Dutch Owner Fined USD 34 Mn for Beaching a Ship

first_imgzoomIllustration; Image Courtesy: NGO Shipbreaking Platform Dutch ship owner Holland Maas Scheepvaart Beheer II has paid a price tag of almost EUR 3 million (USD 3.4 million) for having beached a vessel for scrapping in India.According to a report by NGO Shipbreaking Platform, the company has been fined EUR 780.000 and paid a settlement of EUR 2.2 million after it sold the HMS Laurence to a cash buyer in 2013.The vessel ended up in Alang, India, where it was broken under conditions that “cause serious damage to the environment and expose the health of workers and the local population to grave danger,” the association cited the Dutch Public Prosecutor.Following criminal investigations on the illegal export of the vessel from Italy, the Dutch Public Prosecutor agreed to a settlement of EUR 2.2 million, the amount that Holland Maas Scheepvaart Beheer II had earned by selling the ship to the beaching yard.The Prosecutor stated that it had accepted the settlement as the company has announced that it will take measures to avoid scrapping vessels on beaches in the future.In March last year another Dutch shipping company, Seatrade, was convicted for having intended to scrap four vessels in India. Five subsidiaries of the company received fines, as did two of Seatrade’s CEOs, who were also sentenced to professional bans.Under the new legal regime, EU-flagged ships must be recycled only in safe and sound facilities included by the EU in the European List of ship recycling facilities. Beaching yards would not be accepted on the EU list as they fall short of the environmental and safety requirements that the Regulation sets, NGO Shipbreaking Platform noted.last_img read more

Nova Centre Development Moves Ahead

first_imgNova Centre, the largest integrated development project in Nova Scotia’s history, will move forward, creating thousands of jobs, attracting thousands of new visitors, and revitalizing downtown Halifax. The province announced today, July 12, with its federal and municipal partners, that work will begin on a new convention centre in the Nova Centre development. As well, the province, with the developer, will hold a series of public engagement sessions about the centre across the province. “The Nova Centre will change the landscape of downtown Halifax, and also help change the economic landscape across the province,” said Percy Paris, Minister of Economic and Rural Development and Tourism. “The Nova Centre will allow us to work with international business to attract bigger, better partners and organizations to the region; to look more closely at joint ventures.” In just 10 years, the convention centre is expected to generate $85 million in provincial tax revenue, which will support essential priorities like health care and education. “This development will cement our position as the capital of Atlantic Canada,” said Mr. Paris. “Nova Scotia will be home to the first convention centre in the region capable of hosting significant national and international events, events we have not been able to host in the past.” Public input is a key component of new centre’s development. Tim Merry will lead 11 public forums throughout Nova Scotia, on behalf of Rank Inc. and the province, to learn about the vision Nova Scotians have for the Nova Centre, and ensure all will benefit from the economic opportunities the convention centre will provide. Attendees will help to identify ways the new convention centre can attract more visitors to Nova Scotia, and inspire those visitors to travel throughout the province to experience everything it has to offer. “Every new convention Nova Scotia attracts is an opportunity to expose new audiences to our 11 universities, our competitive business climate, local products, diverse research and innovation. Every new visitor is a potential investor or a return visitor,” said Mr. Paris. The convention centre will operate under a Memorandum of Agreement between the province and Halifax regional council. For more information on the public consultation sessions, visit buildyourcentre.ca .last_img read more

Province Takes Energy Plan Tour for Lowest Fairest Rates to Stellarton

first_img the 62.1 megawatt Glen Du Wind Farm which produces enough power to supply about 18,000 homes and has a signed power purchase agreement with Nova Scotia Power for twenty years. Glen Du is a independent power producer the 51-megawatt Dalhousie Mountain Wind Farm, also an independent power producer, which produces enough power to supply about 20,000 homes Community Feed-in Tariff (COMFIT) projects have been approved for New Glasgow, Barney’s River, Merigomish, Irish Mountain, and Riverton. These projects will generate varying amounts of energy once completed. They are local projects that will benefit local residents and businesses a partnership between Sobeys Atlantic and Efficiency Nova Scotia which enabled Sobeys to undertake waste reduction, sustainable sourcing and reduction of its carbon footprint. The project helped Sobeys achieve energy savings of over 4.9 gigawatt hours, a savings of over $500,000 in annual electrical costs, and reduction of its environmental footprint by over 3,700 tonnes of carbon dioxide Trinity Inspection Services, based in Stellarton, delivers Efficiency Nova Scotia’s direct install, home-energy audit and low-income programs to homeowners in northern mainland Nova Scotia. It sees first-hand how energy efficiency programs improve people’s lives. For instance, an elderly woman was saved the stress of moving because she was able to upgrade her home through an Efficiency Nova Scotia program. As well, through the Direct Install Program, from September to January of last year, there were one million kilowatt hours saved in northern mainland Nova Scotia. Residents of Pictou County heard first-hand from Energy Minister Charlie Parker in Stellarton today, March 18, on what government is doing to ensure Nova Scotians have the lowest, fairest electricity rates over the long term. “We know that rising electricity rates are top of mind for everyone,” said Mr. Parker. “We are not going to sit back and do nothing to address the issue. We are taking action that will make a real difference. “We have already removed the provincial portion of the HST from basic home electricity. This saves families millions of dollars every year, but we did not stop there. We have developed an energy plan to ensure the lowest, fairest rates for Nova Scotians, a plan that can be summed up as local, reliable, green, tax-free and efficient.” Government’s energy plan is already at work in communities across the province. In the Pictou region, the province is working with communities and others that are making innovative and positive change for their future, and the future of Nova Scotia. Energy-related projects taking place in the area include: “In addition, every megawatt of energy produced through COMFIT results in significant economic activity in the local community,” said Mr. Parker. “And when we are using locally manufactured turbines and towers, there are even more jobs created. “So we’re very pleased to be creating the right conditions for these investments. These projects will help stabilize electricity prices in Nova Scotia and benefit the environment.” Brian Cullen, chief administrative officer, Municipality of Pictou County speaks highly of the program. “The province’s COMFIT program has been instrumental to us developing energy projects that will help us to generate our own clean electricity while creating jobs and helping the environment.” Mr. Parker and Department of Energy deputy minister Murray Coolican also provided information and an overview of the Muskrat Falls/Maritime Link project. The project will provide Nova Scotians with a reliable source of clean energy at predictable, stable rates for 35 years. It is the lowest long-term cost option for the province to meet federal environmental requirements, and it will also provide jobs, generate economic activity, and give the province a second connection to the North American electricity grid and therefore more options for purchasing energy in the future.last_img read more

Province and BC Cattlemens to investigate how livestock can help prevent forest

first_imgVICTORIA, B.C. – The Province of B.C. will provide the B.C. Cattlemen’s Association with $500,000 to investigate using grazing livestock to help prevent forest fires.“Using cattle and livestock grazing minimizes the growth of annual and perennial grasses, which helps to reduce wildfire risks,” said Doug Donaldson, Minister of Forests, Lands, Natural Resource Operations and Rural Development. “It’s one example of what we’re doing to reduce the threat of wildfires, while supporting the ranching sector and maintaining wildlife habitat in our province.”The Province will be working with local governments, the ranching sector and Indigenous communities to develop partnerships and provide opportunities for livestock owners, stakeholders and other interested parties. “Reducing the risk of wildfires and adapting to a changing climate requires more action than the status quo of the last 20 years,” said Lana Popham, Minister of Agriculture. “B.C.’s beef producers are well known for raising high-quality grass- and range-fed beef, and we’re working with them to find ways to combine that practice with reducing vegetation that fuels wildfires. It’s an intriguing model that I’m hopeful will become a mainstay in our efforts to protect our communities and resources from fires, as well as supporting B.C. ranchers and B.C. beef.”While targeted grazing using livestock is not a solution to all fuel management challenges, it is a powerful tool when used in combination with other methods, such as prescribed burning and selective tree harvesting.Wildfire prevention programs in southern Europe and parts of the U.S. are successfully using livestock to graze fuel breaks around communities and reduce the risk of wildfires.“The last two fire seasons have seen unprecedented resources burn in the province,” said Kevin Boon, general manager of the BC Cattlemen’s Association. “These events have shown us the value of agriculture, specifically cattle grazing, in mitigating the start or spread of fires while assisting in firefighting efforts. Cattle grazing reduces the fine fuels available for fires to take hold. This funding will allow us to develop partnerships in interface areas to help protect our lands, forests and communities, while producing some of the best quality food in the world.”Using livestock grazing to reduce the amount of herbaceous fine fuels in an area is a low carbon, cost-effective method that supports local food production and provides new opportunities for ranchers.last_img read more

Closing Bell TSX closes little changed after US Europe impose tough sanctions

TORONTO — The Toronto stock market closed little changed Tuesday after the U.S. and European Union adopted tough new sanctions on Russia over that country’s continued support of Ukrainian rebels, who have been blamed for the downing of an airliner by a missile earlier this month.Here are the closing numbersTSX — 15,446.55 1.33 0.01%S&P 500 —  1,969.95 -8.96 -0.45%Dow — 16,912.11 -70.48 -0.48%Nasdaq — 4,442.70-2.21 -0.05%The TSX had spent most of the session well into positive territory thanks in part to positive earnings news and data that showed a marked improvement in U.S. consumer confidence but the S&P/TSX composite index closed up 1.33 points to 15,446.55.The Canadian dollar was down 0.5 of a cent to 92.09 cents US.New York markets were lower as traders considered new measures that specifically target sectors of the Russian economy, including energy, weapons and finance. Also, Russian state-owned banks will be banned from selling bonds or equities with a maturity of over 90 days in European capital markets.New York’s Dow Jones industrials dropped 70.48 points to 16,912.11, the Nasdaq was down 2.21 points to 4,442.7 and the S&P 500 index shed 8.96 points to 1,969.95.Indexes had earlier advanced after the U.S. Conference Board reported that its Consumer Confidence Index jumped to 90.9 in July — the highest level since October 2007.WestJet (TSX:WJA) was a major gainer on the TSX, up $1.07 or 3.9% to $28.49 as the airline beat forecasts for profit and revenue as it posted net earnings of $51.8 million, or 40 cents per share, up from C$44.7 million, or 34 cents a share, a year earlier.George Weston Ltd. (TSX:WN) reported a quarterly net loss of $208 million, or $1.71 per share, compared with a net profit of $97 million, or 68 cents per share, in the same quarter of 2013 as it digests the acquisition of Shoppers Drug Mart by subsidiary Loblaws.Total sales were $10.59 billion compared with $7.52 billion and its shares advanced $1.13 to $86.96.And Talisman Energy (TSX:TLM) posted a loss of $237 million, or 23 cents per share, compared with a profit $97 million, or nine cents, per share in the same quarter of 2013. Its shares added 21 cents to $11.93.It is a very heavy week for Canadian corporate earnings news, with the accent on the resource sector. However, with the energy sector up 18% so far in 2014, further gains could be elusive.“I think with oil trading around $100, with all the geopolitical risk out there keeping the oil price firm, that most of the good news is already in the energy name,” said Paul Taylor, chief investment officer, asset allocation, for BMO Global Asset Management Canada.A major decliner in New York was Herbalife Ltd. The seller of supplements and weight loss products on Monday reported quarterly profit that decreased by 17%. Its shares plunged 13.4% to US$58.42.The tech sector fell 0.8% with BlackBerry (TSX:BB) down 43 cents or 4% to $10.32 as the company said that it will acquire anti-eavesdropping security firm SecuSmart for an undisclosed amount. The German company provides high-level voice and data encryption.The base metals sector was up 0.9% while September copper eased two cents to US$3.22 a pound.The TSX energy sector slipped 0.17% with the September crude contract in New York down 70 cents to US$100.97 a barrel.The gold sector declined 0.26% as August bullion faded $5 to US$1,298.30 an ounce.TOP STORIESFord dropping BlackBerry handsets for employees worldwide, converting to iPhonesExxon eyes cheaper, floating LNG option for B.C. projectBlackBerry buys anti-eavesdropping firm to bolster its security edge in enterprise marketWestJet Airlines shares climb most in nearly a year after 16% rise in profitTalisman Energy posts surprise second-quarter net loss of $237-millionWHAT’S ON DECK WEDNESDAYECONOMIC NEWS U.S. Federal Reserve rate decision at 2 p.m.CANADA8:30 a.m. Industrial product price index (June): Economists expect 0.2% rise Raw materials price index (June): Economists expect 0.6% riseUNITED STATES8:15 a.m. ADP National Employment Report (July): Economists expect 230,000 jobs, down from last month8:30 a.m. Real GDP (Q2): Economists expec 3% growthCORPORATE NEWSCANADA Agnico Eagle Mines Ltd    Q2 earnings: Analysts expect   28¢ a share Ballard Power Systems    Q2 earnings: a loss of 2¢ a share Barrick Gold Corporation     Q2 earnings: 15¢ a share Cenovus Energy Inc Q2 earnings: 50¢ a share Cgi Group Inc    Q2 earnings: 73¢ a share First Quantum Minerals Ltd Q2 earnings: 24¢ a share Hudbay Minerals Inc Q2 earnings: 3¢ a share Kinross Gold Corp    Q2 earnings: 4¢ a share Lundin Mining Corp    Q2 earnings: 6¢ a share Macdonald Dettwiler & Assoc Ltd Q2 earnings: $1.39 a share Open Text Corporation Q2 earnings: 94¢ a share Penn West Petroleum Ltd Q2 earnings: 11¢ a share Sherritt International Corp Q2 earnings: a lost of 7¢ a share Suncor Energy Inc    Q2 earnings: 98¢ a share Taseko Mines Ltd Q2 earnings: 1¢ a share Thomson Reuters Corp    Q2 earnings: 46¢ a share Transalta Corp     Q2 earnings: 1¢ a share Wi-lan Inc Q2 earnings: 10¢ a share Yamana Gold Inc Q2 earnings: 3¢ a shareUNITED STATES Goodyear Tire & Rubber  Q2 earnings: Analysts expect 79¢ a share Kraft Foods Group Inc Q2 earnings: 83¢ a share Pitney Bowes Inc. Q2 earnings: 46¢ a share Whole Foods Market  Q3 earnings: 39¢ a share read more

Battle to become one of 5 federal superclusters attracts 50 competitors

By Andy BlatchfordOTTAWA — The competition to become one of up to five government-designated technology “superclusters” and draw from a federal funding purse of $950 million has attracted more than 50 proposals.The contest, a cornerstone of Ottawa’s so-called innovation agenda, is designed to encourage academia and businesses to work together on strategies to boost fast-growing sectors — everything from advanced manufacturing to clean technology.The number of bids generated during the competition’s first phase, which ended late last month, exceeded federal expectations, said a senior government official who spoke on condition on anonymity because the information was not yet public.The 50 letters of intent came from consortia representing a total of more than 200 companies and 20 post-secondary institutions, the official said.The contest, overseen by Economic Development Minister Navdeep Bains, aims to lift the economy, promote research and create high-quality jobs. Bains has said he’s looking for ambitious bids that also feature intellectual property strategies designed to keep benefits for Canada.The plan includes a federal funding commitment of up to $950 million over five years to support the development of between three and five superclusters.As examples, the government listed six innovative industries in its spring budget that could anchor superclusters: advanced manufacturing, agri-food, clean technology, digital technology, health and bio-sciences and clean resources.The submissions represent each of these sectors and more, said the official, who declined to elaborate on the other industries.The government is also hoping the leverage from its $950-million commitment will lure even more private investment cash into the economy.To qualify, supercluster bids must show private-sector investment commitments of at least a dollar for every government dollar requested.Combined, the submitted proposals say they can bring in a total of $17 billion in private investment, even though they are asking for $10 billion in federal funding, the official added.“The policy imperative for this program was trying to unlock business investment in (research and development), which has been this perpetual issue in Canada” said the official.“This isn’t a silver bullet, but it’s a model to tackle that issue.”A short list of about a dozen applicants will be released in the coming weeks based on assessments by experts from across different government departments and agencies.Each submission will be evaluated on criteria such as job creation, how likely the new jobs will avoid becoming automated in the future and the proposal’s overall impact on the economy.The winners will be announced by early 2018.The program director for the Blockchain Research Institute, an organization that is participating in a supercluster proposal, said the bid received a total of $50 million in funding commitments from about 50 groups, including universities, private firms and non-governmental organizations.The submission is focused on making Canada a world leader in the development of the emerging digital platform known as “blockchain.” Blockchain is the underlying technology behind digital currencies like bitcoin and it has the potential to change everything from how financial transactions are conducted to how democracies vote.Jenna Pilgrim said Thursday that the goal of her group’s bid is to house the world’s best blockchain expertise in the Toronto-Waterloo region rather than watch it set up shop in Silicon Valley.She noted that $50 million in commitments is likely lower than other submissions, but adds it makes sense because the technology is still young. She also argues blockchain has more potential to become self supporting.There are also expectations that some groups jockeying for the limited number of supercluster spots might join forces as the process evolves and the list shortens.“We have been approached by several other organizations creating bids as well,” said Pilgrim, who believes blockchain will help enable other new “transformational” technologies like quantum computing and artificial intelligence.“We just want a seat at the table and then we are definitely open to collaborating with other groups.” read more

UNESCO chief deplores murder of Somali journalist

“I deplore the murder of Mohamed Mohamud,” said the Director-General of the UN Educational, Scientific and Cultural Organization (UNESCO), Irina Bokova. “His name joins the long list of Somali media professionals who have paid with their lives to defend the right to information. Such acts must not remain unpunished.”Mr. Mohamud, 26, was also known as Tima’ade. He worked for Universal TV, a private television channel based in the United Kingdom that serves Somali diaspora. He was shot six times by unknown assailants near his home in the district of Wadajir, on 26 October.“Freedom of expression is the cornerstone of democratic society. I call on the authorities to do everything possible to ensure that journalists can work in the safest possible conditions,” Ms. Bokova said. read more

Ohio State mens hockey falls in Big Ten Tournament ending its season

Sophomore forward Nick Schilkey (37) controls the puck during a game against Minnesota on March 6 at the Schottenstein Center. OSU lost, 4-2.Credit: Kaley Rentz / Lantern reporterThe Ohio State men’s hockey team arrived at the Big Ten Tournament confident and motivated.The Buckeyes (14-19-3, 8-11-1) turned that into a 3-1 win against Penn State in the Big Ten quarterfinals, but couldn’t make it pass the semis. OSU’s confidence and motivation wasn’t quite enough, as the Buckeyes lost to No. 13 Minnesota, 3-0, to end their season Friday evening.Even though the Buckeyes didn’t make the championship game, coach Steve Rohlik had a positive outlook on the losing season. While he said he was proud of the team as a whole, Rohlik stressed the importance of the Buckeyes’ upperclassmen.“I’m even prouder of our eight seniors,” he said. “What they’ve done for our program, they’ve sent this program in the right direction. So, obviously I thank them.”Senior assistant captain forward Matt Johnson said even though the end result was disappointing, he was proud of his teammates’ desire to end the season confident and unified.“We really found our identity and started to roll with it,” Johnson said. “Going off of last year, we were very confident, just like this year, we beat every team in the conference. There was nobody we didn’t think we could beat.”Moving forward, the Buckeyes will be without eight seniors, who have seen the program transition from the hiring of a new head coach and a change of conference to the Big Ten from the Central Collegiate Hockey Association.“It’s really an incredible group,” Rohlik said. “They’re the ones that have been a big part of where this culture is and where it’s going. Their leadership pulled us along over the last couple months. They’re a big part of why we had a chance.”For Johnson and senior captain forward Tanner Fritz, the final game was emotional, but the two said they are excited for the program’s future.“​I see the program going, obviously, in the right direction,” Johnson said. “We do everything right here. We do it the right way. We have the great staff. To me, you just can’t get a better program.”“We’re always pushing to get better, and I know they’re going to do that in the following years,” Fritz added. “The only way to go is up from here.”Next year, the Buckeyes will look toward a new group of upperclassmen to lead them in the right direction.OSU has three key players returning in captain Sam Jardine, leading goalscorer Anthony Greco and 6-foot-5-inch defenseman Craig Dalrymple.   Beyond that trio, forward Nick Schilkey, defenseman Josh Healey and goaltenders Christian Frey and Matt Tomkins are all set to be back for another season as well.But regardless of the players, Rohlik said the team’s progression starts with the coach.“I mean, first and foremost, I’m going to have to take some time to reflect on myself because it starts with me,” Rohlik said. “I’ve got to be better.”With the return of a solid foundation, Rohlik said he is eager for the Buckeyes to come out with swagger, determination and success in the Big Ten next year.“The one thing that I want is to let people know we’re going to show up every night,” Rohlik said. “We’re going to come at you and play hard and our guys are going to leave it on the line. That’s our identity and that’s what we try to leave here today.” read more

One person in 10 is mistaken about the identity of their father reveals

Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. Last year the Human Fertility and Embryology Authority called on DNA testing websites to warn people of the risk of uncovering traumatic family secrets and underlying health problems.Some sites offer to reveal lineage, ancestry and long lost relatives simply by posting a saliva sample.The authority said tests could also enable people to track down anonymous sperm and egg donors, or show a break in paternity.As early as 2005 Liverpool University and health experts warned in the BMJ that genetic testing could throw up such problems.The NHS carries out family screening for genes that raise the risk of breast and ovarian cancer and genetic problems in pregnancy, among other issues.In March Matt Hancock, the Health Secretary, called for genetic tests for common cancers and heart disease to be rolled out.However, the tests have been criticised for causing stress and confusion and even fostering a kind of fatalism that would make people stop taking care of themselves.Mr Cumming said that while genetics offered new hope for preventing disease, there were difficult ethical challenges that needed addressing.Prof Mark Bellis, an author of the original 2005 study into non-paternity, said: “Despite genomics creeping into many aspects of health treatments and prevention, we seem to be choosing to ignore what it reveals about infidelity and paternity. One person in 10 is mistaken about the identity of their father, genetic tests for hereditary illnesses are revealing, according to an NHS chief.The era of genomic medicine is allowing doctors to screen rising numbers for preventative action against diseases such as cancer and Alzheimer’s.About 220,000 such tests are carried out by the NHS in England and Scotland each year.But Ian Cumming, head of Health Education England, the NHS training body, said hospitals were being left in an ethical quandary as they were uncovering some awkward family secrets.It is currently estimated that around 4 per cent of the population are unaware the man they call their father is not their true biological relative.Mr Cumming told the Hay Festival that within a decade everyone who wanted to be genome tested could be.“But it is not without controversy,” he warned. “If you look at people who have had genetic tests within families for reasons other than trying to work out paternity, for one in 10 people your dad isn’t who you think it is.”He said this was the dilemma: “Are we going to tell people: ‘That’s not your dad’ – or are we going to keep that information to ourselves? I don’t think that would be acceptable ethically.” “There are still very few reliable figures on paternal discrepancy and consequently inadequate thought given to how to deal with it.” read more

When Freedom Rang Fireworks at the Fort

first_imgo 20 Length in minutes of the 2013 fireworks show, same as 2012.o 11,751 Individual fireworks shots in the 2013 show, compared with 10,274 in 2012.o 6,125 Pounds of fireworks to be launched in the 2013 show, compared with 5,651 in 2012.o 1,654 Pounds of explosives used to launch those fireworks, compared with 1,529 in 2012.o 450 Height in feet of tallest fireworks.o 30,000-35,000 People expected to attend (the same as in 2012, 2011 and 2010.)o 1855 Year of Vancouver’s first Fourth of July Celebration.o 1962 Year the Fort Vancouver fireworks display likely began. There was no show in 2009.It’s hard to find details about the first Fort Vancouver Fourth of July Celebration in 1962.There aren’t any stories about the event — celebrating its golden 50th this year — from 1962 in The Columbian.Organizers say they’re “almost” absolutely positive Thursday’s festivities will include the 50th fireworks launch since 1962, taking into account that the event skipped a year for financial reasons in 2009.But proving it is difficult.Jim Larson, head of the old Fourth of July committee, died in 2009.When the Fort Vancouver National Trust took over the event about 10 years ago, Larson told trust members that it started in 1962.“Unfortunately, Jim’s not around to ask, and he was the last person involved from those very early years,” said Elson Strahan, executive director of the trust.Beyond that, the trust has no records of the first show.“My understanding was that the first year, there was a group of guys that came out of the (Vancouver Junior Chamber of Commerce) and decided to do a fireworks show,” Strahan said. “I suspect it was very informal.”Heather Gobet, marketing director at Western Display, doesn’t have receipts from 1962. The company, which was founded by her great-grandparents, has done the display through the show’s entire history.“I wasn’t alive then, but I’m almost absolutely certain it was 1962,” Gobet said. “I got a hold of my mom and she got her hands on some notes and things from my grandparents that go back to that date (July 4, 1962).”last_img read more

InFlight Magazine to be Available on Newsstands

first_imgDelta carries approximately 13 million travelers monthly. MSP expects Sky’s monthly readership to be between 5 million and 6 million.MSP was awarded the contract to publish Sky in December, replacing Delta’s longtime partnership with Greensboro, North Carolina-based custom publisher Pace Communications. MSP also publishes Mpls.St.Paul magazine. Following the merger of Delta and Northwest Airlines, Minneapolis-based MSP Communications has relaunched Delta’s Sky magazine. In addition to being available on the planes, Sky will also be available for purchase on newsstands—a first for U.S. in-flight magazines, the publisher says. MSP, which won the contract to relaunch Sky late last year, says 15,000 copies of the monthly magazine will be available in stores like Barnes & Noble, Borders and B. Dalton. The cover price will be $3.99.“Our goal is to reinvent the in-flight magazine,” Sky editor-in-chief Jayne Haugen Olson said in a statement. “Though most readers are on an airplane, Sky offers page-turning content and interesting service-oriented take-away tidbits that are relevant to all travelers.”last_img read more

Administration Confirms Cut in FY 2020 Budget Request for Defense

first_imgPresident Trump’s desire to trim spending across the government is forcing the Pentagon to prepare an alternative fiscal 2020 budget request for $700 billion, a sizeable cut from its original draft proposing $733 billion in total federal spending on national security. The $700 billion figure represents a 2.2 percent reduction from current year spending. The cut would not last for just one year and, instead, will mark the starting point of a five-year budget projection calling for defense spending to remain relatively constant, Defense Secretary Patrick Shanahan told reporters Friday. Officials will now develop two parallel budget requests and use the higher one to show likely tradeoffs from scaling back the request, reported Defense News.Shanahan said modernization would likely absorb a significant cut in the new budget draft. “The way I would think a about those two budgets and the approach, there are certain things that you can’t change. There are just near-term costs that we’re going to spend in the next year that are on contract, and for all intents and purposes are fixed. Then there are other investments we would make in science and technology and procurement, where we have [options] in terms of timing,” he said.Photo courtesy of DOD Dan Cohen AUTHORlast_img read more

Investigations Into Arkema Plant Fires Underway After Harvey

first_img 00:00 /03:37 Environmental regulators are looking into fires that broke out at a Houston-area chemical plant after Harvey. It’s been about a month since the storm, but people near the flooded Arkema, Inc. plant are still under a health advisory.Those residents east of Houston were among those hit particularly bad by the storm. Not only were they flooded: they found themselves inside the danger zone put in place after the plant caught fire.“We’re getting it back together,” said Philip Mincey, a ship channel worker who lives around the corner from the plant, on what he calls his “two acres of heaven,” complete with ducks, fig trees and a few cows.He said his home being flooded was bad enough, but things really got stressful when authorities told him to leave after the fires broke out.“They made it sound like it was blowing up, right then,” Mincey said.  “So everybody was trying to save their stuff and wasn’t given the opportunity to.”He’s not happy with how the company has handled the aftermath.Arkema insists it’s been working to get locals affected by the evacuation the help they need, but Mincey said they’ve been hard to reach.“For me, money is not the end of the day issue. I want them to help me out a little bit, but I wanna feel like they’re sorry,” he said.The company didn’t make anyone available for an interview for this story, but even before the fires started, during Harvey, Arkema’s CEO Rich Rowe did have a message.“I apologize,” he said. “We apologize.”Travis BubenikThe Arkema, Inc. chemical plant east of Houston. Multiple fires ignited at the plant after Hurricane Harvey, when power supplies needed to keep the chemicals refrigerated failed due to flooding.Rowe told reporters his company had not planned for such intense flooding. The floodwaters shutdown power needed to keep the chemicals refrigerated. When portable backup generators failed, the chemicals ignited.“No one anticipated we’d be looking at a site with six feet of water on it,” Rowe said.Mincey, the nearby resident, is understanding, but still frustrated.“You know, I don’t think anybody at Arkema set out with a goal to hurt people out here,” he said. “They didn’t think they were going to get get six feet of water, but what are they going to about it next time?”Multiple agencies are now looking into how the company dealt with the incident.State regulators are investigating any possible impacts from the fires and looking into whether the company violated pollution rules.The U.S. Chemical Safety Board is also investigating, and the Environmental Protection Agency is demanding Arkema hand over a range of details about the plant. That includes everything from how chemicals are stored there to how the plant’s safety and power systems operate.The EPA didn’t respond to an interview request, but in the days after Harvey, EPA Chief Scott Pruitt told the ABC News podcast Powerhouse Politics he had personally looked at the company’s Risk Management Plan.“I pulled that RMP,” Pruitt said, noting that he looked through the plan’s requirements. “And we’ve begun asking questions: ‘Did they do that? Did they have adequate generation? Did they have redundancy, with respect to those trailers that blew up?’ We don’t know yet. There’s some concern that they didn’t.”“I think we’re in a new reality in terms of the frequency and intensity of these storms,” said Elena Craft, with the Environmental Defense Fund. She argues that Harvey shows the need for stricter chemical safety rules that were proposed by the Obama Administration, but that Pruitt has since delayed.Critics said the rules, which would have made plant hazards more public, would have given terrorists access to sensitive information.Philip MinceyThe street outside Philip Mincey’s house in Crosby, TX. The neighborhood near the Arkema, Inc. plant is still recovering from Harvey’s flooding.At the University of Houston, chemical engineer Ramanan Krishnamoorti said the petrochemical industry handled Harvey pretty well, but the Arkema fires do reveal a bigger problem.“Where we have failed, systematically since Katrina, has been in how we store chemicals,” he said.“Almost every single incident that you’ve seen during Harvey, and the flooding after Harvey, has been associated with the storage of chemicals, not the production of chemicals.”That, he said, is where the industry needs to turn its attention, as it looks for lessons from Harvey’s historic flooding.Meanwhile, Harris County is advising people near the Arkema plant to only drink bottled water until further notice, as pollution monitoring of the area continues. Share To embed this piece of audio in your site, please use this code: X Listenlast_img read more

Heartbreaking Hurricanes forward breaks down following his first home game since MS

first_imgHurricanes’ forward Brian Bickell played in his first home game since returning from his diagnosis with Multiple Sclerosis last November. The Canes lost 3-0 to the Islanders, but none of that matters.When asked by reporters about how he felt in his return, Bickell got understandably emotional and broke down in tears several times. It could be inferred from comments that he is considering stepping away from the game for good.He’s facing a long, uncertain road ahead, and this interview absolutely breaks your heart. Sports are a distraction, this is real life. Never confuse the two.[WATCH] An emotional Bryan Bickell spoke with the media following his first game back in Raleigh Thursday night: pic.twitter.com/mo2yP0vjtX— Carolina Hurricanes (@NHLCanes) April 7, 2017 Advertisementlast_img read more

Another Taylor Bean Exec Lands in Jail

first_imgAnother Taylor Bean Exec Lands in Jail Share in Government, Origination, Servicing Agents & Brokers Attorneys & Title Companies Bank Failure Investors Lenders & Servicers Processing 2011-06-24 Ryan Schuettecenter_img The saga of a nearly $3-billion fraudulent scheme that resulted in two bank failures, billions of dollars in losses, and the loss of over 2,000 jobs came to a close on Wednesday when courts found the culprits guilty on counts of fraud and false statements, among other charges.[IMAGE]U.S. District Judge Leonie Brinkema sentenced Paul R. Allen, former CEO of “”Taylor Bean & Whitaker Mortgage Corporation””:http://www.taylorbean.com/PressRelease/Press.aspx (TBW), to 40 months in federal prison for his role in purposefully misrepresenting financial statements to banks over a period that lasted from 2005 to 2009.[COLUMN_BREAK]””Mr. Allen’s sentence reflects his ultimate cooperation with this investigation, but also sends the message that unless executives expose and stop fraud when they first learn of it, they will be punished,”” said Neil MacBride, U.S. attorney for the Eastern District of Virginia, according to “”_The Huffington Post_””:http://www.huffingtonpost.com/2011/06/22/mortgage-fraud-ceo-prison-paul-allen_n_881946.html.””I messed up. I messed up big,”” “”_The Post_””:http://www.huffingtonpost.com/2011/06/22/mortgage-fraud-ceo-prison-paul-allen_n_881946.html reported Allen as saying at his hearing. “”There was no excuse for my behavior.””Allen’s sentence went alongside convictions for Sean Ragland, a co-conspirator, on charges of bank and wire fraud. The convictions follow April’s conviction for former majority holder Lee Farkas, who authorities say masterminded the bank fraud. Farkas, the last of seven senior executives and employees to receive sentencing, may serve 385 years for his multiple fraud counts.According to “”_The Los Angeles Times_””:http://www.latimes.com/business/la-fi-fraud-sentence-20110625,0,1075014.story, the trial brought to light Farkas’ extravagant lifestyle, which included a private jet, a number of classic cars, and expensive real estate along the East Coast.””Taylor Bean””:http://www.taylorbean.com/PressRelease/Press.aspx fell apart in 2009, exposing the fraud, shedding over 2,000 employees in the process, and leading to the failure of Colonial Bank, one of the nation’s 25 largest banks, when it posted $500 million in losses stemming from overdrawn accounts, according to “”_The Times_””:http://www.latimes.com/business/la-fi-fraud-sentence-20110625,0,1075014.story. Two other banks, “”Deutsche Bank””:http://www.db.com/index_e.htm and “”BNP Paribas””:http://www.bnpparibas.com/en/home/, suffered $2 billion in losses as a consequence of related fraudulent acts. June 24, 2011 471 Views last_img read more

NewDay USA Recruits Baseball Legend as Spokesperson

first_img in Data, Government, Origination, Secondary Market, Servicing Baseball’s all-time “”Iron Man”” has joined forces with “”NewDay USA””:http://www.newdayusa.com/, the Maryland-based company announced.[IMAGE]Cal Ripken Jr., former Baltimore Oriole and one of the diamond’s greatest legends, has been brought on to serve as spokesperson for the lender’s philanthropic activities and community outreach efforts. He will also promote the education and training programs of NewDay USA University, the company’s mortgage banking training initiative.””We are thrilled that Cal Ripken will now work with NewDay USA,”” said CEO Rob Posner. “”He embodies loyalty, integrity and dedication to both hard work and teamwork–values that the team at NewDay USA emulate as we strive for excellence in both our service to our customers and in our commitment to our employees’ career development.””””During my visits to NewDay USA’s headquarters I have been impressed with the teamwork, work ethic and commitment to career advancement that was displayed at all levels of the organization,”” Ripken said. “”NewDay USA’s philanthropic initiatives and professionalism led by an unmatched board and senior staff made them an organization I very much wanted to be aligned with.””Ripken added that he is “”pleased to represent NewDay USA and its efforts to create opportunities for young people, support members of the armed services and help families in communities across the nation.””NewDay USA is one of the nation’s leading providers of Veterans Affairs, reverse, and government-insured mortgages. December 5, 2012 399 Views NewDay USA Recruits Baseball Legend as Spokespersoncenter_img Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2012-12-05 Tory Barringer Sharelast_img read more

Residential Finance Corporation Ensures Timely Closings

first_imgResidential Finance Corporation Ensures Timely Closings in Data, Government, Origination, Secondary Market, Servicing March 27, 2013 449 Views Sharecenter_img Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Residential Finance Corporation Service Providers 2013-03-27 Krista Franks Brock “”Residential Finance Corporation,””:http://www.residentialfinance.com/ based in Columbus, Ohio, recently announced the launch of its new “”Purchase Loan Quick Reaction Force,”” a team dedicated to ensuring mortgage loans close on time.[IMAGE]Daniel Jacobs, managing director of the company’s retail branching division, points out meeting the transaction deadline is important for all participants in the home purchase process as it has the potential to make or break a sale.””There’s more competition for homes and there may be multiple offers,”” Jacobs said. “”Missing a contingency deadline and delaying the closing can mean the buyer will lose out on getting the house they want.””Not only will this serve as a disappointment to a hopeful homeowner, but also, Jacobs said for a loan originator, meeting or missing a deadline “”can make the difference between keeping referral sources and losing them to a competitor.””Residential Finance Corporation’s “”Purchase Loan Quick Reaction Force”” works to anticipate potential problems or delays and address them early in the purchase process.””By establishing our Quick Reaction Force, we are taking a proactive approach to make certain we provide an outstanding customer experience for borrowers, loan originators and real estate professionals,”” Jacobs said.With refinances making up the majority of originations of late, “”many lenders have become less accustomed to the time-sensitive nature of home purchase loans,”” Jacobs said.Jacobs said the new working group is proof of Residential Finance’s focus on the purchase market.Danny Kettle, owner of Help-U-Sell Legacy in Layton, Utah, says Residential Finance is his “”go-to lending resource”” for clients who don’t already have a lender, asserting, “”their turn-time is great.””last_img read more

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