British Columbia NDP MP Fin Donnelly says hes not seeking reelection in

British Columbia NDP MP Fin Donnelly says hes not seeking reelection in

17 October 0

first_imgOTTAWA — New Democrat MP Fin Donnelly says he will not be seeking re-election in 2019.Donnelly has represented the British Columbia riding Port Moody—Coquitlam, previously called New Westminster—Coquitlam, since 2009.Donnelly says in a statement that it’s time for him to step aside and spend some quality time with his family.NDP Leader Jagmeet Singh thanked Donnelly on Twitter, saying he served the people of his riding with integrity and determination, particularly in protecting coastal communities.Donnelly is the NDP critic for fisheries and oceans and the Canadian Coast Guard.He says he will continue serving his B.C. riding until a new member of Parliament is chosen in the next election in 2019.The Canadian Presslast_img read more

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Boeing wont end dispute with Bombardier despite Liberal plan to buy used

Boeing wont end dispute with Bombardier despite Liberal plan to buy used

13 October 0

first_imgOTTAWA – Boeing has weighed in on the Trudeau government’s plan to buy second-hand fighter jets from Australia, saying it respects the decision but has no intention of abandoning its trade dispute with Canadian rival Bombardier.The U.S. aerospace giant was primed to sell 18 of its Super Hornet fighters at an estimated cost of $6 billion to temporarily augment Canada’s fleet of aging CF-18s until they can be replaced.But the Liberals are scrapping that plan over Boeing’s fight with Bombardier and will announce next week its plan to buy used F-18s from Australia — despite having previously expressed reservations about buying old jets.Boeing, noticeably silent in recent weeks as talk of the Australian fighters heated up in Ottawa, finally broke its silence Friday in a carefully worded statement.Citing media reports that the government would choose the used jets, Boeing said it “respects the Canadian government’s decision” and will continue to look for ways to work with Canada.“Although we will not have the opportunity to grow our supply base, industrial partnerships and jobs in Canada the way we would if Canada purchased new Super Hornets,” the company said, “we will continue to look to find productive ways to work together in the future.”But Boeing also made clear that it had no intention of dropping its dispute with Montreal-based Bombardier, which it accuses of having broken trade rules when it sold dozens of C-Series passenger planes to a U.S. airline.“Our commitment to creating a level playing field in aerospace remains,” Boeing said. “We will continue to support all efforts to build an environment of free and fair competition marked by compliance with agreed-upon rules.”The Liberals said in November 2016 that they would buy 18 “interim” Super Hornets to fill a critical shortage of fighter jets until a full competition to replace the entire CF-18 fleet could be held.The government said at the time that the Super Hornet was the only aircraft able to meet its immediate needs and Defence Minister Harjit Sajjan rejected suggestions Canada buy second-hand aircraft instead.“Yes, there were options for buying old ones,” Sajjan told the House of Commons on May 29. “No, we do not want to buy used equipment; we want to invest in new planes.”But that was before Boeing complained to the U.S. Commerce Department that Bombardier had sold its C-Series jet liners to Delta Airlines at an “absurdly” low price with assistance from federal government subsidies.Commerce officials have proposed a 300 per cent duty on all C-Series planes imported into the U.S., though the penalties won’t be official pending a separate ruling on whether Bombardier hurt Boeing’s business.European aerospace giant Airbus has since proposed to buy a majority stake in Bombardier’s C-Series commercial planes, in the hopes that it can skirt any duties by building C-Series planes for U.S. customers at its plant in Alabama.— Follow @leeberthiaume on TwitterNote to readers: This is a corrected story. An earlier version said Airbus was based in Paris.last_img read more

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Brock Badgers name interim coach for mens basketball

Brock Badgers name interim coach for mens basketball

02 October 0

A coach with significant university and international experience has been handed the keys to the surging Brock Badgers men’s basketball team.Madhav Trivedi, who spent the past five years as an assistant coach at McGill University, has been named interim head coach by Brock Sports Director Neil Lumsden.Trivedi will replace Charles Kissi, who is taking a one-year leave to become an assistant coach with Raptors 905, the NBA G League affiliate of the Toronto Raptors.“We are very fortunate and excited to have Madhav step in as the interim head coach for our Brock men’s basketball team,” Lumsden said. “He brings a number of great qualities that align well with how Charles has built this program. Our expectation is that we continue to elevate the program, which matches the existing trajectory of the players, assistant coaches and Brock Sports.”Trivedi spent four years playing for the Ryerson Rams before joining the coaching staff as a student assistant in his fifth year under head coach Roy Rana, setting in motion a career behind the bench. He was then hired as an assistant coach at Queen’s University before moving to McGill in 2013, where he remained for five years.“I got a chance to work with and learn from one of the best coaches in our country,” he said of McGill coach David Deaveiro. “We won four out of five Quebec championships, went to four U SPORTS National Championships and had four all-Canadians. We really had a great run.”Away from the university basketball scene, Trivedi has been heavily involved in coaching and recruiting, most notably working as a scout with the Israeli Under-20 national team, which recently won its first-ever European Championship.Trivedi decided to move his family back to Ontario from Montreal this summer and thought he was headed back to Ryerson until Kissi called him with the opportunity to coach the Badgers.“Coach Charles embodies what I believe the coaching family should be. He’s providing me with an opportunity, which is so hard to get in this country because there are so few jobs. I couldn’t say no,” Trivedi said.Kissi has left the Badgers in good shape for his successor. The men’s basketball team won a record-tying 31 games in 2017-18, including a win in the consolation final of the U SPORTS National Championships. Just getting to the Nationals was a huge accomplishment for the Badgers, having not been there since Brock won a national title in 2007-08.The Badgers will have to move forward without graduating player Dani Elgadi, who led the team for five years, but Trivedi is confident others are ready to step up.“You can’t replace a guy like Dani, but he is who is because of his teammates and I know they are ready to keep this going. Coach Kissi has built a program where every young man is developing as a person, which means there are multiple leaders in the program. Guys here know what it takes to be a Top 5 team in the country and they want to do it,” he said.The new coach’s philosophy is that you must look at a team as starting from scratch each year.“Even if you’re coaching a team for 10 or 15 years, every season is totally different,” he said. “But with every program, you’re trying to be the best you can and get to Nationals. So for me it’s the day-to-day progress and constantly trying to get better. If you focus on that, you’ll reach your potential.”The Badgers 2018-19 regular season gets under way Oct. 26 at home against Wilfrid Laurier.Visit gobadgers.ca for gameday and ticket information. read more

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Paramedic attacked with noxious liquid when she is flagged down by gang on

Paramedic attacked with noxious liquid when she is flagged down by gang on

25 September 0

first_imgPeter Rhodes, assistant director of operations at LAS, said: “I am appalled by this attack on our paramedic who stopped to help these men who she believed were in trouble, but instead they assaulted her in a premeditated attack, not only harming her but delaying treatment to a potentially critically ill patient.  “We have reported this incident to the police and will do everything in our power to make sure those responsible are identified and convicted for this senseless attack.”   The LAS said that all frontline ambulance crews in London are being reminded of the need to be cautious when flagged down by anyone requesting help or assistance. One of the men then threw liquid out of a plastic bottle at her, which she feared was acid after a spate of attacks across London.Reliving her ordeal, the woman said: “It was horrible. I didn’t know what was going to happen to me.  “It all happened very quickly – one of them threw liquid out of a plastic bottle at me. The window was only open a few inches but the liquid went on my face, neck and chest. He was wearing latex gloves, so my first thought was, is this acid?”The liquid was not acid, but was what the LAS described as a “noxious substance” that caused irritation to the paramedic, who was taken to hospital but later discharged.   A large emergency response following an acid attack in London on July 13Credit:Reuters “It was terrifying,” she added. “This was so cowardly. It is my job to help people. I was on my way to help a patient and I stopped because I am caring and I thought they needed my help. “They have taken away my trust. What they’ve done is horrific in so many ways. “It was premeditated and it delayed a patient getting treatment. It took a paramedic off the road that night. And yet if one my attackers were hurt, I would still treat them because that is the job.”   We’re working with @metpoliceuk & will do everything in our power to ensure the attackers are identified & convicted https://t.co/uS3eqwIi9S https://t.co/eBB2mjLZyg— London Ambulance (@Ldn_Ambulance) July 18, 2017 Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. A large emergency response following an acid attack in London on July 13 They have taken away my trust. What they’ve done is horrific in so many waysparamedic attacked in Tottenham Hale A paramedic feared she was being sprayed with acid when she was flagged down by three attackers while answering a 999 call.The 32-year-old woman had a “noxious substance” thrown at her as she responded to an emergency call about a patient suffering from chest pain.London Ambulance Service (LAS) said the trio appeared to be in distress in Tottenham Hale, north London, when they flagged her down at about 1.30am on Sunday.But as the lone female paramedic, who did not want to be named, stopped to ask the men if they were OK, they pulled up bandanas to cover their faces. Mr Rhodes added: “While this type of situation is thankfully very rare, we are reminding medics they should be mindful of the potential risk and be cautious in similar situations.  “Naturally we are doing everything we can to support the paramedic who is understandably distressed by this incident. We encourage our staff to report violent incidents and do everything we can to give our crews a sense of safety at work”  The attack comes days after a spate of moped acid attacks in less than 90 minutes in London. Six victims, all men on bikes, were allegedly sprayed in the face with a noxious liquid on July 13. Conservative and Labour MPs have added their weight to calls for the Government to get tough on acid attacks.MPs backed tougher sentences as well as a crackdown on sales and a new criminal offence for those carrying sulphuric acid.Labour former minister Stephen Timms, who led a Commons debate on the issue, said that acid is becoming a “preferred weapon for gangs carrying out robberies”.Home Secretary Amber Rudd has already indicated acid attack convictions could soon carry life sentences as part of a crackdown on corrosive substances unveiled by the Government, which includes a review of existing measures.last_img read more

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Bioware explains how Dragon Age 2 DRM will work

Bioware explains how Dragon Age 2 DRM will work

21 September 0

first_imgDigital Rights Management and retail PC games seem to go hand-in-hand. If you buy a boxed copy of a PC game you can expect to have some form of DRM on it.The question is how annoying and painful is that DRM to use? Ubisoft demonstrated how bad it could be with it’s “always-connected” DRM which has now thankfully been scaled back somewhat. Bioware on the other hand has decided to use a bit of common sense with the DRM included with Dragon Age 2. Gamers will be pleasantly suprised we think.The DRM used splits down into two categories. The first is Steam and console versions which will use their own native DRM solutions that Bioware doesn’t add anything to. This means the console versions will just play as normal, and if you’ve used Steam before you know the deal there.As for the retail boxed-copies of the PC version, Bioware is keeping DRM as light as they can and the following measures (or lack of) are in place:No disc check, you do not need the disc in drive to play.No limit on the total number of PCs you can install and play the game on.There is a limit to the number of unique/different PCs that can start/play the game within a time window [5 PCs in 24hrs].Each install requires logging in to your EA account to verify game ownership and if you are a member of [the Bioware] forums, you have an EA account.You can play offline but the game will require a login check after a select period of days.It’s as close to having no DRM as you can get, but still having a few unobtrusive checks in place.There is one further piece of security Bioware is using to ensure the game isn’t played before the release date. It performs a check with the game servers to see if the release date has passed. If it has then the check disappears from the game forever and at no point does it install anything on your PC.The one question that remains unanswered is how many days can you play offline before a login check is required. Bioware say:We’ll have more info on this closer to release. Not trying to avoid the question, we honestly have not settled on this yet – but also did not want to further delay getting the rest of the information out to you. We hope that this form of DRM works for the game because it doesn’t seem intrusive at all. If it’s a success then it will be used again making all our PC gaming lives a little less painful. Who knows, even Ubisoft may start using it eventually.Dragon Age 2 is scheduled for release on March 8 for PC, PS3, and Xbox 360.Read more at the Bioware forums, via Rock, Paper Shotgunlast_img read more

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Name Drawn for the New Member Recruiter Engagement Contest

Name Drawn for the New Member Recruiter Engagement Contest

16 September 0

first_imgCongratulations to Robert Nelsen, (MN) for winning the New Member Recruiter Engagement Contest.There were five names in the pool: Mark Brown, (MN), Jim Kukowski, (MN), Harvey Morken, (ND), Robert Nelsen, (MN) and Larry Thomas, (KY).  Beginning Oct. 1, 2014 and concluding on Sept. 29, 2015, any recruiter who recruited 20 or more new members was eligible for a drawing to win a grand prize. The winner, Robert Nelsen will select a prize of his choice from five options.Grand Prize OptionsPrize Option 1: Apple Technology PackagePrize Option 2: Las Vegas Showstopper VIP PackagePrize Option 3: Hawaiian Fairmont GetawayPrize Option 4: Girlfriends Ultimate Shopping GetawayPrize Option 5: Shotgun or Rifle Packagelast_img read more

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AMIs Fiscal Third Quarter Hit Hard By Hurricane Sandy

AMIs Fiscal Third Quarter Hit Hard By Hurricane Sandy

14 September 0

first_imgAmerican Media, Inc.’s 2013 fiscal third quarter showed mixed results, according to recent company financials. Revenues dropped three percent in the quarter to $85 million. During its fiscal nine months ending December 31, 2012, revenue fell by eight percent, or $24 million, to $262 million.Adjusted 2013 EBITDA, however, was $26 million—a 22 percent increase from the third quarter of fiscal 2012. 
CEO David Pecker says the declines in revenue for the quarter were due to general market weakness, a shift in ad spend to the Olympics and Superstorm Sandy. Pecker said in an earnings call on Thursday that as a result of the storm, there was “delayed media planning and time sensitive promotions and programs [were] cancelled. In addition, AMI’s weekly celebrity newsstand titles in the mid-Atlantic and Northeast regions were impacted due to thousands of stores being forced to close.” AMI also relocated hundreds of employees across eight offices because of the storm, resulting in a total impact of $4 million on earnings. Unfortunately for AMI and many other publishers, the storm ended up exacerbating an already-tough environment. “For calendar year 2012, the consumer magazine advertising market was down eight percent versus the prior year,” said Pecker. “This along with the storm impacted AMI’s third quarter advertising revenue, which was down $2.2 million or 9 percent.”The eight percent decline in revenue for the nine months that ended December 31, 2012 was also due to advertising impacts as well as a circulation revenue decline of about $4.5 million, with the majority coming from discontinued titles.Changing DirectionWhile there were several hits for the company, Pecker laid out plans for growth for the rest of 2013 and beyond.“Shape’s new editorial direction, our investment in paper and book size, our social trade advertising campaign and a completely new sales staff has successfully turned the magazine around,” he said. “After nine consecutive months of year-over-year declines, the January/February issue’s ad revenue was up eight percent versus prior year and the March issue will be up 29 percent.”Several new advertisers have signed on with the brand, both in print and digitally, generating upwards of $3 million. With almost 20 percent of its online traffic coming from mobile, digital revenue for Shape is up 40 percent to $3 million for the nine months versus the prior year.“Digitally, Shape.com saw a 250 percent increase in unique visitors in one year—we went from 2 million in January of 2012 to over 7 million in January of 2013—making it the fastest growing site in the sector,” he said. In addition to gains for Shape, Pecker says the company is working to develop a Shape fitness television show, and will bring in a “major addition to the editorial team” of Muscle & Fitness in the coming weeks. Digitally, MensFitness.com was 400 percent year-over-year in unique visitors to 3 million, page views jumped 300 percent and digital revenue for the nine-month period is up almost 50 percent to $1 million versus the same time last year.Stay updated on the latest FOLIO: news, follow us on Facebook & Twitter!last_img read more

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Inhofe Sets out Priorities for FY20 NDAA

13 September 0

first_imgOne clear consequence of the Democrats regaining control of the House next year will be a contentious battle between the two chambers over the fiscal 2020 defense authorization bill. On Tuesday, Senate Armed Services Chair Jim Inhofe (R-Okla.) outlined his priorities for the measure, signaling disagreement over the size of the defense budget and other policy issues with Rep. Adam Smith (D-Wash.), who is expected to lead the House Armed Services Committee during the 116th Congress. Inhofe took aim at Smith’s call for a smaller nuclear arsenal and, instead, pointed to the nation’s nuclear triad as “the most important area of modernization,” reported Defense News. Inhofe also said he is aiming to use the annual defense policy bill to develop a bigger, stronger military. He wants to speed up the acquisition of Navy ships to help meet the service’s goal of building a 355-ship fleet by 2040, triple the size of the military’s F-35 fighter jet fleet by 2024 and accelerate DOD’s plans for fielding the new B-21 Raider stealth bomber to complete five squadrons. For the Navy, he said would like to authorize procurement of an additional destroyer, increase production rates for the Navy’s new frigate class of ships and shorten the amount of time needed to deliver aircraft carriers, reported CQ.With President Trump expected to propose a cut in defense spending from $716 billion in FY 2019 to $700 billion in FY 2020, Inhofe likely will face an uphill battle to reach a $733 billion topline next year. That’s the figure the Pentagon had been planning to request before the president changed course. Inhofe wants his committee to complete work on the authorization bill by late spring, with a conference report sent to the president by early October. He wants the committee to report out the bill early enough to set topline spending ahead of appropriators, who may not be considering a $733 billion budget for national security. Dan Cohen AUTHOR Navy photo by Sonar Technician (Surface) 2nd Class Aaron Lyonslast_img read more

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Is global economy showing signs of slowdown

Is global economy showing signs of slowdown

05 September 0

first_imgReuters FileLooking at the current scenario, the US economy has been in good shape after keeping the unemployment rate static at 3.6 percent since 1949. Taking a glance at the reported earnings, the companies have performed above estimations because of which the consumer confidence has risen.There are concerns about an impending recession. A section of economists believes that the US economy is overheating as it reported a growth of 3.2 percent in the first quarter. According to the NBER, the longest business cycle expansion in the US lasted for 120 months starting from March 1991 to March 2001. The current cycle, the second-longest expansion in history, began in June 2009 and questions about the longevity of the current business cycle are natural.The fear of a market crash has been marked from the economic fallout of the escalating US-China trade war. The fear has led to a slowing Chinese economy and has resulted in persistent fear of a slowdown of the global economy. The constant fear of the economic fall can be seen by the inverse yield curve which relates to the assumption of a possible slowdown of the US economy.China has been very aggressive with threats and tariff hikes after the US introduced the last round of hikes. China’s threat of restrictions on rare earth metal exports to the US played a game in breaking the US supremacy over the trade economy. The US imports roughly 80 percent of its rare earth metals from China for the manufacture of phones, missile systems, and other hi-tech devices.It has always been evident from the 1929 global depression that protectionism has always affected the global economy adversely. With campaigning for the US presidential elections nearing, the aforesaid might lead to global financial market risk. Legitimate concerns of the US regarding China’s trade practices and escalating the US-China trade war might be harmful to the short term global economy.The Chinese data released by the National Bureau of Statistics has seen a dip of 0.5 points, which is not encouraging. A Bloomberg survey indicates that economists foresee a 15 percent probability of a recession in China in the next 12 months. China contributes a third to the global growth and with a debt to GDP ratio of 265 percent, the problems in China are structural in nature. The growth rate of the Chinese economy is slowing down, what matters is the pace with which the economy slows down rather than the sustainability of past growth momentum. There has been a devaluation of the Chinese Yuan and the reserve requirement ratio has been reduced to 13.5 percent for smaller banks and 15.5 percent for large commercial lenders. China has also announced a fiscal stimulus program.Wang Yang, one of the seven members of China’s Politburo Standing Committee said that the US-China trade war could shave off one percentage point off China’s economic growth this year. China is staring at a housing bubble caused by its massive stimulus during the global financial crisis of the last decade. This has the potential to cause a hard landing for the economy. According to the Chinese data provider, home pricing has increased manifolds.Real estate contributes approximately a fifth of China’s GDP and the Chinese banks have significant exposure to it. This coupled with the risk of an escalating US-China trade war, poses a great risk to China and the global economy as a whole.Adding on to the fire of the trade war, the ‘Tariff Man’, Trump, imposed a 5 percent tariff on all goods imported from Mexico starting from June 10th. The tariff would increase in increments of 5 percent each month till it reaches 25 percent. The US imported $346 billion worth of goods from Mexico right from auto components, avocados to beer and TVs. This should affect the US auto industry badly and has soured market sentiment. Similarly, German retail sales fell unexpectedly and yields on 10-year German government bonds are in negative territory and fell to a record low. Italy is facing pressure over its rising debt-to-GDP ratio.There have been a few highly demoralising data that points out the slowdown of the economy. Orders for Capital Goods fell 0.9 percent in April indicating the economy is not an expansionary mode. US Manufacturing ISM fell sharply to 52.8 vs. 55.3 in March. It marked the weakest growth in factory output since October 2016; this coupled with a slower increase in new orders and production has made investors jittery.Due to worries about the fallout of the US-China trade war, concerns about a global recession and volatility in financial markets may cause the US Fed to move away from its neutral stance and possibly cut rates in the near future. The central bank is already struggling with low inflation and Inflationary expectations as indicated by yields in inflation-indexed bonds are low. The 5-Yr yield on inflation-indexed bonds is hovering at 1.6 percent vs 5-year yield of 1.8 percent on normal bonds.The US has experienced low inflation due to weak wage growth but this may change. Average hourly earnings for April were 3.2 percent higher over last year, 9th straight month of above 3 percent growth. While this may be attributed to a host of factors including a narrow definition of unemployed by the labor department, minimum wage increases in cities and states across the US, a tightening labor market, substitution effect due to offshoring and automation. However, we believe that this impact would be negated by a deflationary impact caused by depreciating Yuan.The signs of a slowdown in the global economy are clear and the cyclical upswing it experienced for the last two years appears to be ending. However, the data is still not consistent with an impending recession. Stimulus in China should have an impact and the US has room to ease policy. IMF expects the growth rate for the world economy to decline from 3.6 percent in 2018 to 3.3 percent in 2019. We also believe that due to policy stimulus, the global economy should pick up in H2 of 2019 and we wouldn’t shy away from investing in risky assets.The world’s two largest economies engaged in a tussle with China dubbing the US actions as “Economic Terrorism” does not augur well for countries like India and the rest of the emerging economies which will certainly feel the heat. On the other hand, if this escalates, some of them in the East in South Asia may benefit from China’s shift in the manufacturing base.[Rajiv Singh is the CEO of Karvy Stock Broking. The views and opinions expressed in this article are those of the author and do not reflect those of International Business Times, India]last_img read more

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PNB destroyed my brand says Nirav Modi in letter Read the full

PNB destroyed my brand says Nirav Modi in letter Read the full

05 September 0

first_img(L-R) Naomi Watts, Nirav Modi and Deborra-Lee Furness attend the Nirav Modi U.S. Boutique grand opening at Nirav Modi Boutique on September 8, 2015, in New York City.Jamie McCarthy/Getty ImagesBillionaire jeweler Nirav Modi, who is an accused in the Punjab National Bank (PNB), has hit back the bank in a letter to its management.In the letter written on February 15, Nirav Modi said the liabilities he had were much less than what PNB had claimed, and that this “misleading” liability claims caused a “media frenzy” that led to immediate search and seizure operations and thereby curbed his ability to clear his dues to banks.Check out the full text of Nirav Modi’s letter to Punjab National Bank, published by Economic Times:Dear Sir/Madam,1. I refer to the extended discussions between us, and between my representatives and your officers. I also refer to my emails dated 13th and 15th February 2018.2. In view of the recent actions by you, the authorities, and the extensive press coverage in the last couple of days, I must state my position to the extent it is relevant at this stage. The media suggests that the liability of the Nirav Modi Group is over Rs 11,000 crores. As you are aware, this is entirely incorrect and the liability of the Nirav Modi Group is substantially less. Even after your complaint was filed, in good faith I wrote to you saying please sell/ allow me to sell Firestar Group or their valuable assets, and recover the money that may be found due not just from Firestar Group, but also from the three firms. The valuation of the business was approximately Rs. 6,500 crores which could have helped reduce/discharge the debt to the banking system.3. However, the erroneous liability resulted in a media frenzy led to immediate search and seizure of operations, which has, in turn, resulted in Firestar International Private Limited and Firestar Diamond International Private Limited effectively ceasing to be going concerns. This has thereby jeopardized our ability to discharge the dues of the group to the banks.4. In light of this, it is necessary to reinstate some facts:I. You have acknowledged that:(a) The Buyers Credit Facility has been extended by PNB to the three partnership firms since several years.(b) There has been no default on the part of any of these firms over all these years.(c) Moneys have gone through PNB over all these years for the repayments of the advances given by the overseas branches of banks under the Buyers Credit.(d) FIPL and FDIPL have been profitable, enjoyed a high (A-) credit rating, and have never been in default to any bank, and its bankers are fully secured.II. You are aware that:(a) PNB has over the years been earning bank charges to the tune of crores of rupees on the Buyers Credit Facility extended by PNB to the three partnership firms.(b) The banks that have extended the money to the firm’s buyers have been receiving payment in full, with interest, in time all these year.5. Yesterday, FIPL and FDIPL’s inventory has been seized by the authorities. As per press reports, the valuation of the is Rs. 5,649 crores. These, and other assets of FIPL/FDIPL and the three firms (including receivables and assets seized) could have settled all the amounts due to banks. However, now that stage appears to have passed, and there is generally panic.7. In your complaint you have wrongly named my brother, who was not at all concerned with the operations of the three firms or FIPL (India) and FDIPL (India). My wife was not connected with any business operations at all and she has been wrongly named. My uncle is also wrongly named in this complaint since he has an independent and unconnected business from mine and none of us are aware or concerned with his dealings with your bank.8. The matter is being described as India’s largest banking fraud. This is far from the truth. Nirav Modi Group ran a legitimate luxury brand business and the brand had become India’s foremost global luxury brand, standing side by side with some of the biggest jewellery brands in the world. In the anxiety to recover your dues immediately, despite my offer, your actions have destroyed my brand and the business and have now restricted your ability to recover all the dues leaving a trail of unpaid debts. Whatever may be the consequences I may face for my actions, the haste was, in my humble submission, unwarranted.9. I would request you to permit salaries for FIPL and FDIPL to be paid for the 2200 employees from the balance lying in the current accounts. Our HR head will send you a breakup of the monthly salary.last_img read more

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Baltimore Police are Called to Help a 16yearold Black Male Being Attacked

01 September 0

first_imgCops in Baltimore, Maryland have beaten up and arrested 16 year old Alonzo Cox on Wednesday night. Cox  was being threatened by 14 year old female with a knife when police arrived. Police officers involved didn’t even try to deescalate when they arrived and immediately started to attack the victim.(Screengrab from video)In a video (below) cops are trying to take 16-year-old Alonzo Cox into custody. Just before that the teen was threatened with a knife by a 14 year old female. Why the cops wanted to arrest the victim is not clear. In the beginning of the video a female cop can be seen throwing handcuffs to the ground almost immediately. Shortly after a male cop can be heard threatening to punch the teen. An eyewitness than says “Why are you hitting him?” The video also shows that Alonzo tried to protect his head.   More…last_img read more

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Lead exposure hampers childrens sleep quality

31 August 0

first_imgLead exposure in early in life is associated with increased risk of sleep problems and excessive daytime sleepiness in later childhood, says a new study.“Little is known about the impact of heavy metals exposure on children’s sleep, but the study’s findings highlight that environmental toxins – such as lead – are important pediatric risk factors for sleep disturbance,” said the study’s principal investigator Jianghong Liu, associate professor at University of Pennsylvania School of Nursing. “Lead exposure is preventable and treatable, but if left unchecked can result in irreversible neurological damage,” Liu noted. Lead can be found in many products and locations including some candies, toys, and traditional medicines.The research is based on data from a study, involving more than 1,400 Chinese children, that began in 2004 investigating the influence of lead exposure in relation to the development of children and adolescents’ neurocognitive, behavioural and health outcomes. Using the data from the cohort study, 665 children’s blood lead levels were assessed when they were between three and five years old, and sleep was assessed six years later, when the children were between nine and eleven years old. Child-reported insomnia and use of sleeping pills were two times and three times more prevalent in children with blood lead levels (BLL) greater than or equal to 10 ug/dL (microgram/decilitre) than in children with BLL less than 10 ug/dL. Lead pollution is pervasive throughout China and other developing countries, and though rates of lead exposure are decreasing due to the phase-out of leaded gasoline and increased public awareness, its persistence presents a significant health risk to children, the researchers said. The findings will be published in an upcoming issue of the journal Sleep.last_img read more

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Mamata releases TMC list for all 42 WB seats alleges attempt to

31 August 0

first_imgKolkata: West Bengal Chief Minister Mamata Banerjee Tuesday announced a list of TMC candidates for all the 42 Lok Sabha seats of the state, dropping 10 sitting MPs. She also attacked the BJP and the Modi government, claiming she had information that “VVIPs” were using helicopters and chartered flights to transport money to bribe voters. Releasing the list, the West Bengal leader assailed the Centre over a host of issues including the Rafale deal,farm distress and shrinking employment opportunities. Banerjee, also the TMC supremo, said the outgoing TMC lawmakers whose names do not figure in the list will be drafted for party work. She said 41 per cent of the nominees in the list are women. The TMC, she said, will also contest some seats in Odisha, Assam, Jharkhand, Bihar and the Andamans.last_img read more

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Disney Announces Disney Hulu ESPN Streaming Bundle Should Netflix Worry

29 August 0

first_img (2991) Westinghouse 50 Inch Roku 4k Ultra HD LED Smart TV with HDR Wow facts 2Share this videoCopyPausePlay00:00% Buffered0PreviousPausePlayNextLive00:00 / 00:00UnmuteMuteExit fullscreenFullscreenCopy video urlPlay / PauseMute / UnmuteReport a problemLanguageBackMox PlayerDefaultEnglishEspañolУкраїнськаРусскийWill It Be Available Outside The US?Some important unknowns remain, though. For example, Iger did not clarify whether the bundle would be available in international markets. If it’s headed in this direction, there would be several problems, chiefly the fact that Hulu in and of itself remains largely unavailable outside the United States. Disney, however, said it intends to bring Hulu to international markets. The same concern applies to ESPN+, which remains inaccessible to most countries due to issues on regional licensing. Iger told investors that the company doesn’t have “anything to announce right now in terms of markets.”All eyes are on Disney+, though, about which Iger spoke quite a bit during the conference, considering the service as “the most important product the company has launched in my tenure.””The positive response to our direct-to-consumer strategy has been gratifying, and the integration of the businesses we acquired from 21st Century Fox only increases our confidence in our ability to leverage decades of iconic storytelling and the powerful creative engines across the entire company to deliver an extraordinary value proposition to consumers,” said Iger.Disney+Disney+’s arrival is imminent. Iger said it will likely be available through Amazon, Apple, and “other distributors.” But to be clear, Disney has not finalized deals with any of such aforementioned companies. Iger told investors, however, those platforms are all interested in distributing the product.To know more about Disney+, check out Tech Times’ other article. Meanwhile, if you have any thoughts about this new bundle, feel free to sound them off in the comments section below! TAG Hulu, ESPN, Streaming, Video Streaming, Disney Close Disney will launch a killer Disney+ bundle in a move seen as an aggressive attempt to compete with Netflix. The package will include access to Disney+, Hulu, and ESPN+.  ( Travis Gergen | Unsplash ) Disney is set to aggressively take on Netflix with the announcement of a bundle that many viewers will surely consider too good to pass up. The company will offer a package of its three streaming services — Disney+, Hulu, and ESPN+ — for $13 a monthly. The package becomes available on Nov. 12.This should perhaps come as no surprise. Disney had hinted at a bundle involving all three services, only now has CEO Bob Iger made it official, at the company’s most recent investor’s call.Disney+ Streaming BundleAt just $13 a month — $12.99, to be exact — this bundle is cheaper than or on par with other streaming options, including Netflix and Amazon Prime Video. It’s also significantly much more inexpensive than HBO Max, which is rumored to cost $16 to $17 per month. $329.99$329.99 Related Products AllVideo On Demand: Rent or BuyClothing & AccessoriesMajor AppliancesArts, Crafts & SewingAutomotiveBaby & NurseryBeauty & GroomingBooks & TextbooksCollectible CoinsCamera & PhotoCell Phones & AccessoriesClassical MusicComputers, Tablets & ComponentsBlu-Ray & DVDElectronic Components & Home AudioEntertainment CollectiblesVideo GamesOther Gift Card BrandsGrocery & Gourmet FoodPatio, Lawn & GardenHealth & HouseholdBusiness & Industrial SuppliesJewelryKindle StoreKitchen & DiningMagazinesMiscellaneousDigital MusicCDs & VinylMusical InstrumentsOffice & School SuppliesPet Food & SuppliesPatio, Lawn & GardenShoes, Handbags, Wallets, SunglassesSoftwareSports CollectiblesSports & FitnessHome ImprovementToys & GamesVHSVideo GamesWatches $1.99$1.99 ⓒ 2018 TECHTIMES.com All rights reserved. Do not reproduce without permission. Ads by Amazon ENDS IN The Slings and Arrows of Outrageous Fortune DEAL OF THE DAY DEAL OF THE DAY Bestseller Bestseller All Ads by Amazon ENDS IN last_img read more

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PyTorch 10 is here with JIT C API and new distributed packages

26 August 0

first_imgIt was just two months back when Facebook announced the release of PyTorch 1.0 RC1. Facebook is now out with the stable release of PyTorch 1.0. The latest release, which was announced last week at the NeurIPS conference, explores new features such as JIT, brand new distributed package, and Torch Hub, breaking changes, bug fixes and other improvements. PyTorch is an open source, deep learning python-based framework. “It accelerates the workflow involved in taking AI from research prototyping to production deployment, and makes it easier and more accessible to get started”, reads the announcement page. Let’s now have a look at what’s new in PyTorch 1.0 New Features JIT JIT is a set of compiler tools that is capable of bridging the gap between research in PyTorch and production. JIT enables the creation of models that have the capacity to run without any dependency on the Python interpreter. PyTorch 1.0 offers two ways using which you can make your existing code compatible with the JIT: using  torch.jit or torch.jit.script. Once the models have been annotated, Torch Script code can be optimized and serialized for later use in the new C++ API, which doesn’t depend on Python. Brand New distributed package In PyTorch 1.0, the  new torch.distributed package and torch.nn.parallel.DistributedDataParallel comes backed with a brand new re-designed distributed library. Major highlights of the new library are as follows: The new torch.distributed is performance driven and operates entirely asynchronously for all backends such as Gloo, NCCL, and MPI. There are significant Distributed Data-Parallel performance improvements for hosts with slower networks such as Ethernet-based hosts. It comes with async support for all distributed collective operations in the torch.distributed package. C++ frontend [ API unstable] The C++ frontend is a complete C++ interface to the PyTorch backend. It follows the API and architecture of the established Python frontend and is meant to enable research in high performance, low latency and bare metal C++ applications. It also offers equivalents to torch.nn, torch.optim, torch.data and other components of the Python frontend. PyTorch team has released C++ frontend marked as “API Unstable” as part of PyTorch 1.0. This is because although it is ready to use for research applications, it still needs to get more stabilized over future releases. Torch Hub Torch Hub refers to a pre-trained model repository that has been designed to facilitate research reproducibility. Torch Hub offers support for publishing pre-trained models (model definitions and pre-trained weights) to a github repository with the help of hubconf.py file. Once published, users can then load the pre-trained models with the help of torch.hub.load API. Breaking Changes Indexing a 0-dimensional tensor displays an error instead of warn. torch.legacy has been removed. torch.masked_copy_ is removed and hence, use torch.masked_scatter_ instead. torch.distributed: the TCP backend has been removed. It is recommended to use Gloo and MPI backends for CPU collectives and NCCL backend for GPU collectives. torch.tensor function with a Tensor argument can now return a detached Tensor (i.e. a Tensor where grad_fn is None) in PyTorch 1.0. torch.nn.functional.multilabel_soft_margin_loss now returns Tensors of shape (N,) instead of (N, C). This is to match the behaviour of torch.nn.MultiMarginLoss and it is also more numerically stable. Support for C extensions has been removed in PyTorch 1.0. Torch.utils.trainer has been deprecated. Bug fixes torch.multiprocessing has been fixed and now correctly handles CUDA tensors, requires_grad settings, and hooks. Memory leak during packing in tuples has been fixed. RuntimeError: storages that don’t support slicing when loading models are saved with PyTorch 0.3, has been fixed. The issue with calculated output sizes of torch.nn.Conv modules with stride and dilation have been fixed. torch.dist has been fixed for infinity, zero and minus infinity norms. torch.nn.InstanceNorm1d has been fixed and now can correctly accept 2-dimensional inputs. torch.nn.Module.load_state_dict showed an incorrect error message that has been fixed. broadcasting bug in torch.distributions.studentT.StudentT has been fixed. Other Changes “Advanced Indexing” performance has been considerably improved on CPU as well as GPU. torch.nn.PReLU speed has been improved on both CPU and GPU. Printing large tensors has become faster. N-dimensional empty tensors have been added in PyTorch 1.0, which allows tensors with 0 elements to have arbitrary number of dimensions. They also support indexing and other torch operations. For more information, check out the official release notes. Read Next Can a production-ready Pytorch 1.0 give TensorFlow a tough time? Pytorch.org revamps for Pytorch 1.0 with design changes and added Static graph support What is PyTorch and how does it work?last_img read more

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WATCH Raquel Rodríguezs first professional score is a beauty

19 August 0

first_imgThe 21-year-old Matarrita is one of the bright young stars for La Sele, as he has started in every meaningful game under coach Óscar Ramírez. In his first season in the MLS, Matarrita has impressed with New York FC and has been a regular in the club’s starting lineup. His goal sealed a 2-0 victory for the star-studded team in Saturday’s game against the Seattle Sounders. Facebook Comments Another Look: @MatarritaRonald’s first #NYCFC goal pic.twitter.com/V9Z5hYs6m7— New York City FC (@NYCFC) June 25, 2016 .@raque_rocky with the right-footed rocket. Sky Blue up, 1-0. pic.twitter.com/B4Cs5rW1Hg— Our Game Magazine (@OurGameMagazine) June 25, 2016 Related posts:Costa Rican soccer star Raquel Rodríguez: It’s time to talk about equal pay Costa Rican Noelia Bermúdez named best goalkeeper in Spain’s La Liga WATCH: Joel Campbell scores in Arsenal’s friendly against MLS All-Stars Costa Rica’s Raquel Rodríguez wins Rookie of the Year award for US soccer leaguecenter_img The 8th minute score in Sky Blue’s 2-1 win marks Rodríguez’s first ever professional goal. She now has one goal and one assist in nine starts for her club during her rookie campaign.One more milestoneRodríguez’s goal was just the latest in a string of glory. In December, she scored the winning goal for Penn State in the NCAA National Championship game and was named the 2015 MAC Hermann Trophy winner as the best female college soccer player.The 22-year-old midfielder from San José was selected second overall in this year’s NWSL draft. And on Thursday, Rodríguez was announced as a finalist for the ESPY Award for Best Female College Athlete of the Year.Plus, earlier this week, the Costa Rican women’s national team reached its highest ever FIFA ranking by coming in at 29th in July’s world rankings. The young Rodríguez has been one of the most important keys to the recent success of “Las Ticas,” even scoring the team’s first ever World Cup goal last year.Matarrita gets on the scoreboard, tooRodríguez’s first professional goal came on the same day that men’s national team counterpart Ronald Matarrita had his first score for New York City FC in Major League Soccer. Costa Rican football star Raquel Rodríguez just capped off an excellent week in appropriate style.The midfielder who plays professionally for New Jersey’s Sky Blue FC of the National Women’s Soccer League (NWSL) received a pass outside the top corner of the penalty box and sent a long-range bullet into the top right corner of the net in Saturday’s match against the Washington Spirit.last_img read more

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FCM celebrates seven years as Worlds Leading TMC

17 August 0

first_imgFCM Travel SolutionsFCM celebrates seven years as World’s Leading TMCFCM Travel Solutions offices around the world are celebrating after being named the World’s Leading Travel Management Company at the 2017 World Travel Awards. This is the seventh year in a row that FCM has been named the top global corporate travel management company.The title was announced at the World Travel Awards Gala Ceremony held over the weekend at the JW Marriott Phu Quoc Emerald Bay, Vietnam.FCM’s Global Leader Marcus Eklund was thrilled with the news of the award and acknowledged how successful the past year has been for the brand.“2017 has been a milestone year for FCM Travel Solutions globally,” said Marcus. “It saw us strengthen our presence and acquire equity across several key regions including the UK,Ireland, the Netherlands, Sweden, Finland, Norway, Denmark, Germany, France, Switzerland and Argentina. We also launched our next-generation technology suite FCM Connect, as well as Sam, our innovative and award-winning Smart Assistant for Mobile.”“Year after year, it is our strong service capabilities and industry-leading technology solutions that drive efficiencies in our client’s travel programs. And of course, the commitment and expertise of our people, who play an incredibly important role in our results.”Marcus said the global award added to the collection of regional awards FCM had won as part of this year’s World Travel Awards program.During 2017 FCM was also named:Africa’s Leading Travel Management CompanyAsia’s Leading Travel Management CompanyAustralasia’s Leading Travel Management CompanyEurope’s Leading Travel Management CompanyMexico & Central America’s Leading Travel Management CompanyMiddle East’s Leading Travel Management CompanyNorth America’s Leading Travel Management CompanySouth America’s Leading Travel Management CompanyWorld Travel Awards celebrates its 24th anniversary this year and is acknowledged across the globe as the ultimate travel accolade. Awards are voted for by travel and tourism professionals worldwide and these accolades recognise the commitment to excellence FCM has demonstrated over the past 12 months.Source = FCM Travel Solutionslast_img read more

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Ras alKhaimah expects a diverse range of tourists this year

16 August 0

first_imgThe rising emirate of United Arab Emirates, Ras al-Khaimah (RAK) would be the attraction of tourists by the greater effort of experts this year. It is recently announced that Marjan Island will be turned into a party destination like Ibiza and Miami.Khalid Motik, Founder of travel agency Ehjeez Middle East said, “There needs to be more focus on high schools and universities to target that 18 to 25 segment.”“We need more events to attract that younger clientele and people such as couples, students, groups of friends. We need things like beach parties, which will just hit a different market and show RAK is not just for families,” he added.The child-friendly Rixos resort on Marjan Island is embracing adult clientele with the opening in the coming weeks of an adults-only infinity pool and adults-only restaurants. The resort can accommodate up to 600 children at a time.General Manager Haytham Omar said, “We felt the resort was really more for families, which is great and a market we wanted to attract. But if we can create a facility to attract couples and adults, we thought it was worth the investment.”Kulwant Singh, Managing Director of Lama Tours and Holidays said, “RAK is widening its reach and this will help to target other markets interested in beach parties, like the UK.”last_img read more

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As every year for this event monsoon clouds threa

As every year for this event monsoon clouds threa

10 August 0

first_img As every year for this event, monsoon clouds threaten. [Photo & Text: sa] Another crew counts and wraps the silverware. [Photo & Text: sa] The Grand Piano has to be moved from the stage into the music room. [Photo & Text: sa] All the chairs are moved from the amphitheater to the vaults. [Photo & Text: sa] And it pours right in the middle of preparation. More on this event next posting. [Photo & Text: sa] A sign-up sheet for 8 teams and a list of the chores for each team. [Photo & Text: sa] center_img July 18, 2004 The annual Italian Night event draws a large crowd. Well organized preparation is essential. The details are presented during morning meeting. [Photo & Text: sa] Chef Eleanor and helpers prepare a monstrous amount of food. [Photo & Text: sa] More chairs. A crowd of about 300 people is expected. [Photo & Text: sa] One crew washes the chairs. [Photo & Text: sa] last_img read more

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