Kerala Congress M splits Jose K Mani elected chairman

first_imgKottayam (Ker): The Kerala Congress (M), a key partner of the Congress-led UDF, suffered a split Sunday with a faction in the party electing Rajya Sabha MP Jose K Mani, son of its founder late K M Mani, as the Chairman. The development capped weeks-long infighting in the party between supporters of Jose Mani and working chairman P J Joseph following the demise of K M Mani in April this year. Jose K Mani was elected as the chairman of the party by the leaders supporting him at a meeting of the State Committee members here convened by him. Hours ahead of the meeting, the faction led by Joseph declared it as invalid and said it was against the party Constitution. After the meeting, ‘presiding officer’ K Z Kunjeriya announced to the party workers that Jose K Mani has been “elected unanimously” as chairman. Out of 437 state committee members of the party, as many as 325 attended the meeting, the faction leaders claimed. The Kerala Congress which has a history of splits since its inception in 1964, has a strong base in the central Travancore belt, especially among Christians. Expressing his gratitude to the party leaders for electing him as ‘chairman’, Jose K Mani said “K M Mani sir is with is in our forward journey. I will work hard to follow the path shown by him.” The party would function unitedly, he said in his speech in the presence of mediapersons. According to leaders of the Joseph faction, there are a total of 437 members in the Kerala Congress (M)s jumbostate committee. Senior leaders of the party, including former Rajya Sabha MP Joy Abraham, MLAs C F Thomas and Mons Joseph, did not attend the meeting, sources in the Joseph faction claimed. Out of five MLAs of the Kerala Congress (M), only two — attended the meeting. Jose K Mani’s followers said KC(M)’s Idukki MLA Roshy Augustine and Kanjirappally MLA N Jayaraj and lone Lok Sabha MP of the party, Thomas Chazhikadan, were the prominent leaders who attended the meeting. Trouble had been brewing in the party following the demise of K M Mani. Partys Organisational General Secretary Joy Abrahams letter to Chief Election Officer Teeka Ram Meena declaring Joseph asKC(M) chairman after the veteran’s death had been opposed by the faction headed by Jose K Mani.last_img read more

Calgary Mayor Naheed Nenshi gives thumbs down to provincial budgets cuts to

first_imgThis is after the government boosted the fund to great fanfare in 2015 by $11 million. David Eggen, who was culture and tourism minister in 2015 said at the time: “The success of Alberta’s cultural industries sector, particularly our film and television industry, is an important piece in our move toward a more diversified, sustainable economy … We have only begun to tap into the incredible potential of this industry.”According to Bill Evans, executive director of the Alberta Media Production Industries Association, that $11 million was a one-time addition and the new budget actually added new media funding. But he said in a statement Friday that the net drop of $3 million is “not good news for our industry. However, considering the current economic climate, it’s not as bad as we were expecting.”Alberta Culture and Tourism Minister Ricardo Miranda, in a statement on Friday, confirmed the $34 million slated for the fund includes a “one-time” $5 million through the Capital Investment Tax Credit, which he said will support film and television production and fund two new pilot grant programs supporting interactive digital media and post-production, visual effects and digital animation.“Alberta’s cultural industries play a significant role in the government’s plan to diversify the economy and we continue to look for opportunities to support the sector,” he said.AMPIA is part of a group of contributors to Alberta’s film industry that has been lobbying hard in recent months, saying Alberta needed to make changes quickly to take advantage of the fact that Canada’s current production centres, Toronto and Vancouver, are operating beyond capacity.Beyond the size of the fund, the group is lobbying against a funding cap on the fund’s production grant, which provides incentives for film and TV projects. The fund can contribute up to 30 per cent of all eligible Alberta expenses, but is capped at $5-million per project.In the past, there was flexibility in the fund for ongoing series that continued to employ workers and generate economic activity. In 2014, changes were made to the fund by the then Conservative government that prevents new television series from applying more than once, which is not favourable for higher-budget fare and ongoing television series.Calgary-based Nomadic Pictures, which co-produced AMC’s Hell on Wheels and co-produces FX’s Fargo, set up production of its sci-fi series Van Helsing in Vancouver rather than Alberta in early 2016, at least in part because of the cap.IATSE local president Damian Petti said Friday he, too, is disappointed in the budget, but the film union leader also called for an entirely new model that would rely more on tax credits, an incentive that lowers the amount of tax owed the government used in many jurisdictions in Canada and elsewhere to attract film shoots.“The industry has been struggling,” he said. “The model is becoming antiquated. It’s time for a tax credit, which has been a proven success story in other jurisdictions. The fund has severe limitations compared to a tax credit. So, there is disappointment as the community hoped we could overcome the limits to the cap. (But) we’re an outlier. We’re the only jurisdiction not to have a labour-based tax credit.”Petti also said he believes the government wants to support the film industry.“The minister met with stakeholders. Minister Miranda wants to work with industry so industry needs to unite and work with the ministry. I believe that is a sincere offer.”Evans from AMPIA points out that film and TV production generated $262 million in economic impact compared to $2.2 billion in B.C. He said his group “will continue to advocate for a change in the way the provincial incentive program works … ” but he worries film jobs and investment will leave the province.Nenshi stressed the film industry in Alberta is a key to diversifying the economy.“As I’ve said many, many times, filmmaking is not a nice, fun-to-have industry, it’s an industry that needs to grow significantly in Alberta because it supports a lot of jobs and a lot of good jobs,” he said. “It’s very, very difficult for us to grow that industry if we can’t be competitive with funding in the way that other jurisdictions in other provinces are.”In other culture funding, the Alberta Foundation for the Arts received a $5 million increase in funding that had been promised earlier.With files from Annalise Klingbeil and Eric Volmers, Postmedia Facebook Twitter Login/Register With: Advertisement Calgary’s mayor is panning an Alberta provincial budget that on Thursday cut funding to the Alberta Media Fund used to entice film and television projects to shoot here.“I’m very disappointed, and this is one that requires more analysis, but it looks like the province has rejected our request to increase the Alberta Media Fund,” Nenshi told reporters Thursday. “That’s about bringing filmmaking into the province and instead of increasing the fund from $36.8 million to $50 million, they seem to have cut it … which is really strangling a very important industry in a growth phase, here in the province, very early on. That’s a very bad thing.”A “budget highlights” section on the Alberta government website pegs the fund for next year at $34 million, a drop from nearly $37 million. Advertisement Advertisement LEAVE A REPLY Cancel replyLog in to leave a comment last_img read more

How an Inuk woman is trying to overcome addiction and a dark

first_imgAPTN National NewsThis week has a name – National Addiction Awareness Week.APTN’s Danielle Rochette speaks to one Inuk woman trying to overcome addiction and her past with the help of a treatment program in Montreal.last_img

PM should stop using individuals opinion to spread venom Cong after Pitrodas

first_imgNew Delhi: The Congress on Friday said Prime Minister Narendra Modi and the BJP should stop using an individual’s “personal opinion” to “spread venom”, in an apparent reference to comments by Sam Pitroda on Balakot air strike which have triggered a political row. Congress’ chief spokesperson Randeep Surjewala said his party has “unequivocally” said the Pulwama terror attack was a “grave national security failure” of the Modi government. Balakot air strike was a shining example of the valour of the Indian Air Force and Pakistan’s terror outfits like JeM and LeT and others will never succeed in their evil design, he said. Also Read – India gets first tranche of Swiss bank a/c details “Modiji and BJP should stop using an individual’s personal opinion to spread venom! Instead of hiding behind the sacrifice of our armed forces, PM must answer to Nation on — jobs crisis, agrarian distress, demonetisation & GST disasters & economic downturn,” Surjewala tweeted. Prime Minister Modi, using the hashtag ‘Janta maaf nahi karegi’ (people will not forgive) in a tweet, attacked Indian Overseas Congress chief Pitroda for reportedly saying “Eight people(26/11 terrorists) come and do something, you don’t jump on entire nation(Pakistan). Naive to assume that just because some people came here &attacked, every citizen of that nation is to be blamed. I don’t believe in that way”. Also Read – Tourists to be allowed in J&K from Thursday Tagging a news report carrying Pitroda’s remarks, Modi said, “The most trusted advisor and guide of the Congress President has kick-started the Pakistan National Day celebrations on behalf of the Congress, ironically by demeaning India’s armed forces. Shame!” “Loyal courtier of Congress’ royal dynasty admits what the nation already knew — Congress was unwilling to respond to forces of terror. This is a New India- we will answer terrorists in a language they understand and with interest!.” Several BJP leaders, including BJP chief Amit Shah, slammed Pitroda for his remarks. Amid the controversy, Pitroda on Friday asked the government to come out with “more facts” on the Balakot air strikes, and said that he was “baffled” by Prime Minister Narendra Modi’s reaction to his question which he was entitled to ask. Surjewala too slammed Modi’d remarks and alleged that Prime Minister Modi was “busy shooting films in Corbett Park” and giving a speech as nation mourned Pulwama martyrs. The Modi government was “clueless as RDX, MI carbines and rocket launchers were smuggled in to be used in Pulwama”, the Congress’ chief spokesperson said. The BJP government released Jaish-e-Mohammed chief Masood Azhar and other terrorists, he said.last_img read more

Global postal industry looks towards future after UN meeting

International postal services are keeping pace and moving forward with the onset of globalization and advances in technology, the head of the United Nations Universal Postal Union (UPU) said today.Wrapping up the three-week-long 24th Universal Postal Congress in Geneva, Edouard Dayan, the agency’s head, said that the tone of the industry has changed. “Four years ago, an air of pessimism hung around the future of postal services,” he said, highlighting that today, the sector’s agenda includes e-commerce, facilitating international trade, electronic money transfers and sustainable development, among others.Thus, the global postal service can look towards “development – rather than downsizing,” Mr. Dayan added.During the Congress – which takes place every four years – he was re-elected by acclamation to his post, as was his Deputy, Guozhong Huang.The more than 2,500 participants – including representatives from 179 of the UPU’s 191 member countries – discussed some 300 proposals and resolutions.Among the most important decisions taken by the meeting was the adoption of the next world postal strategy, which centres on modernizing global postal services at all levels, ranging from institutional reform to postal security to the impact of the industry on the environment.The UPU Quality of Service Fund, which supports projects to boost the universal postal service in developing and least developed countries, has been extended. To date, it has financed over 400 projects worth roughly $60 million.The 2012 Universal Postal Congress of the Berne-based UPU will be held in Doha, Qatar. 12 August 2008International postal services are keeping pace and moving forward with the onset of globalization and advances in technology, the head of the United Nations Universal Postal Union (UPU) said today. read more

Walker makes most of senior season

Senior Andrea Walker has seen it all in her four years playing basketball at Ohio State, but this season has been her most productive yet.Walker has already matched or surpassed her highest career output in rebounds, points and assists with six games still remaining, but her stat line won’t be compared with the best players in the nation.Walker has played backup to two of the best centers in OSU history while on the team: Jessica Davenport and junior Jantel Lavender.“I don’t really care about minutes. As long as our team is winning, I’m happy here,” Walker said. “I think that I’ve gotten better playing against the best centers.”Walker’s 6-foot-5-inch frame allows her to dominate smaller players while on the floor, but it also helps her to push Lavender to the brink in practice to help her get better. Sometimes, it can become a little more than just a practice.“I think there have been days where me and [Walker] get really physical. We get mad at each other sometimes,” Lavender said. “I think we make each other better everyday … because we always play each other hard.”Walker also has to play the role of senior, one of only four on the team, to help get OSU through the tough times of the season, like the past couple weeks.She does so not only with her words, but also her play, as she recorded 28 minutes and 15 points, her highest totals of the season, in OSU’s 67-62 loss to Indiana on Jan. 31.Walker has really been part of the rise of OSU women’s basketball. Since her freshman year, OSU has had 100 wins and 19 losses and has made the NCAA Tournament each year. Her freshman and sophomore years, OSU was ousted in the first round of the NCAA Tournament, but in her junior year they advanced to the Sweet 16.Although she doesn’t make headlines, her team feels that people don’t understand how good she really is.“I think people don’t give her enough praise and attention. I think she’s long and can block shots,” Lavender said. “People don’t give her enough attention as far as recognizing her abilities to defend the post and alter people’s shots. She can score in the post just as well as anybody.”Walker has had better averages in almost every statistical category since starting Big Ten play, one of only a few players on the team to do so.The Buckeyes will need her production to continue as they enter a tough stretch in their schedule over the next five games when they face Purdue, Wisconsin and Michigan State. OSU lost to Purdue once already and didn’t put away Wisconsin or Michigan State until late in the game when they last played. read more

Adventure Film Festival featuring Irish movies opens tonight

first_imgDO YOU LOVE mountaineering, climbing, kayaking, mountain biking, base jumping, skiing, running, surfing and living life to the full?The Why Not? Adventure Film Festival opens tonight in Dublin and features 15 short films from Ireland and around the world and four feature length films – all Irish premieres – including the movie McConkey, which was described by the New York Times as both “inspiring” and “heartbreaking”.PioneerThis film tells the story of Shane McConkey, a free-skiing and ski-BASE jumping pioneer.Shane McConkey passed away tragically aged 39. The film documents over a thousand hours of archive material.(YouTube/redbull)Arrival, another Irish movie will also be screened and this is the first time anyone will get to see either movies.AudienceNew to this year’s festival is Choose Your Own Soundtrack movie experiment. Similar to a silent disco, the audience will get a set of headphones and be able to chose from several soundtracks throughout the movie, depending on the mood they think is in each scene.So who does this festival appeal to?Speaking to TheJournal.ie, one of the festival organisers Martin O’Donohue said “the festival is really for anyone who is into extreme sports or any sports really. The movies are about people who are top of their game in their sports field. The photography is amazing also. There are some great Irish films too, but also ones from further afield.”The festival kicks off tonight in Dublin at the Sugar Club and then moves on to Castlebar on the 21 November at the Linen Hall Theatre and Galway on the 30 November at An Taibhdhearc.(YouTube/Why Not? Adventure Film Festival)For more info click here.This Irish film has just been longlisted for an Oscar>Irish film featuring Joe Duffy and Ryan Tubridy selected for Toronto Film Fest>last_img read more

Norway Buys 20 Ford Electrics For Postal Fleet

first_imgNorway has become the first country in Europe to start using the Ford Transit Connect Electric postal van, purchasing 20 vehicles to help bolster the Norwegian Post’s fleet.The trucks are expected to join the service starting the Summer, and are bing used as part of the Post’s goal to reduce carbon emissions. “”In signing a contract for delivery of the new Ford Transit Connect Electric, the Norwegian Post is taking an important step towards its goal of reducing 150.000 tonnes of CO2 annually,” said CEO Dag Mejdell.The Transit Connect Electric features a ForceDrive powertrain that’s specifically designed for urban driving. It also has a range of up to 80 miles per charge and a top speed of 75 miles per hour.Via Autoblog Greenlast_img

Say cheese

first_img Facebook Twitter: @NeosKosmos Instagram Manager and head cheesemaker of Woodside Cheese Wrights, Kris Lloyd, takes pride in being an artisan cheesemaker at her South Australian company. We’ve got good systems in place and we’ve got great staff, people that are really passionate about the cheeses and passionate about making them good.“We’re not mechanised, we really are true artisans…we make to traditional methods and we don’t use machinery to mix the curd,” she says. But an artisan business can only expand so much, Lloyd says. “People ask me how big I’m going to grow, but being an artisan you can only grow so much and I think it comes to a point where you grow and you’re no longer an artisan, and that’s not where we want to go,” she said. A range of seasonal cheeses at Woodside Cheese Wrights, which were initially introduced to overcome shortages of goat’s milk during winter, gained positive response from consumers. “People actually now have gotten used to the fact that we make cheeses in a seasonal manner, and they look forward to them, there’s a good acceptance of it and I guess a celebration of it as well,” Lloyd said. Woodside Cheese Wrights, which distributes Australia wide as well as to the Phillipines, produces around 60 tonnes of cheese a year, with between eight to twelve employees at any given time. “It’s a tiny team in the scheme of things,” Lloyd said, adding “there’s an enormous amount of skills required from the cheesemakers; we do long lactic sets over night, ladle the curd, drain it in cheese cloth bags and mix it by hand.” Lloyd’s pathway into cheesemaking was somewhat unexpected. “It never really was my intention to make cheese…I learnt totally and purely by accident,” she said. While working in her family business, a vineyard in South Australia’s McLaren Vale area, Lloyd was developing food products; olive oil, ver juice and vinegars, and wanted to add cheeses to the business range. Learning everything on the job, Lloyd said she picked up the skills and enjoyed cheesemaking. Today she trains all of her staff. “I train everyone at cheese, I just think it means that people have learnt one way and then there’s less risk of inconsistencies in the product and I think that’s one thing that consumers are not all that forgiving about; they want the product to be good all the time, everytime. So quality is absolutely paramount when you’re making cheese, but a lot of things can go wrong when you make cheese too”. Lloyd attributes the success of her business to the team she works with. “We’ve got good systems in place and we’ve got great staff, people that are really passionate about the cheeses and passionate about making them good… it’s not just me, it’s a team of people that actually produce the positive outcome,” she said. Lloyd said being acknowledged as a finalist for the South Australian sector of this year’s Telstra’s Business Womens Awards, is very positive. “I know what the calibre of women are in Australia and I’m just happy to be a finalist,” she says.last_img read more

Lecommerce se porte très bien

first_imgL’e-commerce se porte très bienLes chiffres des sites de vente en ligne connaissent une belle croissance en France, dans une conjecture économique pourtant morose.Le commerce en ligne, e-commerce en anglais, séduit toujours plus de consommateurs. En France, le secteur affiche ainsi une croissance de ses ventes de 20%. Un Français sur deux utilise désormais ce mode de consommation, profitant des 90.000 sites marchands existant. À lire aussiL’App-Shop d’Amazon enfin disponible en FranceEn tout, ce sont quelques 17,5 milliards d’euros qui ont été dépensés sur Internet lors des six premiers mois de l’année 2011, explique l’AFP qui reprend les chiffres présentés jeudi par la Fédération du e-commerce et de la vente à distance (Fevad). Le chiffres des acheteurs du Web a ainsi atteint les 30 millions, soit une progression de 15% au deuxième trimestre et 4,1 millions d’adeptes supplémentaires. De même, trois internautes sur quatre et un Français sur deux utilisent désormais ce système. Au niveau des sites, c’est l’Américain eBay qui domine le marché suivi par Amazon, PriceMinister, Cdiscount, et Groupon. Néanmoins, ces excellents chiffres sont plus dus à une conjecture économique morose, qui poussent les gens à rechercher le meilleur prix, qu’à un réel engouement, sauf peut-être chez les personnes âgées séduites par ce mode de consommation qui permet d’accéder à un large catalogue et d’être livré à domicile.  Le 9 septembre 2011 à 14:19 • Maxime Lambertlast_img read more

WHEN WILL THE SOLDIERS UNLAWFULLY DETAINED BE RELEASED

first_imgEleven soldiers including Warrant Officer Class 1 Ismaila Jammeh, Warrant Officer Class 1  Pa Sanneh, Warrant Officer Class 1 Alieu Jeng, Warrant Officer Class 2 Abdoulie Jallow alias Jallino, Staff Sergeant Lamin Sambou, Staff Sergeant Lamin Badgie, Staff Sergeant Amadou Badgie, Staff Sergeant Omar Jallow alias Oya, Lt Malick Jatta and Staff Sergeant Musa Johnson have been held for more than seven two hours contrary to the dictates of the constitution that within a period of seventy two hours they should either be taken to court or be released on bail with or without conditions.The armed forces’ assertion that they are being held under the Armed Forces Act is without foundation because the Constitution takes precedence over the Armed Forces Act and this Constitution applies to all citizens and others living in The Gambia, irrespective to whether they are civilians or soldiers.Gambians united and voted out Yahya Jammeh not to follow his footstep of impunity but to pursue democracy, the rule of law and protection of fundamental rights and freedoms.Public servants must be transformed from lords to servants. Security officers must be transformed from oppressors to defenders of the sovereign rights of the people.last_img read more

Obie Wilchcome Bids Farewell To Perry Christie

first_img#magneticmedianews#obiesaysgoodbyetochristie Related Items:#magneticmedianews, #obiesaysgoodbyetochristie Facebook Twitter Google+LinkedInPinterestWhatsAppcenter_img Facebook Twitter Google+LinkedInPinterestWhatsAppBahamas, May 19, 2017 – Nassau – Former Minister of Tourism Obie Wilchcombe expressed his shock at the PLP’s loss in the General Election while bidding farewell to Party Leader Perry Christie after 20 years as the PLP’s leader.“Many are still trying to figure out why the thousands of Bahamians did not vote, why many stayed home and how change could come when the people did not indicate that they truly wanted the change”, he said.In acknowledging all of Christie’s accomplishments and goodwill, Obie also made mention of those that have betrayed the Former Prime Minister, over the years.“Many of us say thank you for opening the doors for so many because there are those that even criticized you, who you opened doors for. Those who’ve said things about you who you gave opportunities to. and those who you in fact, gave second chances to, who turned their backs on you. But I’m reminded that you can only be back-stabbed by a friend.”, he stated.He continue, promising party supporters that the PLP will rebuild and do their best to win the next election.“We will rebuild with our deputy leader, we’ll rebuild with our chairman, we will rebuild with all in this organization because you have told us “Never give in, never give up, never retreat.” So, Mr. Leader, we will win the next one but we will win this one for you, Mr. Leader.”Obie Wilchcombe revealed that he will run for chairman of the PLP at the party’s next convention as Bradley Roberts will not seek re-election to that post.last_img read more

Washougal hires state fraud manager as director of finance

first_imgThe city of Washougal has hired the state fraud manager who investigated the city earlier this year as its new finance director.Jennifer Forsberg, 35, has worked for the Washington State Auditor’s Office for the past nine years. Prior to becoming fraud manager for the state department four years ago, Forsberg worked as an auditor and supervisor at the department’s Vancouver office. Mayor Sean Guard expects the city council will finalize Forsberg’s contract, including her salary, during an executive session Monday. She is set to take over as Washougal’s top financial officer sometime during the week of July 26, once she fulfills prior commitments with the auditor’s office.Guard admitted the hire was a bit ironic but said the decision seemed natural.“If I’m the CEO of the city of Washougal, and I happen to be, and you’re looking to make sure certain things never happen again, golly, let’s make the person in charge of the house someone who knows what’s going on,” Guard said.Forsberg oversaw the several-month fraud investigation in the city of Washougal that wrapped up in March. The state department launched the investigation after revealing in an earlier audit the city was unable to account for about $100,000 in revenue from city events. The auditor’s office was unable to determine if a misappropriation of public funds occurred because of the city’s insufficient record-keeping. The Clark County Sheriff’s Office launched a criminal investigation at Guard’s request. The investigation is ongoing.Forsberg replaces Jeffrey Bivens, who was fired in December after failing to obtain insurance coverage. Assistant finance director RJ Stevenson has filled the position in the interim.last_img read more

49 Voices Simon Vongsamath in Bethel

first_imgSimon Vongsamath of Bethel (Photo courtesy of KYUK)This week, we’re hearing from Simon Vongsamath in Bethel. Vongsamath works for Alaska Airlines and is originally from Thailand.Listen nowVONGSAMATH: Back in the Vietnam War, my dad was a U.S. Army contractor. He’s from Thailand and he worked for the U.S. government as an Army special assignment agent. Well we lost the war, and he chose Alaska because he used to come to Ft. Wainwright back in the 60s to train, so he fell in love with Alaska. So he brought the whole family here in Alaska — my brothers, sisters, everybody lived here.I lived in Anchorage for 35 years. This is my fourth year here in Bethel. I’m 100 percent Alaskan. I eat what they eat. I learned how to survive with local people. I met a lot of friends from different places like St. Mary’s village. People that have very small for their lives, so I learned how to appreciate what I have now, and how I live now. So I learned a lot of things with local people. That’s why I ended up here for the longest time.My wife is a chef, and she loves to cook for people. She’s very compassionate how she does it. She loves people, she likes to feed people. And unfortunately, we had to close [the restaurant] down because we’re getting old.I raised my children here. I just wish everybody stayed here from moving away. Of course, when the birds get strong wings, they like to fly, so it’s up to them where they want to go. But as long as they’re born and raised here, they know what Alaska’s like, they will return just like salmon, just like ptarmigan, just like seagulls. They can fly all over the place — ducks,geese — they come back to Alaska. I hope my children, my grandchildren will do the same.This interview was gathered by the interns at KYUK in Bethel.last_img read more

Malaysias Mahathir in hospital for chest infection

first_imgFormer Malaysian prime minister Mahathir Mohamad speaking during an interview in Kuala Lumpur in 2012. AFP file photoMalaysia’s veteran former prime minister Mahathir Mohamad, who has been picked to lead an opposition bid for election victory, has been admitted to hospital with a chest infection, authorities said Saturday.The 92-year-old, who has joined forces with his former protege-turned-nemesis Anwar Ibrahim in an attempt to topple scandal-tainted Prime Minister Najib Razak, “is being treated in the general ward for chest infection following a bout of cough,” the National Heart Institute said in a statement.Mahathir was admitted late Friday and would remain for a few days for “treatment and observation”.In recent weeks, Mahathir has been criss-crossing the country to beef up support for the opposition with polls fast approaching.Mahathir has undergone two coronary bypass surgeries, in 1989 and 2007.Political analysts say with Anwar, the country’s most popular opposition leader and currently in jail, Mahathir is regarded as the biggest threat for Najib, who must call an election by August but is facing a massive corruption scandal over the sovereign wealth fund 1MDB.Mahathir, who during his 22-year tenure as prime minister earned the reputation of being an authoritarian, could emerge as the world’s oldest leader if the opposition wins.But political observers say it will be a tough battle to oust Najib’s Barisan Nasional which has been in power since independence in 1957 because the opposition is split.In civil lawsuits, the US Justice Department has alleged that about $4.5 billion was misappropriated from the 1MDB fund founded by Najib.Both 1MDB and Najib have denied any wrongdoing.last_img read more

State to go for massive Bixa plantation extract food manufacturing dye from

first_imgKolkata: The use of artificial colour in food products is soon coming to an end as the state Agriculture department has taken steps to ensure massive plantation of Bixa trees in the state for its seeds.Yellow-orange dye extracted from its seed is a safe colouring agent for food. The state Agriculture department would also discuss the issue with the state Science and Technology department for using updated technology to process the seeds and extract natural dye from it. Also Read – Rain batters Kolkata, cripples normal lifeTaking the unique move, the state Agriculture department would initially go for plantation of the same in all the farms and help increase the yield of Bixa seeds.During a recent visit to Fulia Agriculture Training Centre in Nadia, the state Agriculture minister Asish Banerjee noticed two Bixa trees, which is commonly known as lipstick tree. After getting to knowing the usefulness of the seeds, the minister gave direction to take necessary steps to increase the yield of the same. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedBanerjee said: “Direction has been given to increase plantation of Lipstick Trees. At the same time, there will be discussions with the state Science and Technology department in connection with the updated process of extraction of colour from its seeds.”Following the direction of the state Agriculture minister, senior scientists at Fulia Agriculture Training Centre initiated their work to increase its production.With the immense success of the scientists, around 2 kg of seeds have been kept ready and using the same, lipstick cultivation is possible on a plot 70-bigha. Initially, the state Agriculture department will carry out cultivation of Lipstick trees in all its farms across different parts of the state. The state Agriculture department has also taken steps so that no place in farms is left vacant. Once the yield of lipstick seeds goes up, the natural yellow-orange Bixa dye would become easily available in the state.With proper promotion of the Bixa seed dye, it will become popular among food product manufacturers and the tendency of using artificial colour will go down.Often the use of artificial colour in food products turns out to be an issue in certain parts of the state. Steps need to be taken to check such practice. But with this move, there would be a permanent solution to the menace.It may be mentioned that Bixa tree has become commonly known as the Lipstick tree as its seeds were used to make lipstick and body paint in certain parts of America.last_img read more

Food Food Glorious Food TravelManagers Donate 300 plus cans

first_imgTravelManagers’ national partnership office team from left Graciela Craig, Julia McLean, Julie Anderson, Suzanne Laister, Tania Myles, Tina Vitelli, Rebecca Owen, Tanyu Cilek and Sandra Reucker with Exodus Foundation driverFood, Food, Glorious Food! TravelManagers Donate 300 plus cans to Exodus Foundation’s Christmas Can DriveChristmas this year was a little brighter for some of Sydney’s homeless and those in need thanks to TravelManagers, who collectively donated over 300 cans of food to Sydney’s Exodus Foundation’s Christmas can drive. TravelManagers’ BSP & Supplier Relations Executive Sandra Reucker was overwhelmed by the fantastic response she received from fellow national partnership office and Hoot Holidays teams.“We donated 20 full bags of canned goods which included items of request such as casseroles, spaghetti, baked beans, tuna and pasta. It was so heart-warming to see such a fantastic response from the TravelManagers and Hoot Holidays’ teams,” says Reucker.This is the third year TravelManagers and Hoot Holidays has supported the Exodus Foundation who put together food parcels for families in need and also help to feed the homeless who live on the streets of Sydney.Reucker’s motivation to help was born from the realization that for some Australian’s, it is a real struggle to provide food for their families.“I saw a television documentary three years ago about Reverend Bill Crews and how the Exodus Foundation support needy families. It really saddened me and made me realise how lucky most of us are not to be in that situation. It was at that moment I knew I wanted to help and with the support of my colleagues we have – for the last three years we have collectively donated a significant amount of cans for their annual Christmas can drive.”In addition to the individual members of the national partnership office and Hoot Holidays providing donations, TravelManagers’ as a company donated to the collection as well.“The strongest message for TravelManagers is the culture of our business and our desire to give back to the community. The opportunity for our team to do something that benefits those in need within our local community mirrors our business philosophy of going the extra mile. That really sums up the culture of TravelManagers and we are extremely proud of that,” says TravelManagers Executive General Manager Michael Gazal.The Exodus Foundation supports those in need not only at Christmas time but 365 days a year.To make a donation or to find out more about how you can help, please CLICK HEREAbout TravelManagersTravel Managers operates in all Australian States and is a wholly owned subsidiary of House of Travel, Australasia’s largest independent travel company which has a forecast turnover of $1.5 billion for 2015. TravelManagers is a sister company to Hoot Holidays, also owned by House of Travel, and has more than 500 personal travel managers throughout Australia with a dedicated support team at the company’s national partnership office in Sydney. TravelManagers places all customer money in a dedicated and audited Client Trust Account which is separate from the general business accounts, ensuring client funds are only used for client purchases. Source = TravelManagerslast_img read more

Commercial Multifamily Mortgage Debt Steady

first_img Share June 17, 2011 437 Views Commercial, Multifamily Mortgage Debt Steady Recent analysis by the “”Mortgage Bankers Association””:http://www.mbaa.org/default.htm (MBA) revealed that commercial and multifamily mortgage debt remained relatively fixed in the first quarter of 2011, down by only 0.1 percent from the fourth quarter.[IMAGE]The MBA’s analysis covered the “”Federal Reserve Board””:http://www.federalreserve.gov/ Flow of Funds, which tracks and assesses the loan holdings and securities in sectors across the economy. These holdings and securities include commercial mortgage-backed securities, collateralized debt obligations, and other securities backed by assets.””New commercial and multifamily mortgage lending offset the amount of debt paid-off and paid-down during the first quarter, leaving the outstanding balance essentially unchanged,”” said Jamie Woodwell, the vice-president of commercial real estate research at “”MBA””:http://www.mbaa.org/default.htm. “”Five of the seven largest investor groups increased their holdings of commercial and multifamily mortgages during the quarter.””Banks and thrifts and finance companies saw declines in the balances of commercial and multifamily mortgages they hold,”” Woodwell said.According to the report, $2.4 trillion in commercial and multifamily mortgage debt outstanding fell by $3 billion, indicating a new low relative to figures from the fourth quarter in 2010. Still, multifamily mortgage debt climbed to $800 billion, representing an increase by 0.4 from the fourth quarter.Commercial banks still retain $794 billion, or 33 percent, of the total ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô by far the largest share of commercial and multifamily mortgages. Meanwhile, portfolios belonging to agencies and government-sponsored enterprises (GSEs) amounted to $299 billion, or approximately 13 percent.Debt outstanding for multifamily mortgages rounded out at $327 billion, or approximately 41 percent in total. Trailing multifamily mortgages, banks and thrifts reported holding a combined $214 billion, or 27 percent of the share in all.City, municipal, and state governments own $75 billion, or 9 percent, followed by life insurances companies with $47 billion and the federal government with $14 billion, or 2 percent of the total. Signaling a shift, commercial banks saw the largest decrease, with $8 billion in commercial and multifamily mortgage debt holdings out. Holdings for finance companies dropped by $3 billion, or 4 percent.At 5 percent, the household sector witnessed the largest drop in their holdings, with agency and GSEs increasing their holdings portfolios by one percent.center_img Agents & Brokers Investors Lenders & Servicers Mortgage Bankers Association 2011-06-17 Ryan Schuette in Data, Secondary Marketlast_img read more

2Q GDP Growth Slows to 15 With Drop in Spending

first_img July 27, 2012 437 Views Share in Data, Government 2Q GDP Growth Slows to 1.5% With Drop in Spendingcenter_img Agents & Brokers Attorneys & Title Companies Bureau of Economic Analysis GDP Investors Lenders & Servicers Service Providers 2012-07-27 Mark Lieberman The U.S. economy grew at a disappointing 1.5 percent in the second quarter, the “”Labor Department””:http://www.dol.gov/ reported Friday, down from an upwardly revised 2.0 percent growth rate in the first quarter but better than expected. [IMAGE]Economists had forecast GDP to grow at 1.2 percent in the second quarter. A drop in government spending ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô primarily at the state and local level ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô held growth down.The growth pace is below the 3.0 percent level need to add jobs to make a dent in the nation’s unemployment rate. Indeed the GDP report covered the same quarter which saw the weakest job growth ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô 225,000 jobs ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô since the third quarter of 2010 when the economy grew at a relatively robust 2.5 percent. Friday’s Labor report was an ├â┬ó├óÔÇÜ┬¼├àÔÇ£advance estimate├â┬ó├óÔÇÜ┬¼├é┬Ø based on incomplete data subject to revision orin some cases data that has not yet been reported.The Labor Department also released the regular annual revisions to GDP for the previous three years, from the end of 2008. Those revisions showed a steeper plunge in the first half of 2009 than previously reported but also stronger growth in the first half of 2010 than first calculated. Data for 2011 were generally mixed compared with initial reports: stronger than first reported in the second and fourth quarters but weaker in the first and third.Between 2008 and 2011, real GDP increased at an average annual rate of 0.3 percent, Labor said.While in the previously published estimates, real GDP had increased at an average annual rate of 0.4 percent. [COLUMN_BREAK]From the fourth quarter of 2008 to the first quarter of 2012, real GDP increased at an average annual rate of 1.5 percent slightly faster than the previously published estimates which pegged real GDP growth at 1.4 percent.In dollar terms, GDP increased $107.6 billion, most of which – $60.3 billion – was an increase in personal consumption. The second quarter increase in personal consumption though was less than half the $133.4 billion growth in the first quarter.Government spending at all levels fell $6.2 billion in the second quarter compared with a $3.6 billion increase in the first. State and local government spending dropped $8.7 billion in the second quarter offset by a $2.5 increase in federal spending.The slowdown in total growth was due to a combination of factors: real personal consumption grew at just 1.5 percent in the second quarter compared with 2.4 percent in the first. Non-residential fixed investment grew at 5.3 percent in the second quarter compared with 7.5 percent in the first. Residential fixed investment grew 9.7 percent in the second quarter after growing at 20.5 percent in the first.Released less than a month after the end of the quarter, this advance estimate of GDP relied on estimates and assumptions of some key data elements which, Labor said, ├â┬ó├óÔÇÜ┬¼├àÔÇ£are incomplete and subject to revision.├â┬ó├óÔÇÜ┬¼├é┬Ø Labor assumed, for example, a stronger pace of residential construction for June than for April and May as well as a drop in non-durable manufacturing inventories, an increase in automobile inventories and decreases in both exports and imports.Personal consumption represented 71.0 percent of total GDP in the second quarter compared with 71.1 percent in the first.Inflation according to the GDP price index increased to a 1.9 percent annualized rate from 1.8 percent in the first quarter. Core inflation ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô excluding food and energy prices ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô dropped to 1.8 percent in the second quarter from 1.9 percent in the first.Labor issues three GDP reports for each quarter: an ├â┬ó├óÔÇÜ┬¼├àÔÇ£advance├â┬ó├óÔÇÜ┬¼├é┬Ø report one month after the quarter ends and revisions in each of the following months as more data are received.last_img read more

Deephaven Mortgage Utilizes LoanScorecard Technology

first_img September 26, 2018 537 Views Share LoanScorecard, a provider of automated underwriting technology, announced today that its technology will power Deephaven Mortgage’s launch of the new IDENTI-FI  AUS.Deephaven’s launch of this technology furthers its mission to empower mortgage professionals serving borrowers who face challenges securing a traditional government-financed mortgage. In  In a statement, LoanScorecard stated: “As a leading issuer of non-QM mortgage-backed securities, Deephaven aims to be the top provider of non-agency loans to the origination community, offering expanded prime, near-prime, non-prime, bank statement loan, investment property, and interest-only products. In order to empower originators at the point of sale, Deephaven is introducing IDENTI-FI AUS.”This Non-QM point-of-sale/pre-qualification tool leverages LoanScorecard’s Portfolio Underwriter technology. IDENTI-FI AUS will analyze the 1003 and credit report to instantly determine potential options across Deephaven’s non-agency loan programs. This, in turn, enables originators to place loans that might otherwise not qualify. Originators can run Deephaven’s AUS findings on any loan file for a detailed breakdown of the qualification criteria applied along with documentation requirements.“As a leader in the non-QM space, Deephaven embraces innovation that enables us to offer new products through technology that empowers originators for this underserved market,” said Mike Brenning, Deephaven’s CPO. “LoanScorecard fits perfectly with this approach. We are excited about using their technology to empower originators to diversify into new markets, especially those doing non-QM production for the first time.”Non-QM production has more than doubled this year and LOs are turning to the product in record numbers as the conventional market contracts.“When we first engaged with Deephaven, it was clear that our goals in the non-QM lending space aligned,” said Ben Wu, LoanScorecard’s Executive Director. “Deephaven is looking to deploy capital to capture more of the growing non-QM market. IDENTI-FI AUS furthers this goal by making technology directly available to originators at their point of sale, to help them pre-qualify borrowers in real-time.”Originators can access Deephaven’s IDENTI-FI AUS at any time at IdentifiAUS.com. in News, Technologycenter_img Deephaven Mortgage Utilizes LoanScorecard Technology technology 2018-09-26 Seth Welbornlast_img read more