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Value Investing | Market Insight of Investment Gurus

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Value Investing | Market Insight of Investment Gurus


50 South Capital Advisors, LLC, the overall accomplice of the North+Dakota+Development+Fund, is happy to announce that gener8tor, a number one enterprise capital agency and startup accelerator with applications in communities all through the Midwest, is the fund’s most up-to-date funding. As a startup accelerator, gener8tor supplies intensive steering, help and construction to startup firms.

With the help of fifty South Capital, gener8tor will launch a flagship equity-based startup accelerator program in Fargo, in addition to two non-equity-based (free) gBETA pre-accelerator applications in each Grand Forks and Fargo. The applications will run yearly for the following 5 years. gener8tor will even make choose direct investments in different North Dakota-based companies.

Based in 2012, gener8tor is a nationally-ranked enterprise capital agency and accelerator that brings collectively startup founders, traders, firms, job seekers and universities. The gener8tor platform contains greater than 75 applications spanning startup accelerators, company programming, speaker collection, conferences, expertise accelerators and fellowships. gener8tor’s mission is to be the very best accomplice for a group by investing in its finest and brightest entrepreneurs and driving measurable and transformational development via programming that allows equitable entry and alternative.

50 South Capital is a number one alternate options funding agency and a wholly-owned subsidiary of Northern Belief, a number one world monetary companies agency.

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“Over the previous decade, gener8tor has emerged as one of many premier accelerators supporting early stage firms in undercapitalized communities throughout the Midwest,” stated 50 South Capital Director Kodee Furst. “We’re thrilled to accomplice with them and convey their expertise and expertise to additional capitalize the earliest phases of the North Dakota entrepreneurial ecosystem.”

gener8tor is 50 South Capital’s fourth funding for the North Dakota Development Fund.

About 50 South Capital Advisors, LLC

50 South Capital Advisors, LLC is an alternate options asset administration agency designed to fulfill the core strategic wants of traders searching for entry to non-public fairness, non-public credit score and hedge funds. Its extremely skilled workforce works carefully with a variety of traders to meet particular funding targets and create lasting relationships. 50 South Capital’s funding philosophy focuses on offering entry primarily to small-to-mid sized managers that supply distinctive and differentiated sources of return. 50 South Capital is a completely owned subsidiary of Northern Belief Company. Go to www.50SouthCapital.com for extra info.

About Northern Belief

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Northern Belief Company (Nasdaq: NTRS) is a number one supplier of wealth administration, asset servicing, asset administration and banking to firms, establishments, prosperous households and people. Based in Chicago in 1889, Northern Belief has a world presence with workplaces in 22 U.S. states and Washington, D.C., and throughout 23 places in Canada, Europe, the Center East and the Asia-Pacific area. As of March 31, 2022, Northern Belief had belongings below custody/administration of US$15.5 trillion, and belongings below administration of US$1.5 trillion. For greater than 130 years, Northern Belief has earned distinction as an trade chief for distinctive service, monetary experience, integrity and innovation. Please go to our+web site or observe us on Twitter.

Northern Belief Company, Head Workplace: 50 South La Salle Avenue, Chicago, Illinois 60603 U.S.A., included with restricted legal responsibility within the U.S. Please learn our world+and+regulatory+info.

View supply model on businesswire.com: https://www.businesswire.com/information/house/20220629005102/en/



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North Dakota

Careful cleanup continues on Foster County train derailment

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Careful cleanup continues on Foster County train derailment


BORDULAC, N.D. — An early morning train derailment on the east edge of Bordulac on Friday, July 5, led to 29 cars leaving the tracks and igniting a large fire at the site.

At approximately 3:53 a.m. Friday, first responders from Carrington Fire and Rescue and CHI Carrington EMS were dispatched to Second Street Southeast and 75th Avenue Southeast for a hazardous materials incident near Lake George just outside Bordulac.

Ten to 15 cars were reported to have caught on fire, with an estimate of 25 to 30 cars leaving the tracks upon initial inspection. The train was traveling east through Bordulac when the derailment occurred.

No injuries were reported from the accident, though EMS was on scene to provide backup for any fire or hazmat team personnel working to extinguish the fire and clean up and clear the site.

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Heavy rains that came through the Carrington area the previous day may have been the culprit for the derailment. At the site of the incident, a culvert partially washed out, compromising the railroad bed. Though much of the estimated 145-car train passed through Bordulac without issues, the tail end of the train derailed.

County Road 1613, locally known as the Bordulac Highway, was closed to traffic, along with portions of Highway 200, during the early morning hours of July 5 as county and state officials worked to keep persons away from the area. The town of Bordulac was under mandatory evacuation, as well as one rural residence approximately 1/2 mile from the scene.

The fire burned for the remainder of the morning and much of the afternoon, continuing into Saturday and Sunday while CF&R worked around the clock to contain it.

According to Stutsman County Emergency Manager Andrew Kirking, working as Foster County’s interim emergency manager, primary goals set forth at an incident command meeting the afternoon of the derailment were threefold: to preserve the lives and safety of residents and responders, stabilize the incident and minimize environmental impact.

Along with extinguishing and cooling the rail cars, tactical objectives included removing as much material as possible from the cars and preparing the site for heavy equipment to remove them.

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Kirking said that since the area is wet, boggy and marshy, timbers were used to stabilize the scene for responders to better combat the blaze and engage in cleanup operations.

“We just needed to get our ducks in a row before we attack it,” Kirking said that morning.

He reported at the initial meeting later on Friday that two pumping trailers doused the derailed cars “with success.”

“Quenching the fires has had an effect on the plume, slightly lightening its color from black to gray,” said Kirking, noting the smoke color change meant fewer materials actively burning and more steam released into the air. As a result, he said, the plume lost upward development, and air, soil and water monitoring continues with no life safety risks.

At 4 p.m. on Friday, NDResponse issued a Temporary Flight Restriction for one nautical mile surrounding the derailment site and 1,000 feet above the site and below. Operation of all aircraft, including drones, was prohibited with the exception of emergency services-approved aircraft effective for 48 hours, until 4 p.m. Sunday, July 7.

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Smoke billows from the site of a train derailment near Bordulac, North Dakota, on Friday morning, July 5.

Erik Gjovik / Foster County Independent

According to the National Transportation Safety Board, which arrived on scene Saturday, the contents of the derailed cars involved methanol, anhydrous ammonia and plastic pellets. Kirking said the burning pellets contributed to the black smoke early in the crash. NTSB has been at the site, along with officials from the Federal Railroad Administration.

Saturday morning updates revealed that firefighting operations throughout the night and morning were incredibly successful, according to Kirking, and much of the fire had been extinguished by that time, with occasional flare-ups. Later that evening, recovery efforts for the rail cars began.

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Because the cars still have products inside them, Kirking said that each unit must be individually evaluated, relocated and emptied of as much material as possible before final removal can occur.

“The situation is being closely monitored by environmental specialists to ensure as little product as possible is lost,” he said.

Canadian Pacific Kansas City Railway has developed an in-depth and procedural recovery plan, and local responders have been briefed on the plan’s specifics and were still on-site as of Sunday afternoon and beyond for anything that may arise.

He reassured residents on Saturday that readings from the North Dakota Department of Environmental Quality regarding air contamination in the area were effectively near zero, and that remote monitoring downwind also showed no contamination.

On Sunday, however, Kirking said air monitors detected low levels of anhydrous ammonia after one rail car began venting during removal from the site. For precautionary purposes, Bordulac-area residents were subject to a shelter-in-place notice, which has since been lifted.

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Kirking concluded, “I would like to commend the efforts of responders, state and federal partners, the selfless aid of mutual aid partners, and the community commitment of Canadian Pacific Kansas City Railway for their prompt and proportional response.”

Bordulac is a town of 18 people about 40 miles north of Jamestown.





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North Dakota

Check out North Dakota’s Pregnancy and Parenting portal.

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Check out North Dakota’s Pregnancy and Parenting portal.


Concerned Women for America (CWA) of North Dakota wants you to know about the state’s online portal resource for expectant mothers and families. CWA of North Dakota leaders and pro-life legislators worked together in the last legislative session to see the North Dakota Health and Human Services develop the life.nd.gov website, which links users to the “Welcome to North Dakota’s Pregnancy and Parenting” portal.

CWA’s CEO and President, Penny Nance, has been encouraging the creation of an online portal at the federal and state level to help mothers and families in need find the resources of pregnancy help centers, adoption services, and other available pregnancy and parenting services. With our state’s  life.nd.gov website, North Dakota provides compassionate care and life-giving support to assist mothers and their babies, and resources are available to them.

To help spread the word about the website, North Dakota Health and Human Services developed a postcard, “Life ND Helps New Parents Take Their First Steps.”

Let’s join them in spreading the word; forward this message to your friends and family today!

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US: Fire following train derailment largely extinguished in North Dakota – www.lokmattimes.com

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US: Fire following train derailment largely extinguished in North Dakota – www.lokmattimes.com


Los Angeles, July 7 The flames from railcars carrying hazardous material have been mostly extinguished one day after a train derailed in the midwestern US state of North Dakota, local media reported.

Foster County Emergency Manager Andrew Kirking was quoted by KFYR Television station on Saturday as saying that firefighters carried out operations from Friday night to Saturday morning at the site of the train derailment near Carrington County, east of Foster County.

Most of the fire has been extinguished, with only occasional flare-ups as railcars were moved, the report said.

Contents of the derailed cars included methanol, anhydrous ammonia and plastic pellets, and air monitoring has consistently shown zero-per cent air contamination in the area, reports Xinhua news agency, citing Kirking.

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According to the North Dakota Department of Emergency Services, the train carrying hazardous materials derailed and caught fire early Friday morning with no injuries reported.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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