The Fallacy of Cost Savings

first_imgWhen some people talk about cost savings, they are really talking about price reductions. To them, the easiest and fastest way to see an improvement on their Profit & Loss statement is to reduce the actual spending in a category by extracting a price concession. That is, in fact, one way to reduce costs. It is also the most direct way to reduce costs.The direct way to reduce costs is not very often the best choice when what you cut costs of things that are strategic, and where reducing costs actually takes money out of the outcomes you are trying to improve.Maybe people are using too many Post-it Notes. Maybe they waste paper. Maybe they are wasting money on things that are unnecessary to the results you are trying to produce. By all means, cut away. But what about spending on things that are strategic, that produce real value, that allow you to compete and win in your space?For most companies, a greater investment in one line on a Profit & Loss statement can massively reduce another line, generating greater cost reductions than had that supplier reduced their price. One company I know charges 3 times as much for their product than anyone else charges for what is perceived to be the same product with the sales result. Prospective clients are horrified by the idea of adding 3 times the cost to that line on their P&L, especially after bidding work at the lower price. But this company’s product reduces their labor spend by 75-percent, and the cost of labor is their greatest expense.By spending more on one line, you can drive down costs on other lines. For this to be true, you must be able to justify the delta between your price and the price your prospective client is paying now—and you have to convince them that price and cost are different, and that lowering the price often has the opposite effect of what they’re trying to accomplish.last_img read more

BSP candidate from Ambala Cantt attacked, injured

first_imgBSP candidate from Ambala Cantt. constituency Rajesh Chanalia was injured after being attacked with a sharp-edged weapon by two unidentified youths on Tuesday evening, police said. He was rushed to the civil hospital. BSP workers gathered at the hospital and demanded immediate arrest of the assailants. They demanded that sufficient security be provided to their leader. Senior police officers also visited the leader at the hospital. The matter is being investigated, the police said. The assailants managed to flee after the incident. The police have launched a search in the area to trace the assailants, the police said. Assembly elections in Haryana will be held on October 21.last_img read more

FIFA World Cup 2018: Brazil vs Costa Rica Review

first_imgAdvertisement Also read: FIFA World Cup 2018: Brazil vs. Costa Rica PreviewFIFA World Cup 2018: Stats of the Day – Day 8 Tonight’s crucial match between Brazil and Costa Rica saw some fast-paced and breath-taking action along with dramatic moments of ups and lows.Since Los Ticos have lost their previous game to Serbia, tonight’s match was of utmost importance to them. The players along with their goalkeeper Keylor Navas displayed a gutsy performance in order to stop Brazil, by all means, necessary but, alas, Seleção had the last laugh by netting the ball in the injury time. Brazil created plenty of openings in the first half and also wasted some fine opportunities. But of all the shots that were on target, Keylor Navas’ safe hands were able to stop them. Costa Rica also had some opportunities when Neymar gave away a free-kick in the 13th minute. But Costa Rica’s Borges failed to make full use of that when he clipped the ball off the far post from 12 yards.In the 78th minute, the match seemed to go in Brazil’s favour when the referee awarded them a penalty kick when Neymar supposedly made a soft fall. But when Costa Rica opposed the decision, the referee went on to have a VAR check and he ruled that there wasn’t sufficient contact on Neymar. The aftermath saw Neymar losing his cool soon afterwards and he was penalised with a yellow card.During the added time, the match changed its complexion entirely when Coutinho scored at the 1st minute. With Costa Rica absolutely devastated, a last-minute cross from Casmeiro was soon volleyed by Neymar into the net.The result showed 2-0 in Brazil’s favour which meant that Brazil still has a chance of making it through to the knockout-stage and although Costa Rica showed a hearty performance, this spells goodbye for them for this year.Click here to watch the video highlights of the match center_img AdvertisementPhilippe Coutinho celebrates after scoring in added time; Photo credits: Christophe Simon/AFP/Getty Imageslast_img read more

Honda opens bookings for the CBR1000RR Fireblade and Fireblede SP in India

first_imgBringing the excitement closer to passionate bikers, Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI), today announced commencement of bookings for the all new 25th anniversary Honda CBR 1000RR Fireblade& CBR 1000RR Fireblede SP in India, the flagship supersport motorcycles fromglobal Honda line-up. The 2017 Fireblade will be introduced as a Completely Built Unit(CBU) in India. For booking enquiries, customers can contact or visit Honda’s exclusive Wing World outlets located in Mumbai & Delhi*. Customers can also log on toHonda2WheelersIndia.com.Commenting on the development, Mr. Yadvinder Singh Guleria, Senior Vice President – Sales and Marketing, Honda Motorcycle and Scooter India Pvt. Ltd. said, “Since 2009, when the Fireblade was first introduced in India, it has redefined the benchmarks for refinement, reliability & performance. With an unmatched thrilling experience for the rider on board, the all-new Fireblade will leave the riding enthusiast spellbound. The new and extremely advanced Fireblade, will be the most powerful, faster and lighter CBR1000RR from Honda’s stable and we are very excited to add another chapter to the success story with its introduction in India.”Also Read:Honda Africa Twin coming to India in July 2017First unveiled at the EICMA 2016 in Milan, Italy, the 2017 CBR1000RR Fireblade SP marks 25 years since the celebrated machine re-wrote the rules of the Super Sport segment. At the heart of the 2017 Honda CBR1000RR Fireblade is a 999cc in-line four cylinder engine, producing 189bhp at 13,000rom and 114Nm at 11,000rpm output mated to six-speed transmission.Its relentless focus on handling and agility under the mantra of ‘Total Control’ continues, with 90% of main components revised for a 16kg weight reduction to a class-leading 195kg. Coupled with an 8kW top end power boost, it improves the new Fireblade’s power to weight ratio by 14 per cent, to a level hitherto unseen in its history. For 2017, the Fireblade now moves into ‘Next Stage Total Control’, with a comprehensive electronic control package featuring a new gyroscopic ABS system, Throttle by Wire (TBW), 9 Level Honda Selectable Torque Control (HSTC), Selectable Engine Brake (SEB), Honda Electronic Steering Damper (HESD) and Power Selector. All these parameters can be precisely adjusted with the Riding Mode Select System (RMSS), Fireblade uses a full-color TFT liquid crystal dash to clearly communicate information to the rider, inspired by the RC213V-S street legal version of Honda’s MotoGP machine.CBR 1000RRFireblade SP is the first Honda motorcycle to be equipped with semi-active Ohlins Electronic Control (S-EC) suspension front and rear: a 43mm NIX30 fork and TTX36 shock, Quickshifter (Downshift Assist) and Lithium-Ion battery.advertisementThe 25th anniversary CBR 1000RR Fireblade starts atRs 17.61 lakh (ex-showroom New Delhi) and will be available in 2 variants i.e. CBR 1000RR Fireblade& CBR 1000RR Fireblade SP.Also Read:Honda Jazz facelift spotted during testing in Brazillast_img read more

Dominant Manchester City show how vast the gulf has become with United

first_imgShare on Pinterest Share on WhatsApp In prospect, six weeks ago, in that golden age when Manchester United did not have a permanent manager, the derby looked like being the biggest obstacle between Manchester City and retaining the league title. History, perhaps, will continue to view it as such: it is a derby, it is United; how could it not have been a night of furious passions and impossible tension? And yet in the moment, once the initial United surge was over – there was, at least, some sort of reaction to Sunday’s humiliation at Everton – the overwhelming sense was of how vast the gulf between the sides has become.That is 11 league wins in a row now for City, a run of absurd consistency. United battled, at least until going behind, but as Roy Keane pointed out, that should be a prerequisite. The presence of a bit of fight, though, served only to highlight the difference in quality, a disparity highlighted by the way United set out with three central defenders shielded by three deep-lying midfielders – and nobody accused Ole Gunnar Solskjær of needless ideological negativity; breaking the game up was just the best way of trying to get something out of the game. Twitter Pep Guardiola has a tendency to dismiss what came at City before the Sheikh Mansour takeover, which may be a little unfair on Frank Swift and Alec Herd, on Colin Bell and Tony Book, but is equally understandable.Whether or not he becomes the first City manager to retain the league title, whether he makes it four championships in six years, City are a different club now.They are what happens when you take vast sums of money – and let’s for now ignore concerns about the source and whether that money has been spent within Uefa regulations – and use it to overhaul the entire infrastructure and ethos of a club. Long before he arrived, City had been built on Guardiola principles.This sort of consistency, this implacable pursuit of the title, is what a holistic approach, every department following the same basic philosophy to the same goal, can bring.United’s patched up mish-mash of a squad, their skipping between managers of different types and different approaches, their leaking roof, is what happens when decisions are being made by people with little football expertise, appointing famous names almost at random in the hope of stumbling on a messiah, while doing nothing to upgrade the infrastructure.Solskjær might get the whole squad to sit down and watch the X-Files with a bottle of Two Dogs while worrying about the millennium bug but reliving the 90s will not get beyond United’s basic lack of long-term planning. Topics Reuse this content Facebook The difference between the clubs is summed up by the fact that City have had five title-winning managers but have won the league only five times, while United have had only three title-winning managers but have won it 20 times. The United way is of all-powerful leaders who bring great success but whose reigns are followed by long periods in the wilderness (respectively 41 years, 26 years and six years so far); the City way is of persistent inconsistency. Share on LinkedIn Read more Share on Twitter Taking the players to the former training ground at The Cliff generated some sort of response, but it was not enough. The danger is that Solskjær concludes he is not being nostalgic enough. So what next? A round of golf with Alex Stepney at Davyhulme? Get Bryan Robson to take the lads on an all-day bender at Pat Crerand’s pub? When Solskjær began speaking of the values of old, it seemed a clever rhetorical tool. Get the old spirit back, remind the players of the privilege of playing for such a club, re-forge the bonds with disaffected fans and try to heal the rift between the Mourinho loyalists and those who were actually watching what was going on. But that should have been a tool that allowed him to make radical change under the guise of restoring the glorious past. The worry now is that Solskjær actually believes all this guff and thinks all that is required for United’s return to the top is the reimposition of Fergusonian values.His refusal to use Ferguson’s car-park space is, frankly, a little weird. It feels a worryingly small step from here to finding Ferguson in a rocking chair in the spare bedroom. Supply your own joke about taxidermy and spending his days arranging stuffed corpses of once proud beasts.And while Solskjær attempts to reconjure 1999, the history that is actually being replayed is that of 30 years earlier and the chaos into which the club lapsed after the retirement of Matt Busby. City, meanwhile, seem successfully to be breaking free from their past. Nobody talks any more of Cityitis, the disease diagnosed by the former manager Joe Royle. Share on Facebookcenter_img The Fiver: sign up and get our daily football email. PFA Team of the Year: Manchester United’s Paul Pogba a shock inclusion Read more Share via Email Manchester City striker Sergio Agüero holds off Victor Lindelöf and Fred. Photograph: Oli Scarff/Afp/Getty Images City show the way, show what planned investment can achieve – and that is why, for now, for the first time since perhaps the 1930s it is they who are definitively the dominant force in Manchester. Share on Messenger features Obsession with past leaves Solskjær’s United stuck in a footballing Pompeii Manchester United Pinterest Manchester Citylast_img read more

WAGGA’S WINNING WAYS DOMINATE NSW JUNIOR STATE CUP

first_imgThe town of Wagga is celebrating an historic first after being crowned Club champions for the first time in the 12 year history of the  annual New South Wales Touch Association Junior State Cup that was played at the Thomas Dalton Reserve, Wollongong over the weekend.A record 286 Teams, 300 referees, and over 5000 spectators descended on the picturesque Illawarra region to participate in the nation’s largest Touch football tournament.Teams from 49 different affiliates competed in age groups from Under 10 – Under 18 in Boys and Girls divisions in a non-stop weekend of fast and furious action featuring the brightest and best of New South Wales junior Touch football talent.For the first time in recent memory the weather Gods answered the prayers of the New South Wales touch community and turned on perfect weather for the showcase event. Wagga capped a stellar 12 months of junior development with six appearances in the ten contested Junior State Cup divisional finals. The Country affiliate claimed three divisional wins in the Vassallo Cup (12 Years Girls), The Zabielo Cup (12 Years Boys), and the Wall Cup (16 years boys) and finished runner-up in the Taylor Cup (14 Years Girls) the Toohey Cup, (16 Years Girls), and the Rose Cup (18 Years Girls).Wagga has had a record number of junior registrations in 2006 and their industrious grassroot level and representative team development structures have been rewarded with success on the Junior State Cup stage in 2007 with stunning results across the board. Traditional junior touch powerhouse Penrith also consolidated their impressive Junior State Cup record, snaffling three divisional titles in 2007. The “foot of the mountains” affiliate collected the Mc Call Cup (10 Years Boys), the Yiangou Cup, (14 Years Boys), and the Galea Cup (18 Years Boys) in a prosperous weekend for the area.Winning finals is one measure of success, but when affiliates such as Bankstown increase their team nominations from one year to the next from 4 to 10 for the annual event, and this is the norm, rather than the exception, it represents a greater victory for the game in terms of expansion across the board. New South Wales Touch Association Operations Manager Mr. Rob Summers was thrilled with all aspects of the tournament and heaped praise on Woolongong Touch Association and the competing affiliates.“It’s just a great tournament. The growth of this event reflects the strength of the sport in junior registrations and junior development in each competing affiliate. The tournament itself went off without a hitch, and the Woolongong Touch Association has to take a lot of credit for that. They work tirelessly and cohesively with the NSW staff to make the event the great success that it is.” Mr. Summers said.Members of Australia’s victorious World Cup teams proudly paraded the Federation of International Touch World Cup Trophy on the weekend and posed for photographs and signed memorabilia for budding young players keen to one day follow in the footsteps of their touch football heroes.For now though, the future superstars of our game will take their 2007 Junior State Cup XII experience (and maybe a touch of sunburn) with them and file it away until next year when affiliates, players, coaches, referees, tournament staff, and spectators do it all again at Australia’s biggest and most successful Touch tournament.The thirteenth New South Wales Junior State Cup will be hosted by the Wollongong Touch Association on the 16-17 February 2008.2007 New South Wales Junior State Cup Results:McCall Cup-10 Years Boys Penrith def Parramatta Tirado Cup-10 Years Girls Newcastle City def Manly Zabielo Cup-12 Years Boys Wagga def Peakhurst 12 Years Boys (Plate) Eastern Suburbs def Peninsula Vassallo Cup-12 Years Girls Wagga def Newcastle City 12 Years Girls (Plate) Port Macquarie def Parramatta Yiangou Cup-14 Years Boys Penrith def Wollongong 14 Years Boys (Plate) Bowral def Balmain Taylor Cup-14 Years Girls Parkes def Wagga 14 Years Girls (Plate) Milton Ulladulla def Wollongong Wall Cup –16 Years Boys Wagga def Manly Warringah 16 Years Boys (Plate) Wollongong def Peninsula Toohey Cup-16 Years Girls Wollongong def Wagga 16 Years Girls (Plate) Taree def Newcastle City Galea Cup-18 Years Boys Penrith def Western Suburbs 18 Years Boys (Plate) Parramatta def Dubbo Rose Cup-18 Years Girls Central Coast def Wagga 18 Years Girls (Plate) Griffith def Cronulla Sutherland For all information about the event including results and fixtures, please view the link at 2007 NSW Junior State Cup Websitelast_img read more

Jim Harbaugh Was Just Asked About Urban Meyer’s Retirement

first_imgUrban Meyer and Jim Harbaugh meet after a game.ANN ARBOR, MI – NOVEMBER 25: Urban Meyer head coach of the Ohio State Buckeyes and Jim Harbaugh head coach of the Michigan Wolverines shake hands after the game. Ohio State won 31 to 20 on November 25, 2017 at Michigan Stadium in Ann Arbor, Michigan. (Photo by Gregory Shamus/Getty Images)Michigan head football coach Jim Harbaugh was asked this evening about Urban Meyer’s decision to retire from Ohio State.Harbaugh’s reaction is not surprising.The Wolverines’ head coach gave a one-word answer when asked if he had any reaction to Meyer’s decision to retire following the Rose Bowl.“No,” Harbaugh told reporters after getting asked if he had any reaction to Meyer’s decision.Asked if he has any reaction to Urban Meyer’s retirement, Jim Harbaugh gives a terse “No.”— Kyle Rowland (@KyleRowland) December 9, 2018Meyer announced earlier this week his decision to retire from Ohio State.The Buckeyes’ head coach will be calling it a career following the Rose Bowl. OSU is set to play Washington on New Year’s Day.Meyer went 7-0 against Michigan, including a 4-0 mark against Harbaugh.last_img read more

India vs Australia Live Streaming: When Where and How to Watch IND v AUS 5th ODI

first_img India Today Web Desk New DelhiMarch 12, 2019UPDATED: March 12, 2019 16:27 IST India vs Australia Live Streaming, 5th ODI Match: Team India will have pride at stake with the series level at 2-2 (AP Photo)This series was billed as the last chance for India to experiment with their ODI squad before going into the 2019 World Cup in England, starting May 30. But coming into the last game of the series at the Ferozeshah Kotla against Australia on Wednesday, Virat Kohli and boys will also have pride at stake with the series level at 2-2.Losing an ODI series at home will definitely not be ideal preparation for a team touted as one of the favourites to win the World Cup.The series started with the home team showing complete domination in the first two games, before Aaron Finch and boys made a comeback with a quality win in Ranchi. But not done with registering just a win, the Aussies showed that they are here to make a statement as they chased down India’s total of 358 with 4 wickets in their kitty.What TV channel and live stream is the 5th ODI between India and Australia Live Streaming on?Star Sports 1 and Star Sports 1 HD in English commentary and Star Sports 3 and Star Sports 3 HD in Hindi Commentary. Hotstar, JioTV and Airtel TV will live stream India vs Australia match.Where will the 5th ODI between India and Australia be played?The 5th ODI between India and Australia will be played at the Feroz Shah Kotla Stadium from 01.30 PM IST.Where can I watch India vs Australia 5th ODI live?The match will be shown in Star Sports network and can also be streamed on hotstar.com.advertisementWhere can I check the online live updates of the India vs Australia 5th ODI?You can follow our ball-by-ball-updates of the match between India vs Australia from our live blog on indiatoday.in/sports.What are the squads for the 5th ODI between India and Australia?India: Virat Kohli (captain), Shikhar Dhawan, Rohit Sharma, Ambati Rayudu, Kedar Jadhav, Vijay Shankar, MS Dhoni (wk), Kuldeep Yadav, Jasprit Bumrah, Mohammed Shami, Ravindra Jadeja, Yuzvendra Chahal, Bhuvneshwar Kumar, Rishabh Pant (wk).Australia: Aaron Finch, Usman Khawaja, Peter Handscomb, Shaun Marsh, Glenn Maxwell, Marcus Stoinis, Ashton Turner, Jhye Richardson, Adam Zampa, Andrew Tye, Pat Cummins, Nathan Coulter-Nile, Alex Carey, Nathan Lyon, Jason Behrendorff.For sports news, updates, live scores and cricket fixtures, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for Sports news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byrohan sen Tags :Follow india vs australia live streamingFollow India vs Australia MatchFollow India vs Australia LiveFollow Where to Watch India vs Australia Match India vs Australia Live Streaming: When Where and How to Watch IND v AUS 5th ODIIndia vs Australia (IND vs AUS) 5th ODI Live Streaming: Losing an ODI series at home will definitely not be ideal preparation for a team touted as one of the favourites to win the World Cup.advertisementlast_img read more

Halifax to Host International Conference on Marine Mammalogy in 2017

first_imgMore than 1,500 global leaders in marine mammalogy are coming to Nova Scotia and the new Halifax Convention Centre in 2017 for the international society’s biennial conference. The Society for Marine Mammalogy announced Halifax as the host city today, June 8, in honour of World Oceans Day. This is the first time the conference will be hosted in Atlantic Canada. “This conference will provide a valuable opportunity for our scientists and others who work for the good of marine mammals to better understand the challenges and opportunities for survival these species face in our oceans today,” said Gail Shea, federal Minister of Fisheries and Oceans. The Conference on the Biology of Marine Mammals will connect experts across government, industry, business and academia to promote collaboration and information sharing. “We’re proud to partner with our local researchers to help bring this conference to Halifax and our new state-of-the-art convention centre,” said Scott Ferguson, president and CEO of Trade Centre Limited, the Crown corporation tasked with marketing and selling the Halifax Convention Centre. “Events like this highlight the cutting-edge work of our ocean experts and put our province on the world stage.” The successful bid was led by local scientists with the Department of Fisheries and Oceans and the Marine Animal Response Society, together with the Halifax Convention Centre, last September. “We’re very excited that Halifax was chosen to host this prestigious gathering of marine mammal researchers from across the world,” said Tonya Wimmer, biologist, Marine Animal Response Society and local chair for the 2017 Conference on the Biology of Marine Mammals. “It will be a terrific opportunity to not only learn about innovative and critical research being conducted globally, but also to highlight our city and the high-quality research being conducted right here.” The seven-day event will feature a series of speakers, workshops and poster sessions focused on marine mammal research, conservation and improving the quality of marine research within the scientific community. Delegates will gain exposure to Nova Scotia’s rich ocean expertise, including the region’s advancements in acoustics, behaviour, sensors, instrumentation and other ocean-based research. Nova Scotia is home to the world’s highest concentration of scientists in ocean-related subjects, including Canada’s largest ocean-related research institution, the Bedford Institute of Oceanography. The 2015 Conference on the Biology of Marine Mammals will be held in San Francisco before leaders in the field from around the world make their way to Halifax in 2017.last_img read more

UN expert urges DPR Korea to urgently address abductions of Japanese

18 January 2008An independent United Nations human rights expert today called on the Democratic People’s Republic of Korea (DPRK) to “show a sense of responsibility urgently” in tackling the issue of abductions of Japanese citizens. Of the 17 people officially listed as having been abducted by the DPRK, five have returned to Japan, and the DPRK states that of the remaining 12, eight have died and four never entered the country.“Such claims remain unconvincing and unsubstantiated,” said Vitit Muntarbhorn, UN Special Rapporteur on the situation of human rights in the DPRK, in a statement at the end of his five-day visit to Japan.He called on the DPRK – which admitted to the abductions at a 2002 summit with Japan – to provide “tangible results and an effective response, with due respect for the safety of the abductees, to return them immediately to Japan, and to act against the impunity of those who perpetrated the crime of abductions.”The expert voiced support for several initiatives to settle the issue peacefully based on international law, and called on the DPRK to commit to resolving the matter substantively through the bilateral track with Japan under the Six Party Talks – which also involve China, Russia, the United States and the Republic of Korea – or other channels.During his trip, his third to Japan, Mr. Muntarbhorn sought to assess the impact of the DPRK’s human right situation on Japan, and met with the Foreign Minister and other officials, representatives of civil society and parliamentarians, among others.His talks with the families of those who had been abducted by the DPRK were “of particular importance,” and he expressed his deep sympathy for “the pain and suffering caused by the human rights violations committed by the DPRK.”The Special Rapporteur highlighted the international dimension of the abductions, given the increasing acknowledgment that the DPRK has abducted nationals of other countries in the past, and appealed for bolstered efforts by the international community to “ensure accountability on the issue and to influence” the nation to settle the issue quickly and effectively. read more

Clinton asks FBI to release full details of new email investigation

A week to go before Election Day and the email controversy that has plagued Hillary Clinton’s campaign has come back to the forefront of the presidential campaign.The F-B-I has announced it’s looking into whether there was any classified information on a device belonging to disgraced ex-congressman Anthony Weiner.Weiner is the estranged husband of a longtime Clinton aide and is the subject of a separate investigation for sending explicit text messages to a teenage girl.Clinton has challenged F-B-I Director James Comey to release the “full and complete facts” of the new email investigation. read more

Lam says she hasnt resigned because its easy way out

Hong Kong leader Carrie Lam says she has never tendered her resignation to China over the anti-government protests that have roiled the city for three months.Lam was asked repeatedly at a news briefing Tuesday about a Reuters report citing leaked audio of her telling business leaders recently that she would quit “if I had a choice.”Lam said she did voice her frustrations during the private meeting but also explained that quitting was an easy way out for her amid the prolonged crisis. She also slammed the recording and leaking of her comments as “unacceptable.”Lam was elected as Hong Kong’s chief executive by a pro-Beijing committee of Hong Kong elites and has come under withering criticism for pushing the widely opposed extradition bill that set off the protests.The Associated Press read more

Security Council shows support for recent moves towards peace in Burundi

In a press statement issued in New York, the Council’s members said they supported the signing of a protocol in Pretoria on 2 November between Burundi’s transitional government and the country’s biggest rebel group, le Conseil National pour la Défense de la Démocratie/Force pour la Défense de la Démocratie (CNDD-FDD).The protocol is a supplement to a broader power-sharing protocol, signed early last month, between the Burundian President, Domitien Ndayizeye and the leader of the CNDD-FDD, Pierre Nkurunziza.The Council members added that they welcomed the regional summit starting on 14 November in Dar es Salaam, Tanzania, which is expected to endorse the so-called Pretoria Protocol.According to the protocol, representatives of the CNDD-FDD will enter the government in three weeks and begin integrating the two armies. The CNDD-FDD will also be transformed into a political party.Council members praised efforts by South Africa, especially its President Thabo Mbeki, Uganda, Tanzania and others involved in the Regional Initiative for Burundi to promote peace in the African nation.The members also urged the Forces Nationales de Liberation (Palipehutu-FNL) to join the Arusha agreement peace process immediately. It is the only armed rebel group that has not done so. read more

Most actively traded companies on the TSX TSX Venture Exchange markets

Most actively traded companies on the TSX, TSX Venture Exchange markets AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Canadian Press Posted Jan 16, 2013 5:41 pm MDT TORONTO – Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (12,608.82 down 33.15 points):Research In Motion (TSX:RIM). Wireless technology. Up 28 cents, or 1.96 per cent, at $14.55 on 9,854,952 shares. The surging BlackBerry maker’s stock traded as high as $15.14 at one point amid news that the Visa credit card system had approved RIM’s method for handling secure mobile payments.B2Gold Corp. (TSX:BTO). Miner. Up eight cents, or 2.06 per cent, at $3.97 on 9,015,946 shares. The Supreme Court of Western Australia has approved the company’s merger with CGA Mining.Bombardier Inc. (TSX:BBD.B). Transportation equipment. Up two cents, or 0.50 per cent, at $4.04 on 7,367,057 shares.Labrador Iron Mines Holdings Ltd. (TSX:LIM). Miner. Down 17 cents, or 13.08 per cent, at $1.13 on 6,891,577 shares. CIBC lowered its rating of the iron ore producer’s stock to sector perform from outperform.Uranium One Inc. (TSX:UUU). Miner. Unchanged at $2.78 on 5,411,695 shares. Uranium One’s Russian majority shareholder, ARMZ, is hoping to take the company private in a friendly, $1.3-billion deal.CGA Mining Ltd. (TSX:CGA). Miner. Up eight cents, or 2.80 per cent, at $2.94 on 5,005,912 shares. The stock closed higher as its merger with B2Gold got approval in Australia, where CGA is based.RMP Energy Inc. (TSX:RMP). Oil and gas. Down 15 cents, or 4.31 per cent, at $3.33 on 4,780,222 shares. The Calgary-based company lost some of its gains from Tuesday when the stock closed at its highest level ever following news of record fourth-quarter production.TSX Venture Exchange (1,230.20 down 1.59 points):ArPetrol Ltd. (TSXV:RPT). Oil and gas developer. Unchanged at one cent on 11,981,350 shares.Fission Energy Corp. (TSXV:FIS). Up 14 cents, or 21.88 per cent, at 78 cents on 10,114,365 shares. Toronto-Denison Mines (TSX:DML) signed a deal to buy Fission Energy in a stock-swap deal valued at about $70 million that will see the company spin out some of Fission’s assets to a new company. Denison Mines’ stock increased two cents, or 1.37 per cent, to $1.48 on 1,925,203 shares.Companies reporting major news:Magna International Inc. (TSX:MG). Auto parts. Up 96 cents, or 1.88 per cent, at $52.14 on 784,457 shares. The auto parts giant says it expects between US$31.3 billion and US$32.7 billion of sales globally this year. About half of the 2013 total will come from the sale of parts to North American manufacturing operations.Pizza Pizza Royalty Corp. (TSX:PZA). Restaurant chain. Up eight cents, or 0.79 per cent, at $10.27 on 68,170 shares. Pizza Pizza is hiking its monthly dividend by 4.2 per cent to 6.25 cents from six cents, effective with the January payout. On an annual basis, the dividend will increase to 75 cents from 72 cents per share. read more

Geithner defends terms of AIG bailout citing risky conduct interest rate said

by Marcy Gordon, The Associated Press Posted Oct 8, 2014 1:42 pm MDT Geithner defends terms of AIG bailout, citing risky conduct; interest rate said ‘crazily high’ AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email WASHINGTON – Former top regulator Timothy Geithner defended terms of the U.S. government’s bailout of American International Group Inc., saying Wednesday that the insurance giant’s exceptionally risky behaviour had caused losses that called for strict treatment.The terms included a huge government stake in the company and an interest rate called “crazily high” by a government official.Geithner headed the New York Federal Reserve when it extended an $85 billion rescue loan to AIG in September 2008 as the company veered toward collapse.In trial testimony, Geithner said he and his colleagues at the Fed and the Treasury Department believed that AIG’s dire financial condition was “substantially” the result of its management taking on excessive risk.AIG, which had operations around the globe, buckled after making huge bets on mortgage securities that soured.The government stepped in with a total of nearly $185 billion in aid, which New York-based AIG has since repaid.It was the second day of questioning for Geithner in the trial of a lawsuit brought by former AIG Chairman and CEO Maurice Greenberg. Greenberg is suing the federal government for about $40 billion in damages, asserting that it violated the Constitution’s Fifth Amendment by taking control of AIG without “just compensation” for the shares it received. The government took control of 80 per cent of AIG’s stock in exchange for the bailout aid.David Boies, the attorney representing Greenberg, tried to point out contradictions in Geithner’s statements about AIG’s risk-taking and build the case that AIG was given unfairly punitive treatment by the government compared with other big financial companies receiving aid.As a general policy, Geithner testified, the government imposed losses on shareholders of bailed-out companies that were in proportion to the bad decisions made by their managers.That would appear to explain the big equity stake the government took in AIG and the interest rate on the loan, which was set at about 12 per cent annually. In testimony Tuesday, Geithner had noted the 3.5 per cent rate on the government’s loan to Citigroup Inc., which received a $45 billion bailout. While affirming the necessity of the AIG bailout to avert catastrophe for the financial system, Geithner also acknowledged having said the bailout “wiped out” AIG shareholders.In an Oct. 22, 2008 email cited by Boies, a New York Fed official called AIG’s interest rate “crazily high” and said it was “forced” on the New York Fed “by people that have since punted on all the hard things that came about as a result of the decision to lend” to AIG.Geithner said the “people” likely referred to officials at the Federal Reserve Board in Washington or the Treasury Department.Under later questioning by the government’s lawyer, Geithner refuted the idea that he was forced to set the interest rate and said he settled on it in consultation with the Federal Reserve Board and Treasury.The New York Fed had reduced the rate from an earlier higher level, he said.In a deposition he gave earlier in the suit, Geithner said “AIG had taken much more risk” than other big financial institutions.He testified Wednesday that he had “some direct knowledge” of the risks AIG had taken when New York Fed officials were monitoring the company’s condition in mid-September 2008.But Boies pointed to another statement by Geithner from his deposition: “We had no basis for having any direct knowledge of the risks” because the Fed wasn’t the primary supervisor of AIG.AIG became a symbol for excessive risk on Wall Street and a touchstone of public anger. It was criticized, among other things, for paying millions of dollars in bonuses to executives after it was bailed out.Geithner left the New York Fed when he became Treasury Secretary in the Obama administration in January 2009.On Monday Henry Paulson, a Treasury secretary under George W. Bush, testified at the nonjury trial that the AIG bailout was specifically designed by the government to punish the company. Paulson, who headed Treasury at the time of the rescue, said AIG shareholders should have faced punishment for the company’s troubled balance sheet.Former Fed Chairman Ben Bernanke is scheduled to testify Thursday at the trial at the U.S. Court of Federal Claims in Washington. read more

Indigo exLululemon CEOs take aim at sugar call for transparent food labelling

by Aleksandra Sagan, The Canadian Press Posted Apr 7, 2016 2:00 am MDT Last Updated Apr 7, 2016 at 7:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Indigo, ex-Lululemon CEOs take aim at sugar, call for transparent food labelling TORONTO – Two Canadian business leaders want the country’s food industry to use more transparent labels so Canadians know just how much sugar they’re consuming.Indigo’s CEO and the former CEO of Lululemon are making sugar one of their main targets as they fight to change industry standards.Sugar is the enemy, said Heather Reisman, CEO of Indigo Books and Music Inc. (TSX:IDG) and executive producer of the 2014 documentary Fed Up, which takes on the sugar industry.Lots of processed food contains high amounts of sugar, she said.“Today, sugar is in everything — everything,” she said during a presentation to the Toronto Region Board of Trade earlier this week. “It’s in ketchup. It’s in canned foods. It’s in the bread we eat.”People have become addicted to sugar, contributing to the obesity epidemic, Reisman said. For her part, she’s prohibited Indigo stores from selling chocolate treats at checkout counters to help hungry customers avoid making sugar-laden impulse purchases.On average, about 13 per cent of calories consumed in Canada come from sugar, according to Canada’s Heart and Stroke Foundation. That’s at least three per cent too much.The foundation recommends sugar account for no more than 10 per cent of the calories people consume daily, or about 12 teaspoons for an average diet of 2,000 calories a day. The World Health Organization echoes this, but suggests less than five per cent, if possible.Therefore, Canadians need to change the way they eat, Reisman said — and to succeed they need easier-to-understand food labels.Currently, food packages list how many grams of sugar are contained in a single serving size (like half a cup).“You have to be a chemist to understand how much sugar is in the product,” she said.Instead, Reisman is calling for something more “straightforward,” like the number of teaspoons rather than grams.Reisman said she proposed the idea to people she said are responsible for re-labelling. “Guess what? No interest whatsoever.”She was unavailable later to respond to questions about what people she’d met with.The federal government pledged to revamp food labels in the October 2013 throne speech.Last June, Health Canada announced its proposed changes.They include adding what percentage of a person’s daily recommended amount of sugar is contained in a product and grouping all sugars (like fancy molasses) together on the ingredient list. They did not include distinguishing between natural sugars, like those found in fruits and unsweetened fruit juices, and added sugars, which some industry watchers had anticipated.Health Canada is now in the process of reviewing comments from a public consultation on the proposed changes that ended last August.A Health Canada spokeswoman would not provide a timeline for when the new regulations would be published, saying it would take the time it needs.The spokeswoman also said Health Canada could not immediately provide any further details or answer questions about the proposed changes, instead pointing to online information about the public consultation process and the proposed changes, as well as Prime Minister Justin Trudeau’s mandate letter to his health minister, Jane Philpott.In that letter, Trudeau instructed Philpott that one of her top priorities was to improve “food labels to give more information on added sugars” in processed foods.That kind of transparency in labelling is needed, said Christine Day, the former CEO of Lululemon. She’s now chief executive at Luvo, a company touting nutritious frozen food meals low in sodium and sugar.There are lots of gaps in labelling practices, she said, but sugar in particular stands out.Health Canada’s proposal to include the percentage of a serving’s daily recommended amount of sugar is progress, she said. But added sugars, common in foods like yogurt and granola bars that are typically viewed as healthy, should be listed separately.Day said she has no qualms with doing that for her frozen meal products, which already provide detailed ingredient information.“As Canadians, whether our government’s ready or not to address the labelling issue, I think businesses are ready to provide solutions to consumers,” Day said.———Follow @AleksSagan on Twitter read more

Drug which helps woman survive breast cancer can also stop prostate cancer

Paul Villanti, from charity Movember, said: “It’s very exciting to see results which show how existing treatments such as olaparib could be repurposed to benefit men with the BRCA2 gene mutation. We hope this will give clinicians another weapon in their arsenal in the fight against advanced prostate cancer.” Mammogram  Medics said the treatment – from a class of drugs called PARP inhibitors – could become the first to use gene targeting to fight prostate cancer. They hope the treatment, which works by stopping tumour cells from repairing themselves after chemotherapy or radiotherapy, could be available in Britain within two years.Every year around 47,000 men in the UK are diagnosed with prostate cancer, causing 11,000 deaths.The study screened the tumours of 592 men, and found more than one in four had alterations in one or more genes linked to damaged DNA, most commonly because of BRCA mutations.Overall, 47 per cent of men with defects responded to the drug, delaying progression for an average of almost six months.The best results were in those with a BRCA mutation, with response rates of 80 per cent. Prof de Bono said he hoped the NHS would fund the treatment in future.“We were delighted to see such strong responses in men with very advanced cancers, where BRCA mutations and other faults in DNA repair genes were present within their tumours. The next phase of the trials is now under way and, if the results look as good as we hope, we should see olaparib starting to reach the clinic for men with prostate cancer in the next couple of years.”In rare cases, men had survived on the drug for 10 years. “We are certainly seeing many men taking them for more than a year,” he said.The study examined progression of disease.But Prof de Bono said he was confident they will show improvements in survival.Professor Ruth Plummer, from Cancer Research UK, said: “These promising results suggest that more patients with a wider range of tumour types may benefit from PARP inhibitors than previously thought.“As we move towards an era of personalised medicine, homing in on specific genetic faults in prostate tumours could provide more options for certain men with the disease. Larger clinical trials are now needed to see if this approach saves lives.” RStudy leader Professor Johann de Bono, from the ICR, said: “Our study is exciting because it shows just how powerful genetic targeting and precision medicine can be. We have shown that by testing for DNA repair mutations we can select those patients with a high chance of responding welland for a long time to the targeted drug olaparib.”“Overall between one in three and one in four men with lethal prostate cancer respond – those with DNA repair defects. That means 3,000 or 4,000 men a year in the UK would benefit from these drugs in the UK,” he said. A pioneering drug that boosts survival for women with breast cancer can stall progression of prostate cancer in men, a landmark study has found.The British trials suggest the treatment – which is also used to treat ovarian cancer – could benefit up to 4,000 men a year, delaying the moment when the disease becomes deadly.Charities said they were “very excited” about the findings from the study by the Institute of Cancer Research (ICR) and the Royal Marsden Hospital.The drug, called olaparib, is already funded on the NHS for women with ovarian cancer fuelled by BRCA gene mutations and will soon be reviewed for its use for breast cancer.The damaged DNA has been dubbed “the Jolie gene” after Hollywood actress Angelina Jolie, who underwent a double mastectomy and ovary removal to cut her cancer risk.Research has now found that the treatment worked in 80 per cent of men with prostate disease who were suffering from the same mutations.Even though the patients had advanced disease, the drug stalled the disease for an average of eight months. And one in three were free of progression for more than a year. 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. read more

Poll Do you support striking Tesco workers

first_img No (3216) STAFF AT SOME Tesco stores have voted to strike ‘indefinitely’ from tomorrow over issues surrounding the contracts of the company’s longest-serving Irish workers.Today, staff at two stores – Sligo and Ballina – have voted against striking. The move means that a total of 8 stores of the 24 balloted have rejected Mandate’s call for strike.The row centres on the contracts of those employees remaining who have been employed since before 1996, with the retailer claiming that those contracts are no longer fit for purpose. They say that their stores will remain open as usual.They have called on trade union Mandate to call off the strike and accept a recommendation by the Labour Court which affects 250 of the 14,500 staff at Tesco.“Tesco condemns the call by Mandate this morning for customers to shop in competitor supermarkets which do not recognise trade unions.  The suggestion by Mandate this morning that shoppers should stop shopping altogether is equally absurd and highlights their removal from the reality of the retail marketplace.”We’re asking: Do you support striking Tesco workers? Image: PA Archive/PA Images I don’t know (1159) Poll Results: By Paul Hosford http://jrnl.ie/3236975 Tweet thisShare on FacebookEmail this article Image: PA Archive/PA Images YesNoI don’t knowVotecenter_img Poll: Do you support striking Tesco workers? Staff at nine stores will strike from tomorrow. 63 Comments Yes (10021) Feb 13th 2017, 12:28 PM 28,885 Views Share145 Tweet Email Short URL Monday 13 Feb 2017, 12:28 PMlast_img read more

Trial for triplemurder suspect pushed back to October

first_imgBrent Ward Luyster’s triple-murder and attempted jail escape trial — originally set to start April 17 — was pushed back this morning to Oct. 30 after the court determined the defense will not be ready in time.Vancouver attorney Chuck Buckley, who was appointed to represent Luyster about two weeks ago, said his client’s prior counsel had not started any fact-finding interviews with witnesses. The prosecution said it plans to call 40 witnesses to testify at Luyster’s trial and that there are about 10,000 pages of discovery, or evidence, to review.Luyster — a 35-year-old known white supremacist — is accused of fatally shooting three people and wounding a fourth July 15 at a Woodland home and trying to escape from the Clark County Jail the night of Feb. 12 through a broken cell window. The alleged attempt was interrupted by a corrections deputy conducting a routine perimeter check of the jail.Buckley said it appears that Luyster’s previous attorneys, Bob Yoseph and Ed Dunkerly, spent much of their time preparing a case against the death penalty. Luyster is charged with three counts of aggravated first-degree murder; aggravated murder is the only charge in Washington that carries the possibility of capital punishment.Both attorneys withdrew as Luyster’s counsel during arraignment March 6 after Superior Court Judge Robert Lewis ruled only one could stay on, in light of the Clark County Prosecuting Attorney’s Office’s decision not to pursue the death penalty.last_img read more