K.J. Alphons visits Swiss couple

first_imgTourism Minister K. J. Alphons on Saturday visited the Swiss couple who were injured after being assaulted by local youth in Fatehpur Sikri. The tourists, Quentin Jeremy Clerc and Marie Droz, are admitted in Apollo Hospital, New Delhi. While Mr. Clerc received a fracture to his skull, Ms. Droz, his partner, fractured her hand in the attack near a railway track in Fatehpur Sikri on Sunday.Mr. Alphons spoke to the hospital’s management and doctors regarding the treatment of the couple. “Both patients are recovering fast and are very happy about the treatment that they are getting at the hospital,” a statement from Mr. Alphons’ office said.The assault on the Swiss couple has raised fresh questions on safety for tourists in Uttar Pradesh. In terms of crimes recorded against foreign tourists, the State is not the worst in the country, though the National Crime Records Bureau (NCRB) data shows that U.P. has consistently featured among the States with the most number of crimes against foreign tourists.The Central Foreigners Bureau, Bureau of Immigration, Ministry of Home Affairs, began collecting data on crimes committed against foreigners, including tourists, in 2014. In 2014 and 2015, years for which the data is available, Delhi recorded the highest number of incidents of crimes against foreign tourists — 41.7% (113 out of 271 cases) and 35.2% (135 out of 384 cases), respectively. U.P. stood third on both occasions, recording 32 cases in 2015 (11.8%) and 64 cases in 2014 (16.7 %). Theft and assault on foreign women tourists, with intent to outrage her modesty, have been the most common crimes committed against foreign tourists.last_img read more

Christmas celebrated with traditional fervour in Delhi

first_imgNew Delhi, Dec 25 (PTI) Christmas was celebrated with traditional fervour in the national capital as thousands thronged churches for special prayers and decked up cathedrals.The city tuned to a celebratory note with the yuletide spirit with people sporting santa caps dotting its busy market areas.As bells tolled, people thronged churches — including the Cathedral Church of The Redemption and Sacred Heart Cathedral — decorated with twinkling lights for the midnight service to celebrate the birth of Jesus Christ.Delhi Chief Minister Arvind Kejriwal wished people on Twitter.He celebrated the festival with the people by attending several Christmas programmes in the capital.At one of the events, Kejriwal called for religious harmony so that there is no place for “hatred” in the society.Speaking at the Sacred Heart Cathedral, Kejriwal said, “Today is a day to take lesson from the life of Jesus Christ, the way he worked for the people of the society — the poor, the ailing and the needy ones, we should learn from his life and spread happiness & harmony in the society.”He also said, “I think there should be love & harmony between all religions in the society and there should be no place for hatred.”In his message, Kejriwal stated that India is a unique bouquet comprising of various religions and faiths and it is the duty of all of us to preserve this bouquet.Speaking at another Christmas celebration at Punjabi Bagh, the chief minister expressed happiness over celebrating the festival with the people and thanked the organisers Sarvodaya Adivasi Jan Kalyan Sanstha.advertisementThe neighbourhoods of churches reverberated with traditional Christmas carols rendering the air festive, with gospel bands enthralling the merry-makers with songs like Jingle Bells, Oh Holy Night and Santa Claus Is Coming to Town. PTI BUN KJlast_img read more

London Schools reforms after scandal and revitalises cricketing mission

first_imgShare on WhatsApp Soporific Ashes series may have been attritional but it still sells with ease … we have a small favour to ask. More people, like you, are reading and supporting the Guardian’s independent, investigative journalism than ever before. And unlike many news organisations, we made the choice to keep our reporting open for all, regardless of where they live or what they can afford to pay.The Guardian will engage with the most critical issues of our time – from the escalating climate catastrophe to widespread inequality to the influence of big tech on our lives. At a time when factual information is a necessity, we believe that each of us, around the world, deserves access to accurate reporting with integrity at its heart.Our editorial independence means we set our own agenda and voice our own opinions. Guardian journalism is free from commercial and political bias and not influenced by billionaire owners or shareholders. This means we can give a voice to those less heard, explore where others turn away, and rigorously challenge those in power.We hope you will consider supporting us today. We need your support to keep delivering quality journalism that’s open and independent. Every reader contribution, however big or small, is so valuable. Support The Guardian from as little as $1 – and it only takes a minute. Thank you. The ECB has been very thorough, quite rightly, in demanding complete change, both in personnel and procedure.Mike Selvey, the new London Schools president Cricket Share on Twitter Share via Email Share on Messenger Topics Another tranche of ground conceded: the tragic end of Lewisham cricket Which is a good thing too because for a while last year the LSCA looked on the verge of winking out of existence altogether. It has been a deeply troubled 14 months, beginning with the news that a previous LSCA committee had employed Wasim Aslam – formerly known as Wasim Majid and a convicted child sex offender – as fixtures secretary.The Guardian subsequently reported this had taken place with the written approval of the ECB’s then-welfare officers, on the condition the individual concerned had no contact with children. This never made much sense given the LSCA is concerned solely with children’s cricket. In the event the individual concerned ended up attending LSCA festivals as an organiser, an appalling misjudgment. The backlash was entirely deserved.So London Schools entered a netherworld. Various counties turned their backs. The ECB eventually withdrew its endorsement, advising counties not to engage with the LSCA at all. At which point that was pretty much that. To all intents and purposes the alma mater of Cook, Gooch, Compton, Hurst, Moore and Godleman was frozen in carbonite, defunct, a pariah organisation.Fast forward six months and the picture has changed. A group of concerned individuals, some former LSCA players, most with children who play in the system, have intervened. At the end of a lengthy and at times difficult process every position of authority in the organisation has been scoured out.So enter the new guard. Selvey has agreed to stand as the new president. Paul Weekes, also former LSCA and Middlesex, will act as an ambassador for the coaching department. The author of this article is on the new LSCA committee as communications officer.The ECB has been stern but supportive. The chairman, Tom Harrison, has followed the process at arm’s length. Towards Christmas the dam finally broke with a new instruction that the ECB would now support full engagement with LSCA under the new regime.“I am very pleased to report that LSCA have undertaken wholesale reform of their management and government functions,” Harrison, wrote in an email to the counties. “I am now writing to you to rescind the previous concerns and I hope that you will now be able to resurrect your previous positive relationships with LSCA.” Read more Reuse this contentcenter_img Support The Guardian features Share on Pinterest For 92 years the London Schools Cricket Association has been a grand, slightly rickety sporting charity, its mission to promote cricket in the London area and bring the game to those outside an increasingly narrow county system.Unlike quite a few good ideas, this one actually works. Two of England’s last three all-format captains, Alastair Cook and Eoin Morgan, played for London Schools. Denis Compton played for London Schools. As did Bobby Moore and Geoff Hurst, although only Hurst ever made it into county cricket, the hammer of West Germany famously scoring 0 and 0 not out in his only match for Essex. Since you’re here… Share on Facebook Barney Ronay For London Schools, and for the hundreds of kids who get exposure to high-level cricket through the system, it is both a huge relief and, in effect, a moment of resurrection. In the words of Selvey: “The ECB has been very thorough, quite rightly, in demanding complete change, both in personnel and procedure. As aformer London Schools player I am delighted to come in to the new organisation and see this in action. London Schools is all about giving city kids access to a high standard of cricket. With the ECB’s help we can now get back to focusing on just that.”This is of course a timely topic generally. The latest TV rights deal has shored up the money sloshing around the elite but the ECB is right to be concerned about shrinking participation, a narrowing demographic and the dying away of the game in schools. Twenty-five years ago England fielded a World Cup final team with two players, Chris Lewis and Phil DeFreitas, from the same London comprehensive. This could not happen now. It is not a London issue: the sport is invisible in many urban areas.London Schools and organisations like it everywhere have a role to play in fighting against this drift. If the LSCA owes a debt of gratitude to the ECB for its survival, just carrying out its normal duties should repay this several times over. Read more Share on LinkedIn The list goes on. One of English cricket’s great friendships, the John Emburey‑Graham Gooch axis of the 1980s, a kind of white-flannel Charles and Sebastian of its time, was forged on a London Schools tour of Zambia and Kenya. Mike Selvey, once of Middlesex, England and these pages, got his first real step-up on an LSCA tour of India, where he opened the bowling to a teenaged Sunil Gavaskar.To this day hundreds of London kids train all winter and spend summers playing against minor and major counties, in the process bringing what was once the national summer sport into places from which it has now retreated. The England and Wales Cricket Board has just spent a great deal of money on Lord Patel’s consultation into “engaging with the south Asian community”. London Schools continues to do this as a matter of course. This is a place where cricket is vibrantly alive.last_img read more

MPC Container Ships Eyes Funds for More Boxships

first_imgzoom Oslo-based containership owner MPC Container Ships is looking to raise up to USD 200 million through a private placement as it plans further investments in container vessels.The company, which is in the final stages of acquiring a significant number of feeder container ships, said that it has retained DNB Markets, part of DNB Bank ASA, and Fearnley Securities AS to assist with the placement of new shares with gross proceeds of USD 150-200 million.Apart from future investments in container vessels, the net proceeds would be used for general corporate purposes, MPC Container Ships said.The private placement will be directed towards Norwegian and international investors, in each case subject to and in compliance with applicable exemptions from relevant prospectus or registration requirements.The company has been informed by the Managers that the contemplated minimum amount is covered within a price range of NOK 47-49. The subscription price will be determined based on an accelerated book building process.The application period for the private placement will commence on November 22 and close on November 23. Completion of the placement is subject to approval by the Board of Directors, the allocation of the offer shares following the end of the application period and approval by an extraordinary general meeting.Since its establishment in April 2017, the company has been on a shopping spree aimed at second hand vessels. With the addition of the latest vessel in early November, MPC Container Ships’ fleet included 26 vessels.last_img read more

Traffic Advisory HRM Highway 102

first_imgHALIFAX REGIONAL MUNICIPALITY: Highway 102, Larry Uteck Interchange There will be alternating closures of inbound and outbound lanes of Highway 102 (Bicentennial Highway) at the Larry Uteck interchange on Sunday, July 11 to allow for the installation of overhead signs. The inbound lanes are scheduled to close for 20 minutes at 5:30 a.m., while the outbound lanes will close at for 20 minutes at 7:30 a.m. Drivers should expect delays or use an alternate route. Local Area Office: 902-424-5591 -30-last_img read more

Services sector FDI up 37 to 915 billion in FY19

first_imgNew Delhi: Foreign direct investment in services sector grew 36.5 per cent to $9.15 billion in 2018-19, according to the Department for Promotion of Industry and Internal Trade (DPIIT). The sector attracted FDI worth $6.7 billion in 2017-18. Services sector includes finance, banking, insurance, outsourcing, R&D, courier, tech testing and analysis. The government has taken several measures like fixing timeliness for approvals and streamlining procedures to improve ease of doing business in the country and attract foreign investments. Also Read – SC declines Oil Min request to stay sharing of documentsIncreasing FDI inflows in services sector is vital as it contributes over 60 per cent to the gross domestic product. The sector accounts for about 18 per cent of the total FDI India received between April 2000 and March 2019. Other sectors that recorded healthy growth in FDI inflows include computer software and hardware, trading, automobile industry, and chemicals. The overall FDI inflows declined for the first time in the last six years in 2018-19, falling 1 per cent to $44.37 billion as foreign investments fell significantly in telecommunication and pharmaceutical sectors, official data showed. Foreign investments are crucial for India as the country needs around $1 trillion for overhauling its infrastructure sector such as ports, airports and highways to boost growth. A strong inflow of foreign investments helps improve the country’s balance of payments situation and strengthens the value of rupee against global currencies, especially the US dollar.last_img read more

Weekly Summary Corporate dividends name changes new listings

first_imgNEW YORK — Changes announced in corporate dividends Nov. 26-Nov. 30.INCREASED DIVIDENDSCB Financial Services .23 from .22C&F Financial .37 from .36Capital Southwest .36 from .34La-Z-Boy Inc .13 from .12Four Corners Property Tr .2875 from .275OFG Bancorp .07 from .06McCormick & Co .57 from .52Meridian Bancorp .07 from .05Nucor Corp .40 from .38Quest Diagnostics Inc .53 from .50RGC Resources .165 from .155Saratoga Investment .53 from .52Walt Disney Co .88 from .84York Water .1733 from .1666SPECIAL DIVIDENDSAssd Banc Dep pfd DDiamond Hill Investment 8.00First BanCorp Puerto Rico .03First Northwest Bancorp .03Fulton Financial .04GrafTech International .70Haverty Furniture Cl A .95Haverty Furniture 1.00Investors Title 10.60National Beverage 2.90Saga Communications Cl A .25TPG Specialty Lending .05United Bancorp .05STOCK DIVIDENDSCass Info Systems 20pcLandmark Bancorp 5pcg- Canadian fundsOTHER CORPORATE NEWS AND LISTINGS:STOCK SPLITS THIS WEEKItau Unibanco Holdings SA 3 for 2 splitTonix Pharmaceuticals Hldgs 1 for 10 reverse splitACQUISITIONS AND MERGERSMINIMUM VALUE $300 MILLIONAetna Inc – CVS Health Corp (70B)AmTrust Financial Services Inc – Evergreen Parent LP (3B)Rockwell Collins Inc – United Technologies (30B)NEW STOCK LISTINGSNYSEBraemar Hotels & Resorts Inc pfd DNASDAQ GLOBAL AND GLOBAL SELECT MARKETSEnstar Group Ltd ADS 7pc pfd ESTOCKS REMOVED FROM TRADINGNYSEJones Energy IncNASDAQ GLOBAL AND GLOBAL SELECT MARKETSAnchor BancorpCorium International IncTeradyne Inc (from NYSE)CORPORATE NAME CHANGESI-AM Capital Acquisition Co to Smaaash Entertainment (and warrants)The Associated Presslast_img read more

At UN publishing open house participants hail greater efficiency in printing

18 April 2007Scores of diplomats, United Nations officials, staff members and other guests today viewed the world body’s printing facilities up close at an open house which showcased new technology being used to boost output while cutting costs. “The new four-color press is the latest example of how our Department is taking the lead in optimizing efficiency through excellence in human resources and technological innovation,” said Yohannes Mengesha, Assistant Secretary-General in the Department for General Assembly and Conference Management (DGACM).He made his comments as guests toured the basement facility where thousands of UN documents, books and other materials are printed each year, often with a very tight deadline and in the six official languages.The four-color offset press, which has been running since late last year, has already produced numerous periodicals, such as the UN Police Magazine, in less than half the time it would have taken using the two-colour offset press it replaced.Yuval Elbaz, an expert in pre-press, explained that with the older model, it took more time because the paper had to be repositioned to run through the press. The new system is much more cost-effective – “and fast,” he said, adding that there was also far less waste of paper.“The four-color press gives us the capability to work efficiently and to produce high-quality, commercial-grade offset printing,” said Officer-in-Charge William Hamill. The innovative approach being employed by the Publishing Section comes as part of a broader effort to improve management being led by a special unit of the UN’s Office for Internal Oversight Services (OIOS) set up for this purpose.“It has been a collaborative effort, and they are doing a great job,” said Paulette Woolf, OIOS Deputy Director of the Internal Management Consulting Services, of her counterparts in DGACM. “The more the message gets out, the more clients will use the in-house printing services” because of their efficiency, she added.John Donnolly, a management consultant with OIOS who led the project, said the publishing team was “really motivated” to streamline their work.Officials from the UN’s Advisory Committee on Administrative and Budgetary Questions (ACABQ) – a powerful budget watchdog panel – hailed the event as an opportunity to witness resources in action.“We always see how much it costs [for the UN to print its products] but we never see what is going on here,” said ACABQ Member Collen V. Kelapile, who is more accustomed to reviewing budgets on paper than visiting the services they finance. “With this view,” he added as he walked through the large-scale basement printing operation, “we see that there is a great deal of work being accomplished.”His colleague on the ACABQ, Susan McLurg, Minister Counsellor of the United States Mission to the UN, echoed this view. “It is interesting to see what the UN is capable of producing in-house,” she said. “It is very impressive.”Located three levels down at the UN Headquarters in New York, the world body’s printing and distribution specialists work 24 hours each day to ensure that documents, publications and other materials reach all UN clients as quickly as possible. Officials predict that the four-color press will pay for itself within a year. read more

Top UN envoy meets with senior Iraqi religious officials in Najaf

While in Najaf yesterday, the Secretary-General’s Special Representative Staffan de Mistura – who also heads the UN Assistance Mission in Iraq (UNAMI) – also visited the Shrine of Imam Ali. In a two-hour meeting, the Special Representative informed Grand Ayatollah Sayyed Ali Sistani of UNAMI’s scaled-up political and humanitarian activities. In response to Mr. de Mistura’s request for advice on what the UN can do to help the war-torn nation tackle its challenges, Grand Ayatollah Sistani underscored “the importance of Iraqi national reconciliation, the usefulness of increased UN presence and assistance, as well as more frequent contacts with the Marja-iya, and above all the need for the Iraqi people to be able to participate in fair, free and inclusive elections,” according to a press release issued by the Mission. Additionally, the Grand Ayatollah emphasized the need for fairness and transparency in all election-related activities. During his talks with Grand Ayatollah Sayyed Mohammed Said Al-Hakim, the Special Representative voiced the UN’s appreciation for last February’s decision by Shiite leader Sayyed Muqtada al-Sadr to continue the suspension of Jaysh Al Mehdi’s activities, also known as the Mahdi Army, which is key to promoting stability. Mr. de Mistura also held meetings in Najaf with Grand Ayatollah Sheik Mohammad Al-Yacoubi, Sayyed Hazim Al-Araji of the office of Al-Shahid Al-Sadr, the Governor of Al Najaf, Asa’ad Abu Kalal and others. At the end of his visit to Najaf – which was coordinated with Iraqi authorities – the Special Representative expressed the UN’s commitment for “increased engagement” in both the city and governorate of Najaf as well as all of Iraq. 12 March 2008The senior United Nations envoy to Iraq has met with Grand Ayatollah Sayyed Ali Sistani and other senior religious officials in the holy city of Najaf, south of the capital Baghdad. read more

Canada Bond yields and prime rates for Friday Sept 22

Canada Bond yields for Friday as of 4 p.m. (previous day in brackets):One-month: 0.865Three-month: 1.00Six-month: 1.165One-year: 1.45% (1.445)Two-year: 1.602Five-year: 1.81310-year: 2.11330-year: 2.455Interest rates:Prime rate: 3.20%Overnight lending rate: 1.00%

Housing starts dip in Calgary

Housing starts in Calgary continue to decline this year.According to the Canada Mortgage and Housing Corporation, total starts in July sat at 770 units, down 43 per cent from the same month last year.The single detached sector suffered the most; down 54-per cent.Year to date, home starts for the city are down nearly one-third at about 7,400 units. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Housing starts dip in Calgary by Mike Tarasko Posted Sep 9, 2015 7:55 am MDT read more

Tembec takeover could be in jeopardy after two largest shareholders oppose deal

by Ross Marowits, The Canadian Press Posted Jul 18, 2017 9:53 am MDT Last Updated Jul 18, 2017 at 1:20 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email MONTREAL – The takeover of forestry company Tembec could be in jeopardy after the company’s second-largest shareholder said Tuesday it will vote against the US$807-million friendly offer by Rayonier Advanced Materials.Restructuring Capital Associates (RCA), which owns 17.1 per cent of Tembec’s stock, said it will join Oaktree Capital Management in opposing the transaction at a vote July 27.Together, the company’s two largest shareholders control 37 per cent of Tembec (TSX:TMB) shares.The takeover requires support by a two-thirds majority vote of shareholders.RCA said it supports the proposed merger with Rayonier Advanced Materials. But it added that the Florida company must respond more appropriately to several complaints from Oaktree including that shareholders aren’t receiving a fair price and that Rayonier Advanced Materials can sweeten the offer. Rayonier Advanced Materials dismissed such concerns Monday as “misleading.”“The strategic merit of this unique combination can improve profitability exponentially and Oaktree makes a compelling case that Rayonier can and should improve its offer,” RCA founder James Bennett said in a statement Tuesday.A spokeswoman for Rayonier Advanced Materials (NYSE:RYAN) and Tembec said the companies wouldn’t comment on any particular shareholder’s voting intentions before next week’s vote.On Monday, it said it stood by its offer of $4.05 in cash or 0.2302 of a share in Rayonier Advanced Materials, subject to a cap on the total amount of cash and shares that will be issued.The friendly offer is 37 per cent above where Tembec’s shares traded before the proposal, but it is less than the $4.25 the shares traded for in afternoon trading on the Toronto Stock Exchange. Tembec takeover could be in jeopardy after two largest shareholders oppose deal read more

Space community underlines need for stronger cooperation as UN conference in Dubai

UN Office for Outer Space Affairs Director Simonetta Di Pippo reflects on the High Level Forum on Space as a Driver for Socio-Economic Sustainable Development, saying that the event was held at the right moment for the international community. She also highlights that space activities improve day to day life.The Dubai Declaration emphasized that strengthening socio-economic development will require an integrated approach among the space industry and other sectors such as environment and climate change, health, water and information and communication technology (ICT).The document also underlined the need to increase the number of women in the space industry and to strengthen young people’s involvement in Science, Technology, Engineering and Math (STEM).The High Level Forum brought together heads of space agencies, astronauts, academics, government officials, and representatives from the private sector and non-governmental organizations.It is the first of three such events leading up to the 50th anniversary of the first UN Conference on the Exploration and Peaceful Uses of Outer Space.The conference, known as UNISPACE I, was held in August 1968, and raised global awareness about the potential benefits of outer space for humanity. UNISPACE+50 will be commemorated in June 2018. More than 100 participants attended the first High Level Forum on Space as a Driver for Socio-economic Sustainable Development, organized by the UN Office for Outer Space Affairs (UNOOSA) together with the Government of the United Arab Emirates.The Forum centred on aspects of space exploration in the areas of economy, society, accessibility and diplomacy, leading to the adoption of an outcome document known as the Dubai Declaration.Speaking at the closing ceremony, UNOOSA Director Simonetta Di Pippo said delegations had produced recommendations to address key developments that have an impact on outer space activities such as new technologies and new business models.“This Declaration and what we have learned at this Forum have provided us with an understanding of how we should move forward in utilizing space for development, on the need to get open access to space for an increasing number of countries, and in assisting States to attain the Sustainable Development Goals (SDGs),” she said. read more

Motorcyclist killed in ECD accident identified as Bare Root teen

The motorcyclist who died after he collided with a motor lorry at Mon Repos, East Coast Demerara (ECD) on Friday has been identified as 18-year-old, Glenroy McKenzie of 1322 Bare Root, ECD.The victim was identified on Sunday by his mother and brother who reside at Ann’s Grove, ECD.McKenzie was said to be riding along the Mon Repos Public Road on motorcycle GG 3711 just after midnight when he collided with motor lorry bearing registration number GRR 6081 which was proceeding in the opposition direction.As a result of the collision, McKenzie head came into contact with the lorry’s rear right wheel.He was however, picked up and rushed to the Georgetown Public Hospital Corporation (GPHC) where he was pronounced dead on arrival.No alcohol was found in the breath of the lorry’s driver who is a resident of Beterverwagting, ECD however, he was detained as police conduct their investigations. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedUnidentified motorcyclist killed in early morning accidentNovember 9, 2018In “latest news”Mon Repos man killed in Essequibo accidentJune 20, 2018In “Crime”Porter killed in Kara Kara accident identified as Plaisance residentMarch 10, 2019In “Crime” read more

Reading Cooperative Bank Hires Elizabeth Trifone As New Vice President Commercial Loan Officer

first_img(NOTE: Reading Cooperative Bank has two locations in Wilmington — 230 Lowell Street and 352 Middlesex Avenue.)READING, MA — Reading Cooperative Bank (RCB) is pleased to introduce Elizabeth “Liz” Trifone as the latest addition to the Commercial Lending team. Liz comes to RCB after spending two years at MountainOne Bank in Danvers, where she served as Vice President. Over those two years, Liz helped to develop a network of customers on the North Shore of Boston. During that time, she approved over $57 million in new loans and closed over $42 million. Before her time at MountainOne Bank, Liz worked as a Director of SBA Lending and President at New England Certified Developed Corporation in Wakefield, where she was responsible for the management of a lending entity with a $400,000 million plus portfolio in six New England States.As Vice President at RCB, Liz will be responsible for originating, evaluating and recommending commercial loans, including C & I loans, construction loans, and commercial real estate loans. Liz graduated Cum Laude from Northeastern University in 1985, where she earned a BS in Business Administration with a concentration in Accounting. She also completed an SBA credit underwriting program during that time.“Liz’s experience and success are inimitable,” remarked Greg Ryan, Chief Lending Officer. Ryan continued, “She brings with her a most impressive track record. Her presence will do much to elevate our lending department.”For more information, please contact Liz Trifone at ltrifone@readingcoop.com or 781-670-1553.About Reading Cooperative BankReading Cooperative Bank is a depositor owned co-operative founded in 1886. This community-centric North Shore financial service provider has branches in Reading, Wilmington, North Reading, Andover, and Burlington. They also operate teaching branches at Northeast Metro Tech in Wakefield (open to the public) and at Reading Memorial High School (students and staff only), as well as an online branch at http://www.readingcoop.com.(NOTE: The above press release is from Reading Cooperative Bank.)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? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedBUSINESS BRIEF: Reading Cooperative Bank Is A Founding Member Of Alloy LabsIn “Business”Reading Cooperative Bank Welcomes 4 New Staff MembersIn “Business”BUSINESS BRIEF: Reading Cooperative Bank Announces Three Personnel MovesIn “Business”last_img read more

Congress votes going in BJPs account Foul play suspected in Keralas Thiruvananthapuram

first_imgElection staff prepare Voter Verifiable Paper Audit Trail (VVPAT) machines and Electronic Voting Machines (EVM) ahead of India’s general election at a warehouse in Ahmedabad, March 6, 2019.Reuters file [Representational Image]As Kerala entered the polling session on Tuesday, April 23, for the third phase of the Lok Sabha 2019 elections, several Electronic Voting Machine (EVM) malfunctions and glitches have been reported across the state.Polling was delayed at several booths due to the EVM malfunctions and it is reported that voting was stopped at a polling station in Chowara booth of Thiruvananthapuram constituency after the voters complained of a malfunction in the system.According to the voters, when they had cast their vote for the Congress, instead of the Congress hand symbol Bharatiya Janata Party’s lotus symbol was lit up. This malfunction comes from the state capital where the Congress candidate Shashi Tharoor has locked horns with former Mizoram governor and BJP candidate Kummanam Rajashekharan and Communist Party of India (CPI) candidate C Divakaran.Many of the voters have alleged that it is the saffron party’s play to ensure a win in the capital city as it has always been a tough spot for them and has asked for a re-voting considering a foul play. However, the malfunctions were reported in the Chowara polling booth after 76 voters had cast their votes and the Election Commission has ordered to replace the EVM with a new one.Similar incidents were reported from several constituencies across the state due to EVM issues. The polling was delayed at 20 booths in Kasaragod, 3 in Idukki, 2 in Ernakulam among other constituencies including Kollam and Kannur.Kerala chief minister Pinarayi Vijayan has also slammed the EC for the widespread EVM issues reported from the state. He said that there were EVM malfunctions at his own home booth in Kannur and that the EC had not taken adequate measures for the proper working of the EVM machines.last_img read more

This Enormous Kirby Plush Can Be Your Big Fluffy Friend

first_img What’s cuter than a big, huggable Kirby doll? The answer to that is, well, basically nothing. That’s why this enormous and slightly impractical Kirby doll is such an awesome creation. On one hand, it’s too cute for words. On the other, what would you ever do with it? It’s ripe for lots of big, strong hugs, and you can roll it around your house. It’s also soft and fluffy, and it’s available via Premium Bandai now.The 24-inch in diameter Kirby plush is supposedly three times the character’s real size, and it comes with a lot of love to spread around. The huge doll, which is carrying a Mega Tomato, also weighs 12.1 pounds. In case you need something to carry around your house and replace your pet, this Kirby can fill the role for you. It’ll set you back $142 if you want to take the plunge.If plush toys aren’t your thing, there’s also a set of special Kirby-branded mango cakes, with delicious sweet bean paste filling in two different, festive Kirby designs. You can buy them via Premium Bandai as well, and they look positively scrumptious. You can enjoy them while hanging out with your Kirby plush, which sounds like a pretty full afternoon.There’s a lot of fun Kirby goodness coming up, mainly in the shape of the upcoming Nintendo Switch title Kirby Star Allies, which is releasing March 16. In the game, you’ll journey throughout various worlds as the pink puffball and implement new and old abilities from throughout the Kirby series as you take on various enemies. It’s going to be a far more full-fledged title than the previous Kirby title for Nintendo 3DS, Kirby Battle Royale, so keep an eye out for it to hit store shelves. Right now is looking like a great time to be a fan! Stay on target The Ultimate Super Smash Bros. Character Guide: King DededeThe Ultimate Super Smash Bros. Character Guide: Meta Knight center_img Let us know what you like about Geek by taking our survey.last_img read more

4 reasons IBM bought Red Hat for 34 billion

first_imgThe news that IBM is to buy Red Hat – the enterprise Linux distribution – shocked the software world this weekend. It took many people by surprise because it signals a weird new world where the old guard of tech conglomerates – almost prehistoric in the history of the industry – are revitalizing themselves by diving deep into the open source world for pearls. So, why did IBM decide to buy Red Hat? And why has it spent so much to do it? Why did IBM decide to buy Red Hat? For IBM this was an expensive step into a new world. But they wouldn’t have done it without good reason. And although it’s hard to center on one single reason that forced IBM’s decision makers to put money on the table, there are certainly a combination of factors that meant this move simply makes sense from IBM’s perspective. Here are 4 reasons why IBM is buying Red Hat: Competing in the cloud market Disappointment around the success of IBM Watson Catching up with Microsoft To help provide support for an important but struggling Linux organization Let’s take a look at each of these in more detail. IBM wants to get serious about cloud computing IBM has been struggling in a competitive cloud market. It’s not exactly out of the running, with some reports placing them in third after AWS and Microsoft Azure, and others in fourth, with Google’s cloud offering above them. But wherever the company stands, it’s true that it is not growing at anywhere near the rate of its competitors. Put simply, if it didn’t act, IBM would lose significant ground in the cloud computing race. It’s no coincidence that cloud was right at the top of the IBM press release. Ginni Rometty, IBM Chairman, President and Chief Executive Officer, is quoted as saying “The acquisition of Red Hat is a game-changer. It changes everything about the cloud market… IBM will become the world’s #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses.” Clearly, IBM wants to bring itself up to date. As The Register wrote when they covered the story on Sunday IBM “really, really, really wants to transform itself into a cool and trendy hybrid cloud platform, rather than be seen eternally as a maintainer of legacy mainframes and databases.” But why buy Red Hat? You might still be thinking well, why does IBM need Red Hat to do all this? Can’t it just do it itself? It ultimately comes down to expanding what businesses can do with cloud – and bringing an open source company into the IBM family will allow IBM to deliver much more effectively on this than they have before. AWS appears to implicitly understand that features and capabilities are everything when it comes to cloud – to be truly successful, IBM needs to adopt both an open source mindset and toolset to innovate at a fast pace. This is what Rometty is referring to when she talks about “the next chapter of the cloud.” This is where cloud becomes more about “extracting more data and optimizing every part of the business, from supply chains to sales” than storage space. IBM’s artificial intelligence product, Watson, hasn’t taken off IBM is a company with its proverbial finger in many pies. Its artificial intelligence product, Watson, hasn’t had the success that the company expected. Instead, it has suffered a number of disappointing setbacks this year, resulting in Deborah DiSanzo, the head of Watson Health, stepping down just a week ago. One of the biggest stories was MD Anderson Cancer Center stepping away from a contract with IBM, after a report by analysts at investment bank Jeffries claimed that the software was “not ready for human investigational or clinical use.” But there are other stories too – all of which come together to paint a picture of a project that doesn’t live up to or deliver on its hype. By contrast, AI has been most impactful as a part of a cloud product. Just look at the furore around the AI tools within AWS – there’s no way government agencies and the military would be quite so interested in the product if it wasn’t packaged in a way that could be easily deployed. AWS, unlike IBM, understood that AI is only worth the hype if organizations can use it easily. In effect, we’re past the period where AI deserves hype on its own – it needs to be part of a wider suite of capabilities that enable innovation and invention with minimal friction. If IBM is to offer out Watson’s capabilities to a wide portion of users, all with varying use cases, IBM can begin to think much more about how the end product can deliver the biggest impact for these individual cases. IBM is playing catch up with Microsoft in terms of open source IBM’s move might be surprising, but in the context of Microsoft’s transformation over the last decade, it’s part of a wider pattern. The only difference is that Microsoft’s attitude to open source has slowly thawed, whereas IBM has gone all out, taking an unexpected leap into the unknown. It’s a neat coincidence that this was the weekend that GitHub officially became part of Microsoft. It’s as if IBM saw Microsoft basking in the glow of an open source embrace and thought we want that. Envy aside, there are serious implications. The future is now quite clearly open source – in fact, it has been for some time. You might even say that Microsoft hasn’t been as quick as it could have been. But for IBM, open source has been seen simply as a tasty slice of the software pie – great, but not the whole thing. This was a misunderstanding – open source is everything. It almost doesn’t even make sense to talk about open source as if it were distinctive from everything else – it is software today. It’s defining the future. Joseph Jacks, the founder of Open Source Capital, said  that “IBM buying @RedHat is not about dominating the cloud. It is about becoming an OSS company. The largest proprietary software and tech companies in the world are now furiously rushing towards the future. An open future. An open source software driven future. OSS eats everything.” IBM is heavily invested in Linux – and RedHat isn’t exactly thriving However, although open source might be the dominant mode of software in 2018, there are a few murmurs about it’s sustainability and resilience. So, despite being central to just about everything we build and use when it comes to software, from a business perspective it isn’t exactly thriving. Red Hat is a brilliant case in point. Despite being one of the first and most successful open source software businesses, providing free, open source software to customers in return for a support fee, revenues are down. Shares fell 14% in June following a disappointing financial forecast – and have fallen further since then. This piece in TechCrunch, almost 5 years old, does a good job of explaining the relative success of Red Hat, as well as its limitations: “When you compare the market cap and revenue of Red Hat to Microsoft or Amazon or Oracle, even Red Hat starts to look like a lukewarm success. The overwhelming success of Linux is disproportionate to the performance of Red Hat. Great for open source, a little disappointing for Red Hat.” From this perspective, this sets the stage for an organisation like IBM to come in and start investing in Red Hat as a foundational component of its future product and software strategy. Given that both organizations are heavily invested in Linux, this could be a really important relationship in supporting the project in the future. And although a multi-billion acquisition might not look like open source in action, it might also be one of the only ways that it’s going to survive and thrive in the future. Thanks to Amarabha Banerjee, Aarthi Kumaraswamy, and Amey Varangaonkar for their help with this post. Update on 9th July, 2019 As pert the reports from The Fortune, IBM on Tuesday morning closed its $34 billion acquisition of Red Hat, which was announced last October. The pricey deal, which paid Red Hat owners a hefty premium of more than 60%, marks IBM CEO Ginni Rometty’s biggest bet yet in transforming her 108-year-old technology company. In an interview Tuesday morning, she said some tech analysts have assumed the move to the cloud would lead to a “winner take all” scenario, where one giant platform—Amazon Web Services?—ends up with all the business. Read the full story here.last_img read more

Average Payment on Mortgages Jumps 17

first_img Mortgage payments are significantly outpacing home values, according to a recent report from CoreLogic. CoreLogic indicates that while the median price paid for a home nationally had risen by just over five percent year over year as of October 2017, the principal-and-interest mortgage payment on that median-priced home had increased by 17 percent, mainly due to the 2018 rate hikes.CoreLogic notes that other forecasts have indicated a slower pace of mortgage payment rises in 2019, closer to seven percent, based on a 4.8 percent annual gain in home prices by October 2019 according to the CoreLogic Home Price Index Forecast, and a 0.2-percentage-point gain in mortgage rates over that period, based on an average of six rate forecasts.Using the “typical mortgage payment” calculated using Freddie Mac’s average rate on a 30-year fixed-rate mortgage with a 20 percent down payment, CoreLogic also measured affordability. According to the study, the national median sale price in October 2018 – $218,733 – was up 5.2 percent year over year, while the typical mortgage payment was up 17.0 percent because of a 0.9-percentage-point rise in mortgage rates over that one-year period.CoreLogic predicts the median sale price will rise 2.5 percent in real, or inflation-adjusted, terms over the year ending October 2019, and the real typical monthly mortgage payment would rise from $918 in October 2018 to $963 by October 2019, a 4.9 percent year-over-year gain, while another forecast indicates that real disposable income will rise by just under 3 percent over the next year, indicating homeowners will be paying more out of their income toward mortgage payments.When adjusted for inflation, mortgage payments are still trending lower than the all-time peak. In October 2018, it remained 28.0 percent below the all-time peak of $1,275 in June 2006.For info, visit CoreLogic here. Share Average Payment on Mortgages Jumps 17% in Daily Dose, Data, Featured, News, Originationcenter_img CoreLogic Home Prices interest mortgage 2019-01-23 Seth Welborn January 23, 2019 1,138 Views last_img read more