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How I’d aim to generate a rising passive income from UK dividend stocks

first_img Image source: Getty Images We think that when a company’s CEO owns 12.1% of its stock, that’s usually a very good sign.But with this opportunity it could get even better.Still only 55 years old, he sees the chance for a new “Uber-style” technology.And this is not a tiny tech startup full of empty promises.This extraordinary company is already one of the largest in its industry.Last year, revenues hit a whopping £1.132 billion.The board recently announced a 10% dividend hike.And it has been a superb Motley Fool income pick for 9 years running!But even so, we believe there could still be huge upside ahead.Clearly, this company’s founder and CEO agrees. This one tempts me. Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Learn how you can grab this ‘Top Income Stock’ Report now Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has recommended GlaxoSmithKline. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address See all posts by Harvey Jones The Motley Fool UK’s Top Income Stock… Harvey Jones | Wednesday, 9th June, 2021 Some investors overlook the value of UK dividend stocks, as they go chasing whizzy growth stocks, or get distracted by passing fads and frenzies. Last year’s dividend bloodbath, when scores of FTSE 100 companies cut shareholder payouts, didn’t help.Yet I think UK dividend stocks are a great way to generate the income I need to enjoy a comfortable retirement. The FTSE 100 is still on course to yield 3.8% this year, according to AJ Bell, and that should rise over time as more companies restore payouts. I plan to invest all my dividends for growth while I’m still working, then draw them as income when I retire.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Here’s why income is so important to the FTSE 100Too many investors underestimate the power of UK dividends stocks. FTSE 100 shares offer some of the most generous dividend income in the world, far higher than the US, where the S&P 500 currently yields just 1.45%. Over time, I expect them to make up the bulk of my returns.Over the 20 years to 31 December 2019, the FTSE 100 rose around 600 points to 7,542, a rise of just 8.8%. With dividends reinvested, the total return was a far more impressive 122%, according to Schroders. Dividends rule!Under something called the 4% rule, I’d need an investment pot of £500,000 to generate income of £20,000 a year. The rule suggests that if I withdraw 4% of my portfolio each year as income, my capital will never run out.I’d consider buying these UK dividend stocksOne downside is that £20,000 a year may not be worth as much in real terms when I retire, depending on what inflation does in the interim. However, I’d have my basic State Pension on top of that, which adds £9,339 a year in today’s money. That brings my income closer to £30,000. I might need to save even more, but what’s the alternative? Cash no longer cuts it.Reaching £500,000 is a tall order. It involves saving £150 a month, every month, over a 45-year working lifetime (and increasing this sum by 3% each year). This assumes annual growth of 5%. If my portfolio generates 7%, I could get there by saving £100 a month. It helps that the government offers tax relief on contributions, reducing the real cost to me.I’d start by targeting the best UK dividend stocks, many of which generate income of 5%, or more, with share price growth on top. Insurer Aviva yields 6.5%. Telecoms giant Vodafone Group yields 5.99%. Pharmaceutical giant GlaxoSmithKline (5.92%), utility National Grid (5.37%) and mining giant Rio Tinto (5.33%) also offer great levels of income.Best of all, UK dividend stocks aim to increase shareholder payouts, year after year. That should give me a rising passive income, over time. Dividends aren’t guaranteed, of course. As we saw last year, they could be reduced, or scrapped altogether.That’s why I’d hold a balanced blend of top UK dividend stocks, so if some underperform, others should compensate by doing better than I expected. How I’d aim to generate a rising passive income from UK dividend stockslast_img read more

What Kraninger Brings to the Table

first_img Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Related Articles Demand Propels Home Prices Upward 2 days ago December 6, 2018 4,168 Views Home / Daily Dose / What Kraninger Brings to the Table The Best Markets For Residential Property Investors 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post in Daily Dose, Featured, Government, News BCFP Director Government Kathleen Kraninger Kraninger Mick Mulvaney Senate 2018-12-06 Radhika Ojha Kathleen Laura Kraninger will become the next Director of the Bureau of Consumer Financial Protection after a Senate vote confirmed her nomination. She will succeed Acting Director Mick Mulvaney at the bureau.Kraninger’s nomination was passed by the Senate Banking Committee in August. During that hearing, Sen. Mike Crapo had said, “It is my hope that, if confirmed, Ms. Kraninger will be more accountable to senators on this Committee than Director Cordray was.”Applauding her confirmation as the new director of the BCFP, Jeb Hensarling, Chairman of the Financial Services Committee said, “As Congress continues its efforts to reform the Bureau into a law enforcement agency that truly protects consumers and is accountable to the people, I am confident that with her experience and knowledge of budget management, Kathy will excel as Director of the Bureau. I look forward to working with her, the Trump Administration and House and Senate Democrats to put real reforms in place that protects consumers.”Kraninger is likely to follow the path set by Acting Director Mulvaney during his time at the BCFP. Mulvaney’s entry into the Bureau in November 2017 was a controversial one and has been in the news this year as much for the changes he’s brought to the Bureau as the controversies around them.From requesting $0 for the Bureau’s budget in Q2, and recommending four key changes to make the BCFP “more transparent and accountable,” to the more recent change of name from the Consumer Financial Protection Bureau to the Bureau of Consumer Financial Protection, the Acting Director is expected to leave his mark before he hands over the reins to his successor.During her testimony to the Senate Banking Committee, Kraninger hinted at pursuing a similar path as the current Acting Director Mick Mulvaney. She said that she had four initial priorities for the Bureau if confirmed as Director The first priority she said would be to make the Bureau “fair and transparent.”Secondly, Kraninger intends for BCFP to work closely with other financial regulators and the States on supervision and enforcement. Third, she said, “The Bureau must recognize its profound duty to the American people to protect sensitive information in its possession.”And lastly, she said that she would look at making the Bureau “accountable to the American people for its actions, including its expenditure of resources.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: BCFP Director Government Kathleen Kraninger Kraninger Mick Mulvaney Senate Servicers Navigate the Post-Pandemic World 2 days ago About Author: Radhika Ojha The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save What Kraninger Brings to the Table Sign up for DS News Daily Previous: The Mortgage Law Firm Announces Expansion Next: 2019 Trends in Real Estate Investmentslast_img read more

Delhi High Court Modifies Office Order, Allows Lawyers To Appear Either By Physical Or Virtual Mode

first_imgTop StoriesDelhi High Court Modifies Office Order, Allows Lawyers To Appear Either By Physical Or Virtual Mode LIVELAW NEWS NETWORK21 Jan 2021 11:03 PMShare This – xAfter massive backlash on its decision to resume physical hearings, the Delhi High Court has permitted lawyers to appear before it via-video conferencing, on an advance intimation. Though an office order issued under the authority of Chief Justice DN Patel, it is intimated: “Matters shall be taken up through physical mode as per the Roster of Sitting of the Hon’ble Judges of this…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginAfter massive backlash on its decision to resume physical hearings, the Delhi High Court has permitted lawyers to appear before it via-video conferencing, on an advance intimation. Though an office order issued under the authority of Chief Justice DN Patel, it is intimated: “Matters shall be taken up through physical mode as per the Roster of Sitting of the Hon’ble Judges of this Court. However, request for taking up any such matter through virtual mode shall be entertained by the Court wherever advance intimation is provided.” The decision comes days after the Supreme Court disposed of two pleas challenging the decision to resume large-scale physical hearings (without an option to appear through virtual mode), with “trust” that the Chief Justice of the Delhi High Court “will do the needful”. ‘We Trust That The Chief Justice Of Delhi HC Will Do The Needful’ : SC Disposes Of As Withdrawn Lawyers’ Pleas Against Physical Hearings In Delhi “We see the gravity of the problem. Primarily, we do not interfere with the administrative decisions of the Chief Justices. We will ask you to go back to the High Court and address your grievances there”, CJI SA Bobde had said on a posting date. On Wednesday, the Top Court disposed of the petitions as withdrawn after the submissions of Senior Advocate Kapil Sibal that a meeting was scheduled for today with the Delhi High Court Registrar-General to discuss the issue. On Friday, the Registrar General issued an office order, inter alia intimating that request for taking up any such matter through virtual mode shall be entertained by the Court wherever advance intimation is provided. The RG has also intimated that the High Court is already taking steps for hybrid hearing so that in a given case, one party may join the proceedings through virtual mode while the other is present physically in the Court. Till such time, lawyers will have an option to opt for virtual hearings. The decision of the Delhi High Court to resume large-scale physical hearing before itself and subordinate courts in Delhi with effect from January 18 was challenged in view of the fact that it compels the advocates, court staff, litigants and other persons appearing before the Courts to put at risk their own, as well as their family members’ health in order to earn livelihood.Click Here To Download Order Read OrderSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Man Spends 18 Yrs In Jail: Orissa High Court Orders De-nove Trial

first_imgNews UpdatesMan Spends 18 Yrs In Jail: Orissa High Court Orders De-nove Trial Sparsh Upadhyay18 April 2021 11:08 PMShare This – xDisposing of an appeal and setting aside the conviction and sentence of an appellant who spent 18 Years in Jail, the Orissa High Court last week remitted the matter back to the Sessions Court for de-nove trial. The Bench of Justice S. K. Mishra and Justic Savitri Ratho was hearing the appeal filed by one Habil Sindhu assailing his conviction under Section 302/201 of the IPC. As per…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginDisposing of an appeal and setting aside the conviction and sentence of an appellant who spent 18 Years in Jail, the Orissa High Court last week remitted the matter back to the Sessions Court for de-nove trial. The Bench of Justice S. K. Mishra and Justic Savitri Ratho was hearing the appeal filed by one Habil Sindhu assailing his conviction under Section 302/201 of the IPC. As per the judgment dated 30th June 2005, the trial Judge had convicted the appellant for the aforesaid offence and sentenced him to undergo R.I. for life for the offence under Section 302 of the Penal Code. Submissions made before the Court The Amicus Curiae assailed the trial Court’s judgment on various grounds pertaining to the appreciation of evidence, however, it was primarily highlighted by him that the appellant was not provided with effective free legal services by the State Defence Counsel (SDC). Also, the counsel for the appellant argued that although the learned trial Judge engaged an SDC to defend him, but such counsel was engaged without assessing his ability to defend the accused, who was charged with the murder of three persons. Moreover, it was also argued that the counsel was engaged on the date of trial when the private defence counsel appearing for the appellant did not appear and though on date of trial, no witnesses were examined on behalf of the prosecution, on the next two dates, the majority of the material witnesses were examined. Court’s observations At the outset, the Court noted that the appellant was not given proper legal assistance as enshrined under Article 39-A of the Constitution in the true sense. Firstly, the Court noted that the trial Judge had not recorded whether the SDC engaged by him was among the counsels shortlisted by the District Judges’ office to be appointed as SDC and that there was no observation by the trial Judge that the SDC engaged by the court to defend the appellant was in fact competent in the assessment of the learned trial Judge to defend the appellant in a complex case of a triple murder. Further, the Court observed that 9 Prosecution witnesses were examined in chief and then cross-examined by the defence on 17th, 18th and 19th August of 2004 and that they were examined in the trial of an accused charged committing murder of three persons by a SDC, who was engaged just one day prior to the examination i.e. on 16th August 2004. To this, the Court noted, “So, in our considered opinion, the appellant had no valid, proper and effective legal representation in the case. The learned trial Judge should have granted at least seven days’ time to the learned counsel appearing for the appellant to prepare the case.” Therefore, the Court opined that it was a case where the accused had been denied a fair trial and it was violative of Article 39-A as well as Article 21 of the Constitution. Consequently, keeping in view the entire facts of the case and taking a holistic view of the matter at hand, the Court was of opinion that the case should be remanded back to the learned trial Judge for de nove trial. Thus, the Court remanded the case to the court of learned Sessions Judge, Mayurbhanj, Baripada with a direction to dispose of the case as early as possible preferably within a period of three months. While disposing of the session trial, the Court directed the learned Sessions Judge to keep in mind the following observations: – In a case where the privately engaged counsel does not appear on the date of hearing or trial, then an effort should be made by the learned Sessions Judge to draw the attention of the counsels appearing to the various provisions of the Bar Council Rules and Advocates Act and they should be politely reminded of their duties towards the client, the court, and the society. While preparing list of a State Defence Counsel or Amicus Curiae, care must be taken by the learned District and Sessions Judge to include the names of those counsels, who have at least ten years of practice. In all such cases, the learned District Judge with inputs of Chief Judicial Magistrate as well as the Registrar of the Civil Court and inputs of the Public Prosecutor, President of the local Bar (s) should form an opinion about the ability of the counsel to provide meaningful assistance to the accused. Only when the District Judge is satisfied, either on his own information or information received by him, then only a counsel should be included in the penal of State Defence Counsel for the purpose of defending persons, who do not have enough means to engage their own private counsel. If a situation arises where the privately engaged counsel do not come forward or their assistance cannot be obtained without considerable delay and expenses, then the Presiding Judge of the court, in seisin of the case, may appoint a State Defence Counsel or Amicus Curiae. While appointing a counsel to defend an accused, the Presiding Judge of that Court, in seisin of the trial, should be satisfied with his ability to defend the accused. In this connection, the learned trial Judge may look into or take into consideration the list prepared by the District Court office. But, it is not binding upon him. If he finds that as per his own judgment while deciding the case that the counsel mentioned in the Penal do not have the ability to defend and give meaningful assistance to the accused, the learned trial Judge may appoint a counsel of his choice, dehors the list that has been prepared. In such cases of appointment beyond/outside the State Defence Counsel list prepared by the District Court, the payment of the dues (which in our opinion is not sufficient) should not be withheld by the Registrar or such other officer in charge of the finances and accounts of the District Court. Such appointment from outside the list of the State Defence Counsel prepared by the District Office shall not be considered as a financial irregularity. We must hasten to add that the learned trial Judge should record a finding that the counsel named in the list, in his opinion, may not be able to render meaningful assistance to the accused. It shall be proper on the part of the learned Judge to record the reasons for his opinion. It is further observed that in order to expedite sessions trial, the learned trial Judge should not procrastinate the trial as is seen in this case. Case title – Habil Sindhu v. State of Odisha [Jail Criminal Appeal No. 132 of 2005] Click Here To Download JudgmentRead JudgmentNext Storylast_img read more

Pilot scheme for ferry service to Donegal’s smaller islands proposed

first_img WhatsApp DL Debate – 24/05/21 Google+ Twitter Important message for people attending LUH’s INR clinic Loganair’s new Derry – Liverpool air service takes off from CODA Pinterest Arranmore progress and potential flagged as population grows News, Sport and Obituaries on Monday May 24th Facebook Facebook Pinterestcenter_img WhatsApp Previous articleTaoiseach confirms 27 million funding cut for A5 projectNext articleCouncil agrees to carry out minor repairs on Magheralask Rd News Highland RELATED ARTICLESMORE FROM AUTHOR FT Report: Derry City 2 St Pats 2 Pilot scheme for ferry service to Donegal’s smaller islands proposed Twitter The Donegal Islands Committee has proposed a pilot scheme for a ferry service to Donegal’s smaller islands be introduced for 2019.At today’s meeting of the Islands Committee much support was given to a motion to introduce a scheme part funded by Donegal County Council.It is anticipated it will initiated sooner rather than later given that a similar service to Gola Island operated previously, provided funding is sanctioned.Member of the Islands Committee Councillor Micheal Cholm MacGiolla Easbuig says the introduction of such a scheme would greatly enhance the local tourism industry:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/02/ferryservice5pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. AudioHomepage BannerNews Google+ By News Highland – February 12, 2019 last_img read more

Number crunching

first_img== 6.2% ==…the percentage year-on-year fall in sales of bread in Italy, according to Italian farmers’ body The Confederazione Italiana Agricoltori (CIA), – worse than veg (-4.2%), pasta (-2.6%), pork (-4.7%) and beef (-3.8%)last_img

Twiddle Welcomes Turkuaz’s Shira Elias & Taz Niederauer For Capitol Theatre Closer [Videos]

first_imgTwiddle closed their first set at The Capitol with a powerful rendition of “Angel From Montgomery”, the John Prine 1971 classic that was largely made popular by Bonnie Raitt a few years later. For this strong set-closing number, the band invited out Turkuaz songstress Shira Elias as well as the young guitarist Brandon “Taz” Niederauer to help push the song to its limits and making for a truly special moment during the show.“Angel From Montgomery”For second set, Twiddle returned with a set-opening “Tiberius” followed by the classic combination of “Hatti’s Jam” and “When It Rains, It Pours”. Similarly jammy throughout, the band segued into “White Light” before re-entering “Tiberius” to close the opening non-stop sting of five tunes. Brandon “Taz” Niederauer once again returned to the stage for a rendition of “Milk” before the show closed out with “Carter Candlestick” into a massive return to the show-opening “Jamflowman”. Taz also stayed on for the energized, show-closing rendition of the Grateful Dead’s “Shakedown Street” for encore.“Tiberius” On Saturday night, Twiddle continued their Thanksgiving run, rounding out a two-night stand at The Capitol Theatre, the historic venue in Port Chester, New York. The band has been clearly energized for this run, and coming off of Organ Freeman’s opening set, the Vermont quartet was dialed in from the get-go. However, the true highlights of last night’s show came in the form of surprise collaborations across the evening, including with Turkuaz vocalist Shira Elias and young guitar prodigy and increasingly frequent Twiddle collaborator Brandon “Taz” Niederauer.Organ Freeman’s Opening Set Twiddles’ first set at The Capitol Theatre was more or less non-stop, with the group focusing on working transitions across songs and weaving and returning to previously played numbers. After the energetic and bounding opening “Jamflowman”, Twiddle transitioned through a “Dr. Remidi’s Melodium” sandwich, which itself contained the PLUMP Chapter 1 classic “Every Soul”. Coming out of the second “Dr. Remidi”, the band quickly segued through a return to “Jamflowman” before landing in the perennial crowd-pleaser “Doinkenboink!!”. This number too was given the proper treatment, itself containing a rendition of the old-school favorite “Latin Tang”, which was originally penned by Twiddle’s former bassist Billy Comstock before Zdenek Gubb took over on bass duties for the band.“Jamflowman” “Milk” “Shakedown Street”Setlist: Twiddle | The Capitol Theatre | Port Chester, NY | 11/25/2017Set 1: Jamflowman > Dr. Remidi’s Melodium[1] > Every Soul > Dr. Remidi’s Melodium > Jamflowman > Doinkinbonk!!! > Latin Tang > Doinkinbonk!!!, Angel From Montgomery[2]Set 2: Tiberius[3] > Hatti’s Jam > When It Rains, It Pours[4] > White Light > Tiberius, Milk[5], Carter Candlestick > JamflowmanEncore: Shakedown Street[1] “Dr. Remidi’s Melodium” contained a Gubb Dump looping solo and Brook playing on Gubb’s bass with drum sticks.[2] “Angel From Montgomery” featured Shira Elias (Turkuaz) on vocals and Brandon “Taz” Niederauer on guitar.[3] “Tiberius” contained an “Apples” tease.[4] “When It Rains, It Pours” contained a “Somewhere Over The Rainbow” tease.[5] “Milk” featured Brandon “Taz” Niederauer on guitar.[Cover photo: Andy Gardecki on Instagram]last_img read more

Judicial Council withholds election results

first_imgCampaign violations and sanctions against the LaMagna-Andresen ticket for student body president and vice president prevented the Judicial Council from releasing election results as scheduled 12 a.m. Tuesday, according to the Judicial Council.In a press release issued late Monday night, the Council said it sanctioned junior Olivia LaMagna and sophomore Rohan Andresen for “insulting the opposing ticket in a Facebook post by a supporter.” The Council asked LaMagna and Andresen to remove the post from Facebook.Andresen told The Observer the incident was “a miscommunication and a misunderstanding of one of our supporters who did not mean to offend anyone in any way.” LaMagna said she was grateful for the dedication her and Andresen’s supporters had shown during the campaign process.“There was absolutely no harm or offense intended, nor did we perceive that anything that any of our supporters have done over the course of this could be in any way, shape or form offensive,” LaMagna said. “We don’t want this to downplay all of the awesome work that we’ve had with the innovative team behind us and we don’t want this to overshadow the impressive work that happened by the hard work of a lot of people over the course of this election.”The Constitution of the Undergraduate Student Body of the University of Notre Dame du Lac states that election results cannot be released while any allegation or appeal is pending. Candidates may appeal the Election Committee’s decision within 12 hours of the hearing.Zachary Llorens Judicial Council stated that the results of Monday’s vote cannot be released until 9:15 a.m. Tuesday at the earliest, according to these rules. An earlier press release from Judicial Council issued Monday morning said juniors Lauren Vidal and Matthew Devine “exceeded their campaign spending limit by paying for advertising on Facebook for specific posts.” “As an appropriate sanction, the Election Committee hereby asked the Vidal-Devine campaign to completely delete from Facebook the three advertised posts that caused them to exceed their campaign spending limit,” the press release stated. According to the Constitution, “A campaign limit is set for all Student body Presidential and Vice-Presidential candidates’ tickets at $200.00. … Penalties are up to the discretion of the Election Committee.”Devine said he and Vidal were looking forward to hearing the vote tally Tuesday. “Lauren and I are going to get rest tonight,” Devine said. “We’ve been working hard these past few weeks, and we’re excited to hear the results [today].”Tags: elections, Student Body Presidentlast_img read more

New Mexico town bids to keep San Juan coal plant running

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):The city of Farmington, N.M., announced that it has signed a deal with a private holding company to keep the coal-fired San Juan Generating Station open, but the plant’s majority owner and operator, PNM Resources Inc., indicated it does not see how such an arrangement would be viable.The city announced in a news release on Feb. 24 that it signed an agreement with Acme Equities LLC, which Farmington described as a New York City-based private holding company that focuses on North American energy assets. However, little additional information about the company could immediately be found on Feb. 25.Farmington, which owns 8.48% of San Juan Unit 4, announced it will begin negotiations with the plant’s other owners to transfer their interests, so the city can keep the plant running beyond its scheduled retirement date.However, PNM issued a statement that it remains committed to the plant’s closure in 2022 and has no plans to surrender its ownership and status as the plant’s operator. The plant is located near Farmington in San Juan County, N.M. Two of the plant’s four units were retired at the end of 2017.The parent company of Public Service Co. of New Mexico said the anticipated shutdown is consistent with its integrated resource plan and the IRPs of three of the other plant owners. Fortis Inc. subsidiary Tucson Electric Power Co. owns 50% of unit 1, which began operating in 1976. Along with Farmington, two other public power entities own small percentages of unit 4, which began operating in 1982.“PNM will continue to work with the other four San Juan Generating Station owners in accordance with their agreements to plan for a shutdown of the coal plant in 2022, subject to necessary regulatory approvals,” the company said.More ($): N.M. town claims it has deal to keep San Juan coal plant running New Mexico town bids to keep San Juan coal plant runninglast_img read more

6 Adventure Breweries in the Blue Ridge

first_imgLife wasn’t always this good in the Southern Appalachians. There was a time, not that long ago, when friends would have to “smuggle” New Belgium’s Fat Tire back across the Mississippi River on the tail end of ski trips to the Rockies. Hell, it wasn’t too long ago, that people had to smuggle Coors back from Colorado. Seriously. Coors. That’s how bleak the beer landscape was in the South “back in the day.” Now look at us. There are more than 100 craft breweries making beer in North Carolina alone. Ditto Virginia. Not only is the Southern craft brew scene evolving, but big Western craft breweries are moving in as well (see sidebar). And some of these breweries, both big and small, are located on the edge of the South’s most iconic adventure. That’s where this guide comes in, because beer goes better with adventure and vice versa. That’s a scientific fact. You can’t argue with science. So we’ve picked six perfectly placed breweries that you can hit after a perfect day outdoors, whether it’s kayaking the coast or knocking out an epic day hike on the A.T.1. Devils Backbone Basecamp and MeadowsRoseland, VirginiaDevils Backbone has outgrown its original basecamp location, moving most of its production to a much larger facility, called the Outpost, in Lexington, Va. But the party and the adventure can still be found at DB’s Basecamp. We’re talking about a brewpub that’s surrounded by 100 pristine acres at the base of Wintergreen Mountain and Resort within a stone’s throw of Three Ridges Wilderness. Devils Backbone has done its best to bring the area’s surrounding adventure scene into its brewery, developing its own 5K running and biking trails. DB has even fostered a solid connection with Appalachian Trail thru-hikers, picking them up from nearby Reid’s Gap and letting them camp in the Meadows for free. Thru-hikers even get a discounted breakfast the following morning. And you don’t have to leave the brewery’s property to find adventure; Basecamp hosts a series of trail runs and bike rides throughout the year.DO THIS: There’s road cycling galore, thanks to the country roads that intersect the Blue Ridge Parkway nearby, and DB Brewing even organizes a road ride from their Outpost in Lexington to the Basecamp in Roseland. But you can’t beat the backpacking inside Three Ridges Wilderness. Knock out a 15-mile loop using the A.T. and Mau-Har Trail that hits big vistas, waterfalls, and backcountry campsites.DRINK THIS: DB Brewing is now canning (thank God), so just about anything the brewery makes works as a post-adventure beer. But check out their new Trail Angel Weiss.2. Nantahala Brewing CompanyBryson City, North CarolinaYou want a good location? How about a brewery in downtown Bryson City, about three miles from the border of Great Smoky Mountains National Park? Nantahala Brewing Company’s choice location puts you on the precipice of some of the South’s most renowned adventure. If one of the greatest national parks in the system isn’t enough for you, drive 20 minutes down the road and paddle the class II-III Nantahala, or pedal 20 miles of sinuous singletrack at Tsali Recreation Area. Or hell, paddle Lake Fontana and look for cliff jumping opportunities. And NBC fosters that connection to the outdoors with their Trail Magic Series, a rotating series of big beers brewed in homage to the hikers plugging away along the Appalachian Trail, which follows the mountain crest through GSMNP, not far from NBC’s brewpub.DO THIS: You have about 900 miles of trail to choose from within GSMNP alone, but the Lakeshore Trail, which runs for 45 miles along the edge of the Tuckaseegee River and Fontana Lake, offers water-side camping and enough history to fill a book. This multi-day backpack gives you the opportunity to swim secluded coves and explore ghost towns and former mine sites.DRINK THIS: Noonday IPA is the go-to beer from NBC, thanks to its punch of grapefruit on the nose and dry finish. If you can find one, pick up a big bottle of their latest Trail Magic, or go even bigger with an 8-Foot Drop Double IPA, which packs a high gravity punch, but also a hint of wildflower honey.ND3A8015_FIX3. Mountain State Brewing CompanyThomas, West VirginiaMountain State’s original brewpub, in Thomas, West Virginia, doesn’t look like much from the outside, but the two stepbrothers who founded this brewery in 2005 are true pioneers in the Southern craft beer scene who had the guts to open a brewpub in a town of 568 in a secluded valley far from any interstate in West “by God” Virginia. Hell, they even built this unassuming brewpub with their bare hands, using stones and timber from nearby sites. Legit. And the beer is good. Almost Heaven is an amber that has “gateway beer” qualities similar to the legendary Fat Tire. As for that remote West Virginia valley, it happens to be home to some of the state’s most rugged adventure, from backpacking the Dolly Sods to paddling the class V Upper Blackwater River. And those stepbrothers have turned their simple brewpub into a powerhouse, opening two other locations in the last few years, and are in the midst of a massive expansion that will triple their production. Mountain State is even growing their own hops now, which you can taste in the Homegrown Wet Hop IPA.DO THIS: Timberline Resort’s lift-served downhill mountain bike terrain is some of the best in the South, with tight, hand-cut singletrack that drops through rock gardens, glades and the occasional, but rare, sweeping berm. Check out the top of the mountain for big boulder drops and whimsical bridges too.DRINK THIS: Almost Heaven amber is a winner any time of year, but check out one of Mountain State’s summer seasonal Dolly Suds, a cranberry wheat beer that combines the Belgian wheat’s signature light, effervescent qualities with some vaguely fruity raspberry notes. Oh, and it’s named after nearby Dolly Sods, arguably one of the best backpacking destinations in the South.4. Appalachian Mountain BreweryBoone, North CarolinaSure, Appalachian Mountain Brewery has a great location (more about that in a minute), but AMB is on this list mostly because we like the cut of their jib. The brewery offsets their electricity use with 5,000 watts of solar panels, donates a portion of their profits to a variety of water quality and water access non-profits, installed a bike barn at their taproom to promote more biking, and make a habit of brewing beers that benefit local events and groups, from Blood Sweat and Gears to the Blue Ridge Conservancy. They even have a biodiesel/solar panel food truck that sources everything from local farmers. Community involvement and social responsibility is a key part of Appalachian Mountain Brewery’s business plan. And we dig that. Now, about that location. AMB sits in an unassuming commercial zone in Boone, within striking distance of some of the state’s most iconic adventure. The Linville Gorge, the Roan Highlands, Wilson Creek…it’s all just down the road.DO THIS: You can spend days, or weeks, in the High Country surrounding AMB and never exhaust the adventure to be had. For a quick hit only a few miles from the brewery, head to Rocky Knob Bike Park just east of downtown, which has eight miles of progressive singletrack with all of the wood bridges and boulders you can handle, along with a killer pump track.Oh, and AMB has been integral in raising funds for Rocky Knob, too.DRINK THIS: AMB has a few different flagship beers, but Long Leaf is the standout, and is easily one of the best IPAs brewed in North Carolina. And you can get it in tallboy cans built for stuffing in your backpack.AMB event bar view_FIX5. Flying Mouse Brewery – CLOSEDTroutville, VirginiaBrothers Frank and Chris Moeller had outdoor adventure on their minds when they were building Flying Mouse, from the location (it’s only half a mile from the Appalachian Trail, and sits directly on the TransAmerica 76 Bicycle Route), to the packaging—no glass, everything in cans, and stainless steel growlers to go. The brewery sits on 15 acres between the two tiny towns of Troutville and Daleville, with its own trail circling the property that’s used for cyclocross races. The Moellers wanted to bring adventure into the brewery, and it’s worked as countless cyclists and hikers find their way into The Flying Mouse from spring through fall. The beer they’re brewing on a 20-barrel system is also designed for adventure; each style is built to be sessionable and easy drinking, the perfect way to end a big hike or bike ride.DO THIS: Not all sections of the A.T. are created equal, but luckily, Flying Mouse is close to one of the most iconic destinations along the entire path. We’re talking about McAfee Knob, that protruding plateau of a rock that has earned the title of “most photographed spot on the A.T.” You can start at the brewery and turn it into an overnight backpack by staying at the Pig Farm Campsite near the McAfee Knob spur trail.DRINK THIS:  Just about everything Flying Mouse brews is perfect after a long hike, but we like Flying Mouse 3, which takes the light, crisp characteristics of a Kolsch-style beer and adds a more robust body and a slightly sweet layer. And keep an eye out for a new wheat beer that Flying Mouse plans on canning this summer.6. Backshore Brewing CompanyOcean City, MarylandBackshore Brewing is small, brewing tiny batches (about four kegs at a time), but they manage to knock out a solid rotation of beers (Belgian Dubbel aged on blackberries, anyone?), and they do it in a really sweet spot. Backshore (formerly known as Shorebilly) sits on the boardwalk in Ocean City, Maryland, near some of Ocean City’s most storied beach breaks. And Backshore embodies that surfside lifestyle, from the vintage VW bus out front on the patio to the skateboard decks next to the bar inside. And you gotta love the brewery’s motto: “Brewed in the salty air with our toes in the sand.” Backshore is only open on weekends, so plan accordingly.backshore 3_FIXDO THIS:  You have surfing just across the boardwalk from the brewery, but the real adventure lies to the south, just across the inlet. That’s where you’ll find Assateague Island National Seashore, a 37-mile long barrier island with sandy beaches facing the Atlantic Ocean, and salty marshes and sinuous channels to explore on the bay side. Wild ponies, beach camping, paddling and surfing…Assateague offers a wild island escape only a few miles from quality beer at Backshore.DRINK THIS: You’re at the beach, so don’t get too crazy. Stick with Backshore’s Boardwalk Blonde, an easy-drinking ale that comes in at a sessionable 4.3% ABV. And you pretty much have to order the Magnum P.A. (pale ale) because, you know, Magnum. They offer some of their flagships in cans, too, which makes it easy to stock up for a trip to Assateague. And check out their newest creation, called Hoop Tea, which is an all organic, tea-based malt liquor that comes in at 4% ABV.last_img read more