Kejriwal Sisodia to accompany senior citizens on pilgrimage to Vaishno Devi

first_imgNEW DELHI: Delhi Chief Minister Arvind Kejriwal, his deputy Manish Sisodia and their families will join a group of senior citizens for pilgrimage to Vaishno Devi on July 20, being organized under the “Mukhyamantri Tirth Yatra Yojana”. Interacting with pilgrims selected under the scheme, Kejriwal said the Delhi government-funded pilgrimage scheme is the most sacred of all the works done by his dispensation so far.The Chief Minister will launch the Delhi government’s first and fully-funded religious pilgrimage on July 12 by flagging off a train ferrying 1,000 pilgrims on the Delhi-Amritsar-Wagah Border-Anandpur Sahib tour circuit. The second tour on the Delhi-Vaishno Devi-Jammu corridor, will be from July 20 to 24. “Manish Sisodia and I, along with our families, will join you (pilgrims) for the Delhi-Vaishno Devi pilgrimage on July 20 to take blessings of Vaishno Devi,” Kejriwal told the gathering and slammed accused his political opponents for “indulging in politics over this scheme”. Also Read – Bangla Sahib Gurudwara bans use of all types of plastic itemsThe Chief Minister also said that he would ensure every senior citizen in Delhi gets at least one pilgrimage in his life. There are five corridors selected under the scheme so far — Delhi-Mathura-Vrindavan-Agra-Fatehpur Sikri, Delhi-Haridwar-Rishikesh-Neelkanth, Delhi-Ajmer-Pushkar, Delhi-Amritsar-Wagah Border-Anandpur Sahib and Delhi-Vaishno Devi-Jammu. Under the scheme, the government will bear the entire expenditure for all pilgrims, including air conditioned train travel, accommodation, meals and other arrangements. One attendant above the age of 21 can accompany each pilgrim. The government is also planning to expand the scheme and has received requests for Tirupati Balaji, Rameshwaram and Shirdi pilgrimage.last_img read more

Nova Scotia premier expresses support for supply management in dairy poultry

first_imgHALIFAX – Nova Scotia’s premier is reiterating his support for Canada’s supply management system in the dairy and poultry sectors, saying the province doesn’t want it bargained away in trade talks with the U.S.Following a cabinet meeting Wednesday, McNeil said his government’s stance on supply management has been consistent because the system has worked well for Nova Scotia’s dairy and poultry farms.“Those are the agricultural sectors that have sustainability,” he said. “We have seen some positive growth in those sectors, so we’re going to continue to make sure our voice is heard at the national level when it comes to supply management.”The premier was asked whether farms would survive the system’s demise as a result of trade talks.“They would look very different for sure,” is all McNeil would say.McNeil said although President Donald Trump has said provocative things on the issue, he remains optimistic that an acceptable overall trade deal can be worked out in the end.However, Trump has continued to denounce supply management in recent days as “very unfair”. The system is meant to protect Canada’s dairy, egg and poultry industries and levels tariffs of up to 300 per cent on American imports of those products.In response, Prime Minister Justin Trudeau has vowed to defend the system.Meanwhile, McNeil said his government is also keeping an eye on any potential developments in the auto sector that could have effects on Michelin Tire’s operations in the province.The French-based tire giant has three plants in Nova Scotia and employs more than 3,200 workers, according to the company’s website.“We trade a billion dollars worth of tires every year… so we need to make sure that product is protected,” McNeil said.He said growing concerns over cross-border trade were part of the reason he travelled to Michelin headquarters in France last November.McNeil said he was reassured at the time of the company’s continued commitment to the province.As far as continued talks with the U.S., McNeil said he hoped a conversation at the table based on facts will “win the day.”“With 35 of the states, we are the number one trading partner,” McNeil said of Canada’s dealings with the U.S.“You are now starting to hear voices of American citizens who are talking about the fact that we need to continue to develop a positive relationship between Canada and the United States.”Nova Scotia exports about $1 billion worth of seafood products alone to U.S. markets.last_img read more

Woman arrested after LGBTQ group protests at Hamilton mayors house

first_imgThe Canadian Press Hamilton police say they’ve made an arrest after a group of LGBTQ demonstrators showed up at the mayor’s house Friday morning.Police say about 20 protesters showed up at Mayor Fred Eisenberger’s house at about 7:15 a.m., banging on the door and planting signs on the lawn that said, “Mayor doesn’t care about Queer People.”They say they’ve since laid numerous charges against a 33-year-old woman, including theft under $5,000, criminal harassment and mischief. They say the woman was not granted bail.The protest follows an altercation at a Hamilton Pride event earlier this month that saw a physical confrontation between attendees and two anti-Pride groups that has led to five arrests.Video of Friday morning’s protest that was posted on social media, including on Eisenberger’s own Twitter account, shows demonstrators shouting and playing instruments.Eisenberger tweeted that he and his family were woken up by the disturbance, which he called “unacceptable.”“This morning, my family and I were awoken to over 20 agitators at my home, yelling profanities, leaving signs on my lawn and banging on my door,” Eisenberger wrote on Twitter.“Harassment of my family, my neighbours or anyone is crossing the line.”last_img read more

Stars Share The Love At MakeAWish Valentines Ball

first_imgA host of celebrities attended the Make-A-Wish Valentine’s Ball on Saturday night, held at The Dorchester in London.Christopher Biggins at Make-A-Wish BallCredit/Copyright: Make-A-Wish Foundation UKA great night was had by all, with guests enjoying cocktails and a superb three-course dinner from Executive Chef Henry Brosi. Attendees included Christopher Biggins, who acted as auctioneer, singer/actress Holly Candy (nee Valence), who looked glamorous as she arrived with husband Nick, and former model Linda Lusardi and her husband, former Brookside actor Samuel Kane.Nick and Holly CandyCredit/Copyright: Make-A-Wish Foundation UKFormer The Only Way Is Essex star Amy Childs arrived on the arm of her boyfriend David Peters, while Dancing On Ice 2010 winner Hayley Tamaddon attended with her actor friend Dan Brocklebank.Amy Childs with boyfriend David PetersCredit/Copyright: Make-A-Wish Foundation UKAlso in attendance was former Strictly Come Dancing professional Camilla Dallerup who arrived with her husband, former Hollyoaks actor Kevin Sacre – and ex-Daybreak presenter Dan Lobb came along for the fun, too.Entertainment was provided by the cast of the West End show The Bodyguard, with performances also from Stella Mann’s Musical Theatre Students.Source:Make-A-Wish UKlast_img read more

Egypt Police Kill 40 Terrorists After Vietnamese Tour Bus Attack

Rabat – A roadside bomb hit a tourist bus on Friday in Greater Cairo, near the Giza Pyramids, killing three Vietnamese tourists and their Egyptian guide, Egypt’s Public Prosecutor Nabil Sadeq said in a statement.The explosion injured 10 other Vietnamese tourists and the Egyptian bus driver, according to Egypt’s State Information Service.The bomb exploded at 6:15 p.m. local time when the bus was travelling in the Marioutiyah area near the pyramids, the ministry said. The tourist bus was reported to be carrying up to 14 Vietnamese tourists.The tourists were heading to “a sound and light show at the pyramids,” which they had visited earlier in the day, said Lan Le, 41, who was also on the bus, according to Reuters.“We were going to the sound and light show and then suddenly we heard a bomb. It was terrible, people screaming,” Le told Reuters. “I don’t remember anything after.”The Vietnamese tourist was speaking at Al Haram Hospital, where the injured tourists were taken.Vietnam has called on Egypt to determine those responsible for the attack.“Vietnam is extremely angered by and strongly condemns this act of terrorism that killed and injured innocent Vietnamese people,” the foreign ministry spokeswoman, Le Thi Thu Hang, said in a statement.“Vietnam requests that Egypt promptly launch an investigation into the case and track down those responsible.”Read Also: Terrorist Attack in Mosque in Egypt Kills at Least 235 WorshipersOne day later, police kill 40 ‘terrorists’After the deadly attack, the interior ministry announced that security forces had killed 40 terrorists in a fire exchange in two separate operations on Saturday.The security forces carried out the operations as part of a crackdown on three terrorist hideouts in Giza, southwest of Cairo, and Sinai, northeastern Egypt, according to the ministry’s statement.The police killed 30 terrorists in two hideouts in Giza and killed 10 others in a third hideout in the El-Arish governorate in northern Sinai. The police also arrested 11 suspects and seized a number of weapons and explosives at the hideouts, according to the statement.The terrorists were planning to commit terror attacks during celebrations of the New Year and Christmas, against state institutions, Christian places of worship, the Egyptian armed forces, and police sites. Egypt’s Coptic Christians traditionally celebrate Christmas on January 7.The interior ministry did not state whether any of the killed or arrested terrorists were linked to the Friday attack on the tour bus. read more

FROM THE FIELD Ecowarriors fight climate change in South Africa

The youthful warriors have supported rubbish clean-up campaigns around their schools, eliminating over 1000 illegal dumping sites. © SGP South Africa and Future Leaders of Change | Through the SGP support the Climate Change Warriors Project (CCWP) was able to establish six small-scale conservation agriculture co-operatives and coordinate youth training on sustainable agriculture. ​​​​​Other students have established agricultural co-operatives and learnt how to farm sustainably in the face of the effects of climate change and the degradation of the environment.On International Youth Day which is marked annually on 12 August, find out here how South Africa’s youth are mobilizing to take climate action.The Projects in South Africa are supported by UNDP’s Small Grants Programme. read more

Greffe de peau nouvel espoir pour les grands brûlés

first_imgGreffe de peau : nouvel espoir pour les grands brûlésAustralie – Des chercheurs australiens seraient parvenus à créer de la peau humaine en laboratoire. Une avancée scientifique qui pourrait changer la vie des grands brûlés.D’après l’annonce faite par la porte-parole de la Sydney Burns Foundation, la peau créée en laboratoire serait parfaitement fonctionnelle. L’épaisseur naturelle de son épiderme la rendrait aussi plus élastique, une caractéristique permettant d’effectuer des greffes de peau de meilleure qualité. A ce jour, les grands brûlés peuvent bénéficier de greffes de portions de peau venant d’une autre partie du corps ou cultivées en laboratoire à partir de leurs propres cellules. Problème : le manque d’épaisseur de la peau “la prive de toute élasticité, empêche la transpiration, la régulation thermique et toute forme de métabolisme comme c’est le cas pour une peau normale” d’après le professeur Peter Maitz, de l’université de Sydney. La porte-parole a également précisé que cette peau était pleine d’imperfections puisqu’elle ne produisait ni transpiration, ni poils, et qu’elle ne permettait pas aux influx nerveux d’être correctement acheminés. De plus, trois semaines étaient nécessaires pour produire une surface suffisante d’épiderme, un délai trop long qui pouvait entraîner la déshydratation de la victime et lui faisait courir des risques d’infection accrus.  Suite à cette avancée scientifique, les chercheurs souhaitent dans un avenir proche effectuer des greffes sur des animaux pour tester la fonctionnalité de la peau.  En 30 ans, les progrès médicaux ont permis aux victimes brûlées à 90% de pouvoir survivre. Désormais, les chercheurs cherchent les moyens d’améliorer leur qualité de vie en s’associant à la chirurgie esthétique et réparatrice. Le 6 avril 2010 à 10:49 • Emmanuel Perrinlast_img read more

Police seek help finding missing California man

first_img Police are seeking the public’s help in finding a missing California man who has a serious medical condition and who might be in the Portland area, according to the Portland Police Bureau’s Missing Persons Unit.Edwin “Eddie” Brown-Kuhn, 54, was recently reported missing in Santa Cruz County, Calif., and police say they believe he traveled to Portland during the past week.Police said that if Brown-Kuhn’s medical condition is left untreated, it “could seriously jeopardize his welfare,” according to a Portland police news release.Police described Brown-Kuhn as a white man with blond hair and blue eyes, 5-foot-11 and 160 pounds. He recently drove a 2002 Ford F-150 pickup truck with a canopy and California license plates, but the vehicle has since been found, police said.Anyone who knows Brown-Kuhn’s whereabouts is asked not to approach him, but to immediately call 911.Anyone with additional, non-emergency information about the case is asked to contact Portland Police Detective Mike Weinstein at 503-823-0446 or mike.weinstein@portlandoregon.gov. Police believe Edwin “Eddie” Brown-Kuhn, who was reported missing in California, might still be in the Portland area.last_img read more

No More Adobe Flash for Mobile Browsers

first_imgThe Player will live on in the desktop environment, specifically in gaming and higher quality video. “We are already working on Flash Player 12 and a new round of exciting features which we expect to again advance what is possible for delivering high definition entertainment experiences,” says Winokur. As HTML5 gradually becomes the standard for mobile content interactivity on the Web, Adobe’s Flash platform is on its way out as a mobile browser experience. Adobe confirmed as much in a blog post today following ZDNet’s scoop that the company was pulling the plug on Flash Player development for browsers on mobile devices. You’ll recall that Apple famously snubbed Adobe by deciding not to support Flash in its iOS, instead pinning future development growth on the emerging HTML5 standard for its open, rather than proprietary, development support. As of now, Adobe has for the most part come around to the same conclusion.”HTML5 is now universally supported on major mobile devices, in some cases exclusively,” says Danny Winokur, Adobe vice president and general manager, interactive development, in the post. “This makes HTML5 the best solution for creating and deploying content in the browser across mobile platforms. We are excited about this, and will continue our work with key players in the HTML community, including Google, Apple, Microsoft and RIM, to drive HTML5 innovation they can use to advance their mobile browsers.”Going forward Winokur says Adobe will increase its investments in HTML5 while allowing developers to build native apps using Adobe AIR for all the app stores. In the mobile world, Flash Player 11.1 for Android and BlackBerry Playbook will be the last version.last_img read more

Apple Watch getting its own App Store

first_img Best Buy See also See It WWDC 2019 Tags WWDC 2019 Apple Event Walmart WWDC 2019: A quick visual recap of Apple’s Worldwide Developers Conference keynote reading • Apple Watch getting its own App Store See it Jul 5 • RIP, iTunes. This is what happens to your Apple music now News • Apple Watch Series 4 vs. Galaxy Watch Active: What’s the best smartwatch? Jun 14 • Apple Music vs. Apple Podcast vs. Apple TV: What’s the difference? CNET may get a commission from retail offers. The new Watch App store will roll with the release of WatchOS 6. However, there’s no word yet when WatchOS 6 will arrive (we’ll update this story as soon as we find out). But Apple did preview the Watch App Store store at WWDC 2019 and showed off several new apps, including an audiobooks app, language translator, calculator, sports and health apps, as well as new Watch Faces. apple-watch-store-2Some of the new independent Watch apps coming soon. Screenshot by David Carnoy/CNET Read: New iPad feature to compete with laptops on track for Apple’s iOS 13 2:20 Jun 30 • iOS 13 and iPadOS public betas: How to download and install them now App store coming to Apple Watch Comment $349 Screenshot by David Carnoy/CNET Apple has managed to sell a lot of Apple Watches, but one of the complaints some users have is that there’s no native app store for the Watch — you have to find iOS apps that are compatible with the Watch. Well, that’s about to change, as Apple has announced an app store for the Watch, with its own independent apps that you can search for and download right on your Watch. Wearable Tech Tablets Wellness This is a developing story. Follow our WWDC liveblog, and see all of today’s Apple news. See It Preview • Apple Watch Series 4 review in progress (updated) Review • Apple Watch Series 4 review: ECG, and a lot of refinements How To • How to use the Apple Watch ECG app Apple Watch Series 4 See All 46 Photos $399 $413 See It Apple • Share your voice Now playing: Watch this: Apple iOS 13: New Siri voice, camera tools, Dark Mode for iPhone New Mac Pro makes its debut, starts at $5,999 Apple gives the iPad its own OS Returning to Apple’s WWDC after 20 years, now with 5 OSes instead of 1 Get all the latest from WWDC $349 1 Aug 19 • iOS 13 and iPadOS: How to join the beta, use the best new features on your iPhone and iPad Mentioned Above Apple Watch Series 4 GPS (40mm silver aluminum case, white sport band) Applelast_img read more

Texas Senate Approves School Finance Reform Bill But Opts Not To Fund

first_imgJuan Figueroa/The Texas TribuneLt. Gov. Dan Patrick speaks from the dais in the Senate chamber last month.The Texas Senate on Monday approved a bill to massively overhaul public school finance, but did so while backing away from a proposal to use an increased sales tax to lower school district property taxes.After an hours-long debate on dozens of proposed changes, the Senate voted 26-2 on House Bill 3, which under the version passed by the upper chamber would increase student funding, give teachers and librarians a $5,000 pay raise, fund full-day pre-K for low-income students, and lower tax bills.The House and Senate will have to negotiate their significant differences over the bill — including how to offer teacher pay raises and property tax relief — in a conference committee before it can be signed into law.“When you’re doing something as complex as this, there’s going to be something you don’t like,” said state Sen. Larry Taylor, R-Friendswood, the bill’s author, anticipating tension throughout the day’s debate.Since school districts levy the majority of property taxes in Texas, many lawmakers have been seeking ways to help reduce those portions of Texans’ tax bills. But since the state is required to ensure school districts have enough money to educate students, any tax relief effort would have a significant cost — requiring the state to reimburse schools, if they’re unable to collect enough from local property taxes.Taylor had originally included several provisions that would provide ongoing tax relief, paid for by an increase in the sales tax by one percentage point.Republican leaders, including Gov. Greg Abbott, had thrown their support behind that sales tax swap, arguing it would help Texans who are currently being taxed out of their homes. But the proposal has serious detractors in lawmakers from both parties in both chambers who are opposed to a higher sales tax.So Taylor stripped the increase from HB 3 and offloaded some of the more expensive property tax relief provisions in the bill. The bill no longer includes an expansion in the homestead exemption from school district taxes. It lowers property tax rates by 10 cents per $100 valuation, instead of 15 cents, saving the owner of a $250,000 home $250 instead of $375.The legislation would still limit the growth in school districts’ revenue due to rising property values, a proposal pitched before session began by the governor. School districts that see their property values significantly increase would have their tax rates automatically reduced to keep tax revenue growth in line. That would now start next year, instead of in 2023.“The bill before us today has no linkage to the sales tax and is not contingent upon a sales tax,” Taylor said.Instead, the bill creates a separate “Tax Reduction and Excellence in Education Fund” to fund school district tax relief. State Sen. Kirk Watson, D-Austin, said a working group came up with a plan to get $3 billion from several sources, including the severance tax on oil and gas extraction and an online sales tax.“This does not increase any taxes of any kind,” he said.A few senators didn’t vote yes on HB 3 because they didn’t know the cost of the bill or how their school districts would be affected by it.“The lack of a fiscal note delineating the total cost of the bill was unacceptable,” said state Sen. Charles Schwertner, R-Georgetown, who voted against the bill along with state Sen. Brandon Creighton, R-Conroe.Creighton echoed those concerns about not knowing the legislation’s price tag, though he said he agreed with its policy.“Before the session ends, I will have another chance to vote on the final bill, and I look forward to supporting it once I have a clear understanding of the impacts on school districts in Senate District 4, and the true cost of the legislation, which will have implications for all Texas taxpayers,” he said in a statement after the vote.State Sens. Angela Paxton, R-McKinney, Paul Bettencourt, R-Houston, and Bob Hall, R-Edgewood, marked themselves “present, not voting.”The House and Senate have passed versions of HB 3 that are similar in some ways: Both would raise the base funding per student — a number that hasn’t budged in four years — and would provide about $780 million for free, full-day pre-K for eligible students.Among the disagreements: how to make sure school employees get much-needed raises. The Senate has prioritized $5,000 pay raises for all full-time teachers and librarians. The House has directed districts to give all school employees about $1,388 in raises on average statewide and designated extra money for raises to be given at districts’ discretion.Senate Democrats’ efforts to extend those $5,000 raises to full-time counselors and other employees failed along party lines Monday.Also controversially for some, the Senate includes money providing bonuses to schools based on third-grade test scores and funding districts that want to provide merit pay for their top-rated teachers. Many teacher groups have opposed both, arguing it would put more emphasis on a flawed state standardized test.State Sen. Beverly Powell, D-Burleson, failed to get an amendment to the bill approved that would strike tying any funding to third-grade test scores.Teachers, parents and advocates following on social media had paid attention to Powell’s amendment, mobilizing in support through a Twitter hashtag “#NoSTAARonHB3.”Taylor pointed out that the bill also allows school districts to use assessments other than the state’s STAAR standardized test, which has lately come under renewed scrutiny, with researchers and advocates arguing it doesn’t adequately measure students’ reading abilities. He approved an amendment requiring the state to pay for school districts to use those alternative tests, which he estimated would cost about $4 million.Emma Platoff contributed to this story. It was originally published on The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues.  Sharelast_img read more

Cardinals Tally 53 Win over UIC in NCAA Championship Opener

first_imgStory Links McDonnell then handed the ball to McAvene, and the UofL closer handled the rest. The right-hander blew away the first two hitters he saw and put an exclamation mark on the night by hitting triple digits on his final pitch that secure his seventh save. Next Game: Illinois State 6/1/2019 | 4:00 PM Listen Live Watch Live Full Schedule Roster Live Stats The Cardinals surged in front for the first time in the very next inning. Tyler Fitzgerald doubled up against the wall in left to open the frame and a check swing from Alex Binelas turned into a thing of beauty. The dribbler up the third base line netted the freshman a base hit, but the catcher’s attempt to throw him out bounced into right field, bringing Fitzgerald home to give the Cardinals the lead. Preview Photo Gallery Fitzgerald had the only multi-hit performance of the night for the Cardinals, going 2-for-4 with a pair of runs. Oriente had the home run and drove in three. Print Friendly Version Later in the inning, Lucas Dunn scalded a ball down the first base line that got through the legs of the first baseman, allowing Zach Britton to score and knotting the game up at three apiece. Bryan Hoeing recorded the final out of the sixth and pitched a clean seventh before turning the ball over to Michael Kirian. The sophomore pitched a perfect eighth, but allowed a walk and a double to lead off the ninth to put the tying runs in scoring position with nobody out. PDF Box Score Louisville (44-15) advances to take on third-seeded Illinois State on Saturday at 4:00 p.m., ET at Jim Patterson Stadium. The Redbirds hung on for an 8-7 victory over Indiana in the first game of the day Friday. While Bennett was in the process of retiring 12 straight, Oriente doubled Louisville’s advantage with a sacrifice fly in the fifth, and the pitching staff made the two-run lead stand up the rest of the way. Postgame Quotes ESPN3 Louisville stole some of the momentum in the bottom half of the second though, as Oriente connected on a two-run homer to straightaway centerfield to bring the Cardinals back within one. The long ball was the first of the year for the junior and just the second of his career. Despite the final score, it was UIC (29-22) that jumped out to the early advantage. The Flames launched a solo home run on the fourth pitch of the game and added two more runs in the second to lead the home team 3-0 after one-and-a-half. “You have to earn everything in the postseason,” head coach Dan McDonnell said. “It wasn’t easy tonight, but we earned it, and we did enough to win. It’s not about being pretty, and it’s not about playing perfect baseball at this time of year. You just compete, and grind it out, and do enough to win, and survive and advance. Bennett (7-3) started slow for the Cardinals, but retired 12 straight between the second and sixth innings to earn the victory. The junior allowed three runs in 5.2 innings to move into ninth place on Louisville’s career wins list with the 20th of his career. LOUISVILLE, Ky. – Nick Bennett turned in a strong start, Danny Oriente hit his first home run of the season, and Michael McAvene emphatically slammed the door shut as the Louisville baseball team defeated UIC 5-3 in Friday night’s NCAA Regional opener at Jim Patterson Stadium.last_img read more

Questions and answers on the European Central Bank

first_imgFRANKFURT, Germany (AP) – The European Central Bank is the monetary authority for the 17 countries that use the euro currency. The eurozone has the world’s second largest economy after the United States, with annual output of (EURO)9.41 trillion, or $11.75 trillion, and a population of 331 million.Here are some questions and answers about the ECB.Q: What are the origins of the ECB?A: The ECB was established by the Treaty on European Union signed on Feb. 7, 1992. The treaty laid the groundwork for the shared euro currency. New high school in Mesa lets students pick career paths The president and the vice-president then appear at a news conference at 2:30 p.m. CET (8:30 EDT, 13:30 GMT). The president reads a statement and takes questions from journalists.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) More Valley freeways to be closed this weekend for improvements Comments   Share   Q: What about other important issues, like creating jobs?A: The ECB is supposed to pursue economic growth and job creation, as well. But only if that doesn’t get in the way of its mission to control inflation.That means the ECB has less flexibility than other central banks, such as the U.S. Federal Reserve, which treats inflation control and job creation as equally important missions.Q: Who runs the ECB?A: The ECB is run by a 23-member governing council and a six-member executive board, both chaired by President Mario Draghi.The executive board runs the bank’s operations day-to-day.The governing council is made up of the six executive board members and the 17 heads of the of the eurozone’s national central banks.Q: Why does Europe still have national central banks?A: They execute the monetary policy operations decided by the ECB, such as lending to banks With ECB permission, they can also make emergency loans at their own risk to their banks.Q: How does the council make decisions?A: Meetings are chaired by Draghi. Council members vote and usually seek to make decisions unanimously or by broad consensus.The bank issues its interest rate decision at 1:45 p.m. Central European Time (7:45 EDT, 12:45 GMT) via electronic link to information services used by financial professionals. It holds a simultaneous conference call where the news is given verbally. The information is then reported by the news media. 5 greatest Kentucky Derby finishes Sponsored Stories center_img Men’s health affects baby’s health too Think Tank analyzes the second round of Democratic debates The ECB’s precursor, the European Monetary Institute, started work in 1994 to prepare for the euro. It became the European Central Bank on June 1, 1998, six months ahead of the launch of the currency on Jan. 1, 1999.Q: What is the ECB’s job?A: The ECB issues the euro currency. Only it can authorize printing and circulation of euro banknotes.Its primary economic policy job is keeping inflation under control. The bank aims to keep the inflation rate less than, but close to, 2 percent.The ECB also provides credit to the 7,500 licensed banks and money market funds in the eurozone, should they need it. Banks must put up collateral such as government bonds to get that money.Q: How does the ECB keep prices stable?A: The ECB’s main tool in fighting excessive inflation is interest rates.It can raise or lower its benchmark rate, called the refinancing rate, which is what banks pay to borrow from the ECB. That in turn influences the rate at which banks lend to companies and consumers.Lower rates make it cheaper for people and companies to take out a loan to buy a house or expand a business. That can fuel inflation by increasing demand for goods and services.The ECB can step on the growth gas pedal by lowering rates, and it can hit the brakes on inflation by raising rates. Meghan McCain to release audiobook on conservatism, family Top Stories 5 treatments for adult scoliosislast_img read more

Sydney Airports strategy flying high

first_imgThe main tenets of the plan are to upgrade road and rail access to the airport.  “We’ve already commenced planning work on improving traffic flow and reducing congestion to the airport, including a new road and exit for T1,” Sydney Airport chief executive officer, Kerrie Mather said.  Sydney Airport has won a significant commercial victory with the Abbott Gorvernment’s approval of its Master Plan 2033. The decision potentially puts the development of a second Sydney Airport at risk because the Master Plan allows for integration of Sydney Airport’s domestic and international terminals. This means more planes could fit into an upgraded airport, thereby reducing the need for another airport at Badgery’s Creek.  “The remaining ground transport works – including a new one-way ring road for the T2/T3 precinct – are expected to be completed by 2018, with works commencing shortly.”center_img The airport is expected to have 74 million visitors by 2033.  Source = ETB News, T.N.last_img read more

Fitch Foresees Revival of Securities Market as QM Rule Rolls Out

first_img While the mortgage market continues its slow trod toward recovery–with distressed liquidations and delinquencies on the decline–industry participants await the final word from lawmakers on one key issue affecting the future of their businesses. [IMAGE]The “”Consumer Financial Protection Bureau””:http://www.consumerfinance.gov/ has expressed its intent to announce its final decision on what constitutes a qualified mortgage (QM) this year. This, in turn, will give the industry some insight into what can be expected to define a qualified residential mortgage (QRM), according to “”Fitch Ratings.””:http://www.fitchratings.com/web/en/dynamic/fitch-home.jsp””Finalization will, at a minimum, provide clarity to the market and allow institutions, particularly banks, to assess the costs of re-entering the market,”” said Suzanne Mistretta, senior director at Fitch. In addition to anticipated announcements regarding the QM and QRM, Fitch said “”key announcements”” from the “”Federal Housing Finance Agency””:http://www.fhfa.gov/ “”are supportive of a housing and mortgage market recovery.”” Those “”key announcements,”” according to Fitch, include new guidelines for representations and warranties and a streamlined short sale process. Meanwhile, “”[i]nventory is declining and distressed liquidations have sharply dropped while mortgage delinquencies are improving for most sectors,”” Mistretta said. Despite the overall positive movement in markets across the country, a closer look reveals some markets continue to outpace others. Detroit, Phoenix, and Atlanta have improved markedly, while New York and New Jersey are still hindered by “”a backlog of distressed inventory and long liquidation timelines.”” Share Fitch Foresees Revival of Securities Market as QM Rule Rolls Out Agents & Brokers Attorneys & Title Companies Fitch Ratings Investors Lenders & Servicers Mortgage-Backed Securities RMBS Service Providers 2013-01-08 Krista Franks Brockcenter_img January 8, 2013 427 Views in Data, Secondary Marketlast_img read more

Watch fans are invited to discover Corums firste

first_imgWatch fans are invited to discover Corum’s first-ever boutique in the world located on an avenue that is fast becoming one of the most famous places to be: The Watchavenue. Visit www.thewatchavenue.com/?corum to experience a symbolic representation of the watch brand, accompanied by the Golden Bridge, a model launched in 1980 and marked in watch making history for creating the first baguette movement, patented by CORUM.A watch selector function allows you to find the CORUM model you are looking for in a few clicks. Looking for a watch with a titanium casing and a rubber bracelet? The site offers 15 CORUM watches that match your criteria.last_img read more

Olusegun MimikoOn

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