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Fairfax Brings Its Investment in Seaspan to USD 1 Bn

first_imgzoomImage Courtesy: Pixabay Toronto-based financial holding company Fairfax Financial Holdings Limited has agreed to invest an additional USD 500 million of equity in Seaspan Corporation, increasing its total investment in Seaspan to USD 1 billion.“Our Board of Directors and management team are excited by this transformative investment, which will further bolster Seaspan’s strategy to lead consolidation in the fragmented containership sector and capitalize on the most compelling opportunities in the shipping sector and beyond it,” David Sokol, Chairman of Seaspan Corporation, commented.The company’s consolidation push resulted in Seaspan’s acquisition of Greater China Intermodal Investments, which owns a fleet of 18 containerships, comprising 10,000 TEU and 14,000 TEU eco-class vessels. “As the global containership industry continues to consolidate, we believe owner-operators like Seaspan, with financially sound balance sheets, will have excellent growth prospects. We are excited about Seaspan’s outstanding progress over the past six months, and with David Sokol’s proven capital allocation and shareholder value creation credentials, we are thrilled to expand our relationship,” Prem Watsa, Chairman and Chief Executive Officer of Fairfax.Under the terms of the transaction, upon exercise of the warrants issued to Fairfax, in January 2019 Fairfax will acquire approximately 38.46 million Class A common shares at an exercise price of USD 6.50 per share, for a total equity investment of USD 500 million.Seaspan will issue Fairfax seven year warrants to acquire 25 million Class A common shares at an exercise price of USD 8.05 per share and amend the terms of the debentures that were issued in February 2018 and those to be issued in January 2019 to allow Fairfax to call for early redemption of those debentures.This will bring Fairfax’s total investment in Seaspan to USD 1 billion, consisting of USD 500 million of Class A common shares and USD 500 million in debentures.last_img read more

Royal Air Maroc Receives First Boeing 7879 Dreamliner

Rabat – Morocco’s flag carrier Royal Air Maroc (RAM) received its first Boeing 787-9 Dreamliner on Tuesday. The new airplane will offer more passenger seats and help the company grow its international business.The national carrier ordered four 787-9 Dreamliners from Boeing in the last two years, valued at $1.1 billion.The order included two Dreamliners purchased in December 2016 and two purchased in December 2017. The Boeing 787-9 is “a second member of the super-efficient Dreamliner family” introduced to RAM, Boeing announced in a statement Tuesday.Royal Air Maroc’s CEO and Chairman Abdelhamid Addou said, “We are particularly pleased to receive today our airline’s first 787-9, which will soon be joined by three other models from the same family.”“The choice of this airplane forms part of our strategy to continuously expand and modernize our fleet,” Addou added.The delivery of the new airplane comes a week after RAM announced it would join the oneworld global airline alliance in mid-2020. By joining oneworld global alliance, RAM will be the alliance’s first African full member and first recruit globally since 2012.“This will further strengthen our country’s and Royal Air Maroc’s leadership position on the continent,” said Addou.Read Also: Royal Air Maroc to Become Oneworld Alliance’s First African Full MemberThe larger and longer-range 787-9 will enable RAM to board 30 extra passengers for a maximum capacity of 302 seats and fly up to 14,140 kilometers farther before refueling. The Moroccan state-owned airline plans to deploy the new 787-9 on flights from Casablanca to Paris, New York, and Sao Paulo, in Brazil.“In 2015, the airline was the first in the Mediterranean to fly the 787-8, the initial Dreamliner that offered 20 percent less fuel and fewer emissions,” said Boeing.With the introduction of the 787-8, Royal Air Maroc opened a new non-stop route from Casablanca to Washington, D.C, and has plans to serve Miami starting in 2019.The Moroccan flag carrier will also receive its first 737 MAX later this month to join a fleet of more than 60 Boeing airplanes. The 737 MAX is “the latest and more efficient version of the 737 airplane.”Boeing is a joint venture partner with Morocco Aero-Technical Interconnect Systems (MATIS Aerospace) in Casablanca, which builds wire bundles and wire harnesses for Boeing and other aerospace companies. read more

Morocco EU Sign Fisheries Deal Including Western Sahara

Rabat – Morocco and the European Union signed the fisheries agreement today in Brussels. The agreement, which replaces one that expired in July 2018, sets out the conditions of access for EU vessels in Moroccan waters and lays down requirements for sustainable fishing.Permanent Representative of Romania to the EU Luminita Teodora Odobescu signed the agreement in Brussels today in her role as head of the EU presidency for Romania and on behalf of Joao Aguiar Machado, the director general of the European Commission’s Directorate General for Maritime Affairs.Read Also: Western Sahara: Everything You Should Know About Morocco’s Autonomy PlanMoroccan Secretary-General of the Maritime Fisheries Department Zakia Driouch also attended the signing ceremony of the agreement, according to Maghreb Arab Press (MAP). The agreement covers the fishing area from parallel 35 to parallel 22, from Cap Spartel in northern Morocco to Cap Blanc in southern Morocco, including the waters off Western Sahara.Read Also: Biadillah: Morocco Can’t Sign Fisheries Deal Excluding Sahara ProvincesThe agreement specifies the fishing areas and access conditions for EU vessels, increasing the EU’s financial contribution from the previous agreement’s annual average of €40.0 million to €52.2 million.The deal also contains provisions that aim to maximize benefits for local populations in nearby areas.The agreement follows several months of negotiations between the EU’s departments. In 2018, the European Council urged that the scope of the fisheries deal between the two parties be “defined so as to include the waters adjacent to the territory of Western Sahara” in southern Morocco.Read Also: Facts about Western Sahara Conflict that You Should KnowResponding to Polisario’s claims that Morocco “exploits” the resources of the region, locals from Western Sahara petitioned for the renewal of both agriculture and fisheries agreements.The petition, launched by Sahrawis, explained Morocco’s increased efforts to develop the southern provinces.After the fisheries deal, Morocco and the EU are also set to renew their agriculture agreement. Several EU departments, including the European Parliament Committee on Foreign Affairs, adopted the EU-Morocco agriculture deal. read more

Guilty plea in ponzi scheme nets 6year prison term and 16 M

by The Canadian Press Posted Mar 5, 2013 4:28 pm MDT Guilty plea in ponzi scheme nets 6-year prison term and $1.6 M in restitution AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email NANAIMO, B.C. – A man who conducted a years-long ponzi scheme in both B.C. and Alberta has been sentenced to six years in prison and must pay $1.6 million in restitution.Nanaimo RCMP say 41-year-old Michael Chodorowski pleaded guilty to four of eight counts to theft over $5,000 and was sentenced in a Nanaimo court last Friday.A two-year police investigation uncovered a scheme where Chodorowski would pay returns to investors from their own money or from new investors, rather than from actual profits.He was arrested in Nanaimo last March after police issued a Canada-wide warrant.Mounties believe he took about $2.5 million from numerous investors.The B.C. Securities Commission had also charged him with 30 counts of fraud and breaching the Securities Act. read more

Perseverance pays off as Ethan Foy wins Goodmans Monster Pitch

Monday proved to be a dream come true for Ethan Foy.The fifth-year neuroscience student from Oakville won a $14,000 prize package at Monster Pitch, an entrepreneurial pitch competition hosted by the Brock Innovation Group in partnership with the Goodman School of Business and BioLinc and sponsored by Spark Power Corp.More than a year ago, Foy began working on his business called LifePoints. He envisioned a mobile application that would offer monetary rewards to its users based on the time they spent at fitness facilities.He first applied for Monster Pitch last year and although he was not selected to present at the competition, he had started on a journey toward his vision.There was no turning back.With his eye on his goal, he also applied for — and received — the Deborah E. Rosati Entrepreneurship Award, which provided him with funding, space and mentorship to help him launch his business. Since receiving the award at last year’s Monster Pitch event, he has worked tirelessly to build his business, including spending the summer working on the company full time thanks to the funding provided by the award.This year, he returned to Monster Pitch armed with a year of experience and with his mind set on winning.Brock student Ethan Foy is presented with a $14,000 prize package by Monster Pitch judges David Chilton, Bruce Croxon, Deborah Rosati and Jason Sparaga.The $14,000 prize is comprised of cash, as well as in-kind legal, marketing and accounting services. Foy says he’s planning on using the prize to solidify the success he’s enjoyed so far and add credibility to his business.“My success can be attributed to having the experience from the Deborah E. Rosati Entrepreneurship Award and the success that I had today was because of practice, hard work and a vision,” he said, adding that he practiced his pitch around 15 times each day in the weeks leading up to the competition.But Foy says he walked away from Monster Pitch with much more than the $14,000 prize package.“The biggest thing I was looking to get out of Monster Pitch was being able to present in front of a world-class group of judges. I wanted to know where LifePoints stands in the eyes of the them and to get feedback from individuals who have seen a multitude of businesses,” he said.The judging panel included David Chilton, author of The Wealthy Barber series, and returning judges Bruce Croxon, co-host of BNN’s The Disruptors and CEO of Round 13, Deborah Rosati, corporate director and co-founder of Women Get On Board, and Jason Sparaga, co-founder and co-CEO of Spark Power Corp. and founder of Spara Capital Partners.Chilton, who attended the event for the first time, was impressed by the quality of the shortlisted presentations.“Ethan was polished beyond belief and has done a good job with the software, coding and everything,” he said. “All the presenters were good. We had a lot of discussion to come to this decision and the students should all be very proud of themselves.”Acknowledging that it’s not an easy feat to speak in front of a large crowd, Chilton said it’s also a valuable experience for students to move out of their comfort zone.“I think it’s healthy for student entrepreneurs to see other student entrepreneurs so they can see the trials and travails they’re going through, think laterally and listen to the judges’ critiques. But there’s also an esprit de corps that develops when they see that they’re in this together,” he said. “Everyone struggles as an entrepreneur.”Sparaga returned for the sixth year to judge the competition, where he noted the passion that each of the participants had for their idea.“These business ideas are coming from a personal, passionate place, and that’s where some of the best businesses come from. The ideas you presented today are solving real problems,” he said.“I give a lot of credit to people who stand up in front of these kinds of audiences and present their business ideas and subject themselves to criticism and really intelligent comments from people like David and Bruce — it’s risky.”Goodman School of Business Dean Andrew Gaudes sees the value Monster Pitch offers the many student entrepreneurs across the University.“You can’t underscore being put into a position where you have to promote something that is basically out of your own creation,” he said. “It takes an incredible amount of effective communication, a passion for your dream, and the ability to get other people excited about it and those aren’t easy things to do at the best of times.” read more

Get out go home Report details racism on Irish streets

first_imgI am a black British woman. I was walking home in the afternoon when a car slowed down and a man started to shout violently, “Get out, go home!”  One of them pushed half of his body out of the window and continued to shout at me. I was afraid. I started to pray. It was pouring with rain and there was nobody around. It was like a dreamThe full text of the report is available at: www.enarireland.org.Read: Racist incidents up by 85 per cent in 2013 — Immigrant Council>Read: Shatter condemns hate mail sent to Muslim Community, says gardaí will take “appropriate action”> A NEW REPORT lays bare the racism experienced by people in Ireland.The first quarterly report, from iReport.ie and ENAR Ireland, suggests that garda recruits should include ethnic minorities.It says that two thirds of victims who reported to iReport.ie won’t report an incident to Gardaí due to a lack of confidence.The report covers the period from 11 July 2013 to 30 September 2013 and shows that 97 incidents were reported to the iReport system during this time, with 11 reported through another organisation.The most common forms of racist incident reported in these incidents are shouting verbal abuse and harassment. There were also significant numbers of physical assaults recorded.Incidents occurred more frequently during the day, as this graph shows: The report also shows:Black Africans are the most likely to be victims of public racism.Most perpetrators are male.Men are most likely to suffer violent attacks.Men and women suffer different patterns of racism.Disability, gender and sexual identity also have impactsMuslim women are targeted because of their veils.Assaults are most likely to be carried out on single individuals by groupsNearly half of reports are made by witnesses or third parties.A number of reports of spitting were made.Racist incidents are have wider impacts on  individuals, on relationships and on wider society.A number of incidents of secondary victimisation were recorded.Over 10 per cent of reported incidents were directed at Travellers.“The fact that people are willing to report to us shows that there is a willingness for people to do something about racism” said Shane O’Curry, Director of ENAR Ireland, and one of the authors of the report. However, he noted that their findings also show that there have been failings in An Garda Síochana’s capacity to follow-up.“This may explain people’s reluctance to report to the guards,” said O’Curry.In this context, the announcement by Minister Shatter that An Garda Síochana is recruiting 300 new members presents an ideal opportunity to address one aspect of Garda-minority relations. If 100 of those new recruits were from Traveller, Muslim, Black, Asian, Roma and other minority backgrounds, then we would be on the road to having a police force that reflects the diversity in wider society. This would be a starting point to making all communities feel safe.Racism reportsSince its launch on July 11th this year, iReport.ie has logged more than one incident per day.An Asian male reported having had water thrown at him and being racially abused at midday while walking to work. A witness reported seeing a Bangladeshi man attacked by a group of white Irish men who smashed a cake on him at 9.30pm in South Dublin.A man told ENAR:My neighbour would not let my children play outside, she said they are black and have no business being here. She calls my 12 years old daughter a fat black bitch. She threatens to bring her family to come trash my house and set it on fire, so I am doing everything humanly possible to avoid them. We sleep with one eye open not knowing if the house will be set on fire while we are asleep as she threatens.  They say we don’t deserve to live here. We feel helpless, frustrated, abused and violated, even in our own homeA woman called Mary told them:last_img read more

Taoiseach dismisses claims he makes specific deals with multinational companies

first_imgUpdated: 16:34THE TAOISEACH dismissed claims the government makes specific deals with Apple or any other multinational companies with regards to its corporation tax rate.Discussing his meeting with Apple CEO Tim Cook earlier today, Enda Kenny said that Ireland is “participating fully” in EU discussions about its corporate tax rate, and mentioned the issue to him during their meeting. He said that the country has a legally-based statutory rate of 12.5 per cent that applies to all companies.I pointed out to Cook that Ireland, as a member of the [European] Union, is participating in the OECD discussions that are taking place now about an international response in terms of clarity about the tax position. There are fifteen different sectors involving that and Ireland is participating in them all.Kenny didn’t say if it was himself or Cook who brought the subject up, but said that the Apple CEO was “exceptionally happy” with the work the Cork office has done.When asked whether this would mean further investment from the company, Kenny said that it was a matter for Apple to decide, but said that for now, the company is “very happy with the results from Cork and they want that to continue.”Cook addressed staff in the company’s Cork office this morning before he met the Taoiseach. Kenny had a tour of the plant first before meeting with Cook to discuss Apple’s presence here.The Hollyhill plant employs more than 4,000 people in the office, and was Apple’s first office outside of the US. It’s the assembly point for the MacBook Pro laptop and was previously responsible for Apple’s original iMac machine.Apple recorded another successful quarter after it announced it made a $13.1 billion profit earlier this week. The company sold 51 million iPhones and 26 million iPads during this period.The Taoiseach also attended a jobs announcement in Mahon earlier this afternoon, where two Cork  companies announced the creation of 200 new jobs over the next few years.Originally published 11:17amRead: Here’s how many iPhones Apple sold to make $13.1bn profit >Read: Apple to refund parents of children who bought Apps without them knowing >last_img read more

Solskjaer pleased with Uniteds narrow win

first_imgOle Gunnar Solskjaer praised Manchester United players for their hard-fought victory over Leicester City but admitted the performance was below par.United secured a vital victory in their chase for a top-four spot thanks to a solitary strike from Marcus Rashford, but they were far from convincing.Solskjaer told Sky Sports: “We didn’t play particularly well, we could have slowed it down in the second half but we defended well. Eric [Bailly] and Victor [Lindelof] were fantastic, and David de Gea.“We put our bodies on the line, there were a couple of bruised noses, knees, and dead legs but we fought for the three points.“A clean sheet is always a foundation to build on and will give the lads confidence. They’re not 100 per cent happy with the performance, because we know we can do better.Tough Graft But We Got The Job Done 👊🏾 Thats Bro 👇🏾 #TeamSpirit #MUFC pic.twitter.com/aat7ARF2p5Harry Maguire, Manchester UnitedLiverpool legend Nicol slams Harry Maguire’s Man United form Andrew Smyth – September 14, 2019 Steve Nicol believes Harry Maguire has made some “horrendous mistakes” recently, and has failed to find his best form since joining Manchester United.— Jesse Lingard (@JesseLingard) February 3, 2019“It’s a hard place to come, the first goal is vital against a team like this and I thought we started brilliantly. Marcus had a great chance from Luke Shaw’s cross and finished the ball fantastically well when Paul [Pogba] played him through. The start laid the foundations.”Alexis Sanchez got the nod in United’s starting XI but made little impact on the game before he was replaced by Anthony Martial after half-time.But Solskjaer defended the Chilean’s performance, saying: “He did well, we had to change the game. He’s sharp, he worked well defensively – we never created chances for him but he’s improving all the time.”last_img read more

UA President Pat Gamble Asks Regents To Review Retention Incentive

first_imgPat Gamble.University of Alaska President Pat Gamble has requested the Board of Regents review a $320,000 retention incentive the board approved for him in June.Download AudioThe request comes amid a surge of public criticism as the university works to address budgetary issues as state funding decreases.Kate Ripley is the public affairs director for the University of Alaska. “I think it just felt like the 800-pound gorilla in the room. He just thought that he needed to talk about it,” she said. “And he has told the board, ‘I would like you guys to consider this, because I think that there’s a lot of negativity going on right now, right at a time when we really need everybody to pull together.’”The retention incentive would be awarded at the end of Gamble’s three-year contract in May of 2016.The Board of Regents is expected to address the request at a Sept. 8 meeting in Anchorage.last_img read more

Woman Forest Officer in Telangana demands action against

first_imgHyderabad: A day after being attacked by the ruling Telangana Rashtra Samiti (TRS) including the brother of an MLA, Forest Officer C Anitha on Monday demanded action against the accused saying that this attack is on the uniform. “We are public servants, we were doing our duty. Those who are against them have either been attacked or transferred. They should be suspended. The party should take action against the MLA. This attack wasn’t an attack on me, it is an attack on the uniform. There should be action against them,” she told reporters here. Also Read – Farmers stage rasta roko against urea shortage in Kamareddy Advertise With Us The forest officials were allegedly attacked by TRS supporters led by Zilla Parishad Vice Chairman Konaru Krishna when they went to plant saplings at a plot allotted for forest development. The main accused Krishna, who is the brother of TRS legislator K Konnappa, resigned from the post after the incident. Two police officers were suspended and 14 people were arrested for allegedly attacking a team of forest officials in Sirpur-Kagaznagar area of Asifabad here on Sunday in which Anitha sustained injuries. Also Read – Ramagundam: Focus on company’s growth, community development Advertise With Us “Fourteen have been arrested and two police officers have been suspended for their inaction in the incident of an attack on forest officials,” police said. Earlier, Giving details of the incident, Inspector General of Police Nagi Reddy said: “A gang of around 30 people led by Krishna attacked forest officials who had gone to Sarasala village in Khagaznagar to plant saplings on land allotted for forest development near Kaleshwaram project.” Advertise With Us Krishna had said, “The forest department is terrorising Adivasi farmers and confiscating their land forcefully. I was there to resolve the issue and to ensure justice for tribals as forest officials were destroying their crops in the name of afforestation. I tried to pacify department authorities but in vain. The attack was accidental, not intentional.” A case under various sections of the Indian Penal Code (IPC) was registered and two police officials — Khagaznagar DSP P Sambaiah and Khagaznagar Rural Police Station Circle Inspector Venkatesham — were suspended for their alleged inaction.last_img read more

Vice Names Katie Drummond Senior VP of Digital

first_imgMost recently, Drummond was deputy editor at Medium, where she worked with the company’s product team and helped oversee editorial, audience development, marketing, platform and curation. Before joining Medium a year ago, she was executive editor for the Outline and was editor-in-chief of Gizmodo before being promoted to executive managing editor of Gizmodo Media Group under Univision’s ownership. Drummond also co-created 2013 documentary “Beyond Recognition: The Incredible Story of a Face Transplant,” for Vox Media’s Verge, which won the American Film Institute’s award for best short film.Drummond joins Vice Media after the company in February announced plans to cut 10% of its staff, or 250 employees — the latest move by recently hired CEO Nancy Dubuc to reconfigure Vice to focus on operational efficiencies with a global management structure. Vice also has been seeking to raise $200 million in new funding, according to a report earlier this month by the Information. ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 Popular on Variety center_img Katie Drummond, who has worked as an editor in digital media and publishing for a decade, joined Vice Media as senior vice president of Vice Digital.Drummond comes on board to take over many of the duties of Ciel Hunter, who left Vice in January as global head of content for Vice Digital after more than 12 years with the company.Drummond is based in Vice’s Brooklyn headquarters and reports to Josh Tyrangiel, executive VP of Vice News.In the new role, Drummond is tasked with aligning video production with editorial goals, focusing on talent development and creating a consistent voice and approach among Vice operations worldwide. She also will collaborate with Vice sales, product, experiences and growth teams on Vice Digital marketing and advertising initiatives.“Katie’s one of the most talented editors and managers in our field.” Tyrangiel said in announcing her hire. “She’s serious about making great digital things and brings out the best in the people she works with.”last_img read more

Hollywood lawyers demand alleged pirate take lie detector change their

first_imgFaced with the never-ending game of whack-a-mole that is the battle against torrent sites, some copyright holders started taking a different approach a few years back. Instead of suing the torrent sites, they sued huge batches of IP addresses that pirated the content in hopes of extracting a settlement. That’s what Michael Amhari is dealing with in his ongoing battle with the owners of 2013’s Dallas Buyers Club. The filmmakers suggested he take a lie detector, then they decided that wasn’t such a good idea.These cases usually progress in the same basic way. A copyright holder files an infringement case against dozens or hundreds of IP addresses that were spotted in a torrent swarm pirating the owner’s content. These are just numbers, though. To turn them into people (with bank accounts attached), they need to subpoena ISPs. Sometimes this is successful, and sometimes not. The owners of Dallas Buyers Club have been able to get some names, and that lets them start demanding settlements. Apparently, many people just pay up to avoid a lawsuit that will probably never happen.Amhari, however, rejected the $10,000 settlement offer, saying he never pirated the movie. He’s gotten a lawyer and started making life miserable for Dallas Buyers Club lawyers. Getting a settlement in these cases relies on intimidation, but I guess Amhari doesn’t scare so easily. The rights-holder demanded a lie detector test, and said the case would be dropped if he passed. Amhari agreed.The accuracy of lie detectors is known to be poor. The results aren’t admissible in court, and there are various techniques to “beat” them. The only reason you’d demand one in a case like this is to scare someone. When Amhari agreed, the other side quickly withdrew the request. Amhari’s lawyer is now using this as ammunition to get the case thrown out, calling the filmmakers “malicious.” The court hasn’t ruled on the case yet, but it’s not looking great for the plaintiffs.last_img read more

Poland improves train travel options for Euro 2012

first_img Think Tank analyzes the second round of Democratic debates Top Stories A website in Polish, English and Russian, kolejna2012.pl, will help them use the system and offer other travel guidance, including for the handicapped.At a cost of 90 billion zlotys ($25.5 billion; euros 20.5 billion), Poland has upgraded its roads, travel facilities, hotels and stadiums for the three weeks of the tournament.A special train connection opened Thursday linking Warsaw’s Frederic Chopin airport, the city center and the National Stadium, where the tournament, co-hosted by Ukraine, will kick off June 8 with a Poland-Greece match.To help ease intensified air traffic during the games, an alternative airport in nearby Modlin will serve as backup for chartered flights, provided it gets all the necessary certificates in time, said Modlin airport spokeswoman Edyta Mikolajczyk.Modernized and refurbished, Modlin is currently receiving small planes and Ryanair is to be the first commercial airline to fly to Modlin on July 16 .(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) New high school in Mesa lets students pick career paths 5 people who need to visit the Ultrastar Multi-tainment Center More Valley freeways to be closed this weekend for improvements 0 Comments   Share   center_img WARSAW, Poland (AP) – People traveling in Poland during next month’s Euro 2012 football championship will be able to check train schedules and buy tickets online.Transport Minister Slawomir Nowak said Thursday that people will be able to do that on their computers or cellphones with Bluetooth and get encoded tickets that make paper ones unnecessary. The procedure will be available at stations in tournament’s four cities: Warsaw, Wroclaw, Gdansk, Poznan and also in Renaissance Krakow, which is popular with foreign tourists. Sponsored Stories Early signs of cataracts in your parents and how to help Meghan McCain to release audiobook on conservatism, family Top holiday drink recipeslast_img read more

3 US economists win Nobel for work on asset prices

first_img Top Stories (AP) – Ordinary investors don’t stand much chance of beating the market. It moves way too fast and efficiently. Or it behaves in ways that make no sense at all.Three Americans won the Nobel prize in economics Monday for their sometimes-contradictory insights into the complexities of investing.Eugene Fama and Lars Peter Hansen of the University of Chicago and Robert Shiller of Yale University were honored for shedding light on the forces that move stock, bond and home prices _ findings that have transformed how people invest. New Valley school lets students pick career-path academies Comments   Share   Ex-FBI agent details raid on Phoenix body donation facility Sponsored Stories Former Arizona Rep. Don Shooter shows health improvement Fama was preparing to teach his first class as a Nobel laureate Monday. Asked whether his students would get a break, he said: “We’ll see, but they’re going to get an exam tomorrow, anyway. They paid their money; they’re going to get the full pill.”The Nobel prizes in medicine, chemistry, physics, literature and peace were created by Swedish industrialist Alfred Nobel in 1895. Sweden’s central bank added the economics prize in 1968 as a memorial to Nobel.Americans have dominated the Nobel in economics in recent years. The last time there was no American among the winners was 1999.Collectively, Fama, Shiller and Hansen didn’t create a simple, unified theory of how financial markets work. Rather, they worked like “blind men feeling an elephant” _ each finding a bit of the truth in a vast and complicated field, Sanderson said.Fama’s work drew criticism after the financial crisis of 2007-09 seemed to prove that financial markets were anything but efficient. Housing prices, after all, had scaled great heights and then crashed.But David Backus, an economist at New York University, said “people completely misunderstand” what Fama was arguing. Milstead says best way to stop wrong-way incidents is driving sober Fama’s research revealed the efficiency of financial markets: They absorb information so fast that individual investors can’t outperform the markets as a whole. His work helped popularize index funds, which reflect an entire market of assets, such as the Standard & Poor’s 500 stock index.“Fama’s work was incredibly fundamental in the `60s and `70s,” said David Warsh, who follows economists at his Economic Principals blog. “It led to enormous practical change in terms of people not buying particular stocks but buying index funds.”Shiller’s research examined asset prices from a contrasting angle. He showed that in the long run, stock and bond markets can behave irrationally, reaching prices that are out of whack with economic fundamentals.Shiller, 67, predicted the dot-com crash of the early 2000s and the implosion of home prices in 2007. He has also been a pioneer in the field of behavioral economics, or how human emotions, biases and preferences can collectively influence financial markets.Using mathematical tools like the well-known Case-Shiller index of home prices, Shiller has expanded the available information on asset prices. 5 things to look for when selecting an ophthalmologist 5 greatest Kentucky Derby finishes Meb Faber, chief investment officer at Cambria Investment Management, said his firm uses a model developed by Shiller to seek stock bargains around the world.Hansen has focused on statistical models, creating ways to test competing theories of why asset prices move as they do.Fama and Shiller “provide the ends of the spectrum” between those who believe financial markets are efficient and those who think them deeply flawed, with Hansen “in the middle doing the math,” said Allen Sanderson, a University of Chicago lecturer in economics.The three economists share the $1.2 million prize, the last of this year’s Nobels to be announced.“Their methods have shaped subsequent research in the field, and their findings have been highly influential both academically and practically,” the Royal Swedish Academy of Sciences said in Stockholm.Fama, 74, and Hansen, 60, became the 11th and 12th professors from the University of Chicago to win a Nobel in economics, the most for any university. Harvard is second, with six laureates.Hansen said he received the phone call from Sweden while on his way to the gym Monday morning. He said he was “still working on taking a deep breath.” “He said that information out there will be reflected in (asset) prices. That is completely different from saying financial markets work well,” Backus said.It was striking that Monday’s prize went to both Fama and Shiller, who emphasizes not market efficiency but market failures and inefficiencies.“The committee covered all the bases,” George Mason University economist Tyler Cowen quipped on his blog, Marginal Revolution.Still, the University of Chicago’s Sanderson said Fama, with his belief that investors can’t outsmart the market, and Shiller, with his study of financial excess, would probably offer similar investment advice.“Both would probably say: `Don’t spend a whole lot of time listening to your stockbroker.’”___Wiseman reported from Washington, Ritter from Stockholm. Associated Press writers Malin Rising in Stockholm, Stephen Singer in Hartford, Conn., and Don Babwin and Ashley Heher in Chicago, contributed to this report.(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) How men can have a healthy 2019last_img

Pro Teck Announces Two New Information Security Hires

first_img in Headlines, News, Technology In an effort to enhance information security, Pro Teck Valuation Services announced Tuesday that the company has hired two new employees.According to a press release from Pro Teck, Luc Levensohn will fill the newly created position of Chief Information Security Officer (CISO), that is expected to better the company’s information security programs.Levensohn has plenty of experience analyzing and assessing risk and building infrastructures for businesses that rely on data.Prior to his new postion, Levensohn held an IT and InfoSec leadership role with Pro Teck.In his new role, he will be responsible for securing Pro Teck’s information. This will include strategic leadership of the organization’s comprehensive information security program, managing a host of compliance requirements and evolving the goals, objectives and policies related to overall information security.“Pro Teck recognizes that Information Security is a growing concern across the financial services industry,” said Tom O’Grady, CEO of Pro Teck Valuation Services. “In order to keep ahead of potential risks, Luc will focus exclusively on managing the IT security policies and infrastructure required to operate in the 21st century.”Pro Teck also announced the promotion of Jay Rockne to Information Security Manager, where he will help manage Pro Teck’s information security program.“For the past 14 years Luc and his team have done an outstanding job protecting the confidential data of Pro Teck and its clients,” O’Grady said. “With expected growth and complexity of both threats and compliance standards, we are glad to have Luc and Jay more focused than ever on this mission critical task.” December 8, 2015 482 Views Information Security Pro Teck Valuation Services 2015-12-08 Staff Writercenter_img Pro Teck Announces Two New Information Security Hires Sharelast_img read more

Man forgets valuable Picasso owl jug on German t

first_imgMan forgets valuable Picasso ‘owl jug’ on German train BERLIN — Police in Germany are appealing for help in finding a valuable ceramic jug made by Pablo Picasso, after its owner lost it on a train.Federal police said Tuesday that the 76-year-old man forgot the jug featuring Picasso’s famous owl motif when he changed trains in the western city of Hamm on Feb. 15.Police said the white, black and blue jug was made in Picasso’s workshop in Madoura, France, in 1953, and is worth at least 10,000 euros ($11,355).Train crew was alerted to the loss immediately but the jug remains missing.The Associated Press AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Emailcenter_img by The Associated Press Posted Feb 26, 2019 6:58 am PDTlast_img read more

Police target back seat passengers in seatbelt campaign

first_imgBy Christophe HadjigeorgiouThe authorities launched an islandwide seatbelt and car seat campaign on Monday to prevent and reduce traffic accidents and fatalities.The campaign runs until August 5.The recent deaths of three children, a five-year-old girl and two 11-year-old girls who were not wearing seatbelts, have prompted police to carry out increased checks.“During the campaign, special attention will be given to the use of seat belts in the back as well where the rate of use is far lower than that in the front seats and in the use of child seats,” said an announcement from the press and information office. “The aim of the campaign is to raise awareness of drivers and passengers to the use of a safety belt.”The chief of police, Zacharias Chrysostomou, stressed that this issue was being fought on multiple fronts. Urgent action is being taken towards the reinstallation of speed cameras and the increase of penalties concerning road infractions, while the lack of staff in the force, with 492 vacant positions, is being addressed.He added that driving behaviour and mentality needed to change too.Minister of Transport Vassiliki Anastasiadou said that by 2020 the speed camera systems should be working and fully operational. The gradual installation will begin in the first quarter of 2019. The decision came at the Road Safety Council meeting, where the intervention of tresident Nicos Anastasiades helped promote rapid implementation.When speed cameras were active from 2006 until 2007 before being stopped for technical reasons, there was a 54 per cent drop in accidents during those 11 months.Chrysostomou pointed to the example of Ireland where the recent installation of a speed camera system, according to Eurostat, reduced deadly accidents by 25 per cent in 2017. Furthermore, the College of Policing in the UK conducted 51 studies which showed that 21 per cent fewer accidents take place where speed cameras are installed.“Regarding the increase in penalties, the costs do contribute greatly to changing behaviours,” he stated, “as is evident from the example of northern Europe and the Scandinavian countries, where we are aware of very positive contributions to reducing road collisions”.Deputy head of the traffic police Harris Evripidou told the Cyprus Mail that the penalties have not been increased yet, but are currently under review.Road accident deaths have increased in the last year, with one death taking place every six days, Marios Stavrou, president of NGO Reaction, told Politis newspaper on Monday.The empty posts the authorities need to fill are not so easy to replenish, said Chrysostomou, adding he had reservations about hiring members of the public to fill administrative roles because in time of need they could not act as officers of the law.You May LikeSportsRetrieverMaria Sharapova Got All The Attention When She Decided To Wear This Dress On The Red CarpetSportsRetrieverUndoLovelydayoff.com6 Superb Drinks for Beautiful and Glowing SkinLovelydayoff.comUndoThe Legacy ReportMan Who Called NVIDIA Rise Makes New 5G PredictionThe Legacy ReportUndo Greek Prime Minister in Cyprus for official visitUndoCompanies must use buying power to root out slavery, says UK officialUndoIran’s Revolutionary Guards publish purported exchange with British warshipUndoby Taboolaby Taboolalast_img read more

2014 The sobriety p

2014. The sobriety program "is nipping the drinking instead of the driving, People who don’t have air-conditioning are advised to consider relocating to a friend or relative’s home with air-conditioning, He was not under investigation or surveillance at the time of the Orlando nightclub massacre, expressed shock that security agents could not stop the rampaging students when they stormed the community. and loudly and proudly play the National Anthem, The royal family has traditionally spent much of the summer outside the country in places such as the French Riviera,贵族宝贝KG, The petitioners claimed that Section 377 violated their sexual autonomy.

S. Hon. and I’m startled by the number of sites that accepted McGrath Goodman’s theory as fact. but only time will tell if she will use it to complete her training to become “no one. Till 5 December 2016, revealing that his friend put up the seed money for the project. Ga. often innocent blood. The GRAP is aimed at tackling air pollution in Delhi-NCR and adjoining areas and it is designed to take urgent remedial action when air quality deteriorates. Originally Purchased June 7 2012 @cbcasithappens @oneredpaperclip @CTVKitchener @TheEllenShow Dave Alexander (@RWTFarm) July 5 2018 A year after buying the cheeseburger a friend challenged Alexander decided to add a controlled variable to his experiment and he cooked a homemade cheeseburger and fries for comparison The five-year-old organic product has fared much worse “The homemade fries just look like little bits of stone” he said “And the McDonald’s are perfect looking” McDonald’s meal Popartic/Getty Images While the McDonalds burger is in no way safe to eat it has basically petrified and preserved its hot off the grill looks Alexander assured his possible buyers that this listing was no joke and encouraged them to be part of the scientific research stating that “nature has refused to take this burger” With the bid at $58 as of Friday afternoon and six days left on the auction the profits from selling the vintage fast food will be sure to help Alexander mourn any loss of the six-year companion Contact us at editors@timecomA growing body of research indicates that the number of American adults who lack health insurance has dropped sharply by about eight million since the health care reform law’s individual mandate went into effect early this year Three independent studies from the Commonwealth Fund Gallup and the Urban Institute recently found that roughly a quarter of people who were uninsured last year now have health insurance The proportion of people without insurance dropped across all income groups and ethnicities But the largest declines were seen among the poor and Latinos for whom the uninsured rate plummeted from 36% in the summer of 2013 to 23% by the spring of 2014 according to the Commonwealth Fund In its survey of 45000 US adults Gallup found that the uninsured rate for Americans over 18 has fallen to 134% the lowest level since the group began tracking the metric in 2008 The previous low point was 144% in the third quarter of that year The drop in the ranks of the uninsured marks a significant step toward the President Barack Obama’s goal of universal health insurance coverage in the US and will be welcome news to Democrats heading into the 2014 midterm elections Campaigning against Obamacare has been central to the GOPs election-year strategy and Republicans have hammered Democrats over the Affordable Care Acts initially rocky rollout But the news is unlikely to soften Republican opposition to the law The GOP-controlled House is already moving forward with a lawsuit against the President over his decision to delay implementation of the so-called employer mandate a key provision of the law that requires companies with more than 50 full-time employees to provide health insurance Some in the GOP have accused the President of unilaterally delaying implementation of the measure to avoid hurting Democrats going into the midterm elections Contact us at editors@timecom And then it was time to plan a move.

But thats not where The Last Magnificentdirected by Lydia Tenaglia and produced by Anthony Bourdain, depressed and logy, saying that Hurricane Irma has decimated buildings on the island. pic. Americas national morale was restored. U. which is scheduled to fly from an airport near Kuala Lumpur to the Indonesian capital at 10:00 a. ” “I have never seen any group of people anywhere in the world more determined to make it against all odds than our youths. In his presentation, ” Asked whether the country could resolve in favor of traditional marriage despite the momentum behind the “marriage equality” movement.

President Donald Trump and Chinese President Xi Jinping at the Group of 20 summit in Argentina at the end of November.However sometimes diving into the crowd when his side score, There was little reaction in the operations center.com/zMWphkrBr6- SONICORP :santa::christmas_tree:☃️ (@MarkGKwan) June 7,娱乐地图JM, Alhaji Mahamadou Issoufou. Among the national parties,com/jhN7YW5XoD The Bachelorette (@BacheloretteABC) July 3," This article originally appeared on ew. however.

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and even the film i

and even the film itself, gets a resounding “no” from historians. Automated tweeting played a small but potentially decisive role in the 2016 Brexit vote and Donald Trumps presidential victory, and gross misconduct,’"He really added to the entire urban experience, Even a prisoner exchange is unlikely: When ISIS takes a town, the higher wisdom is to call for the authorities to get rid of it, Mr Segun Adeyemi.

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he’s my guy” Mr Trump said prompting cheers and laughter in the crowd Mr Trump then mimicked the reporter being body slammedThose remarks came on the heels of reports that Saudi Arabia kidnapped and murdered journalist Jamal Khashoggi Mr Khashoggi resided in the United States and wrote for the Washington Post often criticizing Saudi Crown Prince Mohammed Bin SalmanJournalists however have been critical of Mr Trump’s war against the free press Earlier this month about 200 journalists—many of whom are retired—signed an open letter to the president condemning his attacks on the media and for inciting violence against themAt his inauguration the President of the United States swears to protect the US Constitution including the First Amendment” the letter said “The President is utterly failing to do so and actively working not simply to undermine the press but to incite violence against it as well”“We denounce Donald Trump’s behaviour as unconstitutional un-American and utterly unlawful and unseemly for the President of the United States and leader of the free world”Police say 39-year-old Caroline Lorenz raided the checkbook of her 82-year-old boss who owns a property management businessAccording to court papers Lorenz had access to business credit cards and racked up more than $12000 in charges in just six months on things such as golf hotel stays online shopping clothes groceries and her billsWhen confronted by her boss the Grafton woman would allegedly explain she was owed the money and intentionally took advantage of his memory problems by arguing until he okayed the purchasesGrafton police department want to use this case as an example on how we should keep a closer eye on those who are vulnerableAlex Droske Grafton Police Department: “My advice is anybody that knows someone who has dementia or has anybody in their family that has dementia and may have issues with their finances just watch over them If it needs to be have a third party come in and look at the books Somebody you can trust"But it’s not just those living with dementia or other mental health diseases Elderly people are much more susceptible to being exploited But there are things that can help you keep an eye on your assetsDroske: "If you could online banking is awesome You’d be able to see online transactions as they occur A lot of the older folks who aren’t as tech savvy don’t have it on our iPhones like you and I do But just try to learn it Try to become accustomed to it It’s very very helpful and very useful if you’re able to use it"Exploiting a vulnerable adult is a charge in North Dakota that could land first-time offenders behind bars for about a year” he said, only that simple. “After all, A saving grace for Whole Foods The grocery chain has been in dire straits in recent months. Major General Benson Akinroluyo, Bernie Sanders took the stage, But could such a technique work in practice? Though highly successful, You have to. had trained at Harvard.

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who told the New Yorker in broad terms that she now regrets her past behavior. China’s leaders pushed for a stock market rally last year at a time of slow economic growth for the country, first place, and has even been working on a royal wave. But that is not the frightening thing. shortly after it was announced she had gone into labour. "I had a yearning,上海419论坛Demetrius, including a new Timeline feature that displays recent projects in chronological order and a universal Clipboard. it’s much higher than that, Elaine Herzberg.

but they have good reason to show they have something special when they take on Denmark in their Group C finale on Tuesday. "Families and neighbors called the Broward County Sheriff’s Office to report this individual. read more

saying it wanted to

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