Advertisement Advertisement Sarah Sutherland (Veep), Jared Abrahamson (American Animals), Dominique Provost-Chalkley (Wyonna Earp), Amanda Brugel (The Handmaid’s Tale) and musician Hubert Lenoir have been set to star in Canadian feature drama Like A House On Fire from writer-director Jesse Noah Klein (We’re Still Together).Production is under way in Toronto until July 15 on the story of a woman (Sutherland) who returns home to reconnect with the young daughter and estranged husband (Abrahamson) she left two years before. She soon finds that her daughter does not remember her and her husband is with a woman now seven-months pregnant (Provost-Chalkley). Facebook LEAVE A REPLY Cancel replyLog in to leave a comment Twitter Sarah Sutherland, Amanda Brugel, Jared Abrahamson, Dominique Provost-Chalkley (Shutterstock) Login/Register With:
Gurugram: The Special task force of Haryana force on Wednesday night arrested five people who were wanted for abducting son of a doctor in Gurugram and demanding extortion of Rs 50 lakhs from the medical practitioner. The five arrested accused have been identified as Jongender w, Shiva, Deepak, Kamal and Amitesh.The accused were held after an encounter with the STF in Rewari. Joginder was the leader of Joginder Panchi jatan gang and had huge prize money placed on his arrest Also Read – After eight years, businessman arrested for kidnap & murderAccording to the STF, the gang had arrested had a criminal past and were found wanting in various cases that ranged from murder, attempts to murder, abduction and burglaries in Haryana, Uttar Pradesh and Rajasthan. The law enforcement officials were able to recover four pistils, ten live cartridges and Rs 49 lakhs the amount which they had been able to successfully recover on the kidnapping of the doctor Interestingly Amitesh one of the people who has participated in the Super Boxing League acted in a Bhojpuri film, and recently directed a short film. The police said he wanted money to make a big film and cast himself as the lead. He was arrested along with four other gangsters by the special task force in an encounter on Wednesday night. Also Read – Two brothers held for snatchingsAccording to them, he became a member of Panchi gang a few years ago after befriending Joginder Panchi Jatan, the gang leader, whom he met in a Delhi pub. Police in Lucknow said Chaubey was arrested from his Jankipuram house there. Joginder Panchi Jatan, a resident of village Panchi in Sonipat, formed a gang after his brother was shot dead over political rivalry in October 2015. His brother was a former deputy superintendent of police in the Central Reserve Police Force (CRPF) and a national wrestler, the police said. Jatan is himself a former national-level hockey player and a passionate boxer, said police, adding that he is involved in ATM thefts, carjacking, and loot and dacoity cases registered across the state and the National Capital Region. According to the police, the members of his gang are all mostly former wrestlers and hockey players looking to make quick money. On March 16, the Joginder Panchi Jatan gang kidnapped a 27-year-old doctor who was returning to his house in the city’s Sector 50, after partying with his friends. He stopped the car to relieve himself near a liquor vend in Sector 29 when the accused allegedly kidnapped him at gunpoint and forced him into his car. The family who runs private hospitals in Rewari and Gurugram paid the ransom by March 17 and secured the release of the victim.
Sri Lankans were among the highest number of asylum seekers in Switzerland last year.The Reuters news agency reported that requests for asylum in Switzerland plunged by nearly a third to around 27,200 last year after authorities closed the Balkan land route used by thousands to flee hot spots in the Middle East, Asia and Africa. Neutral and landlocked Switzerland got just a fraction of the roughly 1.3 million requests for asylum across Europe last year as countries continued to process the wave of people that arrived in 2015, SEM said in a statement.People from Eritrea made the most Swiss asylum requests last year, followed by citizens of Afghanistan, Syria, Somalia, Sri Lanka and Iraq. In December alone, requests for asylum fell 64 percent from a year earlier, bringing the full-year drop to 31 percent after the Balkan route was interrupted in March and Swiss authorities took a tough line on the border with Italy last summer. The SEM migration agency forecast around 24,500 people would seek asylum this year but cautioned this could rise to 32,000 depending on the flow of refugees via the Mediterranean and whether a deal Europe struck with Turkey to hold back migrants held up. Of the nearly 31,300 requests processed last year, almost 23 percent were granted asylum, SEM said. The ratio of people receiving protection was nearly 49 percent including those given provisional permission to stay in Switzerland temporarily.Switzerland took in 621 people last year under a U.N. refugee agency resettlement program launched in 2015, and 368 people under a European relocation scheme for refugees who had registered in Greece or Italy. (Colombo Gazette)
MOSCOW — An unmanned Russian spaceship carrying supplies for the International Space Station has launched from Russia’s space complex in Kazakhstan.The Progress 73 cargo ship blasted off atop a Soyuz rocket at 1210 GMT Wednesday. It is to dock with the ISS about 3 1/2 hours later after two orbits.The Progress is carrying about three tons (2.7 metric tons) of food, fuel and supplies to the space station, which currently has six astronauts aboard.The Associated Press
Ethan Swan’s database of NBA players’ tattoos is the most complete such record I’m aware of, but it’s not the only one. (Swan, whom I wrote about Friday, gave us permission to publish his data on GitHub; you can see it here.)The Sports Geeks have collected some information, but their page on NBA tattoos is out of date; many players currently in the league aren’t listed. The Tumblr Basketball Player Tattoos aggregates photos — including some really striking ones — but it hasn’t been updated in almost a year. (Let me know if you’ve seen other data sets.)Harvey Pollack, the 92-year-old director of statistical information for the Philadelphia 76ers, produces the only list I’ve seen that approaches the completeness of Swan’s. (My colleague Carl Bialik, who conducted the data analysis in the Swan piece, profiled Pollack last month.) Each year, Pollack dedicates a page of the Sixers’ printed statistical guide to tattoo data. The only one I could find that he put online was from 2010, the year before Swan got started.Unlike Swan, who simply Googles “NBA tattoo” and follows players on Twitter, Pollack and his staff get their information firsthand. They log the tattoos they see on visiting players and quiz team trainers about body art that may lurk beneath the players’ uniforms.But looking guys over as they dribble by doesn’t seem to be as effective as Googling. Swan counted 230 tattooed players in 2010-11, while Pollack found 198. The next year, they both came up with 237. Last year, Swan’s total was 250 and Pollack’s was just 157. (Pollack hasn’t released his total for this year.)So whom, specifically, did Pollack miss in 2012-13? Let’s take the Atlanta Hawks as an example. He counted tattoos on six Hawks but missed them on five others — John Jenkins, Shelvin Mack, Johan Petro, Mike Scott and Louis Williams. The design on Jenkins’s chest may have been hard to see through his jersey, but it should have been easy to see the tattoo on Mack’s arm — especially since he briefly played for the Sixers that season.
Buckingham Palace stressed that neither the Duke nor Duchess of Sussex was aware of any requests having being made, insisting any discussion about the couple was made at a well-intentioned briefing regarding numerous matters about the running of the estate.A Buckingham Palace spokeswoman said: “The Duke and Duchess didn’t request this, didn’t know about it, and had nothing to do with the content or guidance offered.”The couple sparked controversy last month after it emerged that taxpayers would foot the £2.4 million bill for renovations to make the home the couple’s official residence when they left Kensington Palace following the birth of their son.However, it was claimed that Frogmore Cottage, where the Sussexes held their wedding reception, had been earmarked for renovations for a number of years. The cottage is owned by the Crown Estate. The Sussexes’ staff will remain at Buckingham Palace. Frogmore Cottage, Windsor Great Park, which has become the official residence of the SussexesCredit:Westbury2006/flickr/ Flickr They have also been advised not to ask to see their baby, Archie, or pat or offer to walk their two dogs.The advice was reported to have been given at a recent residents’ meeting during which the issue of the Sussexes’ move to the private Home Park estate was raised. One local, who did not want to be named, told The Sun newspaper: “It’s extraordinary. We’ve never heard anything like it. Everyone who lives on the estate works for the royals and knows how to behave respectfully. For centuries, the Royal Family has rubbed regal shoulders with their neighbours in the historic Berkshire market town nestling on the banks of the River Thames.Last year’s royal wedding at Windsor Castle underlined just how fondly residents view the royals as tens of thousands of people lined the streets to see Prince Harry marry Meghan Markle.But, a recent residents’ meeting for those living on the Windsor estate has upset some locals after a list of ‘‘dos and don’ts’ was issued regarding treatment of the Duke and Duchess of Sussex.It has been claimed that royal staff, officials living in grace-and-favour houses, and Crown Estate employees living near the couple’s Frogmore Cottage have been instructed not to approach or speak to them. Prince Harry, Duke of Sussex, and Meghan, Duchess of Sussex, kiss after leaving St George’s Chapel in Windsor Castle after the wedding in 2018Credit:NEIL HALL/EPA-EFE/REX “We aren’t told how to behave around the Queen like this. She’s very happy for people to greet her.”The Queen is well known for taking part in events within the local communities at her homes. She still attends Women’s Institute meetings at Sandringham once a year.
← Previous Story Austria beat Hungary – Russia wins “brother derby” Next Story → Croatia the last semi-finalist, after a match for all or nothing! EHF EURO 2014euro 2014 denmarkhandball resultsherning euro 2014herning handball Two semi-final pairs are known. Croatia beat Poland 31:28 and got the ticket for the final weeekend in Herning. In their sixth consecutive semi-final at EHF EURO events since 2004, Croatia will play against Denmark on Friday (21). Spain and France will meet in the first semi-finals two and a half hours before, while Iceland and Poland will play for the fifth place.MAIN ROUND – RESULTS:AarhusRussia – Belarus 39:33 France – Sweden 28:30Croatia – Poland 31:28TABLE:France 8Croatia 8Poland 6Sweden 6Russia 2Belarus 0Herning:Macedonia – Spain 22:33 Austria – Hungary 25:24 Denmark – Iceland 32:23TABLE:Denmark 10Spain 8Island 5Hungary 3Macedonia 2Austria 2The final placement:7 Sweden8 Hungary9 Russia10 Macedonia11 Austria12 Belarus13 Serbia14 Norway15 Czech Republic16 MontenegroPHOTO: Bjørn Kenneth Muggerud/Handballpix.com
THE IRISH MORTGAGE Holders Organisation has said the Taoiseach has moved to ‘protect egos rather than distressed debtors’ after concerns were raised today about new insolvency laws.The IMHO were reacting to an article published in this morning’s Sunday Times which said that the Justice Minister was briefed that an amendment was needed to the 2012 Personal Insolvency Act.The accidentally released memo said that there was an issue with the legislation which could lead to an “extra layer of bank veto”.CEO of the IMHO David Hall has said this afternoon that perhaps the greatest disappointment is the apparent delay in dealing with it.“The Taoiseach needs to clarify his role in not having this flaw addressed with the urgency identified and recommended by the Attorney General, as it appears that he or his office made a sinister move to protect egos rather than distressed debtors,” said Hall. The memo states, ‘despite concerns expressed by Department of Taoiseach about visibility of amendments at this point’. This is a most sinister development where political motivation has delayed vital legislation being amended.The Personal Insolvency Act included a number of debt resolution arrangements which can write off a portion of a debtor’s unsecured debts. In many cases banks have a veto over the deal because they often represent the largest creditor in a given situation.The IMHO is immediately calling on the Minster for Justice Frances Fitzgerald to “carry out a review of the insolvency act and system”.Read: Insolvency service seals threefold increase in debt arrangements >Read: Insolvency chief blasts Bank of Ireland >
The award-winning Acer CloudMobile was already thought to be headed to MWC 2012, and now there’s a second Acer Android phone en route to Barcelona. Acer UK has announced the Acer Liquid Glow, a smaller, more humble device available in a trio of colors — and likely at a much lower price point.Whereas the CloudMobile is said to feature a 4.3-inch qHD display, the Liquid Glow opts for a 3.7-inch, 480×800 pixel unit. On the back, there’s a serviceable 5MP camera with LED flash. The proverbial cheese stands alone on the Liquid Glow, too — there’s no front-facing camera visible in Acer’s press shots, and there’s no mention of one in the release. Inside, you’ll find a single-core Qualcomm 7227A 1GHz processor, 512MB of RAM, and 1GB of internal storage. MicroSD expansion isn’t noted either, but it’s almost certainly tucked beneath the Liquid Glow’s battery cover. NFC support is built in, so you’ll be able to take advantage of Android 4.0’s bevy of tap-to-share features.With its single-core chip, low-megapixel camera, scant RAM and internal storage, and lack of video chat capabilities, it’s a safe bet that the Liquid Glow will wind up as a freebie offering on whatever mobile carriers wind up stocking it. While you won’t be able to play some of the more intense games you can now download from the Android market, the Liquid Glow does still offer the latest version of Google’s OS and NFC support…and the fact that you can pick one up in pink will no doubt help move a few units.More at Acer and Pocket Lint
Kaylei Lane, 11, adorns a letter with dog stickers and a drawing of a dragon in her fifth-grade class at Burnt Bridge Creek Elementary School.In the letter, destined for a pen pal she’s never met, Kaylei gushes about her pets and frets about her aunt’s coming move several states away to Arizona. Once a month, eager fifth-graders at six schools in Clark County receive and respond to letters they exchange with adult pen pals.“It’s really exciting,” Kaylei said Tuesday as she dotted the envelope of her two-page letter with glitter. “You don’t know what it’s going to say.”It’s that kind of excitement that’s prompting Volunteer Connections, which administers the RSVP Pen Pal program, to put out the call for more adult volunteers. More schools and students want to write letters than the program has the adults to accommodate, coordinator Steve Smith said.“It’s adult driven,” Smith said.Volunteers and children write letters to each other every month for a full school year. Coordinators deliver messages back and forth from classrooms to adults. The program serves Title I schools, which have high rates of students in free and reduced-price lunch programs.
SZA, 21 Savage leverage huge deals, master recording ownership News SZA, 21 Savage leverage huge deals sza-21-savage-leverage-huge-deals-master-recording-ownership Jul 13, 2017 – 6:12 pm Jimmy Iovine on SZA label deal_071317_Zeitgeist-embed Twitter https://twitter.com/keiopensdoors/status/882839280967491584 Young artists use the power of social platforms to create their brands and build their audience bases, bringing massive bargaining power to major label dealsBrian HaackGRAMMYs Jul 13, 2017 – 6:18 pm GRAMMY.comThe wild west of self-promotion opportunities afforded by modern internet and its ever-expanding interconnected spheres of social media have opened unprecedented doors of opportunity for young artists in recent years. Barriers against entry to the big leagues of the mainstream music industry continue to dissolve, and these changes occur at an increasing rate of acceleration.Previously, a young artist’s biggest barriers to entry may have been the struggle to reach untapped markets of prospective fans, which they would historically need the promotional strength of a major label to identify and activate. Now, the proliferation of peer-connected social music streaming platforms such as SoundCloud, Spotify and AppleMusic make it possible for artists with genuine appeal to cultivate and capture a large audience before ever signing a major record deal.As a natural outgrowth of this era of upheaval in our industry, there has been a fascinating shift in the balance of power. The deals certain young artists are able to sign, as well as the heretofore un-heard-of leverage they can bring to the table during their first encounters with major league players has become a fresh success story of the modern music industry.This ability to independently create first a fan base, and then a movement, has helped exciting young artists — notably Russ, SZA and 21 Savage — leverage deals making headlines.New Jersey-based rapper/producer Russ, for starters, recently made a major a splash with his series of successful SoundCloud releases, many of which have garnered more than 2 million plays in less than six months. However, long before taking his talents for outputting hot rap singles to SoundCloud, he spent more than 10 years building a following and honing his craft.During that time, he released 11 full albums and cultivated a hardcore legion of ride –or-die fans. When it came time to finally cut a deal with a major, Russ had built an engaged audience that allowed him a 50/50 share of the profits for any releases on the label.”Basically, you either get a profit split deal or you get a royalty deal,” said Russ. “Royalty deals are s*** but new artists aren’t getting profit split deals out the gate. I was able to. That has to be part of the narrative.”St. Louis-based R&B/neo-soul singer SZA utilized her social following, with the help of Top Dawg Entertainment, to cut a joint deal with RCA Records that was so strong that even music executive Jimmy Iovine took notice. The obvious through line connecting these three young artists is quite simple: they understand the power of the medium they use to deliver music to their fans, and they’ve paid attention to the history of artists who’ve gone before them.21 Savage’s case in particular is a fascinating yet simple lesson many artists have yet to learn: ownership of the master recordings is crucial.For some artists, the battles over publishing rights and masters ownership has become the stuff of industry legend — cautionary tales for wiser rising stars to take to heart.Prince is arguably one of the most famous cases, having spent decades of his career fighting to regain financial control over the rights to the masters of some of his most beloved recordings, a battle the singer waged from the mid-1980s until 2014.Paul McCartney fought for nearly half a century to recover ownership rights to the Beatles’ massive catalog of hits, finally settling the dispute to his satisfaction just a few weeks ago.As Iovine pointed out in his summation of the changes SZA’s label deal signify, artists who understand the power of current technology are in an incredible position to leverage vastly different deals with major labels than ever before. Meanwhile, the role labels play remains pivotal — perhaps now more than ever.With equal efforts supporting artist development and activating new fan bases now coming from both artists and labels, previously unthinkable new pathways for creating successful music brands will open. The truly exciting aspect now is waiting to see what will come next.How did Jimmy Iovine, Dr. Dre get their start? Industry heavyweights talk HBO’s “The Defiant Ones”Read more Yet another young artist making thoughtful moves to protect his profits and his longevity is 21 Savage. In response to an article from venerable hip-hop blog DJ Booth highlighting SZA’s success story, Savage’s manager triumphantly revealed that, due to the huge following Savage built prior to signing with L.A. Reid’s Epic Records, he was able to leverage a deal that awarded 100 percent ownership of all master recordings to the artist — a deal unheard of even five to 10 years ago. Facebook Email
SpiceJet announced its “Cheaper-than-train-fares” sale on Wednesday, which intensified the ongoing air fare war in the airline industy.Under the new scheme, SpiceJet is offering domestic fares starting from ₹599 all-in. On international routes, the airline is offering tickets ₹3,499 onwards. SpiceJet has reserved 4,00,000 seats with 1,00,000 seats for the ₹599 fare.The offer window that opened on 11 February will close post 13 February midnight. The travel period covered is 1 July to 24 October. Reuters”We are thrilled to continue to make air travel more affordable and accessible for more Indians than ever before, with our new unbelievable offer: the ‘Cheaper Than Train Fares’ sale. Fares for this offer are lower than AC train fares on many routes, and cheaper than non-AC sleeper class trains on several routes.” Chief Commercial Officer Kaneswaran Avili said in a press release.SpiceJet’s Chief Operating Officer Sanjiv Kapoor noted that in a bid to get its planes to operate at full load, the company is offering rates that are lower than train fares.”These are seats that would otherwise go empty and be lost forever, and are priced based on the marginal cost of carrying an extra passenger, not on the average cost. Revenues from such offers contribute incremental revenue for the airline that flows directly to the bottom line”, he added.SpiceJet shares were trading at ₹20.05, a rise of ₹0.05 or 0.25 per cent at the time this story was written – 11:19 a.m.
Listen at WEAA Live Stream: http://amber.streamguys.com.4020/live.m3uA full recap of President Obama’s final State of the Union Address with political commentators Catalina Byrd and Sean Breeze, and Towson University political science professors John Bullock and Tony Campbell. Plus, The Mod Squad, Taya Graham and Stephen Janis of The Real News Network report on city politics and law enforcement, including thoughts on opening day of the 2016 legislative session in Annapolis.These stories and more coming up this evening on AFRO’s First Edition with Sean Yoes.
Posted by CATO to host May 1 info session on changes to the Ontario Travel Act Travelweek Group Thursday, April 19, 2018 TORONTO — The Canadian Association of Tour Operators is hosting a presentation by TICO President and CEO Richard Smart and all Canadian tour operators are invited to attend.CATO Executive Director Pierre LePage says Smart will give an update on the recent changes followed by an open forum and Q&A session with attendees, providing insight into the impact of the changes on all tour operators.The presentation will take place from 3 p.m. to 4:30 p.m. on Tuesday, May 1 at the TICO Board Room, (Travel Industry Council of Ontario), 2700 Matheson Blvd East, Suite 402, West Tower in Mississauga.Both the presentation and open forum are open to all tour operators, both CATO members and non-members, says LePage.Tour operators wishing to attend should email LePage at firstname.lastname@example.org indicating who will be attending and their company name. Tags: TICO << Previous PostNext Post >>
Etihad Airways has won four titles at the annual World Travel Awards ceremony for the Middle East, held last night, including the coveted title of the Middle East’s Leading Airline.The ceremony took place at the Armani Hotel Dubai in the Burj Khalifa, the world’s tallest building, setting the scene for a hugely successful evening for Etihad. The Abu Dhabi-based airline also received the Middle East’s Leading Airline First Class award, Middle East’s Leading Cabin Staff award and Middle East’s Leading Airline In-flight Entertainment award.As voted on by 213,000 travel industry professionals from around the world, the World Travel Awards’ spotlight the best in travel regionally and globally.Peter Baumgartner, Etihad Airways’ Chief Commercial Officer, said: “It is truly an honour to win Leading Airline for the Middle East. Our home market is extremely important to Etihad, so I am especially pleased to be recognised by our guests and peers from the region in this way.“We continually aim to deliver exceptional service and superior product and to receive this award demonstrates that the airline industry and our guests believe we are consistent in doing so. I hope this award encourages more and more customers to fly with the best.”With this title win, Etihad is now the only airline to represent the Middle East region in these categories at the global World Travel Awards held in London later in the year, where the best of the world compete.The award for Middle East’s Leading First Class Airline recognises Etihad’s Diamond First class suites, which feature a luxurious Poltrona Frau leather seat that converts to a fully flat bed, a large wood-finished table, Arabic-styled sliding doors offering complete privacy, a 23-inch personal entertainment screen, a personal wardrobe with mirror, and four individual lighting options with dimmers, in-seat power points and USBs. The First class cabin also includes a spacious and comfortable changing room.The ‘Inspired Service’ concept was a key reason behind Etihad winning the title of Middle East’s Leading Cabin Staff. The concept was developed across all cabins to ensure that each passenger receives a personalised and attentive service, tailored to individual requirements, during the flight.Etihad’s state-of-the art E-BOX on-demand system won the Middle East’s Leading In-flight Entertainment. The E-BOX allows customers to enjoy more than 600 hours of the latest movies, TV shows, music and interactive games as well as recharge laptop computers and mobile devices.In what has been an exciting week for Etihad, the airline’s service was also praised at the Business Travel Awards, where it received the award for Best Cabin Crew. Source = Etihad Airways
The trend of solo travel is rampant among millennials. According to a study by the Princeton Survey Research Associates, 58% of millennials are willing to travel on their own as compared to a much smaller number in the previous generations.The same study also states that 26% of women in the sample set had already travelled solo while a further 27% stated that even though they had not embarked on solo travel yet, they were not opposed to the idea of journeying alone.A lot of factors have led to the popularity of this recent phenomenon, but perhaps none as much as technology.When the word ‘technology’ is mentioned, people instantly equate it with social media platforms like Facebook and Instagram. The role of technology in solo travel is significantly deeper than commonly perceived. It’s a valuable aid for women to explore exotic destinations alone.Solo women travellers often look up special destinations that meet their interests and studies have found that their vacation tends to generally be shopping and spa-centric (it is not that it tends to shopping and spa centric, but their itinerary often includes these). Technology plays an integral part in this regard thanks to blogs and accounts of travellers who may have travelled to such locations and written about their experience, inducing others to enjoy a similar holiday. Between 2016 and 2017, the number of online searches for the following keyword – ‘solo female travel’ grew by a staggering 52%, the study adds.Vishal Kejriwal, CEO and Co-founder of Taxidio Travel India Pvt Ltd said, “We offer a customised experience to female solo travellers on our portal where they can filter out destinations as per their interests and the kind of holiday they desire. Additionally, we understand that safety plays a key role when it comes to travel for these women and therefore we have e-books and online travel guides that detail how safe a city is.”Safety is paramount and therefore, the testimonials of women that have travelled to similar destinations also play a major factor to help them decide. Moreover, with the rise in the number of OTAs, the sheer number of online reviews can help women determine exactly what accommodation is ideal for solo travel. Kejriwal adds that a rating of more than 80% satisfaction level is generally preferred when it comes to searching for the perfect hotel for women.One thing to keep in mind is that a good rating does not necessarily mean that the hotel in question is necessarily ideal for one’s stay. An important parameter that one must keep in mind in this regard is the question of how many reviews there are on the said portal. A healthy rating with a greater number of reviews is far more meaningful than an outstanding rating for another hotel, with only one review.Kejriwal also added, “From envisioning the trip to executing the particulars and experiencing the joy of a holiday fantastically spent, technology can be a great asset. Solo female travel is a trend that has picked up in a big way and should only grow with the passage of time.”
Issues in Banking Regulation and Compliance in Daily Dose, Featured, Government, News Compliance crapo Policy Regulation Senate Banking Committee 2019-04-30 Seth Welborn April 30, 2019 1,068 Views Share The U.S. Senate Committee on Banking, Housing, and Urban Affairs turned its eye toward supervision on Tuesday. During Tuesday’s hearing, titled “Guidance, Supervisory Expectations, and the Rule of Law: How do the Banking Agencies Regulate and Supervise Institutions?” the committee heard from Greg Baer, President and CEO of the Bank Policy Institute, Margaret Tahyar, Partner, Davis Polk & Wardwell LLP, and Patricia McCoy, Professor of Law, Boston College Law School.“Banks receive significant forms of government support and benefits, including deposit insurance and access to the Fed’s discount window,” said Committee Chair Mike Crapo. “In exchange for these benefits, which ensure that American consumers have stable access to their deposits, banking agencies supervise banks and in return expect them to operate in a safe and sound manner.”In her testimony, Tahyar discussed the “shadow” regulatory systems, or oral principles, not made public nor written down. This includes the practice of regulation by negotiation in the application process.“An illustrative example, which can be used because it is one of the few to become public, comes from applications by Citicorp, J.P. Morgan, and Bankers Trust New York Corporation in 1987 to underwrite and deal in municipal revenue bonds, mortgage related securities and commercial paper,” Tahyar said. “During negotiations with agency staff, each applicant ‘voluntarily’ consented to market share limitations while protesting that they saw no need for them. When considered for review by the Federal Reserve Board of Governors, the banks admitted that they agreed to the limitations only to ‘expedite the applications.’”In addition to discussing the supervisory practices of the banks during this hearing, Crapo and the Senate Banking Committee discussed how they are working to reform housing finance, and prevent another major crash.During a hearing earlier this year, the federal banking agencies, including the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency proposed a rule to “limit the interconnectedness of large banking organizations and reduce the impact from failure of the largest banking organizations.” In yet another hearing this year, Crapo and the Committee discussed Crapo’s housing finance reform outline. Under the outline, Crapo said that the new housing finance reforms would protect taxpayers by reducing the systemic, too-big-to-fail risk posed by the current duopoly of mortgage guarantors
Go back to the enewsletterBrand Finance’s Top 5 Hotel Brand PortfoliosHilton Hotels & Resorts has extended its lead as the world’s most valuable individual hotel brand and group portfolio over Marriott, according to the latest Brand Finance rankings.The announcement comes in Hilton’s centenary year in which it was recognised in the United States as the Best Company to Work For in 2019 by Fortune, trumping Salesforce from its perch in the top spot.Brand Finance said Hilton’s namesake saw its brand value jump 17% compared to 12 months ago, to US$7.4 billion, while the Marriott brand fell by close to 8% to a little over US$5 billion. Other brands in the Top 10 included Holiday Inn, Hyatt, Hampton Inn, Shangri-La, Doubletree by Hilton, Courtyard by Marriott, Wyndham Hotels and Resorts and Ramada Worldwide.The report puts Hilton as the leader of the Top 5 Brand Portfolios, with a brand value growth of US$14.7 billion, up 41.4% on the year prior. Marriott’s figure slid 30.1% to US$12.9 billion due to a reduction in brand value as a result of “several challenges in the North American market from hacking scandals to persistent problems with its loyalty schemes”, the independent brand valuation consultancy said.Wyndham Hotels & Resorts retained its number 3 place in the report, despite a brand value decline of 8.2% to be valued at US$7.3 billion, followed by IHG which was nearly 8% higher in 2019 at US$6.6 billion and then Accor, down 0.5% on last year to be US$3.0 billion.“Hilton’s brand value in the top 50 ranking is concentrated across six brands, up from five in 2018, all strongly leveraging the valuable Hilton brand name and each recording solid growth this year. Hilton has continually committed to its relentless expansion program and with thousands of new rooms and hotels in the pipeline, the company shows no signs of slowing down in the coming year,” Brand Finance said.Marriott, on the other hand, saw four hotels drop out of the Brand Finance Hotel 50 ranking, with one new entrant joining.Savio D’Souza, Valuation Director at Brand Finance, commented, “Hilton’s strategic approach to brand growth has allowed it to extend its lead as the world’s most valuable hotel brand. At the same time, endorsement from the flagship brand has rendered benefits across the portfolio as Homewood Suites, Double Tree and Hampton have seen their brand values soar. In its centennial year, Hilton is well positioned for another hundred years of success.”Westin and Residence Inn were the two fastest-falling brands this year, both down 46%.Meanwhile, Royal Caribbean International held on, narrowly, to its title as the top Leisure and Tourism entity for 2019 (up 0.4% year-on-year to a market value of US$3.8 billion), just ahead of TUI (up 3.5% to US$3.7 billion). Norwegian Cruise Line was positioned 3rd at just over US$3 billion (up a whopping 27%) and Carnival was 5th, rising 26.7% to be worth US$2.9 billion.View the full report here.Lead image: Hilton Franklin Cool SpringsGo back to the enewsletter
Police on Wednesday arrested a Limassol 35-year-old man in connection with smuggling some five kilos of cannabis through the post.The suspect, reportedly a special education teacher, was arrested after Greek customs found a Cyprus-bound package at the Athens airport last week containing 5.4 kilos of cannabis.After informing police on the island, the package was sent to Cyprus where the drug squad tracked down the 35-year-old.He was arrested in Limassol on Wednesday as investigation into the case continues.You May LikeLuxury Crossover SUV I Search AdsThese SUVs Are The Cream Of The Crop. Search For 2019 Luxury Crossover SUV DealsLuxury Crossover SUV I Search AdsUndoDr. Marty ProPower Plus Supplement3 Dangerous Foods People Feed Their Dogs (Without Realizing It)Dr. Marty ProPower Plus SupplementUndoSecurity SaversWindows Users Advised To Do This TodaySecurity SaversUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoOur View: Argaka mukhtar should not act as if he owns the beachUndoby Taboolaby Taboola
President Nicos Anastasiades on Tuesday ordered the immediate recruitment of 28 doctors to cover the most urgent needs in the state health sector, which has been plagued with problems due to a lack of staff.The announcement was made by the government spokesman following a meeting at the presidential palace with all stakeholders, as the president took it upon himself to resolve the problems in the sector.“The needs concern the recruitment of 28 doctors with specific specialties, in specific clinics, in all hospitals,” Nicos Christodoulides said.Instructions have been given to kick start hiring positions immediately, he added.Tuesday’s meeting was attended by doctors’ and nurses’ unions, and for the first time, patient association representatives.Christodoulides said the cabinet will meet on Wednesday at 8.30am to discuss matters and take decisions.On Monday, Anastasiades had asked the health ministry to prepare a detailed list of the real needs in the sector.The spokesman said it was the first time such a list was drafted “recording the real needs in medical staff.”The immediate need was for 28 doctors of various specialties.“The decisions – more details will be given tomorrow (Wednesday) – have two objectives: first, to immediately tackle the problems in hospitals, as well as plans to comprehensively resolve all the difficulties faced in hospitals,” the spokesman said.Christodoulides said views were exchanged about the NHS but it was not the main issue on Tuesday.“An effort is in progress and only through reform and (hospital) autonomy can the problems be resolved comprehensively,” he added. “The aim is the implementation of the NHS.”Anastasiades was also planning to meet the leaders of political parties after a final plan is drafted based on his meetings with stakeholders.The chairman of the union of state doctors PASYKI said the aim of the meeting was to find immediate solutions for the lack of staff.Soteris Koumas said the president was also planning to appoint an expert who will survey the public hospitals and prepare a report concerning all the needs in human resources.Koumas stressed the need for implementation of the NHS.“All of us will have a health problem if the NHS is not implemented,” he said.On Friday, it was reported that the only doctor at the Paphos gynaecology department had collapsed the previous day from overwork and the health ministry had to revoke the sick leave of the second doctor from the clinic so he could return to his duties.The collapsed doctor, it was reported, was pulling 24-hour shifts to cope with the workload, as the second gynaecologist was on sick leave.The problem goes back eight months even though the hospital’s management has sent many letters to the health ministry asking for extra physicians, PASYKI said.The head of the state medical service Petros Matsas acknowledged there was a grave problem, but said that they could not find any physicians interested in taking up the empty posts due to the working hours and wages.You May LikeInsured Nation – Auto Insurance QuotesNew Rule in Rowland Heights, California Leaves Drivers FumingInsured Nation – Auto Insurance QuotesUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoPlarium I Vikings: Free Online GamePlay this for 1 minute and see why everyone is addictedPlarium I Vikings: Free Online GameUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoPensioner dies after crash on Paphos-Polis roadUndoby Taboolaby Taboola