Jim Belushi And The Sacred Hearts To Perform At American Indian College

first_imgThe American Indian College Fund (the College Fund) has signed Jim Belushi and The Sacred Hearts to perform live at its 25th Anniversary Gala, to be held Friday, May 8 from 6:30-10:30 p.m. at the legendary Drake Hotel.The formal fundraising event will benefit Native American higher education and celebrate the College Fund’s mission to provide access to higher education for all Native people.VIP ticket-holders will enjoy a special reception and the opportunity to meet Jim Belushi.A silent auction featuring Native art and unique items will also be held at the event. In addition, the College Fund will be accepting bids for a guest to perform the song “Soul Man” with Jim Belushi and The Sacred Hearts that evening.All VIP packages, tickets, individual tickets, tables, and sponsorships are available for purchase now. Visit collegefund.org/gala to learn more or call 303-426-8900.25th Anniversary event sponsors include Toyota Motor Sales USA, Inc.; Comcast NBCUNIVERSAL; Wieden+Kennedy; Ford Foundation; San Manuel Band of Mission Indians; The Walt Disney Company; AT&T; and McDonald’s Corporation.
The American Indian College Fund (the College Fund) is the nation’s largest private provider of scholarships for Native American and Alaska Native students. Founded in 1989, the College Fund has been “Educating the Mind and Spirit” of Native people for 25 years and provides an average of 6,000 scholarships annually. The College Fund also supports the nation’s 34 accredited tribal colleges and universities located on 77 campuses on or near Indian reservations. The College Fund consistently receives top ratings from independent charity evaluators. For more information, please visit www.collegefund.org.last_img read more

Xavier Dolan hopes Oscar nod will boost audience for new film

first_img Twitter It’s the first time the Quebec director has made it this far in the selection process and he says he’s “very happy and quite moved” by the recognition.While the film did screen in Canada and France in the fall, Dolan conceded he’s disappointed by the scope of the movie’s release overall and hopes an Oscar nomination will give it another push. The academy will announce the Best Foreign-Language Film nominees on Jan. 24. Xavier Dolan is thrilled his movie It’s Only the End of the World is one of nine films in the running for a Best Foreign-Language Oscar nomination.He just wishes more people could see the film.On Thursday night, the Academy of Motion Picture Arts and Sciences announced it had narrowed the pack of foreign-language film contenders from the 85 that were being considered for a nomination. Advertisement “I’m not thinking of this in terms of what this could bring to my career, I’m thinking of this in terms of what could it bring to this film in terms of exposure,” Dolan told Canadian reporters during a conference call on Friday. Facebookcenter_img LEAVE A REPLY Cancel replyLog in to leave a comment Login/Register With: Advertisement Advertisementlast_img read more

Ugly delicacy Industry touts weirdlooking Monkfish

first_imgPORTLAND, Maine – Now serving sea monsters.That’s the message from members of the fishing industry, environmentalists and regulators who are trying to persuade U.S. consumers to eat more of a particularly weird-looking creature from the deep — monkfish.Monkfish have been commercially fished for years, but recent analyses by the federal government show the monster-like bottom dweller can withstand more fishing pressure. However, U.S. fishermen often fall short of their quota for the fish.A lack of reliable markets for the fish and convoluted fishing regulations make it difficult to catch the full quota, fishermen said. Nevertheless, the U.S. government is upping harvesters’ limits for monkfish for the next three years.Some New England fishermen switched to targeting monkfish in recent decades when traditional species such as cod began to decline, said Jan Margeson, a Chatham, Massachusetts, fisherman who made such a switch himself. He said the availability of monkfish represents an opportunity for the industry.“It is healthy. We can’t even catch the quota,” he said. “We had to find an alternative species once groundfish died years ago.”Monkfish, also known as goosefish, are predatory fish that camouflage themselves on the ocean bottom and can grow to be about 5 feet long. With a gaping maw and uneven, jagged teeth, its appearance is the stuff of nightmares.But proponents often say the taste and texture of its flesh is similar to lobster. And monkfish, which is often sold as a whole fish or as steaks of tail meat, frequently is more affordable than some other kinds of domestic seafood.Tails typically sell for about $7 per pound at New England fish markets where popular items such as lobsters and flounder sell for $10 per pound or more.The fish is brought to shore from Maine to North Carolina, with most coming to land in Massachusetts.Fishermen have caught more than 15 million pounds of the fish every year since 1987. They were allowed to catch 32.5 million pounds of monkfish each year from 2013 to 2015, but typically caught less than two thirds of that amount. The federal government increased that limit to about 33.8 million pounds for the 2017-18 fishing year, and that number will hold until 2020.The Environmental Defence Fund Seafood Selector and Monterey Bay Aquarium Seafood Watch both give the fishery positive reviews for sustainability. The National Oceanic and Atmospheric Administration also touts the fishery as a “smart seafood choice” that is “sustainably managed” according to federal guidelines, the agency says on its website.Right now is a good time for fishermen to start exploiting that reputation, said Ben Martens, executive director of the Maine Coast Fishermen’s Association.“When we talk about diversification, monkfish is one of the things,” he said. “It’s a fishery that has opportunity for fishermen right now.”last_img read more

Officials close Muskoseepi Park in Grande Prairie due to flash flooding

first_imgGRANDE PRAIRIE, A.B. – Muskoseepi Park in Grande Prairie has been evacuated and closed until further notice. Many paths are under water and creek banks and slopes are extremely unstable.The public is urged to stay away from the Bear Creek corridor and Muskoseepi Park.Vehicular bridges crossing Bear Creek are safe for travel.Releasing the water at a higher than normal rate through the spillway has protected the dam. It has also lowered water levels in the reservoir but increased water flows downstream. Muskoseepi Park will remain closed until water recedes and a thorough damage assessment can be completed. Pedestrian bridges, paths, creek banks, and other park infrastructure will be inspected for safety before the park is reopened.Crews will be monitoring water levels to protect critical infrastructure throughout the corridor.RCMP and Enforcement Services will be monitoring the park.At this time no properties have been damaged. Residents are asked to obey signs, barricades and the direction of local authorities.last_img read more

TransCanada name change de emphasizes Canada for leery investors analyst

first_img“To suggest one of the biggest corporations in Canada is changing its name to distance itself from Canadian policies? I don’t know that I agree with that when a good chunk of their customers are still Canadian and who they interact with are still Canadian,” he said.There’s good reason for the company to be proud of its Canadian roots, he added, given its place on stock market indexes of Canadian firms and Canada’s reputation versus the United States in Mexico.TransCanada says it has about 7,000 employees in North America, with 3,500 in Canada, 3,200 in the U.S. and 300 in Mexico.It said its new name reflects its diverse business interests in pipelines, power generation and energy storage operations in the three countries. TransCanada vowed to keep headquarters in Calgary and said it plans to continue trading under the symbol TRP on the Toronto and New York stock exchanges if shareholders approve the name change at its next annual meeting.On its website, TransCanada says it was founded in 1951 to develop the TransCanada Pipeline to bring natural gas from Western Canada to eastern customers. The pipeline is now called the Canadian Mainline. “Whether they know us as TC Energy in English, TC Energie in French, or TC Energia in Spanish, the communities where we operate can continue to count on us to follow through on our commitments and live up to our values of safety, integrity, responsibility and collaboration in everything we do.”The name change was announced a day after rallies were staged in cities across Canada in support of northern B.C. Indigenous people who are trying to stop a TransCanada subsidiary from building the Coastal GasLink natural gas pipeline project through disputed territory.“Some investors have grown leery of investing in Canada. I think this is a way to de-emphasize Canada, quite frankly,” said Jennifer Rowland, a St. Louis-based analyst for Edward Jones, noting delays in building new oil pipelines led to Alberta imposing crude production constraints on its producers.“Removing Canada from its name is a way to remind investors it’s not just a Canadian company, with some of the challenges we’re seeing in Canada.”She said the name change recalls the move by Calgary-based EnCana to rebrand itself with a lower-case “C” in 2010, thus de-emphasizing its Canadian roots.But Calgary-based analyst Matthew Taylor of Tudor Pickering Holt & Co., said he accepts the company’s explanation, adding the move has been talked about for some time.center_img CALGARY, A.B. – A planned move by TransCanada Corp. to change its name to TC Energy will help it attract investors who are “leery” of putting money in anything Canadian given the country’s recent difficulty in building energy projects, a U.S.-based financial analyst said Wednesday.But the company and a Canadian financial analyst disagreed, saying the name change recognizes that TransCanada has grown outside the country, with moves including its recent US$13-billion purchase of U.S. natural gas transporter Columbia Pipeline Group and a growing list of projects in Mexico.“While our strategy and priorities remain the same, we believe the new name will help to further unite our employees and will enable us to better connect with our diverse stakeholders,” said chief executive Russ Girling in a news release on Wednesday.last_img read more

ONGC wins back Chinnewala Tibba gas field in Rajasthan

first_imgNew Delhi: State-owned Oil and Natural Gas Corporation (ONGC) Thursday signed a contract for the prolific Chinnewala Tibba gas field in Rajasthan, which it had discovered around 15 years ago but was taken away and auctioned by the government.ONGC won back five out of the 23 discovered oil and gas fields that the government took away from the state-owned firm and Oil India Ltd (OIL) for auctioning in the second round of discovered small field (DSF). Also Read – Maruti cuts production for 8th straight month in SepThe 72-square kilometer field near Jaisalmer in Rajasthan has 1,900 million standard cubic metres of reserves, an official of the Directorate General of Hydrocarbons said at the contract-signing ceremony with the winners of the 23 fields auctioned in DSF-II. The 23 fields, made up of some 57 discoveries by ONGC and OIL, hold 190 million tonnes of oil and oil-equivalent gas resources, the official said. Speaking on the occasion, Petroleum Minister Dharmendra Pradhan said DSF bid rounds are aimed at raising domestic production to cut dependence on imported oil. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to CustomsIndia is 83 per cent dependent on imports to meet its oil needs. “Maximising production is the most important priority now,” he said. While ONGC and OIL could not monetise the discoveries auctioned in the DSF round mainly due to they being financially unviable on prevalent fiscal terms, DSF round winners will get complete pricing and marketing freedom that will make the finds economically viable. Pradhan said ONGC was asked to largely stay away from DSF-I round last year but was given freedom to bid in DSF-II and he was happy that the company walked away with the most number of fields. Chinnewala Tibba was the most-contested field in DSF-II with as many as 17 bids being put in. ONGC won the field as also four others after bid evaluation and award was completed last week. Contracts for the same were signed Thursday. OIL and Vedanta Ltd signed contracts for two fields each they had won while lesser known Ganges Geo-Resources Pvt Ltd signed for five fields. State-owned Indian Oil Corp (IOC) and its partner Hindustan Oil Exploration Company Ltd (HOEC) signed for one field they won in the auction. Arch Softwares Pvt Ltd, a firm backed by former Cairn India executive Suniti Bhat, won two offshore fields. The remaining fields went to little-known firms such as Shanti GD Ispat Power, Arsh Corporate Services, Invenire Energy, Keerthi Industries, and Gem Petro E&P. On the contract signing, Vedanta Resources Ltd Executive Chairman Anil Agarwal said: “The Government of India has taken concrete steps to encourage and thus enhance domestic crude oil production, in line with Minister Pradhan’s vision of energy self-sufficiency. The discovered small fields Round-II auction is another significant step in this direction. We remain committed to optimising exploration and production from the fields awarded to us. These reformative steps and our demonstrated success will pave the way for attracting future foreign investments as well.” Sudhir Mathur, chief executive officer of oil and gas business of Vedanta Ltd, said the company is known for its engineering strength and innovation, especially in the tight oil and tight gas domain. “We are excited to bring these strengths to bear in the two new DSF fields awarded to us. We congratulate the government on all of these progressive initiatives that will lead to growth in the sector, job creation, and prosperity for our country.” As many as 39 firms, including six foreign players, had put in 145 bids for 24 out of the 25 oil and gas fields on offer in DSF-II at the close of bidding on January 30. Mining giant Vedanta put in the highest number of bids for 21 fields. A DGH statement said one bid for a field has been kept in abeyance as the matter is sub-judice. ONGC and OIL had put in bids for 10 fields each while Indian Oil Corp (IOC) bid for 3. British company Soco International made its foray into India, bidding for one field but it failed to make a dent. Arch Softwares had put in bids for 15 fields.last_img read more

Christian Soldat nets game winner OSU mens soccer extends winning streak to

OSU junior forward Danny Jensen (9) tries to keep the ball away from Cleveland State sophomore forward Kareem Banton (20) on Oct. 21 at Jesse Owens Memorial Stadium. OSU won 1-0. Credit: Christopher Slack / Lantern PhotographerJunior forward Christian Soldat was the hero of the night for the second time in five matches, as the Buckeyes pulled through for a 1-0 victory against Cleveland State.The OSU men’s soccer team extended its winning streak to eight and improved its record to 9-4-2 overall, while the Vikings fell to 6-7-1 on the season.The last-second goal was a déjà vu feeling for Soldat, who had another game-winner against Bowling Green when he scored with three seconds left on the clock in regulation.Soldat added 10 seconds to that clock on Wednesday night’s hero, as he sent in the winner with 13 seconds left. With the match scoreless and the clock running down, Soldat said the Buckeyes began to feel a sense of urgency.“We know the clock is winding down and we hear that there’s one minute left and we have to push everybody forward,” Soldat said.Despite the grabbing the win over CSU and keeping the program-record winning streak, the Buckeyes struggled to come out with the victory.Wednesday night was the first time the Buckeyes and the Vikings met and it showed in the game, as both teams struggled to figure out the other.The best look of the first half for either team came when Soldat attempted a shot in the 28th minute, but he could not execute.The game remained scoreless going into halftime and the Buckeyes knew they had to make adjustments if they were going to keep their streak alive.“If we can pick up our defensive pressure a little bit in the second half, I think we’ll do better,” OSU coach John Bluem said in an interview with Big Ten Network heading into halftime.Even with the halftime adjustments, the second half of the game was looking like the first half for much of the duration, as neither team could get a point on the board.The game seemed like it was going into overtime, until Soldat came up with the goal when junior forward Danny Jensen danced around a swarm of Viking defenders and tapped the ball in front of the net, where Soldat was in perfect position to put it home.“We have Danny Jensen putting his whole body on the line, sliding, winning the ball at the end line,” Soldat said describing the play. “He gets up and looks up and plants the ball straight in to (redshirt freshman forward Jacob) Duska. Duska gets his shot blocked and it just falls right to me to put in.”Senior goalkeeper Chris Froschauer only needed to make one save to preserve his seventh clean sheet of the season, including his fourth consecutive. The Union, Kentucky, native received Big Ten Defensive Player of the Week honors in each of the last three weeks for his strong play of late.Overall, shots were 12-4 in favor of the Scarlet and Gray, while OSU held a 5-2 lead in corners.Looking to get the winning streak to nine, the Buckeyes will prepare to travel to Piscataway, New Jersey, to face Rutgers at 1 p.m. on Sunday. read more

Small Craft Advisory

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppA SMALL CRAFT CAUTION IS IN EFFECT FOR THE SOUTHEAST BAHAMAS & TURKS AND CAICOSWINDS: EAST TO SOUTHEAST AT 10 TO 15 KNOTS IN THE NORTHWEST BAHAMAS, FALLING LIGHT AND VARIABLE AT TIMES… 15 TO 20 KNOTS IN THE CENTRAL AND SOUTHEAST BAHAMASSEAS: 2 TO 4 FEET OVER THE OCEAN IN THE NORTHWEST BAHAMAS… 4 TO 6 FEET IN THE CENTRAL AND SOUTHEAST BAHAMASWEATHER: OCCASIONAL EARLY MORNING AND AFTERNOON SHOWERS…ALONG WITH POSSIBLE ISOLATED THUNDERSTORMS…EXPECT GUSTY WINDS AND HIGHER SEAS IN OR NEAR SHOWERS AND THUNDERSTORMS…MOONRISE: 11:46AM MOONSET: 12:24AM TUE.HIGH TIDE: 12:23AM LOW TIDE: 6:52AMHIGH TIDE: 12:46PM LOW TIDE: 7:00PM Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:small craft advisorylast_img read more

State Regulators Consider Reducing Pacific Halibut Quota Next Year

first_imgThe commission is considering dropping the total allowable catch from more than 42 million pounds this year to 31 million pounds for 2018. Story as aired: Audio PlayerJennifer-on-Halbit-quoat-considered-drop.mp3VmJennifer-on-Halbit-quoat-considered-drop.mp300:00RPd In a report presented to the intergovernmental organization at the commisions meeting in November, the reduction was recommended due to low recruitment rates among young halibut populations over the last decade and increasing pressure on the fish stocks. Regulators are considering reducing the amount of halibut that fishermen are allowed to catch along the Pacific coast in 2018.center_img The commission is scheduled to meet in January in Portland, Oregon, to make a final decision. Facebook0TwitterEmailPrintFriendly分享The International Pacific Halibut Commission is considering adopting a 24 percent reduction to the annual halibut quota for fisheries from Alaska to California.last_img read more

Time Inc Lays Off HelloGiggles Editors

first_img The representative adds that the cuts were strictly on the editorial side, and HelloGiggles will continue to maintain a New York-based sales team. This is a developing story. Was just laid off from the job I moved to NYC for, so if you have any editing / writing leads, please let me know. Please RT. Email in bio. — Sammy Nickalls (@sammynickalls) July 8, 2016 Just laid off from my job with the rest of the NYC office. Any editing or writing ledes, hit me up. In the wake of news, leaked last week, of a potential reorganization looming at Time Inc. that would place further emphasis on social media, video, and events, the layoffs at HelloGiggles are most likely a bid to streamline the brand’s operations by centering them in Los Angeles, rather than an indication that Time Inc. is backtracking on its significant digital investments, which also include xoJane and xoVain, Fansided, Viant, The Drive, and Extra Crispy. — Jessica Wakeman (@JessicaWakeman) July 8, 2016 Co-founded by actress Zooey Deschanel in 2011, HelloGiggles was purchased by Time Inc. for as much as $30 million last October amid a string of digital acquisitions by the legacy publisher. The site receives around 16 million unique monthly visitors, most of whom are female and between the ages of 25 and 34.  HelloGiggles, the women’s lifestyle and entertainment site purchased by Time Inc. last year, has laid off several editors in its New York office, according to multiple sources. “There was a small editorial reorganization at HelloGiggles,” a Time Inc. spokesperson tells Folio:. “We’re constantly evaluating the ways we can be more efficient. As an L.A.-headquartered operation, this realignment creates editorial efficiencies for us.” Representatives for Time Inc. wouldn’t provide details on the number of staffers cut, but sources familiar with the situation tell Folio: that all of the brand’s New York-based editors were let go. The HelloGiggles masthead lists 16 editors split between offices in New York and Los Angeles, including several who confirmed their departures on social media.last_img read more

How can Rajasthan Royals stop David Warner Rahanes big threat Top player

first_imgRajasthan Royals and Sunrisers Hyderabad come face to face a year after David Warner and Steve Smith picked up their bans. Both sides looked destined for victory but ended up losing their first respective first games. They will now have the opportunity to get off the mark in this year’s IPL. As has been the case over the years, the shortest format is all about identifying different players and looking for matchups in order to curb their threat. We identify three main player battles which can determine the course of the match.David Warner vs Dhawal Kulkarni David WarnerIANSDavid Warner announced his arrival in some style in the first match of the season with a brilliant innings of 85. Today is the day when he finally completes his suspension over the ball-tampering scandal. He looks determined to make this season count and be indispensable to Australia’s World Cup ambitions.However, he has to be wary of Dhawal Kulkarni. Against the fast bowler, Warner has only managed to score 44 runs in 52 balls and has been dismissed twice. Kulkarni bowls a very tight line and gets the ball to move around which can be disconcerting for the openers and Ajinkya Rahane would want his new ball bowler to continue this good record. Bhuvneshwar Kumar vs Ajinkya Rahane Bhuvneshwar KumarIANSThe battle between the Indian stalwarts, this contest between Bhuvneshwar Kumar and Ajinkya Rahane up front in the powerplay overs could determine the course of the match. Bhuvneshwar Kumar has been a fine bowler for SRH in the IPL over the years and if we take a look at the numbers, the Rajasthan skipper has managed to score only 71 runs in the 78 balls faced so far. He has been dismissed by Bhuvi six times over the years and this could have a huge bearing on the match. Rahane, more often than not, drops anchor which allows the other stroke makers to come out and play their strokes with freedom and hence, his importance at the top of the order is pivotal for Rajasthan, more so in the powerplay overs.Siddarth Kaul vs Sanju Samson Sanju SamsonIANSThe middle over phase in T20s have a huge bearing on the result of the match and hence, the performance of Siddarth Kaul and Sanju Samson will be under the scanner. Sanju’s record against Siddarth Kaul has been brilliant as in only 23 balls, he has smashed him for 39 runs and has been dismissed only one. However, Kaul now has international experience and is a far more confident bowler which should help him devise better strategies against Samson when the pressure is on.last_img read more

Gold Demand in India to Rise to 4Year High in Second Half

first_imgDriven by robust demand for jewellery, gold demand in the country is estimated to touch a four-year high in the second half of 2015. The World Gold Council (WGC) forecasts India’s gold demand to reach 900-1,000 tonnes in the calendar year 2015, with the demand in the second half likely to be at least 554 tonnes.Demand for the yellow metal was 481 tonnes during the July-December period in 2012, but since then, it has declined steadily. In the second half of 2014, demand was 439 tonnes.Demand for the yellow metal stood at 346.2 tonnes during the first six months of 2015. “Jewellery demand has remained robust so far in the second half,” Mehul Choksi, managing director, Gitanjali Gems, told Business Standard.Gold prices have seen high volatility in the past two months, as the US dollar strengthened on expectations of US central bank rate hike in September.At one stage in early August, gold prices were trading at a five-and-a-half-year low of Rs 24,577 per 10 gm, but later rebounded sharply to hit a three-month of Rs 27,575 this week. The rise was mainly led by increased demand from jewellers and a falling rupee.”Stockists’ demand was high in July as jewellers were preparing for the India International Jewellery Show in the first week of August. But the demand tapered off. With the festive and wedding seasons, we see strong demand for gold in the second half,” said Rajan Venkatesh, managing director, India bullion, ScotiaMocatta.Consumer demand for gold in India, which declined by 25% to 154 tonnes in the April-June period, is expected to see a pick up ahead of the wedding and festival seasons in the second half of 2015. “Gold demand will be robust in the second half due to the upcoming wedding and festival seasons. The season started with consumers taking advantage of softening gold prices,” said Somasundaram PR, managing director (India), WGC.However, a poor monsoon rainfall is expected to dampen the prospects of gold demand in rural India, which account for a significant part of overall gold consumption in the country.”The worry is the weak monsoon, which may lower farm output. Rural demand could be affected, but the overall demand for gold is likely to remain reasonably strong during July-December,” Venkatesh said.last_img read more

Tokyo Children dream up the future of cars

first_imgClose Children from all over the world gathered at Toyotas annual Dream Car Art Contest at Tokyos bay side on 26 August, to share ideas and drawings on the future of cars.Families were invited to watch their children receive prizes for some of their unique ideas, such as cars that allow people to share ideas without language barriers, cars that could plant seeds, or cars that could unite relatives living far away.The contest encouraged children to stretch their imagination. One of the more unusual entries depicted tiny cars that could wash peoples mouths. But many of the cars were designed to solve social issues that were present in the childrens home countries.Minhal Adnan Sami, nine, from the United Arab Emirates, received this years new Engineering Inspiration Award for her Ecofix Car, which she says would run on vegetable and fruit compost, and collect rainwater to water plants. The award goes to the entry that inspired Toyotas car production staff the most. Her prize-winning drawing was made in to a 3D model.Its more for poor people. They have to collect vegetable and fruit compost, the waste, and they will put it in the fuel tank, and then the car separates the seeds from the compost and dries them, and throws them on the ground, Sami said. And then, the water, the car preserves rain water so it can water the plants, and the new plants can grow.Canadian Hye In Park, 15, received the President Akio Toyoda Award, selected by Toyotas president, for her Dream Society car, designed to unite families living far away.My dream is that I can live with all my family members together, because I am an immigrant from Korea. I live in Canada now, and everyone else lives in like Korea, U.S.A. And I want to, I want to one day live with all of them together in one society, Park said.Toyota officials say they are hoping to fuel the progress of the future with the contest. In order for the global community to keep progressing, it is important that Toyota nurtures the imagination of children, who represent our future, 51-year-old Yoichi Miyazaki, managing officer for Toyota Japan said.last_img read more

US told to see sense on trade at G20

first_imgUS secretary of the treasury Steven Mnuchin talks to Financial Action Task Force president Marshall Billingslea as they pose for the official photo at the G20 Meeting of Finance Ministers in Buenos Aires, Argentina on 21 July. Photo: ReutersUS treasury secretary Steven Mnuchin on Saturday urged China and the EU to respect “free, fair and reciprocal trade” as his French counterpart fired back that the US needs to “see sense” amid fears of a global commerce conflict.Mnuchin arrived in Buenos Aires for the Group of 20 summit of finance ministers and central bankers at the end of a week in which US president Donald Trump ramped up his inflammatory remarks and threats regarding global trade.But far from backing down on Trump’s outbursts, in which he described China, the EU and Russia as trade “foes,” Mnuchin backed his president, in particular over a threat to hammer China with punitive tariffs on the entirety of the $500 billion in goods it exports to the US.“It is definitely a realistic possibility, so I wouldn’t minimize the possibility. We’ve been very clear with our objectives,” Mnuchin told reporters ahead of the start of the two-day G20 summit that brings together the world’s 20 leading economies.“We share a desire to have a more balanced relationship and the balanced relationship is by us selling more goods (to China).”The US trade in goods deficit with China stood at almost $376 billion in 2017.Mnuchin said China must “open up their markets so we can compete fairly,” although he insisted that to do so would be “a tremendous opportunity for us and a tremendous opportunity for China.”The brewing global trade conflict was always expected to dominate talks in the Argentine capital and Mnuchin made no secret that it is the US’s top priority.Turning to the EU, Mnuchin said it would have to make considerable concessions in order for there to be a free-trade agreement with the US.“My message is pretty clear, it’s the same message the president delivered at the G7: if Europe believes in free trade, we’re ready to sign a free trade agreement with no tariffs, no non-tariff barriers and no subsidies. It has to be all three.”Only losersFrance’s finance and economy minister Bruno Le Maire hit back, urging the US to “see sense.”“This trade war will produce only losers, it will destroy jobs and put pressure on global growth,” Le Maire told AFP.“We call on the United States to see sense, to respect the rules of multilateralism and to respect their allies.”Trump’s protectionist policies saw him slap tariffs on steel and aluminum imports, angering allies the EU, Canada and Mexico, and triggering retaliatory measures.The US president has also threatened to put levies on foreign car imports-a big worry for Germany in particular.“Global trade cannot be based on survival of the fittest,” Le Maire said.International Monetary Fund chief Christine Lagarde opened the summit by reiterating her fears that increasing trade restrictions would hurt global GDP.Lagarde said that taking into account “current announced and in process measures,” an IMF simulation indicates that in a worst-case scenario, a half point would be cut from global GDP, amounting to some $430 billion.Argentine economy stabilizingSmall protests against the IMF were staged in central Buenos Aires both on the eve of the summit and on Saturday, with locals angered by a 35 per cent plunge in the peso between April and June.Argentina secured a $50 billion IMF loan in June to stabilize its economy as investor confidence in crisis-hit emerging economies sunk, with some $14 billion taken out between May and June.“The Argentine authorities are implementing a decisive reform plan that has the support of the international community and is backed by the IMF,” said Lagarde.“The Central Bank of Argentina has put in place measures that helped reduce financial volatility and improve transparency,” she added.Lagarde said growth in the country would “stabilize in the last quarter of 2018” with a “gradual recovery in 2019 and 2020.”Away from trade, Mnuchin moved to ease fears in the US that Trump would “jeopardize” Federal Reserve independence after he blasted the Fed’s interest rate hikes in a television interview aired on Thursday.“The president has made it very clear to me that he supports the Fed’s independence,” said Mnuchin.Sanctions was another issue on the agenda, with Mnuchin insisting North Korea would not benefit from “relief until real progress is made” on denuclearization.While he acknowledged the US and EU “don’t see eye to eye” on Iranian sanctions, he insisted they were agreed that “Iran should never have nuclear weapons.”And he said sanctions on Venezuela were meant to “encourage better behavior” from President Nicolas Maduro’s government and insisted it was “a reasonable guess” that Nicaraguan president Daniel Ortega and his allies would face penalties next.last_img read more

Govt procuring arms not equipment to save lives Rizvi

first_imgRuhul Kabir RizviBNP on Saturday alleged that the government has failed to modernise the Fire Service and Civil Defence with modern life-saving equipment as it has only enhanced the capacity of law enforcers to “suppress the opposition”, reports UNB.Speaking at a press conference at BNP’s Naya Paltan central office, party senior joint secretary general Ruhul Kabir Rizvi also said many lives could have been saved had the fire service been modernised.”The government didn’t take any step to equip the fire service with modern equipment to extinguish fire and rescue people. The fire service lacks sophisticated life-saving equipment and management. But many modern lethal weapons have been procured to suppress democratic movements. Expensive and modern equipment have been bought to kill people,” he observed.The BNP leader also questioned as to why the government has no interest in spending money to save people’s lives when it can launch a satellite into orbit. “The country’s people think Sheikh Hasina-government is responsible for the loss of huge lives in Banani’s FR Tower.”He praised the frantic efforts by firefighters in rescuing people from the fire-hit FR Tower, but they failed to save more lives for lack of modern equipment. “Developed countries now use ultramodern equipment to douse fire and rescue people.Rizvi said the government procured modern teargas shells, smoke grenades, sound grenades, rubber bullets, pepper spray and many other costly modern deadly weapons and equipment to suppress opposition and democratic struggles.He also alleged that 30,000 modern 12-bore shotguns and 30,000 cartridges were bought spending several thousand crores of taka.The BNP leader said electric chairs, modern tele-tapping devices and audio-video recording devices were also procured for law enforcers. “The law enforcers were provided with helicopters with an evil intention. But they (govt) are least bothered about saving people’s lives.”He also expressed deep concern over the fire incident at Dhaka North City Corporation (DNCC) kitchen market at Gulshan, just two days after a deadly fire in the city’s Banani area.last_img read more

Nigerian Women Lead Rallies for Their Missing Girls Worldwide

first_img(TriceEdneyWire.com) – An unprecedented surge of gatherings and rallies across the U.S. and abroad sparked by the kidnapping of over 200 Nigerian boarding school girls have made plain the growing anger and frustration of Nigerian and other women over inaction by Nigerian President Goodluck Jonathan and his administration. After three weeks, little more than a call this week for an investigative committee has been accomplished.Since the rallies Saturday, photos of the impromptu events have appeared on Facebook and on blogs, widely exposing a story which received little press attention when the crime in the town of Chibot in the state of Borno, was first reported.From Union Square in New York City to Oakland, California, women filled public plazas with hand-written signs that read “Bring Back Our Girls” “Nigeria the World is Watching” “200 Too Many” among others. Most of the women wore headwraps or “geles” which have a spiritual significance for Yoruba women.In New York, Gugu Lethu said she was planning only to meet with a few women in Union Square to show support for the girls and mothers. However her flier for the event was passed from hand to hand and Facebook page to Twitter and close to 300 women turned up.Morgan State University also hosted a “Bring Back our Girls” rally on campus on May 7. At the event, participants marched from the University Student Center to the Academic Quad.Repercussions from the spontaneous gatherings were felt in Nigeria as the wife of President Jonathan tearfully took to the airwaves to accuse the grieving mothers of the missing girls of embarrassing her husband and to order the detention of two of the protesting mothers. She also pledged to march to the governor’s office of Borno state to demand the release of the girls although it is widely believed that the girls were spirited away to be sold as brides of men in neighboring Chad or Cameroon or to members of the terrorist group Boko Haram.Despite the tragedy, a major economic conference is expected to take place in Nigeria’s capital Abuja from May 7 to 9. President Johnson has given assurances for the safety of the foreign and African guests expected to attend. The BBC is reporting that schools and government offices are to be closed and arrests are being made.According to the website of the conference: ”The 24th World Economic Forum on Africa comes at a crucial time for the continent. Taking place under the theme, Forging Inclusive Growth, Creating Jobs.” Guests include Premier Li Keqiang of China and eleven African heads of state and government.Some 1,500 people have been killed since January 2014 due to the ongoing fighting between the insurgent Boko Haram group and the Nigerian military.A U.S. contingent in Nigeria will not be taking part in the girls’ rescue, it was clarified today. Their efforts are limited to security training and crowd control for the business event this week, reports said.Nigeria’s budget for security this year is more than $6 billion – double the allocation for education.Meanwhile, the noted author of Half of a Yellow Sun and most recently, Americanah, published a response to the tragedy called “The President I Want.” The full article can be read at: http://www.thescoopng.com/exclusive-chimamanda-adichie-president-want/last_img read more

The Glass Ceiling in Real Estate

first_imgThe “Glass Ceiling” in Real Estate Share in Daily Dose, Data, Featured, News More than one-third of Americans working in female-dominated industries such as real estate, healthcare, and education believe that the “glass ceiling” in their industry makes it more difficult for women to reach executive or senior level positions. This, according to a survey by Coldwell Banker Real Estate that examined the role played by women in leadership positions.The survey covered more than 2,000 employed U.S. adults to compare the leadership and professional ambitions of men and women who work in “female-dominated versus male-dominated industries as determined by data from the U.S. Bureau of Labor Statistics, to probe the causes of this gender leadership gap.”Citing the National Association of Realtors’ Member Profile Report, Coldwell Banker said that while women accounted for 63 percent of all Realtors® 57 percent men lead real estate companies as a broker-owner or a selling manager.”Women in real estate face an upward mobility challenge, and it’s our responsibility to help correct the gender leadership gap,” says Zoe Horneck, VP of Product Marketing and Communications, Coldwell Banker. “Our work has only just begun and we’re committed to ensuring that women across our network can envision a path to leadership and are given a variety of opportunities to exercise their leadership skills.”The survey revealed that 14 percent of men working in female-dominated industries held an executive level position compared with only 8 percent of women. The difference between the two? Seventy-five percent, the survey said.The problem, the survey found also stemmed from the fact that women were more hesitant than men to ask for a raise or promotion even if they met most or all the qualifications. In fact, men were 20 percent more likely than women to ask for a raise. They were also 32 percent more likely than their women-counterparts to say they had ambition of one day holding an executive-level position in their current industry.Men were also more satisfied with their pay than women, with 79 percent of the male respondents saying they were compensated fairly for their work against 70 percent women.However, there’s more agreement on diversity and inclusion at the executive level. The survey found that 64 percent of all employed U.S. adults agreed that working for a company that had female representation at the executive level was important to them. Forty-one percent of the respondents also said that at their company women had to work harder than men to earn an executive level position.Click here to read the full survey.center_img Coldwell Banker Real Estate HOUSING National Association of Realtors real estate 2019-02-05 Radhika Ojha February 5, 2019 1,291 Views last_img read more

Russia is on course to complete digital switchover

first_imgRussia is on course to complete digital switchover by 2017, according to broadcast infrastructure provider RTRS’s chief Viktor Pinchuk.Local press reported Pinchuk as saying that the country’s first digital multiplex would include the new public TV channel set to launch next year as well as a channel for regional services, while a competition for participation in a second multiplex would be held in the middle of December. The second mux will comprise 10 channels initially.Pinchuk said that a decision of switching off DVB-T transmssions during the first quarter of 2013 would be taken after the situation was analysed. However, it was likely the switch would be delayed slightly, he said.Pinchuk said there were currently 96 models of DVB-T2 set-top available on the Russian market.last_img read more

Sascha Pruter Pay TV operators will be best placed

first_imgSascha PruterPay TV operators will be best placed to manage the smart home on behalf of consumers, according to Sascha Pruter, head of Android TV programme management at Google.Speaking at the Multi-Network Solutions in the Real World Forum organised by content security provider Verimatrix at IBC, Pruter said the pay TV operators were best placed to expand their services beyond TV to “taking control of the house” because they have the customer relationship and can provide customers with a single number to call. “I think branding of pay TV operators will go towards a household brand rather than just a video brand,” he said.Addressing Google’s relationship with pay TV operators, Pruter said the first pay operators using Google TV as their platform of choice had launched Google Play stores on their TV services. “If we can come up with the right revenue model, [operators] can give consumers what they want while maintaining [their] own brand. For Google this is a partnership opportunity. Operators approach us and want to talk about these partnership opportunities,” he said.Pruter said that the user expectation had changed and consumers were used to going to app stores and getting things quickly. He said that one of the key requirements for operators is to be able to react quickly to trends. “The industry now seems to realise that reacting to changes has to happen fast to compete with the web and mobile,” he said.However, TV is still distinct from mobile, he added: “I don’t think all the principles from mobile apply to TV. Expectations of quality are very different. I’m much less tolerant of jitter on TV than when watching a YouTube clip while waiting for a bus.”Pruter said content regulations as well as rights issues needed to be challenged in many cases. “On the content side, yes, it take time to get rights but content owners are getting more used to things. They are realising that things in the way of consumers getting the content are harming them,” he said.Also participating in the session, Verimatrix CEO Tom Munro said that “one thing the operators can sell is trust” and that this would give them a role even in an app-centric world.Munro said that “the cord would become more difficult to cut” as operators move beyond video to applications such as home security.Speaking on the same panel, Francisco Saez Arance, service development director, global video unit Telefonica, agreed that OTT technology is enabling operators to innovate faster while maintaining the value of pay TV through legacy technologies. “We have to deal with complexity in the most open way that’s available,” he said. “As a pay TV operator with different operations, we are trying to leverage the existing assets and provide some unified layers that we brought from the OTT arena to provide unified experiences.” Saez said that the operator had “enough magical glue” coming from the OTT world to enable it to deliver consistent experiences.Saez said that Telefonica was leveraging cloud technologies to enable viewers to consume linear content in a non-linear way through features enabled by the cloud such as DVR and pause, leading him to use the phrase “flexilinear” to describe what is happening. He said that commercial agreements and contract rights are more challenging than technology restrictions in enabling all this to take place.Saez said that there is an issue about who controls user data and provides the user experience, including content search and discovery.“Some content providers are only providing access to services in a not very integrated way, but we are always looking to provide more value and looking at how to gather knowledge of their content assets and how to provide better recommendations. We integrate third party portals and their catalogues to provide value to their customers and it’s a question of the willingness of the content owners,” he said.last_img read more

As mentioned above sukuks are typically denominat

first_img As mentioned above, sukuks are typically denominated in the currency of the issuing country. No surprise, then, that Malaysian ringgit-denominated sukuks accounted for 63% of total issue value for 2013. What might surprise is that 15% of total issue value in 2013—US$28 billion—was sukuks denominated in US dollars, up from 13.9% in 2012. If the US Fed continues to make good on its promise to taper its QE program, and if US interest rates indeed rise, the dollar should continue to strengthen and benefit US dollar-denominated sukuks. Total sukuk issuance is estimated to reach US$70 billion in 2014, according to Moody’s. The governments and government-related entities in the GCC will be the main drivers of sukuk issuance going forward. Being based in Dubai, I can say anecdotally that it is once again on track to become the construction-crane capital of the world. With the real estate market rebounding strongly, development activity has started up across the entire city. In addition, a number of large-scale projects that were put on hold are now moving forward. Many of these new projects will be funded through sukuk issuance. The Dubai government has the explicit ambition to become the center of the Islamic economy. One potential way to profit from this growth will be the sukuk issuances from high-quality sovereign and government-related entities in the United Arab Emirates and other GCC countries. Ankur Shah is the founder of the Value Investing India Report, a leading independent, value-oriented journal of the Indian financial markets. Ankur has more than eight years of equity research experience covering emerging markets, with a focus on Southeast Asia. He has worked as both a buy-side investment analyst for a global long/short equity hedge fund and a sell-side analyst for an emerging markets investment bank. Ankur is a graduate of Harvard Business School. You can learn more about his latest views on global markets at the Value Investing India Report and follow him on twitter at https://twitter.com/AnkurShah47. Islamic finance remains one of the bright spots in the global financial industry post the 2008 financial crisis. Despite two decades of strong growth, the industry is now finally poised to break into conventional financial markets in the West. Islamic finance is comprised of instruments, infrastructure, institutions, and markets that apply Sharia rules and principles. You might be wondering how Islamic finance impacts you, if you’re based in a non-Muslim country. Increasingly it’s being viewed as an avenue of growth for global banks, as the industry caters to the world’s 1.6 billion Muslims. The advent of Islamic finance allowed devout Muslims the ability to access financial products and services without compromising on their beliefs. As a result, total global Islamic banking assets are projected to surpass US$2 trillion in 2014. The Islamic finance sector is primarily comprised of Islamic Banking, Sukuk (Islamic Bonds), Takaful (Islamic Insurance), and Islamic Mutual Funds. The geographic centers of Islamic finance are primarily in Asia (Malaysia and Indonesia) and the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates). At its core, Islamic finance is governed by fundamental principles outlined in Sharia law. The main distinction between conventional finance and Islamic finance is that the latter prohibits riba (usury/interest). Thus, virtually all Islamic finance products are based on the principle of risk sharing as opposed to risk transfer. For example, an Islamic mortgage transaction would entail the bank purchasing a property and then reselling it to the homebuyer at a fixed profit. The buyer would then have the option to make the payments in installments. However, due to the concept of risk sharing, the bank could not charge additional penalties for late payments but would retain ownership until the loan was paid off. Global Investors and Islamic Finance For global investors, the sukuk (Islamic bond) market is probably the area of greatest interest within Islamic finance. The sukuk is an asset-backed security, which represents ownership in a tangible asset. With a sukuk the initial face value of the bond isn’t guaranteed. Unlike a conventional bondholder, a sukuk investor shares the risk from the underlying asset. In practice, some sukuks are issued with repurchase guarantees, which would result in the investor receiving face value at maturity, much like a conventional bondholder. However, not all Sharia scholars agree this structure is Sharia compliant. Traditionally, governments and government-related entities in Asia and the Gulf Cooperation Council (GCC) issued sukuks denominated in the local currency to domestic investors. However, increased demand from global investors has led to increased cross-border issuance from non-traditional sources. Last September, rating agency Moody’s observed, The year 2014 has become a landmark year for sovereign sukuk, with the UK issuing its inaugural sukuk, and with Hong Kong and South Africa expecting to conclude sales in September 2014. All three are major non-Islamic countries, and the transactions indicate a significant change in the potential size, depth, and liquidity of this market. This move into sukuk finance by countries with populations that are not predominately Muslim marks a shift in the long-held perception that Islamic finance is the domain of Muslim countries. In an effort to assist countries that seek to issue sukuk, Islamic institutions like the Islamic Corporation for the Development of the Private Sector offer help with the structure of sovereign sukuk finance. Malaysian Dominance Malaysia dominates the sukuk finance sector both on a new issuance and outstanding basis, as shown in the following charts.last_img read more