Category: cohtoypc

CPL 2018: Steve Smith to replace Shakib Al Hasan at Barbados TridentsCPL 2018: Steve Smith to replace Shakib Al Hasan at Barbados Tridents

first_imgSteve Smith will play his second T20 tournament after the ball-tampering scandal which led him to being banned from Australian cricket.Smith signed with Barbados Tridents which plays in Caribbean Premier League and will replace Shakib al Hasan who would no longer available for the tournament.Smith has played 64 Tests, 108 ODIs and 30 T20 Internationals for Australia and is currently the number one ranked Test batsman in the world.”With more than 3000 T20 runs, including a century and 11 fifties, Smith brings a huge amount of experience to the Tridents squad,” Barbados Tridents said in a statement.BREAKING NEWS : Steve Smith joins @BIMTridents for #CPL18 Welcome to the party @stevesmith49 Read more #BiggestPartyInSport T20 (@CPL) July 25, 2018The Tridents get their season underway with an away trip to the Guyana Amazon Warriors on 12 August before a match against St Lucia Stars on 17 August. The Tridents will then play Jamaica Tallawahs in Lauderhill, USA before playing five matches at Kensington Oval, Barbados between 25 August and 2 September.The tournament will get underway on 8 August, with Barbados beginning their campaign against Guyana Amazon Warriors on 11 August. The tournament will go on till 16 September.”It is a huge blow to lose Shakib for the tournament but in Steve Smith we have a truly world-class replacement who can help to bring power to our batting lineup. As a man who has played cricket at the highest level all over the world we are very confident that Smith will be a big success with the Tridents,” said Tridents coach Robin Singh about the signing of Smith.advertisementSteve Smith last played in the Global T20 Canada for Toronto Nationals back in June. Though his team finished last in the tournamen, Smith scored 167 runs with two fifties at an average of 33.40 and strike rate of 119.28 in six games.David Warner, also banned by CA over the same incident in South Africa, took part in the event in Canada as well, playing eight matches for Winnipeg Hawks. Warner has signed up St Lucia Stars in the upcoming edition of the CPL.last_img read more

Australian Open: Sharapova knocks out defending champion Wozniacki in Round 3Australian Open: Sharapova knocks out defending champion Wozniacki in Round 3

first_imgFormer champion Maria Sharapova battled past holder Caroline Wozniacki 6-4 4-6 6-3 in a third round thriller at the Australian Open on Friday.Denmark’s Wozniacki raced to a 4-1 lead in the opening set but Sharapova raised her level and reeled off the next five games to grab the early advantage in the contest.The second set followed a similar pattern before Wozniacki took advantage of Sharapova’s sloppy serving late on to drag the match into a decider.The Russian was not to be denied, however, as she closed out the win on her second match point in two hours and 24 minutes.”(feels good?) It really is. I thought the level was quite high, I knew it was going to be tough. She loves this arena, I haven’t played many matches prior to this but this is what you train for and it’s really rewarding.”I am definitely not walking around thinking that I have experience because that will be dangerous but definitely experience helps.”(About next opponent Ashleigh Barty) I think her story is phenomenal, she loves playing here. She did really well in Sydney really well and she loves it here. She took a break and came back and is doing incredibly well. I know the crowd is going to be tough but I look forward to playing,” Sharapova said after the match.Five-times Grand Slam champion Sharapova, who won her last major at the 2014 French Open, hit 37 winners against 10 from her opponent and converted her second matchpoint to set up a fourth round clash with local hope Ashleigh Barty, who eased past Greek Maria Sakkari 7-5 6-1.advertisementMeanwhile in other matches, young American Amanda Anisimova upstaged 11th seed Aryna Sabalenka 6-3 6-2, hitting her way into the fourth round.The fearless 17-year-old bullied her much higher ranked opponent who looked shell-shocked by the power being generated at the other end of the court.It was Anisimova’s third consecutive straight sets win, which included a 6-0 6-2 destruction of 24th seed Lesia Tsurenko, signalling the arrival of a genuine new talent in the women’s game.Anisimova, the youngest competitor in the draw, will play the winner of Petra Kvitova and Belinda Bencic in the fourth round.last_img read more

Children who take up American football early ‘at greater risk of brain impairment’Children who take up American football early ‘at greater risk of brain impairment’

first_imgShare on Pinterest Share via Email Topics Read more The effects appeared regardless of whether players were professional or amateur, the number of years they had played, and their levels of educational attainment.“It really looks as if the developing brain is uniquely vulnerable to the consequences of traumatic injury inflicted by football,” said Barry Kosofsky, director of the pediatric concussion clinic at Weill Cornell Medicine and New York-Presbyterian hospital, who was not involved in the study.The research comes at the start of the National Football League season, and on the heels of Boston University research that found the degenerative brain disease chronic traumatic encephalopathy (CTE) in all but one of 111 NFL players’ brains donated to science. The study is set to be published in the open journal Translational Psychiatry.“People that play long and hard but started later don’t have the liability of people that started earlier,” Kosofsky said. He called the results “very worrisome”.The new research asked 214 adult men who played football either before or after age 12 to take a variety of emotional and cognitive tests. It is one of just a handful of studies that examine whether starting tackle football at a young age influences brain function later in life.According to the study, men who played football before age 12 were more than twice as likely to have impaired scores for behavior regulation, apathy and executive functioning, compared to those who started after age 12. The same group was almost three times as likely to have elevated depression scores on cognitive tests.All of those impairments are symptoms of CTE. The men in the study were not diagnosed with the disease, which can only be confirmed after death. All participants in the research were adults who had played football many years ago as children, before parents or coaches were aware of the risks of youth football. The research is just a snapshot, and cannot establish a causal link between youth football and cognitive impairments.Though the numbers of youth football players have declined over the last decade, more than 1.2 million children between six and 12 years old played tackle football in 2015, according to USA Football. “We must avoid any kneejerk reactions to single studies,” said Yorgos Tripodis, an associate professor at Boston University who co-authored the study. “But at the same time, research on the effect of football on the brain is at a point where it can’t be ignored.” Tripodis asked whether, as a society, we should “drop our children off at a field with a big plastic helmet and face mask, and hit their heads against others hundreds of times a season”.Others, including Bennet Omalu, the University of California neuropathologist who first linked football to CTE, went further. He called youth football tantamount to “child abuse” this month, and compared it to allowing a 12-year-old to smoke and drink. “The real issue is younger kids are bobbleheads: their heads are a bigger percentage of their body,” said Kosofsky. “If you have a big head and weak neck muscles, you’re a setup, because a hit gets the brain, which is like custard, rattling around the head.” The study did not examine why children younger than 12 might be more vulnerable to hits to the head.Kosofsky said parents whose children played youth football and are younger than 12 should “take ’em out”. The study comes at a politically sensitive time for the NFL. Only in 2016 did the league acknowledge a link between football and CTE. It also recently settled a $1bn class action lawsuit with retired players.Just days after Boston University’s widely covered July study on the brains of deceased players, the Baltimore Ravens offensive lineman John Urschel quit. In prior years, other players, such as the former Dallas Cowboys quarterback Troy Aikman, said they would not let young children play football. This article was amended on 20 September 2017 to correct Yorgos Tripodis’ job title. … we have a small favour to ask. More people, like you, are reading and supporting the Guardian’s independent, investigative journalism than ever before. And unlike many news organisations, we made the choice to keep our reporting open for all, regardless of where they live or what they can afford to pay.The Guardian will engage with the most critical issues of our time – from the escalating climate catastrophe to widespread inequality to the influence of big tech on our lives. At a time when factual information is a necessity, we believe that each of us, around the world, deserves access to accurate reporting with integrity at its heart.Our editorial independence means we set our own agenda and voice our own opinions. Guardian journalism is free from commercial and political bias and not influenced by billionaire owners or shareholders. This means we can give a voice to those less heard, explore where others turn away, and rigorously challenge those in power.We hope you will consider supporting us today. We need your support to keep delivering quality journalism that’s open and independent. Every reader contribution, however big or small, is so valuable. Support The Guardian from as little as $1 – and it only takes a minute. Thank you. Share on Twitter Share on LinkedIn US news College football Children who start playing American football before the age of 12 are twice as likely to develop emotional and cognitive difficulties compared with those who start later, a Boston University School of Medicine study found. College sports news Share on Messenger Since you’re here… Support The Guardian Study links longer football careers to more severe cases of CTE US sports Share on WhatsApp Share on Facebook Reuse this contentlast_img read more

FSC-Regulated Entities Must Meet Fit and Proper TestFSC-Regulated Entities Must Meet Fit and Proper Test

first_img Manager of Communications and International Relations at the Financial Services Commission (FSC), David Geddes, says entities in the insurance, pension and securities industries must meet the FSC’s fit-and-proper requirements in order to legally operate in Jamaica. Story Highlights “Fit and proper, in this sense, would mean persons who have not been convicted of any crime involving dishonesty, are competent, have strong moral principles and are expected to live up to the positions of trust they hold,” Mr. Geddes explained. This means that responsible persons must possess the competence, character, diligence and judgment necessary for them to perform their duties. Manager of Communications and International Relations at the Financial Services Commission (FSC), David Geddes, says entities in the insurance, pension and securities industries must meet the FSC’s fit-and-proper requirements in order to legally operate in Jamaica.This means that responsible persons must possess the competence, character, diligence and judgment necessary for them to perform their duties.“Fit and proper, in this sense, would mean persons who have not been convicted of any crime involving dishonesty, are competent, have strong moral principles and are expected to live up to the positions of trust they hold,” Mr. Geddes explained.He noted that the same fit-and-proper criterion is used by the Bank of Jamaica (BOJ), which overseas deposit-taking institutions like banks, building societies and trust companies.Mr. Geddes was speaking in an interview with JIS News following an FSC town hall meeting at the Cecil Charlton Hall in Mandeville, Manchester, on May 21.The event was in keeping with the entity’s drive to advance financial literacy in Jamaica and encourage greater use of financial services by citizens.Topics explored include creating wealth through investing, retirement planning, protecting assets through insurance, and the rights of consumers.Mr. Geddes said that a key area of focus is the FSC’s role in advancing the Government’s goal of fostering a sound, stable and vibrant financial sector, which inspires confidence, investment and growth.He noted that while the insurance, securities and pension industries are important channels through which long-term savings and investment can be generated, it is important for persons to know how individuals and companies approach risk-taking, as this determines the kinds of investment decisions they make and the impact those choices can have.“For individuals to invest in stocks and securities – to lay aside money each payday for a pension… to buy life, health and property insurance, they must be confident that, when the time comes, the benefits paid for will be there,” he outlined.“An insurance company, for example, that behaves in an unwise and risky manner, puts all shareholders’ investment in jeopardy and may hurt hundreds and thousands of policyholders,” he noted.The FSC’s Mandeville meeting was held in collaboration with the Jamaica Stock Exchange (JSE), Jamaica Deposit Insurance Corporation (JDIC), and the Insurance Association of Jamaica.It was the seventh is a series by the FSC since 2018. The meetings will continue in Portland in July and in St. Thomas in September.last_img read more

Sillamäe Gas Terminal Plans ScrappedSillamäe Gas Terminal Plans Scrapped

first_imgzoom Plans to construct the EUR 500 million Sillamäe gas terminal in Estonia have been abandoned due to ongoing sanctions imposed by the European Union against Russia, as reported by Estonian daily Postimees.The construction of the terminal was proposed by Estonian Sillgas company.The terminal was intended to have handling capacity of 2.3 million tonnes per annum.According to Sillgas Chief Endel Siff, cited by the newspaper, the freezing of relations with Russia has influenced investors’ interest in the project making it less viable for execution.In addition, the project would be contrary to the Estonian government’s policy which favours the use of local fuels, Siff added, taking into account the fact that the terminal was supposed to process Gazprom pipeline gas into LNG.The project’s competitiveness is further hampered by the excise tax on natural gas that rose by 20 pct.World Maritime News Stafflast_img read more

Province Invests in Climate Change Education ProgramProvince Invests in Climate Change Education Program

first_imgNova Scotia Energy Minister Bill Dooks spoke to Grade 10 science students at Eastern Shore District High School today, March 6, at a screening of the Oscar-winning film An Inconvenient Truth. “Climate change is real and we need to deal with it,” said Mr. Dooks. “Everyone needs to take action to reduce our carbon footprint — government, industry and the public. And this film is a stirring call to action.” The Nova Scotia government has given $10,000 to the Ecology Action Centre’s Movie Series Education and Outreach Project. The funding supports provincewide screenings of films about global warming, peak oil and climate change. One of the films, An Inconvenient Truth, is widely credited with helping shift U.S. public opinion around global warming. “This project is a great way to engage Nova Scotians of all ages in a discussion about energy issues and climate change,” said Andrea Flowers of the Ecology Action Centre. “We hope that this project will encourage Nova Scotians to come together and take action in combating climate change in our province.” Public screenings are scheduled to take place provincewide at high schools, universities, libraries, and other community organizations until the spring. Viewers will also have the opportunity to participate in an open, post-film discussion. A complete list of upcoming screenings and information on how community organizations can get involved in the project is available on the Ecology Action Centre website at .last_img read more

Ontario court upholds murder conviction for man tried four times in 1981Ontario court upholds murder conviction for man tried four times in 1981

first_imgA chapter has closed in a decades-long legal saga after Ontario’s highest court upheld a first-degree murder conviction for a man who was tried four times in the killing of a Hamilton nursing assistant.Robert Badgerow was arrested in the late 1990s and charged in the death of Diane Werendowicz, a 23-year-old woman who was sexually assaulted, strangled and dumped in a ravine in Hamilton in 1981. Badgerow, who was 23 at the time of the crime, was convicted of first-degree murder, but the verdict was overturned on appeal, and his next two trials resulted in hung juries. He was then granted a stay of proceedings.The stay was revoked after Ontario’s court of appeal found evidence that an anonymous 911 call had been improperly excluded. Badgerow was found guilty in a fourth trial that included the evidence about the call.He appealed the verdict, arguing the judge made several errors in his instructions to the jury, including in his directions on how to handle the evidence about the call.In a decision released Wednesday, the appeal court says the judge’s instructions were appropriate and would not have misled the jury on the evidence.“Jury instructions are not inadequate or unfair because they do not include everything that could properly have been said about certain evidence or certain arguments advanced in respect of that evidence,” the court said.“It would be a rare charge that could not, upon critical review in the unhurried calm of the appeal court, be improved or clarified. The jury instruction must be legally correct and fair, not perfect.”Werendowicz had gone to a bar with friend the night of June 19, 1981, and left shortly before midnight to walk home, according to court documents.Her body was found the following evening, her head and shoulders covered by a tire, the documents said. When the tire was lifted, police discovered she had been strangled, and the strap of her purse was around her neck.Forensic tests found semen on her genitals and jeans, and the fly of her jeans was undone when she was found, they said.Two days later, an anonymous call was made to 911, reporting that she had been raped before she was killed and that she had been strangled with her purse.Badgerow was identified as a suspect 17 years later after police obtained a sample of his DNA, which matched the profile of the semen found on Werendowicz.Badgerow has consistently said that he had consensual sex with Werendowicz, who he did not previously know, in the back of his truck outside the bar the night she died and that someone else attacked her on her way home.In the appeal, his lawyers alleged the trial judge gave unfair instructions regarding the 911 call, which was possibly placed by the killer and traced to a pay phone near Badgerow’s workplace. They argued the judge failed to adequately review the evidence on the tracing process and the possibility of human error.They also alleged the judge erred in his instructions on the risks of voice identification from the 911 call, particularly in encouraging jurors to use “common sense” to evaluate the evidence, and in failing to highlight the details that should be reviewed with caution.The defence also alleges the judge erred in his instructions on how to use a video of Badgerow from his first wedding in 1982.The appeal court acknowledged the trial judge did not give a detailed review of the tracing evidence but said he was not obliged to do so. “The trial judge’s decision to give a general but even-handed summary of the tracing evidence did not amount to an error in law. Nor did it render the instructions unfair,” it said.The judge also reminded the jury that there were “a lot of human links in the tracing chain” that were not brought before the court and that the absence of such testimony made the evidence less reliable, the appeal court said. “I have no doubt the jury would understand that the witnesses’ absence was significant because it prevented defence counsel from exploring the possibility of human error with the people actually involved in the tracing,” it said.On the issue of voice identification, the appeal court said the judge’s suggestion to use common sense was a direct reference to his earlier instructions in which he told jurors they surely understood, from their own experience, that people can easily be wrong about voice identification.“By urging the jurors to use their common experience and common sense, the trial judge was reinforcing his instructions that the evidence of voice identification should be approached cautiously,” the court said.The instruction on the wedding video was also appropriate, the court ruled. Badgerow was “sufficiently identified” as the speaker in the video to allow comparison with the voice on the 911 call, though there were unknown factors that made the comparison “potentially of little value,” it said.“The trial judge adequately cautioned the jury against using the video evidence to incriminate the appellant. At the same time, he left the evidence with the jury as something it could use, if it saw fit, to assist in determining whether the appellant was the 911 caller.”Paola Loriggio, The Canadian Presslast_img read more

CIBCs Simplii Financial direct banking launches but customers find glitchesCIBCs Simplii Financial direct banking launches but customers find glitches

first_imgTORONTO – The launch of CIBC’s new Simplii Financial direct banking brand on Wednesday has not gone exactly to plan, as some customers are finding glitches with the new offering.The bank (TSX:CM) has switched over customers from President’s Choice Financial to Simplii after reaching a deal with Loblaw Cos. Ltd. (TSX:L) in August.The companies decided to end a decades-long partnership and go their separate ways, with Simplii taking the savings, chequing and mortgage accounts and PC Financial keeping its MasterCard credit cards and PC Plus points program.Some customers say they have found long call waits for customer services, and others are complaining on Twitter that the mobile application isn’t working or that they’re unimpressed with the changes.“There are no innovations. They simplii just changed the app logo and colour. It’s still the worst mobile banking app in Canada,” tweeted Andrew Chisholm.Others were simply confused about where their new banking cards are (they will be mailed out between today and next April) and while some were pleased by new Simplii offerings such as free e-transfers.The company has responded on Twitter saying that its mobile app is being updated throughout the day and suggesting customers delete and reinstall the app if they have issues.Communicating with customers is key in situations like this, said IDC Canada associate analyst Bob Smythe, adding that any impact on the brand will be limited if problems are fixed quickly.“In any situation where someone’s forced to do something, you’re going to find people who are annoyed. But I guess it depends how smoothly it goes over the next couple of days.”“I think if it carried on for very long it would be a problem but, if it’s rectified quickly, they can overcome any negative feelings,” Smythe said.In announcing the deal in August, CIBC (TSX:CM) promised a smooth transition for existing PC Financial clients, with no changes to account numbers, mortgage terms or automatic payments and deposits.CIBC spokeswoman Olga Petrycki said by email Wednesday that the company “seamlessly transitioned nearly 2 million clients to Simplii today,” and that the technical issue experienced by a few people was limited to a slow refresh of the Apple app that customers could solve by reinstalling it.last_img read more

EC asks ATCs to share details of chartered flights choppersEC asks ATCs to share details of chartered flights choppers

first_imgPatna: In order to monitor the poll related expenditure, the Election Commission has asked the Air Traffic Control department to share details of chartered flights and helicopters used for election purpose with the state chief electoral officer.The Air Traffic Control (ATC) officials have also been instructed to share the data with the district election officers (DEOs) where the airports are located, an official said. According to Bihar Additional Chief Electoral Officer (ACEO) Sanjay Kumar Singh, the ECI’s decision has been conveyed to all government officials during a review meeting convened for monitoring election-related expenditure during the upcoming polls. Also Read – Squadrons which participated in Balakot air strike awarded citations on IAF Day”The ATC towers of Patna and Gaya will have to share the details of all chartered flights, helicopters and passengers with the CEO’s office and the DEOs of Patna and Gaya districts,” Singh told reporters here on Saturday. “The passengers of the chartered flights and helicopters will be frisked and their baggage will be checked,” Singh said. He also said that the notification for filing nominations for the first phase of polling will begin on March 18. The ATC directive was issued recently for all the states, an official said. The nodal officer for expenditure, district magistrates, superintendent of police, officers of paramilitary forces were among those present at the meeting. The income tax department officials will track any dubious and suspicious transactions above Rs 10 lakh, the ACEO said. The staff of vans carrying cash from banks should wear proper identity cards, he said.last_img read more

Merge LVB with PSU bank Dont let IBH buy it Bank staffMerge LVB with PSU bank Dont let IBH buy it Bank staff

first_imgChennai: Citing the Rs 30,000 crore public deposits in Lakshmi Vilas Bank (LVB), the All India Bank Employees’ Association (AIBEA) has demanded its merger with a public sector bank (PSU) than be acquired by Indiabulls Housing Finance Ltd (IBH). In a letter to the Governor of Reserve Bank of India (RBI) on Sunday, AIBEA General Secretary C.H. Venkatachalam said: “Taking into account the fragile health of Lakshmi Vilas Bank Ltd., it is necessary for the RBI to take a holistic view and merge it with one of the public sector banks in public interest instead of allowing LVB to merge with IBH.” Also Read – Thermal coal import may surpass 200 MT this fiscal”The Bank may be a private bank but the deposits in the bank (Rs 30,000 crore) belongs to the people at large and is public money,” he added. Venkatachalam said, it is already known that IBH had applied for banking licence to start a Bank on its own but the same was not sanctioned by the RBI. “Having failed to get a banking licence, it is now found that IBH is trying to become a bank by merging LVB with itself. This is obviously a short-circuit method by IBH,” he said.last_img read more

Ban condemns assassination of GuineaBissaus presidentBan condemns assassination of GuineaBissaus president

“The Secretary-General is deeply saddened and dismayed by the assassinations of President João Bernardo Vieira and his Chief of General Staff, General Batista Tagme Na Waie,” Mr. Ban said in a statement released by his spokesperson. “He remains in close contact with his Representative for Guinea Bissau, Joseph Mutaboba, who along with others in the international community is working to promote peace, political stability and development in the country,” the statement added. The Secretary-General’s statement noted that the assassinations occurred soon after successful legislative elections which “paved the way for enhanced UN support to the country’s peacebuilding efforts.” Guinea-Bissau is one of a handful of States on the agenda of the United Nations Peacebuilding Commission, which aims to help poor countries avoid sliding back into war or chaos.The West African country has struggled to combat drug trafficking and organized crime, and also to sustain economic growth and political stability amid a series of civil conflicts, coups d’état and uprisings in recent decades. This past November, renegade military elements attacked the residence of President Vieira but he survived the attack, which occurred just one week after legislative elections were staged in a peaceful and orderly manner. At that time, Secretary-General Ban Ki-moon and the Security Council both condemned the failed assassination attempt and urged all political groups to resolve their differences peacefully. 2 March 2009United Nations Secretary-General Ban Ki-moon today strongly condemned the killing of the president of Guinea-Bissau and his chief of staff, calling on the national authorities to maintain the rule of law and bring those responsible to justice. read more

Madagascar UN assists relief efforts after deadly tropical stormMadagascar UN assists relief efforts after deadly tropical storm

18 March 2010United Nations aid workers in eastern Madagascar are helping local officials mount relief efforts in the wake of Tropical Storm Hubert, which has killed dozens of people in the Indian Ocean country and left an estimated 11,000 others homeless. The UN Country Team stocked relief items such as food, medicines, mosquito nets and shelter materials in the affected areas, according to an update released yesterday, and is assisting local officials to evacuate people from some of the more isolated districts.The UN World Food Programme (WFP) has started distributing emergency rations in the Farafagana region, and will soon given one ton of high-energy biscuits to victims in Manakara.Seven districts, mostly in the southeast of the country, are reported to be flood-stricken, with schools, health centres and homes all reported to be damaged following the storm, which hit Madagascar late last week. Relief efforts have been hampered by the widespread damage to roads, which has cut off links to some communities.The UN Country Team, citing figures from the Malagasy Red Cross, reported that 11,000 people became homeless immediately after the storm but may return to their houses once water levels subside.The UN Children’s Fund (UNICEF), meanwhile, is financing an aerial assessment of the flooded region. read more

BoC retreats from rosy forecast on economy keeps policy rate at oneBoC retreats from rosy forecast on economy keeps policy rate at one

by Julian Beltrame, The Canadian Press Posted Jul 17, 2012 4:54 pm MDT BoC retreats from rosy forecast on economy, keeps policy rate at one per cent OTTAWA – Low borrowing costs will remain for awhile longer after The Bank of Canada moved Tuesday to keep interest rates low, noting the economic recovery is being blown slightly off course by a perfect storm of global turbulence that is affecting all major economies.But in a statement that was not as dovish as some anticipated, the central bank gave no comfort to those looking for the next move to be an interest rate cut, rather than an increase.As expected, the central bank kept its benchmark policy setting at one per cent until at least the next policy meeting in September, but tellingly also maintained its bias toward tightening monetary policy in the future.The forward-looking bias is a bit of a surprise given that the bank ratcheted down its forecast for the economy from the relatively rosy 2.4 per cent growth rate in 2012 and 2013 to 2.1 per cent and 2.3 per cent for the two years, respectively.More aggressive expansion now won’t come until 2014 when the economy is forecast to grow by 2.5 per cent.And the economy won’t return to full capacity until the second half of 2013, about six months later than the bank monetary policy panel, which is led by governor Mark Carney, thought in April.Still on future policy action, it repeated the mantra of April.“To the extent that the economic expansion continues and the current excess supply in the economy is gradually absorbed, some modest withdrawal of the present considerable monetary policy stimulus may become appropriate.”CIBC chief economist Avery Shenfeld said that was a slap in the face to markets, which had been looking for a more dovish signal from Carney.“The market is now pricing in a rate cut as the next move by the Bank of Canada, and Carney’s team is saying that’s unlikely,” he said.“(The bank) is delaying a resumption of the kind of growth rates needed to get us back to full employment, but not giving up on the idea that that is coming in a year or so. This forecast could easily involve a rate hike early in 2013, but that’s going to depend very much, as the bank knows, on what policy-makers in the U.S. and Europe actually do.”The new projections put the central bank closer in line with the private sector economist consensus and virtually on the same page as the International Monetary Fund’s call on Monday for 2.1 per cent and 2.2 per cent growth in 2012 and 2013.“While global headwinds are restraining Canadian economic activity, domestic factors are expected to support moderate growth in Canada,” Carney and his policy panel said in statement.“Consumption and business investment are expected to be the primary drivers of growth, reflecting very stimulative domestic financial conditions (interest rates).”However, they note that the global slowdown is restraining exports and pushing down commodity prices, sapping Canadian incomes and wealth. Meanwhile, record-high household debt is restraining spending, housing activity is expected to slow from record levels, and governments have taken themselves out of the stimulus game with austerity budgets.The interest rate announcement was pretty much anticipated by private sector economists. It now means the bank will have kept the benchmark setting at one per cent two full years, and if analysts are correct, it probably will do so for a third.“The maintenance of the tightening bias is likely a signal to one and all that the bank has absolutely no intention of following the easing lead of many other central banks, but at the same time they are highly unlikely to act on that bias anytime soon,” said Doug Porter of the Bank of Montreal.“After all, in the current global economic climate, restraint is the better part of valour.”Across the board, the bank says, conditions are worse than they were a few short months ago.The United States recovery continues but it is weaker, it noted.In Washington on Tuesday, Federal Reserve chairman Ben Bernanke said the Fed is prepared to take further action to support the economy, but didn’t spell out how or when.In China and other emerging economies, the deceleration of growth has been greater. Developments in Europe now point to a renewed contraction.“This slowdown in global activity has led to a sizable reduction in commodity prices,” which hits Canada’s resource sector, particularly oil exports, the bank said.“Global financial conditions have also deteriorated since April, with periods of considerable volatility,” it adds.Finally it issues a warning: “The bank’s base-case projection assumes that the European crisis will continue to be contained, although this assumption is subject to downside risks.”The bank does not say what will happen if Europe’s debt crisis leads to a financial system collapse, as happened in the fall of 2008, but the IMF on Monday pronounced such an outcome as catastrophic and capable of sending the global economy back into recession.The Bank of Canada will spell out more fully its view of the global and Canadian outlook on Wednesday, when it releases the quarterly monetary policy review. 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Basketball comes full circle as Raptors prepare to host NBA FinalsBasketball comes full circle as Raptors prepare to host NBA Finals

The first NBA game was in Toronto.And now, the NBA Finals are headed there.Finally.The NBA Finals are set after the Toronto Raptors won the Eastern Conference championship on Saturday night and earned the right to play the Western Conference champion Golden State Warriors. For the Raptors, it’ll be the first time on this stage; for the Warriors, it’ll be an 11th trip to the finals and fifth in a row, as they look for a fourth crown in the last five seasons.Game 1 is Thursday night in Toronto, which will become the first city outside the U.S. to play host to a finals game – a milestone that comes just about 73 years after Toronto was the site of the first game in NBA history.The Raptors weren’t around then: Toronto’s first NBA team was called the Huskies, a club that went 22-38 in its only season. The Raptors have been around since 1995, and in their 24th season they’re finally going to play for a ring.“They’re the champions,” Raptors star Kawhi Leonard said of the Warriors. “We’ve got to go in, have the mental focus, enjoy the moment and take the challenge.”While it is the first finals trip for the Raptors franchise, many players on the team have been there. Leonard and Danny Green got there with San Antonio in 2013 and 2014, with Leonard winning MVP of the series against Miami five years ago. Serge Ibaka was with Oklahoma City for its appearance in 2012 and Raptors reserve Patrick McCaw was part of the Warriors for their title runs in each of the past two seasons.“We’re not satisfied,” Raptors President Masai Ujiri said. “We want to win the championship.”Related stories:Toronto reacts to Raptors clinching NBA finals berthToronto Raptors advance to NBA finals, first Canadian team in historyVideo: Fans sing ‘O Canada’ after Raptors victory For the Warriors, this has almost become an annual rite.Stephen Curry, Klay Thompson, Draymond Green, Andre Iguodala and Shaun Livingston have been part of each of these five runs to the finals by Golden State. Kevin Durant is going to his third in a row and fourth overall; if he wins Finals MVP – that would seem unlikely at this point, because he isn’t expected to play in Game 1 and it’s unknown if he’ll actually appear in the series at all because of a calf injury – he would join Michael Jordan and Shaquille O’Neal as the only players to win that trophy in three consecutive seasons.By the time Game 1 rolls around, the Warriors will have been off for 10 days. They scrimmaged Saturday to break up the monotony.“I think we try and be smart with it,” Iguodala said. “We got a few guys just trying to get back from injury and it’s given us some time to get that rest and take advantage of it.”Warriors coach Steve Kerr has a chance at his ninth championship. He won five as a player, has three already as a coach and is going to the finals for the 10th time in his last 13 seasons in either of those roles.“It’s not like we’ve come to expect it, but we’re veterans of this experience and this run and our guys know how to finish games,” Kerr said. “They know how to win playoff series, and so there’s a sense of confidence going into every round. There’s still a sense of joy and accomplishment getting to the finals. It’s so hard to do.”For Leonard, it’ll be the first trip to the finals since he was MVP of the series in 2014.And it only continues to prove that his first year in Toronto was a success.Traded to the Raptors last summer by San Antonio – DeMar DeRozan was the big piece the Spurs got – Leonard, his health and whether he’d fit in in Toronto was one of the major storylines entering this season.Asked and answered. Leonard has averaged 31.2 points and 8.8 rebounds in the playoffs, had a 27-point, 17-rebound, seven-assist effort in the win over Milwaukee that clinched the East on Saturday, and had perhaps the biggest moment of this post-season when his buzzer-beater hit the rim four times before dropping to beat Philadelphia in Game 7 of the second round.“He’s been great,” Kerr said. “Not surprising, though. He’s got his finals MVP a few years ago. One of the best players in the league, so he’s been great.”Game 2 is in Toronto on June 2, followed by Games 3 and 4 at Oracle Arena on June 5 and June 7.Either Game 4 or Game 6 – on June 13, if it goes that far – will be the final time the Warriors call that building home. They’re leaving Oakland after this season for the brand-new Chase Center in San Francisco.The Raptors swept the season series, though there are plenty of reasons not to make too big a deal out of that. For starters, the teams haven’t played since Dec. 12. And neither team was at full strength in either of those games – Durant scored 51 in a 131-128 loss at Toronto in a game in which the Warriors didn’t have Curry, Cousins or Green; the Raptors won by 20 at Oracle even without Leonard two weeks later.Regardless, it can now be said: Toronto and the Bay lay claim to the NBA’s two best teams this season.All that’s left to decide now is who’ll be hosting the championship parade and hoisting the Larry O’Brien Trophy. read more

Governments bold infrastructure plan sets Canada on right direction says MACGovernments bold infrastructure plan sets Canada on right direction says MAC

first_imgThe Mining Association of Canada (MAC) applauds the federal government’s nation-building infrastructure plan, including the creation of a new Canada Infrastructure Bank, announced in the Fall Economic Statement.“The Government of Canada’s visionary infrastructure plan is going to set Canada on a path of long-term, sustainable growth. The government’s bold actions on infrastructure will help get Canadian goods to market, address the unique challenges in remote and northern communities, and support the transition to a lower carbon economy,” stated Pierre Gratton, President and CEO, MAC. “Such strategic leadership by Prime Minister Trudeau and his government should be commended.”With this plan, government has communicated an unprecedented vision for how infrastructure will transform remote and northern Canada—regions that are critically important to, and reliant on, Canada’s mining sector.“We believe the government’s commitment to northern infrastructure investment, including establishing the new arm’s length Canada Infrastructure Bank, is both bold and essential for Canada’s long-term economic growth, and certain to help attract new private sector investment,” said Gratton.The mining industry is ideally situated to generate significant and meaningful employment, spin-off business and other social and economic opportunities for Indigenous and remote and northern Canadians. In the territories, for example, the mining industry is the single largest private sector employer of Indigenous peoples, and the leading contributor to GDP.The acute lack of infrastructure in Canada’s remote and northern regions is inhibiting further sustainable mineral development due to the high costs of exploring, building and operating in these regions. MAC co-authored a recent study that found that it costs about 2 to 2.5 times more to build a gold or base metal mine in northern Canada off grid than in the south as a result of the lack of infrastructure. Northern communities are also themselves dependent on carbon-intensive diesel power and often lack basic infrastructure Canadians in southern Canada take for granted.The establishment of an infrastructure bank was a core recommendation in this study. It was also recommended by several Aboriginal and business organizations, and most recently the Advisory Council on Economic Growth. MAC has pointed to the Alaska Industrial Development and Export Authority as a successful model that Canada could examine.last_img read more

New Jarcon JV gets mining contract for Masama in BotswanaNew Jarcon JV gets mining contract for Masama in Botswana

first_imgAfter recently being awarded a mining licence for its 390 Mt Masama Coal Project in the Mmambula Coalfield in Botswana, owner Minergy Ltd has announced that the mining contract has been awarded to Jarcon, a joint venture between IPP, a South African company, and Giant Plant, a Botswana company. The Build-Own-Operate-Transfer contract for the washing plant has been awarded to Pentalin Processing. Contracts for the provision of site and bush clearing, civil works, power reticulation, water and waste management, road construction and weighbridges are also in various stages of appointment.The granting of the licence further reduced the risk for any potential investors. “Given that Minergy is set to undertake a primary listing on AIM, the announcement provided the vital key to ensuring project viability, substantially underpinning the investment case. Unfortunately, due to the regulatory delays, the listing has been rescheduled to the first half of 2019.”CEO Andre Bojé said that both Botswana and Minergy have a significant role to play in fulfilling the increased demand for coal, with 4 Mt of coal exported from South Africa to the African continent in 2016, which is forecast to rise to 38 Mt by 2030. The thermal coal price has also increased 33% over the past 18 months, making it one of the world’s top five highest-performing commodities.last_img read more

The Department of Finance wanted to get rid of the government jetThe Department of Finance wanted to get rid of the government jet

first_imgJUST THREE YEARS after purchasing a jet for £2.5 million, the government considered giving it up in May 1983.Each department mulled over the benefits of owning the aeroplane, comparing them to the cost of keeping what was seen by some as a luxury.A study of relative costing was carried out by the Transport and Defence departments and revealed that the plane cost £579,325 to run in 1982. That included £128,000 on fuel, £142 on maintenance, £170,000 on staff, £3,000 on insurance, £12,000 on crew subsistence, £27,000 on handling and £91 depreciation.The jet carried a total of 686 passengers on 204 flights to 23 destinations.Breaking the figures down, that works out at a cost of £4.89 per nautical mile and £1.46 per passenger per nautical mile.By comparison, if government ministers and officials had used scheduled airlines, there would have been a saving of £343,000.However, the departments noted that there were advantages such as flexibility and security on which “no monetary value can be placed”.“The service has proved to be extremely flexible where changes in departure times can be made to meet Ministers’ changing timetables,” said the Transport Department in its summary of the study for the government. When Ministers are delayed at meetings the aircraft remains available thus alleviating travel-associated anxiety and reducing fatigue. If critical negotiations are to be faced minimisation of fatigue is essentialThe department said the availability of the plane had already proved crucial during EMS, fishing and CAP negotiations in Europe.Among the advantages listed were the availability of radio telephonic communications, the ability to embark at Cork, Shannon and Casement airports, the experience it affords to military personnel and air services to Luxembourg, Strasbourg, Stockholm and Bonn were did not have direct flights from Dublin at the time.The Transport Department also stressed that all other EEC Member States – with the exception of Greece and Luxembourg – had similar transport methods.In an earlier memo, Department of the Taoiseach officials cited the reduced possibility of a hijacking incident as a reason for keeping Ministers off ordinary, scheduled services.The Taoiseach’s department indicated that it was “strongly” in favour of retaining the government jet for the above reasons. It said that while it was aware that its disposal could be justified on cost grounds, it believed it should be retained given “the nature of modern day diplomacy and international commitments”. Security and flexibility priorities outweigh cost grounds, it added.However, the Finance Department did not agree, stating that the Transport Department’s “advantages” were open to question.It said the “extraordinarily high cost” and “very low level of utilisation” were of ‘great concern’ to officials.“In present financial circumstances, there are no compelling reasons why Ministers should not avail of scheduled airline services,” it said. “To the extent that this might fall somewhat short of reasonable needs, the gap could be closed by the occasional employment of air-charter services.”The department wanted the government to look into the possibility of replacing the jet with an air-charter service, which it believed would offer savings and a more efficient arranging allowing for flexibility.It also argued that disposing of the jet would have a positive effect on public morale.At a time when budgetary imperatives require the greatest economy in the use of public funds and when the Government is under continuous pressure to significantly reduce the level of State expenditure on Ministerial transport generally, the replacement of the jet, which is generally regarded as a very expensive and luxurious facility, could have an important impact on public morale.To counter the counter-argument, the Transport Department said the jet was not regarded as either very expensive or luxurious.The Minister for Transport Jim Mitchell said he would “incline to the view that it is accepted as a normal requisite for the conduct of international business of the State”.He considered that view supported by the “absence of criticism of the jet in the current and recent media hunts for cases of extravagant spending by the State”.In the end, however, he said he would not object to a study into the air-charter service idea and a further consultation on how to achieve a greater return from the investment in the jet – such as more coordinated use of the craft and the extension of availability to groups of civil servants.Today, the government owns two jets and there are no plans to dispose of either.For further study, see the National Archives Ref 2013/100/328See’s coverage of the 1983 State Papers>last_img read more

Lookee TV to launch subscription free Internet TV radio player at CESLookee TV to launch subscription free Internet TV radio player at CES

first_imgLookee TV will be showcasing their wares at the upcoming CES show in Las Vegas, and as you can guess from the title they specialize in telecommunication services. More specifically their product is a Wi-Fi connected Internet TV and radio player. With a 4.3″ screen you have a pocket friendly device that could rival the likes of Archos, especially as it allows you to enjoy over 1,000 TV channels and over 30,000 radio stations and podcasts throughout the world (subscription free, no monthly bills or PC required).Whilst the market is already flooded with Internet radios Lookee TV have added IP-TV functions, so you can play any of those TV channels and radio stations collected and directed from their servers. In practical terms this is ideal if you want to listen to the latest in World Music, check your hometown sports TV station to get updates on your team, or get local news while you are away from home.AdChoices广告Of course you need to connect the Lookee TV up to a Wi-Fi router of some sorts, but as well as an Internet TV and radio player it also doubles up as a media player for your local media files. Furthermore, you can stream video, music and pictures from your home or office PC by universal plug & play protocols (or UPnP). All models come with a TV-out function, plus Lookee TV are partnering with other online video, music or photo sources so they can increase the number of add-ons going forward. Lookee TV will be ready to ship in January 2011 with an MSRP of $149.99.Features in brief:Stream over 1,000 TV channels and over 30,000 radio stations and podcasts throughout the world via Wi-Fi connection. TV-out function supports resolutions at 720 x 480 pixels. Stream videos, music and pictures from your home or office PC by UPnP function. Media player reads and plays videos, music and picture files from built-in memory and SD/MMC cards. Digital picture frame slide show with background music option. Supports video formats: AVI, FLV, MKV, WMV; Audio formats: MP3, AC3, FLAC, WAV, WMA; Photo Formats: JPEG, PNG, GIF Built-in speaker and earphone jack for your shared or private listening. Enjoy music from built-in speakers and stereo earphones. FM radio and dual alarm clock included. Wake up to Internet radio, FM radio, music or a buzzer. Remote control, AV cable, FM antenna and AC adapter included.Specifications: Comes with 4.3″ TFT high resolution 480 x 272 pixels, 16:9 LCD. Supports WiFi IEEE 802.11b/g; WLAN Security: WEP, WPA, WPA2; Auto and Manual Search. Built-in Speaker and Stereo Earphone Jack AV Out: CVBS and YpBpr Power: 1600mAH rechargeable Li-Polymer battery for 4-6 hours TV or Video playing time. Unit dimensions (W x H x D): 140 x 85 x 16mm Read more at Lookee TVlast_img read more

Japanese architects present a new theory after studying an ancient theatre revealedJapanese architects present a new theory after studying an ancient theatre revealed

first_imgWe knew, of course, of the ‘Thespis Carriage’, that carried the first ever actors throughout rural areas of Greece, but now it turns out that even the permanent theatre structures which followed had wheels. This is the conclusion made by researchers from the History of Western Architecture Laboratory of Kumamoto University, after a thorough study of the large storage room and three stone rows found during an excavation of an ancient theatre revealed at Messene in 2007. The discovery bears similarities to structures seen at the Megalopolis and Sparta theatres, and the experts say it lines up with ancient literary accounts of rotating stage devices used in Greece and Rome. The Japanese researchers believe that there was once a wooden stage at the theatre, which may have been equipped with one and two-storey stage backgrounds that could be moved in and out of place on wooden wheels, while the rows would have been used as tracks for large wheeled structures known as a ‘proskenion’ and a ‘skene’.The ‘proskenion’ was a one-storey structure that was placed on the stage and served as a background, while the ‘skene’, would have been a two-storey structure placed behind the proskenion, acting as a dressing room and another stage background. In the past, some have suggested that these structures moved as one along three stone rows. According to the new investigation, these structures were likely moved as separate pieces, with each having its own two tracks to roll on. Facebook Twitter: @NeosKosmos Instagramlast_img read more

Watch Atletico Madrids Lucas runs 34kmhWatch Atletico Madrids Lucas runs 34kmh

first_imgAtletico Madrid defender Lucas Hernandez ran an incredible 34km/h during their victory against Deportivo de la Coruna on SundayThe French international stole the ball from Borja Valle with an impressive run from the center of the field, where he was measured against the winger and ended up snatching the ball.What a tackle by Lucas Hernandez! Reached a top speed of 34kmh! ? #AtletiDépor— Rambo (@WelshRamsey) April 1, 2018Fati and Suarez shine against Valencia at Camp Nou Tomás Pavel Ibarra Meda – September 15, 2019 With a mesmerizing first half from Ansu Fati and a brace from Luis Suarez in the second half, Barcelona demolished Valencia at Camp Nou.Valencia…Atletico would win the match 1-0 through a Kevin Gameiro penalty in the 34th minute of the encounter with Diego Simeone’s men decreasing the gap between themselves and La Liga leaders Barcelona to nine points, after the Catalan giants drew 2-2 at Sevilla.The supporters at the Wanda Metropolitano will be hoping for more of the same from Lucas on Thursday night, where Atletico will host Portuguese side Sporting Lisbon for the first leg of the quarter-final clash in the Europa League. Simeone’s side are the expected favorites to win the competitions this season.last_img read more