Two Coal Barons, One Overdue Bond Payment and the End of an Era

first_imgTwo Coal Barons, One Overdue Bond Payment and the End of an Era FacebookTwitterLinkedInEmailPrint分享Jodi Xu Klein and Tim Loh for Bloomberg News:Both men worked down in the mines, in helmet and headlamp, digging out the coal that would one day make them piles of money.As early as Tuesday, the mining empires the two men built from scratch could start to crumble.Billionaire Christopher Cline, 57, hailed as the savior of the Illinois coal industry, is the founder of Foresight Energy LP, which has until March 15 to pay $23.6 million of overdue bond interest.Industry champion Robert E. Murray, 76, would suffer with him. The company he created, Murray Energy Corp., paid $1.4 billion in April for a 50 percent stake in Foresight. A default would wipe out that investment.So far the two titans have survived the U.S. coal industry’s worst downturn in decades, a result of tough environmental policies, a flood of cheap natural gas and slowing global demand. In the last two years, at least six U.S. coal-mining companies have filed for bankruptcy, restructuring a total of $23 billion. With a boost from fracking, the U.S. produced more natural gas in 2015 than it ever has, while U.S. coal production fell last year to its lowest level in decades and is projected to fall even more this year, according to the Energy Information Administration.Now Cline and Murray are inextricably linked but unable to agree on a remedy, according to people with knowledge of the matter.“Here you have the two most successful visionaries in the U.S. coal industry facing a level of challenges they probably never had to deal with before,” said Matthew Duch, a money manager at Calvert Investments Inc. who oversees $12 billion. “You can be the best operators in this industry, but you can’t do anything about the demand that’s evaporating.”Full article: Two Coal Barons, One Overdue Bond Payment and the End of an Eralast_img read more

Alex Wood and Ross Stripling are in the Dodgers’ starting rotation

first_imgLUX-URY RESERVEGavin Lux wasn’t in the starting lineup for the second consecutive day Monday, and the rookie is one of four players in the mix to play second base when the regular season begins, Roberts said. Kiké Hernandez, Chris Taylor, and Max Muncy are the others.“I think it’s open,” Roberts said. “I think that it’s going to be shared time. There’s a lot of things with Gavin’s swing … just trying to get him more at-bats in live (at-bats) and simulated. I thought his last at-bat last night, even though it was a strikeout, it was a good one.”An early hopeful for the National League Rookie of the Year award, Lux batted .240 with two home runs in 23 regular-season games for the Dodgers after debuting last September. He also had two hits, including a home run, in nine NL Division Series at-bats last October.KERSHAW’S CHALLENGEKershaw featured prominently in a short video supporting the Black Lives Matter movement. The video, released four days ago, kicked off an “In This Together” campaign to benefit the California Funders for Boys & Men of Color Southern California: Our Kids, Our Future Fund.Related Articles Dodgers’ Max Muncy trying to work his way out of slow start Newsroom GuidelinesNews TipsContact UsReport an Error Another starting pitching prospect, right-hander Mitchell White, dazzled the Diamondbacks on Sunday by retiring 15 of the 16 batters he faced. But he will not begin the season on the Dodgers’ 30-man roster.“Mitchell, if he continues to do what he’s doing, we’ve got to keep him built up,” Roberts said. “Anything could happen. To see him playing for us this year wouldn’t be a surprise at all.”Stripling, a 30-year-old right-hander, has shuffled between the bullpen and the rotation in four seasons since his debut. Wood, a 29-year-old lefty, was also on the bubble for a rotation spot after the Dodgers signed him to an incentive-laden contract in January. Both pitchers became more integral to the team’s plans this month.Last Tuesday, right-hander Jimmy Nelson underwent surgery on his lower back. He’ll need the entire 60-game regular season to recuperate. Left-hander David Price opted out of playing this year due to concerns with the novel coronavirus.Teams are allowed to begin the season with 30 players on their active roster. Roberts said he expects “15 to 17” pitchers to make the cut. How Dodgers pitcher Ross Stripling topped the baseball podcast empire Cody Bellinger homer gives Dodgers their first walkoff win of season center_img PreviousLos Angeles Dodgers’ Joc Pederson (31) celebrates his two-run home run with third base coach Dino Ebel during the second inning of an exhibition baseball game against the Arizona Diamondbacks Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)Los Angeles Dodgers’ Justin Turner warms up in front of cardboard cutouts of fans before an exhibition baseball game against the Arizona Diamondbacks Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)Los Angeles Dodgers right fielder Mookie Betts throws after catching a fly ball during the first inning of an exhibition baseball game against the Arizona Diamondbacks Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez) SoundThe gallery will resume insecondsArizona Diamondbacks manager Torey Lovullo gestures in the dugout during an exhibition baseball game against the Los Angeles Dodgers Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)Arizona Diamondbacks starter Taylor Clarke throws to the Los Angeles Dodgers during the first inning of an exhibition baseball game Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)Los Angeles Dodgers starter Julio Urias throws to the Arizona Diamondbacks during the first inning of an exhibition baseball game Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)Arizona Diamondbacks’ Ildemaro Vargas (15) celebrates his home run with teammate David Peralta (6) during the second inning of an exhibition baseball game against the Los Angeles Dodgers, Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)Los Angeles Dodgers’ Joc Pederson, right, follows through on a two-run home run against the Arizona Diamondbacks during the second inning of an exhibition baseball game Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)Los Angeles Dodgers’ Cody Bellinger warms up during the first inning of an exhibition baseball game against the Arizona Diamondbacks Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)Arizona Diamondbacks’ David Peralta (6) is picked off trying to steal second base by Los Angeles Dodgers second baseman Chris Taylor during the second inning of an exhibition baseball game Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)Los Angeles Dodgers starter Julio Urias stands on the mound after giving up a home run to Arizona Diamondbacks’ Ildemaro Vargas, top left, during the second inning of an exhibition baseball game Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)Arizona Diamondbacks reliever Andrew Chafin, bottom, walks back after giving up a three-run home run to Los Angeles Dodgers’ Chris Taylor, top left, during the fifth inning of an exhibition baseball game Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)Los Angeles Dodgers’ Joc Pederson follows on a 2-RBI double during the fifth inning of an exhibition baseball game against the Arizona Diamondbacks Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)Arizona Diamondbacks starter Taylor Clarke throws to the Los Angeles Dodgers during the first inning of an exhibition baseball game Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)Los Angeles Dodgers’ Joc Pederson (31) celebrates his two-run home run with third base coach Dino Ebel during the second inning of an exhibition baseball game against the Arizona Diamondbacks Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)Los Angeles Dodgers’ Justin Turner warms up in front of cardboard cutouts of fans before an exhibition baseball game against the Arizona Diamondbacks Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)NextShow Caption1 of 14Los Angeles Dodgers’ Justin Turner warms up in front of cardboard cutouts of fans before an exhibition baseball game against the Arizona Diamondbacks Monday, July 20, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)ExpandDodgers manager Dave Roberts effectively announced his starting rotation Monday, when he revealed Ross Stripling and Alex Wood were in the group of five.Roberts previously chose Clayton Kershaw to start on Opening Day, this Thursday against the San Francisco Giants. Julio Urías and Walker Buehler are also in the group.The most likely order? Stripling threw a simulated game Saturday, which lines him up to start Friday against the Giants. He’ll be followed in some order by Wood (who threw a simulated game Monday) and Urías (who started Monday’s exhibition game against the Diamondbacks). Buehler is slated to face the Houston Astros on July 28.That means right-hander Dustin May, whose promising rookie season in 2019 carried over into exhibition games this year, is ticketed for the bullpen. Roberts previously said it’s “certainly a possibility” that May will piggyback Buehler’s start against the Astros. Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco Kershaw also released a statement on June 19 – the Juneteenth holiday – in support of Black Lives Matter.Advocating for minorities is a new role for one of baseball’s most recognizable stars, and not without some risk. When the words “Black Lives Matter” were painted on the street outside Trump Tower in Manhattan, the President referred to the words as a “symbol of hate” in a subsequent tweet.If there has been any negative reaction to Kershaw’s activism, it hasn’t reached the pitcher.“Talking with guys, teammates, getting texts from people across the league, I think it’s been welcomed,” he said. “That’s not the reason to do it obviously. We did it because it’s the right thing to do. We believe that as a team, which was really cool to see. It wasn’t meant to be divisive, it wasn’t meant to be political. It was just meant to acknowledge that Black Lives Matter. I think we did a great job of representing that message. I’m excited to see where it goes from here.”ALSORoberts indicated pitcher Scott Alexander might not be on the Dodgers’ Opening Day roster. “We haven’t made the decision yet on what his next steps will be,” Roberts said. Alexander, who has Type 1 diabetes, is allowed to opt out of the season and still receive his pro-rated pay and full service time. … Alexander and Pedro Baez both threw to teammates Monday, Roberts said. … Baez is not expected to appear in an exhibition game but will be in the Dodgers’ Opening Day bullpen. … Kershaw has been toying with a changeup in exhibition games. “I feel average with it,” he said. … Catcher Austin Barnes was able to catch in the bullpen session one day after leaving Sunday’s exhibition game with a sore left hand. Dodgers hit seven home runs, sweep Colorado Rockies last_img read more

Police release video evidence, 911 calls in FHP trooper’s death

first_imgThe Martin County Sheriff’s Office released video evidence and 911 calls on Friday detailing the moments leading up to the tragic death of a Florida Highway Patrol trooper who was shot and killed on Interstate 95 in Martin County earlier this month.MCSO: Man who shot and killed FHP trooper identified as Franklin Reed III Bullock then calls a towing company and stayed on scene while the tow truck driver assisted Reed. According to MCSO, detectives believe Reed was upset with the tow bill, so he walked up to Trooper Bullock’s FHP cruiser and shot him in the head.The sheriff’s office said Reed then tried to shoot the tow truck driver, but his gun jammed. The driver was able to run away.The tow truck company called 911 to report that Bullock had been shot, and that the suspect was trying to shoot the tow truck driver.Eventually, an off-duty Riviera Beach police officer, Det. Jemel Headings, was in the southbound lanes of I-95 on his way to work when he noticed the suspicious activity and he made a u-turn to see what was going on. He ended up shooting the suspect.UPDATED: Riviera Beach Officer Fatally Shoots Suspect Who Killed FHP Trooper in Martin Co. In the release, Sheriff Snyder  said Reed committed a retail theft in Palm Bay, Florida the day before. But other than that, he had no documented criminal history.“Our destiny as law enforcement is to go out and help people,” said Sheriff Snyder. “The only way something like this could be avoided really would’ve been for Reed to be a good citizen.” On February 5th ,Trooper Joseph Bullock, 42, was killed by a man identified as Franklin Reed III. Bullock responded to the scene of a disabled vehicle in the northbound lanes of I-95 near mile marker 107 at aruond 9:15 a.m., according to a timeline of events released.According to the timeline, Bullock made contact with the driver of the disabled vehicle, identified as 28-year-old Franklin Reed III. Reed did not want assistance so the Trooper left the scene.Around an hour later, at 10:12 a.m., Trooper Bullock returned to the scene after Reed’s SUV somehow ended up in a ditch on I-95 and a 911 call was received.last_img read more