Latest news with #Kelty
Yahoo
3 days ago
- Entertainment
- Yahoo
Hampton Roads Black Food Festival in Virginia Beach: What to know
Get your grub on at the Hampton Roads Black Food Festival on Saturday at Mount Trashmore Park in Virginia Beach. Cuisines range from Caribbean to soul food to vegan. The festival, a production of Black on Black Market in Norfolk, features more than 20 vendors, including Sundayz With Shev, Desmond's Island Soul Grill, and Cups Up, said the market's creator and director, Tree Kelty, in an email. It's a day to celebrate Black-owned businesses and Black chefs while enjoying music — before the close of African American Music Appreciation Month. 'This isn't just about food — it's about culture, legacy and supporting the people who keep our communities flavorful and full,' Kelty said. The event runs from 11 a.m. to 6 p.m. and it's free and open to the public; VIP tickets, $55.20. Details, registration: Rekaya Gibson, 757-295-8809,
The Herald Scotland
3 days ago
- Business
- The Herald Scotland
Crude price volatile as Middle East developments rock market
The fall reflects relief that Iran appears to have decided against making an attempt to cut off exports of crude from Gulf states in response to the actions of the US and Israel. Traders feared that Iran would try to block the Strait of Hormuz through which around 20% of global production is shipped, including output from Iran. Ashley Kelty, oil and gas analyst at Panmure Liberum investment bank, noted the market took Iran's decision to fire rockets at a US base in Qatar instead as a face-saving move that was intended to de-escalate the situation. 'There was around a $10 per barrel Middle East risk premium over the last week that has been slashed,' said Mr Kelty. He noted that China may have pressed Iran to show restraint. China has provided a key market for sales of Iranian crude, which are subject to extensive sanctions. READ MORE: Israeli-owned firm takes control of UK's biggest gas field However, Mr Kelty noted traders' fears that the ceasefire could fall apart. Israel and Iran accused each other yesterday of breaching it. 'The chances of a long-term deal still look pretty remote,' said Mr Kelty. 'The market is waiting to see if the ceasefire holds and what terms each side will agree to.' Mr Kelty cautioned: 'The chances of the Strait of Hormuz being blocked are greatly reduced but they have not gone away.' He noted that the impact of renewed hostilities could be offset by the fact that leading producers such as Saudi Arabia have agreed to ease curbs on production that were imposed to support prices. 'On fundamentals we are still looking at oversupply this year,' said Mr Kelty. Against that backdrop, a key factor will be the scale of production increases that members of the Opec + group maintain. READ MORE: SNP Government oil hypocrisy shocking amid Scottish jobs cull A fall in oil prices could boost the global economy and fuel demand. But Saudi Arabia requires a $90/bbl price to balance its budget. If oil prices drop below $50/bbl US producers would cut production. Mr Kelty thinks supply and demand will come back into balance next year. Brent is likely to sell for between $60/bbl and $70/bbl this year. Alan Gelder, SVP refining, chemicals and oil markets at the Wood Mackenzie energy consultancy said the Brent crude price could increase by $5/bbl to $10/bbl if hostilities between Israel and Iran resumed. Closure of the Strait of Hormuz would result in a more significant increase in prices but the effect would likely prove short-lived. The US and its allies would probably intervene to clear the Strait. Mr Gelder noted the possibility that demand for crude could fall after US president Donald Trump decides whether to impose the tariffs he put on hold for 90 days after the publication of his plans for them in April. The pause is due to end on July 8. Mr Trump's proposals sparked concern around the world. READ MORE: North Sea drilling curb plans look mad amid Trump trade threats Mukhesh Sahdev, global head of commodity markets oil at the Rystad Energy consultancy noted the possibility that oil prices could range from the low $60s per barrel towards the mid $70s. 'A correction in supply is likely to be the main theme until demand recovery takes a turn for the better,' he said. However, Mr Sahdev cautioned: 'Ceasefire agreements need to be robust and provide a clear signal to market participants for trading to return to previous levels. 'For now, signals remain uncertain, and geopolitical risks persist, keeping volatility high, even as some progress towards peace is made.' Brent crude sold for around $65/bbl early this month before Israel launched attacks on Iran on June 13. On the outlook for stock markets, Chris Beauchamp, Chief Market Analyst at the IG trading platform, said: 'The pause in the fighting [between Israel and Iran] removes a key worry for investors and puts a sustained rally in equities back on the table. 'There are still hurdles to navigate, most notably the 8 July deadline for trade deals, but for the moment the market thinks that there will be some kind of fresh extension.'
Sky News AU
14-06-2025
- Business
- Sky News AU
‘Bad policy': Former ACTU President Bill Kelty condemns Chalmers super, unrealised gains tax as rancour mounts within Labor ranks
Well-known figure of the Australian Labor movement Bill Kelty has unloaded on the Albanese government, revealing his distaste at the proposed super, unrealised gains tax whilst railing against the excessive levies imposed on small businesses. Labor's plan to double the tax rate from 15 to 30 per cent on super accounts over $3 million is set to dominate the political arena when parliament resumes in late July. The policy, which includes targeting unrealised capital gains has sparked widespread furore from industry magnates, former Treasury and RBA officials and senior economists who have railed against the unprecedented nature of the move. Experts have expressed fierce disapproval of Labor's insistence to target unrealised capital gains, of which are often fleeting and illusory and have stated the policy will undermine confidence in the superannuation industry. Mr Kelty, who served as the President of the Australian Council of Trade Unions from 1983 to 2000 lashed the move as 'bad policy' and said taxing gains that a person had not yet realised in their own accounts was flawed. 'I don't mind taxing people but not unrealised earnings,' Mr Kelty told The Australian. Mr Kelty, who was an influential force in legislating compulsory superannuation alongside former Labor Prime Minister Paul Keating said pursuing unrealised gains would establish a dangerous precedent and undermine the entire concept of super. 'I think taxing unrealised capital gains is bad policy. It distorts the effective tax. Changes your income flows, and if it was on superannuation generally, there would be a revolution about it. It would destroy super.' The ex-trade union boss also attacked Treasurer Jim Chalmers' argument that the changes would only impact 0.5 per cent of superannuants, and argued the policy itself was fundamentally errored in principle. 'If you want to tax rich people in this way, why wouldn't you actually reform the tax system?' Mr Kelty questioned. "This is a circuitous revolution against the rich, is it? It seems a strange thing to do. Bad policy is bad policy – for rich or poor.' Mr Kelty called on the government to instead turn its attention to reforming the mounting tax burden lumped on small businesses and said that operators faced an impossible system to navigate. 'You have got to keep records of this, records of that. You have got to go to your accountant to get depreciation scales for this and that. You have got to keep logbooks for your car. You have got to employ people to collect and maintain all your records. You have got to go to your accountant. You're making $100,000 a year, and $10,000 of that is to try and operate your tax system. Labor has also resisted repeated calls to index the $3 million threshold, with experts despairing that younger Australians would fall victim to the tax due to CPI and wage shifts over the coming decades. The contentious policy is expected to pass both houses of parliament unopposed, with the Greens set to join forces with Labor in the Senate.
The Courier
05-06-2025
- Sport
- The Courier
First pre-season friendly of Neil Lennon's new Dunfermline Athletic era announced
Dunfermline will play Fife neighbours Kelty Hearts in a pre-season friendly. The match is thought to have been mooted as part of the deal that took Michael Tidser from Kelty to East End Park back in January for his short-lived stint as manager. It is the first of this summer's friendlies involving the Pars to be announced. Neil Lennon is scheduled to take his side the short journey to New Central Park on Saturday, July 5, with a 3 pm kick-off. The teams met last season in the SPFL Trust Trophy, with Dunfermline winning 2-1 thanks to goals from Chris Kane and Matty Todd. The Fifers begin their Premier Sports Cup campaign a week later with a glamour trip to face Hearts at Tynecastle. That game, which will feature Derek McInnes' debut competitive match in charge of Hearts, has been chosen for live television. Dunfermline are also expected to also play friendlies on the weekend of June 28/29 as well as the following two midweeks as Lennon prepares his side for his first full season in charge. The former Celtic and Hibernian boss, who took over for the last seven games of last term, recently penned a new two-year deal to stay on at East End Park. Kelty are also under new management, with defender Tam O'Ware being handed the reins permanently after a short stint as caretaker following the departure of Charlie Mulgrew in April. The League One side will also face Kirkcaldy & Dysart on June 28, Broxburn Athletic on July 1 and Clyde on July 8 before kicking off their cup campaign with a trip to Brora Rangers on July 15.
WIRED
22-05-2025
- Health
- WIRED
The Best Sleeping Pads For Campgrounds—Our Comfiest Picks
The following sleeping pads didn't impress us as much as the ones above, but we'd still recommend them if none of the others strike your fancy. Kelty Kush Queen Airbed for $100: This PVC-free queen-sized airbed from Kelty includes a pump that makes inflating a snap (make sure you charge it before you go), and the 6-inch-thick pad is plenty comfortable. It is not an insulated air mattress like the REI above, so it's best for warmer months, but it can double as a spare bed at home. Sleeping Pads to Avoid Not every sleeping pad is a winner. We've tested and run into issues with the following models. Exped Flexmat Plus: What if the cheap, light, and indestructible closed-cell foam mats like the iconic Z-Rest and RidgeRest were … giant? It's a fun idea, but the Exped Flexmat Plus is a noble failure. The problem with this extra-thick, 1.5-inch, closed-cell mat is that, while relatively light, cheap, and indestructible, the foam is hard and spikey. And by 'spikey' we mean that it's literally just spikes that stab you while you sleep. Fans say it requires a break-in period. After six nights on it, reviewer Martin Cizmar begged the dungeon guard for release. Big Agnes Q-Core: Q-Core pads are comfortable out of the box, with impressive R-value and weight stats for the price. However, you should avoid them. The unique offset I-beam construction that makes this pad so light and comfortable is somewhat notorious for failing—which is exactly what happened to Cizmar after about a year of use. In our experience, which other reviews back up, the welds that hold the top and bottom together are prone to popping apart. After adding air, you'll have a large lump that grows over time, and duct tape cannot fix it. Exped DeepSleep: If you're thinking about an inflatable Exped but are not fully committed to shelling out for the MegaMat 10, you may be inclined to try the thinner and cheaper DeepSleep. Don't do it. The DeepSleep is 3 inches thick instead of 4, but you'll feel that inch in your bones. The DeepSleep has rugged 75-denier fabric on top and bottom instead of the soft and stretchy 50-denier polyester you find on the top of the MegaMat and some competitors. The DeepSleep is a sturdy mattress and probably fine for some people, but it's not the Exped experience most sleepers are looking for. Stick with the MegaMat. —Martin Cizmar Klymit Static V2: Klymit's budget inflatable pad is popular with unfussy weekend warriors because of its price point (around $50) and impressive weight (1 pound). In fact, this is why I bought one for my now 10-year-old daughter when we ventured into the backcountry for the first time, with her stuff on my back. She didn't complain, but when I used it for a night, I found it was flimsy and offered comparable cushion and less heat retention than a closed-cell foam pad like the Z-Lite. The Z-Lite weighs a couple of ounces less, and you won't have to worry about puncturing it. The more expensive inflatable beds above are great, but if you're you're looking for a lightweight budget pick, I'd stay with closed-cell foam.
