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240 Small Farmers to Benefit from Loans

first_imgA total of 240 small farmers in eastern parishes are to benefit from loans this fiscal year to enhance agricultural production.These include some 80 banana and plantain farmers and 160 vegetable, Irish potato and onion farmers.The provision comes under the Agricultural Support Project, for which some $57 million has been set aside in the 2013/14 Estimates of Expenditure, which is now before the House of Representatives.The project, funded by Caribbean Development Bank (CDB), aims to provide support to the agricultural sector by fostering an increase in small farm agricultural production.Specifically, it seeks to provide access to credit by small farmers and small-scale agricultural entrepreneurs, in order to increase agricultural production and competitiveness, so as to enhance economic growth.Since the inception of the programme in 2009, 498 loans have been approved for on-lending to pig, poultry, Irish potato, greenhouse, and vegetable farmers. By Alphea Saunders, JIS Reporterlast_img read more

Harmeet Ayhika win as India complete golden sweep in Cwealth TT

first_imgCuttack: Harmeet Desai and Ayhika Mukherjee won the men’s and women’s singles titles as hosts India completed a clean sweep, claiming all the seven gold medals on offer at the 21st Commonwealth Table Tennis Championships here on Monday. Harmeet, 26, beat favourite G Sathiyan 4-3 (9-11 6-11 11-5 11-8 17-15 7-11 11-9 in a hard-fought final to claim the men’s singles title. After being down 0-2 initially, Harmeet made a valiant comeback to outwit Sathiyan in a marathon seven game contest. Also Read – Puducherry on top after 8-wkt win over ChandigarhEarlier in the day, Anthony Amalraj and Manav Thakkar claimed the men’s doubles gold by stunning top seeds Sathiyan and Sharath Kamal 3-1 (8-11 11-6 13-11 12-10). In women singles, Ayhika won her maiden gold in the championships, thrashing former national champion Madurika Patkar 4-0 (11-6 11-4 11-9 19-17). Pooja Sahasrabudhe and Krittwika Sinha Roy defeated compatriots Sreeja Akula and Mousumi Paul 3-1 (11-9 11-8 9-11 12-10) to claim the women’s doubles crown. Interestingly, no paddler could replicate their gold-winning performance in other events. The domination of home paddlers could be gauged from the fact that all finals Monday featured only the Indians. Indian paddlers topped the medals tally with seven gold, five silver and three bronze. England (2 silver, 3 bronze) were second ahead of Singapore (6 bronze), Malaysia and Nigeria (1 bronze each).last_img read more

Get on with tackling outstanding issues with Indigenous child welfare Sinclair

first_imgOTTAWA – Enough talk about the over-representation of Indigenous kids in the child welfare system — it’s time for action, says the former chair of the Truth and Reconciliation Commission.Murray Sinclair, now an independent senator, says it’s critical to get all the federal, provincial and territorial players moving now — a message he plans to deliver this week at an emergency conference in Ottawa with officials and experts from across the country.“The most important thing right now is get the parties that are involved in child welfare in Canada … to start doing something,” he said in a recent interview, adding that the child welfare system is “frozen by analysis, so they are paralysed into thinking their job is too huge and they are not going to be able to fashion any type of a proper resolution.”Sinclair said he hopes the conference will focus on “how do we move in concert with each other, so provincial, territorial and federal government officials talking about what is it that each party has to do in order to address the over-representation and unnecessary over-representation of Aboriginal children in care.”The impact of that over-representation can be devastating. There is, for instance, an unmistakable link between the number of children who end up in care and the sky-high rate of Indigenous people who end up in jail, Sinclair said.As chair of the TRC, Sinclair spent six years documenting Canada’s residential school legacy — a government-funded, church-operated assimilation program from the 1870s to 1996 — and issued 94 recommendations, including several involving child welfare reform that topped the list.Among other things, the commission called on federal, provincial, territorial and Aboriginal governments to commit to reducing the number of Indigenous children in care by taking action — including providing adequate resources to allow Indigenous communities and child welfare organizations to keep families together where possible and keep children in culturally-appropriate environments.Indigenous Services Minister Jane Philpott and her senior officials seem prepared to take additional steps to confront systemic failures, Sinclair said. But he warned them against getting caught up in a “well-intentioned dialogue” without being able to point to concrete changes.“At a certain point in time, there’s going to be a turning point,” Sinclair said. “I think with child welfare, we are there. I think we actually have a minister and we have senior officials in place within her department who are prepared to try and make some change.”At the Assembly of First Nations’ special chiefs meeting in December, Philpott announced that the upcoming federal budget will include more money for First Nations child welfare services on reserves but she stopped short of saying how much. She reiterated that promise Tuesday as she outlined the goals of her new department and said fixing the child welfare system is her number one priority.She said the Liberal government is keen to fix the “funding gap” in the resources available to Indigenous children as compared to non-Indigenous kids and conceded the Liberals have been called out repeatedly for not doing enough.But it will take far more than additional funds to address systemic problems, Philpott insisted, arguing that reform must also focus on prevention, keeping children with their families and communities and returning children currently in care.She said the two-day emergency meeting, which starts Thursday, is not intended to assign blame. Rather, it’s aim is to look for ideas on what can make the system work better and what kind of funding is needed to implement those ideas.Philpott also said Prime Minister Justin Trudeau has asked her to work as fast as possible to change outcomes for Indigenous people in Canada.For their part, the AFN and the First Nations Child and Family Caring Society want the federal government to earmark more money for the problem and have pointed to a unanimous motion passed in the Commons in fall 2016 that called for an immediate $155-million cash infusion.NDP Indigenous Affairs critic Charlie Angus estimates the immediate shortfall in funding is at least $300 million a year.— with files from Mia Rabson— Follow @kkirkup on Twitterlast_img read more

Another Arab Spring

first_imgThe Arab Spring that swept much of the Arab countries eight years ago seems to be knocking at the doors of the Arab world once again if one goes by the recent eruption of anti-government protests in Algeria and Sudan. The protesters in these countries are voicing the same sentiments that led to uprisings also known as Jasmine Revolution in Tunisia, Egypt, Libya, Yemen and Syria in 2011. Tens of thousands of people from all sections of society have been demonstrating across Algeria since last month, after the country’s 82-year-old wheelchair-bound ailing president Abdelaziz Bouteflika announced his decision to run for a fifth term in the presidential elections to be held on April 18. Also Read – A special kind of bondThe protestors turned out not just in the capital Algiers and major cities of Oran and Constantine but also in cities and town such as Batna, Blida, Skikda, Borja Bour Arreridj and elsewhere. They had no organisers. Initially, it began online by demonstrating the power and reach of social media, particularly among the youth. Later, people from other generations also actively participated in the demonstrations. The protestors also highlighted corruption and unemployment plaguing the country and demanded an overhaul of a stagnant political system dominated by veterans of the 1954-62 war of independence against France. Also Read – Insider threat managementAfter many days of silence and perhaps sensing the public mood, Bouteflika – who has been in power since 1999 – in a letter read out on the state television on March 11, announced that he would not seek the office for a fifth term but gave no indication of whether he would step down when his mandate expires next month. The Algerian leader, who has barely appeared in public since suffering a stroke in 2013, also postponed the April elections and announced that a new constitution would be put to a referendum. There was no word as to when either would be held. This shows that “he gives in on the presidential but not on power,” independent newspaper El Watan wrote in an editorial titled “Bouteflika’s last trick”. Ali Benflis who worked as Bouteflika’s prime minister from 2000 to 2003 before launching his own party, Talaie El-Hurriyet, and establishing himself as one of the leading opposition figures said in a Facebook post: “The extension of the fourth term is an act of aggression against the constitution by non-constitutional forces (hinting at the shadow advisers surrounding the president, mainly his brother Said).” Continued protests in various cities, even after Bouteflika’s letter, sent a clear message that the demonstrators do not intend to back down. Four of Bouteflika’s long-ruling counterparts – in Tunisia, Egypt, Yemen and Libya were all ousted following the 2011 Arab uprisings. Although some observers have likened the protests to the 2011 Arab uprisings, many said this comparison is reductive and fails to account for Algeria, whose power structure extends beyond the leadership’s inner circle and whose history or revolutionary fervour and pro-democracy activism that led to a multiparty system in 1988 remain important. However, it is to be noted that young Algerians have no bond with the independence war except through their grandparents. Their priorities are to get employment and better services that the North African country is failing to provide despite its oil and gas wealth. The country’s opposition also remains badly fragmented. Although Algerian analysts have spoken for promoting prominent figures within the political system, it remains to be seen if this would happen. Bouteflika also promised “deep reforms” and an “inclusive and independent national conference” that would lead to a “transformation of our nation state”, and fixed polls. He also removed the “unpopular” Prime Minister Ahmed Ouyahia and appointed the high-profile 59-year-old interior minister Noureddine Bedouin in his place. However, initiatives by the veteran revolutionary to defuse the situation have failed to satisfy many Algerians who want the power to move to a younger generation with fresh ideas. There is no indication that the demonstrations will come to an end in the near future. Bedouin said his government would rule for “a short period of time” and an independent commission will oversee the next presidential election. He also urged opposition to accept dialogue but lawyers and activists, who protestors have chosen to lead the drive for reforms, are in no mood to compromise and have said that they will not negotiate, at least for now. Albara, a town in northeastern Sudan, last erupted in protest on December 19 against the military dictatorship that has ruled the country for almost three decades following a tripling of bread prices to demand “freedom, peace, justice and the downfall of the regime.” The protests intensified into nationwide demonstrations against President Omar Hassan al-Bashir’s three-decade regime. Demonstrators set fire to the ruling National Congress Party’s headquarters. On February 22, the government declared a state of emergency and imposed curfew in towns where some of the first protests took place. Several tough measures including a ban on unauthorised rallies and permitting security forces to carry out raids and searches without warrants have been imposed. Schools and universities were closed. National newspapers were censored or shut down. Internet service was disrupted and mobile phone operators restricted access to WhatsApp and other social media sites. At least 31 people have officially died so far in actions by security forces against the protestors. However, the Human Rights Watch has put the death toll at 51. Even on Thursday, scores of protesters rallied in Khartoum, the Sudanese capital, as Bashir swore in a new cabinet to tackle the economic crisis that has triggered months of protests against his rule. Possibly, this represented the greatest threat to the regime of President Omar Hassan al-Bashir since he came to power in a military coup in 1989. Observers say that Bashir is unlikely to give in to such protests as during his three decades in power he has never hesitated to unleash violence against his own population. However, it is clear that decades of pent up frustration of the people against the ruling class is slowly finding its release. Sudan has for years been grappling with soaring inflation and an acute shortage of foreign currency, especially since the secession of the South in 2011 that took away the bulk of oil earnings. The sustained popular uprising in both Algeria and Sudan seems to be gathering force, indicating that Arab uprising is resuming but it is too early to predict the outcome. (The author is a former Editor of PTI. He has also served as West Asia Correspondent for PTI, based in Bahrain from 1988 to 1995. The views expressed are strictly personal)last_img read more

UN envoy visits Gaza to assess humanitarian situation

10 July 2008With Israel and Gaza declaring a halt in fighting last month, a senior United Nations official today travelled to Gaza to assess how the world body can restart stalled humanitarian programmes in that area of the occupied Palestinian territory. Robert Serry, the UN Special Coordinator for the Middle East Peace Process (UNSCO), visited housing, environmental and sanitation works projects in Khan Yunis, as well as witnessed first-hand the impact of the sewage problem on Gaza.According to UNSCO, the current lull in violence in Gaza provides an opportunity to boost the situation there, with a resumption of UN projects helping to consolidate the recent calm.Yesterday, the Coordinator wrapped up a series of discussions in Cairo, Egypt, and Amman, Jordan, following earlier talks with President Mahmoud Abbas and senior Israeli officials.UNSCO was established in 1994 following the signing of the Oslo Accord, and since 2002, the Special Coordinator has been the Secretary-General’s envoy in the Middle East Quartet, comprising the UN, the United States, the European Union and Russia. read more

Assembly President strongly condemns attempted coup in Honduras

The Assembly President “clearly and strongly condemns the attempted coup d’etat that is currently unfolding against the democratically elected Government of President Manuel Zelaya of Honduras,” his spokesperson said in a statement. He “expresses his deep concern and hopes that the rule of law is respected. He also appeals to the different parties to resolve their differences through peaceful dialogue,” the spokesperson added. Media reports say that President Zelaya vowed on Thursday to ignore a Supreme Court ruling ordering him to reinstate the military chief he fired, escalating tensions ahead of a referendum scheduled for Sunday on changing the country’s constitution. Mr. D’Escoto told a news conference in New York that he thought the “ugly days” of military coups and the interruption of democratic processes were over. “We hope that it will be resolved soon for the good of the people of Honduras and of the whole region,” he stated. 25 June 2009General Assembly President Miguel D’Escoto today deplored an “attempted coup” against the Government in Honduras, and called on all parties to resolve their differences through peaceful dialogue. read more

Outage of TDs online brokerage service yields mounting complaints on social media

TORONTO — Some Toronto-Dominion Bank customers are having problems using its WebBroker internet brokerage service and taking to social media with their complaints.Several Twitter and Facebook users are complaining about problems logging into or using TD’s WebBroker website since Friday, and complaints about the bank logged on canadianoutages.com on Tuesday began to climb at around 9:30 a.m.The bank posted a message on the WebBroker website saying it is experiencing a system issue that is affecting a small percentage of clients, and clients can use the TD Mobile App as it works towards a solution.For Canada’s big banks, a housing hangover may loom in 2018From declining buybacks to rising rates, here’s 5 factors that may affect your portfolio in 2018TD Bank spokesman Paolo Pasquini said the bank plans to make capacity upgrades Tuesday night to WebBroker that will help solve intermittent delays some of its clients have recently experienced online. Pasquini said clients can also call TD Direct Investing (1-800-465-5463) to speak with an investment representative who can help process transactions on their behalf.“We apologize for any inconvenience this may have caused and thank our clients for their patience,” he said.TD WebBroker user Adam Kauppi said he started having problems using the service on Friday and called the bank for assistance, but hung up after waiting for two hours on hold.Kauppi, vice president of strategy and operations for U.S. startup Adcuratio, who lives in Toronto, said on Tuesday he eventually reached a TD Bank representative via Facebook, who offered to reimburse him the fee for four trades. However, Kauppi said he’s a fairly active trader — with transactions typically ranging from US$10,000 to US$200,000 — and that roughly $40 in refunded fees is not enough.“When you’re trading in big dollars, any matter of seconds changes considerable dollars, which doesn’t compare to the $9.99 commissions they’re going to reimburse me,” he said in a phone interview.Kauppi also expressed frustration that there were problems on Dec. 29, the last day of the trading year, because failure to execute trades can have tax implications. He said he plans to reach out to TD again to ask for free trades as further compensation.Pat Martin, a bookkeeper based in St. Catharines, Ont., estimated that she has lost a couple of thousand dollars due to missed buys and sells since she began having intermittent problems with WebBroker in recent days.However, she said that she has had problems with WebBroker at least a half-dozen times over the course of the year, but the recent episode was “exceptionally bad.” Martin said she tried to call TD on Friday, but gave up being on hold for more than an hour. She was unsuccessful reaching TD Bank by phone on Tuesday as well, she said.“I’ve dealt with TD since 2009… and it’s a hassle to switch to a different broker,” Martin said in a phone interview. “But this year, I’m going to seriously do some due diligence on other brokers.” read more

Annan condemns murder of communist party leader in Lebanon

“The Secretary-General was appalled to learn of yet another assassination in Lebanon,” said a UN spokesperson in a statement released in New York. “His sympathies and condolences are with the family of the victim and, indeed, all of the people of Lebanon.”The Secretary-General urged the Lebanese authorities to bring those responsible for today’s “callous crime” to justice and to put an end to such acts of intimidation. “He calls on all concerned parties to contribute to the unity and stability in Lebanon,” the spokesperson said. read more

VIDEO What is happiness

first_imgWHAT MAKES YOU happy? And just what is happiness?Irish filmmaker Conor Horgan set out to ask people just that, speaking to pensioners, children, drag queens, homeless people, recovering addicts, shoppers and more about their thoughts on happiness.Do material things make you happy, or is happiness down to emotions and experiences outside of the material realm? What is your happiest memory?For some, happiness is intangible; for others, happiness is fleeting.A number of the most thought-provoking answers in this video come from those of a young age, while people with more life experience show that they know happiness often comes when least expected.Happiness:(Conor Horgan/Vimeo)VIDEO: Can you tell us how to be happy?last_img read more

Nasas flying saucer tests new Marslanding technology

first_imgThis is an opportunity to look at the data and learn what happen and apply that for the next test.NASA has two more flights planned to further test the new landing technology.Strong winds had forced NASA to postpone the flight, originally scheduled for a two-week launch window in early June.- © AFP, 2014Read: Curiosity Rover celebrates first year on Mars with an obligatory selfie >More: This is the most colourful photo ever taken by the Hubble Space Telescope > NASA sent a saucer-like vehicle high into the sky yesterday to test technology for a future Mars landing, but its parachute tangled when deployed and the spacecraft splashed into the Pacific Ocean.The test began when the US space agency attached its “Low-Density Supersonic Decelerator” vehicle to a helium balloon the size of a football field, the largest ever deployed, at a military base on the Hawaiian island of Kauai. The balloon carried the saucer high into the sky starting at 1840 GMT.NASA television broadcast the event live.After some 2.5 hours of ascent, when the balloon reached a height of 36,600 meters, it detached the saucer, which fired its rocket engine and rose to 54,900 meters travelling at 3.8 times the speed of sound.At that point the engine was cut off and NASA began its first test — deploying a doughnut-shaped inflatable device around the saucer dubbed the “Supersonic Inflatable Aerodynamic Decelerator”. Source: NASA/JPL-CaltechThis successfully slowed the saucer’s descent to 2.5 times the speed of sound.As the saucer plunged towards Earth, NASA began its second test — deploying a giant parachute 36 meters in diameter.The new technologies are being tested at extremely high altitudes similar to those in Mars’ upper atmosphere.To land on Mars NASA has been using a parachute system first used in the 1970s, but with heavier spacecraft larger parachutes are needed.The mammoth parachute should have helped the saucer complete a gentle landing on the Pacific Ocean. Instead it failed to fully deploy and the saucer plunged into the water.The parachute “does not look like it deployed that well,” said Dan Coatta, one of the mission specialists, interviewed on NASA TV. “It deployed, but it did not fully inflate.”Despite the parachute failure, NASA was satisfied with the $150 million test.“What we saw is a very good test,” said Coatta, noting that everything went well up to the point of the parachute test.last_img read more

Taxe carbone le Congrès américain soppose à la mesure européenne

first_imgTaxe carbone : le Congrès américain s’oppose à la mesure européenneAprès la Chine, c’est au tour du Congrès américain de condamner le système de taxation des émissions de CO2 du secteur de l’aviation. Il a appelé le gouvernement américain à prendre des mesures pour que les avions du pays n’aient pas à subir une telle taxe. Après que la Chine a clairement marqué son refus de coopérer à la mise en oeuvre de la taxe carbone européenne en interdisant à ses compagnies aériennes de la payer, le Congrès américain s’oppose lui aussi vivement à la législation sur les émissions de CO2 du secteur aérien entrée en vigueur le 1er janvier dernier.À lire aussiMaladie de Charcot : symptômes, causes, traitement, où en est on ?C’est dans un article ajouté à une une loi finançant l’Administration de l’aviation civile (FAA) que le Congrès condamne la directive contraignant toutes les compagnies aériennes entrant dans l’espace aérien européen à acheter l’équivalent de 15% de leurs émissions de CO2, soit 32 millions de tonnes. Comme le rapporte l’AFP, le parlement juge cette taxe “non conforme à la Convention relative à l’aviation civile internationale” de 1944, et “contraire à la coopération internationale pour régler efficacement le problème des émissions de gaz à effet de serre par l’aviation”.Le Congrès invite alors le gouvernement américain, qui en décembre dernier avait comme la Chine émis de fortes objections quant à cette mesure visant à lutter contre le réchauffement climatique, à “employer tous les outils politiques, diplomatiques et juridiques à la disposition des Etats-Unis pour s’assurer que le cadre d’achat des émissions de l’Union européenne ne s’applique pas aux appareils immatriculés aux Etats-Unis ou aux opérateurs de ces appareils”. Le 7 février 2012 à 15:49 • Maxime Lambertlast_img read more

POLICE LOG for May 12 Porch Fire DriveThru Troubles Car vs Pole

first_imgWILMINGTON, MA — Here are highlights from the Wilmington Police Log for Saturday, May 12, 2018:Police received report of a disturbance in the Cumberland Farms parking lot. Employee overheard the word “gun.” Vehicles were gone by the time police arrived. (12:58am)Police and Fire Department responded to a porch fire on Ohio Street. (1:10am)CareOne manager requested an officer to respond to take report of abuse made by one of the patients. (1:19pm)Employee at Meinkee reported a cat, possibly pregnant, wondered into the shop. Police contacted Lots of Love Cat Rescue and Lowell Humane Society. (1:30pm)A black 1999 Chevy Monte Carlo struck a pole on High Street. No injuries noted. Vehicle towed. RMLD and Verizon notified. (4:15pm)A 2-vehicle crash at Main Street and Glen Road closed down a portion of Main Street. Both vehicles towed. One vehicle’s occupants were transported to Winchester Hospital. (6:24pm)Dunkin Donuts employee flagged down an officer over threatening comments a customer made through the drive-thru window. Store may pursue a no trespass order. (9:06pm)McDonald’s employee reported customer at drive-thru window had strong odor of alcohol on breath. Vehicle left in the direction of Tewksbury. Wilmington Police contacted Tewksbury Police. (11:49pm(DISCLAIMER: This information is public information.  An arrest does not constitute a conviction.  Any arrested person is innocent until proven guilty.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip?Share this:TwitterFacebookLike this:Like Loading… RelatedPOLICE LOG for July 18: Cat Gets Stuck In Wall After Plastering Project; Baby Raccoons Get Stuck In ChimneyIn “Police Log”POLICE LOG for July 26: 2 Missing Teens; OUI Arrest; Main St. Shut Down Due To Crash; Road Rage IncidentIn “Police Log”POLICE LOG for August 18: 2 Vehicles With Same License Plate; Statue Missing From Wildwood CemeteryIn “Police Log”last_img read more

Trump to meet security advisers over N Korea test

first_imgDonald TrumpUS president Donald Trump will convene his national security team Sunday and weigh possibly drastic economic sanctions against North Korea after Pyongyang test-fired what it claimed was a hydrogen bomb able to fit atop a missile.“The national security team is monitoring this closely,” said White House press secretary Sarah Huckabee Sanders. “The president and his national security team will have a meeting to discuss further later today.”In a tweet Sunday, Trump denounced the powerful test-said to be the North’s first blast to exceed in power the atomic bombing of Hiroshima, Japan-as “very hostile and dangerous to the United States.”Other world leaders joined in the denunciation. China and Russia sharply condemned it, South Korean President Moon Jae-In called for the “strongest punishment,” and Britain said China should step up economic pressure on the North.In Washington, US Treasury Secretary Steven Mnuchin said he was preparing a package of economic sanctions to do that-measures “that would go as far as cutting off all trade and other business” with the North.“I’m going to draft a sanctions package and send it to the president for his strong consideration so anybody (who) wants to do trade or business with them will be prevented from doing trade or business with us,” Mnuchin said on “Fox News Sunday.”But he also said Trump had made it clear that “he will consider everything” and “look at all our options.”While the United States has virtually no trade with the North, the burden of sanctions such as Mnuchin described would fall heavily on China. About 90 percent of North Korean exports go to China.Early last month the United Nations Security Council adopted a seventh set of sanctions aimed at depriving the North of a billion dollars in income from exports. China approved the measures.Trump has repeatedly insisted that Beijing lean on the neighboring Pyongyang regime to stop its nuclear and missile development.But on Sunday he also aimed criticism at the government in Seoul, tweeting that the time for talks was over and that “appeasement” would not work.last_img read more

ASML shares jump on Intel deal

first_img Think Tank analyzes the second round of Democratic debates ErrorOK… ErrorOK Meghan McCain to release audiobook on conservatism, family Quick workouts for men Nikon shares fell sharply in Japan on fears it is being locked out of the increasingly close Intel-ASML partnership. They closed down 7.0 percent at 2,336 yen.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) Under the deal, Intel will also contribute (EURO)829 million in research and development funding, and has committed to advance purchase orders for the next generation of ASML’s multimillion dollar machines, including support and servicing they require. Details of the orders were not disclosed.“This is a very a very attractive deal for ASML,” said analyst Victor Bareno of SNS Securities, who rates shares a “Reduce” because shares are already highly valued. “The stake taken by Intel and the reverse stock split do directly not create shareholder value but the strategic implications of the deal are positive as it confirms the dominant position that ASML will take in the litho market for a prolonged period of time.”Intel’s chief operating officer Brian Krzanich said that lithography techniques – developed along with competitors such as Japan’s Nikon Corp – are “direct enablers of Moore’s Law,” which says that computing power per semiconductor chip doubles about every 18 months.“The faster we do this (move to the next generation of technology), the sooner we can gain the benefit of productivity improvements, which creates tremendous value for customers and shareholders,” he said in a statement. How Arizona is preparing the leader of the next generation AP Business WriterAMSTERDAM (AP) – Shares in ASML Holding NV surged Tuesday on news that Intel Corp intends to take a 15 percent stake in the company for around $3.07 billion, and will also help fund its research into new technologies. ASML said other large customers may also take equity stakes.In early morning trading, shares were 9.4 percent higher at (EURO)43.475 ($53.44).ASML, the world’s largest supplier of equipment to computer chip makers, said after the close of trading in New York Monday that it may issue up to (EURO)4.19 billion ($5.15 billion) worth of shares, or a 25 percent stake, to Intel and others. However, under the deal’s complicated structure, current shareholders would not be diluted, as ASML would distribute the proceeds to existing shareholders, and then carry out a reverse share split. Intel said in a statement it will first take a 10 percent share in ASML and then another 5 percent, pending regulatory and shareholder approval, paying (EURO)39.91 ($49.08) per share. ASML depository receipts closed at $50.00 in New York.ASML said other major customers – which include South Korea’s Samsung and Taiwan Semiconductor Manufacturing Company Ltd. – were also considering equity investments.“We welcome Intel as the first customer to agree to contribute to these investments, the results of which will be available to every semiconductor manufacturer with no restrictions,” said Eric Meurice, Chief Executive Officer of ASML.“We hope to be able to announce additional investments by our other customers in the coming weeks.”ASML makes multimillion dollar machines that are used at the heart of the semiconductor making process. Its “lithography systems” use intensely focused beams of light to map out the circuitry of computer chips.As chipmaking technology has progressed, investments in further improving the focus of beams has become increasingly difficult, and now requires sums of money so great no one company can risk taking them alone – and no chipmaker could afford to miss out on a serious advance in technology. New high school in Mesa lets students pick career paths 0 Comments   Share   Sponsored Stories Get a lawn your neighbor will be jealous of Top Stories More Valley freeways to be closed this weekend for improvementslast_img read more

IMAGE LR – Executive VP Chief Marketing Office

first_imgIMAGE: L-R – Executive VP & Chief Marketing Officer Mr. Sean Dee, Senior VP & Chief People Officer Ms. Ruthann Yamanaka, Mr. Ben Johnson, President & CEO Mr. Jeff Wagoner. (Photographer Jeff Chung)At the Outrigger Hospitality Group’s ‘The Outrigger Way’ annual awards ceremony held in Honolulu, Hawaii, Ben Johnson, Area Director of Sales and Marketing for Outrigger Fiji Beach Resort and Castaway Island, Fiji, was named ‘2018 Director of the Year – Sales and Marketing’.Well known for his distinctive beard, unique sense of humour and his infectious laugh, Ben joined Outrigger in November 2015, and it was his connection with key wholesalers, airline and industry partners, and his own team, that led to his nomination as an excellent ambassador for the two Fiji properties and the Outrigger Hospitality Group in general.Castaway Island General Manager, Mr. Steven Andrews said that the Outrigger Group and specifically Castaway Island were extremely lucky to have such a loyal and committed advocate and one who certainly deserves recognition for his dedication and hard work.“We have had our challenges in Fiji but Ben has established excellent relationships within the industry and works with them to deliver the best experiences for our guests. He is all about showing the world what Fiji has to offer,” he said.Outrigger Fiji Beach Resort’s acting resort General Manager, Mr. Russell Blaik, said that as a leader Ben was very accommodating and believed in the process of consultation and the soliciting of input from his team.“He encourages his team to freely share their thoughts and contribute towards discussions aimed at achieving growth,” Russell said.Chief Executive Officer and President, Mr. Jeff Wagoner, personally congratulated Ben and expressed his sincere gratitude for sharing the Outrigger vision and for providing outstanding leadership and inspiration to others.“Hosts like you are the foundation to the success of Outrigger, now and in the future,” Mr. Wagoner said. Castaway IslandhotelsOutrigger Fiji Beach ResortOutrigger Hospitality Groupresortslast_img read more

Perched atop the Keangnam Landmark72 from the 62nd

first_imgPerched atop the Keangnam Landmark72 from the 62nd to 71st floors, InterContinental Hanoi Landmark72 is now welcoming guests to enjoy one of its 359 rooms.The capital’s newest hotel is within the wider Landmark72 complex, which comprises retail, commercial and entertainment offerings, including a variety of meeting spaces ranging from 70 to 920 square metres. It is situated close to some of Hanoi’s major landmarks and attractions such as Hanoi Museum, Vietnam National Convention Centre, Garden Shopping Centre and the headquarters of many Vietnamese multinational corporations. The hotel is less than 40 minutes from Noi Bai International Airport.The hotel’s rooms include 34  suites, all offering views of the city skyline through floor-to-ceiling windows from the 62nd to the 70th floors. Club InterContinental guests can also enjoy exclusive access to the Club InterContinental Lounge on the hotel’s 71st floor, one of the largest in South East Asia. Club InterContinental guests can start the day with à la carte breakfast, enjoy all day refreshments, take an afternoon tea service as well retreat for evening canapés and drinks while soaking in the view of Hanoi from over 300 metres above the city.Commenting on the hotel opening, Leanne Harwood, Vice President, Operations, South East Asia and Korea, IHG, said: “Hanoi is truly a booming travel destination in the region, with double-digit year-on-year growth in international arrivals and attracting over four million visitors in 2016 alone. Opening our second InterContinental hotel in Hanoi puts us in even better position to offer top-notch luxury accommodation for travellers in the country.”“The launch marks an exciting time for IHG and for the InterContinental brand as we have made history by welcoming guests to the highest hotel in Vietnam. The InterContinental brand has been offering luxury travel for over 70 years, and we are looking forward to our guests experiencing the sophistication of the InterContinental life at the new InterContinental Hanoi Landmark72,” she said.MICE boostHarwood added that the capital’s MICE profile is boosted by the new hotel opening. The new hotel’s MICE offering comprises of meetings spaces, totalling 2861 square metres with eight function rooms ranging from 70 to 920 square metres. The hotel boasts one of Hanoi’s largest pillar-less ballroom that accommodates up to 1000 people, which is complemented by the largest ballroom foyer (1020 square metres) in Hanoi.Sky-high diningThe hotel’s enviable sky-high location has rocketed Hanoi’s restaurant and bar scene to new heights. Located on the 62nd floor are the hotel’s showpiece restaurants and bars including 3 Spoons, Hive Lounge, Q Bar and Stellar.John Kim General Manager, InterContinental Hanoi Landmark72, said: “The InterContinental Hanoi Landmark72 is one of the most impressive InterContinental hotels in the region. Our position at the Landmark72 lets us offer the finest facilities and amenities for both business and leisure travellers to truly experience the glamour of the InterContinental life and we are confident that the hotel will soon become one of the city’s icons of modern luxury travel.”Furthermore, InterContinental Hanoi Landmark72 guests will benefit from IHG’s latest connectivity offering, IHG Connect, which makes its regional debut in Vietnam. Recently launched in the US, IHG Connect delivers a faster and more reliable hotel Internet guest experience by combining increased bandwidth and cloud-based Wi-Fi technology. A key component of IHG Connect is the auto recognition feature for IHG’s loyalty members, where guests only need to sign in once to access hotel Wi-Fi at all IHG Connect-enabled hotels. They will automatically be connected for all future visits.last_img read more

Death Dealer painting outshines Superman comic at

first_imgDeath Dealer painting outshines Superman comic at auction by The Associated Press Posted May 10, 2018 2:02 pm PDT Last Updated May 10, 2018 at 5:00 pm PDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email CHICAGO – Superman may be the Man of Steel, but he’s no Death Dealer.Comic books featuring the debuts of Superman, the Joker and Catwoman fetched hundreds of thousands of dollars at a Chicago auction Thursday, but the star was undoubtedly a painting by science fiction and fantasy artist Frank Frazetta.Heritage Auctions says Frazetta’s “Death Dealer 6” painting sold for a whopping $1,792,500 — a record for one of his paintings and three times the $600,000 it was expected to get.A 1938 Action Comics #1 in which Superman debuted sold for $573,600 — not the $650,000 the auction house thought it might go for but still a nice payday for the collector who bought it for $50,000 15 years ago.A Batman comic book from 1940 in which both the Joker and Catwoman debuted sold for $227,050.center_img This undated photo provided by Heritage Auctions, HA.com, shows a vintage 1938 Action Comics #1 in which Superman made his debut. The comic sold at auction in Chicago on Thursday, May 10, 2018, for $573,600. (Emily Clements/Heritage Auctions, HA.com via AP) last_img read more

Desperate unions make lastditch effort to halt CY sale

first_imgBy Constantinos PsillidesTHE only way for Cyprus Airways (CY) to continue to operate is for the European Commission to approve the airline’s restructuring plan, its unions said on Wednesday after a meeting with Finance minister Harris Georgiades.The union leaders said that the minister told them he would increase his efforts to try and secure a restructuring plan that would create new prospects for the company, its employees and the country.SEK union’s Andreas Elia said that if the EC approves a rescue plan, state aid will no longer be a burden for any investor.PEO’s Antonis Neophytou said that they also discussed the frustration of the employees since the interest of the strategic investors seems to be restricted to taking over the government’s stake and the company’ s name and does not secure the continuation of the airline’s operations.The unions also want Attorney-general Costas Clerides to step in and put an end to the company’s sale, claiming that this is “rigged and illegal.”The government is currently in a process of selecting a strategic investor to take over the ailing carrier, having unofficially narrowed the interested parties to two companies: Ryanair and Aegean Air.Having completed a round of meetings with all parliamentary parties on Wednesday, the unions claim that the state – despite being the major shareholder with 93.67 per cent stake – has no right “to solely negotiate on behalf of the company. Only the board of directors has the authority to do so,” said the unions’ statement.The unions also claim that the state stands to lose millions if the deal to sell CY goes through. In a statement issued last week, the unions claimed that the state would lose a total of €302m, mainly in severance pay for laid off staff and taxes not collected by CY operations.Despite arguing a massive blow to the country’s economy if the national carrier closes down, data released by the Finance Ministry showed that CY’s market share for 2014 is only 10 per cent.You May LikeLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoGundry MD PrebioThrive Probiotic SupplementCardiologist: This Is What Happens When You Eat GlutenGundry MD PrebioThrive Probiotic SupplementUndo Pensioner dies after crash on Paphos-Polis roadUndoCruise passenger airlifted to Paphos hospitalUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img read more

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