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first_img continue reading » Total vehicle sales continued to plummet in April, falling to 8.6 million annualized units. Monthly sales levels were down 47.8 percent versus April 2019 and hit the lowest number on record since January 1976 when the Commerce Department began recording data series.“Most of the country was under stay-at-home orders in April, severely depressing consumers’ ability to visit showrooms, not to mention the macroeconomic effects of Coronavirus on the broader economy,” said NAFCU Chief Economist and Vice President of Research Curt Long in a new Macro Data Flash report.“Reports suggest that the auto market has bottomed and that sales activity remained fairly flat over the latter half of April,” he added.Sales of cars and light trucks both decreased during the month, falling to 1.9 million annualized units and 6.6 million annualized units, respectively. However, light trucks continue to dominate the market share, with truck sales down 43.3 percent year-over-year and auto sales dropping 59.3 percent. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more


first_imgOffshore accommodation specialist Prosafe has posted a net loss of $360 million in the third quarter of 2019, compared to a loss of $118 million a year ago.Safe Eurus / A Prosafe accommodation unit / Image copyright: Prosafe“Due to a prolonged downturn and weaker outlook in the North Sea, in particular, an impairment of $341 million has been made to the book value of vessels, resulting in marginalized book equity. Prosafe has adequate liquidity of $216 million,” Prosafe said.The company’s fleet utilization for the quarter was 48.2 percent, similar to 48.1 percent a year ago.“Based on firm commitments, the company maintains adequate liquidity beyond 2020. The company will initiate a dialogue with its lenders to ensure sufficient flexibility for the longer term. Going forward, the focus will be on further reducing the organization in response to the reduced and volatile activity level to reduce costs and preserve cash. Further, Prosafe will seek entry into new geographical markets and new segments,” the company said.Providing its take on the current market for offshore accommodation rigs Prosafe said that activity in the market has continued to decline during 2019, and the outlook for 2020 is lowered significantly with the largest impact in the North Sea. Prosafe said that it sees no tenders in the North Sea and with only a few contract opportunities anticipated in the next years, in Norway in particular.Outside of the North Sea region, Prosafe sees Brazil offering opportunities, although at lower rates. Two tenders are currently outstanding in Brazil, the company said. Apart from Brazil, Prosafe has stressed increasing focus on other markets including Mexico.Prosafe also said that long-term macro indicators remain positive based on a continued expectation of growth in demand for energy globally.Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.Also, if you’re interested in showcasing your company, product, or technology on Offshore Energy Today, please contact us via our advertising form, where you can also see our media kit.last_img read more


first_imgStuff.co.nz 15 June 2016Family First Comment: And legalising euthanasia in NZ would simply exacerbate the problem. Older New Zealanders are not a problem to be rid of — they’re a generation to be honoured and cared for. Elder Abuse has become a significant problem in New Zealand. We cannot ignore the possibility that dependent elderly people may be coerced into assisted suicide (euthanasia). We cannot put older New Zealanders at risk by creating new paths to elder abuse, potentially resulting in a ‘duty to die’. Assisted suicide (euthanasia) poses a threat to the equality of persons.A spike in family members assaulting, neglecting or ripping off their elderly relatives has been reported in Canterbury.Age Concern Canterbury reported a 53 per cent increase in the number of elder abuse cases from 2014 to 2015, with 187 cases last year.As of June, the organisation was well on its way to surpassing that figure, with 10 new cases reported each week.June 15 marks the start of Elder Abuse Awareness Week and Age Concern Canterbury has called for an end to the abuse of the country’s vulnerable.​Age Concern Canterbury social worker Trina Cox said over the last 12 months there had been noticeable growth in family violence toward elderly in Canterbury.“What we’re seeing is the physical assault of elderly.”Nationally, more than 75 per cent of elder abuse was committed by family members.Elder abuse included psychological, financial or material abuse, physical and sexual abuse, neglect and institutional abuse.READ MORE: http://www.stuff.co.nz/national/81023228/elder-abuse-soars-as-countrys-vulnerable-targeted.htmlKeep up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

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