my trades. Hedge accounts can be overwhelming to farmers when they first use them. I was confused the first time I saw how it was done. At first it can be unclear how all the different types of transactions will show up in a hedge account and how profits and losses will be displayed. For example some farmers may not realize that they need to account for the cash price of the check they receive from the end user.That’s why I don’t use my hedge account line items and summaries to determine the value of my corn. Instead, I prefer using spreadsheets where I track all of my trade detail to determine my final prices for the corn I sell. Doing it this way allows me to better understand how market carry, basis, futures and options affected my overall price position.The following illustrates my point. Below I show a summary of my current corn position broken out by futures, carry, basis and options. I then detail out how it would have shown up in my hedge account. Then I show the math of how one can use the hedge account summary to still get to a final cash price. Walking through the tradesI always start with my original sold futures price, the spread or market carry I collected, any premiums received from options trades and the basis value I sold to determine my final cash price.Following is my current 2017 corn positions (52% sold futures position) that I shared last week:Current Position$3.57 – Futures$0.05 – Average Market Carry From Dec to May futures$0.09 – Market Carry premium from May to July futures$0.64 – Options Premium$4.35 – Equivalent value against July Futures-$.42 – Basis verses the July futures picked up on the farm$3.93 – Final Cash Price picked up on the farmBasis history — I set my basis on 50% of my ’17 crop back in March to be picked up on my farm in June/July for -.42. When I set the basis with an end user I give them cash grain in June/July and they give me futures, July in this case, so both of our positions remain equal in our respective accounts.Side note: This is a very common transaction and how most big grain companies sell grain to one another. Instead of exchanging futures with an end user, I could have just bought my futures position back in the July contract. However, doing it this way assures that I won’t have any price risk between when I call the end user to price the grain and when I call my broker to buy the futures back. Either way of doing the trade will cost me the same amount in commissions. Dates and summaries of the above trades in my hedge account3/5/18 — I set my basis on 50% of my ’17 crop to be picked up on my farm in June/July for -42 cents. As stated above, when I exchanged futures with the end user, they gave me July futures at $3.93 (the July futures value on 3/5) because I was giving them cash grain. This means the end user will write me a check for $3.51 ($3.93 + (-.42) cents basis) after the grain has been picked up off my farm. My hedge account after the exchange showed that I was long July futures at $3.93.4/20/18 — Some of my options got exercised. I also had some sales already on from previous trades that were already short May futures at $3.57 futures + 5 cents of Market Carry from previous futures months that were eventually rolled to May futures. My account will show that I’m short May futures for $3.62.**The actual value in my account might have been a different value to get to that point, but I would have incurred a profit or loss in past trades up to this point that would have made the value of corn in my account this level.4/24/18 — I rolled my May position to July and collected 9 cents of market carry profit. That was done by buying the May futures back at $3.79 and selling July at $3.88. That transaction means that I’m buying my short May futures back and selling July futures. Because I was long July futures from the basis trade those contracts are offset and disappear from my hedge account as well as the May futures. How my hedge account looked after each trade3/5 — Exchanged futures with end user, causes long July futures at $3.934/20 — Options were exercised against the May, caused short May futures at $3.624/24 — Bought back May futures to collect carry, caused long May futures at $3.794/24 — Sold July futures to collect market carry, caused short July futures at $3.88 Hedge accounts aren’t always nice and neatAfter the 4/24 market carry trades, both my May and July positions disappeared from my account and it looked like the following losses happened:May futures that had been sold for $3.62 were bought back for $3.79 = 17 cent lossJuly futures which were given to me when I set my basis for $3.93 were sold for $3.88 = 5 cent lossThose two trades combined are a 22-cent loss that must be subtracted from my final cash price I’ll get from the end user in July. That means the value of my grain is worth $3.29 ($3.51cash price – .22 hedge loss). However, as I mention above in my positions, I still have 64 cents of options premium that I’ve collected in my hedge account along the way. I now need to add that value to the $3.29 price and it makes my true cash value for my grain $3.93.As you can see, by doing the long version of the math in the hedge account, the final results are the same, but it was more confusing getting there than the preferred way I showed above. Common hedge account confusion: Example market carryOne of the most common mistakes I see farmers make when they start doing their own hedging is that they get lost in the math and forget where or why the position is what it is. Following is an example of that.Let’s say a farmer sold some corn for $4 last July. Then in November they rolled their futures forward to March to capture carry. On 11/29/17 when Dec corn was $3.36 and Mar was $3.50, a farmer would receive 14 cents of carry premium. In this example a farmer has actually sold corn for $4.14 against March — the $4 original sale plus the 14 cents of carry.But two months later in January, panic sets in when the farmer is reviewing their hedge account statement and sees a sale of $3.50. How can this be? They never would sold at such a low level. They may think, “I must have made a mistake.”The farmer didn’t make a mistake, they just forgot that they bought back their $4 Dec future sale at $3.36 in late November and then sold March futures for $3.50 to collect carry. They made the right trade all along and profited from the carry, they just needed to add that profit in the hedge account to their current position. So, a $4 sale bought back at $3.36 is a profit of 64 cents. If they take their current position of $3.50 sale against the March and add that 64 cents of profit from the Dec trade in their account they arrive at $4.14 ($3.50 + .64)While capturing carry is relatively simple and low risk, it can trip up farmers when they review their hedge accounts in the future. The only thing that matters with carry is the spread level between the two months. The actual price of the two months doesn’t matter. Gains or losses from carry/spread trades don’t show up as a line item anywhere on the hedge statements. A farmer must keep detailed notes, otherwise it may be easy to forget these kind of details when reviewing trades or positions several months later. The importance of keeping detailed recordsI never open a hedge account statement and assume I know what my cash corn value is by looking at the values listed. Instead, I start with a very detailed spreadsheet that shows every trade I make with the following details:DatePriceWhat futures contractWhat % of productionWhich crop year it’s hedged forWhy I made the trade.Then when I roll my futures forward to collect carry, I enter each of those trades separately on their own line. That way I can see how much profit I made from carry/storage. I also detail out every basis trade so I can determine my final cash price.Finally I keep track of every options trade I make throughout the year, just like I do with futures. All profits and losses from options must be add (or subtracted) to determine my final cash price. Make the right trades and the math will work outMy top priority is making the right trades for my farm operation. I don’t worry if I have a positive or negative trade in my hedge account. My hedge account doesn’t always show the full story because it doesn’t include the cash price I get from the end users. Instead, I keep detailed notes of all my trade independently to ensure profitability and minimize risk.This process may sound complicated or overwhelming to some, but it’s necessary and gets easier with practice. I also suggest running the math on every equation at least two or three times to make sure you have accounted for everything. You may also consider finding someone knowledgeable in grain marketing to help you navigate your position and check your math as well. Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at jon@superiorfeed.com.last_img read more

Usain Bolt may play in Australia’s T20 Big Bash League

first_imgAfter conquering the tracks, the fastest man on earth, Usain Bolt, now wants to register a win on the cricket field. The 25-year-old might be seen playing cricket in the Australia’s Twenty-20 Big Bash League in the coming season. Former Australian captain Shane Warne has been leading a campaign to get Bolt to cricket. Bolt recently revealed that Warne had contacted him about playing in the Big Bash League for the Melbourne Stars. The Jamaican, who is an avid cricketer, describes himself as an all-rounder. He told an Australian TV channel that Warne was in touch with him and he was trying to work out if he could find time from his busy schedule to play cricket. Warne has started a social media campaign to get Bolt to his Melbourne team. Warne tweeted that the negotiations were on in full swing and that Bolt would be a great addition for the team in the T20 league. “Cats out the bag, we’ve spoken. Olympic legend @usainbolt would like to have a crack at 20/20 for the Melb stars 2012 Please retweet guys,” Warne posted on micro-blogging site Twitter. Bolt has a long history with cricket. He had started off as a cricketer in his junior days before switching to athletics. Bolt, who is a huge cricket fan, had told Headlines Today that Sachin Tendulkar and Mahendra Singh Dhoni were his favourite cricketers.last_img read more

Yamaha R3 launched for Rs 3.25 lakh

first_imgYamaha India have launched its much-anticipated sports bike Yamaha R3 for Rs 3.25 lakh (ex showroom Delhi) on Tuesday at Buddh International Circuit, Greater Noida.Yamaha YZF R3, based on the Yamaha YZF R25 model, comes with 2-cylinder, liquid-cooled, 4-stroke, DOHC, 4-valves engine churning out a total power output of 42PS and a maximum torque of 29.6 Nm and is mated to a six-speed transmission, with a top speed of 180 km/hr.The Yamaha YZF-R3 has received positive response in the International market from both consumers and critics. The new R3 looks very similar to the R25, but there are visual changes made to the new R3 to give it a slightly different appeal. The Yamaha YZF-R3 will have the same body panel like the R25 model with diamond type frame.Yamaha Brand Ambassador John Abraham at the launch of Yamaha R3 at the Buddh International Circuit Moreover, the new Yamaha YZF-R3 will come with dual headlamps, stubby silencer, 10-spoke alloy wheels, digital analogue console and a sharp tail. Yamaha is also providing ABS breaking system to all the Yamaha YZF-R3 bikes. Moreover, the suspension of the R3 are done by KYB telescopic fork in the front and mono-shock at the rear end of the bike.The new Yamaha YZF R3 has a fuel capacity of 14-litres and kerb weight of 169kg, with a ground clearance of 160mm. The new 321cc Yamaha YZF R3 will compete against the Benelli TNT 300, Honda CBR250R and Kawasaki Ninja 300 in India and will be exported to India through CKD kit.advertisementThe new Yamaha YZF-R3 will come in two color options- Race Blu and Midnight Black.last_img read more