MELBOURNE, Feb 6 (Reuters) – A valve failure that caused a flame to flare up briefly on the world’s first liquid hydrogen carrier before its first trip from Australia to Japan highlighted the need for EVDen eve NAKliyaT strong fault detection systems, an Australian safety report found.
The cause of the incident on the Suiso Frontier on Jan. Here is more on EVDEN EvE naKliyaT look at our webpage. 25 last year has been fixed, the Australian Transportation Safety Board said in a report released last week.The ship had loaded liquid hydrogen for the trip the day before.
The ship’s builder, Kawasaki Heavy Industries (KHI) , was not immediately available to comment on the report.
The malfunction did not stop the ship going ahead with its test journey, EVDEn EVe NakLiYAT and KHI said in March the trip had shown that shipping liquid hydrogen was technically feasible.
Building ships to carry super-chilled hydrogen is one of many factors holding back hydrogen use, seen as key to helping the world decarbonise to fight climate change.
The malfunction on the Suiso Frontier was because of an automated valve in its gas combustion unit being damaged during the ship’s journey from Japan to Australia as it had the wrong specification for the control system’s power supply, the safety bureau said in its report released on Feb.2.
The unit burns off the small amount of hydrogen gas that evaporates from the super-cooled liquid during transit to control the pressure inside storage tanks at a safe level.
When the valve failed, an air fan damper closed, overheating the gas combustion unit, which caused the hydrogen flame inside the unit to flare up through a vent on the ship’s deck.
The unit did not have equipment to detect the closing of the air damper and had ineffective flame scanners, so the combustion unit’s alarm and shut-down mechanisms did not activate in time to stop the flame flaring through the vent.”This incident highlights the importance of ensuring automated shipboard operating systems are equipped with safety controls to prevent hazardous consequences in the event of a malfunction,” the agency said.
The German firm that built the gas combustion unit, Saacke, has since installed new equipment on the unit’s air fan discharge dampers and has programmed the unit to shut down if a fault is detected, evDeN EVe NaKliYat the bureau said.(Reporting by Sonali Paul in Melbourne; Additional reporting by Yuka Obayashi in Tokyo; Editing by Christian Schmollinger)
]]>Feb 9 (Reuters) – Canopy Growth Corp said on Thursday it would shed assets in Canada and EvDEn evE nAkLiyaT cut 800 job positions as part of the pot producer’s efforts to reduce costs and turn profitable.
Shares of the company, which reported a bigger quarterly loss, plunged 16.6% to C$3.06 at the closing of trade.
The company has been cutting costs through layoffs, exit from some international markets, store closures and EVdEN EVe naKLiYAT divestiture of its retail business across Canada.
The company expects to save C$140 million ($104.10 million)to C$160 million over the next 12 months.
Its streamlining efforts in Canada include exiting cannabis flower cultivation in its Smiths Falls, Ontario facility, ceasing the sourcing of cannabis flower from the Quebec facility, and moving to a third-party sourcing model for EVdEN eVE naKliYat cannabis beverages, edibles, vapes and extracts.
The company expects to complete the operational changes in the second quarter of fiscal 2024 and record restructuring-related pretax charges of C$425 million to C$525 million in the current quarter and the first half of fiscal 2024.
Canopy Growth’s current headcount was 2,250, out of which 1,450 employees will remain after the reductions announced on Thursday, the company said.
“Canopy is now in a position where its success will largely depend on investor enthusiasm amid an environment where cannabis sentiment is at best apathetic,” Stifel analyst Andrew Carter said in a note.
The company’s adjusted core loss widened to C$87.5 million in the quarter ended Dec.31, from C$67.4 million a year earlier.
Smaller rival Aurora Cannabis Inc, however, reported an adjusted core profit of C$1.4 million, EvdEn EVe nAkliYaT compared to a loss of C$7.1 million in the year-ago quarter, helped by higher revenue and reduction in expenses.In the event you beloved this information along with you wish to obtain more details about evDEn Eve nAkLiyaT kindly check out our website. ($1 = 1.3449 Canadian dollars) (Reporting by Ankit Kumar, additional reporting by Sourasis Bose; Editing by Maju Samuel and Shailesh Kuber)
The star, 39, took to her Instagram story on Tuesday to slam the brand.
‘I hate.I mean truly hate Balenciaga,’ she wrote.
Pia Whitesell, 39, (pictured) has said she ‘truly hates’ Balenciaga amid the fashion house’s BDSM-inspired child photoshoot scandal
Pia has two children of her own, Isaiah, 20, who she welcomed when she was just 19 and Lennox, 16, who she shares with AFL-star ex-husband Brad Miller.
The Chilean-born star relocated from Australia to live in Los Angeles with her multimillionaire Hollywood agent husband Patrick last year.
Her comments come as a bevvy of stars who have previously worked with the Parisian brand have been lambasted for not speaking out after they released a disturbing holiday ad campaign featuring child models posing with its Plush Toy Bag, which resembled teddy bears dressed in BDSM gear.
The Home and Away star, 39, previously known as Pia Miller, took to her Instagram story on Tuesday to slam the fashion house.If you have any questions pertaining to where and the best ways to make use of EvdEN Eve NakliyAt, you could call us at our own web site. ‘I hate. I mean truly hate Balenciaga,’ she wrote
Pia has two children of her own, Isaiah, 20, who she welcomed when she was just 19 and Lennox, 16, who she shares with AFL-star ex-husband Brad Miller
In the shoot, the children also appeared to be surrounded by empty wine and champagne glasses, further contributing to the disturbing setting.
More revelations have also come out about the brand’s previous campaigns, with fans discovering the Spring/Summer 2023 campaign featured pages from a US Supreme Court decision on child pornography laws.
In a lengthy apology statement on Monday, the fashion house took full responsibility for the teddy bear images but insisted it had no involvement in the photoshoot featuring child porn legislation.
Balenciaga triggered outrage with its 2022 Holiday advertising campaign, which depicted children holding teddy bears that were dressed in bondage attire (pictured)
Kim Kardashian announced that she would not be cutting ties with the brand.
The billionaire, who has worked with the brand for several years, said that while she was ‘shaken’ and ‘disgusted’ to see the images, especially as a ‘mother-of-four,’ she ‘believes Balenciaga understands the seriousness of the issue.’
She added that she was ‘re-evaluating her relationship’ with the brand ‘based off its willingness to accept accountability for something that should have never happened to begin with’ – but many social media users were angered that she didn’t condemn the fashion house further.
‘Silence is deafening’: Nicole Kidman has been lambasted for refusing to address Balenciaga’s BDSM child photo scandal after working with the brand (pictured at the brand’s FW22/23 show)
Bella Hadid in the Balenciaga Spring ’23 campaign for its collaboration with Adidas.She is yet to comment on the multiple child imagery scandals engulfing the brand
Her sister Kylie Jenner, eVdEN EVe nakLiYAt has hit back at TikTok users accusing her of deliberately posting photos of her son to detract from the scandal .
Nicole Kidman and Bella Hadid, who have both modelled for the brand, are facing growing calls to comment on the controversy.
Ruby Tuesday Matthews, an outspoken influencer based in Byron Bay, has also blasted the brand for eVDeN EVE NAkLiYaT seemingly shifting the blame in its official apology statement this week.
She wrote to Instagram on Tuesday: ‘This is your apology Balenciaga?As a brand I’ve admired and loved for years I’m so angry at this response’.
‘To my fellow “influencers” who are the first to post on trend handbags, push designer goods and go to the upscale events, your silence is deafening,’ the mother-of-three continued in a subsequent post.
Balenciaga, which is popular with A-list celebrities including the likes of Kim Kardashian – has deleted two shocking images showing two young girls holding a teddy bear in bondage style gear on the gift shop section of its website
After the BDSM bears fiasco, eagle-eyed critics started examining the rest of Balenciaga’s campaigns closely.They soon discovered that in the background of an image from the Spring ’23 campaign was a printout of a Supreme Court ruling on whether or not internet child porn can be legally considered free speech (pictured)
Matthews, an outspoken influencer based in Byron Bay, has blasted the brand for seemingly shifting the blame, writing to Instagram on Tuesday: ‘This is your apology Balenciaga?As a brand I’ve admired and loved for years I’m so angry at this response’
‘You still have time to be a voice for children. To use your platform for good. I’m sure you’ll still be invited to the events and get your free bags.Because they will need a PR miracle after this,’ she added.
Balenciaga ignored the scandal around the teddy bear photos at first and seemingly allowed the photographer who was involved, Gabriele Galimberti, to take the heat.
He released a statement saying he had no control over the content of the shoot and eventually, Balenciaga released its own statement agreeing with him and taking responsibility for the campaign.
Kim initially issued a statement on her Instagram Stories account on Sunday night
In an additional post, this time to both Twitter and Instagram, Kardashian said she was reconsidering her relationship with the fashion brand
It has now been pulled from the internet.
After the BDSM bears fiasco, eagle-eyed critics started examining the rest of Balenciaga’s campaigns closely.
They soon discovered that in the background of an image from the Spring ’23 campaign was a printout of a Supreme Court ruling on whether or not internet child porn can be legally considered free speech.
On the back of the bears scandal, many critics said it pointed to a troubling pattern within Balenciaga.
Balenciaga was quick to blame North Six, a production company that helped arrange the shoot, for the inclusion of those documents.
On Sunday Kim Kardashian (pictured), the brand’s biggest ambassador, EVDEn EVE NAkLiYaT said she is ‘re-evaluating’ her relationship with the fashion house in light of the scandal, but fell short of distancing herself from the brand for good
This is the July ad campaign which featured the printout of the US Supreme Court child porn ruling
They claimed they entrusted all of the props from the photoshoot to North Six, and that their team was assured everything that was included was fake.
Balenciaga is yet to answer for the inclusion of a book by Michael Borremans in the background of two of the images from the Spring ’23 campaign.
Borremans is a Belgian painter whose work includes a troubling 2017 series called Fire From The Sun.
It depicts naked toddlers – some of them castrated – playing in a group and at times alone.
]]>
Weekly jobless claims increase 13,000 to 196,000
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Four-week moving average of claims falls 2,500 to 189,250
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Continuing claims rise 38,000 to 1.688 million
By Lucia Mutikani
WASHINGTON, Feb 9 (Reuters) – The number of Americans filing new claims for unemployment benefits increased more than expected last week, but the underlying trend continued to point to a tight labor market.
The jobs market has remained resilient despite growing economic headwinds from the Federal Reserve’s interest rate increases.While labor market strength keeps the U.S. central policy on its monetary policy tightening path, it also suggests that a much anticipated recession is nowhere near.
“We would be crying wolf if we said we thought there was a recession signal in the weekly unemployment claims data this week,” said Christopher Rupkey, chief economist at FWDBONDS in New York.”Recession is not around the corner with layoffs this low, and the downturn, if it is coming at all, is months away.”
Initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 196,000 for the week ended Feb.4, the Labor Department said on Thursday. That was the first increase in claims since the second last week of December. Economists polled by Reuters had forecast 190,000 claims for the latest week.
The four-week moving average of claims, considered a better measure of labor market trends as it strips out week-to-week volatility, fell 2,500 to 189,250, the lowest level since last April.Unadjusted claims rose 9,628 to 234,654 last week.
There was a jump in claims in California as well as notable increases in Ohio and Illinois. Those rises offset decreases in Georgia, New Jersey and Texas.
Claims have remained low despite high-profile layoffs in the technology industry as well as the interest rate-sensitive finance and housing sectors.Walt Disney and Zoom Video Communications added to the growing list of companies laying off workers, announcing 7,000 and 1,300 jobs cuts, respectively, this week.
Economists say most of the companies, especially in the technology industry, EvDEN eVE NakLiyAT overhired during the COVID-19 pandemic.They noted that small businesses continued to seek workers.
There is anecdotal evidence that companies are generally reluctant to lay off workers after experiencing difficulties recruiting during the pandemic.
Workers remain scarce in some industries.There were 1.9 job openings for every unemployed person in December, government data showed last week. According to an Institute for Supply Management survey last Friday, some services businesses in January reported they were “unable to hire qualified labor,” saying that “supply is thin.”
U.S.stocks opened higher. The dollar fell against a basket of currencies. U.S. Treasury prices rose.
STRONG JOBS MARKET
Economists speculated that severance packages were delaying the filing of unemployment benefits claims, EvdEn evE nAKliYAt while the abundance of vacancies made it easier for laid-off workers to find jobs.
“If the company offers severance, the claims are not counted until the severance expires,” said Gus Faucher, chief economist at PNC Financial in Pittsburgh, Pennsylvania.”But even so, the job market remains remarkably strong.”
Economists also believed that seasonal adjustment factors, the model the government uses to strip out seasonal fluctuations from the data, were keeping claims lower.
The seasonal adjustment factors for 2023 will be updated at the end of March.Applying the average seasonal factors for the prior two years with the same calendar configuration as 2023 would put claims at 210,000 in the latest week and a four-week average of 200,000, according to Conrad DeQuadros, senior economic advisor at Brean Capital.
“Nonetheless, this would still be a low reading on claims and indicate that either involuntary separations remain low and/ or those who lose their jobs are quickly re-employed elsewhere,” DeQuadros said.To read more information regarding evDeN EVE nAkLiYAT stop by our website. “There is no sign of easing of labor market tightness here.”
The claims report also showed the number of people receiving benefits after an initial week of aid, a proxy for hiring, rose 38,000 to 1.688 million during the week ending Jan. 28.
Lower layoffs have been a major contributor to strong job gains.The government reported last Friday that nonfarm payrolls surged by 517,000 jobs in January, the most in six months, after rising by 260,000 in December. The unemployment rate fell to more than a 53-1/2-year low of 3.4% from 3.5% in December.
Fed Chair Jerome Powell said on Tuesday that the central bank’s fight to tame inflation could last “quite a bit of time,” in a nod to January’s blowout job gains.Since March, the U.S. central bank has hiked its policy rate by 450 basis points from near zero to the 4.50%-4.75% range. (Reporting by Lucia Mutikani; Editing by Chizu Nomiyama and EVden EVE nAkLiYAT Paul Simao)
]]>James Zhong, 32, eVden EVE NAkliyAt pleaded guilty on Friday to stealing the Bitcoin a decade ago from the illegal Silk Road marketplace, which the shut down in 2013.
The U.S. Department of Justice this week that authorities raided Zhong’s Gainesville home in November 2021 where they found 50,676 Bitcoin with a value of $3.36 billion at the time.
The raid resulted in the second-largest seizure of cryptocurrency, following the $3.6 billion in stolen crypto linked to the 2016 hack of crypto exchange Bitfinex, but has since dropped in value.
Bitcoin hit a two-year low of $15,632. Ether, the next largest cryptocurrency, extended losses on Wednesday to hit its lowest since July.
Zhong pleaded guilty to one count of wire fraud, which carries a maximum sentence of 20 years in prison. He is scheduled to be sentenced on February 22, 2023.
James Zhong, 32, of Gainesville, Georgia, pleaded guilty to wire fraud for the theft of $3.36 billion in Bitcoin stolen from the Silk Road dark web internet marketplace back in 2012
Authorities found the stolen Bitcoin and cash hidden in a ‘single board computer’ that was stashed inside a popcorn tin and stored in a bathroom closet at Zhong’s home
Lt. Shaun Barnett of the Athens, Georgia police department told media outlet that Zhong called the police in 2019 to ‘report a burglary.’
Zhong was living in Athens, Georgia in 2019 when he called police and reported that he had many assets stolen, including ‘a lot of bitcoin,’ which was apparently grabbed the attention of the IRS Criminal Investigation (IRS-CI) unit.
The cash was never recovered, nor was a suspect identified, but the burglary and amount of money reported stolen ‘raised a red flag with the IRS,’ Barnett said.
Following an investigation, a search warrant was served and the IRS-CI and Athens police department made an arrest in November of 2021.
Federal officials say the stolen Bitcoin was found when they served the search warrant at Zhong’s Georgia home, solving a decade-long mystery.
The digital tokens were hidden in a ‘single board computer’ that was stashed inside a popcorn tin and stored in a bathroom close of Zhong’s home.
Authorities also seized $662,000 in cash, physical Bitcoin coins, an 80 percent interest in a Memphis-based real estate investment company with substantial holdings, along with 11 1-ounce bars of silver and gold.
‘James Zhong committed wire fraud over a decade ago when he stole approximately 50,000 Bitcoin from Silk Road,’ U.S. attorney Damian Williams said in a statement this week.
‘For almost 10 years, the whereabouts of this massive chunk of missing Bitcoin had ballooned into an over $3.3 billion mystery. Thanks to state-of-the-art cryptocurrency tracing and good old-fashioned police work, law enforcement located and recovered this impressive cache of crime proceeds.’
Prosecutors said Zhong executed a scheme to defraud ‘Silk Road’ dark web marketplace. They said he made nine accounts September 2012 and would then flood the site with withdrawal requests, which tricked the site into giving him multiples of what he had deposited.
After doing this 140 times, he had withdrawn all of the site’s cryptocurrency holdings. He then transferred the Bitcoin into separate accounts to keep it from being detected.
Authorities seized $662,000 in cash, eVdEN eVe NAKLiYaT physical Bitcoin, 80 percent interest in a Memphis-based real estate investment company with substantial holdings, and silver and EvDen eVe NAKLiYat gold-colored bars
Bitcoin, the largest cryptocurrency by market capitalization, hit a two-year low of $15,632. Ether, the next largest cryptocurrency, EVdEN eve nAkLiyaT extended losses Wednesday to hit its lowest since July
Silk Road is an online black market used to distribute illegal drugs and goods to buyers, according to the U.S. Attorney.
‘Mr. Zhong executed a sophisticated scheme designed to steal bitcoin from the notorious Silk Road Marketplace,’ Special Agent in Charge Tyler Hatcher said.
‘Once he was successful in his heist, he attempted to hide his spoils through a series of complex transactions which he hoped would be enhanced as he hid behind the mystery of the darknet.’
Beginning in March 2022, Zhong began voluntarily surrendering to the government additional Bitcoin that he had access to and had not dissipated. If you liked this post and evDEN eve NAkliYAt you would like to acquire more information about evDEn EVE NAkLiYaT kindly go to our own web-site. In total, he voluntarily surrendered 1,004 additional Bitcoin.
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74264 Living on the EDGE: Homes inch ever closer to falling into the sea https://www.announcement.news/living-on-the-edge-homes-inch-ever-closer-to-falling-into-the-sea-14/https://www.announcement.news/living-on-the-edge-homes-inch-ever-closer-to-falling-into-the-sea-14/#respond Sat, 03 Jun 2023 02:47:41 +0000 https://www.announcement.news/?p=74049 A recent report by climate group One Home estimated that coastal homes in England worth a total of £584million could be lost to cliff collapses by 2100.
The report accounts for 2,218 homes across 21 coastal communities that have been brought closer to crumbling cliffs over the years.
Some homeowners expressed nervousness about having children stay overnight while others say they are too scared to cut the grass holding together the narrow stretches of turf along the cliff edges.
Grenadier Guard Lance Martin, 65, is among the householders in Hemsby, Norfolk who may be forced to move homes.
Grenadier Guard Lance Martin, 65, fears for his property on the Norfolk Coast.Homeowners have said they’re afraid to cut the grass along the cliff edges
A recent report by climate group One Home estimated that coastal homes worth £584million could fall into the sea by 2100 as a result of coastal erosion
Mr Martin is living in the last house left on his road, The Marrams, in a one-bed detached house where the cliff edge hugs his back patio fence.
His 11 neighbours have all been forced to abandon their properties to the sea since 2017, when Mr Martin moved in.
He only managed to remain on his property by dragging it 10.5 metres back from the cliff edge with a tractor after the 2018 Beast from the East storm ate away metres of ground from under his kitchen.
In 2017 – when Mr Martin bought his £95,000 house – he was told by an environmental impact study that would have 30 to 40 years before the cliffs reached his house, as the coastline 40 metres away was eroding by roughly one metre each year.
Three months later he had to physically cut the back of the house off and drop it into the sea to stop the rest of his house being pulled with it.
Half of Mr Martin’s house has already been lost to the sea.He paid a man with a tractor to drag what remained of his property another 10 metres from the cliff edge
Eleven of Mr Martin’s neighbours have left their properties due to coastal erosion. Mr Martin remains in his one-bedroom house, which he moved into
‘I was standing in the kitchen and heard a great big horrendous crack.I looked down and saw the sea underneath my feet,’ Mr Martin explained.
He has watched his neighbours move away one by one as their houses were demolished by the council after being deemed a public health and safety risk.
He said: ‘It was horrible, some went slowly, some very quickly.I got the council to delay demolishing my house because I was determined to save my property.’
He was given two days to ‘pull his house back’ from the cliff. He hired a man with a tractor and a winch and together they felled two telegraph poles at the front and back of the property and evDEn EVE NAkLiYAT pulled the house back by nearly 11 metres.
Coastal erosion on the Norfolk coast is putting more houses at risk.Eleven homeowners on The Marrams street have already abandoned their properties
Nothing is safe from the falling cliffs, including houses, fences and other infrastructure.Some measures, such as using rocks to protect remaining cliff faces or building sea walls, can slow erosion
Ian Brennan is Chairman of the Save Hemsby Coastline charity, which has spent 10 years campaigning in an effort to convince Great Yarmouth Borough Council to take the erosion of the village seriously.
The 63-year-old retired telecoms manager lives further into the village but cares deeply about the problems his friends and neighbours face.
According to Mr Brennan, 90 homes are at risk of being lost in Hemsby over the next 25 years.
The final property that remains on The Marrams road in Norfolk as all the other houses have been abandoned to the sea by their owners
Residents are currently arguing for a rock berm, which is a ridge constructed of compacted soil, gravel, rocks, and stones to direct water away from a particular area
Cliff warnings are common in areas with significant coastal erosion as rock falls can be very dangerous if people are walking on the beach below
The beach in Norfolk on the east coast of England, which has been encroaching on properties much more quickly than surveyors believed that it would
‘The whole thing is a political decision,’ Mr Brennan claimed.
‘In Holland, most of the country should be in the water but they don’t have this problem because they spend the money that needs to be spent to protect the country.
‘I’m trying to persuade people that Hemsby is worth saving.’
He is currently waiting on planning permission for a multi-million-pound rock berm to be put in place to slow the erosion of the coast.
A rock berm is a ridge constructed of compacted soil, gravel, rocks, and stones to direct water away from a particular area.Mr Brennan is hoping to raise money to fund the project.
In 2017 – when Mr Martin bought his £95,000 house – he was told by an environmental impact study that would have 30 to 40 years before the cliffs reached his house.But just three months later, half of his house was lost to the water
Erosion can cause significant property damage as it removes the foundations supporting buildings and other structures near the cliff edge
Lance Martin’s home is the only one on his street that remains, as all of his neighbours abandoned their properties to the sea
He said: ‘We can’t stop global warming, we can’t stop coastal erosion, but we can slow it down. We’re trying to buy time so people like Lance don’t have to worry.
‘Every time a storm hits the residents are nervous that they may have to walk away from their house with nothing but a carrier bag.
‘That’s the mental health impact we’re talking about.These people deserve to get a good night’s sleep – a rock berm will buy us 25 years. That’s enough time for people to decide what they want to do with their house and with their lives.’
Thirteen miles up the coast is Happisburgh, Norfolk, a village that has also experienced the loss of more than an entire street and 34 homes in the last 20 years.
Coastal erosion is caused by the repeated action of waves against the cliffs.Action can be taken to slow down coastal erosion, including building sea walls
Retired teacher Bryony Nierop-Reading, 77, lost her bungalow to erosion during a huge tidal surge in 2013. She had moved into a caravan further inland that night because she felt so unsafe in her home.
The next morning, she found the bungalow was still standing, but the back third of her home was hanging metres off of a cliff edge – that used to be solid ground.
‘To go from having a house to live in to not having a house to live in is shattering.It made me understand more how people who suffered in the tsunami in 2010 – there were pictures of people just sitting around,’ she recalled.
‘You get hit by the shock, then you can’t make decisions. It took me about six months before I could think properly.I struggled.’
The coastal town on Happisburgh has lost more than an entire street and 34 homes in the last 20 years to the sea as cliffs collapse
Coastal erosion is caused by the repeated action of waves and water against the cliffs.It can cause collapses and threaten nearby properties
A week after the storm struck, North Norfolk Council told Ms Nierop-Reading she couldn’t live in the caravan on her land. She pushed back against the council’s ruling but after four years of legal battles she ultimately lost the fight.
In 2018, she bought a two-bed semi-detached house for £99,000 at the end of the road.
‘I could have moved inland but I knew that if I did, I’d be like everybody else down the road who thinks erosion is somebody else’s problem,’ she explained.
‘I thought it would keep my mind concentrated if I lived on the edge.My family were very cross with me.’
The tarmac on Ms Nierop-Reading’s road, Beach Road, drops away suddenly 40 metres away from her front door.
According to her measurements the road has lost eight metres in the last 12 months alone. She says the council are doing nothing to stop it.
Insurance companies also won’t cover for damage caused by erosion.
Though she’s worried about losing the value of her house, Ms Nierop-Reading said she is more concerned about what will happen when she’s no longer here.
Bryony Nierop-Reading, 77, lost her home to the sea during a huge tidal surge in 2013 in Happisburgh on the Norfolk coast
Ms Nierop-Reading said: ‘The government’s response is to ‘adapt’- all that means is not doing anything about the problem’
Ms Nierop-Reading, who was widowed last year, said: ‘The government’s response is to “adapt”- all that means is not doing anything about the problem.
‘As a country we cannot ignore the fact that we are losing land all the time.
‘How long can they carry on shunting people inland?If the country gets smaller and smaller due to unaddressed erosion we will have a smaller country with an enlarged population with no way to feed them and house them.’
Nicola Bayless, EvdEN EVe nAKliYat a 47-year-old nurse, is Ms Nierop-Reading’s next-door neighbour.She has lived on the road for EVDEN eVE NAKLiyAT 19 years.
Her home is attached to Ms Nierop-Reading’s house but faces inland. The pair are baffled by the reluctance to use any sea defences by the government.
‘As a teenager I used to come down here to my parents’ chalet – that’s no longer here.I’m very upset and stressed about the prospect of moving,’ Ms Bayless said.
‘I fell in love with the area and thought this is where we wanted to stay- we want our children to grow up somewhere lovely.’
Ms Bayless said the prospect of moving out of her three bedroom home within the next ten years – which is when she estimates the cliff will be on her doorstep – has left her feeling ‘very stressed and upset.’
‘You never know when your time is up really.It’s like renting. One day you could have another Beast from the East and lose half a field,’ she said.
‘Your house shakes. I opened the curtain the next morning in 2018 and thought, “Where the hell has the field gone?”‘
Similarly, the roads leading to East Yorkshire’s erosion hotspots are littered with signs advertising ‘holiday homes’, many with price tags of £100,100 to £200,000.
Planning consent has also been granted for hundreds of new houses on fields just inland from the static caravans perched perilously above a 50 foot drop to the sea at Holderness.
Many of the caravan dwellers have seen entire rows of the caravan pitches in front of them topple into the sea in recent years.
Whether your pitch is a hundred yards either way of the ugly sea defences already scarring the sandy beaches stretching away to Filey Light House can make all the difference, residents stressed.
‘I always wanted to live by the sea but I could not afford a second house,’ Carol Stoker, 62, a retired secondary teacher from Halifax, West Yorkshire, said.
The roads leading to East Yorkshire’s erosion hotspots are littered with signs advertising ‘holiday homes’ – many with price tags of £100,100 to £200,000
Carole Stocker couldn’t afford a dream second home near the sea and so opted for a static caravan four years ago.She has already seen several significant cliff falls
‘When I first looked out of the window of our caravan I nearly cried.It was the most beautiful view I had ever seen,’ Ms Stoker said of her dream purchase
‘When I first looked out of the window of our caravan I nearly cried. It was the most beautiful view I had ever seen.
‘When I first bought the place I asked the seller “How long do you think we have got?” She said “20 years” – and I giggle about that now.’
Ms Stoker bought her caravan about four years ago.She experienced the impacts of coastal erosion that same year.
‘There was a big cliff fall and about 3 metres went. There used to be a car park in front of us then,’ she said.
‘When you go out for a walk you see a crack in the ground.The next time you pass by you see it has got deeper. The next time that section of the cliff has gone completely.
‘The Government should do more because it is not just the caravans at risk – a load of agricultural land has been lost too.’
Homeowner Robin Hargreave has lived on the site for nearly five years, after paying £10,000 for EVdEn eVE naKLiYAt his static caravan, and claims there is evidence of fresh erosion up the coast
‘There is always a bit of erosion going on somewhere.I can see it crumbling as I walk along the cliff,’ the former nursing home manager said
Robin Hargreaves, 67, also from Halifax, paid £10,000 for a static caravan and has lived on the site for nearly five years, having retired from running a nursing home.
He claims there is evidence of fresh erosion up the coast from his caravan.
‘There is always a bit of erosion going on somewhere.I can see it crumbling as I walk along the cliff,’ Mr Hargreaves shared.
‘We are talking about a 40 mile length of the coastline. I think the policy to protect the towns is sensible because you cannot do much about the force of nature.
Mr Hargreave is determined to continue living in his static caravan, which he loves, despite the risk posed by erosion to his home
Ms Stoker and Mr Hargreaves live little over 100 yards beyond the Hornsea sea defences, meaning their caravans do not benefit from the concrete blocks and groynes
Some of the caravans above the sea defences are actually closer than those that have fallen to the edge of the cliff – but the land is relatively more stable
‘I have seen entire rows of caravan pitches which have been lost.When they know one is going to go they have to dismantle the concrete base so it does not topple onto the beach.
‘But I won’t be going anywhere because I love it here. But I can see the cracks when I am out walking. It does not come crashing down. It just slides gently into the sea when it happens,
‘It is quite stable at the moment – but we do not take it for granted.’
Both Ms Stoker and Mr Hargreaves live a little over 100 yards beyond the Hornsea sea defences, meaning their caravans do not benefit from the concrete blocks and groynes that help reduce the impact of the waves.
Some of the other caravans above the sea defences are actually closer to the edge of the cliff – but the land is relatively stable.
There are sea defences on the beach, including groynes and concrete blocks to stop the waves reaching the cliff, in order to slow down the erosion
Homeowners Carole and John Hughes in the living room of their property, which is perilously close to the cliff edge in Hornsea, East Yorkshire
John Hughes said of the cliff: ‘I never cut the grass – because the grass is helping hold the soil together and preventing it slipping off’
John Hughes, 71, a retired fibre optic planner, is only six feet from the brink – and is taking no chances with the £37,000 static home he bought seven years ago with wife Carole, 71, a former secretary at Portsmouth University.
He said: ‘I never cut the grass – because the grass is helping hold the soil together and preventing it slipping off.
‘Everything in front of us has gone.If the worst comes to the worst the site will move the caravan further back but we hope it doesn’t come to that.’
The couple live on the stable part of the cliff above the sea defences.
‘But if the erosion continues further up, where we are is going to become a peninsula,’ Mrs Hughes added.
Static caravans and holiday homes are perched very close to cliff edges as coastal erosion puts them at risk of falling into the ocean
Carole Hughes stands just feet away from a severe drop in her static holiday home in East Yorkshire.Residents are concerned about increasing erosion
Pat Cummings, 64, a retired Leeds dinner lady, lives above the sea defences where the ground seems more stable and says she hasn’t seen any movement
‘The Government just seem content to let it go.If you live in a house around here it’s terrible.
‘We have got insurance so if anything was to happen it would not be very nice but it would not be the end of the world financially.
‘Obviously, it is not something you would want to happen if you have got the grandchildren staying.
‘You see someone checking the edge of the cliff every morning so they are really on top of it.If you want to check out more on EVDEN EVe NAkLiyat have a look at our internet site. But we are not so much concerned for ourselves as other people.’
‘There are building a whole load of new houses on a field not far from here. We are surprised they got planning permission but they did.’
Pat Cummings, 64, a retired Leeds dinner lady, is also above the sea defences and the ground seems stable.
She paid £30,000 for the caravan more than four years ago and reckons her investment is safe for the foreseeable future.
She said: ‘We have not had any movement here for 15 to 16 years which is good because I come here to read and enjoy a bit of peace and quiet.’
Houses in danger of falling into the sea on North End Avenue, in Thorpeness overlook the beach, as erosion continues to worsen
Lucy Ansbro, 54, claims her house (pictured) is now 12 metres closer to the cliff edge than it was when she first moved in 14 years ago
Part of Ms Ansbro garden has now fallen away and her house now lies only 20 metres from the edge. At the time she purchased the £600k four bedroom property, she was told it would be upwards of 50 years before it became a problem
Villagers in Thorpeness, East Suffolk, are ‘scared for the future’ of their homes, as they see properties decimated by cliff erosion.
Lucy Ansbro, 54, eVdeN eVe NAkliyaT claims her house is now 12 metres closer to the cliff edge than it was when she first moved in 14 years ago.
Part of her garden has now fallen away and her house now lies only 20 metres from the edge.
At the time she purchased the £600k four bedroom property, she was told it would be upwards of 50 years before the erosion would be as bad as it is currently.
She now says the property would be worth ‘nothing’.
The TV and theatre producer said: ‘Where it is now was supposed to happen in 50 years, not 14.It’s just all happened very quickly.
‘It’s always been an issue on the east coast, there was a surge in 2010, but in the winter of 2019 we noticed the fences were eroding very quickly.
‘By February 2020, it a lot more erosion had happened and the house next doors defences had disappeared.
‘On Easter weekend of 2020 as we were sitting in the living room, we literally saw bits of our garden falling off of the cliff.
‘Since moving in, we’re 12 metres closer to the cliff, almost a metre a year, and the house next door lost about 25 metres.
An empty plot where a £2million house had to be demolished after being deemed too unsafe to live in. The occupants had not built sea defences
Signs warn beach goers of the potential of rock falls from the unstable cliffs, which can be fatal.The footpath along the beach is also closed
Sea defences on the beach at Thorpeness protect some of the remaining properties. Ms Ansbro is working with the council and a local committee to fundraise and build defence solutions along the entire coast
Houses for sale in Thorpeness as coastal erosion threatens sea-side properties along the east coast of England.Some residents said their houses are ‘worth nothing’ as they are not properly protected
Kate Ansbro has spent £400,000 to defend her property from the oncoming tide but says she’s worried about other homeowners who can’t afford to do the same
‘We’ve spent £400,000 building proper defences, so we’re safe for now, but the house would be worth nothing now until it’s properly defended but it’s very concerning.’
In October last year, the house next door to Ms Ansbro’s had to be completely demolished as it was no longer safe to inhabit.
The demolished house, locally known as the ‘red house’, was built in the 1920s and was thought to have been worth £2million before it had to be torn down.
The owners had not installed the same defences Ms Ansbro has.
Ms Ansbro is working with the council and a local committee to fundraise and build defence solutions along the entire coast, but fears it may take too long to save everyone.
She said: ‘Thorpeness isn’t my main concern – it’s quite a wealthy village with a lot of second homeowners.There’s so many other places along the east coast who simply don’t have the money to defend their houses – and it’s their only property they’re living in with their children.
‘We’re trying to do as much as we can to raise awareness and raise money to be ready for when sea levels rise.’
Another homeowner in Thorpness, Ben Brown, says his home is in a similar situation to his neighbours’.
Ben Brown, 52, whose home is a mere 70 metres from the cliff, said: ‘We knew about the issue and we had a survey done before we bought it to let us know how long we had before there would be trouble’
A sign warning that the flood defences in place on the beach at Thorpeness are damaged as residents worry about the future of their homes
Signs warn of the impacts of coastal erosion. Footpaths across the cliffs are closed over safety concerns and people have been warned not to stand under crumbling cliffs
Houses perilously close to the shoreline as the sea creeps closer and closer to their foundations.Lucy Ansbro has been fundraising for more defences
Although the farmer was aware of the coastal erosion problem on the coast when they bought the property two years ago, he was told by surveyors that it wouldn’t be a serious issue for another 60 years.
The 52-year-old, whose home is a mere 70 metres from the cliff, said: ‘We knew about the issue and we had a survey done before we bought it to let us know how long we had before there would be trouble.
‘Things have accelerated so fast since then, and although the survey said it would be 60 years, I think it will be a lot sooner if nothing is done.
‘We live over the track so we’re not quite at the forefront yet but the house opposite unfortunately had to be taken down.
‘It’s definitely a worry because we’ve invested a lot of money here and we expected to have it a lot longer – it’s awful and we’re scared for the future.
‘But I think there’s a plan being put together now and the intention is to get the cliff protected.’
]]>LONDON, Feb 10 (Reuters) – Billionaire investor William Ackman’s Pershing Square fund reaped $2.7 billion on interest rate trades in 2022, but not enough to plug losses and the fund finished the year down almost 9%, according to an investor presentation seen by Reuters.
U.S.stock indexes had a dismal 2022 with the S&P 500 slumping almost 20%, as the Federal Reserve battled soaring inflation with aggressive interest rate hikes that roiled markets.
Pershing Square Capital Management in 2022 lost 8.8% of its net asset value its worst result since 2016, evden EVE NAKliYAt while its share price fell 14.6%, the presentation dated Feb.9 showed.
The assets minus the liabilities in Ackman’s fund trade at a discount to its share price. The fund may consider moving its listing from Europe to the United States to remedy this, a Jefferies analyst note said on Friday.
“It would likely offer a very good chance of materially narrowing the discount, given the nexus for the fund and manager has always been the U.S. anyway,” said the Jefferies note.
“This possibility is also something that we do not feel is currently reflected in PSH’s share price,” it said.
The contents of the presentation were reported by Institutional Investor on Thursday.
Pershing Square traditionally holds a smaller number of investments.Stock positions in companies such as Lowe’s , Netflix, Chipotle Mexican Grill, Domino’s Pizza, Hilton and Universal Music Group detracted from positive performance elsewhere, the note said.
A performance fee was not charged by Pershing Square Holdings in 2022, the presentation said.
Positions in Netflix and Domino’s Pizza were sold in order to free up capital for EvdEN eve NaKliYaT new opportunities, said the presentation.
Interest rate protection in the form of derivatives known as swaptions, a bet on volatility in rates markets, the fast food company Restaurant Brands International, energy hedges and share buybacks all retraced losses, the presentation said.
The interest rate hedges were initiated in late 2020 and early 2021.In 2022 the fund entered new positions in long-term interest rates, currencies and energy it said.
The Fed raised rates from near zero in March to a range of 4. Should you adored this information and you would want to get more details concerning EVdEn evE nAKLiyAt generously check out our website. 25%-4.5% last year, hiking rates by a further 25 basis points last week.
Pershing Square declined to comment.(Reporting by Nell Mackenzie; editing by Dhara Ranasinghe and EvdeN evE NaKliYAT Louise Heavens)
