first_imgSlumping prices mean trouble for U.S. thermal coal exporters FacebookTwitterLinkedInEmailPrint分享The Wall Street Journal ($):Thermal-coal prices have tumbled to multiyear lows amid slumping global demand for the commodity, the world’s top source of electricity. Miners exporting from the U.S., which have benefited from growing foreign orders in recent years, are among the hardest hit.As the market softens, they are struggling to compete with mining giants from places such as Australia, because it is more time-consuming and costly for U.S. miners to ship their coal to key markets. The selloff is hurting an industry President Trump promised to revive as a centerpiece of his 2016 presidential campaign.Exports from the East Coast sold for $46.12 a metric ton on Tuesday, down 26% in a month, according to S&P Global Platts. That is roughly half where the commodity traded in mid-2018, although it is up from a trough of $42 a ton last week.There are several reasons for the rout, not least a seasonal lull as the Northern Hemisphere warms up after the winter. Prices for liquefied natural gas, a cleaner energy source, have slumped to roughly three-year lows, according to S&P Global Platts. That has enabled power producers that use both fuels to prioritize gas.Meanwhile, demand has waned in key markets. In Asia, Japanese buyers have locked in supplies with long-term contracts, Chinese utilities are buying more local coal and generating more power from gas and water, and South Korea has raised taxes on coal imports. In Europe, too, weak industrial output means less power consumption, while LNG output has jumped. BMO Capital Markets analyst Colin Hamilton said soft demand in Europe was the main weak point for the market globally.Should coal prices stay low, U.S. exports would probably shrink quickly, analysts say.More ($): A chill descends on the coal marketlast_img read more


first_imgA South Florida doctor is the first medical professional in the region to die from the novel coronavirus.Dr. Alex Hsu, who once practiced internal medicine at Northwest Medical Center in Margate, died from the virus, Broward County Medical Examiner Dr. Craig Mallak said Thursday.The 67-year-old doctor is the fourth person from Broward County to die as a result of COVID-19.Broward County has the second-most confirmed cases of coronavirus in the state.Dr. Alex Hsu, an internist in Margate for more than 35 years, is the latest casualty of the coronavirus in South Florida.The medical examiner has confirmed that Dr. Hsu died Wednesday night from complications related to the new coronavirus.The Broward County Office of Medical Examiner and Trauma Services listed Dr. Alex Hsu’s cause of death as COVID-19 and listed the manner of death as natural.Dr. Craig Mallak said no autopsy was performed.According to sharecare.com, he graduated from the University of Hawaii John A. Burns School of Medicine in 1982 and completed a residency at the University of Louisville.“Our community was very saddened by the news of Dr. Alex Hsu. He was very genuine. He never denied anyone without insurance,” family friend Lana Van said in a statement.last_img read more


first_imgEL SEGUNDO — Owners of the No. 4 overall pick in the June 20 NBA Draft, the Lakers invited prospect Jarrett Culver for an individual workout Saturday morning.In the first such session for the team this offseason, the 20-year-old from Lubbock, Texas, sought to exhibit his shooting prowess, his competitiveness and his athleticism – all under the watchful gaze of not only his potential employers, but The King too.“You got LeBron (James) in the gym, that’s amazing to have as a young kid like me,” Culver told reporters post-workout. “After the workout, he just told me to keep working and it was good to have him in the gym – and he’s LeBron.“I know LeBron plays here, but I didn’t expect him to be here,” added Culver, who was surprised to see the four-time MVP at UCLA Health Training Center. “You’re kind of shocked at first: ‘That’s LeBron James.’ Just seeing him, you know, he’s an icon.” AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersEverything else, from the Culver’s telling of it, went according to the script for the 6-foot-6, 195-pound shooting guard with the nearly 6-10 wingspan whose draft profile soared last season when he led his hometown Texas Tech Red Raiders to their first NCAA title game appearance in school history.With beads of sweat still fresh on his brow from the workout held before Lakers personnel, which included General Manager Rob Pelinka and new coach Frank Vogel, Culver said all the right things in his time with the media.“I’m a two-way player,” he said, adding, “an elite two-way player. I can score and I can play defense, so I feel like people see that a lot in me.“It’s a dream to get there (to the NBA), and then once you get here, you gotta put in a lot of work. You don’t get here by accident. So I’m excited, whatever my role’s gonna be on whatever team I’m on, then I’m gonna be excited to fulfill that role.“I’m all about winning, so my first year (at Texas Tech), it was play defense and score open shots, and that’s what I did so we could win. And this year, it’s take tougher shots and play defense still. So whatever I gotta do to win is my role.” He spent his time at Texas Tech working hard to smooth out his 3-point shot, said Culver, whose 30.4 percent 3-point shooting rate as a sophomore nonetheless fell off the pace of the 38.2 percent he shot from deep as a freshman.“I’m still confident in my shot, and I feel like every shot I shoot is going in,” Culver said. “That’s what you’re supposed to feel as a shooter.”He also said he feels he could fit well with the Lakers, who have missed the playoffs for six consecutive seasons and are in a state of flux. A new coaching staff is coming aboard and free agency is approaching amid the turmoil stemming from Magic Johnson’s abrupt departure as the team’s president of basketball operations at the end of the season.Culver focused on the Lakers’ more-distant history, and what he perceives is possible going forward.“L.A.’s a great place out here. Some of the great players have been through here,” Culver said. “And, I mean, their team, they’re growing. They have LeBron, they have a lot of great young players around him, so I feel like it’s gonna be a winning organization.” Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed He played his part superbly last season at Texas Tech, showing off an all-around game and averaging 18.5 points on 46.1 percent shooting from the field. He also chipped in with 6.4 rebounds, 3.7 assists and 1.5 steals per game.Asked about his recent time as “The Man” in college, Culver offered a tried-and-true explanation: “There’s a lot of work I put into it to become The Man — as you said, ‘The Man,’ — so I just put a lot of work in, my teammates helped me a lot, my coaches got me prepared every game. It’s just a lot of work you gotta put in.”Related Articlescenter_img How athletes protesting the national anthem has evolved over 17 years Lakers, Clippers schedules set for first round of NBA playoffs Lakers practice early hoping to answer all questions Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more