Henderson gets boost from EU bond buying

first_img whatsapp whatsapp Tuesday 28 April 2015 9:16 pm Express KCS FUNDS firm Henderson Group reaped the benefits of European quantitative easing in the first quarter after inflows surged to a new record.The FTSE 250-listed fund manager, led by chief executive Andrew Formica, lured £3.6bn into products for the three months ending March. Strong allocations from retail investors, amounting to £2.9bn, helped drive overall assets under management to £89.4bn – a 10 per cent rise compared to last quarter’s numbers. Institutional inflows were £700m. The European Central Bank (ECB) launched an unprecedented wave of bond buying earlier this year in a bid to boost flagging growth across the Eurozone which benefitted the firm. Formica said first quarter flows were “boosted by the announcement of European quantitative easing in January.”“Increased client demand for European assets has coincided with a sustained period of excellent investment performance from our core European products,” he added.However he cautioned there were uncertainties about how long QE would last in Europe and warned on uncertainty in the UK and a future rate rise in the US. Sharecenter_img Henderson gets boost from EU bond buying More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLivestlyThe Best Redhead Actresses, RankedLivestlyTotal PastThis Was Found Hiding In An Oil Painting – Take A Closer LookTotal Past Tags: NULLlast_img read more

News / Fears over challenges posed by IMO 2020 also being felt in dry cargo sector

first_img By Mike Wackett 23/07/2019 London-based dry cargo association Intercargo has warned of its “growing concern” at the “magnitude of the challenge” ahead for shipowners and operators with the IMO’s 0.5% sulphur cap on marine fuels coming into force on 1 January.“It is extremely worrying that compliant fuels have so far been made available only in a limited number of ports and under unfavourable terms for voluntary early testing by ships,” said Intercargo.It added that charterers and operators were currently not obliged to make purchase futures of compliant fuel, hence the practical testing and crew training will be very limited and pushed towards the end of the year.The association warned: “This situation creates significant safety implications for the operation of ships, which could eventually threaten the safety of seafarers, ships and cargo, as well as the marine environment.”It urged ship charterers and operators to start the process of purchasing compliant fuels and enhance crew training.“Seafarers deserve our special consideration, as the industry will largely rely on their skills for managing the new compliant fuel aboard ships on the high seas to ensure a smooth implementation of this drastic change.”Indeed, with just five months before the IMO’s maximum 0.5% sulphur content on bunker fuel comes into force – other than for ships fitted with exhaust gas cleaning scrubber systems, which will continue to be able to burn heavy fuel oil (HFO) with a sulphur content of up to 3.5% in non-SECA regions – the focus has shifted from the additional cost of compliant fuel to concerns over supply chain disruption.Several forwarders have advised their clients of the possibility in the transition period and advised them to “book early” in Q4.It fact, this was the overriding concern expressed to The Loadstar by shippers and forwarders at the recent Multimodal and Transport Logistics events.Basel-based forwarder Panalpina has warned its customers of “considerable potential for supply chain disruption” from “delays in fuel supply, denied port calls and retrofitting” of scrubbers. Scrubber systems can take between six and eight weeks to install, with the vessel out of service.Containership brokers The Loadstar has talked to recently have talked of a “significant tightening of supply” in the second half of the year as a consequence of the expected rush to retrofit tonnage with scrubbers.“Looking ahead a few months, the liners will not be able to cover everything, so we expect a temporary reversal of the supply-demand balance, and we are already seeing extensions commanding much higher daily hires,” said one broker today.And for carriers that have opted to comply with IMO 2020 regulations by switching to low-sulphur fuel (LSFO) Intercargo’s concerns are shared in the container sector.Notwithstanding that the majority of the larger vessels will fuel at traditional bunker hub ports, some of the secondary trades will see ships replenishing their tanks at ports where concerns about the availability of LSFO and the quality of the blend supplied have already been expressed by ship operators. ID 89435498 © | Dreamstime.comlast_img read more

Something Ventured: Akrevia Therapeutics and three other startups got venture funding a year ago. Did it help them do what they said it would?

first_imgBiotech Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Kate Sheridan By Kate Sheridan Dec. 12, 2019 Reprints @sheridan_kate Unlock this article — plus daily coverage and analysis of the biotech sector — by subscribing to STAT+. First 30 days free. GET STARTED What’s included? About the Author Reprints What is it? GET STARTEDcenter_img STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Something Ventured: Akrevia Therapeutics and three other startups got venture funding a year ago. Did it help them do what they said it would? General Assignment Reporter Kate covers biotech startups and the venture capital firms that back them. This story is part of STAT’s quarterly series Something Ventured, which looks at early-stage startups. You can read the earlier stories in the series here. Early-stage biotech companies are almost always raising money. That cash, CEOs say, fuels their amazing science and potentially amazing drugs. [email protected] Log In | Learn More Hyacinth Empinado/STAT Tags biotechnologyBostonfinanceSTAT+last_img read more

Buckingham residents relieved as Eta passes with little effect

first_imgAdvertisement Deputies investigate smashed car scene near Iglesia Peniel church in Buckingham September 18, 2020 BUCKINGHAM, Fla. – People living in Buckingham are breathing a sigh of relief after seeing only minor effects from Tropical Storm ETA.“…That it’s not a crazy hurricane, yes I’m very relieved,” said resident Erika Rios.Overnight and into the morning hours, the area saw heavy rain leaving swales and some intersections with standing water.That’s why the Rios’ family stays prepared with essentials ahead of any storm heading our way. Advertisement Advertisement“Floridians for the most part stay prepared. It’s natural for us to go get an extra two, three packs of water,” said Julio Rios.Lee County said DOT wasn’t called to any areas with significant flooding.  Woman accused of stealing from Buckingham wedding venue after owner gave her a place to stay September 24, 2020center_img AdvertisementTags: buckingham AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments RELATEDTOPICSlast_img read more

Do It For Dan: Donie for Barrowhouse, World Record Challenge, raunchy photos and monster auction

first_imgGlorious cake giveaway A Rathdowney woman who bakes amazing cakes is giving one away in aid of Do It For Dan.Norah McGrath bakes the most incredibly creative cakes and all you have to do to be in with a chance of winning this one is donate to her fundraiser.Norah said: “Everyone is more than aware of the funding campaign on going for little Dan.“This is just my way of doing something to help get near the target.“I’m giving away an 8 inch chocolate biscuit, chocolate loaded drip cake.“To be in a chance to win this simply donate a minimum of €5, and when the target goal is reached, I’ll draw a winner.” Do It For Dan: Donie for Barrowhouse, World Record Challenge, raunchy photos and monster auction News Twitter Twitter Facebook Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Dan heals old wounds as Donie set to return to BarrowhouseMore than 10 years ago, Donie Kingston transferred from Barrowhouse to Arles-Killeen and it certainly couldn’t be said that the move was harmonious.However time, and a little boy by the name of Dan Donoher, are great healers it seems as Donie is set to wear a Barrowhouse jersey once again next weekend.Barrowhouse GAA members will collectively walk, run or cycle 300km in aid of Do It For Dan.They are making good progress in their fundraising efforts but they called out their former player in a bid to increase funds.They said: “Donie Kingston, we are calling you out to wear the Barrowhouse Jersey one more time for ‘Do it for Dan’ on Sunday 3rd May on our 5K run.“If you like to see Donie live on FB wearing the jersey once again please donate on the link below and leave a comment.”And the forward instantly replied that he was up for the challenge and set donaters a challenge – which they have now completed.Donie said: ” Challenge accepted. I’ll do a 5km run in a Barrowhouse jersey if the total donated breaks the €3,500 mark by Saturday evening.”Donie will be back in a different version of black and white very soon. Home News Do It For Dan: Donie for Barrowhouse, World Record Challenge, raunchy photos… News Facebook Electric Picnic organisers release statement following confirmation of new festival date Pinterest WhatsApp SEE ALSO – WATCH: Donohers thank the public as ‘Do It For Dan’ goes above €1.5 million Miller’s Home and Garden to raffle lawnmowerIt’s peak gardening season now and Miller’s Home and Garden, which is based on the Dublin Road in Portlaoise, are offering a lawnmower in their Do it for Dan fundraiser.“As a business I’m trying to raise funds for local little boy Dan who requires medical treatment,” says Patrick Miller.“Most people are aware of this cause locally, everyone who donates to this cause on the go fund me page, no matter how big or small will be put into draw to win a beautiful new Stiga lawnmower supplied by myself.“It’s not a raffle or competition, I’m hoping to raise 1000 euro. Once it’s reached I will announce winner of the lawnmower.”Christy’s Do it for Dan Guinness World Record ChallengeThis is a mad one.A transport company has teamed up with a local tractor run in an attempt to break a world record in aid of Dan.Ballybrittas company, Noons Transport, ran by Christy Noon is linking up with the Fisherstown Tractor Run.On Sunday May 10, they will attempt to exceed the World Record Distance by reversing more than 64 km.Christ explained: “Together with Fisherstown Tractor Run, we are trying to challenge the record set for ‘The Longest Distance driving in Reverse in an Articulated Truck’.“On Sunday the 10th of May, we will attempt to exceed the distance of 64km while driving in reverse.“All of the money raised during our fundraiser will go to helping Dan and his family reach their goal to receive this life saving treatment.“We appreciate that this is a difficult time at the moment for a lot of people with the Covid-19 pandemic at large but we want to appeal to everyone to give what you can to this great cause. No donation is too small.CJ Sheeran lads #Dare2BareThis is absolutely brilliant – and hilarious.Mountrath company CJ Sheeran have come up with a very funny way to raise money for Dan Donoher.They have hired photographer Niamh Ryan and she is taking pictures of their male staff in various stages of undress.And the lads seem to be a big hit with more than €4,000 raised in just two days.Managing Director Ashleigh Doyle said: “Our guys have kindly volunteered to do a #Dare2Bare photoshoot to help raise the vital funds needed for the Dan’s treatment.“True talent is about to be unLAOISed live in Mountrath. Magic Mike is in town.” RELATED ARTICLESMORE FROM AUTHOR Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival By Alan Hartnett – 24th April 2020 Previous articleExtra money made available for safety works on ‘one of the most dangerous roads in Laois’Next articleLaois student receives Trinity Scholar award for medicine Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Electric Picnic Pinterest TAGSDo It For Dan WhatsApp Electric Picnic Auction for Dan A group of Laois people have come together to launch a massive auction of sports memorabilia for Dan.A rugby ball signed by Conor Murray, a jersey signed and worn by Liverpool’s Andy Roberston, a football signed by members of Dublin’s five-in-a-row side and a signed Leinster Heineken Cup winning jersey from 2011 are among the items up for auction so far.One of the organisers, Camross’ Daniel Delaney, explained how the auction will work.He said: “We are currently in the organisation phase of the auction and are trying to spread the word through our Facebook page ‘AuctionforDan’.“We are looking for donations for our auction/raffle on an ongoing basis.“We intend to have the auction live on our Facebook page in the next couple of weeks.“For more information on how to get involved or help with raffle prizes big or small, every little helps contact us at [email protected] or phone us on 083 0624737 or 087 0637136 or 087 9618040.”last_img read more

Fresh Waves Striking at NK Fiscal Sovereignty

first_img Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR An exclusive Daily NK report that even low denominationtransactions in North Korean markets now regularly take place in foreigncurrency rather than the country’s ownKorean People’s Won (KPW) offers freshevidence of the grave threat that hard currency usage poses to North Korea’s fiscal sovereignty.According to internal North Korean sources, in recent timestransactions have started to take place entirely in Chinese Yuan (RMB). When100 Yuan is presented in payment, the transaction is computed at the dailyblack market exchange rate and change is then provided in 10 and 1 Yuan bills.This is a new development; previously, it was the absence of small denominationbills and coins that precluded completing transactions in hard currency.According to sources nearer Pyongyang, payments for privatetutoring in English and Chinese in the capital are also frequently paid for inforeign currency, notably U.S. Dollars. Back on March 11th, DailyNK also reported that payment for trips by “servi-cha” or private bus are also being done inhard currency in the modern era.The cause of these changes is clear. Ever since the NorthKorean authorities implemented an economically ruinous flash currencyredenomination on the morning of November 30, 2009, the public’s preference for foreign currency holdingshas grown all the more intense, and the value of the KPW has gone intoconcomitant deep decline.Reviewing this slow but steady push for more and more hardcurrency transactions, South Korean experts declare it a grave threat to thefiscal sovereignty of the North Korean state. The problem is not merely the2009 currency redenomination, they say; evidence of fiscal incompetence andwidespread malfeasance on the part of the authorities becomes clearer withevery economic policy that fails to take off. Popular suspicion of domesticcurrency increases in lockstep, and the desire of people to hold hard currencygrows.Official policy calling for restriction of foreign currencytransactions, which periodically emerges, does not have the desired effect oflimiting usage, either. On the contrary, it drives the preference for hardcurrency holdings.Cho Bong Hyun of the IBKEconomic Research Institute told Daily NK, “The currencyredenomination was a big shock, trust in the authorities’ policies has declined, there is concern over the dangers ofinflation, and therefore faith in local currency has dropped. It’s a vicious circle. If they are going to resolve this they will need toimplement a credible currency policy, but they aren’t going to do that.”“Theyhave to show that they have the capacity to solve the country’s economic woes, but that is not easy whenyou haven’tgot any hard currency reserves and you are finding it tough to attractinvestment,” he went on. “In the absence of some form of reformistchange in the economic sphere, they will not stop this declining faith indomestic currency no matter what they do.”Korea Rural EconomicInstitute (KREI) Vice-president Kwon Tae Jin agreed, saying, “Most NorthKoreans survive off trade, and most people are increasingly aware of problemswith the KPW; so hard currency usage is rising accordingly. The news that smallchange is being given in foreign currency makes it abundantly clear that stateattempts to crack down on this phenomenon have failed completely.”“This is not a political problem. If they don’t open theireconomy to the outside and implement a basket of measures to improve matters,then this problem will never be solved,” Kwon predicted.  By Daily NK – 2014.03.19 11:23am SHARE Fresh Waves Striking at NK Fiscal Sovereignty Analysis & Opinion Analysis & Opinion center_img Analysis & Opinion Tracking the “unidentified yellow substance” being dried out near the Yongbyon Nuclear Center AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] Is Nuclear Peace with North Korea Possible? Analysis & Opinion Pence Cartoon: “KOR-US Karaoke”last_img read more

Emergency benefit to help temporary visa holders

first_imgEmergency benefit to help temporary visa holders From 1 December, people on temporary work, student or visitor visas who can’t return home and or support themselves may get an Emergency Benefit from the Ministry of Social Development, Social Development and Employment Minister Carmel Sepuloni announced today.Previously, temporary visa holders in hardship because of COVID-19 have had support from a temporary programme delivered by Te Tari Taiwhenua, Department of Internal Affairs and the New Zealand Red Cross.Carmel Sepuloni said the Red Cross programme, which began on 1 July, had supported over 12,300 people, helping with basic needs like food and accommodation.“With the end of this programme on 30 November, we want to ensure people eligible and most in need continue to get support with their basic needs while trying to return home as soon as they can, if they are not able to find suitable employment.“Even though the employment outlook and frequency of international flights have improved greatly since we came out of lockdown, some people on temporary visas are still unable to return to their home country and are in hardship because of lost jobs, illness or other unforeseen events,” says Carmel Sepuloni.“I’ve asked the Ministry of Social Development to support people in this situation with an Emergency Benefit for a limited time until 28 February 2021.”Temporary visa holders granted Emergency Benefit are expected to actively look for work or other ways to support themselves, including returning home when they can.“I’ve asked MSD to link people with suitable temporary employment opportunities with a particular focus on places where we have workforce shortages, including seasonal work, wherever possible.”To apply on or after 1 December 2020, people need to visit Work and Income at their nearest Ministry of Social Development office and book an appointment in person.Further informationPeople who aren’t New Zealand residents or citizens are usually ineligible for a benefit or other payments from the Ministry of Social Development. However, during an epidemic the Minister of Social Development may allow the Ministry of Social Development to grant Emergency Benefit to people not normally entitled to it.From 1 July through to 18 November 2020, 12,321 people have been supported by the Red Cross/DIA programme.To be eligible for Emergency Benefit, a temporary visa holder needs:a current temporary New Zealand visa such as a visitor, student or work visa, and not a sponsored visato be in financial hardship with no other means of support (other than funds to purchase a flight home)to be taking all reasonable steps to find other means of support including work, consular assistance, support from family, friends and organisations in NZ or overseas, or arranging to return home on commercial or repatriation flights as soon as they cana New Zealand bank account and Inland Revenue numbertheir passportEligibility will also depend on a person’s income and assets. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:bank, covid-19, Emergency, employment, Family, Government, Internal Affairs, Minister, New Zealand, NZ, purchase, Red Cross, revenue, Social Development, Social Development and Employment, Student, visitlast_img read more

CU Prof Explains Elvis Mystique 22 Years After His Death

first_img Published: Aug. 11, 1999 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail He died 22 years ago this month and yet Elvis Presley is as popular in death as he was in life.Since his death, Elvis has risen from pop idol to religious icon. People make pilgrimages to his house in Memphis. They build shrines to him in their homes, covet his pictures, paintings and figurines — actions suggesting a spiritual figure of importance for many people. “A lot of fans will say, ‘When I talk he listens.’ He is a figure that they can talk with and share their inner thoughts with and pray to,” explains CU-Boulder fine arts Professor Erika Doss. “Fans often told me, this is not a God in my life. But the way in which they talked about Elvis was to talk about him in terms of an intercessor, or an intermediary for whatever it was that they wanted. And in that sense he is a Saint. Because Saints are intercessors.””People have different understandings of Elvis,” said Doss, who studies media and cultural icons and images. “That’s why he has gay fans and straight fans and black fans and white fans and 3 year-old fans and 80 year-old fans. For a lot of people Elvis is very erotic. But for others and his estate, Elvis is a family man. So these images come into conflict.”In May Doss published a book on the Elvis mystique called, “Elvis Culture: Fans, Faith and Image.” In the book Doss examines why Elvis lives on by exploring the multifaceted image of Elvis Presley. “This book is about icons and images and material culture,” said Doss.Editors: Doss is available for interviews.last_img read more

Ericsson braced for China 5G hit

first_imgHome Ericsson braced for China 5G hit 5GEricssonwrite-down Author AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 08 JUN 2020 Related Previous ArticleCanada delays latest 5G auction due to Covid-19Next ArticleHuawei mounts UK charm offensive as pressure grows Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Telkomsel turns on 5G in major citiescenter_img Kavit Majithia Ericsson planned a write-down of assets related to its China business, a move which will see the Swedish vendor hit with costs amounting to SEK1 billion ($108.6 million) in the current quarter.In a statement, Ericsson said the write down was previously anticipated: it warned in its Q1 results it expected to be hit by a temporary negative gross margin in China.The company explained the hit was an effect of strengthening its position in China after winning 5G contracts with all three major operators, and it would be hurt by costs related to asset write-downs of pre-commercial product inventory for the market.It will record the costs in its Networks segment, impacting gross margin.However, the effect is not expected to be long term, with its overall 5G business expected to have healthy profitability.“While the deployment of 5G in China will continue to be dilutive to segment Networks gross margin short-term, it is expected to contribute positively to gross and operating income from the second half of 2020 and in line with the business plan be profitable over time,” the vendor stated.Financial targets for 2020 and 2022 remained unchangedWhile Huawei and ZTE picked up the majority of 5G contracts from China Mobile, China Unicom and China Telecom, Ericsson was one of the biggest non-domestic winners, securing around 10 per cent of contracts, largely at the expense of European rival Nokia. Subscribe to our daily newsletter Back Former Ericsson employees charged in bribery case Mobile Mix: Buzzing for Barcelona Tags Asia last_img read more

Family Recipes Make it to Menu

first_img Email A plate of Guinness cakes is seen in the display case at the Pocketstone Café in Bigfork. “I kind of thought it would stay a dream or if it happened it would be much smaller than this,” Stidham said. “It all worked out with Dave and Carolyn.”Stidham runs Pocketstone with Dave and Carolyn Vale. Dave Vale said after he retired from business in the Midwest and East Coast, he made his way to Bigfork where, he discovered, he still felt like running a business. “I got tired of being retired,” Vale said.So Vale poked around in search of a business idea and bumped into Stidham, whose restaurant dream seemed a perfect match for Vale’s entrepreneurial instincts. Then the building at 444 Electric Ave. opened up and destiny couldn’t be denied.“Everything kind of coalesced to put us here,” Vale said.At the time, Stidham was in the construction business, where she has spent much of her working life. Her work resume includes drywall work, masonry and business management. But until Pocketstone, cooking was reserved for her personal time. Dave Vale has also incorporated his recipes into the menu, but he says he brings more of a baker’s philosophy of precise measurements and chemistry. Stidham, Vale said, can improvise and, well, cook anything. Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. Both the inside and outside of the restaurant were totally refurbished before opening. Reclaimed lumber, carefully hand-picked by Stidham, was used to give the interior an atmosphere of Western authenticity – a marriage of cozy and rustic. Like the food, the building showcases the owners’ tastes.“Our food is home cooked and, when you think about it,” Dave Vale said, “most of our restaurant is homebuilt.”Pocketstone Café is located at 444 Electric Avenue in Bigfork and is open seven days a week from 6 a.m. to 3 p.m. It can be reached at (406) 837-7223 or found online at www.pocketstone.com. Combined, the Vales and Stidham bring a lot of baking and cooking expertise to the table. But to bring home cooking into the restaurant kitchen can be tricky, and that’s where chef Steve Stultz comes in. Stultz sat down with Stidham and the Vales before the café opened and worked through the entire menu to make it workable on a restaurant scale.“There’s a certain trick to making a home recipe operational,” Vale said. “We’ve been pretty happy with how our food’s turned out.”It appears a lot of other people are pleased as well. From the day it opened on June 4, the café has been so busy that it’s taken the first-time restaurant owners off guard. But of all the possible unforeseen difficulties that a new dining establishment can encounter, too many customers offer a welcome hurdle.During the summer tourist season, Dave Vale said Pocketstone attracted up to 400 people per day. That’s dropped by about half, which still pleases the owners. The customers now are almost entirely locals, with regulars coming from as far away as Whitefish and St. Ignatius.Pocketstone serves breakfast and lunch. Specialties include “Big Dave’s Buttermilk Pancakes” and “Karie’s Honey Pancakes,” as well as country benedicts, biscuits and gravy, huevos rancheros, country-fried steaks, homemade soups, Reubens, burgers, salads and more. Everything is made from scratch based off in-house recipes. And it all comes from a snug little kitchen that puts every square inch to use.“I’m just amazed at the quantity of from-scratch food we pull out of that place,” Carolyn Vale said.The café closed two days shortly after opening but has not closed since, including Thanksgiving. On Thanksgiving, Pocketstone provided a free dinner with all the fixings to nearly 200 residents. A donation jar was set out for the local food bank. It ended up garnering $2,300.“Which is good considering we didn’t start out doing a benefit,” Vale said. Katie Sullivan, right, tosses the makings of an Asian noodle salad as Ty Heaton, left, plates a sandwich in the Pocketstone Café kitchen. BIGFORK – Sometimes the best recipe is grandma’s. Or great-grandma’s. Maybe mom’s or dad’s. Karie Stidham, one of three managing partners at Bigfork’s Pocketstone Café, understands the value of keeping family recipes alive, particularly if they’re as good as the ones from her forebears. And fortunately she’s not greedy with her family secrets. In fact, she invites you to try them at the Pocketstone, even if certain elements have been tweaked to accommodate restaurant production levels. Pocketstone is the culmination of years of cooking for friends and relatives – years of harboring a dream to run her own restaurant. TDavid Vale, center, and Carolyn Vale, right, listen as Karie Stidham describes how many of the recipes at the Pocketstone Café are her and David’s family recipes.last_img read more