ONGC to borrow 2 billion through unique overseas debt programme

first_imgNew Delhi: State-owned Oil and Natural Gas Corp (ONGC) on Thursday said it plans to raise up to $2 billion in overseas borrowings through a unique and flexible, Singapore-listed debt instrument that provides it with an option to raise funds at short notice. The funds so raised can be used to repay about Rs 15,000 crore of the company’s existing borrowings, fund acquisitions or meet project/asset expenses. In a press statement, ONGC said it has “set up a Euro Medium Term Note (EMTN) programme of $2 billion which will be listed on the Singapore Stock Exchange.” Also Read – Thermal coal import may surpass 200 MT this fiscalThe EMTN programme would enable ONGC or any of its named subsidiaries to go to market at short notice, say 5 to 10 days, to borrow funds any number of times within a one-year period. For the current EMTN programme, ONGC, its overseas arm ONGC Videsh Ltd (OVL) or its subsidiaries can access the market. As on June 30, ONGC had a borrowing of about Rs 15,000 crore while another Rs 42,000 crore debt was on OVL books. ONGC, India’s top oil and gas producer, is implementing multi-billion dollar projects within the country to bring to production new discoveries or prolong output from existing fields. Its overseas arm is on the prowl for acquisitions besides having funding requirements for the 41 projects it has in 20 countries. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostBoth companies have accumulated debt on their books because of acquisitions they made in recent times. ONGC exhausted all its cash and became a net debt company last year when it bought government stake in Hindustan Petroleum Corp Ltd (HPCL) for Rs 36,915 crore and Gujarat government firm GSPC’s stake in a KG basin field for Rs 7,738 crore. “An EMTN programme is an uncommitted facility and any drawdown thereof under this document would be subject to funding requirements,” the statement said. “This is a landmark achievement for ONGC as it is amongst select few corporates and India’s first oil and gas public sector integrated energy major to set up an EMTN programme.” ONGC chairman and managing director Shashi Shanker said the EMTN programme is a landmark achievement for ONGC as it would further enhance the company’s credit profile amongst global investor base. “We have embedded structural features in the programme which would allow ONGC, ONGC Videsh or its subsidiaries to access international markets within a shorter time frame,” he said. “We do believe this programme will assist in meeting our strategic financing requirements for our organic or inorganic growth prospects due to our vision of becoming an integrated energy major of global reckoning.” A euro medium-term note is a medium-term, flexible debt instrument that is traded and issued outside of the US and Canada. These instruments require fixed payments and are directly issued to the market with maturities that are less than five years. “Current low yield environment in international debt markets does provide attractive tenor funding options, however any drawdown under the programme will be made to meet specific requirements of ONGC, OVL or its subsidiaries,” said Subhash Kumar, Director (Finance), ONGC. The EMTN programme, he said, would allow ONGC to access international bond markets opportunistically to meet its funding requirements.last_img read more

Ontario girl who was teased for love of bugs gets name in

first_imgSophia Spencer hated it when classmates taunted her for her love of insects, but seeing them kill her pet grasshoppers for fun was even worse.Her first-grade peers couldn’t understand what she found so fascinating about bugs of all sorts or why she’d devote spare time to catching them, reading about them, and generally carrying on like a budding entomologist.As Sophia listened to schoolyard jeers that called her weird, or was forced to watch as her much-loved bugs were taken from her hands and stepped on for sport, she felt her confidence begin to wane.Her mother, fearing her child would lose her independent streak, reached out to a national organization of insect researchers in search of a mentor for her daughter. Hundreds of entomologists responded, and now Sophia’s name appears alongside one of them in an international publication devoted to the study of insects.She is listed as a co-author in a paper published in the Annals of the Entomological Society of America that explores ways social media can be used to engage the scientific community.The story, held up for scientists as an example of social-media savvy used for the advancement of the profession, is a form of validation for the eight-year-old co-author.“A lot of the kids saw it, and a lot of the kids knew that if they tried to bully me it won’t really matter because … I won’t really care,” Sophia said in a telephone interview from her home in Sarnia, Ont. “They just realize that I like bugs and I won’t stop.”Such confidence seemed impossible for Sophia back in August 2016, according to her mother Nicole Spencer.Anxious after a year of bullying from schoolmates, the child had become more withdrawn and less inclined to play with insects as she’d done since she was a toddler.Spencer said she wanted to find a mentor to help bolster her daughter’s flagging confidence and reassure her that her passion for bugs did not have to be a source of shame.She wrote a letter to the Entomological Society of Canada outlining Sophia’s struggles and soliciting a penpal to help reassure her daughter.The letter fell into the hands of Morgan Jackson, a PhD student at Guelph University who helped maintain the society’s Twitter account. Moved by the story, he posted a screen shot of Spencer’s letter along with a call for volunteers accompanied by the hashtag #bugsR4Girls.The tweet got an almost instantaneous response. Would-be mentors began messaging their willingness to support Sophia within seven minutes of the tweet going live, according to the paper, and the post itself was shared thousands of times in the following weeks.The call to action then found its way into newspapers at home and abroad, cementing it in journal editors’ minds as a prime example of social media outreach done right.When publishers planned a special edition on the issue of communication, Jackson said he was asked to contribute an account of his efforts on Sophia’s behalf. He said it seemed natural to include a section recounting the campaign’s effects written from the perspective of the person it was meant to help in the first place, which is what led to Sophia’s byline on the piece.“After my mom sent the message and showed me all the responses, I was happy,” reads Sophia’s section in the paper. “I felt like I was famous. Because I was! It felt good to have so many people support me, and it was cool to see other girls and grown-ups studying bugs. It made me feel like I could do it too, and I definitely, definitely, definitely want to study bugs when I grow up, probably grasshoppers.”The paper concluded that when offered a stage with an audience of a million people, entomologists can use it to make a positive impact.“By encouraging a young girl’s love for insects and entomology through an outpouring of community support made possible via social media, entomologists and insect enthusiasts not only made a difference in the life of that one girl, but spread their influence and enthusiasm across the globe,” it said.Jackson said Sophia shows a natural aptitude for science that bodes well for her future as an entomologist.“She’s literally going through the scientific process and making her own discoveries about insect behaviour in the process of playing with them,” Jackson said. “That really struck me as being something special.”Sophia said the bullying has tapered off considerably since last year, a fact that’s as much of a relief to her as it is to her mother.“It’s fantastic for a kid to see that it’s not going to last, that the bullying’s going to stop and she can be who she wants to be,” she said. “That’s all I want for her.”last_img read more


first_img LEAVE A REPLY Cancel replyLog in to leave a comment Twitter Facebook Advertisement Advertisement WHY YVR AIRPORT DESPERATELY WANTS TO FIND RYAN REYNOLDSVancouver Airport president and CEO Craig Richmond is obsessed with finding Ryan Reynolds – and he needs some help.Richmond took some time away from running Canada’s second busiest airport to show off his sketch comedy chops in the airport’s latest social media campaign, #FindingRyan, posted on YVR’s Twitter page. READ MOREYVR WANTS RYAN REYNOLDS TO BE ITS NEW CELEBRITY AMBASSADOR (VIDEO)“We need some help.”It’s a phrase you might not expect from the CEO of an airport that was voted #1 in North America, recently, but it’s exactly what comes out of YVR CEO Craig Richmond’s mouth in the opening sequence of a new video, released by the organization this week. READ MOREVANCOUVER AIRPORT IS TRYING TO MAKE RYAN REYNOLDS THEIR CELEBRITY AMBASSADOR IN HILARIOUS NEW CAMPAIGN (VIDEO)Their video is hilarious!Ryan Reynolds has done some pretty random things over the years and the Vancouver International Airport is now trying to use that to their advantage. One of Canada’s largest airports has been trying to gain the attention of Reynolds in order to offer him a position with their company. Specifically, the Vancouver International Airport wants Ryan Reynolds to be their celebrity ambassador. READ MORE Advertisement It’s been 24 hours and still no sign of Ryan Reynolds… Quote tweet this and tag @VancityReynolds and be entered to win a $2500 travel voucher. Help us spread the word – YVR is a community-based, not-for-profit organization! #FindingRyan— Vancouver Airport (@yvrairport) July 16, 2019 Login/Register With: Ryan Reynolds (Photo by MATTHEW BROOKES) #FINDINGRYAN: VANCOUVER AIRPORT WANTS RYAN REYNOLDS TO BE ITS AMBASSADORThe Vancouver airport’s CEO says YVR’s brand needs some star power and insists there’s only one person who’s right for the job.A nearly three-minute clip posted to Twitter shows airport CEO Craig Richmond in a meeting with staff called “YVR Celebrity Ambassador.”“We need star power. We need a celebrity ambassador, somebody who can get our message out,” Richmond says in the video. READ MORElast_img read more

No joint raid with Turkey on Kurd rebels Iran

first_imgTehran: Iran has denied a claim by the Turkish interior minister that it took part in a joint operation on Monday targeting Kurdish rebels in the border area. In recent weeks, Ankara has talked up the prospects of joint military action with Tehran against the Kurdistan Workers’ Party (PKK) and its allies but Monday marked the first time it had spoken of a joint operation being carried out. “Iran’s armed forces have no role in this operation,” the official IRNA news agency quoted an “informed source” in the general staff as saying on Monday evening. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USHowever Iran “will forcefully confront any group that seeks to create unrest on our country’s soil,” the source added. Earlier on Monday, Turkish Interior Minister Suleyman Soylu said: “We started staging a joint operation with Iran against the PKK on our eastern border as of 8 am (0500 GMT)”. Soylu did not specify where the joint operation was taking place but President Recep Tayyip Erdogan has said previously that joint military action would focus on PKK rear bases in Iraq near where the three countries’ borders meet. The Turkish military has carried out repeated bombing campaigns against PKK targets in Iraq’s northern mountains during its more than three-decade campaign to crush the rebels’ campaign for Kurdish self-rule in southeastern Turkey. In recent years, Tehran too has carried out operations in northern Iraq against suspected rear bases of the PKK’s Iran-focused ally, the Party of Free Life of Kurdistan (PJAK).last_img read more

Youth held for rape attempt

first_imgKolkata: A youth was arrested by the officers of Magrahat police station for allegedly trying to rape a minor girl.The accused also attacked the girl with a sharp object. The victim has been admitted at the Diamond Harbour Hospital. On Saturday night when the girl was alone in her house, the accused tried to rape her. Hearing her scream, some local residents ran to the house and caught the accused and later handed over to police.last_img

New Foreign and Finance Ministers assume duties

The new Foreign Minister said that he will do his utmost to meet the expectations of the President and the Prime Minister and also protect the sovereignty of the country. New Foreign Minister Ravi Karunanayake and new Finance Minister Mangala Samaraweera assumed duties today.Samaraweera assumed duties at the Finance Ministry by signing his first document. He said Sri Lanka’s policy is to be friends to all and have no enemies and engage in economic diplomacy.The Foreign Minister said that Sri Lanka must go forward united as one country by protecting all communities. (Colombo Gazette) Karunanayake assumed duties following religious observances at the Foreign Ministry.

St Catharines mom murdered

In St. Catharines, an elderly woman who was rushed to hospital after allegedly being attacked by her son has died…A little more than 24 hours ago, Niagara police were called to a Geneva Street apartment building. A 911 caller said they’d heard a woman screaming for help inside her apartment. The 76-year old victim was found in serious condition. Her injuries were so bad that she was sent to Hamilton General Hospital, but authorities say she died Thursday. Her 52-year old son, Richard Rogers is in police custody. Its expected he’ll be charged with murder on Friday.

Loonie declines as investors digest US Feds decision not to taper stimulus

Loonie declines as investors digest U.S. Fed’s decision not to taper stimulus TORONTO – The loonie headed lower Thursday as markets began to adjust to the surprise news that the U.S. Federal Reserve plans to keep pumping up the U.S. economy with $85 billion a month of monetary stimulus.The Canadian dollar dipped 0.38 of a cent to 97.45 cents U.S. after flirting with the 98-cent mark in the morning.The U.S. dollar sold off in the immediate aftermath of the Fed statement Wednesday as investors priced in the prospect of more dollars swirling around financial markets.The $85 billion a month in purchases by the U.S. central bank have been part of an effort to stimulate the economy by keeping long-term loan rates low. The move has made borrowing easier and helped boost stock markets around the world.Since May, Fed chairman Ben Bernanke has warned that the stimulus will eventually run out on signs that the U.S. economy is improving.The markets had been expecting the central bank to announced that it would begin tapering the purchases, but instead, Bernanke said he wasn’t convinced the economy was strong enough to support such a move.Philip Petursson, managing director of the portfolio advisory group at Manulife Asset Management, said the Canadian dollar is overvalued.“The fundamentals are tough to justify the dollar at where it is,” Petursson said. “It’s been held higher than where it should be, based on higher oil prices that I don’t think are sustainable, a rally over the last couple of days in gold, silver, copper but I don’t think that’s a long-term trend.”Petursson said the long-term outlook is that commodities will head lower and bring the Canadian dollar down with them.“You certainly don’t see it in the Canadian economic data,” he said of strength in the loonie. “The economic data would indicate that the Canadian dollar should be weaker than where it is today.”The Fed decision sent commodities up sharply Wednesday, and most retained that strength on Thursday. December bullion surged $61.70 to US$1,369.30 an ounce, while December copper was ahead seven cents to US$3.35 a pound. But the October crude contract fell $1.68 to US$106.39 a barrel by Linda Nguyen, The Canadian Press Posted Sep 19, 2013 8:46 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

UN chief appoints expert panel to address humanitarian funding shortfalls

In a statement released by his spokesperson’s office earlier today, the Secretary-General observed that over the last decade, the demand for humanitarian aid had risen “dramatically” amid an uptick in water scarcity, food insecurity, demographic shifts, rapid urbanization and climate change. “All these and other dynamics are contributing to a situation in which current resources and funding flows are insufficient to meet the rising demand for aid,” Mr. Ban’s statement declared. “Humanitarian actors expected to stay longer and longer in countries and regions impacted by long-running crises and conflicts.”Over the past 10 years, the global demand for humanitarian aid has, in fact, risen precipitously. The number of people requiring critical relief has more than doubled since 2004 to over 100 million today and current funding requirements for 2015, according to the UN, stand at $19.1 billion, up from $3.4 billion in 2004. As a result, Mr. Ban has launched his High-Level Panel on Humanitarian Financing with Vice President of the European Commission, Kristalina Georgieva of Bulgaria, and Sultan Nazrin Shah of Malaysia as co-chairs of the Panel. The Panel, which will examine humanitarian financing challenges and identify ways in which the gap between rising needs and the resources available to meet them can be closed, will also work on generating solutions around the issues of more timely and predictable funding, as well as ways in which resources can be used more effectively, according to the statement. The Panel will also include Hadeel Ibrahim of the United Kingdom; Badr Jafar of the United Arab Emirates; Trevor Manuel of South Africa; Linah Mohohlo of Botswana; Walt Macnee of Canada; Margot Wallström of Sweden; and Dhananjayan Sriskandarajah of Sri Lanka. It is expected to submit its recommendations to the Secretary-General in November 2015 which will help frame discussions at next year’s World Humanitarian Summit. read more

These Arent Your RegularSeason Cavs

The Cavs’ second-most-used lineup this postseason, which features José Calderón in place of George Hill, is also without precedent. Cleveland is the only remaining team in the playoffs that has given more than 20 percent of its postseason minutes to a lineup that didn’t see any time together in the regular season.2Although it should be noted that only about half the total playoff field gave more than 20 percent of the team’s minutes to any one lineup of any description. In addition to the Cavs, the Raptors, Pelicans and Rockets have all leaned heavily on a single lineup.Midseason trades and injuries are the primary reasons for this. Right around the time Cleveland acquired George Hill at the trade deadline, Kevin Love missed 20 games with a fractured hand. By the time Love had returned from injury, J.R. Smith had been moved out of the starting lineup to run the team’s second unit. A short while later, Kyle Korver took a leave of absence to deal with a family issue and a nagging foot injury. The lineup had no opportunity for chemistry-building before the playoffs. And even then, George Hill missed three games during their series with the Pacers due to back spasms.Having Hill in the lineup unlocks a major component of Cleveland’s offense. Not only does it give the Cavs another person (besides James) to bring the ball up the court, it also allows Hill and Love to run a pick-and-roll that creates defensive mismatches that are easier to exploit than the mismatches created by the James and Love version of the pick-and-roll. After last night’s game, Love said in the postgame press conference, “And for me personally, setting a 1-5 pick-and-roll, that was something that I missed, especially in the first series when [Hill] was out with his back.”After Game 2 of the Eastern Conference semifinals, LeBron James was asked how happy he was with his team’s chemistry thus far. James noted that it was just their ninth game in the postseason together, but in some ways it was just the ninth game ever for this iteration of the Cavs.Of the seven remaining playoff teams, the Golden State Warriors are the only other club that has been using untested lineups. But now that Steph Curry has returned after rehabbing a knee injury, the Warriors are back to using lineups like the “Hamptons Five,” which they’ve featured throughout the last two seasons.How you view Tyronn Lue, Cleveland’s head coach, colors how you view his postseason lineups. If you think Lue is in over his head, you might believe that he’s making things up as he goes. But if you have more faith in his abilities, you might believe that this has been Lue’s plan the entire time. One piece of evidence in favor of the latter theory is that Lue hinted before the end of the regular season that he had something up his sleeve that he was saving for the playoffs. “We’ll probably do things we haven’t done all season when it comes to the playoffs, things we’ve been working on all year,” Lue told playoffs are meant to be the culmination of everything that teams work on over the regular season. Coaches spend 82 games fine-tuning their schemes, rotations and lineups to find out what works and what doesn’t. By the time the playoffs arrive, there aren’t many stones left unturned. Which is why the way that Cleveland swept Toronto with an untested lineup is so surprising for the Cavaliers and so disappointing for the Raptors.In previous years, when people explained why the LeBron-led Cavaliers improved during the playoffs compared to the regular season, they usually chalked it up the to the team giving more effort — or flipping the proverbial switch. The difference this year is their lineups.Check out our latest NBA predictions. The Cleveland Cavaliers that swept the top-seeded Toronto Raptors out of the postseason in dominant fashion looked completely different from the Cavs team that eked out 50 wins in the regular season. And with good reason: The bulk of Cleveland’s postseason minutes have gone to, quite literally, a different team. Through the first two rounds of the playoffs, the Cavaliers have leaned heavily on a five-man lineup that had never shared the court before.In the team’s series against the Pacers and Raptors, Cleveland’s most-used lineup has been George Hill, J.R. Smith, Kyle Korver, LeBron James and Kevin Love. So far this postseason, they’ve logged 110 minutes together. That’s 110 more than they played together in the regular season. Compared to the Toronto Raptors, whose most-used lineup in the playoffs1OG Anunoby, DeMar DeRozan, Serge Ibaka, Kyle Lowry and Jonas Valanciunas. logged 801 minutes together in the regular season, Cleveland looks like it’s experimenting on the fly. But it’s working. Cleveland’s most-used postseason lineup is outscoring opponents by 41 points, good for third-best in the playoffs. read more

West Indies ready to spring World Cup surprise say coaches

File photoWest Indies can cause a shock – and perhaps even win – the World Cup, according to the England and West Indies coaches.While West Indies’ recent record is not promising – they have not won a bilateral ODI series since 2014, have won only two of their last seven completed ODIs and are currently ranked No. 9 in the world – the coaches of both sides in the current series in the Caribbean believe they are a fast-improving, dangerous side who could beat “anyone on their day”.“I know the right West Indies combination with a fully focussed side can beat anyone on their day,” Richard Pybus, West Indies’ interim coach, said. “I wasn’t at the World Cup qualifiers but, with the group of guys we have now, we feel confident could take down anyone on their day.”Key to West Indies’ improved confidence is the return of several high-profile players. Darren Bravo returned in December, Chris Gayle returned for this series – and has responded with a century and half-century – while Andre Russell is expected to return for the fourth ODI in Grenada on Wednesday. As a result, West Indies look as if they have the firepower to damage more opponents.“The West Indies have been playing some decent cricket over the last 18 months,” Trevor Bayliss, the England coach, agreed. “With the size of their batters and the way some of them hit the ball they can be a chance of winning that World Cup.”While he was unable to confirm whether Gayle had done enough to cement his place as opener at the World Cup, Pybus did say he had made a “very resounding case” and defended his somewhat careful starts in each of the first two ODIs.“I can’t speak on behalf of the selectors but I think Chris has put forward a very resounding case,” Pybus said. “He’s just class really. It’s always great having guys in your side who are a bit scary for the opposition who know full well what they can deliver.“In those first two games, Chris was getting a feel for a spongy wicket batting first. It can be a game of two halves in Barbados. He was playing himself through. But, as we have all seen in T20, he can attack that first powerplay brutally. On good wickets he’ll be going hard pretty early.” (ESPNCricinfo) Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedGayle return ‘huge boost’ for Windies — HolderSeptember 18, 2017In “latest news”West Indies cricket 2016: 3 steps forward, 3 steps backDecember 27, 2016In “Sports”World Cup ‘firsts’ still vivid for West Indies hero LloydFebruary 20, 2019In “latest news” read more

No judgement yet in Anthony Lyons sentence appeal for Griffith Avenue sexual

first_imgA DUBLIN COURT reserved judgement on a sentence appeal by the Office of the Director of Public Prosecutions in its case against businessman Anthony Lyons who has been found guilty of a sexual assault.A three-judge panel in the Court of Criminal Appeal today heard from both sides following a ruling that the initial sentence handed down for the 2010 attack on Griffth Avenue in Dublin was unduly lenient.The aviation broker had already been found guilty of the offence and sentenced to six years. However, the presiding judge suspended five-and-a-half years of the term and ordered Lyons to pay the 27-year-old victim €75,000 in compensation.Last November, the Director of Public Prosecutions was successful in its appeal against the leniency of the sentence. The Court of Criminal Appeal cited an “error in principle” in its ruling.During today’s hearing, the DPP said it did not take issue with the sentence but with “the undue weight the judge put on mitigating factors” such as compensation and remorse.Gravity of offenceSenior Counsel Caroline Biggs, representing the DPP told the court the it is their submission that the trial judge who sentenced Lyons “lost sight of the gravity of the offence and place undue weight” on the compensations aspect of the case.Justice John Murray, who is leading the Court of Criminal Appeal, said that the trial judge had a “duty” to consider compensation in the case, “not as a measurement – by any means – but in addition, to provide something to the victim”.Judge Murray said that sentencing should be a deterrent for the accused of a crime and also for society. He said:Women should be able to walk the streets of Dublin.Senior Counsel for Lyons, Patrick Gageby disagreed that the sentencing was unduly lenient stating that the conviction was “public condemnation”.He said that the crime was a “unique” piece of criminal activity taking place in Lyons “51st year” by a man who was, as he described, “of completely good character and substance”.Gageby said that many of his friends and families made statements to this effect, he said, adding that Lyons has no previous convictions.LenientGageby acknowledged that the 6 month custodial term was lenient, but said the conviction, having to notify the police when he is travelling, being on the sexual offenders register, as well as the “enormous loss of reputation” has impacted on Lyons.Gageby said he would make the same statement had the accused been an unemployed man.“The consequence of sentencing has had a big affect on the claimant,” Gageby said.He added that the media coverage of the trial had a profound impact on Lyons and his family and that he could no longer work in the country.“My client will never be forgotten. He will always be notorious,” said Gageby.Outlining “the totality of hardship” Gageby cited incidents of harassment of his client and family, stating that his business had suffered and that he had been asked to leave his golf club.He said the “sustained coverage” had forced him to move to the UK where he now faces a “lifetime of supervision” by the British police, he said.Going through a large portfolio of media articles, the defense said Lyons was branded a “sex beast” and put on the front pages with the same cohort as convicted rapist Larry Murphy.Judge Murray said this did much to misrepresent what Lyons was convicted for, which was sexual assault which included digital penetration of his victim.However, he did say that the offence committed against the victim was “the ultimate attack on human dignity”.The Court of Criminal Appeal reserved its judgment to a later date.During the initial trial, Lyons admitted to the attack but argued that a combination medication and alcohol were causal factors.Read: Appeal court finds Anthony Lyons sentence too lenient >Read: ‘Unusual sentence’ for sex offender raises doubts about system’s fairness >last_img read more

West Ham to bar fans for life over antiSemitic chants captured on

first_imgWest Ham to bar fans for life over anti-Semitic chants captured on video The video surfaced of supporters on their way to yesterday’s Premier League away match with Manchester United. Sunday 14 Apr 2019, 3:30 PM 11,486 Views West Ham manager Manuel Pellegrini Image: Martin Rickett 14 Comments Tweet thisShare on FacebookEmail this article Short URL Share3 Tweet Email By AFP Apr 14th 2019, 3:31 PM West Ham manager Manuel Pellegrini WEST HAM FANS identified in a video chanting anti-Semitic slogans will be barred for life, the Premier League club says.The video surfaced of the supporters chants on their way to yesterday’s Premier League away match with Manchester United.This follows days after a video captured Chelsea fans singing an Islamophobic song about Liverpool’s Egyptian forward Mohamed Salah, before their Europa League match against Czech side Slavia Prague.Three of the six people in the video were identified and barred.A similar fate awaits the West Hams supporters.“We are disgusted by the contents of the video,” said a West Ham spokesperson. These people are not welcome at our club — they are not welcome in civilised society.- © AFP, 2019 Image: Martin Rickettlast_img read more

House prices

first_img Facebook Twitter: @NeosKosmos Instagram I’m often asked about property: when to buy, when to sell, what’s happening to the market, have we reached bottom yet? The latest RP Data-Rismark Home Value Index reflects a mixed bag, showing capital city house prices fell by 1.2 per cent in May – disappointing given the Reserve Bank’s rate reduction to the historically low 2.75 per cent at the start of May. Still, while monthly stats are informative, most of us need more perspective. The May figures must be put beside the year-on-year house price index, which shows house prices rising in capital cities by 2.9 per cent between May 2012 and May 2013. A city-specific look illustrates this further. While Sydney saw a drop in house prices of 1.0 per cent in May, it also experienced a rise of 3.9 per cent over the previous year. Melbourne recorded a decline of 2.1 per cent in May but saw a rise in house prices of 2.1 per cent over the year. Close followers of house prices are often investors who look for total return on their properties, which combines rental yield and capital appreciation. This can be a good test of overall property health. RP Data has Sydney’s ‘total gross return’ on property at a solid 8.5 per cent, and Melbourne at a respectable 6.0 per cent. These are not as high as most investors want (or as high as Perth 11.3 per cent, Darwin 11.2 per cent and Canberra 7.8 per cent), but they are not low enough to dump property and move into stocks and bonds. We also have to put house prices alongside the Bureau of Statistics’ housing approval numbers. April housing approvals were very small (0.4 per cent growth) but the year to April saw 6.3 per cent growth. So the picture for property – while divided by geography and seeming to be going backwards – is actually showing a slow recovery. Moreover, I always urge people interested in property to take this market in 5 to 10 year windows. Take a look at RP Data’s longer series: the median dwelling price in the three months to May 2013 was $491,000. If you compared this to the median price in 2010 – $507,446 – you’d think you’d gone backwards. But compare the current median price to May 2008 when it was $446,488. That’s a rise of $44,512, or just under 10 per cent growth in five years – five years of global turmoil and financial crisis. Property, in the end, is a medium/long term asset: one step back can be countered by three steps forward. But you have to be patient and strategic: your investment needs time. It can’t reach the peaks if you sell in the troughs. So I suggest people act upon what’s under their control rather than becoming unnerved by property headlines. This means looking at what affects you, and acting on what you can. With the lowest interest rates I’ve ever seen, with unemployment low, and property prices recovering, this is a good time for smart buying. * Mark Bouris is the Executive Chairman of Yellow Brick Road, a financial services company offering home loans, financial planning, accounting & tax and insurance. Email Mark with any queries you may have or check for your nearest branch.last_img read more

Father Joes Villages shelters more tonight due to rain

first_img 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI)- Tonight Father Joe’s Villages will be temporarily expanding services to the homeless due to all the rainy weather.They have transformed their dining room into a temporary overnight shelter for up to 250 people needing a dry place to sleep overnight.In addition, they will be providing overnight guests with a warm meal, all with support from the city of San Diego and the San Diego Housing Commission. Posted: November 29, 2018 KUSI Newsroom Father Joe’s Villages shelters more tonight due to rain November 29, 2018 KUSI Newsroom, Categories: Local San Diego News FacebookTwitterlast_img read more

BtoB CEO Arrested on Embezzlement Charges

first_imgGittlitz was fired from his post at ICD in July 2007. The publisher subsequently filed a lawsuit against him, alleging “fraudulent acts and a breach of fiduciary responsibility.” He partnered with his son, Seth Gittlitz, in the acquisition of Travel Trade magazine last year.ICD owns several hospitality trade magazines, including Hotel Business, HomeWorld Business and Hotel Journal.[PHOTO: Courtesy of Lincolnshire Police Department] Ian Gittlitz, former president and CEO of b-to-b publisher ICD Publications, was arrested Sunday in Chicago on charges that he allegedly embezzled more than $2 million from the publishing company. He is being held on a $2 million bond.Gittlitz [pictured], a New York resident, was apprehended by police while attending the International Home & Housewares Show at McCormick Place in Chicago, Lincolnshire, Illinois Police detective John-Erik Anderson told FOLIO:. Gittlitz was reportedly traveling with a hired guard. If convicted, Gittlitz faces four to 15 years in prison, Anderson said.last_img read more

Murkowski Energy Bill Avoids Hot Buttons

first_imgSen. Lisa Murkowski today released a national energy policy bill. It’s been one of her highest priorities as chairman of the Senate Energy Committee, and she produced the bill jointly with the top Democrat on the committee, Maria Cantwell of Washington. Murkowski says it required compromise; the bill doesn’t include some of the big items on Murkowski’s energy agenda.Download AudioThis bill is heavy on energy efficiency and weatherization, modernizing the electric grid and new technologies. Murkowski says she wants a bill that can actually pass.“This has been an effort through months and months to find common ground on energy issues that not only impact Alaskans, but impact people around the country.”It’s a pragmatist’s bill designed for a polarized Congress. It does not include controversies like the Keystone XL Pipeline and offshore revenue-sharing for states, let alone anything that would open the Arctic Refuge to oil drilling. It also does not include one of Murkowski’s biggest national priorities – ending the ban on exporting crude oil. The senator says she’ll work on that separately.“What you will see is a base bill that is bipartisan in nature, that does not have everything that I would like, but it doesn’t have everything the other side would like. That’s the nature of legislation.”The bill doesn’t direct federal resources to Alaska, or create Alaska-only programs. That would trigger the congressional ban on earmarking. But Murkowski and her staff say the bill has provisions Alaska is well positioned to benefit from. It authorizes federal research on geothermal energy, for instance, and promotes the development of hybrid micro-grid systems, like the wind-and-diesel combos that now power some Alaska villages. It supports state energy programs with loan guarantees, and includes training to produce workers who can build and maintain modern power systems. It doesn’t have financing for the big Alaska natural gas pipeline, but it does speed up the processing of LNG export permits.The Senate Energy Committee will take the bill up next week, and after that it will go to the Senate floor, where, Murkowski, senators will be allowed to offer amendments.“I’ve said before this is not a messaging bill, this is a time to update energy policy, and we’re doing it in the regular course of business.”Murkowski says the bill would reclassify hydropower as a renewable energy.She’s especially proud that the bill would repeal lots of old and redundant energy laws. That, she says, will cut down on the scores of reports Congress requires the Energy Department to produce that no one reads.last_img read more

Potential Deportation Of Food Truck Operator Spreads Fear In Southwest Houston

first_img Share To embed this piece of audio in your site, please use this code: X 00:00 /01:10 Listen Al OrtizArmando ‘Piro’ García used to operate the Taquería Gómez food truck, but ICE agents detained him on February 8th and he is now waiting for his removal from the United States.The recent detention of an undocumented man who ran a popular food truck in southwest Houston has some immigrants in the area worried.Armando García, known as Piro by his friends, used to operate the food truck Taquería Gómez, but he is not doing it anymoreAgents with U.S. Immigration and Customs Enforcement (ICE) detained him on February 8th.A statement from ICE says García had originally been deported to Guatemala in 1994.He re-entered the country and was convicted of misdemeanor assault in 2002.He remains in ICE custody, waiting for his removal from the United States.Yazmin, who declined to give us her last name, works at the food truck and says they have had fewer Latino customers since García was detained.Al OrtizJosé, a Mexican immigrant who used to buy his lunch from Armando ‘Piro’ García, says the topic of deportation keeps now coming up in everyday conversations since ICE detained him on February 8th.“People got scared about what happened and it’s gone down a little bit,” Yazmin noted, speaking in Spanish.José, who didn’t want to use his last name either, usually bought lunch from García.Originally from Mexico and undocumented, he notes the fear of deportation is spreading in this part of town.“It wasn’t like that before. Now, you just go out, talk a little bit and that topic comes up,” explained José, also speaking in Spanish.José adds that he is now sending more of his money to his home country because he doesn’t want to lose his savings if he also ends up deported.García’s common law wife Rosie told Houston Public Media immigration lawyers she has consulted with have told her there are few chances García will be allowed to stay in the country.A campaign has been launched on to raise funds to pay for García’s legal defense.last_img read more