Sponsored By: Canadian corporations have ramped up their spending abroad as Canada deals with significant levels of debt.Darryl Dyck/Bloomberg advertisement 0 Comments Featured Stories Twitter April 23, 201912:21 PM EDT Filed under News FP Street Foreign investments by pension funds protect Canada’s triple-A credit rating Since 2011, the value of Canada’s overseas assets has more than doubled, says the global credit rating agency Fitch Email Share this storyForeign investments by pension funds protect Canada’s triple-A credit rating Tumblr Pinterest Google+ LinkedIn Facebook Recommended For YouMicrosoft beats on sales and profit on strength of cloud businessLoonie could hit US$0.80 before Bank of Canada crashes the partyShopify launches network of warehouses and shipping in U.S. to handle orders for independent merchantsThe storm is coming and investors need a financial ark to see them throughTrans Mountain construction work can go ahead as National Energy Board re-validates permits Join the conversation → Comment Reddit What you need to know about passing the family cottage to the next generation Esteban Duarte Bloomberg News More Canada’s trove of overseas assets, including airports and roads owned by pension funds, is helping to protect the country’s top credit rating, according to Fitch Ratings.Foreign assets held by Canadians reached $3.71 trillion US at the end of 2018, exceeding foreign liabilities by $528.6 billion US$ and making the country a net creditor to the rest of the world.That’s helping to support the credit rating, despite a mountain of public-sector debt and persistent current account deficits that would typically undermine a nation’s creditworthiness, Fitch said. The current account includes trade in goods and services, as well as net earnings on cross-border investments and transfer payments. Stephen Poloz’s dashboard: The latest charts that matter most to the Bank of Canada CPPIB and Ontario Teachers’ on team buying British satellite operator Inmarsat for $3.4 billion Brookfield buys most of Oaktree in $4.8 billion deal to build juggernaut to rival Blackstone “Countries that run current account deficits are countries that tend to pull the rating down,” said James McCormack, Fitch’s global head of sovereign & supranational group. Nonetheless, “Canada is building more external assets than external liabilities.”Canada historically had been a debtor nation, with net liabilities peaking at $333 billion US in 2011, according to Statistics Canada. But since then, the country has seen the value of its foreign assets more than double, helped in part by a weaker Canadian dollar. That outpaced a 72 per cent increase in liabilities. The nation turned from debtor to creditor in 2014.The $2.2 trillion US economy is supporting public sector debt — provincial and federal — equivalent to almost 90 per cent of its output, compared with an average of about 40 per cent for the 11 countries rated AAA by Fitch. Top-rated countries have on average been reporting current account surpluses while Canada has posted deficits of about two percentage points to almost four percentage points of gross domestic product in the last decade.Pension FundsThose weaknesses would put the country’s rating in the AA-range, were it not for a two-level uplift that Fitch applies to take into account issues including the net international investment position and unfunded pension commitments that are lower than its peers, wrote McCormack, who previously was a Bank of Canada official as well as a Goldman Sachs Group Inc. alumni.Only Canada and Denmark are given that adjustment, said McCormack.Pension funds such as the Canada Pension Plan Investment Board and the Caisse de dépôt et placement du Québec are playing a key role in bolstering Canada’s presence abroad. Pension fund assets rose 53 per cent to $1.92 trillion US at the end of 2018 from $1.25 trillion US in the second quarter of 2011, according to Statistics Canada.Clear LiabilitiesCPPIB, which manages the pension savings of all Canadians except those in Quebec, had $302.3 billion US of investments overseas in the fiscal year ended March 2018, or almost 85 per cent of its assets under management, according to its annual report. Last month, it committed about $900 million US in a joint bid for U.K. satellite company Inmarsat Plc.Almost two-thirds of the Caisse’s $309.5 billion US of assets at the end of last year were invested outside of Canada. On April 5, the Caisse announced a deal with with France’s Engie SA to buy 90 per cent of Petroleo Brasileiro SA’s pipeline unit TAG for $8.6 billion US.Other big overseas investors include Brookfield Asset Management Inc., which has about $350 billion US under management.“Despite heavily financing ourselves abroad, Canadians have not dug themselves into a foreign debt hole,” Avery Shenfeld, chief economist at Canadian Imperial Bank of Commerce, said Friday in a separate note. “If we sold everything we’ve added to our balance sheets in assets abroad, as a country, we could clear our liabilities.”To be sure, the country’s international net international investment position may be not enough to protect the country’s top rating should public debt ratios head upward and rise over 90 per cent of GDP, said McCormick.Also, the country’s net international investment position declined by $109.1 billion US in the last quarter after reaching record $637.7 billion US at the end September, according to government data.Shenfeld also cautions that in the next downturn the value of Canada’s overseas assets may slip while the country will still have to make interest payments on debt held abroad. ← Previous Next →
Comment Reddit March 18, 20197:05 AM EDT Filed under News FP Street Twitter Reuters ← Previous Next → Recommended For YouAlberta wildfires are driving the price of Canadian crude oil higher’Wounded bulls’ remain nervous as oil prices rally ahead of earnings seasonUPDATE 2-Lagarde ECB pick triggers euro-zone share rally as investors seek yieldAppili Therapeutics Announces Filing of Final ProspectusJust what is Warren Buffett getting up to in Europe? Merger of Germany’s two biggest banks, Deutsche and Commerzbank, would put 30,000 jobs at risk, warns union A top investor in Deutsche Bank also expressed doubts about a potential merger Sponsored By: More Join the conversation → 0 Comments BERLIN/FRANKFURT — A merger of Deutsche Bank and its rival Commerzbank could result in as many as 30,000 job cuts over the long term, a representative of German union Verdi who is a Deutsche supervisory board member told n-tv broadcaster.A top investor in Deutsche Bank also expressed doubts about a potential merger, according to a person close to the investor.The fierce opposition from the union and shareholder reservations come after both banks on Sunday confirmed talks about a merger and underlines the obstacles to efforts to combine Germany’s two biggest banks.Most of the 30,000 positions at risk are based in Germany, Verdi’s Jan Duscheck said, according to comments published by the TV station on Monday. Over the short term there are 10,000 jobs under threat, Duscheck added.However, the initial market reaction was positive. Shares in Deutsche Bank were up 3.3 per cent at 0829 GMT while Commerzbank traded 4 per cent higher.The supervisory boards of both banks meet on Thursday when the merger is likely to be discussed.Related Stories:UPDATE 2-Deutsche Bank to axe investment bankers in up to $5.6 bln revampDeutsche Bank restructuring to cost up to $5.6 billion – sourceDeutsche Bank to cut 18,000 jobs in 7.4 bln euro overhaulThe German government has pushed for a combination given concerns about the health of Deutsche, which has struggled to generate sustainable profits since the 2008 financial crisis.The government, which holds a stake of more than 15 per cent in Commerzbank following a bailout, wants a national banking champion to support its export-led economy, best known for cars and machine tools.However, the jobs impact will be a big issue.“In our opinion a possible merger would not result in a business model that is sustainable in the long term,” Verdi’s Duscheck said.A major Deutsche shareholder is not fundamentally opposed to a merger, said a person close to the unnamed shareholder, but wants to hear a compelling case for a deal.“We have considerable doubts about the logic and the timing and want to be convinced,” the person said.A merged bank would have one fifth of the German retail banking market. Together the two banks currently employ 140,000 people worldwide – 91,700 at Deutsche and 49,000 in Commerzbank. © Thomson Reuters 2019 Facebook Featured Stories Headquarters of Deutsche Bank, left, and Commerzbank are seen in Frankfurt as Germany’s two biggest banks begin talks on a possible merger.AP Photo/Michael Probst advertisement Email Share this storyMerger of Germany’s two biggest banks, Deutsche and Commerzbank, would put 30,000 jobs at risk, warns union Tumblr Pinterest Google+ LinkedIn What you need to know about passing the family cottage to the next generation
We’ve seen the Tesla Semi hauling cars, but now it’s officially taking them to owners’ homes.Source: Electric Vehicle News
More than 3,000 Tesla Model 3 registered in June drives electric car sales in Norway up by 87%.Source: Electric Vehicle News
Username Password Not a subscriber? Sign up for The Texas Lawbook. When the U.S. Supreme Court last week imposed a five-year statute of limitations on any claim for disgorgement in a Securities and Exchange Commission enforcement action, the justices almost certainly impacted the government’s case against Sam Wyly and the estate of his brother. The ruling will likely mean that at least a portion of the $187 million judgment remaining against the Wylys will be vacated. This article has the details of the decision . . .You must be a subscriber to The Texas Lawbook to access this content. Lost your password? Remember me
Longtime East Wenatchee city councilman George Buckner suffered a brain aneurysm Friday morning while playing golf, and later died. In a Wenatchee World story, his wife of 30-years, Marie, said he was doing what he loved most at the time of his collapse, at the Wenatchee Golf and Country Club. He died five hours later at Central Washington Hospital surrounded by family and friends. He was 83. Buckner was a city councilman since 1998, and had served first in the Marines, then 25 years in the military reserves. He graduated from Harvard in economics, earned an MBA at Wharton school of business, and had established a long-running career as an investment counselor. He called East Wenatchee home since 1986.
Source:https://www.fecyt.es/ May 22 2018For decades, the elderly in Spain have shown a preference for living at home, either alone or with their partners, instead of sharing a home with relatives of other generations. A study by the University of Granada delves into the reasons for this trend.Intergenerational cohabitation in Spanish families is an essential resource for many adult children due to the current emancipation patterns among the young. However, for decades, the tendency among older people in Spain has been to live with their partners or on their own after being widowed.Juan López Doblas, researcher at the University of Granada (UGR), has published a study in Revista Española de Investigaciones Sociológicas (Spanish Journal of Sociological Research) on the reasons that lead these people to live alone, instead of sharing the household with relatives of other generations.”In the Western world, it’s been happening since the mid-twentieth century because that is when Social Security and pensions were established. In Spain, this arrived a bit late, as in other Mediterranean countries, because values of a more individualistic type have traditionally been more typical of Nordic countries”, says the scientist.The study was based on interviews lasting more than one hour with various groups of people over 63. The regions of Asturias and Andalusia were chosen, because they have different rates of population aging and, additionally, the senior citizens living there differ substantially in essential aspects, such as pension amounts or educational level.”What we’ve observed in the study is that, at present, older people have a preference for privacy and freedom, and that comes before being kept company,” López Doblas points out.All the discussion groups consisted of a majority of widowed persons, which reflects the numerical predominance within the population group under study.Emotional attachment to one’s home and social isolationOne of the most important aspects for understanding the reasons for the decline of intergenerational coexistence in Spain lies in the household in question. According to the work, the elderly are aware that they cannot expect their families to come to live with them, so it is they who would have to move in with their families. And such a decision would most likely mean having to definitively quit the household they have been living in for decades, which is something that, as the study reveals, they refuse to do unless it is absolutely necessary.Related StoriesRepurposing a heart drug could increase survival rate of children with ependymomaResearchers identify gene mutations linked to leukemia in children with Down’s syndromePuzzling paralysis affecting healthy children warns CDCAccording to the author, “they have a strong emotional attachment to their homes, even when living conditions aren’t the best. They regard moving house as an unnecessary personal sacrifice that would also, besides, isolate them from their social environment, where they can socialise with family, neighbours and friends.”Living alone despite low pensionsThe study also significantly reflects the manner in which the participants in the discussion groups explain what their lives would be like if they chose to live with their families. “They understand that if they shared the household with relatives, they’d be a burden for them, which is something they want to avoid at all costs. They also reject this so as not to meddle in their private lives, or disturb their privacy. And they fear that daily cohabitation would eventually and inevitably generate discomfort, arguments and conflicts,” he explains.Regarding pensions, although they are usually low, especially for many widowed women, this does not prevent them from managing to be self-sufficient. It is something that they achieve through a thorough control of spending, which often entails austerity in the consumption of even basic goods and services.”Widowed people are forced, for the first time in their lives, to handle roles and experiences that are initially very harsh, in addition to loneliness. Adaptation is very difficult. But after a while, they also value freedom. It is a balance between the risks and the positive aspects,” concludes López Doblas.
May 23 2018Researchers from McMaster University and the Firestone Institute for Respiratory Health at St. Joseph’s Healthcare Hamilton, together with colleagues at other partnering institutions, have developed a new method to treat severe asthma. In a study of over 200 participants with severe asthma, the new treatment was shown to have improved asthma symptoms and lung function, while reducing the need for corticosteroids by up to 70%.According to Statistics Canada, 8% of Canadians aged 12 or older – approximately 2.4 million people – have been diagnosed with asthma. Of that, approximately 25% are considered to be severe cases of asthma.Current treatments for severe asthma often include high doses of corticosteroids, such as prednisone, to control exacerbations. Reducing the need for corticosteroids with alternative treatments is preferable, since these medications are associated with serious side effects from prolonged use – including multi-organ toxicities and immunosuppression.Dr. Parameswaran Nair, staff respirologist at St. Joseph’s Healthcare Hamilton and professor of medicine at McMaster University, along with a team of researchers found that an antibody called dupilumab is effective in treating severe asthma in place of high doses of prednisone. The results were published in the New England Journal of Medicine, one of the world’s most influential medical publications.Researchers sought participants who had been using oral corticosteroids (prednisone) to treat severe asthma for at least six months prior to the study. In addition to their standard regimen of corticosteroids, patients received either dupilumab or a placebo during the 24 week trial. The corticosteroid dose was gradually reduced during weeks four to 20, and maintained at a low level for the final four weeks.”The ability of dupilumab to increase lung function as markedly as it did in this study, even in the face of [corticosteroid] withdrawal, indicates that it appears to be inhibiting key drivers of lung inflammation,” the researchers noted.Dupilumab works to treat asthma by blocking two specific proteins (called interleukin-4 and interleukin-13) that are associated with inflammation of the airways.This technique was based on Dr. Nair’s previous work published in the New England Journal of Medicine in 2009 and in 2017. Those studies found that blocking another protein, interleukin-5, allowed patients with high eosinophil levels in their blood and airways to reduce their corticosteroid dose. Eosinophils are a type of white blood cell involved with the production of interleukins. High eosinophil levels are directly linked to an increased risk of severe asthma.Related StoriesEliminating asthma triggers right at the source to create healthier homesGrowing up on farm with animals may half risk of asthma and allergies, suggests studyWorld Asthma Day: How climate change is increasing cases of asthmaUnlike the previous studies, dupilumab was shown to be effective regardless of patients’ eosinophil levels. Despite the reduced prednisone dose, patients in this study not only experienced a decrease in asthma exacerbations, but their lung function also improved significantly.”Ultimately, our goal is to find new treatment pathways that allow us to circumvent the use of corticosteroids,” said Dr. Nair. “Since dupilumab showed a significant improvement on asthma control regardless of eosinophil levels, we may be able to use this treatment for a wider range of patients than we previously thought possible. This might be due to the broad effects on inflammation in asthma of the two proteins that we were able to block with dupilumab. The treatment was not associated with any serious side effects.”Dr. Nair and his team presented the details of their study at the American Thoracic Society’s international conference in San Diego this past week. There, researchers and clinicians from around the world gathered to discuss respiratory illnesses and the latest breakthroughs in treatment.”This work highlights the clinical and research excellence in pulmonary diseases that exists at St Joseph’s and the Firestone Institute,” explained Dr. Jack Gauldie, vice president (research) at St. Joseph’s Healthcare Hamilton and a professor emeritus of McMaster University.”Dr. Nair is one of the world’s best clinicians in the field of severe asthma and his studies on modification of immune regulation, targeting two important immune factors, bring an immense impact directly from the lab to the patient in managing this difficult and dangerous form of asthma. We are immensely proud of these advances in pulmonary medicine.” Source:http://www.mcmaster.ca/
Source:https://msutoday.msu.edu/news/2018/microbiologists-and-plant-scientists-find-secret-to-tackling-cholera/?utm_campaign=media-pitch&utm_medium=email Jun 26 2018While cholera rages across many regions of the world, a team of microbiologists and plant scientists has pinpointed a genetic weakness in the pandemic’s armor, which could lead to future treatments.The current cholera pandemic began in Indonesia in 1961. Rather than fade away like its six previous worldwide outbreak predecessors, the responsible strain is thriving and actually picking up steam. A discovery, led by scientists from Michigan State University and Tufts University and featured in the current issue of PNAS, shows the key genetic change the seventh pandemic acquired to thrive for more than 50 years.The interdisciplinary team of scientists reveal the first ever signaling network for a new bacterial signal, cyclic GMP-AMP (cGAMP), in the human cholera pathogen. The team also identified the first protein receptor of cGAMP as a phospholipase enzyme that remodels the V. cholerae membrane when cGAMP is produced.”When this pandemic emerged, it virtually displaced all of the other V. cholerae isolates, or previous strains, on a worldwide scale,” said Chris Waters, MSU microbiology professor, who co-led the study with Wai-Leung Ng, Tufts microbiologist. “No one really knows why this happened. Our discovery of cGAMP synthase and phospholipase, which are present only in the seventh pandemic, could be key drivers of the seventh cholera pandemic.”The evolution of this new signaling ability has contributed to this current strain – nicknamed “El Tor” – in causing around 95,000 deaths annually. Just last year in Yemen, more than 1 million people contracted cholera and nearly 2,200 people died, making it one of the largest cholera outbreaks in world history.Serendipity and interdisciplinary research contributed to this discovery. Even though they were postdoctoral fellows at Princeton University together, Waters and Ng didn’t realize they were studying the same genetic pathway until they landed their positions at their respected universities.Related StoriesMetabolic enzyme tied to obesity and fatty liver diseaseGene modulation goes wireless hacking the “boss gene”Molecular switches may control lifespan and healthspan separately, genetic discovery suggestsOnce they began to compare notes, they realized their research had real potential to understand this new cholera pandemic.Graduate students Geoff Severin in the Waters lab and Miriam Ramliden in the Ng lab led the team to an island – the Vibrio seventh pandemic island – to find cholera’s genetic advances that’s allowed El Tor to find the traits none of its predecessors possessed. On this atoll of around 20 newly acquired genes was where they found the buried treasure of the phospholipase cGAMP receptor.Waters knew that Christoph Benning, a renowned plant scientist and director of the MSU-DOE Plant Research Laboratory, was an expert in lipids and would possibly have some leads on the phospholipase – enzymes that degrade membrane building blocks – on which they were focusing.”I immediately answered that yes we would like to help and that we could contribute to this research,” Benning said. “If you break it down to the biochemistry, it doesn’t matter if it’s a human, bacterium or plant; we have many of the same genes and enzymes.”And indeed they did. Benning enlisted the help of Kenny (Kun) Wang, a former graduate student in his lab. Wang had become an expert on these types of plant proteins, which are tricky to produce as they can destroy cells in the process. He obtained and made the cholera phospholipase work in a test tube so the team could study how it is controlled by cGAMP.Now that the scientists have unearthed the treasure, they’re looking for the keys to unlock one of El Tor’s greatest strengths, and turn it against itself.”We think this new system is one of the key elements that led to the emergence and persistence of the current pandemic,” Ng said. “Our future research will try to understand the role that the cGAMP/phospholipase system played in this emergence.”
Homes, businesses, and coastal infrastructure aren’t the only things endangered by sea-level rise: A new study suggests nearly 80% of World Heritage sites along the Mediterranean coast are at risk, too. These include the medieval city of Rhodes in Greece, the Kasbah of Algiers in Algeria, and Venice, Italy’s saltwater lagoon (above). An analysis of 49 such low-elevation sites reveals that by the year 2100, all or part of up to 40 will be endangered by storm surges that exceed the level of a 100-year flood, and as many as 46 of them will be threatened by coastal erosion.But nations seeking to protect these sites shouldn’t wait another 80 years to address the problems, researchers warn today in Nature Communications. That’s because 37 of the flood-prone sites and 42 of the erosion-prone sites are already vulnerable, although to a much smaller degree than they will be in the future.To save at-risk sites, some monuments could be moved to higher ground. But that will be impossible for large archaeological sites or urban areas, which will need to be protected through other measures, the researchers write. Some solutions could be as simple as sea walls. But others are more extreme: For example, Venice is now building—at an overall cost approaching €6 billion—a series of gates that can temporarily isolate the city’s lagoon from the Adriatic Sea during exceptionally high tides. iStock.com/Givaga By Sid PerkinsOct. 16, 2018 , 11:00 AM Sea-level rise could drown dozens of Mediterranean heritage sites
Sudan Is Burning But People Don’t Care Because It’s Not A Cathedral Let’s look at an abridged list of people who have gotten “canceled” on social media. When it was announced that Kevin Hart would host this year’s Oscars, his old homophobic tweets resurfaced, causing the Academy to demand an apology from him. He refused and was booted from the show. When Louis CK and Aziz Ansari were accused of sexual assault, they responded by taking social media hiatuses. When Kanye West said slavery was a choice and started donning MAGA hats while being chummy with Donald Trump, he was summarily slandered across social media. In most people’s eyes, these men got canceled. But in actuality, nothing really happened to them beyond career inconveniences.Louis CK and Aziz Ansari are both back on the comedy circuit, touring and making money. Kevin Hart dropped a new (awful) Netflix comedy special and Kanye West’s Yeezy sneakers are still selling out every time they’re released. We could go on: R. Kelly was touring pretty much up until the day he was actually arrested; Roseanne – whose show was literally canceled last year due to her rampant racism – returned to standup in March; and so on. The fact is, people just don’t actually get canceled. Their shows might get canceled. Their movies might get shelved. Their albums might get panned but in the grand scheme of things, their lives go on relatively unscathed – especially compared to the marginalized folks they continue to insult.If Kanye’s album had been any good or Kevin Hart’s standup been bearable or R. Kelly had a fire new project, these men would have just as many fans quoting gobbling up their works as before. That’s because, for as many voices that are genuinely outraged by what these people do and say, there are just as many fans who don’t care enough about the LGBT community, black folks, women or anyone else to stop supporting their trash faves. Stop Telling Black Folks To Settle For A Candidate Just To Beat Trump In 2020 Twitter Cancels Source Magazine Over Its Clickbait Nipsey Hussle Murder Video Source: Gilbert Carrasquillo / GettyThe phrase “cancel culture” has been one of the most popular new things for people to say without really having any clue what it actually means. The prevailing definition of cancel culture is the idea that saying the wrong thing, having old inflammatory tweets or sound bytes resurface or having unpopular political reviews will ultimately result in social media users “canceling” the offending party. To “cancel,” then, is to sic the wrath of social media upon someone with the end result being some sort of catastrophic blow to said person’s career. The prevalence of these “cancel” moments has caused people to characterize the leaders of so-called cancel culture – namely young, marginalized communities – as too sensitive; as always needing to find something to criticize or find fault in. Leading to an idea that free speech is dying at the hands of those pesky millennials. But here’s the problem: cancel culture isn’t an actual thing because nobody really, truly gets canceled. And the continued use of the phrase like it’s some boogeyman is only a thinly-veiled method of marginalizing the people around us who want to vocalize when they and their respective communities are wronged. More By daviddtss cancel culture , Kanye West David Dennis, Jr. is a writer and adjunct professor of Journalism at Morehouse College. David’s writing has appeared in The Guardian, The Smoking Section, Uproxx, Playboy, The Atlantic, Complex.com and wherever people argue about things on the internet.SEE ALSO:Where Are Black Writers Covering Game Of Thrones?The Mueller Report Is A Metaphor For White Power Even though nobody is actually ever canceled, the importance of people who call out the homophobic, racist, ableist, misogynist, etc. etc. among us can’t be understated. The pressure applied to celebrities and those in the public eye from hordes of regular folks and activists is vastly important in articulating what actions will and won’t be accepted by society anymore. Every time someone becomes a trending topic for hate speech and intolerance, it’s a reminder that there will always be people among us who will hold your feet to the fire if you say something that could threaten our lives.At the same time, however, the persistence in people in the public eye to scream “cancel culture” and call marginalized folks too sensitive or themselves intolerant is simply a means to control narratives and live with the freedom of a misogynist, racist or homophobe without consequences. No, society isn’t getting more sensitive, we’re just getting more vocal and using social media as a means to articulate the need for everyone to simply do better. Yelling “cancel culture” when a member of the LGBT community won’t let Kevin Hart off the hook for his homophobia gaslights that person and suggests that demanding the comedian answer for his words is somehow unreasonable. Crying “cancel culture” is simply begging to be as loud and hateful as possible with little recourse.Cancel culture is a myth. The reality is there are more people with amplified voices who are refusing to sit silently while their communities come under attack by those with the social capital to cause harm. When that happens, awareness is raised, people are uncomfortable and hopefully, some are deterred from being trash. But in reality, for the overwhelming majority of instances, nobody actually gets fully canceled or faces life-changing consequences or silencing. They’ll still earn their money, maintain their notoriety and go about their careers relatively unscathed. They’ll just know that there will be folks ready to call them out at every step of the way if they show they haven’t bothered to learn from their transgressions. Dear White People: Make Your White Friends Watch ‘When They See Us’
ShareTweetSharePinDominica’s Commissioner to the OECS, Ambassador Felix GregoireDominica’s Ambassador to the OECS and CARICOM, His Excellency Felix Gregoire has advised the public to avoid getting carried away by electoral reform.He said generally, elections in Dominica are known to be peaceful and free.“I would like to advise that we do not get carried away by electoral reform,” he said. “I share that opinion because of my extensive involvement in the electoral process from 1980.”Gregoire added that given his experience with process, he believes that it has served Dominica.“It is the same electoral process that brought the Freedom Party into power in 1980, the United Workers Party in 1995, the coalition government into power in 2000 and the Labour Party into power in 2004, 2009 and 2014,” he argued.According to him, after each general election, the Chief Elections Officer submits a report to the government and makes recommendation for improvement.“The present government has attempted to implement recommendations made, especially regarding the use of identification cards for voting to enhance the existing laws,” he stated, adding that the the government has cataloged its efforts to have draft laws passed in parliament, “and all Dominicans are aware of the opposition towards these efforts.”He went on to say that when no political party is responsible for the delays experienced in the reform process, “one has to question the source of that information and the intention of those making such false statements.”Gregoire further stated that “every sober” person in Dominica knows what has to be done to remove the names of dead persons on the list of electors.“The elections laws are very clear on this matter and the fact that the soldiers of electoral reform are not doing what is necessary in that regard, begs the question as to whether they are serious or are just interested in having a dead horse to flog, ” he said.Gregoire explained that he had read a copy of the document entitled ‘Interim Report on the Electoral Reform Effort’ by the group comprising of leaders of church, business and civil society.“The copy I have read is not signed and I have not been able to find a signed copy, so I will reserve my comment on that report in the public domain until I have found a signed copy,” he explained.He said meanwhile, as political parties prepare themselves for the next general elections, “I trust that we as law abiding citizens we will conduct ourselves in a manner that will preserve the peace in our beloved country.”While Gregoire insists on the freeness of previous elections, in his statement, he does not mention the issue of fairness which is at the core of ongoing advocacy for electoral reform in Dominica.Ambassador to the OAS and DLP’s campaign manager, Vince Henderson said recently that there was no need for electoral reform in Dominica pointing out that all observer missions to Dominica during previous elections have reported that elections were free and fair. Henderson was taken to task by the UWP parliamentary opposition and Concerned Citizens Movement, both advocates for electoral reform, for misrepresenting the findings of the Observer Missions.The report of a mission from the Commonwealth Secretariat which observed the 2014 general election Dominica, concludes that while the election was free for entry and the casting of the ballot, “the election was not necessarily fair, due to: the lack of balance, and in some cases lack of professionalism of the media; the absence of campaign finance regulations and the resultant lack of transparency on financing, coupled with the exponentially increased expense associated with campaigning.”
“I am a f****** international lawyer,” she told the crew and spat at a flight attendant from close range.In a video that had gone viral on social media, the woman was heard saying, “I am working for all your people…for you, an international criminal lawyer. Don’t get any money for it, by the way. But you can’t give me a …glass of wine, is that correct?”Air India had filed an FIR against Burns and she was taken into custody on landing at London’s Heathrow airport. She later pleaded guilty to charges. Related News By Express Web Desk |New Delhi | Updated: July 4, 2019 5:30:07 pm Air India suffered Rs 430 crore loss when Pakistan closed airspace: Hardeep Singh Puri In a Mumbai-London Air India flight in November last year, Burns, who has worked with refugees, went on an expletive-ridden racist rant against the flight crew after she was denied more wine in the nine-hour flight. (Screengrab)An Irish lawyer who abused an Air India flight attendant in a racist rant after being refused alcohol on a Mumbai-London flight was found dead at her home in England’s East Sussex on June 1, reported The Telegraph. Simone Burns, 50, is said to have allegedly committed suicide. In April 2019, Burns was sentenced to jail for six months after being found drunk on an aircraft, and two months for assault. She was released from a prison in the UK on May 20.“The body of a woman found at Beachy Head on June 1 has been identified as Simone Burns from Hove,” a Sussex police spokesperson was quoted as saying by The Telegraph. “The death is not being treated as suspicious and the next of kin have been informed. The matter has been passed to the coroner’s officer,” the spokesperson added.In a Mumbai-London Air India flight in November last year, Burns, who has worked with refugees, went on an expletive-ridden racist rant against the flight crew after she was denied more wine in the nine-hour flight. Advertising Advertising DGCA suspends Air India pilot for six months for ‘physical altercation’ with cabin crew member DGCA: ‘Off-duty officials barred from travelling in cockpit’ 20 Comment(s)
Advertising Top News Advertising In undecided Congress, first open call for Priyanka: She should be party chief Karnataka: SC to rule today, says Speaker’s powers need relook Top news on Monday morning.Chandrayaan-2 launch called off after ‘technical snag’In an anti-climax to the build-up around the historic moment, a keenly awaited launch of India’s Chandrayaan-2 was called off due to a technical snag. The countdown to the launch was stopped at 56 minutes ahead of the scheduled time after scientists detected a problem in the rocket. ISRO did not provide details. NRC deadline approaching, families stranded in Assam floods stay home Tietanic victory: England win World Cup after match and Super Over end in tiesEngland were crowned World Champions after they beat New Zealand in a dramatic final that went into a Super over. The host nation triumphed in the end, not because the Kiwi’s were less talented — both teams ended up equals, not once, but twice.Wimbledon: How Djokovic defended his title in a historic matchLast evenings win marked the fifth time Djokovic won the title at Wimbledon, and his 16th Grand Slam overall. The tight five-setter was the first time a match tie-breaker was needed to decide a singles match in Wimbledon history. It was also the longest singles final in the tournament’s history. An analysis of Djokovic’s game.Fadnavis balances Maratha quota: offers general category fee aid, more seatsOpen category Maharashtra students who fail to get admission in medical colleges for MBBS or post-graduation due to the reservations introduced will be allowed to take admission in private medical colleges, with the government reimbursing the difference in fees. Also, the decrease in seats in the category due to reservation will be compensated by increasing the number of seats. Opinion | A more opaque AadhaarAadhaar undoubtedly is a technical and administrative achievement of an unprecedented scale, and KYC has been one of its more successful use cases. However, the steamrolling of the legislative processes, without heed to the Supreme Court judgment or civil society concerns, appears to be closed-minded and brazen, writes Subhashis Banerjee, professor at IIT Delhi.Draft Model Tenancy Act: What govt proposes for house owners, tenantsThe draft Model Tenancy Act, 2019, released by the Ministry of Housing and Urban Affairs, lays down the obligations of tenants and landlords and provides for an adjudication mechanism for disputes. The Act will also bring the vacant houses into the rental market and promote the growth of the rental housing segment.Govt readies plan for second wave of asset monetisationThe inter-ministerial committee (IMC) chaired by NITI Aayog CEO Amitabh Kant will soon recommend a second list of PSU assets, including pipelines of GAIL, mobile towers of BSNL and MTNL, and ATMs of state-owned banks, that could be monetised to raise resources for fresh investment by these undertakings.And finally…Women employees in Haryana may soon be able to take care of their children while at work. The state govt has notified draft rules to make a “creche facility” mandatory for every establishment that has 50 or more employees. By Express Web Desk |New Delhi | Updated: July 15, 2019 8:45:32 am Post Comment(s)
A hardware wallet for virtual currencies with millions of users has been compromised by a 15-year-old security researcher.Saleem Rashid explained how he cracked the firmware on the wallet produced by Ledger in an online post Tuesday.Rashid performed what’s known as a “supply chain” attack. That means a targeted device is compromised before any users get their hands on it.The attack on Ledger’s US$100 Nano S wallet creates a backdoor on the device that generates predetermined wallet addresses and passwords. With that information, a bandit could perform a number of nasty deeds, including sending money from the wallet to the attacker’s account.Rashid informed Ledger of his hack in November. Since then, the company has released a new version of the firmware that’s supposed to address the vulnerability in the Nano S, although it remains unaddressed in another model of the wallet, the Ledger Blue. Rashid’s vulnerability involved Ledger’s wallet implementation — not the security of any of the cryptocurrencies that might be stored in it, emphasized Kees Schouten, the senior director for product at NYIAX.”The security of blockchain transactions themselves are not in doubt or exposed with this hack,” he told TechNewsWorld.”The hack wasn’t the hack of the cryptography,” Latium’s Johnson added. “It was a hack of the wallet provider’s software. If someone had undone the actual cryptography that backs cryptocurrency, then you would have a major problem on your hands.” Shadow Over Wallets Securing the Supply Chain Although the vulnerability discovered by Rashid may cause some concern for user’s of Ledger’s hardware wallet, it’s unlikely to create anxiety among cryptocurrency users in general.”Ledger is a single provider of a hardware wallet. The majority of cryptocurrency users don’t use hardware wallets,” said David Johnson, CEO of Latium, an organization that pays people in cryptocurrencies for completing crowdsourced tasks.”I don’t believe this will have massive ramifications to the cryptocurrency community as a whole,” he told TechNewsWorld.While the attack may not affect the wider cryptocurrency community, it could cast doubt on other hardware wallets, suggested William J. Malik, vice president of infrastructure strategies at Trend Micro.”It implies that all cryptocurrency wallets could be suffering similar vulnerabilities,” he told TechNewsWorld. Serious but Not Critical Although Ledger chose to close the vulnerability in its wallet through a firmware update, tightening its supply chain security may be essential.”No matter how good, secure or safe a solution is, there always are — and always will be — weaknesses that can be used to crack it,” observed Kirill Radchenko, CEO of Paygine.”The question is how expensive it is to close those gaps and to prevent bad guys from using them. In this case, using tamper-proof packaging seems to be quite a sufficient measure that can be easily implemented and that does not affect the product price,” he told TechNewsWorld.”So if a weakness can be efficiently addressed and does not cost a fortune,” Radchenko continued, “there will be no need to change the device itself or its architecture to address the problem.” Cryptocurrency Crypto Still Safe For its part, Ledger discounted the severity of Rashid’s findings.”The issues found are serious (that’s why we highly recommend the update), but NOT critical,” Ledger’s Chief Security Officer Charels Guillemet wrote in an online post. “Funds have not been at risk, and there was no demonstration of any real life attack on our devices.”Any backdoors planted on a wallet using Rashid’s methods would be detected when the device connected with Ledger’s servers to download an application or perform a firmware update, Guillemet explained in a separate “deep dive” post about the hack.Rashid had not yet verified if the firmware upgrade fully addressed his hack, he told Ars Technica, but noted that even if it does, the flawed design of the product makes it likely the attack could be modified to work again. John P. Mello Jr. has been an ECT News Network reportersince 2003. His areas of focus include cybersecurity, IT issues, privacy, e-commerce, social media, artificial intelligence, big data and consumer electronics. He has written and edited for numerous publications, including the Boston Business Journal, theBoston Phoenix, Megapixel.Net and GovernmentSecurity News. Email John.