CS Wind now operates plants in countries including Malaysia, China and the U.K., selling its wind towers to firms such as Siemens Gamesa Renewable Energy SA, General Electric Co. and Vestas Wind Systems A/S. It also plans to build factories in the U.S., where newly elected President Joe Biden has pledged to prioritize suppliers based in the nation.
“Running a business is all about constantly finding new goals to challenge,” Gim said in an interview with a company magazine in 2014. “When a goal is achieved, you need to go for a new one. That’s how I’ve managed the business.”
A CS Wind spokesman declined to comment on Gim’s fortune.
A shift to green energy has helped lift the fortunes of companies that make everything from electric vehicles to batteries to solar panels. Investments in low-carbon energy projects and technologies more than doubled in the past decade to $501.3 billion last year, and almost two-thirds of that came from renewables — mostly solar and wind, according to a BloombergNEF report this month.
With governments around the world pushing to go green, wind and solar are expected to meet 56% of the world’s electricity demand in 2050, a BNEF analysis found. In the U.S., Biden wants to make the nation’s electricity grid carbon-free by 2035, while China plans to go carbon-neutral by 2060 and European Union leaders agreed to cut greenhouse-gas emissions by at least 55% by 2030.
CS Wind’s offshore manufacturing operations were what appealed to Goldman Sachs when it invested in 2008, according to a spokesman for the bank. The firm, which has since exited most of the bet, said it’s one of the biggest backers of the renewable-energy sector in the region.
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eggs – will keep in the fridge for weeks or use for another meal.
almond meal (almond flour) – keep them in the pantry.
tomato passata / puree – unopened keep in the pantry. Once open keep refrigerated.
prosciutto – freeze it.
cheese – most hard and melting cheeses will keep for weeks wrapped in waxed paper or baking paper and stored in an airtight container (or sealed ziplock bag) in the fridge. If you need to store for longer cheese can be frozen.
Problem Solving Guide
bland – more salt! Different toppings.
too dry – overcooked pizza base – because of the high amount of egg it will dry out when over cooked. Next time get it out earlier. For now a drizzle of extra virgin olive oil will help.
no oven – cook the base mixture in a large frying pan like a frittata and serve with proscuitto and unmelted cheese on top. OR cook the base mixture like scrambled eggs and melt in the cheese at the end.
sticking to the pan – it’s super important to line the pan because of the egg.
no spring form pan – you can use a regular tin as long as you have wide baking paper which will cover the base and side in one sheet.
Prepare Ahead Almond Pizza
You can but it’s best when hot from the oven! Just cook as per the recipe. Leftovers will keep in the fridge for up to 2 weeks or can be frozen. To serve, allow to come to room temp or warm in the oven.
More Recipes Like Easy Almond Pizza
Have fun in the kitchen!
BIG love, Jules x
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Major League Baseball Hall of Famer Henry “Hank” Aaron, the former home run king and advocate for civil rights, died Friday morning at the age of 86. The Atlanta Braves announced his passing Friday.
While the cause of death is unknown as of the publishing of this article, the Braves said Aaron died peacefully in his sleep, according to USA Today.
Aaron was born on Feb. 5, 1934 in Mobile, Alabama. He began his legendary baseball career for the Negro League’s Indianapolis Clowns, then went on to play 23 years in the major leagues, most of which for the Braves franchise in both Milwaukee and Atlanta, before finishing his career with the Milwaukee Brewers.
He went on to become an all-star from 1955-1975, and at the age of 40, broke Babe Ruth’s then home run record with his 715th home run on April 8, 1974. Aaron finished his career with 755 dingers, a record that stood for over 30 years. He officially was inducted into the Baseball Hall of Fame in 1982, his first year of eligibility.
On top of his career accomplishments in baseball, Aaron became a vocal advocate for civil rights and overcame racism growing up in the Deep South. His impact is still felt throughout the world of sports to this day.
RIP Hammerin’ Hank!
Tags: baseball, hank aaron, major league baseball, mlb, rip
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Vietnam’s Communist Party congress has gathered this week to select new leaders and outline policies for the next five years.
Vietnam’s Communist Party meets every five years to pick leaders and map out policy
Prisoners of conscience have more than doubled in the past five years, Amnesty International says
Tensions with China and the tech boom will impact Vietnam’s future
But leaked documents indicate the current Vietnamese Communist Party General Secretary, Nguyen Phu Trong, will remain in the top job.
After being praised for its handling of the COVID-19 pandemic, Vietnam is expected to prioritise economic growth through technological revolution, while tense relations with China are expected to loom large.
Human rights groups, meanwhile, have slammed Vietnam’s record on jailing activists — including an Australian citizen.
Bon Nguyen, president of the Vietnamese Community in Australia, said some in the diaspora expect little change in the homeland many of them fled in the 70s and 80s.
“We normally have a saying, that in order for us to predict what will happen in the future, we just have to [look at] what happened in the past,” he said.
Leadership speculation over ‘four pillars’
More than 1,500 delegates have converged for a nine-day congress behind closed doors in Hanoi to vote on a Central Committee of about 200 people, who will select the Politburo of about 19 members.
Four key leadership positions, known as the four pillars, will be selected — the Communist Party general secretary, the state president, the prime minister and the national assembly chair.
It’s been heralded as the most significant congress since 1986, when economic reforms led to Vietnam opening up.
Carl Thayer, emeritus professor at UNSW Canberra, said the event was a highly-orchestrated affair, with the party’s policies already decided and the leadership roles widely known in Hanoi’s political circles.
Though Mr Trong is tipped to stay on as General Secretary, current Prime Minister Nguyen Xuan Phuc will reportedly become President, while senior party figures Pham Minh Chinh and Vuong Dinh Hue are speculated to fill the roles of Prime Minister and National Assembly Chairperson respectively.
Mr Trong, 76, who is also the President, has already served the maximum two five-year terms and is well past the mandated age limit of 65, though he received exemptions in the past.
Professor Thayer said there had been a logjam in Vietnam’s political machinery, where Mr Trong, who was reported to have suffered a stroke in recent years, tried but failed to anoint his successor.
“That’s because they can’t reach a consensus on who’s going to replace him.”
The four pillars have not been confirmed, however, and may not be known until the final day of the congress, on February 2.
Vietnam’s Ministry of Foreign Affairs has been approached for comment.
Dr Huong Le Thu, a senior analyst at the Australian Strategic Policy Institute, said Vietnam’s Communist Party would ensure a level of continuity, regardless of who held the key positions.
She said Mr Trong made efforts to ensure his legacy — especially his anti-corruption campaign — will continue, even if he doesn’t get another term.
Mr Nguyen said although Vietnam was a one-party state, there were many factions.
“They are desperate to hold onto the old system, and they don’t want to change that,” he said.
“However, the world is changing, and if Vietnam wants to be part of it, it also needs to change as well.”
Technology revolution in the post-COVID economy
Vietnam’s draft socio-economic development plan sets a very high aspiration for economic growth, according to Dr Hoa Thi Minh Nguyen, a senior lecturer at the Crawford School of Public Policy at the Australian National University.
Their economy grew by almost 3 per cent last year despite the pandemic, which “lent an enormous credence to the Communist Party and the Government of Vietnam,” Dr Nguyen said.
But she added Vietnam’s GDP would need to grow by an “unprecedented high growth rate” of 11 per cent, not 7 per cent as stated in their draft plan, if it were to achieve its economic goals by 2025.
She said the country was primarily focusing on attracting foreign investment, the technological revolution and the digital economy, which included developing high-tech Silicon Valley-like areas near Hanoi and Ho Chi Minh City.
Vietnam’s population is expected to reach 100 million by 2025, and its middle class is projected to grow from 13 per cent to 25 per cent by 2035, which could increase its potential as a market for Australian goods.
“Vietnam has been and will be a big customer [for Australia] because of the consumer economy and urbanisation,” she said.
Vietnam has also benefitted from the US-China trade war — Dr Nguyen said when the Trump administration put higher tax rates on Chinese products, many manufacturers moved their factories out of China to Vietnam.
The China relationship is due to shape the next five years for Vietnam in other ways too, Dr Le Thu said.
“Vietnam-China relations in the context of the South China Sea is currently most tense, compared with other claimant states,” she said, adding that will have implications for the entire region, including Australia.
“This is a very critical time. Vietnam has thus far responded to the COVID-19 exceptionally well and is on a fast recovery trajectory,” Dr Le Thu said.
“But this is not going to be easy. There are also plenty of other challenges ahead, including the dynamics of US-China relations, [the] future of global trade and the overall global recovery.”
Vietnam slammed for ‘draconian’ rights record
According to Amnesty International’s Asia-Pacific regional director Yamini Mishra, Vietnam’s assault on human rights and freedom of expression has intensified in recent years.
In the past five years since the last congress, the number of “prisoners of conscience” has more than doubled, from 84 in 2016 to 170 today.
“The Vietnamese authorities’ intolerance of peaceful dissent has peaked under the outgoing leadership. The nomination of new national leaders provides an invaluable opportunity for Vietnam to change course on human rights.”
Human Rights Watch also criticised a crackdown on journalists and bloggers this month, in the lead up to the congress, saying the party was “sending people to prison for posting their views and opinions on Facebook”.
Bon Nguyen from the Vietnamese Community in Australia said if Vietnam were to change its approach to silencing dissent, the party feared it would appear “weak” to the Vietnamese diaspora.
He said the Vietnamese regime would deal with cases in “draconian ways” to send a warning shot to other activists or dissidents.
“I don’t think that’s going to change, unfortunately,” he said.
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The ambassador for Australia Day 2021 celebrations in Goulburn is a professional hockey player Glenn Turner. Glenn made his national debut with Kookaburras at the age of 24 in 2009 and is known for his goals per game ratio, playing 136 games and scoring 96 goals. “Every chance I got, I tried to make it mine and play in good positions and score a lot of goals. There is always pressure to score from others but the main pressure I felt was from myself. If I hadn’t scored in a few games, I would feel it,” he said. He has a long list of achievements and has represented Australia at Olympics Games in 2012 and 2016 and won a bronze medal in London in 2012. He won the gold medals at the World Cups in 2010 and 2014 and a gold medal at the Commonwealth Games in 2010. He has also won four Oceania Cups. READ ALSO: Goulburn names Kevin Muffet as Australia Day citizen of the year Talking about his journey, he said that it started at a young age when he loved playing sports with his friends during the weekend. “I had realised early on that if I did a little bit extra during the week, whether it was running or sit ups, I would get better at the game and be able to help my team win and that motivated me on to do better,” he said. “As I get older, I thought about the next level and despite a few ups and downs, I was able to make it there.” Born in Bowral, Glenn moved to Goulburn in 1998 and lives here with his wife and children. They have a personal training business and has hosted multiple clinics and worked with numerous teams. He has played at the Indian Hockey League from 2012-16 and played seasons in Belgium, Malaysia and Holland. READ ALSO: Glass artist Peter Crisp awarded OAM He has travelled to India at least 10 times and has lived there for weeks at a time. “Living in India has been a big experience for me where I learnt a lot more about the people and culture. The big learning that I took from there was we would see families smiling even though they would be living in difficult circumstances. It made me more grateful for what I have and look at things from a different perspective,” he said. He was inducted into the hall of Fame in 2011 and announced his retirement in 2019. Last year, he was appointed as the assistant coach of the New Zealand’s national men’s hockey team. Did you know the Goulburn Post is now offering breaking news alerts and a weekly email newsletter? Keep up-to-date with all the local news: sign up below.
The ambassador for Australia Day 2021 celebrations in Goulburn is a professional hockey player Glenn Turner.
Glenn made his national debut with Kookaburras at the age of 24 in 2009 and is known for his goals per game ratio, playing 136 games and scoring 96 goals.
“Every chance I got, I tried to make it mine and play in good positions and score a lot of goals. There is always pressure to score from others but the main pressure I felt was from myself. If I hadn’t scored in a few games, I would feel it,” he said.
He has a long list of achievements and has represented Australia at Olympics Games in 2012 and 2016 and won a bronze medal in London in 2012. He won the gold medals at the World Cups in 2010 and 2014 and a gold medal at the Commonwealth Games in 2010. He has also won four Oceania Cups.
Talking about his journey, he said that it started at a young age when he loved playing sports with his friends during the weekend. “I had realised early on that if I did a little bit extra during the week, whether it was running or sit ups, I would get better at the game and be able to help my team win and that motivated me on to do better,” he said.
“As I get older, I thought about the next level and despite a few ups and downs, I was able to make it there.”
Born in Bowral, Glenn moved to Goulburn in 1998 and lives here with his wife and children. They have a personal training business and has hosted multiple clinics and worked with numerous teams.
He has played at the Indian Hockey League from 2012-16 and played seasons in Belgium, Malaysia and Holland.
He has travelled to India at least 10 times and has lived there for weeks at a time. “Living in India has been a big experience for me where I learnt a lot more about the people and culture. The big learning that I took from there was we would see families smiling even though they would be living in difficult circumstances. It made me more grateful for what I have and look at things from a different perspective,” he said.
He was inducted into the hall of Fame in 2011 and announced his retirement in 2019. Last year, he was appointed as the assistant coach of the New Zealand’s national men’s hockey team.
Did you know the Goulburn Post is now offering breaking news alerts and a weekly email newsletter? Keep up-to-date with all the local news: sign up below.
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Jennifer Lopez has spoken out to set the record straight on speculation that she has had Botox, saying to her detractors: “Please don’t call me a liar.”
It comes after the star, 51, made headlines for her response to an Instagram user who cast doubt over how she achieves her youthful looks.
Lopez had posted a video on the social media site, showing her glowing skin after saying she had used a face mask from her own beauty range, which sparked the exchange.
Now, in an interview with People magazine in the US, the singer and actress has said she could not let the comment – which said the star had “definitely” had “tons” of Botox – go without responding.
“I don’t judge anybody,” Lopez said in the interview. “If you want to do Botox and injectables, that’s fine! But I don’t want people lying on me and saying, ‘Oh, she’s trying to make believe that this stuff works’.
“No, I’m telling you what I do that works! Please don’t call me a liar. I don’t have to lie about things. I’ve been pretty honest about my whole life.”
Lopez, who is renowned for her age-defying looks, said that if she had had Botox, she would admit it.
“If I had, I would say, ‘Yeah, you’re right’, but I don’t want people going, ‘Stop lying, you’re doing this, you’re doing that’, when that’s just not true,” she said.
“I just felt it had to be set straight, but in a loving way. And one of my big beauty secrets is that I try to be kind to others and lift up other women.
“I think that that is important for us to do for each other instead of trying to tear people down.”
In her original response to the Instagram commenter, Lopez responded by saying: “LOL thats just my face!!! ….For the 500 millionth time… I have never done Botox or any injectables or surgery!! Just sayin.”
Since then, she’s been making headlines for a different reason – after performing at President Joe Biden’s inauguration.
She performed a medley of This Land Is Your Land and America The Beautiful at the ceremony, which also saw Lady Gaga delivering an emotional rendition of The Star-Spangled Banner.
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Ever since markets bottomed out in March 2020, thanks to the US Federal Reserve’s “whatever it takes” stimulus announcement, equity prices have been strong as investors ignored the present and looked six to 12 months down the road. The information technology sector, in particular, has outperformed as have commodities such as iron ore and copper.
“The most confounding thing about financial markets in 2020 was that, in totality, the mood of the global equities market seemed completely different than the mood of everything else happening to humanity,” Olivia Engel, global chief investment officer active quantitative equity at State Street wrote in a note to clients.
She says 2021 stock prices will start to reflect fundamentals – rather than expectations – as markets stand on the “threshold of a new investment reality as COVID vaccines roll out and monetary and fiscal conditions change in response to a global economic recovery”.
Investors will soon learn whether the market’s eye-watering valuations are justified or whether they are a frothy side-effect of unbridled optimism due to low-interest rates.
The 2021 reality for Australian companies should become clear within a few weeks as first-half reporting season kicks off.
Morgans analysts Andrew Tang and Tom Sartor have an optimistic outlook but note there is a “risk of surprise in company results that have significant leverage to the recovery”.
“Overall, we expect outlook commentary to be better than what was provided in August, and we think some companies will provide first time guidance,” they wrote in a recent note to clients.
Forecasts for earnings in the industrial and energy sectors have the widest range, meaning analysts are unsure of how these companies will fair. But there is strong consensus expectations for dividends from the telecommunications, consumer staples and utilities sectors. There is less certainty on the dividends expected to come from energy, industrial, financial and material sector companies, except for the iron ore producers enjoying strong prices.
On average, the 12-month dividend yield forecast for the ASX is currently below average at 3.4 per cent. The Morgan analysts note utilities, telecommunications, energy and materials are expected to pay the highest yields. And among the banks, Westpac is expected to pay the highest yield of 5.8 per cent, followed by ANZ, NAB and Commonwealth Bank. Bank of Queensland has the lowest expectation at 3.5 per cent.
“The key major resource companies are already comfortably de-geared such that most of their surplus sale proceeds are likely to make their way back into the hands of shareholders. We expect above-average dividends by the major miners,” they wrote.
Specifically, Morgans expects BHP to deliver “bumper earnings” with strong cash dividends of about 76.8¢ per share compared to 65¢ in the first half of 2019-20. Fortescue’s first-half dividend could be as high as $1, up from 59.3¢ in the previous corresponding period.
“We see real potential for Rio Tinto to announce a special dividend at its full-year result, in addition to a healthy ordinary dividend,” Morgans analyst Andrew Prendergast wrote. Chinese demand remains the key risk for all three miners.
Peter Gardner at Plato Investment Management shares the enthusiasm for iron ore miners and says 2021 will be much better for people living off capital. However, he expects bank dividends will not return to 2018 levels anytime soon.
“The dividend landscape has shifted significantly and just a few years ago who would have thought the strongest dividend payers in 2021 would be iron ore miners and certain consumer discretionary stocks?,” he says.
“But that’s exactly where we expect the strongest dividends to flow from over the next twelve months.”
Gardner adds economic stimulus around the world is evolving from income support to infrastructure spending, which creates strong demand for iron ore. “Even if the iron ore price was to come off significantly from today’s price some of Australia’s best miners will still be generating a lot of cash.”
Spheria Asset Management’s Marcus Burns is also tipping an increase in mergers and takeovers thanks to an abundance of liquidity and extremely low-interest rates.
“In addition to private equity being in the fray, many corporates now have extremely well-positioned balance sheets as they’ve foregone paying dividends during most of COVID-19 and some also having raised too much precautionary capital during the COVID-related sell-off in early 2020,” he says.
This could be lucrative if investors have shares in the target companies, which are usually cash-generating with modest gearing.
Lucy Battersby has covered trends, technology and telecommunications since joining The Age in 2008.
Markets reporter for the SMH and The Age
Most Viewed in Business
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Thousands of protesters marched through Melbourne on what demonstrators called Invasion Day.
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The magic of David Attenborough live! A blue whale swims through the depths. Racer snakes pursue an iguana across the desert. Two hapless fools recreate wonderful scenes of the natural world. Catch this award-winning, five-star show for an epic display of clowning, physical theatre, and the largest range of animals you will ever see on stage. A must-see for the whole family. Clownfish Theatre return to FRINGE WORLD with their hit show after a sellout run in 2020. For more information click here.
We are giving subscribers the chance to win 1 of 2 double passes to see Attenborough and his Animals at The Hat Trick at The Woodside Pleasure Garden on Thursday 11 February.
Competition ends Sunday 31 January. Winners will be contacted on Monday 1 February.
“The riots have nothing to do with protesting or struggling for freedom … we must win the battle against the virus together, because that’s the only way of getting back our freedom.”
Major cities worst affected
Police scuffled with rioters in several cities late into the night.
They chased them down narrow streets with vans or on foot as helicopters hovered overhead.
In Amsterdam, groups of youths threw fireworks, broke store windows and attacked a police truck.
Ten police were injured in Rotterdam, where 60 rioters were detained overnight after widespread looting and destruction in the city centre, a police spokeswoman said.
Supermarkets in the port city were emptied, while rubbish bins and vehicles were set ablaze.
Two photographers were hurt after being targeted by rock-throwing gangs, one in Amsterdam and another in the nearby town of Haarlem, police said.
Mr Van de Graaf said much of the aggression had been targeted at police officers.
More than 470 people have been arrested during three days of unrest, with police deploying water cannons and officers on horseback to restore order in several places.
Schools and non-essential shops across the Netherlands have been shut since mid-December, after bars and restaurants were closed two months earlier.
In addition to the arrests, police handed out infringement notices to more than 1,700 people.
The fine for breaching the 9:00pm to 4:30am curfew is 95 euros ($150).
The country’s death toll stands at 13,579, with 952,950 infections to date.
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