With a series of failures across various formats haunting him and calls for his head getting louder, India cricket captain Mahendra Singh Dhoni is seeking divine intervention to restore his fortunes.Ever since India lifted the 2011 ICC World Cup, the team’s stock as well as that of Dhoni himself has fallen sharply, with India failing to make the final stages of any of the major competitions.Now, as he prepares to lead the Chennai Super Kings at the Champions League T20 tournament in South Africa, Dhoni has gone back to the Deori mata temple on the outskirts of hometown Ranchi, seeking blessings to turn around his fortunes.Dhoni is known to be an ardent devotee of the Goddess from his early days, much before he became famous.Luck, always considered an important part of Dhoni’s ascendance to the top, seems to have deserted the Indian skipper.Once known for his unorthodox and bold decisions, Dhoni has lately appeared to be stuck by rigidity and a fear of losing. Soon after the World Cup triumph, India were whitewashed in Test series in both England and Australia. Things were no better in the shorter format as well as the team faced a rough patch in the CB Series, the Asia Cup and the just concluded T20 World Cup.Apart from Chennai Super Kings, IPL 5 champions Kolkata Knight Riders, Delhi Daredevils and Mumbai Indians are the other Indian teams in the 12-team event.
A Calcutta league match: Grave chargeFootball in Calcutta during the monsoon is always a muddy affair. Last fortnight, however, the mud was both literal and figurative: the Indian Football Association (IFA), the game’s supervisory body, suspended four clubs and their players for five years because they had played two blatantly,A Calcutta league match: Grave chargeFootball in Calcutta during the monsoon is always a muddy affair. Last fortnight, however, the mud was both literal and figurative: the Indian Football Association (IFA), the game’s supervisory body, suspended four clubs and their players for five years because they had played two blatantly fixed matches where the scores were 114-0 and 80-0. The suspension threatens to blow the lid off the murky doings on and off the grounds of football-crazy Calcutta, fixed matches, bought players et al. Warned a spokesman for Victoria Sporting, one of the suspended four, after his club went to court against the decision : “As the case goes on well we will see to it that the whole murky truth about fixed matches comes out and people realise to what extent the IFA bosses and the bigger clubs are primarily responsible for this.”The situation came about because two Third Division teams at the bottom of the table, Indian Boys Athletic Club (IBAC) and International, were on the verge of relegation to the Fourth Division.International had its next match with Juga Shanti and Juga Shanti was reportedly “advised” – International is said to be patronised by some IFA top brass – to lose by a huge margin so that the victors would come above IBAC on the basis of the goal average. The result: International 80, Juga Shanti 0.Unfortunately, IBAC learned of the plot and persuaded rivals Victoria Sporting to let them win, which they did 114-0. As Ranjit Gupta, joint secretary of Victoria Sporting, said: “What happened was terrible for Calcutta football but there was hardly any other way in which we could tell the world about what has been going on here for quite some time now.”Arranged Matches: Only two days before the goal rush, in fact, Samar (Badru) Banerjee had resigned as coach of Barisha Sporting, a First Division team, protesting against its entering into arrangements for fixed matches.advertisement Banerjee, who had captained India in the 1956 Olympics, said: “By conceding so many goals, the two teams have at last effectively told everyone that in Calcutta today football is not played on the field but in the office rooms of clubs. The result of an encounter is settled long before the referee blows the whistle to begin a 70-minute match.” An IFA spokesman admits: “We have all contributed our mite to bring about the present situation. Now it is too late and fair football in Calcutta is surely a thing of the past.”Chuni Goswami, former Indian captain and member of the Mohun Bagan executive committee, gives a graphic picture of the rot: “When two of the three giants like Mohun Bagan, East Bengal and Mohammedan Sporting are running neck to neck for the league championship, they fix games with the smaller clubs who concede games for money which can be anything between Rs 3,000 and Rs 4,000. In the case of smaller teams all fighting relegation, one team is made a target and the others form a syndicate playing drawn games and picking up single points while the target has nobody to turn to. And this happens with the knowledge and often connivance of the IFA which today is packed with people whose primary interest is politicking and have no business to be in the world of sports.”Frustration: The referees apparently know what is going on but do nothing. Says Santosh Sen, secretary of the Calcutta Referees’ Association: “There is no question of my boys taking bribes. Referees getting beaten up is nothing new in Calcutta and that day the two referees would have been beaten to pulp if they had tried to interfere with what was going on in the fields.”The most frustrated lot are, of course, the players. Said one from the smaller First Division clubs: “When I first donned my club’s colours, I had such high hopes. But I soon realised that we had little opportunity of displaying our talents as most of the time we were told by the club authorities not to bother as the match had been fixed to end as a goalless draw. All this is very demoralising for us.”
Suzuki Motorcycle India Private Limited (SMIPL), a subsidiary of one of the world’s leading two-wheeler manufacturers Suzuki Motor Corporation, Japan, has introduced two attractive new dual-tone colour schemes for its bestselling motorcycle – Gixxer.Gixxer carries the DNA and legacy of the GSX-R series, and is the flagship model for Suzuki in India. The motorcycle will now also be available in two dual tone colours – Metallic Triton Blue with Pearl Mirage White (BAQ) and Candy Antares Red with Glass Sparkle Black (APS). These have been inspired by Suzuki’s traditional racing colours.Gixxer also sports exciting new body graphics which gives it an edgy, dynamic look. In addition, the side frames of the bike will be colour-coordinated with its new dual tone schemes. Gixxer also comes with a new key mascot, sporting the iconic Suzuki ‘S’ of the flagship model and premium-looking new clear lens turn signals.According to Mr Atul Gupta, Executive Vice President, SMIPL said, “Gixxer is one of Suzuki’s most successful motorcycles. It has a loyal customer base because of its striking looks, power, ease of handling and the excellent mileage it delivers, thanks to the new SEP technology. We want to give more variety to our discerning young customers by offering Gixxer in two dynamic new colours.”Gixxer is now available in both, dual tone and monotone colour options – Metallic Triton Blue / Pear Mirage White, Candy Antares Red / Glass Sparkle Black, Metallic Oort Grey, Candy Antares Red, Glass Sparkle Black and Metallic Triton Blue. Gixxer comes at a price of Rs 77,166. (ex showroom, Delhi).advertisement
The US, which has accused the Chinese military of lacking in transparency, deliberately distorted Chinas defence policies and unfairly depicted Chinas activities in the East China Sea and South China Sea, a statement issued by Chinese Defence Spokesman ColYang Yujun said.”China follows a national defence policy that is defensive in nature. Moves such as deepening military reforms and the military buildup are aimed at maintaining sovereignty, security and territorial integrity, and guaranteeing Chinas peaceful development,” Yang said, adding that the US side has always been suspicious.Yang stressed Chinas construction on the Nansha Islands in the South China Sea serves mostly civilian purposes and helps fulfil its international responsibilities and obligations by providing more public goods.The South China Sea has become a major flash point for military tensions between China and the US in recent years as Beijing which claims sovereignty over all most all of the South China sea sought to assert its claim by building artificial islands with military facilities.The Philippines, Malaysia, Vietnam, Brunei and Taiwan contested Chinas claims.Backing the small states, the US has so far sent three warships through the waters around the artificial islands to asset the right for freedom navigation.In his statement, Yang said it is the United Stateswhich has been flexing military muscles by frequently sending military aircraft and warships to the region. PTI KJV NSA
Chelsea long-serving captain John Terry has been ruled out for around 10 days with strained ligaments in his foot and will miss Friday’s Premier League clash with Liverpool, the London club said on Tuesday.The 35-year-old, who has played all four of Chelsea’s league games this season, left the Liberty Stadium on crutches in the closing minutes of Chelsea’s 2-2 draw with Swansea City on Sunday. (Also read: Premier League: Controversial Costa scores twice as Chelsea hold Swansea)”John Terry’s injury suffered in Sunday’s game at Swansea is strained ligaments in his foot. He will be out for approximately 10 days,” the club said in a statement on their website (www.chelseafc.com).
Incoming Premier League chief executive Susanna Dinnage has decided not to take up her role with the organisation, sparking a hasty search for a new successor to the post. The top division of English football made the announcement, just over a month after confirming Dinnage as the first female to hold the position, that the Animal Planet global president has elected to withdraw her candidacy. Originally scheduled to replace the outgoing Richard Scudamore, the league’s nominations committee has now been reconvened to find a new figure to fill the role. Article continues below Editors’ Picks ‘There is no creativity’ – Can Solskjaer get Man Utd scoring freely again? ‘Everyone legged it on to the pitch!’ – How Foden went from Man City superfan to future superstar Emery out of jail – for now – as brilliant Pepe papers over Arsenal’s cracks What is Manchester United’s ownership situation and how would Kevin Glazer’s sale of shares affect the club? “Despite her commitment to the Premier League in early November, Susanna Dinnage has now advised the Nominations Committee that she will not be taking up the position of chief executive,” a Premier League statement read. “The Committee has reconvened its search and is talking to candidates. There will be no further comment until an appointment is made.” Dinnage, who has been with the Discovery network, the owners of Animal Planet, since 2009, had been set to assume her new role early in the new year. At the time, she said: “The Premier League means so much to so many people. It represents the pinnacle of professional sport and the opportunity to lead such a dynamic and inspirational organisation is a great privilege.” Upon her appointment, Nominations Committee chairman Bruce Buck had added: “We had a very strong field, but Susanna was the outstanding choice given her track record in managing complex businesses through transformation and digital disruption. “She is a leading figure in the broadcasting industry, a proven business executive and a great developer of people. She is ideally suited to the role and we are confident she will be able to take the Premier League on to new heights.” BBC and Sky Sports have both reported Dinnage will instead remain in her role at Discovery. A season-ticket holder at Fulham, Dinnage originally ran the company’s British operations, including heading up the Eurosport channel and overseeing their acquisition of coverage rights for the Olympic and Winter Olympic Games. She was also a leading contender in 2017 to assume the chief executive role at Channel 4. Check out Goal’s Premier League 2019-20 fantasy football podcast for game tips, debate and rivalries.
Check out Goal’s Premier League 2019-20 fantasy football podcast for game tips, debate and rivalries. Manchester City boss Pep Guardiola praised Ole Gunnar Solskjaer’s “incredible” start as caretaker manager at Manchester United.Solskjaer has won his opening five matches after replacing Jose Mourinho in December – equalling Matt Busby’s record in a 2-0 FA Cup victory against Reading last week.The 45-year-old Norwegian – appointed until the end of the season – could surpass Busby’s record with victory against Tottenham in the Premier League on Sunday. Article continues below Editors’ Picks ‘There is no creativity’ – Can Solskjaer get Man Utd scoring freely again? ‘Everyone legged it on to the pitch!’ – How Foden went from Man City superfan to future superstar Emery out of jail – for now – as brilliant Pepe papers over Arsenal’s cracks What is Manchester United’s ownership situation and how would Kevin Glazer’s sale of shares affect the club? Solskjaer seems to have already restored a feel-good factor at Old Trafford following the ill-fated reign of Jose Mourinho, and he is now a contender for the permanent managerial vacancy.When asked about Solskjaer following Manchester City’s 9-0 humiliation of Burton Albion in the first leg of the EFL Cup semi-finals on Wednesday, Guardiola told reporters: “His start is much better than mine, I lost my first game and drew the second [after being appointed in 2016].”He won all the games. He is a young manager, getting incredible results. I saw a few minutes of games they played and they played good.”But it is not my business to talk about other opponents, we have a tough game around the corner against Wolves.”It will be a tough game. We have one day off and then prepare for the game.”Good job, fellas! 9-0 #cityvbafc #mancity pic.twitter.com/itt0x7AW2U— Manchester City (@ManCity) January 9, 2019Premier League champions City are second in the league, four points behind leaders Liverpool and 12 ahead of sixth-placed United.If United can beat Spurs this weekend they could close the gap on fourth placed Chelsea in the race for the final Champions League spot, while Guardiola’s men are back in action against Wolves at the Etihad.
AUSTIN, TX – OCTOBER 21: The Texas Longhorns cheerleaders perform during the game against the Oklahoma State Cowboys at Darrell K Royal-Texas Memorial Stadium on October 21, 2017 in Austin, Texas. (Photo by Tim Warner/Getty Images)2020 cornerback Jahari Rogers has been picking up offers from across the country, but the Texas Longhorns have been recruiting him hard. Now that he’s narrowed down his list a little, he’s addressed how Texas has been recruiting him.Speaking to Horns247, Rogers revealed that Texas has been particularly honest with him, and values that in a coaching staff. He also stated that he feels the relationship with the Longhorns is strong.“They’re real with me,” he said. “That’s what I want in coaches with my recruitment. They show a lot of love, and they speak nothing but the truth to me. That really is eye-opening when other people don’t. With them, it’s different. I feel more of a trust with them, and it’s a strong relationship.”Rogers is a four-star prospect and is rated the No. 248 overall prospect by 247Sports. He is considered the No. 20 cornerback in the country, and the No. 41 prospect from the state of Texas.Per the report, Rogers has identified Texas, Arkansas, Florida, Georgia Tech, and Oklahoma has his standout schools.Rogers spoke especially glowingly about Texas assistant Ra’Shaad Sample. He stated that Sample would likely support him regardless of whether he chose the Longhorns.“He’s probably the biggest person over there that I really trust,” he said. “He saw me before everybody else did. He’s really just cool with me. Even if I didn’t go to Texas, he would still probably have my back, hand I feel that. Just having him over there makes me feel comfortable with Texas.”Horns247 reported that Rogers is eyeing June 22 as a visit date to the Texas campus.He has already completed visits with Arkansas and Florida.[Horns247]
Advertisement Advertisement Login/Register With: Facebook TORONTO — Mirvish Productions says it’s cancelling plans to attempt the world’s largest screech-in at a Toronto performance of “Come From Away” due to complaints from people in Newfoundland.The theatre company said earlier this week that it wanted to celebrate the province’s unique culture by staging “a big group screech-in” at a performance of the Newfoundland-set musical, “Come From Away.”Since then, Mirvish says “many people in Newfoundland” took exception to the ceremony occurring outside of the province that created the tradition. A screech-in is a traditional Newfoundland welcoming ceremony that involves downing a type of rum, kissing a codfish and reciting a short speech full of local expressions.Mirvish says it has heard the concerns “loud and clear” and apologizes.Instead, Mirvish says it will send one couple from each of the four performances running July 5 to July 7 to Gander, N.L., to experience an official screech-in on Newfoundland soil.“In our enthusiasm we took a misstep and we apologize,” Mirvish said Friday in a statement.“Come From Away,” written and created by Canadian couple Irene Sankoff and David Hein, tells the true story of how the tiny town of Gander welcomed more than 7,000 stranded airline passengers after 9/11.Mirvish had planned to enlist the entire audience following the evening performance July 6 at the 1,000-seat Elgin Theatre, saying every audience member would get a small fake plastic cod to kiss and a shot to drink at the end of the show. The shot options were to be real screech or ginger ale.Brian Mosher, a former Gander teacher/broadcaster who inspired the character of Janice Mosher in the musical, was set to officiate and have a bag of soil from the province during the ceremony to make it legitimate, said Mirvish.After the ceremony, participants were to receive certificates saying they’re honorary Newfoundlanders.The formal ceremony largely evolved in the 1970s as a form of entertainment for tourists.Some consider the screech-in a manufactured tradition, but folklorist Philip Hiscock argues its roots go farther back, to informal guest ceremonies in the 1940s and initiation rituals performed on sealing vessels and other ships.The Canadian Press LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement Twitter
Paul Godfrey, chief executive of Postmedia Network Canada Corp., prepares to speak at a press conference in Toronto, Monday, Oct. 6, 2014. Postmedia says it plans to reduce its salary costs by 20 per cent through voluntary staff buyouts, adding that layoffs are possible if its target isn’t met. THE CANADIAN PRESS/Hannah Yoon Postmedia plans to cut salary expenses as quarterly loss nearly doubles by Aleksandra Sagan, The Canadian Press Posted Oct 20, 2016 10:57 am MDT Last Updated Oct 21, 2016 at 7:20 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email TORONTO – Postmedia said Thursday it plans to reduce its salary costs by 20 per cent through voluntary staff buyouts, adding that layoffs are possible if that target isn’t met as it announced net losses that nearly doubled in its most recent quarter.Staff have until Nov. 8 to apply for the buyouts, the company said, with reductions coming from all levels and operations.The newspaper chain announced the cost-cutting measure as it reported a fourth-quarter loss of $99.4 million or 35 cents per diluted share. That’s up from a loss of $54.1 million or 19 cents per diluted share for the same period a year ago.Revenue for the quarter ended Aug. 31 totalled $198.7 million, down from $230.2 million. Postmedia attributed most of the revenue loss to a 21.3 per cent drop in print advertising and eight per cent fall in print circulation.For its full financial year, Postmedia said it lost $352.5 million or $1.25 per share on $877.2 million in revenue. In the previous year, it lost $263.4 million or $1.98 per diluted share on $750.3 million in revenue.“We must accelerate the transformation of our business operations to align our cost structure with our revenue outlook,” CEO Paul Godfrey told analysts and media in a conference call.Under the buyout plan, employees are eligible to receive three weeks’ pay for every year worked, up to a maximum of 78 weeks, said Paul Morse, president of Unifor Local 87-M, which represents some Postmedia employees. The offer is capped at $150,000, he said, and will be paid as a salary continuance, rather than a single payment.About 4,000 full-time equivalent employees work for Postmedia, said Phyllise Gelfand, the company’s vice-president of communications, in an email. That’s down from 4,733 as of Aug. 31, 2015, according to company documents.The newspaper industry has struggled with declining ad revenue for years, but 2016 has been particularly brutal for the business.But the president of CWA Canada, a union representing about 6,000 media workers, said Postmedia is using declining print advertising as a scapegoat for the financial problems caused by its large debt.“The real problem with Postmedia is its debt,” Martin O’Hanlon said in a statement.Postmedia completed a restructuring earlier this month that reduced its total debt by about $307 million and its annual cash interest expense by approximately $50 million.In January, Postmedia cut 90 jobs and merged newsrooms in four cities, but maintained separate newspapers in each location following its acquisition of Sun Media’s English-language newspapers and digital properties last year.Those layoffs were part of cost-cutting measures as the company aimed to reduce its annual operating expenses by $80 million. Postmedia said Thursday it’s just $5 million shy of reaching that goal, which it expects to do by the end of the first quarter of its 2017 financial year.The anticipated buyouts or eventual layoffs are “incremental” to that target, said chief financial officer Doug Lamb during the conference call.Godfrey told analysts and the media when the debt restructuring plan was announced that the company still had work to do to operate in a challenging industry — a sentiment he echoed Thursday.“While the debt burden has been significantly reduced, we continue to operate in a very disrupted industry,” he said. “Competitive pressures and revenue challenges persist.”He said the company is trying new initiatives to bring in revenue.This year, the company struck deals withthree financial technology companies, Agility Forex Ltd., Mogo Finance Technology Inc. and FundThrough, for revenue in exchange for ad space.Follow @AleksSagan on Twitter.Note to readers: This is a corrected story. A previous version said Postmedia’s fourth-quarter ended Aug. 21.
“Please note that not all the allegations have been fully verified and many are still in the preliminary assessment phase,” he told journalists at UN Headquarters in New York, adding that these quarterly updates are part of the Secretary-General’s initiative to “increasing transparency” on this issue.Of those 64 allegations, six involved peacekeepers, 33 involved personnel from UN agencies, funds and programmes and another 25 concerned non-UN staff working with organisations implementing UN programmes.Most of the reported incidents – 30 of them – allegedly took place in 2018; another 15 are said to have happened in the years going back to 2015. The date is unknown for 19 of the allegations reported.Out of 77 reported victims, the overwhelming majority are women (42) and girls (24), while two men and one boy also report having suffered from SEA. The age or gender of the remaining eight survivors is unknown.The vast majority of them, 55, suffered from what is categorized as sexual exploitation, defined as “any actual or attempted abuse of a position of vulnerability, differential power, or trust, for sexual purposes, including, but not limited to, profiting monetarily, socially or politically from the sexual exploitation of another”.Another 16 are considered to have suffered from incidents categorized as sexual abuse, defined as “the actual or threatened physical intrusion of a sexual nature, whether by force or under unequal or coercive conditions”.Another four were classified as of an unknown nature, and two were unsubstantiated following an investigation.The alleged perpetrators are 66 men, one woman, and two individuals whose gender is unknown.Of the 39 allegations related to UN personnel, one was not substantiated, 22 are at various stages of investigation, and 16 are under preliminary assessment to determine whether there is sufficient information to investigate.Regarding the 25 allegations relating to non-UN implementing organisation staff, two have been substantiated through an investigation and the perpetrators were dismissed by their employer. One allegation was not substantiated, 14 are at various stages of investigation, seven under preliminary assessment and one allegation was closed at the request of the victim.“The efforts to implement the Secretary-General’s strategy to combat sexual exploitation and abuse continue to be strengthened,” said Spokesperson Dujarric.In September, a Circle of Leadership, embodying world leaders’ commitment to eradicating SEA across the UN system was launched. As of today, 49 heads of State and Government, 22 heads of UN entities and 72 global leaders have joined the movement. In addition, over the past few weeks, an electronic tool called “Clear Check,” developed to screen UN staff dismissed as a result of substantiated SEA allegations, or who resigned or were separated during an investigation, started being rolled out across the entire UN system.
Back in November 2009 Epic Games decided to make its Unreal Development Kit completely free to use. That way it could be picked up by an individual or indie team with little to no money to spend on their first project.Epic is in the business of making money, though, so while the engine was free to use some royalty payments kicked in after a time. Non-commercial use remains free forever, but if you sold a game Epic would start claiming a 25% royalty after said game had accrued more than $5,000 in revenue.AdChoices广告While it still allowed a developer to make some serious cash with a popular game, $5,000 was still quite a low threshold for royalty payments. So yesterday Mark Rein, CEO of Epic, announced on the Unreal Development Kit forums that the threshold for royalties had been lifted. Now instead of $5,000 a game can earn $50,000 before Epic want a cut.In the post Rein explains:We’re really excited about folks making some amazing things with UDK and we realize that a lot of you are just started in the business so not having to pay royalties on your first $50,000 should help you get a financial footing toward building a quality game development business. Developers using the Unreal Engine are understandably very happy about this news, which some are appropriately stating is “epic”.Read more at Unreal Development Kit forums, via Gamesindustry.bizMatthew’s OpinionEpic clearly see this free access to the Unreal Engine as an investment in the future. Those developers using it today for free may be paying customers in the future with large teams of developers requiring a license.The threshold increase also makes sense from a long-term viability standpoint. If a small developer starts losing 25% of its income past $5,000 then the chances of them growing are cut. Give them $50,000 per game, though, and there may be money in the bank to fund a new, and bigger project. In the end Epic end up with more paying customers who have grown out of this program.
Macau’s gaming tax revenue soars through April RelatedPosts Load More The public surplus now sits at MOP$15.7 billion, up 20.8% over the same time last year and representing 227% of the government’s 2018 surplus budget. The Macau government raised MOP$23.6 billion through direct taxes on the gaming industry in the three months to 31 December 2018, a 17.7% increase on the MOP$22.3 billion in gaming taxes accrued during the same period last year.The figure represents 84.5% of all revenue brought in by the government for the first three months of the year, with total revenue for the period coming in at MOP$31.1 billion. It also means that the government has already accrued 29.6% of its budgeted revenue for 2018 including 31.9% of budgeted gaming revenue. Macau gaming tax revenue up 24.7% in January and February
The group, called Free Hot Soup Kansas City, consists of volunteers who had prepared vats of chili, foil-wrapped sandwiches and vats of soup to hand out to the homeless population.They told reporters the bleach did not deter some of the homeless from attempting to salvage the food afterward.Organizers argue they should not have to get permits to serve food because they are not a food establishment or a not-for-profit group. According to the Kansas City Star, they say they are “just friends who want to help people.” KANSAS CITY, Mo. (WSVN) — Health department officials in one Missouri city poured bleach on food meant to be served to homeless people — because volunteers didn’t get permits.KCTV reports inspectors simultaneously shut down large picnics across Kansas City on Sunday, Nov. 5th, dumping all of the prepared food into bags and soaking them in bleach so no one could sift through to eat any of it.Health department officials said the food could have put people at risk.“E. coli or salmonella or listeria can grow in the food,” department director Rex Archer told Fox 32. “And then you give that to homeless people who are more vulnerable, they will end up in the ER and even die from that exposure.” So do I need to get a permit and have proper food handling training to have a picnic with my friends in a city park?Of course not.See how stupid KC looks on this one?— CB🐧⚓ (@CharlotteBrecks) November 6, 2018Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. But the city’s mayor sided with the health department, tweeting, “Rules are there to protect the public’s health, and all groups must follow them, no exceptions.”Free Hot Soup volunteers says they will not be deterred, and plan to continue their mission — on private property.
A cross country skier from Fairbanks is taking on the world’s best. Alaska Pacific University team member Reese Hanneman, who grew up in Fairbanks, will compete for the U.S. Ski Team in World Cup races in Europe over the next month.Download Audio
Mallapur: Corporator Pannala Devender Reddy inaugurated park in Shakthi Sai Nagar on Tuesday. He called upon residents and people from the adjacent colonies to utilise the park. Sri Ramulu, Prasad, SV Srinivas, Ramaiah, Venkatesh, T Srinivas Goud, Pr Praveen, division president Corporator inaugurates park.
Check names of banks placed under RBI’s Prompt Corrective ActionIANSEleven of India’s 21 state-run banks are now under the scanner of Reserve Bank of India (RBI) over the issue of non-performing assets (NPA). These 11 public sector banks (PSBs) are placed under the RBI’s Prompt Corrective Action (PCA), which is intended to encourage banks to improve operational efficiency.PCA generally restricts lending activities of the banks. Capital adequacy ratio (CAR), net NPAs, and return on assets (RoA) of the banks are examined by the central bank to put a bank under PCA. Since April last year, 11 banks have been put under the corrective action framework.Banks put under the PCA framework are:Allahabad BankUnited Bank of IndiaCorporation BankIDBI BankUCO BankBank of IndiaCentral Bank of IndiaIndian Overseas BankOriental Bank of CommerceDena BankBank of MaharashtraGovernment sources reportedly also confirmed that more banks are expected to be brought under the PCA framework because of their deteriorating performance.According to the rating agency ICRA, five banks that could be brought under the PCA are Andhra Bank, Punjab National Bank, Canara Bank, Union Bank and Punjab & Sind Bank and these PSBs might join the PCA list in the near future.According to an Indian Express report, small and medium type of enterprises will face the cash crunch due to the central bank’s PCA move. “Since the PCA framework restricts the amount of loans banks can extend, this will definitely put pressure on credit being made available to companies especially the MSMEs. Large companies have access to the corporate bond market so they may not be impacted immediately,” a senior banker told Indian Express. Bankers feel that if more state-owned banks are brought under PCA, it will impact the credit availability for the MSME segment, the report added.
The ongoing enterprise/business/startup saga is: how to improve efficiency by reducing costs and overhead without sacrificing performance? I deal with this on a daily basis. Trade-offs are inherent in any business decision-making process, and it is often through new developments (i.e., technology) that the optimal solution arises. I’m an early adopter for these exact reasons. So much new tech is constantly being built to create efficiencies and support business processes.For enterprises in industries ranging from digital identity verification to supply chain tracking, that answer has frequently resulted in a specific iteration of blockchains: enterprise blockchains.They are more attuned to conventional business models and are subject to many of the same liabilities as business-operated software systems, such as a cloud-based database network. For example, a consortium of banks leveraging a blockchain as a settlement layer. See: the IBM-powered CLS that was launched last year.Facebook’s recently launched Libra network is another example of a consortium-based network, with the underlying blockchain serving as the thread that connects the firms participating. Enterprise-oriented startups have made significant headway in recent months, so what exactly are the areas where they can make an economic impact? Digital identity verification and securityLook no further than recent Facebook scandals or what seems like an endless barrage of data impropriety among major tech firms to understand the significance of mitigating their control over user data. But how do you reconcile user data sovereignty with identity systems?Several firms believe that enterprise blockchains can provide the solution.For example, MaxonRow is an identity dependent mainchain that allows token issuance, and an identity chain which confers control of user data directly to the user. Users can selectively reveal their data to third-parties and use of the system can be governed using whitelisting and hash-based identifiers. This allows identity built into the blockchain, without worrying about third-parties gaining access to personal information. Importantly, MaxonRow ensures the ecosystem will be able to comply with government KYC/AML requirements. Their identity verification system enables governments or regulators to act as the ultimate arbiter of identity validity and allows enforcement and audit when necessary. Blockchain-based identity solutions have garnered significant attention for several years, in large part a consequence of their congruency with cryptography and new technologies like IPFS that leverage hash-based identifiers. However, identity solutions based on permissionless networks such as Ethereum are sure to rub governments the wrong way, as they could be wielded to conceal information on illegal actors.Some digital identity services, such as Civic, are built on Ethereum, but their traction has faltered so far, and enterprise-based systems seem poised to grab more regulatory support.Digital banking and open finance Despite the rising narrative of decentralized finance (DeFi) in the broader cryptocurrency space, DeFi presents some problems and faces some critical hurdles to its widespread adoption. For example, the popular over-collateralized lending services, MakerDAO, saw its stability fee rate near 20 percent following the inability of its stablecoin, Dai, to maintain its 1:1 peg with the USD. A product of its inability to scale, MakerDAO highlighted how with only a subset of users within an esoteric field, DeFi products struggle to remain operational in times of high user numbers. This is aptly demonstrated by services such as BlockFi, which is a hybrid of conventional credit systems and DeFi, that has emerged as popular alternatives to MakerDAO and is not subject to scaling woes. Similarly, Mt Pelerin, a Swiss-based digital banking startup, is bridging DeFi with the conventional banking system. The goal is to bring an entire bank’s balance sheet on-chain, creating a blockchain-based banking ecosystem, but under the umbrella of meeting government regulatory requirements.Though built on a permissionless network like Ethereum, Mt Pelerin is an authorized financial intermediary in Switzerland and can help expedite the operational process of issuing tokenized assets to the public for small and medium enterprises and other firms wishing to raise funds. Other initiatives, such as Ripple’s RippleNet product for global payments and liquidity, are more attuned to the needs of conventional banking requirements, based on the XRP token. It is uncertain at this point which path (i.e., permissioned versus permissionless) will come to dominate the transition towards more open financial products, but it seems that solutions bridging the old with the new are positioned the best. Supply chain trackingLogistical networks are massive, convoluted endeavors that span global consortiums of businesses and require minute details on the timing and conditions of product shipping. As a result, blockchains have emerged as an ideal solution for increasing efficiency and transparency in the industry.From Accenture reports on the effectiveness of blockchain-based supply chain tracking in the food sector to the rise of enterprise networks like VeChain, the compatible fit of blockchains and logistics is manifest. In particular, enterprise blockchains have gained an advantage over permissionless solutions so far. For example, VeChain’s hierarchical governance system is representative of a conventional business, and its blockchain acts as the shared ledger for validating and tracking products (i.e., luxury fashion) across the globe. Numerous entities can join and participate, but they undergo a verification process, and specific sets of data are made accessible to select portions of the network. Tracking food, retail products or medical supplies via a consortium (i.e., enterprise) blockchain empowers businesses to reduce transaction overhead. They can even monitor the real-time metrics and environmental conditions of products using technologies such as NFC and RFID tags that upload hash-identified data directly to the blockchain.Anonymity technologies and better scalability solutions may make permissionless networks a viable medium for tracking high-value assets in the logistical field one day, but for now, enterprise blockchains seem to have the advantage.Enterprise and public blockchains come with different value propositions. In terms of pure cryptocurrencies, public blockchains are the undisputed leader, primarily deriving from their ability to mediate trust across an open network of participants.Conversely, enterprise networks are more of a compromise between the underlying technology of cryptocurrencies, blockchain and the standard regulatory and business requirements of contemporary times. Camps supporting both sides have compelling arguments, and we will likely see an ecosystem where both types of networks can flourish side by side. Register Now » 6 min read July 12, 2019 Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Opinions expressed by Entrepreneur contributors are their own. Growing a business sometimes requires thinking outside the box.
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