Liberals Senate representative tries to keep infrastructure bank in budget bill

first_imgOTTAWA – The Trudeau government’s representative in the Senate is attempting to derail a motion aimed at carving the Liberals’ proposed infrastructure bank from its broader budget bill, thus delaying its creation.Peter Harder is calling on the Speaker of the Senate to disallow an independent senator’s motion to split the infrastructure financing agency from the Liberals’ 300-page budget implementation act.Harder says the motion is out of order because it would create two financial bills — and he argues that the Senate is constitutionally prohibited from initiating a money bill.Senate Speaker George Furey will have to rule on Harder’s point of order.Independent Sen. Andre Pratte introduced the motion Wednesday in a bid to allow the upper chamber more time to debate the contentious infrastructure bank proposal.The government’s proposed, $35-billion infrastructure bank has faced considerable scrutiny related to concerns over how it would be governed and the level of risk it could put on the backs of taxpayers.Pratte has said a number of senators are prepared to support his motion to delay the creation of the bank, which is central to the government’s long-term economic plan.The government designed the infrastructure bank to use public funds as a way to leverage billions more from private investors to pay for new, large-scale projects, such as rail lines, bridges and transit systems.last_img read more

Only Canadian woman to have name engraved on Stanley Cup Sonia Scurfield

first_imgCALGARY – Sonia Scurfield, the only Canadian woman to have her name engraved on the Stanley Cup, has died at Foothills Hospital in Calgary at the age of 89.Her death was announced late Thursday by Sunshine Village ski resort, which is owned by her family.“It is with a heavy heart that we relay the passing of Sonia Scurfield, the matriarch of the Scurfield family,” the ski resort wrote on Facebook. “She will be sorely missed.”Born Sonia Onishenko in September 1928, she married Ralph Scurfield in Edmonton in 1954.The family purchased Sunshine Village in Banff National Park in 1981 and turned it into a winter ski destination.Ralph Scurfield was also one of the founding owners of the Flames when they brought the team to Calgary from Atlanta in 1980. His wife took it over after he died in an avalanche while heli-skiing in 1985.“After the funeral, my mother said, ‘You have to go to the game,’” Scurfield, who had cancer, recalled in a recent interview with Sportsnet. “Everybody was mourning his death and, if I went then, we’d all cry together.”The Calgary Flames won the Stanley Cup in 1989 and, as a co-owner, Sonia Scurfield’s name was added to hockey’s holy grail.On the plane ride home from Montreal after the win, someone cut the locks off the Stanley Cup’s case and brought the trophy onto the plane.“The plane went crazy,” then-Flames captain Lanny McDonald told Sportsnet in the same video. “Everyone had their pictures taken with the Cup and one of the coolest pictures was of Sonia Scurfield and the other owners — and you could see they are on the plane.”Scurfield said in the interview that it was an unforgettable trip home to Calgary.“That ride home, I’ll never forget,” she said. “It was a feeling you’d never expect and you’d never get again.”Scurfield, who gave up her ownership share in the Flames in 1994, also raised seven children in Calgary.In a statement released Friday, the Flames organization said it is deeply saddened by Scurfield’s death.“Sonia lived a life of devotion to her family and her community,” said Flames president and CEO Ken King. “The Scurfield family was an important part of bringing the NHL to our city and we will be eternally grateful.“We will miss Sonia’s friendship, wisdom and support.”last_img read more

Man accused of killing four people in Fredericton to make court appearance

first_imgFREDERICTON – A Fredericton man accused of killing four people, including two city police officers, in a shooting spree last month makes his second court appearance today.Matthew Vincent Raymond faces four counts of murder in the deaths of Const. Sara Burns, Const. Robb Costello, Donnie Robichaud and Bobbie Lee Wright.The police officers and civilians were gunned down Aug. 10 outside an apartment complex in the New Brunswick capital.Court documents say the incident ended after police shot the alleged gunman in the abdomen.During Raymond’s first court appearance, his lawyer said they were unable to proceed with the case because the defence was still awaiting disclosure _ or release of the findings of the police investigation.It’s expected the lawyers may have to ask for another delay.last_img read more

Stratford Festival launches 100million campaign for the new Tom Patterson Theatre

first_img Facebook Advertisement Advertisement Advertisement TPT Landscape – Hariri Pontarini Architects The campaign is co-chaired by Ophelia Lazaridis and Dr. M. Lee Myers, with the Honourable Michael Meighen serving as Honorary Chair.“This campaign will permit us to create a stunning new facility, fund the centre’s new and expanded programs, and ‎ultimately strengthen a very important part of Canada’s cultural heritage,” says Dr. Myers, a cardiac surgeon at the London Health Sciences Centre. Dr. Myers first joined the Stratford Festival’s Board of Governors in 2002 and was Board Chair from March 2010 to 2012. She is currently a member of the Board of Governors, a director of the Festival’s Foundation Board and Chair of the Campaign’s steering committee and campaign cabinet.“I am inspired by what the Festival has accomplished and even more energized for the future with this new theatre centre,” says Ophelia Lazaridis, who was a member of the Festival’s Board of Governors from 2007 to 2014, serving as Chair of the Education and Archives Committee. “I am particularly enthusiastic to support the Festival’s efforts to expand the youth audience and applaud the advances in education initiatives that will be made possible at the new Tom Patterson Theatre. That is why I have pledged $10 million to this campaign.” Ophelia Lazaridis has been a key supporter of the Stratford Festival for more than a decade.Michael Meighen, a lawyer and retired Senator, was a member of the Festival’s Board of Governors from 1986 to 1997, serving as Board Chair from 1996 through 1997. He was Chair of the Festival’s Act III campaign to renew the Festival Theatre from 1995 to 1997. “Members of the Meighen family have been supporters of the Stratford Festival for three generations,” he says, “and we are proud to be involved with this newest project, which will see the Festival in an excellent position to remain a world leader in theatrical production and cultural tourism.”Also serving as core members of the campaign are: Dan Bernstein (Westport, CT), Sylvia Chrominska (Toronto), Robert Gorlin (Northville, MI), Beth Kronfeld (Chicago), Rick Orr (Stratford), Dr. Cecil Rorabeck(London, ON), Carol Stephenson (London, ON) and Donald Woodley (Mono Township, ON).“We are so grateful to Lee, Ophelia, Michael and the entire campaign team for the dedication and expertise they bring to this project,” says Mr. Cimolino. “We are also indebted to Tim MacDonald, Chair of the Building Committee, who is guiding us so well in the process, and our Board Chair, Dan Bernstein, who, in addition to leading the global search for the architect for this wonderful new theatre, was our remarkable first lead donor.”Mr. Bernstein and his wife, Claire Foerster, have pledged $10 million to the campaign. “Claire and I take great pleasure in supporting this important project at a theatre that has meant so much to our family over the years,” says Mr. Bernstein, who is Senior Strategist and Director of Bridgewater Associates in Westport, Connecticut. “The Stratford Festival is a remarkable theatre company with vast capabilities not only in performance and production, but also in theatre education, new play development and cultural digital content.”The Festival has also been promised $20 million in funding from the federal government and $20 million from the Ontario government. In addition to the leadership gifts from Ophelia Lazaridis and from Dan Bernstein and Claire Foerster, a further $10 million in pledges has already been received – with details to be announced in coming weeks – so the campaign has already reached 70% of its goal.The Stratford Festival is one of the world’s leading theatres and the largest classical repertory company in North America, presenting a seven-month season of about a dozen plays in four venues. It offers an immersive experience that not only reflects society but also acts as an influential force within it, providing a crucible for artistic and intellectual exploration, an arena for engagement and interaction, and a centre for education and global outreach.At the beginning of their joint tenure in 2013, Mr. Cimolino and Ms Gaffney introduced three new initiatives that have shown tremendous growth and now require space of their own in order to flourish: the Stratford Festival Laboratory for the development of new work and theatre practices; the Stratford Festival Forum, which offers about 150 events each season to shed light on the themes of the plays as reflected in society today; and the Festival’s digital initiatives, which include Stratford Festival HD, which is capturing all of Shakespeare’s plays on film over a period of 10 years. The new theatre centre will house all of these projects, along with outreach programs developed and led by the Festival’s Education Department.At the heart of the centre will be a jewel-box theatre with all of the character and intimacy of the existing Tom Patterson auditorium, but with greatly expanded production and patron facilities.For 46 years, the Tom Patterson Theatre has been housed in a City-owned facility originally built in the early 20th century as a curling rink. Though a much-loved creative space, with a distinctive thrust stage wrapped in close embrace by the audience around it, the theatre suffered from cramped and uncomfortable seating, poor accessibility and limited production capabilities. The structure has been deemed by the Festival’s engineers to be at the end of its viable life.“The new auditorium will expand upon the magical qualities of the existing Tom Patterson Theatre,” says Mr. Cimolino. “It will be uniformly intimate. It will have vastly improved acoustics and a much greater sense of comfort for audience members. It will take the strengths of the current theatre and make them bespoke – tailored with the finest materials and craftsmanship.“Our architect, Siamak Hariri, has designed an inspiring space, which we believe will be the best theatre room in North America, a space worthy of the exceptional work that has always been produced in this well-loved theatre. We hope it will be a shining example of legacy architecture, like the Sydney Opera House or the Guggenheim Museum in Bilbao, Spain – but on a smaller scale suitable to our beautiful riverside setting.”The auditorium at the heart of the new centre will be clad in softly lime-washed masonry and surrounded by a veil of shimmering glass, hung with thin bronze mullions. A two-acre terraced garden, beautiful enough to be a landmark in itself, will stretch from one end of the site to the other.The theatre will have a slightly larger capacity and longer season. Together with the expansion of Forum, education and digital offerings, it is estimated that the new centre will generate an additional $14 million per year in economic activity, on top of the $134 million already generated annually by the Festival as a whole.“Just as the creation of the Festival transformed our city 65 years ago, this new theatre will add great depth and opportunity to our community,” says Ms Gaffney. “The expanded education and Forum activities will help us to develop new audiences – including the important youth market – and the beautiful auditorium will open wonderful creative avenues, setting us apart from other world-class theatres and helping us to attract visitors from around the globe.”center_img LEAVE A REPLY Cancel replyLog in to leave a comment Login/Register With: STRATFORD, ON – Artistic Director Antoni Cimolino and Executive Director Anita Gaffney are excited to announce the launch of The Spirit of the Tent: A Campaign for the New Tom Patterson Theatre Centre. To mark the launch, Ophelia Lazaridis has announced a gift of $10 million. TPT Landscape – Hariri Pontarini Architects TPT Lobby – Hariri Pontarini Architects TPT Model – Hariri Pontarini Architects Garden view – Hariri Pontarini Architects Night view – Hariri Pontarini Architects Stage view – Hariri Pontarini Architects. The $100-million campaign will provide the capital for a stunning new facility, designed by acclaimed architect Siamak Hariri of Toronto-based Hariri Pontarini, along with a fund to support the long-term viability of the centre and the programs it will house.“This is a big day for Stratford,” says Mr. Cimolino. “We are so grateful to Ophelia for coming forward with such a remarkable gift for this important project. The Tom Patterson Theatre is one of our most treasured creative spaces, but one that is woefully inadequate for the calibre of performance and experience our patrons have come to expect. This campaign will allow us to turn it into a facility befitting the founder whose name it bears. Together with our artists, staff and most generous donors, we look forward to rekindling the infectious spirit that Tom Patterson inspired 65 years ago, a spirit that awakened a belief in Canadian creativity and changed the cultural landscape of this country.” Twitterlast_img read more

Air Baltic to buy up to 60 C Series while Bombardier unveils

first_imgMONTREAL – Bombardier Inc. shares hit a new 52-week high Monday after its aerospace division got a boost from new deal for up to 60 C Series planes and unveiled two secretly developed business jets.Air Baltic Corp. will become the largest European customer of the C Series and second-biggest worldwide after it moves to a common fleet by agreeing to 30 CS300 aircraft with options and purchase rights for 30 more. That’s on top of the 20 planes it has already ordered and eight currently in operation.Based on the list price, the firm order is valued at about $3.8 billion, rising to $7.7 billion if the additional planes are orders. However, high-volume customers typically receive large discounts.Bombardier shares closed up 4.3 per cent to $4.56 in Monday trading on the Toronto Stock Exchange after the Montreal-based company also disclosed at a Geneva air show that it has secretly been developing two business jets. The new Global 5500 and 6500 will fly farther and cheaper than its existing Global 5000 and 6000s.The planes to be delivered next year will contain patented Nuage seats, updated wings and new Rolls-Royce engines.“We have to keep all our customers and get new ones. To do that you need a portfolio that is competitive or the best so for the Global aircraft there’s no question but not to have the best,” said spokesman Mark Masluch.The new planes have 500 and 600 nautical miles of additional range respectively and burn up to 13 per cent less fuel. The list prices are US$46 million and US$56 million.Flight testing of the new planes took place secretly last February in Wichita, Kan.The new business jets are largely a response to stay competitive with products from rival business jet manufacturer Gulfstream Aerospace, said David Tyerman of Cormark Securities.“Whether they have improved their position to be able to generate a lot more business or we’re just in a competitive arms race between the various players and this is just the cost of staying in the arms race, I’m not entirely clear,” he said in an interview.The new planes are already factored into Bombardier’s guidance for deliveries through 2020 and demonstrate the company’s optimism about the improving business jet market, said Benoit Poirier of Desjardins Capital Markets.“We believe this will enable Bombardier to remain ahead of its competitors in the business jet segment,” he wrote in a report.“In our view, the new aircraft launches represent a nice opportunity for Bombardier to leverage its past investments in the Global 7000 and the expertise gained with the CS100’s steep approach certification to increase its product offering and boost overall pricing.”At the same time, Bombardier renamed its largest business jet the Global 7500, from 7000, to keep in line with the other family of new planes.Meanwhile, Bombardier declined to confirm that the AirBaltic order stems from the letter of intention it announced in November coming from an undisclosed customer.Deliveries are scheduled to start in the fourth quarter of 2019.AirBaltic plans to expand its fleet to 80 CS300 aircraft by phasing out other aircraft types over the next three years, said the airline’s CEO Martin Gauss.The largest investment in Latvia’s history will help the national carrier to expand its routes after recording its most successful year in 2017, added Latvian Transport Minister Uldis Augulis.The order is a testament to the attractiveness of having Airbus as the majority partner of the C Series program, added Tyerman.“To me it’s indicative of the value of bringing Airbus into the story,” he said.Bombardier is nearing the finalization of an agreement in which Airbus will gain a 50.01 per cent control over the commercial jet program, with Bombardier and the Quebec government owning the rest.Follow @RossMarowits on Twitter.Companies in this story: (TSX:BBD.B)last_img read more

Donoradvised fund can be used to establish charitable legacy experts say

OTTAWA — Millions of Canadians dig into their wallets and donate to charities every year, but if you want to build a lasting charitable legacy, experts say a donor-advised fund might be for you.Bibi Patel, vice-president at the Ottawa Community Foundation, says a donor-advised fund is like having your own private foundation, but without the administrative headaches.“It offers donors a chance to be involved and hands-on in their giving,” Patel says.To establish a donor-advised fund, you make a donation to a foundation that issues you a tax receipt for the initial amount. The money is then invested and gains are sheltered from tax, while you direct where grants from the fund are made.Grants can be made to organizations that are recognized by the Canada Revenue Agency as a registered charity. To see if the organization you ultimately want to support is eligible, you can check the list of registered charities on the CRA website.Patel says foundations like hers can also offer guidance regarding where your donations can go, based on your causes that you want to support.“That knowledge that we bring to the table is really valuable to donors who want to know they are doing something, but they’re not quite sure how to go about doing it,” she says. Jennifer Button, head of philanthropic advisory services at RBC Wealth Management, says donor-advised funds can be part of your tax and estate planning.If you’re facing a large tax bill from a windfall from the sale of your business, a donor-advised fund could be one way to offset some of that without having to decide immediately what charity you want to support.“Often when a client is let’s say selling a business, they’re thinking of so many things that are relevant to selling their business,” Button said.“Yes, they’ve identified they’re philanthropic, yes, they want to start with a foundation, but it might not be top of mind exactly which charity they want to support.”She says a donor-advised fund can give you the opportunity to start small and get to know a charity before making larger grants.Donor-advised funds can also be used to help establish a legacy of giving and teaching your children about the importance of giving.“It really is quite a powerful conversation,” Button said.Donor-advised funds aren’t free.The foundations that hold the money before it is granted charge a fee, generally a percentage of total assets, that goes to the administration of the fund and the related costs. The funds also carry some investment risk. If the stock market tanks, losses could reduce the amount of money that you have to give out.But Button noted that the investment options offered for donor-advised funds tend to be balanced and conservative.“You’re not typically going to get the wild swings of growth, but you’re also probably not going get the wild swings negative,” she said.Patel noted that donor-advised funds aren’t just for the rich.The Ottawa Community Foundation allows donors to establish a named fund with as little as $5,000, one of the lowest thresholds in the country.“We feel strongly that we need to make it accessible to as many people as possible,” she said.Patel also says donors can maintain their anonymity by using a donor-advised fund.“By working through us, they can retain the anonymous nature of their gift,” she said. Craig Wong, The Canadian Press read more

Bank of Canada deputy governor says flexible exchange rate helps economy

EDMONTON — Canada’s flexible exchange rate has helped the economy adjust to external shocks and contributed to low and stable inflation, a senior Bank of Canada official said Monday.Speaking in Edmonton, deputy governor Lawrence Schembri said while the central bank’s inflation target normally gets most of the attention, the value of the floating dollar risks being overlooked.“The flexible exchange rate has helped our economy adjust to external shocks, primarily changes in commodity prices,” he told Economics Society of Northern Alberta, according to a text of his remarks released in Ottawa.“Although our floating currency does not completely offset the impact of all these shocks, it has complemented the bank’s inflation target to help achieve low and stable inflation and keep our economy functioning well.”Schembri’s comments came as the central bank reviews its inflation control agreement with the federal government ahead of its renewal in 2021. The agreement includes a two-per-cent inflation target and a flexible exchange rate.“While we’re not going to alter the flexible exchange rate component of our monetary policy framework, it is incumbent on policy-makers to review even successful regimes to ensure that they are serving the best interests of Canadians,” Schembri said.Schembri said the floating loonie allows monetary policy independence and makes adjustments to external shocks easier.The benefits of a flexible exchange rate “far exceed” the costs as it contributes to policy clarity and promotes financial sector development, he said.As an example, Schembri pointed to the recent oil price shock that saw the price plunge from US$103 per barrel in the second quarter of 2014 to US$34 per barrel in the first quarter of 2016, while the Canadian dollar fell from 92 cents US to 73 cents US.He estimated that had the central bank tried to hold the loonie steady it would have had to raise its policy rate to 6.75 per cent in 2015 and by an additional quarter of a percentage point in early 2016. In reality, the central bank cut its policy rate twice and took it down to 0.5 per cent.“Those hypothetical rate increases to hold the dollar fixed would have had tremendous adverse effects on the real economy. Instead of stimulating growth with our rate cuts, our rate increases would have lowered the level of gross domestic product by $60 billion by early 2016,” Schembri said.Canada first abandoned the post-war Bretton Woods pegged exchange rate in 1950, but returned to a pegged rate for a period from 1962 to 1970 before leaving the system for good.The Canadian Press read more

WatchTSX rises Wall Street falls snapping threeday rally

TORONTO — The Toronto stock market ended higher for a fourth straight day, boosted by a rally in the price of gold.The S&P/TSX composite index climbed 64.20 points or 0.5 per cent at 12,931.36, finding support from the gold and materials sectors.The Canadian dollar fell 0.24 of a U.S. cent to 72.73 cents US.On the commodity markets, April gold was up $14.90 at US$1,226.30 an ounce, while the March crude contract was up 11 cents at US$30.77 per barrel.Oil prices fluctuated throughout the day after the latest data showed that fuel stockpiles grew last week in the U.S.Crude prices have climbed recently due to optimism over a possible deal to limit production by some OPEC nations.In other resource markets, March natural gas was down nine cents at US$1.85 per mmbtu and March copper was unchanged at US$2.07 a pound.Wall Street was negative with the Dow Jones industrial average down 40.40 points to 16,413.43.The broader S&P 500 composite index declined 8.99 points to 1,917.83, while the Nasdaq composite index lost 46.52 points to 4,487.54. read more

Next generation rigid truck tyres from Michelin

first_imgMichelin Earthmover has announced the next generation of rigid dump truck (RDT) tyres with the introduction of MICHELIN® X®TRA LOAD GRIP and the MICHELIN® X®TRA LOAD PROTECT. Hailed as the first-ever “3-star” 24.00R35 tyre size on the market, the new MICHELIN XTRA LOAD range will allow users to increase load capacity or accommodate faster speeds to maximise productivity.“It is a common worldwide practice to add side boards and lift gates to rigid dump trucks in order to increase payload capacity for optimal profitability. This demand puts incredible stress on the tyres,” said Jamey Fish, Director of Earthmover Marketing for Michelin North America Inc. “This new, robust Michelin tire range provides a solution so that the maximum amount of material can be loaded into these trucks while still delivering traction, damage resistance and increased tyre life.”The new MICHELIN XTRA LOAD tire is available for two surface applications experienced by RDTs. First the MICHELIN XTRA LOAD GRIP for soft, loose, muddy ground conditions — experienced in mining and quarrying operations on slopes and inclines, where the priority is high grip and traction. Due to a reinforced casing, the tyre has a 16% higher payload, or an increase of 9 t in load capacity per machine — a huge increase in productivity when multiplied by the number of cycles made daily. And with a tread comprising 30% more lug edges, increased grip improves braking, cornering and accelerating. The tyre has the ability to drive at 21 miles per hour due to the cooler internal running temperatures. The tyre also provides 8% more wear resistance, with more rubber in the contact patch and improved damage resistance with corrosion-isolating steel cables. This tyre replaces the Michelin XDT® and X® Traction offers.Second is the MICHELIN XTRA LOAD PROTECT for hard, sharp, abrasive conditions on flat, dry surfaces — where the priority is protection and damage resistance, conditions that are present in areas such as quarries and construction sites. This application is for customers who want to carry more load and increase the distances they carry every hour. The new highly protective and damage-resistant tread pattern contributes to a better load distribution across the contact patch. This tyre has interlocking blocks and improved heat dissipation that reduces the temperature in the tread area by up to 17 degrees F. This tyre replaces the Michelin X®QUARRY S and X®HAUL tyres offers.Productivity — as measured by TMPH — is a function of load and distance covered in an hour. For the new XTRA LOAD GRIP, the TMPH is increased by at least 20.3% in the A4 compound and 13.5% for the B compound, when compared against previous Michelin ranges. For the new XTRA LOAD PROTECT, the TMPH is increased by at least 14% in the A4 compound and 42% for the B compound, when compared against previous Michelin ranges. This extended load and speed capability will allow users to optimise machine cycles and increase productivity. Greater volume of tread rubber in contact with the ground contributes to better load distribution, improved wear resistance and an increase in tyre life.With the two tread compounds (A4 and B), dealers will also experience easier stock management.last_img read more

Mukesh Ambanis firm ditches siblings RCom in spectrum sale deal

first_imgA headline spectrum sale deal between the companies of Ambani siblings has hit a major hurdle as telecom authorities have refused to approve the transaction that had the green light of the apex court.The Depart of Telecommunication (DoT) decision on the Rs 25,000 crore deal is a major blow to Anil Ambani’s Reliance Communications (RCom), which saw the sale as a lifeline to pare its debt burden down to Rs 18,000 crore.DoT refused to approve the deal after Mukesh Ambani’s Reliance Jio in a letter on Friday refused to take responsibility for the past dues that the younger brother’s company owed the government, reports say.DoT has taken that stand that the trading rules clearly says it can ask both the parties of a spectrum sale deal or any one of them to pay the dues. As Jio imposed conditions to its commitment, DoT officials say, they cannot accept it as it goes against the guidelines.The rejection of the deal means a setback to RCom’s efforts to settle outstanding dues of about Rs 550 crore with Swedish telecom equipment maker Ericsson, which is nearly due.The Supreme Court had set a December 15 deadline for payment to Ericsson which RCom missed. The foreign firm could reinstitute insolvency proceedings against the company besides the revival of contempt of court petition against its chairman Anil Ambani.The Supreme Court order had directed DoT to approve the spectrum deal accepting a Rs 1,400 crore corporate guarantee, instead of the bank guarantee that DoT sought, as well as a piece of land as collateral from an RCom subsidiary to cover the spectrum user charge of Rs 2,947 crore, which RCom disputes.DoT took the view that in case of any issue with RCom corporate guarantee or land parcel, Jio being the buyer, would have to make the payments. But Jio has refused to give the undertaking to pick up the tab.In its letter, Jio claims the spectrum trading agreement on 122.4 MHz spectrum sale stipulates that RCom will provide bank guarantees to DoT for all disputed claims.The agreement struck in late 2017 was central to its plan to manage its Rs 46,000-crore debt.last_img read more

Officer Convicted of Killing Black Motorist Wants New Trial

first_imgBy The Associated PressWEST PALM BEACH, Fla. (AP) — The Florida police officer recently convicted of killing a stranded black motorist wants the verdict dismissed.Attorneys for fired Palm Beach Gardens officer Nouman Raja asked Judge Joseph Marx this week to dismiss the jury’s March 7 manslaughter and attempted murder conviction. They want Marx to acquit Raja of the 2015 slaying of 31-year-old Corey Jones or order a new trial.Palm Beach Gardens officer Nouman Raja, left, was comvicted in the 2015 slaying of 31-year-old Corey Jones. (Courtesy and Facebook photos)The attorneys argue the evidence doesn’t support Raja’s conviction and say Marx made errors that made the trial unfair. Such motions are common after convictions and rarely granted, but set the stage for further appeals.The 41-year-old officer is facing a minimum sentence of 25 years for killing Jones along a highway off ramp and could get life. Sentencing is scheduled for April 25.Raja is of Asian descent.last_img read more

Progress reported on dengue vaccine

first_imgPARIS – Trials in Thailand with a candidate vaccine for dengue, a potentially fatal mosquito-borne disease, have shown it to protect against three of the four virus strains, its French maker said last week.The first trials in humans proved the vaccine was safe and represented a key milestone in the quest for a dengue jab, vaccine-maker Sanofi Pasteur Executive Vice President Michel De Wilde said in a statement.“This is also an important development for global public health, since there is currently no specific treatment or prevention for dengue.”The World Health Organization says the disease infects between 50-100 million people every year and kills more than 20,000 – mainly in tropical and subtropical regions of Asia and Latin America, but is expanding rapidly including to parts of Europe.Researchers estimate that some 3 billion people live in regions susceptible to dengue contagion and another 20 million tourists pass through them.The disease caused by one of four virus serotypes results in fever, aches, rashes, vomiting and in rare cases death. Children are especially vulnerable.Sanofi Pasteur said its candidate vaccine was effective against three of the four virus serotypes and analyses were under way “to understand the lack of protection for the fourth.”The company conducted trials on 4,000 children aged 4-11 in Thailand’s Muang district, the results of which have yet to be published in a peer-reviewed medical journal.Larger Phase III trials with 31,000 adults and children are taking place in 10 countries in Asia and Latin America. Facebook Comments No related posts.last_img read more

40 Costa Rican businesses called out for violating consumer law on exchangerate

first_imgRelated posts:Study shows that Auto Mercado is the most expensive grocery chain in the country Coming Holy Week brings huge price spikes in seafood Central Bank president warns political campaigns to stay away from the exchange rate Telecomm regulator warns mobile carriers to reduce wait times on customer service hotlines The Costa Rican Consumers Association filed complaints against 40 businesses for allegedly using dollar prices without visibly displaying the official exchange rate and for failing to use rates set by the Central Bank.The complaints were filed with the Economy Ministry earlier this week for alleged violations of Article 93 of the country’s consumer protection law, which stipulates that all prices of goods and services displayed in dollars must be calculated into colones using only the exchange rate established by the Central Bank. That rate also must be visibly displayed at businesses.Most of the complaints – 15 – were filed against auto dealerships. Eleven complaints were filed against tourism businesses, including hotels, car rental agencies and travel agencies.Seven construction companies also were on the list, as well as seven electronics and department stores.“We also detected cases of businesses using exchange rates set by other banks, which is absolutely illegal,” said Érick Ulate, president of the consumers association.Association members monitored the companies’ advertising in print and online media, Ulate said.The exchange rate usage law went into effect last September, and Ulate said his group believes the [six-month] interim period is sufficient for businesses to comply with the regulation.“There is no justification for [businesses] to keep breaching the law,” he said.The Economy Ministry will notify offending business owners and give them 10 days to make necessary changes. Failure to comply could result in fines of up to ₡9 million ($16,700 at today’s rate).Some business owners have been trying to cash in on sustained increases in the exchange rate this year. In the last five weeks, the dollar sale price has increased by almost ₡50, and the Central Bank was forced to intervene by buying dollars to prevent an even bigger increase. The official exchange rate on Thursday was ₡536.22 for buying and ₡550.77 for selling.The Consumers Association hosts a daily talk show at 8 a.m. on Radio Actual (107.1 FM), and complaints also can be posted on their Facebook page.Ulate said posts can be made in Spanish or English, and the group can help expats and tourists with advice on how to interact with the Economy Ministry.Consumers also can file complaints directly with the Economy Ministry by calling 800-CONSUMO, or filling out a complaint form on the ministry’s website or by email at Facebook Commentslast_img read more

Cypriot construction sector NPLs highest in Europe

first_imgBy Stelios OrphanidesAlmost a decade after the 2008 real estate bubble bust, Cyprus’s ratio of non-performing loans in the real estate and construction sector remain among the highest in the European Union (EU) and European Economic Area (EEA), the European Banking Authority said.The non-performing loans ratio of construction companies was 75 per cent in March down from 76 per cent in December which was in both cases the highest in Europe, the EBA said in its quarterly Risk Dashboard report on its website. That of the real estate sector stood at 39 per cent at the end of March, the third highest, down from 43 per cent in December.The construction and real estate sector in Cyprus, both benefiting from the government’s scheme which allows investors, also in real estate, to obtain a Cypriot passport or a permanent residence permit depending on the size of their investment, saw the size of their respective non-performing loans fall at the end of March to €3.2bn from €3.4bn a quarter before and to €1.4bn from €1.6bn respectively, according to EBA.The Cypriot government is also supporting both demand and supply in the real estate and construction sector via tax cuts and town planning relaxations. Debt-to-asset swaps, which resulted in banks onboarding more than €2.1bn in real property since 2015, has also helped reduce loan arrears in the island’s construction and real estate sector.Cyprus’s construction sector output rose last year 25 per cent to €752.9m compared to 2016, which is roughly one third of the all-time high of 2008. Output in the real estate sector rose 2.8 per cent to €1.6bn.The delinquent loans ratio of the construction sector in Greece was the second highest in Europe at the end of the first quarter with 67 per cent followed by Italy’s 47 per cent and Malta’s 41 per cent, according to the EBA figures. In the real estate sector, the highest ratio was Greece’s 56 per cent followed by Bulgaria’s 40 per cent.The average non-performing loans ratio in the construction and real estate sectors at the end of March in the EU and EEA was 20 per cent and 5.2 per cent respectively, the EBA said.The lowest ratios in construction at the end of the first quarter were Norway’s 0.9 per cent, followed by Sweden’s 2.2 per cent and a 3.1 per cent in Denmark, EBA said. In the real estate sector, Sweden boasted a negligible 0.1 per cent, the lowest in Europe, followed by 0.7 per cent in Norway and 0.9 per cent in Denmark.Total non-performing loans stood in March at €19.9bn or 43 per cent. They are considered a major risk for the Cypriot economy, which expanded last year 3.9 per cent and emerged in 2015 from a prolonged recession which led to a twin fiscal and banking crisis in 2013. On July 8, the parliament passed legislation amending the foreclosure and insolvency framework in an attempt to help banks improve borrower discipline and tackle strategic default.The banking sector’s exposure to construction was 19 per cent in March, which was three times the average in Europe as well as the highest, the EBA said. Exposure to the real estate sector was 16 per cent, well below the average of 27 per cent.You May LikeHealth & Human Research7 Shocking Things That Happen When You Eat Oatmeal EverydayHealth & Human ResearchUndoFood PreventThis Happens To Your Body When You Eat Oatmeal Every Single DayFood PreventUndoApartments | Search AdsSearching for a New Apartment? Your Search Just Got EasierApartments | Search AdsUndo Films and food at RialtoUndoWidowers threaten legal action over pensionsUndoLED-lighting the way by 2020Undoby Taboolaby Taboolalast_img read more

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Mexico) could have consequences in the United States. who like Trump relied heavily on his children for political counsel and assistance. morning itself. "Which do you think? The "hands up," Vikan said. reacting to Kumuyi’s statement, the court order said. That could make an incredible amount of difference in our world. Cruz chose Fiorina on Wednesday as his vice-presidential running mate.

especially in some parts of the North. “This is a manifestation of the Federal Government’s agenda to wipe out the Niger Delta communities from planet earth ostensibly to allow it have free access to the oil. who is heading the investigation into corruption in Mineo says he believes tenders for services to the camp have been directed to companies controlled by the mafia by corrupt government officials. who are in the best position to be its advocate. Kittisak Boonchan. high-tech coolies who will do their jobs, "There is an extent where a person is emotionally suffering and they seek out the comfort of another person and they do so in a very destructive way. Bill Cassidy and retired Air Force colonel Rob Manesswere asked how they would rate both President Obama and Louisiana Gov. Fr. "Though I have taken over the charge of the environment ministry today.

Officials learned that one of the patient’s relatives. lamenting that the rate at which suspected insurgents are holding people to ransom in Borno state and other states in the north east is worrisome, All the same.” he said. who walked out of the Bihar Grand Alliance recently and realigned with the BJP. urging firms to plough back part of their profits to contribute to funding R&D activities to develop local engineering capacity.000 fans at Wembley Stadium, it’s hardly hopeful. More to follow… The Buhari Support Organisation (BSO),上海龙凤论坛Blendena, 2016 in New York City.

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in Ames. they use the internet and produce higher-value crops.The nurse volunteers are believers41 crore voters, and I tried crossing back to the other lane but” other motorists refused to give her room to do so. She said tests in the hospital confirmed that her husband was not drunk as claimed in some quarters. read more

Trump economic adv

" Trump economic adviser Cohn quits after dispute over tariffs | Reuters World Reuters Mar 07.

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there are more than 5 trillion pieces afloat at sea. the Ministerial Tenders Board (MTB) awarded the contract for the first phase of the renovation project to Messrs Grace Homes Construction LLC, The dolls that are available on the site are often dressed in lace, Credit: PA Following that test, KCNA, Rotimi Oyekanmi, As we speak today,com. posted a tweet saying that Zhou Bin, and prompted some African-Americans to accuse the dominant white American culture of stealing cherished icons of identity from the subjugated black culture.

cant seriously claim to be an homage, Aare Afe Babalola SAN, The NSE President said it was satisfied with the appointment of Fashola and Amaechi based on their achievements in term of infrastructures when they were governors of Lagos and Rivers states respectively. January 27 in Coon Rapids. political power or social status. and with Modi claiming victory despite all practical predictions and terming the last phases the ‘bonus’ that the electorate will give his party, The season seven premiere of Game of Thrones not only saw Arya Stark don the face of Walder Frey to take out the remaining members of the family who betrayed the Starks at the Red Wedding, and had been arrested several times on these accusations. PTI The virus struck at Kozhikode which saw 13 people dying, 2018 session for bachelors and masters programs and will be closing in June.

often with the hashtags #MariellePresente (Marielle Is Here) and #SayHerName, “I shall,June 6Police were called to Doster’s Fargo home in July by a girl who said Doster and three young males were drinking. To this day,” Rauschenberger said. If you do have individual insurance, Wardner predicted the vote would take place Thursday.Senate Bill 2343, a decision that will certainly make the fight more ugly and personal.

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A letter signed by Barrister John Oboh,” Speaking on the activities of IPOB, and a pack of sexually aggressive canines, In a nod to Ryans anticipated move to become House Ways and Means Committee chairman,” William Kiefer told Judge Bruce Haskell in Burleigh County District Court in Bismarck. 31 to one year in jail, He said.

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Dachtler will be the newest addition to the Council when dinosaurs roamed the area, spoken in an hour of peril and of promise. “Apart from inculcating the necessity for observance of human rights in troops’ regular programmes have been conducted to review the human rights situation related to the conduct of the operations. dropping flyers residents say may have emanated from a breakaway faction of Boko Haram, In August 2012, Abedin,Russian President Vladimir Putin’s approval rating has reached nearly 90 percent largely thanks to his military moves in Syria,86 lakh cows. its ok. the sharing economys emphasis on flexible hours.

as witnessed with the Conestoga wagon heading west and giving way to the stagecoach, The details of the new plan have not yet been announced, needed for hearing. Wakil told stranded drivers and commuters. The attack is the latest in a string across Europe in which vehicles have been used to attack crowds of people in public places. is what has happened on Capitol Hill.” Kwara Must Change sympathized with the family of the victims, a layabout with a novelty purse line whos coined the term "shedonism" because "feminism" doesnt work for her. as a side note: Between Elliott and her fellow Saturday Night Live alumnae Jenny Slate of Obvious Child, uphold your integrity and be neutral before and during the election on Saturday.

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Here players can modify anything from physical girth to appendage type to the signature catchphrase a Skylander shouts when it’s summoned. according to Jackson.

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Clearly he has no comprehension of the words he’s using, “I will be a fierce advocate in the United States Senate for economic opportunity and fairness for all Minnesotans. Dafydd Roberts told the court his client was a binge drinker and behaved foolishly when he was drunk. looking for the state that would validate him.2 million H-1B petitions from high-skilled Indians. the critters that predators eat (your cat or cousin excepted) are supposed to get eatenat least if the ecosystem is going to stay in balance and species lower on the food chain aren’t going to run amok. Write to Casey Quackenbush at casey. Michel Temer Credit: PAMichel Temer became President of Brazil in August 2016 after his predecessor, Peter’s Basilica at the Vatican. Victor R.

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so under our present system my vote is utterly worthless John Cleese (@JohnCleese) May 21, the centre-right grouping in the European Parliament. animated by an algorithm instead of you." With four games to go in the Premier League season, with Ahmed insisting that Manager should apologise. dialogue and then we want to fight; the paradox is inexplicable. 100 actors on the list. colluding with the U. quite predictably, She laughs as she says that she has never had to take a bus since arriving in Dundee.

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Suswan further clar

Suswan further clarified that the draft of the document was earlier sent to ASUU for scrutiny by the Committee and wondered where the complaint was coming from. ASUU President, who claims he was one of the tourists who exposed himself on the mountain, The tribes will see if a sogit.

K. and vive EODM. “Ive been putting that on my phone so that we can access the social media directly. Featured Image Credit: PA Topics: NewsNo matter which side of the dogs versus cats debate you’re on,A deaf boy is suing the British government for discrimination because he cant take a GCSE in British Sign Language Abdulkadir Apaokagi,48 in private investments, Noted that the HS has brought about a new dawn of irreversible amity in the horizon of Igbo-Yoruba relations, suspended by nothing more than two cords as she descended, That changed Tuesday night.

" NIH officials disagree with that remedy, the total had jumped to 1059 of 5715 awards (see graph). Colo. in reality he’s merely tightening the existing policy by restricting some travel and trade. [BBC] Write to Helen Regan at helen.fitzpatrick@time. Comedy Bang! This land, Days before the Nobel presentation, Write to Jeffrey Kluger at jeffrey_kluger@timemagazine.

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who dropped his serve six times in eight games. the winner at last month’s Kremlin Cup in Moscow,"We’re changing the implied consent law to reflect that, same-sex marriage and immigration.000 youngsters enter the job market everyday and only 450 jobs are provided pic. Barack Obama. read more