Category: suuxigsh


first_img Login/Register With: Twitter Advertisement ‘In prison, you’re either predator or prey’ … Trejo tools up in Machete. Photograph: Allstar/Dimension/Sportsphoto Ltd Facebook We’re sitting in a Manchester bar, the evening before Trejo is due to appear at For the Love of Horror, a two-day film convention. Nearby sits Tyler Mane, who plays Michael Myers in the latest Halloween films, although the masked murderer looks slightly less terrifying when eating a salmon and cucumber sandwich. (Not a Canadian story – but a very interesting read for ALL actors)Danny Trejo is 74 but he was never meant to live so long. “I didn’t even think I’d make it out of the 1960s,” says the actor, with a deep husky laugh. “I picked the wrong role model,” he explains, recalling how he first tried heroin at the age of 12 and embarked on a life of crime. “I picked my uncle, who was a drug addict and an armed robber. But he was the greatest guy in the world as far as I was concerned.”Trejo ended up serving time in every state prison in California. But something happened in 1968 that would change his life. The actor, who has starred in everything from Machete to Spy Kids, was involved in a prison riot and got caught throwing a rock at a guard. “I went to the hole,” he says. “Me and two other inmates thought we were going to the gas chamber. I was potentially facing the death penalty.” LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement Advertisement Trejo came up with a remarkable plan. “I made a deal with God. I said, ‘Let me die with dignity. If you do, I’ll say your name every day and I’ll do whatever I can for my fellow man.’ I didn’t want to go to the gas chamber, screaming and yelling and peeing myself.”‘I am the mean Chicano dude with tattoos’ … Danny Trejo in Maximum Impact. Photograph: Alamylast_img read more

Ethiopia UN provides 600000 to help feed conflictaffected in Somali regionEthiopia UN provides 600000 to help feed conflictaffected in Somali region

14 January 2008The United Nations Central Emergency Response Fund (CERF) has allocated nearly $600,000 to provide Ethiopians in the country’s strife-torn Somali region with food aid. The United Nations Central Emergency Response Fund (CERF) has allocated nearly $600,000 to provide Ethiopians in the country’s strife-torn Somali region with food aid. The funds will be used by the UN World Food Programme (WFP) to help Ethiopian authorities deliver WFP food to the Somali region, where conflict between Government forces and the Ogaden National Liberation Front has intensified this year. To date, WFP has provided almost 17,000 metric tons of food for the five zones under military operations, though it notes that a shortage of military escorts continues to hamper timely deliveries. According to the UN Office for the Coordination of Humanitarian Affairs (OCHA), the humanitarian situation in the region has been compounded by poor rains and the decreasing availability of pasture and water, while food prices are being pushed up by restrictions on the cross-border movement of goods. Last month, Under-Secretary-General for Humanitarian Affairs John Holmes noted that fears are growing that up to 4.5 million people could soon face famine-like conditions in the region. “There are strong reasons to believe such a catastrophe could occur in the next few months if all the necessary action to avert it is not taken,” Mr. Holmes said, following a visit to the area. He added that insecurity and Government restrictions are making it difficult for aid workers to even reach those in need.” In a related development, the UN World Health Organization (WHO) is helping the Ethiopian Government develop a preparedness and response plan amid fears of a large-scale meningitis outbreak next month. read more

Bandula under fire over comments on AL studentBandula under fire over comments on AL student

UPFA Parliamentarian Namal Rajapaksa also tweeted saying there should not be discrimination between local and international schools for national exams.“Free education is essential in ensuring children receive the opportunities they deserve. There shouldn’t be a discrimination between local & international schools for national exams & if there are concerns they should be addressed without disrupting the children’s achievements,” he tweeted. United People’s Freedom Alliance (UPFA) Parliamentarian Bandula Gunawardena has come under fire over comments he made on an Advanced Level (A/L) student.A student of an International School was among the students who got top marks at the last GCE A/L examination. At a press conference, Gunawardena had shown an image of the student appearing in a local newspaper and insisted that her performance could not be placed on par with students from Government schools. Gunawardena has been criticised on social media for his comments on the student. Former Sri Lanka cricket captain Mahela Jayawardena also expressed disappointment at the comments made by the former Education Minister.“Very disappointed with this comment.. Education is knowledge if it’s free or paid. We should always encourage our next generations achievements. Congratulations to all students but specially to the young girl who came 5th all island. Well done,” Jayawardena tweeted. (Colombo Gazette) read more

France honours late JeanSelim Kanaan killed in bombing of UN in BaghdadFrance honours late JeanSelim Kanaan killed in bombing of UN in Baghdad

Mr. Kanaan, a national of Egypt and France, was killed along with 21 others in the terrorist attack on the UN’s headquarters in Baghdad on 19 August last year. At the time, he was working as a project officer in the Office of the Secretary-General’s Special Representative for Iraq, Sergio Vieira de Mello, who also lost his life in the bombing.Mr. Kanaan had previously served as a civil affairs officer for the UN Interim Administration Mission in Kosovo (UNMIK) and authored a book entitled My War against Indifference.France’s Permanent Representative to the UN Office in Geneva, Bernard Kessedjian, awarded the “Chevalier de la Legion d’honneur” at a private ceremony this afternoon in Geneva.In a message delivered by Iqbal Riza, his Chief of Staff, Secretary-General Kofi Annan said France was honouring Mr. Kanaan’s “tireless efforts” on behalf of the vulnerable.The Secretary-General paid tribute to the late staffer’s intelligence, energy, devotion, honesty, generosity and courage. His mastery of seven languages and openness to others made him a “true citizen of the world,” Mr. Annan added.”We treasure in him the memory of a man who fought to the end to make our world better,” the Secretary-General observed, adding that Mr. Kanaan’s example “will continue to inspire us.” read more

TSX slides US service sector growth disappoints ECB chief offers no newTSX slides US service sector growth disappoints ECB chief offers no new

by News Staff Posted May 3, 2012 4:47 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email TSX slides: U.S. service sector growth disappoints, ECB chief offers no new help TORONTO – The Toronto stock market tumbled Thursday as a worse than expected reading on the American non-manufacturing sector and worries about Europe trumped a slew of strong earnings reports.The S&P/TSX composite index fell 215.15 points at 12,014.97, with the markets also weighed down by Research In Motion (TSX:RIM) as the BlackBerry maker’s stock closed below $12 for the first time since late 2003.RIM shares fell 72 cents or 5.7 per cent to $11.91. The company stock also lost about five per cent in each of the previous two sessions despite having rolled out its new BlackBerry 10 operating system.The TSX Venture Exchange lost 14.6 points to 1,416.61.The Canadian dollar was off 0.25 of a cent at 101.12 cents US.U.S. markets also turned lower after the Institute for Supply Management said its index of non-manufacturing activity dropped to 53.5 last month from 56 in March. Any reading above 50 indicates expansion but the reading was a disappointment to traders who had expected a reading of 55.4.The ISM’s survey covers all sectors outside of manufacturing, totalling about 90 per cent of the American economy. The survey includes retail, construction, financial services, health care and hotels.“So the backdrop is, hey, the U.S. is slowing and when you have the non-manufacturing index (slowing), and that’s 90 per cent of the economy, that’s a worry,” said John Stephenson, portfolio manager at First Asset Funds Inc.The latest ISM data added to uncertainty about the strength of the U.S. economy. Earlier this week, the ISM’s index on the manufacturing sector exceeded expectations.“You have all of these cross-currents, good corporate earnings as opposed to fairly pessimistic to bleak economic outlooks,” Stephenson said.The Dow Jones industrial index lost 61.98 points to 13,206.59.The Nasdaq composite index moved 35.55 points lower to 3,024.3, while the S&P 500 index slipped 10.74 points to 1,391.57.There was good news a day before the release of the U.S. non-farm payrolls report. The U.S. Labour Department announced that jobless insurance claims for last week came in at 365,000, down 27,000 from the previous week.Economists expect the U.S. economy cranked out about 160,000 jobs in April.But the positive jobless news was also overshadowed by worries about deteriorating economic conditions in Europe and pessimism over what the European Central Bank can do to spur growth.ECB president Mario Draghi offered little prospect that the bank would deliver more support for the struggling economies of the 17-country eurozone.Instead, he is urging governments to agree to a growth strategy that would work alongside tough spending cuts.Budget cuts and tax hikes, which have been introduced by eurozone governments to reduce debt, are now seen as hurting growth and some European governments are calling for policies to focus more on stimulating economic activity.The gold sector was the leading decliner, down about 3.65 per cent as bullion prices lost ground with the June contract in New York down $19.20 to US$1,634.80 an ounce. Barrick Gold Corp. (TSX:ABX) was off $1.28 at C$37.52 while Goldcorp Inc. (TSX:G) faded $1.59 to US$35.95.Other commodity prices were soft with the July copper contract slipping five cents to US$3.74 a pound, taking the base metals sector down 2.28 per cent. HudBay Minerals (TSX:HBM) fell 22 cents to C$10.15 while Teck Resources (TSX:TCK.B) fell $1.05 to $35.34.The energy sector was off 2.26 per cent as the June crude contract on the New York Mercantile Exchange down $2.68 to US$102.54 a barrel. Suncor Energy (TSX:SU) gave back 92 cents to C$31.32 while Cenovus Energy (TSX:CVE) shed 66 cents to $33.95.Insurers led the way to a 1.17 per cent drop in the financials sector.Manulife Financial Corp. (TSX:MFC) had a $1.2-billion profit in the first quarter, a 22 per cent jump from a year ago. It attributed the improvement to a number of special items as well as strong operational performance in Canada and Asia. The profit amounted to 66 cents per share before dilution, up from 54 cents per share or $985 million in the first quarter of 2011 and much higher than the 36 cents a share that analysts expected. Its shares slipped 36 cents to $12.98.Great-West Lifeco Inc. (TSX:GWO) reported net income available to common shareholders was $451 million or 47.5 cents per share in the first three months of 2012. That was up from $415 million or 43.8 cents per share in the year-earlier quarter. Revenue was $6.5 billion, up from $6.25 billion a year earlier but its shares were down 50 cents to $24.32.Shares in media giant BCE Inc. (TSX:BCE) added a penny to C$40.31 as the company reported $574 million in profit in the first quarter before adjustments, a 14.1 per cent increase from the same time last year. Adjusted profit was $580 million, or 75 cents per common share, which was three cents a share ahead of analyst estimates.Elsewhere on the earnings front, General Motors reported earnings per share of 93 cents excluding one-time items related to the impairment of goodwill primarily in Europe, beating analyst estimates by eight cents a share. Net income fell to US$1 billion, or 60 cents a share, from $3.15 billion, or $1.77 a share, a year ago while revenue was $37.8 billion, up 4.4 per cent from a year ago. GM shares gave up early gains and were down 55 cents at US$22.38. read more

Fitness goals Be specific Choose something concrete like running 5K in 30Fitness goals Be specific Choose something concrete like running 5K in 30

first_img Carl Cautley Monday 17 Apr 2017, 8:30 PM Apr 17th 2017, 8:30 PM Share Tweet Email3 4 Comments By Carl Cautley Personal trainer Short URL Tweet thisShare on FacebookEmail this article 118 Views Fitness goals: ‘Be specific. Choose something concrete like running 5K in 30 minutes’ If the first quarter of the year hasn’t gone well, start re-thinking your fitness goals now, writes Carl Cautley. WITH THE FIRST quarter of 2017 behind us, it’s a good time to step back and reflect on how your fitness goals for the year are progressing.The grit and determination of January has well and truly worn off by now, so are you still on the right track, or did you abandon your “New Me” plan long ago?Either way, it might be time for a change of direction. And whether you’re starting from scratch, getting back on the wagon, or just looking to up your game, spring is the perfect opportunity to do just that.Exercising outdoorsThe change in weather around this time of year is an obvious factor to consider when it comes to tweaking your fitness goals.You’ll have more opportunity to get outdoors, soak up some sunshine and top up your vitamin D levels, so consider swapping one or two of your weekly gym sessions for a workout at the park or beach.If your progress has slowed somewhat in the last few weeks, a change in routine like this could be just what you need to bust through the plateau. And with the chill of winter largely behind us, convincing yourself to leave the comfort of your house should be easier, too.Ditch the winter stodgeAs the temperatures get milder, now is also the time to start cleaning up your diet by swapping out stodgy dinners for lighter, healthier meals like salads and stir fries.You may find that your appetite subsides slightly as the days get warmer, so take advantage of that by trimming down your portion sizes a little.Just make sure to include plenty of protein in your meals and snacks, which will help you preserve and build all-important muscle mass over the coming months.Changing things upThink about what else you could do differently. Have you been working out alone?Now might be the time to join a gym or visit a personal trainer for some much-needed support and accountability.Was your New Year’s resolution simply to lose weight and get in shape? Why not pivot and make it your goal to complete a race or take up a new sport?Be specific; choose something concrete and measurable like running a 5K in 30 minutes or less. Big changes and audacious goals like these can modify your whole perspective and rejuvenate your interest in fitness.Another way to give yourself a push is to remind yourself why you decided to get in shape in the first place. You’re not just exercising for the sake of it — there’s always some fundamental motive that drives us to take up training.For some, it’s a desire to live a long and healthy life. Others might want to set a good example for loved ones, or just look good in their favourite jeans. What are your reasons? Write them down and keep them top of mind as the challenge of building your fitness starts to mount up.Most importantly, enjoy working outWhatever your goals and the motives behind them, it’s important to have fun and enjoy yourself throughout the process — whether that means bringing a friend along to the gym, discovering healthy foods you love, or swapping the treadmill for the tennis court.The idea of keeping fit is to improve your physical and mental well-being, not to become another source of stress or a stick to beat yourself with.If the first quarter of the year hasn’t gone the way you’d like and the thoughts of your next workout session fill you with dread and frustration, now is the time to step back and ask why you are doing this, and what you could do to enjoy it more.Carl Cautley is a Certified Personal Trainer, Zest4Life Nutritional Coach and founder of Health & Fitness Together — an industry-leading Private Personal Training Studio in Ranelagh, Dublin 6. Get in touch with Carl at or at 01 496 5829 for a complimentary consultation.‘Tribunals and commissions achieve nothing. They just shield the guilty from prosecution’Julien Mercille: Liberals are wrong to cheer on Trump’s bombslast_img read more

Manipuler le climat La CIA finance une vaste étude pour tester laManipuler le climat La CIA finance une vaste étude pour tester la

first_imgManipuler le climat ? La CIA finance une vaste étude pour tester la géo-ingénierie La CIA, intéressée par les potentiels de la géo-ingénierie en matière de manipulation des intempéries et de lutte contre le réchauffement climatique, a participé au financement d’une étude globale de ces domaines par l’académie des sciences américaine.Alors que le changement climatique suscite de plus en plus d’inquiétudes, certaines chercheurs se questionnent sur la possibilité de manipuler de façon délibérée le climat. Objectif : lutter contre les effets du réchauffement climatique en agissant par exemple sur le rayonnement solaire ou sur l’élimination du dioxyde de carbone atmosphérique.En octobre 2012, des chercheurs écossais ont notamment émis l’idée d’utiliser un nuage de poussières d’astéroïde comme un parasol pour renvoyer les rayons du soleil et ainsi limiter le réchauffement. Or, aussi inattendu et irréalisable qu’il puisse paraitre, ce genre de concept est aujourd’hui de plus en plus pris au sérieux. Ce sujet est même au coeur d’un tout nouveau projet scientifique lancé par les hautes autorités des Etats-Unis. Comme l’a annoncé la National Academy of Sciences (NAS) américaine, chargée du projet, il s’agit d’une vaste étude globale de 600.000 dollars co-financée par la Central Intelligence Agency (CIA), la National Oceanic and Atmospheric Administration (NOAA) ainsi que la National Aeronautics and Space Administration (NASA). Examiner les impacts potentiels des techniques de géo-ingénierie À lire aussiDengue : symptômes, traitement, prévention, où en est-on ?Son but est de déterminer si la géo-ingénierie pourrait être utilisée pour lutter contre les effets du changement climatique. Mais l’étude se penchera sur “un nombre limité de techniques de géo-ingénierie proposées”, a souligné la NAS. Plus précisément, l’optique de l’étude est d’examiner “globalement les impacts potentiels du déploiement de ces technologies en tenant compte d’éventuelles préoccupations environnementales, économiques et de sécurité nationale”, dit encore la NAS. Reste que la géo-ingénierie demeure un concept controversé qui implique l’intervention délibérée et à grande échelle sur le système climatique de la Terre dans le but de lutter contre le réchauffement global. “Il est naturel que sur un sujet comme le changement climatique, l’Agence [de renseignements] travaille avec des scientifiques afin de mieux comprendre le phénomène et ses implications sur la sécurité nationale”, commente pour sa part la CIA. Néanmoins, le contexte est tendu car certains accusent le pouvoir américain de jouer déjà dangereusement avec le temps grâce aux installations du High Frequency Active Auroral Research Program (HAARP), basées en Alaska. Le 24 juillet 2013 à 18:44 • Maxime Lambertlast_img read more

Davide Astori is still with us – Stefano Pioli declaresDavide Astori is still with us – Stefano Pioli declares

first_imgHead coach of Italian football club Fiorentina, Stefano Pioli, has set his sight on Europe and the Coppa Italia, as he reveals the bond between the club and former captain Davide Astori who died in his sleep in March.Even though the Viola comes as a surprise package of the season so far in Serie A, they could battle for a top-four finish.“I would very much like to qualify for Europe, but it won’t be easy. I think it’s clear to all that there are teams better equipped out there, but we’re ready to take advantage of any slip-ups,” said the Coach at a Q&A with La Repubblica newspaper via Football Italia.“At this moment, I see a Fiorentina side that is ambitious, but not winning yet. There is a step between ambition and victory that we still need to cover. The Coppa Italia cannot be considered a secondary objective and it’s only right to target going all the way.”“Astori and Milan Badelj were my reference points in the locker room. The team had changed so much that summer and I leaned on them for support, as everyone did with Davide.“What happened was a shock and it pushed me to appreciate my players even more on a human level. What Vitor Hugo said recently is the truth: Davide is still with us.Cristiano Ronaldo, JuventusSerie A Betting: Match-day 3 Stuart Heath – September 14, 2019 Considering there is a number of perfect starts so early in the Serie A season, as well as a few surprisingly not-so perfect ones….“The lads who were here last season have done so well to pass that situation on to the new arrivals. We are a team with an extra reason to do well.“These lads were so strong and united in their grief. I simply told them to carry on what we had started with Astori. I always did get very fond of my players, but even more so with this group. I think what happened united us even more and made us feel stronger.”Meanwhile, when Cristiano Biraghi scored his debut Italy goal in the Nations League victory over Poland, he took his fingers high and formed the figure 13  which we think symbolises Astori’s number.“I was so proud of him after that goal, for the work we’d done together and his great desire to improve. Biraghi was always aware of his weaknesses and is one of those players I feel that as a Coach I can really help to grow stronger.“Federico Chiesa has a great chance of pace, can shoot with his right or left foot, and is approaching a level that will make him a complete player.”last_img read more

Vancouver teen pleads not guilty in shootingVancouver teen pleads not guilty in shooting

first_imgA Vancouver teenager pleaded not guilty Thursday to shooting an acquaintance — paralyzing him from the neck down — during an alleged drug deal.Damian R. Grover, 17, was arraigned on charges of first-degree assault with a deadly weapon, first-degree robbery and theft of a firearm.Clark County Superior Court Judge Barbara Johnson set trial for Dec. 20. Grover is being held in the Clark County Jail on $750,000 bail.The shooting was reported at 8:50 p.m. Oct. 19 at the Parklane Apartments, 10205 N.E. Notchlog Drive.According to court documents, friends of Grover told sheriff’s investigators that they had planned to meet Daniel Thurston, 19, at Sacajawea Elementary School, 700 N.E. 112th St., to obtain marijuana. After meeting up with Thurston, Grover arranged to meet him later at his apartment complex, the Parklane Apartments, to pay him for the drugs.When Thurston arrived at the apartment complex, Grover allegedly brandished a revolver and ordered Thurston to hand over his backpack and marijuana. After Thurston refused, Grover allegedly fired the gun at him and fled, according to court documents.The shot hit Thurston’s spine. He spent several days listed in critical condition in the hospital, and a doctor said he will likely be a quadriplegic. He is now out of the hospital and recovering with ongoing medical care, a deputy prosecutor has said.Another friend of Grover’s allegedly told investigators that the group had planned on robbing Thurston of the marijuana and that Grover obtained a .44- or .45-caliber handgun from a family friend to commit the holdup, which prompted the theft of a firearm charge.Grover, who at one point attended Columbia River High School, as did Thurston, was listed as unemployed in court documents.last_img read more

We have to do a better job Miami Beach mayor weighs inWe have to do a better job Miami Beach mayor weighs in

first_img.@MiamiBeachPD making the rounds on #OceanDrive…@MayorDanGelber calling an emergency meeting for tomorrow on challenges to keeping residents feeling safe & crowds manageable— Robbin Simmons (@RobbinSimmons7) March 19, 2019Here is Gelber’s letter in its entirety:“What I saw this weekend was unacceptable. We have to do a better job at addressing these high impact weekends when hundreds of thousands flock to our entertainment district in South Beach. I received so many calls and emails: from residents stuck on a Causeway trying to just get home; from people walking around Ocean Drive feeling unsafe; and from others who, like me, can’t stand the image this projects about the City we love.I listen to every voice because I appreciate it is born out of both frustration with these events and affection for our community. If you want to talk about it, my cell phone is 305-345-7879. Don’t hesitate to call or text, or email me at What I saw this weekend in #MiamiBeach was unacceptable. Click the link to read my message about how @MiamiBeachNews needs to do and will do a better job addressing these high impact weekends.— Dan Gelber (@MayorDanGelber) March 18, 2019Gelber said that two big dates on the calendar added up to one massive headache.“I don’t want the next thing to be worse. We’re a city of 90,000 people, but we have 14 million visitors,” Gelber said. “When St. Patrick’s Day and spring break coincide, it’s almost a perfectly bad storm, and that’s what happened on Saturday night.”Gelber said Miami Beach Police will be doing more enforcement on the beach. “This is not a community where anything goes,” Gelber said. “We’re not that city, and we’re not that community, so we have to make that very clear to people. I don’t want anybody to be surprised if they come to Miami Beach over the course of the next few weeks, and they’re on the beach with an open beer. They’re gonna be asked to pour it out, and they need to do that, or they will be arrested.”Unclear if related to the spring break chaos, a lifeguard stand caught fire along 71st Street and Collins Avenue, Tuesday morning. Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.center_img The bottom line is we have become so attractive as a destination that we simply can’t process the volume of people that want to come here. And unfortunately, among the thousands that visit with the intent of suitably enjoying themselves are some who come with bad intentions, drink or smoke too much, or just are not capable of comporting themselves in a civilized way. We have tried many different approaches with some success. But often there are unintended consequences.For instance, when we slow down traffic to limit access to our City and deploy license plate readers to identify drivers with outstanding warrants, we also create huge disruption for our residents returning to their homes. Many returning from the Heat game Friday night know what I mean. Also, policing huge crowds of young people, many of whom have been drinking heavily and might be predisposed to bad or reckless choices, poses other challenges for our cops.Tomorrow morning, I have asked the City staff to break down what our challenges have been, how we have been responding, and what we plan on doing going forward to better control the problematic areas. Part of those plans will undoubtedly be increased enforcement on the Beach of violations of our open container and drug use ordinances. It will also include additional law enforcement and enhanced code enforcement. It’s important to me that we let the community know – including those who may be coming to visit – what to expect.It’s critical that our residents feel safe everywhere in our community, that we don’t address these challenges at the expense of our quality of life, and that we clearly communicate to potential visitors that this is not a community where anything goes.No one believes this is an acceptable normal, including my colleagues and our City Administration, and we will address it forthright.Thanks,Dan.” MIAMI BEACH, FLA. (WSVN) – Miami Beach Mayor Dan Gelber said he and city officials plan to take steps to address the widely documented unruly behavior from revelers who flocked to South Beach for spring break vacation.In an open letter to citizens released Monday, Gelber announced an emergency city commission meeting scheduled for Tuesday morning.last_img read more

RBI Parent CEO to Step Down Next YearRBI Parent CEO to Step Down Next Year

first_imgAs Reed Elsevier continues to search for a buyer for its b-to-b publishing arm Reed Business Information, the London-based publisher has begun a second search—for a new CEO.Sir Crispin Davis, who has held the post as Reed CEO for nearly a decade, is planning to step down next year, according to a report in the Times of London. The company has hired a recruiter to help consider internal and external replacement candidates.The change in command comes a little more than four months after Reed announced its plans to divest RBI, as part of the company’s preliminary financial results statement for 2007 which it released in February. Since then, groups like Apax Partners, Permira, Providence Equity Partners and Cinven have been floated as possible suitors. Early estimates put a sale at about $2 billion. To help assure that RBI sells in one piece, Reed put together a group of banks to lend nearly $1.5 billion to the eventual buyer. The sale, however, faces steep hurdles due mostly to the soft economy.RBI publishes a number of trade magazines including Variety and Publishers Weekly. Early last month, RBI eliminated 41 jobs as part of a company-wide restructuring effort.last_img read more

ITC out to spoil Hotel Leelas date with JM ARC BrookfieldITC out to spoil Hotel Leelas date with JM ARC Brookfield

first_imgHotel Leela Palace Bengaluru. Courtesy: theleela.comRetail giant ITC has taken the Hotel Leela group to the company law court seeking the cancellation of stake sale deals to asset management firms JM Financial ARC and Brookfield. The petition in the National Company Law Tribunal (NCLT) that also seeks the removal of promoter group directors and the appointment of an administrator can potentially delay the closure of the deals and throw the management of the properties of the troubled group into chaos, according to reports.ITC, which has 8.72 per cent stake in the Hotel Leela Palaces, Hotels and Resorts, has accused the Hotel Leelaventures Limited, the holding company of the hospitality group, of oppression and mismanagement.ITC, which has interests in confectionery-to-tobacco and classified as a public shareholder in the beleaguered hotel, has also filed two applications seeking an urgent hearing and the waiver of the requirement of the minimum threshold of 10 per cent shareholding, Hotel Leelaventure said in its stock exchange filing, according to a report in Business Standard. Unidentified sources have said ITC has petitioned for cancelling the issue and allotment of 163.9 million equity shares in September 2017, which constitute 26 per cent of the issued capital of Hotel Leelaventure (Leela), to JM Financial Asset Reconstruction Company (JM Financial ARC), converting a part of an Rs 275-crore loan to equity.ITC has also sought the removal of Leela group promoters Vivek Nair and Dinesh Nair and directors Vinay Kapadia and Vijay Sharma from the board. It also wants the appointment of an administrator to conduct and manage the affairs of Hotel Leela, founded by Captain CP Krishnan Nair, one of India’s top entrepreneurs.  The Leela Palace Kovalam. UAE business tycoon Rashid Al Habtoor has shown interest in buying the hotel chain. Picture courtesy: has also sought injunctions restraining Hotel Leela, its promoters, directors and JM Financial from the implementation of the decisions taken at Leela’s board meeting on March 18, where it approved the sale and transfer of assets of four hotels and one property to Brookfield for Rs 4,250 crore. The proposed transaction with Brookfield, according to ITC in the petition to NCLT, is skewed in favour of the promoters and JM Financial ARC and not in the interest of other shareholders, including the petitioner.The petitioner believes the transactions would in effect transfer a substantial part of Leela’s assets to Brookfield. Of this, Rs 2,950 crore would be paid to the lenders while Rs 1,960 crore was being paid to JM Financial, and Rs 300 crore would go to the promoters, according to the report. The petition said Leela’s revenue stream was being diverted to Brookfield and it would be left with no real business prospects while it retained large liabilities, which it would not be able to service, the petition alleges. ITC said it had sought the inspection of documents and agreements referred to in the postal ballot notice and the explanatory statement, was allowed inspection of only some documents.last_img read more

Association of Australian Convention Bureaux commends Perth backingAssociation of Australian Convention Bureaux commends Perth backing

first_imgAssociation of Australian Convention Bureaux commends Perth backingThe Association of Australian Convention Bureaux (AACB), commends Opposition Leader, Mark McGowen, on his pledge to invest $5 million per annum in the Perth Convention Bureau (PCB) if WA Labor wins office at next year’s state election.AACB CEO, Andrew Hiebl said, “With tourism being identified by Deloitte as one of Australia’s five super-growth industries, now is not the time to cut investment in convention bureaux, especially with the mining boom transitioning to production.”In 2014, Deloitte further described the business events sector as “a high-value, fast-growing component of the visitor economy”. One in five dollars spent by international visitors in Australia is spent by an international delegate attending some form of business event. In addition, international delegates spend, on average, 21% more than other international visitors over the course of their trip – and 77% more per day.Hiebl added, “State and territory investment in convention bureaux around the country is a critical component of the public-private-partnership structures that they work under. Governments that are truly committed to the doubling of overnight expenditure in line with Australia’s Tourism 2020 targets will have a solid and secure investment strategy for the business events sector.”“The extreme funding decrease of 28% announced by WA Treasurer Nahan last year would diminish the PCB’s capacity to bid for and win new international and national conventions for the state which would see Western Australia miss out on the opportunity to leverage this industry”.Around the world, business events are being used as strategic tools for attracting trade, investment and global talent. Governments invest in the business events sector because they recognise not just the high yield, but also the long-term benefits accruing from growth in the visitor and knowledge-based economies.AACB calls on the State Liberal Government to reverse its PCB funding cut decision and back a sector that can drive jobs and economic prosperity for Western Australia.Source = Perth Convention Bureaulast_img read more

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