Prominent Canadians share memories of philanthropists Barry and Honey Sherman

first_imgToronto billionaire and philanthropist couple Barry and Honey Sherman were found dead Friday, prompting politicians and prominent Canadians to express condolences and share memories on social media. Barry Sherman was the founder of generic drug giant Apotex.“I am beyond words right now. My dear friends Barry and Honey Sherman have been found dead. Wonderful human beings, incredible philanthropists, great leaders in health care. A very, very sad day. Barry, Honey, rest in peace.” — Ontario Health Minister Eric Hoskins.———“Deeply shocked to learn of the deaths of Honey and Barry Sherman, such remarkable people. Grappling with this terrible news.” — former Ontario premier and former interim federal Liberal leader Bob Rae.———“Two weeks ago it gave me immense joy to present a Senate medal to one of the kindest and most beloved members of Canada’s Jewish community. Today I am gutted by the loss of Honey and Barry Sherman. Our community is steeped in grief. I am heartbroken.” — Senator Linda Frum.———“Shocked to hear of their passing. My kids were impressed by his Mustang Convertible and I was impressed by how far he parked from the door at the opening of the New Humber River Regional Grand Opening despite having given millions.” — former Ontario Health Minister George Smitherman.———“Deeply shocked & saddened to hear of the deaths of Barry & Honey Sherman. Philanthropists and entrepreneurs who made our province a better place to live.” — Ontario Economic Development Minister Brad Duguid.———“Such a terrible loss. My thoughts and prayers go out to all the members of the Sherman family.” — Judy Sgro, Liberal MP for Ontario riding Humber River-Black Creek.———last_img read more

Decadelow level of mining IPOs shows investor impatience with sector PwC

by David Paddon, The Canadian Press Posted Apr 1, 2013 4:17 pm MDT Decade-low level of mining IPOs shows investor impatience with sector: PwC TORONTO – For the first time in a decade, neither of Canada’s two largest stock markets had a mining IPO in the first quarter of 2013 — a sign of deep investor impatience with a sector that performed badly for them last year.A report released Monday by PwC says the mining sector — a mainstay of the Canadian stock markets — raised only a tiny amount of money in the first three months of 2013 by initial public offering.Of the $422 million total in IPO activity counted by PwC, only $250,000 was in the mining sector and it was placed on the Canadian National Stock Exchange — not the bigger Toronto Stock Exchange or TSX Venture Exchange.“The complete lack of activity in mining, a sector that has been a pillar of Canada’s equity market, is unprecedented,” Dean Braunsteiner, PwC’s national IPO services leader, said in a statement.The PwC study excluded certain types of new issues, including IPOs for exchange-traded funds and investment vehicles known as structured products.According to PwC’s comparison, there were 13 new IPOs on all Canadian exchanges — all but one in mining — in the first quarter of 2012, for a total value of $20 million of stock issued.John Gravelle, PwC’s mining leader for the Americas, said it has become increasing difficult to do equity financings in the mining sector over the past 18 to 24 months because investors aren’t willing to accept the risk involved.An earlier PwC annual study of top 100 companies on the TSX Venture junior market, found that their market capitalization in the first half of 2012 was down about 40 per cent from the 2011 study, and so was the level of equity financing.“So that showed that it was very difficult for them to raise equity,” Gravelle said Monday in an interview.Gravelle said there were a few signs of life in the last part of 2012, with some takeover and merger activity and some companies able to raise significant capital prior to entering the production phase.Then a number of companies announced more writedowns of their assets.“A lot of them had writedowns in 2012 already and now they were announcing more writedowns. I think that factor had a number of investors just saying ‘I’ve had enough and I’m not going to invest in mining companies any more. I’m going to invest in something else. And they just left the mining industry.”During the first quarter, Milestone Apartments, a real-estate investment trust, announced a $200-million IPO in January and American Hotel Income Properties announced an $87-million IPO, also in January.Milestone units (TSX:MST) began trading on March 6 at $10.05 and American Hotel (TSX:HOT) began trading Feb. 20 at $10.10.Two other IPOs announced in late 2012 also began trading in the first quarter: Agellan Commercial Real Estate (TSX:ACR.UN) opened trade on Jan 25 at $9.92 on the Toronto Stock Exchange and Loma Vista Capital (CNSX:LOV) and metals and minerals company listed on the small Canadian National Stock Exchange.The TMX Group (TSX:X) noted there were IPOs for three ETFs and NexC Partners Corp. (TSX:NXC), a structured products company, in the first two months of 2013 on the Toronto Stock Exchange that weren’t counted by the PwC study. They had a total market value of $41.4 million at the end of February.There were also five capital pool companies that had initial public offerings on the TSX Venture Exchange.Gravelle said junior mining companies play an important role in the industry — finding the new discoveries that are later acquired and mined by bigger companies — but with the equity market closed to them they’ve had to look for other ways to raise money.Braunsteiner noted that some mining companies have recently sought debt financing and there has been anecdotal evidence that private equity firms look to be moving into the sector.“However, the availability of money for the costly construction phase of new mines still remains a question mark. Given the importance of the mining industry to our equity markets, this is a trend that bears watching,” he said.Gravelle said the debt financing comes with high interest rates while another source of capital — agreeing to hand over a share of the future production, through a mechanism called royalty streams — gives the mine operators less opportunity to benefit from a rebound in commodity prices.“So they can be expensive sources of financing but in this market, if they want to continue to build their projects, they need the money and these are the types of things they’re looking at.”He said the junior companies that typically do IPOs play an important role in the mining industries, since the major and intermediate players rely on them to do much of the exploration work required to replenish reserves.“The big companies still do a lot of exploration around existing mines, so they can extend mine life. But as far as going all over the world, looking for new resources, they’ve left that to the juniors,” Gravelle said.“So the intermediates and majors need that junior sector to be able to raise financing so they can continue to do what they do best.” AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

Mens Wearhouse sweetens bid for Jos A Bank to 161B takes it

by The Associated Press Posted Jan 6, 2014 4:35 am MDT FREMONT, Calif. – Despite rebuked overtures on both sides, The Men’s Wearhouse and Jos. A. Bank could wind up together for better or worse.The courtship to combine the two men’s clothing companies has dragged on for months, with each chain having their offer to acquire the other rebuffed. And the saga to combine the two rivals took another turn on Monday when Men’s Wearhouse boosted its offer to acquire Jos. A. Bank to $1.61 billion.While the companies continue to play hard to get, analysts say a combination is inevitable. It would enable both chains to cut costs and boost profits in an increasingly competitive market in which shoppers are scrutinizing their purchases more. But so far executives have been unable to hammer out a deal despite interest on both sides.“Anybody who follows corporate America can see that these two companies have to be joined,” said Belus Capital Advisors analyst Brian Sozzi. “They are specialty retailers in a price-competitive industry with limited growth prospects.”The Men’s Wearhouse Inc. is now offering $57.50 per share for Jos. A. Bank, up from its prior offer of $55 per share, or $1.54 billion. Jos. A. Bank rejected the previous offer in late December, saying it was too low. Men’s Wearhouse said it is taking the bid directly to Jos. A. Bank Clothiers Inc. shareholders. It also plans to nominate two people to the Jos. A. Bank board.“We are committed to this combination,” Men’s Wearhouse President and CEO Doug Ewert said in a statement.Jos. A. Bank said in a statement that it is reviewing the offer and will make a recommendation for shareholders by Jan. 17. But the company said at the present time said shareholders should take no action related to the tender offer.The announcement by Men’s Wearhouse comes three days after Jos. A. Bank Clothiers Inc. lowered the trigger for its shareholder rights plan, which is typically used to help ward off hostile takeover attempts. A shareholder rights plan usually allows existing shareholders to acquire more stock at a discounted rate to ward off the investor collecting a big stake. Jos. A. Bank cut its trigger to a 10 per cent ownership stake from a 20 per cent ownership stake — the same ownership threshold as Men’s Wearhouse’s shareholder rights plan.Jos. A. Banks was the first to express interest in a combined company. In September, a few months after Men’s Wearhouse Inc. ousted its founder and chairman, George Zimmer, Jos. A. Bank Clothiers Inc. offered to buy its larger rival for $2.3 billion, or $48 per share. Men’s Wearhouse turned down that offer, and after Jos. A. Bank dropped the bid, Men’s Wearhouse turned the tables with its $55 per share offer.Jos. A. Bank, based in Hampstead, Md., sells men’s tailored and casual clothing and shoes and is known for ads that say consumers can buy one suit or sport coat and get three for free. Men’s Wearhouse, which is based in Fremont, Calif., which owns the Men’s Wearhouse, Moores and the K&G chains, has been going after younger shoppers with suits with slimmer silhouettes.Stifel Nicolaus analyst Richard Jaffe said it’s likely the two companies will combine.In a client note, Men’s Warehouse shareholders would stand to benefit from $100 million to $150 million in annual cost savings over three years as the companies combined purchasing, customer service and marketing and corporate functions. And he said there are even greater benefits to be realized over time.“The benefit of taking over your largest rival and becoming the largest specialty retail channel for men’s clothing is significant, albeit difficult to quantify,” he wrote in a client note. Companies including TJX and Macy’s have acquired rivals in the past and their profitability has improved “dramatically,” he added.Investors reacted positively to the news. Shares of Jos. A. Bank rose $2.45, or 4.5 per cent, to $56.86 during midday trading. Shares of Fremont, Calif.-based Men’s Wearhouse rose $1.64, or 3.2 per cent, to $52.23. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Men’s Wearhouse sweetens bid for Jos. A. Bank to $1.61B; takes it to its rival’s shareholders This file photo shows a JoS. A. Bank store in Miami, Fla. THE CANADIAN PRESS/AP,HO – JoS. A. Bank read more

World No Tobacco Day targets habit that breaks hearts – WHO

Commenting on efforts to encourage people to quit, the UN health expert warned that only around 12 per cent countries are on track to meet global targets to reduce by one-third the number of people dying from non-communicable diseases by 2030, as part of the Sustainable Development Goals agenda.In a bid to promote heart health, the WHO wants every one of its 194 Member States to implement a series of increasingly strict tobacco control measures.These include making indoor public and workplaces smoke-free and insisting that tobacco packaging carries warnings that demonstrate the health risks for users.“The good news is that these deaths are preventable and we know what needs to be done,” Dr. Bettcher said.He named Ireland and Uruguay as countries which had achieved the highest level of tobacco control before adding that since 2007, the number of people around the world to have benefited from these measures has more than quadrupled, from one billion to five billion. Coinciding with World No Tobacco Day 2018, observed each 31 May, the World Health Organization (WHO) is warning that tobacco use and exposure to second hand smoke are “major causes” of cardiovascular disease, contributing to three million deaths a year.The lack of awareness about the risks of tobacco use, is most common in low- and middle-income countries, according to WHO’s Global Report on Trends in Prevalence of Tobacco Smoking 2000-2025.The good news is that these deaths are preventable and we know what needs to be done – Dr. Douglas Bettcher (WHO)In China, for example, more than six out of 10 people are unaware that smoking can cause a heart attack.In India and Indonesia, meanwhile, more than half of all adults do not know that the habit can lead to a stroke.Dr. Douglas Bettcher, Director, Department for the Prevention of Noncommunicable Diseases at WHO, told journalists in Geneva that tobacco use is falling globally but it still kills more than seven million people a year.Progress is uneven in protecting consumers from the tobacco industry, Dr. Bettcher added, explaining that higher income countries are making “faster progress” than their poorer counterparts at protecting consumers, partly owing to stronger regulations.Latest data from the WHO report indicates that there are around 1.1 billion smokers in the world today – the same number as at the turn of the century.Despite the apparent lack of progress in tackling the total number of smokers, the report highlights that only one in five people smoke today, compared to more than one in four, 18 years ago. This decline is masked by the world’s growing population, Dr. Bettcher said. read more

Chicago tournament weekend highlighted by Big Ten bests

CHICAGO – Throughout the regular season, the Big Ten was considered the nation’s best conference. With its teams on display this weekend at the conference tournament in Chicago, the Big Ten didn’t disappoint. Ohio State won its fourth tournament championship Sunday, beating Wisconsin, 50-43. There were plenty of highlights though, from the tournament’s start on Thursday afternoon through the finale. Best game: No. 2 seed OSU 61, No. 3 seed Michigan State 58, Saturday, semifinal round The Buckeyes and Spartans had two close battles in the regular season, and the third matchup of the season between the two teams was no different. Behind a 20-point outburst from junior guard Aaron Craft, the Buckeyes overcame big games from Spartan junior forward Adreian Payne and junior point guard Keith Appling. Best player: Craft The rosy-cheeked fan favorite was named the tournament’s Most Outstanding Player, and rightfully so. Craft had what was potentially the best game of any player in the tournament in OSU’s semifinal win against MSU. He scored 20 points, 18 in the second half, while adding nine assists, four steals and three rebounds. On the tournament, Craft averaged 12 points, six assists, three rebounds and two steals a game. Best crowd: MSU vs. No. 6 seed Iowa, Friday, quarterfinal round The Spartans and Hawkeyes both had large groups of fans in Chicago, and their close battle in the quarterfinal round proved it. MSU overcame a 12-point deficit in the second half to overtake Iowa, 59-56, after a 3-point attempt from the Hawkeyes in the closing seconds was off. The crowd’s energy had a lot to do with questionable calls from the referees, too, as Iowa coach Fran McCaffrey said after the game his players deserved a “better fate.” Best shot: Illinois senior guard Brandon Paul’s buzzer beater against Minnesota, Thursday, first round With the game tied, Paul got the ball at the top of the key with the seconds ticking down. He waited until about the six-second mark to make his move. Paul dribbled hard to the left elbow, crossed over, stepped back, and hit a fadeaway jumper that flushed through the net to give the Illini a 51-49 victory. Biggest surprise: Indiana not making the tournament final The Hoosiers were widely considered the conference’s most talented team throughout the season. Indiana has experienced skill, too, with its best players nearly all having big-time roles last year. They came into Chicago as the No. 1 seed, but Wisconsin best the Hoosiers, 68-56, behind 16 points from senior forward Ryan Evans. read more

Russian supermodel Natalia Vodianova who will bring World Cup trophy on to

British dignitaries may be boycotting the World Cup – but it has emerged that one UK citizen will play a leading role in the final. Natalia Vodianova, the Russian supermodel who has been the female face of Russia 2018, has disclosed she has dual Russian-British citizenship and has been given the task of bringing the World Cup trophy onto the pitch before it is handed to the winning team. Ms Vodianova wants that team to be England. “I want to give the trophy to England. I would love to,” said Ms Vodianova, 36, adding: “I want a France versus England final and I would love to see Harry Kane score the winning goal.” She bemoaned the UK Government boycott, prompted by the nerve agent attack on Salisbury… read more

6 David Bowie hairstyles your mammy rocked

first_imgHE’S ROCKED SOME incredible hairstyles down through the years but has David Bowie got a lot to answer for when you look through your family photo albums?How many of these hairstyles did your mammy, either accidentally or intentionally, strut around with?The MulletYou weren’t actually around to experience the shame of seeing your mother wearing a style like this but she proudly shows you photos of both herself and your father (plus your aunts and uncles) with matching mullets. This obviously only applies to mammies who were total punk rockers and far too cool for school. It was the look of 1973 for the singer.Image: /AP/Press Association ImagesThe PermMr Bowie was ahead of his time when he sported this ‘do in the 1970s. Most likely it was replicated by your mammy in the mid ’80s. You were probably making your First Holy Communion at the time and have begged her ever since to take the picture off the sitting room wall.Image: PA/PA Archive/Press Association ImagesThe Giant BlowdryThere was a time (in the late ’80s and early ’90s) when big hair ruled. This is not to be confused with lots of hair, as in TOWIE extensions. It was short hair made very big by the use of a hairdryer, a round hairbrush (ah the technology) and a very big can of hairspray.Your mammy was probably rocking this hairstyle around the time of your Confirmation. You embraced it at the time but it now seems far more offensive that the First Communion perm. David Bowie rocked his hairdo circa 1987, trend-setting again.Image: Duncan Raban/Duncan Raban/EMPICS EntertainmentThe WavesRemember when every household with a female population owned a set of those bendy foam curlers? Those were the days.The downside was that you had to sleep in them in order to achieve a result like this but it was so worth it. You probably sported the hairstyle every day for a whole summer until your mammy decided to grow her hair out and give them a go. It wouldn’t have been cool to persist with the wavy look then. The below was Mr Bowie’s noughties look at Glastonbury.Image: Toby Melville/PA Archive/Press Association ImagesThe CropToo short to be given intense volume with a blowdry this look was all about the wash ‘n’ go. Your mother encouraged you to cut all your hair and replicate the style. David Bowie’s face in this picture is the reason you didn’t cave.Image: ANDY KROPA/AP/Press Association ImagesThe Side Parting (or split as your mammy would call it)This style would have been rocked by your mother at a time when she was experimenting with growing out the hair. It was used to try to instruct the hair to grow down instead of out. Bobby pins may have featured in the process. This was a later look for Bowie, round about 2004… he may even have copied your ma!Image: KOJI SASAHARA/AP/Press Association ImagesHappy hump day (literally) from David Bowie>Happy 60th birthday Michael Bolton… here’s to best thing you’ve ever done>6 of the oddest things you can buy for men>last_img read more

Tell YouTube Why Youre Pumped Win a Free Sony Google TV

first_imgAre you pumped about Google TV? YouTube thinks you ought to be, and it’s willing to give a few units away to help nudge you in that direction. The video site is giving away some Google TVs, and all it wants is a video from you, “telling us and all your friends on YouTube why you’re pumped up about Google TV.”YouTube will be choosing winners based on “originality, creativity, entertainment factor, technical execution, and how well you explain why you are excited about Google TV and watching YouTube on Google TV.”The site is giving away 100 free Sony Internet TVs in all. Videos must be tagged “YTGTV.” All submissions are due by January of next year. Explanatory video after the jump.last_img read more

8Bitdos SN30 Pro Controller Combines OldSchool Design With Modern Functionality

first_img Review: The 8BitDo SN30 Pro+ Is an Elite Nintendo Switch Controller8BitDo’s M30 Gamepad Is the Ultimate Sega Genesis-Inspired Controller Stay on target 8Bitdo has made a name for itself by releasing high-quality retro-style controllers and arcade sticks. I honestly didn’t see how the company could top itself, but they’ve arguably done so with their upcoming product. First revealed during this year’s E3, 8Bitdo says the SN30 Pro Bluetooth Gamepad (and its counterpart, the SF30 Pro) is “the ultimate retro gaming controller.” That’s a bold claim, but after spending significant time with it, I’m going to (mostly) agree with this proclamation. The SN30 Pro is a great controller for those who want old-school design paired with modern functionality.Visually, the SN30 Pro and SF30 Pro gamepads take their cues from the classic Super Nintendo and Super Famicom controllers (respectively). However, they have current-day features which distinguish them from the controller they’re based on. Modern touches include two clickable analog sticks, four shoulder buttons, and wireless Bluetooth functionality. These additions make the controllers ideal for playing both classic and modern titles.If you’re familiar with 8Bitdo’s controllers then you may know it previously released a similar controller called the NES30 Pro. Like the SN30 Pro, this controller contains the layout of modern controllers. While the controller is certainly pleasing to the eye, I found its small size and thin analog sticks a turn off. I have big hands so the controller was, quite frankly, cumbersome to use. Everything about the SN30 Pro, from buttons to overall size, is larger, and therefore easier to use. The SN30 Pro outstrips the NES30 Pro in every way.The original SNES controller was a sturdy peripheral that felt great to use. Its button layout and overall durability set the standard for all controllers that followed. Like that classic controller, the SN30 Pro is also a solidly built device. Its rounded edges make it quite comfortable to play. The analog sticks and face buttons have a satisfying amount of resistance when pressed, but not enough to make them hard on one’s fingers. The face buttons and d-pad are slightly higher than they are on the original SNES controller. This is to make room for the analog sticks. This takes some adjustment, but after a few minutes, the slightly higher placement becomes trivial.The face buttons, d-pad, and analog sticks impressed me, but I can’t say the same for the shoulder buttons. Because there are now four shoulder buttons, L and R are thinner than on the original SNES controller. It’s not exactly a detriment, but you do have to adjust the way you press these buttons because they’re so thin. The trigger buttons (L2 and R2) work fine, but since they were not on the SNES controller, they do feel slightly out of place. The thin size also makes the trigger buttons somewhat awkward to press. This is in no way a deal breaker, but it’s something I immediately noticed.The SN30 Pro is compatible with Windows, Nintendo Switch, Android, MacOS, and Steam. Pairing 8Bitdo controllers to devices has always been a painless process and the same applies with the SN30 Pro. If you follow the instructions (which come with the controller), you’re solid. If you don’t want to bother with pairing, you can always plug the controller into your PC, Mac, or Android device through the provided USB cable. There is no USB functionality for Nintendo Switch at the time of this writing.For my tests, I plugged the SN30 Pro controller into my PC and fired up Steam. I started off with 2016’s Doom to see how the controller handles a modern FPS game. For the most part, Doom worked great with the SN30 Pro. In order to survive, one needs to shoot precisely and move constantly. I never found myself fighting the controller. Every button press resulted in an immediate action. I was especially impressed with the responsiveness of the analog sticks. As great as the controller performed while playing Doom, my hands did feel slightly uncomfortable after about ten minutes because of how close the buttons are. I’m sure those with smaller hands won’t have an issue. However, I likely won’t play many FPS titles with this controller.I then tried Rise of the Tomb Raider. This proved a better experience than Doom since you don’t need to use the shoulder buttons much outside of combat. I was able to complete tricky platforming sections with little to no effort. While the controller isn’t ideal for FPS titles, action-adventure games seem to work well enough.I also tried a few classic games on my PC with the controller. I had absolutely no trouble playing NES and SNES games. In fact, I feel this controller is better suited for older games since they only require the use of the d-pad and face buttons. Playing games like Castlevania, Contra III, and Batman Returns made me realize just how great the d-pad is on the SN30 Pro. It is every bit as responsive as the d-pad for the SNES controller. I can easily spend hours playing old-school titles with this controller. This shouldn’t come as a surprise, I suppose.Finally, I tested the SN30 Pro with my Nintendo Switch. Without hesitation, I went straight into Super Mario Odyssey. Unlike Doom and (to a lesser extent) Rise of the Tomb Raider, playing Super Mario Odyssey with the SN30 was a near-flawless experience. I ran around the world and performed tricky jumps and stunts effortlessly. At no point did I feel hindered by the controller. While I still prefer playing Super Mario Odyssey with the Switch Pro Controller, the SN30 Pro did not disappoint. I was thoroughly impressed with how well the controller works on Switch.It’s clear 8Bitdo didn’t just toss in Nintendo Switch support as an afterthought. The SN30 Pro features a button to take pictures and another to return to Switch’s Home menu. It even has rumble support and motion controls just like the Joy-Cons and Pro Controller. This controller can easily serve as a primary controller for Switch. Current Switch games work great with the SN30 Pro, but I can only imagine what it’ll be like when the Virtual Console eventually arrives. This is the controller I want to use when playing Super Mario World, Super Metroid, and Donkey Kong Country.The only major gripe I have with the SN30 Pro is with its rumble functionality. While it certainly gives you additional feedback, I thought the rumble was underwhelming. For the lack of a better phrase, it felt cheap. Cheap like those old MadCatz rumble packs for Sega Dreamcast. Also, there is an annoying high-pitched sound released by the controller whenever it rumbles. This was most prominent during my Doom test, where every jump caused the controller to emit a slight chirp. I wish there was a way to customize how much (or how little) the controller rumbles. I’m glad rumble is in there, but its implementation was definitely lacking.Rumble issues and small shoulder buttons aside, my experience with the SN30 Pro controller was mostly pleasing. At $49.99, it is somewhat expensive. However, if you want to reconnect with your inner retro gamer while still holding onto the present, this controller is worth trying out. As before, I’m left wondering how 8Bitdo is going to top itself. This really is the pinnacle of retro controllers. But considering the company’s track record, it won’t surprise me when it drops a controller that outdoes this one.The 8Bitdo SN30 and SF30 Pro Bluetooth Gamepad go on sale on December 10.last_img read more


Napoli plot January move for indemand Nicolo Barella

first_imgThe highly-rated Cagliari midfielder Nicolo Barella could be a subject of market war between a few influential European sides in the upcoming January transfer market.The author of an outstanding campaign with Cagliari last season, Barella, has drawn the attention of several major Serie A teams, including AC Milan, Juventus, and Inter Milan.However, according to the Il Mattino, Napoli chairman Aurelio De Laurentiis intends to grab the player in front of the competition with a tempting €30 million bid.Napoli aim to beat Liverpool, Spurs to €25M Barella signing Napoli are lining up a January move for Cagliari midfielder Nicolo Barella…. Firmino, LiverpoolVirgil van Dijk praises Roberto Firmino after Liverpool’s win Andrew Smyth – September 14, 2019 Virgil van Dijk hailed team-mate Roberto Firmino after coming off the bench to inspire Liverpool to a 3-1 comeback win against Newcastle United.— Boku Sport (@bokusports) October 5, 2018The same source also states that the player’s agent Alessandro Beltrami may have already taken the opportunity to discuss a thing or two with Gli Azzurri during the Champions League encounter with Liverpool. But, that’s not the end. He apparently also spoke with the Reds leaders that were present at the Stadio San Paolo.Cagliari president Tommaso Giulini must be the most enthusiastic patron in Italy, as considering all interested teams, Barella’s price can only go upwards.last_img read more

Time Inc CEO It Will Be Tough to Grow Revenues in 2009

first_imgTime Inc. CEO Ann Moore is reportedly putting together a two-year strategy to steer the mega publishing company through the economic downturn.Moore told the Times of London that “it will be tough to grow revenues” in 2009 but that she’s aiming to increase net profit. Ad revenue during the second quarter was down nearly 10 percent, the report says. Digital, which accounts for roughly 15 percent of Time Inc.’s overall business, is not expected to hit the 53 percent growth target for 2008.“I don’t know if there will be layoffs,” Moore told the paper. No additional details about Moore’s strategy were immediately available. Through a spokesperson, Moore declined to comment.Ad pages at Time Inc. titles were mostly down during the first half. According to Publishers Information Bureau figures, the largest declines came from flagship newsweekly Time (ad pages fell 21.1 percent) and Entertainment Weekly (-16.8 percent). Fortune’s ad pages increased 1.3 percent.last_img read more

What is bomb cyclone Monster storm slams central US brings rain and

first_imgIBTimes VideoRelated VideosMore videos Play VideoPauseMute0:00/0:57Loaded: 0%0:00Progress: 0%Stream TypeLIVE-0:57?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … A monster winter storm slammed central United States on Wednesday, March 13, becoming a “bomb cyclone” and bringing heavy rains, strong winds, and severe blizzard conditions in the region. Heavy snow reportedly lashed northern Colorado, including Denver, western Nebraska, central South Dakota, southeastern North Dakota, and eastern Wyoming.The Colorado governor declared a state of emergency and activated the National Guard as millions of residents are expected to be affected by the storm. In a tweet, Jared Polis added that the National Guard would carry out “search, rescue & safety ops,” and the emergency department would work with local counties.What is a bomb cyclone? A bomb cyclone, also called Bombogenesis, is a storm, which can be tropical or non-tropical in nature, and strengthens at a fast face, according to Accuweather. It comes from the words bomb and cyclogenesis and means the strengthening of a massive cyclone.Common over the east coast, the storm is a result of “cold air along the land, and warm air over the water.”The National Oceanic and Atmospheric Administration explains that a Bombogenesis occurs when “a midlatitude cyclone rapidly intensifies, dropping at least 24 millibars over 24 hours.””In this case, bomb refers to explosive development. Altogether the term means explosive storm strengthening,” AccuWeather senior meteorologist Alex Sosnowski said in a blog post.In tune, the National Weather Service (NWS) recorded about 350 wind gusts of over 80 kilometre per hour or more in a span of 24 hours and also received about 92 reports of damage. “There have been gusts to near 100 mph with the snow in Colorado Springs, Colo.,” AccuWeather’s Dave Samuhel said.Current conditions at DEN ??— Denver Int’l Airport (@DENAirport) March 13, 2019 Over 1,100 motorists were said to have been stuck in Colorado and rescue personnel are carrying out efforts to help them. A Colorado State Patrol officer, Cpl. Daniel Groves was also killed on Wednesday after he was struck by a vehicle while helping another that had slid off the road. “He was transported to Platte Valley Medical Center but declared deceased a short while after arrival,” the patrol said in a statement.”The case is under investigation by the Colorado State Patrol and all parties are considered innocent until proven otherwise. Charges have not been filed.”Ryan Parsell, a spokesman for El Paso County, also said that the massive storm has affected many people and rescue operations are in full swing. “We are in full saving lives mode. This isn’t your average Colorado storm,” CNN quoted him as saying.As of 1:30 p.m., all runways are closed, but the terminal & concourses are open. Airlines have cancelled flights for early afternoon/evening. Conditions on Peña Blvd. are poor; visibility is extremely low, conditions are icy. Consider the @RideRTD A Line when traveling to DEN.— Denver Int’l Airport (@DENAirport) March 13, 2019 Several roads and highways remain closed in the region and the Denver International Airport’s runways were also completely shut down, affecting about 1,400 flights. DIA spokesperson Emily Williams said that the runways were covered with snow and it was even dangerous for plow drivers to work.”Conditions are very dicey right now and because of all the accidents the plows can’t clear the roads,” Williams said, according to the Denver Post. “If people can avoid coming to the airport that will be the best for everyone.”It’s seems to be getting worse. #COWX— Chris Norton (@onefstgtu) March 13, 2019 Bomb Cyclone in USMaddie Meyer/Getty Images Bomb Cyclone! Monster storm slams central US, brings rain and severe blizzard conditionscenter_img Closelast_img read more

Japan recovers but slower than expected

first_imgJapan recovers, but slower than expected608 viewsJapan recovers, but slower than expected608 views00:00 / 00:00- 00:00:0000:00Japan recovers, but slower than expected608 viewsBusinessA tepid recovery for the world’s third-largest economy. Japan’s GDP coming in at 2.2 percent for October to December, weaker than a Reuters forecast expecting a 3.7-percent increase. The JapaneseVentuno Web Player 4.50A tepid recovery for the world’s third-largest economy. Japan’s GDP coming in at 2.2 percent for October to December, weaker than a Reuters forecast expecting a 3.7-percent increase. The Japaneselast_img read more


Sam Darnold is better off staying at USC than going to an

first_imgGuests: Eddie House – FS1 NBA Analyst and NBA Champion is in-studio to talk about big money contracts for three-point shooters; and why Lonzo Ball will have a positive impact with the Lakers.Rob Parker – FS1 Analyst joins the show to explain why Kevin Durant giving up money is a bad trend for other NBA players.Joel Klatt – FS1 College Football Commentator is in-studio to explain why Sam Darnold would be better off staying in college for another year, and why Jim Harbaugh will win 10 games this year despite returning 6 starters. Sam Darnold should stay at USC rather than go to an incompetent NFL teamIf he was eligible for this year’s NFL Draft, USC redshirt freshman quarterback Sam Darnold probably would have been the #1 overall pick. Darnold will almost certainly be the #1 pick next year if he decides to come out, but sources close to the quarterback say he may stay with the Trojans instead of declaring for the draft.Colin thinks that Darnold should use the leverage he has and stay in school if a team that tanks their season to get him ends up with the first pick. If the choice is, stay at USC for another year or go to the Browns, Darnold should stay in school. He shouldn’t reward teams for aggressively pursuing incompetence.“You have to earn the right to get somebody as good as Sam Darnold.”Vegas believes in Lonzo BallThe NBA season win total over/unders have been released and the Lakers’ total was set at 36.5, which is a considerable bump from the 26 games they won last season.Colin thinks this proves Vegas is a believer in Lonzo Ball, since he’s the biggest addition to a team that will only field around a $30 million payroll, and is more interested in setting themselves up to aggressively pursue free agents in the 2018 offseason, than winning next year. Any improvement in L.A. this year will have to come from the impact Ball has running the show.Is Ball, alone, worth 10 games? Vegas thinks so, and they didn’t build all of those casinos by being wrong.“That is a bet on Lonzo Ball.”last_img read more

Conservation groups tell Costa Ricas Chinchilla Throw out the Fisheries Institute board

first_imgEight Costa Rican and international environmental organizations united under the umbrella group Frente por Nuestros Mares recently sent President Laura Chinchilla a letter with more than 6,500 signatures calling for the reform of the Costa Rican Fisheries Institute (Incopesca), the agency charged with regulating the country’s marine resources.The group continues collecting signatures for the petition online here. That petition calls for, among other things, the elimination of Incopesca’s board of directors, which critics note is loaded with commercial fishing interests, a reality that Chinchilla’s own Cabinet-level National Marine Commission acknowledged last year.Environmental groups accuse Incopesca of “ignoring its mission to protect marine resources and favoring the interests of industrial and semi-industrial fishing fleets,” according to the petition.Incopesca’s charter tasks the agency with “promoting, based on scientific and technical criteria, the conservation and sustainable use of aquaculture and marine biological resources.” Yet its nine-member board includes representatives from fishing organizations in each of the three coastal provinces – Puntarenas, Guanacaste and Limón – as well as representatives from the commercial fishing export sector and the National Commission on Aquaculture and Fish.“You cannot be judge and jury, and Incopesca flagrantly violates this principle,” the group charges.The campaign lists 10 reasons why Incopesca officials are failing at their jobs, and notes that at least one board member – executive president Luis Dobles – is under criminal investigation for derelict of duty.In addition, in August 2012, the Chinchilla administration fired Incopesca Vice President Álvaro Moreno for ethics violations that included representing the shrimping industry as an attorney while working for the agency tasked with regulating it.A complaint filed by the Public Ethics Office earlier that year stated that Moreno provided legal consul to a group of fishermen who were detained in 2009 for fishing without using Turtle Excluder Devices, which are required by law, while acting as Incopesca’s vice president. He served as acting president of the agency on several occasions when Dobles was out of the country.The NGOs also accuse Incopesca of an “irregular” program to provide subsidized fuel to the fishing industry, failure to prevent overfishing by shrimp and tuna fleets, and inaction on shark-finning. And they say Incopesca has fallen short on efforts to support artisanal fishermen who can’t compete against industrial fleets.Dobles, whose relationship with conservation groups could be described as contentious at best, responded to the campaign by telling The Tico Times that environmentalists’ arguments “are really old.” Groups are taking an awareness campaign about ocean conservation to the Internet. Courtesy of Frente por Nuestros Mares No related posts. “They regularly launch these campaigns to keep their presence in the media alive,” he said.The structure of Incopesca’s board “is not my invention, nor the agency’s, nor even the current administration’s. It follows the law that created Incopesca,” he said.Dobles added that Incopesca was created by an executive decree in 1994, and the establishment of the board is outlined in Article 7 of that law.“Only the Legislative Assembly can order a change in the administrative structure,” he said, adding that a similar recommendation was ruled out by a “committee of government officials last year.”In 2011, representatives of five government ministries formed the National Marine Commission at Chinchilla’s request to study and draft new policies for the protection of marine resource and the management of Costa Rica’s ports.The commission recommended revising Incopesca’s charter to ensure the agency maintained independence and acted in the public interest.Last January, a blue-ribbon panel also created by Chinchilla issued 95 recommendations to improve the country’s governance. The panel recommended the elimination of the boards of 83 government agencies.“We will accept any decision on this matter, but according to the law, it has to come from the Legislative Assembly, not the executive branch,” Dobles said.The campaignFrente por Nuestros Mares is using its website and Facebook page to highlight the damage caused by industrial fishing to marine ecosystems and to artisanal fishermen in Costa Rica.The campaign includes infographics, memes and two video testimonials highlighting the environmental consequences of commercial fishing, particularly by shrimping fleets “that are sweeping away the seabed.”The spots include testimonies from Central Pacific fishermen who narrate how their catch is insufficient even for personal consumption because of the desolation left by large fishing fleets.The videos also include opinions by experts including Álvaro Morales, director of the University of Costa Rica’s Oceanic Sciences and Limnology Research Center, who said that marine resource exploitation in Costa Rica “has been too severe,” and that he believes “the country’s fishing fleet has been allowed to increase without any planning or consideration for marine resources.”The Frente includes conservation groups Pretoma, Keto, Promar Foundation, International Student Volunteers, Sea Save Foundation, The Leatherback Trust, UESPRA and Widecast.As of Wednesday, the Frente had received no response from government officials. According to Pretoma’s Mariano Castro, the group will meet next week to evaluate the campaign’s response and to plan future actions. See a campaign video here (Spanish only): Facebook Commentslast_img read more


A look at major militant attacks in Egypt

first_imgAn Egyptian military officer watches at a post in Egypt’s northern Sinai Peninsula, as seen from the Israel-Egypt border, in Kerem Shalom village, southern Israel, Wednesday, July 1, 2015. Islamic militants on Wednesday unleashed a wave of simultaneous attacks, including suicide car bombings, on Egyptian army checkpoints in the restive northern Sinai Peninsula, killing tens of soldiers, security and military officials said. (AP Photo/Ariel Schalit) CAIRO (AP) — Islamic militants unleashed a wave of simultaneous attacks Wednesday on Egyptian army checkpoints in the restive northern Sinai Peninsula. The coordinated assaults set off the fiercest clashes in decades in the peninsula, killing at least 53 soldiers and more than 50 insurgents, security and military officials said.Here’s a look at militant attacks in Egypt since the military ousted Islamist President Mohammed Morsi from power nearly two years ago: 5 treatments for adult scoliosis –June 29, 2015: A car bomb kills Egypt’s chief prosecutor, who had overseen cases against thousands of Islamists, in the country’s first assassination of a senior official in 25 years.–June 10, 2015: Militants try to attack the ancient temple of Karnak in southern Egypt with a suicide bomber who blows himself up and two gunmen battling police. No sightseers were hurt in the thwarted assault.–June 3, 2015: Gunmen on a motorcycle open fire outside the famed Giza Pyramids, killing two police officers.–May 16, 2015: Three judges are gunned down in the Sinai peninsula after a court sentences ousted President Mohammed Morsi to death. The Sinai-based Islamic State affiliate claims responsibility.–April 12, 2015: At least 14 people, mostly Egyptian policemen, are killed in separate operations when militants attack a police station in Sinai and detonate a roadside bomb on a passing armored vehicle.–April 9, 2015: 11 civilians and two soldiers are killed in three attacks in Sinai.–April 2, 2015: Militants hit a military checkpoint in Sinai and kill 15 soldiers, while near-simultaneous attacks elsewhere in the peninsula leave three civilians dead. Top Stories Comments   Share   — Nov. 21, 2013: A suicide car bomb hits a bus convoy of off-duty Egyptian soldiers in the Sinai Peninsula, killing 11 and wounding 37.–Nov. 18, 2013: Police Lt. Col. Mohammed Mabrouk is assassinated in Cairo. Ansar Beit al-Maqis claims responsibility, saying it was in retaliation for the recent arrest of female Morsi supporters.–Sept. 5, 2013: Egypt’s interior minister narrowly escapes assassination when a car bomb tears through his convoy, wounding 22 people and leaving a major Cairo boulevard strewn with debris. Ansar Beit al-Maqdis claims responsibility.— Aug. 19, 2013: Suspected Islamic militants ambush two police minibuses in the Sinai peninsula, line up 25 policemen and shoot them dead.–Aug. 14, 2013: On the same day that security forces disperse two sit-ins of Morsi supporters in Cairo, killing hundreds, militants ransack a police station in the village of Kerdassah, near Cairo. The attackers kill 15 officers, including the police chief, and mutilate some of the bodies.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. –Jan. 29, 2015: Extremists targeting military positions in Sinai kill 31 security forces in a sophisticated and multi-pronged set of attacks. The Sinai-based Islamic State affiliate claims responsibility.–Nov. 10, 2014: Sinai-based jihadi organization Ansar Beit al-Maqdis pledges allegiance to the Islamic State group, giving the organization a foothold in Egypt.–Oct. 24, 2014: A coordinated assault on an army checkpoint in the Sinai Peninsula kills 31 Egyptian troops, in the largest single attack in decades on the military.–July 19, 2014: Gunmen armed with rocket-propelled grenades attack the border post in Egypt’s largest province al-Wadi al-Gedid, which straddles the Libyan and Sudanese borders, killing 22 soldiers.–Feb. 16, 2014: An explosion tears through a bus filled with South Korean sightseers in the Sinai Peninsula, killing three Korean tourists and an Egyptian driver.–Jan. 24, 2014: A truck bomb targeting Cairo’s security headquarters kills four people and causes heavy damage to a nearby museum dedicated to Islamic arts and history.–Dec. 24, 2013: A car bomb rips through a security headquarters in the Nile Delta city of Mansoura, killing 16 people, almost all policemen. Ansar Beit al-Maqdis claims responsibility. 4 ways to protect your company from cyber breaches New Valley school lets students pick career-path academies Here’s how to repair and patch damaged drywall Clean energy: Why it matters for Arizona Mesa family survives lightning strike to home Sponsored Stories Ex-FBI agent details raid on Phoenix body donation facilitylast_img read more


Emirates goes nonstop AucklandDubai from March

first_imgEmirates Goes Non-Stop Auckland-Dubai from MarchEmirates today announced that it will start its first non-stop service from Auckland to Dubai from March, bringing many of its 38 European destinations and cities within just one-stop range of New Zealand and cutting journey times by almost three hours each way.“Operating a non-stop service between Dubai and Auckland has been in our sights for some time, dependent on availability of suitable aircraft as we rapidly expand our global network of destinations, and frequency of flights and capacity on existing routes. We are particularly delighted that we can now bring this exciting plan to fruition,” said His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group.The new service, operating out of Auckland from March 2, will be in addition to the award-winning airline’s existing flights, meaning that Emirates will then have five services daily from New Zealand – three A380 double-decker services from Auckland via Australia, a daily Christchurch service with a Boeing 777-300ER, and the new non-stop service operated with a Boeing 777-200LR.The new service will bring New Zealand and Europe, Africa and the Middle East via Dubai much closer than at present, with an estimated flight time of just under 16 hours from Dubai to New Zealand and 17 hours, 15 minutes in the other direction.“Having just one stop on the long haul to New Zealand will make the journey quicker and more comfortable. This will be a boon to many business people, tourists, expatriate New Zealanders and other travellers in Europe, parts of Africa and the Middle East,” said HH Sheikh Ahmed. “Tourists, in particular, will now have more options – travelling to Auckland with a stopover in Australia on one of our three daily A380s, flying non-stop direct into Auckland, or flying to the South Island on our daily Christchurch service. New Zealand currently hosts about three million tourists a year and we want to do our part to cater for that flow and grow that figure above current expectations.”HH Sheikh Ahmed said that an aggressive fleet growth and renewal programme which is rapidly expanding both its A380 and Boeing 777 numbers had meant that the right sort of aircraft for the ultra-longhaul non-stop flight from Dubai was now available.“Emirates started operating in New Zealand with a double-daily Auckland service in August 2003, adding a third daily Auckland service a few months later, and then providing a daily Christchurch service in 2004. Progressively from 2009 onwards, we have upgauged the Auckland services to our flagship A380s and today these fly via Sydney, Melbourne and Brisbane respectively to Dubai and beyond, and reverse.“Auckland as the major gateway is now a thriving and attractive city of 1.5 million and, together with tourism and business traffic, we are sure that it will easily sustain the introduction of the extra flight.”With the introduction of the non-stop service, Emirates will then be flying more than 2,000 seats a day in each direction on New Zealand services.Operating westbound as flight EK 449, the non-stop service will depart Auckland each night (local summer time) at 9:30pm, arriving in Dubai the following morning at 5:45 am (local time), connecting with Emirates’ flights to 38 Europe destinations, as well as other destinations in India, Africa and the Middle East.Operating eastbound as flight EK 448, the service will depart Dubai at 10:05am and arrive in Auckland the following day at 11:00am (local summer time). Eastbound the new flight will offer short connections in Dubai from 24 of Emirates’ destinations in Europe. On arrival in Auckland, passengers will be able to connect to a number of other points on codeshare partner Jetstar’s domestic flightsThe Boeing 777-200LR aircraft that will operate the new, non-stop route are purpose-built for ultra-longhaul flights, carrying up to 266 passengers. Like Emirates’ other New Zealand flights, the aircraft will offer three cabin classes: eight First Class suites, 42 lie-flat Business Class seats and 216 comfortable Economy Class seats. Fly EmiratesSource = Emirateslast_img read more


Han Solos Blaster from Return of the Jedi tops

first_imgHan Solo’s Blaster from ‘Return of the Jedi’ tops auction This photo provided by Julien’s Auctions shows character Han Solo’s BlasTech DL-44 blaster from the Star Wars trilogy film “Return of the Jedi” (Lucasfilm, 1983) that sold for $550,000 at Julien’s Auctions Hollywood Legends auction at Planet Hollywood Resort & Casino, in Las Vegas, on Saturday, June 23, 2018. Julien’s Auctions say Ripley’s Believe It Or Not purchased the sci-fi weapon. (Julien’s Auctions via AP) by The Associated Press Posted Jun 24, 2018 3:37 am PDT Last Updated Jun 24, 2018 at 4:20 am PDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Emailcenter_img LAS VEGAS, Nev. – Han Solo’s Blaster from the “Return of the Jedi” has sold for $550,000 at a Las Vegas auction.Julien’s Auctions says Ripley’s Believe It or Not bought the item Saturday.The sci-fi weapon was the top-selling item at the Hollywood Legends auction.The blaster was part of a collection from the U.S. art director on the film, James L. Schoppe. An Imperial Scout Trooper Blaster from the movie sold for $90,625.Julien’s says other items at the auction included a full Superman III costume worn by actor Christopher Reeve. It sold for $200,000, well over its original estimate.A black wool dress worn by Marilyn Monroe went for $50,000 to benefit the Abraham Lincoln Presidential Library Foundation.The auction was held at Planet Hollywood casino-resort.last_img read more

April 8 2009 The new renderings of the CRITICAL M

first_imgApril 8, 2009 The new renderings of the CRITICAL MASS of Arcosanti 5000, posted here on 4/3 and 4/6/2009, made their public debut at the 2-day Centennial Conference on Urban Sustainability in Tel Aviv-Yafo, Israel . They were part of a key-note presentation by Jeff Stein. Arcosanti alumnus Jeff Stein is Dean of the The new renderings of the CRITICAL MASS of Arcosanti 5000, posted here on 4/3 and 4/6/2009, made their public debut at the 2-day Centennial Conference on Urban Sustainability in Tel Aviv-Yafo, Israel . They were part of a key-note presentation by Jeff Stein. Arcosanti alumnus Jeff Stein is Dean of the [PHOTO: Architecture student projects from around the world were laser-printed on fabric cones that were held-up by air at the Tel Aviv conference]. [Photo & text: Jeff Stein] [PHOTO: Here’s Tel Aviv; much of what is pictured dates from the 1930’s, the “white city” of jewish architects originally trained at the Bauhaus].  Jeff reports: 2009, Tel Aviv’s Centennial year, a city just 100 years old (modern Israel is just 60). And somehow, I’m invited to be a keynote speaker at the 2-day Tel Aviv-Yafo Centennial Conference on Urban Sustainability that starts the entire celebration, April 1 and 2. That somehow, I learn, is because I am to represent Arcosanti, a project the Israelis know something about, and like. Ok, then. I’m not the only keynote speaker. Others, who introduce major topics and whose speeches are then responded to by panels of experts, include architect Shigeru Ban, famous for making refugee housing out of treated paper; Jacob van Rijs, Dutch architect with MVROV; UNESCO conservator Lodovico Folin Calabi; conflict studies at Colgate Prof. Daniel Bertrand Monk; UK Secretary of State for Communities Fiyaz Mughal; president of Eco-Cities, (and old Arcosanti hand) Richard Register; a couple others. Each of us is responded to by a panel of 4 or 5 experts from the region, there is a dinner, a big exhibition of student work, outdoors; and in the middle of the whole thing, speeches by the mayors of 15 European cities, who are there for both days of the conference. I meet a few of them…! Shimon Perez, too. Oh, and besides all those, some 800 people from all over have signed up to attend the conference, and they do attend, too. It is held in the opera theatre of the new Tel Aviv Performing Arts Center. It’s sunny and 70 each day. Richard Register and I are given accommodations in the same hotel, same floor, just across the hall from each other, at the Sheraton Moriah, on the beach of the Mediterranean. Richard has arrived on Monday, I get there on Tuesday morning, 5AM fresh from an overnight flight. We are both to speak on Wednesday, the first day of the conference, me at 1PM, Richard at 3. On Wednesday morning a car is supposed to pick us up at 8AM so we can get to the conference early and download our powerpoint slides onto their av system. At 9AM, we call, “No car.” we say. The transportation coordinator is in tears, she doesn’t know what has happened. “Quickly, take a taxi!” she advises. We do and are there by 9:20AM. “Oh, good you are here!” says the conference coordinator. The mayor of Tel Aviv speaks at 9:30AM, then introduces you, Jeff. You’re the first speaker of the conference.” “I though I was on at 1…” I offer. “No, no the schedule changed, see here in the program.” So, I’m ushered backstage while the mayor warms up the crowd (!), I download slides off Richard’s thumb drive (both he and I were up all night working on our respective presentations on his Macintosh). I’m given a bottle of water, and then, watching from the wings, I hear that I’m being introduced. I have pretty high energy at this point… and energy is what I’m to speak about. Big applause, I walk out onstage, everyone settles down, and I begin. “Thank you. Good morning. Before we go further, I must apologize for speaking to you only in English this morning. But I know we have simultaneous translators; I have seen them hard at work in their soundproof box, just backstage. I thank them now for their good work. I bring you the best wishes of my colleagues at Arcosanti, the urban laboratory under construction in central Arizona; and from the Cosanti Foundation, its parent organization, and from Paolo Soleri, its President. Shalom. My short talk to you this morning is supposed to be about energy and its related systems; energy in cities. Human, electrical, fossil-fueled, alternative, energy. How we have thought about it for a generation at Arcosanti; how you might think about it now in Tel Aviv-Yafo’s centennial year. Here’s how I want to start: “Energy is not an issue separate from everything else that will be discussed here in the next two days. Especially for me, an architect, it is not separate from building form. It cannot be separated from urban form. And the time to understand this is short. “So I am telling you, the work of all of us in this room, the work of this generation in terms of energy, is not to continue scattering boxes around in the sand, not to continue to try to link them together with time and energy and land-wasting roads and streets and parking lots and more automobile-related media. That was for the last generations, our parents and grandparents. We know more now about the rules of life on earth. “It is also not this generation’s work to merely reform the way we use energy in this city, in its buildings and transportation systems; it is not our work to merely meet Israeli government standards that mandate we only burn 3/4 as much energy in the future as we do now, so that perhaps our built environment will be only 3/4 as unhealthy for our children as it is for us today. “Your work – our work – going forward is to reformulate how we imagine the design of cities, to reformulate the architecture of this great experiment, Tel Aviv, to integrate it and us into the living ecology of this place, into the living ecology of the planet. “Architecture and ecology must begin now to be thought of as a single, whole entity.” I go on like this for about 20 minutes, talking about Tel Aviv’s history (its early history is remarkably like Arcosanti’s, seems to me), about Arcosanti’s specifics, showing slides including the brand new 3d renderings of Arcosanti Critical Mass emailed me by Sue Anaya and Scott Riley. Then I end. More great applause, the panel convenes, etc., etc. Later speakers quote some of my talk, which seems good; and in the afternoon Richard Register is especially eloquent about Arcosanti and sustainability. People come up to me throughout the day to talk about Arcosanti; students, architects, regular folks. I have brought about 70 workshop brochures, and a group of Quaderni, too. By late afternoon all the brochures are gone, the Quaderni are still displayed on a big table, and by Thursday I have given them to key participants. Richard Register and I hang out together for a day, prowling around Tel Aviv; we have dinner in a restaurant that Richard has been frequenting while here; the owner recognizes us, talks to us about how very few Americans are travelling here these days, business is bad; and then he sends us drinks on the house. Several. They’re good! After that, Richard goes to Jerusalem for an extra day, and I catch my flight home. 11 hours later, I’m in New York; a few hours after that I’m home, not on the flight I was meant to travel on, but, home nonetheless. I think I have done some good for the project in this week away. Interesting how welcome the idea of Arcosanti is among European/mid-easterners. And interesting how every presentor in the Mayor’s Symposium talks about density and mass transit and every single one says they are trying to tax or ban cars from their cities.These are mayors of Paris, Barcelona, Frankfurt, Milano, Budapest, Vienna, Bonn, etc. That’s the news from Tel Aviv. Cheers. Jeff [Photo & text: Jeff Stein]last_img read more


Hourican says BoC mulls active part in future MA

first_imgBank of Cyprus’s chief executive officer John Hourican said that the island’s largest lender intends to play a leading role in the consolidation of the Cypriot banking and insurance sector, as it slowly reduces its bad loans mountain.“We have to push forward in market consolidation over time,” Hourican told an audience at an event in Nicosia on Tuesday according to an audio file forwarded to the Cyprus Business Mai. “We have to play a leading part rather than a following part. I’d rather do the eating than be eaten”.Both Cyprus’s insurance business, in which Bank of Cyprus operates with its two units Eurolife and General Insurance Cyprus on top of the 50 per cent stake in CNP Cyprialife, and the banking business are “excessively distributed,” the Irish banker said.A possible participation of Bank of Cyprus in the consolidation of the insurance and banking sector would signal a reversal of the bank’s shrink-to-strength strategy, as part of which it disposed non-core assets in various countries, including Russia, Ukraine and the Balkans following the 2013 banking crisis. Then, the bank had bailed-in its uninsured depositors and was forced to absorb the operations of its main competitor Cyprus Popular Bank, widely known as Laiki, after they both gave up their operations in Greece.The merger with Laiki created other challenges related to the size of the bank with regard to the €18bn Cypriot economy, almost the size of the bank’s total liabilities. “We have created other problems which is that we now have an incredibly concentrated bank in a single island where we express the macro(-economic indicators) through our own results,” Hourican said. “We have a Siamese relation to the country. If the country does well, we ‘ll do well, if we do badly, there won’t be any credit in the economy”.Today’s Bank of Cyprus has a long way to go in completing its task of reducing non-performing loans even after cutting their ratio from once 64 per cent to 54.8 per cent, or just over €11bn, in December, he said. Still, the lender managed to move out of its balance sheet bad debts equivalent to 22 per cent of Cyprus’s economy, while the next best performer in the European Union was Italy’s UniCredit with 1.6 per cent.“We had a liability problem which has been resolved,” he said in an apparent reference to the full repayment of the emergency central bank funding of €11.4bn it mostly inherited from Laiki. “We now have an asset problem which in its seventh quarter of resolution. And I believe there is probably another 10 to 12 quarters before we can declare some level of victory on that boundary”.Hourican, who joined Bank of Cyprus in late 2013, months after it was recapitalised with depositors’ funds, dismissed the notion that things in the Cypriot banking system had been running smoothly until the crisis that year.“When I look at the evolution of non-performing loans in our bank, they were building for 20 years, month on month, quarter on quarter,” he said. “Before the crisis hit, Bank of Cyprus together with Laiki was a 20 per cent non-performing loan bank which would have made it one of the highest portfolios in Europe. So, it is wrong to presume that the banking system was working perfectly before the advent of the crisis”.On top of the non-performing loan problem, the banking system, Hourican continued, also has to deal with new challenges resulting from technological progress, such as digitisation, or else risk the fate of companies in the music industry, such as EMI, which was acquired by Citigroup six years ago.In addition, the new “excessive regulation” imposed by the European Union in recent years on the banking sector “presents a massive challenge to small banks to survive,” he said. “We are not saying we will not survive, we will, we ‘ll adapt and make it work but actually the time spent by executives and managers at banks today dealing with the detritus of another piece of regulation being imposed on them across the eurozone is extremely debilitating practice”.Excessive regulation is “one of the most significant challenges to Europe, European growth, the success of euro, the success of the Eurozone,” he added.You May LikeFigLeaf Beta AppGet Maximum Privacy with Minimum EffortFigLeaf Beta AppUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndoTotal Battle – Online Strategy GameIf You’re PC User This Strategy Game Is A Must-Have!Total Battle – Online Strategy GameUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoTwo arrested in connection with attempted murderUndoby Taboolaby Taboolalast_img read more