Puerto Rico utility debt deal could end up costing island consumers $23 billion FacebookTwitterLinkedInEmailPrint分享The Intercept:Environmentalists have long been accused of being closet austerians: hair-shirted hippies shaming everyone else for their wasteful ways. The Green New Deal even wants to take away your burgers, and you’ll only be able to watch television when it’s windy out.Yet it’s always been the capitalists, the people most opposed to curbing carbon emissions, who are the ones crimping on regular people’s lifestyles. In Puerto Rico, it’s the bona fide austerians — those looking to impose painful cuts to the public sphere — who are getting in the way of environmental progress, pitting payouts to bondholders against sustainability in almost every sense of the word.The fight against austerity and the fight for the planet are one and the same. At 22 cents per kilowatt hour, Puerto Ricans pay higher electricity bills than their counterparts in any state in the continental U.S. A deal to restructure debt incurred by the island’s sole electric utility, the Puerto Rico Electric Power Authority, or PREPA, could raise electricity prices by 13 percent starting in 2020, funneling funds to the same bondholders who helped land the island in billions of dollars’ worth of potentially illegal debt.As it raises rates, the restructuring agreement could further thwart the island’s transition away from fossil fuels — a goal agreed upon by Puerto Rico’s legislature last month. For the next nearly half-century, residents with solar panels could end up paying bondholders twice: once for the electricity they get from the grid, and again for the power they generate for themselves.An analysis from the Institute for Energy Economics and Financial Analysis, or IEEFA, found that the agreement — meant to settle just over $8 billion of debt — could, after principal and interest payments, end up costing Puerto Ricans $23 billion through 2067. The deal allows the roughly half of PREPA bondholders included in the settlement to swap out their bonds for a new class of bonds whose repayment is pegged to ratepayer bills, and recover up to 75 percent of their initial investment — far higher than what financial analysts predicted just months ago.Gov. Ricardo Rosselló has argued that any higher rates will be balanced out by other cost-saving changes to the grid in the next several months, but those plans also remain vague. “We have a very certain and definite increase weighed against some very speculative changes,” said Cathy Kunkel, an energy analyst with IEEFA. “It’s totally counter,” she said, to both the energy bill and PREPA’s most recently available fiscal plan, which they’re required to submit to the FOMB for approval. “Both said that the target was to get rates below $0.20 per kilowatt hour (kWh).”More: To help pay off bondholders, solar panel owners will be hit hard in Puerto Rico
He will start playing games again next week. Gonzalez is scheduled to go through a simulated-game session before the Dodgers’ game on Sunday then joined Triple-A Oklahoma City to begin a minor league injury-rehabilitation assignment next week while the Dodgers are on the road. The choice of Triple-A is partially “logistics-driven and travel, things like that, (but) a little bit the competition” as well, according to Dodgers manager Dave Roberts.Gonzalez said he is planning to stay on rehab for the full 20 days allotted to position players as a way to fully test the back. He wants to play “four or five” games in a row or four in five days to see how his back responds.In second place, 1 1/2 games behind the Colorado Rockies, when Gonzalez went on the DL for the second time this season, the Dodgers have gone 34-6 in his absence, building a 13-game lead in the National League West and are 39-5 when Cody Bellinger starts at first base this season.“It’s been great. It’s always great when the team is playing well,” Gonzalez said of watching it from the bench – an unfamiliar perspective for a player who played 1,745 of a possible 1,782 games over the past 11 seasons. “There’s no need to rush back when things are going so well. You don’t want to mess anything up. … When things are rolling you just sit back and enjoy the show.”When he is ready to return, Gonzalez said “the hope” is he can add to what the Dodgers have going. LOS ANGELES >> Adrian Gonzalez is ready to find out.“It feels good,” the Dodgers first baseman said of the back injury that sent him to the DL. “I’m not playing in pain. But I haven’t been playing baseball games.”Gonzalez hasn’t played a baseball game since June 11. Since then, he has two examinations on the herniated disc in his back, received an epidural injection to relieve the pain and gone through countless hours of physical therapy and core-strengthening exercises. “That’s the plan,” he said.Kershaw’s statusFor the second consecutive day, left-hander Clayton Kershaw was on the field playing catch before the Dodgers’ game. The progress just five days after he left his most recent start with a lower back strain gives the Dodgers reason to be optimistic about Kershaw making good on his promise to “get back quick.”“He’s going to continue to ramp up,” Roberts said. “How aggressively? I think that’s going to depend on the medical staff. But they’ve got their eyes on him.”Roberts said he planned to talk with Kershaw to see if the injured left-hander will make the Dodgers’ 10-day, three-city road trip beginning in Atlanta next week.“For me it’s the thought of being on an airplane, what’s best for his back, how much is he going to get out of being on the road with us. I’ll defer to him,” Roberts said. We want to make sure the right people (from the training staff) have eyes on him.“I don’t even want to speculate but it kind of makes sense that he stay here. But if he has this burning desire to travel then we’ll take that into consideration.”Lefty dealAs Monday’s non-waiver trade deadline approaches, the Dodgers continue to be interested in adding a left-handed reliever to their bullpen mix with Baltimore’s Zach Britton and San Diego’s Brad Hand the most prominent names in play. The left-handed options in the Dodgers’ bullpen have thinned down to Luis Avilan and Edward Paredes (who made his major-league debut earlier this week) with Grant Dayton and Adam Liberatore on the DL.Roberts sounds like he would appreciate adding a left-handed option. But he called it “a luxury” and indicated he doesn’t consider it a hardship because he has three right-handed setup men who have been very successful in retiring left-handed batters – Brandon Morrow (1 for 28 with nine strikeouts), Pedro Baez (13 for 67 with 12 strikeouts) and Josh Fields (nine for 57 with 16 strikeouts).“I think you can ask any left-handed hitter if they would rather face a (right-handed) guy throwing 100 or a wipeout lefty, they’d probably still go right-hander throwing 100,” Roberts said. “But if that’s not in the cards, if it doesn’t make sense for our organization to do something like that, I feel very confident that Pedro, Brandon Morrow, Josh Fields and Kenley (Jansen) can get out a left-hander.”AlsoRight-hander Brandon McCarthy is scheduled to throw a bullpen session Sunday afternoon. McCarthy has not pitched since July 20 due to a recurring blister problem on his pitching hand. McCarthy will progress to a sim-game setting or possibly another bullpen session depending on how Sunday’s workout goes, Roberts said. Newsroom GuidelinesNews TipsContact UsReport an Error
1 Bertrand Traore (right) in action for Ajax Lyon will pay Chelsea £16.75m to land young striker Bertrand Traore ahead of Everton and West Ham.The French club look well set to hold off the Premier League pair in order to complete a deal for Traore.However there were still question marks over the deal, with Chelsea and Lyon yet to agree a fee.But now L’Equipe has claimed that a deal has been reached with a sum of around £16.75m heading Chelsea’s way and the 21-year-old set to sign a five-year deal.The Burkina Faso-born hotshot had emerged as a target for both Everton and West Ham after he scored nine goals in 24 appearances on loan at Ajax last season.But Lyon moved quickly to land him despite strong interest from within England.
Earlier this month Amy Sample Ward interviewed ReadWriteWeb’s Marshall Kirkpatrick about our report on the real-time Web and how real time impacts the world of nonprofit organizations. Sample Ward helps nonprofits, community groups and those in the social change sector use new technologies, and is the co-author of Social by Social, a handbook in using social technologies for social impact. Her conversation with Kirkpatrick started with the basics of what real time is, and then moved to the big question: How can nonprofits or social impact groups take advantage of the real-time Web?First, what does the “real-time Web” really mean? “It means different things to different people, but the most literal meaning is probably this: real-time systems push information from a publisher to a subscriber (be they a human reader or a machine consuming information) as soon as it’s available, without the subscriber having to ask if there’s anything new.“Think of how Facebook notifies you that you have new messages without having to refresh the page, or the way your Instant Messaging client shows you new messages as soon as they are sent. The underlying technologies used in those kinds of circumstances are now being integrated into all kinds of other websites because real-time delivery of information changes the user experience radically and offers all kinds of benefits. It’s smoother for users, users and systems get to take action immediately on new information and it’s much more efficient, meaning that your technology can do more with less computing expense.”When did RWW start focusing on the real-time Web?“Probably middle of 2008. Like people generally do, we thought about the impact that Twitter and Facebook were making on the web. When we looked deeper though, we quickly found out that there is far, far more going on in the real-time web than those two services.”For the report, you interviewed 50 Web experts – what were some of the surprising things you heard?“I was surprised to learn how broad this field is. We talked to people working with public records extraction in real time, with designers building lightweight, real-time presentation sharing tools, Google engineers have some incredible ideas about ways they hope that their PubSubHubbub real-time protocol will be used – stuff like real-world sensor networks and contact info syncing. When I started those interviews, I knew there were broad possibilities but I had no idea how broad.”How has the real-time Web already impacted nonprofit organizations or those focused on social impact work?“One of the organizations I did an interview with was the American Red Cross. As they say, “at the Red Cross, the real-time web saves lives.” Real-time information delivery has changed the way that organization works in radical ways. It’s amazing. Disaster response work that used to take days now takes minutes, using a combination of Sharepoint, mobile devices and airplane surveillance. The Red Cross also pays very close attention to the rest of the real-time web, though. I was fascinated to find out that the team at HQ is full of fans of the Breaking News Online iPhone app.”What impacts are right around the corner?Organizations that choose to do so are already able to run circles around the web using these real-time technologies. I expect that some will do so and many will not. It will be like the difference between organizations that developed an effective web or email presence early vs. those that did not. “If organizations want to be relevant and effective, they will need to incorporate some elements of real-time information delivery into their work flow. Be that pushing real-time updates out to their websites and supporters, consuming updates on breaking news in their sector in real time, or collaborating remotely in real time. Using only the parts of the web that you must refresh for updates, when you remember to do so, be they email or web pages, will soon feel like putting your ear up to a tin can with a string connecting it to some other tin can far away. “I don’t mean to say that everything will be real time and you must always live in that flow, but I do believe it’s fast becoming an essential form of engagement. Not just because everyone is doing it, either, but because it’s really very useful.”How can nonprofits or social impact groups take advantage of the real-time Web?“There are as many ways to take advantage of the real time web as there are to use the web in general. Here’s one of my favorite stories though. Some time back I was doing a workshop for nonprofit communications people and one of the attendees worked for a women’s advocacy organization. As a proof of concept, we took the RSS feed of the New York Times and filtered it for keywords related to her organization’s areas of interests, I think we used Yahoo Pipes to filter, it might have been FeedRinse.com, but that’s not hard to do in many different ways. “Then we took the filtered RSS feed and we ran it through an RSS to SMS/IM alert service. I use Notify.me a lot but even faster than that now is an iPhone app called Notifications. Or have your team’s geeks check out Superfeedr.com. So the idea was, this person could then watch the NYT feed automatically, get an SMS or IM alert whenever a relevant story was published and then she could call up her local newspaper or other press. “‘I don’t know if you’ve heard about this story breaking on a national level,’ she could say, and of course they probably hadn’t because they don’t have robots watching for these things automatically, ‘but if you’d like to cover this topic on a local level, our Executive Director is an excellent source for information.’ That journalist will love you for it. Do that enough times and your organization, no matter how small, will have a chance to grow its public profile substantially.“That’s just one idea. There are countless other ways that real-time information delivery can be leveraged by nonprofits. From live video to live updates to live collaboration, more and more experiences online are going on in real time.”Our report, “The Real-Time Web and its Future”, includes case studies, profiles, sector overviews and more. Find out more, and download a sneak peak, here. Why Tech Companies Need Simpler Terms of Servic… guest author 1 Related Posts 8 Best WordPress Hosting Solutions on the Market Tags:#Real-Time Web#web Top Reasons to Go With Managed WordPress Hosting A Web Developer’s New Best Friend is the AI Wai…
Don’t miss out on the latest news and information. View comments Kammuri turning to super typhoon less likely but possible — Pagasa MOST READ Stronger peso trims PH debt value to P7.9 trillion LATEST STORIES Read Next Japan ex-PM Nakasone who boosted ties with US dies at 101 “Throughout my time in ONE Championhsip, I have been a witness to some of the best martial arts talents,” said Franklin. “Stars today such as Angela Lee and Eduard Folayang came from the grassroots level of talent in Asia and the next martial arts superstar is just waiting to be discovered.”Selected athletes will compete in trial exhibition bouts and all have a chance to earn a six-figure contract with ONE Championship. Brace for potentially devastating typhoon approaching PH – NDRRMC ONE Championship is in search of the next fighting superstar.The premier mixed martial arts promotion in Asia launched a new documentary series that features Rich Franklin traveling from gym to gym looking for up and coming martial arts talents.ADVERTISEMENT Kris Aquino ‘pretty chill about becoming irrelevant’ Typhoon Kammuri accelerates, gains strength en route to PH Potts grateful to end college career with a title after season’s struggles QC cops nab robbery gang leader, cohort Sports venues to be ready in time for SEA Games PLAY LIST 00:59Sports venues to be ready in time for SEA Games01:27Filipino athletes get grand send-off ahead of SEA Games00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA “One of our biggest missions is taking martial arts, Asia’s greatest cultural treasure, and placing it front and center for the entire world to witness,” said ONE Chairman and CEO Chatri Sityodtong.“We are excited to travel across Asia, visiting the most iconic cities, to discover the next big superstar.”FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutFranklin, a multi-time middleweight champion when he was still fighting, will make stops in Bangkok, Manila, Seoul, Tokyo, and Beijing.Now serving as ONE’s vice president, Franklin said he looks forward to the new practitioners that can elevate the sport of mixed martial arts to a new level.
Olympic Games is not just about celebrating what the human body can achieve, but it also provides a huge platform for sex, sleaze and boozing.Just days before the London Games begin, an American athlete has revealed that partying and sex are usual at the Olympic Games Village.The female athlete revealed shocking details of the open sexual relations within the Olympic Games Village. It is not just athletes indulging in sex within the village, but also the wild drunken parties that happen at the village.The athlete exposes dark dirty secrets of one of the most prestigious sporting event. These shocking revelations are bound to take some sheen of the oldest games and cast the elite athletes in rather poor light.
Mourinho couldn’t get reaction from Man Utd players – Lascellesby Freddie Taylor10 months agoSend to a friendShare the loveManchester United players lost faith in former manager Jose Mourinho, according to Newcastle United captain Jamaal Lascelles.United have won three straight games since Mourinho’s sacking.Ahead of Wednesday night’s clash with United, Lascelles said: “They probably needed that (a change at the top). They have world-class players on big wages who have done it for their countries and for other teams, but have not done it for Manchester United.”Some players can only play for certain managers and that reaction you get from the players.”Maybe (Solskjaer) might be the difference in getting the best from those players. They have a lot of quality. It will be an exciting game.” About the authorFreddie TaylorShare the loveHave your say
Reds+0.58-0.04-0.22 Diamondbacks+0.28+0.04+0.17 Rangers+0.24-0.78-0.08 Cubs+0.49+0.74+0.84 Padres+0.94-0.11+0.13 Twins+0.41-0.03-0.10 Phillies+0.35+0.05+0.35 Red Sox+0.63-0.27-0.12 Cardinals+0.44-0.26-0.02 Royals+0.85-0.27-0.20 Mets+0.23-0.19-0.04 Giants+0.50-0.04+0.05 Astros+0.87+0.09+0.11 Rockies+0.88+0.13+0.12 Pirates+0.92-0.13-0.07 Yankees+0.90+0.62+0.74 Braves+0.46+0.11+0.08 Mariners+1.07-0.38-0.35 SENTIMENT SCORE Tigers+0.55+0.15-0.11 Baseball teams have a way of dragging their fans’ moods with their fortunes on the field. It’s no fun to root for a perpetually losing team, especially if its performance seems unlikely to improve. Conversely, an unexpected contender has a way of lifting one’s spirits.But wins and losses are much easier to measure than happiness. We do have a proxy, though: the masses at Reddit. I scraped comments from each team’s subreddit1Using this script to get text from specific subreddits. on the website and determined how happy their comments were.2In technical terms, the valence of each subreddit, or how positive it was. To do this, I used the AFINN-111 word list, which was assembled by Finn Arup Nielsen in 2011. To do that I used sentiment analysis, collecting the words used by each fan base to determine their overall level of joy. More positive words (“win,” “wow,” “wonderful”) point to a happier fan base, and more negative words (“unimpressed,” “miserable,” “wrong”) suggest the opposite.Here are some highlights of what I found (a full table is at the bottom of this post):There are some caveats, as there always are with sentiment analysis. The word list I used was calibrated to a sentiment analysis of Twitter — it’s possible that language is used differently on Reddit, and so the sentiment scores may not be as calibrated to the medium as they would be if we had Reddit-centric sentiment scoring. For example, the word “damn” is rated as strongly negative, since it is usually a negative exclamation (“damn, we lost again”). However, it can also be used in a positive sense: “damn, that was our fifth straight win, we are pretty good.” And maybe people on Reddit “damn” more positively than the hordes on Twitter. (The same can go for any word used atypically in any sentence, making its meaning different from how the algorithm interpreted it.) Also, people who write on Reddit do not constitute a random sample of a team’s fans.But let’s get back to the results. Hope springs eternal in the offseason but is extinguished for many fan bases by July.3All measurements come from three time periods: one preseason (Feb. 15 to March 15), one pre-trade-deadline (June 15 to July 15), and one crossing the trade deadline (July 15 to Aug. 15). That makes sense given how many teams don’t have any hope left. In the preseason, only one team — the Phillies — had playoff odds less than 1 percent, per FanGraphs. Now, 11 teams have odds less than 1 percent. Sentiment scores per word — our index of happiness — tended to be between 0.3 and 1 on the sentiment scale in the offseason, indicating that the average word was a positive one (between a neutral word and the word “agreement”). Nowadays, the same scores have plunged. Clearly the grind of the MLB season wears on the fans’ happiness as it does the players.Every fan base lost some of its happiness from the preseason, save one: the Chicago Cubs, who increased their sentiment score by a bit. The Cubs have not only been contenders in the crowded National League Central, they have also seen a number of top prospects called up, most notably Kris Bryant (but also Addison Russell and Kyle Schwarber). Not only are the Cubs contending a little earlier than expected — the future is even brighter.All other teams’ fans have become much less happy since February, but not all by the same amount. The change in sentiment score from February to July is roughly in proportion to the change in playoff odds of each team.4The correlation coefficient is r = -.3, which is not quite significant. Teams that made strides in their playoff hopes such as the Yankees, Angels and Dodgers have seen the smallest declines in sentiment since February. At the other end of the spectrum, teams such as the Mariners, Athletics and Padres have seen their playoff odds tumble. Their fan bases also have had some of the most pronounced declines in sentiment scores per word.From July to August, sentiment scores were steady, fluctuating about four times less than they did from February to July.5The Pearson correlation value was a strong .746. The trade deadline didn’t seem to do much to move the needle in terms of fan happiness, but the teams that did gain are mostly the ones you’d expect: the Blue Jays (who strengthened their roster enormously), the Cardinals (who locked down a playoff spot) and a few others who were riding winning streaks. On the other side, the Tigers lost happiness, witnessing their championship window close and their highly regarded general manager leave.Although on-field success can buy happiness, it doesn’t seem to work for every team. The Royals have gained the most playoff probability of any team since the preseason, but they lost the fourth-most happiness from the offseason to July. There are any number of potential reasons6Including the All-Star controversy, an injury to their star player (Alex Gordon), and enmity from other teams/fan bases. for the relative grumpiness of Royals fans, but one may be that fans were more optimistic about the Royals than the projection systems. While contention in Kansas City may seem surprising to sabermetricians, it may not to Royals fans who were riding high off a World Series appearance.Conversely, failure on the field isn’t necessarily enough to dissuade a happy fan base. The Phillies, hopeless since the beginning of the year, nevertheless have fans who aren’t that much sadder than they were before the season. Despite the loss of erstwhile ace Cole Hamels at the trade deadline, fans have gotten happier since July — his trade and others signaled a shift in direction for the team toward rebuilding. As above with the Cubs, fan bases seem to not only weigh the present but also to consider the prospect for future improvement.There are also some inexplicable cases such as that of the Rays, whose fan base declined in sentiment much more dramatically than their playoff odds would lead one to expect. It’s possible that the Rays’ 4-8 slide in July before the All-Star break had something to do with it, or the seven-game losing streak from June 28 to July 4. The streaks, winning and losing, may play havoc with fans’ emotions, causing people to see false patterns suggesting imminent decline in what is mostly random fluctuation.Obviously, we’re grasping for answers as to why fans are happier or sadder as the season goes by. But the general trend seems to be that a complex calculus of current performance and hope for the future dictates how happy each team’s fan base feels. Of course, it all resets come March. Hang tight, Reds fans. Only a few more months to go. Angels+0.28+0.21+0.08 TEAMFEBRUARYJULYAUGUST Blue Jays+0.28-0.03+0.21 Nationals+0.61-0.11-0.18 Rays+2.24+0.04+0.27 Dodgers+0.29+0.07-0.15 Athletics+0.62+0.10+0.10 Marlins+1.44-0.08+0.19 White Sox+0.940.00-0.07 Brewers+0.71-0.29-0.06 Indians+0.66+0.05-0.02 Orioles+0.43-0.07+0.08
Penn State football coach Bill O’Brien instructs his players during a game against Eastern Michigan Sept. 7 at Beaver Stadium. PSU won, 45-7.Credit: Courtesy of MCTAfter nearly two years of heartbreak, allegations and eventual unprecedented sanctions handed down by the NCAA, things might be looking up for the Penn State football program.In the wake of the Jerry Sandusky sexual abuse scandal, college sport’s governing body ordered the university to pay $60 million over five years to a special endowment created to fund programs preventing child sexual abuse, initiated a four-year bowl ban, vacated victories between 1998-2011 and took away scholarships. A bit of that changed Tuesday.PSU initially was only going to have 65 football scholarships beginning in 2014, but instead will receive 75 that year, 80 in 2015 and the full 85 in 2016.That could go a long way to restoring a program and school that was ravished by the scandal, potentially bringing it back to Big Ten relevance quickly.“We’re happy right now for our players; our student-athletes that are here and our football program,” PSU coach Bill O’Brien said Tuesday on the Big Ten teleconference. “They’re a resilient bunch of kids… We’re just trying to take it one day at a time and working as hard as we can and continuing every single day to try to do the right thing.”O’Brien is 11-5 in just over a year as the head man of the Nittany Lions and is scheduled to lead them to Indiana for its Big Ten opener Saturday. PSU fell at home to Ohio State 35-23, in 2012 and is scheduled to visit Columbus at the end of October.The NCAA announcing the restoration of the scholarships to the program could help to improve recruiting in the immediate future, but O’Brien said his strategy for attracting players to State College is between him and his coaching staff.“Obviously, we’re able to sign some more guys and be able to have a roster of 75 scholarship players next year so things will change and we’ll see how that goes,” O’Brien said. “Right now we’re not going to comment on that or talk about that. That’s between the staff, myself and that’s about it.”The Nittany Lions and Buckeyes sport two of the largest stadiums in college football, and the rivalry that has ensued within the confines of each has yielded nothing short of exciting contests. OSU leads the overall series 14-8, with many of the matchups occurring when both teams were ranked.OSU coach Urban Meyer’s only time facing PSU was the victory at Beaver Stadium last season.Meyer was not asked about the reduced sanctions Tuesday on the Big Ten teleconference.OSU is set to open conference play Saturday in Columbus against No. 23 Wisconsin at 8 p.m. The Buckeyes will take on Penn State in Columbus Oct. 26.