zoom Athens-based Diana Shipping Inc. has through a separate wholly-owned subsidiary taken delivery of the m/v Santa Barbara (formerly Hull No. BC18.0-51), a 179,426 dwt newly built Capesize dry bulk vessel that the company entered into an agreement to purchase in December 2014.The company has also entered into a time charter contract with Vroon Dry Cargo Chartering B.V., Breskens, for one of its Post-Panamax dry bulk vessels, the 98,704 dwt m/v Polymnia. The gross charter rate is USD 7,500 per day, plus USD 237,500 ballast bonus, for a period of minimum nine months to maximum thirteen months. The charter is expected to commence on January 17, 2015.Diana has also made arrangements with Glencore Grain B.V., Rotterdam to charter one of its Panamax dry bulk vessels, the 75,106 dwt m/v Danae. The gross charter rate is USD 7,650 per day, for a period of minimum eleven months to maximum fourteen months. The charter is expected to commence on January 16, 2015.Including the newly delivered m/v Santa Barbara, Diana Shipping Inc.’s fleet currently consists of 40 dry bulk vessels (2 Newcastlemax, 12 Capesize, 3 Post-Panamax, 3 Kamsarmax and 20 Panamax).The company also expects to take delivery of two new-building Newcastlemax dry bulk vessels and one new-building Kamsarmax dry bulk vessel during the second quarter of 2016.
Francis Pegahmagabow went to a recruitment office almost immediately after war was declared in 1914.The Ojibwa sniper from Wasauksing First Nation of Parry Island would serve with the 1st Infantry Battalion and went on to become one of the most decorated soldiers in the First World War.When he returned to Canada, his reputation as a brave soldier counted for very little and he didn’t receive the same rights or benefits as his white comrades.“They’d gone from being a soldier to just an Indian again,” said Scott Sheffield, associate professor at the University of Fraser Valley and author of a report on First Nations veterans that prompted a federal government apology in 2003.Indigenous people were part of every 20th-century conflict Canada was involved in and served in the Canadian military at a higher per-capita rate than any other group.About 4,000 First Nations men served in the First World War. After the armistice of Nov. 11, 1918, they returned to Canada still unable to vote and largely shut out of the meagre benefits on offer.Although veterans were eligible to borrow money through the government for farm land, it was almost impossible for First Nations veterans to qualify.“Worse than that, around 80,000 acres of reserve land that was good for farming was actually taken away from reserves, mostly in the Prairies, and largely given to white settler veterans,” Sheffield said.That didn’t stop Indigenous people from taking up the call again when Canada joined the Second World War — about 4,300 enlisted.Thomas (Tommy) Prince, a member of the Brokenhead Ojibwa Nation in Manitoba, enlisted in 1940 and eventually was assigned to the Canadian-American First Special Service Force, known as the Devil’s Brigade. He became a legendary sniper, was awarded multiple medals and also served in the Korean War.Back in Canada, Prince ended up living in shelters and on the streets of Winnipeg until his death in 1977.After the Second World War, Indigenous veterans couldn’t get information from trained veterans affairs counsellors, and had to go through their Indian agent. It was difficult for them to connect with non-Indigenous comrades because they weren’t allowed in legion halls.They were also unable to get a loan-grant combination that helped veterans set up careers and businesses.But Indigenous men and women continued to enlist and serve in the military — from NATO duties during the Cold War to more recent tours in Afghanistan.Now an effort is underway to honour their sacrifice.Randi Gage, a Saginaw Chippewa from Michigan and a United States army veteran, organized the first Aboriginal Veterans Day in Manitoba in 1993. She wanted a day to honour them in their own communities but still allowed them to gather for Remembrance Day ceremonies.Nov. 8 was chosen because the number turned sideways is the Metis infinity symbol and it’s connected to some First Nations teachings, Gage said. She wrote letters to communities and veterans organizations to spread the word about the event.“Most of the letters came back the most racist, disgusting: ‘What the hell do you think you are doing?’, ‘What makes you so special?’” she said.But the event went ahead with a handful of veterans.The next year, National Aboriginal Veterans Day was inaugurated by Winnipeg’s city council. Gage said thousands of people attended to honour Indigenous veterans.“To see the pride in those guys, it still gets me today,” she said, starting to cry. “It started the discussion. It started people talking.”The 25th Aboriginal Veterans Day is being celebrated Thursday but Gage said there is still more work to do.The federal Standing Committee on Veterans Affairs has launched a study of benefits for Indigenous veterans.Veterans Affairs said in an emailed statement it is committed meeting the needs of Indigenous veterans and is talking to Aboriginal groups to determine the way forward.Meanwhile, the Canadian War Museum in Ottawa is holding a photographic exhibition, presented by the Embassy of Belgium, to celebrate the diversity of those who fought for the Allied effort. It includes images of Maori soldiers from New Zealand, Sikhs from the Indian Army Corps, and a photo of Indigenous recruits and elders from File Hills, Sask.A photo of Inuk sniper John Shiwak, who died on the battlefield in 1917, also hangs on the wall.Peter MacLeod, the museum’s director of research, said he hopes it changes the perspective of people who fought in the First World War.“There is a huge story there about the diversity of the Canadian corps and the war effort in general,” he said. “This exhibition … makes Canadians a bit more aware of the diversity in our country’s history and the contribution that all groups have made to Canada.”
H&M Hennes & Mauritz AB, one of the world’s largest fashion retailers known for fashion and quality in a sustainable way, celebrates their ongoing partnership with Global Citizen.2015 Global Citizen Festival Shirt designed by Ed SheeranCredit/Copyright: Greg MarinoBeginning September 3rd, H&M and Global Citizen team up to launch an exclusive t-shirt designed by artists Coldplay and Ed Sheeran in support of the movement to end inequality, ensure environmental stability and to end extreme poverty by 2030.2015 Global Citizen Festival Shirt designed by Chris Martin of ColdplayCredit/Copyright: Greg Marino“I’m really excited to be a part of this exclusive line with H&M and Global Citizen to unite global citizens and get us a step closer to ending extreme poverty!” said Ed Sheeran.This year H&M is making it simple for customers to earn free tickets to the Festival by taking action to gain their admission with the purchase of the t-shirts and recycling garments in store. The exclusive Global Citizen Festival t-shirts, which are made completely of sustainable materials, will go on sale for $9.95 at all H&M locations nationwide with 25% of sales donated to Global Citizen.To mark the partnership, H&M also urges its customers to close the loop in fashion, by donating gently used clothing to be recycled at any H&M location from August 26th to September 17th. Through this initiative, fashionistas and global citizens alike can earn action points to win Festival tickets and join H&M in the journey toward global environmental stability by securing a more sustainable fashion future.Global Citizen, an organization with the goal of creating a lasting movement to extreme poverty by 2030, has for the second consecutive year partnered with H&M, to host the 2015 Global Citizen Festival. This free-ticketed event takes place on New York City’s Great Lawn in Central Park on Saturday, September 26th featuring Pearl Jam and Beyoncé along with Coldplay and Ed Sheeran. This year, the Festival will channel millions of global citizens lending their voices to shape the United Nation’s new Global Goals, the road map to how the world can end inequality, ensure environmental stability, and end extreme poverty by 2030. For more information, visit globalcitizen.org.
APTN National NewsOttawa police are looking for an Inuk woman and her five-week-old son. The two have been missing since Friday and police say her family is concerned for their well-being.Madeline Atagootak, 20, and her son Elijah were reported missing Friday evening. She was last seen in the area of Somerset Street East around noon.Atagootak is described as 5’2″ (157 cm), 115lbs (52 kg) with brown hair past her shoulders. There was no clothing description available.If you know where Madeline and Elijah currently are, please immediately contact Ottawa police dispatch at 613-230-6211.If you have information that could assist investigators, but do not know where he is currently, please contact the Missing Persons Unit 613-236-1222, ext. 2355 between 8:00 am and 4:00 pm, daily.Anonymous tips can be submitted by calling Crime Stoppers toll-free at 1-800-222-8477 (TIPS), or by downloading the Ottawa Police app.
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,073.58, down 3.07 points)Aurora Cannabis Inc. (TSX:ACB). Health care. Up 35 cents, or 5.77 per cent, to $6.42 on 13.3 million shares.IC Potash Corp. (TSX:ICP). Agriculture. Down one cent, or 14.29 per cent, to six cents on 8.1 million shares.Canopy Growth Corp. (TSX:WEED). Health care. Up 99 cents, or 5.39 per cent, to $19.35 on 4.4 million shares.Silver Bull Resources Inc. (TSX:SVB). Miner. Up four cents, or 27.59 per cent, to 18.5 cents on 4.3 million shares.Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 14 cents, or 3.66 per cent, to $3.96 on 4.1 million shares.Katanga Mining Ltd. (TSX:KAT). Miner. Down 11 cents, or 10.38 per cent, to 95 cents on 3.8 million shares.Companies reporting major news:Metro Inc. (TSX:MRU). Grocer. Down 52 cents, or 1.25 per cent, to $41.03 on 458,818 shares. Metro is looking to expand its online grocery offerings to Ontario next year as the food retailing industry ramps up e-commerce options for shoppers. The company already offers “click and collect” in seven stores and home delivery service in Greater Montreal, Quebec City and Gatineau, Que., covering 60 per cent of the population of Quebec, Metro CEO Eric La Fleche said Wednesday.
Despite oil prices hitting a four year high this week, they are expected to decline again in the second half of 2018.The latest outlook from Deloitte says increased OPEC production and reduced demand are to blame.Deloitte’s Andrew Botterill says increased drilling in the U.S. is another factor.“We’re in a really high driving season right now so consumption is at its very highest in these summer months and usually softens when we get into fall,” he said.But he expects prices will stay relatively firm.Botterill adds the good news is the gap between West Texas Intermediate and Western Canadian Select is closing.“We do expect that to be the case here through the summer, as I said, consumption is really high in the summer with a lot of driving and a lot of transportation going on, we do expect to see those things drop and be at the levels they are now,” he explained.It’s important for producers to keep that gap tight, but Botterill says it will likely widen again in a few months.
WTO’s global framework provides essential stability to the vast and often fragmented trading world through crucial agreements concluded by all its signatories. It is essential then that WTO norms are unbiased, reflecting negotiated consensus despite existing disparities, which, otherwise, will adversely affect global trade. Therefore, it is WTO’s responsibility to ensure that no nation is mistreated on trade lines due to low resources or other inherent disadvantages in comparison to powerful nations. Mindfully, WTO has three categories viz. developed countries, developing countries and least-developed countries (LDCs). Provisions are enshrined in WTO agreements to protect developing countries and LDCs. Though developing nations and LDCs depend on developed counterparts such as the United States, Japan, EU for trade, aid and even security, their formal participation in WTO paves for them a path towards prosperity. A recent US proposal to WTO has stressed on rescinding provisions extended to a few developing nations in favour of those member countries that find integration into the WTO-supervised multilateral trading system complicated. The US cited how these few developing nations have made significant strides in economic progress – are a part of G20 or OECD or are classified by World Bank as High-Income Countries – denoting that they do not require Special and Differential Treatment (S&DT). Hence, it is in the US’s moral interest to apprise WTO that countries like China and India are better off without S&DT while reinforced provisions should be provided to countries in grave need (LDCs) such as Burundi, Mauritania, Myanmar, Zambia and more. The good Samaritan in the US has poked the WTO to cease its provisions to China, which is a G-20 member and accounted for almost 12 per cent of global merchandise trade from 2015-2017; South Korea, which is an OECD member, a G-20 member, and is listed as a “high-income country” by the World Bank; Singapore, which is another “high-income country” and accounted for nearly 2 per cent of global merchandise trade. While the US’s concern is plausible, its unilateralism irrationally provokes targetted nations, especially as it presents suggestions to WTO, which happens to be a regulator of multilateral trade. S&DT constitutes greater flexibility in the application of commitments and use of policy instruments with an added obligation on developed countries to treat developing countries more favourably. In fact, S&DT aims to uplift poor farmers in developing countries through subsidies at the ground level. S&DT provisions are grouped into four categories: Longer time periods for implementing agreements and commitments; Measures to increase trading opportunities for these countries; Provisions requiring all WTO members to safeguard trade interests of developing countries; Support to help developing countries build infrastructure for WTO work, handle disputes and implement technical standards. Further, some WTO agreements also constitute special privileges for LDCs, including longer timeframes or exemptions from commitments. The fact that countries self-declare their status to WTO and, hence, fall in the ambit of S&DT has irked the US. It wants WTO to retract such members that are developing but do not remain in need of S&DT. It is rather arrogant on US’s part to decide whether or not such countries require S&DT. Coming from a developed nation like the US, such a demand directly impinges on a developing nation’s attempt to rise more than proffering altruistic support for LDCs. Sitting atop the global economy, the US’s stance over restricting S&DT provisions to India, China, South Korea presents another moment to realise its long-practised propensity for dominance. Also Read – A strong standpointThe two-day ministerial meeting of 23 WTO member countries, which concluded with the Delhi Declaration on Tuesday at New Delhi, stressed on two key issues involving the US – first, finding a resolution at the earliest to the deadlock over appointment of member countries to WTO’s appellate body that will ensure robust functioning of WTO’s dispute settlement mechanisms which have been stalled by the US; second, the preservation of flexibilities offered to developing countries and LDCs under S&DT which are guaranteed rights under WTO norms. The declaration was signed by 17 of the 22 participating countries, while five others — Kazakhstan, Turkey, Argentina, Brazil, and Guatemala — did not sign on technical grounds. A classic authoritarian move by the US has urged prominent developing nations to gather and voice their dissent in a proxy democratic argument which only WTO can resolve. Terming it “an unconditional right”, India’s ambassador to WTO, J S Deepak, asserted that “India will continue to use such S&DT flexibilities in existing and new agreements. His words reverberated across the 17 signatories to the Delhi Declaration who explicitly stated their dissent over US’s draft general council decision outlining ‘procedures to strengthen the negotiating function of the WTO’.
24 March 2010The first decade of the new millennium was the warmest on record, the United Nations weather monitoring agency has announced. “The decade of the 2000s was warmer than the decade of the 1990s, which in turn was warmer than the 1980s,” said Omar Baddour, Chief of the Data Management Application Divisions at the World Meteorological Organization (WMO).The new findings are part of the WMO Statement on the Status of the Global Climate, an annual survey by the agency about the weather and climate change.The decade between 2000 and 2009 included one of the warmest years on record – last year, which was the fifth hottest year since records began.“The current nominal ranking of 2009 places it as the fifth-warmest year since the beginning of instrumental climate records [in 1850],” Mr. Baddour said yesterday.Last year also brought extreme weather, ranging from devastating droughts to severe floods, extreme heat waves and cold waves, in many parts of the world, according to the newly released WMO Statement on the Status of the Global Climate. The Southern Hemisphere was particularly warmer than the long-term average, while the Northern Hemisphere cooled at the end of 2009 with heavy snowfall in Europe, North America and northern Asia. The information is based on climate date from a network of data collected from some 10,000 land stations, 3,000 aircraft, 1,000 upper-air stations and 1,000 ships and nearly 70 satellites.The statement’s release coincided with the 60th anniversary of the Geneva-based WMO, which yesterday marked the event by honouring the 189 members’ National Meteorological and Hydrological Services (NMHS).
Facebook Twitter: @NeosKosmos Instagram When Neos Kosmos called for photos of amazing Epitaphs from around Australia, we got more than what we bargained for. Thanks to all our readers who sent us photos from Holy week. Here’s a selection of some of these.Amazing Epitaphs Happy little myrh bearers and the altar boy Lefteri at Agia Triada Church, Footscray. Photo: Antonio VanikiotisLisa Ladies sent us the beautifully-decorated Epitaph from St George, ShepartonWe received Easter messages from as far as Florina, with Yiannis Papadimitriou sending us a photo of the beautiful Epitaph of Ammochori, Florina. northwestern Macedonia. Red Hill, by Elias Eracleous.St. Nektario’s Church, Montreal, Canada, sent to us by Billy Markoglou.Happy little myrh bearers and the altar boy Lefteri at Agia Triada Church, Footscray. Photo: Antonio VanikiotisSt Anna’s Greek Community on the Gold CoastLarge crowds attended Holy Week services at St Anna’s Greek Community on the Gold Coast. Events culminated with the Easter Service conducted by Father Roman on Sunday, 28 April 2019.The service was followed by a traditional Easter luncheon at the Hellenic Function centre. Over 270 parishioners attended the event. Special guests on the day were Gold Coast Mayor Tom Tate and his wife, Mrs Ruth Tate. Over the years the mayor and his wife have been strong supporters of our Greek Community on the Gold Coast.Industry and Technology Minister Karen Andrews also attended the service.The Main Committee and the Ladies Auxiliary and numerous volunteers spent days preparing for the Easter luncheon with traditional cuisine that included lamb on the spit.George & Nick “Opa” were responsible for the entertainment.Greek Australian school kids playing ‘tsougrisma’ with the red eggs1 Sunday serviceCommittee members and volunteers preparing the lambs.Mayor Tate reading the bible in EnglishThere was plenty of dancingGreek School children presenting flowers to Mayoress Ruth TateGreek Australian school kids playing ‘tsougrisma’ with the red eggs Springvale ChurchFrom the service at Springvale church, blessing the relics of St Athanasios on 1 May. Photos by Kostas Alaveras.
When you buy a video card with 4GB of RAM, you would naturally expect it to actually have 4GB of usable RAM. That was not the case with the Nvidia GTX 970. This card, which was released almost two years ago, used an unusual new memory management system that gave it access to only 3.5GB of the 4GB physically present on the card. Consumers were not amused, and a class action lawsuit was filed. Nvidia has resolved the case today and will be paying all GTX 970 buyers $30 for the trouble.With the GTX 970 and other Maxwell architecture cards, the company adopted a new way of disabling bad L2 cache blocks, and the division of memory is a logical extension of this. The total L2 cache was lower than originally reported by Nvidia, too (1.75MB vs. 2MB). There are eight memory controllers in the 970, but the GPU has access to just seven of them at a time. Nvidia’s solution to this was to tell the GPU to only use 3.5GB of memory and reserve that last half a gigabyte.With less effective memory, the GTX 970 would clear data from its video RAM more aggressively than the GTX 980. That card was significantly more expensive, though. Nvidia says the whole unpleasant situation was just a miscommunication between engineering and marketing. Thus, it wasn’t the company’s intention to mislead consumers.The total amount of the settlement was not disclosed, but it’s believed to be someplace in the neighborhood of $1.3 million total. Individual consumers who purchased the GTX 970 will be contacted in the coming weeks with instructions on how to file a claim. The card launched at $329 in 2014, so this brings the effective price down below $300. I guess that’s what half a gig of RAM is worth.
Patrick Timm is a local weather specialist. His column appears Tuesdays, Thursdays and Sundays. Reach him at http://patricktimm.com. Finally, on Saturday we had some strong, gusty winds from off the ocean bringing that 50-degree ocean water temperature inland. A few sun breaks helped, as well. It sure felt like spring, didn’t it?Most snow has melted away at lower elevations, except in the foothills where the melting snow is taking a slower course. Freezing levels remain low. Another storm drops in today for heavy mountain snow and later on, more foothill snow. Late tonight and early Monday morning we could see some snowflakes in the air at low elevations. Nothing expected to stick unless on grassy surfaces.The remainder of the week looks cool and damp with plenty of new snow in the mountains, including the higher coast range peaks. No snow is expected in the lowlands.Weather watcher Ellen Smart above the Ridgefield Wildlife Refuge reported the frogs were still croaking the other day when it was snowing and 31 degrees. She also said the robins lingered all winter due to mild temperatures. I bet they wish they were a few miles south where it was warmer this past week!Saturday was the first day since Tuesday to have afternoon temperatures get out of the 30s. It’s about time, I would say. Vancouver had a record-breaking low of 20 degrees Wednesday morning. The old record of 23 degrees was set in 1975. Western Washington saw dozens of record cold temperatures this past week.
France midfielder Blaise Matuidi praised Didier Deschamps’ tactics in their 2-1 win over Germany in the Nations League on Tuesday.Germany took a deserved lead at the break thanks to Toni Kroos’ penalty as they dominated the first half at the Stade de France.However, Les Bleus fought back thanks to Antoine Griezmann who got the equaliser with a fine glancing header, before sealing the win late on with a contentious penalty.Mats Hummels’ attempted sliding challenge on Matuidi was deemed as a soft penalty from many despite the ref pointing to the spot.Top 5 Bundesliga players to watch during the weekend Tomás Pavel Ibarra Meda – September 11, 2019 With the international activity cooling down for the next month, we go back to the Bundesliga’s Top 5 players to watch next weekend.The German…Nevertheless, Matuidi is convinced France deserved it and he paid tribute to Deschamps.“We spoke at half-time,” the Juventus midfielder told FourFourTwo. “The coach told us what he had to say and so did we [the players].“The coach was very good tactically and we were better in the second half with a three-man midfield.“We played better without the ball and they started losing their grip too after we equalised. It’s about confidence. They [Germany] lack it right now and we have plenty of it.”
SAN DIEGO (KUSI) – A man was fatally shot just outside his family’s home in the Paradise Hills community of San Diego, a police lieutenant said today.The shooting occurred around 10:35 p.m. Friday outside a home in the 2400 block of Calle Gaviota, said Lt. Anthony Dupree of the San Diego Police Department. Dupree said the shooting victim’s family reported to police that the man went outside the home, and a short time later, relatives heard gunshots.Family members went outside and saw the victim down. A witness reported seeing a man wearing dark clothing running from the area after the shots were heard, Dupree said.Paramedics took the man to a hospital, where he was pronounced dead, he said.The San Diego Police Department asked anyone with any information regarding the shooting to call them at 619-531-2293. Categories: Local San Diego News FacebookTwitter Posted: July 6, 2019 Man fatally shot outside his San Diego family home KUSI Newsroom KUSI Newsroom, July 6, 2019 Updated: 2:34 PM
WILMINGTON, MA — Below is an announcement from Wilmington Community Television’s Executive Director Shaun Neville:With so many great causes and dedicated people across town, it can sometimes be hard to keep track of just how many organizations are making a difference in Wilmington. From helping in the schools to assisting retirees; finding support for substance abuse issues as well as those with physical disabilities. Add in the folks who help run big Wilmington events and town departments, and you’re up to dozens of groups.WCTV seeks to bring these people together for a special night that we’re tentatively calling “Organization Night”. On Wednesday, November 28th, WCTV will host a live 2 hour program (Comcast 9 / Verizon 37) featuring dozens of community leaders and organizers who make Wilmington a great place to live.Not only will this program inform viewers about the various groups that are around town, but it will also offer details on how you can support their mission, whether it be monetary contributions or through volunteer work.We’ve already begun calling town organizations to participate in this event, but won’t be able to fit all of them in that night. If you belong to a local organization and haven’t yet heard from us, contact Lisa Kapala (firstname.lastname@example.org) and we’ll figure out a way to either record a short 1-minute PSA with your group ahead of time or at least get some details on your group to include that evening.Our goal is to connect our community through this special live event, educating the public about all the good that is going on in the town of Wilmington.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email email@example.com.Share this:TwitterFacebookLike this:Like Loading… RelatedNews & Notes From WCTV: WCTV Executive Director Shaun Neville Answers YOUR QuestionsIn “Community”VIDEO: WCTV Releases “Wilmington Remembers”: A Documentary About Mid-20th Century WilmingtonIn “Videos”News & Notes From WCTV: Learn About A Bill At The State House That Will Help WCTV & Other Local Access TV StationsIn “Community”
Indian stock markets are likely to correct on Monday in response to weak retail inflation and factory output, or index of industrial production (IIP) data released on Friday after trading hours.The benchmark indices — S&P BSE Sensex and NSE Nifty — posted huge losses during the week, with the Sensex registering its worst weekly fall in seven years, since October 2009. The Sensex lost 1,631 points or 6.62 percent to close at 22,986, while the broader Nifty shed 508 points or 6.79 per cent to settle at 6,981. On Friday, the government released data that showed retail inflation hitting a 17-month high of 5.69 percent in January 2016 as a result of high food prices, though it was below the Reserve Bank of India’s (RBI) target of 6 percent.Food inflation was 6.85 percent as against 6.40 percent in December.Factory output, or IIP, contracted for the second straight month in December at 1.3 percent after shrinking 3.2 percent in the preceding month. A few days ago, the government estimated the third quarter GDP growth rate at 7.3 percent and the projection for FY2016 at 7.6 percent.These were the last set of retail inflation and IIP numbers before the presentation of the Union Budget for FY2017 by union Finance Minister Arun Jaitley on Feb.29. Both global and domestic investors would be watching for commitment to fiscal consolidation and reforms by the Modi government.Tata Motors, Bharti Airtel, M&M, Axis Bank and NTPC were the top Sensex gainers on Friday, while BHEL, Adani Ports, ONGC, Hindalco and L&T lost. The day also saw many stock hitting a new 52-week low in the aftermath of global sell-off and weak corporate earnings.Stock that plunged to a new-year low included Mahindra, Indian Bank, Kalpatru Power, Karnataka Bank, TCS, State Bank of India, Tata Coffee, Tata Power, IDBI Bank, Canara Bank, Tata Chemicals, DLF, NMDC, ACC, ICICI Bank, REC, Nestle India, Eros International, Larsen & Toubro, Punjab National Bank, SAIL, Allahabad Bank and Bank of Baroda. Poor show by most of the state-owned banks due to higher provisioning for bad loans resulted in a drastic fall in their third quarter net profit, triggering a sell-off.Foreign institutional investors (FIIs) were net sellers of Indian equities valued at Rs 398.37 crore, while domestic institutional investors were net buyers at Rs 545.07 crore.The rupee gained 7 paise to close at 68.23 to the dollar on Friday, while gold gained Rs 850 to close at Rs 29,650.
The Islami Andolan Bangladesh on Sunday filed a complaint at the election commission of ousting its polling agents, attacks on its candidates and agents, and forcing its supporters to cast votes for ‘boat’ symbol, reports UNB.An Islami Andolan delegation led by its joint secretary general ATM Hemayet Uddin submitted a written complaint letter, signed by its general secretary Yunus Ahmed, before chief election commissioner in the afternoon.After placing the complaint, ATM Hemayet Uddin told newsmen that they rejected the election results terming the polls a farce.”The election commission played the role of silent viewer. A farce was staged in the name of election. We’re rejecting the election result,” he said.According to the recent complaints, most of agents of ‘hand fan’, Islami Andolan’s electoral symbol, were ousted from the polling stations, its supporters were forced to cast votes for boat overtly, the ballot papers ran out by 11:00am in many places, its candidates and agents came under attacks in different places and its activists were forcibly disappeared in Dhaka-6 constituencies.The Islamic party’s candidates are contesting in 298 constituencies out of the country’s 300 in the 11th parliamentary elections.
‘Traffic light’ food labels reduce calories purchased in hospital cafeteria Explore further Audi´s Travolution device lets drivers know how fast to drive to coast through an upcoming green light. The company hopes the device will improve traffic flow for all drivers. Image credit: Audi. (PhysOrg.com) — If you drive down the same roads every day, you probably know the patterns of familiar stop lights – how long they take to turn green, or when the green arrow will appear. For light-conscious drivers or anyone looking to save some fuel, Audi is developing a new device that lets you know when upcoming stop lights will turn green, and even calculates how fast you should drive in order to coast through them. Citation: Hit all green lights with new Audi gadget (2008, October 24) retrieved 18 August 2019 from https://phys.org/news/2008-10-green-audi-gadget.html The device, called Travolution, communicates with special transmitters fitted inside traffic lights up to 300 yards away. After calculating the car’s position, the in-car gadget determines how much time remains until a green light turns red, or red light becomes green. If you can safely make it through the intersection, the device displays the optimum speed on a screen in your car. In addition, if there’s no traffic nearby, the device can even make the light turn green for you. If many cars are equipped with the system, the Travolution could serve as a communications link between cars and the traffic light, causing the light to adjust its signal based on how many cars are approaching. The gadget works with any vehicle using Wireless Local Area Network (WLAN) technology, although traffic lights must be equipped with the transmitters. The Travolution system, which was originally developed by the Technical University of Munich in conjunction with the traffic technology firm GEVAS, is intended to improve traffic flow and fuel economy, and reduce pollution. It could also help in meeting new European Union emissions standards.Kate Dixon of Audi UK said that if 10 percent of cars in a city were fitted with the technology, all drivers would notice an improvement in traffic flow, mainly in reduced start-and-stop driving. However, the device would not be very helpful in extremely dense, bumper-to-bumper traffic, since drivers don´t have as much control over their speeds.During two years of trials in Ingolstadt, Bavaria, Audi equipped 46 traffic lights with the wireless transmitters. Tests showed that, in busy intersections, cars equipped with the device hardly ever had to stop on red. Audi plans to perform further tests, and did not know how much the Travolution would cost if it is ever commercialized.via: Ecogeek This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
One thing you hear repeated over and over in the economics press is that economists can’t predict recessions.This is true. The best forecasting models that economists have in their toolkit can only predict the economy about one quarter in advance. That’s not very useful — by the time a recession is only three months away, it’s too late to prevent it.But another thing you see a lot in the econ media is the idea that excessive debt leads to economic crashes. When debt is high relative to gross domestic product, we are told, the risk of a financial crisis and a recession increases. For example, many people tout China’s rising debt — now at almost 300 percent of GDP — as cause for alarm. Many hearken back to the theories of economist Hyman Minsky, who said that debt markets naturally cause booms and busts.That sounds reasonable. And in fact, there are prominent economic theories that predict that leverage creates its own cycle, generating booms and recessions. The problem is, if debt so clearly led to booms and busts, you could use the level of debt — or its rate of increase, or its rate of acceleration — to forecast recessions years in advance, rather than months. Unfortunately, that has proven devilishly hard to do.Consider the long-term debt-to-GDP ratio for the U.S.: There was a sharp rise in debt in the mid-1980s. But this rise wasn’t followed by a crash, economic or financial. Instead, debt levels paused for a few years and resumed their upward climb. If you believed that a sharp acceleration in debt was a harbinger of doom, you might have missed the boom of the 1990s.More recently, the long rise in debt levels during the 1990s and early 2000s eventually came to an end in 2008. That seemed to vindicate the people who warned about debt levels. But the boom lasted for 15 years, and even after the crisis, deleveraging was small in size and short in duration. Debt levels have started to climb again as the economy recovers. Then there is the case of Australia, where debt levels skyrocketed before the crisis but continued to increase afterward with very little economic fallout, thanks in large part to Chinese demand for natural resources.But perhaps there is a better way to use leverage to forecast recessions. Instead of looking at the amount of credit, maybe we should look at the price and the quality of credit.Economists have long used credit spreads and other asset prices as leading indicators of economic activity. But new research by economists David Lopez-Salido, Jeremy Stein, and Egon Zakrajsek of the Federal Reserve shows that credit market indicators might allow us to predict recessions as much as two years in advance.Lopez-Salido et al. base their idea on a 2013 paper by financial economists Robin Greenwood and Samuel Hanson. Greenwood and Hanson hypothesized that spreads between corporate bonds and Treasuries and the share of junk bonds in total corporate credit might be indicators of credit market sentiment.Behavioral finance has long held that changes in sentiment drive excess volatility in financial markets, causing prices to swing around more wildly than fundamentals. In stock markets, this means that price-to-earnings ratios can predict long-term stock returns to a small degree. In debt markets, credit spreads and credit quality take the place of P/E ratios as measures of the fear and greed of the markets.Lopez-Salido et al. add a third variable — term spreads between long-term and short-term Treasuries. Together, they find that the three sentiment indicators do a reasonably good job of forecasting economic activity years in advance. And they do so through exactly the channel predicted by both mainstream economic theory and by Minsky — easy credit is invariably followed by a reduction in credit supply, as lenders realize they were too greedy or optimistic and sentiment reverses. When lending dries up, the economy slows.The authors also confirm that debt levels aren’t very helpful as an additional predictive variable. It’s the price of credit, and its quality, that can predict those Minsky moments.So where do these predictors stand today? Credit spreads are somewhat high, but no higher than in 2012 — which was followed by three years of fairly robust growth.Term spreads also are not particularly high. High-yield lending increased in the last few years, especially to oil companies, but this junk lending binge has already reversed itself.So to the best of our admittedly limited knowledge, there are few recessionary clouds on the horizon — at least in the U.S.Noah Smith is an assistant professor of finance at Stony Brook University and a freelance writer for finance and business publications. For more columns from Bloomberg View, visit http://www.bloomberg.com/view© 2016, Bloomberg News Facebook Comments Related posts:US economy revives in 2nd quarter US Fed officials emphasize gradual tightening This will be the biggest question when the Fed starts raising rates China’s journey from new normal to stock market crisis epicenter
Milstead says best way to stop wrong-way incidents is driving sober YAKEL, Vanuatu (AP) — Standing under his sacred banyan tree, Albi Nagia sings as he cracks open a coconut with a few deft strikes from his bush machete. He chews the meat inside and spits it out in a shower, to the delight of the gathering chickens.He is praying to Prince Philip. Yes, that Prince Philip: the Duke of Edinburgh, Queen Elizabeth II’s husband, who celebrates his 94th birthday on Wednesday.In England, the former naval officer is known as a sports enthusiast who’s a bit cantankerous at times and prone to saying the wrong thing. To several hundred people living in a handful of remote villages on Tanna island in the tropical Pacific archipelago of Vanuatu, he’s much more. Here’s how to repair and patch damaged drywall Sponsored Stories Lamont Lindstrom, an anthropology professor at the University of Tulsa in Oklahoma, said people on Tanna traditionally talk to a variety of spirits and can increase their stature in society through storytelling and prophecy.“The people believe in everything and nothing,” he says.Lindstrom said that while the Prince Philip movement might have begun organically enough, it may have been encouraged by British officials stationed in Vanuatu who saw it as a counterpoint to the John Frum movement, which drew inspiration from France and the United States.In recent years, the Prince Philip movement may again have been bolstered by the west. Nagia and Joseph were among five locals who in 2007 were flown to England by the British reality show “Meet the Natives.” The five met Philip privately at Windsor Castle.“Meeting him was just wonderful,” says Joseph. “It’s just like being in a spiritual world.”He said the village chiefs wanted the five to ask Philip a specific question in the form of an allegory, but they ended up asking the wrong one. They asked: Was the pawpaw ripe? Joseph says Philip responded: It’s too cold in England.Joseph says only the chiefs can decipher what the allegory about the tropical fruit, also called a papaya, really means. But if he was to guess, he says, it’s that it was not yet time for Philip to visit Tanna. Top Stories Ex-FBI agent details raid on Phoenix body donation facility New Valley school lets students pick career-path academies A trickle of curious outsiders continues to visit these remote villages, which may be helping to sustain the movement and to encourage the ancient way of living. One such outsider is Jerzy Grebosz, a Polish computer scientist and nuclear physicist who often spends his vacation time living in Yakel, wearing nothing but slip-on shoes and a nambas.“For me, travel in space is obvious, I’m from Europe. But travel in time — I’m just like going back 2,000 years with this experience,” he says. “Meeting these people, talking to them, sharing their problems, helping them sometimes. You really touch the culture, inside. So I’m very happy that they considered me as a friend.”However, the one Westerner many here really want to see has never come.“Philip, your father lived there,” says Nagia, pointing to the mountain. “We came to England to visit you. You must come. We love you.”Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. 5 greatest Kentucky Derby finishes “Here in Tanna, we believe that Prince Philip is the son of our God, our ancestral God who lives up in the mountain,” says Nako Nikien, who prefers to go by the name Jimmy Joseph.Joseph said it’s become a tradition to talk, or pray, to Philip each evening, when villagers from Yaohnanen and Yakel gather in their meeting places and share an intoxicating brew made from kava plants.“We ask him to increase the production of our crops in the garden, or to give us the sun, or rain,” Joseph says, pausing. “And it happens.”Those prayers became more pressing after Cyclone Pam ripped through Tanna in March, killing at least five on the island of 30,000 and destroying homes and crops.Both Nagia and Joseph are members of the Prince Philip movement, an unusual cult that developed in a place where people still choose to live as they have for centuries, in simple thatch huts and wearing nothing but grass skirts or a penis shield called a nambas.Known as kastom, it’s a traditional way of life that’s under threat from the spread of Western civilization. Down a winding, rutted dirt track far from anywhere, people feel free to live this way, but when they make the trek to the island’s main town to sell the coffee beans they grow or buy rice, they usually put on clothes. Clean energy: Why it matters for Arizona Joseph says he believes that the spirit of Philip, who was born in Greece, comes from Tanna and that one day he will return. On that day, he says, the fish will leap from the sea and life will become eternal. He says he’s not worried that Philip is aging and may soon die.“The movement will always continue,” he says. “And, from my opinion, or from what we believe, the spirit in Prince Philip won’t die.”It’s unclear how the movement began. It appears to have grown in the 1960s as an offshoot or rival to another unusual island movement, the John Frum cargo cult. That cult began around the 1930s and got a boost when U.S. servicemen were posted to Vanuatu during World War II.Followers believe the mysterious John Frum will one day return from afar and bring spiritual and material wealth. They have adopted symbols like the American flag and once a year they march, drill-style, while carrying imitation rifles fashioned from bamboo sticks.Joseph said the John Frum movement grew at a difficult time, as elders tried to cling to traditional beliefs and prophecies but were mocked and imprisoned for them as Christianity took hold.The Prince Philip movement got a boost when Philip and the queen visited Vanuatu in 1974 on the royal yacht Britannia, although the prince never set foot on Tanna island. Elders later sent Philip a club from Tanna, and he sent them back a photograph showing him holding it, which the elders took as a further sign that he was The One. Comments Share 4 must play golf courses in Arizona In this Sunday, May 31, 2015 photo, Albi Nagia poses with photographs of Prince Philip in Yakel, Tanna island, Vanuatu. Nagia is part of a movement which worships the prince as the son of their ancestral God. (AP Photo/Nick Perry)