REIT disclosure raises concerns: OSC

first_img Related news CSA outlines disclosure expectations for real estate companies and REITs “Based on the findings of the review, the quality of disclosure for some issuers requires improvement in certain areas,” the commission says. In the notice, the OSC indicates that it is particularly concerned about REITs where distributions to investors exceed the cash generated by operations. “Given the importance of distributions to investors, a REIT’s continuous disclosure record should provide investors with transparent information to assess the source of funding for distributions paid and, in turn, the sustainability of those distributions,” it says. The OSC provides further guidance on its disclosure expectations in the notice. Specifically, it says that it has concerns about the consistency of disclosure about excess distributions; the need for timely disclosure where distributions are reduced or terminated; and, the presentation of common real estate metrics, such as adjusted funds from operations (AFFO). The notice also indicates that REITs are also generally subject to a variety of risk factors which may negatively impact their distributions, including: rising interest rates that may lead to a REIT’s debt being refinanced at higher rates; distributions that are financed by increasing levels of debt, which are not sustainable; and, the fact that the crop of potential investment properties that meet a REIT’s investment objectives and strategy may be limited. “Investors are entitled to know the sources of distributions, especially when distributions exceed cash flow from operations” said Huston Loke, director of corporate finance at the OSC. “These disclosures should highlight the risks and their impact on the issuer as well as the sustainability of distributions. We encourage issuers and their advisers to refer to the guidance in this notice as they prepare their annual and interim filings.” The OSC says that it will continue to monitor REITs’ distribution disclosure as part of its continuous disclosure and prospectus review programs. “REITs who have not complied with these disclosure expectations will be expected to take corrective action,” it warns. Keywords REITsCompanies Ontario Securities Commission U.S. regulator issues alert on public nontraded REITscenter_img Real estate investment trusts (REITs) need to step up their disclosure to investors, particularly in cases where distributions exceed cash flows, the Ontario Securities Commission (OSC) says. In OSC Staff Notice 51-724 Report on Staff’s Review of REIT Distributions Disclosure published Monday, the OSC reports that it recently carried out a review of the disclosures of the 30 Ontario-based REITs, which found that OSC staff sought clarification about the distributions and/or disclosure of half of the issuers it reviewed. Of those, two thirds were asked to enhance their disclosure. James Langton Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

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Vanguard lowering fee on Canadian fixed income ETF

first_img Vanguard Investments Canada Inc. has lowered the management fee on one of its largest fixed income ETFs, the Toronto-based company announced Tuesday.Effective Feb. 13, the management fee on Vanguard Canadian Aggregate Bond ETF will be reduced by four basis points to 0.08% from 0.12%. Also readMore fixed-income needed in portfolios: Vanguard“As a global low-cost leader, this continues our trend of delivering high-quality and enduring cost-effective investing solutions for Canadian investors and financial advisors, following fee reductions in 2013, 2014 and 2015,” says Atul Tiwari, managing director for Vanguard Investments Canada, in a statement. IE Staff Share this article and your comments with peers on social media Companies Vanguard Investments Canada Inc. Money saving concept, Vector illustration in flat style design, Piggy bank, calculator and hand with coin, Finance symbols and icon abscent/123RF Facebook LinkedIn Twitterlast_img read more

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MESSAGE FROM THE MOST HON. PORTIA SIMPSON MILLER ON, MP PRIME MINISTER FOR NATIONAL HERITAGE WEEK CELEBRATIONS

first_imgFacebookTwitterWhatsAppEmail It is fitting for a nation and its people to set aside a special period to honour and recognize those of its citizens who make outstanding and exemplary contribution to its development, and for this reason, I greet Jamaicans, both at home and in the Diaspora, as we observe National Heritage Week 2006.Undoubtedly, ours is a rich heritage: one that reflects the influences of peoples of diverse cultures, including our ancestors of African descent, and people of Chinese, Indian and German origin, as well as those from countries in Europe and the Far East. All have played an integral role in the unfolding of our colonial and modern history. This mix of cultures reflected in our art form, music and general way of life, truly makes us ‘Out of Many, One People.’During this week of celebrations and as we reflect on the lives of our seven National Heroes, let us endeavour to ensure that the relevance of their struggle is not lost, especially on our younger generations. It is important that our youth are fully cognizant of not just our history as a nation, but the contribution made by each of our heroes to national development.At this time, we recognize the thousands of unsung heroes and heroines who remain courageous and determined to achieve their goals and by so doing continue to make a significant contribution to the building of the nation. We see them in every sphere of life, activity and professional endeavour. They include our teachers, members of the security forces, the health services, the clergy, leaders in business, sportsmen and women, as well as community leaders who advocate positive change through meaningful contribution and responsible dialogue. In their own way, they set the standards to help lift up Jamaica at home and bring fame to Jamaica, internationally.We salute our cultural icons whose work in the theatre movement, as well as through art, music, dance and other forms of cultural expression, symbolizes our rich heritage and helps to establish our Jamaican identify. You continue to keep Jamaica’s flag flying high and promote our culture for others around the world to be inspired by and experience.As is customary, on National Heroes Day, several Jamaicans will be conferred with various honours and awards for their contribution to the building of our nation. I congratulate them on their achievement and express my special thanks to Jamaicans everywhere who in their own way, continue to work tirelessly for the greater good of Jamaica.I commend the Jamaica Cultural Development Commission for the activities it has planned for the week of celebrations and I urge all Jamaicans, in particular our youth, to fully participate in these events.Best wishes for a successful and inspiring National Heritage Week. MESSAGE FROM THE MOST HON. PORTIA SIMPSON MILLER ON, MP PRIME MINISTER FOR NATIONAL HERITAGE WEEK CELEBRATIONS UncategorizedOctober 15, 2006 RelatedMESSAGE FROM THE MOST HON. PORTIA SIMPSON MILLER ON, MP PRIME MINISTER FOR NATIONAL HERITAGE WEEK CELEBRATIONS RelatedMESSAGE FROM THE MOST HON. PORTIA SIMPSON MILLER ON, MP PRIME MINISTER FOR NATIONAL HERITAGE WEEK CELEBRATIONScenter_img Advertisements RelatedMESSAGE FROM THE MOST HON. PORTIA SIMPSON MILLER ON, MP PRIME MINISTER FOR NATIONAL HERITAGE WEEK CELEBRATIONSlast_img read more

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Govt. Committed to Begin Construction of Fire Brigade Academy

first_imgAdvertisements FacebookTwitterWhatsAppEmail Minister of State with responsibility for Local Government in the Office of the Prime Minister, Robert Montague, has said that the Government is committed to begin construction of the Jamaica Fire Brigade Regional Training Academy at Twickenham Park, St. Catherine.“Work on the facility will be carried out in phases, but what is so special about this, is that the men and women of the Brigade will undertake in-house, most of the work,” Mr. Montague said.He added that this was significant as “we strive to build capacity and competence within the Brigade.”The State Minister was making his contribution to the 2008/09 Sectoral Debate in the House of Representatives, yesterday (June 24).Mr. Montague also informed that the Brigade would continue to implement the recommendations in a report done by consultants, and that the organisation would start the training of 85 new recruits in August.“We also continue the in-house training as well as our participation in overseas training programmes,” the State Minister said.Meanwhile, Mr. Montague said the fire brigade recently took possession of five new heavy rescue fire vehicles. These, he said, are equipped with a wide variety of rescue equipment to deal with multiple vehicle accidents and other scenarios.“Eight other trucks are at sea to arrive shortly. These carry platform and turntable ladders for deployment in urban centres with high rise buildings,” the Minister of State noted.He also informed that the procurement of fire trucks for bush and rural fire fighting is well underway, as well as buses, minivans and cars to support the other transport needs of the Brigade.Mr. Montague pointed out that the acquisition of smaller and faster boats, and repairs to the fire boat in Kingston are being addressed.“To expedite this action, we have entered into a Memorandum of Understanding (MOU) with the Caribbean Maritime Institute to repair this boat and we are told that it will take approximately three months,” the State Minister said.Other plans for the Jamaica Fire Brigade include the signing of a MOU with the Ministry of Water and Housing for the rehabilitation of fire hydrants islandwide over the next three years, and to improve the responsiveness of the fire service, as it seeks to introduce the emergency medical system in Portmore and Kingston this year. RelatedGovt. Committed to Begin Construction of Fire Brigade Academy RelatedGovt. Committed to Begin Construction of Fire Brigade Academycenter_img Govt. Committed to Begin Construction of Fire Brigade Academy UncategorizedJune 26, 2008 RelatedGovt. Committed to Begin Construction of Fire Brigade Academylast_img read more

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Selecting the Right Custom Crush Facility

first_img TAGSBlair GuthrieBNA Wine GroupCustom CrushfeaturedKerith OverstreetMaayan KoschitzkyPaul VignaTony Leonardini By Editor – May 16, 2019 5040 2 Facebook AdvertisementBy Paul VignaTony LeonardiniTony Leonardini is the winemaker and partner for BNA Wine Group, makers of the rapidly growing Butternut brand, among others. The production for the thousands of cases of wine it makes uses a half-dozen custom-crush operations, so he can offer plenty of suggestions on finding a facility that fits your needs.Still, even with his familiarity, not all the hook-ups have come from searches he has made. “I was actually in the gym one morning and I complaining to another winemaker,” Leonardini said. “He’s like, ‘You need to go talk to these people,’ and gave me the phone number. I talked to them and I’ve been with them now for years and years. So word of mouth, I would say, is one of the biggest [ways to find one]. It’s like hiring someone and doing your due diligence … calling their references.”Identifying potential production partners these days is getting easier, thanks to a growth in facilities – primarily on the West Coast – devoted to offering wine production services and an increase in wineries that are utilizing extra space by making wine for others. Identifying the right one? That’s more of a challenge, with factors related to cost and services in addition to the “people priorities” that are crucial to any relationship.Let’s start with some basics as you begin to shop:Assess the equipment it has and compare to your needs.Figure out which tier of service matches the cost of your wine.Ask questions about the protocols, both for winemaking and cleanliness.Get a sense of the place’s personality and flexibility, and how well it communicates, to ensure, as Long Island winemaker Richie Pisacano puts it, that your juice “isn’t getting lost in a sea of wine.”Allowing others to handle production has worked perfectly for Leonardini, located in Napa, and his partners, permitting the business to grow without a major investment in land or a winery or staff. It’s a chance, he says, to invest in the brand rather than a building or crew, and by purchasing grapes from all over California and using crush facilities near them, it keeps BNA from “putting all our eggs in one basket.”One key, he says, to a long-term relationship is obvious: Find people you get along with and work well with in the winery. “When you first start out [looking], you kind of think they are all the same,” he says. “but they’re not. They may be charging the same thing. But [if] you need some barrels tossed or an addition made to a tank, you want it done correctly and done in a timely manner.”His story shared similarities with Maayan Koschitzky, an Israeli native and Screaming Eagle alumnus who in 2014 became director of winemaking for Philippe Melka at Atelier Melka and Melka Wines. He’s juggling eight custom-crush facilities. Get to know who you’re working with, he says, and make sure your winemaking approach matches theirs. “For example, if more barrel fermentation is important but the custom crush doesn’t do it, then you’re probably not in the right place,” he says.Indeed, that would be just part of what Koschitzky referred to as knowing the facility’s wine movement, such as the number of days you can leave your wine in a tank and how often they’ll top and filter the wines, Know your basic protocol, he says, and make sure it matches the facility’s equipment and personality..That time in the tank becomes crucial during harvest when the word “crush” also describes the experience inside the building, with winemakers scrambling to manage the process. Blair Guthrie is familiar with that drill. A New Zealand native and winemaker and vineyard manager for Stewart Cellars in Yountville, Napa County, he says knowing the agreement on fermentation time, for instance, can become paramount after the fruit is picked. “Sometimes, the fruit starts coming in and all of a sudden there’s no tank space left,” he says. “Make sure that’s something sorted out; otherwise in the middle of harvest you’ll be arguing with a facility that you thought you’d be in tank for three weeks and they’re trying to get you out in 10 days.”Everyone interviewed noted the importance of the fit; for instance, if you’re making small lots, find a facility that utilizes small tanks, or vice versa. The same goes for the level of care and service; what you pay for producing your $20 bottle of wine won’t be nearly as comprehensive as what you’ll get for that $50 bottle of wine you’re bringing to a higher-end facility. “I could pretty much do all the work [I need to] off my laptop,” Guthrie says of the high-end operations he works with. “Another facility, where custom crush is not really their business, I am there a lot more monitoring what they are doing.”Look for facilities that are spotless and have protocols in place for cleanliness, including obsessively cleaning and sanitizing hoses, tanks and pumps between clients. That was one tip on the list sent in by Kerith Overstreet, who oversees the winemaking for Brulium Wines LLC in Sonoma County.Also on her priority list: Know in advance what is included with crush price. “Does this include bottling? Empty barrel storage? Is there an up-charge for wines that over-vintage in barrels? Is there a lower price for quick turnaround wines like rose?”Some places provide a winemaker and crew while others just offer the facility for use. Again, the emphasis is on knowing what you’re getting. Leonardini notes he uses one facility just to crush and ferment, another to barrel and another just to bottle, those decisions dictated by cost, location and what each place does best. In other cases, the single facility does it all.Says Leonardini on the process of figuring out what works best for him, “These are things that you just kind of learn over time.”Custom Crush SpecialistsFior di SoleFor over 20 years, Fior di Sole has been an industry leader in brand development, packaging innovation & wine production for the wholesale & retail markets. Our proven record includes the development of numerous million-case brands across all categories, from Extreme Value to Iconic wines; with a particular focus on Popular Premium, Premium & Super Premium categories.Grand Cru Custom CrushGrand Cru is a major step ahead of all other crush facilities and includes large variety of small tanks, the best crush equipment, perfectly sized barrel rooms that work well with our target client production, and last but not least the focus on supporting hospitality and customer interaction to help our clients build their DTC business.  With the right mix of member wineries everyone should feel as if they’re truly in their “own” facility and the place will feel very much like home to them. Gravity Wine HouseGravity Wine House is a Santa Rosa-based, boutique, custom-crush facility. We work with a limited number of select winery clients, focusing on small lots of premium wine. Our goal is to make our winery clients feel like they are in their own, dedicated winery.Healdsburg Custom CrushA custom crush facility specializing in small lot premium wines. We cater to clients both large and small who share our passion for winemaking. Our commitment is to provide a clean, professional environment, tailored services, all with attentive customer care.Owl Ridge Wine ServiceOwl Ridge Wine Services is a premium custom crush, private label and bottling facility located in the Russian River Valley. Our mission is to provide responsive, professional and conscientious service to our clients with attractive pricing and a staff dedicated to producing the highest quality wines. Punchdown CellarFormerly known as Copain Custom Crush, Punchdown Cellars is a Santa Rosa-based provider of winemaking services and logistics to boutique wineries and independent vintners. Founded in 2001, the crush facility was based on a collective of winemakers sharing space and having the freedom to hand craft their wines. The concept was a much welcomed breakaway from the status quo in the world of custom crush.Rack and Riddle Custom Wine ServicesFrom small boutique wineries to large multi-national wine producers and everyone in between, we provide unparalleled custom crush and winemaking services to all of our partners. We work with you to ensure you receive exactly what you want and need from grape to glass or to simply assist you with your existing winemaking and production needs.Sugarloaf Custom CrushSugarloaf Crush has come to life through the experiences of being a Custom Crush Client. As a client in the custom crush niche, we have seen the strengths and challenges of being a Service Provider: reporting, ongoing and unpredictable pricing, and wine movement between facilities, from crush to storage to bottling. Terravant Wine CompanyCustom crush is just the beginning. We specialize in helping winemakers do what they do best. Join the dozens of businesses who make their wine inside Terravant. Advertisement Pinterest Share Emailcenter_img Twitter Home Video Selecting the Right Custom Crush FacilityVideoWine Business EditorialSelecting the Right Custom Crush Facility Previous article“Little Guy Wine” Shop Looking to Help “Little Guy” WinemakersNext articleDel Rio Vineyards Announces Appointment of Columbia Distributing in Oregon and Washington and New Brand Development Manager Editor Linkedin ReddItlast_img read more

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Sommcon® Hosts Global Terroir Webinar Sponsored by the Tasting Panel Magazine…

first_imgEmail Facebook Pinterest AdvertisementFree Webinar for Beverage Industry Professionals via Zoom on April 30 at 9:00 a.m. PSTWhat: SommCon®, a leading conference for the wine, beer, and spirits industry, hosts Global Terroir presented by The Tasting Panel Magazine and The SOMM Journal to be held via Zoom on Thursday, April 30, 2020 at 9:00 a.m. PST. The webinar is free to members of the trade with the option to make a payment in support of The Somm Relief project, an initiative that provides grants and funding to individual members of the trade impacted by COVID-19 and non-profit organizations in the wine and spirits industry that are financially supporting personally affected individuals. The webinar takes a virtual trip around the globe and a looks at unique terroirs as explained by the people behind them. This 90-minute journey to California, Washington, Uruguay, France, Italy, and Mexico brings together global winemakers to discuss what makes their corner of the world unique and inimitable. Understand the unique advantages and personal stories behind each label, find out how they are coping with quarantine and adjusting to an uncertain market. Learn the factors that make their corners of the world distinct and inimitable and gain an understanding the advantages and personal stories behind each label.Who:Panelists for the webinar include:Tim Henley, Winemaker of Thick Skinned, on the terroir of Red Mountain.Charles Tsegeletos, Head Winemaker for Cline Cellars, on Sonoma Valley terroir.Chris Radomski, Founder of La Adelita Tequila, on Jalisco terroir.Christian Wylie, Managing Director of Bodega Garzon, on Uruguay terroir.Jean Charles Boisset, Proprietor Domaine de la Vougeraie, on Burgundy terroir and The Boisset Collection Ambassador Program.Moderator:Lars Leicht, VP/ Communication & Education, The SOMM Journal and The Tasting Panel Magazine.When and Where: April 30, 2020 at 9:00 a.m. PST via Zoom.Sign Up: Visit HERE to register. The webinar will also be available for download on the SommConfidential Blog, located on the SommCon® website, for those unable to secure a live spot.Advertisement ReddIt Linkedin Twitter TAGSSommCon Previous articlePortland Cider Co.’s Best-Selling Kinda Dry Cider Is Now Available in 12-Ounce Six-Pack CansNext articleRdV Vineyards to Raise Money for Global Relief Organization World Central Kitchen Press Release Home Industry News Releases Sommcon® Hosts Global Terroir Webinar Sponsored by the Tasting Panel Magazine and…Industry News ReleasesWine BusinessSommcon® Hosts Global Terroir Webinar Sponsored by the Tasting Panel Magazine and the Somm JournalBy Press Release – April 27, 2020 156 0 Sharelast_img read more

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Nelson, Shaw Sworn Into Office

first_imgRelatedPrime Minister Golding Announces Cabinet Changes Advertisements RelatedNelson, Shaw Sworn Into Office By Alecia Smith, JIS Reporter FacebookTwitterWhatsAppEmail KINGSTON — Two Ministers were re-appointed to critical areas of governance during a brief ceremony at King’s House today (October 24). Senator the Hon. Dwight Nelson and Hon. Audley Shaw, were sworn in as Minister of National Security and Minister of Finance, respectively, by Governor General, His Excellency, the Most Hon. Sir Patrick Allen. The Governor General said he was confident that the Ministers would continue to carry out their duties with unwavering commitment and resilience and charged them to work with Prime Minister, the Hon. Andrew Holness “in charting a positive path that will imprint on the books of history.” Explaining the decision to re-appoint Ministers Nelson and Shaw so quickly, Prime Minister Holness said that it was a practical and strategic move as “you can’t have any gaps at all in the administration of Government”. Of great importance, he said, is the fact that the Minister of Finance has several meetings that he needs to attend to immediately. He noted that the remaining Cabinet members will be announced shortly, and appointed before the end of the week. Minister Shaw told journalists following the ceremony that he was pleased with his re-appointment, noting that it was “a continuation of very important work that I have been doing over the past four years.” Minister Nelson said he was also happy and eager to get back to work to address “very pressing” issues. He noted that the country had been without a Minister of National Security for the past 24 hours and there are some very critical procedures and operations by the police that, by law, have to be approved and authorised by the Minister. “I am very anxious that the police can get back to work as quickly as possible under the authority of the Minister of National Security,” he said. Minister Nelson said he was particularly concerned about the increase in robberies and shootings and assured that he was working with the police to develop new strategies to address those challenges. RelatedNelson, Shaw Sworn Into Office Nelson, Shaw Sworn Into Office Office of the Prime MinisterOctober 24, 2011last_img read more

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The answer man: Spieth responds to every challenge

first_imgKAPALUA, Hawaii – Some considered Jordan Spieth’s performance along this stretch of the Maui coast a referendum on where his game, and by extension golf, is right now; but considering the PGA Tour is still a few stops shy of the quarter pole this season it felt more like a competitive Q&A. After all, as dominant as Spieth was in 2015 he hadn’t exactly proven himself a specialist on fast tracks like Kapalua, where even-par rounds will leave a player dusted. Spieth suggested as much on the eve of his victory lap at the Hyundai Tournament of Champions when he was asked to assess his position after starting his week with rounds of 66-64-65. “To be honest, with the scoring we have done this week, it frustrates me that I have to shoot 4 to 6 under in order to win this tournament still,” he said. But if there was any question as to whether Spieth had the firepower to win a shootout, the answer arrived early and often, with the world No. 1 responding to every challenge to his dominance on Sunday at the Plantation Course. Question: How will Spieth respond after Patrick Reed, who began the day a half-dozen behind Spieth, starts his round with back-to-back birdies to cut the lead to four? Answer: Spieth, being Spieth, rolls in a delicate 35-footer for birdie from above the hole at the second. Hyundai Tournament of Champions: Articles, photos and videos Question: How will Spieth respond when Reed, who went 68 holes this week without a bogey, adds a 5-footer for birdie at the fifth? Answer: Spieth converts from 2 feet for birdie at the sixth to retain his five-shot advantage. Eventually, the biggest and most crucial inquiries for Spieth may have come from within. Question: What will he do after a bogey at the eighth hole, Spieth’s second dropped shot of the week, combined with Reed’s birdie at the ninth hole cuts the lead to three strokes? Answer: Spieth birdies the turn with mid-range putts at the ninth and 10th holes to reestablish a five-shot advantage. By the time he’d birdied the 15th hole only history could be counted as a true competitor, with the tournament-record 31-under mark within reach. Spieth likes goals, they keep a creative mind on point, and penciling in Ernie Els’ record total from the 2003 Tournament of Champions is the type of competitive carrot that can dominate the internal dialogue. “I was peeking at the boards here and there but knew that if we stuck to our goal of getting to 6 [under], ultimately I wanted to get to 30 under,” said Spieth, who came up just short of the tournament record with a closing-round 67 but reached 30 under for an eight-stroke victory. That’s not to say there weren’t plenty of other accolades to be processed following a commanding performance in Maui. The victory made Spieth the third-youngest player, behind Tiger Woods in 1998 and Horton Smith in 1929, to get to seven victories on Tour, and he became the first player since Woods in 2000 to win the last event of one season (Tour Championship) and the first stop the following year. On a personal front, his eight-shot triumph was Spieth’s largest margin of victory in an official-money Tour event and his first triumph on the Tour’s West Coast swing. But most importantly Spieth answered the inevitable question that came with the New Year – how could he possibly match his performance in 2015? “[Caddie Michael Greller] said on 18 fairway, ‘Man, just a way to make a statement.’” Spieth said. “I thought that was cool. I mean, it’s not what I’m going for, it’s not why I do what I do. I still think it’s going to be very difficult to have a year like last year.” Following his Kapalua rout the conversation is also sure to turn to comparisons between Spieth’s current play and Woods’ at a similar age. At the risk of breaking the internet, Butch Harmon, who was Woods’ swing coach from 1996 to August 2002, should be considered the ultimate arbiter on this subject. “It’s not unfair to compare Jordan with Tiger because Jordan is doing exactly what Tiger did at the same age,” said Harmon, who enjoyed a 26 percent winning clip in Tour starts and eight major victories while working with Woods. Spieth, however, is quick to deflect such comparisons. “I just think it’s premature, but I’ll say that probably my entire career,” Spieth said. “There’s just such an age gap that I understand these comparisons are going to be there. I hope they continue to be there – that means I’m still being in the same ballpark as he is. I know what he did and I just find it hard to believe that it can be matched.” The 22-year-old certainly has a head for history and a head-to-head comparison between Spieth and Woods at similar points in their careers is clear enough. This week’s Tournament of Champions was Spieth’s 77th Tour start as a professional and his seventh victory. Through 77 starts as a member of the play-for-pay set Woods had won 18 times on Tour. But Harmon’s assessment is more nuanced and takes an a la carte approach. “The biggest difference, and this is a huge difference, is Tiger’s ability and length off the tee,” Harmon said. “Go back to 2000, he was the second-longest hitter in the game and he hit 72 percent of his fairways. He was really hard to beat because of that.” In Woods’ third full year on Tour (1999) he ranked third in driving distance, 65th in driving accuracy and fifth in greens in regulation; compared to Spieth’s line last year of 78th in driving distance, 80th in driving accuracy and 49th in greens in regulation. Where Spieth holds the edge at this point in their careers is on the greens, with Woods 24th in putting average and 58th in three-putt avoidance in ’99, compared to Spieth’s 2015 line of first in putting average and 37th in three-putt avoidance. “I never thought I’d see anyone who can make as many pressure putts as Jack Nicklaus and Tiger Woods did,” Harmon said. “But Jordan Spieth is definitely right there. Jordan makes more long putts than anyone we’ve seen in a long time with the exception of Arnold Palmer.” Founded or not, the comparisons will continue if Spieth continues to trend down his current path, which prompts an entirely different exchange. Question: Can Spieth maintain this level of excellence long enough to make it a true comparison, at least in his own eyes, to Woods’ dominance? Answer: TBD.last_img read more

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Dahmen finishes strong to share lead in DR

first_imgPUNTA CANA, Dominican Republic — Joel Dahmen birdied five of his last six holes Thursday for a 6-under 66 and a share of the first-round lead in the PGA Tour’s Corales Puntacana Resort and Club Championship. Dahmen rebounded from a bogey on the par-4 third with four straight birdies and closed with another birdie on the par-3 ninth. Winless on the PGA Tour, the 31-year-old former University of Washington player was tied with Matt Jones and Paul Dunne. “Slow start,” Dahmen said. “I bogeyed the par 5 early, but knew that the front was gettable. The wind was pretty consistent all day, which was nice. Then just made a couple nice putts.” Full-field scores from the Corales Puntacana Resort & Club Championship Sungjae Im, trying to move from No. 59 in the world into the top 50 to get into the Masters, was a stroke back. The winner doesn’t earn an automatic Masters spot because the event is being played opposite the World Golf Championships event in Texas. Former Dallas Cowboys quarterback Tony Romo had a 79. Playing as an amateur, the CBS analyst bogeyed three of the first four holes and had a triple bogey on the par-4 eighth. He also bogeyed the par-4 13th, failing to make a birdie in the round. “I think it’s somewhat nerves early on,” Romo said. “Missed a few short putts that you feel you normally make and then just a bad swing on 8 that cost me a triple bogey. Hard to make birdies out here, just the wind.” Romo was tied for 128th, ahead of only two players. He missed the cut and finished last a year ago. “I think you want to really compete with yourself, see how good you can get,” Romo said. “I play with a lot of these guys, you see how talented they are and how good. The thing that stands out is the consistency, the ability to do it over and over again. In this game one or two swings costs you a day. Today, that was a little bit of my day.” Dunne birdied three of his last four, finishing on the front nine. The Irishman won the 2017 British Masters. “I like the golf course. I feel comfortable here,” Dunne said. “The couple of loose tee shots I normally hit in a round I can get away with here, so play to my strength a little bit. The breeze blowing for the week is nice, we’re used to that.” Jones also had a strong finish, birdieing three of the last five on the back nine. The Australian won the 2014 Shell Houston Open for his lone PGA Tour title and also won the 2015 Australian Open. “Just hit a lot of quality iron shots and got it close to the pin,” Jones said. “Six under was a good score. It was probably the worst score I could have shot today.” Aaron Baddeley was at 68 with Roberto Diaz, Sepp Straka, Brady Schnell, Jonathan Byrd, D.J. Trahan and Sam Burns. Defending champion: Brice Garnett shot 71. Davis Love III and son Dru each shot 72.last_img read more

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Taiwan Government Scholarship Program

first_imgTaiwan Government Scholarship Program Deadline: 31 March 2011Open to: undegraduates, graduates, postgraduates and individuals wanting to improve their language abilities in Mandarine ChineseScholarships: MOFA: direct-route roundtrip international airfare ticket plus US$930/month; MOE: US$775/month for undergraduate or LEP study, US$988/month for postgraduate; NSC: recipients responsible for their own expenses, US$988/month for postgraduateThe Taiwan Scholarship Program was established jointly by three government agencies of the Republic of China (Taiwan) — the Ministry of Education (MOE), the Ministry of Foreign Affairs (MOFA) and the National Science Council of the Executive Yuan (NSC) — to encourage outstanding international students to undertake degree programs in Taiwan.There are three government agencies that fund this program, each with a different focus in terms of recipients’ nationalities and study programs:1. MOFA Scholarship:Recipients from countries that have diplomatic relations with the R.O.C. (Taiwan) or countries specified as being diplomatically favorable by MOFA.Undergraduate and/or postgraduate degree programs. Embassies of the R.O.C. can also award a pre-degree Mandarin Language Enrichment Program (LEP) scholarship to recipients to improve their language abilities.MOFA Scholarship: One economy-class, direct-route round trip international airfare ticket, plus a monthly stipend of NT$30,000 (approximately US$930).2. MOE Scholarship:Recipients from countries other than those specified in the MOFA Scholarship.Undergraduate and/or postgraduate programs. R.O.C.’s overseas offices can also designate a pre-degree Mandarin Language Enrichment Program (LEP) to recipients to improve their language abilities.MOE Scholarship: A monthly stipend of NT$25,000 (approximately US$775) for undergraduate or LEP study, and NT$30,000 (approximately US$988)  for a postgraduate degree program.3. NSC Scholarship:Recipients from countries other than those specified in the MOFA Scholarship. Postgraduate programs only.NSC Scholarship: A monthly stipend of NT$30, 000 (approximately US$988).Recipients are responsible for their own expenses.Duration of AwardThe award period for each degree/study program is as follows:1.Undergraduate program: maximum 4 years.2.Master’s program: maximum 2 years.3.Doctoral program: maximum 3 years.4.LEP: maximum 1 year.EligibilityAn applicant must meet all of the following criteria:1.Be a high school graduate or above, have an excellent academic performance in his/her most recent formal educational study experience, be of good moral character and does not have any criminal records.2.Is not an R.O.C. (Taiwan) national.3.Does not have the status of being an overseas compatriot student.4.Has never enrolled at any educational institution in Taiwan for the same level of degree or LEP that he/she plans to matriculate at.5.Is not an exchange student in accordance with any agreement of cooperation between an international university/college and an educational institute in Taiwan, at the time of receiving a Taiwan Scholarship.6.Has never received the scholarship to undertake any degree program or language study within the total award period of 5 years.7.Does not have any revocation record regarding the Taiwan Scholarship Program nor from the Ministry of Education’s Huayu Enrichment Scholarship Program.8.Is not a recipient of any other scholarship or subsidy offered by the Taiwan government or from any other educational institutions in Taiwan.Application ProcessFor the application, the applicant must send all completed documents to the nearest Taiwan Embassy or Representative Office in his/her home country; see the website for nearest embassy or representative office.In principle, the yearly application period is from February 1st through March 31st. However, the actual application period will be in accordance with the general regulations of the local Taiwan Representative Offices.For the application period, guidelines and forms, types of scholarship and quotas, as well as information regarding the selection process and outcome announcement, applicants should directly contact the relevant Taiwan Embassy or Representative Office, as early as possible.Application DocumentsA complete application must include the following materials:1.One copy of the completed application form.2.One photocopy of applicant’s passport or other nationality certificates.3.One photocopy of the highest-level diploma and a complete grade transcript.(Note: These documents must be authenticated by a Taiwan overseas representative office, if issued by international educational institutions.)4.Supporting admission application materials (e.g. photocopies of application forms for language training centers or for a degree program at universities/colleges in Taiwan. The exact academic year that applicants would be enrolled as full-time students at these institutions must be clearly specified on these documents; or a copy of the application fee receipt, or the reply letter or e-mail from the school which the applicant has applied to).5.Additional documents as specified by individual representative offices (e.g. letters of   reference).6.A photocopy of a certificate of the acceptable levels of English proficiency or Test of Proficiency – Huayu (TOP), depending on the language of instruction in class.(N.B. Only applicants for degree programs need to submit this document.)7.Additional documents as specified by the individual representative offices.The official webpage.For more scholarships, see also the webpage of the National Chiao Tung University. Leave a Reply Cancel ReplyYou must be logged in to post a comment. 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