Art prices – Art Lini Tue, 08 Jun 2021 06:50:46 +0000 en-US hourly 1 Art prices – Art Lini 32 32 A tech startup wants people to ditch IKEA and rent their furniture instead. Is this a good deal? Mon, 07 Jun 2021 22:30:00 +0000

A San Francisco furniture startup called Oliver Space has set up warehouses in a handful of cities full of sleek sofas, dining tables, and other trendy furniture.

The company has modernized the process of buying – and renting – furniture, promising delivery in as little as three days. The quality (and price) of the furniture is in line with companies like West Elm. But Oliver Space offers a few options for those who don’t want to shell out big bucks for trendy furniture that they might not need in the long run.

The startup allows customers to rent and trade items according to their needs or preferences, or rent them out with no interest.

Founder Chan Park, a former Uber director overseeing Asian territories, said he got the idea for Oliver Space by renting a stylish furnished apartment in Singapore. He had stayed in furnished places before, but this one was elegantly designed.

“I could be proud of my space and enjoy it more,” Park said. “I wanted to receive my friends and family more often and cook more at home. It was then that the light bulb lit up in my head.

People want something better than shoddy, disposable furniture, he said. But for those who move frequently for job opportunities, like Park did early in his career, it’s hard to reinvest in beautiful furniture that might not work in your next space or phase of life.

On average, Americans move 11.7 times a year, according to 2007 Census Bureau data (the most recent of its kind). Today that number may seem much higher, as millennials are known to more than any other generation before them.

Park said he couldn’t compare Oliver Space with older furniture rental stores. The demographic they target is different, and so are the products.

“Our catalog is very modern, contemporary and stylish,” Park said. “I think it’s a completely different dynamic.

In addition to appealing to those who appreciate modern and trendy aesthetics, the company also has ecology on its side. Every year, Americans dump millions of tons of furniture and furnishings in landfills, and the rate is rising rapidly thanks to quick furniture made by companies like IKEA.

In 2018, Americans destroyed 12.1 million tonnes of furniture, up from 2.2 million tonnes in 1960, according to the Environmental Protection Agency.

“This is due to the proliferation of disposable furniture and the passing consumer,” Park said. “They don’t get disposable furniture because they want it. They do it because they have no other choice.

Here’s how Oliver Space works. Buyers use the company’s website to choose unique items or design entire rooms with not only furniture, but also artwork, lamps and more. The consumer can rent items (for example, a sofa can be rented for as little as $ 33 per month), rent with option to buy with 0% interest rate, or purchase the item directly. The total price of sofas and sectional sofas at Oliver Space is usually under $ 2,000. Park said the company can compete with prices in places like West Elm due to its lack of middlemen and physical stores.

Buyers can also use an item for as long as they want and then return it when the item no longer meets their needs and exchange it for something different.

Oliver Space refurbishes every item that returns to its warehouse, thoroughly cleaning and repairing the goods. Park said many of his items are things that don’t wear out easily, like wooden TV consoles and wall art.

The pandemic fueled great growth for the company, as furniture purchases skyrocketed, supply chains slowed at traditional retail outlets, and orders began to take months and months to be completed. delivered to customers.

Oliver Space has local warehouses and can deliver in as little as three days.

The startup, founded in 2018, has just raised $ 13 million in venture capital, bringing the total amount raised to $ 21 million. Park said Oliver Space is not yet profitable.

“This industry is ripe for innovation,” Park said. “We provide a different experience that consumers deserve. “

The company currently operates in San Francisco, San Diego, Orange County, California, Dallas, Austin, Texas and Seattle.

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Artistic registrations for the Wellington region from June 7 to 10 Sun, 06 Jun 2021 17:00:00 +0000

The Kia Mau festival continues in Wellington this week with theater and dance performances. Today you can head to Wrights Hill Fortress to explore the holidays, and the curtain falls on Jersey Boys with its final performance on Monday.

Kia Mau Festival, opening this week …

Peter Paka Paratene

Te Papa Soundings Theater, June 8, 7 p.m., $ 20- $ 35

During this intimate evening, Rawiri Paratene shares his own poetry, songs and favorite classical works while regaling audiences with stories from the three distinct phases of his life; Peter, Paka and Paratene. Reservations at

Brown crown

Heyday Dome, BATS Theater, June 8-12, 7 p.m., $ 15 – $ 20

Set in a contemporary world, Brown Crown is the story of a young Samoan woman’s journey through life. Surrounded by expectations and legacy, his life is eclipsed by the ancient legend of Nafanua. Reservations at


Tapere Nui, Te Auaha, June 9-12, 6:30 p.m., $ 15- $ 30

A physically designed work of theater that explores the pillars of Maoridom, Neke is the search, hunt and celebration of what runs through our individual haerenga as a Maori. Reservations at

Maori side steps

Opera, June 9, 8 p.m., $ 45

Fresh out of Hari with The Māori Sidesteps on Māori TV, these talented fullas return with a fresh and enlightening perspective on the evolution of the Maori showband. Reservations at


Random scene, BATS Theater, June 9-12, 8:30 p.m., $ 15 – $ 20

A first work by Shanaia Boutsady. As Maetu sits in her little green house, she recalls memories through her household items that have brought her to where she is now.

Wahine de Witi

Te Whaea National Center for Dance and Drama, June 10-13, $ 15- $ 35

Lovingly crafted from excerpts from Witi Ihimaera’s collection of shorts and novels, our indomitable heroines take you on an epic journey through their history, mythology and cultural awareness as we recognize the passion, the truth and the spirit of mana wāhine. Reservations at

Eat these words

The Studio, BATS Theater, June 10-12, 7:30 p.m., $ 15- $ 420

Eat These Words invites you to comfort food your way through Miss Leading’s emotional roller coaster of confronting, political, and miserable poetry (with a few chuckles). Attract participants with snacks. Reservations at

Composer and saxophonist Callum Passells presents a new multi-part suite exploring protest song as a musical motif.


Composer and saxophonist Callum Passells presents a new multi-part suite exploring protest song as a musical motif.


Callum Passells with LCR

St Peter’s on Willis, June 9, 8 p.m., $ 39

Building on his experiences of walking, horn in hand, in solidarity with the Black Lives Matter movement, composer and saxophonist Callum Passells presents a new multi-part suite exploring protest song as a musical motif. Reservations at

Clear path set

St Peter’s on Willis, June 10, 8 p.m., $ 39

Blurring the lines of psychedelia and modal jazz, Wellington jazz musician, multi-instrumentalist and sound artist Cory Champion takes his work out of the virtual world and on stage for this unique performance at the Wellington Jazz Festival. Reservations at

Blurring the boundaries of psychedelia and modal jazz, Wellington jazz musician, multi-instrumentalist and sound artist Cory Champion takes his work out of the virtual world to stage it.


Blurring the boundaries of psychedelia and modal jazz, Wellington jazz musician, multi-instrumentalist and sound artist Cory Champion takes his work out of the virtual world to stage it.


Jersey Boys

Opera, Last performance today, 1 p.m., various prices

With 22 incredible hits from Frankie Valli and The Four Seasons, Jersey Boys, the musical wowed Wellington audiences. The last show is today, raising the curtain on the season. Reservations

Wrights Hill Fortress Open day

Wrights Hill Rd, June 7, 10 am-4pm, $ 20 family, $ 10 adult, $ 5 child

People are invited to guide themselves through the tunnels and cannon sites of historic Wrights Hill Fortress. The walk is usually about an hour and bring a torch.


Pottery Exhibition – Unearth Your Local Potter

New Zealand Academy of Fine Arts, 1 Queens Wharf, until June 15, daily 10 a.m. to 5 p.m.

Thirteen potters and ceramists based in Kāpiti and Wellington present a wide range of techniques, styles and hobs.

Kiingi Tūheitia Portrait Prize

Portrait gallery, Queens Wharf, free

The Kiingi Tuheitia Portraiture Award is a competition that encourages emerging Maori artists to create portraits of their tūpuna (ancestors) in any medium.

Te Mauri o Pōhutu

Toi Pōneke Gallery, Abel Smith St, until June 26, 10 am-8pm weekdays, 10 am-4pm weekends, closed on statutory holidays, free

Te Mauri o Pōhutu is a new series of collaborative installations and time-based artworks by Bianca Hyslop, Rowan Pierce and Tūī Matira Ranapiri Ransfield. The exhibition responds to the loss of mātauranga Māori due to cultural disruption and assimilation.


The Big Sing – Wellington Regionals

Michael Fowler Center, June 9-10. Daytime sessions 10:30 am and 2 pm ($ 5, door-to-door sales) & Gala concerts 7 pm, ($ 10-20)

Thirty-nine high school choirs from the region will perform. Up for grabs, the chance to be selected for the national final, to be held in Christchurch in August. Gala concert tickets clerk.

New Zealand string quartet members Helene Pohl and Rolf Gjelsten are accompanied by their son, violinist Peter Gjelsten, playing


New Zealand string quartet members Helene Pohl and Rolf Gjelsten are accompanied by their son, violinist Peter Gjelsten, playing

The family trio Pohl-Gjelsten

St Andrew’s on the Terrace, June 9, 12:15 p.m., koha

New Zealand string quartet members Helene Pohl and Rolf Gjelsten are joined by their son, violinist Peter Gjelsten, mainly playing Bach with Tchaikovsky for dessert.

Singles Going Steady: 7 “Open Decks – Capital Edition

Laundry, 240 Cuba St, June 9, 7-11 p.m., free

Be the DJ. Bring and play your own records at our monthly vinyl club celebrating 7:45. Go for 6.45 to sign up for a 20 minute set, then we’ll be playing singles from 7 until late. All welcome, y including beginners – turntable lessons available if you need them.

Author Lecture: Einstein, Jesus and Us – Ian Harris and Richard Randerson

Unity Books Wellington, June 9, 12:30 p.m. to 1:15 p.m., free

Listen to Ian Harris discuss with Bishop Richard Randerson some of the themes covered in Ian’s new book “Hand in Hand: Secular and Sacred Blending to Expand the Human Spirit,” which continues his exploration of religion in the modern secular world. .


Gillian Ansell’s viola students from the NZ School of Music

St Andrew’s on the Terrace, June 10, 12:15 p.m., koha.

Associate Professor Gillian Ansell, violist of the New Zealand String Quartet, presents a concert of university students in strings. Don’t hesitate to bring a lunch bag and enjoy the beautiful music.

Book launch: Loop Tracks by Sue Orr

Unity Books Wellington, June 10, 6-7:30 p.m., free

Loop tracks is a great New Zealand novel, written in real time against the advancing Covid-19 pandemic and the New Zealand general elections and the referendum on euthanasia.

Book launch: Marie et moi

Mahara Art Gallery, 5:30 p.m. to 7 p.m., free

Robyn Cotton’s New Book Marie and me is the story of two women living with Parkinson’s disease 200 years apart. Robyn, who lives with early-stage Parkinson’s disease, will speak candidly about what motivated her to write this novel.

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Victoria Art League gears up for summer | Local News Sat, 05 Jun 2021 21:00:00 +0000

Last month I wrote about how in April Susan and I enjoyed the open road on our motorbike. In May, we took a three week vacation to Smugglers Notch, Vermont via New Bern, NC, and returned home via Ohio to visit my cousins. Over 5,000 miles and 20 states. Talk about going out and smelling the roses. We live in such a beautiful country, and we could see the hand of God in it all.

We took part in the Downtown Victoria Art Walk last Friday that I mentioned in my column last month. The Victoria Art League has worked very hard with the City of Victoria Main Street Program and others to make this possible. Our president, Claire Santellana, has worked very hard on this. There was live music, more than 30 artists were presented in different places; people could dine and shop and a cart transported everyone from place to place.

One destination was the Victoria Art League where, in addition to member art on the walls and shelves, we featured Richie Vios’ watercolors. Vios currently lives in the Art League and is a promising artist making a name for himself nationally. He paints watercolors outdoors, exhibits and participates in national outdoor shows and already wins awards.

He is traveling this month to four different states to compete in national outdoor competitions.

If you missed seeing his art last Friday, plan to come to the Art League at 905 S. Bridge St. this month to see some incredible artwork. Her outdoor show will be up for the rest of the month along with a number of other artists on display.

My art was featured at the Inn on Main, so I hope you got to see it. Our Harold Nichols Gallery always has wonderful art on display by our members and the paintings as well as 3D art on the shelves, all of which are available for purchase.

We have some great arts camps for children and youth this summer. Alana Sharp will be teaching a Grade 3 Kindergarten camp from 9 a.m. to noon and a Grade 4 camp from 1 p.m. to 5 p.m. during the week of June 7-11. Then, she will teach a class of teens in Grades 9 to 12 from June 21 to 25 from 9 a.m. to 2 p.m. In July, she will teach another class for the younger ones. Contact her at or on Victoria Art for Kids Facebook page for more information on schedules and any other questions you may have. All of these camps will cost $ 150 for the week.

There will also be another summer art camp June 14-18 for ages 5 to 12 showcasing art through the ages and mixed media. This will be taught by Claire Santellana. Students can take the 9 a.m. to noon class for $ 150 or the 1 p.m. to 4 p.m. class for $ 150, or $ 280 for the morning and afternoon sessions. You can reach Santellana by calling 719-722-4115 or emailing

Of course, all of this information is contained on the Victoria Art League webpage, If you haven’t checked out our webpage we encourage you to do so as our new web designer is awesome and we try to keep it up to date so you can be connected to the art here in Victoria.

One of our new members, Gail Dentler, will be giving a beginner’s botanical watercolor class on June 18 from 9 a.m. to 3 p.m. The cost is $ 45. To learn more about this course or to register, contact Dentler at 361-652-8397 or email

I will be teaching a beginners pottery class over a two week period with free time for drying and baking. There will be six classes in all. Classes start June 21 and end July 2. I will be offering two three-hour classes, one from 1 p.m. to 4 p.m. and another from 6 p.m. to 9 p.m. The cost is $ 145, which includes all supplies and cooking for the six three-hour classes. Contact me, Bill Bauer, at 361-649-8309 or

We’ll also be having our monthly Artist Hangout on June 19 from 11 a.m. to 2 p.m. at the Victoria Art League.

Artists are encouraged to come with whatever medium they want, to create and to socialize with other artists. We will share ideas, advice and encouragement. There is a nominal fee of $ 3 for non-members and members are free. You can confirm your attendance to Santellana at 719-722-4115 if you are interested.

Now that COVID restrictions have eased somewhat, the Art League is once again accepting rentals for social functions. Call Mark Hinojosa for prices and available dates at 361-648-6272. Our establishment is beautiful and unique for those special occasions.

Hope you can see that our Victoria Art League is back with the passion to be a leader in encouraging everyone in our community to embrace the visual arts. We are doing our best to increase public interest in the arts and will continue to do so. follow us on Or on Facebook. Come see us and as always we encourage you to come out and smell the roses.

Bill Bauer is the former president of the Victoria Art League.

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How to choose the best prints for your home Sat, 05 Jun 2021 05:00:25 +0000

I was introduced to printing when I was a student working part-time with my old friend, then an art student, now a print artist, studio technician and mentor Michael Timmins. His early descriptions of printing techniques have sparked a fascination with the medium ever since. This year, I bought more artwork than before. Have I spent a fortune? No. Am I an art connoisseur? Far from there.

I think print is an affordable and accessible way to bring personality to your home, whatever your taste or budget, but where do you start? Galleries have started to reopen, but if you can’t access them there are plenty of great places to buy prints online – check out SO Fine Art, Hang Tough Studio, Stoney Road Press, Jam Art Prints and more. others across the country.

Charity events can also be a great place to shop for art, as evidenced by the success of the IDI Grand Prize winner Creatives Against Covid project last year.

The work of Cork-based artist Deirdre Breen is available through SO Fine Art Editions, Atelier Maser and Damn Fine Print. Breen agrees that there are misconceptions about printing.

“There are assumptions that the prints are copies or posters, when most of the time they are in fact separate works made by the artist. They are their own medium, and not always a reproduction of a painting, ”Breen explains.

“There are many forms of printmaking, but all of them essentially involve the transfer of an image from one physical flat surface to another surface such as paper or wood,” Breen explains.

“Once an artist is satisfied with the image and the artwork, he completes an” artist proof “which is a print of a print taken to assess the current print condition. ‘a plate or screen and a way to verify that the color and quality of the limited edition is what it should be. Often the artist will keep this print for his own records and label it “A / P “.

Engraving techniques

For the uninitiated, the small numbers in the corner of a print represent the number of the work of art in a limited edition. The first work of a limited number of 100 will be marked 1/100, however the quality is the same whether you buy number one or 100 in this edition.

“The artist will sign each individual print to authenticate the artwork as a work,” Deirdre continues. “With open editions a number of prints can be created and the amount sold is unlimited. It is good to check if the artwork is limited or an open edition before purchasing a print, as the limited edition will be more valuable.

Some works charge higher prices than others.

“The price of a print is often based on the engraving technique, the complexity of the way it was made, the quality of the work and the notoriety of the artist,” Breen explains. “Traditional techniques requiring a hands-on approach such as lithographs, monotypes and screen prints can cost more than giclées or digital prints.”

Assemble 1 by Deirdre Breen, available at SO Fine Art Editions, Atelier Maser and Damn Fine Print

Assemble 1 by Deirdre Breen, available at SO Fine Art Editions, Atelier Maser and Damn Fine Print

Peter Brennan is Director of the Graphic Studio Gallery at Temple Bar, Dublin. The gallery has an excellent online store with over 1,000 original works of art by artists such as Jean Bardon, Mark Francis and Kate MacDonagh, organized into categories such as Landscape, Human Form and Animalia.

“While traditional printmaking can be a long and labor-intensive process, the fact that prints are produced in limited collections means that many works are affordable, but there are none. compromise in terms of quality, ”explains Brennan. “As the plates can be inked and reused, a number of images can be produced, each of which is an original work by the artist.”

Brennan says most of the gallery’s clients buy pieces because they love them rather than for their investment potential.

“Most people don’t spend a fortune, so it’s a lot less stressful and more enjoyable. It’s less about buying trophies than buying with the heart, ”he says. “The only statement you make is a statement of taste rather than wealth. That said, the print medium means that it is possible to get an incredible original work of art, by a remarkable artist, for relatively little.

Putting your heart into art was one of the reasons co-founders Rosie Gogan-Keogh, Greg Spring and Russell Simmons created Hen’s Teeth in 2015. Formerly on Fade Street in the capital, Hen’s Teeth has become a destination shrine in Blackpitts, Dublin. 8 for its well edited art, objects, lifestyle and food collection.

“My love of art grew out of the energy of Keith Haring’s work,” says Spring, Creative Director of Hen’s Teeth. “The first piece I commissioned in 2014 was by Denise Nestor, by late hip-hop artist J Dilla. J Dilla’s estate contacted us and then used the image on the cover of an LP posthumously.

Choose the right part

When it comes to choosing a piece of art for your home, Gogan-Keogh recommends buying what makes you happy.

“There’s a good chance your taste will change over time, so a good place to start is’ does this make me smile? “”

While many of us want instant gratification, she cautions against all-in-one purchases.

Hold Face by David Vanadia, at Hen's Teeth

Hold Face by David Vanadia, at Hen’s Teeth

“Your home should reflect who you are, and prints are the perfect way to inject that. Create a collection that’s personal to you and hang pieces that evoke memories while looking great on your wall, ”she says.

“Don’t be afraid to combine styles, genres and types of frames – graphic, illustrative or photographic prints from different eras can look amazing together.”

One of the shop’s patrons, Oliver Cruise, runs the Network Cafe in Dublin and is a co-founder of the visual resume app Pineapple.

“The graphic and colorful style of many of Hen’s Teeth’s works appeals to me, and Andy Welland’s works added a bit of vibrancy to what was an otherwise drab room during the lockdown,” he says. “I have Jacob Burrill’s Clarity, Opportunity and Imagination prints for inspiration in my home office. I know I can get a really nice framed piece in Hen’s Teeth for around $ 100.

It is this democratic approach to art that appeals to Greg Spring. “I remember listening to Sarah Andelman, founder of Colette in Paris, talk about how her customers ranged from 18 buying sneakers to 70 buying candles,” he says. “We recently asked three teenagers to buy their first prints with us. They really took a hit. You don’t have to buy an artwork for $ 4,000 – you can buy a print for as little as $ 30.

Collector: Shaun Davin

Although he has no training in art, Shaun Davin has been buying prints since 2005. His collection includes print editions of Damien Hirst, Conor Harrington, James Earley, Mary O’Connor, MASER, Cyclle, Joram Roukes and Kaws. Davin believes printing is an affordable way to start your art collection.

“I first became interested in the art collection after seeing a documentary on Charles Saatchi in the early 1990s. His collection of Damien Hirsts was quite convincing. Against the backdrop of Hirst’s spot and spin paintings, medicine cabinets and monochromes of butterflies, this new era of contemporary art by the Young British Artists caught my eye and I’ve been fascinated by art ever since.

Daisy 11 by Marylou Faure at Hen's Teeth

Daisy 11 by Marylou Faure at Hen’s Teeth

The handmade aspect of fine art prints attracts me: the accumulation of inks, how they sit on the paper and how each can have its own brightness and vibrancy. I love the scope of a print edition. An artist or publisher can place editions in galleries around the world and participate in multiple print exhibitions at any given time.

Some of my favorite Irish artists are ACHES, Colm Mac Athlaoich, Shane O’Driscoll, Chloe Early, Aoife Scott, Neil Dunne, Ted Pim and Richard Gorman. I would like to see these artists recognized in a much broader dialogue of contemporary art.

The different types of prints in my collection have been a great topic of conversation over the years. Being able to present an artist or a work to people is an exciting part of collecting art and hopefully inspires others to collect too.

My list of dream pieces is endless, but at the top of that list is Francis Bacon, Study for a Bullfight No. 1. Lithograph (1971). Edition of 150 copies. Published by the Musée du Grand Palais, Paris.
Instagram: @shaundavin @deirdrebreen

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Local artists gather behind a picture frame shop serving as a gallery Fri, 04 Jun 2021 22:50:09 +0000

EL PASO, TX (KTSM) – El Paso Frame Co. is a new custom frame store with a mission to uplift the artistic community of Chuco Town.

Brother and sister Michael and Lauren White along with their friend Michael Moncibaiz opened their store earlier in May of this year, but the idea came from years of experience in the art of music world, of fashion and painting.

Moncibaiz, who is himself a painter, said he wanted to create a place where everyone could frame their memories or their work, but also offer a consultation space for artists to put the finishing touches to their work.

“I think it’s just as important to create this kind of exchange of ideas and things that are happening in the art world as a whole,” Moncibaiz said.

The space functions as a frame ship and gallery, where the artistic trio of self-proclaimed “frame geeks” exhibit paintings and artwork by various local artists, and even those from across the country.

Michael White, who is a musician, said the frame enhances the artwork and helps “make an overall statement.”

He said bringing the modern frame design that is customizable brings something unique to everyone in El Paso to advertise to their households or even gift someone.

Among the paintings and prints, they also frame shadow boxes and military memorabilia. Their goal was to get rid of the stigma that framing has to be expensive, instead they offer a variety of options at different prices and open to customization.

Lauren White comes from the fashion world and has said that choosing a frame is like shopping for clothes, which gives her the opportunity to advise her clients on creative framing ideas.

“I think El Paso is a huge community of artists,” she said, adding “I think we’re going in the right direction to appreciate it properly, but I’m so excited to see how we will go further as a community. “

El Paso Frames Co. is currently exhibiting work by a local artist, but another exhibition is slated for July.

You can see their work and the latest exhibitions on their Facebook and Instagram page.

For local and breaking news, sports, weather alerts, videos and more, download the FREE KTSM 9 News app from the Apple App Store or the Google play store.

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Can anyone control the price of carbon? – Fri, 04 Jun 2021 05:55:32 +0000

Carbon prices on the EU Emissions Trading System are currently increasing too rapidly, making the market extremely volatile, but it appears that the European Commission does not have any effective stabilization tool to do so. remedy, write Robert Jeszke and Sebastian Lizak.

Robert Jeszke heads the strategy, analysis and auctions department and the Climate and Energy Analysis Center (CAKE) in the National Emissions Management Center (KOBiZE), part of the Institute for Environmental Protection – National Research Institute.

Sebastian Lizak is an expert in the strategy, analysis and auction department and the Climate and Energy Analysis Center (CAKE) in the National Emissions Management Center (KOBiZE), part of the Institute for Environmental Protection – National Research Institute

The European Union faces the challenges of implementing the Green Deal while initiating economic recovery from the COVID-19 crisis. While the financing of investments is often discussed, we need a transparent policy framework that makes investments in climate-friendly technologies economically viable.

Therefore, the EU ETS market itself requires special attention, especially in relation to increases in the EU carbon price, which has reached a new high per tonne.

From April 2013 to May 2021, the price of EU Allowance (EUA) increased on the secondary spot market from € 2.75 to € 54.34 (over 1,900%). 2.75 € is the lowest EUA price on the secondary market since 2008, when it became possible to bank allowances between periods.

How big are these increases and could this be the start of a price bubble? Comparison with a stock market bubble on the US NASDAQ that burst in 2000 before gaining 3,000% over 10 years (“dot-com bubble”) indicates that we are halfway there.

However, if we compare the current distance of EUA and NASDAQ prices in March 2000 with the 200-session moving average, we have exactly the same values: we are now 2.6 times higher than average.

So what affects such high EUA prices? EUA prices not only reflect the current fundamentals of the EU ETS, but also anticipate long-term future conditions, including the tightening of ceilings through 2030 and beyond (for example, through reduction targets higher or possible changes in the market stability reserve).

This is due to the specificity of the EU ETS itself, including 10-year compliance periods and the possibility of having bank allowances. It affects the entities of the EU ETS, which have had to modify their hedging strategies. This is a challenge for the industry sector, which prefers to keep allowances in accounts rather than sell them and even buy them to avoid future shortages.

Other market participants, including long-term investment hedge funds and short-term market speculators, are buying EUAs as a great opportunity to profit. For example, the market share of hedge funds has increased sharply from 4% to 9% since February 2020 (according to Refinitive data from April 2021).

It seems it is only a matter of time before products aimed at individual investors, for example investment funds or Exchange Traded Funds, start to appear in Europe. Such funds are already available in the United States, for example the KraneShares Global Carbon Exchange Traded Fund holds 77% of the EUA market and assets worth 300 million USD.

It doesn’t take a market visionary to predict that this will dramatically increase EUA demand and price gains. In discussing the growing role of stock speculation, we should consider whether the market is sufficiently protected against the risk of manipulation.

Few recent market incidents (e.g. anomalous Polish auctions exceeding the secondary market price by € 1.5 or articles from the Financial Times that clearly affected the EUA price the day after publication) can be found.

The first case could be seen as a potential use of the primary market to manipulate the price in the secondary market. The second case could be considered as a potential profit to express an opinion on a financial instrument.

There has been no interest in such cases, although the provisions of the Market Abuse Regulation call them a form of manipulation. These potential risks could be seen as an opportunity to introduce better market guarantees, in particular by amending the provisions of the Market Abuse Regulation and the Auction Regulation.

There is no doubt that EUA prices are currently increasing too rapidly, making the EU ETS market extremely volatile. On the one hand, this is unfavorable for EU ETS compliance entities, but on the other hand, it greatly benefits speculators, for whom extreme volatility means more money.

The question is whether we really want to feed speculators on volatile EUA prices or whether we should instead strive to stabilize them.

Participants in EU ETS compliance should be given some sort of guarantee that when an extreme situation occurs in the market, the European Commission (EC) has a transparent mechanism that can be triggered. Such a “safety valve” would be essential to stabilize the participants in the EU ETS, contributing to better planning of future investments.

It seems that the European Commission does not currently have such effective tools to stabilize prices. The mechanism of art. 29a of the EU ETS Directive – which makes it possible to release 100 million allowances from the market stability reserve and auction them in the event of a sudden increase in EUA prices – cannot be described as such a tool.

It is practically impossible to trigger, given the current structure and the interpretation problems of the provision.

According to the interpretation, the price of the EUA is expected to reach an average of 72 to 74 € before June 2021 (it is around 40 € since the beginning of 2021) or an average of 80 to 84 € over the next six months, based on a two-year moving average.

In addition, any triggering of the mechanism would be conditional on the observed price variation “not corresponding to the evolution of market fundamentals”. This concept can cover any change that affects the EU ETS, and because it is constantly changing, the question arises as to which changes do not “substantially” affect the market.

The triggering of the mechanism is also conditional on the meeting of the Climate Change Committee, which may take some time. All of this shows that the European Commission has a decisive voice in this matter, and its interpretations determine whether market intervention will take place.

The next revision of the market stability reserve could be an excellent opportunity to introduce a price stabilization mechanism. One of the things to consider is the possibility of opting out of the cancellation of EUAs in the Market Stability Reserve after 2023 (a “rollback mechanism”).

These allowances can become valuable assets in the future when market conditions change dramatically and intervention is required. An uncontrolled increase in volatility that destabilizes EUA prices would be extremely negative for the EU ETS.

Lowering participants’ confidence through lack of price stabilization and predictability in the context of planning future investments is the latest issue the European Commission wants to tackle just ahead of the “Fit for 55 Package” discussion scheduled for July.

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Summer programs kick off in Marion as COVID-19 restrictions lifted Thu, 03 Jun 2021 08:50:19 +0000

With children out of school for the summer and Centers for Disease Control and Prevention relax mask guidelines for the summer camps, the youth programming is in full swing.

The same can be said in Marion, where some camps have already started for the season. Programming ranges from recreational activities, such as offers from the YMCA and the Boys and Girls Club, to educational activities, such as the Summer Reading Club at the Marion Public Library.

If you’re still looking for a place to send your kids this summer, here’s a guide to some of the summer programs offered in Marion County.


The Marion Family YMCA started his summer camp on Tuesday. Executive Director Theresa Lubke said this year’s camp is full, with between 50 and 65 children per week enrolled. She believes parents are ready for their kids to participate in activities again after more than a year of virtual programming and restrictions.

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Airtasker (ASX: ART) share price fell 11% in one month Thu, 03 Jun 2021 01:23:58 +0000

Image source: Getty Images

Despite the announcement of what appears to be nothing but good news over the past 30 days, the Airtasker Ltd (ASX: ART) the share price fell 11.24%.

A month ago Airtasker’s shares would have cost an investor $ 1.29. Now the Airtasker share price is trading at $ 1.15. So what has been driving the share price of the online outsourcing company lately?

The month that was for the Airtasker share price

Airtasker’s share price fell 16% between the first trading session in May and its first announcement of the month.

Then, starting in mid-May, Airtasker released 2 price sensitive news to the market, both of which received positive feedback from ASX investors.

Let’s take a look at the latest Airtasker news.

Expansion abroad

On May 21, Airtasker announced its intention to acquire Zaarly.

Zaarly is a local services marketplace based in San Francisco. It has more than 597,000 users and more than 900 service providers.

Airtasker has agreed to pay around $ 3.4 million for Zaarly.

The acquisition of Zaarly is Airtasker’s first overseas expansion effort. It plans to continue its expansion in the UK in due course. Airtasker shares halt upon acquisition announcement

Increase in capital

To finance the acquisition and its international growth plans, Airtasker raised funds of $ 20.7 million.

The capital increase involved 20.7 million new shares at a price of $ 1 each offered to institutional, professional and sophisticated investors.

The $ 1 price represented a 7.4% discount from the previous closing price of Airtasker stock.

The company announced the successful placement and released its shares on May 25.

On that day, the Airtasker share price closed 12% higher than on its previous trading session.

Airtasker share price snapshot

Despite its recent drop, Airtasker’s share price is still in the ASX green.

Currently, it’s 9.05% higher than it was when it debuted on the ASX in late March. Its opening price was only $ 1.05.

The company has a market capitalization of approximately $ 479 million, with approximately 413 million shares outstanding.

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Billionaires’ Row homeless shelter returns, portal appears in Vilnius, Lithuania, etc. Tue, 01 Jun 2021 16:02:02 +0000

Welcome to the start of another work week (if you’re in the US and just finished a long Memorial Day weekend). There is a lot of art, architecture and town planning news to catch up on, and A usefully rounded it off to bring readers back into the picture.

Here’s what you need to know today:

Digital “portals” now link Vilnius, Lithuania, and Lublin, Poland

The ongoing COVID-19 pandemic is keeping international travel to a minimum for now, so the timing couldn’t be more perfect for the city of Vilnius, Lithuania to install a digital ‘window’ on Lublin, Poland. Apparently under development for five years by engineers from Vilnius Gediminas Technical University and recently installed at the city train station, cameras and screens built into the circular gate (reflected 375 miles away in Lublin) allow views two-way live, rain or shine. . The project organizers (who explicitly drew references Portal games in their branding) plan to bring similar portals to more cities in the future.

H / t at The edge

Biden administration wants to increase funding for National Endowment for the Arts to highest level ever

Last Friday, the Biden administration revealed its Budget of $ 6 trillion for fiscal year 2022, which included a surprising increase in federal funding for arts and culture. The typical trend is to float cuts in the National Endowment for the Arts (NEA) –the Trump administration wanted to completely suppress the agency[…]but if the proposed budget is passed as is and $ 201 million is allocated to the NEA, that would be the most money the agency has received since its founding in 1965.

H / t at The art journal

Tariffs on imports of Canadian lumber could increase further

US Department of Commerce plans to increase tariffs on Canadian softwood lumber, even as lumber prices continue to hit rock bottom. started to have a negative impact on the housing market. By examining Canadian lumber prices up to 2019, the Department investigated whether these products were “dumped” (or exported at a loss to undercut domestic lumber prices) and came to a conclusion. the conclusion that the tariffs on these products should be doubled from 9% to 18%.

Court ruling clears way for Billionaires’ Row homeless shelter

Opponents of plans to build a homeless shelter in the former Park Savoy hotel on West 58e Street in Manhattan would have lost his candidacy in the New York Court of Appeals. A group called the West 58th Street Coalition filed a lawsuit in New York City in 2018 to prevent the men’s shelter from being realized directly behind the ultra-expensive One57 tower on Billionaires’ Row (West 57e Street), but now that the costume has reached the end of the road and can no longer be climbed, residents openly expressed their grievances in the To post.

H / t at Bloomberg

Peter Marino’s Southampton Arts Center opens to the public

First announced in 2018 but delayed by the COVID pandemic, the Peter Marino Museum and Art Foundation in Southampton, New York, will finally open for the summer. Marino purchased the Victorian Gothic Rogers Memorial Library, formerly an annex of the Parrish Art Museum, in 2018 with the intention of renovating the 125-year-old building into the new home of the Peter Marino Art Foundation. With help from the nearby Southampton Arts Center, this work is finally done, and the building will host cultural events throughout the year and showcase Marino’s extensive personal collection.

H / t au New York Post

101 Freeway Wildlife Crossing Receives $ 25 Million Boost

Plans to build the world’s largest wildlife passage in southern California have reportedly received a big fundraising boost. The Liberty Canyon Wildlife Crossing, which would cross a ten-lane section of Highway 101 in the Santa Monica Mountains, received a $ 25 million grant from Wallis Annenberg and the Annenberg Foundation. This brings the project total to $ 44 million raised so far and puts the campaign to create a 210-foot-long bridge for cougars, rabbits, coyotes, bobcats and other endangered native animals, a no more towards the field.

H / t at ABC7

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CCN appoints students from Dean’s List Mon, 31 May 2021 15:13:00 +0000

Longtime Mount Airy News reporter and former Lifestyles editor-in-chief Eleanor Powell will be laid to rest today in a service scheduled for 2 p.m. in Mount Airy.

Powell died last week at the age of 90.

Powell, known affectionately to her former colleagues at The News as Miss Ellie, said in a 2012 interview that it was a high school internship she started at age 17 that had put on her life’s work.

As a high school student, she began working part-time at the newspaper, typing community news and releases, and writing a weekly column aimed at teenagers.

“I entered the building when I was 17 and never left,” she laughed in 2012, when she was only days away from retirement. .

She left the newspaper before this retreat – twice. She married Joe “Pete” Powell in 1949, and after working with The News for a few more years she and her husband started a family, so Miss Ellie took a few years to raise her three children, returning to The News when the youngest of the three was old enough to start school.

In 2007, after working at the newspaper for 47 of the previous 59 years, she retired.

It didn’t last long. Less than a month later, she was ousted from retirement by then-publisher Gary Lawrence. She has joined the staff, returning to her former role as editor-in-chief of Lifestyles as well as editor-in-chief of the popular weekly publication Surry Scene, a key milestone during a tumultuous time in The News’ history.

Lawrence, who was a vice president of Heartland Publications operating out of the Middlesboro Daily News in Middlesboro, Ky., Recalled this period on Monday. Heartland had recently purchased the Mount Airy News, along with several other North Carolina newspapers, and many Mount Airy News staff left their jobs without notice.

Miss Ellie had chosen to retire during the ownership transition. Lawrence came to Mount Airy, initially on a temporary basis, to take over the direction of the newspaper in light of the walkout.

“While somehow managing to publish a newspaper with only a handful of employees and trying to find people to fill the vacancies, I managed to reach out to a few people in the community and seek advice from the remaining staff, ”Lawrence said. “There is no doubt that the most frequent and forceful response I got from all of this advice was, ‘You have to bring Eleanor Powell back’ in the journal. People love her and the stories she presents to the community.

Lawrence contacted Powell, who was at the beach and was in no mood for a chat after hearing rumors spread by former staff about “how the new owners were going to cut people, cut benefits, cut this and that, ”Lawrence said.

He was able to convince her to sit down and speak with him upon his return to Mount Airy – by that time, Lawrence had been appointed editor of The News, while retaining his role as vice president of the company.

An hour-long meeting managed to convince Powell that the rumors were just that – rumors with no truth to them, so Lawrence asked him to consider returning to The News.

“Fully understanding the situation, and in concert with exactly how savvy she really was, she described her salary, working conditions and other guarantees on the support of the newspaper, employees and the community.

Lawrence said his response to each was a simple “Yes, ma’am.”

After realizing she was okay with returning, Lawrence said he wanted to close the deal. “Okay, we’ll put an ad in tomorrow’s paper, I’ll see you at 8 am Monday morning.” His line was “Oh no, I don’t show up until 10 am and I don’t start until a week on Monday”, and once again I had nowhere to go but “Yes, ma’am”.

Upon her return, Lawrence said he had grown in her respect for her as a person and a journalist.

“I would never diminish the contributions of anyone who stayed at the journal and worked their tails for the next six months saying she was the only reason we … survived that time, but I firmly believe that she played a key role in stabilizing the rumor. “Bad, new owners” like “not so bad after all”.

“From a personal standpoint, I have come to love her, to cherish our time together and my admiration for her has grown tremendously. She was a force of nature and while I’m sad she’s gone I bet whatever I have, she’ll likely cover a board meeting of significant importance in her new home community.

The stabilizing force that Miss Ellie brought back to the newsroom continued for half a decade, until she last retired in December 2012.

“I did almost everything there was to do here,” she said at the time. Shortly after starting her internship, she found herself a regular member of the staff, doing whatever was necessary to produce the document. Shortly before her retirement in 2012, Powell said she covered city council meetings, breaking news, taking pictures of auto wrecks and other current events, and writing hundreds if not thousands of articles and columns over the years. She said she had even been known to sell an ad or take a subscription order at different points in her career.

For much of her time at The News, Powell was editor-in-chief of Lifestyles, writing a weekly cooking column, a weekly article for Surry Scene, covering weddings, engagements and much of the newspaper’s social news. . For most of the weeks of his tenure, Surry Scene was filled with social events and feature films. The journal also compiled an annual cookbook containing recipes and cooking features that she had written over the past year.

“Before I came to Mount Airy, I had heard of Ms. Ellie before,” said current editor Sandra Hurley, who was general manager when Powell retired in 2012. “In conversations about the teams editorials, the Society’s writer at Mount Airy was cited as an example of how the job should be done. She was gracious, she was involved in the community, and most of all she wanted to share the stories of life in her city.

“There were many times an event couldn’t move forward until Eleanor Powell said she was done getting all the photos she needed. She was like a butterfly in the audience, bringing smiles to many, as she walked around the room, taking pictures, taking names and asking questions. Civic clubs, schools and faith groups knew how to keep Ms. Ellie on their contact list and her work with Surry Scene over the years has recorded good deeds and life events so our readers can share those joys.

During his career, his writing has won awards from the North Carolina Press Association, the NC State Food and Nutrition program, the NC Lions, and other organizations.

While Powell was an accomplished journalist, this was hardly her only impact on the community. She was a founding and life member for 60 years of the Modern Gardeners Garden Club, serving on several occasions as president, vice-president of the club and chair of the publicity committee.

Due to her expertise and experience in the garden club movement, she was appointed to the Mount Airy Appearance Commission, where she served numerous terms.

“She will be truly missed, and she was loved by so many people, especially her friends here at the Mount Airy News,” Hurley said.

His funeral service will be held at Central United Methodist Church, 1909 N. Main Street, Mount Airy on Wednesday at 2 p.m. with Rev. Danny Miller and Rev. Kennette Thomas officiating. Interment will follow at Oakdale Cemetery. Family will receive friends from 1 p.m. to service time in the hall adjacent to the church’s family life center. Due to public health concerns, participants are asked to wear a mask and practice social distancing.

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