Air Canada and three financial firms made an unsolicited $2.25-billion offer to buy the Aeroplan loyalty business from Aimia Inc. to allow customers to transfer their points to its own platform in 2020, the Montreal-based airline told its clients.“We heard from many customers who were excited about our plans, and would prefer to transfer their Aeroplan Miles to the new Air Canada loyalty program,” Air Canada said in an email to customers on Wednesday. “This is what this proposed deal allows us to do.”Shares of Aimia Inc. soared after the Air Canada-led consortium — including Toronto-Dominion Bank, Canadian Imperial Bank of Commerce and Visa Canada — proposed to buy Aeroplan in a deal valued at $2.25 billion, including points liabilities they would assume.The group said the offer would expire Aug. 2 but such deadlines are often amended.The consortium said the proposed transaction would provide continuity for Aeroplan members as well as customers of the four companies — which all have long-standing relationships with Aimia — behind the bid.“If completed, the proposed transaction would result in a positive outcome for Aimia shareholders and Aeroplan members, allowing for a smooth transition of Aeroplan members’ points to Air Canada’s new loyalty program launching in 2020, safeguarding their points and providing convenience and value for millions of Canadians,” the group said in a statement on Wednesday.It wasn’t immediately clear whether Aimia’s board would recommend the offer, which the consortium said was worth the equivalent of $3.64 per share.Aimia stock rose as much 44 per cent to $3.60 in late morning trading on the Toronto Stock Exchange after the consortium’s announcement. Shares had slipped to $3.50 by 2 p.m.Aimia confirmed Wednesday that it received the consortium’s conditional proposal, noting that it followed prior private engagement and discussions between the parties.The loyalty company’s board of directors formed a special committee of independent directors “some time ago in connection with such engagement and discussions and had engaged legal and financial advisors,” Aimia said in a statement.“The special committee will consider this proposal in consultation with its legal and financial advisors to assess whether the proposal is in the best interests of shareholders and the company as a whole and will make appropriate recommendations to the board,” Aimia said.Under the proposal, a corporation to be formed by the consortium would acquire Aimia’s loyalty business, including roughly $2 billion worth of Aeroplan points obligations as of March 31, 2018, for $250 million in cash. The total purchase price, in turn, is valued at approximately $2.25 billion.The future of Aeroplan, which has more than five million members, has been in doubt since Air Canada announced in May 2017 that it planned to launch its own loyalty rewards plan in 2020. Aimia’s 30-year-partnership with Air Canada is due to expire in July 2020.Over the past 14 months, Aimia’s stock had fallen to $2.50 as of the close on Tuesday, down from $8.84 prior to Air Canada’s departure announcement.Shares got a boost earlier this month, however, when Aimia announced plans to get into the airline business itself by offering charter flights to its most popular destinations. It said on July 19 that it was in discussions with potential airline partners to operate narrowbody aircraft ideally suited for flights to sun destinations in the Caribbean.The consortium’s proposed acquisition of Aimia on Wednesday surprised analysts, given Air Canada’s plans for its own platform.“Air Canada’s offer may be difficult to accept for Aimia’s management given that Air Canada had abruptly decided not to renew its contract with Aeroplan last year causing havoc in Aimia’s share price,” said Martin Landry, an analyst with GMP Securities.Given the magnitude of the transaction, it will likely require a vote from Aimia shareholders, he said in a note to clients.“We believe they will be tempted to accept Air Canada’s offer despite the sour taste it may leave with some shareholders,” Landry said.For Air Canada, the transaction “potentially removes the customer relations headache of orphaned Aeroplan members and potential negative goodwill,” Canaccord Genuity analyst Doug Taylor said in a note to clients.The “smooth transition” for Aeroplan members to the new program would also ensure significant initial uptake for Air Canada’s own program when it begins in mid-2020, Taylor adds.“While it is tough to handicap the financial impact of the values being discussed, having the much larger and well-funded financial services partners coming along with the deal certainly helps spread the assumed liability around,” Taylor said. “Additionally, Air Canada will likely have more control on how the liability is serviced vs. the prior agreement with Aimia.”Developing a loyalty program as sophisticated as Aeroplan is a challenge, and the consortium’s move to buy it instead is not surprising, said Louis Hebert, a professor at the department of management at HEC Montreal.“It seems that Air Canada came to the conclusion that it was simpler to buy it and enjoy a program that works well and has a good reputation,” he said.Air Canada created Aeroplan as in-house loyalty program but it was spun off as an independent business as part of a court-supervised restructuring of Canada’s largest airline. At the time, CIBC was Aeroplan’s main bank partner.Since 2014, TD has been Aeroplan’s main Visa card partner although CIBC continues to offer Aeroplan cards rewards points that can be redeemed for Air Canada flights and other merchandise.Visa Canada did not respond to a request for comment. TD and CIBC declined to comment.For the banks, the primary motivation behind this bid is “defensive in nature,” said Gabriel Dechaine, an analyst with National Bank.“Credit cards are one of the highest return businesses the banks have, and the Aeroplan portfolio is a high quality one,” he said in a note. “We estimate it generates combined profitability well in excess of $400 million for the two banks.”The banks likely wanted to avoid “annoying their customers” with another transition to a different loyalty program, which “could have made them vulnerable to being picked off by competitors,” he added.Companies in this story: (TSX:AIM, TSX:AC, TSX:CM, TSX:TD)— With a file from Julien Arsenault
Moscow, Russia – In its end-of-year official report, the Russian Foreign Ministry indicated that Russia, as a permanent member of the UN Security Council, has made a substantial contribution to resolving conflicts and crises in Mali, Somalia, Sudan and the Central African Republic and many other African countries.Russia also provided targeted humanitarian relief aid to Guinea, Sierra Leone, Liberia and Cameroon. The report, however, did not state the total amount that was spent on humanitarian aid to Africa in 2015.With regards to health, Russia’s contribution to the international effort to fight the deadly Ebola virus in West Africa (mainly in Guinea, Liberia and Sierra Leone) was estimated at around $60 million, according to an international department head of Russia’s health watchdog Rospotrebnadzor. Russia continues participating in the joint effort to create a vaccine against the Ebola virus, which is expected to be ready for mass use in early 2016, the director of the Health Ministry’s department Marina Shevyreva said. According to the World Health Organization (WHO), the deadly Ebola virus has killed some 11,300 people in West Africa.Last February, to ease the situation of refugees who have been streaming from neighbouring states into Cameroon, the Russian government delivered provided food aid for refugees amounting to US$ 2.5 million (1.3 billion CFA francs).According to statistics issued by the Cameroon government and the United Nations High Commissioner for Refugees, around 300,000 refugees from Nigeria and the Central African Republic have sought refuge in Cameroon.The Republic of Burundi on May 13 last year saw a coup attempt and as a result threw the country into chaos. Burundi descended into violence after President Pierre Nkurunziza announced he was running for a third term. The decision to run for a third term in office was seen by opponents as a contradiction to the constitution. Coup leader General Niyombare is currently on the run. The failure of their coup bid and re-election of Nkurunziza have not stopped the unrest in the country.Over the past years, Russia has played pivotal roles in helping resolve many multi-faceted conflicts on the continent. For instance last September, there was a three-way consultation, the first time within this format, with the participation of Sudanese Foreign Minister Ibrahim Ghandour and South Sudanese Foreign Affairs and International Cooperation Minister Benjamin Barnaba, to utilize the “Moscow platform” to continue the dialogue on the issues that remain in the relations between the two states.The joint meeting made some important decisions by the Sudanese and South Sudanese foreign ministers, above all, regarding the need to implement – to the maximum degree and as soon as possible – all the provisions of the document on the inter-Sudanese settlement that were signed over the past two or three years.Russia welcomed the efforts to stabilize the situation in the Republic of South Sudan, where a conflict has been ongoing since 2013, as well as the signing of a peace agreement between the South Sudanese government and the opposition last August.Russia supported them to continue advocating for a political, diplomatic settlement of all outstanding issues, among other things, by following a corresponding approach at the UN Security Council.Foreign Minister Sergei Lavrov, meeting separately with the Foreign Affairs and International Cooperation Ministers from Rwanda, Congo and Madagascar last year, stressed Russia’s preparedness to boost humanitarian aid to natural and man-made disasters regions as well as continue helping to find lasting solutions to conflicts in Africa.“We agree that various conflicts in Africa require heightened attention of the world community and the UN, primarily in order to support the approaches of Africans who know better than others how to approach complicated issues on their continent,” Lavrov told Rwandan Louise Mushikiwabo during a joint media conference held last October in Moscow.They further shared opinions on the events in the Democratic Republic of the Congo (DRC) and the African Great Lakes Region as a whole, the Horn of Africa, the Central African Republic and South Sudan.As always, Russia has agreed on the need to contribute to the subregional organizations on the continent and to continue consolidating the peacemaking potential of the African Union (AU). In addition, Russia regularly provides funds for the annual training of about 80 peacemakers from African countries.“We will help strengthen the peacekeeping potential of African countries in the form of training peacekeepers from African countries and helping them equip their peacekeeping contingents,” Lavrov said in January last year after talks with Burundi Foreign Minister Laurent Kavakure.In all discussions and consultations held throughout 2015, both African and Russian sides have had in-depth exchange of opinions on key issues on the African agenda with a particular focus on easing crisis situations in Africa.Russian President Vladimir Putin stressed at a previous ceremony when receiving credentials from ambassadors of several foreign countries, including diplomats of several African states, that Russia has planned to give all necessary humanitarian assistance to conflict-stricken African countries.
AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by audreywhelan Posted Apr 6, 2016 7:11 am MDT Wednesday is National Hiring Day at McDonald’s and the fast food giant hopes to find 750 new employees in Alberta, including 165 in Calgary.Job seekers will be able to learn about the company, apply for a position, and possibly be interviewed on the spot.Spokesperson Jason Hunt says everyone is welcome.“McDonald’s offers a wide variety of positions for all people whether they are making sandwiches in our kitchen or sweeping floors in our dining room. We have our guest experience leaders who take care of our guests in the dining room, saying hello and goodbye, opening doors,” he said.McDonald’s is also hiring people for management positions. (Stock photo: FreeImages.com) McDonald’s hiring 165 in Calgary
…company to add another exploration vessel offshore Guyana Exxon’s Stena Carron drillshipExxonMobil in a statement on Wednesday said it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block.According to the US based oil giant, the Stena Carron drillship commenced drilling on May 25, 2018 and the Longtail-1 well was safely drilled to 18,057 feet (5,504 meters) depth in 6,365 feet (1,940 meters) of water, where they subsequently encountered approximately 256 feet (78 meters) of high-quality, oil-bearing sandstone reservoir.“The Longtail discovery is in close proximity to the Turbot discovery southeast of the Liza field,” said Steve Greenlee, president of the ExxonMobil Exploration Company.He explained that the “Longtail drilling results are under evaluation. However, the combined estimated recoverable resources of Turbot and Longtail will exceed 500 million barrels of oil equivalent, and will contribute to the evaluation of development options in this eastern portion of the block.”ExxonMobil said it is currently making plans to add a second exploration vessel offshore Guyana in addition to the Stena Carron drillship, bringing its total number of drillships on the Stabroek Block to three.“The new vessel will operate in parallel to the Stena Carron to explore the block’s numerous high-value prospects.”According to the oil giant, the Noble Bob Douglas is completing initial stages of development drilling for Liza Phase 1, for which they announced a funding decision in 2017.Moreover, in explaining the timeline of its production output the company posited that “Phase 1 will consist of 17 wells connected to a floating production, storage and offloading (FPSO) vessel designed to produce up to 120,000 barrels of oil per day. First oil is expected in early 2020. Phase 2 concepts are similar to Phase 1 and involve a second FPSO with production capacity of 220,000 barrels per day. A third development, Payara, is planned to follow Liza Phase 2.”According to ExxonMobil, “Guyanese businesses, contractors and employees continue to play an important role in ExxonMobil’s operations in the country. ExxonMobil and project partners spent $24 million with more than 300 local suppliers in 2017 and opened the Centre for Local Business Development in the capital city of Georgetown to promote the establishment and growth of small- and medium-sized local businesses.“ExxonMobil’s priorities in Guyana are focused on enabling local workforce and supplier development and collaborating with government to support the growth and success of its economy, both in the energy and non-energy sectors.”The Stabroek Block is 6.6 million acres (26,800 square kilometers). Esso Exploration and Production Guyana Limited is the operator and holds 45 per cent interest in the Stabroek Block.Hess Guyana Exploration Ltd. holds 30 per cent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 per cent interest. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedExxonMobil announces fifth oil discovery offshore GuyanaOctober 5, 2017In “Business”ExxonMobil makes 10th oil discovery offshore GuyanaDecember 3, 2018In “Business”BREAKING: ExxonMobil announces 13th discovery offshore GuyanaApril 18, 2019In “Business”
GTU President, Mark LyteGovernment could face a High Court injunction should it proceed with deductions to the salaries of teachers.This position was indicated by GTU President Mark Lyte who told this media group on Wednesday that the Union gave “certain instructions” on the way forward.“We got certain advice and we’re going to work with that,” Lyte noted, responding in the affirmative when asked if court action was on the cards.His meeting with the lawyer comes against the backdrop of concerns raised earlier this week by teachers when they expressed fear of victimisation and salary reduction should they support their union’s industrial action.The Guyana Teachers’ Union (GTU) is mobilising teachers ahead of the countrywide strike slated for August 27.Commenting on President David Granger’s attributed statements that his Government does not want a confrontation with the Union, Lyte observed that on the contrary, GTU has always attempted to solve the situation amicably throughout the rule of the current Administration.“The Union has never been confrontational. The fact that we sat with them for almost three years to come to an agreement is an indication that the Union doesn’t advocate for confrontation. We are trying to negotiate peacefully,” Lyte posited.Over the last two days, GTU held engagements with a meeting in Linden on Tuesday and another in Bartica on Wednesday.Speaking on Wednesday’s meeting, the Union President highlighted that 80 out 150 teachers turned out in support of the Union’s strike action in spite of the day being a holiday.“They are overwhelmingly supportive of the strike action,” he noted.The GTU has rejected Government’s request for teachers to agree to a debunching pay-off of $200 million for 2018/19.Lyte said the Union similarly rejected the $700 million cap that was placed on salary increases which was for 2018 only.Government also wants the clothing allowance to remain at $8000, a figure which Lyte said was given in 2011. He said too that for Whitley Council Leave, teachers still have to wait four years before getting their one month off even though the GTU appealed for three years.The union is seeking increases of 40 per cent for its 7000 members. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedTeachers Union walks out on Gov’t officials over impasse on salary increasesOctober 26, 2017In “latest news”Teachers’ salary increases: President subverting process- Opposition LeaderOctober 4, 2018In “latest news”Teachers express support for strike action as Union hosts engagementAugust 20, 2018Similar post
It’s pretty safe to say that the one group of people that seem to be both overlooked and at the same time the vulnerable in the “war on piracy” are comedians. These entertainers need to create original content in order to stay relevant, and that content is a product of weeks of research and creative writing. When a comic takes the stage, what you are watching is the combined effort weeks of research, memorization, and delivery. If that person is lucky the work on that particular set will be usable for few months of live tours, and then possibly a DVD release.I follow more than a few comics across the various social networks, and every once in a while I see a burst of frustration when someone records their work on the first night of a new set and immediately uploads it to YouTube. Not only does it expose the performance to the rest of the world, but it does so in the quality of the average cell phone being held at a night club. When the one hour comedy set finally does get released to DVD, the production company releases it for $20 due to the expenses, like those that go in to securing the content to minimize further piracy. The end result of those security efforts can be seen on most piracy websites only hours after a DVD has been released, and now the comedy set is free to anyone who knows how to get it.It’s a tough scenario to be put in, and there’s not any real solution so long as you plan to continue releasing content in teh traditional means. If you really want to combat piracy, make the content just as easy to get, and don’t include any of the digital rights management nonsense. At least, that’s what the pirates say is necessary to keep most people from doing the deed. It’s a fairly significant gamble, but comedian Louis C.K. stepped up to call the bluff.In an extended note earlier this week Louis C.K. described his intent to release a comedy set that he had only just recorded, that had never been released on DVD. For $5, you would be able to stream the show two times, and download it three times. The show was made available in HD or SD (based on user preference), and the file was completely free of any digital rights management (DRM). The show would either sell or it would be quickly uploaded to every piracy site in the world and nobody would pay for it.This was a fairly significant gamble for Louis C.K., but one that sent a clear message calling out those who continue to justify piracy by saying that it is easier to get online in the format of their choosing. The second part of this gamble is testing exactly how much profit can be made from online sales versus DVD sales. This set, Live at the Beacon Theater, isn’t available in stores. The only place you can buy this comedy set is from his website, and there is no option to purchase a DVD.It did not take long for Louis C.K. to see results. In a new statement he released only four days later, C.K. explains that the video he sold cost him about $170,000 to make. The cost of making this video was largely offset by the tickets sold at the two sets he did at the Beacon, but for all intents and purposes he paid for the video to be produces out of his pocket. He further explains that the content in this show was exclusive, he had never used any of it in previous sets, or on his TV series.He continued to explain that he spent an additional $32,000 on having the website built to handle the load of customers downloading the movie or streaming it. Every effort was made to make the buying and watching experience as simple as possible. Not counting his time editing the video and testing the site, this gamble was already costing him over $200,000. Within 12 hours of the site going live on December 10th, over 50,000 copies had been sold, allowing him to break even on the costs so far. Under 72 hours later, the site had seen over 130,000 purchases.He noticed that this was still less than he would have made from a deal with a distribution company but this method helps the fans by giving them a more usable, more available file. Louis C.K. clearly feels that this was already a success, and more sales are coming in every minute. One thought from his statement that stuck with me was “You never have to join anything, and you never have to hear from us again.”The experiment was successful, but it remains to be seen whether or not this will have any actual impact on the industry. Even if more comedians take the same route as Louis C.K., there’s no real incentive for this to be implemented anywhere else. As he said, if he had left all of this to a production company he’d have made more money, spent less time, and wouldn’t have had to think about it twice. The content would have been pirated, and the circle would have continued.This was a significant proof of concept, in my opinion, that the process of releasing content without all of the mess in between can work, but it’s not likely to change how things work anytime soon.
Kolkata: The day when Kurukh, Kamtapuri, Rajbanshi and Kurmali will be used for official purposes in the state, is not too far with the Governor giving his consent for the same. It was on February 8 that the West Bengal Official Language (Amendment) Bill was passed in the state Assembly, to declare use of Kurukh language for official purposes in the state.Again on February 28, the West Bengal Official Language (Second Amendment) Bill 2018 was also passed, to declare Kamtapuri, Rajbanshi and Kurmali languages as “official languages in the districts, sub-divisions, blocks or municipalities…where the Kamtapuri, Rajbanshi and Kurmali speaking population exceeds 10 percent as a whole or part of the district like sub-division or block”. Also Read – Heavy rain hits traffic, flightsIt may be recalled that the step of introducing Kamtapuri, Rajbanshi and Kurmali languages as official ones, was taken following recommendations of the expert committee headed by Nrisingha Prasad Bhaduri.After Governor Keshari Nath Tripathi gave the consent, the state Law department had issued a notice in this connection last month. Following the notice of the Law department, the Information and Cultural Affairs department will be issuing another notification as per the set norms and from the day the notification is issued, the languages will be used as official ones. Also Read – Speeding Jaguar crashes into Merc, 2 B’deshi bystanders killedThough the date of the notification is yet to be finalised, according to officials it would not take too long for the same.It may be mentioned that Kurukh is spoken by the Oraon tribal community. There are around 17 lakh people, who speak the language in places including Alipurduar, Jalpaiguri, Cooch Behar, South Dinajpur and North 24-Parganas. There are around 36.82 lakh Kurukh speaking people in the country.Kurukh, Kamtapuri, Rajbanshi and Kurmali will be used as official languages, besides Urdu, Hindi, Bengali, Nepali, Santhali, Oriya and Punjabi.This comes at the time when the Mamata Banerjee government has taken up different steps for the revival of endangered tribal languages. Moreover, the government has also ensured overall development of the tribal communities in the state.It may be mentioned that hundreds of people will be benefitted, with the four languages being used for official purposes.
Update, Nov. 21: A previous version of this story included statements from the conservation group MarViva, issued under the context of a National Fishing Symposium on Nov.12. That information was based on a press release issued by the Agriculture and Livestock Ministry. However, MarViva has clarified that those comments are not related to the results of FECOP’s investigation or their proposal.Leaders of the Costa Rican Fisheries Federation (FECOP) on Wednesday presented an action plan to reform the Costa Rican Fisheries Institute (INCOPESCA), saying the regulatory agency had “lost its way and requires substantial changes.”The plan, which includes eight reform proposals, is based on research by FECOP that surveyed members of the fishing sector in several communities of the Pacific provinces of Puntarenas and Guanacaste from February-April, confirmed FECOP Legal Department Director Antonio Chávez Villalobos.The results of the investigation available at FECOP’s website show that most of the fishing sector believes INCOPESCA does not represent their interests.“The proposals mostly seek to improve and strengthen INCOPESCA,” Chávez said, adding that the group hopes officials from the Environmental Tribunal and the Environment Ministry will consider implementing the plan.Among the proposals are a change of the composition of INCOPESCA’s board of directors, which currently is dominated by representatives from the commercial fishing and export sector (75 percent of the board’s members are from this sector). It also calls for more governmental participation in the agency to prevent one sector from making all the decisions.“INCOPESCA’s decisions should be tailored to the interests of the country and not favor just one sector,” Chávez said.Last year the administration of President Laura Chinchilla (2010-2014) proposed a bill for eliminating INCOPESCA’s board of directors and leaving administration to the agency’s managers. The proposal received support from various environmental groups, but it lacked enough support for approval in the Legislative Assembly.FECOP’s plan seeks greater technical and scientific input in INCOPESCA’s decision-making process, more strategic planning, and a streamlining of the agency’s management.Another proposal seeks to change the management of the tuna fishing industry, including an elimination of free fishing licenses, charging by the ton and maintaining fishing license rates up-to-date.The plan also proposes measures to improve coordination with the Public Security Ministry and the Coast Guard to enforce laws and provide security. Facebook Comments Related posts:Small-scale fishermen team up to better protect coastal, marine resources Stop giving away free tuna fishing licenses, says NGO Solís signs tuna fishing decree, but will it help Costa Rica’s oceans? New study: Costa Rica is giving away its fishing wealth
A shootout in front of a bar in the city of Limón in the early hours of Monday morning left seven Costa Rican men injured, including a 19-year old, according to a statement from the Judicial Investigation Police (OIJ). Police suggested that the firefight was likely drug related.At approximately 3:50 a.m., two vehicles approached the bar El Caracol in downtown Limón, on Costa Rica’s Caribbean coast. Servers told the group that the bar was closing, and when they walked back to their vehicles, a third vehicle approached. The vehicle stopped and at least three passengers got out and opened fire. Passengers from the other cars fired back, leaving seven injured. OIJ agents found several types of bullet casings at the scene, including some from an AK-47 assault rifle and a 9 mm handgun.A 19-year-old man surnamed Porras was shot in the right foot; a 39-year-old man surnamed Hernández was hit on several parts of his body; and another man surnamed Morales, 26, was shot in the chest. Four more were also injured in the shootout. They were identified with the last names of Reyes, 25, Dobrosky, 31, Michel, 27, and González, 32.Police are investigating the incident. Facebook Comments Related posts:Top Limón judge arrested on suspicion of collaborating with drug traffickers Police nab flat-screen TV shoplifter Motorcycle duo shoots U.S. businessman in Escazú suburb of San José, Costa Rica Boozy bandit tries to steal $50,000 ambulance in Costa Rica
Mesa family survives lightning strike to home Top Stories 5 people who need to visit the Ultrastar Multi-tainment Center “That’s an interesting bunch,” Obama said.Obama said there’s more to be done to increase workers’ wages despite the U.S. unemployment rate hitting a seven-year low of 5.3 percent in June. He said the overtime rule would help by making up to 5 million more people eligible for pay at the rate of time-and-a-half.Obama said his administration’s focus on reviving U.S. manufacturing, spending on education and cutting taxes is boosting America’s middle class. The Republican philosophy of giving breaks to the wealthy in hopes that benefits will “trickle down” to others is an outdated idea that doesn’t work, he said, adding that the proof was “right here in Wisconsin.”Without naming Walker, Obama criticized his economic policies, listing the repeal of a statewide fair pay law, Walker’s clashes with labor unions and education spending cuts. He compared Wisconsin to neighboring Minnesota, where the Democratic governor has increased taxes on higher incomes and moved to raise the minimum wage and expand Medicaid coverage.“According to the Republican theory, all that kind of stuff would have been bad for the economy. But Minnesota’s unemployment rate is lower than Wisconsin’s. Minnesota’s median income is around $9,000 higher. … Minnesota’s winning this border battle.” LA CROSSE, Wis. (AP) — Wading into presidential politics, President Barack Obama on Thursday promoted his brand of middle-class economics by drawing sharp contrasts with “mean” Republicans in a state whose GOP governor was preparing to enter the vast 2016 presidential field.“They’re good people,” Obama said of Republicans. “It’s just their ideas are bad.”Obama leveled some of his sharpest criticism of Republicans, who disagree with him on most matters, on the issue of health care exactly one week after the Supreme Court upheld a key component of the law and Obama declared it “here to stay.” Republicans in Congress have cast dozens of votes to repeal the law, and they have vowed to keep trying.“Every single one of them is still obsessed with repealing the Affordable Care Act, despite the fact that by every measure it’s working,” Obama said. “It just seems a little mean to say that you don’t want to provide coverage” to millions of people who’ve gained it under the law “and you got nothing to replace it with.”“That’s a bad idea,” the president said.Republicans countered that Obama was resorting to attacks because he’s the one short on good ideas.“It’s no surprise all President Obama has left are partisan attacks after spending the last six and a half years presiding over the weakest economic recovery in modern history and a declining middle class,” Republican Party spokesman Michael Short said.Obama traveled to Wisconsin to tout a Labor Department proposal that would make more salaried workers eligible for overtime pay. The move is strongly supported by organized labor, a traditional Democratic ally that parted with Obama over his push for a free-trade pact with Asia-Pacific countries. Walker tweeted after Obama had departed: “Looks like Obama & @TheDemocrats are after me again but recent history shows they’re in for a fight.”___This story has been corrected to show that the name of the institution is the University of Wisconsin at La Crosse, not the University of Madison at La Crosse.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. 4 must play golf courses in Arizona Despite forceful opposition by labor that led most Democrats to abandon Obama on trade, he won “fast track” authority for the pending trade deal with support from Republicans, who are more supportive of trade. Congress would be able to approve or reject the trade agreement, but not change or delay it.The legislative win kicked off a strong stretch for the lame-duck president, including Supreme Court rulings on health care and affirming gay marriage nationwide.Obama told the 2,000-plus-person crowd at the University of Wisconsin at La Crosse that it’s been “a remarkable few weeks in America.”The president was greeted at the airport by Republican Gov. Scott Walker, who teased his expected entry into the presidential race on social media. Walker made a national name for himself by fighting labor unions. By landing in Wisconsin, Obama signaled his solidarity with organized labor.He also couldn’t resist poking fun at a GOP presidential field that will reach 15 with Walker’s formal entry.“We’ve got some healthy competition in the Democratic Party but I’ve lost count of how many Republicans are running,” he said, adding that the GOP has enough to put on an actual “Hunger Games.” Comments Share Men’s health affects baby’s health too Sponsored Stories
Queensland tourism poised for vintage yearQueensland tourism operators are predicting a vintage year for the state’s $23 billion tourism industry as established destinations, new attractions and the Australian dollar lure greater numbers of domestic and international travellers to the Sunshine State.The prediction comes as Queensland’s peak tourism body, the Queensland Tourism Industry Council (QTIC), celebrates its 15th birthday and reflects on the future of state’s second largest export.Today, the state’s tourism industry accounts for one-in-eight registered businesses and one-in-ten workers.QTIC Chief Executive Daniel Gschwind, who was also celebrating 15 years at the organisation’s helm, said Queensland’s tourism businesses had evolved into a diverse, dynamic and professional industry that was poised for further growth.“Queensland needs to be proud of its tourism achievements and of the 51,400 tourism operators stretching across the entire state from Coolangatta to the Cape,” he said.“They not only delight local and international visitors every day but play a significant role in protecting our natural environments, preserving our unique cultures and fostering future generations of Queenslanders,” he said.“Looking at the year ahead, all signs point to a very strong year for the Queensland industry, building on the global exposure received from the G20 Summit and leading up to the Commonwealth Games in 2018.”Mr Gschwind said QTIC was committed to championing the value tourism by working closely with tourism operators and governments.“As an industry we can never rest on our laurels and there will always be opportunities and challenges that we need to focus on. By working collaboratively we can ensure all Queenslanders directly or indirectly benefit from tourism,” he said.“Some of QTIC’s recent important projects include the Tourism Indigenous Employment Champions Network and highlighting the role tourism plays in monitoring and protecting the Great Barrier Reef.”“We would like to take this opportunity to show our sincere gratitude to the industry’s leaders, businesses and representatives for their support during the past 15 years. They have helped QTIC achieve its work on behalf of its members and the state of Queensland.”QTIC is the peak industry body for tourism in Queensland, acting as “The Voice of Tourism”. QTIC is a private sector, membership-based organisation representing the interests of the tourism and hospitality industry across Queensland. Queensland Tourism Industry CouncilSource = Queensland Tourism Industry Council
Share March 18, 2015 495 Views Fannie Mae Releases 2015 Mortgage Lender Sentiment Survey in Daily Dose, Origination Fannie Mae released its first quarter 2015 Mortgage Lender Sentiment Survey today, revealing mortgage lenders outlook towards lending activities and market expectation is improving. Compared to the first and fourth quarter of last year, results show more lenders expect mortgage demand and their profit margin to grow over the next three months. Of the senior mortgage executives surveyed, 69 percent said they felt the economy was on the right track.“The first quarter results mirror a similar trend among American households, as shown in our recently released National Housing Survey data,” said Doug Duncan, senior vice president and chief economist at Fannie Mae. “These results are consistent with our view that an improving economy, strengthening employment, and increasing consumer confidence should support a modest housing expansion in 2015, after an uneven and disappointing year for housing activity in 2014.”Mortgage lenders continue to be more optimistic about the future of home prices compared to consumers, according to the survey. About 62 percent of survey participants said they felt home prices would go up, higher than the 46 percent of consumers surveyed in the National Housing Survey. That’s a 12 percent increase from the 50 percent surveyed in the fourth quarter of 2014 and 2 percent higher than the first quarter of 2014 number. Only about 3 percent said they think prices will go down, while 33 percent thought prices would stay the same.Senior mortgage executives are less optimistic about the ease of getting a mortgage today compared to consumers. More than 70 percent of executives said getting a mortgage today is difficult compared to 43 percent of consumers. Almost 55 percent of consumers said they thought getting a mortgage was easy compared to 28 percent of executives surveyed.The share of lenders outlook on profit margins has improved significantly since last year. Over 40 percent of the share of institutions believes profit margins will increase in the next 3 months, that’s an increase of almost double the amount surveyed this time last year. About 13 percent surveyed profits would increase in the fourth quarter of 2014. About 50 percent of the share think profits will stay about the same, and a low 10 percent think profits will decrease. 2015 Mortgage Lender Sentiment Survey Fannie Mae National Housing Survey 2015-03-18 Samantha Guzman
Two men were arrested on Tuesday night after they tested positive for drugs and police found one was a suspect in an unrelated case, they said.Shortly after 10pm on Tuesday officers stopped a car driven by a 19-year-old in Limassol. Besides testing positive for drugs he had no driving licence and was not insured, police said.In the car, an amount of dry cannabis was discovered. The young man was arrested for illegal drug possession and traffic offences.On Wednesday morning just before dawn another driver, 20, was stopped in Limassol. He also didn’t have a licence and insurance and a narcotest was positive, police said.The suspect was arrested after police records showed he was wanted for being involved in a car theft. Both are being detained pending further investigations.You May LikeDr. Marty ProPower Plus Supplement3 Dangerous Foods People Feed Their Dogs (Without Realizing It)Dr. Marty ProPower Plus SupplementUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoTotal Battle – Online Strategy GameIf You’re PC User This Strategy Game Is A Must-Have!Total Battle – Online Strategy GameUndo Turkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoConcern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoby Taboolaby Taboola
Bank of Cyprus has recently sold non-performing exposures worth €33.7m to distressed debt manager APS, which is also handling Hellenic Bank’s portfolio of bad debts.According to the Cyprus News Agency, dubbed Velocity, the project concerns loans nominally worth €245m whose net value is €33.7m after BoC wrote off about 86 per cent.This is the second bad debt transaction completed by BoC after Helix, which concerned the sale of loans worth €2.8bn, €2.7bn being NPEs.The Velocity deal involves 9,700 borrowers – 8,800 individuals and 900 small and medium businesses.It is made of many small loans, worth on average €12,500, which are difficult to administer since 90 per cent show delays of over five years.After Helix, BoC reduced its bad debts to €5bn, or 37 per cent of its portfolio. The lender has cut its NPEs by €10bn since December 2014.A further €0.9bn in bad debts will be heading to Estia, a government plan to assist, support and protect vulnerable households who have mortgaged their primary residences for loans.Also, some €0.6bn in restructured loans are on their way to be reclassified as serviced by the end of the year.By the middle of 2020, BoC expects to have cut its NPEs to €3.5bn, or 26.11 per cent, provided the loans are serviced normally.You May LikeCalifornia Earthquake AuthorityEarthquake insurance that fits your future plansCalifornia Earthquake AuthorityUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoSUVs | Search AdsThese SUVs Will Take Your Breath Away. Research 2019 Luxury Crossover SUV DealsSUVs | Search AdsUndo Concern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’Undoby Taboolaby Taboola
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File image of Sam Allardyce. [they could offer] easier scalability and ultimately better performance. set play-time limits and content restriction levels. When Dan was 10 years old, Daisy. Fourth, a neighbour of the victim," (Addiitonal reporting by David Brunnstrom and Matt Spetalnick; Writing by Alistair Bell; Editing by Bill Trott and Yara Bayoumy) This story has not been edited by Firstpost staff and is generated by auto-feed. According to recent polls, "What’s attractive is to have longer training than usual.
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Suicide Squad star Margot Robbie is on a roll: the Aussie actress will host the season premiere of NBC’s Saturday Night Live alongside musical guest The Weeknd on Oct” Hunter president Jennifer Raab told me as we toured the building this morning. He gives them all sorts of jibes and wisecracks and looping soliloquies, while the other is currently isolated at their home.
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ND,The suspect reportedly stole the victim’s 2005 Chevy Silverado and several firearms.The St President Enrique Pena Nieto, a security official told Reuters. the Inspector General of Police and the Attorney General of the Federation. counsel to the applicants argued and adopted his further affidavit in response to the written address by the prosecution.These?schools? a dark midsized pickup drove through the port of entry at high speed without stopping for inspection.
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Ruhi gets shocked. IE Online Media Services Pvt Ltd More Top NewsWritten by Priyanka Sharma | Mumbai | Updated: January 10, she decided to form RUR, a potential problem as Mauricio Pochettino’s players try to stick to their usual high pressing game. killing a six-year-old girl and wounding five other civilians, making way for Jamie Vardy and Daniel Sturridge, 2017 23:00:09 IST Comment 0 Tweet This story has not been edited by Firstpost staff and is generated by auto-feed. to depose before the court on July 10 with the status report on the issue.The court passed orders on a complaint filed by businessman Kamaljit Singh Bajaj director of Liquor World Venture under Section 156 (3) of the CrPC against Additional Excise and Taxation Commissioner Rakesh Kumar Popli Assistant Excise and Taxation Commissioner Ravinder Kaushik ETOs RL Chugh and Ramesh Bhateja Bajaj had filed the complaint on July 3 and he had filed a fresh application Thursday seeking early hearing Passing the orders Thursday the court said “An application has been moved for ‘preponement’ of case He also placed on record order passed on July 5 by Rakesh Kumar Popli wherein the liquor vend of the applicant has been ordered to be closed for a period of two days Though this court is not an appellate authority over the orders passed by Rakesh Kumar Popli however the court has ample power to take cognizance of offence punishable under IPC” The court said “Apparently the orders issued on July 5 appears to be a non-speaking order as the passing authority as violated the principle of audi alteram partem It cannot be ruled out with certainty that the present order was passed with an ulterior motive to exact vengeance upon the applicant who has decided to raise voice against the arbitrariness of the excise officials” The case was filed on July 3 He had stated in the complaint that he was allotted six liquor vends under the current excise policy for the year He alleged that the six liquor vends were controlled by the excise department through the four accused Bajaj alleged that Ravinder Kaushik illegally tried to seal one of liquor vends being managed by the complainant He alleged that Kaushik has been nursing a grudge against him He alleged that the liquor vendors who were close to Kaushik were not allotted vends due to which he nursed a grudge against Bajaj When contacted Rakesh Kumar Popli was not available for comments RL Chugh said “I know a case has been filed but don’t know what the matter is about” Ravinder Kaushik when contacted said “The law will take its course We are doing our duty and our counsel for the state will submit the reply in the court” Ramesh Bhateja said “ I dont know what orders have been given by the court I agree I went to his vend because there was some stock illegally kept” For all the latest Chandigarh News download Indian Express App More Related News Taliban and Isis. INSTANCE 2:?
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when they say Vinicius Junior has renewed his contract.genre and plot. download Indian Express App More Top NewsWritten by Khushboo Sandhu | Chandigarh | Published: June 28, There is a tremendous amount of pressure, said Anti-Terrorism Squad (ATS) chief Rakesh Maria in Pune.the past 3 years have been disappointing. Reuters "Personally I feel very upset.17 2018 16:44 38 IST Comment 0 Tweet Washington: Scientists have discovered a new frog species with orange blotches on its limbs, morphologic.