Ipswich v QPR line-ups: Town unchanged, Austin again ruled out for Rangers

first_imgQPR have named an unchanged side for the trip to Ipswich as Charlie Austin once again misses out through injury.The Rangers striker has not shaken off the hamstring complaint which ruled him out of the draw at Bristol City last weekend.Boss Jimmy Floyd Hasselbaink has stuck with the same side that started at Ashton Gate, meaning another start for Sebastian Polter.Sandro is among the substitutes, replacing Michael Petrasso in the only alteration to the matchday squad.Ipswich are also unchanged following their 1-0 home defeat to Derby last weekend.Luke Hyam has been recalled early from his loan at Rotherham and takes his place on the bench at the expense of Giles Coke.Ipswich: Gerken; Chambers, Smith, Berra, Knudsen; Maitland-Niles, Skuse, Douglas, Sears; Pitman, Murphy.Subs: Bialkowski, Malarczyk, Hyam, Oar, Bru, Fraser, Varney.QPR: Green; Onuoha, Angella, Hall, Konchesky; Henry, Faurlin; Phillips, Fer, Hoilett; Polter.Subs: Smithies, Hill, Sandro, Luongo, Tozser, Chery, Emmanuel-Thomas.Follow West London Sport on TwitterFind us on Facebooklast_img read more

Yield winner constantly looking for improvement

first_imgShare Facebook Twitter Google + LinkedIn Pinterest It was an interesting year for Ohio grain farmers with weather of all kinds through the growing season. A final number on the corn yield monitor of anywhere near 200 would be considered successful for most producers.Byron Gearhart of Ross County tallied a 258.85 bushel per acre entry in the irrigated division of this year’s National Corn Grower’s Association (NCGA) yield contest with the DKC67-57RIB Dekalb variety — good enough to top the state in the category. It’s not the first time Gearhart has been recognized for high yields, having topped the podium for many years prior.“It’s all about detail, detail, and a bit of sheer dumb luck,” Gearhart remarked about his success.Though this time around, he said it was disappointing that number wasn’t higher.“I don’t know how to put it, but Mother Nature still rules the roost. We would like to have seen 300. We had the input costs, we had everything there in place — but we just ended up with short ears,” he said. “And everybody in the area in the same problem and I think it was somewhat statewide — we just had very short ears. So we’re disappointed overall. We’re happy we did well, but we fell short of expectations.”So short, in fact, that Gearhart didn’t plan on submitting an entry for this year’s contest. His secretary decided to enter anyway.To look at his success and potential for bigger numbers down the road, Gearhart has taken a research-like approach to his farming, taking careful note of the many factors that play into a high yield at year’s end. He openly walks us through aspects of his operation that play into the final bushels and his ongoing success.Gearhart’s operation boasts approximately 750 acres worth of irrigation. A must have, he said, for his soil types.“Down here we farm a gravel bar. Literally a foot of soil, maybe two feet, if you’re lucky you’ve got 30 inches. But I don’t have anything over 30 inches on gravel and I’ve got 150 feet of gravel. On my parents’ farm, which isn’t even five miles away, we have systematic tiling and heavy clay. We’re on the very bottom end of the Illinois glacier and so we’ve got a lot of gravel base to work with,” Gearhart said. “We are somewhat unique in that scenario compared to the rest of the state of Ohio. But when you want to come down here to learn irrigation, it’s a different ballgame than learning irrigation in northern Ohio for vegetable crops and sweet corn. It’s a totally different ballgame. There’s some things going on down here that only exist in river bottom or creek bottom ground.Gearhart has had numerous state victories in yield contests.“I remember the first year, we grew 100 bushel corn on this ground. Without irrigation, my normal corn yield is 130 to 135 and it’s 230 plus with irrigation,” Gearhart said. “Two-hundred-thirty to 250 bushels is the natural top for what we’re working with.”Irrigation is not common here in the Buckeye state and those who use it need to manage it carefully to maximize the benefits.“Like tile, it takes money to systematically irrigate a farm, but you have to do something,” he said. “We applied about 10 inches of water this year, which I don’t think was enough.”Another irrigator that has done well in the contest is NCGA national yield winner Randy Dowdy, who recorded over 500-bushel per acre field this past year. Dowdy is a big proponent of tissue sampling. Gearhart follows Dowdy closely and buys into the importance of tissue sampling describing it as far different than that of soil sampling.“We started it last year and we found out real quick that we knew nothing,” Gearhart said. “Because what the soil tests say, and what you would visually and mentally think, we found out the plant was not absorbing the nutrients the way we thought they would be. We had to make some serious adjustments because we didn’t actually believe the results from the first two times we did it.”Gearhart applies 28% through the pivot and supplements micronutrients as needed, including sulfur and boron. From there on, tissue sampling tells the additional needs of the crop. Gearhart said an interesting find of his was that testing resulted in his discovery of magnesium being too high, resulting in a tie-up of calcium in the plant.“We have some issues a typical soil test doesn’t really show you,” he said. “We had some ratios of nutrients that were out of whack and were tying things up. Now we come back to the gravel and Randy (Dowdy) is the only one I know of that has worse numbers than I do. I’ve got CECs in the single digits and organic matter in the half to 1% category. He’s actually got numbers worse than I’ve got. I’ve got a long ways to go if I ever want to compete with him, which is not my goal. But I’d just like to figure out how to improve what we’ve got. We’ve got limiting factors that we just don’t know what they are yet. We’re just getting started, but tissue sampling is a must if you want to try to push the envelope.”Gearhart said with those fixes, the need to get the nutrients to the root finds them using conventional tillage strategies.“That’s one of my little issues with no-till. Around here, if you no-till, you spread your fertilizer on top of the ground. If you know very much about phosphate, it doesn’t move very fast. The roots of my corn are not at ground level — not the first two inches. They’re eight inches to a foot down. So how do I get that fertilizer down quickly? Tillage is about the only way I can do it,” he said. “The other option is to put on liquid nutrients through the pivots. That’s how we can supplement for the bigger yields. We’ve got a nice base and then we add through the pivots so we’ve got maximum utilization that way.”Gearhart also said fungicide is a must with irrigation. The inputs and equipment required to take yields to the next level can be costly.“Being a pioneer is expensive,” Gearhart said. “Buying new technologies that are not proven is expensive. Trying to find the hidden factors that are stopping progressing is expensive. We didn’t put a man on the moon for just a hundred bucks.”Gearhart has found success over multiple years with multiple brands of seed. How much does seed choice play into control of the final yield? Gearhart said that the right genetics have serious advantages, but they need to be combined with proper in-field nutrient management by the producer.“We haven’t broken the long-term trend average in the last 70 years since the hybridization of corn,” he said. “Can we enhance what we’ve not been able to get in the past years?”Learning from this practical research, where does he hope to be ten years from now?“Retired in Tahiti would be nice but that’s not going to happen — I just can’t quit,” he said. “I’d like to see the farm averaging 300 bushel an acre under the pivots. I think we can do it. I don’t know if we can do it in five, but I’ve come really close. This was not a very good year with Mother Nature still ruling the roost and we have to live with it. But I think we can do it cost effectively. I need to figure out where some things are yet and I’ve got a whole group of people behind me trying to do some research, trying to figure out where we are. Some of the questions we’re asking, no one has any answers on so we’re having to figure it out on our own.”When it comes down to it, Gearhart is using all the tools available to figure out what his plants need and how he can best give it to them. Though these tools are useful, there’s one thing he’ll take above therest, he said.“Of all the attributes of man, physical ability, training, experience, I will take dumb luck all the time,” he said.Though Ohio didn’t come in on the national results from this year’s contest, the state contest winners from the Buckeye state included Aaron Stuckey in the non-irrigated division at 254 bushels per acre. Doug Swaim routed the no-till/strip-till non-irrigated division with a 276-bushel entry. Matthew Funderburgh was the top Ohioan in the no-till/strip-till irrigated division at 256 bushels. Gearhart ranked first in the irrigated contest at 258 bushels.last_img read more

Finding marketing opportunities

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Conflicting government information affected the markets late last month. First, the U.S. Treasury Secretary said he was hoping for a weaker dollar. Then 24 hours later, the President said he favored a stronger dollar. Exports are sensitive to exchange rates, so these conflicting statements caused some market volatility.Constantly changing weather forecasts in South America also continue to help move markets in both directions. On Jan. 26, corn traded at its highest level since late summer and after a few wild weeks beans also increased to levels unseen in the last month. With these price increases, several grain buyers throughout the Midwest reported the most farmer selling they’ve seen in months. Beans — 2018 salesWith the strong rally, I hedged some 2018 beans. On 1/22/18 I sold Aug futures at $10.06 and on 1/25/18 I sold more Aug futures at $10.20. Each of these sales represent 25% of my 2018 crop, so that makes me about 50% sold for 2018 with an average price of $10.13. Why August vs. November futures?I selected Aug futures because I think the U.S. carryover will be the highest in 10 years. If that happens, the Aug to Nov spread will likely go from the current inverse, where Aug is higher priced than Nov, to a 15-cent carry, where Aug will be 15 cents less than Nov. That would enable me to then roll my sales from Aug to Nov and collect the additional profit. If that happens I’ll have an average price of about $10.28 instead of my current $10.13. Is there risk involved in doing this?While I think fundamentally there is a lot of rationale for why the scenario above is likely to happen, there is some risk in this trade. For example, two years ago the anticipated South American crop was supposed to be huge. However, ultimately widespread logistical issues caused a lot of South American crop to be lost in the fields, forcing a surge in demand for U.S. beans and prices to skyrocket for old crop. In the end, this type of trade would have lost nearly 40 cents in that situation. If the same happens again this year, my average sale price will be closer to $9.73 instead of the current $10.13.It’s important to remember though, when prices rallied two years ago on old crop, new crop also had a big rally. And since, I still have 50% of my 2018 beans unpriced, I would be thrilled to see a rally, even if it means losing a little on the trade above.Having trades where the worst case scenario is a market rally is not a bad market strategy. It creates balance in my marketing plan and avoids putting “all my eggs into one basket.” Waiting and hoping for a rally that may or may never come usually isn’t the best marketing plan. Beans — 2017 saleIn October I sold a bean straddle and collected 45 cents premium. That trade expired in December and made me long Jan beans at $10.20. With the premium I was theoretically long $9.75 Jan futures, when the market was around $9.50. The meant that I was losing about 25 cents on the trade. Instead of just taking that loss right then and there and because I was thinking a market rally was likely, I moved the long futures to March for 11.5 cents. That basically was like making me long March beans at $9.87. Then on 1/25/18 March futures traded to $9.98, and hit an order I had placed to sell these futures back out making 11 cents profit. This is an example of how having patience and a realistic goal in my grain marketing really paid off. Final 2017 bean sale priceWith the above trade complete it finalizes my marketing plan for the 2017 production. My final cash price for the 2017 crop is broke down as follows:$9.80 in Futures$0.11 Carry$0.03 Spread/Options Premium– $0.70 Basis – Picked up on the farm in Beatrice, NE$9.23 Final Bean Cash Price I’m satisfied, and more importantly profitable, with my final price. But, could have I done better?Carry/Basis — No, since I had to move beans before the end of the year, there was no better option or priceFutures — Many of my sales were made nearly 13 to 14 months ago. If I would have waited longer to set the price, I would have had better opportunities. But, with the information I had at the time, the choices I made looked to be correct.Because my final 2017 futures price was sub $10 and I was able to lock in a price above $10 for 2018 it motivated me to sell 50% of my 2018 beans. Since corn is not at profitable prices right now for 2018, I want to take advantage in beans at profitable levels while I can. It’s hard enough to consider selling corn at unprofitable prices, I can’t have two crops in the red if I expect my farm operation to continue year after year. Knowing that 50% of my 2018 crop is already sold at profitable levels help me sleep better at night. Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at jon@superiorfeed.com.last_img read more

FRA implementation issue irks voters in Odisha’s Mayurbhanj

first_imgPolitical parties have let down voters as they have failed to give any concrete assurance on speedy and proper implementation of the Forest Rights Act that is critical for the survival of forest dwellers, people residing in rural and forest regions of the Mayurbhanj Lok Sabha constituency have said.Key issuesDuring the past decade, the implementation of FRA and rights over forest produce have emerged as the key issues for forest dwellers across Mayurbhanj that goes to the polls on April 29.According to Y. Giri Rao, a leading researcher on forest issues, of the 3,036 villages that come under the Mayurbhanj Lok Sabha seat, 2,633 villages have direct correlation with the implementation of FRA. In fact, 81.15% of the total 14,61,415 voters in Mayurbhanj are concerned about FRA implementation, said Mr. Rao.“Despite six of the seven Assembly constituencies falling under Mayurbhanj being reserved for Scheduled Tribes and the voters being predominately forest dwellers, no political party has made any commitment for proper implementation of FRA,” said Dhaneswar Mohanta, a resident of Jashipur.The average size of forestland recognised under the historic Act in Mayurbhanj is 0.68 acres as against the State’s average of 1.48 acres; in the case of particularly vulnerable tribal groups, the average size of forestland recognised is even smaller at 0.62 acres, said Mr. Mohanta.Till December 2018, a total of 69,023 individual forest right claims have been received from 81% potential villages and 52,318 IFR claims have been approved by district-level committees. Also, 47% of distributed IFR titles were pending for incorporation in relevant government records.Vulnerable tribesMr. Rao said Mayurbhanj is home to three particularly vulnerable tribal groups, namely Hill-Khadia, Mankidia and Lodha, and of them the Mankidias belong to the semi-nomadic community.“Though the district-level committee approved habitat rights for Mankidias in 2016, the title has not been distributed due to opposition from the forest department, especially the Similipal Tiger Reserve authorities,” he alleged.Protest in SimplipalForest dwellers residing inside the Similipal Tiger Reserve have long been protesting against displacement from the protected forest.“Under FRA, lesser area is being recognised compared to the actual occupation of forest dwellers in Mayurbhanj. Moreover, tribals and other non-tribal forest dwellers, who critically depend on forest produce, are being prevented from collecting and selling non-timber forest produce,” said Mohanty Birua, a sarpanch of Astakuanar panchayat inside Similipal.last_img read more

‘It is gonna be a classic’

first_imgGoogle honors food scientist, banana ketchup inventor and war hero Maria Orosa UST can further complicate matters going into the second round of eliminations with a win over FEU. But the Tigresses need to do a lot more than they did in losing to UP (31-33, 25-23, 25-16, 25-12) recently. Photo by Tristan Tamayo/INQUIRER.netThey may have gone through rough patches this season, but defending champion La Salle and fierce rival Ateneo are still expected to light up fireworks anew when the two fabled foes face off Saturday in the UAAP women’s volleyball at SM Mall of Asia Arena.Bea de Leon, the Lady Eagles’ leader, called the match another episode of their “classic” rivalry.ADVERTISEMENT Families in US enclave in north Mexico hold sad Thanksgiving John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Police teams find crossbows, bows in HK university PLAY LIST 01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City “I think it’s gonna be a classic,” said the prolific middle blocker. “But it’s anyone’s game and you can’t tell who’s got the edge.”Ateneo setter Deanna Wong said she was taking the match as a gauge to see if she has what it takes to fill in for Jia Morado, who opted to skip her final year of eligibility.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutout“We still have enough time to prepare and scout,” said Wong. “We just take it as challenge and we all need to work as a team.”Ateneo will enter the game with a four-game winning streak which somehow erased its 0-2 start. The Lady Spikers, meanwhile, are coming off a shock defeat to erstwhile doormat team Adamson early this week. LATEST STORIES Typhoon ‘Tisoy’ threatens Games View comments Read Next Pussycat Dolls set for reunion tour after 10-year hiatus LOOK: Iya Villania meets ‘Jumanji: The Next Level’ cast in Mexico Brace for potentially devastating typhoon approaching PH – NDRRMC MOST READ Typhoon Kammuri accelerates, gains strength en route to PH Sotto is center of attention in Eaglets triumph That loss prompted La Salle’s coach Ramil de Jesus to describe their game as “barangay-level.”Meanwhile, Far Eastern University will take on floundering University of Santo Tomas in the other match.The Lady Tamaraws created their own splash when they dealt the NU Lady Bulldogs their first defeat of the season, 25-22, 25-27, 25-13, 25-20, Wednesday night.The win practically rewrote the championship discussion that in the preseason mainly included the Lady Eagles and the Lady Spikers.But the Tigresses, who lost to the University of the Philippines Lady Maroons, can’t be discounted in the 2 p.m. match, especially with current top scorer Cherry Rondina at the helm.ADVERTISEMENT Don’t miss out on the latest news and information. last_img read more

Job survey: Multiple jobs created in corporate India in the year 2007

first_imgREAL ESTATE30% revenue growth1,19,153 new jobsJob seekers have never had it so good. From software to manufacturing, everyone is adding as many warm bodies as it can, making 2007 a landmark year in terms of job creation. Even though corporate India is faced with short-term pressures of rising input costs,,REAL ESTATE30% revenue growth1,19,153 new jobsJob seekers have never had it so good. From software to manufacturing, everyone is adding as many warm bodies as it can, making 2007 a landmark year in terms of job creation. Even though corporate India is faced with short-term pressures of rising input costs, high interest rates and a potential slowdown in demand, employment forecast for both the manufacturing and services sectors has never been this strong. Job seekers have never had it so good. From software to manufacturing, everyone is adding as many warm bodies as it can, making 2007 a landmark year in terms of job creation. Even though corporate India is faced with short-term pressures of rising input costs, high interest rates and a potential slowdown in demand, employment forecast for both the manufacturing and services sectors has never been this strong.IT & SERVICES35% revenue growthThe survey covered 114 units in thesector which employs 13,61,997 people.In 2007, it is expected to create…1,58,735 new jobsEmployment, as a measure of economic growth, has been on the uptick since 2004, but the activity has gained momentum over the last two years with companies adding capacities and increasing headcounts, thanks to rising domestic consumption. Projected to close the financial year with a growth rate of 9 per cent, India continues to be among the three fastest-growing economies in the world. Consequently, its contribution to global GDP is slated to increase from the present 6.2 per cent to 8.8 per cent by 2020. A lion’s share of this growth comes from the services and the manufacturing sectors, which have grown by over 11 per cent in 2006-07. With India gearing up to be a manufacturing hub for industries like textile, auto, steel and petroleum products, the war for talent is spilling on to the manufacturing sector as well.TEXTILE & GARMENTS20% revenue growthThe survey covered 109 units in thesector which employs 18,04,376 people.In 2007, it is expected to create…1,46,065 new jobsThe macro-environment may have turned tight with interest rates hardening, but there is little likelihood of a downturn in economic activity in the near future as companies are relying more on non-banking sources for their capital expenditure needs. As a result, higher interest rates are not expected to significantly impact investment and employment activity.The analysis by the Asian Development Bank, based on the numbers in the latest National Sample Survey Organisation (NSSO) report on employment, indicates that the employment growth rate has picked up from 1 per cent between 1993-94 and 1999-2000 to 2.8 per cent during 1999-2000 and 2004.TELECOM & LOGISTICS43% revenue growthThe survey covered 77 units in thesector which employs 29,16,629 people.In 2007, it is expected to create…93,936 new jobsManufacturing saw the steepest employment increase at 5.8 per cent, which was followed by services at 3.9 per cent. The higher employment rate in the economy has also benefited those with less than secondary school qualifications. In fact, those who have studied until middle school are the biggest gainers from the growth in employment, capturing 42 per cent of the 70 million jobs that came up between 1999-2000 and 2004. For those who are wondering where to look for that dream job, the wait ends now. Looking for a job won’t be akin to finding a needle in a hay stack. The INDIA TODAY-Ma Foi Employment Trends Survey puts 16 sectors under the scanner to understand how many people will be added in 2007. Market research agency TNS Mode surveyed 1,294 units across all major industry segments, geographical areas, size, class, and ownership types to get a fix on how many new jobs would be created.The results of the survey indicate employment in organised sector is growing rapidly, after years of stagnation. Corporate India is expected to create 8,22,456 new jobs in 2007, across 16 sectors. All the sectors will witness growth in employment, except the banking and finance verticals. This is mainly because private banks are riding high on retail business, while the growth of public sector banks has been significantly lower. The employment fall is most marked in this sector on account of VRS as well as attrition not compensated by increased hiring.advertisementMEDIA & ENTERTAINMENT20% revenue growthThis nascent sector of economy has seenphenomenal growth. In 2007, new channelsand radio stations are expected to create…20,000 new jobsThe star performer of India Inc for job creation is the IT and ITES sector, which will create the maximum jobs, followed by textile and garment manufacturing, real estate and construction, transport and communication. Explains Satish Pradhan, executive vice-president, group HR, Tata Sons, “There is a growth story unfolding in India and this growth has intensified due to industrialisation, driven by domestic and international consumption.” Currently, there are 150 million Indians at an approximate income level of Rs 1.5 lakh per annum and by 2011, over 750 million will be in this income slab, which will drive consumption considerably. This class, also known as the mass affluent Indians, is getting better jobs and fatter pay cheques. IT SERVICES & ITES: The year 2005 witnessed the coming of age of the Indian IT multinationals, with the traditionally Indiacentric, indigenous players beginning to build noticeable presence in other locations-through cross-border acquisitions, onshore contract wins and organic growth in other low-cost locations. In keeping with past trends, the biggest employment generator this year will be the IT-ITES sector. The industry is likely to record $47.8 billion in annual revenues in 2007, an increase of nearly 28 per cent, taking the sector’s contribution to overall GDP to 5.4 per cent from 4.8 per cent last year. Multinational companies have announced investments to the tune of $10 billion in 2006-07, which will be invested over the next few years. By 2010, the IT and ITES industries aim to grow to $60 billion, which will mean an addition of 5,00,000 new jobs over the next three years.AVIATION25% revenue growthIndia has added 135 new aircraft intwo years. In 2007, private airlinesare expected to create…8,000 new jobsAccording to the survey, this sector will add over 1,58,735 people over the next 12 months. However, increases in employment due to off shoring are not being adequately captured in this survey as some of that is through offshore arms of Indian multinationals. Be it Wipro or Cognizant, the fourth biggest IT services provider in India, almost every IT company is adding to its head-count. NASSCOM projections show that the employment base of the software sector will touch 1.6 million in 2007, with big boys of IT services and their business process outsourcing (BPO) arms recruiting generously.Cognizant plans to add a net of 17,200 professionals in calendar 2007, taking its global headcount to at least 56,000, from 38,800 in December 2006. Says Bhaskar Das, vice-president, HR: “Over 85 per cent of the hiring will happen in India, of both freshers and experienced professionals.” IT services companies typically look for engineers or science graduates at the entry level with a compensation of Rs 2.4 lakh per annum, while the lateral placements (that of experienced professionals) could range from project managers to vertical heads. IT services giant Wipro’s growth momentum is likely to be the same as last year. It recruited 15,000 people across its software and BPO businesses and Pratik Kumar, head of its HR, expects to add almost the same number this year.CHEMICALS & PHARMA10% revenue growthThe survey covered 174 units in thesector which employs 7,26,163 people.In 2007, it is expected to create…39,968 new jobsIn an industry where attrition is in the range of 14-20 per cent, recruitment is not easy. In order to find the right kind of people, Cognizant is aggressively following the employee-referral programme. Approximately 51 per cent of Cognizant’s lateral hiring last year came from this programme, which translates into more than 3,000 professionals joining from this route. Cognizant encourages its employees, to “bring in” their friends and peers, with incentives up to Rs 50,000.From malls to night clubs, the BPO firms are all over the place, looking for people. In order to shatter the college canteen atmosphere, companies like WNS have started the concept of familiarisation trips for potential employees so that they know what a BPO job means. Explains Anirudh Limaye, HR manager at WNS: “It is important for people to understand that this is a serious business and not about fun.”Thanks to the shortage of talented manpower, companies like Wipro are even hiring young science graduates and putting them on the job where they acquire software skills by day and attend lectures of BITS Pilani professors by night. At the end of four years, these science graduates not only have a job with Wipro but also have an engineering degree to boot.AUTOMOBILE & AUTO COMPONENTS: While the software growth story has been unfolding for a while, the next big story is automobiles and components. The survey estimates that this sector will see 20,946 new jobs in 2007. With India slated to become a large auto market and an export hub for small cars, the world’s leading automobile companies are setting up manufacturing facilities in India. At the end of 2004-05, the total sales of passenger vehicles-cars, utility vehicles and multi-utility vehicles- crossed the 1 million-mark to touch 1.06 million, with exports of 1,66,000 vehicles. According to estimates, India will take over Germany in sales volumes by 2010 and Japan by 2012. The Indian auto component industry is also estimated to grow exponentially over the next few years as the country emerges as a auto hub, due to its engineering skills.FMCG & DURABLES9% revenue growthThe survey covered 73 units in the sectorwhich employs 18,53,596 people. In2007, it is expected to create…56,801 new jobs advertisementadvertisementThe biggest recruiters in this sector will be the new automobile manufacturing facilities of domestic and global companies. The sector has seen two big joint ventures, new manufacturing facilities by leading auto companies and green-field plants by auto component makers like Bharat Forge. The Mahindra & Mahindra, Nissan and Renault joint venture will invest Rs 4,000 crore in a facility, which will produce cars at a plant near Chennai. The plant will produce models for all the three partners, with capacity to produce 4,00,000 cars and utility vehicles. The M&M-Renault venture will add about 2,000 people and most of the employees will either have engineering talent or line expertise. Bulk of the new employees will be at the entry level, graduate trainees, who will either be groomed for management positions for the flagship or they will be engineers and science students for Tech Mahindra. Says Rajiv Dubey, group human resource head: “The group is in an expansion phase and will be recruiting a large number of people. People for the auto joint venture would have to have production experience and engineering skills.”AUTO & COMPONENTS12% revenue growthThe survey covered 74 units in the sector which employs 4,88,072 people. In 2007, it is expected to create…20,946 new jobsAnother such ambitious joint venture is between the Tatas and Italian car giant Fiat. The alliance, with aggregate investments of over Rs 4,000 crore, will create a facility at Ranjangaon, Maharashtra, with capacities to produce in excess of 1,00,000 cars and 2,00,000 engines and transmissions yearly. Both Fiat and Tata vehicles will be manufactured at the same facility. Says Anurag Jain, managing director of the Rs 1,500-crore auto-component company Endurance Group: “Auto and auto components industry will need high quality talent in all areas ranging from design and development, manufacturing, quality to sales and marketing.” The bulk of recruitment will be in the junior and middle levels. Primarily, people with good technical trade skills as well as bright engineers are going to be in demand in this sector.Companies have tie-ups in place to create their own talent pipeline. Bharat Forge, for instance, has partnered with BITS Pilani and University of Warwick, UK, to help its employees attain degrees in manufacturing management. Not only do professors come down for weekend courses but employees are also given one week in a month off to study. All this is creating the stickiness for employees.MANUFACTURING: India’s brick and mortar sector is shining too. Be it petro products, garments, packaged foods or colas, all companies engaged in their production are on a hiring spree. According to the survey, companies producing beverages, cigarettes and food products will recruit over 56,901 people in this calendar year, while those in the manufacture of wood products, furniture, jewellery, sports goods will add 69,912 people.RETAIL & TRADE30% revenue growthThe survey covered 98 units in the sectorwhich employs 6,39,384 people. In2007, it is expected to create…48,705 new jobsFor the first time in the last 10 years, industrial growth in India has exceeded 10 per cent. Also, for the first time ever, the manufacturing rate of growth has exceeded 12 per cent in six months (April-September 2006). Manufacturing accounts for about 80 per cent of India’s industrial production, while mining and electricity account for approximately 10 per cent each. Consumer durables and non-durables have also shown record upward trends. Consumer goods have recorded a high growth of 12.5 per cent with 12.6 per cent growth in durables and 12.5 per cent growth in non-durables. All these figures are now adding up to new jobs in each of these sectors.Besides consumption-led growth, job creation is expected to get a boost by the numerous special economic zones (SEZs) that are coming up. According to a study conducted by the Associated Chamber of Commerce and Industry (ASSOCHAM) and PricewaterhouseCoopers (PWC), SEZs are the best tools to improve India’s social and industrial infrastructure. Close to 30 SEZs are already operational which provide direct employment to 0.15 million people and indirect employment to many more.Reliance Industries, the biggest player in the petrochemicals and petroleum business and a promoter of two big SEZs, plans to aggressively recruit for its new refinery coming up in Jamnagar by 2008. The new refinery, which is an SEZ, will add about 2,200 people in 2007. Says V.V. Bhatt, HR head: “Over the last few months, Reliance has added over 2,800 people and we will add about 5,000 people this year. We have a bias for engineers, so the new positions too will look at engineering talent or science graduates who we can train.” The group, which is also facing the heat of attrition, offers a massive project completion bonus to employees engaged in new projects, which is double their annual salaries. This apart, Reliance is also setting up an engineering college in Gujarat, which will be a deemed university and will supply manpower.REAL ESTATE & CONSTRUCTION: A sunrise sector, it has billions of dollars in investments. Research estimates say that Indian real estate market is expected to grow from the current $14 billion to $102 billion in the next 10 years. According to ICICI Bank, the main growth thrust is due to favourable demographics, increasing purchasing power, existence of customer-friendly banks and housing finance companies, professionalism in real estate and favourable reforms initiated by the Government to attract global investors.  “For auto JV, people must have engineering skills.”Rajiv Dubey Group HR Head, M&M “Growth has intensified due to consumption.”Satish Pradhan Executive V-P, Group HR, Tata Sons Indian real estate has huge potential in almost every sector, be it commercial, residential, retail, industrial, hospitality or healthcare. Commercial office space requirement is led by the burgeoning outsourcing and IT industry. Estimated demand from IT/ITES sector alone is expected to be 150 million sq ft of space across major cities by 2010. In residential sector, there is a housing shortage of 19.4 million units out of which 6.7 million are in urban India. The increase in purchasing power and exposure to organised retail have redefined the consumption pattern and as a result the country has experienced mushrooming of retail projects. All this means more jobs. The industry would require individuals with finance, marketing and communications. The sector will see employment creation to the tune of 1,19,153, a huge number after IT and ITES sector. And for those interested in a career in real estate, the Promoters and Builders’ Association of Poona is setting up an academy that will train and assist individuals as well as existing developers, who wish to professionalise their operations.RETAIL: It is the next big thing in India, with the Birlas, the Ambanis and the Mittals getting into it. The good news is that it will also be people-intensive. Till recently, the sector was a chaotic mix of mom-pop shops and branded outlets. In 2000, global management consultancy AT Kearney estimated that it would grow to Rs 8,00,000 crore by 2005-an annual increase of 20 per cent. As of now, only Rs 20,000 crore of the market is organised which means there is huge potential. According to another study conducted by CRISIL Research and Information Services, the organised retail industry in India is expected to grow 25-30 per cent annually and will triple in size from Rs 35,000 crore in 2004-05 to Rs 1,09,000 crore by 2010. “We will double employee strength by 2008.”Sanjay Jog HR Head, Future GroupWith players like the Future Group doubling their stores from 150 to 350 in tier II and tier III cities by 2008, the need for manpower will only increase. “We will double employee strength from 17,000 to 34,000 by 2008,” says Sanjay Jog, HR head at the group. This is one industry that recruits maximum at the shop floor level. For its management needs, retail industry is recruiting from business schools like Welingkars, which are offering retail specific courses. All eyes are now set on the Reliance Group, which currently has 80 stores operational across Hyderabad, NCR, Jaipur, Ranchi, Chennai and now Bangalore. The company aims to recruit over five lakh employees by 2010.Aditya Birla Group and Bharti are finalising plans for their roll-out. This should drive recruitment higher by 2007-end. The need for talent is not only at the managerial level but also at the store level. With most retailers looking at managing exhaustive cold chains to feed their stores, people with agricultural degrees and plantation experience will be sought-after. For instance, the Future Group has tied up with universities and colleges that offer specialisation in agricultural business in Maharashtra, Rajasthan, Uttarakhand and Punjab. All this opens up huge potential in the logistics sector which will manage the supply chain for retail outlets.It is not just IT and brick and mortar companies which are on the hunt. Emerging sectors too are big employers. With new airports and airlines, the booming aviation industry will absorb thousands of trained professionals as the country’s fleet strength increases to 500-550 by 2010. Add the hospitality sector which is riding piggy back on aviation. With occupancy levels touching 75 per cent as foreign tourist arrivals record the 4.5 millionmark, the sector too is on an expansion spree. With new budget and luxury spas on the planning boards, recruitment will only spiral. Keeping in line with India’s demographics, sectors like entertainment and media are expected to boom to cater to the 500 million youngsters. India is already the third largest television market in the world and will only grow. By the end of 2007, 600 radio stations will be on air across 100-odd cities, requiring at least 20,000 professionals only for these stations.It is a good time to be young and in the job market. Boom Town rapClick here to EnlargeSurvey MethodologyThe SurveyTNS Mode conducted a survey of 1,294 units across all major industry segments, geographical areas, size class, and ownership types. It involved both visits and telephonic conversations with senior HR managers and in some cases CEOs of the firms.Data SourcesData from various sources have been used for this study. Historical data on the manufacturing sector have been culled from various rounds of the Annual Survey of Industries and publications of the Central Statistical Organisation. In some cases, industry association data have also been used. This has been supplemented and crosschecked with data from sources such as the Statistical Outline of India, data from various surveys of the National Sample Survey Organisation and Labour Statistics of India.The above sources have the advantage of almost universal coverage of the organised sector within their specific domains. However, they suffer from two significant gaps. First, most of these secondary sources are not up-to-date. To make data more up-to-date, figures on output growth from IIP as well as sectoral GDP were used to supplement that data. Second, areas such as health, education, and other such services are not covered by any data source with universal coverage. Therefore, some sectors have had to be left out from the analysis frame. Efforts are currently on to find solutions to these data gaps such that future METS have universal coverage of the organised sector in India. Once estimates of employment as of December 2006 are obtained, estimates drawn from a primary survey conducted on organised sector establishments during December 2006 and early January 2007 on their expectations related to employment increases are used.last_img read more



GIF: Auburn Star Wide Receiver D’haquille Williams Leaves Game After Taking Big Hit

first_imgAn Auburn pylon during a game against Texas A&M.AUBURN, AL – SEPTEMBER 17: Auburn Tigers play the Texas A&M Aggies during an NCAA college football game on September 17, 2016 in Auburn, Alabama. (Photo by Butch Dill/Getty Images)D’haquille Williams, one of the SEC’s top receivers, has left Auburn’s game against Jacksonville State after taking a nasty shot from the Gamecocks defense. Quarterback Jeremy Johnson tried to hit Williams over the middle, but he was unable to hang on, and got drilled by linebacker Dawson Wells. Williams went down after the play, but was able to slowly walk off the field.Not sure how Gus Malzahn would convince anyone this was targeting on Duke Williams. pic.twitter.com/MBVuroWsy8— Dr. Saturday (@YahooDrSaturday) September 12, 2015Gus Malzahn is furious no targeting call and points to new huge Auburn scoreboard with replay. pic.twitter.com/bdI4KTDzpb— Jon Solomon (@JonSolomonCBS) September 12, 2015It doesn’t look like targeting, but we can understand Malzahn being in up only three against an FCS team and losing arguably his best playmaker down the stretch. We’ll keep you updated on Williams’ status.last_img read more

Economists Buyers face tougher housing market in 2019

first_imgAmericans’ path to homeownership is likely to get more expensive this year, even as a severe shortage of homes for sale shows signs of easing.Mortgage rates, which climbed through much of last year, will continue to rise in 2019, driving up homebuyers’ borrowing costs and shutting others out of the market entirely. The projected result: a cooling housing market and falling home sales nationally.“On the whole, it’s going to be more expensive for buyers next year, despite the fact that they’ll have more options,” said Danielle Hale, chief economist at Realtor.com.The U.S housing market stalled in 2018 after a long period during which price increases outpaced income growth. That had been offset by historically low mortgage rates, until rates began rising steadily a year ago.While still low by historical standards, the average rate on a 30-year home loan was 4.55 per cent last week, according to mortgage buyer Freddie Mac. That’s up from 3.99 per cent a year earlier.Realtor.com and Redfin forecast the rate on a 30-year, fixed-rate mortgage will rise to 5.5 per cent by the end of 2019. Zillow expects rates will reach 5.8 per cent. That would be rates’ highest level since the last recession.A mere extra half percentage point can boost monthly payments and add tens of thousands of dollars in interest over the life of the typical 30-year loan.“Rising mortgage rates will take a bite out of affordability on top of an already supply- constrained and high-priced housing market,” Trulia senior economist Cheryl Young wrote in her forecast.As mortgage rates increase, so does the pressure on would-be buyers to lock in a rate and close a deal.Nate Vogel, a homebuyer in the Denver suburb of Lafayette, has felt some of that pressure after about a year looking for a home without success.Because of the limited number of homes for sale, especially under $500,000, the software engineering manager recently decided to look at homes at the top of his budget, $650,000. But that could be a problem if mortgage rates continue climbing.“If that interest rate goes up another per cent, that would make things much more uncomfortable,” said Vogel, 37. “At this point, no matter what house I buy, I’m sure the interest rate will probably be higher and the payment will be more.”Higher mortgage rates have already started dampening home sales. As of November, sales of previously occupied U.S. homes were down 7 per cent from a year earlier, the steepest decline since May 2011, when the housing market had yet to bounce back from the bust.Realtor.com predicts U.S. home sales will fall another 2 per cent in 2019.It’s not all bad news for would-be buyers, though. Economists project home prices will rise more slowly in 2019. Zillow’s forecast calls for prices to increase nationally by about 3.8 per cent. Realtor.com has them rising at just 2.2 per cent.Another plus for buyers: The number of homes on the market is expected to continue rising, albeit from historic low levels. The inventory of U.S. homes for sale was up 4.2 per cent as of November to 1.74 million units.Alex Veiga, The Associated Presslast_img read more