Lindsell Train Global Equity is underperforming. Should I sell the fund?

first_img See all posts by Edward Sheldon, CFA Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Edward Sheldon, CFA | Friday, 12th March, 2021 Lindsell Train Global Equity is one of the most popular global equity funds in the UK. And for good reason. Since its launch in March 2011, it has smashed its benchmark.Recently however, the fund – which I hold in my investment portfolio – has underperformed. Last year, it only returned 11.7% when its benchmark – the MSCI World Index – returned 12.3% and rival Fundsmith returned 18.3%. Meanwhile, in 2019, the fund returned 19.4% while the index rose 22.7% and Fundsmith returned 25.6%.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Of course, these numbers are still good. A two-year return of 33% is very healthy. However, they’re below the benchmark and below other funds such as Fundsmith.This begs the question. Should I hold on to Lindsell Train Global Equity or switch to another fund?Why has Lindsell Train Global Equity underperformed?To answer that question, let’s look at why the fund has underperformed. I can see three key reasons. Firstly, portfolio manager Nick Train has a very specific investment style. He only invests in what he considers to be ‘very high-quality’ businesses. Quite often, these are companies with powerful brands and a consumer focus.This ‘quality’ approach to investing has worked very well, in general, for much of the last decade. However, like any style, it’s not going to work all the time. For example, recently we have seen a rotation into beaten-up value stocks. Train doesn’t hold these kinds of stocks, and this has contributed to the fund’s underperformance.Secondly, Lindsell Train Global Equity is underweight in the tech sector compared to its benchmark. Train’s top holdings at 28 February were London Stock Exchange, Diageo, Nintendo, and Heineken. The top four holdings in the MSCI World, however, were Apple, Microsoft, Amazon, and Facebook. Over the last few years, Big Tech stocks have done very well. So, this has also contributed to the underperformance.Finally, Train runs a concentrated portfolio – a risk I’ve warned about before. The fund holds less than 30 stocks. This approach can deliver great results when your stocks are outperforming. However, it can also backfire if your stocks are underperforming. That’s because stock-specific risk is higher.Take London Stock Exchange for example – the top holding in the fund at the end of February. This stock recently fell from around £95 to £76. That 20% fall is going to impact Lindsell Train Global Equity significantly because the stock was about 7.6% of the fund at 28 February.Lindsell Train Global Equity: my move nowWhile Lindsell Train Global Equity’s performance has been a bit disappointing lately, I am going to stick with this fund. Ultimately, I like Train’s investment approach and I like the holdings in the fund.I also think it’s a great ‘sleep-well-at-night’ fund. While it may never deliver monster Scottish Mortgage-like returns, it’s also unlikely to crash 30%+ in the space of a month.Having said that, the recent underperformance is a good reminder of the importance of diversification. When investing in funds, it’s sensible to spread money over different funds with different managers and styles.So, while I’m going to hold on to Lindsell Train Global Equity, I am going to ensure I also hold plenty of other funds and stocks as well, to lower my overall portfolio risk. Enter Your Email Address Lindsell Train Global Equity is underperforming. Should I sell the fund?center_img Image source: Getty Images Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Edward Sheldon owns shares in Apple, Amazon, Microsoft, Scottish Mortgage Investment Trust, and Diageo and has positions in Fundsmith and Lindsell Train Global Equity. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool UK owns shares of and has recommended Amazon, Apple, Facebook, and Microsoft. The Motley Fool UK has recommended Diageo and recommends the following options: short March 2023 $130 calls on Apple, long January 2022 $1920 calls on Amazon, long March 2023 $120 calls on Apple, and short January 2022 $1940 calls on Amazon. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this.last_img read more

Wales statement – Toby Faletau and Dan Lydiate

first_imgThe WRU is considering its position in relation to the inaccurate and damaging comments that have been made publicly about the senior Wales national squad screening day. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS The Welsh Rugby Union seeks to clarify and correct an unfair and damaging allegation which has been placed in the public domain regarding the operational procedures within the senior Wales national squad.Widespread reporting and debate has been instigated during recent days following inaccurate statements made by the Head Coach of the Newport Gwent Dragons.The WRU believes it is important to correct the errors implicit in the debate now in an attempt to limit the damage being inflicted on the professional management concerned.The inaccurate premise of the debate is that at least one and possibly two Dragons players were physically damaged when they attended a prearranged Wales squad screening day on Monday, January 3 at the WRU National Centre of Excellence.The incorrect claim made by the Dragons Head Coach Paul Turner is that players Dan Lydiate and Toby Faletau were tested which resulted in Lydiate being injured and Faletau being impaired.The Welsh Rugby Union seeks to point out the following:-All the players who attended the screening day were checked by the squad’s professional staff and a significant number were deemed to be suffering from injuries which meant they were unable to take part in any elements of the session.Dan Lydiate was medically screened and immediately declared unfit. He did not take any further part in the testing.Toby Faletau completed one test of the five arranged for the day. It involved an aerobic check which required him to run for 125 seconds over a circuit of 450 metres.It is the view of the Wales national squad professional staff that an elite athlete should not be impaired, nor should his preparation be affected,  by running for 125 seconds several days before any scheduled game. The screening day did not involve physical contact and was designed, primarily, to review the strength and conditioning levels of players before the RBS 6 Nations Tournament which begins on February 4.The day was scheduled following discussions with all four Regional organisations and the originally agreed day of the event was changed to facilitate operational requirements raised by the Regional organisations.Screening days are common practice for all international squads and involve players who are under consideration for selection.At least one other UK international rugby squad management team hosted a two day training and screening event during the same week as the Wales screening day.Screening days have been held by the Wales senior squad before previous tournaments without any debate terming them “controversial.”The Welsh Rugby Union will raise the issue of the inaccurate comments and the debate about the screening day through the Management Board of the WRU and the four Regional organisations.The WRU Wales team management will continue to arrange and host screening days and will continue to liaise with the relevant personnel at the four Regional organisations and other club teams when arranging screening days.The WRU is formally writing to the Newport Gwent Dragons management regarding this issue. TAGS: Newport Gwent Dragons last_img read more

Video: North Carolina Bishop Curry says future depends on engaging…

first_img Director of Music Morristown, NJ By Mary Frances SchjonbergPosted Nov 18, 2013 AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector (FT or PT) Indian River, MI Rector Knoxville, TN Rector Bath, NC Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Featured Events Youth Minister Lorton, VA Press Release Service The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector Shreveport, LA Canon for Family Ministry Jackson, MS Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Video Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Curate (Associate & Priest-in-Charge) Traverse City, MI Bishop Diocesan Springfield, IL Rector Collierville, TN Video: North Carolina Bishop Curry says future depends on engaging past Rector Albany, NY Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Martinsville, VA Submit a Press Release Rector Belleville, IL Missioner for Disaster Resilience Sacramento, CA Rector Washington, DC Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Associate Rector Columbus, GA Featured Jobs & Calls Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector Hopkinsville, KY An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Associate Priest for Pastoral Care New York, NY Submit an Event Listing State of Racism, Family Ministry Coordinator Baton Rouge, LA Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Submit a Job Listing Assistant/Associate Rector Morristown, NJ Course Director Jerusalem, Israel Assistant/Associate Priest Scottsdale, AZ Tags Rector Tampa, FL Associate Rector for Family Ministries Anchorage, AK This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector and Chaplain Eugene, OR Cathedral Dean Boise, ID Curate Diocese of Nebraska TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Priest-in-Charge Lebanon, OH Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Pittsburgh, PA [Episcopal News Service – Jackson, Mississippi] Diocese of North Carolina Bishop Michael Curry says the past teaches the present that “moral courage” can point the way to right action. Curry spoke during a Nov. 15 news conference before he joined a panel discussion during the opening session of “Fifty Years Later: The State of Racism in America,” a two-day gathering sponsored by the Episcopal Church and the Diocese of Mississippi at St. Andrew’s Episcopal Cathedral in downtown Jackson.– The Rev. Mary Frances Schjonberg is an editor/reporter for the Episcopal News Service. Assistant/Associate Rector Washington, DC Priest Associate or Director of Adult Ministries Greenville, SC New Berrigan Book With Episcopal Roots Cascade Books In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector/Priest in Charge (PT) Lisbon, ME Rector Smithfield, NC Director of Administration & Finance Atlanta, GA last_img read more

Pasadena-based Charitable Trust Makes $500,000 Grant to Westmont College

first_img First Heatwave Expected Next Week Stauffer’s Board of Directors, 1956 Image: Goodcraig.comA Pasadena-based charitable trust is donating a $500,000 grant to Westmont College’s chemistry department to endow their summer research program, a figure which the school matched as a part of the deal.Westmont College is a interdenominational Christian, liberal arts college in Montecito, just south of Santa Barbara.The John Stauffer Charitable Trust, a private foundation that gives grants to hospitals and colleges in California, was established in Pasadena in 1974 under the late John Stauffer Jr.’s will, according to its website.In 2014, the trust listed assets in the amount of $50,797,098, with gifts totalling $1,985,000 that year.The grant given to Westmont College will provide a fellowship stipend for 8-10 students each year to work alongside faculty doing full-time chemistry research.“In a research environment, students see how science really works, a gradual and incremental process of eliminating false explanations in pursuit of better ones,” said Michael Everest, Westmont professor of chemistry, to “It is almost impossible to model this complex process in a typical instructional laboratory exercise during the academic year. If something surprising happens during the summer, the student can do more than merely guess at what might be going on, they can come in the next day and try new experiments to test various hypotheses.”The foundation’s roots are found in 1886 in San Francisco, where a partnership formed between two European immigrants, one of them being the German Stauffer, Sr., to import/export inexpensive raw materials such as ballast and sulfur. The company was incorporated by Stauffer, Sr., who died in 1940 at the age of 78.Stauffer, Jr., the son of the Stauffer, Sr., went on to become the company’s director emeritus and died in 1972. The foundation has since donated to many prominent California universities, such as Caltech, UC Berkeley, Pepperdine, California Lutheran and University of the Pacific. Because of his charitable contributions, several locations are named after him, such as the John Stauffer Science Center at Whittier College and the John Stauffer Chemistry Building at Stanford University. faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Make a comment EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Subscribe Top of the News Your email address will not be published. Required fields are marked * Herbeauty8 Gift Ideas Your New BF Will Definitely LikeHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeautyAre You His Ms. Right? 12 Signs He Thinks You AreHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeautyTips From A Professional Stylist On How To Look Stunning In 2020HerbeautyHerbeauty More Cool Stuff Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday center_img Giving Back Pasadena-based Charitable Trust Makes $500,000 Grant to Westmont College By RON ROKHY Published on Tuesday, August 30, 2016 | 5:30 pm Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. 4 recommended0 commentsShareShareTweetSharePin it Business News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Name (required)  Mail (required) (not be published)  Website  Community News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Villa Esperanza Guild’s “Day at the Races” Supports Individuals with Special Needs

first_imgGatherings Villa Esperanza Guild’s “Day at the Races” Supports Individuals with Special Needs STAFF REPORT Published on Tuesday, March 3, 2020 | 4:32 pm Community News Your email address will not be published. Required fields are marked * Top of the News Herbeauty10 Of The Most Notorious Female Spies In HistoryHerbeautyHerbeautyHerbeauty10 Most Influential Women In HistoryHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeautyDo You Feel Like Hollywood Celebrities All Look A Bit Similar?HerbeautyHerbeautyHerbeauty11 Ayurveda Heath Secrets From Ancient IndiaHerbeautyHerbeauty Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Community News Name (required)  Mail (required) (not be published)  Website  Villa Esperanza Guild held their 22nd annual ‘A Day at the Races’ benefiting Villa Esperanza Services on Saturday, February 29th . This year’s event raised over $62,000 in support of Villa’s Hjelte-Phillips Speech and Language Center and Villa’s Residential and Independent Living programs, two of Villa’s nine programs that assist individuals with intellectual and developmental disabilities. Over 130 guests enjoyed the afternoon which included lunch and prize drawings along with a fantastic day of racing.The benefit chair for this year was Joan Feser, Co-President of the Guild. Committee members included Judi Moore, Co-President of Guild, Connie Ching, Diana Gamble and Nancy Pierson. The Villa Esperanza Guild was formed in 1968 to increase awareness of the needs of individuals with intellectual and developmental disabilities.Villa Esperanza Services, established in 1961, is a nonprofit organization dedicated to the care and education of children, adults and seniors with intellectual, developmental and other disabilities. Villa offers nine programs including a school for children up to the age of 22 years; a Speech and Language Center and Occupational Therapy Clinic providing children, adults and seniors with comprehensive therapies; employment services; day programs for adults; and adult residences in Pasadena.To learn more about Villa’s collaborative approach, log on to EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDScenter_img Make a comment Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Business News Subscribe 118 recommendedShareShareTweetSharePin it First Heatwave Expected Next Week More Cool Stuff Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.last_img read more

People warned not to use antibiotics for Covid-19 symptoms

first_img Pinterest WhatsApp WhatsApp Facebook Twitter Google+ Facebook Nine til Noon Show – Listen back to Monday’s Programme Important message for people attending LUH’s INR clinic RELATED ARTICLESMORE FROM AUTHOR People warned not to use antibiotics for Covid-19 symptoms Google+center_img By News Highland – November 18, 2020 News, Sport and Obituaries on Monday May 24th Community Enhancement Programme open for applications Twitter Loganair’s new Derry – Liverpool air service takes off from CODA People are being warned not to use antibiotics if they have any symptoms associated with Covid-19.As part of European Antibiotics Awareness Day, doctors say the drugs have no impact on viral illnesses and should only be taken when prescribed by a doctor.Consultant Microbiologist, Professor Martin Cormican, also says antibiotics will only remain effective if we don’t over use them:Audio Player Up/Down Arrow keys to increase or decrease volume. AudioHomepage BannerNews Previous articleDonegal lab showcase marine economy innovations at International eventNext articleLetterkenny Chamber reach out to SVP in new initiative News Highland Arranmore progress and potential flagged as population grows Pinterestlast_img read more

Sligo announcement underlines LUH discrimination – MacLochlainn

first_img By News Highland – November 23, 2020 Loganair’s new Derry – Liverpool air service takes off from CODA Twitter WhatsApp Arranmore progress and potential flagged as population grows Google+ A Donegal Deputy has reiterated his belief that Letterkenny University Hospital is being ‘discriminated against’ in terms of funding.It’s after Sligo University Hospital received funding for the appointment of five new consultant posts, with recruitment to start immediately.It’s understood that there’s been a need for these positions to be approved for some time, with the money now in place to begin advertising in the coming weeks.But Deputy Padraig MacLochlainn says while that’s good news for Sligo, he believes people in Donegal are still being treated as second class citizens………Audio Player Up/Down Arrow keys to increase or decrease volume. Community Enhancement Programme open for applications RELATED ARTICLESMORE FROM AUTHOR Twitter Pinterest Facebookcenter_img Publicans in Republic watching closely as North reopens further Google+ Pinterest Facebook Important message for people attending LUH’s INR clinic Previous articleGardai not properly equipped to deal with assaults – O’ConnorNext articleBonner to take time to consider his next move News Highland Sligo announcement underlines LUH discrimination – MacLochlainn WhatsApp Nine til Noon Show – Listen back to Monday’s Programme AudioHomepage BannerNewslast_img read more

Pike County weathering flu season

first_img “We are seeing increased cases in the flu and influenza-like illness,” Dawson said. “Mid-January to mid-February is where we tend to see the highest volume of flu and influenza-like illness.“Most of our cases that test positive have not had their flu shots but, in a few instances, they have had their flu shots and still get the flu or are present with influenza-like illness.”Dawson said in order to reduce the spread of the flu virus, it is important that children and adults do not go to school or work within 24 hours of having fever. Troy falls to No. 13 Clemson Remember America’s heroes on Memorial Day ROAD REBUILD: Resurfacing underway on County Road 7707 The first “Rebuild Alabama” sign is up in Pike County, signifying the first road to be repaved with funds from… read more Pike County weathering flu season Dr. Mark Bazzell, superintendent of Pike County Schools, said he talked Wednesday with Dr. Mark Head, who is in charge of prevention and support services for the county schools, “Dr. Head said he was not aware that absences were much more than usual,” Bazzell said. “We have not received any calls from school nurses that they are seeing excessive absences. So far; so good.”Dr. Lee Hicks, superintendent of Troy City Schools, said every effort is being made to keep the city schools clean and as germ free as possible.“We advise parents and teachers to look out of low-grade fevers,” Hicks said. “So far, we have not seen anything out of the ordinary, not like last year. Right now, things are near normal, so to speak. However, I might be speaking too soon and things could change.” The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Latest Stories Published 9:44 pm Thursday, January 30, 2020 Book Nook to reopen By Jaine Treadwell Pike County Sheriff’s Office offering community child ID kitscenter_img Print Article Of all seasons of the year, the flu season is the most talked about and the most unwelcomed.And, from all indications, it’s still hanging around.Dr. Elizabeth Dawson, Medical Director Charles Henderson Child Health Center, said influenza (flu) seems to be peaking now and a few more weeks of high activity is likely. In the wake of the closing of Opp City Schools this week, Hicks said the State Superintendent of Education has advised that days missed due to school closings will have to be made up.A Pike Liberal Arts Schools representative said absences are up but not significantly and are due to several wintertime illnesses, not specifically flu. Email the author Sponsored Content By The Penny Hoarder You Might Like Plans underway for historic Pike County celebration Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Patriot Health ZoneHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential Health32-second Stretch Ends Back Pain & Sciatica (Watch)Healthier LivingThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel Skiplast_img read more

Jim Beam warehouse containing 45,000 barrels burns — but your bourbon supply is safe

first_imgLuke Sharrett/Getty Images(WOODFORD COUNTY, Ky.) — A 45,000-barrel Jim Beam warehouse in Kentucky caught fire late Tuesday night.No injuries were reported in the blaze in Woodford County, and firefighters from four counties kept the blaze from spreading to nearby buildings.Now — what about the bourbon?!?“The warehouse that was destroyed contained 45,000 barrels of relatively young whiskey from the Jim Beam mash bill,” Beam Suntory said in a statement to ABC News. “Given the age of the lost whiskey, this fire will not impact the availability of Jim Beam for consumers.”Firefighters were allowing the warehouse to continue to burn Wednesday morning out of concern that dousing the debris with water could cause contaminated debris to flow into a nearby creek, a tributary for the state’s drinking water.“At this point, the environmental considerations are priority, because the fire’s done what the fire’s going to do,” Drew Chandler, director of emergency management for Woodford County, told ABC.It was unclear what caused the fire, though the statement from Beam Suntory referenced early reports of a lightning strike.Officials say the fire is still too dangerous to begin investigating the cause.“The fire’s been too big and too hot to get an investigator in to begin that process,” Chandler said, “so anything is speculative at this point.”Though the area is crowded with bourbon distilleries, fires are “thankfully, a fairly rare occurrence,” Chandler told ABC, adding that the last one he could remember was at the Wild Turkey facility nearly two decades ago.Copyright © 2019, ABC Radio. All rights reserved.last_img read more

The search for seismic signatures of movement at the glacier bed in a polythermal valley glacier

first_imgA passive seismology experiment was conducted across the main overdeepening of Storglaciaren in the Tarfala valley, northern Sweden, to investigate the spatial and temporal distribution of basal microseismic waveforms in relation to known dynamics of this small polythermal sub-arctic glacier. The high ablation rate made it difficult to keep geophones buried and well coupled to the glacier during the experiment and reduced the number of days of good-quality data collection. The characterization of typical and atypical waveforms showed that the dominant waveforms were from near-surface events such as crevassing. Waveforms resembling basal microseismic signals were very rare, and seldom observed on more than two seismic stations simultaneously. The analysis of waveforms, amplitudes and particle motions suggested a near-field origin for most events. Even though basal sliding is known to occur in the overdeepening, no convincing examples of basal waveforms were detected, suggesting basal microseismic signals are rare or difficult to detect beneath polythermal glaciers like Storglaciaren. We discuss the reasons for failing to locate basal signals, consider the origin of common waveforms and make recommendations for setting up passive seismology experiments on glaciers with high ablation rates.last_img read more