Key dates in Blatter’s career

first_imgA look at some of the key dates in the career of FIFA President Sepp Blatter:1936 – Born in Visp, Switzerland.1948-1971 – Player in Swiss amateur league.1956 – Becomes member of Swiss Association of Sportswriters.1959-1964 – Public relations official for tourism in the canton of Valais.1964-1966 – Secretary general, Swiss Ice Hockey Federation.1968-1975 – Director at watch company Longines S.A.1975-1981 – FIFA technical director.1981-1998 – FIFA general secretary.1998 – Elected FIFA president.2002 – Blatter accused of financial mismanagement by FIFA executive committee members. Criminal complaint filed against Blatter with Swiss prosecutors comes to nothing after Blatter is re-elected by beating Issa Hayatou of Cameroon in a vote.2007 – Re-elected unopposed.2011 – Re-elected unopposed after challenger Mohamed bin Hammam, a former ally, withdrew before being suspended by FIFA over bribery allegations.May 29, 2015 – Re-elected for fifth term by beating Prince Ali bin al-Hussein after reneging on pledge not to stand again.June 2 – Announces resignation plans as pressure mounts over escalating criminal investigations.July 20 – Exit date set for February 26 when the presidential election is due to be held.July 24 – Uses in-house FIFA magazine to say the governing body will support US and Swiss investigations “no matter how close to home those investigations get.”July 25 – Interrogated by Swiss federal police over alleged criminal use of FIFA money as office is searched and data is seized.last_img read more

Actor accepts plea deal

first_imgBig Pussy’s case is closed. “Sopranos” actor Vincent Pastore pleaded guilty Monday to attempting to assault a former girlfriend last spring. As part of the plea deal, Pastore will perform 70 hours of community service, attend six months of weekly anger-management therapy and pay a $190 fine. If convicted at trial, he could have been sentenced to as much as a year in jail. Pastore, 59, was accused of attacking Lisa Regina, 44, during an argument in Little Italy. Prosecutors said he punched her in the back of the head, grabbed her hair and forced her head down on a car’s gear shift. When the judge asked Monday whether he attempted to strike Regina, Pastore replied, “Yes, I did.” The actor, a Navy veteran, said he wanted to serve his community service at a Veterans Administration hospital in the Bronx neighborhood where he was born. Pastore’s attorney, Dominic Barbara, said his client had been receiving anger-management therapy for 10 months. Pastore played gangster Salvatore “Big Pussy” Bonpensiero, who was killed early in the series as payback for snitching on the mob. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBlues bury Kings early with four first-period goals 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Smithies believes there could be ‘plenty more’ from Washington

first_imgAlex Smithies has told QPR’s website he believes Conor Washington can start to find the net regularly now the striker is finally off the mark.Washington’s deflected effort in Saturday’s 2-1 win at Fulham was his first league goal for Rangers, who signed him from Peterborough in January.“We have all been dying for Conor to score that first league goal because he works so hard for the team. Everyone can see the amount of effort he puts in,” R’s keeper Smithies said.“I think, for him, it’s just a case of getting the first one or two, and then he will crack on. Hopefully now there are plenty more to come for him.”Washington put QPR ahead in the derby at FulhamSmithies played a major part in QPR’s first victory at Fulham since 1980, saving a penalty early in the game at Craven Cottage.Sone Aluko later fired a spot-kick against the post, meaning just two of the seven penalties Smithies has faced during his time at Rangers have been scored.“I’ve always got that confidence about me when it comes to facing penalties,” he said.“I don’t know why that is, but I seem to go the right way more often than not and when I do that I expect to save it.”Is Alex Smithies in our West London Championship XI? Click here to find out. Click here for today’s QPR quiz Ads by Revcontent Trending Articles Urologists: Men, Forget the Blue Pill! This “Destroys” ED x ‘Genius Pill’ Used By Rich Americans Now Available In Netherlands! x One Cup of This (Before Bed) Burns Belly Fat Like Crazy! x Men, You Don’t Need the Blue Pill if You Do This x What She Did to Lose Weight Stuns Doctors: Do This Daily Before Bed! x Drink This Before Bed, Watch Your Body Fat Melt Like Crazy x Follow West London Sport on TwitterFind us on Facebooklast_img read more

Infrastructure boost for AltX

first_img15 March 2006The government’s multi-billion rand infrastructure spending plans are attracting growing interest from South Africa’s investment community, with the listing of two construction-related companies on AltX in the space of a month, and a third to follow close on their heels.Esor Limited, one of the country’s four largest geotechnical engineering specialists, listed on the JSE’s alternative exchange for small to medium and growing companies on 14 March.This followed construction group WG Wearne’s AltX listing on 21 February, and according to Business Day another construction-related company, PSV Holdings, is due to list in April. The government’s budgeting of a massive R372-billion for upgrading and building of new infrastructure over the next three years is set to be a powerful growth driver for South Africa’s construction industry.Added to this is the country’s preparations for hosting the 2010 Football World Cup, which will see stadiums being upgraded and new ones built, associated work on roads and airports and knock-on expansion in the hotel and leisure industry.Investor confidence in both Esor and WG Wearne was evident, with the latter listing at almost double the price of its earlier 100c a share private placement.In the case of Esor, 5.3-million shares changed hands within two hours of listing, in 320 transactions with an aggregate value of R10.2-million. The share hit an early high of over R2.05 after a strong debut on the exchange at R1.83, giving the company a market capitalisation on listing of R219.6-million.Esor is celebrating its thirtieth year of profitability, with projected revenue to February 2006 of R117.3-million, up 17% on 2005, expected to yield a net profit of R11.9-million.“Esor’s net profit forecast for 2007 of R15-million is underpinned by an order book for the current financial year that is already healthy,” CEO Bernie Krone said in a statement issued by AltX.The company’s new contracts span a range of projects, including an R8.5-million municipal stormwater outfall pier at Umhlanga in KwaZulu-Natal, a R7.5-million project on the Delft-Gateway Collector Sewer in Cape Town, and a R4.5-million piling contract for luxury residential units in the Zimbali Coastal Resort in KwaZulu-Natal.Krone said Esor’s order book could benefit from a planned new terminal at Johannesburg International Airport, as well as from construction work associated with one of government’s most profiled infrastructure projects, the Gautrain rapid rail link connecting the airport, Johannesburg and Pretoria.Noah Greenhill, head of business development at the JSE, said it was “heartening to see a company such as Esor, in the infrastructure environment, successfully taking advantage of the current growth opportunities.”A partnership between the JSE Limited and the Department of Trade and Industry, AltX gives smaller companies the opportunity to issue new shares, raise capital, widen their investor base and have their shares traded in a regulated market.Launched in October 2003 as a parallel market to the JSE, AltX is specifically aimed at fast-growing businesses, start-ups, family-owned businesses, black economic empowerment companies and junior mining companies.In its early days, when AltX comprised a handful of “transferred” listings, sceptics wrote the market off as a “junior bourse” that would soon fizzle out.Now, as Fin24 correspondent Marc Hasenfuss noted recently, “the AltX functions as a vibrant little corner of the JSE with 16 listings (and a few more in the pipeline) with a collective market capitalisation that should shift closer to the R5-billion mark in the months ahead.” reporterlast_img read more

What the Rise of Blockchain can Teach the Regulatory Environment

first_imgRelated Posts ToyBox and PlayTable Partner Together For Block… Brady FletcherManaging Director at TSX Venture Exchange Blockchain – Impending Revolution in Glob… Tags:#Blockchain#ICO#Initial Coin Offering Brady Fletcher is the managing director of TSX Venture Exchange, a public venture market. The views provided in this article reflect those of the individual author. This article is not endorsed by TMX Group or its affiliated companies. Why is Bitcoin Soaring? How Blockchain Changes Nowadays Business Security There’s a lot of speculation around whether blockchain technology will fundamentally transform the regulatory processes and requirements for companies raising money on public markets — but that may not be the best way to frame the conversation. The rise of blockchain can teach the regulatory environment.Certainly, there are aspects of the current regulatory environment that blockchain technology can enhance and make more efficient, but the notion that the existing system is obsolete and should be overhauled is a bit misleading.Capital markets have existed for centuries and have evolved to adopt new technologies as they emerged, giving companies access to the trillions of dollars held globally.How Initial Coin Offerings (ICOs) Have Changed the LandscapeInitial coin offerings — where investors and speculators can fund proposed ventures by acquiring cryptocurrency tokens — are the reason many people started paying attention to blockchain’s role in public markets. Because there are certain similarities between buying tokens to fund an ICO and purchasing shares on the stock market, some people have seen the crypto market as presenting a viable alternative model of public investing and trading in a deregulated space. But does the theory pan out in practice? Probably not.In terms of minimum listing requirements, ICOs are the Wild West.There’s virtually no due diligence on whitepapers (documents that outline the specifics of a company’s product and business model). Additionally, allegations of price manipulation of ICO tokens run rampant. Take a look at the case of so-called FOMO coins and pump-and-dump schemes. On top of that, investors may be misled to believe that tokens represent equity ownership versus rights to future business profit.If anything, there should be more regulation in this space so investors can make informed choices before they buy into an ICO.The conversation around public trading and blockchain demonstrates that there’s a sizable portion of new market participants who believe that regulation — in its current form — has become too cumbersome.In this regard, ICOs are not being touted as a disruptive new model that will improve regulation and compliance; they’re simply being chosen as a last resort by individuals disillusioned with the present system.Beyond the Hype Lies a Legitimate ComplaintIn many ways, ICOs have essentially become a way for companies and entrepreneurs to boycott what they perceive to be regulatory excess. It’s a protest movement, and capital markets should try to recognize why people are boycotting and adjust to these new realities — because they do raise some interesting questions.Should disclosure obligations be lighter?When was the last time an investor read 10 pages of risk factors put together by the firm’s legal team? And do we need quarterly financial reporting, or would the latest balance sheet and burn rate be enough? How could blockchain technology automate the dissemination of this information to stakeholders? Furthermore, if investors are willing to lay down tens of millions of dollars based on nebulous ICO proposals, is it necessary for a company to prepare a full-blown prospectus?Changes Are Coming — but They Won’t Be as Big as You ThinkRegardless of how listing regulations could or should be changed, there’s no question that they continue to play a vital role. The various listing processes, company disclosures, and due diligence requirements may seem tedious, even daunting. But these measures are necessary for anyone who wants to sell interests in a business — legally, ethically, and economically.That’s because there’s a good reason why the global equity markets amount to more than $250 trillion while the crypto market is only at $175 billion. The rigor of the listing process means that savvy investors can have confidence in the integrity and authenticity of listed companies. The rigorous listing process is not accurate for ICOs.That said, regulatory bodies aren’t shying away from bringing ICOs and other digital trading into the fold.The U.S. Securities and Exchange Commission recently rolled out its Framework for “Investment Contract” Analysis of Digital Assets, which determines whether a digital asset should be treated as a security under federal law. The way a digital asset is legally handled — under the law — could open the door to publicly listed companies considering security tokens and ICOs as alternative funding structures when they’re looking to raise money for research and development, for instance.Regardless of how commonplace ICOs might become for investors, today’s global equity capital markets aren’t going anywhere.They’ll continue to grow and embrace new technologies. Just think about how they’ve gone from physical trading floors to automated trading of dematerialized, ledger-based securities in a few short years. It’s logical to assume that blockchain-based solutions — such as having investors’ identities prebuilt into a distributed ledger for regulators to query easily — will be adopted in time. But that doesn’t dramatically change the regulatory and listing requirements. It simply makes them more efficient.Potential Benefits of Blockchain Technology Within Public MarketsThere are other inefficiencies that blockchain could address. For instance, the onus is currently on investors to keep track of sources — such as antiquated disclosure mechanisms, news feeds, and company websites — for the most up-to-date information on the securities they hold.Blockchain could be useful in automating this process, making life easier for both investors and regulators. By providing improved access to information on a distributed ledger shared by all stakeholders, it also has the potential to streamline activities such as assigning shareholder proxies and voting on boards.Blockchain could improve regulation is insider reporting, which has traditionally operated on the honor system.Participants are technically required to disclose their activity within a limited time frame through platforms like the System for Electronic Disclosure by Insiders — or SEDI — but any sort of accountability is limited. A distributed ledger could change this by automatically tracking and validating beneficial ownership and reporting on any insider trading, bringing increased compliance with these regulations.With its transparent reporting and immutable records, some people speculate about the potential for blockchain to streamline Know Your Client requirements, which protect both investors and advisors. However, I don’t believe distributed ledger technology is necessarily the solution for this.If we had an open banking system and privacy laws that permitted firms to talk to each other, for example, then it would be easy to view and verify an investor’s financial information — regardless of whether it was on a distributed ledger. Whether this is feasible (or desirable) is an entirely different debate.What Regulation Looks Like TomorrowFor companies seeking financing or liquidity for existing investors, the global equity capital markets remain the deepest, most liquid pool of capital. As new technologies emerge, we’re bound to see the equity capital markets evolve as they have since their inception, and blockchain is no exception.I expect that blockchain technology will provide new platforms on which these markets can operate — providing transparency, efficiency, and innovation to companies, shareholders, and regulators alike.ICOs may have come on the scene as a deregulated, controversial way for companies to attract investors, but they raise important questions for companies looking for funding and public exchanges alike.While ICOs might be more in line with an Indiegogo campaign than traditional financing, they represent an attractive alternative funding structure that could facilitate early-stage projects and more. On the regulatory side, exchanges and securities regulators should learn from ICOs and why they appeal to companies and investors to ensure that the benefits of listing and accessing the global equity capital markets outweigh the burden of regulation and disclosure.In the shorter term, regulators can look to blockchain technologies for the situations I mentioned before: disseminating information, streamlining proxy management, and tracking insider activity and beneficial ownership. I believe these and other changes will come about as global equity capital markets continue to graduate to more advanced technologies.last_img read more

Tarun Tahiliani’s IBFW collection marks a new bridal trend

first_imgAce designer Tarun Tahiliani broke the convention by unfurling his black bridal ensemble on the opening day of the sixth edition of the BMW India Bridal Fashion Week (IBFW) 2014 Thursday.”I love black. It’s timeless,” the designer told reporters at DLF Emporio, where the four-day fashion extravaganza is being held.Combining Indian craftsmanship and western clothing, Tarun Tahiliani showcased his opulent Mughal-themed wedding collectionApart from black, the models also spread a plethora of unconventional colours on the ramp when they sported Tahiliani’s creations in colours such as white, bronze, gold and champagne.If the designer experimented with colours, his choice of jewellery was ‘zara hatke’ with models sporting ‘mangtika’ modified into ‘mohawk’ on their foreheads.The line was a melange of home-grown craftsmanship perfected over generationsThe sheer silk and tulle made the ensemble light. With lot of draping techniques used, the Modern Mughals collection, consisting of lehengas, jackets, anarkali kurtas and more, ensured ease of movement.For the menswear line, he associated with London-based brand Whitcomb & Shaftesbury.Tahiliani feels “grooms are taking equal interest. It is the age of metrosexuals”, hence the experiment.The sherwanis and bandhgalas in gold, deep orange and more will surely lure the would-be grooms.The ‘kamarband’ lent drama to sherwanis.last_img read more

Surging Painters wrest top spot

first_imgUS judge bars Trump’s health insurance rule for immigrants “Another good win for us. Phoenix came back …  They didn’t stop. That’s probably why they’re on the top: they never give up.  They fought their hearts out,” said coach Caloy Garcia after pinning a first loss in six games on Alas and his Fuel Masters.With James Yap struggling all night, it was Kris Rosales who made the most impact. He fired 16 points to tie his career-best scoring output.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption charges“James wasn’t as lucky, but other players stepped up,” Garcia said of the veteran, who has been crucial in Rain or Shine’s previous victories.   “Today it was Kris in the beginning.  We had a good start and our bigs in the end were the factors in the end—when Raymond (Almazan) got that rebound, even Beau (Belga) was setting good screens.”Belga also had 16 points to go with nine rebounds and seven assists.  Almazan accounted for 13 in the affair, four of which coming in the extra period. Rain or Shine center Raymond Almazan beats three Phoenix players for the loose ball. Photo by Tristan Tamayo/INQUIRER.netLouie Alas regarded Rain or Shine the next hottest team to his Phoenix Pulse.On Sunday night, the Elasto Painters turned that around, carving out a 98-94 decision in overtime against the Fuel Masters in the PBA Philippine Cup curtain-riser at Smart Araneta Coliseum.ADVERTISEMENT D-League opener pits UAAP champ Ateneo versus Go for Gold Sports Related Videospowered by AdSparcRead Next In the nightcap, Arwind Santos was on fire all night while Terrence Romeo mounted his best scoring performance in a San Miguel uniform as the Beermen made mincemeat of sister team Magnolia Hotshots, 113-92.Santos paced San Miguel with 29 points while Romeo had 23 more as the four-time defending champion improved to 4-3.Magnolia has yet to win in two starts.Rain or Shine, now flaunting a league-best 6-1 record, takes on the Hotshots on Feb. 13 before the league takes a break for the national team which resumes its bid in the Fiba World Cup qualifying matches on Feb. 21 and 24.Phoenix, which dropped to No. 2 with a 5-1 slate, takes on NorthPort when  the tournament resumes on Feb. 27.ADVERTISEMENT Grace Poe files bill to protect govt teachers from malicious accusations MOST READ PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss SEA Games hosting troubles anger Duterte LATEST STORIES Oil plant explodes in Pampanga town Oil plant explodes in Pampanga town Private companies step in to help SEA Games hosting ‘We are too hospitable,’ says Sotto amid SEA Games woes View comments Jason Perkins also had the finest scoring performance of his young career, pouring in 27 points and grabbing nine boards for Phoenix.Calvin Abueva and Matthew Wright both chimed in 16 including a couple of crucial plays in the fourth period, but they fell flat when it mattered.Garcia lauded his wards who made significant contributions in the tussle.  But his words of praise came with a warning: They could not take their next assignment lightly.“We play Magnolia on Wednesday and it’s going to be difficult because we know throughout the conference, they’re only going to get better,” he said.First Game:RAIN OR SHINE 98—Belga 16, Rosales 16, Ahanmisi 13, Almazan 12, Nambatac 10, Norwood 8, Torres 6, Borboran 5, Maiquez 4, Daquioag 4, Yap 2, Mocon 1, Ponferada 1.PHOENIX 94—Perkins 27, Wright 16, Abueva 16, Mallari 12, Jazul 7, Kramer 6, Mendoza 5, Marcelo 3, Napoles 2, Dennison 0, Chua 0, Revilla 0.Quarters: 24-20, 45-36, 70-61, 87-87 (reg.), 98-94 (OT) Don’t miss out on the latest news and information. ‘We are too hospitable,’ says Sotto amid SEA Games woeslast_img read more