Indias GDP growth set to slow further in AprJun qtr to 57

first_imgNew Delhi: India’s economic growth is set to slow further in the April-June quarter of this year to 5.7 per cent amid contraction in consumption, weak investments and an under-performing service sector, says a Nomura report. According to the global financial services major, even though growth is set to slow further in Q2 (April-June) the economy is expected to see some recovery in the July-September quarter. “High-frequency indicators continue to show familiar pain points a deep contraction in consumption, weak investment, a slowing external sector and an under-performing services sector,” Nomura said in a research note. Also Read – Thermal coal import may surpass 200 MT this fiscal The report added that some indicators are showing early signs of bottoming out. Data so far for July show that 53 per cent of indicators have improved compared with 31 per cent in June, the report noted. Nomura’s Composite Leading Index (CLI) for Q3 (July-September) has ticked marginally higher to 99.9 from 99.8 in Q2, led by higher industrial production growth, an improvement in visitor arrivals growth, equity markets and lower policy rates. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boost “While the concurrent state of the economy remains quite concerning, nascent signs of green shoots and positive performance of leading indicators provide some signs that a recovery may be slowly materialising,” the Nomura report said. India’s economic growth slowed to 6.8 per cent in 2018-19 – the slowest pace since 2014-15. There are ominous signs showing that slowdown may be deep. Consumer confidence is waning, foreign direct investment has plateaued and international trade and currency war is further aggravating the problem. To take stock of the situation, Finance Minister Nirmala Sitharaman held several meetings with officials and industry leaders who have asked for stimulus measure to boost consumer demand and private investments. Though there are increasing signs of the government taking stock of the slowdown, and possibly announcing some short-term measures to buoy business confidence, Nomura assesses limited fiscal space for any substantive stimulus. “We currently expect GDP growth in Q2 to slow to 5.7 per cent YoY from 5.8 per cent in Q1, before improving to 6.4 per cent YoY in Q3 and 6.7 per cent in Q4,” it said, adding that it was closely watching for signs of sustainability of the growth turnaround. The Central Statistics Office (CSO) will come out with the GDP figures for the first quarter (April-June) on August 30. Meanwhile, the automobile sector is facing its worst crisis in two decades and reports suggest thousands of job losses in the auto and ancillary industry. In the real estate sector, the number of unsold homes has increased, while fast-moving consumer goods companies have reported a decline in volume growth in the first quarter.last_img read more

admin

Women more patriotic Alberta struggling with confederation poll

On this Canada Day weekend, a new online poll of more than 5,000 Canadians shows that women are more patriotic than men and the province that is struggling the most with confederation is Alberta.The poll by Dart Insight said the proudest Canadians are more likely to be women at 67 per cent, which is eight per cent higher than men.“On every dimension that we polled on, we found that women had a far greater intensity of attachment to Canada, Canadian values, the country, the sense that confederation is working well, and primarily that they like it and want to stay here,” said CEO John Wright.As for how cooperative confederation is working overall, the lowest ratings often come from Quebec, but not this time around.“It’s Alberta. Which clearly, this time out, is really off track for believing the confederation is working,” said Wright.He said the obvious reasons for that are interprovincial and federal fighting over the energy patch and pipelines.Overall, 64 per cent said confederation was working well. In Alberta, it was only 52 per cent. read more

admin

Tug heading toward disabled container ship off NS that caught fire

first_imgHALIFAX — A tugboat is nearing a large Halifax-bound container ship that has been burning for days, with plans to tow it about 1,500 kilometres to the Nova Scotia port.A spokesman for the U.S. Coast Guard says the Maersk Mobiliser from Newfoundland is en route to the Yantian Express, which has been dealing with a container fire since Thursday.Chief Petty Officer 3rd Class Joshua Canup says it wasn’t clear what time the tug was expected to arrive on site, but that it was about 80 nautical miles northwest of the disabled ship early today and planned to eventually tow it to Halifax.All 23 crew members have been moved onto the Smit Nicobar, an offshore support tug from Belgium that arrived on the scene Friday night and is equipped with fire monitors to provide ongoing firefighting support.The 320-metre container ship was travelling from Colombo, Sri Lanka, to Halifax on Thursday when a fire started inside a container on the ship’s forward deck, but there were no reports of injuries.The blaze then spread to several other containers, and coast guard officials in Boston received a call for help early Friday.The Canadian Presslast_img read more

admin

Infantino expects release of info from cyberattack on FIFA

first_imgLONDON – FIFA President Gianni Infantino is braced for a release of private information gained by hackers after world soccer’s governing body said its computer network was subject to another cyberattack.The disclosure comes in the same month the U.S. Department of Justice and the FBI said Russia’s military intelligence body was responsible for a hack on FIFA in 2016, which led to evidence from anti-doping investigations and lab results being published.FIFA did not provide details about the data gained in the latest attack this year on email systems, but it has been contacted by media outlets about internal information contained in private exchanges.“The questions we received, we answered,” FIFA President Gianni Infantino said when asked about what could be released. “My job entails having discussions, having conversations, exchanging documents, drafts, ideas, whatever, on many, many, many, many, topics. Otherwise you don’t go anywhere.“I mean, if I just have to stay in my room and not speak to anyone and cannot do anything, how can I do my job properly? So if then this is being portrayed as something bad, I think there’s not much I can do more than my job in an honest way, in a professional way and trying to defend the interests of football.”Before being elected FIFA president in 2016, Infantino was general secretary at UEFA, overseeing the administration of European soccer at a time when new Financial Fair Play rules were being enforced on European clubs.UEFA has also been subject to phishing attempts to gain access to its email accounts, but said it could find no evidence of a hack. Still, UEFA has received dozens of questions about cases going back several years and the contents of private exchanges.“We are not stealing,” Infantino said, discussing the contents of any leaks. “What counts is do things in an appropriate way.”In a separate statement, FIFA said it “condemns any attempts to compromise the confidentiality, integrity and availability of data in any organization using unlawful practices.”“Of course, we are concerned by the fact that some information has been obtained illegally,” it said.Soccer has been hit by the release of confidential information in recent years, including a group called “Football Leaks.” Through the European Investigative Collaborations, it has released details on the financial arrangements of top footballers, which have led to tax evasion convictions. The leaks group also obtained a 2010 non-disclosure agreement that saw five-time world player of the year Cristiano Ronaldo accused of a rape allegation he denies. The EIC did not respond to emails in the last week about the potential release of information from FIFA and UEFA.Cybersecurity is under constant review at FIFA, which organizes the World Cup.“FIFA takes all necessary measures to adequately respond to security incidents as well as to continuously improve the security of its IT environment,” the Zurich-based organization said.___More AP soccer: https://apnews.com/tag/apf-Soccer and https://twitter.com/AP_Sportslast_img read more

admin

UNICEF rushes emergency supplies to Indonesian flood victims

The United Nations Children’s Fund (UNICEF) is airlifting emergency supplies of hygiene equipment and water containers to flood affected districts in the Indonesian province of South Sulewesi, where over 7,500 people have been made homeless, more than 200 people have died and 135 people are missing.“With 18 schools heavily damaged and another nine schools slightly damaged, most of them elementary, we have to also look closely at providing emergency educational support,” UNICEF country representative Gianfranco Rotigliano said, noting that at least 30 per cent of those affected were children.Three UNICEF staff members are on the ground conducting assessments for the future needs of the people, including emergency measles and tetanus vaccination campaigns and temporary shelter. Hundreds of houses have been heavily damaged or swept away by the flash floods. The supplies the Agency is providing include 5,000 personal hygiene kits, 10,000 jerry cans, and 1,100 water purification vials, designed to provide 1,000 families with clean water and hygiene materials.The UN Office for the Coordination of Humanitarian Affairs (OCHA) reported that two districts were also hit by landslides. Little is known about the condition of survivors in the mountains as mudslides have blocked road access to the region, it said. The estimated total loss due to flash floods and landslides is put at over $55 million. read more

admin

Grain futures livestock prices mixed

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Grain futures, livestock prices mixed by The Associated Press Posted Jun 12, 2013 11:41 am MDT CHICAGO – Grains futures were mixed Wednesday on the Chicago Board of Trade.Wheat for July delivery fell 13.75 cents to $6.83 a bushel; July corn fell 8.75 cents to $6.5075 a bushel; July oats were flat at $4.0325 a bushel; while July soybeans added 0.25 cent to $15.4075 a bushel.Beef and pork prices were also mixed on the Chicago Mercantile Exchange.August live cattle fell 0.18 cent to $1.1952 a pound; August feeder cattle rose 1.25 cent to $1.4592 a pound; July lean hogs added 0.02 cent to 99.17 cents a pound.

admin

May formally asks Brexit be pushed back to 30 June but EU

first_img Source: Ian Dunt/Twitter Source: Daniel Ferrie 🇪🇺/Twitter Updated Mar 20th 2019, 1:08 PM THE UK PRIME Minister has confirmed that she has sought to delay Brexit, and said the House of Commons had “indulged itself on Europe for too long” as she seeks to finally secure the UK’s withdrawal from the EU.During a feisty Prime Minister’s Questions this afternoon, Theresa May said she’d written to European Council president Donald Tusk formally asking to delay Brexit until 30 June.However, an internal briefing memo from the European Commission said this departure date would bring “serious legal and political risks”, ahead of a meeting with EU leaders.The Commission’s memo has urged instead that EU leaders to choose between a short delay to 23 May or a longer one to “at least until the end of 2019″. That 30 June date would mean the UK would not need to hold elections to elect representatives to the European Parliament, May indicated, but this is at odds with the EU’s position. The EU says that, like Ireland and all the other EU countries, if the UK is in the EU after 23 May, it’ll have to elect new MEPs. A European Commission spokesperson said this afternoon that Jean-Claude Juncker “formally warned” May against including a date for extension that is after the EU elections – which take place across EU countries from 23-26 May. “Withdrawal has to be before 23 May, otherwise we face institutional difficulties and legal uncertainty,” the spokesperson said. “Elections have to be held if extension after 23 May.” 23,912 Views “As Prime Minister, I am not prepared to delay Brexit any further than 30 June,” May told the House of Commons today. Wednesday 20 Mar 2019, 1:08 PM The UK had been due to leave the EU in less than 10 days’ time on 29 March, but May closes her letter seeking an extension of the Article 50 withdrawal mechanism until 30 June.Speaking in the House of Commons today, Labour leader Jeremy Corbyn accused Theresa May of having “no plan” and of plunging the UK into a “full-scale national crisis”. “She told the house the EU would only accept a delay if there’s a clear purpose,” he said. “What is her clear purpose?”May said she was seeking an extension and fully intended on another meaningful vote on her Brexit deal. “The outcome of a long extension [beyond 30 June] would be this house spending yet more endless hours failing to address issues that matter to our constituents,” she said.This house has indulged itself on Europe for too long. It’s time for this house to determine that it will deliver on Brexit for the British people. They deserve better than this house has given him.Corbyn shot back that for her deal to stand a chance of getting through, May would have to come back with substantive changes.An Irish government spokesperson, meanwhile said: “The government will consider recent developments including the Prime Minister’s letter at its Cabinet meeting this afternoon.”With reporting from AFP, Christina Finn In her letter to Tusk, May said that it wouldn’t be in the interests of the UK or the EU to hold European Parliament elections.She told Tusk she had intended to have a third meaningful vote on her withdrawal agreement – which has already been rejected twice – but said the intervention of house Speaker John Bercow has “made it impossible in practice to call a further vote” ahead of a meeting of EU leaders tomorrow.  Image: House of Commons/PA Images 51 Comments Short URL Image: House of Commons/PA Images .@MargSchinas: “@JunckerEU formally warned @theresa_may against including a date for the extension that is after EP elections. Withdrawal has to be b/f 23 May, otherwise we face institutional difficulties & legal uncertainty. Elections have to be held if extension after 23 May.” https://t.co/jDKH6LDMEc— Daniel Ferrie 🇪🇺 (@DanielFerrie) March 20, 2019 No.10 publishes May’s extension letter pic.twitter.com/pldN9POVNA— Ian Dunt (@IanDunt) March 20, 2019 By Sean Murray Share41 Tweet Email May formally asks Brexit be pushed back to 30 June – but EU warns of ‘serious risks’ and ‘legal uncertainty’ The Prime Minister has written to European Council president Donald Tusk seeking a 30 June departure date. https://jrnl.ie/4551555 The idea that three years after voting to leave the EU, we’d be asked to elect new MEPs would fail to deliver on the referendum result. Mar 20th 2019, 12:49 PM Tweet thisShare on FacebookEmail this articlelast_img read more

admin

Thousands of cases of women being beaten choked threatened with weapons and

first_img Tweet thisShare on FacebookEmail this article 13,430 Views https://jrnl.ie/4583181 Thousands of cases of women being beaten, choked, threatened with weapons and smothered in 2018 The charity is calling for greater protections within the law system for children in particular. By Sean Murray Share85 Tweet Email1 OVER 20,000 DISCLOSURES of domestic violence against women and children were made to Women’s Aid last year, with the charity calling for greater recognition of the risk to children during access arrangements with domestic violence perpetrators.Alongside 16,994 disclosures of domestic violence against women made to the charity, there were also 3,728 disclosures of child abuse made, according to the organisation’s Impact Report for 2018.Women’s Aid director Margaret Martin said in the report: “Behind these stark statistics, there are thousands of women who have shared their story with Women’s Aid… They tell us of their darkest fears and the impact the abuse is having on themselves and their children.”It wants improved State interventions and protections, and said that the risk posed by a domestic violence perpetrator should be taken into account with measures put in place to protect children – including an assumption of no contact – until the child’s safety can be guaranteed.In all, there were 11,112 disclosures of emotional abuse. This included 561 disclosures of being abused online and stalking, and 898 threats to kill the woman, the children, her family or to self-harm.There were 3,816 disclosures of physical abuse, including women being beaten, choked, being hospitalised, threatened with weapons and smothered.Included within this were 141 disclosures of abuse while the woman was pregnant, with a number saying they’d experienced miscarriage because of the abuse. Furthermore, there were 526 disclosures of sexual abuse, and 1,540 disclosures of financial abuse made to Women’s Aid in 2018. This fear is heightened when women have to facilitate access to the children for the man who has been perpetrating domestic violence. A father’s right to access should not outweigh a child’s right to safety. Child protection and safety should be prioritised in all custody and access proceedings. To do anything less is to fail women and children.The charity said that it received 483 disclosures of women and 255 disclosures of children being abused during access visits.The Impact Report will be launched today alongside Minister for Children Katherine Zappone and the Special Rapporteur on Child Protection Geoffrey Shannon.Speaking ahead of the launch, Minister Zappone said that increased funding of €1.5 million to organisations dealing with domestic, sexual or gender-based violence would be made available this year. “The additional funding available this year is a stepping stone,” she said. “We are not quite there yet. But I do believe that we are on the road to achieving something better.I hope that someday, we can live in an Ireland where all citizens – women, men, and children – are valued and respected without the fear of domestic and sexual violence.In the conclusion of its report, Women’s Aid recommends that the Family Law system should consider the safety and well-being of any children when granting a barring order and take interim measures to protect them.It also said that experts should be made available to the court to assess any threat posed to children and the impact of direct and indirect abuse on them. It also suggests that all staff in agencies that support victims of domestic violence be trained to understand the impact of abuse on women and children. Martin added: “By sharing their stories in their own voice, these courageous women challenge the victim blaming culture that exists in Irish society; they build an understanding of the impact of domestic abuse; and encourage other women to find their voice and to seek support.” Wednesday 10 Apr 2019, 6:00 AM Short URL 32 Comments Apr 10th 2019, 6:01 AM A large majority of women – 84% – who contacted the service in 2018 said they were being abused by a current or former male partner. One in four (27%) were experiencing abuse from a former husband or partner.Many women who contacted Women’s Aid said they were worried about protecting their children, the report said.Its director Margaret Martin said: “It is heartbreaking to listen to women who are living in a constant state of fear for their children and themselves.last_img read more

admin

Tax authorities investigate Greek names on Paradise Papers list

first_img Facebook Twitter: @NeosKosmos Instagram Greece’s independent authority on Public Revenue has ordered an investigation into the alleged existence of Greek taxpayers in the ‘Paradise Papers’. The massive leak of 13.4 million secret financial documents has created a stir around the world, with several dignitaries and celebrities allegedly holding fortunes in offshore tax havens. According to the Greek daily Ethnos, more than 130 Greek names appear in the leaked documents which detail how the world’s biggest companies and individuals have sheltered their wealth in secretive tax havens. Heads of state, politicians and celebrities – not least among them Bono and Queen Elizabeth – appear in the papers, which has come from two offshore service providers and the company registries of 19 tax havens, and was brought to the attention of the German newspaper Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists. Among the Greek names mentioned in the files are persons associated with politicians, a large number of ship-owners, but also a major executive of a bank that participated in offshore companies. The most prominent name to appear is that of Mareva Grabowsky, spouse of the leader of the Opposition party in Greece, Kiriakos Mitsotakis. In the list, Grabowski appears to be the manager of a mutual fund based in the Cayman Islands. She dismissed accusations, stating that she had little do with the administrative aspects of the fund as she was not on its managing board, adding that the fund’s trustee was Goldman Sachs Execution & Clearing LP and JP Morgan London the cooperating bank, which guaranteed that the required transparency regulations were being honoured and anti-money laundering checks conducted. As for any insinuations of her spouse’s involvement, she noted that it was well-known the pair had been separated at the time.last_img read more

admin

Breaking the seal of confession for South Australian priests

first_imgAs of 1 October, South Australia will become the first state in Australia in which priests will be required by law to report any cases of child sex abuse admitted through the Sacrament of Penance and Reconciliation (Confession).The new child protection laws were legislated last year and announced last week ahead of the SA Government releasing its full response to the Royal Commission into Institutional Responses to Child Sexual Abuse.According to the state’s Attorney-General Vickie Chapman, who made the announcement, the newly elected South Australian Government will proceed with removing the current exemption for all priests who, in the future, will be required to report cases of child sex abuse crimes and any relevant information obtained during the Sacrament of Confession.“Unless you have a unified approach to this, predators will travel, that is the reality. They’ll find sanctuary in areas where they can’t be caught, and it is important that there be a disclosure obligation on all fronts and you don’t leave some frontier of sanctuary for those who are going to predate,” Ms Chapman said.As reported by ABC News, the South Australian Catholic Church says it has been ‘blindsided’ and was unaware of the forthcoming changes.Its leaders have denounced the ruling, saying they are not prepared to break the seal of confession, even though not obeying the new rule could lead to a maximum $10,000 fine.Acting Archbishop of Adelaide, Bishop Greg O’Kelly, said the new law “has much wider implications for the Catholic Church and the practice of our faith,” taking into account that Catholic priests are bound by the seal of the confessional to not reveal what they are told, or face automatic excommunication.Father Michael Whelan, a parish priest at St Patrick’s Church Hill in Sydney, told the ABC that he was “willing to go to jail” rather than abide by the law, and suggested that priests would not break the seal of confession.There are consequences to the confessing priests if they choose to divulge information that has been relayed to them in the Sacrament of Confession.Nevertheless, the SA Government intends to also remove statutory time limits that prevent victims from suing the institutions where they were abused.“In essence, at the moment, when a child turns 21, they can’t make a claim after that age – that is three years after they’re 18. We want to remove that for all child sex abuse victims,” Ms Chapman said.“How the Catholic Church decides to act is completely up to them. They [Catholic priests] are subject to different regulations to that of the Orthodox Church and the public needs to know that the way confession is done differs between the Orthodox Church and the Catholic tradition,” said Greek Orthodox priest Michael Psaromatis.“I would welcome, and be obedient to, whatever the Orthodox Church decides on the matter.“There are consequences to the confessing priests if they choose to divulge information that has been relayed to them in the Sacrament of Confession,” said Father Psaromatis, who believes that the new law has been devised without appropriate dialogue and collaboration with the Orthodox Church, which has a distinctly different model of confession than the other Christian denominations.“The Orthodox Church sees confession as a means of attaining forgiveness through reconciliation with Christ; a process which is about healing and rehabilitation.”Although the Orthodox Church claims to have sound pastoral care in how it handles confession, an Orthodox priest is not permitted to absolve a penitent in cases of murder, rape, pedophilia, or any other serious crime, unless the person agrees to turn themselves into the police first, and only after they have done so.“An essential element in Orthodox confession for any person who is truly sorry for their sins, is their willingness to accept the judicial consequences of their actions,” Father Psaromatis said.“I believe there is merit in maintaining the seal of confession within the Orthodox Church context because it offers opportunities of healing to the victims and rehabilitation to the perpetrators, which should be seen (from a secular viewpoint) as complimentary to the rehabilitative and protective measures the state offers.”Father Psaromatis said the Orthodox Church emphasises that repentance can be a long-term process where the confessor priest will continue to prompt (duty of care) the transgressor for a full disclosure of their transgressions in order to bring the transgressor to full repentance.“In other words, sins are not simply listed and a penance given according to each sin as if it were readily available in some sin/penance directory. The Greek Orthodox Archdiocese of Australia is subject to mandatory reporting laws and is steadfast in its commitment to child protection, but this law will have wider implications for the already diminishing practice of the Sacrament of Confession within the Orthodox Church because it can set a precedence for other future laws which might further undermine and destabilise the integrity of the canon law of the Church, which aims to upkeep and maintain the practice of the Orthodox faith.“Therefore, people might be deterred from coming to confession whether it is for child sex crimes or not.“It’s about time that the Orthodox Church is understood within its Eastern context and not perceived through the lens of Western Christianity,” Father Psaromatis said.According to the Attorney-General, the SA Government was responsible for 104 of the total 189 recommendations made by the Royal Commission.Of the 104, 66 were accepted, one rejected and a further 37 considered.“It’s critical that the terrible legacy of child sexual abuse is addressed with a comprehensive suite of policies at both the federal and state level,” said Ms Chapman said who urges other states to follow South Australia and make children’s safety a priority. Facebook Twitter: @NeosKosmos Instagramlast_img read more

admin

Man airlifted after being struck by train in NW MiamiDade

first_imgNORTHWEST MIAMI-DADE, FLA. (WSVN) – A man has been airlifted to the hospital after he was struck by a Tri-Rail train in Northwest Miami-Dade.Miami-Dade Fire Rescue crews responded to the scene along Northwest 166th Street and Eighth Avenue just after 8 a.m., Tuesday.7SkyForce HD flew over the scene where the man could be seen on the ground alongside the train tracks as rescue crews attended to him.Officials said he was struck in the arm and transported to the hospital as a trauma alert.Police are investigating why the man was near the tracks when the Tri-Rail was in service.The condition of the victim is unknown.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img

admin

Exxon Valdez litigation ends but spills legacy may be indefinite

first_imgNearly three decades after the disastrous Exxon Valdez oil spill in 1989, the litigation for the remaining cash the state and federal governments could pursue from Exxon is at an end. A clause in the 1991 settlement said up to $100 million could be requested from Exxon for future unknown damage. It was called the re-opener.Download AudioExxon Valdez tanker aground. Off-loading of remaining oil in progress. Photo courtesy of the Exxon Valdez Oil Spill Trustee Council.In 2006, then-Governor Frank Murkowski and the George W. Bush administrations went to court and demanded $92 million of the re-opener from Exxon. The company refused to pay. And in October, the Walker and Obama administrations decided to drop the claim.Former Marine biology professor Rick Steiner has been involved in the fight for compensation from Exxon since the spill. He says there’s no other recourse now.STEINER: In the end it’s kind of a bitter pill at the end of this long string of bitter pills that we the people and the injured environment have suffered through for the last quarter of a century here.Seafood processors picketing and protest at Exxon’s headquarters. Their signs read, “Exxon, don’t be lame, honor the cannery claims.” Photo: Alaska Office of the Governor. Accessed via Alaska Digital Archives.TOWNSEND: Was the re-opener language written in a way that made it sort of impossible to look at it in broad enough terms to say, ‘Well, there might not be lingering effects to this particular species… but certainly to this particular species.STEINER: The government attorneys — that’s the state attorney general’s office and the U.S. Dept. of Justice — assert that the re-opener language in the original settlement was so narrow that it was difficult to activate the claim later on down the road. However, if that’s the case, then that was a fraud initially in the settlement in 1991.TOWNSEND: Have we, as a nation, at least learned some lessons that are being applied going forward when there are these kinds of disasters?STEINER: I would hope that some of the lessons of the Exxon-Valdez and how to manage a disaster like this were applied in the Deepwater Horizon (spill). I was down there working on Deepwater Horizon for several years and some of those lessons were applicable — certainly the re-opener, that the debacle of the Exxon re-opener in Alaska foretold how to do it better in the BP Deepwater Horizon case. And so they did not allow BP any control over these future expenditures. Some of these lessons were applied. What were not, however — for years we pushed for a comprehensive scientific overview, or an audit, of the restoration process. Over the entire Exxon-Valdez, how restoration funds were spent — scientifically, for research, for habitat… what the difference between Exxon results were from the government research results — which were dramatically different… and the agencies opposed that. Many of the injured habitats and populations have not fully recovered. Some are listed as ‘not recovering at all,’ here 26 years later. Those include herring, pigeon guillemots, marble murrelets and the AT1 killer whale pod, which is actually expected to go extinct due to losses from the oil spill.TOWNSEND: Does it feel strange to be at the end of this decades-long fight?Exxon Valdez oil is transferred to the Exxon San Francisco. Photo: U.S. Coast Guard, 17th District, Photograph Collection. Accessed via Alaska Digital Archives.STEINER: Yeah, it does. You know, there were thousands of us who were involved in this in 1989 — actually before 1989! We saw there to be a risk for this sort of thing. Even a couple of years prior to the Exxon Valdez we tried to set up an RCAC (regional citizens advisory council) in Prince William Sound, which I still to this day believe that if we’d been successful, we would’ve seen the holes in the system and might not have ever had the Exxon-Valdez. But, there’s still more work to be done — both on lingering oil and on these larger habitat deals Bering River, Kenai Fjords, the subsurface deals in Prince William Sound and more ongoing monitoring and research that needs to be done. That will go on indefinitely. And we hope the habitat deals will get done this year. So while it’s over in one sense, it will never be over in another sense — simply from the fact that there will never be full recovery from the Exxon-Valdez oil spill. The other thing we’ve learned from this is how delicate these pristine coastal ecosystems can be to (recover) from one day, one wrong decision by a tanker captain. Here we are, 26 years later, still dealing with the fall-out from that, and still possibly with residual oil on the beaches that could be there for centuries. I guess that take-home message is, if we’re going to do these large-scale, risky developments in precious coastal areas, we have to do it with exceptional care. We aren’t there yet. We didn’t do it with the Arctic drilling (in the Chukchi) last summer, you know. Hopefully those lessons will be applied somewhere in the future. So we’re at the end of part of it… but in an interesting way, it will never be fully over.Rick Steiner is a marine scientist and longtime critic of the Exxon Valdez settlement terms.last_img read more

admin

DC Residents Split Over Homeless Shelter Plans

first_imgArtist’s rendering of proposed shelter in Southeast D.C. (Courtesy Image)District residents expressed anger, concern, approval, excitement, frustration and acceptance in response to the city’s announcement of the proposed locations for homeless shelters throughout the city. The shelter locations are projected to replace D.C. General in Ward 7, which is set to close in 2018.Mayor Muriel Bowser, city council members, Advisory Neighborhood Commission members, and other city officials met with residents last week in several community meetings to discuss and hear residents’ thoughts on a plan to place a city-owned housing facility in all eight wards.“I have been living here 38 years,” said Willie White, who lives near the proposed shelter on Delaware Avenue in Ward 6. “They did not even have the courtesy to come by and let me know what they were doing.” White’s reasoning was a general consensus expressed throughout the city.“I feel so uninvolved in such an important aspect that it gives me little faith moving forward,” said a resident from Ward 1, who said his uncle was homeless.During a Ward 2 meeting, the mayor told community members it wasn’t the city’s intention to keep the plan away from residents. “It is not possible to ask every single person whether they want a shelter at a particular site,” she said.Selecting a site before direct community engagement was the most effective way to develop a comprehensive plan for the project, she said. However the mayor also told residents in Ward 5 that she was amendable to accepting suggestions about the new locations.Community involvement isn’t the only issue residents have with the proposed shelters.Residents say the city has not done enough to make the facilities habitable, such as providing private bathrooms. Ward 4 resident Michelle Jones said she thought having private bathrooms was important for the safety of the shelter’s residents, especially among children who would otherwise be forced to use the bathrooms with older adults.  “I don’t feel that the dormitory style is appropriate for children and families,” Taylor Massie, a resident of Ward 4, said in agreement. “I don’t think it inspires dignity.”Several residents expressed concern about the demand the shelters would place on their particular wards and the city, raising concerns about increased crime, decreased property values, and other issues.Deputy Mayor Courtney Snowden and Councilwoman Yvette Alexander spent most of their meeting in Ward 7 reassuring residents that the new homeless facility, in their ward, would not only provide a better place for families, but would also allow residents to breathe easier and to see more development in their community.Snowden told residents that there will be an abundance of programs and services within the facility to assist families, including education training and employment services, health care, financial and budget management counseling, and 24-hour staffing and security. “These facilities will be among the most dignified, innovative and effective in the country,” he said.  “We’re going to work really hard to make sure that these businesses are hiring [D.C. residents] or are home-grown right here in Ward 7 and Ward 8.”However, not all residents voiced concern about the pending facilities. Some approved of the city’s initiative to find solutions to better house its homeless. “From what I’ve seen on the plan so far, I think it’s a win for the families, the city, and the administration,” said Akili West, a small business owner in Ward 4.Proposed homeless shelters, include:* Ward 1: 2105-2107 10th St. NW (29 units)* Ward 2: 810 5th St. NW (213-bed women-only shelter)* Ward 3: 2619 Wisconsin Ave. NW (38 units)* Ward 4: 5505 5th St. NW (49 units)* Ward 5: 2266 25th Place NE (50 units)* Ward 6: 700 Delaware Ave. SW (50 units)* Ward 7: 5004 D St. SE (35 units)* Ward 8: 6th & Chesapeake Streets. SE (50 units)last_img read more

admin

Netflix Stock Slips After Streamer Announces 19 Billion JunkBond Offering

first_imgNetflix hasn’t been secretive about plans to assume more debt, regularly informing investors of its intentions to issue more junk bonds (which carry a higher yield and higher risk than investment-grade bonds).“[W]e believe the debt is lower cost of capital compared to equity,” as the company said in its April 16 shareholder letter.The $1.9 billion proposed debt offering is the biggest in Netflix’s history, and the fifth time in a little more than three years that Netflix is raising $1 billion or more through bonds. As of March 31, Netflix had $6.54 billion in long-term debt and $17.9 billion in streaming content payment obligations (of which $3.44 billion are long-term content payment obligations). Popular on Variety Netflix’s eye-popping rise on the stock market has hit a speed bump: Shares of the streaming giant fell as much as 5% Tuesday, after the company announced its biggest junk-bond offering to date.The sell-off came after Netflix on Monday evening priced $1.9 billion in debt financing, cash it intends to use to feed its growing appetite for original programming. The company has projected a content budget of $7.5 billion to $8 billion for 2018.Shares were down 4.2% as of 1:40 p.m., to $305.32 per share; Netflix stock closed down 2.8% Monday after it announced initial $1.5 billion debt-funding plans. [UPDATE: Shares closed Tuesday down 3.7%, to $307.02, putting Netflix’s market cap at $133.5 billion.] Still, the stock is trading up more than 50% since the beginning of the year.The dip signals investor potential concern about Netflix’s heavy cash-burn strategy. The company is forecasting free cash-flow to be negative in 2018 — to the tune of as much as -$4 billion — and says that will continue for the next few years. The stock decline could also reflect profit-taking after shares have hit record highs this month, after Netflix posted strong first-quarter 2018 subscriber net adds in spite of a multi-territory price hike.center_img ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15last_img read more

admin

SSKM canteen staff demand money for extra food

first_imgKolkata: One man’s meat is another man’s poison. The carcass meat row, which has created a ruckus across the state, has now cast its spell on the canteen services of SSKM Hospital. Taking advantage of the incident, a group of canteen staff in the Hospital were demanding money from patients or their family members for providing extra pieces of fish. The patients undergoing treatment in the hospital get their food for free. They are entitled to get one piece of fish in their meal. However, they were informed that if any one wants to have an extra piece of fish, he or she has to pay Rs 5 for each. Also Read – Heavy rain hits traffic, flightsSome of the canteen staff, who are mostly contractual workers, have been making money in this way. It was learnt that this practice has been going on in the hospital for quite sometime.At around 1.55 pm on Tuesday, some canteen staff were distributing lunch among the patients undergoing treatment at the CTVS department of the hospital. A patient had asked for an extra piece of fish. One of the staff said she needs to pay Rs 5 for one extra piece. Also Read – Speeding Jaguar crashes into Merc, 2 B’deshi bystanders killedThe patient paid the amount to have an extra piece from the canteen employee. The state government has been spending crores of money over free treatment and other services to the patients. Despite the efforts by the government to extend quality services, a section of people within the system are maligning the government for their own benefits, alleged some relatives of the patients. It is learnt that canteen staff get an estimation from each department on the number of patients, based on which they prepare food. Patients can have food of their own choice. There are many patients who do not take fish. The pieces that remain undistributed are being served among other indoor patients in exchange of money. Chief Minister Mamata Banerjee’s dream project to provide free health services in state-run hospitals across Bengal was initially criticised, following resistance by a section of doctors and paramedical staff, having some alleged links with drug manufacturers and suppliers. It would remain a half-pursued dream, if this ‘corrupt’ practice exists. A senior official at the state health department, on condition of anonymity, said a section of doctors and paramedical staff at government establishments were trying to oppose various health service schemes introduced by the government for their personal gains. It may be mentioned, that a few days ago, the store keeper of Bangur Institute of Neuroscience had been arrested on the charges of demanding money for an orthopedic implant, which the patient was supposed to get it for free.last_img read more

admin

Parking Management Market Forecast Shows Revenue of USD 585 Billion by

first_imgParking Management, Global Parking Management, Parking Management Market, Parking Management Market Size, Parking Management Industry, Parking Management Market share, Parking Management Sales, Parking Management Industry Analysis, Parking Management Industry Demand, Parking Management Industry Trends, Parking Management Market Analysis, Parking Management Market Data, Parking Management Market Demand, Parking Management Market Forecasts, Parking Management Market growth, Parking Management Market Outlook, Parking Management Market Overview, Parking Management Market Trends, Analysis, Trends, Research Report, Size, Share, Strategy, Survey, Demand, Scenario, Forecast, Development, Business, Growth, Outlook, Industry analysis, Overview, Survey report, Business analysis, strategies, Research The report is a comprehensive exploration of Parking Management Market offering growth rates, size of the industry, competitive landscape information, factors to the contributing growth of the Parking Management Market and more.The global parking management market is expected to grow to US$ 58.5 Bn by 2027 from US$ 37.6 Bn in 2017. As per ACEA (European Automobile Manufacturers Associations), parking management refers to the adoption of various strategies and subsequently technology-enabled solutions that facilitate in efficient use of parking resources. Further, the effective implementation of the strategy results in the reduced number of parking space required by the facility based on the strategy adopted thereby providing long-term economic, social, and environmental benefits to the end-user. The parking management market is expected to witness a CAGR growth rate of 4.8% from 2019 to 2027.Request for a sample copy of this report @ https://www.bigmarketresearch.com/request-sample/3206910?utm_source=SHASHI-HTNThe parking management market is a highly fragmented market with the presence of a significant number of players in each country coupled with multiple players with small and regional presence. The commonly available parking solutions in parking management market are access control, ANPR, parking security & surveillance, parking reservation and valet parking, and fee enforcement among other parking management solutions. Moreover, the increasing number of registered passenger vehicles along with limited parking space availability across important cities has led to the surge in demand for efficient parking management market in the past few years. Subsequently, the leading end-users of parking management such as airports, government & municipals, universities, hospitals, hotels, restaurants, and commercial complexes among other end-users have witnessed a significant increase the parking management market in the coming years. Also, among on-street parking especially in metro cities has attributed in a considerable collection of revenue generated through parking violation and parking fees which is effectively utilized for providing essential utilities to the public. Factors such as increasing rate of infrastructure development coupled with the growing purchasing power of the individuals have significantly increased the demand for improving the vehicle mobility at major popular commercial hubs in developed as well as developing countries.Geographically, the parking management market is majorly dominated by developed regions such as Europe and North America owing to a high number of registered vehicle per household capita and the amount of regulated parking space currently available in the areas. Moreover, the growing emphasis towards facilitating seamless mobility among densely populated cities has further boosted the demand for efficient parking management in the developed regions. Currently, there are various leading players such as APCOA, Indigo-Infra Park, Passport, Siemens, Skidata and SP Plus among other leading companies have leading market position in parking management market among different countries across European and North America regions. However, the presence of the substantial number of local and regional players with a minimal scope of business has resulted in the highly fragmented parking management market even in developed economies. Among developing countries, the availability of a substantial number of unregulated parking space and free parking has a profound influence over the parking management market growth and the market is majorly driven by off-street parking space at commercial areas and government & municipal locations. However, countries such as Japan and China owing to stringent government guidelines towards parking space have resulted in minimum parking space available for parking management solutions.The primary factor influencing the growth of off-street parking in the parking management market among developed countries and few financially emerging countries is the rapid growth of smart cities. The rising smart city initiatives are driving the deployment of sensors and related technologies for various applications which includes parking. Owing to this, several parking management technology developers as well as numerous parking management service providers are developing and offering advanced technologies to facilitate the municipalities and private spaces to optimize unutilized and unorganized parking areas. The advantages of technologically enhanced parking technologies are increasing the interest among various municipalities, commercial building zones, industrial building management as well as residential sector, thereby, rising the market for off-street parking management in the current market scenario.The future of off-street parking management is anticipated be prominent attributing to two significant facts; increase in partnerships among the technology developers and parking management service providers as well as municipalities; and reduction in the cost of the technologies. Some of the prominent off-street parking management companies across the globe include; Amano McGann, TIBA Parking, Gemini Parking Solutions, and Duncan Solutions among others.Request for a Discount Sample @ https://www.bigmarketresearch.com/request-for-discount/3206910?utm_source=SHASHI-HTNTable of content: INTRODUCTION 171.1 SCOPE OF THE STUDY 171.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 17KEY TAKEAWAYS 18PARKING MANAGEMENT MARKET LANDSCAPE 203.1 MARKET OVERVIEW 203.2 MARKET SEGMENTATION 213.2.1 Global Parking Management Market – By Parking Site 223.2.2 Global Parking Management Market – By Solutions 223.2.3 Global Parking Management Market – By Services 233.2.4 Global Parking Management Market – By Deployment Type 233.2.5 Global Parking Management Market – By Geography 233.3 PEST ANALYSIS 243.3.1 North America – PEST Analysis 243.3.2 Europe – PEST Analysis 263.3.3 Asia Pacific – PEST Analysis 283.3.4 Middle East and Africa – PEST Analysis 303.3.5 South America – PEST Analysis 32PARKING MANAGEMENT MARKET – KEY INDUSTRY DYNAMICS 344.1 KEY MARKET DRIVERS 344.1.1 Significant Rise in Number of Vehicles on Road 344.1.2 Rising Adoption of Smart Technologies in Parking Management 354.2 KEY MARKET RESTRAINTS 354.2.1 Limited Awareness among the Consumers in Developing Countries 354.3 KEY MARKET OPPORTUNITIES 364.3.1 Increasing Partnerships and Mergers to Stimulate the Parking Management in Urban Areas 364.4 FUTURE TRENDS 364.4.1 Simplification of Technologies and Reduction in Cost of the Systems 364.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 37Access Full Summery @ https://www.bigmarketresearch.com/report/3206910/parking-management-market-to-2027?utm_source=SHASHIAbout Us:Big Market Research has a range of research reports from various publishers across the world. Our database of reports of various market categories and sub-categories would help to find the exact report you may be looking for.We are instrumental in providing quantitative and qualitative insights on your area of interest by bringing reports from various publishers at one place to save your time and money. A lot of organizations across the world are gaining profits and great benefits from information gained through reports sourced by us.Contact Us:Mr. Abhishek Paliwal5933 Ne Win Sivers Drive, #205, Portland,Or 97220 United StatesCall Answer Direct:+1-971-202-1575Call Answer Toll Free:+1-800-910-6452Email help@bigmarketresearch.comlast_img read more

admin

Grab Windows 10 Global OEM Key For 12 With URCDKeys 20 Discount

first_imgWhile a genuine OS has its upside, it can cost an arm and a leg, but an OEM key from URCDKey can give you the best of both worlds! Head over to the store now to purchase a version of Windows 10 Pro for just $11.94. The listed price during their sale is $14.9 but you can get a futher 20% off using ‘WCCF’ discount code.If you are a DIY PC builder and are looking to grab a copy of Windows 10 and dont want to break the bank this is the way to go. Heck, even if you have the home edition of Windows 10 and wanted the powertools that are available only in the Pro version, this is your chance to get it.Windows 10 is designed to be compatible with the hardware, software, and peripherals you already own. And always-enabled updates help you stay current on features and security for the supported lifetime of your device.Windows 10 gives you absolutely the best experience for doing what you do. Gaming just got even better with Windows 10. Not only do your existing games work great, but now you can play and connect with gamers across Xbox One and Windows 10 devices. From the best casual games to a new generation of PC gaming, Windows 10 is built for games you love.Download Windows 10 Pro here first , after you install it, then activate with the code.You can also get Office 2016 and Office 2019 Professional Keys for just $32.17 and $55.15 with the Wccf discount code!To get Office 2016 Professional Plus CD Key Global $40.21 Head on here: (it will be $32.17 with code)To get the Office 2019 Professional Plus CD Key Global $68.94 (It will be $55.15 after using the code) head on here. Share Tweet Submit Ethics disclaimer: This is a paid-for, sponsored post. We do not earn any commission on sales.URCDKey, an online retailer for keys and codes for various software is offering an exclusive deal on genuine, permanent and Windows 10 Pro OEM keys that you can buy for a bargain! They are already offering a big discount on the list price of almost 50 bucks and using the discount code WCCF, you can bring the price down even more!Get flat 20% off on Windows 10 Pro OEM CDKey with “Wccf” discount codeThe Windows 10 October 2018 Update is one of the most stable builds recent builds around and one of the major advantages of having a completely genuine OS is that you can access the Windows store in its entirety. You can download and play demos of Microsoft exclusive titles (Forza for example) and basically do a lot more stuff as compared to pirated windows.center_img So all in all you can get a genuine Office and Windows key for just under $45 bucks.last_img read more

admin

Canada Jetlines names former Southwest exec as its new COO

first_imgCanada Jetlines names former Southwest exec as its new COO Tags: Canada Jetlines, New Hires Thursday, November 1, 2018 << Previous PostNext Post >> Travelweek Group center_img Posted by Share TORONTO — A former Southwest Airlines executive has joined the ranks of Canada Jetlines, starting today.Michael Bata has been announced as the new Chief Operations Officer at the ULCC, bringing with him over 35 years of experience in the aviation industry. In addition to holding various positions with multiple fortune 100 and 500 companies, Bata is also a commercial pilot with multiple ratings and over 3,500 hours of flight time logged.During his nine years at Southwest, Bata served as the Director of Maintenance and was responsible for all maintenance and engineering operations of the Western Region. He led a team of 665 employees and maintained a US$459 million annual budget, and is credited with implementing new procedures to ensure timely, compliant check and repair of all aircraft in his region.Prior to his time at Southwest, Bata also served as Chief Operating Officer at JetSuite and JetSuiteX, the fourth-largest private jet charter company in the U.S., with flights to over 3,000 destinations in Canada, the U.S., Mexico and the Caribbean. During this time, he led operational teams including Pilots, Maintenance & Engineering, and Ground Operations, successfully developing initiatives that improved aircraft on ground recovery time by 73%.More news:  Windstar celebrates record-breaking bookings in JulyOn Bata joining the Jetlines team, CEO Javier Suarez said: “He brings the right experience and an outstanding attitude that will help build the foundation for Jetlines’ future. His entrepreneurial spirit and track record of tight operational control will be an asset as we move closer to first flight and continue to build the team.”On his new role, Bata said: “Coming from an industry leader like Southwest Airlines then continuing with Vueling and JetSuite, I understand the value of a strong, unique, positive, company culture which can only be realized by supporting a talented and dynamic team. Together we will be hyper focused on maintaining detailed operational control which is paramount for low-cost carriers. Javier and the current management team have done a great job so far and I look forward to being a part of Jetlines’ success as we prepare for our launch and into the future.”In connection with his appointment as Chief Operating Officer, Mr. Bata will be granted 750,000 Restricted Share Units (“RSUs”). The RSUs vest over a three-year period from the date of grant, with one third vesting at the end of each year during the three-year period.last_img read more

admin

Russian parliament passes RussiaUS adoption law

first_img New high school in Mesa lets students pick career paths More Valley freeways to be closed this weekend for improvements Comments   Share   Associated PressMOSCOW (AP) – Russia’s parliament on Tuesday ratified a long-awaited agreement with the United States regulating the adoption of Russian children by Americans.The ratification by a 244-96-2 vote in the State Duma came a year after the two countries worked out the pact.Key questions and answers about the agreement:HOW DID THE AGREEMENT COME ABOUT?Russian officials had long complained about the abuse and even killings of children by their adoptive parents _ saying at least 19 Russian adoptive children have died at their American parents’ hands. Meghan McCain to release audiobook on conservatism, family Top Stories The issue came to a head in April 2010 when an American adoptive mother sent her 7-year-old boy back to Russia on a one-way ticket, saying he had behavioral problems.In the wake of that case, some Russian officials called for adoptions by Americans to be halted altogether. That never happened, but some adoption agencies working in Russia said their applications were frozen for several months.Russian and U.S. officials signed an agreement aimed at ending the dispute in 2011, but the Russian parliament waited nearly a year to ratify it due to technicalities.WHAT DOES IT MEAN FOR AMERICANS WHO WANT TO ADOPT RUSSIAN CHILDRENRatification should end the strife and allow adoptions to resume efficiently.All adoptions would have to be processed through adoption agencies registered in Russia. The agreement requires the agencies to monitor the child’s upbringing, schedule visits by a social worker and send reports to Russian authorities.The deal makes sure that prospective American parents would have better information about the social and medical histories of Russian children.HOW WILL IT IMPACT RUSSIA?By providing monitoring, the agreement is likely to reassure a public angered by the abuse and deaths. It also could undercut complaints by nationalists that Russian children are being “sold.” RECENT ALLEGATIONS OF ABUSE OF RUSSIAN ADOPTED CHILDRENMichael and Nanette Craver from Pennsylvania were sentenced in 2011 to up to four years in prison for involuntary manslaughter of their adoptive 7-year-old Russian son. A jury acquitted them of murder charges, but concluded they were negligent and responsible for the death.Jessica Beagley from Alaska was convicted in 2011 of child abuse for pouring hot sauce into her adopted Russian son’s mouth.In May, Martin and Kathleen O’Brien from Wisconsin were charged with an array of counts connected to allegations they systematically punished their four adopted Russian children, including beatings with sticks and belts. Their trial is ongoing.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)center_img Sponsored Stories The poorly controlled flow of Russian adoptions highlighted sensitivity over the loss of children as Russia faces a demographic crisis due to low birth rates.Full resumption of adoptions will mean increased opportunity for Russian orphans to leave underfunded and crowded orphanages. There are more than 740,000 children without parental custody in Russia, according to UNICEF. Russians historically have been less inclined to adopt children than in many other cultures.WHY IS THE DEAL IMPORTANT FOR AMERICANS?Russia has been a major source of adopted children in the U.S. for two decades.In the 2011 fiscal year, Russia was the third-largest source of foreign adoption by Americans with 970 adoptions, trailing China and Ethiopia.Adoptions from Russia peaked in 2004 at 5,862 adoptions, according to the State Department. Their number was 1,586 in 2009 _ a year before Russia demanded an agreement regulating adoptions.More than 60,000 Russian orphans have been adopted in the U.S., according to the National Council For Adoption, a U.S. advocacy nonprofit group. Russian children rights ombudsman Pavel Astakhov insists that the number could be as high as 100,000. The discrepancy could be due to the Russian government’s virtual absence of adoption records before 1996. 4 ways to protect your company from cyber breaches 3 international destinations to visit in 2019 How men can have a healthy 2019 Think Tank analyzes the second round of Democratic debateslast_img read more

admin

US official says Puerto Rico should get access to bankruptcy

first_img“Puerto Rico’s fiscal situation is urgent, and I believe it requires the immediate attention of Congress,” Lew said in a two-page letter addressed to Sen. Orrin Hatch, R-Utah. “Without our collective action, I am deeply concerned that a protracted and disorderly restructuring process will cause long-term damage to the health, safety, and financial well-being of the families living and working in Puerto Rico.”Lew was responding to a July 17 request from Hatch, chairman of the Senate Finance Committee, who wondered what action if any President Barack Obama’s administration was taking on Puerto Rico’s financial crisis.In his letter, Lew said the federal government does have a critical role to play in Puerto Rico’s situation.“A central element of any federal response should include a tested legal bankruptcy regime that enables Puerto Rico to manage its financial challenges in an orderly way,” he said.Puerto Rico is entering its ninth year in recession, and the administration of Gov. Alejandro Garcia Padilla has been pushing for the right of its public agencies to file for bankruptcy under Chapter 9, but the proposal has not drawn any Republican co-sponsors. Leading House Republicans have said they worry that allowing such access would not solve Puerto Rico’s financial difficulties, and Garcia traveled to the U.S. to meet with legislators and Lew on the issue. Early signs of cataracts in your parents and how to help Check your body, save your life Comments   Share   Ex-FBI agent details raid on Phoenix body donation facility New Valley school lets students pick career-path academies Mesa family survives lightning strike to home Top Stories Here’s how to repair and patch damaged drywall Pedro Pierluisi, the island’s representative in Congress, praised Lew’s letter.“I will continue to do everything in my power, working with my allies on both sides of the aisle, to move this legislation forward in Congress on an expeditious timeline,” he said.U.S. investors are waiting to see whether Puerto Rico’s government might default on a couple of multimillion-dollar payments due by the end of the week.Victor Suarez, Puerto Rico’s gubernatorial chief of staff, said Monday the government is analyzing which of its responsibilities it will prioritize.“It will depend on the cash flow and liquidity that the government has to meet each one of its obligations,” he said. “The priority will always be essential services such as security, health and education.”Suarez rejected a report prepared by Centennial Group International for a group of hedge funds that hold a large number of Puerto Rico bonds. The report released Monday calls for laying off teachers, cutting excess Medicaid benefits and pursuing more public-private partnerships.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Sponsored Stories SAN JUAN, Puerto Rico (AP) — U.S. Treasury Secretary Jacob Lew said Tuesday that creating a path as soon as possible to allow Puerto Rico’s government to file for bankruptcy would help the U.S. territory recover from its economic crisis.Lew also stressed that no federal bailout is planned for Puerto Rico despite concerns its government might default on several upcoming payments as it struggles with $72 billion of public debt. 4 must play golf courses in Arizonalast_img read more

admin