Finance minister P. Chidambaram speaks at India Today Conclave 2007

first_imgP. ChidambaramP. CHIDAMBARAMUNION FINANCE MINISTERIs politics overtaking the new economy? Let us first understand what is the new economy. The new economy for which the doors were opened in 1991 is based on a few fundamental postulates. First, an open and competitive economy. Second, adherence to fiscal prudence. Third, promotion,P. ChidambaramP. CHIDAMBARAMUNION FINANCE MINISTERIs politics overtaking the new economy? Let us first understand what is the new economy. The new economy for which the doors were opened in 1991 is based on a few fundamental postulates. First, an open and competitive economy. Second, adherence to fiscal prudence. Third, promotion of investment, in every sector and from as many sources as possible. Fourth, growth that creates employment opportunity. Fifth, a growth which is inclusive and embraces all the sections of the society. There are, of course, some other elements but I do not wish to make it a very long list. Suffice for my purpose today to emphasise the need for open and competitive economy, adherence to fiscal prudence, job creating growth, inclusive growth and promotional investment. Many believe that the 9.2 per cent growth is despite government, I wish good luck to those who believe that. I think government is critical to growth, therefore it would not be wise to dismiss the role of government.DYSFUNCTIONAL POLITICS CAN IMPACT GROWTH BY PUSHING WRONG POLICY OR BY HOLDING BACK THE RIGHT POLICIES. Now let us define the nature of politics today. In my view, the current politics is determined by the rise of regional parties, the coalitions at the Centre, the dysfunction that seems to characterise law-making by Parliament, the effectiveness of executive and regulatory action and the role of the media.Consider first the regional parties. They have gained a much greater voice today than ever before. Add to this the Left which, while being regional also, has a national outlook and footprint. Then you have coalitions at the Centre. Today it is a Congress-led coalition and two years back was led by the BJP. Both coalitions have a dominant presence of regional parties which are not wedded to any ideology and can shift from one coalition to another. I believe we will see more coalition governments not only at the Centre but also in the states. This is because people are unwilling to trust absolute power to any one political party. So, we must understand this . Now consider the role of Parliament-it is essentially to make law. But Parliament makes few laws these days and chaos rules. The Appropriation Bill is passed mostly without debate. The Vote on Account is taken without debate and amendment to the Banking Laws was made without debate. Surely, some day, civil society will ask is this law or the intended law? Can you make law without debate? Dysfunctional status of Parliament is something we should worry about. Contrast that with the role of executives and regulatory agencies. Policy decisions, which require no Parliamentary approval, are moving smoothly. So are executive and regulatory actions. Then finally there is the media. It is no longer possible to say that the media has no role in shaping politics. The media is playing a very powerful role and sometimes a disconcerting role. Pricing power to one section of industry also brings advertising power and thus lobbying power. I think the media must recognise its power and therefore must voluntarily place limitation on how it presents news, how it fosters debate and how it takes a position in the editorial columns.advertisementP. ChidambaramSo, is politics overtaking the new economy? My answer is the politics shaped by these forces has clearly overshadowed the economic reforms. As one put in a position to carry out economic reforms, I do not say that we are overwhelmed or that we feel that we have been defeated. Has the new politics overtaken the new economy? Well, thankfully not. If it did we would not have 9 per cent growth. The economy continues to move at a brisk pace. Thanks to the entrepreneurial skills and energies of our people. The young generation of India today is driven by the desire to create wealth. Inventiveness, innovations, entrepreneurial skills and risktaking are driving India’s economy. I do not think any political factor can ever overwhelm that force. Dysfunctional politics though can impact growth by pushing wrong policy or holding back right policies.While there is a welcome check on governmental neglect and carelessness, politics is currently not supportive of good economics. Good and forward-looking politics can drive India’s growth to 10-plus per cent.DiscussionQ. How do you balance attracting foreign investment with the interests of the Left parties and of the common man? Chidambaram: It is not easy because of the current state of politics. The large number of regional parties, in a coalition or supporting a coalition, have necessarily to defend their interests. I think one must show a great deal of empathy for the political process that we are working with today. This is a new and a very difficult process.advertisementQ. We need to bring structural reforms in social sectors if inclusive growth is to be a reality. Chidambaram: Many of these issues cannot be addressed by the Central Government. Many of them have to be addressed at the state level and the sub-state level. To ask the Central Government to take responsibility to address these is asking it to do the impossible. Therefore, we must ask ourselves the question, what is the quality of people we are electing at sub-state and state levels and not only look at Parliament and the Government of India. There is so much to be done at the state and the sub-state levels.Q. Do we need to take a fresh look at Central, state and concurrent list of subjects which were drawn 60 years back to ensure accelerated and inclusive growth? Chidambaram: In politics, there are two contrary pulls today. One section believes that since states are neglecting their responsibilities, the Centre must take over areas like primary education and primary healthcare. The other view is that the Centre has no business in these areas and should shed its responsibilities in favour of the states. I think this debate has not reached a final conclusion. Over the past decade, the debate seems to be swinging in favour of the Centre playing a more active role. I don’t know though how the Centre can manage all these responsibilities.Q. What we are concerned about is majority or minority view should not suppress the other view. Our perception is that the tail is wagging the dog. How can industry help you in this? Chidambaram: Well, certainly industry can help if it stops complaining about the little tweaking of a tax rate here or a tax rate there. Industry is doing well, so is the services sector. I offer my congratulations. But when the government turns its attention to neglected sectors, industry must willingly share that burden. Industry must play a role in macro economic stability. You can’t only look at balance sheets. The latest figures show inflation rates for primary foods and fuel have come down while they have gone up for manufacturing. Please don’t allow core inflation to be entrenched.Q. GDP growth is 9 per cent, it could be 15 per cent also, if we have good governance and a bureaucracy that is answerable. Chidambaram: I think it is unfair to paint the whole bureaucracy with the same brush. Bureaucracy is like a horse. If you know how to ride your horse, you can get things done or you will be taken for a ride. Today, the individual in society is far more empowered that ever before with provisions like the Right to Information Act. You should use these to place a check on the government.last_img read more

The Manual Wind: Conquest to Heritage

first_img This Belgian-Monastery-Turned-Hotel Has Us Craving a Trip to Antwerp The Best History Podcasts for Learning About Everything From Pirates to Presidents For Sale: A Treehouse in the Suburbs Designed by John Lautner A Peek Inside the Joseph Abboud Factory: Italian Fabric, Made in America Editors’ Recommendations The throwback timepiece is a theme holding strong within the watch world.  Brands are digging deep to pull out their history’s best designs and reinvent them for the new consumer.  With this simple concept, the deeper the history the more profound the designs.  Having been the first official timer of the modern Olympics, Longines is one of those brands with plenty of history to recall.  Their new release takes it back with there cushion shape chronograph, the Heritage 1973.  A remake of their original cushion chronograph, the Conquest, the case has stayed the same but all else is different.Staying true to the Conquest in it’s size, the Heritage 1973 has good wrist presence at 40mm in diameter;  the cushion style case takes care of that.  Making this a true modern throwback are the dial, finishes, and movement.  Offered in a couple of dial variations, silver and black, subdial finishes differ as well as accents.  The case finishing is both matte and shiny for a more modern look as well.  Under the dial lies an ETA based column-wheel chronograph with exhibition case-back to complete this timepieces’ modernization.  A high quality movement is just an added bonus from yet another brand under The Swatch Group umbrella.Longines has joined the ranks of the remake watch culture with this 1973 tribute chronograph.  With its detailed finishes and movement, The Heritage 1973 chronograph is all new on the inside but stays true to form on the out.  With a Swatch Group boost, this new release has achieved both exceptional style and value all priced at a very reasonable $3,250. 7 Frank Lloyd Wright-Designed Homes that You Can Rent for Your Next Vacationlast_img read more

Six Countries Continue Search for the MH370

first_imgamsa, March 26, 2014 zoom The search for any signs of the missing Malaysia Airlines aircraft in the Australian Search and Rescue Region continues with six countries taking part in the search and recovery operations. The six countries are – Australia, New Zealand, the United States, Japan, China and the Republic of Korea. The search is now split into three areas within the same proximity covering a cumulative 80,000 square kilometres.Weather conditions have improved in the area and HM AS Success is now on its way back to the search area. On its arrival, HMAS Success will conduct a surface sweep of an area identified on Monday afternoon by a RAAF P3 Orion as the location for several objects of interest.China’s polar supply ship Xue Long is expected to arrive in the search area later this morning. AMSA has tasked a total of 12 aircraft today to search for possible objects in the search area. Five civil aircraft will be involved in search activities today and will have AeroRescue Aviation Mission Coordinators on board.A total of 34 State Emergency Service (SES) volunteers from Western Australia will again be air observers on board the civil aircraft. A total of seven military aircraft will join search operations today.last_img read more

New CEO Taking Helm at Bahri

first_imgzoom National Shipping Company of Saudi Arabia (Bahri) has appointed Abdullah Aldubaikhi as the company’s new Chief Executive Officer, effective January 1, 2018.As explained by the company, Aldubaikhi will be responsible for setting and overseeing the implementation of Bahri’s core strategic direction “to further cement its … position in the maritime industry, and lead the company’s expansion into new growth markets while seeking new revenue streams.”He will also lead Bahri’s ongoing efforts “to integrate innovation into its business model.”The appointment was made at a time when the company is gearing to enter a new phase of expansion and development following its growth over the past few months.“We have reinforced our strong foothold in the global maritime sector, and now are looking to the future with a renewed commitment to playing an even bigger role in strengthening the Kingdom’s position as a … regional logistics gateway,” Abdulrahman M. Al-Mofadhi, Chairman of Bahri, pointed out.Commenting on his appointment, Abdullah Aldubaikhi said: “My immediate priority will be charting short and long-term goals for Bahri while strengthening the company’s commitment to the Saudi Vision 2030 and ensuring a positive impact on the continued growth of the global maritime sector through ambition and innovation.”A Saudi national, Aldubaikhi joins Bahri from Saudi Agricultural and Livestock Investment Company (SALIC), where he served in the same role for six years.Aldubaikhi is a member of the joint business councils between Saudi Arabia and the nations of Canada, Russia and France, and sits on the board of directors of several local and global companies, including Bank Alkhair, Alessa Industries, Abdullah Abdulghani & Bros. Co. W.L.L., G3 Global Grain Group (G3), and United Farmers Holding Company (UFHC).last_img read more

Province Supports Community Clean Energy and Transportation Projects

first_imgSupport is now available for Nova Scotia communities that want to pursue clean energy and transportation projects that lower emissions and build on Nova Scotia’s successes in fighting climate change. Energy and Mines Minister Derek Mombourquette announced today, June 20, that the Low Carbon Communities Program is being combined with Connect2 and the new program is open for applications. “These investments continue to create green jobs across the province while improving the environment and our communities,” said Mr. Mombourquette. “We are a North American leader in fighting climate change and we are committed to doing even more.” Municipalities, Mi’kmaw communities, not-for-profit and other organizations are eligible for both the Low Carbon Communities Program and Connect2, the province’s sustainable transportation program. Combining the programs makes it easier and faster for these organizations to apply. Last year the Low Carbon Communities Program provided $75,000 in funding to the Clean Annapolis River Project for renewable energy initiatives. “We want to demonstrate in a tangible way that clean energy is something that can be a reality for homes and businesses in the Annapolis Valley area,” said Levi Cliché, executive director, Clean Annapolis River Project. “Funding from this program is what we needed to make sure we had staff and professional expertise to get started on the right track.” The province will invest up to $1.2 million to support community solar, district energy, public building efficiency, active transportation, zero-emission vehicles and other projects that can lower emissions. Funding can be used for community planning, feasibility studies, public engagement sessions, program promotion and demonstration projects. Applications will be accepted until Sept. 20. For more information, visit .last_img read more

Five more rebel Karnataka Cong MLAs move SC against Speaker

first_imgNew Delhi/ Mumbai: Five more rebel Congress MLAs from Karnataka moved the Supreme Court on Saturday against the Assembly Speaker not accepting their resignations. These MLAs are Anand Singh, K Sudhakar, N Nagaraj, Munirathna and Roshan Baig.They have sought impleadment in the already pending application filed by the 10 other rebel MLAs on which the hearing is scheduled for Tuesday. These 10 rebel MLAs of Congress- JD(S) coalition who moved the apex court earlier alleging that the Speaker was not accepting their resignations were Pratap Gouda Patil, Ramesh Jarkiholi, Byrati Basavaraj, B C Patil, S T Somashekhar, Arbail Shivaram Hebbar, Mahesh Kumathalli, K Gopalaiah, A H Vishwanath and Narayana Gowda. Also Read – Squadrons which participated in Balakot air strike awarded citations on IAF DayHearing their plea, the Supreme Court had on Friday restrained Karnataka Speaker K R Ramesh Kumar from taking any decision till Tuesday on the resignation and disqualification of these 10 MLAs. Citing “weighty issues that have arisen”, the apex court said it will consider the matter on July 16 and ordered that the status quo as of Friday should be maintained. The resignations of these MLAs has plunged the H D Kumaraswamy government in Karanataka into a crisis as it faces the risk of losing its majority in the Assembly. Apart from the question of maintainability of the writ petition filed under Article 32 of the Constitution by the MLAs, the apex court had said that it needs to address as to whether the Speaker is obligated to decide on disqualification proceedings before accepting the resignations of MLAs. Also Read – SC declines Oil Min request to stay sharing of documents on Reliance penaltyThe counsel for the rebels MLAs had contended that the Speaker has not decided on the resignations of the lawmakers to bind them with the party whip and disqualify them from the membership if they violate the whip on the floor of the House. Meanwhile, 14 rebel MLAs from Karnataka, who have been camping in Mumbai since the last week, Saturday headed to Shirdi. The rebel legislators of the Congress-JD(S) will pay obeisance to Saibaba at the temple in Shirdi in Ahmednagar district. “The MLAs left for Shirdi in a private plane,” sources said. On Friday, four of the 14 legislators had visited the Siddhivinayak temple in central Mumbai and offered prayers to Lord Ganesh. The legislators have been camping in Mumbai since last Saturday.last_img read more

Not enough fruits veggies grown to feed global population a healthy diet

first_imgThe world’s agriculture producers are not growing enough fruits and vegetables to feed the global population a healthy diet, according to new Canadian-led research.The study, published this week in the scientific journal PLOS ONE, indicates that agricultural practices aren’t keeping step with prevailing dietary wisdom, greatly overproducing grains, sugars and fats while growing three times less produce than what nutritionists suggest everyone should consume.The study, led by researchers at the University of Guelph and completed by a team of more than a dozen scientists in Canada and the United Kingdom, also stressed that a focus on growing more fruits and vegetables should go hand in hand with reduced reliance on livestock production in order to limit the agriculture sector’s overall impact on the environment.“We just wanted to ask the question, ‘is what we’re producing globally matched with what nutritionists recommend,” said University of Guelph professor Evan Fraser, who co-authored the study led by Krishna KC, a researcher at the school. “The answer is no.”The study contrasted United Nations agriculture production data from 2011 with the nutritional guidelines set out in the Harvard Healthy Eating Plate or HHEP model, an internationally recognized blueprint for consuming a healthy diet.The study said the HHEP advises that 50 per cent of a person’s diet should be comprised of fruits and vegetables, with 25 per cent dedicated to whole grains and the last quarter reserved for a combination of protein, fat and dairy. The study notes that the Canadian Food Guide, updated last year, calls for 27 per cent less produce, 34 per cent less protein and 60 per cent more dairy than the HHEP model.In order to feed everyone according to the HHEP’s guidelines, the study found global agriculture would have to produce 15 servings of fruits and vegetables per person per day. The 2011 data, however, suggested current practices were yielding just five servings.The study also documented a smaller shortfall in protein production, with three servings per person per day produced compared to the five recommended by the HHEP.Fraser said other food groups, however, were being grossly overproduced.The study said agriculture should produce one serving each of oil and dairy, zero servings of sugar, and eight servings of whole grains per person per day to keep the population in compliance with the HHEP.Instead, it found 2011 agricultural practices were yielding three servings of oil and fat, four of sugar, one of milk and a whopping 12 servings of grains per day.Fraser said there are numerous, complex reasons for much of the overproduction, noting that people in impoverished countries often focus on growing grains because they offer a cheap, easy source of calories.But he said government subsidies and industry lobbies also played a significant role, citing a long-standing, multibillion-dollar U.S. government subsidy for corn growers as one example.Fraser said the current crop-to-diet ratios play a direct role in levels of diabetes, obesity and other conditions strongly tied to diet, adding the shortfalls and their ensuing results would only intensify as the earth’s population continues to climb.Nor is the solution as simple as merely growing more fruits and vegetables.Fraser said that if the agriculture industry immediately corrected its imbalances and shifted its production priorities to align with the HHEP, a new problem would emerge.He projected doing so would free up 51 million hectares of arable land globally, but the total amount of land used for agriculture would jump by 407 million hectares thanks in part to increased availability of pasture for livestock. Greenhouse gas emissions would also rise as a result, the study predicted.Fraser and the team of researchers said a focus on growing more fruits and vegetables should be accompanied by reduced reliance on livestock in order to keep the global food supply sustainable.Fraser said he “cannot imagine an agro-ecosystem without animals in it,” arguing animals play a role in cycling nutrients in the environment and preserving the quality of certain types of land.But he said the best path forward would couple a significant increase in fruit and vegetable production with a shift away from animal protein.“If we want to move forward to feed the future … and we want to be healthier and we don’t want to increase the amount of land that agriculture uses, we both have to shift to a Harvard Healthy Eating Plate model and we have to shift our protein consumption away from livestock-based to plant-based,” he said.last_img read more

Australia notes Sri Lankas support on people smuggling

The discussions on the mineral industry were among the several agenda items for the Deputy Minister’s visit which sought to develop collaborative and innovative relationships between the two countries. The Deputy Minister was following up on the discussions relating to the visit of Prime Minister Ranil Wickremesinghe in February 2017.The need for mapping of Sri Lanka’s mineral resources which has never been done was discussed during the Prime Minister’s visit. The Deputy Minister held discussions with officials of GeoScience Australia which is the repository of data on Australia’s natural resources. He pointed out that an island wide survey of Sri Lanka’s mineral resources is a prerequisite for Sri Lanka to utilise the potential of the mineral industry and get investors interested in establishing linkages from Sri Lanka to global production networks. GeoScience Australia responded positively regarding bringing Australia’s experiences and expertise to Sri Lanka and undertaking a needs assessment visit. The Deputy Minister was on a visit to Australia last week on an invitation extended by the Australian Government under their Special Visitor Program sought to utilise the expertise of Australia which is one of the world’s leading explorers of minerals and metals, to expand the investment opportunities in the mineral sector of Sri Lanka. Foreign Minister Bishop expressed support for the Government’s reconciliation efforts and conveyed Australia’s appreciation for Sri Lanka’s cooperation in combatting people smuggling, the Foreign Ministry said. Australia has conveyed its appreciation for Sri Lanka’s cooperation in combatting people smuggling.Deputy Foreign Minister Harsha de Silva called on Australian Foreign Minister Julie Bishop where a range of issues of bilateral interest and concern were discussed. In Melbourne, the Deputy Minister visited the Australian Nuclear Science Technology Organisation (ANSTO) and the Australian Synchrotron which is a world-class research facility that uses accelerator technology to develop scientific applications in sectors from medicine and nanotechnology to manufacturing and mineral exploration. The Deputy Minister invited the scientific leadership at the Australian Synchrotron to focus on finding root causes of chronic kidney disease of unknown etiology (CKDu) which is affecting several tens of thousands, mainly farmers, in the North Central Province of Sri Lanka.During discussions with Asialink at Melbourne University, the Deputy Minister reached an agreement to send teachers at Sri Jayewardenepura Kotte Maha Vidyalaya who are piloting Sri Lanka’s first ever “cloud smart classroom” on a tour to Australia to learn from Australian practitioners about applying technology in the classroom.The Deputy Minister also met with officials of the Business Council of Australia in Melbourne and discussed a proposal to prepare a presentation to be shared with the top 100 Australian CEOs about the opportunities for investment in Sri Lanka. He also discussed expansion plans of Sri Lankan operations of KOOKAI, an Australian owned fashion label which has a significant presence in Sri Lanka. Deputy Minister was accompanied by High Commissioner Somasundaram Sakandakumar and Consuls General in Sydney and Melbourne, Lal Wickrematunga and Prasanna Gamage to the meetings. (Colombo Gazette) During the visit the Deputy Minister had two speaking engagements where he delivered a public seminar titled “Sri Lanka in Transition: Opportunities and Challenges” at the South Asia Research Centre of the Australian National University in Canberra and a Roundtable Discussion at Asialink, Melbourne University  with academics, INGOs, and business community. read more

Celestica secondquarter profits fall 48 revenues climb as it loses RIM

TORONTO – Celestica Inc. (TSX: CLS) says its second-quarter earnings plunged 48 per cent amid weaker revenue and warned sales will continue to be hit this year as it copes with winding down manufacturing for Research In Motion (TSX:RIM), once its largest customer.The electronics component manufacturer said Friday it earned $23.6 million, or 11 cents per share, down from $45.7 million, or 21 cents per share in the quarter a year earlier.Revenue sank to $1.74 billion from $1.83 billion in the 2011 quarter as it began winding down operations for RIM.However, analysts had expected revenue of only $1.69 billion and its shares rose seven per cent, or 53 cents, to close at $7.92 on the Toronto Stock Exchange Friday after being beaten down following the initial RIM announcement in June.On an adjusted basis, the year-over-year difference was slightly narrower, with earnings this quarter of $47.1 million, or 22 cents per share, compared to $58.7 million, or 27 cents per share in the year-earlier. The adjusted earnings missed analysts’ expectations by two cents per share.Celestica, which makes electronics components, announced in June that it would cease manufacturing services for RIM over the next three to six months as the struggling BlackBerry maker looks to cut costs with its suppliers. The company expects to complete manufacturing for RIM by the end of the third quarter.The company said its second-quarter results were hit by a $21.8-million charge related to the wind-down of RIM operations. It also booked a two cent per share charge related to higher than expected income taxes, as well as a three cent per share charge on stock-based compensation.During the second quarter, RIM represented 17 per cent of total revenue and Celestica expects revenue from RIM to decrease to 10 per cent of total revenue by the third quarter.However, as the company has been focused on diversifying its customer base over the past few years, its portion of revenues from diversified end markets represented 19 per cent of total revenue, up from 13 per cent in the year earlier.Because RIM was such a significant customer, the company said it will take additional restructuring actions in 2012 to reduce its cost structure, but it did not elaborate on what those actions are.It expects to book between $40 million and $50 million in total restructuring charges by the end of 2012, of which $20.1 million was booked in the second-quarter.Celestica said the RIM-related wind-down, as well as a challenging demand outlook has led it to believe that revenue in fiscal 2012 will show negative growth and that it will no longer achieve its three-year annual revenue growth target of between six and eight per cent.For the third quarter, the company anticipates revenue to be in the range of $1.6 billion to $1.7 billion, and adjusted net earnings per share to be between 17 cents and 23 cents. Analysts had expected earnings of 24 cents per share.The company has been hit by a steady decline in orders recently as extreme volatility continues to roil stock markets and deplete business confidence.It has been working for years to reduce its reliance on a small group of customers, especially those that produce consumer gadgets, like struggling RIM, which once represented as much as 20 per cent of its business.A decline in orders for RIM’s BlackBerry smartphone, due in part to the growing popularity of rival Apple Inc.’s iPhone, has hit Celestica as well because it means fewer orders for the components of the devices it produces for the telecommunications company.“Our priorities continue to be further diversifying our customer base and developing new capabilities to increase the value we deliver to our customers, while taking measures to prepare for an increasingly difficult economic environment,” said Craig Muhlhauser, Celestica president and chief executive officer.As part of its ongoing strategy to diversify its customer base, the company also announced Friday it has an agreement to acquire California-based D&H Manufacturing Company, a components manufacturer for semiconductor equipment for about $70 million. D&H generates about $80 million in revenue and has about 350 employees.Celestica expects the deal to close in the third quarter.“The acquisition further strengthens Celestica’s diversified markets offering and will allow us to provide our customers with additional capability in large scale and high quality precision machining,” said Muhlhauser.Toronto-based Celestica supplies components and equipment in the communications, computer, telecom aerospace, defence and other markets.Celestica used to be a division of IBM Canada (NYSE:IBM) and was later sold to Onex, one of Canada’s largest investment companies with interests in aerospace, health-care and many industrial and services sectors.Toronto-based Onex has a minority equity stake but majority voting rights in the company. by Sunny Freeman, The Canadian Press Posted Jul 27, 2012 5:22 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Celestica second-quarter profits fall 48%, revenues climb as it loses RIM read more

Most actively traded companies on the TSX TSX Venture Exchange

Most actively traded companies on the TSX, TSX Venture Exchange by The Canadian Press Posted Jul 24, 2014 3:04 pm MDT Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (15,445.04, up 60.59 points):Chinook Energy Inc. (TSX:CKE). Oil and gas. Up 12 cents, or 5.43 per cent, to $2.33 on 16.7 million shares.Talisman Energy Inc. (TSX:TLM). Oil and gas. Up four cents, or 0.34 per cent, to $11.80 on 7.2 million shares.Romarco Minerals Inc. (TSX:R). Miner. Up four cents, or 4.60 per cent, to 91 cents on 4.7 million shares.B2Gold Corp. (TSX:BTO). Miner. Up 17 cents, or 5.99 per cent, to $3.01 on 4.5 million shares.Contrans Group Inc. (TSX:CSS). Transportation. Up 51 cents, or 3.46 per cent, to $15.25 on 4 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace. Down five cents, or 1.35 per cent, to $3.65 on 3.4 million sharesToronto Venture Exchange (1,017.44, up 5.79 points):Sunset Cove Mining Inc. (TSX:SSM). Miner. Unchanged at one cent on 5.7 million shares.Cardiff Energy Corp. (TSX:CRS). Oil and gas. Down one cent, or 14.29 per cent, to six cents on 5 million shares.Companies reporting major news:TransForce Inc. (TSX:TFI). Transportation. Up $2.64, or 10.48 per cent, to $27.82 on 708,131 shares. Canada’s largest trucking company, TransForce Inc., is set to become a national powerhouse in the specialized trucking business with a proposed friendly takeover of Ontario-based Contrans Group. Contrans provides bulk, tank, flatbed and other transportation services in Canada and parts of the United States. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

Devon town becomes magnet for begging tourists earning up to £35k a

first_imgA mayor has complained that her prosperous Devon town has become a magnet for “begging tourists” who police claim could be earning up to £35,000 a year.Rosie Adams, the mayor of Totnes, said that “people are coming from other places” to beg.”I hate to say it but we have begging tourists,” she said. “They are coming in from other places and actually spoiling it for our local people.”There is no need in Totnes for anyone to go hungry. They should not feel in any way scared. It’s obviously an ideal place for beggars to come to.” Typically, beggars in Totnes are raising between £50 and £100 a day. I heard one individual bragging that he raised £139 a few days agolocal police statement “Our approach in maintaining the status quo coupled with how attractive it has become to beg in Totnes, has drawn others from further afield who have brought with them their own begging style.”We have received reports of shoppers being aggressively harassed for money, followed up the road, abused, threatened with violence and intimidated at cash machines. We will not tolerate this and our stance has now changed.”  The police say money given away to beggars might not be spent in the way it was intended to be.The police continued: “A lot of the beggars in Totnes battle with some form of addiction. Also, many may appear homeless. They are not.”Most choose to live as they do and often return to their accommodation at night. Readily having money to buy heroin does nothing to encourage an addict to change their lifestyle.”Police denied this was a “begging crackdown” but said they will enforce the law to stop aggressive begging. The mayor of Totnes has complained about 'begging tourists'center_img Police have confirmed that aggressive beggars have been harassing passersby in the town.They said that beggars in the town raise up to £100 a day – the equivalent of up to £35,000 a year.The local police said in a statement: “Historically we have taken a fairly relaxed approach to persons begging on Fore Street and High Street.”As you know begging is an offence under the Vagrancy Act, however we have shown a degree of discretion due to the very low level, friendly, passive begging style.”Typically, beggars in Totnes are raising between £50 and £100 a day. I heard one individual bragging that he raised £139 a few days ago. The mayor of Totnes has complained about ‘begging tourists’Credit:SWNS Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings.last_img read more

Launch of Vacon 100 FLOW for pump applications

first_imgGlobal AC drive manufacturer Vacon® has announced its new VACON 100 FLOW, an AC drive specially optimised for pump and fan applications. The new AC drive offers versatile flow control for water and wastewater and building automation applications, further strengthening the wide range of the VACON 100 product family. VACON 100 FLOW is the newest member of the third-generation VACON 100 product family. Other products in the family include: VACON 100 multipurpose AC driveVACON 100 X decentralised IP66/UL Type 4X-enclosed AC driveCombining the core design of VACON 100 with dedicated functions that can benefit flow control processes, the new AC drive also improves the efficiency and redundancy of pump systems, offering advanced features such as Multimaster and Multifollower for controlling multiple pumps simultaneously.“Pumps, compressors and fans – these applications benefit massively from improvements in energy efficiency and reduced lifecycle costs. In this respect, we think that VACON 100 FLOW offers much more than any other AC drive on the market today,” says Heikki Hiltunen, Executive Vice President, Market Operations.VACON 100 FLOW is available in the power range of 0.55 kW to 160 kW and in a voltage range of 230 V to 500 V.last_img read more

Four people broke their wrist in a week in Galway last year

first_img Share657 Tweet Email3 30 Comments Source: Shutterstock/Dean DrobotFOUR PEOPLE BROKE their arms in a week last summer in the west of Ireland as a direct result of taking selfies using their phones.A study published in the Irish Medical Journal suggests that, given the prevalence of the unique injury, it may be time for Irish hospitals to list it on admission forms as unique patient issue.The four people were all taking photos of themselves using their phones. All four injuries were inflicted to the opposite arm to that holding the phone, suggesting the fractures were inflicted as a direct result of the person trying to save their phone.Interestingly, no props, such as selfie sticks, were involved.The four cases involved: Jun 12th 2017, 10:58 PM Short URL By Cianan Brennan 39,047 Views Four people broke their wrist in a week in Galway last year… taking selfies The four people in question all broke the opposite arm to that which was holding the phone. Source: UCHGThe researchers from the Department of Trauma and Orthopaedic Surgery at University College Hospital Galway (UCHG), at which all four people presented with their injuries, said that all four fractures were the same  – distal radius fractures, or broken wrists.“As social media platforms promote and popularise selfies, the associated hazards and potential injuries need to be reported and published,” the researchers argue in their paper.While taking selfies, proprioception and spatial awareness is often poorer, as attention is focused on a mobile device.“We were surprised by the high number of injuries over a week-long period, also the demographic of the patients was not specific to a certain age group, hence it is important to remind all age groups that when using mobile phones for selfies that care needs to be taken as people seem to focus on the perfect picture more than the surrounding environment and hence are more prone to falls and injuries,” Rebecca Lyons of the Department of Trauma and Orthopaedic Surgery told TheJournal.ieIt is time that hospitals recognise that such injuries are no longer unique, Lyons argues, but must be recognised officially as the result of a specific hazardous activity.“The Hospital Inpatient Enquiry System (HIPE) is the mechanism of how we code for injuries in hospitals, an injury due to a selfie is not a known diagnosis on this system, so it is inevitable that we are grossly underestimating the amount of trauma and injuries due to taking selfies and hence never think of it as a hazardous activity,” she says.As the summer months approach and weather improves, it is important that the public remember to take care when trying to get those perfect pictures, so they don’t end up on an in cast or on an operating table.Read: Obesity ‘epidemic’ affects one in 10 people worldwide – studyRead: Madrid is putting up signs to stop ‘el manspreading’ on its buses A teenage girl on a trampoline who collided with a friend while taking a selfie before falling and fracturing her armA 17-year-old girl who fell while running up steps on a seaside promenadeA 27-year-old  sportswoman who fractured her arm while trying to take a selfie with her teammates on stairsA 40-year-old woman who took two steps backward while taking a selfie at a ‘well-known tourist attraction’, and fell onto rocks Monday 12 Jun 2017, 10:58 PM Tweet thisShare on FacebookEmail this articlelast_img read more

Late season US wildfires choke cities towns with smoke

first_imgBOISE, Idaho — Heavy winter snow and a very wet spring for the Western U.S. generated predictions the 2017 wildfire season would be tame. But it’s shaping up to be one worst in U.S. history in land burned.Across the region, smoky haze in cities and towns prevented people from going outside except for short periods and prompted potential bans of high school football games. In some areas where homes have burned, people have stayed in makeshift shelters for weeks.Some of the biggest fires this year started in early September, when the wildfire season usually starts winding down.A look at the impact of the fires across the region:IDAHOHigh school soccer games have been canceled this week because of smoky air — and now football stadiums could remain vacant for the biggest games this Friday night.That’s because Idaho air quality is so bad in some places that children and teens must be kept indoors and activities like football and soccer must be avoided, said the state Department of Health and Welfare.“There would be a lot of disappointed kids and disappointed parents if games are canceled,” said Kathleen Tuck, spokeswoman for the Nampa School District in southwestern Idaho. “But our top priority is the safety of our students.”last_img read more

Time Out New York Launches ECommerce Daily Deals Platform

first_imgFrom a strategic standpoint, it’s also a revenue generator for the company. TONY receives a revenue share from all transactions—a percentage that varies depending on the vendor relationship, says van der Wal. For restaurant bookings, TONY partners with reservations site OpenTable; for theater tickets, the company works with local theaters. Daily deals are mostly offered through existing advertisers and is “an extension of what we offer our business partners,” says van der Wal. “When people used to come to our website and start planning their evening, they subsequently had to go to other websites to book,” says Aksel van der Wal, president of Time Out North America and COO of Time Out Group. “From our perspective, it’s a much better user experience if they can book on our website as well.” TONY’s print circulation is just under 150,000, while it’s main website drew 1.85 million unique visitors in February—according to van der Wal, a 91 percent increase since Oakley’s acquisition of the company last May. Moving forward with an expanded focus on digital media, Time Out New York (TONY) has integrated e-commerce and daily deals into its website and newly-launched apps.Users can now purchase theater tickets and book tables at restaurants directly through the site and apps. TONY’s new “Offers & Experiences” platform offers daily discounts from local niche companies.center_img Despite this push to a digital focus, van der Wal says Time Out has no current plans to back off print. “Print is still extremely important for us,” he says. “Like with any print product in the last years, print is under pressure. That’s no news. But it’s still a crucial part of our offering.” The new apps, for iPad and iPhone, are designed to offer relevant, targeted suggestions based on user activity and are powered in part by the personalization algorithm provided by LikeCube, a UK-based semantic analysis company Time Out acquired last August. The apps will also offer picks from TONY editors.The iPad app will launch in London within a couple of months, and van der Wal expects some of the company’s licensees in 35 global cities to have “picked it up” by then as well.Formation of a Global Digital Media GroupPrivate equity firm Oakley Capital acquired a majority stake in Time Out New York last May, following its initial investment in Time Out London in November 2010, with the goal to create a global digital media group called Time Out Group. Part of the plan was to develop a single multi-channel online platform powered by a central content database and transaction engine. TONY’s shift to the new domain is a move to unify the site with Time Out Group’s other global properties.Since Oakley’s acquisition, Time Out also purchased daily deals site Keynoir and luxury shopping site Kelkoo Select, in November and December respectively, in an apparent attempt to acquire the companies’ e-commerce capabilities.last_img read more

Two planes collide north of Anchorage one dead upon Susitna River crash

first_imgUPDATE: 3:30 p.m.Investigators say two small airplanes collided in the air west of Anchorage about noon today.Listen nowOne plane crashed in water at the mouth of the Susitna River – killing one person on-board – while the other was able to continue flying to Anchorage, where it made an emergency landing.Clint Johnson, head of the National Transportation Safety Board’s Alaska Region, says the pilot who landed the damaged Cessna 175 in Anchorage reported the planes were flying directly at each other.“He suddenly saw an airplane that was basically spinner to spinner, nose to nose. He made an evasive maneuver by pulling back on the yoke, which obviously the airplane climbed very quickly,” Johnson said. “There was a collision. Don’t know where the other airplane was struck, but it struck his nose gear and left landing gear, sheered both of those off in the collision. Then the second airplane descended uncontrollably into the waters of the mouth of the Big Su.”Johnson says the surviving pilot described the other plane as a “high-winged” Cessna but had no better description than that. He says the NTSB believes the person who died was the pilot and sole occupant, but it remained unclear Wednesday afternoon if there were any passengers.Johnson says the deceased person’s name is being withheld pending notification of next-of-kin.Original post via Associated PressTwo airplanes collided in the skies over Alaska north of Anchorage.Alaska State Troopers shortly after noon were notified of the crash in the Matanuska-Susitna Borough.Spokeswoman Megan Peters says wreckage of one airplane was spotted a short time later near the mouth of the Susitna River.The number of people on board was not known. Search and rescue teams were launched after the crash.Landing gear on the second airplane was damaged but it made an emergency landing on a dirt airstrip at the Lake Hood Seaplane Base, part of Anchorage’s largest airport, just before 1 p.m.Anchorage Fire Department Assistant Chief Erich Scheunemann said he was not sure how many were on-board the second airplane but there were no injuries.last_img read more

Suu Kyi cancels public speech in Australia as feeling unwell

first_imgMyanmar`s State Counsellor Aung San Suu Kyi (L) receives an official welcome on the forecourt during her visit to Parliament House in Canberra on 19 March 2018. Suu Kyi is in the Australian capital after attending the ASEAN (Association of Southeast Asian Nations)-Australia special summit in Sydney over the weekend. Photo: AFPMyanmar’s de facto leader Aung San Suu Kyi on Monday pulled out of a public speech and question-and-answer session in Sydney because she was “not feeling well”, the event’s organisers said.Suu Kyi has been under fire internationally for her public silence about a military crackdown in Myanmar’s Rakhine state that has seen nearly 700,000 of the Muslim Rohingya minority flee to Bangladesh.Suu Kyi, who attended a special ASEAN-Australia summit on Friday-Sunday, was in Canberra for talks with Prime Minister Malcolm Turnbull Monday. She had been due to make a keynote speech at the Lowy Institute think-tank in Sydney Tuesday.The speech and subsequent Q and A session would have been the only public comments the Nobel Prize winner would have made during her Australia trip.“This afternoon the Lowy Institute was informed by the Myanmar embassy that the State Counsellor will no longer be able to participate in this event as she is not feeling well,” a spokeswoman for the think-tank said in a statement.“Accordingly, the event is now cancelled.”The Rohingya humanitarian crisis was one of the key topics at the special summit between the Association of Southeast Asian Nations (ASEAN) and Australia, with other leaders quizzing her about the issue during a gathering Sunday, Turnbull said.Malaysia’s leader Najib Razak had warned Saturday that the issue could threaten regional security since those victimised could fall prey to extremist groups like the Islamic State.The exodus has sparked rare tension within the regional body, and Muslim-majority Malaysia has called for an independent ASEAN-led investigation into allegations of army abuse.Suu Kyi was the subject of public protests against human rights abuses during the summit, with demonstrators criticising her as well as Cambodian strongman Hun Sen and Vietnam’s Nguyen Xuan Phuc.last_img

Gas cylinder blast at school compound kills 1

first_imgA destroyed rickshaw-van is seen at the Dhaka Education Board Laboratory School and College ground in Mirpur 1, Dhaka on Friday. Photo: Ashraful AlamA man was killed and several people, including students, were injured after a gas cylinder exploded at Dhaka Education Board Laboratory School and College compound in Mirpur 1 area of the capital on Friday morning.Deceased Siddique, 60, was a balloon vendor.Balloons scattered after the explosion at the Dhaka Education Board Laboratory School and College ground in Mirpur 1, Dhaka on Friday. Photo: Ashraful AlamWitnesses said Siddique was selling gas-filled balloons near a temporary platform set up for the annual sports competition at the school compound.At a stage, the gas cylinder went off with a big bang around 8:00am, leaving Siddique and several others injured.One of the several injured students of Dhaka Education Board Laboratory School and College ground in Mirpur 1, Dhaka on Friday. Photo: Ashraful AlamFatally injured Siddique was taken to Shaheed Suhrawardy Medical College and Hospital where physicians declared him dead on arrival, said Selimuzzaman, officer-in-charge of Darus Salam police station.Wife of deceased balloon vendor cries at Shaheed Suhrawardy Medical College and Hospital in Dhaka on Friday. Photo: Zahidul KarimThe injured students were treated Delta Hospital, he added.last_img read more

Toxic Cloud Caused By Hawaii Volcano Lava Emerges Over Ocean

first_imgAPFILE – This May 20, 2018 file photo shows steam rising as lava flows into the ocean near Pahoa, Hawaii. White plumes of acid and extremely fine shards of glass billowed into the sky over Hawaii as molten rock from Kilauea volcano poured into the ocean, creating yet another hazard from an eruption that began more than two weeks ago: A toxic steam cloud. (AP Photo/Jae C. Hong, file)White plumes of acid and extremely fine shards of glass billowed into the sky over Hawaii as molten rock from Kilauea volcano poured into the ocean, creating yet another hazard from an eruption that began more than two weeks ago: A toxic steam cloud.Authorities on Sunday warned the public to stay away the cloud that formed by a chemical reaction when lava touched seawater.Further upslope, lava continued gushing out of large cracks in the ground in residential neighborhoods in a rural part of the Big Island. The molten rock made rivers that bisected forests and farms as it meandered toward the coast.The rate of sulfur dioxide gas shooting from the ground fissures tripled, leading Hawaii County to repeat warnings about air quality. At the volcano’s summit, two explosive eruptions unleashed clouds of ash. Winds carried much of it toward the southwest.Joseph Kekedi, an orchid grower who lives and works about 3 miles (5 kilometers) from where lava dropped into the sea, said the flow luckily did not head toward him. At one point, it was about a mile (asterisk)1.6 kilometers) upslope from his property in the coastal community of Kapoho.Residents can only stay informed and be ready to get out of the way, he said.“Here’s nature reminding us again who’s boss,” Kekedi said.Scientists said the steam clouds at the spots where lava entered the ocean were laced with hydrochloric acid and fine glass particles that can irritate skin and eyes and cause breathing problems.The lava haze called “laze” from the plume spread as far as 15 miles (24 kilometers) west of where the lava met the ocean on the Big Island’s southern coast. It was just offshore and running parallel to the coast, said U.S. Geological Survey scientist Wendy Stovall.Scientists said the acid in the plume was about as corrosive as diluted battery acid. The glass was in the form of fine glass shards. Getting hit by it might feel like being sprinkled with glitter.“If you’re feeling stinging on your skin, go inside,” Stovall said. Authorities warned that the plume could shift direction if the winds changed.The Coast Guard said it was enforcing a safety zone extending 984 feet (300 meters) around the ocean entry point.Coast Guard Lt. Cmdr. John Bannon said in a statement Sunday that “getting too close to the lava can result in serious injury or death.”Gov. David Ige told reporters in Hilo that the state was monitoring the volcano and keeping people safe.“Like typical eruptions and lava flows, it’s really allowing Madam Pele to run its course,” he said, referring to the Hawaiian goddess of volcanoes and fire.Ige said he was thankful that the current lava flows did not pose a threat to homes and hoped it would stay that way.On Saturday, the eruption claimed its first major injury when a man was struck in the leg by a flying piece of lava.David Mace, a spokesman for the Federal Emergency Management Agency who was helping Hawaii County respond to the disaster, did not have further details about the man’s injuries or his condition.Kilauea has burned some 40 structures, including two dozen homes, since it began erupting in people’s backyards in the Leilani Estates neighborhood on May 3. About 2,000 people have evacuated their homes, including 300 who were staying in shelters.In recent days, the lava began to move more quickly and emerge from the ground in greater volume. Scientists said that’s because the lava that first erupted was magma left over from a 1955 erupted that had been stored in the ground for the past six decades.The molten rock that began emerging over the past few days was from magma that has recently moved down the volcano’s eastern flank from one or two craters that sit further upslope — the Puu Oo crater and the summit crater.The new lava is hotter, moves faster and has spread over a wider area.Early Monday, a small eruption occurred at the Kilauea summit, producing an ash plume that reached about 7,000 feet (2,134 meters). Officials said wind carried the ash plume to the southwest, toward the communities of Wood Valley, Pahala, Naalehu and Waiohinu.Scientists have said they do not know how long the eruption will last. The volcano has opened more than 20 vents, including four that have merged into one large crack. It has been gushing lava high into the sky and sending a river of molten rock toward the ocean at about 300 yards (274 meters) per hour.Hawaii tourism officials have stressed that most of the Big Island remains unaffected by the eruption and is open for business. Sharelast_img read more

Amazon will deliver Black Ops III at midnight using Prime Now

first_imgLazy early adopter super fans rejoice! Now you can replace standing in line in the freezing cold for a midnight video game launch with the comfort of your home. How is that possible? It’s all thanks to Amazon Prime Now.Amazon launched Prime Now late last year, allowing products to be ordered and delivered within an hour if you are willing to pay a higher delivery price ($7.99) and live in a city that supports it. Never one to miss an opportunity, Amazon has decided to experiment with using Prime Now to deliver midnight game launch games. The first of these being Call of Duty: Black Ops III, which is released tomorrow, November 6.In the past a midnight launch has meant traveling to your local store and lining up outside in the dark (and often cold) night. Then waiting patiently for the doors to open, everyone in front of you to get served, before traveling back home with your brand new game in hand. It’s worth it for the right game, but not the most pleasant experience in the world.For Black Ops III, Amazon is allowing Prime Now users to select a 12am ET delivery time slot for the launch tomorrow. You simply reserve the late night delivery and you should get the game within an hour of the midnight launch. So instead of waiting in the cold, you can spend that time waiting for your games console of choice to do its latest updates. You could also order pizza and get it delivered at the same time!Depending on how popular this turns out to be tonight, I imagine Amazon will expand the late night delivery to all major video game releases that retailers believe it’s worth opening so late to sell. Although, Amazon could also choose to do this for all game releases if it wanted to.last_img read more