Uber suspends selfdriving car tests in Toronto other centres after fatality

first_imgUber Technologies Inc. has suspended all of its self-driving vehicle testing — including a program in Toronto — after what is believed to be the first fatal pedestrian crash involving autonomous vehicles.Uber’s testing was halted after police in a Phoenix suburb said one of its self-driving vehicles struck and killed a pedestrian overnight Sunday.The vehicle was in autonomous mode with an operator behind the wheel when a woman walking outside of a crosswalk was hit, Tempe police Sgt. Ronald Elcock said.The woman died of her injuries at a hospital.“Some incredibly sad news out of Arizona,” said Uber CEO Dara Khosrowshahi on Twitter.“We’re thinking of the victim’s family as we work with local law enforcement to understand what happened.”The testing has been going on for months in Toronto, the Phoenix area, Pittsburgh and San Francisco as automakers and technology companies compete to be the first with the technology.Uber Canada said Monday in an email that two of its vehicles are being tested in Toronto but they have not been picking up passengers.It said testing has been conducted since last fall, using software that was studied in simulation and on the test track before being deployed to the road.But the fatality isn’t likely to derail the driverless vehicle industry because it is at such an early stage in its development, said Ross McKenzie, managing director at the University of Waterloo Centre for Automotive Research.“I’m shocked. It’s very, very disappointing,” he said.“It’s shocking because it’s something we aspire to never have happen. The whole purpose of autonomous driving is to make the operation of vehicles safer because you take out of equation the random, unpredictable behaviour of human operators, like speeding to get through an amber light or taking your eyes off the road to pick up a coffee cup.”He added the incident will serve to further focus the industry on safety.The Waterloo research centre has a four-car fleet of autonomous car it is currently testing. McKenzie said most of the testing takes place on a closed track but the first tests on a public road took place last year.More on-road testing is scheduled for this year and he said the incident has not resulted in any immediate change to that schedule.Canada has been slow to embrace driverless vehicles but some advances have been made.In January, Suncor Energy Inc. announced it would go ahead with a project to deploy driverless ore-hauling trucks at its remote oilsands mines in northern Alberta to replace the ones humans operate.The initiative, which follows years of testing, is expected to eliminate about 400 jobs. The Calgary-based company plans to build a 150-truck fleet of 400-tonne capacity Komatsu trucks over the next six years.Last week, Magna International announced a deal with Lyft Inc., an American ride-hailing company that competes with Uber, to develop advanced driverless car technology through a multi-year partnership and a US$200 million investment in Lyft.Magna is to earn the exclusive right to manufacture kits to be used to convert Lyft’s fleet into autonomous, driverless vehicles. The kits will include cameras, radar and other sensors required for the vehicles as well as software developed by the two companies, using Magna’s manufacturing expertise and Lyft’s data from its ride-sharing operations.In October, BlackBerry QNX launched testing of a self-driving car in Ottawa with what was billed as the first on-street test of an autonomous vehicle in Canada after opening an innovation centre in late 2016.Meanwhile, a Canadian Senate committee warned in a report earlier this year departments and levels of government are taking contradictory approaches to automated vehicles and the federal government needs to better co-ordinate action.It recommended giving the privacy commissioner greater reach over how car companies use drivers’ information, including whether personal information can be monetized, and giving federal cybersecurity officials a bigger role in protecting the new technology from hackers.The committee also said the government must invest more in its own research to deal with questions of safety, such as how to ensure a driverless car can safely navigate a snow-covered road.It said self-driving cars could reduce greenhouse gas emissions, boost productivity and limit the number of collisions caused by human error.But the technology could also lead to job losses in transportation sectors where some 1.1 million people are employed, including truck, bus, and taxi drivers. The Liberals, the committee said, must put in place job re-training programs for those whose jobs will be affected, and ensure sectors like after-market companies can maintain a foothold as new, automated cars hit the roads.The U.S. federal government has voluntary guidelines for companies that want to test autonomous vehicles, leaving much of the regulation up to states.last_img read more

IPL final MI CSK rivalry set to unfold on biggest stage

first_imgHyderabad: Mumbai Indians and Chennai Super Kings seem to always spiral towards each other in their relentless hunt for the Indian Premier League title. On Sunday, the two sides will face each other for the fourth time this season. It is also the fourth time that CSK and MI will be pitted against each other in an IPL final. They are the two most successful teams in the tournament’s history and the final on Sunday will be another chapter in what has been an epic rivalry between two sides who are as different from each other as a pair of sporting opposites can be. Also Read – We will push hard for Kabaddi”s inclusion in 2024 Olympics: Rijiju While CSK are known to be a team that dominates the group stage, MI are notoriously slow starters. Both sides stayed true to their reputation this season. While MI had a sputtering start to their season, before taking off, CSK remained top of the table for much of the group stages and were one of the first teams to confirm qualification to the playoffs. However, CSK were piped to the top spot by Mumbai Indians thanks to the 9-wicket hiding the latter handed out to Kolkata Knight Riders in their last group game. MI are also the only team that CSK haven’t been able to beat this season with the MS Dhoni-led side losing the two group matches and the first qualifier against their rivals. Also Read – Djokovic to debut against Shapovalov at Shanghai Masters Mumbai also have the statistical edge in IPL finals played between the two sides, having ended three out of the four title clashes between the two sides on the winning side. However, CSK displayed ominous form in the way they swatted Delhi Capitals aside in the second Qualifier. The ever-reliable CSK spinners helped them restrict Delhi Capitals to 147/9. Coming to the chase, Shane Watson finally found form and his opening partnership of 81 with Faf du Plessis set the stage for a rollicking win for the Yellow Brigade. They ended up winning the match by six wickets with an over to spare. Unpredictability is a constant in the IPL, a fact that has been as apparent as ever this season with the numerous collapses and death over run bursts that we have seen in the group stage. There is no reason to believe that the final would be any different. But it will all boil down to the team which holds its nerves on the day of the big battle. Chennai Super Kings: Mahendra Singh Dhoni (captain), Suresh Raina, Ambati Rayudu, Shane Watson, Faf du Plessis, Murali Vijay, Ravindra Jadeja, Dhruv Shorey, Chaitanya Bishnoi, Rituraj Gaikwad, Dwayne Bravo, Karn Sharma, Imran Tahir, Harbhajan Singh, Mitchell Santner, Shardul Thakur, Mohit Sharma, K M Asif, Deepak Chahar, N Jagadeesan, Scott Kuggeleijn. Mumbai Indians: Rohit Sharma (C), Quinton de Kock, Suryakumar Yadav, Yuvraj Singh, Kieron Pollard, Hardik Pandya, Krunal Pandya, Mitchell McClenaghan, Mayank Markande, Rahul Chahar, Jasprit Bumrah, Anmolpreet Singh, Siddhesh Lad, Ankul Roy, Evin Lewis, Pankaj Jaiswal, Ben Cutting, Ishan Kishan, Aditya Tare, Rasikh Salam, Barinder Sran, Jayant Yadav, Beuran Hendricks and Lasith Malinga.last_img read more

El Othmani Apologizes to Boycotters Calls for Tolerance

Rabat – After nearly a month since the launch of the online boycott, Saad Eddine El Othmani has finally reacted, apologizing to customers for “verbal expressions and offenses” made against boycotters.During a meeting held in the upper house of the parliament today,  Othmani addressed an apology message to people supporting the online boycott targeting three companies against “unjustified” increase prices of their products.The list of companies includes: Sidi Ali bottled water, Centrale Danone dairy products, and Afriquia gasoline. In his speech in the monthly meeting today, El Othmani said that “the government cannot be against the interest of citizens, as some think.”On the eve of the holy month of Ramadan, a month of tolerance and forgiveness, El Othmani has seized the opportunity to urge boycotters to cease their campaign and  “move towards the future, to tolerance and positive start.”He called on the boycotters then to turn the page.The head of government apologized for statements made by some ministers in his government, emphasizing that his cabinet is committed to fulfilling its responsibility to protect consumers.After the launch of the boycott on April 20, Minister of Finance and Economy Mohamed Boussaid denounced the campaign, calling supporters of the campaign “fools.”Minister of Agriculture and Fisheries Aziz Akhannouch also condemned the boycott, asserting the ineffectiveness of an internet boycott against 470,000 employees in the dairy sector.In response, El Othmani explained that his government is also responsible for preserving the dignity of the citizen, producers and consumers equally.He added that the government has been following the campaign and is implementing a set of measures to meet the needs and aspirations expressed and will ensure the protection of the purchasing power of citizens. read more

City of Camargo awarded 69290 for road and sidewalk repairs

Projects submitted to the Department of Rural and Municipal Aid for discretionary fund consideration were evaluated by the KYTC district staff to assess the condition of roads and determine the most critical needs based on factors such as safety, economic impact, and traffic volumes.The City is responsible for all phases of work, and KYTC will reimburse the city for the projects.Resurfacing and sidewalk repair work will address:Related Article: Powell Co. working to repair flood damage• Oldham Road (CS 2021) – resurfacing 0.604 miles• Camargo Road (US 460) – sidewalk repairs 0.800 miles LEXINGTON, Ky. (WTVQ) – The City of Comargo is receiving $69,290 from the state to resurface Oldham Road and repair sidewalks on Camargo Road, according to the Kentucky Transportation Cabinet.Mayor Clayton Neal identified these roads as being among the most critical in the city.- Advertisement – read more

Man in wheelchair carried off DART as no ramp available at Donaghmede

first_img Man being helped off the train as passengers help with his wheelchair. Source: Kellie Lynch/FacebookApology Irish Rail told TheJournal.ie that they would like to apologise to the customer featured in the video clip for any distress that was caused to him.In a statement they said that due to persistent vandalism of ramps at Howth Junction/Donaghmede Station the ramp is now kept within the booking office.Yesterday evening the station was unmanned so the booking office was closed so the driver of the DART did not have access to the ramp.Upon realisation of this the driver offered the customer two options; to continue to Bayside and we would organise a transfer by road back to Howth Junction/Donaghmede for the customer; or to continue to Bayside, where a staff member was on duty who would travel back with the customer and a ramp to Howth Junction/ Donaghmede and he would assist him getting off the DART.Not happy“The customer was not happy with either of the proposed solutions and wished to get off the DART at Howth Junction/ Donaghmede. The driver assisted by other customers assisted the customer off the train,” said Irish Rail.“This was not an ideal situation for our customer and we are very aware of this. As a result we are reviewing our policy of keeping ramps within the booking office in areas with high instances of anti social behaviour and associated security arrangements.”Read: SIPTU to vote on strike action at Irish Rail>Read: An underground DART could finally be coming to Dublin> A MAN IN a wheelchair had to be lifted off the DART last night as there was no ramp available for him at Donaghmede train station.The man was making his way home from the Ireland football game in the Aviva Stadium last night, however, he could not disembark from the train as the wheelchair access ramps had been locked away.Passengers on the train at the time said the man was told that he could get off at the next stop and get a taxi, but he informed them that this wasn’t possible because his chair did not fit in taxis as it is a large electronic chair.VideoA video, uploaded on Facebook, shows the man being lifted from his chair by staff, with train passengers assisting in lifting the chair from the train. Man being lifted by Irish Rail staff off the train as there was no wheelchair ramp available at the station. Source: Kellie Lynch/FacebookAn eyewitness on the train said:It was disgraceful that he had to go through this. There was no ramps either side of the track and the driver himself had to go look for the ramp. The ramp was locked away so they were not able to have access to it.last_img read more

GASN raises 5500 for Alexiou family

first_img Facebook Twitter: @NeosKosmos Instagram Administrators of the Greek Australian Support Network (GASN), a Facebook group designed to help Greeks migrating to Australia, took it upon themselves in August to start a fundraiser for the Alexiou family. A recently arrived migrant family, Mrs Athanasia Mazarkidou passed away in April this year, leaving behind her husband and two young daughters.The initiative run through the GASN Facebook page received an overwhelming response in just a short period, raising $5,500. Mayor of Mannigham City Council and member of the GASN Jim Grivas expressed the community’s concern for the girls’ future. “A number of people got together to ensure the girls were being looked after from an education perspective, to ensure that they had some funds that could continue their education. That was important for us,” Grivas told Neos Kosmos.Having set up a trust account, those wanting to donate were able to directly deposit money for the Alexiou family, ensuring that both girls would be able to attend Oakleigh Grammar. A cheque was collected on behalf of the family by president of the Greek Community of Oakleigh Mr Aggelos Sardellis. To date the Alexiou family has received over $40,000 in generous donations from sources across the Greek-Australian community, including the church and parents from Oakleigh Grammar.last_img read more

Equifax dumps CEO in wake of damaging data breach

first_imgNEW YORK (AP) — Credit reporting agency Equifax is ousting CEO Richard Smith in an effort to clean up the mess left by a damaging data breach that exposed highly sensitive information about 143 million Americans.The shake-up announced Tuesday comes after Equifax disclosed that hackers exploited a software flaw that the company didn’t fix to heist Social Security numbers, birthdates and other personal data that provide the keys to identify theft.Smith had been Equifax’s CEO since 2005. Paulino do Rego Barros Jr. was named interim CEO.Although many analysts had applauded Equifax’s performance under Smith, he and the rest of his management team had come under fire for lax security and its response to the breach.Smith’s departure follows the abrupt retirement of Equifax’s chief security officer and chief information officer.last_img read more

Camas seeks revenue in forest

first_imgThe Boulder Creek watershed outside Camas is where the city is preparing to harvest timber for the first time. Camas’ initial timber harvest, planned for this summer, will take place below the city’s water intake area. CAMAS — Ten miles outside of Camas, nestled within two watersheds that provide the city with part of its drinking water, stands of Douglas fir trees rise to the heavens.Located within the Boulder Creek and Jones Creek watersheds near the southwest corner of the Gifford Pinchot National Forest, the decades-old evergreens are gnarled, moss-covered, sparsely needled, stretching above the prickly brambles of unkempt underbrush. The forest is, in places, lush and verdant, but it’s not without its share of snags, too.Decades of status-quo management have resulted in a number of concerns for Camas. So the city now looks to better manage the forest — and make some money doing so.Because it’s been left to grow unabated, city officials say, the forest is little more than a tinderbox under a magnifying glass, waiting to catch fire during the hot summer months.It’s also like an unchecked stock portfolio that could lose value if it’s not tapped. The city says harvesting the forest’s timber could pay dividends in the long run. City consultants estimate the net value of timber in the forest is $8.9 million over 50 years.last_img read more

ExHouse speaker Tom Foley dies at 84

first_imgReaction to the death of ex-House Speaker FoleyOLYMPIA — State officials and others react to the death of former Speaker of the House Tom Foley:“He dedicated his life to making his community, his state, and his country a better place. He did it by reaching across the aisle, by bringing people together, by finding common ground. A true statesman knows how to unite people around their mutual, shared interests, while still respecting the differences among individuals. That’s the example Tom set, and it’s something all public servants should strive to emulate.” — Washington state Gov. Jay Inslee, who served with Foley in the House from 1993 to 1994.“Tom spent his life serving his state and his country, and his legacy is felt not only in Eastern Washington, but around the world. From his work to build new roads, protect public lands, and bring federal resources to Spokane, to his career as a statesman overseas, Tom touched the lives of everyone he encountered, whether it was a wheat farmer in Washington or a foreign dignitary in Japan.” — U.S. Sen. Patty Murray, D-Wash.“Tom Foley will always be remembered as the King of Agriculture. He worked across the aisle to create the modern food stamp program, combatting hunger in America while broadening the agriculture market. Representing an agricultural district, Tom worked to make sure products grown in Washington state made it to dinner tables all around the world. He was a leader in opening Asian and other markets to Northwest wheat and cherries. And he worked with both President Carter and President Reagan to continue the Columbia Basin Irrigation Project that kept water flowing in Eastern Washington. As Tom said: ‘A strong agriculture economy is absolutely essential for a strong national economy.’ Today, those words still ring true.” — U.S. Sen. Maria Cantwell, D-Wash.“Today, our hearts are heavy. Tom Foley was an honorable leader and colleague. He proudly served Eastern Washington with distinction for 30 years and will be remembered as one of our state’s giants. Eastern Washington agriculture and wheat farmers still benefit today from his leadership as Chairman of the House Agriculture Committee and House Speaker. Foley was highly regarded and respected by Democrats and Republicans and he remains a model for leaders today.” — Rep. Cathy McMorris Rodgers, R-Spokane.“During his tenure in office and long afterward, he personified the intelligence, civility, humility and bipartisanship necessary to make wise public policy happen.” — Washington State University President Elson S. Floyd. WSU is home to the Thomas S. Foley Institute for Public Policy and Public Service, as well as a collection of Foley’s congressional papers from 1964 to 1995.last_img read more

2 friends electrocuted in Magura

first_imgTwo friends suspected to be electrocuted were found dead at a poultry farm in Sajiapara village of Magura Sadar upazila on Wednesday morning.The deceased are Titul Gazi, 30, of Sajiapara village and M Hasan, 28, of Dariapur village of the upazila.Locals informed that Titul and Hasan were close friends and both had their own poultry farms. Hasan might have come on a visit to Titul’s farm, they said.An employee of Titul’s poultry farm found both Titul and Hasan dead in the morning. They rushed Titul to Magura sadar hospital around 6:45am, where physicians said he was brought dead.Physicians of Magura sadar hospital emergency ward, Rabiul Islam said electrocution might be the cause of death as the deceased had burn injuries in his hand.Magura sadar police officer in-charge M Ilias Hossain confirmed the incident.last_img read more

Dhaka wants Accord Alliance to end activities by Dec

first_imgAccord-logoState minister for labour and employment Mujibul Haque Chunnu on Tuesday said the government wants Accord and Alliance to pack their activities in Bangladesh by December next as they are now well-equipped to ensure safety of the garment factories.“I can assure you that no incident like Rana Plaza will happen in our country as the government has set up Remediation Coordination Cell (RCC) to ensure long-term sustainability and fire safety,” he told a press conference in the city on the garment sector reform activities.Mujibul Haque said a total of 3,780 RMG factories have preliminarily been assessed in terms of fire, electrical safety and structural integrity following the initiatives of Accord, Alliance and National Initiative (NI) after the Rana Plaza incident. The remediation work is going on under these three initiatives.”He also said the RCC is capable of monitoring and overseeing the remediation progress of factories under national initiative and taking over the responsibility of factories assessed by Accord and Alliance. “So there’s no need of the existence of the Accord and Alliance.”The state minister said the government has set a deadline for a smooth transition of Accord by December this year as they have completed the reform activities in their assigned 2,559 factories.He, however, said the Accord and Alliance can work under the supervision of RCC if they want to continue their activities.The government has recruited 60 engineers recently in addition to existing 26 engineers. Besides, ILO is already in an agreement to provide 476 engineers, Mujibul said.He said the government is fully committed to ensure decent work and safe working environment and relevant measures to enhance institutional capacity-building of the Department of Labour (DoL) and the Department of Inspection for Factories and Establishments (DIFE).Commerce minister Tofail Ahmed also spoke at the programme.last_img read more

At Houston Energy Conference Texas Is The Focus Of American Oil Optimism

first_imgUnemployment in Midland is “probably at a negative number,” he joked, saying the main challenge has been finding employees — particularly truck drivers.Even amid the bust in 2016 — the year oil prices bottomed out in the mid-$20s per barrel — many Midlanders were optimistic about a comeback, citing the geologic potential of the Permian. Before the advent of hydraulic fracturing and horizontal drilling, the basin had been considered mostly tapped out. Thanks to those and other recent improvements in drilling technology that have improved efficiency and lowered costs, many Permian producers claim they could easily weather those kinds of low prices now; Dove said the company could break even at a price as low as $15 per barrel. That ability will help break the boom-bust cycle, he said.Still, while no one seemed to be questioning the promise of the Permian, some key figures cast doubt on the potential of United States shale production as a whole and its ability to meet growing global demand. Shale trailblazer Mark Papa, who made his name as head of EOG Resources Inc., told a panel audience that the amount of total U.S. oil production growth is “likely to disappoint” over the next few years because the most productive portions of the country’s two other major shale plays, the Bakken Formation in North Dakota and the Eagle Ford in South Texas, have been largely tapped out.That means “you’ll have to rely primarily on the Permian to carry the load,” he said. And “the Permian will be quite powerful but not enough to propel the total U.S. production to the levels that people expect.”Frenetic oil production in the Permian and shale plays across the United States beginning about a decade ago was widely credited for a price collapse that began in 2014. OPEC — the Organization of the Petroleum Exporting Countries — had tried to compete with shale drillers but, along with Russia and some other producing countries, eventually struck an agreement to cut production through the end of this year. That has helped reduce a global supply glut and boost prices to more than $60 per barrel.A large OPEC delegation was present at the conference; they met with American shale drillers and officials from other non-OPEC countries at a much-hyped private dinner on Monday evening. OPEC Secretary General Mohammad Barkindo, of Nigeria, who participated in several conference panels, would not say whether OPEC would prolong production cuts. Share Occidental is the largest oil producer in Texas’ Permian Basin — the hottest oilfield in the United States and a key reason for the industry’s upbeat outlook.The ancient, hydrocarbon-rich seabed that spans West Texas and southeastern New Mexico has been a focal point of escalating domestic energy production and will remain so for the foreseeable future, according to industry executives and analyst forecasts.Two out of three oil rigs deployed in the past 18 months in the United States were in the Permian, according to a report released this week by the International Energy Agency, with output expected to more than double by 2023. Major players including ExxonMobil are investing billions in the region.Because of the type of crude produced there — light and low-sulfur and, thus, not as easily processable by Gulf Coast refineries, which are designed to process heavier crude — almost all of it will be exported to Europe and Asia, where demand is growing. That will position Corpus Christi to be the main oil exporting hub on the Gulf Coast, according to the IEA report, which also says the United States will soon become one of the top oil exporters. That stream of energy — made possible in 2015 after Congress lifted a longtime ban on most crude exports — is expected to satisfy some 60 percent of projected growth in global oil demand through the next five years, IEA Executive Director Fatih Birol said this week. “We have the golden goose right before us,” said Timothy Dove, CEO of Irving-based Pioneer Natural Resources, another large Permian operator. If they stay in place, the IEA projects that the United States will surpass Russia as the world’s largest oil producer by the end of the year with the Permian playing a central role.Escalating production has raised fears of bottlenecks as pipeline companies and other infrastructure builders race to keep up.“If you’re a pipeliner, it doesn’t get better than this,” said Kelcy Warren, the CEO of Dallas-based Energy Transfer Partners and a Texas Parks and Wildlife commissioner. He was speaking during a conference panel on Wednesday where he and the chiefs of two other major midstream companies condemned recent opposition to pipeline construction.Warren, whose company was behind the controversial Dakota Access pipeline project, said opponents who had admitted to drilling through the pipeline should be “removed from the gene pool,” while Russ Girling, the CEO of TransCanada Corporation, the company behind the controversial Keystone XL pipeline project, described the opposition as a small group of extremists intent on keeping oil in the ground.The majority of pipeline laid in North America through 2020 will be in West Texas to handle “soaring” output, according to the IEA report.Earlier in the day, Mark Brownstein, vice president of the Climate and Energy Program at the Environmental Defense Fund, which appeared to be the only environmental group to present at the conference, questioned the need for a bunch of new pipelines given the rapid expansion of renewable energy.But in stark contrast to sentiments at the state Capitol, industry executives — particularly Europeans, but Americans, too — spoke about climate change as a real threat that must be addressed. They vowed to reduce planet-warming carbon emissions with some, like Royal Dutch Shell CEO Ben van Beurden, describing it as a moral imperative and others describing it as something consumers are demanding.Several executives, particularly from the power sector, raved about their Teslas and the rise of electric vehicles, which were another major conference topic. Sessions involving renewables were almost always standing-room-only.But oil executives made it clear that fossil fuels will remain king for now — van Beurden said it will be the core of Shell’s business “for decades to come.”Former Texas Gov. Rick Perry, who now heads the U.S. Department of Energy under President Trump — whose name was barely uttered during the conference — flipped the morality argument on its head, describing efforts to curb fossil fuel production for the sake of environmental protection as “immoral” because of the potentially devastating economic impact to poorer countries. He also stressed that long-sought-after energy independence is on the horizon for the United States.Natural gas executives emphasized that they, too, are here to stay — and have a big role to play in reducing carbon emissions. That fossil fuel is far cleaner burning than coal or oil, and is incredibly abundant in the wake of the shale revolution.Alternatives won’t be able to meet energy needs for some time, said Amin Nasser, the head of Saudi Aramco, Saudi Arabia’s state-owned oil company, in a speech.“I’m not losing any sleep over peak oil demand,” he said. Cambridge Energy Research AssociatesFatih Birol, Executive Director of the International Energy Agency, at the CERAWeek conference in Houston in March 2018.Coming off the worst bust in decades, oil industry executives — particularly those doing business in Texas — are resoundingly upbeat about the business thanks to higher prices, new cost-saving technologies and projections of growing global demand. That’s been the overwhelming sentiment at CERAWeek, the famed annual energy conference put on by IHS Markit where Saudis, shale cowboys and everyone in between descend on Houston to talk themselves up, feel each other out, and — at least lately — console each other in a time of great uncertainty for the industry amid the rise of renewables and a worldwide push to slash planet-warming carbon emissions.“It’s just a fantastic time to be in the energy business in the United States,” said Cynthia Walker, a senior executive at Houston-based Occidental Petroleum, echoing no fewer than a half dozen other American industry leaders who spoke at the gathering, which ends Friday.The country is going to be a dominant force not just in crude, she said, but also natural gas and petrochemicals.last_img read more

After Snapping Up Sprint SoftBank Sets Sights on TMobile

first_img Growing a business sometimes requires thinking outside the box. Opinions expressed by Entrepreneur contributors are their own. In a move that would bring it closer to becoming the world’s largest mobile carrier, Japanese telecommunications company SoftBank is in talks to acquire T-Mobile US, according to reports.But as SoftBank CEO Masayoshi Son attempts to build his online infrastructure empire, he’ll likely have to overcome serious concerns about healthy competition from U.S. antitrust regulators.If SoftBank does acquire T-Mobile – a deal that could reportedly be valued at about $20 billion – it would rocket past Verizon and AT&T to become the world’s second-biggest mobile carrier by revenue. SoftBank purchased Sprint earlier this year for $21.6 billion.Related: Apple Seeks Bigger Bite of China’s Massive Mobile MarketSoftBank’s ability to pull off the T-Mobile purchase, however, is anything but certain. The Federal Communications Commission denied an attempt from AT&T to acquire T-Mobile in 2011, citing concerns over competition. Plus, Dish Network is also reportedly considering a bid for the mobile carrier.SoftBank and Dish both vied for Sprint over the summer with Dish dropping out only after it forced SoftBank to up the ante.If the deal is successful, sources tell Reuters that SoftBank will have its Sprint unit take a majority stake in T-Mobile from parent company Deutsche Telekom AG.Related: Why Some Smart Business Moguls Still Use ‘Dumb Phones’ Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global 2 min read Register Now » December 26, 2013last_img read more

Rail Plus and Sabre release first Red App developed in Australia

first_imgRail Plus and Sabre release first Red App developed in AustraliaRail Plus and Sabre release first Red App developed in AustraliaTravel agents booking rail travel will now have a high-speed booking tool to match the popularity of high speed rail, with the news today that Rail Plus and Sabre Corporation (NASDAQ: SABR) have unveiled a new Sabre Red App. The new ‘Rail Plus Red App’ will make it easier for travel agents in Australia and New Zealand to book and process rich international rail content from Rail Plus, Australasia’s leading international rail specialist general sales agent (GSA), within the agent booking workflow.The Rail Plus Red App – the first Sabre Red App developed in Australia – will give travel agents and corporate travel managers the ability to search and book Rail Plus products in the Sabre travel marketplace and then integrate all rail booking details seamlessly within the Sabre PNR.Rail Plus Chief Executive James Dunne says the new Sabre Red App is a major development for international rail merchandising in Australia and New Zealand, specifically designed to meet the needs of travel agents here.“More consumers are looking to high-speed rail as an option within their trip itineraries today, and the advantages it offers, for corporate travel in particular, are becoming widely recognised amongst agents and corporate travel managers – from the convenience of travelling between centrally-located train stations to fewer baggage restrictions, less onerous security checks and on-the-go connectivity through access to free Wi-Fi,” says Dunne.“The launch of this new App will improve agent productivity by embedding rich rail content within the agent workflow, alongside air and other non-air content in the Sabre travel marketplace, making shopping and comparing travel options faster and more efficient,” adds Dunne.Sabre’s Red App Centre currently offers more than 100 published applications.Sabre Travel Network South Pacific Regional Director, Richard Morgan, says the release of the first locally-developed Sabre Red App represents an important milestone for Sabre in Australia.“Rail Plus has successfully driven demand for international rail within the Australasian market over the last three decades and today, more travellers than ever are considering rail travel as a component within their overseas itineraries,” comments Richard. “This new Red App, which integrates directly to the agent booking workflow to bring rail products into a Sabre PNR, will make it even easier for travel agents to respond to these traveller demands.” Rail Plus Sabre Red App Source = Sabre – Rail Pluslast_img read more

FDIC Slaps 34 Banks with Penalties Orders

first_img Agents & Brokers Attorneys & Title Companies Bank Failure FDIC Investors Lenders & Servicers Processing Service Providers 2011-08-29 Ryan Schuette The “”FDIC””:http://www.fdic.gov/ went after 34 banks for violations of federal law and agency requirements over July, slapping nearly 20 with civil fines, notifying some to correct recent decisions, and barring directors with two institutions to cease their involvement in executive decisions over allegations of personal and fiduciary misconduct. The federal agency released the information Friday.[IMAGE]According to a “”statement””:http://www.fdic.gov/news/news/press/2011/pr11143.html, the FDIC moved forward on 53 cases, issuing 19 civil money fines, 11 consent orders, and two orders that prohibited directors with federally insured institutions from making any further executive and financial institutions.The FDIC also sent directives to banks requiring prompt corrective action and reported one instance of a bank voluntarily terminating its insurance agreement.””We enter into enforcement actions against banks as a supervisory tool at our disposal in order to help banks enter into certain aspects of their decisions,”” says David Barr, a spokesperson with the FDIC, adding that “”it is common to see the number of enforcement decisions increase during down economic times, and then the number of enforcement decisions decrease during good economic times.””He says that FDIC examiners were responsible for the bank investigations and recommendations for action. “”We work closely with the banks before we issue these,”” he explains. “”We like to get their sign-on so it becomes a collaborative effort as opposed to an adversarial effort.””Barr says that most “”banks consent and agree to these orders, and we work closely with them to monitor their progress with the necessary order.””According to statements, the FDIC signed off on prohibitions after finding material evidence that two executives acted in bad faith and poor judgment.[COLUMN_BREAK]Evelyn O’Niell Rosado and Lyle Spaulding, executives with San Juan-based “”Banco Santander””:http://www.santander.com/csgs/Satellite?pagename=SANCorporativo/GSDistribuidora/SC_Index and Sterling-based “”Freedom Bank””:http://freedombankwv.com/, respectively, violated the law in a series of decisions.Without offering many details, the statements said that Rosado engaged in unsound banking practices, resulting in unspecified financial loss for her institution, while Spaulding tampered with his fiduciary duties by falling short in personal honesty.The majority of institutions felt the sting of civil money fines for various reasons. None of the banks admit fault or wrongdoing by paying the fines.Los Angeles-based “”Cathay Bank””:https://www.cathaybank.com/selectRegion.asp?sname=Index.asp faced the most heat, receiving a notice to pay out $17,710 for violating provisions related to the Flood Disaster Protection Act. Other banks in hot water with the FDIC include the Altoona-based Exchange “”Bank of Alabama””:http://www.bing.com/search?q=exchange+bank+of+alabama&FORM=HPNTDF&pc=HPNTDF&src=IE-SearchBox, which will now write $9,460 in checks to the federal agency, and the Millersburg-based “”Mid Penn Bank””:https://www.midpennbank.com/, which owes $11,300 in fines. The agency found the latter culpable for failing to obtain insurance under the Flood Act for 34 borrowers, while the former scrimped on flood insurance for nine loans, failed to adequately insure 10 borrowers, and neglected to notify borrowers that their properties sat in flood hazard zones.Commenting on the flood insurance-related violations, Barr says that supervision related to the matter has “”really been on the rise since [Hurricane] Katrina. If you take a look at what was going on after Katrina, a lot of institutions took losses because flood insurance lapsed or wasn’t required at the time that the mortgage was taken out.””The list of civil fines and penalties, corrective actions, and other orders came before a weekend in which no banks failed ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô the first time since late June and early July.””The FDIC has been saying for awhile that 2010 would be the peak year for bank failures,”” Barr says. “”We expect fewer in 2011 and going forward. I think it’s a trend we’re going to see going forward.””He chalks up the fewer bank failures to “”improvements in the banking industry”” and general economy.””Banks have made a concerted effort to clean up their balance sheets,”” he says. “”Banks are becoming more profitable. And with a profit, even if they’re not in the best financial condition and they have problem loans or assets, they’re at least making money that they can continue to operate and meet their obligations.”” August 29, 2011 524 Views FDIC Slaps 34 Banks with Penalties, Orderscenter_img Share in Government, Origination, Secondary Market, Servicinglast_img read more

November 28 2018

first_imgNovember 28 , 2018 Apples in Charts: Honeycrisp, the queen of the U.S … The world’s leading trade fair dedicated to apples, Interpoma, has hailed an “extremely positive” event this year, as its international reach continues to grow.The eleventh edition of the biannual trade fair that took place in Bolzano in northern Italy from Nov. 15 – 17 welcomed 20,000 visitors, including around one hundred representatives of the Italian and international trade press.A quarter of the participants were international visitors from 70 different countries, while the exhibition halls were fully booked with 489 exhibitors from 24 countries. The success continued during the traditional, international congress titled ‘The Apple in the World’. This year, a new format was chosen and the sessions were limited to the first two days only. More than twenty speakers from all over the world gave lectures on the latest developments in the industry to packed halls.”The topics dealt with at the congress were met with particularly great interest, e.g., the emerging apple nations in the East, India as a possible market of the future, organic farming methods, the further development of integrated production, and questions revolving around the apple varieties of the future,” said Thomas Mur, director of the Fiera Bolzano Exhibition Centre.”The extremely satisfied exhibitors, the high international popularity and the interest of business and politics show us that Interpoma is an internationally unique event in our portfolio.”Interpoma technology awardThis year’s Interpoma Technology Award was all about technologies and machines.The prize is awarded for technological innovations in the Field and Post Harvest categories by the Fiera Bolzano Exhibition Centre in collaboration with the Faculty of Science and Technology at the Free University of Bolzano and the Italian Society of Fruit, Vegetable and Flower Growers (SOI).More than two dozen companies from eight countries took part. In the Field category, first prize went to CBC Europe – Biogard Division for the product Mister Pro + Isomate CM Mister 1.0. Meanwhile, Biometric, a division of Microtec, won the Post Harvest category with the Q Eye XP.Exhibitors very satisfied”The event was a complete success and the trade fair is very international: we were able to make contact with Americans and visitors from almost all over Europe and the world such as Canada and Australia,” said William Connell-Smith, an engineer working for British exhibitor Redpack.”Selling machines is not an easy task. First and foremost, we must be able to show interested parties the benefits of our products.”Gabriele Maccanti, owner of Maccanti Vivai, said: “We were pleased to register a large number of visitors. Many international visitors, especially from Greece, Spain, Israel, Tunisia, Morocco, Poland and Russia came to see us.”This is a very positive sign, as it shows that people are interested in apples not only in Italy, but also in other Mediterranean countries and throughout Europe.”Elie Shahin, import manager of Kaf in Dubai, said this was her first time at Interpoma.”We import most of our apples from Italy (Royal Gala, Golden Delicious, Granny). The trade fair gave us the opportunity to get to know the majority of our suppliers personally, and the technological aspect of cultivation was emphasised as well.”It was simply great to learn something about the challenges of apple production and we are very happy to have met the people who supply our markets.”Stuart Tustin of New Zealand, a speaker at the congress and jury member of the Interpoma Technology Awards, said: “The variety of new technological concepts I became familiar with at Interpoma is simply fantastic.”There are many different approaches, from automation and remote sensing systems to other very creative technologies. I think that in Northern Italy the fields of technology and mechanical engineering are very strong. What I saw impressed me a lot.””Italian apples, due to their quality, cultivation methods and sustainable production, have all the characteristics needed to conquer distant markets,” said Giulia Montanaro of Assomela, the Italian Association of Apple Producers.”We are suffering somewhat from the fact that export institutions are not always as present as we would like them to be. We would like to work more closely with them, because as producers we really do everything we can to reach the markets of these countries.”Over the past three days, this internationalisation of the industry was easy to observe at Interpoma. In the corridors, I met people from different nations as well as exhibitors from different parts of the world. In my opinion, this circumstance could also be put to practical use from an export point of view, i.e. the Italian apple market could be made more international so that Italian apples could conquer as many markets as possible.”Interpoma ChinaThe third edition of Interpoma China will take place for the first time in Shanghai in 2019.”Interpoma Bolzano was an excellent opportunity to explore the interest of exhibiting companies in the Chinese market,” said Martina Bonatti, exhibition manager of Interpoma China.”The feedback was very positive and we already laid the foundation for a successful Interpoma China 2019. The trade fair will take place from 15 to 17 April as part of Fresh Logistics China organised by MMSH – Messe München Shanghai.” LPS ’19 preview: South Africa anticipates challeng … U.S.: Michigan Apple Committee funds new research … You might also be interested in NZ horticultural export value grows to NZ$5.5B …last_img read more

by The Associated Press Posted Apr 26 2019 10

first_img by The Associated Press Posted Apr 26, 2019 10:52 am PDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email The Latest: Two-stepping in the mud at Jazz Fest, Day 2 NEW ORLEANS — The Latest on the second day of the 50th annual New Orleans Jazz and Heritage Festival (all times local):12:40 p.m.Folks are two-stepping in the Louisiana mud on the second day of the 50th annual New Orleans Jazz and Heritage Festival.Friday’s abundant sunshine couldn’t bake away all of the water that drenched the festival grounds during Thursday storms that delayed the opening. But that didn’t stop the dancing by people — some in boots, some in flip-flops — as Zydeco music wailed from the Fais-Do-Do (FAY-doh-doh) stage.Meanwhile, stirring gospel rang out from one tent, traditional jazz from another and rock from other stages while people lined up at food booths to feast on Louisiana favourites like gumbo and crawfish or a variety of international cuisines.Santana is among closing acts set for Friday evening. The festival takes place on the infield and grand stand of the Fair Grounds Race Course.___7 a.m.Sunshine and Santana. Both are expected to be welcome sights on the second day of the New Orleans Jazz & Heritage Festival.There have been some disappointments in the run-up to the 50th annual Jazz Fest. The celebration was to have been marked by a May 2 performance by the Rolling Stones but the group had to cancel for health reasons. So did Fleetwood Mac.Then there were the storms that delayed Thursday’s opening.Friday’s forecast calls for warm, dry weather for the dozens of acts that will play throughout the day on 10 stages.Santana is set to close out a main stage in the evening. Other highlights include high school choirs raising spirits in the Gospel Tent and Grammy winner Terence Blanchard at the WWNO Jazz Tent.The Associated Press Ciara performs at the New Orleans Jazz and Heritage Festival on Thursday, April 25, 2019, in New Orleans. (Photo by Amy Harris/Invision/AP) last_img read more

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voted to amend our state constitution to protect the institution of marriage from exactly this type of judicial activism. and prompting Maryland’s governor to declare a “state of emergency. Joe Kresl and Trent Brekken.That’s primarily because of two reasons Stanton wrote that he has so far tried not be political, we came on oath to promise to protect them and their properties. we need to figure out how to prevent rogue pilots from taking over airliners. read more

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