More damage to Indian IT business: US BEAT tax set to double next year

first_imgAs part of delivering on his policy of creating more jobs in America, Donald Trump has introduced tax reforms and visa regulations, among other things. One such tax law is the base-erosion and anti-abuse tax (BEAT) which aims to prevent jobs moving to offshore locations like India.Under the new system, US outsourcing companies having annual turnover of more than 500 million USD will have to pay 5 percent of their revenues as tax to the US government. The tax rate is said to double next year to 10 percent, making it more difficult for American companies to hire offshore work.Read it at CIO Related Itemslast_img read more

Greece’s World Cup 5 Best Players

first_imgATHENS — With few famous players, Greece will rely heavily on a handful of team members who had a decisive role in qualifying for the World Cup.The captain and team motivator is 37-year-old Giorgos Karagounis, one of the few surviving members of the squad that won the 2004 European Championship.One of the best of the younger players is Kyriakos Papadopoulos, a Schalke defender who was a key player in the national team’s run to the quarterfinals at Euro 2012.Here are five players to watch:___GIORGOS KARAGOUNISWith 132 national team appearances, Giorgos Karagounis has the most caps in Greek history and remains a presence that can still turn a game.Karagounis can score from distance and serve up the set pieces that are key to many of his team’s low-score victories.In 2012, Karagounis took his inexhaustible energy to struggling Premier League club Fulham, and says he’s delighted to take his career past his mid-thirties and give Greeks joy as they struggle through financial crisis.“People wanted this (World Cup qualification) so badly,” Karagounis said. “Some may not recognize it, but our team has talent, and going to Brazil is a dream for every player and every fan. As a player, I feel blessed.”___KOSTAS MITROGLOUThe camera-shy but physically powerful Kostas Mitroglou has had a difficult time since joining Giorgos Karagounis at Fulham this season. But the 26-year-old striker was instrumental in maintaining Olympiakos’ domestic dominance before his departure, scoring 14 goals.Mitroglou also scored three times in the 4-2 aggregate win over Romania in the World Cup playoffs.The German-born forward, nicknamed the “Gunslinger” in the Greek media, gives coach Fernando Santos better options in attack, as other young strikers have failed to make an impact and goal-scoring standbys Dimitris Salpingidis, 32, and Fanis Gekas, 33, could lose pace.___KYRIAKOS PAPADOPOULOSGreece coach Fernando Santos has frequently gambled on young players, but most have failed to live up to their promise in the national team. The big exception is Kyriakos Papadopoulos, the defender who was a standout for Greek team at Euro 2012.The 22-year-old Schalke player attracted Liverpool’s attention before a knee injury kept him on the sidelines for 13 months. Still a fitness worry, his partnership with dependable center back Sokratis Papastathopoulos would be a major relief for Greece as they take on faster World Cup opponents in Japan, Colombia and Ivory Coast.“I’m not the kind of person who gives up easily,” Papadopoulos said. “I have to work hard to get back, and that’s what I’m doing.”___GIANNIS FETFATZIDISIn Greece’s last warm-up match on home soil, the team slumped to a 2-0 loss against South Korea, with players looking like they lacked motivation to prepare for the World Cup.It was a performance that ironically revived the fortunes of attacking midfielder Giannis Fetfatzidis, whose presence as a late substitute reinvigorated the home side, confirmed his reputation for being fast and flexible, and made him a likely choice for the World Cup squad.The 23-year-old Fetfatzidis’ recent goal against Lazio for Serie A club Genoa didn’t hurt him either.Greece’s big clubs spotted and fought for the player before he was in his teens, and he was eventually signed by Olympiakos before moving to Italy.___ORESTIS KARNEZISGreece is famous for its defenders, but also has no shortage of reliable goalkeepers — enough to trouble coach Fernando Santos for his choice for three on the squad.Despite his move from Panathinaikos, 28-year-old Orestis Karnezis started in all 10 of Greece’s qualifiers — conceding only four goals — and was also picked for the two playoff matches.On loan to Granada from Udinese, Karnezis’ lack of game time remains a worry, but he is looking forward to playing in Brazil.“The dream of a lifetime,” Karnezis said. “We had a target and we reached it. We have a full squad and we deserve to be there.”TweetPinShare0 Shareslast_img read more

Devils Beat Ottawa in OT, 3-2

first_imgOTTAWA, Ontario — Jaromir Jagr scored a power-play goal 3:39 into overtime as the New Jersey Devils beat the Ottawa Senators 3-2 on an emotional Oct. 25 in Canada’s capital.It was the Senators’ first game since the shooting death of Cpl. Nathan Cirillo at the National War Memorial on Oct. 22. A touching tribute took place prior to puck drop as players and fans united to commemorate the loss of Cirillo and Warrant Officer Patrice Vincent, who was killed in a hit-and-run attack Monday near Montreal.Marek Zidlicky and Damon Severson also scored for the Devils, who snapped a four-game winless streak. Cory Schneider had 33 saves.Alex Chiasson and Bobby Ryan scored for the Senators, who had won four in a row. Robin Lehner made 26 stops in front of a sellout crowd of 19,266.Ryan’s power-play goal midway through the third tied it at 2-2, but Jagr’s second goal of the season sent New Jersey home with the victory.TweetPinShare0 Shareslast_img read more

Partners in Education to Meet in Truro

first_imgAlmost 500 teachers, parents and other education partners areheading to Truro this weekend to help plan the next wave ofimprovements to Nova Scotia’s education system. Participants inthe Partners’ Forum will travel from across the province toCobequid Educational Centre on Feb. 18 and 19. “The education and health of Nova Scotia’s children is thisgovernment’s priority,” said Premier John Hamm. “We’ve built asolid foundation for student success over the past three yearswith Learning for Life. It’s time to build on that with a newplan for healthier minds and bodies, and we’re bringing togetherthe largest group of education partners that has ever beenassembled to help put that plan together.” The Department of Education will present a range of new ideascentred around six themes: setting higher standards for learning;ensuring success for all students — those who are struggling aswell as those who excel; developing active and healthy learners;providing adequate time for teaching and learning; measuring andreporting on student performance; and strengthening partnershipsfor student success. “The key is to build on positive changes that have already beenmade through Learning for Life,” said Education minister JamieMuir. “We all have a job to do to ensure students leave schoolwith the best possible preparation for their futures. The work wedo this weekend will, in time, make a big difference for thestudents in this province.” Participants at the Partners’ Forum will include teachers,principals, school board members and students. Representativesfrom school advisory councils, the Nova Scotia School BoardsAssociation, the Nova Scotia Teachers Union, governmentdepartments and many others will also be included. Doug Willms,professor and director of the Canadian Research Institute forSocial Policy at the University of New Brunswick, will help kickoff the forum with a keynote address Friday evening. All Nova Scotians will have an opportunity to provide inputthrough the Department of Education website — www.ednet.ns.ca –from Feb. 21 to March 4. In the spring, the department willrelease a new plan for education in Nova Scotia.last_img read more

New Case in Rewards for Major Unsolved Crimes

first_imgThe province hopes to provide closure to the family and community of 44-year-old Edward William Phalen by offering a reward for information that could solve his homicide. The province is offering a cash award of up to $150,000 for information leading to the arrest and conviction of the person or people responsible for his death. The cash award comes from the Rewards for Major Unsolved Crimes Program. At about 7:45 p.m., on Oct. 25, 2011, Mr. Phalen left his home on Mechanic Street, Trenton, and drove to the local convenience store. Mr. Phalen was shot and killed minutes later outside his residence. Police believe that the suspect or suspects were waiting for Mr. Phalen to return home. Witnesses heard gunshots and saw a suspect fleeing the scene on foot. At the time of the shooting, Mr. Phalen’s wife and children were inside their home. “For the sake of Mr. Phalen’s family, I encourage anyone with information to please come forward,” said Justice Minister Ross Landry. “The Phalen family deserves answers, and we all need to work with law enforcement to ensure justice is served. Remember, no piece of information is too small.” RCMP and the New Glasgow Police Service have been actively investigating the case since October 2011. “Police have seen two recent examples where adding a case to this program has supported the laying of criminal charges and those matters are now before the courts,” said Sgt. Paul. Vickers, RCMP Northeast Nova Major Crimes Unit. “We’re hopeful adding this case to the rewards program will generate new information that will assist our police investigators and allow us to bring closure to Mr. Phalen’s family.” Anyone with information regarding the homicide of Edward Phalen can call the Rewards for Major Unsolved Crimes Program toll free at 1-888-710-9090. Those who come forward with information will be expected to provide their name and contact information. They may also be called to testify in court. All calls to the Rewards for Major Unsolved Crimes Program will be recorded. The program was launched in October 2006 as an additional tool to help police gather information on unsolved crimes. There are now 66 cases in the program. For more information on this case and others visit www.gov.ns.ca/just .last_img read more

Conservative politicians welcome to watch parade but cant march Calgary Pride

first_imgCALGARY – A leader in Calgary’s LGBTQ community says politicians from Alberta’s new conservative party are welcome to watch next weekend’s Pride parade, but must do more than voice support to formally participate.The interim board of the United Conservative Party passed a resolution this week affirming support for LGBTQ rights and promising to promote and embrace the community in the party.“It’s a great first step to see them put something like that out there,” Calgary Pride president Jason Kingsley said following the official raising of the Pride flag outside the government’s office in downtown Calgary on Friday.“However, we still look forward to continuing the conversation over the next year to see how that’s going to be reflected in their platform and their policy going forward.”Christine Way, director of issues management for the United Conservatives, said party members, including interim leader Nathan Cooper, plan to attend the Sept. 3 parade as spectators.“While we are disappointed to not be participating this year, we respect the organizing committee’s decision,” she said.Leadership contender Jason Kenney, a former federal cabinet minister, was criticized this week after a spokeswoman initially said he could not attend the parade because he had not been invited. A spokesperson later said his day was booked with several multicultural events.Kingsley said the only politician to get a formal invitation to the parade is the premier. He said Kenney is welcome to watch the parade along with an LGBTQ liaison.He added that no matter the political stripe, he’d prefer elected officials stay home if they don’t back up their participation with policies that support the LGBTQ community.“It’s not a marketing mechanism,” he said.“It’s not OK to come and say that they support — and march and garner public opinion in that manner — and then not support policy and legislation when it matters.”LGBTQ advocates have offered to set up a meeting between Kenney and students who belong to gay-straight alliances at school. The clubs are meant to foster understanding, help gay kids feel less isolated and reduce bullying and harassment.A spokesperson declined to comment on whether Kenney will accept the offer.Alberta Culture Minister Ricardo Miranda, who is openly gay, said the silence is telling.“It’s rather interesting to see somebody who wants to be the leader in this province who is not taking the time to understand the issue, who is not actually taking the time to sit down with the community and hear what the community has to say,” he said at the flag-raising.The United Conservative Party was formed last month when the Progressive Conservatives and Wildrose Opposition agreed to merge.Kenney said shortly after winning the PC leadership last spring that parents should be notified if their children join a gay-straight alliance as long as it doesn’t put a child in harm’s way. He has not offered suggestions on how teachers could determine ahead of time how parents would react.The PCs under then-premier Jim Prentice passed a bill in 2015 mandating gay-straight alliances if students wished to set them up. There had been public outcry over earlier legislation that allowed schools to only allow alliances off school grounds.Ace Peace, a transgender Grade 12 student, said political leaders should acknowledge how important the alliances are to teens like him.He told the flag-raising ceremony that he looked forward to going to alliance meetings every Wednesday until eventually every day felt like one at his school.“I don’t even think to mention when there’s another trans kid in my class now. Queer kids are everywhere just being themselves and that’s awesome.”Note to readers: This is a corrected story. A previous version said the parade was this weekendlast_img read more

Conviction sentence upheld for cop who crashed doing 178 kmh in a

first_imgTORONTO – A police officer who crashed after driving at 178 kilometres an hour in a 50 zone while responding to an emergency had his dangerous driving conviction and licence suspension upheld on Friday.In its ruling, the Ontario Court of Appeal rejected a challenge from provincial police Const. Jamie Porto, who argued his trial judge had made several errors in finding him guilty.“The appellant’s excessive speed in and of itself amounted to a marked departure from the standard of care of a reasonable police officer,” the Appeal Court said in its decision. “It was open to the trial judge to reach this conclusion.”According to court records, Porto was responding to an emergency call on an afternoon in October 2014 after a crash. Court records show he sped through the village of St. Joachim, east of Windsor, with its posted speed limit of 50 km/h at a speed of 178 km/h.Porto passed a construction zone and a school before crashing into a vehicle going in the same direction that was making a left turn. The crash occurred as Porto tried to pass the vehicle driven by Ryan Coombes on the left, court records show.Coombes was left with cracked ribs and a concussion, while a pedestrian and her daughters not far from Coombes’ spinning vehicle were able to walk away unhurt. A gas station nearby was extensively damaged.At trial, the officer admitted his speeding amounted to driving in a manner dangerous to the public and that his driving had resulted in bodily harm. The issue for the judge to decide was whether Porto’s driving had shown a “marked departure” from what was reasonable in the circumstances.In December 2016, Superior Court Justice Bruce Thomas convicted the 34-year-old officer of dangerous driving causing bodily harm to Coombes. He ordered Porto to pay a fine of $2,500 and barred him from driving for a year.“I am reminded that this officer was responding to a potential life-threatening call,” Thomas said in nevertheless finding Porto’s driving was unreasonable. “(But) Const. Porto should have foreseen the danger posed by Mr. Coombes’s vehicle.”Thomas concluded that the constable, a 10-year officer with two children, should have reduced his speed dramatically and stayed in his lane until he was sure of what move Coombes was planning. The failure to do so and the attempt to pass Coombes at the intersection in the middle of the village at high speed was not reasonable, the judge found.In upholding the conviction, the Appeal Court rejected Porto’s argument that Thomas had put too much emphasis on speed.“Given that the trial judge concluded that speed alone amounted to a marked departure, it is difficult to see how he could over-emphasize this factor,” the Appeal Court said. “At 178 km/h, the appellant had virtually no time to react to emergencies or foreseeable conduct by other drivers.”The higher court also rejected arguments to substitute a discharge for the fine and driving ban based on fresh evidence — essentially that Porto is considered a “conscientious and able” officer respected by his superiors and peers.“That same evidence was before the trial judge and it provides no basis upon which this court could interfere with the sentence he imposed,” the Appeal Court said.last_img read more

The Future of Audio and Video Programming in Canada What Will Come

first_imgConsumer Behaviour and an Evolving MarketCanadians currently enjoy audio and video content through a combination of traditional broadcast and Internet-based services. How do you think consumer behaviour will evolve in the next 5 years? What factors will influence this evolution?How do you want to access programming in the future? Do you want to use:Online or traditional providers?Global or domestic providers?Content aggregators or multiple distributors? Music, Podcasts, TV, Radio, Videos and Everything in BetweenThe Internet has expanded the ways we access content but the traditional ways still exist. Whether it’s on your TV, laptop, phone, streamed through your car, or over-the-air – content is everywhere.We want to know how you want to access audio and video content in the coming years, and how you think these changes might impact the Canadian broadcasting and telecommunications markets. Your comments and ideas will help us provide advice and guidance to the Department of Canadian Heritage.Two-Phase Consultation Oct 12 to Dec 1, 2017Phase 1 – Laying the Foundation Advertisement Advertisement Facebook Supporting Canadian Content Creation and DistributionHow is the growth in online audio and video consumption changing the business models of program creators and distributors? What are the new models?Content is generally monetized through advertising, subscription and/or transaction revenues. How are new business models shaping the evolution of these revenue sources?Many new business models are global. How will the growth of a global content rights market affect business models?Will new business models support a vibrant domestic content and distribution market? If so, which ones and why? If not, what’s missing? Canadian PolicyWhat are the legislative, public policy or regulatory measures currently in place that will facilitate or hinder a vibrant domestic market? What needs to stay in place? What needs to change? We will draw from the comments and issues raised in phase 1 to establish topics addressed in the second phase.READ MORE Advertisement Login/Register With: Keeping Pace with Growing DemandHow will fixed and mobile broadband networks keep pace with future data streaming capacity requirements, particularly in rural and remote areas? LEAVE A REPLY Cancel replyLog in to leave a comment What are the characteristics of a vibrant domestic content creation and distribution market? During this phase, we are looking for your thoughts on the following questions: Twitterlast_img read more

SecretaryGeneral arrives in Morocco to address global conference

In his speech to the gathering organized by the French Institute of International Relations (IFRI) tomorrow, Mr. Ban is expected to spotlight the need for enhanced ways of working together as global interdependence deepens.He will identify three main challenges for global governance: ensuring that the global economy works for all people; combating climate change; and addressing new challenges, such as migration and organized crime.The three-day gathering in Marrakech will draw some 140 representatives from governments, the private sector, academia and the media.While in the country, the Secretary-General will meet with Morocco’s King Mohammed VI and the UN Country Team in the capital, Rabat.From Morocco, he will travel to Strasbourg, France, to address the Council of Europe and meet with European officials. 15 October 2010Secretary-General Ban Ki-moon touched down in Morocco today, where he will address an international policy conference on the theme of global governance. read more

Vancouver warns homeowners to fill in forms on empty homes tax or

Vancouver Mayor Gregor Robertson is warning homeowners if they fail to declare their property status by Feb. 2, they will face the city’s empty homes tax plus a $250 fine.The tax is one per cent of a home’s assessed value.It affects any property that is not a principal residence and is not occupied for six months a year.Robertson says property owners can expect to receive instructions in the mail starting this week on how to make their declarations.He says there is a $10,000 fine for false declarations and the city is in the process of setting up an enforcement system that will include hiring staff in the new year.The tax is the first of its kind in Canada and is aimed at freeing up as many as 20,000 units for rent as the city’s vacancy rate hovers near zero.Robertson says the city must do everything it can to ease the housing crunch, and it’s also proceeding with a plan to open 600 new units of temporary modular housing for the homeless. read more

Nazi scum off our streets Demonstrators clash outside PPC Leader Maxime Bernier

HAMILTON — A protest outside an event by People’s Party of Canada Leader Maxime Bernier took a violent turn Sunday evening as demonstrators clashed with supporters and those attending, with several people led away in handcuffs.A fight broke out near the entrance of a hall at Hamilton’s Mohawk College before the talk was set to begin, and police said four people were arrested for breach of the peace and later released. No injuries were reported.Demonstrators, some covering part of their faces with bandannas or balaclavas, hoisted signs that read “White supremacy is terrorism” and “Refugees welcome here” as they yelled chants of “Nazi scum, off our streets” at those going inside.Some attempted to prevent people from entering the building and at one point blocked the path of an elderly woman who was using a walker, yelling at her and her companion.A group of People’s Party supporters, at least one wearing a Make America Great Again hat, occasionally shouted at the protesters from behind a barrier of police officers.Story continues belowThis advertisement has not loaded yet,but your article continues below.Speaking to reporters after the event, Bernier lamented the disturbance outside and said his party and his policies are misunderstood.“For me, that was the first experience and I must admit that I didn’t like it. It’s not Canadian,” he said of the epithets hurled by protesters.Related Rhino Party says its Maxime Bernier to run in same riding as PPC’s Maxime Bernier Maxime Bernier: I’m coming out against supply management — and I want all Conservatives to join me Maxime Bernier ‘indefinitely’ postpones publishing book critical of Tory leader Andrew Scheer “These people didn’t take time to read our platform because what they were saying, it is not who we are and who I am as a politician, so that’s too bad that they didn’t want to have any discussion,” he said.“We cannot debate when people don’t want to look at what you’re saying in reality.”The event, a roundtable discussion on free speech involving Bernier and American political commentator David Rubin, has proven polarizing in a city that some experts describe as a hot bed for the far right.The school has faced criticism for allowing Bernier to rent the facility, with some accusing the institution of providing a platform for hate speech.Rubin, meanwhile, tweeted last week that the event had been cancelled due to “threats from Antifa,” stirring allegations of censorship. He later clarified the talk was still taking place.Mohawk College’s president has said the school is bound by a “government-mandated freedom of speech policy” that requires it to provide opportunities for anyone to voice their views.“The event in question involves a member of a federal political party that is recognized in the national discourse,” Ron McKerlie tweeted earlier this month.“Rental of this space does not represent an endorsement of the views of the organizers. Our policy is clear about events inciting hate.”For me, that was the first experience and I must admit that I didn’t like it. It’s not CanadianBernier has denounced “mass immigration” and “extreme multiculturalism,” and has promised to dramatically reduce the number of immigrants admitted to Canada, saying the country should look after its own citizens first.He has also said climate change does not pose an imminent threat.Bernier, who was greeted with a standing ovation, touched on those positions Sunday in a discussion that began with a moderator thanking the crowd for “pushing back against the fascism that’s happening outside.”Just days after massive climate change rallies took place across the country, Bernier described the issue as a “religion” and said he hoped people would soon “wake up.”A segment of the crowd booed when a moderator mentioned teen activist Greta Thunberg, who spearheaded the movement.Bernier also vowed to repeal the Canadian Multiculturalism Act and promote Canadian culture and values. read more

Annan names independent panel to probe OilforFood allegations

Video of the press briefing [25mins] United Nations Secretary General Kofi Annan today announced the formation of the independent panel that will conduct an inquiry into allegations of impropriety in the administration and management of the Iraq Oil-for-Food Programme. The panel will be chaired by Paul A. Volcker, former Chairman of the Board of Governors of the United States Federal Reserve System. Its other two members are Justice Richard Goldstone of South Africa, who previously served as the Chief Prosecutor of the United Nations International Criminal Tribunals for the former Yugoslavia and Rwanda, and Mark Pieth of Switzerland, a Professor of Criminal Law and Criminology at the University of Basel with expertise in money-laundering. According to the terms of reference that will govern the independent inquiry, the panel will have the authority to investigate whether the procedures established by the UN for the administration and management of the Programme were violated; determine whether any United Nations officials, personnel, agents or contractors engaged in any illicit or corrupt activities in the carrying out of their respective roles in relation to the Programme, and; determine whether the accounts of the Programme were in order and were maintained in accordance with UN regulations and rules.To ensure a thorough and meticulous inquiry, the members of the independent panel will have the authority to access all relevant UN records and information, written or unwritten, and to interview all relevant UN officials and personnel. The panel is authorized to obtain records and interviews from persons unaffiliated with the UN who may have knowledge relevant to the inquiry, including allegations of impropriety. It is also authorized to seek cooperation from UN Member States to conduct its inquiry.In a separate action today, the Security Council adopted unanimously a resolution welcoming the appointment of the panel and calling upon the Coalition Provisional Authority (CPA), Iraq and all other Member States – including their national regulatory authorities – to fully cooperate with the inquiry.In addition, within three months of the initiation of its work, the panel should provide the Secretary-General with a status report of its work. The Secretary General has stated that he will employ his authority so that the Organization’s privileges and immunities do not impede efforts to hold accountable those who have engaged in unacceptable conduct.”Obviously, these are serious allegations which we take seriously, and this is why we’ve put together a very serious group to investigate it,” the Secretary-General told the press today at UN Headquarters. “The organization will take whatever steps may be appropriate to address the issues raised by the inquiry. We have assembled a group of respected individuals that I hope will complete its work as soon as practicable.””As to the impact on our activities in Iraq, I hope the Iraqis realize that even if there have been wrongdoings by certain members on the UN staff, the UN, as a whole, did make a genuine effort to fill in their humanitarian needs,” he added. “There were hundreds of UN staff who worked very hard and diligently to establish the food distribution system and ensure that supplies did go in and, I think, that positive aspect of it should not be overlooked either.”As provided in the terms of reference, the panel’s report will be made public. read more

Toronto stock market takes back some of the recent declines dollar rises

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by David Friend, The Canadian Press Posted Mar 12, 2015 6:55 am MDT TORONTO – The Toronto stock market rebounded on Thursday as traders took back some of the losses from earlier in the week.The S&P/TSX composite index rose 31.52 points to close at 14,770.72, boosted by financial stocks and the metal and mining sector.Financials stocks were broadly higher, with the sector rising 0.8 per cent. Both Manulife Financial (TSX:MFC) and TD Bank (TSX:TD) were among the biggest traders on the TSX.Meanwhile, the metals and mining sector rose 1.5 per cent with March copper up 5.3 cents at US$2.66 a pound. April gold bullion closed ahead $1.30 at US$1,151.90 an ounce.“We have entered a period where we should expect greater volatility and less of a magnitude of returns than we are used to,” said Kash Pashootan, vice-president of First Avenue Advisory in Ottawa.“I feel it’s healthy. If we were not seeing that volatility, and we continued to see markets gain at the same robust nature as we have in the past five years, that’s when I would start to be concerned.”The Canadian dollar moved ahead 0.36 of a cent to 78.72 cents US as the U.S. greenback eased off its relentless climb against key international currencies.The move came as the Royal Bank bank downgraded its latest economic forecast for 2015 after a sharp drop in energy prices.The bank projects Canada’s real GDP to grow by 2.4 per cent this year — a reduction of 0.3 percentage points from its forecast issued last December. RBC said while the drop in energy prices is a negative for the oil and gas sector, much of the weakness will be offset by stronger consumer spending and exports.On the commodity markets, the April crude contract ended near a six-week low, falling $1.12 to US$47.05 a barrel on the New York Mercantile Exchange, as the TSX energy sector dropped 1.5 per cent.“Our view is the Canadian economy will be sluggish for the next three years at best, potentially longer,” Pashootan said.“This fall in oil prices couldn’t have come at a worse time for the Canadian economy because it further compounds the challenge from a job loss and consumer confidence perspective.”In the U.S., traders changed their tune on expectations surrounding the Federal Reserve’s policy on interest rates. A weak retail sales report issued Thursday morning appeared to push expectations on a rate hike until later in the year.The shift in sentiment helped the Dow Jones industrials jump 259.83 points, to 17,895.22, the Nasdaq climbed 43.35 points to 4,893.29 while the S&P 500 index edged up 25.71 points to 2,065.95.In corporate news, Empire Co. Ltd. (TSX:EMP.A), the parent of the Sobey’s grocery chain, earned $123.6 million for the quarter, up from a $400,00 a year ago. Sales slipped to $5.94 billion compared with $6 billion. Empire shares dropped 95 cents to $90.00.Transat AT Inc. (TSX:TRZ.B) said it’s aiming for $100 million of cost savings and margin improvements by 2017. Part of the plan includes saving $45 million in 2015. The tour operator posted a deeper net loss of $64.3 million in the first quarter compared to $25.6 million a year earlier. Transat shares were down 60 cents $6.10.Follow @dj_friend on Twitter. Toronto stock market takes back some of the recent declines, dollar rises read more

Horchler leads North Florida past Florida AM 8162

JACKSONVILLE, Fla. — Noah Horchler tossed in 23 points on 10-of-15 shooting from the floor and North Florida dominated the first half and cruised to an 81-62 victory over Florida A&M on Thursday night.Wajid Aminu totalled 12 points and eight rebounds for the Ospreys (3-5), who returned home after a four-game road trip and beat the Rattlers (2-5) for a fifth straight time. Garrett Sams and Trip Day scored 10 apiece, Carter Hendricksen snagged 10 rebounds and Ivan Gandia-Rosa pitched in with seven points, eight assists, five rebounds and four steals.Florida A&M shot just 27 per cent from the floor in the first half and trailed 35-17 at intermission. North Florida pushed its lead to 30 at 51-21 on a Sams layup that capped a 16-4 run with 16:18 left to play.Sophomore reserve Bryce Moragne paced the Rattlers with 18 points on 8-of-11 shooting. Justin Ravenel scored 13 and hit the only 3-pointer for Florida A&M, which missed 9 of 10 from distance. MJ Randolph added 11 points, six rebounds, four assists and two steals.The Associated Press read more

The Playoff Implications Of Every Game For Every NFL Team

“Playoff Implications” is a phrase you usually don’t hear until the final weeks of the NFL regular season, but almost every regular season game has playoff implications. In the early going, however, it can be difficult to figure out just what those implications are, and how much is riding on each game.Most other major sports leagues play a greater number of regular season games, and thus the playoff picture in those sports evolves in a more incremental fashion. The pace can seem glacial at times for MLB, and inevitable and foregone when it comes to the NBA. But with just 16 regular season games, the NFL’s playoff landscape can change dramatically over the course of a single Sunday afternoon. And these tectonic shifts take place throughout the season, not just in those final weeks of December.With a week or two left in the season, the “eye test” usually suffices for judging which games will shape the playoff picture. But in mid-October there are far too many possibilities for the unassisted human mind to make sense of. We can only speak in general terms. For example, we know the playoff chances for the New Orleans Saints will improve with a victory this Sunday over the Detroit Lions. But by how much? And how far would they drop with a loss? Expanding our focus, what other teams have a vested interest in the outcome of this game? One would expect Carolina’s playoff chances to improve with a Saints loss, given that the Saints are their division rival. But once again, by how much?To answer these questions, we’ve created a weekly feature that measures the playoff implications of each game. To do this, you need to be able to simulate the remainder of the season multiple times and analyze the results. And in order to simulate the season, you need a way to rank all 32 teams, and use that ranking to create outcome probabilities for future games. We’ve been doing just that with FiveThirtyEight’s Elo rankings. But the Elo ratings, simple and beautiful, aren’t the only word on NFL rankings. For this feature we’re going to turn to the wisdom of the crowd instead, and use a ranking system one of the authors developed based on betting markets. In stock market terms, think of it as technical analysis in lieu of fundamental analysis.We’ll get into the methodology in a moment but first the results. Think of each interactive table below as a playoff implications “cheat sheet” for this week’s upcoming games.1The table is initially sorted by game importance, where we define importance by its cumulative impact on the playoff picture. Where you see blank cells on the table corresponds to games and teams in which there was not a statistically significant difference in playoff odds. (If you hover over a colored square, you’ll see details for that game.)UPDATE (Oct. 17, 12:30 p.m.): The interactive tables above have been updated to include Thursday night’s game, which now shows no playoff implications because its result is included in the playoff chances (the text of the article has not been updated).Reading the table across tells you which teams are affected by any particular game.2Notice that we don’t restrict ourselves to just the two teams competing in each game. As we alluded to above, teams benefit when they win games, but they also benefit when division rivals (and other competitors for playoff seeding) lose games. The Panthers, for example, would see their playoff chances rise by 11 percent with a Saints loss to the Lions. Reading the table down tells you which games matter most to any given team. For example, if you’re a Texans fan, what games should you care about this week, how much should you care about them, and who do you want to win? The column headers are sortable, so clicking on the “HOU” column tells you to care about HOU @ PIT, ATL @ BAL, CIN @ IND, NYJ @ NE, CLE @ JAC, and KC @ SD — in that order. And you want the Texans, Falcons, Bengals, Jets, Jaguars and Chiefs to win.My rankings start from the assumption that the NFL gambling market is efficient, and then attempts to determine how that efficient market ranks each of the 32 NFL teams. Unfortunately, Vegas doesn’t actually share its rankings with the general public, but with a little reverse-engineering, we can arrive at a pretty good guess at what they are. We start with the point spread. For Thursday night’s game, the New England Patriots are a 9.5-point favorite at home against the New York Jets. Since home field advantage is worth about 2.5 points, the market thinks the Patriots are 7 points better than the Jets when playing on a neutral field.Armed with this interpretation, we then take the point spreads from each game and for multiple weeks and run a simple linear regression to arrive at a consensus ranking. The process is akin to drawing a map of the United States but nobody tells you a city’s location. Instead, they only tell you how far away each city is from another city (e.g. Los Angeles is 1,700 miles away from Chicago, Chicago is 165 miles from Indianapolis, and so on). To further complicate matters, our map “moves” over time, making earlier “distance” measurements less reliable. For example, the Steelers opened the season as a 6-point favorite at home against the Browns. If the market were to set that point spread today, Pittsburgh would most likely drop to just a 2.5-point favorite, as the Steelers have fallen short of preseason expectations, and the Browns have exceeded them. So, the ranking methodology gives more weight to recent point spread data in an attempt to get the most up-to-date market evaluation of each team.Now that we have a ranking system that assigns a probability to each future regular season game outcome, the next step is to simulate the season multiple times (50,000 times to be exact). After simulating win/loss records, we apply the NFL playoff seeding rules (plus tiebreakers) and summarize the results. There are already several sites that do these types of simulations for the purpose of producing team playoff odds (including FiveThirtyEight). For this feature, we’re going to go a bit deeper than that.Instead of focusing on each team’s overall playoff odds, let’s instead focus on each game. We’ll use the New Orleans-Detroit game as an example. Of the 50,000 simulation runs, there were precisely 30,180 (or about 60 percent) that resulted in a Lions victory, and 19,820 that resulted in a Saints victory. Let’s now focus on those two samples in isolation. Of the 30,180 simulations in which the Saints lost, they made the playoffs 8,273 times, or 27 percent. Of the 19,820 simulations in which the Saints won, they made the playoffs 9,172 times, or 46 percent. Put simply, the Saints playoff odds could swing by a not-insignificant 19 percent as a result of their game against the Lions. (The games with the most cumulative influence on the overall playoff picture (“leverage”) are listed at left).We can repeat this calculation for every game and every team. The result: A measure of how much every game matters to every team. read more

Total failure electric and fuel Frantic audio between pilot and controllers before

first_img Share121 Tweet Email3 A fan of Brazil’s Chapecoense soccer team cries at the team’s stadium. Source: Andre Penner/PA ImagesIt is also possible the pilot dumped fuel, or a lack of fuel was caused by a leak or some other, unexplained reason.“If this is confirmed by the investigators it would be a very painful because it stems from negligence,” Bocanegra told Caracol Radio when asked whether the plane should not have attempted such a long haul.One key piece to unlocking the mystery could come from Ximena Sanchez, a Bolivian flight attendant who survived the crash and told rescuers the plane had run out of fuel moments before the crash.Investigators were expected to interview her at the clinic near Medellin where she is recovering.“‘We ran out of fuel. The airplane turned off,’” Sanchez told Arquimedes Mejia, who helped pull the flight attendant from the wreckage.“That was the only thing she told me,” he told The Associated Pres. Priest Omar Raposo conducts mass in memory late journalist Guilherme Marques who died in the crash. Source: Leo Correa/PA ImagesCo-pilotInvestigators also want to speak to Juan Sebastian Upegui, the co-pilot on an Avianca commercial flight who was in contact with air traffic controllers near Medellin’s Jose Maria Cordova airport at the time the chartered plane went down.In a four-minute recording that appears to be an audio message to a friend, Upegui described how he heard the doomed flight’s pilot request priority to land because he was out of fuel.Growing ever more desperate, the pilot eventually declared “May Day! May Day!” because of a “total electrical failure,” Upegui said, before the plane quickly began to lose speed and altitude in an almost three-minute death spiral.“I remember I was pulling really hard for them, saying ‘Make it, make it, make it, make it,’” Upeqgui says in the recording, which circulated on social media. By Associated Press Nov 30th 2016, 9:01 PM 29,321 Views Wednesday 30 Nov 2016, 9:01 PM 32 Comments Short URL Source: VASAviation -/YouTubeTHE PILOT OF the chartered plane carrying a Brazilian soccer team told air traffic controllers he had run out of fuel before crashing into the Andes, according to a leaked recording of the final minutes of the doomed flight.In the sometimes chaotic audiotape from the air traffic tower, the pilot of the British-built jet could be heard repeatedly requesting permission to land due to a “total electric failure” and lack of fuel, before slamming into a mountainside late on Monday evening.A female controller could be heard giving instructions as the aircraft lost speed and altitude about eight miles from the Medellin airport. Just before going silent the pilot said he was flying at an altitude at 9,000 feet.The recordings, obtained by several Colombian media outlets, seemed to confirm the accounts of a surviving flight attendant and a pilot flying nearby who overheard the frantic pleas from the doomed airliner.These, along with the lack of an explosion upon impact, point to a rare case of fuel running out as a cause of the crash of the airliner, which experts say was flying at its maximum range. The lack of an explosion at the crash site hinted to the lack of fuel on board. Source: AP/Press Association ImagesFor now, authorities are avoiding singling out any one cause of the crash, which killed all but six of the 77 people on board, including members of Brazil’s Chapecoense soccer team traveling to the Copa Sudamericana finals.A full investigation is expected to take months and will review everything from the 17-year-old aircraft’s flight and maintenance history to the voice and instruments data in the black boxes retrieved yesterday at the crash site on a muddy hillside.Alfredo Bocanegra, head of Colombia’s aviation agency, said that while evidence initially pointed to an electrical problem, the possibility the crash was caused by lack of fuel has not been ruled out.Planes need to have enough extra fuel on board to fly at least 30 to 45 minutes to another airport in the case of an emergency, and rarely fly in a straight line because of turbulence or other reasons.Before being taken offline, the website of LaMia, the Bolivian-based charter company, said the Avro RJ85 jetliner’s maximum range was 2,965 km just under the distance between Medellin and Santa Cruz, Bolivia, where the flight originated carrying close to full passenger capacity. https://jrnl.ie/3112473 Then it stopped…The controller’s voice starts to break up and she sounds really sad. We’re in the plane and start to cry.Another clue is the crash site itself, where no traces of fuel have been found.Often planes go up in a ball of flames upon impact but one reason six passengers survived was because the plane didn’t explode. ‘Total failure, electric and fuel’ – Frantic audio between pilot and controllers before fatal air crash Investigators aren’t ruling anything out, but a lack of fuel could well have caused the crash. Tweet thisShare on FacebookEmail this articlelast_img read more

ASA Welcomes Highway Bill with Crop Insurance Fix

first_imgThe American Soybean Association (ASA) greeted news this evening that the Senate approved the conference report on the Surface Transportation Reauthorization Act, more familiarly known as the Highway Bill. The final legislation is formally titled the Fixing America’s Surface Transportation (FAST) Act, and will now head to President Barack Obama for signature.Providing funding certainty for road and bridge construction and maintenance was a priority for ASA in the legislation, as well as reversing the $3 billion in cuts to crop insurance that were included in the bipartisan budget deal passed in October.”The cut to crop insurance was a dealbreaker for soybean farmers and we’re very relieved to see these cuts reversed,” said Wade Cowan, ASA’s president and a farmer from Brownfield, Texas. “Soybean farmers across the country rely on crop insurance in times of extreme weather to ensure they can stay in business to farm in the coming year. An ill-advised $3 billion in cuts would have severely hobbled the program, and we’re happy to see them reversed.”While pleased with the results of the vote today, Cowan noted that the association would be on the lookout for similar attacks in coming budget discussions.”ASA will continue our opposition to any attempt to cut the farm bill programs in the budgeting process,” he said. “These programs seem to be low-hanging fruit to lawmakers who don’t understand how important they are to the nation’s food producers, and we will continue to fight to make sure they stay whole. We thank Chairmen Roberts and Conaway and Ranking Members Stabenow and Peterson for their continued defense of the farm safety net, and for securing the fix for this most recent grab at the crop insurance program.”With regard to transportation, the multi-year reauthorization provides certainty for state and local governments to maintain and move forward with transportation projects. It provides new flexibilities and streamlines environmental review and permitting processes aimed at accelerating projects. The bill also establishes new national freight policies and programs aimed at improving freight movement and strengthening U.S. economic competitiveness.Unfortunately the bill fails to enable states to allow increased truck weights on federal interstates, after the defeat of an amendment offered by Rep. Reid Ribble of Wisconsin that would have provided states the option to increase truck weight limits on federal interstates.last_img read more

Army Breaks Ground on National Museum at Ft Belvoir

first_imgArmy leaders broke ground Wednesday at Fort Belvoir in northern Virginia on the site of the long-awaited National Museum of the U.S. Army.The 186,000-square-foot facility will cost about $200 million and is scheduled to open in 2019. The Army Historical Foundation, which has worked more than a decade on the project, has raised more than $135 million, primarily from individuals. The organization hopes to raise the additional funds as quickly as possible to keep the construction on track, reported Stars and Stripes.The Army is the only branch of the military without a national museum covering its entire history. The museum, which will be located just outside Fort Belvoir’s gates, will cover the Army’s history from the initial militias formed in Massachusetts in 1663 that would become the foundation for the National Guard through to the modern-day Army. It will feature about 30,000 artifacts and documents — including uniforms, weapons, protective equipment and letters — and more than 15,000 pieces of artwork.Officials estimate the museum will attract 500,000 to 700,000 visitors a year.Army Secretary Eric Fanning said the museum will honor the service and sacrifice of the more than 30 million Americans who have served in the regular Army, the National Guard and the reserves, but it will especially serve to honor men and women who have made the ultimate sacrifice in battle, according to the story.“This museum will serve as a monument to them — a memorial to all who we have lost and to war’s incredible cost,” Fanning said. “From the Revolutionary War to our fights in Iraq and Afghanistan, it is the Army that has borne the greatest share or our nation’s loss — fully 85 percent of all Americans who have given their lives in our nation’s wars.” Dan Cohen AUTHORlast_img read more

Remembering Paul Allen Did you know Microsoft cofounder could play guitar like

first_imgPaul AllenMark Wilson/Getty ImagesWhile many knew Paul Allen as the co-founder of Microsoft, several recalled him for his contribution to the world of sports. Allen, a jack of all trades, was indeed a visionary when it comes to the Portland Trail Blazers fans who were close to their enigmatic chairman. Allen has truly left behind an unfillable void in the world of sports but the ultimate trail brazer was also one of the biggest names to emerge from Silicon Valley, California.Little did Allen knew when he co-founded Microsoft with Bill Gates in 1983 that his startup venture would make him worth tens of billions. Interestingly, the name ‘Micro-soft’ was also suggested by Allen and he has also been credited with devising the two button mouse.However, the apparent fallout with Bill Gates made him follow a different path by investing in a multitude of side projects and charitable ventures spanning from buying World War II memorabilia and owning a museum of one of his biggest idols — Jimi Hendrix.   Meanwhile, there is an interesting anecdote on the billionaire philanthropist, courtesy legendary music producer Quincy Jones. Jimi HendrixEvening Standard/Getty ImagesDuring an exclusive interview with New York magazine’s Vulture, Quincy sang the praises of the tech mogul’s guitar skills. Wait, that is not all. The Grammy Legend Award winner also likened Allen to Hendrix.While crediting the music of Eric Clapton’s band Cream, he asked the interviewer, “But you know who sings and plays just like Hendrix?” “Paul Allen,” Jones exclaimed.”I went on a trip on his yacht, and he had David Crosby, Joe Walsh, Sean Lennon — all those crazy motherf—–s. Then on the last two days, Stevie Wonder came on with his band and made Paul come up and play with him — he’s good, man.”Allen had expressed his affinity to Jimi Hendrix quite a few times in the past as well. In his write up — Idea Man: A Memoir by the Cofounder of Microsoft — Allen mentions that he was obsessed with the ‘Purple Haze’ rocker and had also talked about mimicking his guitar skills.”I knew I’d never play it the way Jimi did, but I was satisfied,” he wrote.The Microsoft co-founder was also known to keep a few guitars in his yacht and enjoyed quite a few jamming session with his musician mates.last_img read more

Free Anwar Ibrahim declares new dawn for Malaysia

first_imgMalaysian politician Anwar Ibrahim leaves a hospital where he is receiving treatment, ahead of an audience with Malaysia`s King Sultan Muhammad V, in Kuala Lumpur, Malaysia on 16 May 2018. Photo: ReutersReformist Anwar Ibrahim declared a “new dawn for Malaysia” Wednesday after his release from prison paved the way for a return to national politics as presumptive successor to Prime Minister Mahathir Mohamad following a stunning election upset.In scenes that captivated Malaysians, the charismatic 70-year-old returned to the national spotlight after the country’s king quashed a widely-criticised sodomy conviction that had put Anwar behind bars for three years.To ecstatic cries of “Reformasi!” (Reform) — Anwar’s ralling cry — he vowed to hundreds of journalists, supporters and admiring prison guards to support the new government’s efforts to clean up the country.Anwar said he had forgiven Mahathir, 92, who had him imprisoned two decades ago but has become his unlikely ally.”Now there is a new dawn for Malaysia. I must thank the people of Malaysia,” said Anwar, flanked by his wife Wan Azizah Wan Ismail and other members of his political party.”The entire spectrum of Malaysians, regardless of race or religion, have stood by the principles of democracy and freedom. They demand change.”Anwar has cast a long shadow over Malaysian politics for decades.He enjoyed a meteoric rise in the now-ousted Barisan Nasional (BN) coalition but suffered a spectacular falling out with his then-boss Mahathir in the late 1990s and was thrown in jail after being convicted of sodomy and abuse of power.Upon his release the first time, he joined and revitalised the opposition coalition that finally ousted BN last week.Anwar’s release from his second jail term sets up a tantalising reunion with his nemesis-turned-ally Mahathir.Mahathir has said he expects to run the government for one to two years but has signalled that the reins would be turned over to Anwar eventually.Anwar said his history with Mahathir — who sacked Anwar and had him jailed in 1998 — was water under the bridge, as they shared the same goals of reforming the government and cleaning up a massive corruption scandal involving former prime minister Najib Razak.”Bury the hatchet? It’s been a long time already,” Anwar said when asked about Mahathir.”I have forgiven him,” he added, saying he would work to support the smooth transition of power to the new government headed by Mahathir.Anwar’s release caps a remarkable reversal of fortune made possible by the BN’s unexpected electoral drubbing a week ago.The former autocrat Mahathir — who headed BN for 22 years until 2003 — came out of retirement to lead a disparate opposition first assembled by Anwar to an upset victory, fuelled by rising public anger at a massive government corruption scandal under Najib.Many had expected BN to coast to victory given its tight hold over the media, government, police and electoral apparatus of the multicultural Muslim-majority nation.But the result laid bare the depth of disgust with former leader Najib, who stands accused of presiding over the plundering of the state investment fund 1MDB which he established.Mahathir has barred Najib from leaving the country pending investigations.Dizzying changeThe BN had ruled since independence in 1957. Anwar’s release adds to the dizzying sense of change sweeping the country and is likely to fuel public expectations for an entirely new national direction.Xavier Jayakumar, a member of parliament with Anwar’s Parti Keadilan Rakyat, called it “a momentous day for all of Malaysia”.”The joy is similar to when South Africans celebrated with jubilation after Nelson Mandela was freed.”Talib Ibrahim, 60, a supporter waiting at the Kuala Lumpur hospital, said Anwar’s release was “good for the country”.”He did good (before) and can do good for the whole of Malaysia,” he said.Anwar cannot directly join the government anytime soon.He must first be elected to parliament, having been stripped of his seat in 2015 when his conviction on charges of sodomising a young male aide was upheld on appeal and he went to jail a second time.That conviction is viewed by many as having been orchestrated by Najib’s government to neutralise Anwar’s rising political threat.Previously, the charismatic Anwar headed various ministries under Mahathir’s tutelage in the 1990s, earning praise as a reformer. He eventually became deputy prime minister and Mahathir’s presumed successor.But the two men fell out over a number of issues, resulting in the popular Anwar’s imprisonment, which triggered unprecedented protests.After six years in jail, Anwar used his star power to unite the previously hapless opposition before the latest sodomy charges cast him once again into the political wilderness.last_img