1,000 cleantech solution companies sought by international label

first_img RELATED ARTICLESMORE FROM AUTHOR Generation In South Africa, GreenCape entered into a collaboration with the Foundation through the International Cleantech Network (ICN), to support its mission of selecting 1,000 clean and profitable solutions, which contribute to protecting the environment. From our archive: Michael Gera discusses the trends, technological advancements and future of global renewable energy technologies. GreenCape is the South African contact point to assist local cleantech companies to apply to join the Solar Impulse Foundation 1,000 Efficient Solutions Label portfolio. The Foundation was initiated by the Swiss explorer and psychiatrist Bertrand Piccard following his round-the-world solar flight. Low carbon, solar future could increase jobs in the future – SAPVIA Companies with innovative cleantech solutions seeking increased competitiveness and global network expansion, especially after being constrained by the COVID-19 pandemic, are encouraged to apply for the #1000Solutions label. Solutions are categorised according to the five following United Nations Sustainable Development Goals: Through this ICN collaboration, the Solar Impulse Foundation and GreenCape share a common goal to support the development and implementation at scale of clean technologies, and encourage decision-makers around the world to adopt impact-oriented environmental regulations and energy policies. AFD and Eskom commit to a competitive electricity sector Labelled solutions undergo a rigorous assessment based on a verified methodology and against several criteria performed by external independent experts. Sign up for the ESI Africa newsletter The Solar Impulse Foundation has launched a bold challenge: to find, select and promote 1,000 cleantech solutions that have both positive economic and environmental impacts on the world. Feasibility (credibility or design and scalability)Environment (environmental benefits)Profitability (clients’ economic incentive and seller’s profitability) Featured image: Stock Applications can be done directly via the Solar Impulse Foundation website (Please reference International Cleantech Network) – https://solarimpulse.com/efficient-solutions. TAGSclean powerGreenCapeInnovationsmart citieswater and sanitation Previous articleIRENA signs partnership to promote sustainable finance in UAENext articleCommon PQ issues: Voltage dips and swells Nicolette Pombo-van ZylAs the Editor of ESI Africa, my passion is on sustainability and placing African countries on the international stage. I take a keen interest in the trends shaping the power & water utility market along with the projects and local innovations making headline news. Watch my short weekly video on our YouTube channel ESIAfricaTV and speak with me on what has your attention. …shed light on existing solutions that are both clean and profitable… One of the first to envision ecology through the lens of profitability Piccard aims to show the economic opportunities of clean technologies. The Solar Impulse Efficient Solution Label is designed to shed light on existing solutions that are both clean and profitable and have a positive impact on the quality of life. BRICS SDG 6 Clean Water and SanitationSDG 7 Affordable and Clean EnergySDG 9 Industry Innovation and InfrastructureSDG 11 Sustainable Cities and CommunitiesSDG 12 Responsible Consumption and Production Assessing solutions Identifying cleantech solutions Jarrod Lyons, the investment promotion officer at GreenCape, is the local Solution Scouter. Companies that are interested to find out more can get in touch at jarrod[at]greencape.co.za. better access to market,more appeal to financial investors,support in advocacy work,feedback from industry experts,more credibility andgreater global visibility. The Solar Impulse Foundation aims to help the cleantech innovators behind the efficient solutions in order to accelerate their companies’ success. Once the solutions are labelled, the Solar Impulse Foundation provides support on six specific levels, on an international scale: Solutions are assessed from a technical and financial standpoint, and in accordance with the following criteria: Read more:Urbanisation is remaking AfricaWifi-enabled solar street lights stimulate SA’s smart city ambitions Once labelled, solutions join the #1000Solutions portfolio and access exclusive benefits, such as events, business and investment opportunities, and communication support. GreenCape, a member of the ICN, supports the Solar Impulse Foundation’s mission by encouraging cleantech companies in its local ecosystem to submit their solutions to the Solar Impulse Efficient Solution Label. Finance and Policy UNDP China, CCIEE launch report to facilitate low-carbon developmentlast_img read more

Canada’s Tom Dvorak Finishes Fourth Individually at Pan Am Games

first_imgRio de Janeiro, Brazil – Tom Dvorak of Hillsburgh, ON, finished fourth in the Individual Dressage competition held Wednesday at the XV Pan American Games. He was edged out of bronze medal position by the smallest of margins, 0.05%, by Yvonne Losos de Muñiz of the Dominican Republic riding the 11-year-old Hannoverian stallion, Bernstein Las Marismas.Dvorak had a higher score than Losos de Muñiz in the final round of competition, the FEI Intermediaire Musical Freestyle, but the combined results of Monday’s Intermediaire I test and Wednesday’s Freestyle gave the Dominican rider her second consecutive Individual Pan American Bronze medal. The Gold Medal went to Christopher Hickey of the United States who won both phases of the individual competition on the 11-year-old Dutch Warmblood gelding, Regent. Hickey’s teammate, Lauren Sammis, claimed Silver with the eight-year-old Dutch Warmblood gelding, Sagacious HF.In the Intermediaire Freestyle, riders are required to show the same technical elements as in the Intermediaire I test but arranged to choreography of the riders’ design and set to music, making it the most spectator-friendly phase of dressage competition. Dvorak’s program with Beaumarchais, a 13-year-old Hannoverian gelding owned by Susan Holden, featured the theme from Peter Gunn for the trot work, and 1950’s rock and roll music for the canter tour. The choreography highlighted Beaumarchais’ flying changes every second stride, a movement several of the top horses had difficulty with in the Freestyle. Dvorak received his highest score of the competition in the Freestyle test, 71.00%, for third place behind the gold and silver medalists. When combined with his 67.90% from Monday’s Intermediaire I test, the resulting average score of 69.45% was not quite enough to put him on the podium.“I was really happy with my horse,” said Dvorak, 41. “My ride was mistake free, and my horse really pulled through for me.”All three members of the Canadian Dressage Team were among the top 15 athletes who qualified to compete in Wednesday’s Individual Final. Andrea Bresee, 32, of Brockville, ON, had her best performance of the week on Raffles, owned by Gina Smith and Faith Berghuis. A score of 69.40% placed Bresee fifth in the Freestyle and moved her up from ninth position to finish seventh overall.“She was a little bit tired today, but she stayed more relaxed in the ring,” noted Bresee of the 13-year-old Swedish Warmblood mare. “And even though she was tired, she tried really hard, especially in the extended trots.”Diane Creech of Caistor Centre, ON, performed to a brand new musical program riding Wiona, a 10-year-old Hannoverian mare owned by Doug and Louise Leatherdale.“The music was a little unfamiliar, but Wiona liked the music and I did too,” said Creech, 44, whose score of 67.55% left her in eighth, both in the freestyle and overall.The Canadian Dressage Team returns to Canada with newly gained international experience as well as the Team Silver Medal claimed on Sunday. The traveling reserve, Karen Pavicic of Richmond, BC, riding Lionheart, was also presented with a Team Silver Medal.Equestrian competition continues on Friday, July 20, with eventing, held over three consecutive days. Team and Individual Medals will be awarded at the conclusion of competition on Sunday, July 22.2007 Pan American Games – Final Individual Dressage Results1. Christopher Hickey United States Regent 70.725%2. Lauren Sammis United States Sagacious HF 69.925%3. Yvonne Losos de Muñiz Dominican Republic Bernstein Las Marismas 69.500%4. Tom Dvorak Canada Beaumarchais 69.450%5. Vera Protzen Argentina Kadirmo 68.025%6. Katherine Poulin-Neff United States Brilliant Too 67.675%7. Andrea Bresee Canada Raffles 66.925%8. Diane Creech Canada Wiona 66.675%9. Jose Luis Padilla Mexico Lohengrin 65.500%10. Annabelle Collins Bermuda Medici 64.550% Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! Horse Sport Enews More from Horse Sport:Christilot Boylen Retires From Team SportAfter an exemplary career as one of Canada’s top Dressage riders, seven-time Olympian Christilot Boylen has announced her retirement from team competition.2020 Royal Agricultural Winter Fair CancelledFor only the second time in its history, The Royal Agricultural Winter Fair has been cancelled but plans are being made for some virtual competitions.Royal Agricultural Winter Fair Statement on 2020 EventAs the Province of Ontario starts to reopen, The Royal’s Board and staff will adhere to all recommendations put forward by government and health officials.Government Financial Assistance for Ontario FarmersOntario Equestrian has recently released this update of several financial assistance packages available, including those for farm business. SIGN UP We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding. Email*last_img read more

FEI European Dressage Championships Live Online

first_img Horse Sport Enews Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! More from Horse Sport:Christilot Boylen Retires From Team SportAfter an exemplary career as one of Canada’s top Dressage riders, seven-time Olympian Christilot Boylen has announced her retirement from team competition.2020 Royal Agricultural Winter Fair CancelledFor only the second time in its history, The Royal Agricultural Winter Fair has been cancelled but plans are being made for some virtual competitions.Royal Agricultural Winter Fair Statement on 2020 EventAs the Province of Ontario starts to reopen, The Royal’s Board and staff will adhere to all recommendations put forward by government and health officials.Government Financial Assistance for Ontario FarmersOntario Equestrian has recently released this update of several financial assistance packages available, including those for farm business. Email* SIGN UP The FEI European Dressage Championships, being held August 17-21,  in Rotterdam (NED) will be broadcast live on FEI TV, on the following schedule:August 17: Team Competition 09:30 – 18:00 CESTAugust 18: Team Competition 09:30 – 18:00 CESTAugust 20: Individual Grand Prix Special 09:30 – 18:00 CESTAugust 21: Individual Grand Prix Freestyle 11:00 – 16:00 CESTClick here to view the for more information. Tags: FEI, FEI TV, FEI European Dressage Championships, We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding.last_img read more

Daniel Coyle Arrives to Fortune in the ATCO Energy Cup

first_img We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding. Horse Sport Enews Daniel Coyle(IRL) scored his sixth FEI win of the 2017 Spruce Meadows Summer Series after posting another impresssive victory on day one of the ‘North American’ Tournament, presented by Rolex with a stunning victory in the ATCO Energy.Wednesday evening’s ATCO Energy 1.45m competition against the clock saw a massive starting list of 98 competitors. Walking under the clock tower as the final combination to challenge the Santiago Varela(ESP) course, was 22 year-old Daniel Coyle aboard Fortis Fortuna. The 12 year-old mare owned by Sue and Ariel Grange displayed unbelievable speed as Coyle kicked her into high gear to take over the winning spot from Leslie Howard(USA). Coyle commented, “I had two big advantages in this competition, I was able to go around once with Martha Louise and I was the final competitor to go.” He continued, “From one to two you had to jump careful because it was a tight distance, so once I jumped that, I started to gallop and then I just never stopped. Once I got her into gear like that its best to leave her there. I was still able to ride my plan and had all the correct numbers I had walked, then I made a riskier move to the wall – but she jumped it fantastic.” Coyle overcame what seemed to be an unmatchable time set by Leslie Howard(USA), but sealed the victory by a staggering 3.51 second lead.Leslie Howard’s Moondoggie, a 12 year-old Holstein gelding, held on to the leading time of 53.96 seconds for 41 rounds of top performing horse/rider combinations, to finish in second position over the young Irishman.Following very close behind Howard, with a time of 54.05 seconds was Germany’s Philipp Weishaupt aboard the 8 year-old mare by Chacco Blue, Call Me Eva.The ‘North American’ Tournament, presented by Rolex has only just begun and the days to come are filled with more championship sport at it’s prime, fantastic entertainment and a special salute to the Canadian Military.Full results here. Tags: Spruce Meadows North American, Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! Email* SIGN UP More from Horse Sport:Christilot Boylen Retires From Team SportAfter an exemplary career as one of Canada’s top Dressage riders, seven-time Olympian Christilot Boylen has announced her retirement from team competition.2020 Royal Agricultural Winter Fair CancelledFor only the second time in its history, The Royal Agricultural Winter Fair has been cancelled but plans are being made for some virtual competitions.Royal Agricultural Winter Fair Statement on 2020 EventAs the Province of Ontario starts to reopen, The Royal’s Board and staff will adhere to all recommendations put forward by government and health officials.Government Financial Assistance for Ontario FarmersOntario Equestrian has recently released this update of several financial assistance packages available, including those for farm business.last_img read more

Another Big Youhorse.auction Sees Two More Sold to Canada

first_img Horse Sport Enews Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! SIGN UP We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding. More from News:MARS Bromont CCI Announces Requirements For US-Based RidersThe first set of requirements to allow American athletes and support teams to enter Canada for the June 2-6 competition have been released.Canadian Eventer Jessica Phoenix Reaches the 100 CCI4*-S MarkPhoenix achieved the milestone while riding Pavarotti at the inaugural 2021 CCI4*-S at the Land Rover Kentucky Three-Day Event.Tribunal Satisfied That Kocher Made Prolonged Use of Electric SpursAs well as horse abuse, the US rider is found to have brought the sport into disrepute and committed criminal acts under Swiss law.Washington International Horse Show Returns to TryonTIEC will again provide the venue for the WIHS Oct. 26-31 with a full schedule of hunter, jumper and equitation classes. Although the coronavirus is still keeping the riders at home, there was good shopping on Thursday, May 7 in the second edition of Youhorse.Auction. Mario Everse and Alan Waldman had the majority of the 44 showjumping horses knocked down for a little over 600,000 euro. The USA and Canada proved to be the biggest buyers, but Great Britain is coming up.“We are really pleased. We had expected a little more from the ridden horses, especially the real quality ones among them. A number of them did not get sold, but most of them found new owners! There was a noteworthy demand for the amateur horses, which are straightforward and pleasant rides. Some where knocked down for a little less than we had hoped, but other horses balanced the scales,” says Everse.The collection included three-year-old showjumping horses, saddle-broken four-year-olds and a few older horses with show experience. The online auction opened on May 5 and was visited by people from 86 different countries. “The clients were even a little anxious. Some contacted us by telephone because they were afraid to miss out on a specific horse because they were not too familiar with the PC. Even some dealers bought our horses, but also professionals and amateur riders. Again, we offered a few real bargains.”The two most expensive horses were bought by one of their regular buyers from the USA. The four-year-old Quando van de Bisschop (Harley VDL) and Limited Edition (Gullit HBC x Vingino) were knocked down for 36,000 and 35,000 euro, respectively, but will stay at Stal Everse in The Netherlands this year to be trained.Monaco.For 25,000 euro, the three-year-old gelding Monaco (Chapeau TN x Ahorn) will move to Canada with Christi Pabst-McQuaker of Schomberg, Ontario. Monaco is by the young stallion Chapau out of a mare from the family of both Dolinn (Jennifer Gates) and Terrific (John Anderson). He is described as “big, scopey and a flashy jumper that looks like he can jump the highest level in the future.”Last Best.Also heading for Canada is the four-year-old gelding Last Best (Big Star x Larino) who went for 14.000 euro to an undisclosed buyer. His sire, Big Star, won the individual gold medal at the Rio Olympics; his dam, Blackbery, was a top jumper as well by Kannan and is a half-sister to both Plot Blue and Oklund.The four-year-old Love (Diamant de Semilly x Heartbreaker) and the three-year-old Me The Rebel RT (Cornet Obolensky x Baloubet du Rouet) will both cross the sea to Great Britain for 22,000 euro each. The six-year-old Cardenta van de Eijkhof (Cardento x Diamant de Semilly) will stay in the Netherlands for 21,000 euro. The same amount was invested in the four-year-old talent Lime ’n Ice (Iceman de Muze x Lux) by the Emirates. Their contemporary, Legend (Diamant de Semilly x Carthago) will go to Italy for 20,000 euro. There were also buyers from Belgium, Germany, Sweden and Poland.In the meantime, Waldman and Everse have decided to keep monthly auctions and have already reserved the following dates: from June 13-16 there will be a similar auction with young horses. Other people are also invited to offer their horses for sale in this auction. Anyone sending in a Whatsapp with video, brief info and link to pedigree before May 20 will soon hear if their horse is accepted. The selection/video-days will take place from May 22 to 24, after which the new collection will be go online on June 6. The auction after that is planned for July 24 to 27, but then it is the turn for foals and broodmares.Youhorse.auction is nowhere near finished auctioning horses online! Tags: Alan Waldman, Mario Everse, Youhorse.auction, Quando van de Bisschop, Monaco, Last Best, Email*last_img read more

Russia’s ‘Pivot to Asia’ Encounters New Difficulties

first_imgDuring his first trip to the Russian Far East as prime minister, Mikhail Mishustin berated the inadequate level of infrastructure of the local seaport in Magadan (on the Sea of Okhotsk), which, he noted, hindered the surrounding region’s economic development and international outreach (Korabel.ru, August 17). In pointing out these limitation, Mishustin tacitly acknowledged that Russia’s policy aimed at strengthening its trade ties with other Asia-Pacific countries was experiencing visible difficulties. Nicknamed the “Pivot to Asia,” this policy’s foundations were laid down by former Russian prime minister (1998–1999) Yevgeny Primakov at the end of the 1990s, before being informally announced by Vladimir Putin in early 2012 (Mn.ru, February 27, 2012). President Putin reiterated the Pivot to Asia in his 2013 address to the Federation Council (upper chamber of parliament) (Interfax, December 12, 2013). Broadly speaking, the policy argues for changing Russia’s civilizational paradigm (from European to Eurasian) and shifting economic ties eastward (from the European Union to the Asia-Pacific) by making Siberia and the Far East “Russia’s national priority for the 21st century.” Now, almost six years later, it appears that despite a few tangible and rhetorical successes (Rossiyskaya Gazeta, September 12, 2019), the strategy is floundering due to important systemic and structural obstacles.Russia faces challenges in implementing its Pivot for four main reasons:First is the lack of a comprehensive approach on how to overcome the socio-economic hardships faced by Siberia and the Far East, which “continue to be Russia’s least developed, if not depressed regions” (Anatoly Torkunov, Dmitry Streltsov and Ekaterina Koldunova, Rossijskii Povorot na Vostok: Dostizhenia, Problemi i Perspektivi, 2020). Relatedly, the government has been unable to improve the negative public perceptions of this macro-region among Russians. Despite creating “regional enclaves of stability,” much of the Siberia and Far East is highly unattractive (“the middle of nowhere”) for settlers and businesses.Second is Moscow’s growing Sino-centrism. Indeed, the key economic pillar of the entire Pivot to Asia was premised on strengthening economic ties with China as a way to revitalize the region. Now, however, many local thinkers and intellectuals have come to see the limitations of this approach. Though an important source of raw materials, Russia occupies a marginal (in comparison with other Asia-Pacific players) role in China’s overall foreign trade and economic ties (Eurasia.expert, January 21). At the same time, some (rather inconclusive) attempts to diversify regional cooperation by engaging India, Japan and South Korea have yielded minimal results, which is “unlikely to change” (Valdaiclub.com, July 1, 2019). Having primarily become a source of raw materials to the EU since the end of the Cold War, Russia is now repeating this economic development path in the Asia-Pacific region in general, and with China in particular.Third is the greater prevalence of diplomacy and politics over economics and trade. Despite impressive diplomatic/political achievements, Russia has been unable to convert these into sustainable economic gains. As noted by Professor Leonid Bliakher of the Pacific National University (Khabarovsk), Russian businessmen remain “foreign bodies [in the Asia-Pacific],” ill-disposed to regional economic realities. In a broader sense, Asian countries arguably do not consider Russia to be a genuinely attractive venue for investments; and Russia’s share in the economy of the Asia-Pacific region is marginal (Asiarussia.ru, February 21, 2019).Fourth, inhabitants of the Far East consider the Pivot to Asia initiative an artificial, Moscow-lobbied/-generated project that does not adequately assess local realities nor invite the participation or input of the local population. Moreover, in Siberia, there is growing dissatisfaction over its de facto exclusion, despite pompous rhetoric, from major lucrative economic projects (Globalaffairs.ru, September 13, 2018). In effect, the federal center has been unable to clearly explain to the locals how and by what means it is planning to upgrade regional living standards while preserving local identity and unique regional traits and characteristics. In a broader sense—and this has been vividly demonstrated in the scope of the protests that broke out in Khabarovsk Krai (starting on July 11, 2020) over the arrest of local governor Sergei Furgal (see EDM, August 3, 4)—the sense of alienation and discontent with Moscow is clearly on the rise in eastern Russia.As such, it is worth paying close attention to an article co-authored last month by Russian scholar Anastasia Likhacheva and conservative thinker and former advisor to Boris Yeltsin and Vladimir Putin Sergey Karaganov. The latter is deemed one of the main supporters of the Kremlin’s Pivot to Asia strategy. In their piece, the writers openly admit that, for the past year and a half, the strategy has not been moribund, with Russia risking loss of momentum needed to accomplish its “civilizational transformation.” Among other aspects, they argue that the main problem hindering or outright halting progress is inadequate attention paid to human capital in the Far East and Siberia. This converts the local population, which is supposed to be the driving force in the process of transformation, into a passive and disinterested object. The article further warns that while Moscow is concentrating on economic and technocratic leverage, it is missing the “social” piece, which alienates locals and creates a gap between the macro-region and European Russia. In this regard, Moscow (and the rest of Russia) are viewed by the locals as an incompetent “metropolis,” whose participation in Far Eastern affairs is highly undesirable. Likhacheva and Karaganov, therefore, argue that Russia must choose one of three options. First is the “colonial” approach, which boils down to a simple exploitation of local natural resources. Second is the “paternalistic” approach, which—much in line with the Soviet experience (although excluding the tilt toward militarization)—de facto largely resembles the “colonial” approach but with a fairer redistribution of profits between the center and the periphery. Third is the “federative” approach, “the most difficult one […] but the only sustainable option,” which envisages building mutual trust and the federal center granting more room for maneuver to the far-flung region (Globalaffairs.ru, October 16).Despite the government boasting of multiple successes in its turn toward Asia, many Russian conservative intellectuals, including ardent supporters of this strategy, are in fact incredibly concerned with the (wrong) direction the policy is taking. Although, at the intellectual level, this understanding is indeed growing, there is no evidence that the Russian side has a clear blueprint for how this course should be corrected. From a strategic point of view, the Pivot to Asia may inadvertently further divide the Far East and Siberia from the rest of Russia.last_img read more

Vector slashes dividends as Elliman’s net income drops over 80%

first_imgHoward Lorber, CEO of Vector GroupUPDATED Wednesday Nov. 6, 2019, 1:02 p.m.: Douglas Elliman’s net income plummeted last quarter and its parent company plans to cut back on payouts to investors.Vector Group will halve its quarterly cash dividend to $0.20 per share starting in the first quarter of 2020 and will no longer pay an annual dividend, CEO Howard Lorber announced Tuesday. He confirmed that investors would receive a dividend of $0.40 per share for the third and fourth quarters.“The reduced dividend will strengthen the company’s balance sheet and help it maintain its liquidity,” Lorber said on an earnings call.He added that “hopefully” the cut will “lower the cost of borrowing” leading up to Vector’s April 2020 deadline to repay $232 million in 5.5 percent variable-interest senior convertible notes.In last year’s annual filings Vector forecasted that 2019 would have “significant liquidity commitments” including outstanding convertible notes and $240 million in dividends. If there wasn’t enough cash on hand, the company had said it would extend its subsidiaries’ credit facilities and liquidate other investments. Vector extended two of its companies’ credit to $60 million on Nov. 1.The move comes as Elliman reported a net income of $1.9 million for the third quarter, down from $10 million in the same period last year — a stunning 81 percent drop. The brokerage’s quarterly revenue fell by $10.3 million to $201.2 million.Vector’s CFO J. Bryant Kirkland III said that was “because we’ve made investments in other markets.” In August, Elliman opened a Texas outpost.Vector reported a slight decrease in quarterly revenue to $504.8 million from Q3 in 2018, but its net income for the quarter soared to $36 million from $12 million in the third quarter of last year.Elliman’s third quarter results came on the heels of a banner second quarter. The firm had reported an 18 percent increase in revenue following a flurry of high-end sales in New York City before new closing taxes went into effect on July 1.Lorber noted that when considering the nine months ended Sept. 30, the brokerage’s “adjusted EBITDA” (earnings before interest, taxes, depreciation and amortization, but with other expenses excluded at the company’s discretion) was at the same point as it was last year.But that’s not necessarily a bellwether for success. In 2018, Elliman’s adjusted EBITDA for the full year was $11.3 million, down from $26.1 million. And the brokerage’s profits plunged by a staggering 75 percent even as revenue grew by 4.4 percent to $754.1 million. Lorber began the year promising “substantial” cost-savings in payroll and office consolidation.On Tuesday’s call Lorber promised Elliman’s business would turn around, provided there are no further legislative changes.“Look, I think we’ve somewhat survived,” he said, pointing to the loss of the SALT deduction in 2018, the mansion and transfer taxes introduced by New York State this year and sweeping changes in June to the state’s rent law. “And if nothing else happens, with some cost cutting and so forth, we’re going to be more profitable going forward.”Editor’s note: The story was updated to note Vector committed to paying a cash dividend of $0.40 per share for the third and fourth quarters of 2019. The reduced quarterly dividend goes into effect in 2020.Write to Erin Hudson at [email protected] This content is for subscribers only.Subscribe Nowlast_img read more

Outdoor dining to return next summer — for restaurants that survive

first_imgMayor Bill de Blasio announces “a new New York City tradition” as outdoor dining is set to return next year (de Blasio by Lev Radin/Pacific Press/LightRocket via Getty Images; background by ANGELA WEISS/AFP via Getty Images)Andrew Moger’s days are filled with tracking restaurant closures around the city.The CEO of BCD Development, a restaurant-focused real estate brokerage and advisory firm, is on the lookout for vacancies — and expects a spate of them.“You take these restaurants that signed very expensive leases and were barely doing well pre-Covid, and then you add this type of devastation, it shouldn’t surprise anybody that those places aren’t going to make it,” Moger said.In this brutal environment for eateries, Mayor Bill de Blasio cheerily announced Monday that outdoor dining will return by next June, calling it “a new New York City tradition.”How many remain around to enjoy it is anyone’s guess, as 83 percent did not pay full rent in July and 37 percent paid no rent at all, according to a survey of 471 establishments by the New York City Hospitality Alliance.Unlike restaurants and bars in the rest of the state, which have been allowed to resume indoor dining at 50 percent of capacity, those in the five boroughs can only serve customers outside or via takeout and delivery. No timetable has been set for that to change.“While complying with the necessary pause, our industry has been uniquely and financially devastated,” Andrew Rigie, the executive director of the NYC Hospitality Alliance, said in a statement.Few have managed to renegotiate leases or relief from their landlords. Seventy-one percent of landlords would not waive portions of rent, 61 percent would not defer rent payments and 90 percent would not formally renegotiate leases.Of those who did waive rent, 73 percent wrote off more than half of it.Their landlords are also at risk; those unable to make mortgage payments could lose their properties to foreclosure.“We’ve told all of our restaurant clients to be patient because truthfully, we think there’s going to be a lot more pain on the landlord side,” Moger said. “I don’t think that any restaurant tenants should be signing an amendment to their lease at this point. I think it’s too soon to tell what this is going to look like.”Outdoor dining was allowed before Covid via sidewalk cafes, but the permitting process took months and provided little space, so as not to impede pedestrians. The new system that de Blasio extended Monday streamlines approvals and in some cases allows for eateries to take over parking lanes.Still, the percentage of restaurants and bars who reported paying rent on NYC Hospitality Alliance surveys edged down last month. Nearly 20 percent of eateries paid all of June rent. For July, that number dipped to 17 percent.While the survey shows that outdoor dining may not be enough to make full rent, the initiative, which began in June, has helped. Only 13 percent of restaurateurs paid all of their May rent.Their immediate future may not be bright, either. Stimulus checks have been spent, federal unemployment benefits expired last week, August is historically an awful month for restaurants, and city protections of commercial tenants expire in September. It’s looking like a long winter.On top of that, Gov. Andrew Cuomo has been threatening to revoke what few privileges New York City restaurants have been given, citing social distancing violations at a small percentage of the establishments visited by state inspectors in recent days.In July, while the rest of the state was allowed to seat some diners indoors, restaurants in the city had indoor dining postponed indefinitely just days before it was to start. Bars suffered a blow when Cuomo announced that they could only sell alcohol to customers also being served a meal.Contact Sasha Jones at [email protected] This content is for subscribers only.Subscribe Nowlast_img read more

DKB Bundesliga: “Black day” for HSV in Berlin!

first_img11TuS N-Lübbecke14608406 : 402+412 : 16 17TV Grosswallstadt142111353 : 386-335 : 23 Manuel Spath to join HSV Handball 2Rhein-Neckar Löwen141301392 : 346+4626 : 2 Related Items:dkb bundesliga, Fuchse Berlin, HSV Handball 7MT Melsungen13733370 : 347+2317 : 9 1THW Kiel141310473 : 350+12327 : 1 14VfL Gummersbach144010383 : 431-488 : 20 German trio and Wisla Plock for EHF European League 2021 trophy 13TBV Lemgo144010385 : 412-278 : 20 5SG Flensburg-Handewitt13823406 : 327+7918 : 8 THW Kiel win test in Berlin before EHF CL 2020/2021 start ShareTweetShareShareEmailCommentsIn the derby match of DKB Bundesliga in Berlin, HSV Handball was demolished by home side Fuchse 37:27 (19:11). Team of Martin Schwalb losing slowly the battle for EHF CL place in the next season…Füchse Berlin: Heinevetter (17 saves, 1.-60.); Stochl n.e.;  Lund 7, Laen 6, Igropulo 6/3, Nincevic 5, Romero 4, Sellin 3/1, Pevnov 2, Löffler 1, Wiede 1, Spoljaric 1, Jaszka 1, Drux, Bult n.e.HSV Handball: Beutler (1 saves., 1.-10.  36.-60.); Tahirovic (., 11.-16. ); Herrmann (1 P., 17.-35.); Kraus 7, Petersen 5, Lindberg 5/1, Schröder 4, Duvnjak 2, Hens 2, Flohr 1, Lijewski 1, Vori, Nilsson, Terzic n.e. 18TUSEM Essen140113352 : 451-991 : 27 4HSG Wetzlar14923417 : 390+2720 : 8 9SC Magdeburg14707415 : 402+1314 : 14 Click to comment ShareTweetShareShareEmail 3Füchse Berlin151023415 : 382+3322 : 8 16TV 1893 Neuhausen143110368 : 439-717 : 21 6HSV Hamburg15825441 : 423+1818 : 12 12HBW Balingen-Weilstetten14518374 : 416-4211 : 17 Recommended for you 8TSV Hannover-Burgdorf14815413 : 411+217 : 11 15TSV GWD Minden14329366 : 422-568 : 20 10FA Göppingen14617393 : 385+813 : 15 Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Save my name, email, and website in this browser for the next time I comment.last_img read more

Filip Jicha about “disaster in Serbia: Disastrous first half decided

first_imgRelated Items:Czech Republic, Filip Jicha Recommended for you ShareTweetShareShareEmail Filip Jicha is World Handball Coach 2020 Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Save my name, email, and website in this browser for the next time I comment. Jicha ahead of Ribera Click to comment ShareTweetShareShareEmailCommentsFilip Jicha didn’t help his team-mates to avoid defeat in the first match of the WCh 2015 Play-Off in Serbia 23:15. Hall “Cair”, the place where Czech Republic stayed without two World Championships (2009,2011) and lost chance to play in the EHF EURO 2012 Main Round, still is unbeatable venue for Jicha and Co. His red card after brawl with Bojan Beljanski moreover made impression that VISA for Qatar 2015 is far, far away..– We lost the game with eight goal difference and it’s too much, I didn’t expect that. Also I couldn’t expect that we would show a great performance here and that we would win here, but  I didn’t expect that we will show such poor performance. In the first half we played completely disastrous handball and that’s the key for the result.Filip didn’t score any goal in the first match…– It’s hard for me because I got injured few weeks ago and I couldn’t do any practice. I tried to do some good action in the game, but obviously this was not the case. I tried to fight and to push my team – said Jicha and explained more about his injury:– Yeah, it’s serious. I have a rupture of the ligaments in my ankle. I will try again next week again, but I know that my ankle is injured and I have to take a rest. Obviously I’m not in shape, because I couldn’t do it any practice. But, one week left, one game left and I will do my best.”Nis and Cair Hall are once again a “bad luck”…„Yeah… But we are really happy to be here, to be in Nis, because people are so nice to us. I really like it here.  But obviously, we cannot show a any good performance here, in this hall.”Hope still exist before second match in Brno next Saturday…– We have to try to figure it out why and what happened. And to try to be better next week in Czech Republic – concluded Jicha.TEXT: ALEKSANDRA DENICphoto: Alex Wipf, reprezentace.chf.cz Jicha brings third title to THW Kiellast_img read more