Ocean City’s 43rd Annual Flower Show Opens Friday

first_imgThe following news release is from Ocean City Public Relations Director Mark Soifer:  The free Ocean City Flower Show runs Friday through Sunday (May 29 to 31) on the Ocean City Music Pier in Ocean City, NJ.When Ocean City initiates a good event, we stick with it! This is true of the Baby Parade (more than 100 years old), Night In Venice, the Antique Auto Show and Boardwalk Art Show (over 50), Martin Z. Mollusk Day (age 44), the Block Parties (in the mid 30s), the Doo Dah Parade (30) and First Night (in its 20s).We are fortunate to have a corps of volunteers who have worked diligently to make these and other events a success. The Ocean City Flower Show (May 29 to 31) is an example of how a good idea turned into a durable and appreciated festival.Show times at the Ocean City Music Pier (Boardwalk and Moorlyn Terrace) are Friday 2 p.m. to 9 p.m., Saturday 10 a.m. to 9 p.m. and Sunday 10 a.m. to 4 p.m.Entry to the public is free. Optional donations are taken to support the show. There is a trade fair with flower show products for sale in the pavilion of the Music Pier during the three-day event.It was suggested by the late James F. Penland, a talented artist and Ocean City businessman, who owned and operated the Connoisseur Shops on the Boardwalk and later in the downtown. Jim and Dr. Marcia Smith had started the Boardwalk Art Show in the mid ’60s with the help of Mayor B. Thomas Waldman.Jim convinced the Ocean City Garden Club to organize and present the Flower Show. He also secured the support of Mayor Waldman, who agreed to provide the Music Pier as the venue and underwrite the show.The rest, as they say, is history. The Flower Show has become a popular event attracting hundreds to Ocean City. Theme for this year’s exhibition is “Chic to Chic, Flowers and Fashion.” Categories in the Artistic Design Division feature such classes as “Bling” and “String of Pearls.” There is a Horticultural Division with exhibits of Roses, African Violets, Orchids, etc. The competition features the work of non-professional garden enthusiasts and is always very impressive. For information, call Kay Reilly (609) 399-1199.last_img read more

Benefit on Monday to Raise Money for Howie Cook Family

first_imgHowie Cook with his wife, Wendi, and two boys, Brett and Brock. Ocean City resident Howie Cook died of a heart attack at the age of 49 on July 14, and he left behind his beloved wife, Wendi, and two young boys, Brett and Brock.Cook was known for his willingness to help anyone. He had “a minute” for everyone. He was known for his culinary expertise and his knowledge of marine mechanics.His two boys, ages 15 and 10, attend Ocean City schools, as does his niece, Ryann Styer (Noel Styer and Lee Styer are OCHS grads).Cook’s friends say he was always there when anybody asked, “Got a minute?”And now they’re asking the community to give the Cook Family “a minute” by supporting “The Cook Family Benefit” on Monday, August 24. Tickets can be purchased at the door.Arlene Stryker, of Arlene’s Restaurant on Asbury, and Mary Beth Salmonsen are organizing the benefit for his family.“He was a heck of a good guy,” Salmonsen said. THE COOK FAMILY BENEFITDate: Monday, August 24, 2015Time: 6 p.m. to 10 p.m.Place: Sandi Pointe Coastal Bistro, 908 Shore Rd., Somers PointEvent: Includes appetizers and finger foods, cash bar and a silent auction. All donations welcome.Tickets: $25 for adults and kids. Available at the door and at Arlene’s on Asbury restaurant (624 Asbury Avenue, Ocean City) or by calling/texting Mary Beth Salmonsen at 609-254-4143.last_img read more

A constitutional question

first_imgThe landmark health care bill was passed by Congress and signed into law by President Obama just over a year ago, but today it appears the highest court in the land will determine its ultimate fate.Experts agree that a number of federal court challenges questioning its legality mean the Patient Protection and Affordable Care Act is almost certainly destined for the Supreme Court.Thus far five federal court judges have ruled on the law, which guarantees access to health care to millions of Americans through an individual mandate requiring people to purchase insurance or pay a tax. Three courts have supported it, while two have challenged its constitutionality, including one in Florida that recently declared the entire statute invalid.But before heading to Washington, the debate took a Harvard detour.On Thursday (March 24), a year and a day after President Obama made the law official, three legal scholars took up the question of whether or not the act violates the Constitution.Harvard Law School (HLS) Dean Martha Minow introduced the panel in Austin Hall’s Ames Courtroom. The event was sponsored by the School’s Federalist Society and the Petrie-Flom Center for Health Law Policy, Biotechnology, and Bioethics.There is no legal precedent for Congress requiring every person to enter into a contractual relationship with a private company, argued Professor Randy Barnett of Georgetown Law, who complained that the law oversteps the Commerce Clause, an enumerated power in the Constitution that gives Congress the power to regulate interstate commerce.“This has never happened before.”While the government can require things like the military draft, taxes, and jury duty, “each of these duties is necessary for the operation of government itself, and each has traditionally been widely recognized as inherent in being a citizen of the United States,” said Barnett.An alumnus of HLS whose work has been used by the courts finding the reform unconstitutional, Barnett also complained that there are no limits placed on this “new claim of federal power.”“Once the power to conscript Americans to enter into contractual relations with private companies is accepted here,” he said, “it will be accepted any time Congress needs economic mandates to be convenient to the regulation of the national economy.”Charles Fried, former solicitor general of the United States and associate justice of the Supreme Judicial Court of Massachusetts, countered that the Supreme Court has ruled that insurance is indeed commerce, and that “health insurance as a species of insurance is surely commerce.”Citing former Supreme Court Chief Justice John Marshall, Fried added that Congress has the “power to make the rule which regulates the subject of commerce.”Fried, the HLS Beneficial Professor of Law, also noted that the current health care mandate exists because Congress was “skittish” about adopting socialized medicine in the form of a single payer system or the government option.“It is ironic,” he said, “that a device used to keep health care within the private sector, is somehow viewed as an enormous assault on our liberties.”Panelist and Carl M. Loeb University Professor Laurence Tribe examined whether a mandate to purchase health insurance or pay a penalty tax can be considered an invasion of one’s liberty.“There may be a right in the enumerated penumbras of the Bill of Rights or the Liberty Clause, a right not to be forced to accept medical care you do not want, but there’s no right to force the society to pay for your medical care by taking a free ride on the system.”I. Glenn Cohen, an assistant professor at Harvard Law School and co-director of the Petrie-Flom Center, moderated the event.last_img read more

Mulch veggie plants

first_imgAdding mulch around vegetable plants like peppers, tomatoes, squash and eggplant can mean extra veggies at harvest time. Mulching prevents the loss of moisture from the soil, suppresses weed growth, cools the soil and keeps vegetables off the ground.Benefits of mulchMulch serves as a barrier between the plant and the soil. This helps prevent fruit rot that sometimes occurs when vegetables touch the ground.Adding mulch also reduces labor, since less cultivation is required. Emerging and small weeds won’t survive under a bark barrier, reducing the need for tillage and the use of weed-control chemicals.Mulch also conserves water by reducing evaporation of soil moisture. This lowers the soil temperature, too. Mulched soil also absorbs more water than unmulched soil. A layer of mulch also prevents the formation of soil crusts. Soil loss from heavy rain and wind is also decreased, making mulches excellent for conservation.Mulch improves root growth by acting as an excellent insulator, which prevents drastic changes in soil temperature. Mulch keeps the soil cooler in the summer and warmer in the winter. This increases nutrient availability and root growth. Adding mulch also makes the garden neater and reduces the amount of mud-splashed vegetables after heavy rains or watering.At the end of the growing season, organic mulch can be tilled into the soil to further increase the amount of organic matter and the water-holding capacity of the soil.How to applyA practical mulch should be readily available, inexpensive and simple to apply. Availability and cost vary from region to region. Some mulching material (like leaves) may be available in your landscape for free.Leaves work great as mulch. Apply 3 to 4 inches deep, bearing in mind that too little will give limited weed control, and too much will prevent air from reaching the roots. However, leaves can form a soggy impenetrable mat. Mixing leaves with fluffy materials such as hay or straw and/or shredding the leaves can solve this problem.Bark mulches vary, but all are durable and suitable for mulching. Small pieces of bark are preferred over large chunks.Coffee grounds tend to cake badly, but can be applied at a depth of 1 inch, so roots can benefit from the nitrogen content.Compost is especially good as mulch because it has fertilizer value and a soil-like appearance. It’s also a good organic amendment for tilling into the soil after the growing season ends.Newspaper is a readily available and economical mulch, but somewhat difficult to apply. A good use for newspaper is as an undermulch: place two to three sheets under a thin layer of another type of mulch.Peanut shells are NOT RECOMMENDED for use as mulch. They carry white mold (Sclerotium rotfsii) that can cause a major problem in the garden. Peanut hulls may also be infested with nematodes, nutsedge seeds and/or tubers. No matter which mulch you select, adding mulch around your vegetable plants will produce better results, cut down on your workload and help conserve water.last_img read more

Travel locally and domestic guests will be the main focus on the day after the coronavirus. Be ready

first_imgAll tourist boards in the world communicate the narrative – do not cancel the trip, but prolong it, and they want to bring potential travelers to the phase of daydreaming and planning. Thus, accommodation providers must communicate the contents of the distance and create motives for travel. Again, with the note that you have direct booking. / / / FIND OUT HOW GERMAN RAILWAYS SOLD 2 MILLION TICKETS WITH AN EXCELLENT DIGITAL CAMPAIGN According to the principle of “joint action – joint content – interconnection”, each of the federal states provides a “dream image”, which GNTB and 16 state marketing organizations share on their Instagram accounts. Likewise, now is the time to plan campaign campaigns. Now plan your promotional strategy, to be ready for the day after the crown, to start advertising as soon as possible / immediately, and only then to start thinking about promotion and wasting precious time. #Buy and travel locally It is also considering the introduction of vouchers for hotels, camps, private accommodation as well as already introduced vouchers for travel agencies. So, the main focus will be on the domestic guest. From the Ministry of Tourism we can expect the activation of the Cro Kartice project and a week of rest worthwhile, as soon as the conditions for that are created, because the projects and campaigns are ready and should have just been active. Thus, for the first time, the German Tourist Board (GNTB) launched a joint Instagram campaign under the hashtag #dreamnowvisitlater in cooperation with all 16 state marketing organizations. In any case, the focus will be on the domestic guest. Be prepared to start advertising right away. Communicate. The German Tourist Board has already launched a campaign. Although much earlier than expected because Europe is still in an active fight against coronavirus, fear and the whole economy is still standing .. In the past few years, Germany has been continuously campaigning and promoting travel within Germany, in order for Germans to stay in their country, and encouraging as many weekend trips as possible throughout the year. One of the strong arguments is a large, efficient and quality railway network, as well as excellent campaigns, as attached. Logically, the point is to save, launch and strengthen the local economy as soon as possible. And that goes for all states. And so for Croatia. So most travelers will travel within their states. Of course, the question also arises as to who will travel after this primarily health crisis, and only then the economic crisis. We will deal with this topic more tomorrow. And the main focus will be primarily on domestic guests, which in our case, can be positive because we did not have a local transmission of coronavirus, as in other European countries. / / / GERMANY AS OUR MAIN BROADCASTING MARKET, RECOVERY EXPECTED ONLY IN AUGUST OR SEPTEMBER The situation in Singapore, where they relented with all measures after the rapid decline in the number of new cases and the subsequent resurgence of new cases, is an additional warning not to relax too soon. Abolishing quarantine carries with it a serious risk of a new wave of epidemics. Regardless, it will be logical to put a lot of pressure on the economy to open up the market, because the question is how many months the economy can withstand this situation. We should definitely be prepared for the solution of simply living with the coronavirus if it reappears in the winter, at least until we find a cure. The German Tourist Board has launched the #DiscoverGermanyFromHome campaign It is realistic that the tourism sector will be activated only in the spring of 2021, and not with the same numbers as before. And of course, again on the assumption that a cure / vaccine is found and that the coronavirus does not reappear during the flu season in the winter, which no one knows yet. Optimists are still hoping, of course like everyone, including me, that they will still be able to catch at least 20-30% of the season in order to have at least some cash flow. center_img All in all, in this situation, it is out of place to talk about tourism, and what the tourist season will be is the main question for everyone. There are two models; one is a class optimist and the other a class realist. The financially “healthiest” target group are employees in the public sector, who have not been hit so hard by this crisis, nor have they had a salary reduction or layoffs in the public sector, and will be able to take annual leave without any problems. As I pointed out above, in Croatia for now, and I hope that this situation will not happen, we do not have a local transmission of coronavirus, and we are keeping the situation under control, as much as possible in this situation. Likewise, it is important to communicate at the moment. Just because it’s a current crisis situation and no one is thinking about traveling doesn’t mean we need to stop communicating. In a crisis situation, the worst thing is not to communicate. The campaign was created to show beautiful places from all federal states to potential travelers to Germany for a comprehensive list of future travel plans, but also motivates Germans to share their photos from their places and for Germans to stay in Germany. But before that, when the day comes after the coronavirus, the first thing that every country will do is a strong narrative and campaign to buy and consume domestic and local products, and also to travel locally, ie within its own country. There are currently too many unknowns and assumptions about the coronavirus epidemic for any predictions around the tourist season, which has paralyzed the entire world, the economy has stalled, and the tourism sector in particular. But one thing is for sure, the world will change, and so will the tourism sector and the way we travel and why. When we talk about a domestic guest, we will have to adjust the offer, ie safely lower accommodation prices as well as in general destinations. Of course, again, the question arises as to who will be able to afford the trip at all. There are currently over 150.000 unemployed in Croatia, others are wage cuts, and many are currently being forced to take annual leave so there will be no classic summer vacation, at least not in the private sector. Who will even have the courage to ask for summer vacation, let alone get it, only when the economy activates and begins to recover. Also, everyone who offers accommodation should think about the solution of having direct booking, in order not to pay a commission to booking portals, and thus further reduce your earnings. One thing is for sure, tourism has unfortunately received a strong blow. Although he recovered very quickly throughout history, in the situation with SARS it took 15-30 days, but in this case, unfortunately, recovery will take years, at least 2-3 years. The first serious growth can be expected in the spring of 2021, while this year only the most optimistic scenario could encourage at least some tourist activity and cash flow, of course assuming that we “exterminate” the coronavirus from Croatia and Europe in 2-3 months. Of course, everyone will have to adhere to strong disinfection measures. In fact, it would be good to post a video or pictures now of how you prepared the whole “protocol” and how you keep the apartments and rooms clean. It won’t bring much at the moment, but it will remain in people’s heads that you have taken it seriously and are sticking to all the prescribed measures. All hotels have canceled the reservation free of charge, so others must follow suit. I know it’s a risk, but that’s the current situation. Primarily in campsites and private accommodation, while hotels must practically halve prices to be price-competitive competitors to the domestic guest in this situation, and at the same time be on the brink of self-sustainability. Of course, if we look at the bigger picture, Spain, Greece and Turkey will aggressively attack the market and lower prices, as soon as the tourist market is activated, and we cannot be competitors in price. Again, fortunately for us, they depend on air traffic that will take a very long time to recover, so our advantage is that we are a car destination. Holiday homes will certainly be in focus, as well as active tourism and going to nature. I expect a lot of weekend trips outside the cities, especially from Zagreb as our strongest market. This will certainly further contribute to the fact that we will activate the domestic guest the fastest and easiest way to travel, especially within Lijepa naša. Also, the focus of the CNTB will be not only on the domestic guest, but also on the destinations we border, due to the proximity and the fact that we are a car destination. Although, of course, the question is, when will the whole situation calm down, will the situation calm down at the same time in other countries, will it have to be tested before crossing borders, have some permits, etc.… a lot of questions and currently few answers. Also, it should be borne in mind that the declaration of victory over the coronavirus, which means that there are no more new cases in a country, we can declare only 4 weeks after we no longer have patients, on the recommendation of an epidemiologist. He will have to survive this year.last_img read more

Virtual Camino Krk – an excellent new tourist product of the island of Krk, now in a virtual edition

first_imgAlthough at first it is difficult to connect the island of Krk with the Camino de Santiago, but this is another proof that in Croatia we have hundreds of phenomenal and authentic stories, which we just have to arrange, round, brand and tell. It is this content that we chronically lack. “This is a new experience for all of us, we are doing it for the first time, and we apologize in advance if the production is not flawless due to the short preparation time. But we have a strong desire to provide you with a piece of experience that you have been deprived of due to the current situation and we want to do it the best we can. Join us and be a part of the first virtual Camino Krk adventure. Thanks to everyone who will join and contribute. ” concludes Nataša Jurina, director of the Tourist Board of the City of Krk. Bravo for the island of Krk. Let’s tell stories, our authentic stories.  Although at first it is difficult to connect the island of Krk with Camin, but this is another proof that in Croatia we have hundreds of phenomenal and authentic stories, which we just have to arrange, brand and tell well.   As this is not possible now, the Krka Tourist Board decided to bring part of this experience closer virtually. During six days, it will be possible to experience a virtual part of the Camino experience through:  The story goes something like this…. What is the connection and story of the island of Krk with the Camino de Santiago or the Way of St. James? Camino Krk – is an excellent new tourist product as well as a motive for coming in the pre- and post-season. It is an event that marks the Croatian Camino route following the medieval pilgrimage routes on the island of Krk. The thematic route Camino Krk has joined the European network of pilgrimage routes of St. James, and created the preconditions for the development of pilgrimage and religious tourism on the island of Krk.  In October 2019, the first Camino Week was held on Krk, and on April 21.4 – April 26.4.2020, XNUMX. the second guided tour of the Camino Krk route was to take place. “Sthe situation that affected the whole world made it impossible for a large part of the planned activities, including the holding of the second Camino week. We therefore decided to provide the interested audience with a part of the experience with the help of digital tools and to hold a Virtual Camino Krk week which can be followed on our facebook pages. Currently, mostly all people spend time in conditions of isolation and quarantine, and digital media in the true sense have become their only windows into the world. Maybe this story from the island of Krk will brighten someone’s days that none of us had hoped to experience ” points out Nataša Jurina, director of the Tourist Board of the City of Krk. From 21. to 26.4.2020. experience Camino Krk via your computers, mobile phones or tablets on the Facebook page of the Krk Tourist Board – City of History and Culture. Photo: TZG Krk In Croatia since 1203, the Brotherhood of St. Jacob organized to help pilgrims who then walked from Croatia to Santiago de Compostela and back. Today’s Brotherhood of St. James, based in Samobor, inherits this tradition. She is a member of the Brotherhood of St. Jacob in Santiago de Compostela, the central institution that brings together the associations and fraternities of St. Jacob from all over the world. He is the issuer of the Croatian pilgrimage passport – Credentila, officially accepted as a pilgrimage document with which in Santiago de Compostela a diploma of pilgrimage is obtained – Compostela.  The first Camino week on Krk Virtual Camino Krk  Camino Week on Krk is a project that lays the foundations for the development of pilgrimage and religious tourism in order to extend the season and develop tourism in accordance with the principles of sustainability and preservation of tradition. There will also be a tour e-printing tj. e-passport for pilgrims, and at the end of the six-day virtual tour all “passengers” will receive and e-Composela for Camino Krk, while the original Compostela will be able to be picked up at the Tourist Board of the City of Krk live when possible.  Camino Krk is a circular route Krk – Porat – Omisalj – Dobrinj – Vrbnik – Baska – Kornic which encompasses the entire island. It’s a long eye 107 kilometers, and it is recommended to hike through the six-day program. The trails are marked between the mentioned cities, and one is passed every day. Camino Krk also has its own special sign which, in addition to the recognizable symbol of Camino, also bears another one, the one in Glagolitic – the oldest Slavic script specific to Croatia and Krk. However, as we are all in isolation at the moment and as tourism has literally stopped, the Krka Tourist Board decided to organize Virtual Camino Krk which brings the experience of the journey of St. James directly to the homes of all. In October last year on the initiative Tourist boards of the City of Krk i Brotherhood of St. James the medieval Krk pilgrimage routes were marked, as a Croatian contribution to the European network of pilgrimage routes of St. James.  The project was designed by the Tourist Board of the City of Krk and digital marketing agency Smartingo.com, and the great news is that all tourist boards on the island of Krk have joined the project: Tourist Board Omišalj and Njivice, Tourist Board Malinska, Tourist Board Baška, Tourist Board Dobrinj, Tourist Board Vrbnik, Tourist Board Punat , Krk Tourist Board. It goes without saying that Krk, as the first in a series of Croatian Camino routes, proved to be an ideal choice. The island, which thanks to its natural and material treasures is rightly proud of the epithet of the cradle of Croatian history and culture, is an ideal backdrop for a spiritual journey, the Krk Tourist Board points out, adding that Krk’s Camino meanders through impressive forests , old castles and churches, abandoned villages, small medieval towns and beautiful beaches. It is not immodest to say that the interior of the island of Krk gives the impression of an open-air cathedral. Find out more about the whole project HERE The Camino de Santiago or the Way of St. James is a network of pilgrimage routes leading to the Spanish sanctuary of Santiago de Compostela – the last resting place of St. James the Apostle, protector of pilgrims and travelers. From the north of Norway and the Baltic countries, signposts lead to Santiago de Compostela, and over 320.000 people a year walk the French-Spanish part of the route as long as 800 kilometers. In 1987, the Council of Europe awarded Camin the title of ‘Main Street of Europe’, while in 1993, its Spanish and French parts were declared a World Heritage Site by UNESCO. Although the network of Camino roads stretches across the whole of Europe, Croatia was almost the only European country which, despite a rich pilgrimage tradition, until recently did not have a route to Santiago.  a multimedia story for each day through pictures, video, voice-over, musican online photo exhibition with the Camino de Santiago with a variety of themesinteractive description of daily routescuriosities and description of individual places, natural and cultural sights along the routetestimonies of pilgrims who passed the Camino Krkmessages and thoughts of the day about what can be learned at Camin last_img read more

Inner City

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Don’t be ‘thorn in the flesh’ of state-owned firms, minister warns private sector

first_imgState-Owned Enterprises (SOE) Minister Erick Thohir said the government was happy for private firms to work with state-owned companies in tapping the country’s growing economic potential.He warned, however, that the private companies should have good intentions in such partnerships rather than become a “thorn in the flesh” of state-owned companies.”Private companies are welcome to partner with SOEs, but with good deeds. Don’t trick the SOEs, because many friends from the private sector often try to outsmart state firms,” he was quoted by kompas.com as saying on Wednesday. Erick said private businesspeople often colluded with insiders of SOEs to get big projects. “Don’t try to get people [into certain positions] just to eat away at SOE assets, “said Erick, the former chief of Italian soccer club Inter Milan.Collusion between owners of private companies and executives of state-owned companies has become common practice in the country as private companies try to win lucrative projects from SOEs.Some members of the House of Representatives and senior government officials have been jailed for involvement in corruption at SOEs. They were used to lobby key people at the SOEs to award big projects to their cronies. (hen)Topics :last_img read more

US companies leap over low profit hurdle in coronavirus-hit quarter

first_imgThe latest big boost to numbers came late last week, when results from Facebook and trillion-dollar market value companies Apple, Amazon.com and Google parent Alphabet surpassed forecasts.In many cases, estimates had been lowered so much ahead of earnings season that they were easier to beat, strategists said. Still, the results bolster the case for investors betting that the impact of coronavirus-led lockdowns and layoffs on companies’ bottom lines may not be quite as dire as previously believed.“What it’s saying is there are pockets of absolute strength in corporate America,” said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey.Tech results in particular suggest “there is spending going on globally,” she said. A record high percentage of United States companies are beating analysts’ forecasts this earnings season, giving investors a glimmer of hope in what is still expected to be the slowest profit period since the financial crisis.More than halfway through second-quarter earnings, 82.1 percent of companies reporting have surpassed profit expectations, which would be the highest in the history of Refinitiv IBES data going back to 1994.What’s more, the size of the beats is well above what is typical. S&P 500 companies have beaten earnings expectations by a whopping 21.7 percent, also set to be the highest on record since 1994, based on Refinitiv’s data as of Friday. The S&P 500 is up nearly 4 percent since results began in mid-July, putting it 3.4 percent from its February record closing high.To be sure, the pace of the market’s rebound off the March lows has slowed in recent weeks, with earnings coming in as the United States sees a resurgence in virus cases in many areas and economic numbers remain bleak.Second-quarter S&P 500 earnings – expected to have dropped 33.8 percent from a year ago – are still set to be the low point for earnings this year and the biggest quarterly decline since the financial crisis.Data on Thursday showed jobless claims rose last week, while the economy took its biggest hit on record in the second quarter.Strategists at BofA Global Research wrote in a recent note that while margins are “tracking a hair above expectations,” they are still expected to collapse and comments from companies suggest more job cuts ahead.Still, some companies have managed better-than-expected results for the second quarter.Investors have been particularly keen to hear from technology companies, the most heavily weighted sector in S&P 500 earnings.With results in so far from 36 of the 71 tech companies in the S&P 500, second-quarter earnings for the S&P 500 tech sector now are seen growing 1.4 percent from a year ago versus an 8 percent decline estimated on July 1, Refinitiv’s data shows.The S&P’s healthcare index has also seen big improvements since July 1, thanks to strong results from UnitedHealth Group, drugmakers like Pfizer and others. Analysts now expect healthcare earnings to have increased 1.1 percent compared with a 15.1 percent decline forecast at the start of July, according to Refinitiv.“The second quarter of 2020 was a quarter with more uncertainty in it than I have ever seen in my life. Managements for the most part suspended guidance, so had the world kind of flying blind as to what the second quarter would bring,” said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.And, “it’s brought results that are generally better than the worst imaginable. … Things are a little bit more positive than many people thought.”Topics :last_img read more

Gold Coast auction event racks up $12 million in sales

first_imgThe property at 71 Vulcan St, Kingscliff achieved the highest sale price, fetching $1.275 million.EAGER house hunters snapped up more than half of the properties on offer at an auction event last week, racking up $12 million in sales.About 200 people attended the Ray White Gold Coast South Network’s Summer Spectacular at Currumbin RSL on Saturday where 23 properties went to auction.Ray White Gold Coast South Network agent Brendan Gibb said they sold 13 properties under the hammer and two more soon after, resulting in a 65 per cent clearance rate.“There was good bidding as well, I think there were only three (properties) that didn’t pull a bid,” Mr Gibb said. A family with five children snapped up this property at 35 Oakland Pde, Banora Point.Mr Gibb said another Kingscliff property on Sailfish Way sold for $70,000 above reserve at $1.17 million.The sale of a Banora Point property was also a standout.Mr Gibb said the Oakland Pde house sold to a family with five children.“(They) were ecstatic to be able to get into something with enough room for them,” he said.He said they had put in a lot of effort in the lead up to the event to ensure it was successful. Kingscliff dominated with multiple million-dollar sales.A Vulcan St house recorded the highest sale, fetching $1.275 million.The five-storey property, described as a treehouse, has spectacular ocean, creek and bush views because of its hillside position. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:44Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:44 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p288p288p180p180pAutoA, 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 to bid at auction for your dream home? 01:45 The property at 59 Sailfish Way, Kingscliff sold for $70,000 above reserve.“We do (auction events) every month but every January or February we do the Summer Spectacular just to capitalise on the fact that there are so many tourists in the area.“I think this will have been the eighth year now.“January is always our strongest period.”MORE NEWS: NRL star sells Gold Coast home More from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoMORE NEWS: Australia’s 10 riskiest areas to investlast_img read more