Four climate cycles of recurring deep and surface water destabilizations on the Iberian Margin

first_imgCentennial climate variability over the last ice age exhibits clear bipolar behavior. High-resolution analyses of marine sediment cores from the Iberian margin trace a number of associated changes simultaneously. Proxies of sea surface temperature and water mass distribution, as well as relative biomarker content, demonstrate that this typical north-south coupling was pervasive for the cold phases of climate during the past 420,000 years. Cold episodes after relatively warm and largely ice-free periods occurred when the predominance of deep water formation changed from northern to southern sources. These results reinforce the connection between rapid climate changes at Mediterranean latitudes and century-to-millennial variability in northern and southern polar regions.last_img

What are we going to do with tourism?

first_imgSo let tourism live. If only Croatian food products were consumed in tourism, every inch of this country would be processed. Why isn’t that so? So we hear that tourism will make us servants, that industry should be the mainstay of the economy, that tourism will make our city centers die, and that it is not good to rely on a branch that can be stopped by “one bomb” or “one tanker”. This country in the current situation should have three strong pillars: tourism, agriculture and a clean high-tech industry in which we already have excellent examples of world potential. And the development of any other industry is more than welcome. Tourism will certainly not put their feet up. And the guests started coming. Tourism is an industry, and what kind. Tourism is the driver of other clean industries. And it is especially the driver of agriculture. Our tourism is a consequence of the discovery of Croatia by guests from all over the world. They discovered Croatia, which they had never heard of before. They recognized this pearl of the world, the recognizability of which is mostly due to the little people who, with their positive stories about Our Lady, introduced the world to its beauties. A special role in this was played by our best tourism players, athletes, who were our tourism ambassadors at various world sports competitions. And there is no tourist fair, campaign, or advertisement, which can even closely present Croatia as their matches and successes. Author: Miki Bratanić / Cover photo: But as it usually happens in us, as soon as something is good, that good seems to come into the focus of those who do not want anything good to be in us.  Some say that tourism has happened to us, but nothing happens by itself, and especially not tourism.  We are also afraid of the death of cities due to tourism, and cities and villages are dying in large numbers for years, precisely because there is nothing for people to live on, so they go abroad. center_img The mentioned shipbuilding is a big driver of other productions, such as steel or various other equipment needed to equip the ship, and it would be nice if the whole production chain was ours. Then it would make sense to invest in shipbuilding. But unfortunately this is not the case, because the share of our domestic raw materials and final products in our ship is small, so it is legitimate to ask which production we encourage or protect with the old shipbuilding model, which drowned large amounts of state money in the industry?  Organic food production in the world has long been a lucrative business, and the Mediterranean diet is a UNESCO protected cultural heritage site. Our health, religious, congress and sports tourism are miserable, not to mention cultural tourism that would revitalize our heritage. We did not use even 5% of our resources for tourism. Now everyone has finally seen that tourism has happened and it no longer matters why and what happened. They invest, they build, they advertise, and money spins and people finally start making a living from something. And if someone is worried about the high share of tourism in GDP, let them look at the share of employees in the state budget in relation to all other employees. Perhaps it would be good to compare ourselves a little with other countries and try to reduce that disparity a little. They did not come as before only to destinations by the sea, to the islands or Dubrovnik, but all over Croatia, to the cities through which guests used to just pass, in transit. The first to react to the tourists and get started were again the little people, who quickly adjusted to the demand and offered their modest resources for accommodation and various services. They rearranged apartments, houses, cottages, raised the level of quality and joined the world movements. The big system was still asleep when the number of apartments in my Split doubled. Along the way, everyone forgot how the villages died when socialism began the process of industrialization, which was often out of the question, because in some of our most beautiful areas the hardest and most dangerous industries were inserted, from which we will not recover for a long time. even today.   And thanks to the Internet, social networks and especially digital camera technology, which has become available to everyone, images from Croatia have slowly begun to travel around the world.   And finally, a comment on the fear that tourism will fail in the case of “one bomb” or “one tanker”. The biggest terrorist attack that took place in New York by destroying the Gemini did not reduce the number of tourists in that city by a single per mille, on the contrary. And as for the danger of an ecological catastrophe by spilling oil into our seas, let the state pass laws that will reduce the possibility of such a catastrophe to zero in advance, and let them finally devise and develop tourism 365 that will not depend only on the sea.  So we have as much room for progress in tourism as we want, so we should not be afraid. On the contrary, tourism as an industry should be protected and invested in. And one wonders why a receptionist, waiter, cook, or private landlord are servants? Are the welder, the reinforcer, or the turner in shipbuilding masters?last_img read more

Semen Indonesia expects double-digit contraction in cement demand this year

first_imgASI data also show that sales of cement bags, commonly used by retail customers, accounted for 76.4 percent of the total cement sold during the first half of the year. Adi also said that Semen Indonesia would maximize the use of its production facilities in Indonesia and abroad to meet the demand.“We are focusing on integrating our business with PT Solusi Bangun Indonesia and unlocking our full potential,” he said.Semen Indonesia acquired 6.18 billion shares in publicly listed Solusi Bangun, previously Holcim Indonesia, from Dutch cement maker Holderfin BV in 2019.As for the company’s financial performance this year, the firm’s finance director Dody Diniawan said it would all depend on cement sales during the second half.“If sales in the second half are flat, we expect that our performance in the first half would continue until the end of this year,” he said.Semen Indonesia’s profit grew by 26.34 percent yoy to Rp 612.47 billion (US$42 million) in the first half of the year despite revenue contracting 1.9 percent yoy to Rp 16.03 trillion.Mirae Asset Sekuritas analyst Mimi Halimin wrote in a research note dated Aug. 10 that the worst time for the company had passed.“We believe that the weak performance in the second quarter will be the worst performance for this year, and we still expect a recovery in the third and fourth quarters of this year,” she said in her research note.She said the large-scale social restrictions (PSBB) the government implemented from April to June to curb the spread of the coronavirus had been suppressing cement demand.She projected that the company’s revenue would reach Rp 38.6 trillion and profit Rp 2.6 trillion this year, thanks to extensive efficiency efforts.In 2019, the company had booked Rp 40.3 trillion in revenue and Rp 2.39 trillion in profit.The analyst’s statement was echoed by Semen Indonesia senior vice president group head of finance Andriano Hosny Panangian, who stated that the company would ensure that its raw material and operational costs remain efficient during this pandemic. In the first half, it has pushed down the cost of revenue by 4.1 percent yoy.It would also continue to aggressively lower its debt, so that it could lower its financing cost and achieve profit growth this year, he said.As of June, Semen Indonesia recorded a 24.7 percent decline in short-term debt of Rp 910.92 billion compared to the end of 2019. Its long-term bank loans also declined by 4.9 percent to Rp 16.78 trillion in the same period.The company’s aggressive repayment efforts since 2019 resulted in a fall in financing cost by 20 percent yoy to Rp 1.2 trillion.“We would also use our capital expenditure [capex] for essential purposes only to ensure all-round efficiency,” Andriano said, adding that the company had used Rp 600 billion of its Rp 1 trillion capex allocation as of June.Semen Indonesia’s shares, listed on Indonesia Stock Exchange (IDX) under the ticker code SMGR, have lost 11.9 percent since the beginning of the year. On Friday at 1:09 p.m., their were trading down 0.94 percent at Rp 10,575 apiece. Indonesia Cement Association (ASI) data show that nationwide cement demand fell to 12.52 million tons in the period of April to June, down from 13.75 million tons in the same period last year.Cement sales in the first half of the year have dipped 7.72 percent year-on-year (yoy) nationwide to 27.1 million tons, according to the association’s data.Despite the slowdown, Adi said, the company was looking to tap into other opportunities to boost sales, including the retail housing market.“We see an uptick in cement bag sales during the first half of this year as home renovation is on the rise during this pandemic,” he said. State-owned cement producer PT Semen Indonesia expects domestic cement demand to contract by 13 to 15 percent this year.The company’s marketing and supply chain director, Adi Munandir, said on Wednesday that the projection was based on the delay in private construction projects and the government’s infrastructure development as a result of the COVID-19 crisis.“This has caused cement demand to contract by 8.8 percent in July, and we expect this slump will continue until the end of the year,” he said during a virtual press briefing.center_img Topics :last_img read more