M&T Bank Corporation’s Q1 results reveal year-over-year increases in total revenue, as well as an increase in mortgage revenue. The bank also reported an increase in provision for credit losses, from $49 million in Q1 2016 to $55 million in Q1 2017.At the end of Q1 2017, the M&T bank reported a mortgage banking revenue of $85 million, a $3 million increase from Q1 2016, but a decrease from Q4 2016’s $98 million. The bank’s real estate and other foreclosed assets dropped from $188 million to $119 million year-over-year, and quarterly from $139 million.Total nonperforming assets equaled $1.05 billion, down from Q1 2016’s $1.07 billion and Q4 2016’s $1.06 billion.Noninterest expenses, including from mortgage banking, totaled $788 million, up year-over year from Q1 2016’s $776 million and up from $769 million in Q4 2016. Total income from noninterest departments, such as mortgage banking, totaled $447 million, an increase from Q1 2016, but a drop from Q4 2016.“M&T’s financial performance for the first quarter was strong, led by a 26 basis point widening of the net interest margin that resulted in growth in taxable-equivalent net interest income of four percent as compared with the preceding quarter,” said Darren J. King, EVP and CFO at M&T Bank. “Expenses continued to be well-controlled, recognizing the seasonally higher costs traditionally seen in the first quarter for stock-based compensation and employee benefits, and credit quality factors remained stable. In accordance with our capital plan, M&T repurchased $532 million of its common stock and increased the common stock dividend from $.70 to $.75 during the quarter.”M&T reports that the adoption of new accounting guidance for share-based transactions resulted in an $18 million reduction in income tax expense for Q1 2017. Then new guidance requires that all excess tax benefits and tax deficiencies associated with share-based compensation be recognized as income tax expense or benefit in the income statement. mortgage Revenue 2017-04-17 Seth Welborn M&T Posts Q1 Results April 17, 2017 620 Views Share in Daily Dose, Featured, News, Origination, Servicing
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
Fifth of top global grocers will use blockchain by … “In the future, using the technology we’re requiring, a customer could potentially scan a bag of salad and know with certainty where it came from.”Walmart said that with the traditional paper-based method of capturing information that exists at many farms, packing houses and warehouses, tracking down important data from multiple sources is “extremely time-consuming”.With paper-based ledgers, Yiannas mentioned that it may take his team seven days to track down where a product came from. The team has to contact the supplier, get paper records and use those records to contact the company that imported or shipped the product to Walmart’s distribution center.“The food system is absolutely too large for any single entity to [track],” Yiannas said.But blockchain changes that.“We’ve been working with IBM to digitize that, so the information is captured on the farm with a handheld system. It’s [also] captured at the packing house at the supplier,” Yiannas continued. September 24 , 2018 The U.S.’s largest retail chain, Walmart, has asked its supplies of fresh, leafy greens to trace their products back to the farm using blockchain technology within one year.Walmart and Sam’s Club today sent a letter to the suppliers informing them of the change.”Suppliers are expected to have all these systems in place by this time next year,” the company said.The change means that the information gathered by these suppliers will be open and accessible through technology that offers real-time, end-to-end traceability from farm to table, it said.The announcement comes in the wake of a deadly multistate E. coli outbreak earlier this year linked to Arizona-grown romaine lettuce, which killed five people.Frank Yiannas, VP of Food Safety at Walmart, explained that while health officials at the Centers for Disease Control told people to avoid eating lettuce that was grown in Yuma, Arizona, it was difficult for consumers to know how to determine where their lettuce was grown.“None of the bags of salad had ‘Yuma, Arizona’ on them,” he said. You might also be interested in
The Arizona Cardinals had until 6 p.m. Friday to trim their roster to 53 players, and they did so by releasing the following 18 players:Cornerback CREZDON BUTLERLinebacker ANTONIO COLEMANSafety BLAKE GIDEONLinebacker CLARK HAGGANSGuard RUSS HOCHSTEINDefensive tackle RICKY LUMPKINLinebacker COLIN PARKERCornerback LARRY PARKERWide receiver DEMARCO SAMPSONTight end STEVE SKELTONRunning back ALFONSO SMITHLinebacker QUAN STURDIVANTDefensive end RONALD TALLEYDefensive end EVERRETTE THOMPSONTight end MARTELL WEBBCenter SCOTT WEDIGEWide receiver ISAIAH WILLIAMSTackle D.J. YOUNG 0 Comments Share D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ What an MLB source said about the D-backs’ trade haul for Greinke The Cardinals also announced they have placed quarterback Richard Bartel and running back Javarris James on injured reserve, and they have waived-injured linebacker Brandon Williams and receiver Stephen Williams. Cardinals expect improving Murphy to contribute right away Top Stories Nevada officials reach out to D-backs on potential relocation
Still fresh off his team’s loss to the St. Louis Rams, Arizona Cardinals head coach Bruce Arians now has to fix any issues his team had and prepare for their matchup with the Detroit Lions.On The Dan Bickley Show with Vince Marotta on Arizona Sports 620 Monday, Arians talked about some of the things he’s hoping to fix from the game as well as previewed some of the key matchups against the Lions.“When we leave the building today at 5 o’clock, I want everything corrected from this game,” Arians said. “That’s our coaches’ job, that’s our players’ job.” Derrick Hall satisfied with D-backs’ buying and selling LISTEN: Bruce Arians, Arizona Cardinals head coach 0 Comments Share Former Cardinals kicker Phil Dawson retires The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories Aside from the offensive line troubles that have already been well documented, one area that needs fixing according to Arians is putting pressure on the quarterback.“We had good inside pressure, it’s the outside pass rushers that need to stick to their techniques and do what they do best,” Arians said. “Don’t try to create on the run someone you’re not. We were a little bit out of sync on who we were in that ballgame.”When asked about the Lions, Arians first mentioned Detroit’s imposing defensive line, consisting of rookie Ezekial Ansah, Nick Fairly and Ndamukong Suh, who received a hefty suspension from the NFL for a hit during his team’s Week 1 win over Minnesota.Arians also talked planning for running back Reggie Bush, who’s coming off a great all-around performance in week one and is used in a multitude of ways by the Lions.“They have those great wide receivers and you’re going to double-team them a lot so you’re going to have Reggie sitting there one-on-one and that’s the type of running game they want,” Arians explained.Between Bush and All-Pro wide receiver Calvin Johnson, the Cardinals defense will have their hands full against the Lions, who defeated the Minnesota Vikings 34-24 on Sunday. Grace expects Greinke trade to have emotional impact Your browser does not support the audio element.
Top Stories Next season, the NFL will host three games in London.According to NationalFootballPost.com, the Atlanta Falcons, Jacksonville Jaguars and Oakland Raiders will each have a “home game” across the pond.Their respective opponents have not yet been determined, though it is possible the Arizona Cardinals will be one of them.The Cards are already set to play a road game against the Raiders, and they’re also scheduled to visit the NFC South team that finishes in the same spot of the standings as the Cardinals do in the NFC West, which could ultimately be the Falcons. Former Cardinals kicker Phil Dawson retires 0 Comments Share Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact
The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo NFL media analyst Dan Jeremiah is not a soothsayer. No, his job is to evaluate the league’s top young prospects. As it turns out, though, with his latest rankings, he might be on to something when it comes to predictions.This week, Jeremiah came out with his list of the top-10 rookies who will exceed expectations in 2014.Cracking the list was none other than Arizona Cardinals wideout John Brown, the team’s No. 91 overall pick from this year’s draft. Brown might lack ideal size (5-10) and a big-college pedigree (Pittsburg State), but he has rare explosiveness and top speed (see for yourself). He’s received rave reviews during training camp, and he should provide a big-play element to the Cardinals’ passing game.True to Jeremiah’s evaluation, Brown did just that in his first preseason game Saturday night. In Arizona’s 32-0 victory over the Houston Texans, the native of Homestead, Fla. caught five passes for a game-high 87 yards.The performance left starting quarterback Carson Palmer singing his praises.“It amazes me that he came from Division II football,” Palmer said of Brown. “All of a sudden it’s a little bit faster and it’s a little more complicated and there’s pressure and all those sorts of things, but just to see the way he reacted is very encouraging. You’ll know Monday night [against the San Diego Chargers] that he’s not going to change.“He doesn’t go up and down. There’s no ebb and flow with him. He’s very consistent, very calm.” Top Stories Former Cardinals kicker Phil Dawson retires 0 Comments Share Derrick Hall satisfied with D-backs’ buying and selling Grace expects Greinke trade to have emotional impact
Comments Share Derrick Hall satisfied with D-backs’ buying and selling Grace expects Greinke trade to have emotional impact Top Stories Former Cardinals kicker Phil Dawson retires Picking the NFL Most Valuable Player usually comes down to picking between a few good quarterbacks on a few good teams.This season is no exception.For FiveThiryEight’s Benjamin Morris, making an MVP pick (which for the first time in forever isn’t Peyton Manning) comes down to breaking a toss-up between three quarterbacks: the Arizona Cardinals’ Carson Palmer, the New England Patriots’ Tom Brady and the Cincinnati Bengals’ Andy Dalton. As it does for most people, Palmer’s 12-2 record as a starter for the Cardinals over the last two years compared to the 5-5 mark without him goes a long way in swaying Morris’ opinion.With Palmer, the Cardinals offense has scored 0.75 points above expectation per drive. Without him, this plummets to -0.11. This 0.86-point swing — per drive — is huge and can explain most of the Cardinals’ good fortune this year.Thus, on epistemic grounds alone, Palmer seems more likely than Dalton to be the best quarterback.…So let’s say it’s between Palmer and Brady.Unfortunately for New England, Brady doesn’t miss enough games to have his With or Without You (WOWY) stats measured very well.Between the three MVP candidates’ teams, Arizona’s offense has taken the biggest leap forward this season from last.It’s hurt Brady’s case that he’s hardly missed time to compare the Patriots’ offense without him in command. Plus, New England’s upswing on offense only returned the squad to past seasons’ production. Therefore, it’s hard to determine if it’s Brady, the scheme or other players that have made the Pats successful over the last several seasons. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo As for Dalton and the Bengals, well, the catalyst to their ascent this year is even more mysterious.Cardinals fans would probably agree with Morris. Watching Palmer perform with the Cardinals, it’s pretty clear he’s incredibly important to their success.And isn’t that the definition of Most Valuable Player?
Go back to the e-newsletterAward-winning Pan Pacific Perth has unveiled a new MICE offering that will tempt meeting and event planners with exclusive benefits and savings on their 2016 and 2017 events booked this year. Conferences and events held at the five-star hotel will experience complimentary Wi-Fi for all delegates with additional bonus inclusions as well as their day delegate audio-visual package across Pan Pacific Perth’s modern meeting rooms, including two ballrooms.The offer welcomes delegates with exclusive bonus inclusions from complimentary parking to catering enhancements, special venue savings, complimentary transfers, hotel vouchers and more, all based on the unique requirements of each event.For delegates staying at Pan Pacific Perth, the hotel’s Club Rooms and Suites extend the five-star service with Pacific Club privileges. These benefits include priority check-in, Pacific Club Lounge access, daily breakfast in the Pacific Club Lounge or Montereys Restaurant from 6am to 10am, delectable evening drinks and canapés, all day refreshments, business facilities, as well as complimentary in-room and Club Lounge Wi-Fi access to ensure your guests can stay connected.Recently awarded ‘Meeting Venue – 500 Delegates or More’ for the third consecutive year at the Meeting & Events Australia (MEA) WA Industry Awards, Pan Pacific Perth’s commitment to unparalleled service complete with the largest Convention Floor of any five-star hotel in the Perth CBD, ensures each event is seamless and impressively memorable.Situated on the banks of the stunning Swan River and just steps from Perth’s premiere business and entertainment precinct, the hotel is optimally located to host meetings and corporate functions of all kinds. Whether you are looking for a conference room, intimate meeting space or a more extravagant corporate function hire, Pan Pacific Perth and their team of experienced Event Planners will provide you with the perfect venue to ensure a successful event.Along with the freshly enhanced Premier Rooms and Suites, the newly refurbished lobby at Pan Pacific Perth will provide delegates with a welcoming experience and a modern space to begin their stay. Before any meeting or event, delegates will be greeted by a ‘Pacific Ambassador’ who will be on hand to ensure guests have a smooth arrival and departure, assisting visitors with their bags, check-ins or departures. Additional enhancements to the lobby include a new business centre, which is fully equipped with three new Mac computers, printing facilities, a conference table for business meetings, as well as lounges for informal coffee meetings. Complimentary Wi-Fi is also available within the lobby, as Pan Pacific Perth understands the importance of staying connected whilst travelling for business.Perfectly crafted catering packages are available to complement corporate functions as well as completely customised menus with the help of the hotel’s experienced culinary team. Delegates can also enjoy the convenience of the Meeting Concierge services available for use in the Executive Meeting Centre, ‘Meetings on 5’.Go back to the e-newsletter
Preferred Hotels & Resorts welcomed 23 new member hotels across 13 countries to its brand portfolio from May to July 2017. Travellers to the Asia Pacific now have even more options to experience #ThePreferredLife with nine new hotel members across the region.Highlights of the newest hospitality experiences within the Preferred Hotels & Resorts Asia Pacific portfolio include:In Tokyo, JapanCerulean Tower Tokyu Hotel – Featuring 40 stories of sophisticated guest rooms, renowned restaurants, and an abundance of amenities, the Cerulean Tower Tokyu Hotel is a chic, luxury property just steps away from the bustling Shibuya Station and iconic attractions such as the Hachiko and Shibuya Crossing, the world’s busiest pedestrian intersection. Guests who want to stay close to “home” can enjoy traditional French Provencal cuisine overlooking the Tokyo skyline at the hotel’s restaurant Coucagno, or pay a visit to the on-site Noh Theater where traditional Japanese performing arts are regularly scheduled.Hotel Chinzanso Tokyo – This contemporary luxury hotel is nestled within a picturesque five-hectare Japanese garden located in the heart of Tokyo. The award-winning property features 267 elegant guest rooms, most with astounding views of the surrounding garden that houses historical artifacts, and a majestic three-storey pagoda dating back to the 14th century. Hotel guests can partake in a traditional Japanese tea ceremony at the on-site 100-year-old tea house, or indulge in culinary creations at one of the hotel’s nine restaurants.In Ho Chi Minh, VietnamWindsor Plaza Hotel – Offering 376 rooms replete with Medea furnishings and modern amenities, this city oasis is located in the historical District 5, otherwise known as Cholon, Vietnam’s largest Chinatown. This locale is teeming with bustling markets, ancient pagodas, and nearby iconic landmarks such as the Bến Thành markets and Reunification Palace, all easily accessible via the hotel’s hourly shuttle bus. Guests who wish to get a panoramic bird’s eye view of the Ho Chi Minh cityscape need only head up to the rooftop where the award-winning open-air Top of The Town Bar & Restaurant offers an extensive international wine list and delectable Vietnamese dishes to enjoy.Sherwood Suites – Strategically located in the heart of the city, the soon-to-be opened Sherwood Suites offers 157 well-appointed studios, one- and two-bedroom apartments and penthouses that boast stylish Italian furnishings and fully-equipped kitchens – perfect for both business guests and leisure travellers alike. Amenities include a temperature-controlled swimming pool, a restaurant serving Asian and Mediterranean cuisines, a children’s playroom, and a private cinema. Guests can hop on the hotel’s hourly shuttle bus to explore nearby attractions such as the Notre Dame Cathedral, the War Remnants Museum and The Saigon Opera House. In Chengdu, ChinaMinyoun Chengdu Dongda Hotel – This stunning 333-room hotel is located high above Chengdu’s central business district between the 33rd and 48th floors of Minyoun Financial Plaza Mansion, offering all guests unparalleled views of the city and the Jinjiang River nearby. Lan Kwai Fong Chengdu, the flagship project in the Chinese Mainland by Hong Kong’s Lan Kwai Fong Group – a veritable showcase of the latest fashion trends, international cuisine and exciting entertainment options – is a short walk away. Guests who wish to sample authentic Sichuan and Cantonese dishes without leaving the confines of their home base will enjoy the hotel’s YiPalace, one of Chengdu’s top destinations for traditional Chinese cuisine.Additional properties that joined Preferred Hotels & Resorts between May and July 2017 include:From Asia PacificBiyadhoo Island Resort (South Male Atoll, Maldives)Minyoun Chengdu Kehua Hotel (Chengdu, China)WelcomHotel Coimbatore (Coimbatore, India)The Chedi (Mumbai, India)From the Americas & the CaribbeanIBEROSTAR Grand Hotel Paraiso (Playa Del Carmen, Mexico)IBEROSTAR Grand Hotel Bavaro (Punta Cana, Dominican Republic)Grand Polanco Residencial (Mexico City, Mexico)The Guest House of Graceland (Memphis, Tennessee, United States)Naples Bay Resort (Naples, Florida, United States)Bear Mountain Inn (Bear Mountain, New York, United States)Water’s Edge Resort & Spa (Westbrook, Connecticut, United States)Ambassador Chicago (Chicago, Illinois, United States)IBEROSTAR Grand Hotel Rose Hall (Montego Bay, Jamaica)From EuropeMerchants Manor Hotel & Spa (Falmouth, United Kingdom)Pestana Vintage Porto Hotel (Porto, Portugal)Hotel Bristol Palace (Genova, Italy)Allium Villas Resort (Bodrum, Turkey)Hotel MiM Sitges (Sitges, Spain)Travellers can book a stay at any of these hotels online or via their mobile device through the new iPrefer mobile app, available to members of the Preferred Hotels & Resorts iPrefer hotel rewards programme, which extends points redeemable towards free nights and other on-property expenditures, elite status, and other complimentary benefits to guests. Free to join, the iPrefer hotel rewards program currently has 1.8 million members.
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
Bill Cosby lawyer attacks accuser as prosecutors build case by Michael R. Sisak, The Associated Press Posted Apr 9, 2018 11:20 pm PDT Last Updated Apr 10, 2018 at 7:00 pm PDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email FILE ‚Äì In this Feb. 11, 2016, file photo, Heidi Thomas, a Denver woman who claims she was assaulted by Bill Cosby, heads to a hearing room after a news conference at the state Capitol in Denver. Cosby’s retrial took a far more combative turn Tuesday, April 10, 2018, than the first go-round, as his lawyers launched a withering attack on his accuser and prosecutors put the first of a parade of women on the stand to portray Cosby as a sexual predator. Thomas, who was a 24-year-old-aspiring actress when she met Cosby in Reno, Nevada, testified the comedian knocked her out with a potent glass of wine and forced her to perform oral sex. (AP Photo/David Zalubowski, File) NORRISTOWN, Pa. – Bill Cosby’s retrial took a far more combative turn Tuesday than the first go-round, as his lawyers launched a scathing attack on his accuser and prosecutors put the first in a parade of women on the stand to portray the comedian as a sexual predator.Heidi Thomas, who was a 24-year-old aspiring actress in 1984 when she met Cosby in Reno, Nevada, testified he knocked her out with a potent glass of wine and forced her to perform oral sex.Prosecutors have lined up five accusers in all to make the case that the TV star, once revered as America’s Dad, made a habit of drugging and assaulting women well before he was charged with violating Andrea Constand at his suburban Philadelphia home in 2004.Cosby’s lawyer urged jurors to ignore the other accusers — calling them irrelevant to this case — but saved most of his fire for Constand, branding her a “con artist” who tried to frame the comedian for the money.Tom Mesereau, delivering his opening statement a day after prosecutors took their turn, said Constand “hit the jackpot” when Cosby paid her $3.4 million over a decade ago to settle her lawsuit against him.“What did she want from Bill Cosby?” Mesereau said. “You already know the answer: money, money and lots more money.”His attack on Constand was a striking departure from the more subdued tone that Cosby’s previous lawyer took at the first trial, which ended in a hung jury last spring.It was also a likely glimpse of what’s to come when the former Temple University basketball administrator takes the stand to say Cosby made her woozy with pills and then penetrated her with his fingers.Cosby, 80, is charged with three counts of aggravated indecent assault, each punishable by up to 10 years in prison.As they began building their case against Cosby, prosecutors chose Thomas, now a Colorado music teacher, as their first substantive witness.Thomas, who said her agent had arranged for Cosby to give her acting tips, told the jury that she took a sip of white wine that Cosby gave her as they rehearsed a scene in which she was portraying a drunken woman. Thomas said her next memory was waking up with Cosby forcing himself on her.She said she remembered thinking she felt sick and wondering, “How did I get here?”Thomas testified she blamed herself for what happened, thinking she must have said or done something that led Cosby to believe she would be open to his advances. She never told her agent or her parents about the alleged assault.“I was pretty sure whatever I did was my fault,” Thomas testified, adding: “I was just going to move on. And I did.”Thomas, who went public with her allegations in 2015, has teamed with other Cosby accusers to lobby for longer statutes of limitations for sex crimes, including a successful effort to double Colorado’s to 20 years.Under cross-examination, Thomas testified that she chronicled her trip to Reno in a scrapbook and recorded a cassette tape at the home where she had the encounter with Cosby. She said she wanted to recount the trip for her mother and agent but destroyed it years later after seeing a psychiatrist.It made no mention of the alleged assault, Thomas said, because she had planned to give it to her mom.Defence attorney Kathleen Bliss is to continue questioning Thomas on Wednesday.Earlier Tuesday, Mesereau told the jury that Constand was in deep financial trouble and set out to exploit her relationship with Cosby.Constand stiffed roommates on utility bills, racked up big credit card bills and operated a Ponzi scheme while running women’s basketball operations at Temple, where Cosby was an alumnus and trustee, Mesereau said.He said Constand went to Cosby’s home at least a half-dozen times and sneaked into bed with him at a Connecticut casino, winning his trust so she could set him up later, he said.Constand outlined her scheme to a Temple colleague, Marguerite Jackson, Mesereau said. The defence plans to call Jackson as a witness, and Mesereau said she will testify that Constand mused about setting up a celebrity so she could sue and get money.“A con artist is what you get, ladies and gentlemen of the jury,” the defence attorney said. “A con artist. And we’ll prove it.”Cosby’s legal team at his first trial wasn’t nearly as aggressive in attacking Constand, focusing instead on inconsistencies in her statements to police and arguing the pair had a romantic relationship. The jury that time was not permitted to hear about the settlement, nor was Jackson allowed to take the stand.Under no such constraints this time, the defence let loose on Constand.Mesereau also urged jurors to set aside any sympathy they might have for the #MeToo movement against sexual misconduct that has toppled Harvey Weinstein, Sen. Al Franken, Matt Lauer and other powerful men in recent months.The comedian arrived at the courthouse Tuesday amid heightened security after a topless protester who appeared on several episodes of “The Cosby Show” as a child jumped a barricade on Monday and got within a few feet of Cosby as he entered the courthouse.Cosby was surrounded by five sheriff’s deputies as he walked inside Tuesday.The Associated Press does not typically identify people who say they are victims of sexual assault unless they grant permission, which Constand and Thomas have done.___Follow Mike Sisak at twitter.com/mikesisak___For more coverage visit apnews.com/tag/CosbyonTrial
Fox looks to expand ’24’ franchise with prequel, legal drama BEVERLY HILLS, Calif. – Fox is developing two potential new series for its “24” drama franchise.Fox executives Dana Walden and Gary Newman told a TV critics’ meeting Thursday that veteran “24” producers Howard Gordon and Brian Grazier are working on the ideas.One is a prequel to the original series and involves “24” creators Joel Surnow and Bob Cochran, said Walden.The other series is set in the legal world and would be a new take on the franchise, she said. The action unfolds in the 24 hours before a prisoner’s execution and involves high “emotional stakes,” Newman said.They didn’t share further details.Kiefer Sutherland starred in the original “24” that aired from 2001 to 2010 and in a limited 2014 version. The short-lived 2016-17 reboot “24: Legacy” featured Corey Hawkins. by The Associated Press Posted Aug 2, 2018 7:40 pm PDT Last Updated Aug 2, 2018 at 8:20 pm PDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email
NEW YORK, N.Y. – The very mention of Manchester still brings Ariana Grande to tears.The singer cried during an interview Friday with Ebro for Beats 1 on Apple Music as she shared thoughts on the 2017 concert in England, when a suicide bomber killed 22 people.She said that terrorists “want you to be afraid,” adding that those who just heard about it in the news had moved on. But for her and others, the challenge became just to “live in the moment” and not be overwhelmed by fear.Her album “Sweetener” includes a song for Manchester survivors, “Get Well Soon.” It was released Friday.Grande also spoke of fiancé Pete Davidson, of “Saturday Night Live.” She said she hoped to be married within five years, and that she’d “probably” like to have 3 children. by The Associated Press Posted Aug 18, 2018 10:12 am PDT Last Updated Aug 18, 2018 at 11:20 am PDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Ariana Grande tears up as she recalls Manchester tragedy FILE – In this June 2, 2018 file photo., Ariana Grande performs at Wango Tango at Banc of California Stadium in Los Angeles. The singer cried during an interview Friday, Aug. 17, 2018 with Ebro for Beats 1 on Apple Music as she shared thoughts on the 2017 concert in England, when a suicide bomber killed 22 people. She said that terrorists “want you to be afraid,” adding that those who just heard about it in the news had moved on. But for her and others, the challenge became just to “live in the moment” and not be overwhelmed by fear. (Photo by Chris Pizzello/Invision/AP)
March 5, 1997Seminar with Paolo Soleri.
Customs on Wednesday seized a large amount of tobacco and veterinary pharmaceuticals coming from the north.Officers seized 24 cartons each containing 200 cigarettes and 3,050 grammes of rolling tobacco that appear to have come from the north from a Nicosia kiosk on Wednesday afternoon.The tax on the cigarettes and the tobacco amounted to € 1,490, the customs department said.The owner of the kiosk and his wife were subsequently arrested and the man’s car was also confiscated.They were released after the case was settled with an out-of-court settlement that saw them pay €9,500 for the goods and an additional €500 for the return of the car.The tobacco products were destroyed by the customs department.On the same day, officers found and seized 81 packages of banned veterinary pharmaceuticals in a vehicle coming from the north at the Astromeritis checkpoint.The 64-year-old driver, a resident of Nicosia, was arrested and the drugs as well as the car were seized.You May LikeHeart Failure Treatment | Search AdsThe Early Signs Of Heart Failure. Search Acute Heart Failure TreatmentHeart Failure Treatment | Search AdsUndoSenior Living | Search AdsThe Cost of Senior Living in Rowland Heights Might Surprise YouSenior Living | Search AdsUndoClassmates.comLook For Any High School Yearbook, It’s FreeClassmates.comUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoThe Deniz boat incident showed clearly the intentions of the Turkish sideUndoby Taboolaby Taboola
THE Turkish Cypriot union of writers and artists has decided to drop the word ‘Turkish’ from its title and limit the term TRNC in a bid to draw people from all backgrounds and fight racism.According to Yeni Duzen newspaper, the union’s 14th general meeting unanimously voted to make the changes to allow it to “draw artists and writers of different ethnicity, religion, and language, and at the same time to express strong condemnation to the rising racism in Cyprus and across the globe.”The union has been active for the past 28 years.It will continue its activities in Cyprus and abroad and will work for peace, social justice and equal rights.You May LikeHeart Failure Treatment | Search AdsThe Early Signs Of Heart Failure. Search Acute Heart Failure TreatmentHeart Failure Treatment | Search AdsUndoSenior Living | Search AdsThe Cost of Senior Living in Rowland Heights Might Surprise YouSenior Living | Search AdsUndoClassmates.comLook For Any High School Yearbook, It’s FreeClassmates.comUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoThe Deniz boat incident showed clearly the intentions of the Turkish sideUndoby Taboolaby Taboola
President Nicos Anastasiades arrived in Lebanon on Sunday for a three-day official visit.Anastasiades is to hold official talks on Monday with Lebanon’s President Michel Aoun. Among the issues to be discussed are the bilateral relations of the two countries, regional matters, EU-Lebanon relations and the latest developments on the Cyprus problem.During his stay in Beirut, Anastasiades will also meet with the Patriarch of Maronites Bechara Butros Rai, the Grand Mufti of Lebanon Sheikh Abdel-Latif Derian, the Patriarch of Antioch and All the East John X, and the Patriarch of Armenians, Aram.He will also meet with Prime Minister Saad Hariri and House Speaker Nabih Berri.On Wednesday, Anastasiades is to address a business forum organised by the Chambers of Commerce of Cyprus and Lebanon.The president, who will be accompanied by the ministers of foreign affairs and energy and the government spokesman, is to return to Cyprus on Wednesday evening.You May LikeFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes? Better safe than sorryFigLeaf Beta AppUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndoSenior Living | Search AdsLuxury Senior Apartments in Rowland HeightsSenior Living | Search AdsUndo Concern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoAuthorities release five of 12 Israeli rape suspects, seven due in court FridayUndoby Taboolaby Taboola
Limassol Municipality announced on Monday that it has extended the working hours of lifeguards on Akti Olympion beach for the summer months.For July and August, the municipality said, Akti Olympion beach will be supervised by lifeguards daily between 6am and 8pm.The decision followed the demand of lifeguards to extend their working hours to ensure the safety of swimmers.You May LikeFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes? Better safe than sorryFigLeaf Beta AppUndoCity BeautyDo This To Fix Sagging Jowls Without SurgeryCity BeautyUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndo Pensioner dies after crash on Paphos-Polis roadUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboola
A 32-year-old Chinese woman was killed and five other individuals were injured, one serious, on Monday evening after the speedboat they were in crashed into rocks in the Blue Lagoon area in the Akamas, reports said.She had been aboard a speedboat with a Chinese family of four who was holidaying in Cyprus and the boat’s operator, Minas Ioannou, who was seriously injured in the incident, which happened at around 7pm.The children are said to be around 10 and 11, reports said. The woman who died is said to be a permanent resident of Cyprus living in Limassol.The injured were collected by marine police and other boats, which were in the area. They were rushed to Latchi harbour where awaiting ambulances took them first to Polis hospital and then Paphos general hospital.Police were trying to determine the circumstances of the accident.You May LikeFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes? Better safe than sorryFigLeaf Beta AppUndoYahoo SearchResearch Compact SUVs. New SUVs May Make You Want To Trade Yours In Today – See For Yourself!Yahoo SearchUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndo Pensioner dies after crash on Paphos-Polis roadUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboola