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Announces Rs 1 crore reward hotline access for informers of insider trading

first_imgMumbai: With an aim to uncover insider trading cases, regulator Sebi on Wednesday announced a new mechanism to reward informants with up to Rs 1 crore cash for any credible inside information through a specially created hotline and also proposed a possible amnesty or settlement for minor wrongdoings in return for cooperation in the probe. At a meeting held here, Sebi’s board approved a detailed set of rules for the new ‘Informant Mechanism’ under its Prohibition of Insider Trading (PIT) Regulations. Also Read – Thermal coal import may surpass 200 MT this fiscalHowever, these benefits would only be available to individuals and corporates, and professionals like auditors will not be able to use this route as they are duty-bound to report any wrongdoing. The Sebi regulation seeks to curb insider trading to protect the interest of investors at large and defines ‘insider trading’ as trading of securities while in possession of unpublished price-sensitive information. The insider trading is mainly carried out in a clandestine manner and the wrongdoers typically use proxies for communicating the relevant information and for executing the trades. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostAs any direct evidence of such communication is seldom available easily, the detection and prosecution of insider trading remains a challenge. Officials said it is imperative for Sebi to employ all legitimate means to detect insider trading and initiate action at the earliest to instill confidence among investors and ensure integrity of the market. But, Sebi faces several challenges in establishing links and procuring proof while probing insider trading cases, due to which investigation into such cases takes much longer time than in other cases of market manipulation. To strengthen its investigation and enforcement mechanism, the new mechanism will incentivise people having personal knowledge of insider trading cases and report the same to the watchdog. The new mechanism has been prepared after taking into account the feedback Sebi received on a public discussion paper floated in June. Under the proposed amendment to Sebi’s PIT Regulations, an informant would need to submit a Voluntary Information Disclosure Form (VIDF) detailing credible, complete and original information related to an act of insider trading, including communication of unpublished price-sensitive information or trading in violation of rules that has occurred, is occurring or is about to occur. It would be mandatory to disclose the source of information and attach an undertaking that it has not been sourced from a person employed with Sebi or any related regulator.last_img read more

Fiscal restraint will continue as Manitoba works toward balanced budget premier

first_imgWINNIPEG – Manitoba Premier Brian Pallister says his Progressive Conservative government’s upcoming budget will cut income taxes and ambulance fees, while also moving the province further toward a balanced budget.And although the province will be getting more money from federal equalization payments and a new provincial carbon tax slated to take effect this year, Pallister says his efforts on fiscal restraint — including cuts to some services — are not over.“I think that maintaining fiscal discipline, balancing a budget … is a job that’s never done,” Pallister told The Canadian Press.“We have an obligation to maintain a responsible and strong government that makes Manitobans confident that their finances are going to be more stable … that their services are going to be safer, more secure. And that’s not a today challenge, and it’s over, and suddenly there’s good news coming out.”Last year, the Tories began tying tax brackets and the basic personal exemption — the amount of money people can earn before they start paying income tax — to the rate of inflation. Manitoba’s basic personal exemption is $9,271, the lowest rate west of Prince Edward Island.Pallister said the March 12 budget will raise the exemption faster than inflation as a step toward putting Manitoba’s exemption close to the national average. That was a promise in the 2016 election.The budget will also put up more health-care money so that ambulance fees can be further reduced, Pallister said. The Tories campaigned on a promise to halve the fees, which ranged up to $500, and have made some progress on that file.“We want Manitobans to get the care they need, especially when it’s an emergency,” Pallister said.The premier has some financial wiggle room as he tries to keep his promises and reduce Manitoba’s $779-million deficit. Equalization payments from Ottawa are set to jump $217 million this year. The carbon tax slated for later this year is expected to raise another $260 million annually.The province will also get a slice of tax revenue on marijuana once recreational cannabis is legalized.The Opposition New Democrats say Pallister could use some of the revenue “windfall” to reverse cuts to front-line services. Recent changes include a reduction in a subsidy for sleep-apnea patients, consolidation of emergency departments in Winnipeg and a 0.5 per cent public-school funding increase that the teachers union says falls far short of maintaining the status quo.“Pallister is more focused on budget cuts and the spreadsheets that he’s looking at than on the services that families in Manitoba rely on,” NDP Leader Wab Kinew said.Kinew pointed to a Conference Board of Canada report that said Manitoba’s economic growth is slowing, something he blames on the government’s spending restraint.Pallister said he has no choice but to keep a tight rein on spending because he inherited a series of deficits from the former NDP government that led to two international credit downgrades.He also said he is determined to cut certain taxes to bring Manitoba in line with other provinces.“Manitobans value health care but they also know that if taxes keep going up, they’re going to have less money to secure the finances of their family and that’s not a good thing.”last_img read more

The City of Toronto and OCASI – Ontario Council of Agencies Serving

first_imgAdvertisement LEAVE A REPLY Cancel replyLog in to leave a comment Facebook Advertisement The City of Toronto and OCASI have joined forces to launch a public education campaign to raise awareness about the persistence of anti-black racism socially, politically and economically.“Racism might not show up as overtly as in previous decades, but it’s still present and evident,” said Councillor Michael Thompson (Ward 37 Scarborough Centre). “Toronto’s motto is Diversity Our Strength. The City, as government, has a duty to create a welcoming place for all Torontonians whether they are new or life-long residents, regardless of race, religion or culture, which will allow them to prosper.”“Black people continue to face marginalization, discrimination and racism when it comes to employment, housing, access to services, and in many other areas of daily life,” said Debbie Douglas, Executive Director of OCASI. “It’s essential for us to create a Toronto For All that dispels any form of discrimination and racism and provides equal opportunities for all our residents.” Login/Register With:center_img Advertisement #BlackinTO: Toronto’s anti-Black racism campaign launches today (CNW Group/Ontario Council of Agencies Serving Immigrants – OCASI) Twitter Racial profiling persists in many aspects of daily life for Black Torontonians. Black youth continue to drop out from the educational system at higher rates than their white classmates. Black people are over represented among those living in poverty. And, the number of Black youth is alarmingly and disproportionately high in remand, youth detention facilities and jails.“Anti-Black racism is at the root of the social and systemic disadvantages facing far too many Black Torontonians,” said Anthony Morgan, a social justice lawyer and advocate in Toronto’s Black community. “This much-needed campaign reminds us that there is no progress without precision. It does so by showing us that multiculturalism, inclusion, equity and diversity can never be truly realized without naming and engaging anti-Black racism head on.”The campaign created by the public relations firm Public Inc. centres around bus shelter posters with powerful visual images which address anti-Black racism in employment and housing situations.The posters direct people to the campaign website, www.torontoforall.ca which provides information and resources to encourage dialogue, and to question and challenge anti-black racism.This is a continuation of the City’s partnership with OCASI. Phase 1 of the Toronto for All campaign ran in the summer of 2016 and focused on anti-Islamophobia. The campaign successfully encouraged dialogue amongst residents and the media in Toronto, nationally and internationally.OCASI is the umbrella organization for immigrant and refugee-serving agencies in Ontario.SOURCE Ontario Council of Agencies Serving Immigrants – OCASIlast_img read more

Two Hindu Sena men arrested for forcibly shutting meat shops

first_imgGururgam: Four days after Hindu Sena men, armed with rods, sticks, and swords, forced meat shops to close in wake of the Navratri, Gurugram police have arrested another two accused, including a history-sheeter with 19 cases registered against him.The duo has been identified as Rajesh and Pramod. Rajesh, earlier, has been booked under 420 (theft), 120 (criminal conspiracy) 279 (rash driving), 337 (endangering the safety of others) of the Indian penal code. Also Read – After eight years, businessman arrested for kidnap & murderEarlier the law enforcement officials had arrested Rakesh and Mohit in the case and were charged under sections 148 (rioting with deadly weapons), 149 (unlawful assembly), 506 (criminal intimidation) and 25-54-59 of the arms act. While the police continue to cracks down on the rogue elements, most of the citizens have defied the meat ban in the city. There are shops and restaurants which are selling their inventories as a sizable number of customers are coming to buy non-vegetarian items. Also Read – Two brothers held for snatchingsHowever, certain big shops, which are registered with Gurugram meat market union, have closed their shutter for Navratri and have also announced that their shops will be closed on every Tuesday. Owners of these meat units have maintained that they have taken this decision out of respect for religious sentiments than fear of rogue outfits. “Some of my colleagues decided to not open their shops during Navratras as they felt it was not appropriate for them to hurt the religious sentiments. But, I have decided to open my shop as I have been getting customers from all religious communities. Ultimately it depends upon your choice and intent. Who are we to hurt any one’s religious sentiments,” said Shakib who operates a meat shop near Jama Masjid in Sadar Bazaar area. Additionally, most of the small meat shops have decided not to buckle under fear, and continue with their business. At the Sikanderpur meat mandi, there are meat units open even in scorching heat. “We do not have proper space for selling our items. For many, the place may be unhygienic and dirty. But, the Sikanderpur Mandi has its loyal customers. The meat sellers over here have not buckled under the fear of powerful builders. How can we be cowed down by few rogue elements?” said Tariq. Not far from the meat mandi, the famous roadside Biryani restaurants were also functioning in Sikanderpur area. “We have been getting a lot of customers even during Navratras. Even though there is a slight reduction at the end of the day, we still break even during Navratras,” said Ashfaq, an employee at Al-Shaifa Biryani restaurant.last_img read more

Egypt car bomb at police building kills 14

first_imgBy Haitham el-TabeiMansoura — A powerful car bomb tore through an Egyptian police headquarters Tuesday, killing at least 14 people, in an attack the military-installed authorities said is aimed at derailing a democratic transition.Hours after the bombing in Mansoura, a city north of Cairo, prime minister Hazem Beblawi labelled the Muslim Brotherhood, the banned movement of ousted president Mohamed Morsi, a “terrorist” group, though the premier did not blame the organisation for the blast. The movement itself strongly condemned the attack, one of the deadliest in Egypt since the military deposed Morsi in July.The bombing comes just weeks ahead of a referendum on a new constitution billed as the first major step towards democracy after the Islamist leader’s overthrow.The bomb ripped through the multi-storey police headquarters in Mansoura shortly after 1:00 am, killing at least 14 people and wounding more than 100, officials said.“The majority of the casualties are from the police,” said Omar al-Shawatsi, the governor of Daqahleya, of which Mansoura is the capital.Daqahleya security chief Sami El-Mihi was wounded in the blast and two of his aides were killed, security officials said.The massive explosion — whose impact was felt about 20 kilometres (21 miles) away — stripped off the facade of the building and caused part of its solid structure to cave in.The wreckage of an armoured police car was nearby, while at least 10 civilian cars were damaged and a nearby building completely collapsed, said an AFP correspondent at the scene.Angry residents of the area vented their fury on Morsi’s Brotherhood movement.“The Muslim Brotherhood is an international terrorist organisation. They are responsible for what happened in Mansoura,” said Hamada Arafat, a school teacher.“They are now adopting tactics like Al-Qaeda.”Prosecutors and officials say the Brotherhood has links with Islamist militants who have stepped up attacks on security forces across Egypt, but mainly in the restive Sinai Peninsula.“This is a more sophisticated attack than previous ones. It could be a sign of things to come… the insurgency in Sinai is becoming emboldened and extending attacks outside the Sinai,” said Shadi Hamid, research director at the Brookings Doha Center.Brotherhood condemns bombingBeblawi said the bombing was an attempt to thwart the country’s steps towards democracy, and declared the Brotherhood a terrorist group.“Prime Minister Beblawi has declared the Muslim Brotherhood as a terrorist organisation,” state news agency MENA quoted his spokesman as saying.The declaration could have significant political impact ahead of the referendum, but will not have much legal impact as the group has already been banned by an Egyptian court.In a separate statement carried by MENA, Beblawi later said: “Terrorism will not succeed in derailing the implementation of the road map”, but did not mention the Brotherhood by name.Interior minister Mohamed Ibrahim visited the site of the blast and told reporters Egypt “will not be scared, on the contrary it will reinforce our determination to fight the terrorists”.The Brotherhood condemned the bombing “in the strongest possible terms”, and also lashed out at Beblawi.“It is no surprise that Beblawi, the military junta’s puppet prime minister, has decided to exploit the blood of innocent Egyptians through inflammatory statements designed to create further violence, chaos and instability,” it said in a statement.The 85-year-old Brotherhood, a political and social movement, prevailed in a series of polls following the overthrow of longtime dictator Hosni Mubarak in 2011, and Morsi became the country’s first freely elected leader after winning elections last year.But since his ouster Egypt has been caught in a spiral of violence.He was removed from power after massive street protests against his turbulent one-year rule, with millions accusing him of power-grabbing and economic mismanagement.More than 1,000 people have since been killed in a crackdown, including hundreds on August 14 in Cairo when police stormed two protest camps of his Islamist supporters.The crackdown has seen thousands of Islamists, including the Brotherhood’s entire leadership, arrested.After Morsi’s ouster, the military-installed authorities announced a road map for a democratic transition.On January 14 and 15 the country is to hold a constitutional referendum — the first step in the plan.The charter, if approved, is to be followed by parliamentary and presidential elections by mid-2014.last_img read more

Jordans Queen Rania Launches MOOCs for Children in Arab World

Rabat – Queen Rania of Jordan has presented Edraak K-12, her educational platform for children in the Arab world. She released it at a press conference Monday, September 17.Edraak K-12, which caters to school-aged children throughout the Arab World, is an expansion of Edraak.org, the leading Arabic Massive Open Online Courses (MOOCs) platform for adult learners. Through her new project, the wife of King Abdullah II aims to democratize modern teaching methods and offer children in the region alternatives in the Arabic language on her platform.“We started by launching math materials for grades six to twelve, but we are not stopping here because our students deserve much more than this,” she said.“Today, the internet is replete with e-learning resources that students around the world can utilize in conjunction with their core school curricula as means for revision, practice or learning support. Unfortunately, most of these resources are in English, and hence Jordanian and Arab students are likely to miss out,” she added. Queen Rania explained that the students will be able to learn a lot on the platform which is easy to access via phone or tablet. With MOOCs, children can watch lessons with school curricula and assess their knowledge through exercises. “I urge parents and teachers to introduce their children and students to the world of online learning and encourage them to capitalize on the K-12 platform. After all, it was built for them,” she explained. Several firms were present at the press conference, including Samsung, which donated 100 tablets to help promote the platform. read more

Top official says UN making progress on improving efficiency and coordination

2 October 2009The United Nations has taken a significant step to avoid duplication and strengthen coordination between nine departments and agencies in so-called rule of law activities, a complex field ranging from peacebuilding and the environment to counter-terrorism and dealing with human rights abuses, Deputy Secretary-General Asha-Rose Migiro said today. This is the first year that the Rule of Law Coordination and Resource Group, which Ms. Migiro chairs, is implementing the Joint Strategic Plan, a results-oriented road map setting out targeted initiatives and outcomes for the next three years, the first of its kind in the rule of law field, she told the General Assembly in an informal briefing.“Strengthening the rule of law is central to achieving the UN vision for a just, secure and peaceful world,” she declared. “While we have far to go, I am pleased to be able to update you on the initiatives taken to date.”These include the development of guidance notes for key cross-cutting issues, such as rule of law assistance at the national level, justice for children, and constitution-making.A note on transitional justice is being prepared outlining the principles and framework for a common UN approach to increase system-wide effectiveness. The Group is currently developing a system-wide training programme to reinforce such an approach.Another major goal is reinforcing global action for the rule of law at the national and international levels. The Group recently began consultations with national leaders from developing countries who have played a key role in rule of law development, seeking to give voice to their views, including on donor assistance, to inform future policy-making.Since 2006, the Group has brought together principals from all relevant UN departments and agencies to help ensure policy coherence at the very highest levels across the UN system.“Already, we can see the fruits of this initial labour. Still, we have far to go to achieve our ambitious agenda,” Ms. Migiro said. read more

UN committee to examine inscription requests for lists on intangible cultural heritage

A press release issued today by the UN Educational, Scientific and Cultural Organization (UNESCO) details the programme of work for the ninth session of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage, which opened today at UNESCO’s headquarters in Paris with more than 950 participants, and will continue through Friday. “The vitality of this Convention and the interest it meets prove that many countries now recognize intangible heritage as a tool that can ensure sustainable development and that they integrate ever more fully its safeguarding in their development and planning programmes,” said UNESCO Director-General Irina Bokova in a news release leading up to the session’s launch.The Committee will start examining requests for inscription on the two lists of intangible cultural heritage: the List of Intangible Cultural Heritage in Need of Urgent Safeguarding and the Representative List of the Intangible Cultural Heritage of Humanity.Specifically, intangible cultural heritage consists of living cultural traditions, including oral traditions, performing arts, social practices, rituals, festive events, knowledge and practices concerning nature and the universe, or the knowledge and skills to produce traditional crafts.The 24-member Committee, which is chaired by José Manuel Rodríguez Cuadros of Peru, is in charge of implementing the 2003 Convention for the Safeguarding of the Intangible Cultural Heritage, which to date numbers 161 States Parties.“The Convention for the Safeguarding of the Intangible Cultural Heritage is ambitious, generous and, in many respects, ground-breaking,” said Alfredo Pérez de Armiñán, Assistant Director-General of UNESCO for Culture. “It recognizes communities as the main players in identifying and safeguarding intangible cultural heritage and calls on all States Parties to practice true cultural democracy, which is very promising for the future of all societies; for their cohesion and sustainability,” he added.During this year’s session, the Committee is scheduled to examine 8 nominations to the List in Need of Urgent Safeguarding and 46 nominations to the Representative List.The nominations for inscription on the UNESCO List in Need of Urgent Safeguarding, which is composed of intangible heritage elements whose vitality is at risk and whose safeguarding is regarded as a matter of urgency, represent Cambodia, Croatia, Ethiopia, Honduras, Kenya, Pakistan, Uganda and Venezuela. The list numbers 35 elements to date.In addition, there are 46 nominations to the Representative List, which aims to enhance the visibility of communities’ traditions and knowledge without recognizing standards of excellence or exclusivity. That list has 281 elements to date.Among other activities, the Committee will also examine 27 periodic reports on the implementation of the Convention and 8 reports on an element inscribed on the Urgent Safeguarding List.For his part, Chairperson Rodríguez Cuadros welcomed “the great number of participants, unprecedented since the adoption of the Convention, which shows the importance given to our Convention, both nationally and internationally.” read more

Thunderbolt exclusive to Apple until 2012 Will anyone care by then

first_imgJust like clockwork Apple released a string of updates to their MacBook Pro line today. The big news surrounding these updates wasn’t the faster, more powerful processors, improved switching between graphic cards, or a surprising lack of Blu-ray support in this refresh. The big news was Apple’s collaboration with Intel to include a new type of device communication connector into their line up.Originally dubbed Light Peak, and inexplicably renamed to Thunderbolt, the technology has the ability to really change the way that we connect things to our computers. While it was originally believed that the connector Apple was using for Thunderbolt would be exclusive to them, it seems Intel’s relationship with Apple will make all of Thunderbolt exclusive  until 2012.During Intel’s Thunderbolt press conference this morning, while showing off some of the great new features of this technology including its Swiss Army like functionality with other types of I/O devices, it was revealed that Apple would be the only computer manufacturer with this technology until 2012. According to Intel, Thunderbolt boards will not be added to existing computers by an expansion card as Thunderbolt chips need direct access to both the systems video and PCI express architectures.AdChoices广告How long will it be before Thunderbolt is really a daily use technology? Thunderbolt can’t be added to existing computers and for the next year new Thunderbolt users will only belong to a relatively small portion of the PC market comparatively. Intel announced third-party support from a dozen or so companies today, will that really be enough to cause a change in the market? Will this exclusivity cause excitement and anticipation, or will Thunderbolt miss most of the market like FireWire before it?Read more at AppleInsiderlast_img read more

Dublin motorist who killed young mother during a microsleep appeals jail term

first_img By Ruaidhrí Giblin Dublin motorist who killed young mother during ‘a micro-sleep’ appeals jail term Dublin man Anthony Handley was jailed for two years. Tweet thisShare on FacebookEmail this article Jan 17th 2017, 6:04 AM No Comments Short URL http://jrnl.ie/3189965 26,900 Views A MAN WHO killed a young mother and seriously injured her 15-week-old child when he hit them with his car while in “a micro-sleep” has moved to appeal his two-year prison sentence.Dublin man Anthony Handley (64), of Whitethorn Grove, Artane, had pleaded guilty at Dublin Circuit Criminal Court to dangerous driving causing the death of Olivia Dunne (31) and serious bodily harm to Éabha Dunne in Balbriggan on 17 January, 2014.Gardaí believe Handley drifted off momentarily before his off-road SUV veered from the road and hit the two victims. He had no alcohol or drugs in his system.Sentencing Handley to two years imprisonment on 10 May, 2016, Judge Patrick McCartan said he was a good man with a blameless record but he should have been alert to the fact that he was becoming tired behind the wheel.He said he was imposing the two-year sentence “to send out the clear message to the community that fatigue must be a phenomenon in the minds of all drivers.” He also banned Handley from driving for ten years.Opening an appeal against sentence yesterday, Handley’s barrister, Ken Fogarty SC, said the sentencing judge placed significant emphasis on the Road Safety Authority’s campaign on driver fatigue.But the only evidence, in so far as it was evidence, was an indication by Handley that he had felt something of that nature fifteen minutes beforehand, Fogarty said.That indicator, from a man who said he had no knowledge of the incident, should not have allowed the other investigative functions of the State to fall by the wayside.Fogarty said people plead guilty for a variety of reasons and the events which gave rise to the incident were “still being talked about”.Counsel said Handley had led a completely blameless life and never had any problems with the gardaí. He was the main carer for his estranged wife who Handley had stayed with, Fogarty said.Counsel for the Director of Public Prosecutions, Roisin Lacey SC, said Handley’s guilty plea was accepted on the basis that there had been warning signs even though he was not able now to recollect.Sleep deprivation Lacey said there was no evidence of a “stroke” and the incident did not involve an unexpected medical episode.There was evidence of “definite” sleep deprivation. She said Handley had just four hours sleep the night before. He had been to the gym that morning for a spinning class which, Lacey said, “are not for the fainthearted”.Lacey said that since the RSA campaign, road users have been highly cautioned about driver fatigue.In response, Fogarty said there was no evidence of “advertence” on Handley’s part of what was about to happen.Reserving judgment, Justice George Birmingham, who sat with Justice Alan Mahon and Justice John Edwards, said the court hoped to deliver its decision as soon as possible.Comments are disabled because legal proceedings are ongoing. Read: Pat Whelan fined €3k for failing to keep proper record of fraudulent €8m loan >Read: Man (21) to appear in court over serious assault in Offaly > Image: Shutterstock Tuesday 17 Jan 2017, 6:04 AM Share1 Tweet Email1 Image: Shutterstocklast_img read more

TCI Woman on trial gets two years but not for sex with

first_img #Metoo-movement-type complaint, now investigation of high-ranking TCI Police Officer opened Facebook Twitter Google+LinkedInPinterestWhatsApp T&T companies tap into Cuban market at Expo Caribe 2019 Recommended for you TCI: Man safe now, says he was trapped after lightning hit truck and it burst into flames Related Items:#notguiltyverdictinsexwithminorcase, magneticmedia Facebook Twitter Google+LinkedInPinterestWhatsApp#TurksandCaicos, January 22, 2018 – Providenciales – Scathing criticism emerges now for Prosecutors in the case where an eight year old boy claims he was repeatedly sexually assaulted by a woman old enough to be his mother, once the jury found that woman, not guilty.  The case fell flat due to a lack of believable evidence, it is said.  It was hinged on the boy’s claims and very importantly, whether or not he contracted a disease which the accused woman has, purportedly.A letter to Magnetic Media said in part, “Turks & Caicos we really need to wake up when our children are being abused and the perpetrators can get off Scott Free then something is seriously wrong in our society.  Our children are the most vulnerable in our society and need protecting at all cost.”The woman was on Friday found not guilty of sex with a minor because the boy is healthy, found to not have been infected with the sexually transmitted infection, STI.The woman is not free though.  While she was not found guilty by a jury and therefore not imprisoned for the sexual assault allegation, she will serve two years at Her Majesty’s Prison for attempted bribery.  The report to #MagneticMedia is the woman tried to bribe members of the Royal Turks and Caicos Police during the investigation stage with $300 if they would let her go.#notguiltyverdictinsexwithminorcaselast_img read more

BMW M8 Gran Coupe set for Los Angeles debut

first_img 2019 Chevy Malibu review: Swing and a miss Share your voice Performance Cars Sports Cars 0:58 Hear that, guys? You’re getting another brother! BMW BMW isn’t through boasting about its new flagship 8 Series yet. Following the standard coupe, M8, convertible and Gran Coupe’s reveal, the German automaker is ready to reveal the M8 Gran Coupe.We’ll see the fast four-door at the 2019 Los Angeles Auto Show this November. BMW just squeezed the news into a Friday release detailing the successful launches of numerous new cars, but offered no additional details about the M8 Gran Coupe. That’s alright because we largely know what to expect. Heck, BMW showed an M8 Gran Coupe “concept” in Geneva back in 2018.The regular M8 houses a twin-turbo 4.4-liter V8 first seen in the BMW M5. In the M8, it makes 600 horsepower and 553 pound-feet of torque. Yet, the M8 Competition ups the power to 617 hp while torque remains identical. Power flows through an eight-speed automatic transmission and to BMW’s xDrive all-wheel drive system. The kicker is BMW promises the AWD setup behaves like a rear-wheel drive car until it detects a smidge of slip. All of this will most definitely make its way to the M8 Gran Coupe.Why should the four-door model even exist then? There’s a useable second row in the back. That’s boiling things down rather simplistically because the regular Gran Coupe is actually different from the 8 Series Coupe from the windshield back. It’s 9 inches longer, 1.2 inches wider and 2.2 inches taller than the coupe. All of those different proportions make for a slightly different machine than the coupe.Expect weight to be up compared to the coupe, too, thanks to the extra seats, but that should hardly detract from the brawny performance the M8 already boasts. We can’t wait to see the M8 Gran Coupe in just a few months. More From Roadshow More about 2018 BMW M5 BMW previews four-door M8 Gran Coupe in Geneva 2020 BMW M8 Coupe and Convertible deliver big horsepower and luxury 2020 Hyundai Palisade review: Posh enough to make Genesis jealous 2020 BMW M340i review: A dash of M makes everything bettercenter_img BMW Now playing: Watch this: 84 Photos 0 Tags Review • 2018 BMW M5: Bimmer’s beast is also its best BMW Post a comment Preview • 2018 BMW M5: Better on road, wilder on tracklast_img read more

UA president Johnsen highlights achievements challenges and budget woes during State of

first_imgUA president Jim Johnsen delivers his fourth State of the University address. (KUAC photo)Alaska’s University system has been transforming through the last five years of reductions. The statewide administration is smaller, there are fewer degree programs offered and about 1,200 jobs have been cut or unfilled. The one institution has three separately accredited universities and thirteen community campuses. UA President Jim Johnsen gave his fourth “State of the University” address on Tuesday, showcasing achievements and listing challenges. Johnsen also talked about funding woes. Johnsen covered the typical highlights you’d expect from a university president’s address: commencements at rural campuses, a Rhodes scholarship – the first one from Alaska, awards from the Department of Defense and the National Science Foundation, and the financial impact on local communities.But he focused on the things that make UA different.“UA research is nothing short of world class,” Johnsen said. “As the number 1 Arctic research university on the planet — not Harvard or Berkeley — the University of Alaska leads the pack in understanding the North in its physical and social importance to the entire planet. Moreover, we are beginning to see the fruit now of investments made in prior years in the commercialization of our intellectual property.”Johnsen listed the big research arms Alaska Center for Energy and Power, the Arctic Domain and Awareness Center, the Institute of Social and Economic Research and the College of Fisheries and Ocean Sciences.“Our research not only expands our knowledge about our world, it brings us unparalleled financial returns,” Johnsen said. “For each state dollar we invest, our researchers bring in $6 from outside the state.”The average age of the 26,000 UA students is 30 years. Not only older, but Alaska students tend to work while they are in school and many support families. They also tend to take longer to finish their programs than students elsewhere.Johnsen mentioned challenges, such as UA never got the land grant it was allocated, and he thanked the Dunleavy administration, the legislature and the federal Department of Interior for working on that.Another problem: He called the recent loss of accreditation at UAA’s School of Education “a failure.”“Our recent loss of accreditation of the initial teacher licensure programs at UAA is most certainly a failure,” Johnsen said. “Fortunately for our students, with strong support from UAA, UAF and UAS stepped in to make sure students in Anchorage have a certain path to teacher licensure from an accredited and approved program.”Next month the Regents will decide if the Anchorage programs should try to get their accreditation back or just let Anchorage students continue their programs remotely through UAF or UAS.And of course, Johnsen talked about this year’s state budget cut of $134 million, or 41 percent of state funding, from $327 million.“These cuts hurt UA and they harm Alaska’s ability to grow the highly trained workforce we need to be economically competitive with other states,” Johnsen said.He took a dig at the way the state administration is accounting the university, comparing it to other state-funded colleges.“We are compared to universities that are large and in a single location, giving them the advantage of scale,” Johnsen said. “And our own universities are compared to each other, despite the fact that they are all three quite different in their mission, location, size, mix and levels of degree programs and research and outreach activities. In response to those critics who throw averages around, I ask you is there anything about Alaska that is average”Johnsen did not go into scenarios if the university’s funding is drastically cut, as he has in other speeches and letters.last_img read more

Resident doctors in Delhi hospital go on strike after assault on

first_imgNew Delhi: Two days after a junior doctor was allegedly attacked by relatives of a patient on Saturday evening, resident doctors at North Delhi’s Bara Hindu Rao hospital on Monday launched a protest demanding doctors’ safety and halted all Outdoor Patient Department (OPD) services. Protesting doctors were seen raising slogans, “Save the Saviour” and “Band Karo OPD Band Karo” (shut down the OPD services) at the hospital. Also Read – National Herald case: Officer bearers of Congress were cheats, Subramanian Swamy tells court Advertise With Us Abhishek Bhatia, a junior doctor told ANI, “A doctor was thrashed here on Saturday by relatives of a patient. He sustained grievous injuries. Patient’s condition was not good and everything was explained about his medical condition yet 10-15 people came and thrashed our doctor in broad daylight.” “We will not let any OPD work take place unless the safety of doctors is ensured. Only emergency services will be functional,” he added. Also Read – Dehydrated elephant being given treatment Advertise With Us “The government should enhance rules and regulations for ensuring the safety of doctors,” said another protesting junior doctor. However, at the receiving end were the patients that had reached the hospital owing to different medical ailments but they were not attended by doctors due to the strike. This comes weeks after a nationwide doctor’s strike triggered by another attack on a junior doctor at NRS hospital came to an end on June 18.last_img read more

HalfLife 2 on Oculus Rift has real hand use for firing and

first_imgI think anyone who watched the Oculus Rift with STEMs lightsaber demo the other day is already convinced they need virtual reality in their gaming lives. But now there’s a second demo to bring it home just how much potential Oculus Rift has if coupled with the right peripherals.The video below shows YouTube gamer Goldfish playing Half-Life 2 with the VR mod, an Oculus Rift, and the Razer Hydra motion controller. It changes the experience drastically, and what looks to be for the better. Your hands are visible in the game, they can hold weapons, you can throw grenades, aim your torch, and weapon reloading is switched to manual gestures.Ever wanted to shoot someone behind you without spinning around? Now you can.Revolver reloading is fantastic. Running out of bullets in a fire fight and having to carry out that reload procedure will be extremely tense and highly prone to mistakes, but it’s worth it for the extra realism it brings to the situation. The same is true of actually having to aim your gun and use the real sight for pinpoint accuracy. No more cross hairs!Unless you are lucky enough to have an Oculus Rift dev kit, Half-Life 2 VR is currently out of reach. However, I’m hopeful this is just the start of the games that are going to get support for Oculus Rift, and eventually maybe even official support. Developers are surely going to see the value in offering an older title with virtual reality support added for a few dollars, and gamers will be more than willing to pay if this video is anything to go by.last_img read more

5 Things to Keep in Mind When Using Data for Artificial Intelligence

first_img 7 min read Register Now » Growing a business sometimes requires thinking outside the box. Opinions expressed by Entrepreneur contributors are their own. Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Data is one of the most important strategic assets for companies in the emerging data-driven and AI-powered economy. Data is needed to measure the efficiency of business strategies and draw insights from its operations but also to train machine learning algorithms. Getting data is not a problem for companies, the question is can they get the right kind of data and can that provide them with a much desired competitive advantage.Related: Want to Be More Like Amazon? Start By Making Your Startup More Data-Driven.Many companies do not realize that they are sitting on a pile of bad or dirty data. This data contains a lot of missing fields, has wrong formatting, numerous duplicates, or is simply irrelevant information. IBM research estimated that the annual cost of bad data for the U.S. economy is a whopping $3.6 trillion. Still, many managers have certainty that they are sitting on a goldmine of data when in reality they have nothing valuable.I interviewed Sergey Zelvenskiy, who is an experienced machine learning engineer over at ServiceChannel, where he automates facilities management processes using artificial intelligence. We talked about common misconceptions when it comes to the good/bad data dichotomy and what companies should be focusing on when building AI products.As Zelvenskiy says, “The data that companies have may not necessarily be bad, it is just likely incomplete to solve the problem. There is a chicken and egg problem here. The original system is usually built to collect the data needed for human-driven solutions and moving it to an AI driven solution might require filling of the gaps. While a human can quickly assess these and fix the problem, the automated system needs automated ways to wrangle the data.”Focus on the product. Finding good data should start with a product itself. To get good data, companies should design products that provide the right incentive for the users to contribute their data. Good usability and user experience will encourage users to contribute valuable information.Related: Artificial Intelligence Is Likely to Make a Career in Finance, Medicine or Law a Lot Less LucrativeYou can always strive for the user-in-the-loop model, in which users have to give away their data in order to use the features of your product. This is precisely how Google and Facebook get tons of data in exchange for their services. Users are not even aware that they are giving away their data absolutely for free to power advanced machine learning algorithms and continually improve the software.The best way to build a great product is by delivering iterative improvements while gathering the much-needed data. As Zelvenskiy says, “You can see this with the evolution of Amazon Alexa. The team behind it realized the difference between general speech recognition and the ability to recognize a simple set of predefined commands. While many other companies struggled with the adoption of general speech recognition and the capability to maintain the conversation, Alexa team focused on a simple set of commands and simple scripted dialogues.”The Alexa team did it right by shipping a very simple solution at a low price and conquered the market. Focusing on the specific simple use case and perfecting it wins the end game.Related: 5 Reasons Machine Learning Is the Future of MarketingTarget the right types of data.Let’s take the company that wants to build a robot that will automatically put library books on the shelves. It has plenty of data about the actual book content, it knows the names of the authors and the year the book was published. But, in reality, this data is not sufficient for an automated arrangement of the books.The robot can use the existing data only to find the proper shelf for the book. But, it doesn’t know the measurements of the book, so it’s hard for the robot to figure out if the book will fit on the shelf.The company never thought of collecting this information because the library staff could easily figure out if the book fits the space. Now this company needs a completely new data set, which it doesn’t have. This means the company has to equip a robot with some way of assessing the book measurements instead. While this is not impossible, the project budget and timeline will change.That’s why you should always ask yourself if you have the right type of data that is helpful to solve the problem.Related: Top 10 Best Chatbot Platform Tools to Build Chatbots for Your BusinessUnderstand the limitations. Often, companies feel that all machine learning engineers have the same magical wand, that solves all data-related challenges. That cannot be further from the truth. Going back to the library example, the ability to automatically assess the size and weight of physical objects would require a very different set of skills and capabilities. People or systems who can train the robot to find the right shelf, are different from the people or systems capable of building the abilities to measure and weight the books.This kind of resource planning should start at the beginning of the project and not when the robot is destroyed under the pile of books that did not fit the shelf.Related: A Humanoid Robot Called Sophia Mocked Elon Musk After Being Asked About the Dangers of AIUtilize existing expertise. Artificial intelligence can only do it better after the hard work by the team of engineers and subject matter experts is done. The development of an intelligent solution needs expert inputs to understand and help interpret the existing data and to figure out the principles they use to solve the problem.Even the latest breakthrough of DeepMind’s AlphaGo Zero is not an absolute showcase that we don’t need human experts entirely. The rules of the Go game are well-defined and cannot be broken by the opponent. Even though the machine was not trained by human experts, the rules of the game were programmed into the code, so it can play against itself to build up the skills. The engineer who built the software became an expert in the rules of the game before programming it.According to Zelvenskiy, “In the case with AlphaGo Zero, we don’t have a dedicated expert because the playing field is so well-defined that one can learn the complete set of rules in one evening. In real life, an engineer can hardly spend an evening and become an expert in the supply chain, privacy laws or turbine engineering. In general, an AI project either needs a well-defined set of unbreakable rules or a labeled data set. Usually, there is a little bit of each and figuring out how to combine the pieces of this jigsaw puzzle still requires expert input.”Zelvenskiy added, “Don’t get me wrong, there are success stories when a team of engineers successfully solves the puzzle by obtaining the right data set and learning just enough rules of the game. Yet, we depend on survivorship bias here.”Related: 10 Artificial Intelligence Trends to Watch in 2018Manage data and close the loop. One day your application might start to generate large volumes of data as it gets more popular. To avoid running into a data mess, you should introduce efficient data warehousing strategies from the very beginning. No matter what data platform your company chooses, you should put in place the efficient process of data collection, cleansing and data wrangling at each stage of data acquisition process.Once you have a good product, a constant inflow of data and an efficient data management infrastructure, it will be easier to create a self-fulfilling prophecy of good data.Leveraging the data provided by your product’s users can improve AI platforms and application features and encourage customers to contribute even more good data. This will create a self-sustaining system of data generation that will turn your company a truly data-driven enterprise. January 23, 2018last_img read more

Three arrested in Cancun for Playa del Carmen murders

first_imgCancun, Q.R. — Three men were arrested in Cancun Wednesday for their alleged involvement in crimes committed in Playa del Carmen.According to the office of the attorney general, two of the men arrested are deemed responsible for the August 23rd attempted murder of a security guard in Playa del Carmen, while the other man has been identified for a separate murder.One of the arrested men has been identified for taking the life of Erick Alejandro M.R. in the Playa del Carmen irregular neighborhood of Nuevo Noh Bec in August. The other two have been identified by surveillance video and witness statements the night a security guard at the Playa del Secreto housing complex was shot.The 33-year-old security guard, who is originally from Puerto Vallarta, was hospitalized after being severely physically assaulted and then shot in the chest twice. He survived the incident and was able to identify his attackers.The prosecutor of the public ministry of the common jurisdiction reports the three have been detained on arrest warrants and firearm charges. Their investigations will continue.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on WhatsApp (Opens in new window)last_img read more

Go back to the enewsletter Hyatt Hotels has annou

first_imgGo back to the e-newsletterHyatt Hotels has announced that a Hyatt affiliate has entered into a management agreement with a M&L Hospitality affiliate for a Hyatt Regency hotel in Sydney, Australia. The hotel, located at 161 Sussex Street and previously part of the Four Points by Sheraton brand, will be rebranded to Hyatt Regency Sydney at midnight on 30 November 2016, marking the Hyatt Regency brand’s return to Sydney.Hyatt Regency Sydney will enter the Australian market during a time of growing demand for MICE and leisure travel. According to the Australian Bureau of Statistics, the market saw 7.6 million visitor arrivals for the year ending February 2016, which was an increase of nine per cent compared to the previous year.Following a significant $250 million redevelopment and refurbishment, Hyatt Regency Sydney will enjoy an unparalleled location in the Sydney Central Business District adjacent to Darling Harbour, providing the perfect setting for corporate, leisure and meeting and events programmes. This expansion will also include a new 24-storey tower and 222 additional guestrooms, making Hyatt Regency Sydney the largest upscale, full-service hotel in Australia with a total room count of 892.Additionally, the hotel will introduce a 272-seat all-day dining restaurant, which will build on Hyatt’s history of culinary excellence, and will also feature the only hotel rooftop bar in Sydney and a Regency Club lounge with stunning panoramic views of the harbour.The hotel will feature more than 3450 square metres of state-of-the-art meeting spaces for events, including two ballrooms that can seat more than 1000 people, which will be part of the new pillar-less convention centre with panoramic views of Darling Harbour. With a 3.6-tonne car lift and a 3.6-tonne goods lift, as well as a separate coach check-in facility for expedited registration for large groups, the hotel is positioned to become the preferred choice for conference organisers locally and globally.Go back to the e-newsletterlast_img read more

Track record on NPL reduction key for Coops capital increase

first_imgBy Stelios OrphanidesThe reduction of delinquent loans is key for the success of the Cyprus Cooperative Bank’s planned capital increase, a Co-op executive said, as it entered preliminary talks with potential strategic and institutional investors.Announcement of a drastic reduction in non-performing loans in the third quarter — down by €0.5bn to €6.7bn, or 58 per cent of the total, compared to December 2016 — and expected further drop over the next quarters, is likely to help shape a more favourable environment for the second largest Cypriot bank, the Co-op executive said, speaking on condition of anonymity.In the fourth quarter, the bank is expected to show a further reduction of non-performing loans of less than €400m and a similar pace in the first quarter of 2018, when Spain’s Altamira assumes the management of the bank’s delinquent loans, the source said.“Over the coming quarters, the bank will need to create a track record and will have to deliver what it promises,” the source added. “As we are approaching the summer of 2018, things are different compared to the uncertainty we were facing four years ago. We have matured, our staff is more experienced, the bank has become bolder in offering solutions to its customers using its provisions for loan impairments to write off debt, while the macroeconomic environment is supportive”.The deal with Altamira, which provides for the creation of a joint venture controlled by the Spanish specialist, is scheduled to begin on January 1, just weeks ahead of the presidential elections. Opposition politicians reject the bank’s cooperation with the Spanish company over fears it will lead to an increase in foreclosures.The bank can no longer tap state-aid after it received €1.5bn in the form of capital injection in 2014 and another €175m in 2015.It is committed to reducing the government’s shareholding of over 99 per cent, to below 25 per cent with successive capital increases after getting listed on the Cyprus Stock Exchange. The first stage of the capital increase is scheduled for the summer of 2018.The Co-op, which posted a net profit of €7.1m last year and a loss of €63.3m in the first nine months of 2017, appointed US Citi Group as the coordinator of its capital increase and its management is already holding talks with potential investors.“As time passes, contacts with investors are getting more concrete,” the Co-op source said, adding that the bank will ultimately be in position to attract both institutional and strategic investors from abroad.More details about the terms of the capital increase will be announced in the first quarter of 2018 and will depend on investor interest.You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoSmart Tips DailySeniors With No Life Insurance May Get A $250,000 Policy If They Do ThisSmart Tips DailyUndo Pensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’UndoThree arrested in connection with hotel theftsUndoby Taboolaby Taboolalast_img read more

Body of man found in car boot parked near school in north

first_imgThe body of a man was found in the trunk of a car in the north of Nicosia on Monday afternoon.The dead man is believed to be Nigerian Adeola Owoyale, 33, who was reported missing from his home on July 1.According to Turkish Cypriot media reports, the victim may have died from a blow to the head.The car was parked near a school. The body was discovered at around 1pm by police officers who went in the area to check after being notified that a very foul smell was coming out of the car.You May LikeCalifornia Earthquake AuthorityEarthquake insurance that fits your future plansCalifornia Earthquake AuthorityUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoIcePopMan Notices A Strange Hole In This Lake, So He Gets A Drone, Flies It Inside And Captures ThisIcePopUndo Authorities release five of 12 Israeli rape suspects, seven due in court FridayUndoThree arrested in connection with hotel theftsUndoNicosia will use ‘all diplomatic means at its disposal’ to counter Turkish actionsUndoby Taboolaby Taboolalast_img read more