China not convinced by Canada’s Wu-Tang Clan explanation

first_imgBEIJING (AP) — A ruckus brought by China over Canadian T-shirts bearing an altered logo of the New York hip-hop group Wu-Tang Clan is continuing, with China’s Foreign Ministry saying it doesn’t buy Canada’s explanation that the shirts were not an insult linked to the coronavirus. Canada’s Foreign Ministry said this week that the shirts using the “W” logo of the Wu-Tang Clan but with the group’s name replaced with “Wuhan” was not intended as a slight. It apologized for any misunderstanding. Chinese critics say the “W” is actually a bat and the shirt is meant to imply a connection between the animals and the Wuhan outbreak. China said Wednesday that Canada’s explanation was ”not convincing.”last_img read more

Free pine straw

first_imgMowing. Contoured pine strawislands, with just a few plants, can replace large areas ofhigh-maintenance lawn. Where you already have groups of shrubs ortrees, use pine straw to tie them together, he said. Then youwon’t have to mow around them individually.Watering. Sunshine and windwill take away much less water if the soil surface is coveredwith mulch, he said. Reduce water needs with pine straw mulcharound shrubs and in flower beds.Weeding. Mulches help controlweeds, he said. That provides two advantages: One, you don’t haveto pull weeds yourself. And two, you don’t have to spray chemicalherbicides around your yard. Extension foresters say pine straw actually falls year-round. Butneedle-fall is heaviest in fall, winter and early spring.If you have more pine straw than you can use in the fall, justfind an out-of-the-way place to pile it up and save it.Next spring, you could be happy you did. For all the reasons it’sso good in your landscape, pine straw can be just as valuable asa mulch in your vegetable garden.It can help keep the soil moist in small gardens, raised bedgardens or small beds of vegetable plantings. It can be good formulching small fruits, too, such as strawberries or blueberries.It can also help keep soil from washing from heavy rains,Westerfield said. That protects water quality and keeps you fromhaving to repair eroded areas.Here are some tips, he said, to help make the most of your pinestraw.Don’t replace. Replenish. One ofthe benefits of mulching, he said, is the organic matter it addsto the soil as it decomposes. Don’t remove the old straw. Justadd new straw on top of the old to make a layer at least 2 to 4inches thick. That’s the least it will take to be effective.Don’t pile it on too thick. “Idon’t know that it will hurt so much,” Westerfield said. “But anymore than about 6 inches just won’t do any more good.”Leave room around the stems.Especially with azaleas, he said, mulch piled up around the stemscan lead a second root system to develop. That often happens atthe expense of the deeper roots, which leaves the azalea evenmore susceptible to drought damage.Don’t just stuff it underneath.Spread it beyond the drip line, the line right under theoutermost leaves. Getting it over the feeder roots is the key, hesaid.Mulch young trees. It’s reallyimportant in the first two or three years, he said. Withshallow-rooted trees like dogwood, redbud or crape myrtle it’sgood to mulch even after that.Don’t use landscape fabric under thestraw unless your main purpose is complete weed control.If that’s the case, you won’t need as thick a layer of straw.In most cases, Westerfield said, pine straw that’s 2 inches deepafter it settles does 90 percent of what you’d expect the fabricor plastic liner to do. And 4 to 5 inches of fresh straw willsettle to about 2 inches.(Dan Rahn is a news editor with the University of GeorgiaCollege of Agricultural and Environmental Sciences.) By Dan RahnUniversity of GeorgiaGeorgia pines have started raining pine straw early this year.And yes, somebody has to rake it all up. But pine straw can bemore of a blessing than a chore, said University of Georgiaspecialist Bob Westerfield.”If you use it right, pine straw can actually help you have lessyard work to do,” said Westerfield, a UGA Cooperative Extensionconsumer horticulturist.Pine straw can free you, he said, from having to do so much:last_img read more

Woodchuck Hard Cider changes corporate name

first_imgVermont Hard Cider Company, LLC,Bret Williams, President and CEO of Green Mountain Beverage, recently announced that the hard cider company is changing its name to Vermont Hard Cider Company, LLC effective August 1, 2011. The name change comes at a time when the hard cider category is experiencing significant growth in the United States. The company produces the nation’s number one cider ‘ Woodchuck Hard Cider, which is available in all 50 states and is currently celebrating its 20th Anniversary in 2011! In June 2003 when Williams put together the deal to buy the company, the legal name became ‘Beverage Acquisition Group, LLC’ with Green Mountain Beverage as the d/b/a. At the time, it was uncertain if the company would survive, let alone be able to sell hard cider exclusively. Over the years, the Woodchuck Brand has grown three-fold and has enabled the company to remain solely focused on the hard cider category. ‘The name ‘Vermont Hard Cider Company’ better reflects who we are and what we do,’ Williams said. ‘Vermont, as well as our Company, stands for good people doing good things in a good way.’ Vermont Hard Cider Company will continue to operate in its current facility on Pond Lane, while actively pursuing expansion options in the Middlebury area.  About Vermont Hard Cider Company, LLCVermont Hard Cider Company, LLC, located in Middlebury, Vermont, is the leading hard cider producer in the United States, which includes the nation’s number one cider ‘ Woodchuck® Hard Cider. Having won 16 IMPACT Hot Brand Awards, Vermont Hard Cider Company, LLC is recognized for its superior cider brands. Vermont Hard Cider Company, LLC handcrafts and manages all levels of quality control in a state-of-the-art cidery in Middlebury, VT by employing a team of cider makers with over 30 years of combined experience directly in cider making and a team devoted exclusively to producing, marketing, and selling hard cider. More information is available at is external).last_img read more

BRO Athletes | Alicia Hudelson Runs the Smokies in a Day

first_imgSCAR is the name for the “Smokies Challenge Adventure Run,” a runners’ challenge that involves running the entire 72 miles of the Appalachian Trail that go across the Smoky Mountains, all in under 24 hours.  I had been itching to try this for several months and finally, this weekend, it was time to give it a go.The route certainly lived up to expectations. I started at Davenport Gap, the northern border of the Smokies, at 3:48 a.m.  I had decided to go southbound for two reasons–one, it would give me a more gradual descent off the mountain ridge at the end of the run, and two, it would get me past the Charlie’s Bunion area before the tourist crowds became too intense.I set off to warm, muggy weather and a peaceful, still forest lit up by a pretty sliver of moon. After 8 or 9 miles I popped out a nice section of ridgeline just in time for the sunrise.  From here until mile 31 would be one of my favorite runs ever. There was the perfect morning light on the ridge (my photos do not do it justice), the views off both sides, the many sections are perfect trail for runing.My legs were still feeling heavy and sluggish from Lake Sonoma, but it didn’t really matter as I knew I didn’t need to run quickly for this day; I just needed to keep moving steadily.13139115_10154013435745115_7215744808825060252_nAround mile 29 I got an exciting surprise: my friend Julien! I knew he was going to be at Newfound Gap to pace me, but I wasn’t sure where on the trail I’d find him. I got into Newfound Gap, which is mile 31.5, in 7:55, which was also a surprise as it was 35 minutes ahead of schedule. I was especially pleased as I had taken most of those miles conservatively, pacing myself as if I were doing a 100 miler rather than a 72 miler.  After a slightly longer-than-ideal stop at Newfound Gap, Julien and I set off for Clingman’s Dome, about 8 miles away.Heat is my kryptonite, and it struck with a vengeance at mile 32.  After Newfound Gap you drop off the other side of the ridge and run along the hillside below the ridge.  This meant I lost my cool breeze and gained direct sunlight. And the hills on this section are surprisingly difficult, even though they’re not the biggest on the route. Julien aptly named them the little steep monsters. Ouch!  Julien did an impressive job keeping me moving at a good pace after I started to slow.  We met Divesh just south of Clingman’s Dome and did a quick swap of my food and gear for the final 32.5-mile stretch.My original goal for SCAR was to run it in less than 22 hours. But when I left Clingman’s Dome with 10:15 elapsed, I realized that if I had a great second half of my run, I could possibly run under 20 hours or even under the women’s course record of 18:50.  On one hand, I had some significant nausea already starting, and I knew I was behind in my water intake. On the other hand, my legs were still feeling strong, and I actually managed to get ahead of  what I needed to run for an 18:50 between miles 40 and 50.IMG_20160430_065734_584My stomach didn’t do well during those miles, though.  I barely drank and I don’t think I ate anything until I was able to barter with a hiker for his Snickers bar at mile 50 (I gave him a bag of peanut butter pretzel bites).  Then the weather turned.  The occasional showers turned into a steady downpour that would last the remaining 22 miles.  When you haven’t been eating or drinking, you’re stopping often to throw up, and it’s raining heavily and windy, it’s almost impossible to stay warm, even with good rain gear and warm tights on.  I shivered my way along, feeling cold and miserable.  The trail was flooded and after it got dark it was almost impossible to see, since my headlamp wasn’t quite cutting through the dense rain and fog.  From miles 55 to 59 I slowly lost my cushion on an 18:50 finish, and at mile 59 the large hill up to the Mollie’s Ridge shelter took away any remaining chance I had at the record.The one thing I had to look forward to in the final miles was that Divesh was planning to run in 5 miles from the finish and meet me.  He actually made it 6 miles in, and I was thrilled to see him and have some company in the cold.  Those last 6 miles took so long that I was convinced I must be nearing the 24-hour mark (I hadn’t looked at my watch in several hours since it was under several layers of rain jacket and gloves) but I had to laugh when we emerged from the trail for the last mile on the road and I discovered that the clock was at 19:41.  I had planned a sprint finish down the last mile, but an attempt at sprinting quickly led to an especially painful bout of throwing up stomach acid, so I decided that a fast walk/shuffle would have to do, and I finished in 19:54.IMG_20160430_150100_748Other than the bad weather, my SCAR was basically a summary of everything I love about running:  great trails and views, a classic point-to-point route, pushing myself to a time that I wouldn’t have thought was possible, and even getting to see friends and family in the process.  A perfect day!BROAthleteBannerAdLearn more about:The Hub and Pisgah Tavern, Crozet Running, Bold Rock Cidery, and Blue Ridge Cyclery.Related Articles:last_img read more

Instagram Takeover: Kyle LaFerriere

first_imgThrough the camera lens and from the fly rod, I do things outside to see and experience beauty in nature, but I also do these things to experience friendships and create lasting memories to one day pass on to my kids and theirs.Related: This month’s Instagram Takeover features Virginia-based fly fisherman, photographer and all around outdoorsman Kyle LaFerriere. Kyle has taken a slightly different approach to his takeover, using his photos to tell a story about how he found himself immersed in the world of fly fishing and the friendship that ensued. Read on! Dinner with friends was something that my wife and I did every Thursday this past year. We were always excited for newcomers, but when one showed up and said he liked to fish, I got really excited.Fly fishing James River Zach MadisonHCV NextZach and his fiance had just moved from Colorado where he spent the last three years as a fly fishing guide. I quickly bombarded him with questions, told him about the shad fishing in Richmond and how it was just about to get going. I asked him if he wanted to fish in two days, told him where I would be at 6am and that I was going to take photos of him. I explained it would be cold and maybe miserable, but we would catch fish. To my surprise, he showed up and our friendship began.Fly fishing was always something I adored from afar. I hoped to someday be good at it and dreamed of being an old man teaching my grandson how to cast a fly rod. I had a few friends that did it, but for some reason I stayed comfortable with a spinning rod.Fly Fishing Rapidan River, Shenandoah National ParkHCV NextWhen @Zjmadison spoke of a place nestled up in the mountains where a dirt road led you to native brook trout in steams as wide as a school bus, I was a bit skeptical, but I got in the car and drove to the Radian River. Zach had a fly rod ready for me and was willing to teach me his ways. I remember thinking, “Well, if we don’t catch any fish… at least we can hangout in the woods and be outside.”During our trip to the Radian River, I was soon humbled by my early thoughts of doubt, toes in the icy cold water and watching @zjmadison create art with a fly rod. It was something I had never seen. You could say I was mesmerized. The sun began to peer through the secluded forest around us and it all began.Fly Fishing Rapidan River, Shenandoah National ParkHCV NextThe perfectly placed fly in front of a small waterfall was the needed temptation for our first Brookie. An explosion of water and a hook of the fish. Watching Zach fight this fish was like watching an eight year old on Christmas morning. You could see the joy written on his face. He pulled this gorgeous spotted fish above the water and said, “Im Healed.”I was a bit confused about his statement, but soon remembered that his previous life in Colorado had consisted of fishing 6 days a week for 8 hours a day. This lifestyle was engrained in him. These experiences were something that he missed dearly. Later that night under a campfire I asked him why he left life of being a guide in exchange for a job behind a desk. He softly answered, “Theres more to life than catching fish. I can’t do that forever, I wanted to settle down and begin a new life. Now I’m in Richmond catching fish with you.”When my wife told me she was leaving for a girls weekend to the beach with @Zjmadison’s fiance, I quickly knew what that meant for my weekend. I had to call Zach.screen-shot-2016-09-19-at-9-21-23-amWe left at 3:30am in hopes of receiving 2 of 4 permits to fish Beaver Creek. We missed getting the permits by minutes, but knew of a spot on the near by Mossy Creek, where we could walk around on farm land, get pestered by cows and eventually get to the water. “Don’t worry though, we will still catch fish,” he said. After our first excursion on the Rapidan River, I quickly learned not to doubt him and his ideas. Zach was right again. We were pestered by cows while pulling brown trout from the spring fed creek all day. Made the 3:30am wake up call well worth it.In the summer months, during the lull of trout fishing, we started a Wednesday night fishing group. We darted around the James River, that runs straight through Richmond, VA, in hopes of finding smallmouth.James River Smallmouth fishingHCV NextWe were all successful, Zach still catching the biggest fish, but I learned that it’s not always just about the fishing. The memories that I shared with a friend who I have only known for 6 months and the fishing summer of 2016 will be engrained in my head. @Zjmadison not only pushes me to catch better fish, but he pushes me to be a better man. We share the struggles and joyous times of our everyday life on and off the water.last_img read more

Suffolk Highways, Roads Shut Down By Snow, Stranded Motorists

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York With snow accumulations reaching up to 30 inches in some areas across Long Island, the Town of Huntington officially shut down all roads Saturday afternoon and officials are advising residents across Long Island to stay at home.“We have a bad series of events and they are compounding and aggravating one another,” said Governor Andrew Cuomo at an afternoon press conference.Huntington was particularly hard hit with 29 inches of snow and town roadways are to be used for emergency traffic only to allow snow clearing crews to effectively clear the roadways.“If this storm would have happened two hours later, the hundreds of people struggling to get home would have made it home,” said Suffolk County Executive Steve Bellone. “Emergency vehicles were dispatched immediately but emergency vehicles at this time were getting stuck. Firetrucks were getting stuck…We’ve never seen anything like this.”With many motorists stranded overnight, New York State Police shut down all parkways in Suffolk County as of 1 a.m.This includes the following parkways: Southern State, Northern State, Sagtikos/Sunken Meadow, Robert Moses Causeway, and Ocean Parkway.It is unknown at this time when roads will reopen. If travel is absolutely necessary, motorists will have to use other roadways.“I know the sun is shining and the snow has stopped,” said Cuomo. “Please stay at home, we do not need you on the roads. It is dangerous to be on the roads today. It can be deceptive, just because it’s fine in front of your home doesn’t mean the roads are fine. They’re not.”The National Weather Service has also warned of strong winds throughout Saturday.“While the heavy snow has ended across the area, roads across the region remain either impassable or treacherous,” the Service says in an alert. “In addition, gusty northwest winds will produce blowing and drifting of the snow at times, limiting visibilities. Travel is not recommended and only if absolutely necessary.”last_img read more

French faithful flash car hazard lights for communion at post-lockdown mass

first_imgTopics : It was held on the seventh day of a progressive easing of France’s strict lockdown instituted in mid-March to brake the spread of the virus which has killed more than 27,000 people in France.Under new, looser regulations, people are allowed to leave their homes and travel up to 100 kilometers. But gatherings of more than 10 people remain prohibited as the country seeks to progressively get back to normal without unleashing a new infection wave. At Sunday’s service in eastern France, hard hit by coronavirus, strict rules applied. Catholics in France’s virus hit east on Sunday gathered for their first mass in weeks, praying and singing hymns from the relative safety of their cars.Some 500 believers gathered in Chalons-en-Champagne in about 200 cars parked at least a meter from one another outside the city’s main exhibition hall. “It is a triumph of life,” bishop Francois Touvet told AFP, adding that the initiative was a first for France and went ahead only after the authorities gave special permission.center_img Cars were checked at the entrance to ensure each occupant was wearing a mask and had access to virus-killing hand gel.No more than four people were allowed per car, and no-one was allowed to get out. At the front of the car park, a pulpit complete with a cross and a statue of the Virgin Mary had been erected on a truck trailer, from where Touvet delivered his sermon over a microphone.  At the foot of the stage, a dozen priests and deacons sat arranged in a semi-circle, their chairs carefully spaced a safe distance from each other.Worshippers who wished to receive communion were asked to switch on their car’s hazard lights, and to clean their hands with sanitizing gel. Priests wearing face masks, their hands also disinfected, then went around from car to car.”Clean hands give the communion, clean hands receive it,” said Touvet. “An exceptional measure for an exceptional situation.”For Marie-Lorene, a 21-year-old resident of Chalons-en-Champagne, the mass was an opportunity to pray “for all those who have died of coronavirus for all those who fight against coronavirus and then for all the people who help the sick”.Touvet told the faithful they would celebrate Pentecost together at the end of the month, either in church, “or here again”, to worship “in this world wounded and overwhelmed by a small, invisible virus”.last_img read more

Governor Wolf Urges Congress to Prohibit Department of Justice from Disrupting Medical Marijuana Programs

first_imgGovernor Wolf Urges Congress to Prohibit Department of Justice from Disrupting Medical Marijuana Programs Medical Marijuana,  National Issues,  Press Release,  Public Health Harrisburg, PA – In a letter to Congress, Governor Tom Wolf today again expressed his concern over any interference by the federal government in Pennsylvania’s medical marijuana program implementation.“As Congress returns to session and continues moving forward on an appropriations bill for the 2018 fiscal year, I encourage you to support the amendment by Congressman Rohrabacher that prohibits the Department of Justice from using federal funds to prevent states from implementing a law that authorizes the use, distribution, possession, or cultivation of medical marijuana.“Twenty-nine states have passed legislation legalizing medical marijuana and there is broad support among the medical community of its benefits. Unfortunately, the Trump administration seems intent on impeding those suffering, including children and veterans, from getting the relief that is available to them.“Republicans and Democrats came together in the Pennsylvania General Assembly to send the legislation legalizing medical marijuana to my desk. We met with families who told stories of their children’s suffering and how medical marijuana offered them possibilities that were never there before. I am proud to say that Pennsylvania is on track for full implementation of its medical marijuana program in early 2018.”The Medical Marijuana Program was signed into law by Gov. Wolf on April 17, 2016. Since that time, the Pennsylvania Department of Health has:Completed the Safe Harbor temporary guidelines and Safe Harbor Letter application process, as well as approved 294 applications;Completed temporary regulations for: growers/processors; dispensaries; practitioners; and laboratories, which have all appeared in the Pennsylvania Bulletin;Released applications for medical training providers and laboratories;Issued permits to 27 entities for dispensaries and 12 entities for grower/processers;Developed the Medical Marijuana Physician Workgroup; andAwarded a contract to MJ Freeway for electronic tracking of medical marijuana.Governor Wolf’s letter concludes, “Failure to pass this amendment will force more suffering on some of our most vulnerable constituents. I urge you to support the Rohrabacher amendment to ensure that our citizens are able to receive the relief they so desperately need.”Read full text of the letter below. You can also view the letter on Scribd and as a PDF.Dear Congressman Dent:In June of this year, I wrote to Attorney General Sessions expressing my concerns over any interference by the federal government in Pennsylvania’s medical marijuana program.As Congress returns to session and continues moving forward on an appropriations bill for the 2018 fiscal year, I encourage you to support the amendment by Congressman Rohrabacher that prohibits the Department of Justice from using federal funds to prevent states from implementing a law that authorizes the use, distribution, possession, or cultivation of medical marijuana.Twenty-nine states have passed legislation legalizing medical marijuana and there is broad support among the medical community of its benefits. Unfortunately, the Trump administration seems intent on impeding those suffering, including children and veterans, from getting the relief that is available to them.Republicans and Democrats came together in the Pennsylvania General Assembly to send the legislation legalizing medical marijuana to my desk. We met with families who told stories of their children’s suffering and how medical marijuana offered them possibilities that were never there before. I am proud to say that Pennsylvania is on track for full implementation of its medical marijuana program in early 2018.Failure to pass this amendment will force more suffering on some of our most vulnerable constituents. I urge you to support the Rohrabacher amendment to ensure that our citizens are able to receive the relief they so desperately need.Sincerely, September 06, 2017 SHARE Email Facebook Twitter TOM WOLFGovernorLetter to Congress Regarding Department of Justice Interference With Medical Marijuana by Governor Tom Wolf on Scribdlast_img read more

Retention of full funding requirement ‘opposite to EC’s objective’

first_imgIn November 2013, Klaus Wiedner, head of pensions and insurance at the directorate general internal market, said its plan included solving cross-border issues and creating a framework that allowed pension funds to grow.“Retention of the fully funded requirement will not help attain that objective and would hamper IORPs’ willingness to engage in cross-border activities,” Roberts said. “And removal would make cross-border IORPs less expensive and less burdensome by aligning the rules to those for domestic IORPs.“Respondents to a green paper previously mentioned the full funding requirement as a major obstacle to cross-border activity. It also would have been coherent with overall EU policy in the pensions area, the Europe 2020 strategy and the green paper on long-term investment.“This option is not expected to generate costs. On the contrary, it is expected to generate significant gains. In particular, it will provide significant economic benefits to employees, employers and IORPs.”However, responding to an IPE question regarding the last-minute decision by the Commission to maintain the status quo, Wiedner said the Commission foresaw potential obstables in cross-border provision if full funding requirements were dropped.“We thought that, on balance, it was still better to keep that fully funded requirement because we obviously want cross-border trade, we want to make sure it is a sound cross-border provision of services,” he said.The initional inclusion of relaxed funding requirements was widely welcomed by the European pensions industry.Hans van Meerten of Clifford Chance in the Netherlands said that, despite the Directive being a positive step forward, the keeping of full funding requirements was disappointing.“The lobby has tried very hard to keep the pillar one [solvency] requirements out of the Directive, and the result is that we are faced with one that promotes the further shift to individual DC,” he said.Paul Bonser, head of the cross border consulting team at Aon Hewitt, said the move was effectively “discrimination”, as the Commission continued to treat cross-border pensions more harshly than others.“It is effectively discrimination, which the Commission is trying so hard to erase in most other areas,” he said.“Many within the pensions industry will question why this was reintroduced from the previous leaked version that was recently in circulation.“This will undoubtedly continue to limit the ability of multinationals, headquartered in certain markets such as the UK, Netherlands, Germany and Ireland, to use their home country pension funds for cross-border activity.” The confirmed retention of the need for cross-border pension schemes to be fully funded runs contrary to the European Commission’s aims for retirement provision in the union, experts have said.The Commission today published the newly revised IORP Directive, and while no change was made to cross-border funding, it represented a last-minute change of heart.Initial drafts included the provision for pension schemes operating in two or more member states to be regulated by the same standards as single-border schemes, in essence creating a provision for unfunded cross-border activity.Dave Roberts, senior consultant at Towers Watson, said the industry’s expectation was not wishful thinking, but rather believing a stance made by the Commission itself.last_img read more

Germany’s auditor fund shuns property currency risk

first_img“If I hedged the currency, I can also stay in Germany,” he added.The managing director also spoke fondly of the opportunities afforded to it by leveraging its direct real estate investments, at one point saying leverage of 70% could be possible.“Why not? If interest rates are rising, I pay back the leverage,” he told delegates.He said that the WPV, which receives annual contributions of around €170m a year, could simply use some of these cashflows. As a result, he argued there was no risk to the fund, as any negative impact from the leverage could simply be paid off.Korfmacher also said that the fund was interested in infrastructure debt, and had already sought exposure to infrastructure equity.“Of course, we’d only invest in infrastructure debt through funds – we are too small to think about doing direct investments.“I think infrastructure is the asset class of the future,” he said, noting that in the absence of bank loans, infrastructure would be a good substitute. The managing director of Germany’s pension fund for auditors and chartered accountants (WPV) has questioned why the €2.3bn fund should invest in overseas property if the cost of hedging the investment exceeds its benefits.Hans-Wilhelm Korfmacher told the IP Real Estate Global Awards in Munich last week that he had, on several occasions in the past, considered diversifying WPV’s real estate exposure into new markets such as Australia.“I was really convinced,” he said of a potential investment in Australia. “It was good timing, I liked the country, I liked the market, I liked the legal system – I liked everything, but I didn’t like the cost of currency hedging.Korfmacher said that he had therefore decided not to proceed with the Australian investment. “In some countries, I cannot afford to hedge – for example Australia, it’s too expensive.last_img read more