Aviation: Montana Tech Components offered partnership with Premium Aerotec

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The company Montana Tech Components owned by Austrian investor Michael Tojner held discussions about Premium Aerotec.

The Swiss company Montana Tech Components of the Austrian investor Michael Tojner was interested in a development partnership with the aerospace supplier Premium Aerotec. The company reports.

Montana already owns four aerospace companies in the Aerospace division. These are based in the Switzerland, the USA and in Austria.

Conversation with economic policy makers

Montana Aerospace has been a supplier for aircraft manufacturers such as Boeing and Airbus for many years, but also for companies such as Premium Aerotec, said a spokesman for our editorial team. “From this successful cooperation and the position of Montana Aerospace as a stable employer in Germany, a basis for discussion with the economic policy makers of the Federal Republic and the federal states. “

Read now: Today's edition of your daily newspaper as an e-paper.
Read now: Today’s edition of your daily newspaper as an e-paper.

The big economic challenge is to support the aerospace companies in Germany in the current difficult situation in order to be able to keep jobs and innovation at the location.

“Montana Aerospace took an active part in this process, but it was never about a company acquisition, but about getting involved as a development partner of Premium Aerotec,” said the spokesman.

Montana Tech Components also owns large shares in the battery manufacturer Varta.

Listen to the planned downsizing Premium Aerotec also our podcast from July:

Read also: Premium Aerotec: Dispute over job cuts at Airbus subsidiary in Augsburg

We want to know what you think: Die Augsburg General therefore works with the polling institute Civey together. Read here what the representative surveys are all about and why you should register.

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A tourist died when he fell when trying to descend a mountain in Santo Domingo de los Tsáchilas

October 10, 2020 11:40 AM

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The heavy rains that were recorded in the Unión del Toachi sector, in the Alluriquín parish of Santo Domingo de los Tsáchilas, They hindered the descent of 17 Quito tourists who climbed up to the seven waterfalls in the area.

The Special Operations Group of the National Police (GOOD) and the Santo Domingo Fire Department came to the rescue on October 9, 2020, after an emergency call to ECU-911. To get to these waterfalls you have to climb a mountain, about 36 meters high.

According to the Santo Domingo de los Tsáchilas Fire Department, one of the 17 tourists died after falling down the pending of the mountain. The body was transferred to the Santo Domingo forensic center. The others tourists were catered by paramedics and they are stable.

Hugo Parra, from the Fire Department, pointed out that the tourists did not go with the guides, which are in the sector; for that reason, they had difficulty getting down to a stable zone.

The Municipality called on the citizens to take precautions when doing this type of walk to avoid accidents.

One of the recommendations is that they hire a tour package with an agency or tour operator, with certified guides. In addition, they should wear suitable sports clothing and shoes for climbing and protective equipment, especially if the descent will be done with ropes.

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US state of Montana – America’s Wild West is Trumpland

Helena It actually looks like the old western films here. If you drive through Montana, you will be accompanied by the sight of grazing bison and cows. Cattle skulls hang on the wooden archways that adorn the entrances to the ranches. Horses gallop over seemingly endless meadows, posters on the roadside advertise rodeos.

In the small towns, houses still look like they did in gold rush times, with a veranda in front of the entrance and a raised facade. At any moment, Clint Eastwood or John Wayne might step out of one of the saloons.

In Montana, America is still as original as in few other places. One million people and 2.6 million cattle live in an area the size of Germany. “Last best place” is one of the state’s slogans, and in fact a lot is different here than in the rest of the USA: There is no sales tax, the gun laws are among the most lax in the country.

Back then, as now, bounty hunters hunt down defaulting defendants who have been released on bail. Thanks to open-range laws, cattle can graze wherever they want. There was no speed limit until the end of the nineties, the highway was nicknamed “Montanabahn”. Even today, the speed limit of 80 miles (130 kilometers) per hour is still as high as in only a few other states.

And anyone who takes the view here that the President’s Covid 19 infection also symbolically indicates a general failure of his corona crisis management is expressing a clear outsider position.

Grizzly bears come up to the front gardens

No, the excitement of the metropolises in the east is of little value here, in this place of extremes. The continental divide divides Montana into a flat, steppe-like east and a green, mountainous west. In winter the land sinks under a meter-high blanket of snow, in summer it dries up under the scorching sun. In some places, grizzly bears, wolves and pumas reach the front gardens.

Conversation partners often tell you in the second sentence how many generations their family has lived in Montana for. “People are incredibly proud that they not only survived in such an extreme place, but that they built something here,” said David Parker, political scientist at Montana State University.

The harsh environment welds people together: If you stop for a photo at the side of the road, it is very likely that a concerned motorist will stop and ask if you need help.

The locals frowned upon the many newcomers from Oregon, California and Texas – they only drove up property prices and did not understand anything about the “values ​​of Montana”, it is said again and again. “Micronational pride is very strong,” says the political scientist Parker with a laugh about his adopted home.

Many spare no effort for Trump

That national pride may also explain why Montana is not just the land of cowboys, but Trump supporters too. The flags with the name of the president are part of the landscape in the Bitterroot Valley, just like churches and gun shops.

Here, in the very west of Montana, steep mountain ranges line the valley with the lush green meadows through which the Bitterroot River meanders. Tourists come for fly fishing, hiking and hunting. The local brewery advertises with the “last good beer” based on the Montana motto.

Flags with Trump’s slogans “Make America Great Again” and “Keep America Great” fly in front of countless houses. On a mountain hill just before the small town of Lolo, someone wrote his name in huge letters on a bare mountain slope. Many spare no effort for Donald Trump.

Randy Monrean is sitting in a folding chair at the edge of Highway 93, which runs through the Bitterroot Valley. The sun has heated the asphalt like a stove, cars race by, but Monrean rests like a rock next to his pick-up truck. He wears the president’s red cap on his head, and two flags are waving from his Ford – the American one and one with the slogan “Trump 2020”.

Randy Monrean takes a roadside position for President Trump in the Bitterroot Valley. He waves the book that he is reading: “1984”, the dystopian novel about how politicians twist the truth. “You should read that, it’s very topical,” he calls out to the reporter.

Every morning and afternoon, Monrean advertises Trump for a few hours. “If in the end I won one or two voters for him, then it was worth it,” he says. Much persuasive work does not seem to be necessary, drivers passing by honking him appreciatively.

Election campaign for Donald Trump

Randy Monrean sits on the side of the road in Bitterroot Valley and shows his political views. He is a staunch supporter of the incumbent US President, like so many others in this state.

(Photo: Marie-Astrid Langer)

Monrean used to work as a pipe fitter, was a union member and voted for the Democrats. But the party has changed, he says, now they only hand out social benefits. What he likes best about Trump is that he has promised to “drain the swamp of Washington, in both parties”.

The list of his successes is long: Trump is tough on China, investing in the military, ending senseless wars, and has relocated the Israeli embassy to Jerusalem. “Better ask me what he has not yet achieved!” Monrean is not bothered by the constant Twitter messages either, “I even like that because it excites the media so much”.

That President Trump won Montana in 2016 was not surprising: the state has been voting reliably for the Republican presidential candidate for decades. Only Democrat Bill Clinton narrowly won here in 1992.

However, it was remarkable how clearly Trump won here: by more than 20 percentage points – much more than recently recorded by the Republican contenders Mitt Romney and John McCain. It seemed like Trump was speaking from the heart of the people of Montana.

And it still does today. Like few other presidents, Trump knows how to signal to the people of rural America that he has not forgotten them in Washington. In 2018 alone he visited Montana four times and plans to come back in October to support his candidate for the Senate. Monrean has also attended one of Trump’s notorious rallies in the capital Helena. Even today he struggles for words to describe the atmosphere there. “The feeling of community was completely surreal.”

Freedom of the individual

The euphoria for Trump is equally overwhelming in Hamilton, the largest city in the Bitterroot Valley with 5,000 inhabitants. Giovanni Cidranes stands behind the counter in the Second Amendment Gun Store, a sturdy man with a bald head, three-day beard and black-rimmed glasses. Nobody wears a mask in the shop, even though the governor has made mask compulsory.

Cidranes doesn’t like it when others tell him what to do – or what weapons to own. “We in Montana believe in individual freedom and the smallest possible government,” he says.

It is important to him that the president protect the second amendment to the constitution, i.e. the right to own weapons. Trump is doing that, says the 55-year-old, and he is also otherwise very satisfied: the economy has risen to new heights, and health care has improved for veterans like him.

Shelli Evenson is still enthusiastic about Trump. The native British sells fodder in the Lakeside Store. What she values ​​most about Trump is his patriotism. “He doesn’t do all of this for himself, what does it get for him? He believes in our country and does what is best for us. “

Trump also enjoys strong support among Montana’s ranchers. As the backbone of the economy, they are a key group among Montana’s voters. Cattle breeding means backbreaking work in the rough nature, but Rex Radtke made a conscious decision for this life when he and his brother Brad took over their father’s farm eighteen years ago.

“We are the fourth generation to run them,” says Radtke. “I won the lottery when I was born in America and the bonus number because it was here in Montana.

Traditional cattle ranchers

Rex Radtke (in the foreground) and his brother Brad run their ranch in the fourth generation.

(Photo: Marie-Astrid Langer)

It is early morning in Hall, a small town in the neighboring valley of the Bitterroot Valley. The first rays of sunshine climb over the hills and bathe the lush green meadows in orange light. Radtke wears a white cowboy hat, jeans and sunglasses; he is sitting in his pick-up truck and throws a portion of chewing tobacco into his mouth.

The American flag is emblazoned on a coffee mug on the dashboard. Today he and his brother will weigh almost 300 calves and prepare them for transport; in the milder winters of Washington state, they should reach their slaughter weight.

Brad and his wife are already riding towards him and driving the calves on their horses in the direction of the Radtke ranch. The family has a large ranch for the conditions in Western Montana, where – unlike in the barren east – the meadows are green and the land is therefore expensive.

Rex Radtke doesn’t want to read in the newspaper how big his farm is – otherwise everyone can work out how much the ranch is worth. The Radtkes hardly own any cattle themselves, but let other cattle graze on their property. For every pound of weight they gain, they get a bonus.

This is likely to be larger than expected today: The one and a half year old cattle have put on more than 400 pounds in the past few months. Radtke happily readjusts the weights of the cattle scales on which he weighs the cattle in small groups.

A veterinarian attests that the cattle are healthy before they trot into the transporter. Another farmer checks that all calves have the correct branding.
Regulation has been increasing for years, Radtke later said over beer and burgers, “in recent years the paperwork has felt tenfold”.

He wants politicians who shut down the regulation again, “we don’t need a nanny state”. Like other ranchers, Radtke is also hoping for a trade agreement with China, where the demand for first-class American beef is huge.

The Radtkes are happy with the president. “He has achieved a lot,” says Brad Radtke. Trump is an egocentric, but also a “go-getter”, that is, determined. He used to vote for the democratic candidate in the congressional elections, says Brad Radtke, but now the party is drifting into socialism, which bothers him a lot. He also mockingly inquires what is thought of the alleged “systemic racism” and the proposal to cut the police’s resources.

0.4 percent African American

As many supporters Trump has in Montana, there are exceptions. Eddie Smith is standing on the rifle range in Hamilton watering the meadows. The older man is one of just 0.4 percent African American in Montana; hardly any state has a larger white population.

Smith moved here from Kansas City in 1975, “I can’t imagine living anywhere else,” he says. But he has learned not to talk about politics with the people here – as a democrat and black he is in the minority. “The rules for whites and blacks are different in this country.” Smith believes Joe Biden will be a good president. Instead of discussing, he goes to vote.

More: The failed president – is America threatened with decline?

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The naked mountain. First winter ascent to Nanga Parbat

“What do I do, what do I do, what do I do? … pamba !, book. I would sit in front of the computer at daybreak and it would hit me at five in the morning. As I am telling you. A motivation that I got from where there was none. And I assure you that I did not write to write. ” Alex Txikon about his book The naked mountain. First winter ascent to Nanga Parbat. A work that puts the finishing touch on the feat that, on February 26, 2016, she starred in with Ali Sadpara and Simone Moro. The three climbers reached the summit at Nanga Parbat (8,125 m) twenty-eight years after the first winter ascent attempt by the Polish expedition led by Maciej Berbeka, in the winter of 1988-89.

“I think there are people who are genetically programmed to want to go places. Get out of the house and explore. You have to feel comfortable losing that connection with the people you leave behind. ” Mars is a series of Netflix that mixes documentary and fiction. The phrase is from John Grunsfeld, Associate Administrator of NASA. Listening to her, I remembered the conversations I had with Alex during the thirteen days and his freezing nights, which I shared with him at Everest Base Camp. It was his second winter ascent attempt, in February 2018. Alex may be programmed to want to go places. Tackling challenges away from their environment, from their daily lives, with an incomprehensible, for many, a requirement of extreme difficulty and risk.

The Naked Mountain is the result of a confinement – confinement they call it with the purpose that the words mask the harshness of reality. “A couple of years ago I began to organize the notes and memories of the expedition to Nanga Parbat, Alex remembers. I did it without a clear idea. It was a first approach to the challenge of writing a book. I went back to see the photos, the videos . The truth is that it gave me vertigo to start writing about that experience. Will it like it, won’t it? Without the confinement, I would not have been able to dedicate the necessary time. It has been key. Has been the wick“.

Manuscript notebooks of the Naked Mountain.  (Photograph by Alex Txikon)
Manuscript notebooks of the Naked Mountain. (Photograph by Alex Txikon)

A few days ago Alex told me that the book would be presented in Bilbao on October 5 and we were chatting about the process of preparing the text. Your sensations. That inner strength, the “wick” that the confinement meant and that removed those arrests that lead him to the summit of Nanga, as well as to face the fear that loneliness produces in front of the blank page. If you want to narrate a life experience, to the limit, you know that those pages have to contain feelings, well-written truths. It is more difficult than putting words together. “I wasn’t writing to write,” Alex insists. “I would like it to be a book made with love and to accompany you, that you can take it on a trip”. The SUA publishing house has produced a careful edition that will be distributed in Spain -RCS and will be published in Italy. The paragraphs of the book reproduced below are courtesy of SUA.

The naked mountain

“The news of his disappearance reached us while we were at K2 base camp: Tom Ballard and Daniele Nardi, who were trying to climb Nanga Parbat, had not communicated with the base camp for several days. The last time they had managed to talk to them was on February 24. Since then, nothing. Five days had passed.

They were attempting to complete the winter ascent to Nanga up the Mummery spur. They wanted to climb as fast as possible to exceed 6,300 meters, in order to be out of the seracs drop zone, that is, to reach an area of ​​the spur where the risk of avalanches was lower. The road in question was dangerous, very prone to avalanches.

When I had news of what happened strange sensations were mixed within me ”.

(…)

(Photograph by Alex Txikon)
(Photograph by Alex Txikon)

“After half an hour of fighting with the snow, we stopped to take a break and comment on the obvious, that getting to field II was going to cost us much more than expected. Simone suggested that perhaps we should head to the center of the corridor to look for less snow accumulation and thus progress more quickly. The fixed ropes were buried under the snow so we dispensed with them. We listened to Simone and moved diagonally towards that central area. The conditions improved and we ended up completely to the left of the corridor, where we were able to advance at a very good speed, but under the threatening gaze of the great serac of the Kinshofer route, which was about six thousand meters away. To tell the truth, I didn’t like what we were doing at all. “

(…)

Arrival at the summit

“A few moments after Ali I arrived. Curiously, I did not feel happiness. At no time did that supposed feeling of greatness, triumph, euphoria invade me. But I do remember as if it were today, vividly and very clearly, that I had I really wanted to be next to the kerosene stoves at base camp. Ali and I hugged, although without great emotions, it was too cold, it was terrifying conditions, very very harsh. There we were at last, both on our knees, looking out over the Diamir Valley. “

The naked mountain. First winter ascent to Nanga Parbat

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NFL Legend: How Joe Montana Prevented His Grandson From Being Kidnapped

Sport NFL Legend

How Joe Montana prevented his grandson from being kidnapped

| Reading time: 2 minutes

out and about for Celebrity Candids - TUE, , New York, NY April 10, 2018. Photo By: Derek Storm/Everett Collection

Joe Montana threw passes to 273 touchdowns in his career. At the earliest possible point in time, five years after the end of his career, he was elected to the Hall of Fame in 2000

Quelle: pa/Everett Colle/Derek Storm/Everett Collection

Joe Montana and his wife Jennifer lived through bad minutes. A woman broke into her villa in Malibu. She wanted to kidnap her nine month old grandchild. But the two could thwart that.

KShortly before midnight, Joe Montana gave the all-clear. The quarterback legend of the NFL announced that it was a “scary situation”, but he was grateful “that everyone is fine”. Hours earlier, he and his wife, Jennifer, thwarted the kidnapping of their nine-month-old grandchild.

As the Los Angeles County Sheriff’s Department announced, the grandparents had taken care of the child in their Malibu property. It slept in a playpen. A woman entered the villa; as it turned out later when she was arrested, the perpetrator was Sodsai D. The investigative authorities have not yet given any further details, as the case is still being investigated.

According to the police department, she had grabbed the child and held it in her arms when Montana and his wife discovered her. Both tried to “de-escalate the woman,” as the investigation report said, to lull her into safety.

Sodsai D. was arrested after escaping

Montana and his wife swore D. to give the baby back. But the situation is said to have escalated, but in the turmoil, Montana’s wife was able to snatch the baby away from the woman and bring it to safety. Sodsai D. was able to escape, but was later arrested by the police.

Joe Montana with his wife Jennifer

Joe Montana with his wife Jennifer

Quelle: Getty Images/Kelly Sullivan

The 64-year-old Montana was one of the most formative players in the NFL as a quarterback in the 80s and early 90s. Considered one of the best in league history, he won the Super Bowl four times with the San Francisco 49ers and was named best player of the finals three times. In 1994 he ended his career. His strong nerves are legendary and often led his team to success even in seemingly hopeless situations.

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Montana prevents grandchildren kidnapping

Munich – Joe Montana is without question a hot candidate for the “Grandpa of the Year” award. Because according to “TMZ Sports” the quarterback legend prevented the kidnapping of one of his grandchildren. He himself confirms this indirectly.

According to the report, a 39-year-old woman is said to have entered the Montana home in Malibu, apparently the door was not locked. She then tried to take the grandchild with her, but Montana and his wife Jennifer put them in the house.

Tussle over the grandchild

This led to a tussle, as a result of which Montana was able to snatch his grandchild from the woman. The incident occurred on Saturday afternoon. The currently unidentified woman was arrested for kidnapping and burglary according to “TMZ” after she was initially able to flee. The Montanas have four children, daughters Elizabeth and Alexandra and sons Nate and Nick.

Montana confirmed an “uncanny situation” via Twitter on Sunday, but did not elaborate on the events with reference to privacy.

Montana was drafted by the San Francisco 49ers in 1979 and won a total of four Super Bowls with the team in the 1980s. The now 64-year-old was three times the Super Bowl MVP.

Do you want the most important NFL news, videos and data directly on your smartphone? Then get the new ran app with push notifications for the most important news about your favorite sport. Available in the app store for Apple and Android.

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Montaña Central Leonesa refuses to “mortgage the mountains” to build wind farms

The Platform for the Future of the Central Mountain of Leonesa holds a meeting with entities opposed to the projects of wind farms for the Mountain of León. In the image, the president of the platform, Esther Domínguez. / Campillo / ICAL

Miriam Badiola / ICAL
| 09/27/2020 – 1:05 p.m.

The Platform for the Future of the Central Mountain of Leonesa showed once again this Sunday its rejection of the wind farm projects for that area, considering that “they do not want to mortgage the mountains or replace their economic use by a monopoly of multinationals who want exploit a single resource and make the area exclusively dependent on a single company or a single resource “, according to one of its representatives, Sergio Díez.

This was pointed out by the representative of the Platform for the Future of the Central Mountain of Leonesa during the celebration in Pedrún de Torío of a meeting of 25 groups and entities of the province, from different areas, both social, educational, sports and ecological that have decided to join together to “be able to work together against the installation of wind projects in the Leonese mountain” and that in today’s meeting they decided to “set a roadmap to work together”.

“We are not against wind energy, it seems very necessary to us, but in addition to being renewable we remember that it also has to be sustainable, for which it has to be an energy that cannot be located anywhere, but has to cause a minimum impact on the environment “, explained Sergio Diez, while pointing out that” the mountain areas in which the macro-wind farms are projected are not the ideal ones “, which is why” they have generated a rejection in the population very important”.

Campillo / ICAL

For this reason, he considered it “essential” that the administrations “take into account that if these projects do not arise from the inhabitants themselves, the territory must be very aware that they are multinationals that come to plunder the resources in some way”, which is why that “they do not have the approval of the inhabitants.”

An approval that is not available because, according to the representative of the Platform, “what is not wanted is to mortgage the mountains, one of the main values ​​that we have, during the 30 years that the concessions of the parks “, since in addition” the areas are used as economic use at the level of pastures, livestock and other types of activities such as tourism, which today generates a fabric that is true that it is small and should be promoted “, but” very diverse “which” is not to be replaced by a monopoly of multinationals that want to exploit a single resource and make the area exclusively dependent on a single company or a single resource “.

Diez recalled that “there are many cases at the national level and in the province of León itself of what this type of monopolies mean in the end the day that companies decide to close and disappear because they are no longer profitable”, so that “the inhabitants become they are once again in an empty territory and without resources “and” they would throw away the last 15 years in which they are working to diversify the economic offer “.

For all these reasons, Sergio Diez set his sights on the actions taken by the Platform at the moment in which the administrative process of the wind farm projects begins in order to present allegations. For this reason, from the Platform for the Future of the Central Mountain of Leonesa, informative talks are being held in different parts of the province, while keeping an eye on these deadlines to start legal processes.

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Montaña Central Leonesa refuses to “mortgage the mountains” to build wind farms

The Platform for the Future of the Central Mountain of Leonesa holds a meeting with entities opposed to the wind farm projects for the Mountain of León. In the image, the president of the platform, Esther Domínguez. / Campillo / ICAL

Miriam Badiola / ICAL
| 09/27/2020 – 1:05 p.m.

The Platform for the Future of the Central Mountain of Leonesa showed once again this Sunday its rejection of the wind farm projects for that area, considering that “they do not want to mortgage the mountains or replace their economic use by a monopoly of multinationals who want exploit a single resource and make the area exclusively dependent on a single company or a single resource “, according to one of its representatives, Sergio Díez.

This was pointed out by the representative of the Platform for the Future of the Central Mountain of Leonesa during the celebration in Pedrún de Torío of a meeting of 25 groups and entities of the province, from different fields, both social, educational, sports and ecological that have decided to unite to “be able to work together against the installation of wind projects in the Leonese mountain” and that in today’s meeting they decided to “set a roadmap to work together”.

“We are not against wind energy, it seems very necessary to us, but in addition to being renewable we remember that it also has to be sustainable, for which it has to be an energy that cannot be located anywhere, but rather has to cause a minimum impact on the environment “, explained Sergio Diez, while pointing out that” the mountain areas in which the macro-wind farms are projected are not the ideal ones “, which is why” they have generated a rejection in the population very important”.

Campillo / ICAL

For this reason, he considered it “essential” that the administrations “take into account that if these projects do not arise from the inhabitants themselves, the territory must be very aware that they are multinationals that come to plunder the resources in some way”, which is why that “they do not have the approval of the inhabitants.”

An approval that is not available because, according to the representative of the Platform, “what is not wanted is to mortgage the mountains, one of the main values ​​that we have, during the 30 years that the concessions of the parks “, since in addition” the areas are used as economic use at the level of pastures, livestock and other types of activities such as tourism, which today generates a fabric that is true that it is small and should be promoted “, but” very diverse “which” is not to be replaced by a monopoly of multinationals that want to exploit a single resource and make the area exclusively dependent on a single company or a single resource “.

Diez recalled that “there are many cases at the national level and in the province of León itself of what in the end this type of monopolies suppose the day that companies decide to close and disappear because they are no longer profitable”, so that “the inhabitants They are once again in an empty territory and without resources “and” they would throw away the last 15 years in which they are working to diversify the economic offer “.

For all this, Sergio Diez set his sights on the actions taken by the Platform at the time the administrative process of the wind farm projects begins in order to present allegations. For this reason, from the Platform for the Future of the Central Mountain of Leonesa, informative talks are being held in different parts of the province, while keeping an eye on these deadlines to start the legal processes.

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Roller coaster towards a very volatile end of the year in the Stock Market | Markets

We are not talking about black swans about the future of the Stock Exchanges. At the moment there are no surprises like the one used by the economist Nassin Nicholas Taleb to develop this theory when it was discovered in the seventeenth century that black swans existed in Australia. The financial world faces a very specific calendar of uncertainties: the evolution of Covid-19, Brexit or the US elections in November. These certainties are mixed with the evolution of oil in the coming months, the march of inflation, the valuation of the markets and how far the growth of the public debt goes to face the ravages of the pandemic. And the money in the Stock Market has begun to get nervous before this panorama until the end of the year.

In this September there have been important falls dictated from the US Stock Exchanges and in recent days the sessions have been splicing down. The Nasdaq technology has a 9% drop in the month, while the Ibex 35 falls more than 5% and the EuroStoxx 50 loses 4.5%. What do the experts think about what can happen with these uncertainties that weigh on the market? How will they condition the future of the Stock Exchanges? The head of investment strategy of the manager Martin Currie (Franklin Templeton group), Kim Catechis, is clear in his answer: “The picture is ugly, very ugly”. And of course, Covid-19 leads the danger to the world of money.

The pandemic is out of control again

Catechis believes that investors have not realized that the pandemic is rampant in the world. Furthermore, she complains that unlike central banks that show enormous cooperation, governments are each on their own, with the exception of the Eurozone. This situation will bring strong volatility to the Stock Exchanges that will only disappear when an effective vaccine against the virus arrives. But it also qualifies optimism about the vaccine: “when it is discovered, it would take about 18 months for it to reach the entire population. Ideally, there should not be a single provider of the remedy but 4 or 5 available that shorten this period. Of course, as the Stock Market anticipates events, when an effective vaccine is presented the rally will be very pronounced, ”he explains.

This second wave of Covid-19 is for Félix López, the managing partner of Atl Capital, the greatest uncertainty for the Stock Exchanges, with an exponential growth in the contagion curves. “Confinement is the only effective solution until a vaccine appears. Now we know the consequences and monetary and fiscal policies have been put in place that will soften the impact that we saw in March ”, he indicates. And he explains that, when it comes to investing, the Stock Market is less expensive than, for example, fixed income.

The second wave of Covid-19 is less harsh than in March but the contagion skyrockets

Patrik Lang, director of global equity strategy at Julius Baer dares to quantify the punishment that Covid-19 can represent on the S&P 500 (it has fallen 7% in September): “we don’t see much more than 10% to the It is down from current levels in the S&P 500 and we do not expect a sustained decline below 3,100 points. The market should bottom out in October. ” And this vision is based on the measures (tests, tracing, closing of premises, masks) that are more efficient, that fatal cases have not increased significantly in Europe and that new infections are mainly due to more social activities. than economic, which questions the need for business closures ”, he concludes.

Towards a hard and no-deal Brexit

The UK’s FTSE 100 index is down over 20%, while the Euro Stoxx 600 index is down just over 11% so far this year in sterling and euros respectively. If we compare the two in euros, the UK fares even worse due to the weakness of the pound relative to the euro, while the December 31, 2020 deadline to agree on the terms of their future relationship is fast approaching.

Mobeen Tahir, Associate Director of Wisdom Tree, explains that although the pandemic is causing more economic damage to the UK than to Europe, the Brexit factor cannot be ignored. The European Union (EU) accounts for 43% of all UK exports and 51% of all UK imports. The UK’s share of EU trade is not negligible as the UK accounts for 14.9% of all EU exports and 10% of all EU imports. The breakup without a conducive trade deal will put the UK’s exports at a competitive disadvantage and affect it far more than the EU.

The US presidential elections will be, together with the virus, a great source of uncertainty

“Risky politics and deception have been typical features of every stage of Brexit negotiations and a last-minute deal is still quite possible. Any deal that is struck at the last minute is likely to be fairly narrow in scope, focusing primarily on avoiding tariffs and quotas in manufacturing. That would amount to a pretty tough Brexit, ”explains Paul O’Connor, multi-asset manager at Janus Henderson, who sees the decline in sterling as just a beginning.

Another Trump victory, better for stocks?

The analysts consulted agree that a victory for Donald Trump in the presidential elections of the United States on November 3 would favor the Stock Exchanges due to their pro-business policies, which are reflected in less taxes. Even so, they also consider that Joe Biden will be the winner of these elections. They also point to these elections as the factor of most volatility for the Stock Exchanges after the Covid-19 march. Kim Catechis disagrees with this general view, as polls say Republican voters will go to the polls en masse, while Democrats will opt more for the mail-in vote. “This will cause a shadow of doubts about these elections with its reflection in the markets since the total count could end in mid-December”, adds the head of investment strategy of the manager Martin Currie (Franklin Templeton group).

The team of the manager Natixis IM Iberia bets in a majority way for a victory of the democratic candidate Joe Biden that, although it may be favorable for the economy and world trade, it will not be so so for the Stock Exchanges, contrary to what would happen with a eventual reelection of Trump, given the pro-business and tax-cutting nature that characterizes the Republican Administration.

Didier Saint-Georges, member of the strategic investment committee of the manager Carmignac, points out that the biggest problem could be the uncertainty surrounding the electoral process, with a very tense internal climate in the debates, and a possibly even result that opens the doors to fierce challenges. “Projected tax increases could moderate and, conversely, spending on infrastructure would be a typical Keynesian measure. Biden’s commitment to renewable energy worries the traditional energy sector, while the population support approach would favor the consumer sectors ”. And he adds: “The position vis-à-vis China would certainly remain very firm, albeit more peaceful, but the most notable shift could occur vis-à-vis Europe, towards a less threatening and more cooperative relationship,” says Saint-Georges.

Finally, Mona Mahajan, US investment strategist at Allianz Global Investors explains that “President Trump and former Vice President Biden have markedly different views on corporate tax, energy and trade between the United States and China, which they can have a substantial impact on markets and on investors’ portfolios ”. And she adds: “emerging technology (including 5G, artificial intelligence and cybersecurity), infrastructure and clean energy can have strong prospects after the elections.”

Nasdaq’s beacon, tech bubble?

In the medium term, other unknowns remain, especially the one related to how the high public deficits will be financed that will be inherited from the huge debt issuance with which the response to the pandemic is taking place. But on the near horizon there is concern about the valuation of Stock Exchanges with very different evolution, in which the technological indices rise with little pause and where the polarization between the winning and losing sectors of the crisis is increasing: disruptive companies linked to health versus the old economy.
Patrik Lang of the Julius Baer bank rules out that the rally in tech stocks will lead to a tech bubble. “In Europe and the US, the sector trades at a 30% premium compared to the market in general. This is in line with the average of the last 20 years and is due to the strong growth of the earnings of the sector, of around 20%. ” In addition, “the decisive factor today is whether companies will be able to maintain their strong earnings growth and we assume that this will be the case in the coming years and that, therefore, valuations will be sustainable,” he concludes.

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The Central Mountain begins its particular battle against the implantation of 57 65-story high wind turbines

A total of 57 wind turbines, 65 stories high (about 200 meters from end to end) and visible from a distance of 25 kilometers, could flood the Central Mountain leonesa.

This possibility, which is extremely real today, has set in motion a part of the society in this area of ​​León who to date has not been 299 systems of this type that have been located in the province, especially in the Bierzo area.

The first flag of rejection of these projects has been raised by the Platform for the future of the Central Leonesa Mountain. Your president, Esther Domínguez Jové, recognizes the difficulty to overturn these initiatives that come from the hand of the Government and the Junta de Castilla y León but it appeals to the sentiment of the people of León to avoid another “natural catastrophe” that they already compare with the wall of the Riaño dam.

“These projects are a poisoned candy for the residents of the area. In exchange for 80,000 euros per year, the neighborhood councils are given areas of enormous ecological value and the natural wealth is laminated. We have shown that the price of goods in these areas falls by 30% and employment falls by 14%. Far from creating wealth, what they contribute is general poverty in exchange for cleaning up the accounts of the neighborhood councils, “he remarks. Esther Dominguez, in your case president of the neighborhood council of La Valcueva.

Four projects in process

If nobody prevents it to the area of ​​the Central Mountain they will arrive five such projects, four of them on ‘waiting list’ for approval and one (that of El Puerto I, in Villamanín) already approved and with a single experimental wind turbine.

As a whole, all the projects will entail an investment that will exceed the 250 million euros but the reality, it is noted from the platform, is that the final job “will be punctual” and will barely reach ten workers.

Of the four parks planned for the Central Mountain its impact on the ground will be visible throughout the area. ‘Abano’, with 17 mills almost 200 meters high, will directly affect Matallana de Torío, Cármenes, Valdepiélago and Valdelugueros.

This project comes through the ministry to exceed 50 megawatts and its promoter is an investment fund, Green capital development. The final power of its mills will reach 76.5 megawatts and it will be the one with the highest power when they will be installed.

From Valdorria to Cármenes

Naturgy, for its part, is committed to launching ‘La Cotada Grande’ whose mills will be implanted from Valdorria to Cármenes affecting Valdepiélago, Valdelugueros and Cármenes, recalls the platform.

As a whole, the 15 65-story mills with an electrical production of 49.95 megawatts.

The others Two parks will be built, if the Administration allows it, in the area of ​​Pola de Gordón, La Robla and Carrocera. ‘Barrios de Gordón’, on a corresponding area of ​​the hamlet of with the same name and of just 50 inhabitants, it is also promoted by Naturgy.

Its 12 mills they would be just above La Pola with an electrical production of 49.92 megawatts.

Finally the park ‘Elanio’ will be implemented in the Carrocera, La Pola de Gordón and La Robla area, with 54 megawatts of electricity production committed by its 12 wind turbines.

Up to 50 kilometers of road and the example of Riaño

In some of these cases, each wind farm will be accompanied by 25 kilometers of open road (more of 50 in the total of the four projects) in the middle of the mountain between six and ten meters wide with gravel to fix the path. This will be joined atUnderground electrical wiring from the mills to the substation and overhead from it to the central.

Each ‘post’ will have a height of 125 meters and each blade an extension of 72.40 until reaching 197.40 meters. As a whole, they will generate a visual impact that, according to the Platform for the future of the Central Leonesa Mountain, it will ruin natural spaces and completely submerge any possibility of creating natural spaces for tourism in its environment, in addition to damaging the natural species that coexist in those areas.

The platform insists on the need to make society and administrations aware that a province cannot be sunk even further ruining its natural wealth to obtain energy wealth. The best example, they insist, is in the same province and is Riaño.

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