Wednesday, March 31, 2021

Alberta, Saskatchewan, Ontario unite to urge Michigan not to shut down Line 5

WASHINGTON — Shutting down the Line 5 pipeline would create a "dangerous precedent" that would forever imperil future cross-border infrastructure projects between Canada and the United States, says Alberta's energy minister.msnewslogo
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Alberta, Saskatchewan, Ontario unite to urge Michigan not to shut down Line 5
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WASHINGTON — Shutting down the Line 5 pipeline would create a "dangerous precedent" that would forever imperil future cross-border infrastructure projects between Canada and the United States, says Alberta's energy minister. 

a flat screen television© Provided by The Canadian Press
Sonya Savage joined counterparts from Saskatchewan and Ontario in warning a House of Commons committee Tuesday about the knock-on effects that could result if the cross-border pipeline is shut down.

"What is possibly most concerning to Alberta, as it should be for everyone here, is the dangerous precedent that a shutdown of a safely operating pipeline would have and would pose for future infrastructure projects," Savage testified. 

"We are good neighbours and strong business partners. Our integrated energy sector and critical trading relationships are important for jobs and economies on both sides of the border, and any actions to shut down Line 5 would threaten that relationship." 

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Line 5, which runs through Michigan from the Wisconsin city of Superior to Sarnia, Ont., crosses the Great Lakes beneath the environmentally sensitive Straits of Mackinac, which link Lake Michigan to Lake Huron.

For weeks, experts have been telling the committee that the pipeline is a vital source of energy not only for Ontario and Quebec, but a host of northern U.S. states as well, including Michigan itself, Ohio and Pennsylvania. 

Enbridge wants to build a tunnel underneath the straits to house an upgraded version of the dual pipeline — a project Michigan has already approved — but needs the existing line to continue to operate in the meantime.

Michigan Gov. Gretchen Whitmer has revoked the 1953 easement that allowed the pipeline to operate without incident for more than 65 years, accusing Enbridge of violating the terms of the agreement. She wants the line shut down by mid-May.

Enbridge is fighting that decision in court in Michigan — and Savage, Saskatchewan Energy Minister Bronwyn Eyre and Associate Ontario Energy Minister Bill Walker want Ottawa to weigh in on that fight. 

"This could include filing an amicus brief in court expressing the government's support for keeping the pipeline in operation," Walker told the committee. 

One senior federal government official, speaking on condition of anonymity in order to discuss internal matters, said filing such a brief is currently under discussion, but a final decision has not been made. 


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Witnesses also urged the federal government to exercise its rights under the 1977 Transit Pipeline Agreement, a Canada-U.S. treaty that provides for the uninterrupted flow of energy between the two countries.  

The Enbridge main line, and by extension Line 5, carry as much as 70 per cent of the crude oil produced in Saskatchewan to market, Eyre said. 

Line 5 is a "welded-steel manifestation, a tangible symbol, of a traditionally strong relationship, a friendship, between the United States and Canada — one we must not jeopardize," she said. 

"Pipelines produce no CO2 — they are a mere mode of transport, and yet they have become a symbol of the fight (over climate change)."

Sarnia Mayor Mike Bradley, whose city is a major refining hub in Ontario and the final juncture for Line 5, could barely contain his frustration with Whitmer, whom he said has been unresponsive to repeated entreaties. 

"I've written more letters to the governor than St. Paul wrote to the Corinthians," he said, noting that Canada's consul general in Detroit and Ontario Premier Doug Ford have had the same experience. 

"I can't fathom what is going on in the governor's mansion in Lansing ... does the governor not understand the damage (she's doing) to the ongoing relationship?" 

In a letter to Whitmer earlier this year, Enbridge accused Michigan of refusing to acknowledge that the state's own experts say there are no clear alternatives to the pipeline. 

The state "fails to acknowledge that Line 5 enables the safe transport of fuel essential to heat homes and provides energy to Michigan, neighbouring U.S. states and Canada's two largest provinces," Enbridge executive vice-president Vern Yu wrote.

"It also fails to account for the significant adverse social and economic impacts that will result from closure."

Scott Archer, a union leader in Sarnia, delivered a stark inventory of what those impacts might be if Line 5 is closed. 

Archer warned of immediate gasoline shortages, "massive" fuel cost increases, and 800 more oil-laden rail cars and 2,000 tanker trucks per day on railways and highways throughout both central Canada and the U.S. Midwest — to say nothing of widespread job losses in a variety of industries, many of them only tangentially related to the energy sector. 

"In short, shutting down Line 5 would effectively kill my hometown, and displace its families — and many more cities and towns like it in Canada and the U.S.," he said. 

"This is not an exaggeration — it's cold, hard fact." 

This report by The Canadian Press was first published March 30, 2021. 

James McCarten, The Canadian Press
© Provided by The Canadian Press

Sonya Savage joined counterparts from Saskatchewan and Ontario in warning a House of Commons committee Tuesday about the knock-on effects that could result if the cross-border pipeline is shut down.

"What is possibly most concerning to Alberta, as it should be for everyone here, is the dangerous precedent that a shutdown of a safely operating pipeline would have and would pose for future infrastructure projects," Savage testified.

"We are good neighbours and strong business partners. Our integrated energy sector and critical trading relationships are important for jobs and economies on both sides of the border, and any actions to shut down Line 5 would threaten that relationship."

Line 5, which runs through Michigan from the Wisconsin city of Superior to Sarnia, Ont., crosses the Great Lakes beneath the environmentally sensitive Straits of Mackinac, which link Lake Michigan to Lake Huron.

For weeks, experts have been telling the committee that the pipeline is a vital source of energy not only for Ontario and Quebec, but a host of northern U.S. states as well, including Michigan itself, Ohio and Pennsylvania.

Enbridge wants to build a tunnel underneath the straits to house an upgraded version of the dual pipeline — a project Michigan has already approved — but needs the existing line to continue to operate in the meantime.

Michigan Gov. Gretchen Whitmer has revoked the 1953 easement that allowed the pipeline to operate without incident for more than 65 years, accusing Enbridge of violating the terms of the agreement. She wants the line shut down by mid-May.

Enbridge is fighting that decision in court in Michigan — and Savage, Saskatchewan Energy Minister Bronwyn Eyre and Associate Ontario Energy Minister Bill Walker want Ottawa to weigh in on that fight.

"This could include filing an amicus brief in court expressing the government's support for keeping the pipeline in operation," Walker told the committee.

One senior federal government official, speaking on condition of anonymity in order to discuss internal matters, said filing such a brief is currently under discussion, but a final decision has not been made.

Witnesses also urged the federal government to exercise its rights under the 1977 Transit Pipeline Agreement, a Canada-U.S. treaty that provides for the uninterrupted flow of energy between the two countries.

The Enbridge main line, and by extension Line 5, carry as much as 70 per cent of the crude oil produced in Saskatchewan to market, Eyre said.


Line 5 is a "welded-steel manifestation, a tangible symbol, of a traditionally strong relationship, a friendship, between the United States and Canada — one we must not jeopardize," she said.

"Pipelines produce no CO2 — they are a mere mode of transport, and yet they have become a symbol of the fight (over climate change)."

Sarnia Mayor Mike Bradley, whose city is a major refining hub in Ontario and the final juncture for Line 5, could barely contain his frustration with Whitmer, whom he said has been unresponsive to repeated entreaties.

"I've written more letters to the governor than St. Paul wrote to the Corinthians," he said, noting that Canada's consul general in Detroit and Ontario Premier Doug Ford have had the same experience.

"I can't fathom what is going on in the governor's mansion in Lansing ... does the governor not understand the damage (she's doing) to the ongoing relationship?"

In a letter to Whitmer earlier this year, Enbridge accused Michigan of refusing to acknowledge that the state's own experts say there are no clear alternatives to the pipeline.

The state "fails to acknowledge that Line 5 enables the safe transport of fuel essential to heat homes and provides energy to Michigan, neighbouring U.S. states and Canada's two largest provinces," Enbridge executive vice-president Vern Yu wrote.

"It also fails to account for the significant adverse social and economic impacts that will result from closure."

Scott Archer, a union leader in Sarnia, delivered a stark inventory of what those impacts might be if Line 5 is closed.

Archer warned of immediate gasoline shortages, "massive" fuel cost increases, and 800 more oil-laden rail cars and 2,000 tanker trucks per day on railways and highways throughout both central Canada and the U.S. Midwest — to say nothing of widespread job losses in a variety of industries, many of them only tangentially related to the energy sector.

"In short, shutting down Line 5 would effectively kill my hometown, and displace its families — and many more cities and towns like it in Canada and the U.S.," he said.

"This is not an exaggeration — it's cold, hard fact."


This report by The Canadian Press was first published March 30, 2021.

James McCarten, The Canadian Press
REALLY BIG EGOS
Analysis: Archegos meltdown set to intensify shadow banking regulatory scrutiny

By Michelle Price and Katanga Johnson
© Reuters/CARLO ALLEGRI FILE PHOTO: A person walks past 888 7th Ave, a building that reportedly houses Archegos Capital in New York City

WASHINGTON (Reuters) - The implosion of New York-based Archegos Capital Management and the resulting losses for global banks is likely to intensify regulatory efforts to curtail the ballooning shadow banking sector and shed light on its risks.

Scrutiny of nonbanks was already a priority for Democratic lawmakers and Treasury Secretary Janet Yellen after hedge funds were involved in last year's Treasury market turmoil, dislocations in the repurchase agreement market in 2019, and January's GameStop saga.

The meltdown at Archegos, run by former hedge fund manager Bill Hwang, is another strike against the lightly regulated nonbank sector, said analysts. Archegos' soured leveraged equity bets have left big banks that financed its trades nursing at least $6 billion in losses, drawing scrutiny from watchdogs.

Despite managing around $10 billion and being leveraged to the tune of around $50 billion, according to a person with knowledge of the fund's positions, Archegos was not directly regulated because it manages Hwang's personal wealth as a single-family office.

On Wednesday, Yellen is leading the first meeting of the Financial Stability Oversight Council (FSOC) under the new Biden administration. The body is set to discuss hedge fund activity, among other issues, and analysts expect it will address Archegos too.

The U.S. Securities and Exchange Commission (SEC), which is a member of FSOC, has been discussing the incident with brokers to understand the impact on them and their customers, and areas of potential additional exposure, said one person with knowledge of the matter.

"The forced deleveraging of Archegos will keep the 'gamification' of markets a continued focus of Congress and federal financial regulators," wrote Raymond James analysts, adding policymakers would likely push for tougher single-family office disclosure rules, among other new reforms.

After the 2009 financial crisis, Congress imposed tough rules on banks, pushing riskier activities into more lightly regulated sectors, such as asset managers and private funds, also referred to as the shadow banking sector.

In response, the FSOC began a review of the asset management industry, warning in 2016 that leveraged hedge funds could cause instability during market stress if they became forced sellers. It planned to monitor the risks and plug data gaps, but the former Trump administration shut down that project.

REGULATORY BLIND SPOT

Family offices are even more of a regulatory blind spot. Single-family offices, which invest just one family's wealth, are not required to register with the SEC and therefore, unlike hedge funds, do not have to disclose their assets, bank relationships and other operational information.

While FSOC's 2020 annual report found net U.S. hedge fund assets were $2.9 trillion - $6.3 trillion in gross assets when accounting for leverage - it gave no data on family office assets.

Several market participants were surprised that Hwang could have quietly amassed so much leverage with so little oversight.

"The markets had no idea how big the (Archegos) positions were, in what stocks, how much was going to be sold, who owned it, what the leverage was," Dennis Kelleher, CEO of Washington think tank Better Markets, wrote in a note.

"That's because the shadow banking system remains non-transparent in material respects and much larger than it was in 2008."

Advisory group Campden Wealth reported in 2019 that the number of family offices globally had risen 38% over the previous two years, with total assets valued at $5.9 trillion. Consultancy EY recently estimated that global family-office capital had outstripped private equity and venture capital combined.

In the United States, light-touch regulation has made family offices attractive to hedge fund managers keen to shed outside investors and many, including several industry stars, have converted to family offices over the past decade.

Hwang converted his hedge fund Tiger Asia Management into a single-family office after the SEC fined him and the fund in 2012 for breaching its trading rules.

Kelleher said he expected a review of the U.S. rules on family office and hedge fund disclosures, as well as of broker risk management and the types of derivatives Hwang used to create leverage.

"Biden administration regulators need to act swiftly and comprehensively to protect our financial system," he added.

(Reporting by Michelle Price and Katanga Johnson in Washington; Additional reporting by Chris Prentice in Washington and Matt Scuffham in New York; Editing by Matthew Lewis

888 (eight hundred eighty-eight) is the natural number following 887 and preceding 889. Contents. 1 In mathematics; 2 Symbology and numerology; 3 See also ...

Archegos · the chief leader, prince. of Christ · one that takes the lead in any thing and thus affords an example, a predecessor in a matter, pioneer · the author.
What is Archegos and what does it mean for Indian markets, explained

A primer on what went wrong at Archegos and the important learnings it offers, also in the Indian context.

ASHISH RUKHAIYAR
MARCH 31, 2021 / 06:04 PM IST

Archegos is a Greek word that means one who leads the way. Archegos Capital Management, however, seems to have gone the wrong way and led some of the biggest global banks with it who are now facing billions of dollars in potential losses. Here is a primer on what went wrong at Archegos and the important learnings it offers, also in the Indian context.


What is Archegos Capital Management?


Archegos is a New York-based family office that primarily invests in stocks in markets like the US, China, Korea and Japan. It was founded by Bill Hwang who was formerly an equity analyst with now-defunct hedge fund Tiger Management. Incidentally, Tiger Management was founded by the famous hedge fund manager and US billionaire Julian Robertson whose many former employees, including Hwang, went on to start their own successful hedge funds and were popularly known as ‘Tiger Cubs’.

Prior to starting Archegos in its current form, Hwang was managing the show at Tiger Asia Management and Tiger Asia Partners but had to abruptly shut shop in 2012 after a slew of insider trading charges by the Securities and Exchange Commission (SEC). He and his firms had to pay $44 million to settle the charges while also agreeing to stay away from the investment advisory business. Thereafter, he converted his firm into a family office—firms that manage the money of wealthy families. Remember, family offices are outside the regulatory scrutiny of the SEC and most of their information is not in the public domain.

Why is Archegos in the news?

Archegos Capital: Will Indian market see another Lehman moment?


Archegos crisis: 10 things to know about former Tiger Asia manager Bill Hwang


The family office was forced into a fire sale—selling assets at a very low price— of securities worth around $20 billion last week after some of its portfolio stocks witnessed a significant price fall. Some have seen their price drop by one-third. Archegos had huge exposure through swaps (we’ll come to swaps in a moment) in Viacom CBS Corporation and Discovery Communications along with Chinese majors Baidu Inc and Tencent Holdings, the world’s largest video game vendor.The fall in market prices of its portfolio stocks triggered margin calls and the failure to bring in additional margins forced marquee banks including Nomura, Credit Suisse, UBS, Deutsche Bank, Goldman Sachs and Morgan Stanley to liquidate the holdings of Archegos. Further, while the quantum of potential losses for the banks would differ, it will be significant, to say the least. While Nomura has already said – without naming Archego - it is facing a potential loss of $2 billion, Credit Suisse has said it is facing “highly significant and material” losses.

The most important learning is the risk posed by large firms that are able to operate outside the regulator's purview

What is a swap and how did it trigger margin calls?

Swaps are a kind of derivative instrument that can be traded over the counter amongst deep-pocketed institutional investors without the requirement of any public reporting. Swaps allow investors to take huge positions without having to remit large sums of money upfront.

They do essentially by borrowing from banks— called leverage in market parlance. While the underlying securities were publicly traded shares, swaps gave Archegos the benefit of leverage, which was much higher than that allowed to a regulated entity.

Leverage refers to borrowed money used for trading. In such transactions, the client has to immediately bring in additional money if the stock prices fall since it leads to a fall in the value of the margin with the broker. This is so called margin calls, triggered when an investor's equity as a share of the total market value of securities held falls below a certain requirement.

So did leverage have anything to do with Archegos?Oh yes! Swaps do increase the size of investments in stocks by enabling investors to put only a limited amount of money. But when the underlying investments go bad, banks typically sell the shares they hold on behalf of investors. Ditto with brokers. If a client is unable to bring in more cash, brokers resort to selling the assets and, depending on the prices, booking losses in their own books

Just like in the US, family offices in India are also an unregulated lot


Large scale selling as we know triggers a drop in value of shares. This happened in the case of Archegos — all the stocks it invested fell sharply. This is why the global banks are facing huge potential losses.

What are the important learnings from Archegos?

The most important learning is the risk posed by large firms that are able to operate outside the purview of the regulators. Hedge funds are often called ‘hot money’ and are regulated to some extent by various regulators across the globe.

Family offices, however, have been able to stay out of the framework and the recent episode has made many question the exemption especially at a time when some family offices are believed to be dealing in securities worth billions and therefore could pose a systemic risk if left unchecked. This assumes significance as regulated firms have limits in terms of overall position limits and the quantum of leverage.


Is this issue relevant in the Indian context?

In the Indian market, the biggest institutional investors—whether foreign or domestic—are regulated by the Securities and Exchange Board of India (SEBI). These regulated entities are subject to limits in terms of exposure and leverage and though there have been instances of margin calls getting triggered in the Indian market, they have been far and few.


More importantly, the limits have been laid down in a manner to minimise any potential systemic risk. While such risks cannot be fully eliminated, adequate checks and balances have been included in the regulatory framework for all the regulated entities. Unregulated entities dealing in shares, however, could pose risks in the absence of any kind of monitoring.

Are family offices regulated by SEBI in India?

Just like in the US, family offices in India are also an unregulated lot. This assumes significance as family offices in India also deal with shares of listed companies and hence are a part of the capital market.

The family offices of some of the richest Indian families have assets running into millions of dollars and experts believe that it is time that such entities are brought under the purview of the capital market regulator who can keep a check on their position limits and leverage among other things.

“Family offices are not registered by SEBI as a category of AIF, REITs, PMS or Investment Advisors or in any other capacity. They also do not require any specific exemption the way it works in the US,” said Sumit Agrawal, Founder, Regstreet Law Advisors & a former SEBI officer.

“Promoters or controlling shareholders have family offices but unlike other structures such as AIF or PMS, here the family has a large say in the final investment decision. Indian regulator, today does not regulate it, but it is a matter of time, when they will ask for disclosures from family offices, and in a subsequent phase perhaps categorise them as an intermediary,” added Mr Agrawal.

Incidentally, a report by Edelweiss in 2018 stated that there were around 40-45 formal family office structures in India with their average assets under management pegged at $318 million.


ASHISH RUKHAIYAR is a financial journalist

JUNKYARD DOG
Bidens' German shepherd Major bites again


The White House said President Joe Biden's dog Major (R) bit a National Park Service employee but that there was no injury. File Photo by Ana Isabel Martinez Chamorro/White House


March 30 (UPI) -- President Joe Biden's German shepherd Major is in the dog house again after biting another person at the White House, first lady Jill Biden's spokesman said Tuesday.

People with knowledge of the incident told CNN that Major bit a National Park Service employee on the South Lawn on Monday. The worker was evaluated by the White House medical team.

"Major is still adjusting to his new surroundings and he nipped someone while on a walk," Jill Biden's press secretary, Michael LaRosa, said in a statement to The Washington Post and NBC News.

"Out of an abundance of caution, the individual was seen by [the White House Medical Unit] and then returned to work without injury."

The incident comes about a week after Major and Champ, also a German shepherd, returned to the White House from the Biden home in Delaware. The two dogs were sent home after Major snapped at someone earlier in March.

The 3-year-old rescue dog was "surprised by an unfamiliar person and reacted in a way that resulted in a minor injury to the individual," White House press secretary Jen Psaki said at the time.

"The dogs will come and go, and it will not be uncommon for them to head back to Delaware on occasion, as the president and first lady often do as well," she added.

LaRosa said Major received some extra training after that initial incident.

  


Watergate coordinator G. Gordon Liddy 
dies at 90


HE BUSTED LEARY FOR LSD IN THE SIXTIES 
IN THE EIGHTIES HE AND LEARY TOURED AS LIBERTARIAN COMEDIANS 


MARCH 30, 2021 / 11

G. Gordon Liddy, who was convicted for his role in coordinating the Watergate break-in that led to President Richard Nixon's resignation, died on Tuesday. He was 90. File Photo by Bill Greenblatt/UPI | License Photo


March 30 (UPI) -- G. Gordon Liddy, known best for engineering the bungled break-in that led to the Watergate scandal, has died, his family said Tuesday. He was 90.

Liddy's son Thomas P. Liddy said his father died at the home of his daughter Alexandra Liddy Bourne in Vernon, Va. He told The New York Times that his father had Parkinson's disease and had been in declining health.

He told The Washington Post that his death was not related to COVID-19.

While working for President Richard Nixon in 1972, Liddy was arrested along with fellow conspirator E. Howard Hunt after Nixon campaign security official James W. McCord Jr. and four Cubans returned to the Watergate complex in Washington, D.C., weeks after they had planted bugs and photographed documents in the Democrat National Committee offices and were caught by police.

The arrests uncovered a larger conspiracy orchestrated by Liddy and Hunt, who worked to seal information leaks in the Nixon administration, which included breaking into the office of Daniel Ellsberg, who leaked the Pentagon papers to The New York Times.

Liddy refused to testify before the grand jury investigating the Watergate scandal that led to Nixon's resignation and was sentenced to six to 20 years in prison, the greatest handed down to any of those involved.

He only served 52 months, however, and President Jimmy Carter commuted his term in 1977.
Born George Gordon Battle Liddy on Nov. 30, 1930, in Brooklyn, N.Y., Liddy was raised in Hoboken, N.J., where he said he overcame a fearful disposition and respiratory problems as a youth by lifting weights and putting himself through tests of will such as placing his hand over a flame and eating a rat to overcome his revulsion to the vermin.

He joined the Army in 1952 and worked as an FBI field agent from 1957 to 1962 before launching a political career, unsuccessfully running for the Republican nomination to represent New York's 28th district in Congress.

Liddy was appointed to the post of special assistant to the secretary of the treasury for the Nixon administration and eventually became part of a special investigations unit tasked with combating White House leaks known as "the Plumbers."

After Watergate, Liddy wrote a series of books ranging from the fictional spy thriller Out of Control in 1979 to a 1980 autobiography titled Will that detailed Watergate and his time in federal prison. 

HE ADVISED SOLDIER OF FORTUNE MAGAZINE A CIA FRONT

In the 1980s, he took on various film and television roles, including appearing on Miami Vice, in addition to engaging in a tour of debates against 1960s LSD guru Timothy Leary on college campuses.

He then hosted The G. Gordon Liddy Show, a syndicated conservative talk-radio program from 1992 until he retired in 2012.

Liddy married Francis Ann Purcell in 1957 and the couple had five children. Liddy's wife died in 2010. He is survived by his sister, Margaret McDermott, two daughters, three sons, 12 grandchildren and two great-grandchildren.

LAST DAY OF WOMEN'S HERSTORY MONTH

 


TODAY marks International Transgender Day of Visibility (TDOV), an annual event celebrating trans lives by raising awareness about the systemic problems affecting communities.

With health-care disparity rampant, trans people turn to each other for help

Alley Wilson
© Laura Whelan/Global News

There’s no shortage of problems in health care; transphobia prevents many Canadians from visiting doctors and emergency rooms, and getting tested for COVID-19, according to national surveys by TransPulse Canada. A lack of medical research, ignorant and/or inexperienced providers, cisnormative policies, racism and poverty — which some mitigate through crowdfunding for essential surgeries — are among other long-reported barriers to fulfilling unmet health needs.

Commentary: Black trans women need the space to be listened to, supported

Shawn*, a trans man from Toronto who medically transitioned a decade ago, said his family doctor at the time misgendered him and refused to support his transition.

© Provided by Global News

A multi-year wait-list for hormones made Shawn resort to self-medicating in 2011, taking testosterone given to him by a trans acquaintance he followed on YouTube. He also had a hard time getting bottom surgery, which, at the time, was best performed by specialists outside of Canada according to Shawn, and didn’t have as long of a wait-list.

“I wanted it for years, but I didn’t (get it) because I didn’t think I could access it,” Shawn told Global News.

It wasn’t until another trans man walked Shawn through the complicated paperwork that he was finally able to go through with the procedure. Since then, he’s paid it forward by writing guides that assist trans men and transmasculine people navigating the health-care system and apply for provincial government assistance.

It isn’t hyperbole to say this kind of informal community support can save lives, especially when the resources provided challenge gatekeeping. Erin Reed, a digital director at the American Independent, told Global News that a Google map she made listing U.S. clinics operating under an “informed consent” model has over a million views and has aided countless people looking for more supportive providers.

“I get messages from people about (the map) all the time. They say things like, ‘I never would have been able to transition without this map,’ or ‘This map literally saved my life. I was close to ending it, then I found this and realized there was an informed consent clinic 10 miles from my house,’” she recalled. “It makes me want to cry, I’m so happy about it.”
© Provided by Global News

The help of people like Shawn and Reed can be found online via forums and social media, with journalism by trans writers playing a role in giving in-community conversations gravitas and furthering reach: Canadian journalist Alex V. Green’s stories on DIY transitions in 2018 and the controversial use of spironolactone in 2019 are some examples of stories that have helped people make informed decisions about body changes.

Vice producer Alyza Enriquez’s personal account on low-dosing testosterone to affirm their non-binary identity, and writer Samantha Riedel’s interviews with trans women who get menstrual symptoms are other notable works that have raised awareness about experiences not often brought up in doctor appointments.

To promote accessible trans wellness on TDOV, Global News asked several people to share the informal advice they were once given by another trans person. (It's always ideal to consult with your doctor before changing or starting a new treatment plan. When that's not possible, research and reach out to trusted community members for best practices).

“What’s one health tip you wish other trans people knew about?”

Elliott Kozuch“Avoid testosterone gel if you live with a cat, because accidental transference could be dangerous.”

© Provided by Global News



Vic“I learned from a friend that you can just keep taking your birth control if you aren't on HRT (hormone replacement therapy) and want to not have periods. Take it straight through your month and skip the little placebo pills, depending on the kind you use.”

© Provided by Global News

EvyFor trans women and transfemmes: "Instead of swallowing estradiol pills, they should be taken sublingually (under the tongue) if possible — and it is generally possible. This vastly helps the estrogen actually get absorbed and not just wasted in the liver."

© Provided by Global News

Some CBD after a laser hair removal session really helps.

You can cycle progesterone (take it periodically, instead of consistently), which can help with boob growth. It’s one of those things that's very much ‘your mileage may vary,’ more folk wisdom then something that is a known thing.

Newton Brophy“After you inject, it helps to lightly massage the area… apparently there’s a common allergy to the oil that testosterone is suspended in, not testosterone itself. It doesn’t happen to everyone, but sometimes the injection site will be red and itchy for two or three days. If that happens to you, it might be this allergy."

© Provided by Global News

Kat Rogue“Transfemmes can also take T (testosterone)! I take low-dose T to help manage energy levels, mental health, and sex drive.

"Prior to my orchiectomy, I was very nervous that my sex life would be destroyed. While that didn’t turn out to be the case, my ability to get erections was affected. I find taking extra T the day before I want an erection works way better than Cialis (a sexual function medication) and way cheaper. It also boosts my mood when I’m feeling lethargic or down.
© Provided by Global News

"That being said, every test comes back completely within the cis female range of testosterone. As far as I’m concerned, the extra T makes up for testosterone that a cis woman’s body produces with her ovaries and adrenal glands … if a T gel packet at full dose lasts a transmasc person a day or two, mine lasts me a month or two. It’s very minimal and fully tested by my endocrinologist.”

Sasha Campbell“One thing that a lot of people don’t know is that pharmacists dispense meds, but they can also help with figuring out issues. You can ask them, ‘Is there a way to get this medication covered?’ or ‘What are the side effects if I switch to this dose?’

"We can help people sign up for government assistance programs like Trillium (Ontario’s drug payment assistance program), we can look stuff up, and communicate with your family doctor.”

Advice for improving trans health

© Provided by Global News

Sasha Campbell, a Canadian pharmacist who shared their advice above, acknowledges the challenges of troubleshooting concerns with providers and the scarcity of trans representation in health care, but points out that progress is slowly being made. Some of this includes publishing more research and creating comprehensive resources, like Sherbourne Health’s guidelines for primary providers of trans and non-binary patients.

Read more: Why trans people need to be included in the gender-based violence conversation

Cis service providers should also take it upon themselves to learn, by taking trans-centred courses like those offered by Rainbow Health Ontario. Even without formal learning, Campbell says it's “not difficult to assess someone for risks and monitor them. It’s just new for them.”

For Kat Rogue and others interviewed, they believe community care for a trans person's overall health is best until the institutions controlling medical access can provide more autonomy and care.

“If you think you’re being gatekept, reach out to trans people,” she said. “We’re the only ones who are going to save us.”

*First names were used for several interview subjects in order to protect them from transphobia.

Al Donato is a non-binary freelance journalist and podcaster based in Toronto. Their bylines can be found at HuffPost Canada, among others. Al can be reached on Twitter at @gollydrat.
Ireland unveils plan to shift remote workers from cities to new rural hubs
NEOLIBERAL PUBLIC SECTOR UNION BUSTING

Financial Times

DUBLIN — Ireland is seizing the “unparalleled opportunity” offered by changing pandemic-era work habits to shift people from major cities to the rest of the country, envisaging a network of remote working hubs and rejuvenated town centres in an effort to redress the country’s longstanding rural-urban divide. © Provided by National Post The Irish government's 'Our Rural Future' strategy includes the creation of more than 400 remote working hubs in locations, potentially, such as Galway.

The Irish government unveiled its “Our Rural Future” strategy on Monday, ahead of a promised announcement on easing a three-month lockdown. Some of the measures currently in force, notably a ban on non-essential travel further than 5km, have hit rural dwellers particularly hard.
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The plan, the first of its kind launched by a European country since the start of the pandemic, includes creating a network of more than 400 remote working hubs, and introducing tax breaks for individuals and for companies which support homeworking.

The government has set a target of 20 per cent of Ireland’s 300,000 civil servants moving to remote working by the end of the year. Other measures include “financial support” to encourage people to live in rural towns and accelerated broadband rollout.© REUTERS/Johanna Geron The COVID-19 pandemic has delivered ‘an unparalleled opportunity’ to balance economic recovery across Ireland, says the Irish Taoiseach Micheál Martin.

“As we recover from the impact of the Covid-19 pandemic, an unparalleled opportunity exists for us to realise the objective of achieving balanced regional development and maximising recovery for all parts of our country,” Irish Taoiseach Micheál Martin told reporters.

The rural-urban divide has dominated Irish politics for decades. But, Heather Humphreys, minister for rural and community development, said the country now had “an unprecedented opportunity to turn the tide”.

“The biggest mistake we can make as we emerge from the pandemic is to go back to the old normal.”

Ireland’s last big decentralisation push was in the early 2000s, when government departments were moved from Dublin. That move delivered far fewer jobs to the regions than originally expected. Humphreys said this plan was different. “This is a modern, worker-led decentralisation, not focused on buildings but on people.”

Just one of the 152 measures in the plan has a deadline attached. And none has been costed, though ministers stressed that funding was available. Humphreys promised to give more detail next week on what could be achieved this year.

Other European countries face similar questions about how their cities will change in the wake of shifts in working practices brought about by the pandemic.

Ian Warren, a director at the UK’s Centre For Towns think-tank, said that the Irish plan looked “very promising”, adding: “The belief in the UK is that cities have been the focus for government intervention for too long, and that there needs to be a better balance in terms of investment.”

Warren stressed that “lots of investment” was required to manage population shifts, including “very good infrastructure, broadband, good housing, good public services, good transport”, as well as access to green spaces and culture.© John Cogill/Bloomberg News Life in Kilkenny, with 26,500 people, is a far cry from the pace in Dublin.

Tax incentives of the sort Dublin was promising were “just one lever that you can pull”, Warren said.

The launch event for the plan featured video testimonials from several women who had moved to the Irish countryside in recent years. They cited a range of benefits, including not having to commute, being closer to family and more affordable housing.

The prospect of others following in their wake is already unnerving Dublin businesses, many of which have been shut for most of the past year under one of Europe’s tightest lockdowns.

“Office workers are the bedrock of the Dublin economy,” said Richard Guiney, chief executive of DublinTown, which represents 2,500 businesses in the Irish capital. He said the plans bore evidence of a “clear anti-Dublin bias”.

But Ronan Lyons, economist and director of social research at Trinity College Dublin, said the multi-faceted appeal of cities could mean that people were reluctant to leave.

“Cities are not just about where you work, they’re also about how you live,” he said. “It’s hard to see people who were hoping to have the breadth of what cities offer choose to give that up for smaller towns.”

Lyons added: “This is just one manifestation of something that has come up again and again in Irish policy for over a century. Irish politicians . . . want to reward rural constituencies.”

Claire Kerrane, rural development spokeswoman for the opposition Sinn Féin party, said the plan was “very welcome . . . really positive”.

“The big question is whether it will all be implemented, and how quickly,” Kerrane said, adding that while it was “nice to have documents and nice ideas . . . we need a clear road map”.
TUC hits out at UK Gov after ONS figures show drop in green jobs

The UK Government is being accused of “not delivering” on pledges to create a new generation of green jobs.

by Hamish Penman
29/03/2021

The number of green jobs in the UK dropped by around 30,000 between 2014 and 2019, according to the ONS.

The UK Government is being accused of “not delivering” on pledges to create a new generation of green jobs.

The Trades Union Congress (TUC) called for Westminster to implement “ambitious plans” after the Office for National Statistics (ONS) estimated a drop in low carbon jobs in the middle to end of the last decade.

Analysis from the ONS released on Monday predicted that there were 202,100 green jobs in the UK in 2019, compared to 235,900 in 2014.

The worst hit sector was energy efficient product manufacturing, where the number of positions fell by 37,900, around a third.

The number of carbon capture and storage jobs decreased by two thirds, as did those involved in other renewable electricity.

Moreover, the ONS said that despite having more than twice the offshore windfarm capacity in 2019 as in 2014, the number of direct jobs supported by the offshore wind sector in the UK only grew by 14% to 7,200.

The figures pre-date the pandemic and do not take into account those axed over the last year.

Previous research commissioned by the TUC claims more than a million jobs can be created in the next two years if ministers fast-track investments into “vital green infrastructure”.

More than 290,000 of those are expected to be involved in the retrofitting of buildings.

A further 24,000 jobs could be supported by the installation of electric vehicle charging infrastructure and 35,000 through the upgrade of ports and factories for renewable energy.

The TUC said Boris Johnson is leaving the UK to “fall behind” other nations, pointing to recent cuts to funding for green homes.

The UK Government has made a number of pledges in recent months to support the energy transition and a green recovery from Covid-19.

Spearheaded by the 10 point plan, the promises aim to reassure domestic industry it will benefit from decarbonisation, amid concerns of work being farmed out overseas.

Frances O’Grady, TUC General Secretary, said: “Climate action can bring major benefits to us all. New jobs in green industries can help us recover from the pandemic. And it will mean clean air, food security, and the restoration of Britain’s forests and wildlife.

“But progress is far too slow. Lots of towns and communities were promised the chance to level up with new jobs in green industries. But Boris Johnson’s government is not delivering.

“There should be a good news story to tell. Our research has shown how over a million green jobs can be created in the next two years if the government fast tracks green investment.

“We all know now this is the future we need. The government must come forward with ambitious plans to show strong leadership when the UK chairs the COP26 global conference on climate change this year.”

A spokesperson for the Department for Business, Energy and Industrial Strategy said: “The UK is committed to taking advantage of the huge economic opportunities that the transition to a green economy offers, including large scale job-creation.

“The Prime Minister’s 10 Point Plan will mobilise £12 billion of government investment to create and support up to 250,000 highly-skilled green jobs in the UK, and attract over three times as much private sector investment by 2030.”


Indonesia's Pertamina puts out fire in Balongan refinery storage units

JAKARTA (Reuters) - Indonesia's state oil company PT Pertamina said it has put out a fire that had engulfed part of its 125,000 barrel per day refinery in Balongan, West Java and had begun making preparations to restart the plant.
© Reuters/HANDOUT Indonesia's Pertamina puts out fire in Balongan refinery storage units

© Reuters/HANDOUT Indonesia's Pertamina puts out fire in Balongan refinery storage units

The fire broke out just after midnight on Monday, forcing Pertamina to shut the plant and evacuate around 950 nearby residents. Six were treated at the hospital due to the fire.

© Reuters/HANDOUT Indonesia's Pertamina puts out fire in Balongan refinery storage units

Pertamina said in a statement that by Wednesday afternoon, fires in all four affected storage units have been extinguished. Videos posted online showed massive flames and a huge black column of smoke rising from the site.

The company was conducting a cooling down process and planning to begin preparation to restart the refinery as soon as it is safe to do so, it said.

Video: Massive blaze breaks out at Indonesian oil refinery (AFP)



"Hopefully Balongan refinery can be operational again after a thorough inspection is carried out," Agus Suprijanto, a Pertamina spokesman said in the statement.

Pertamina expected the shut down could be lifted in four to five days as damage was limited to the storage area of the plant and did not affect its oil processing area, company officials said on Monday.

© Reuters/ANTARA FOTO An aerial picture shows smoke rising during a fire at Pertamina's oil refinery in Balongan

The company has said that only 7% of the refinery's 1.35 million kilo litres (KL) of storage capacity was affected, and that the tanks that caught fire had been only holding around 23,000 KL of gasoline.

Pertamina said national fuel stocks remained secure, and any shortage of fuel to Jakarta, which Balongan supplies, could be made up by refineries in Cilacap and Tuban.

Pertamina said there were no fatalities, though media reported one resident had died from a heart attack that coud have been caused by the shock of the explosion.

West Java police said it will investigate the cause of the fire.

(Reporting by Bernadette Christina, Fransiska Nangoy; Editing by Simon Cameron-Moore)



GOOD THING MUSK IS A BILLIONARE 
SpaceX sees another failed test of rocket that will take people to the moon

The rocket successfully reached a planned altitude of 10 kilometres.
It then began its descent, a move dubbed the "belly flop."

Nicole Mortillaro CBC
3/30/2021
© SpaceX In this photo, SpaceX's uncrewed SN10 comes in for a landing in Boca Chica, Tex. On Tuesday, SpaceX tried unsuccessfully to launch and land its SN11 Starship that CEO Elon Musk hopes will take people to the moon and eventually to Mars.

It appears that SpaceX just can't stick the landing.

In its fourth test of its Starship — which CEO Elon Musk hopes will take humans to the moon or Mars in the near future — the 50-metre rocket dubbed SN11, or serial number 11, exploded.

However, it's unclear exactly what happened.

The launch occurred through thick fog at the SpaceX facility in Boca Chica, Texas, making it impossible to see anything but a bright glow when the rocket launched.

Even the SpaceX cameras aboard SN11 didn't work as well as normal, with the feed dropping out for most of the test launch.


Debris rained from sky

The rocket successfully reached a planned altitude of 10 kilometres. It then began its descent, a move dubbed the "belly flop."

However, a few seconds after its engines fired to put the rocket in a vertical position, a loud boom was heard and debris was seen raining from the sky.

"Looks like we've had another exciting test of Starship Number 11," said John Insprucker, launch commentator for SpaceX, during the live broadcast.

Shortly after the botched landing, SpaceX CEO Elon Musk tweeted, "Looks like engine 2 had issues on ascent & didn't reach operating chamber pressure during landing burn, but, in theory, it wasn't needed. Something significant happened shortly after landing burn start. Should know what it was once we can examine the bits later today."

SpaceX is launching its prototypes in quick succession, with the hope that it will eventually have a successful launch and landing. The closest success it had was with its SN10 on March 3, which landed but then exploded almost 10 minutes later on the pad.

Musk also tweeted that the next Starship, SN15, will be moved out to the launch pad some time next week in preparation for its test.

"SN15 rolls to launch pad in a few days. It has hundreds of design improvements across structures, avionics/software & engine. Hopefully, one of those improvements covers this problem. If not, then retrofit will add a few more days."
Booster to undergo tests

Eventually, the second part of the rocket, the Super Heavy booster, will also undergo tests.

The first prototype — referred to by its serial number BN1 — is already in a high bay on site, though Musk tweeted Tuesday that it will be scrapped and BN2 — with new upgrades — may head to the launch pad by the end of April.

Once Starship and the Super Heavy are paired, it will stand 120 metres, taller than the Saturn V rocket that took astronauts to the moon.

SpaceX already has its first private passenger, Japanese billionaire Yusaku Maezawa. Maezawa has launched a search for eight people to join him on the trip around the moon, which will be on Starship.