131 Pullenvale Road, Pullenvale, sold for $4.4m last week.When a home has a showroom for eight vehicles – not a garage – it’s no wonder it fetched a $4.4m price – and then there’s the amazing Georgian manor itself, 15km from Brisbane CBD.The six bedroom, four bathroom, eight car park home sits on a hectare of land at 131 Pullenvale Road, Pullenvale, about 20 minutes drive from the Brisbane CBD.MORE: New weapon for property buyersHomeowners could save thousandsCattle station sold for massive $35m via online auctionWould you design your own dream home plot if you could?The garage is on the left of the home.The elegant kitchen.Brett Greensill and Jermaine Jones of McGrath Estate Agents New Farm sold the home last week for $4.4m after listing it as a “fully rebuilt, renovated, extended and newly landscaped family home”.That’s somewhat of an understatement for this sprawling property which the owners had re-done since buying it 15 years ago.The home sold n September 10.Indoor-outdoor flow.“The quality of this renovation is flawless with exceptional attention to detail and makes this one of Brisbane’s finest acreage properties,” was how it was described in the listing.More from newsParks and wildlife the new lust-haves post coronavirus8 hours agoNoosa’s best beachfront penthouse is about to hit the market8 hours agoIt’s more resort-style living than anything else. The six bedroom are all suites, two of which are masters and two for guests.The home has a multi-zoned temperature controlled wine cellar with tasting room.It has landscaped and irrigated gardens, a resort pool, tennis court, that eight-vehicle showroom, a gym, workshop to potter in, handpainted bespoke cabinetry, stone benchtops, fully zoned airconditioning and comprehensive security systems.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58As if that’s not enough, there’s even a “multi-zoned temperature controlled wine cellar with tasting room”.The sale was the highest price fetched in Queensland last week, according to CoreLogic records.LATEST REAL ESTATE NEWS
The Belgium international landed on Merseyside for a flying visit from his homeland on Wednesday to finalise a five-year contract after a £28million deal – believed to be a £25million fee with subsequent add-ons – was agreed with Chelsea. Everton’s previous record was the £15million paid to Standard Liege in 2006 for midfielder Marouane Fellaini, who moved on to Manchester United last summer for £28million. Martinez stressed, however, the player will not carry that burden into the dressing room. “Rom is vitally important but his transfer fee will not count for anything in terms of him developing and having an important role in the side,” said the Spaniard. “This dressing room has got a special feeling and it is not about how much you pay for players to come in, it is about selecting the players to be in there. “We really needed Rom at the club and that is where the chairman (Bill Kenwright) and the board have been exceptional, and I do think it is a key moment at our club. “I am looking at that number nine position – and I am probably biased – but he is potentially the best choice in world football. “In years to come you will see him develop into someone special, but nothing changes for Rom. “He needs to enjoy his football, have the same standards he had and I am excited to see how far Rom can take us and how far we can take Rom. “That is the partnership we can see here. Press Association Everton may have smashed their transfer record to sign striker Romelu Lukaku but manager Roberto Martinez insists the fee is irrelevant if the player fulfils his potential. “It is true this moment in Rom’s career is very significant because he is very ambitious, he wants to be successful and win things and wants to develop to the top of his potential. “That is what we want to be as a team, so it is a perfect fit.” Lukaku said he is comfortable with the transfer fee and intends to provide the goals, having scored 16 in 33 appearances on loan at Goodison Park last season, to help fire the club into the Champions League. Asked how long it could be until the Toffees were playing alongside Europe’s elite, the Belgian said: “If we continue to develop like we did last season very soon. “I wanted to stay in the Premier League because it is the most attractive league in the world and also the best. “For me it was easy to stay here and help the team reach that level. “I think the club wants to make a statement and I want to help the club to make a statement in this league. “I don’t put myself under pressure and just want to help my team-mates make this team as good as possible.” Martinez is still keen to add more signings, having already secured another loan player Gareth Barry on a permanent deal and also brought in £4million midfielder Muhamed Besic. However, he may now have to rely on loan signings – the Toffees have been linked with a temporary deal for Chelsea’s Christian Atsu – having used most of his transfer budget to secure Lukaku. “I said before we signed Rom we need three attacking players and that has not changed,” said the Everton boss. “I always said money shouldn’t be the difference between being able to challenge or not. “It excites me when I see the side we have. Maybe some have the excuse of having to have a certain amount of money to challenge for titles, but I don’t look at it that way.”
New Delhi: Afghanistan’s tour of Bangladesh is proving to be historic in more ways than one. After winning the one-off Test by 224 runs, Afghanistan joined Australia as the only team to have won two out of their first three Tests. Following their victory in the Test, Afghanistan have gone on to create more history this time in the Twenty20 International format. After winning the game against Zimbabwe, Afghanistan defeated Bangladesh by 25 runs in their next game to create a new world record. The win against Bangladesh was their 12th consecutive win in the format, beating their own previous record of 11 which was set in 2016/17 season.Afghanistan chose to bat against Bangladesh and they were in big trouble at 40/4. However, Mohammad Nabi and Asghar Afghan stitched a vital 79-run stand. Both Nabi and Afghan smashed a six in one over bowled by Taijul Islam and Mosaddek Hossain. Nabi, in particular, cleared the boundary with effortless ease. However, Bangladesh fought back when Mohammad Saifuddin picked up two wickets in the 17th over but the 18th over changed the course of the game totally. Nabi notched up his fifty and he blasted two fours and two sixes off Soumya Sarkar as the 18th over produced 22 runs. Nabi blasted two more sixes off Saifuddin as he ended up on 84 off 54 balls with three fours and seven sixes.Also Read | Seven Balls, Seven Consecutive Sixes! Yes, This Happened In T20 Match Between Afghanistan And ZimbabweIn response, Bangladesh struggled to get going against Mujeeb Ur Rahman’s variations and he ended up with 4/15 in four overs as Afghanistan stayed unbeaten with their second straight win. This was Afghanistan’s 12th straight win and it began in 2018 during the series against Zimbabwe in Sharjah. Afghanistan won both games against Zimbabwe by five wickets and 17 runs to sweep the series 2-0.Also Read | India Beat Bangladesh In Under-19 Asia Cup Final Thriller, Here Are Other Instances Of PainHowever, greater glory was on offer in the June series against Bangladesh in Dehradun. In the three-match series, Afghanistan won all games by margins of 45 runs, six wickets and the final match by one run with Rashid Khan defending seven runs in the final over. They achieved double success against Ireland when they defeated them in the two-match series in Bready as well as in the three-game series in Dehradun. After winning for the eighth time against Zimbabwe, they have defeated Bangladesh yet again.The previous streak of 11 had begun when they defeated the Twenty20 champions West Indies in Nagpur during the 2016 World T20 and they secured big wins against UAE and Ireland. With Afghanistan performing brilliantly, it is only a matter of time before they win their first major tri-series competition and continue their path of breaking history at a given point in time. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.
A Donegal school has recored the 1000th seismic record in the Seismology in Schools programme.St Columba’s College (station DL02) is an event from 3rd October in the Dodecanese islands.It struck at 04:44 UTC and registered a magnitude of 5.1Station DL02 began recording data in April 2010; the seismometer is in the school physics lab, from where it has detected earthquakes, North Korean nuclear tests, and quarry blasts.St Columba’s College records and submits more data than any other school or university on the global SiS network.Donegal school records 1,000th seismic record on schools programme was last modified: October 7th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)
Melissa Jane Cook The Union Buildings have become an iconic landmark in Pretoria, South Africa. Resting impressively upon Meintjieskop they tower like a fortress over the capital.(Image: SANews.gov.za)MEDIA CONTACTS• Josias Pila Communications OfficerDepartment of Arts and Culture+ 27 12 441 3713 / +27 78 733 9709RELATED ARTICLES• Mandela stands tall at Union Buildings • Women in the struggle remembered • The world pays tribute to a great man • Gallery: Jacob Zuma’s inauguration • South Africans queue to say goodbye to MandelaThe Union Buildings have become an iconic landmark in Pretoria, South Africa. Resting impressively upon Meintjieskop they tower like a fortress over the capital.The buildings are a constant reminder of political change, but have recently enjoyed the spotlight in the wake of iconic former president Nelson Mandela’s death. On these grounds Mandela lay in state; the building is, this year, 100 years’ old; on its grounds a massive nine-metre bronze-plated statue honouring the Father of the Nation was unveiled; and President Jacob Zuma declared the edifice a South African national heritage site.“As we celebrate 100 years of the Union Buildings, we do so satisfied and happy that this seat of government is now not only rich in terms of its aesthetic beauty only,” President Zuma said at the annual 16 December Reconciliation Day commemorations; “It is also rich in moral value and symbolism as well. Given its growing national importance, we have decided to declare the Union Buildings a national heritage site.”The Union Buildings house The Presidency and the Department of International Relations and Cooperation.The history of Pretoria and a heritage of changeOriginally Pretoria was the capital of the independent Boer republic of the Transvaal; it then became one of the three capitals of South Africa and an international symbol of apartheid in the 1940s.A paradigm shift in 1994 heralded the jubilant inauguration of former President Nelson Mandela, South Africa’s first democratically elected president. The Union Buildings transformed from a symbol of white, supremacist domination to one of genuine unity.“By declaring the Union Buildings as a national heritage site, we are acknowledging its historic significance and affirm its value as one of the sites that houses our nation’s heritage.“We are doing this as part of our ongoing work to write a new and inclusive narrative for our country, while we acknowledge the past; we also emphasise that we are now one nation and that our national symbols need to reflect that unity in diversity,” the president said in his address.DesignInfluential architect Sir Herbert Baker designed this space in 1908. Building began in 1909 and it was completed in 1913. With construction spanning almost three years, it took some 1265 artisans and labourers to construct, using 14 million bricks for the interior office walls, half a million cubic feet of freestone, 74 000 cubic yards of concrete, 40 000 bags of cement and 20 000 cubic feet of granite.Baker was strongly in favour of building at Meintjieskop, which was within a mile of the centre of Pretoria and reminded him strongly of the acropolises of Greece and Asia Minor, where he had studied Mediterranean architecture.The concept of an acropolis and a building was in line with renowned British architect Sir Christopher Wren‘s theory that a public building should be a national ornament which establishes a nation, draws people and commerce and makes people love their country. The then powers that be, who, at the time were preoccupied with the ideal of establishing a new and united nation, were easily persuaded to approve the project.“People will come from all over the world to wonder at the beauty of the site and to admire the forethought and courage of the men who selected it,” remarked the British high commissioner at the time, Lord Selborne.Initially built to house the entire public service for the Union of South Africa, it was then the largest building in the country and the largest building work undertaken in the southern hemisphere at that time.A symbol of unity and freedomThe Union Buildings were commissioned as part of establishing the Union of South Africa. Prior to this, South Africa had been divided into two British colonies and two independent Boer republics, which were all unified into one country after the Anglo Boer War.From the mid-twentieth century, the Union Buildings served as a location for political protests, particularly during apartheid, and represent a dark layer of South Africa’s history.Baker envisaged two identical wings spread out as a symbol of the meeting of English and Afrikaans cultures, the unification of a divided people. These wings were to be linked by a semi-circular wing, and the space in-between was levelled to form an amphitheatre, in the Greek fashion, for gatherings of national and ceremonial importance. This was to symbolise the unity accomplished after the Anglo Boer War.The middle of the dome was meant to emulate the White House dome in the United States and was designed to symbolise a temple of peace; the dome was never finished and the Union Buildings are incomplete.The matching statues atop the domed towers depicting Greek Titan Atlas holding up the world were sculpted by Abraham Broadbent.The statue on the domed rostrum in the amphitheatre between the wings depicts Mercury, a mythic Roman messenger and a god of trade, sculpted by George Ness.The closest suburb to the Union Buildings is Arcadia, which means “Playground of Gods”.The Union Buildings precinct is not only held in high esteem due to its political reference, it also holds immense social value. Newly-weds come to the gardens to take pictures for posterity and busloads of tourists visit on a daily basis. “It has become a people-centred precinct,” said the president.The Nelson Mandela amphitheatre has held many political gatherings and is still used today for important occasions. Historical events at the amphitheatre include the first prime minister of the Union of South Africa, Louis Botha’s triumphant return from the conquest of South West Africa, General Jan Smuts’s victorious return from the Second World War East African Campaign, and former prime minister, Hendrik Verwoerd’s funeral.“The Union Buildings as a place or site of significance enriches people’s lives, providing a deep and inspirational sense of connection to community and city landscape, to the past (history) and memories. It is a tangible expression of a proudly South African identity and experience,” said a spokesperson at the Union Buildings.“As a place of significance it reflects the diversity of the South African society, telling us who we are, the past that has formed us as well as the South African landscape. The site is therefore irreplaceable, precious and indeed of national importance; hence it must be conserved for present and future generations.”Presidential inaugurations are held at the Union Buildings; the official offices of the president are on the left side, and the South African national flag is flown on the left side if the president is in office.The gardensSurrounded by terraced gardens various monuments dot the expansive lawns, including the Delville Wood War Memorial, a tribute to South African troops who died during the First World War, and a plaque in memory of those who died during the Korean War. A statue of the country’s first president, General Louis Botha, on horseback, dominates the lawn, along with the 9 000-seat Nelson Mandela amphitheatre.The South African Police Memorial is at the top right of the gardens.The South African National Film, Video and Sound Archives is on the grounds of the Union Buildings, and adjacent to the Police Memorial.The land the buildings stand on originally belonged to Pretoria’s first magistrate, Andries Francois Du Toit. He sold his land, called Arcadia, to Stephanus Jacobus Meintjies, after which Meintjieskop is named.History made at the Union BuildingsOn 9 August 1956, 20 000 women marched to the doors of the Union Buildings, chanting “Wathint’ Abafazi, wathint’ imbokodo!”, which means “strike the women, strike the rock”, to protest against the pass laws of 1950. This historical event is commemorated by the public holiday National Women’s Day.On 10 May 1994 the inauguration of former president Nelson Mandela and his vice-presidents, after the country’s first free elections, heralded the beginning of a new era in South Africa’s history.On 31 December 1999 the South African flagship Millennium Celebration was held here. In attendance were the then-deputy president, Jacob Zuma, and other ministers.On 10 December 2013, the Union Buildings Amphitheatre was renamed the Nelson Mandela Amphitheatre.On 16 December 2013, a nine-metre bronze-plated statue of Mandela was unveiled at the Union Buildings.“The unveiling of the Nelson Mandela statue was a significant tribute for a modern African statesman in a colonial building that once upheld values of hostility, resentment and division,” said Brian McKechnie of the Gauteng Institute of Architects.“This new Madiba monument will not merely enhance the attraction and gravitas of the Union Buildings as a national heritage site. It will also remind the nation daily about the values of unity, reconciliation, compassion and Ubuntu,” President Zuma said.The statue was designed by two sculptors, Andre Prinsloo and Ruhan Janse van Vuuren.Former prime minister, James Barry Hertzog’s statue was relocated to accommodate Madiba’s memorial sculpture. Hertzog had led the minority white government from 1924 to 1939.President Zuma said the statue will forever remind the nation of Madiba’s towering vision and stature; “He rises majestically at the seat of government, as a symbol of peace, reconciliation, unity and progress. It will remind us of his commitment, his leadership and his dedication to the struggle against apartheid.“It will forever remind us of his commitment to an improved quality of life for all. It will also remind us of how far we have come as a nation in just a few years. The glaring reality is that before 1994, there would have been no statue of Madiba at the Union Buildings.”The significance of the Voortrekker Monument and the Union Buildings in the national consciousness is such that a law in Pretoria limits the height of any building between them so that the view remains unobstructed.The Union Buildings share duties with the Houses of Parliament in Cape Town as the seat of the South African government. Pretoria shares duties with Cape Town and Bloemfontein as the capital cities of South Africa.Pretoria has the second largest number of embassies in the world, after Washington, DC, most of which are in or near Arcadia.
10 March 2016Almost 400 Africans living in the United Kingdom and the rest of Europe turned up for a meet and greet at London’s Park Plaza Victoria to learn more about how Africans living and working abroad were able to return home.The road leads us home. #HeartAfrica #home #beach pic.twitter.com/j1I5euDjpv— HomecomingRevolution (@HomecomingRev) March 9, 2016Homecoming Revolution, a recruitment firm for global Africans, together with its various partners including Brand South Africa, hosted the event on 4 and 5 March. It clarified the details and logistics of how Africans living and working abroad were able to return home, including information on careers, property trends, relocation services, education and immigration advice.“People flew in from Belgium and France especially for the Brand South Africa Cocktail & Pam Golding Lunch, highlighting the level of interest among Africans in Europe in opportunities back home,” said Homecoming Revolution chief executive Angel Jones.Employment, property and educationAttendees met representatives from top pan-African employers, including Agco, Bryanston Consulting, Guaranty Trust Bank, Ipreo, Nelson Mandela Children’s Hospital, Mace, MultiChoice and Africa Health Placements, to discuss career opportunities back home.A presentation by Pam Golding Properties unpacked the intricacies and requirements of the current African property market. Advice and logistical details on repatriation and shipping were also presented by the White & Company international moving firm.Delegates at #HRLondon16 get advice on removals, storage & shipping from @WhitenCompany pic.twitter.com/n9qA4RmL7R— HomecomingRevolution (@HomecomingRev) March 8, 2016Schools such as Roedean School (SA), Kingsmead College, Hilton College, and St John’s College also exhibited, offering advice and information on schooling and education.Homecoming success [email protected] @nikrabinowitz & @pumelasalela have a dance following an incredible #HRLondon16 #heartAfrica @Brand_SA pic.twitter.com/7y04J2jdSd— HomecomingRevolution (@HomecomingRev) March 9, 2016In addition to a performance by South Africa’s only isiXhosa-speaking Jewish comedian, Nik Rabinowitz, who updated the expat audience – in his own unique, light satirical touch – on the challenges of living in Africa, the event also offered some enlightening homecoming testimonials and other expert insights into the continent.Keynote speakers included Pumela Salela, Brand South Africa’s UK country head; Bankole Cardoso, Nigerian “homecomer” and entrepreneur; and Eddie Mandhry, the director for Africa of the Yale Office on International Affairs. Salela called the event “exceptional”, saying it was evidence of expats’ “greater emotional connection to Africa”.Thanks to @Makro_SA, everyone at #HRLondon16 was left full of their favourite #SouthAfrica snacks. pic.twitter.com/SLx8Qq6TPR— HomecomingRevolution (@HomecomingRev) March 9, 2016Each attendee also received a Taste of Africa gift pack of uniquely African snacks and drinks, sponsored by Makro and AVI Brands.Key trendsHomecoming CEO @angel1jones with @Brand_SA‘s @pumelasalela at #HRLondon16 @glosaf pic.twitter.com/ArRb0xarOL— HomecomingRevolution (@HomecomingRev) March 8, 2016In her address, Jones told attendees that throughout the Homecoming Revolution’s research and interaction with Africa expats, four specific trends emerged regarding the desire for those living abroad to return to their home countries.4 key trends emerge from #HRLondon16 https://t.co/MJQAy3uSFG pic.twitter.com/S3YbQV5P1H— HomecomingRevolution (@HomecomingRev) March 9, 2016More young peopleJones explained that over the past couple of years there had been a marked increase in the number of young people expressing a desire to return home, adding that “70% of attendees at our London event were aged below 45. mainly young singles, newly married couples and families with small children”.Africa is surprising, but so are its peopleLike the saying went, “Africa is not for sissies”, the continent was full of surprises – some good, some bad – but, as Jones explained, its people were also determined to deal with those surprises.“You can’t put Africa into a box. (its) unpredictability makes for a tenacious person. Risks are big (in Africa), but the rewards are even bigger.Critical skill requirements are growing“As industries across the continent evolve and diversify,” Jones said, “the need for skilled African diaspora professionals becomes ever more apparent. This was our most diverse employee event ever. While the event is usually top heavy in the financial services space, industries it covered now included consulting, construction, agriculture, health care, media, research and financial data.”Johannesburg is a desired destinationWhile Cape Town and Durban have usually been the cities of choice for homecoming expats, according to Jones “more and more people are beginning to view Johannesburg as a preferred destination. In recent years, the city has shed its black sheep image in favour of becoming the continent’s career hub as well as a hip and buzzing urban centre.”Eager to come homeSpeed networking at #HRLondon16. Such an incredible buzz! #heartAfrica pic.twitter.com/uJqJf7K0gg— HomecomingRevolution (@HomecomingRev) March 9, 2016Attendees were vocal about their desire to return to their countries of origin, and while they were realistic about the logistics of fulfilling that desire, they welcomed the assistance of Homecoming Revolution and its partners in making their desires easier to achieve.“It was so inspiring,” said Danielle Lefebvre. “It gave me goose bumps and definitely. hope of returning in the future.”The inspirational @pumelasalela had the crowd on their feet at our London event!A true ambassador for SA! @Brand_SA pic.twitter.com/kpevJx5sZd— HomecomingRevolution (@HomecomingRev) March 8, 2016Juanique Ferreira, who works in London, said the event helped her confirm what she had thought all along, that moving back home was the right thing to do. “I need to make it happen. Homecoming Revolution’s event has given me so much hope.”Other attendees, including Nana Ocran, praised Homecoming Revolution’s dedication to bringing the message to expats, both the good and the bad of returning home. Jones’s passion, motivation and inspiring message from the continent made the concept of homecoming a positive, fun prospect. “Inspiring, thought-provoking and I feel absolutely energised,” said Ocran, adding that she was excited about. returning back home.”Source: Homecoming Revolution South Africa
David Goldstein is energy program co-director for the National Resources Defense Council in San Francisco. This post was originally published at NRDC Switchboard. The first part of this blog series may be found here. Consumers typically don’t invest in efficiencyMost consumers do not invest in efficiency even when the investment returns 40% annually. If lower prices caused the return to drop to 30% it would not make much difference; similarly if the return increased to 50% due to higher energy prices, it would not mean that everyone would rush to invest. Recall that businesses and consumers who own homes can usually raise capital at a cost of 4%, and even credit card interest rates of 18% are far lower than the return on efficiency.Lower gas prices don’t automatically mean people drive more often or for longer distances.I first noticed the lack of relationship between efficiency and energy price in the 1970s when we were able to obtain information on the efficiency of commercial lighting and of home air conditioners. New York electricity prices were more than ten times higher than those in Seattle, yet a square foot of office space used more energy for lighting in New York. Air conditioner efficiency was not higher in Florida, where they operated long hours, than the national average.More corroboration came soon afterward, when an international study showed that fuel efficiency of cars in Europe was only minimally higher than in the United States, even in the face of gasoline prices much more than double those here. European cars were smaller, so overall gas mileage was better, but for a car of the same size and performance, fuel economy was hardly different.Arguments have also been made that North Americans drive more than other countries of comparable incomes as a result of lower gasoline prices, but more recent studies have shown that variations in neighborhood characteristics (location efficiency) explain the levels of car ownership and usage much better than price. Even this year’s slight increase in miles driven may be more of a response to a growth in housing construction in urban sprawl locations that to the fact that gas is cheaper. All of the studies I have seen of the effect of oil price or fuel economy standards on miles driven ignore the influence of location efficiency, which is a larger influence than price by a large margin. But what about economic theory?The conditions economic theory assumes, and that are needed to make price elasticity work, are broadly missing in the real world. Saving Energy Growing Jobs lists over a dozen of the assumptions needed for theory to predict strong price response that are violated in the real world.I recognize that the fact that energy price doesn’t really affect efficiency violates deeply held beliefs of many people. I encourage them to look at the theory and the evidence in detail, as I do in this book. Economics is not a religion; it is a science. Observing that price does not explain everything is not a heresy, but is a scientific conclusion based on evidence.Occasionally the theory fails to take into account factors that cut the other way. Consider this: in the wake of falling oil prices, the United States was working with Caribbean countries earlier in 2015 to reduce their use of oil, in part by substituting gas-fired power plants for oil. Why is this? It is happening because of fears that tying their economies to the shaky Venezuelan economy through importing its oil increases economic risk. The point is this: in the case of these countries, lower oil prices will mean lower consumption, not higher or even the same.Energy price does affect behavior — people are likely to keep their houses warmer if heating fuel costs less. But conservation — accepting a lower level of comfort or convenience — is not a significant part of climate pollution plans in America or anywhere else in the world. And it is a relatively minor contributor to emissions reductions, as well as being one that can be motivated by other tools than price.Some would argue that high prices help improve the political climate for actions such as fuel economy or tailpipe carbon emission standards, or smart growth urban plans. But we have seen from California’s experience that carbon caps are even more effective at facilitating such highly effective policies far more than high prices. The connection between price and consumptionEconomists usually cannot set up an experiment such as the one described above. Instead, elasticity studies look at datasets of different places or different times, each of which is associated with a price and a level of consumption. The studies look for statistical correlations between price and consumption and the result is a measured elasticity.Statisticians realize that correlation is not causality, and thus they do not provide the certainty needed to address the experimental question of the last paragraph. There are lots of ways that high price is correlated with low consumption that do not allow one to predict that raising prices will result in lowered consumption.First, the causation may go in the other direction. If you have two otherwise identical areas and one has half the electricity consumption of the other, the one with lower consumption will have higher prices because the fixed costs of service have to be amortized over lower sales. (Those fixed costs will be almost identical between both systems — given normal design standards and assumptions, the same level of transmission and distribution capacity will be provided for both systems.)Second, high price and low consumption may both be consequences of something else. For example, one data point for a gasoline price elasticity study is a gas station in Manhattan. The station has some of the highest gas prices and the lowest consumption per household. But why? The gas prices are high because the land values are high in Manhattan as a consequence of high densities of housing (or perhaps it goes the other way around: high land prices cause high densities). But in any case, high density explains both low consumption and high price.There are many other reasons why price and consumption correlations may not imply causality. Ironically, this figure itself shows part of the problem. Even though this figure and the data behind it refute the hypothesis that there is a causative influence of price on consumption, the data for years after 2001 will show both high prices and low consumption relative to other jurisdictions. Thus, the very data that refute nontrivial price elasticities when used in the appropriate context validate a hypothesis of large elasticities when used in the context of conventional price elasticity studies.The California experience is the closest thing to a real experiment (where the plan is to “raise the price of electricity and hold everything else equal and see how future consumption departs from the trend”) as you are ever likely to find in real-world social science.That is a key reason why this result of near-zero elasticity is more credible for the purposes of planning about how best to reduce energy-related air emissions. SummaryAny increase in climate pollution from recent declines in oil price is likely to be small and temporary. In contrast, the setbacks to ill-advised oil production schemes, and to the budgets of countries that contribute to security problems for the U.S., will be large and long-lasting. My previous blog presents arguments for an oil pollution fee, or a carbon fee, on the grounds of economic fairness. Such a fee might also improve the market for lower-emissions fuel sources such as renewable electricity or low-carbon, low-petroleum fuels. But it will not affect consumption much.Reducing the environmental and economic impacts of oil depends much more on the policies that this blog suggests: policies that require continually improving fuel economy as well as cleaner fuels in cars and other vehicles, that provide incentives for clean vehicles that surpass the minimum requirements, and that promote compact walkable communities that require less driving. Low oil prices make many environmentally troublesome oil drilling and oil pipeline projects infeasible as business ventures, but they do not overly encourage consumption of oil, and hardly affect efficiency at all. Here’s why:Energy efficiency is only very weakly affected by utility prices. The same is true for oil, and therefore this year’s dramatically lower oil prices will not increase consumption by very much.For the transportation sector, which is most relevant to oil use and price, some would question this assertion, but every study I have seen, and the data for the last year, lead me to believe that the outcome is the same: price has only a minimal effect on efficiency, and a larger but still modest effect on usage.Looking broadly at markets for oil, the oil price trajectory for the last 40 years is flatly inconsistent with the hypothesis that price affects demand significantly. RELATED ARTICLES Looking in more detail at the market’s recent response to drastically lower oil prices over the past year, the results are less than 5% increases in miles driven over the past year, and even smaller retreats in oil efficiency. Even the retreat that did occur registered as a 1% or 2% increase in fuel economy of new vehicles sold compared to increases of more like 3% per year in previous years. This absence of rebounding demand in the face of lower prices has also been noted by business analysts. It refutes the assumptions that many people have been making (but never based on serious analysis) about the supposed shift to lower-mpg cars or a return to the profligate driving habits of the past. This outcome is, however, in line with what I predicted in an earlier version of this blog in December 2014, before we had data on the response to the initial price decline of the second half of 2014.This is remarkable: oil prices declined by more than 60% (gasoline prices declined by over 35%), and metrics of consumption behavior increased only 5%, while metrics of efficiency decreased by only 1% or 2% percent compared to previous trends (and increased in absolute terms). It is even more remarkable when one considers that other factors are causing driving and SUV sales to increase regardless of oil prices: people are making more money, especially those people in the upper income classes who are able to take driving vacations or to afford SUVs. And SUVs provide a perceived increase in energy services, so increased sales of them is not the same as a decrease in efficiency. An unintended experiment proves near-zero price responsePrice elasticity studies are not reliable guides to use for predicting the consequences of energy price increases because they do not address the issue of causality, as opposed to correlation. There is a good reason why they do not: it is hard to imagine how one would set up an experiment designed to test a hypothesis (as opposed to a set of observations that the scientist does not set up). A good experiment would be to “raise the price of electricity and hold everything else equal and see how future consumption departs from the trend.”Fortunately for these analytic purposes, California inadvertently set up such an experiment, allowing us to determine how consumption changes when energy price suddenly rises by 40% and then stays that high.As a consequence of its experiment with electricity deregulation, California reduced investment in both efficiency and new power plants, creating a serious energy shortage. To deal with the resulting blackouts, the state had to procure expensive new supplies, both conventional and efficiency, and thus to raise its electricity prices by 40%. At the same time, the shortages also prompted the state to strengthen its energy codes and promulgate new appliance and equipment standards, as well as authorizing utilities to acquire more efficiency through their incentive programs.Thus the experiment was fortuitously well designed: to first order prices increased with no major changes in policy (the policy changes that did happen have long lead times before they save much energy), allowing us to isolate purely price effects; and to second order the policy effects would enhance the sought-after price response of lowering consumption. Thus the expected diminution of consumption would be even larger than pure elasticity would predict.What were the results? They are so remarkable that the reader can see them in the chart at right without the need of statistical assistance. It is impossible to pinpoint when the price increase happened from looking at the blue line on the figure. And worse yet for proponents of high elasticities, the actual year of the tariff increase was the year that was followed by the steepest five-year increase in consumption in the figure.When did prices go up? Look only at the blue California line: it’s not possible to tell when prices went up based solely on consumption. Rates went up in late summer 2001, later in the year than the summer peak during which the largest savings were recorded. The first full-year later, and during the subsequent five years, consumption went up slightly more than during the rest of the time period.But wait a second, is this blog trying to say that the hundreds of price elasticity studies that have been done are all (or mostly all) wrong? Not exactly: what this analysis is saying is that they are not correct for the purpose of predicting the consequences of a change in price.And energy modeling is trying to be predictive, so for this purpose we do not care about the correlation of price to consumption but only the causative effect that price has on consumption. Efficiency is not the same thing as conservationEfficiency — the provision of the same level of service, for example the same level of transportation access, the same size and performance of cars — must be distinguished from conservation, which is exemplified by using smaller or slower cars. America has not made much progress at conservation, especially policy-directed conservation, but we have made dramatic improvements over the years in the efficiency of cars, airplanes, refrigerators, air conditioners, and lighting, all as a result of policy, with almost no effect from energy price.Simple economic theory may hold that high energy prices lead to higher levels of efficiency, but more realistic models, both theoretical and empirical, show that energy price has little effect on efficiency. In a mass production economy, the efficiency options available to consumers are limited to what is produced, and what is produced is determined primarily by the efficiency standards and incentives available.This is true both in the transportation sector and in the utility sector. For example, the halogen technology used in current incandescent lamps saves 28% compared to the old technologies. It has been available in principle for decades, but only became available in the marketplace when required by federal standards. This is not just me asserting that the technology only became available due to standards, this is also the judgment of Philips Lighting.This technology makes economic sense at current electricity prices, but would also make sense if electricity prices were less than what they are today. And the more advanced technology — LED lighting — is expected to take off when the cost of a bulb drops below some threshold, say $3, regardless of the value of the savings (which are already greater than $100). Editor’s note: The first blog in this two-part blog series was titled How Low Oil Prices Can Be Good for the Environment. Green Building in the Cheap Energy EraEnergy Predictions for 2012Designing for the FutureU.S. Wind Energy Prices Hit an All-Time LowThe End of Peak Oil?PV Systems Have Gotten Dirt CheapThe Big Allure of Cheap PV
Pagasa: Kammuri now a typhoon, may enter PAR by weekend LATEST STORIES New York Yankees right fielder Aaron Judge (99) hits a fifth-inning single with two runners on base in a baseball game against the Toronto Blue Jays in New York, Wednesday, July 5, 2017. (AP Photo/Kathy Willens)NEW YORK—Aaron Judge equaled Joe DiMaggio’s New York Yankees record for home runs by a rookie—before the All-Star break.Judge hit a two-run drive into the Yankees’ bullpen in right-center in the fourth inning of Wednesday’s 7-6 loss to Toronto, his major league-leading 29th home run of the season.ADVERTISEMENT View comments Nikki Valdez rushes self to ER due to respiratory tract infection DiMaggio set the Yankees rookie mark in 1936. Judge reached it in New York’s 83rd game of the season.“Any time you’re in the sentence as someone like DiMaggio is pretty incredible,” Judge said. “It’s quite an honor.”FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsConnecting on a 92 mph fastball, Judge drove it 398 feet, according to MLB’s Statcast. The only other rookies to hit 29 homers before the All-Star break were Mark McGwire in 1987 (33) and Jose Abreu in 2014 (29).Judge is hitting .331 with 65 RBIs and 104 strikeouts. Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games New York trailed 5-0 before the homer. Judge came up with two outs in the ninth with a runner on first and struck out against Roberto Osuna, unsuccessfully trying to check his swing on a low, outside slider.“I got fooled,” Judge said.Sports Related Videospowered by AdSparcRead Next Another vape smoker nabbed in Lucena LOOK: Jane De Leon meets fellow ‘Darna’ Marian Rivera MOST READ Pagasa: Kammuri now a typhoon, may enter PAR by weekend China furious as Trump signs bills in support of Hong Kong Lacson: SEA Games fund put in foundation like ‘Napoles case’ Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Don’t miss out on the latest news and information. Sixers GM: ’Talk of playoffs is getting a little ahead of ourselves’
About the authorFreddie TaylorShare the loveHave your say Chelsea hero Cole on coaching philosophy: I’m stealing from Mourinho, Ancelotti & Wenger!by Freddie Taylor8 days agoSend to a friendShare the loveAshley Cole says he will take bits and pieces from all of his former managers on his coaching journey.The former Chelsea and Arsenal fullback is currently undertaking his coaching badges.”Everyone has their own philosophy but you also have to take ideas that you like from different coaches,’ he told the club’s website. “The first thing I learned on my coaching badges was that every coach is a thief!”I want to take parts of Jose Mourinho in terms of how organised he was, Carlo Ancelotti for his man-management and how he would give players faith to go out and express themselves within his system and Arsene Wenger, who was definitely a great man-manager and put a lot of trust in young players to find things out for themselves and learn quickly from mistakes. It’s about being adaptable.”Asked about his aspirations, Cole added: “I want to be the best. I’ve been around a lot of great players and managers so it’s about understanding what it takes.”I understood as a player what it took to be the best and now it’s about trying to transfer that into how I can be the best as a coach.”
zoomImage Courtesy: USCG The 115,340 dwt tanker Tofteviken suffered an approximate 30-foot gash along its portside hull in a collision on May 12.The ship, owned by Norway’s Viken Shipping, collided with the commercial fishing vessel Polaris some 30 miles southeast of Bridgehampton, New York, according to the US Coast Guard.At the time, the 2005-built Tofteviken was transiting to New York while the Polaris was transiting back to its homeport in Massachusetts after a night of fishing.There were no reports of injuries aboard the ships following the incident.The 84-foot Polaris suffered damage to its bow and outrigger, but managed to return to its homeport safely.The tanker will remain anchored until the Coast Guard determines it’s safe to continue into port after investigating and reviewing class reports.Relevant authorities are investigating the cause of the collision and assessing the damage to the Tofteviken’s hull.