Tag Archives: potency

New Zealand rugby calls on players to take a tiny slice of a bigger pie amid a $ 465 million private equity standoff | Instant News

New Zealand Rugby boss Mark Robinson on the Silver Lakes All Blacks deal. Video / Provided

What continues to separate New Zealand Rugby from the New Zealand Rugby Players Association in their respective views of the Silver Lake proposal is their assessment of the potential risk and who carries it.

Under the terms of the Silver Lake deal, NZR asked NZRPA to agree to take a smaller share of the significantly larger potential revenue.

Players currently receive 36.5 percent of NZR revenue – known as Player Pay Pool (PPP) which has averaged around $ 190 million over the past five years.

The NZR pushes that percentage down to between 30 and 32 percent, but estimates that total revenue will surge to around $ 350 million by 2025 if Silver Lake takes part and will potentially climb again to somewhere closer to $ 500 million a year later. that.

Players will get a huge windfall if they agree to a deal in its current form and Silver Lake is able to make a transformational change in their promised annual income.

Both the NZR and NZRPA agree that it is imperative that there is enough money available to keep the salaries of New Zealand’s top players competitive and for the country to continue to retain talent.

New Zealand Rugby Players Association boss, Rob Nichol.  Photos / Photosport
New Zealand Rugby Players Association boss, Rob Nichol. Photos / Photosport

But the NZRPA has a different view to the NZR on the level of risk inherent in the proposal and it is these issues that need to be resolved in the follow-up mediation discussions planned for this week.

Silver Lake has not detailed its revenue growth plans. They have made an ambitious forecast based on a broad concept that effectively boils down to making money from an offshore All Blacks fan base that is believed to be as high as 65 million.

The NZRPA is not exactly anti-Silver Lake or underestimating its ability to make money as it says it can but needs to look in more detail to have more confidence.

The player body would also like to have a better understanding of how the NZR could reduce the risk of a deal not generating as much revenue as it had anticipated.

The proposal is for NZR to sell 15 percent of its future revenue but continue to be responsible for 100 percent of the costs of running the game.

If growth is not as high as forecast, the NZR could find itself with less, not more money as it will only have an 85 percent share of future revenue but still be responsible for meeting the fixed costs of playing players and provincial guilds.

The fear is that if income growth fails, the NZR could be forced to sell more assets to save.

New Zealand Rugby chief executive, Mark Robinson.  Photos / Photosport
New Zealand Rugby chief executive, Mark Robinson. Photos / Photosport

The NZRPA can negotiate to protect professional players from the downside, by including a clause that requires NZR to fulfill its agreed obligations to PPP.

But doing so would jeopardize the funding available for other parts of the game and would ultimately be catastrophic for everyone.

The two bodies, who spent Wednesday locked in mediation talks, are actually more in tune than has been described.

They agreed on the need to inject more capital into the game and found ways to use it to help foster and maintain community play.

However, they need to find ways to mitigate potential risks in such a way that they do not force larger sales or assets or jeopardize future investment at the grassroots.


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PM called for exploiting the potential of KP | Instant News


Prime Minister Imran Khan on Saturday called for exploiting the huge potential in Khyber-Pakhtunkhwa, assured the federal government its full support for promoting tourism and conservation of the environment and forests in the province.

In a meeting with lawmakers, the prime minister also confirmed the expansion of the Swat Motorway at the request of lawmakers.

The meeting was attended by SAFRON Minister Sahibzada Mahboob Sultan, Punjab Minister Sardar Asif Nakai, National Assembly members Mian Shafiq Arain, Malik Umar Aslam, Muhammad Amir Sultan, Pangeran Nawaz Alai, Haider Ali Khan and MPA Zubair Ahmed.

Published in The Express Tribune, February 7th, 2021.


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The Minister is considering legal changes to the privacy of browsing data | Instant News

Covid-19 Minister Chris Hipkins has sought advice from officials on potential changes to the law that could address lingering privacy concerns with the NZ Covid Tracer app. Photo / Bevan Conley

Covid-19 Countermeasure Chris Hipkins has sought advice from officials on potential changes to the law that could address lingering privacy concerns with the NZ Covid Tracer app.

It comes after a prominent data expert and Privacy Commissioner John Edwards suggested changes to the law would ensure agencies can’t use tracking data for spying or criminal investigations.

The New Zealand app remains an important tool for helping tracers quickly trace the close contacts of people infected with Covid-19 – but at the same time, gathering large amounts of personal information from users.

The government has moved to ease surveillance concerns by creating “decentralized” applications, leaving location data – such as those loaded via QR codes – and interaction information, entered via Bluetooth tracking, on people’s phones until needed for contact tracing.

While this approach, widely used by other countries, helps protect user privacy, there is still little legislative protection against data used for other purposes by Governments.

Dr Andrew Chen, a researcher at Koi Tū: The Center for Informed Futures based at the University of Auckland, said one concern is that police or intelligence agencies could request a warrant for a phone call and then retrieve tracing data from it.

The Singapore government recently sparked protests when it passed a law allowing police to access data from the TraceTogether app for serious crimes such as murder, rape and drug trafficking.

In New Zealand, Chen noted that a recent police review of emerging technology suggests police have the tools and the ability to search data on cell phones.

This month, he wrote to Hipkins and Director General of Health Dr Ashley Bloomfield, suggesting New Zealand could take similar steps to Australia, which introduces amendments that define who and who is not allowed to use tracer app data, and for what purposes.

That effectively means that intelligence agencies that accidentally collect tracking data from cell phones have to erase the data and can’t use it.

But Chen told the Herald that there were still concerns surrounding the two scenarios.

“One of them is that law enforcement officers get access, as happened in Singapore, which is a major concern,” he said.

“The other thing is, just because the NZ Covid Tracer app is well designed, it doesn’t mean that other digital contact tracing tools are designed as well.”

For example, he said, there were about 30 different providers for QR code digital contact tracing in the past.

“We know, last year, there were companies that collected personal information from contact tracing and then used it for marketing purposes.

“So it’s actually nice to have some rules that specifically state data collected for the purpose of the Covid-19 pandemic should only be used to respond to it.”

Data expert Dr Andrew Chen.  Photo / Provided
Data expert Dr Andrew Chen. Photo / Provided

Chen previously suggested that the Government could amend the Public Health Response Act, but now believes the reforms would fit better elsewhere in the current law.

In a written response to Chen last week, Hipkins noted that Bluetooth location and contact data were recorded centrally only when given to the tracker – and even then, people can still decide if they want to release it.

“With the relatively small number of cases in New Zealand, there are very few people whose data is stored centrally,” said Hipkins.

“This data is well secured in the ministry system and the ministry has done only to use it for contact tracing purposes.”

Furthermore, he said, the application has protection that limits the time period for data storage.

Manually scanned and recorded locations are stored on the user’s phone for 60 days and then deleted automatically, while the Bluetooth interaction key is stored on the user’s phone for 14 days and then deleted.

Although data from apps uploaded to the ministry’s system is kept longer because some of it becomes part of a person’s health records, the ministry has committed to deleting it “in a specific category” at the end of the pandemic – including all contact details.

Hipkins claims that the risk of being used for surveillance is low, and has been told that the threshold for agencies forcing access to it is “quite high.”

The police also told Chen that they did not – and would not – seek or access any data from the app to aid in the investigation.

However, Hipkins acknowledged that the existing safeguards were “incomplete” – and pointed to similar suggestions for reforms being made by privacy commissioners.

“While digital contact tracing options are now more limited than ever before, I notice nothing is preventing people from using other existing options, or preventing new ones from emerging,” Hipkins said in the letter.

“I understand that the ministry has published standards and certification regimes for applications that use Government QR codes that include privacy expectations.

“However, alternative approaches are not prohibited, and for that reason the Government supports ensuring there is protection for all digital applications and tools used for contact tracing.”

He has asked the ministry for advice on possible legislative changes – a move that encourages Chen.

“It’s great to look at. At the same time, I think it’s important to convince people that the risk here is low – and that we should all use this app as much as possible.”


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Geothermal warming potential for residential areas in Hamburg, Germany | Think GeoEnergy | Instant News

View of the city of Hamburg on the harbor, Germany (source: flickr / [email protected], Public area)

As part of the effort to develop a geothermal heating project, the city of Hamburg will also use the project to explore the potential for a wider use of geothermal energy through partnerships with universities, research institutes and private partners.

A deep geothermal power plant will be developed at the port city of Hamburg in Germany as part of the “Integrated Heat Transition Wilhelmsburg” Real World laboratory.IW3“To supply Wilhelmsburg’s first home with geothermal energy starting in 2023. We were before reported in the projectt.

At the same time, the project consortium behind green energy supplier HAMBURG ENERGIE pursues the overall goal of setting the foundation for future geothermal energy development in northern Germany. Close collaboration with the mesoTherm joint project, which is also state funded, is planned for this purpose.

Wilhelmsburg as a pilot site for geothermal energy in northern Germany

The research initiative within the IW3 project will investigate multiple geological horizons regarding its suitability to generate or store geothermal energy as part of the first of two geothermal drilling projects. Therefore, the Wilhelmsburg project could serve as a pilot for future geothermal sites in northern Germany.

Developing new exploration methods and reducing the risk of hydrothermal reservoir prospects are the main research objectives with regard to potential future projects in northern Germany. Geological data that exists from deep beneath the Earth’s surface is being reinterpreted for this purpose, particularly with respect to the so-called intermediate depth geothermal energy, hence the name mesoTherm. Medium depth geothermal energy involves the addition of a high performance heat pump for energy use in the medium depth reservoir. The results are publicly available in the GeotIS geothermal information system.

Supports research while drilling

mesoTherm plans a detailed supporting scientific program as part of a special work package on the IW3 project. Geophysical drilling measurements will be carried out to characterize the characteristics of petrophysical formations. The core samples will be extracted from promising rock formations and geoscientifically investigated. The relationship between reservoir geology and drilling productivity is captured through comprehensive hydraulic tests. Therefore it is possible to make statements about profitability.

The aim of the drilling data is also to verify new seismic exploration methods using artificial intelligence, which will be carried out by the University of Göttingen. It is intended to detect fossil riverbeds to a depth of 2,000 meters. Especially sandstones, which can provide an ideal reservoir for geothermal use, should be stored in riverbeds in river systems. The drilling estimate, which will be developed specifically for this type of reservoir, will clarify whether this reservoir is also a good prospect for success, i.e. it has an adequate amount of hot water. In addition, geological data will be re-evaluated and offset against one another at all scales. Direct reservoir data and a supporting scientific program for Hamburg Wilhelmsburg’s first deep drilling should validate the exploration results and prospects for successful discovery.

About the project

IW3 is a “real-world laboratory for energy transition”, receiving approximately EUR 22.5 million in funding from the Federal Ministry for Economic and Technological Affairs (BMWi). The real-world laboratory is part of the 7th energy research program in which the Federal Government supports research and development in the field of pioneering energy technologies. Their aim is to test innovative technologies and how they interact with each other, and in particular, on an industrial scale and in real-life conditions. www.iw3.de

The mesoTherm joint project is being carried out under the leadership of the Geoscience Center at the Georg August University in Göttingen, in collaboration with Geothermie Neubrandenburg GmbH (GTN) and the Leibnitz Institute for Applied Geophysics (LIAG), as related partners. www.sandsteinfazies.de

Source: Renewable Energy Hamburg


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A spirit of optimism for geothermal energy in the state of Baden-Wuerttemberg, Germany | Think GeoEnergy | Instant News

Schlossplatz, capital city of Stuttgart, Baden-Württemberg, Germany (source: flickr / Tom Bastin, creative commons)

Several projects are currently promoting the use of deep geothermal energy in the state of Baden-Württemberg, Germany. In particular, the heating grid connected to a fossil fuel power plant could be greener.

There is a high level of optimism in the German state of Baden-Württemberg, according to the platform for states (platform EE BW). There is great potential for geothermal energy utilization and it could account for about ten percent of the total energy demand in Germany. In Baden-Württemberg, conditions for geothermal energy development are excellent in the Graben Upper Rhine region and Upper Swabia. “It is important to use this potential to make progress with climate-friendly heat supplies. So far, there has been a lack of concept, ”said Franz Pöter, managing director of the EE BW platform. However, in the Upper Rhine region, deep geothermal energy could be the key. The planned new heating grid can also use geothermal sources.

With the “Inner Geothermal Energy Roadmap” adopted in March 2020, the state government of Baden-Württemberg also aims to exploit this potential to a greater extent. Its purpose is to identify resources and reduce barriers. We report it.

New geothermal project in the country

A lot also happened in southwest Germany. Several companies have initiated specific steps for the implementation of geothermal energy projects in the Upper Rhine. Karlsruhe’s Deutsche Erdwärme GmbH is currently planning three projects. At the project site in Graben-Neudorf, the first well is scheduled for 2021. In collaboration with MVV, EnBW is also applying for geothermal energy exploration permits to the state authority in charge of permits in the Mannheim-Heidelberg-Speyer triangle. EnBW has operated a geothermal system in Bruchsal together with a local utility company for more than 10 years. This system is used to generate electricity and supply heat to nearby police barracks.

In the Freiburg region, Badenova is now also taking on the task of finding geothermal sources and developing them for district heating. In addition, the Karlsruhe Institute of Technology plans to build its own research facility on the North Campus in collaboration with EnBW. KIT and EnBW jointly hold the geothermal license here. “Technological developments in deep geothermal energy and stringent safety requirements are suitable so that projects can be implemented without negative effects on the environment and local people.” Said Lutz Stahl, board member of the BW EE platform.

As the umbrella association of the renewable energy sector in southwest Germany, the EE BW platform accompanies these projects and informs interested specialists and the general public about the opportunities offered by deep geothermal energy. “In particular, municipalities in Baden-Württemberg which are obliged to plan for heat from next year should address the potential for deep geothermal energy if they are located on the Upper Rhine Graben or in Upper Swabia,” advises Franz Pöter. “Together with solar thermal energy and bioenergy, geothermal energy is a renewable energy for climate-friendly heat supply.”

The web seminar provides information on current status

On Thursday, November 26 starting at 11 a.m., the EE BW platform will host a free one hour web seminar on renewable heat supply with deep geothermal energy. In it, he describes the latest developments on the Upper Rhine as well as development concepts related to the geological conditions there and also looks at Munich, where technology has been well established for two decades and has been an important component of its achievement. climate goals. Register here for the webinar.

Source: Renewable BW


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