#UK Syrian refugees become issue in Illinois Senate race

//

WASHINGTON (AP) — A Republican senator in a tough re-election race is attacking his top Democratic rival for supporting more Syrian refugees in the U.S., marking the issue’s first appearance in Senate campaign advertising.

In the ad released Tuesday, GOP Sen. Mark Kirk of Illinois harshly criticizes Democratic Rep. Tammy Duckworth for voicing support for allowing as many as 200,000 Syrian refugees into the U.S. in the wake of the Paris terror attacks.

“ISIS disguised as Syrian refugees attack Paris. Next target? The U.S.,” the ad says.

“Mark Kirk opposes more Syrian refugees until it can be done safely. For your family’s safety: Who do you trust?”

The Kirk campaign said about $180,000 is being spent to air the ad on TV, a relatively tiny sum. But his focus on the issue highlights the Republican view that it can be a vulnerability for Democrats, especially those like Duckworth who opposed recent GOP legislation cracking down on the refugee program.

The ad’s claims are exaggerated. The Paris perpetrators were mostly French and Belgian nationals, although there was a Syrian passport found near one of their bodies. Authorities have suggested the attack was an Islamic State plot to sow fear of refugees.

Duckworth, a military veteran, has been outspoken about the need to show compassion to refugees, many of whom are women and young children themselves victimized by the Islamic State.

Join the conversation about this story »

from Business Insider http://ift.tt/1Tqyl5M

Posted in #UK

#UK Eurozone unemployment rate falls to near 4-year low

//

BRUSSELS (AP) — Further evidence has emerged that the recovery across the 19-country eurozone economy is helping to reduce unemployment, which according to official figures has fallen to a near four-year low.

Figures released Tuesday by the European Union’s statistics agency show the unemployment rate across the region fell in October to 10.7 percent from 10.8 percent the previous month, after a 13,000 decline in the number out of work to 17.24 million.

The unemployment rate, which has fallen by 0.8 percentage point over the year, is now at its lowest level since January 2012.

The decline is not expected to prevent the European Central Bank from injecting another dose of stimulus into the eurozone economy following its regular policy meeting on Thursday.

The overall rate also masks big disparities across the region.

Join the conversation about this story »

from Business Insider http://ift.tt/1TqykyJ

Posted in #UK

#UK Nokia’s ‘first product since the phone days’ is a $60,000 virtual reality camera

//

Nokia Ozo

Nokia is making a $60,000 (£40,000) camera that can be used to film virtual reality shots, The Verge reports.

The camera, named Ozo, will launch in early 2016 and features multiple cameras across its spherical design that can simultaneously record. Combined with a virtual reality headset — like Oculus Rift or Google’s Cardboard — Ozo can create an immersive experience with a 360° view.

“This is the first product from Nokia Technologies since the phone days, and they just really wanted to outdo themselves,” Ramzi Haidamus, president of Nokia Technologies, told The Verge.

Haidamus argued that the high-end video market — which is dominated by companies such as Phantom — is being “disrupted.” When he joined Nokia, he was “tasked with coming up with a new strategy for Nokia Technologies,” according to The Verge.

Nokia Ozo

Nokia sees potential clients everywhere, from NASA to National Geographic to schools and universities. “We’re going to make Ozo available for rent at rental houses, to make it accessible, and of course we need to start thinking about how can we make it more accessible to prosumers,” said Haidamus.

Nokia, which sold its smartphone business to Microsoft in 2014, has also just completed its $16.6 billion (£10 billion) purchase of Alcatel, a fellow phone maker. Renders of the Nokia C1, a rumoured smartphone, leaked last week

Join the conversation about this story »

NOW WATCH: Easy ways to make your Mac run faster

from Business Insider http://ift.tt/1LKKHzi

Posted in #UK

#UK Rudder problem, pilot actions led to Indonesia AirAsia crash

//

FILE - In this Sunday, Jan.11, 2015 file photo, crew members of Crest Onyx recovery ship prepare to unload the newly-recovered tail section of crashed AirAsia Flight 8501 at Kumai port in Pangkalan Bun, Central Borneo, Indonesia.  Indonesian investigators say a faulty rudder control system and the pilots' response led to the crash of the plane last year that killed all 162 people on board. The National Transportation Safety Committee announced Tuesday, Dec. 1, 2015, that an analysis of Flight 8501's data recorder showed that the Airbus A320 had problems with its rudder control system while flying between the Indonesian city of Surabaya and Singapore on Dec. 28. (AP Photo/Achmad Ibrahim, File)

JAKARTA, Indonesia (AP) — A rudder control system problem that had occurred 23 times in the previous 12 months coupled with the pilots’ response led to last year’s crash of an AirAsia plane that killed all 162 people on board, Indonesian investigators said Tuesday.

The National Transportation Safety Committee said an analysis of Flight 8501’s data recorder showed the rudder control system had sent repeated warnings to the pilots during the Dec. 28 flight between the Indonesian city of Surabaya and Singapore.

Aircraft maintenance records for the Airbus A320 showed that problems with the rudder system had been reported 23 times during the year prior to the crash, with more frequent occurrences in the three months immediately before the accident. Investigators said the problem was caused by a cracked soldering joint on an electronic circuit board.

After the fourth warning during the flight, the pilots attempted to reset the control system while flying the plane manually, which caused it to enter a prolonged stall from which they were unable to recover, and the plane plowed into the Java Sea, the investigators said.

Investigator Nurcahyo Utomo said the plane’s voice recorder indicated possible confusion between the pilot and co-pilot. He said at one point the pilot said “pull down,” but in fact the plane was ascending.

“It seemed that there was a miscommunication between the pilot and co-pilot after the fourth fault,” he said.

Bad weather conditions did not play a role, as initially believed, the investigators said.

The last contact between the pilots and air traffic control indicated they were entering stormy weather. They asked to climb from 32,000 feet (9,753 meters) to 38,000 feet (11,582 meters) to avoid threatening clouds, but were denied permission because of heavy air traffic. Four minutes later, the plane dropped off the radar. No distress signal was issued.

“There is much to be learned here for AirAsia, the manufacturer and the aviation industry,” AirAsia chief executive Tony Fernandes tweeted. “We will not leave any stone unturned to make sure the industry learns from this tragic incident.”

Join the conversation about this story »

from Business Insider http://ift.tt/1IlBcf4

Posted in #UK

#UK Obama urges lower tensions between Russia, Turkey

//

US President Barack Obama  leaves the 'Mission Innovation: Accelerating the Clean Energy Revolution' meeting at the COP2, United Nations Climate Change Conference, in Le Bourget, north of Paris, Monday, Nov. 30 2015. (Ian Langsdon, Pool photo via AP)

PARIS (AP) — President Barack Obama is calling for a reduction in tensions between Turkey and Russia following Turkey’s shoot-down of a Russian warplane.

Obama is meeting with Turkish President Recep Tayyip Erdogan (REH’-jehp TY’-ihp UR’-doh-wahn) in Paris on the sidelines of global climate talks.

Obama says Turkey is a NATO ally and has a right to defend itself. He says the U.S. is very interested in accelerating its military relationship with Turkey.

Obama is describing the Islamic State group as the common enemy of Russia, Turkey and the U.S. Obama has been working to persuade Russia to focus its airstrikes in Syria against IS, instead of U.S.-backed rebels fighting Syrian President Bashar Assad.

Erdogan says Turkey, too, wants to avoid tensions with Russia. He says Turkey is “determined to keep up the fight” against IS.

Erdogan is also emphasizing the need for a political transition in Syria. He’s pointing to a new diplomatic effort and says he’s hoping for a “sigh of relief.”

Erdogan is suggesting that Russia has been targeting opposition groups including the Turkmen inside Syria. He says areas where there are no Islamic State fighters are being “continuously” bombed.

Obama is also addressing the refugee crisis stemming from Syria’s civil war. Obama is praising Turkey for generously accepting Syrian refugees. He says border security has been strengthened.

Join the conversation about this story »

from Business Insider http://ift.tt/1LKKHzd

Posted in #UK

#UK Monsanto pledges to be carbon neutral by 2021

//

FILE - In this Sept. 28, 2015 file photo, Hugh Grant, CEO of Monsanto, speaks in New York.  Grant told The Associated Press, ahead of the companies announcement Tuesday, Dec. 1, 2015, that Monsanto Co. plans to make its operations carbon neutral by 2021, in part by working with farmers who use its products to help them reduce carbon emissions.  (AP Photo/Mark Lennihan, File)

ST. LOUIS (AP) — Monsanto Co. plans to make its operations carbon neutral by 2021, in part by working with farmers who use its products to help them reduce carbon emissions, the company’s CEO told The Associated Press.

To be carbon neutral, Monsanto must reduce its net emission of climate-changing carbon to zero. Climate change is one of the most vital issues facing humanity, Monsanto’s Hugh Grant said in an interview ahead of the company’s announcement Tuesday, and an “untold story” is the agricultural industry’s effort to address the issue.

Farmers “have an opportunity and a part to play in mitigation around climate change,” Grant said. “Rather than being the problem, I think there’s a growing realization they can be a big part of the solution.”

Monsanto’s announcement comes as world leaders gather in Paris for two weeks of negotiations to finalize a sweeping global agreement to reduce carbon emissions.

Grant said part of St. Louis-based Monsanto’s effort is basic “good housekeeping,” such as stricter emissions control, conserving energy at offices, using more fuel-efficient vehicles. The company also pledges within its seed production operations to reduce its carbon footprint through breeding, plant biotechnology, conservation tillage and use of cover crops.

A key component of the plan calls for working with the thousands of farmers who use Monsanto seeds and pesticides. The company is developing an incentives program to encourage environmentally friendly production methods — cover crops and conservation tillage chief among them — that allow the soil to absorb and hold as much or more greenhouse gases than are emitted in corn and soybean farming.

In addition, Monsanto plans to share its own best practices data, as well as practices developed from other experts.

David Lobell, deputy director of the Center on Food Security and the Environment at Stanford University, said it is important for any major company to strive for carbon neutrality.

“Even if it doesn’t make much of a dent by itself, it certainly is a positive step,” Lobell said.

Ray Gaesser, who farms 6,000 acres of corn and soybeans near Corning, Iowa, and is chairman of the board for the American Soybean Association, said farmers are anxious to help reduce carbon emission. His own farm has been no-till for 25 years, and he has increased the use of cover crops over the past half-decade.

“In agriculture, we need to do what we can, what we practically can, to protect the environment,” Gaesser said. “I think we all want to do that. It’s just a matter or learning and experiencing how to make it all work.”

Several major companies with ties to agriculture have announced efforts to reduce carbon emissions. Estimates suggest the agricultural industry contributes around 10 percent of U.S. emissions.

In August, General Mills announced a goal of reducing its greenhouse gas emission 28 percent by 2025, a plan that includes partnering with suppliers to foster more sustainable agricultural practices. In 2013, Coca-Cola announced it would buy all of its agricultural ingredients from sustainable sources by 2020.

Join the conversation about this story »

from Business Insider http://ift.tt/1LKKHiU

Posted in #UK

#UK Britain just got a new digital bank and it’s raising tens of millions of pounds

//

Boxing - Wladimir Klitschko v Tyson Fury WBA, IBF & WBO Heavyweight Title's - Esprit Arena, Dusseldorf, Germany - 28/11/15 Tyson Fury in action with Wladimir Klitschko

A new British challenger bank set up by a host of financial heavyweights, including the co-founder of Capital One, got its banking licence on Tuesday and is set to launch next year.

Tandem Bank is the second digital-only bank to be licensed by the Bank of England this year after Atom Bank, which became the first mobile-only bank to get a licence from the Bank of England in June.

Both will be regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Tandem’s co-founder Ricky Knox told Business Insider: “We’ve been amazed by the process, we’ve really found them incredibly accommodating. We’ve had a very smooth ride from the beginning.”

Knox has a long history in fintech (financial technology), helping to found international currency businesses SmallWorldFS and Azimo. Tandem will be a so-called neobank — a new, online-only, mobile-focused bank with no branches (although it will have call centres).

There’s a boom in neobanks springing up across Europe, with Atom Bank, Mondo, and Starling in the UK, and Lunar Way in Denmark.

Knox has founded Tandem with Matt Cooper the co-founder of Capital One, the 10th biggest bank in the US. Cooper chairs the company.

Knox says: “We looked around all the sectors that were being disrupted and saw the next frontier being retail banking, the core business. We feel it’s going to be massively disrupted over the next 10 years.”

He adds: “The reason there’s an opportunity for a new digital bank is because there’s a new generation of people growing up who have very different relationships with their institutions. They want mobile banking.

“We think now is the time [to launch a digital challenger bank] and that’s driven by a generational, as well as a behavioural, shift. We’re looking to address the vast majority of the UK working population.”

Ricky Knox Tandem BankAlongside Cooper, Tandem’s management and board features a host of other financial veterans who between them have served at GE Capital, Lloyds, Barclays, Williams & Glyn, and Santander.

“I always try and get the best talent from the industry to come and support me because I think it is absolutely massive,” Knox says. “If you want to really disrupt and really do something new, you have to really understand what came before.”

Knox and Cooper have been working behind the scenes on getting Tandem its banking licence since July last year and Knox says the company has raised a “quite a lot of capital” although wouldn’t say how much.

He did say that the company is currently in the process of raising a big round of funding “similar to Atom’s” — referring to Atom Bank, another pre-launch digital challenger bank that last week raised £45 million from Spanish bank BBVA.

Knox says Tandem differs from Atom in that it is more customer focused, rather than technology focused. He says: “We know their crew [Atom] pretty well. I think the really big difference between us and Atom is I think Atom are very focused on the mobile experience as the driver for everything they do.

“We’re very focused on customer outcomes and getting a much better deal for our customers. We come from different places.”

He adds: “It’s good that we have lots of guys entering the market. If I was a one man band trying to convince the UK to drop their bank, I think that would be a fiasco. Frankly, the more the merrier.”

London-based Tandem will launch to the public in the second half of next year with products including current accounts, credit cards, savings, and loans.

Knox says the plan is to use innovative products to drive customer adoption, saying: “We’re not assuming people are going to walk in and open a current account on day one, we’re assuming we need to build trust with the customer over time and solve pain points over time.”

He gives loans for a housing deposit as an example of the type of “pain point” Tandem will look to solve, saying: “Right now it’s pretty tricky to get a loan for a deposit, in fact banks actively avoid deposit loans.

“We see that as a really interesting pressing need that banks aren’t addressing right now because they say oh that’s not in my risk profile. It’s something we’ll definitely look to address.”

Join the conversation about this story »

NOW WATCH: JAMES ALTUCHER: The American Dream is a lie

from Business Insider http://ift.tt/1IlBbYx

Posted in #UK

#UK Appalachia grasps for hope as coal loses its grip

//

Superintendent Jackie Ratliff, a coal miner of 25 years, walks towards a pile of coal waiting to be shipped at a processing plant Tuesday, Oct. 6, 2015, in Welch, W.Va. Central Appalachia’s struggle is familiar to many rural regions across the U.S., where middle-class jobs are disappearing or gone and young people have no other choice than to leave to find opportunity. But the problems are amplified in coal country, where these difficult economic and social conditions have gripped the region for decades and where there is hardly any flat land to build anything. (AP Photo/David Goldman)

WELCH, W.Va. (AP) — The seams of coal in some of Eddie Asbury’s mines in McDowell County are so thin workers can barely squeeze down them. They enter on carts nearly flat on their backs, the roof of the mine coursing by just a few inches in front of their faces. They don’t stand up all day.

To keep his business operating with such a paltry amount of coal, Asbury has to do everything himself. He has no use for the shiny, multimillion-dollar mining machines on display this fall at the biannual coal show nearby. His equipment is secondhand stuff that he repairs and refurbishes. The coal he and his workers scrape out of the mountain is washed and prepared for sale in a plant Asbury and a colleague built themselves.

“It’s how we survive,” says Asbury, 66, a miner since 1971.

Even coal is barely surviving in coal country — and coal is about the only thing that Central Appalachia has.

West Virginia is the only state in the country where more than half of adults are not working, according to the Census Bureau. It is tied with Kentucky for the highest percentage of residents collecting disability payments from Social Security, according to the Kaiser Family Foundation. And the death rate among working-age adults is highest in the nation, 55 percent higher the national average, according to the Centers for Disease Control and Prevention.

And now the one main source for decent-paying work, the brutal life of coal, seems to be drying up for good. The thick, easy, cheap coal is gone, global competition is fierce, and clean air and water regulations are increasing costs and cutting into demand.

Central Appalachia’s struggle is familiar to many rural regions across the U.S., where middle-class jobs are disappearing or gone and young people have no other choice than to leave to find opportunity. But the problems are amplified in coal country, where these difficult economic and social conditions have gripped the region for decades and where there is hardly any flat land to build anything.

Every year since 1979, West Virginia has led the country in the percentage of people who are either not working or looking for work. But businesses are reluctant to come set up shop in Central Appalachia and take advantage of the available labor in part because education levels are so low. Forty-two percent of prime-age West Virginians have no more than a high-school degree, nearly double the national average.

“We have a mismatch between the job skills that employers want and the job skills West Virginians have,” says John Deskins, director of the Bureau for Business and Economic Research at West Virginia University. “It’s a little bit grim. You can cut the data in multiple ways, and West Virginia still lags the nation.”

But this crisis — and the realization that there won’t be another coal boom in these parts — is leading to a growing understanding that new approaches are needed to help Central Appalachia emerge from decades of deep poverty, under-education and poor health.

Big federal and state programs and initiatives, some dating from the Lyndon Johnson administration, have failed to help the region diversify its economy much beyond digging or blasting coal out of mountains. If anything is going to help the people of Appalachia, poverty experts and residents of West Virginia now say, it’s themselves: local entrepreneurs who know their communities and customers well, and are committed to them.

“We need to have some urgency and look at other possibilities because coal may not be here,” says Dr. Donovan “Dino” Beckett, CEO of the Williamson Health and Wellness Center, who also is supporting a range of programs to help boost health and entrepreneurship. “But that’s a controversial subject here because coal is a way of life.”

Success, if it can come to coal country, will be the result of thousands of big risks taken by small-scale business people. It will be halting and arduous and it will come with failure. Many will have no choice but to leave, as tens of thousands already have in recent decades. And West Virginia may continue to lag the nation in social and economic demographics in the years to come.

Central Appalachia is not out of ideas, though, and it has not given up. Grass-roots approaches like Dino Beckett’s programs to improve health in Mingo County, an apprentice program in Wayne County designed to give high school kids a better chance at a good job, and even Eddie Asbury’s small-but-determined coal operation in McDowell County show how Central Appalachia may slowly begin to remake itself.

DARK TIMES FOR COAL

For more than a century, the coal seams that run through Appalachia have made the steel used to build U.S. cities and the electric power to light them. As technology has improved, though, it has taken fewer and fewer workers to mine that coal.

Coal employment and population in Appalachia were at their highest in the middle of the last century. West Virginia coal employment peaked at 130,000 miners in 1940 and is now under 20,000.

The same trend played across the nation. There are fewer than 80,000 coal miners in the U.S. — less than half the number of new jobs the U.S. economy adds every month. That’s one-tenth the number of coal workers in the 1920s, and those fewer workers now produce nearly twice as much coal.

Most of those job losses happened long before coal’s latest downturn. Mechanization began slashing the number of workers needed to mine coal in the 1960s, and then a collapse in the U.S. steel industry in 1980s further decimated miners’ ranks.

Now employment is falling further because the world is trying to turn away from coal in hopes of protecting the environment and human health. Coal is by far the biggest source of carbon dioxide and airborne pollutants among fuels used to make electricity.

Coal will not go completely away anytime soon — it’s the cheapest way to bring electricity to the 1.3 billion people who lack access to it, and even developed nations will still need to burn it as they transition to cleaner fuels. The carbon in coal will still be needed to mix with iron to make steel. But there is so much more coal than the world needs that only the cheapest global producers will survive.

In the U.S., where natural gas has become a cheaper alternative to coal to generate electricity, miners are facing an especially difficult market: Four major U.S. coal companies have filed for bankruptcy protection in the last 18 months.

Mining a thin seam of coal takes nearly as much labor, time and cost as mining a thick seam, but it yields a lot less coal. That makes the thin seams left in Central Appalachia too expensive to compete with cheaper coal being mined in places like Illinois, Wyoming, Australia and Indonesia. The industry will persist here, driven by small, determined operators like Asbury, but as a niche no longer able to support a region’s economy.

“There’s a reluctant realization that this is different,” says Keith Burdette, West Virginia’s commerce secretary and head of the state’s economic development office, of the latest coal bust.

COAL COUNTRY

About the only flat land to build anything among the jumble of mountains in Southern West Virginia is in the hollows traced by small rivers, and that land sits in dangerous flood plains.

This unavoidable geography has hampered efforts to diversify the economy, despite decades of effort. There’s one stoplight in all of McDowell County, and there isn’t a four-lane highway to be found.

John F. Kennedy stopped in Welch, McDowell’s county seat, as a presidential candidate in May 1960 and railed against the “poverty and hunger, the destroyed health” of children there. The first food stamps were given out in McDowell County, and Congress launched the Appalachian Regional Commission in 1965 to help increase job opportunities and make the region economically competitive.

Poverty experts say these efforts helped relieve the most acute conditions, but did little else. As coal employment declined, people fled because there was little else for them to do. McDowell County had a population of just under 100,000 in 1950. Since then, the county’s population has fallen by four-fifths, to around 20,000.

“All we’ve got is coal,” says Randy Campbell, one of Asbury’s mine superintendents.

Even when land is found and developed, it can be hard to attract businesses. Tazewell County, across the border from McDowell in Virginia’s coal country, built a 680-acre business and technology park and dangled incentives to try to entice companies to move in. It sits empty, five years after the county started marketing it.

To many, it is a massive failure of government at federal and local levels that a trend of declining employment, under-education and poor health has been allowed to continue for half a century without a comprehensive overhaul of development policy. For example, many states that rely on natural resource production have permanent funds created with taxes or royalties from resource production that can be tapped during downturns. West Virginia set one up only last year, and because of restrictions on when and how it can be funded, it is empty.

“Our policy makers haven’t grappled with the realities, and it’s to the detriment of coal communities,” says Ted Boettner, executive director of the West Virginia Center on Budget and Policy. “When the new economy started taking off, it left West Virginia behind.”

That may be starting to change. Burdette, the state’s commerce secretary, says the state is considering approaches as radical as starting a homesteading program to attract people to the enormous number of abandoned buildings and empty lots.

“This is going to force us to do some things that maybe we wouldn’t do otherwise but we probably should,” he says. “It’s going to take some real creative thinking.”

JOBS AND LIFE SKILLS IN THE COALFIELDS

After Josh Napier graduated from high school in Wayne County, West Virginia, in 2011 with a major in building construction, all he could find were jobs at fast food restaurants. After stints at Taco Bell and Long John Silver’s, he was working at Wendy’s in the spring of 2012, his first child on the way, when he heard about Brandon Dennison.

“Every construction job I applied for required two years of experience,” Napier says. “Brandon was the first person to give me the chance to actually work on a job.”

Dennison wants to reduce poverty in his home state, so he devised a business plan in graduate school that uses some of the state’s disadvantages, like its abandoned buildings, to create jobs.

His creation, Coalfield Development Corp., hires graduates of high school vocational programs to restore, repurpose or tear down old buildings, use old building materials to make furniture, or build new homes on reclaimed coalfield land.

Employees also are also required to take six hours of community college courses a week and three hours of life skills classes that help them with things like money management and healthy eating.

“If you don’t have a job lined up, that 18-to-19 age becomes a cliff, and we see a lot of bad decisions,” Dennison says.

Napier got hands-on construction experience working on several types of projects, including installation of solar panels, a skill he’d like to pursue in the future. He also took classes in parenting and anger management that he says have made him a better father.

The program is getting such a good response that Dennison plans to expand early next year to start similar businesses focused on agriculture, tourism and retail.

“We’re trying to change mindsets in coal country, from ‘the world is out to get me’ to ‘the world is full of opportunity,'” he says. “A huge focus of the training we do is around entrepreneurship and how to start a business.”

Ron Haskins, a former White House and congressional adviser on welfare and poverty now at the Brookings Institution, says apprenticeship programs — especially ones that help workers pursue a degree — are desperately needed in rural regions nationwide.

They are among the best ways to foster an economy, based on businesses created by local residents who know the area and are committed to stay.

HEALTH, WELLNESS AND NEW BUSINESS

A sign entering Williamson, West Virginia reads “Heart of the Billion Dollar Coal Field,” but the state of the sign is evidence that the billions have long left Mingo County. It’s faded, and the “Welcome to Williamson” part of the sign is broken.

Residents still talk about how popular performers came through town in the 1920s and luxuries found only in a few places in the U.S. were sold in downtown shops.

Dino Beckett’s parents told him those stories, and he’s determined to get some of that vibrancy back.

It starts with improving the health of the residents. Fourteen percent of West Virginians in their prime working years have a disability that keeps them from working or limits what they can do, double the U.S. rate of 7 percent. And the state has by far the highest rate of death from drug overdoses in the nation, two and a half times the national rate, according to the CDC.

Beckett, 46, runs the Williamson Health and Wellness Center, which is working to address many of these issues. But the center also functions as a downtown engine of hope for the county.

“We wanted to start a clinic, but we wanted to be an economic driver for the area, too,” he says.

He started a free clinic under a federal program to encourage treatment of underserved populations to go along with his more traditional doctor’s office, and a Diabetes Coalition to address the extremely high rates of diabetes patients in the county.

Beckett also created a project called Sustainable Williamson that helped set up a farmer’s market to provide access to healthier food and also runs programs to foster and support entrepreneurship.

This summer, Sustainable Williamson opened a space for budding entrepreneurs in a converted old furniture store called The Hub, where people with ideas for businesses can get support and advice. They sponsor training sessions and contests that help people refine their business pitches and compete for start-up money.

His groups try to get people to be more active by promoting and sponsoring daily lunchtime walks and monthly 5K runs.

Among the most popular is the Coal Dust 5K, which took place for the third time in September. By the end of the race, it looks a little like Williamson is teeming with miners again because the runners are doused with “coal dust” along the route. Of course, the “coal dust,” like a Williamson full of miners, isn’t real.

TRYING ANYTHING TO STAY HOME

After years working as a contractor and temporary worker in the coal industry, Mark Muncy finally landed a permanent job, with benefits, working for a mine owned by Alpha Natural Resources in the fall of 2013 near his home in Welch.

A year later, Alpha closed the mine and Muncy was out of work. Alpha, one of the country’s biggest coal companies, is now in bankruptcy.

Muncy didn’t want to go back to working a long-haul truck driver, as he had done years before, because it kept him away from his family too much.

His daughter Ashleigh loved to bake so he raised some money from a local acquaintance, got a government-backed economic development loan and opened the Riverside Cafe and Bakery in June.

“I didn’t know what else to do,” he says.

The plan was to run it with just his wife and four children. But the only salad bar in town proved too popular, and customers fell in love with Ashleigh’s pizza rolls. By customer request, Muncy agreed to extend the restaurant’s hours and stay open until midnight on nights when there’s a local football game with hungry fans.

The restaurant is bringing in three times what Muncy’s loan officer predicted it would — and he’s had to hire three people.

Ashleigh’s original plan was to keep her job at the local supermarket and bake on the side, but her baking just got too popular. Some of Ashleigh’s biggest fans: the region’s remaining miners, like those who work for Asbury, who come early in the morning and ask her to wrap the pizza rolls individually so they can eat them for lunch down in the mine.

Miners like Asbury and his workers won’t disappear completely from the Riverside Cafe or from coal country, despite the region’s dark future. The coal they mine is high-quality stuff, used for making steel, not electricity. It may even be used to build the frames for solar panels that Napier has learned to install, and that could further reduce demand for coal used for electricity.

Asbury is negotiating a lease for a new mine even now, in the depths of a bust.

He also is trying to work with the state on a plan to build a surface mine that would flatten a stretch of mountains but also create enough space for a highway to connect McDowell County with the two interstates that meet in Beckley — and perhaps spur some economic development unrelated to coal, finally, in Central Appalachia.

________

AP Economics Writer Paul Wiseman contributed to this story from Washington.

Jonathan Fahey can be reached at http://twitter.com/JonathanFahey. His work can be found at http://ift.tt/1IyVpZL.

Join the conversation about this story »

from Business Insider http://ift.tt/1LKKH2l

Posted in #UK

#UK Britain’s major banks pass stress tests

//

LONDON (AP) — The Bank of England says the country’s seven biggest lenders have passed stress tests designed to see if they withstand deterioration in global economic conditions.

The annual check of the health of the financial institutions found that five the seven participating institutions, Barclays, HSBC, Lloyds Banking Group, Santander UK, and the largest building society, Nationwide, showed no capital inadequacies.

The Royal Bank of Scotland Group did not meet its individual capital guidance after management actions and Standard Chartered did not meet one of its capital requirements. But the Prudential Regulatory Authority did not ask either to submit a new plan, as both institutions were already taking steps to strengthen their capital position.

The Bank of England modeled how banks would react to a sharp drop in Chinese economic growth.

Join the conversation about this story »

from Business Insider http://ift.tt/1LKKH2h

Posted in #UK