Go back to the enewsletter Starwood Hotels Reso

first_imgGo back to the e-newsletterStarwood Hotels & Resorts Worldwide have announced it will introduce its booming Four Points brand in Ethiopia with a new-build property developed by Alemgenet Trade & Industries PLC, an Ethiopian private liability company. Slated to open at the beginning of 2019, Four Points by Sheraton Addis Ababa, Meskel Square marks Starwood’s first new hotel in Ethiopia since the opening of the renowned Sheraton Addis Ababa, a Luxury Collection Hotel, in 1998. Strategically located on the main arterial avenue leading to Bole International Airport, the hotel is a short walk from popular city landmark, Meskel Square, and a quick drive to the United Nations and African Union Headquarters.“The entry of Four Points to Ethiopia, one of Africa’s fastest growing economies, is a significant addition to our rapidly expanding portfolio in the region,” said Michael Wale, President, Starwood Hotels & Resorts, Europe, Africa and Middle East. “As home to Africa’s largest airline, Addis Ababa is a key hotel market and an ideal city for a brand that serves the modern, everyday traveler.”Mr. Alem Fitsum, Managing Director Alemgenet Trade & Industries PLC said, “We are very pleased to have reached this milestone, and we look forward to working with Starwood to provide our guests the comfort and authentic service they have come to expect from the Four Points brand.”Four Points Addis Ababa, Meskel Square will feature 450 stylish and contemporary guest rooms, including 44 suites and a Presidential Suite equipped with thoughtful touches that contribute to an unencumbered, comfortable stay. The hotel will also offer several food and beverage options including an all-day dining restaurant, a roof top specialty restaurant, a pool bar, and a lobby bar and lounge featuring the brand’s signature Best Brews program. Other hotel facilities will include a fitness centre, an outdoor pool, an extensive Spa facility and over 2000 square metres of meeting and ballroom space. The hotel will feature all of the brand’s defining elements including Four Comfort Bed, free bottled water in all rooms and suites, fast and free Wi-Fi throughout the hotel, and an energizing breakfast with fresh coffee that helps guests start and end the day right.“The Four Points brand has the largest global pipeline in Starwood and accounted for almost 45 per cent of all deals signed in the region last year,” said Neil George, Senior Vice President Acquisitions & Development, Starwood Hotels & Resorts, Africa & Middle East. “With two Four Points Hotels currently operating in Africa and five more in the pipeline, the brand is enjoying great interest and traction with developers across the continent.”Go back to the e-newsletterlast_img read more

Rep Hoitenga endorses needed upgrades to Michigans 911 system

first_img Bill advanced Tuesday through House committee in bipartisan fashionState Rep. Michele Hoitenga, chair of the House Committee on Communications and Technology, today stressed the need for increased emergency phone service capabilities to improve safety – notably a program labeled “Next Generation 9-1-1”.Michigan’s current 9-1-1 system is nearly 40 years old and was not crafted for today’s advancements in technology. Around 70 percent of emergency calls are made from cellphones that cannot accurately be traced with the current system, according to the Federal Communications Commission.“Maintaining public safety is an essential, constitutional duty of government,” Hoitenga said. “Our Constitution gives us the obligation to provide for the common defense and promote general welfare. We are in a technological age where 9-1-1 falls into the category of general welfare responsibility, and our emergency services and first responders need to be hand in hand with advancements so they can do their jobs effectively.”Senate Bill 400, proposed by Sen. Rick Jones of Grand Ledge, will give counties the means to improve their systems and ensure ones that already have “NextGen911” do not lose it when available funding expires.The NextGen911 network accounts for wireless emergency service traffic and allows for accurate GPS coordinates, video, photographs and text to be sent directly to first responders during an emergency, which can significantly benefit response efforts. The ability to engage in text messaging with emergency personnel is advantageous for those with hearing disabilities or in instances where individuals or families have hidden from an intruder and need to contact police.SB 400 moves to the full House for further consideration. Categories: Hoitenga News,News 30Jan Rep. Hoitenga endorses needed upgrades to Michigan’s 9-1-1 systemlast_img read more

Naturalresourcebased industries are very capital

first_imgNatural-resource-based industries are very capital intensive, and hence extremely cyclical. It is not unreasonable to say that as a natural-resource investor, you are either contrarian or you will be a victim. These markets are risky and volatile! Why cyclicality? Let’s talk about cyclicality first. Some of the cyclicality of these industries is a function of their being extraordinarily capital intensive. This lengthens the companies’ response times to market cycles. Strengthening copper prices, for example, do not immediately result in increased copper production in many market cycles, because the production cycle requires new deposits to be discovered, financed, and constructed—a process that can consume a decade. Price declines—even declines below the industry’s total production costs—do not immediately cause massive production cuts. The “sunk capital” involved in discovery and construction of mining projects and attendant infrastructure (such as smelters, railways, and ports) causes the industry to produce down to, and sometimes below, their cash costs of production. Producers often engage in a “last man standing” contest, to drive others to mothball productive assets, citing the high cost of shutdown and restart. They fail to mention their conflicts of interest as managers, whose compensation is linked to running operational mines. Interest-rate cycles can raise or lower the cost and availability of capital, and the accompanying business cycles certainly influence demand. Given the “trapped” nature of the industry’s productive assets, local political and fiscal cycles can also influence outcomes in natural-resource investments. Today, I believe that we are still in a resource “supercycle,” a long-term period of increasing commodity prices in both nominal and real terms. The market conditions of the past two years have made many observers doubt this assertion. But I believe the current cyclical decline is a normal and healthy part of the ongoing secular bull market. Has this happened in the past? The most striking analogy to the current situation occurred in the epic gold bull market in the 1970s. Many of you will recall that in that bull market, gold prices advanced from US$35 per ounce to $850 per ounce over the course of a decade. Fewer of you will recall that in the middle of that bull market, in 1975 and 1976, a cyclical decline saw the price of gold decline by 50%, from about $200 per ounce down to about $100 per ounce. It then rebounded over the next six years to $850 per ounce. Investors who lacked the conviction to maintain their positions missed an 850% move over six short years. The current gold bull market, since its inception in 2000, has experienced eight declines of 10% or greater, and three declines—including the present one—of more than 20%. This volatility need not threaten the investor who has the intellectual and financial resources to exploit it. The natural-resources bull market lives… The supercycle is a direct result of several factors. The most important of these is, ironically, the deep resource bear markets which lasted for almost two decades, commencing in 1982. This period critically constrained investment in a capital-intensive industry where assets are depleted over time. Productive capacity declined in every category; very little exploration took place; few new mines or oilfields replenished reserves; infrastructure and processing assets deteriorated. Critical human-resource capabilities suffered as well; as workers retired or got laid off, replacements were neither trained nor hired. National oil companies (NOCs) exacerbated this decline in many nations by milking their oil and gas industries to subsidize domestic spending programs for political gain. This was done at the expense of sustaining capital investments. The worst examples are Mexico, Venezuela, Ecuador, Peru, Indonesia, and Iran. I believe 25% of world export crude capacity may be at risk from failure of NOCs to maintain and expand their productive assets. Demands for social contributions in the form of taxes, royalties, carried equity interests, social or infrastructure contributions, and the like have increased. Voters are not concerned that producers need real returns to recover from two decades of underinvestment or to fund capital investments to offset depletion. Today this is actively constraining investment, and hence supply. Poor people getting richer… The supercycle is also driven by globalization and the social and political liberalization of emerging and frontier markets. As people become freer, they tend to become richer. As poor countries become less poor, their purchases tend to be very commodity-centric, especially compared to Western consumers. For the 3.5 billion people at the bottom of the economic pyramid, the goods that provide the most utility are material goods and consumables, rather than the information services or “high value-added” goods. A poor or very poor household is likely to increase its aggregate calorie consumption—both by eating more food and more energy-dense food like meat. They will likely consume more electrical power and motor fuel and upgrade their home from adobe or thatch to higher-quality building materials. As people’s incomes increase in developing and frontier markets, the goods they buy are commodity-intensive, which drives up demand per capita. And we are talking billions of “capitas.” Rising incomes and savings among certain cultures in the Middle East, South Asia, and East Asia—places with a strong cultural affinity for bullion—have increased the demand for gold, silver, platinum, and palladium bullion. Bullion has been a store of value in these regions for generations, and rising incomes have generated physical bullion demand that has surprised many Western-centric analysts. Competitive devaluation The third important driver in this cycle has been the depreciation of currencies and the impact that has had on nominal pricing for resources and precious metals. Most developed economies have consumed and borrowed at worrying levels. The United States federal government has on-balance-sheet liabilities of over $16 trillion, and off-balance-sheet liabilities estimated at around $70 trillion. These numbers do not include state and local government liabilities, nor the likely liabilities from underfunded private pensions. Not to mention increased costs associated with more comprehensive health care and an aging population! Many analysts are even more concerned about the debts and liabilities of other developed economies—Europe and Japan. In both places, debt-to-GDP ratios are greater than in the US. Europe and Japan are financing themselves through a combination of artificially low interest rates and more borrowing and money printing. This drives down the value of their currencies, helping their exports. But which nations’ leaders will stand firm and allow their export industries to wither as their domestic producers suffer from cheap competing foreign goods? If Japan’s Abe is successful at increasing his country’s exports at the expense of its competitors like Taiwan, Korea, or China, then his policies could lead to competitive devaluation. And how will the European community react, for that matter? Loss of purchasing power in fiat currencies increases the nominal pricing of commodities and drives demand for bullion as a preferred savings vehicle. The factors that have driven this resource supercycle have not changed. Demand is increasing. Supplies are constrained. Currencies are weakening. Thus I believe we remain in a secular bull market for natural resources and precious metals. With that in mind, I would call the current market for bullion and resource equities a sale. Where to invest? Let’s talk about a type of company most of us follow: mineral exploration companies, or “juniors.” We often confuse the minerals exploration business with an asset-based business. I would argue that is a mistake. Entities that explore for minerals are actually more similar to “the research and development” space of the mining industry. They are knowledge-based businesses. When I was in university, I learned that one in 3,000 “mineralized anomalies” (exploration targets) ended up becoming a mine. I doubt those odds have improved much in 40 years. So investors take a 1-in-3,000 chance in order to receive a 10-to-1 return. These are not good odds. But understanding the industry improves them substantially. Exploration companies are similar to outsourcing companies. Major mining companies today conduct relatively little exploration. Their competitive advantage lies in scale, financial stability, and engineering and construction expertise. Similar to how big companies in other sectors outsource certain tasks to smaller, more specialized shops, the big miners let the juniors take on exploration risk and reward the successful ones via acquisitions. Major companies are punished rather than rewarded for exploration activities in the short term. Majors therefore tend to focus on the acquisition of successful juniors as a growth strategy. Today, the junior model is broken. Many public exploration companies spend a majority of their capital on general and administrative expenses, including fundraising. Overlay a hefty administrative load on an activity with a slim probability of success, and these challenges become even more severe. One response from the exploration and financial community has been to put less emphasis on exploration success and focus instead on “market success.” In this model, rather than “turning rocks into money,” the process becomes “turning rocks into paper, and paper into money.” One manifestation of that is the juniors’ habit of recycling exploration targets that have failed repeatedly in the past but can be counted on to yield decent confirmation holes, and the tendency to acquire hyper-marginal deposits and promote the value of resources underground without mentioning the cost of actually extracting them. The industry has been quite successful, during bull markets, at causing “sophisticated” investors to focus on exciting but meaningless criteria. Being successful in natural-resource investing requires you to make choices. If your broker convinces you to buy the sector as a whole, they will have lived up to their moniker—you will become “broker” and “broker.” We have already said that exploration is a knowledge-based business. The truth is that a small number of people involved in the sector generate the overwhelming majority of the successes. This realization is key to improving our odds of success. “Pareto’s law” is the social scientists’ term for the so-called “80-20 rule,” which holds that 80% of the work is accomplished by 20% of the participants. A substantial body of evidence exists that it is roughly true across a variety of disciplines. In a large enough sample, this remains true within that top 20%—meaning 20% of the top 20%, or 4% of the population, contributes in excess of 60% of the utility. The key as investors is to judge management teams by their past success. I believe this is usually much more relevant than their current exploration project. It is important as well that their past successes are directly relevant to the task at hand. A mining entrepreneur might have past success operating a gold mine in French-speaking Quebec. Very impressive, except that this same promoter now proposes to explore for copper, in young volcanic rocks, in Peru! In my experience, more than half of the management teams you interview will have no history of success that shows that they are apt at executing their current project. Management must be able to identify the most important unanswered question that can make or break the project. They must be able to say how that question or thesis was identified, explain the process by which the question will be answered, the time required to answer the question, how much money it will take. They also need to know how to recognize when they have answered the question. Many of the management teams you interview will be unable to address this sequence of questions, and therefore will have a very difficult time adding value. The resource sector is capital intensive and highly cyclical, and we expect that the current pullback is a cyclical decline from an overheated bull market. The fundamental reasons to own natural resource and precious metals have not changed. Warren Buffett says, “Be brave when others are afraid, be afraid when others are brave.” We are still “gold bugs.” And even “gold bulls.” Subscribe to Sprott’s Thoughts for free insights and opinion from Rick Rule, Eric Sprott, John Embry, and others from across the Sprott organization. Click here to subscribe. Rick Rule is the chairman and founder of Sprott Global Resource Investments Ltd., a full-service brokerage firm located in Carlsbad, CA. He has dedicated his entire adult life to different aspects of natural-resource investing and has a worldwide network of contacts in the natural-resource and finance worlds. As chairman of Sprott US Holdings Inc., the parent company of Sprott Global, he leads a team of earth science and finance professionals who are experienced with resource investment management. He is a frequent speaker at industry conferences and is interviewed for numerous radio, television, print, and online media outlets concerning natural-resource investment and industry topics. He and his team have long experience in many resource sectors including agriculture, alternative energy, forestry, oil and gas, mining, and water. Sprott US Holdings is active in securities brokerage, segregated account money management, and investment partnership management involving both equity and debt instruments across the entire spectrum of the natural-resource industry.last_img read more

Recommended Links

first_img Recommended Links He lauds so-called internationalists (i.e., globalists) as “those who want the U.S. to retain the leading international role it’s held since WW2.” By that he means minions of the U.S. government should roam the world to “spread democracy.” He assumes that democracy—which is actually just a more polite form of mob rule—is always a good thing. Apart from the fact that democracy is only rarely the result of U.S. intervention. Another division he makes (and here I admire his candor) is between the “elites”—like high government officials and people like those in the CFR—and the “non-elites.” He actually uses these words. He terms U.S. invasions and regime change efforts as “an ambitious foreign policy.” He says, even after referencing disastrous U.S. failures like the Korean, Vietnamese, Afghan, and Iraq wars, and ongoing catastrophes in Libya and Syria, that we should continue on the same course. He loves the idea of alliances, of course. Despite the fact that alliances only serve to draw one country into another one’s war. Alliances just take relatively small local disputes, and move them up to catastrophic levels. This has always been the case. But the classic example is World War 1, which signaled the start of the long collapse of Western Civilization. Alliances can only serve to draw the U.S. into wars between nothing/nowhere countries that few Americans can find on a map. Then he goes on to discuss what he calls “free trade,” another dishonest misuse of the term. Free trade exists when there are no duties or quotas, when any business can buy and sell what it wants when and where it wants. What these people actually want is government-managed trade, which they prefer to call “fair trade.” He implies that wise and incorruptible government officials are necessary to ensure that foolish and dishonest buyers and sellers don’t hurt themselves. But shouldn’t we worry if foreigners subsidize their manufacturers, and disregard U.S. environmental and labor regulations? My answer is: No. It’s wonderful if a foolish, mercantilist government subsidizes U.S. consumers; we’re enriched while they’re impoverished by selling dollar bills for 50 cents. And if the Chinese can make something cheaper than Americans, that’s wonderful. The Americans—who still have the world’s largest pool of capital, technology, and educated labor—are freed to do something more productive. Anyway, the Haass article is horrible on every level. I’d reprint it here, but it’s too long and too boring. And it would violate the Journal’s reprint policy. But there’s another article, even more egregious, more stupid, and more destructive, that the Journal recently ran, by Kenneth Rogoff. He is, of course, a Harvard “economist.” You’ll have to get hold of it yourself, because of the newspaper’s reprint policy. But I urge you do so. It lays out—in clear and well-written English—the “elite” rationale for negative interest rates, and the abolition of cash. It literally beggars belief, and makes me think the author is criminally insane. I mean that literally, in the clinical sense. Criminal because he actively advocates aggression against other’s property, and in effect, their lives. And insane because his thoughts and beliefs are completely delusional and divorced from reality. All in all, every day there are more indications on every front that the trailing edge of the gigantic financial hurricane we entered in 2007 is going to be very, very ugly. The Greater Depression is going to be worse than even I thought it would be. Editor’s note: Doug says we’re on the edge of a genuine precipice. The economy is crumbling…and there’s a good chance things will only get worse. But nothing will be as destructive as what’s coming…something Doug says “could trigger the worst Depression in the history of America.” And there’s nothing the government and Feds can do to stop it… Fortunately, there’s a way to protect yourself and your family—and even make money—during this major economic crisis. You can learn more about this collapse—and the steps you should start taking immediately—right here. — – “I make $80,000/month with ONE asset” It’s not gold, silver, or any other precious metal. But it could make you six times your money. Get the full details here. Editor’s note: Today, we’re sharing an eye-opening essay from Casey Research founder Doug Casey that sheds light on what the disillusioned “elite” are thinking right now…and what it means for the future of America. As Doug explains, it’s more proof that we’re near “the trailing edge of the gigantic financial hurricane we entered in 2007.” [This piece was originally published in last month’s issue of The Casey Report.] By Doug Casey, founder, Casey Research Mark Twain said, “If you don’t read the papers you’re uninformed. If you do read them, you’re misinformed.” That’s why I want to draw your attention to an article called “The Isolationist Temptation,” in The Wall Street Journal on August 7, written by Richard Haass, the president of the Council on Foreign Relations. The piece wasn’t worth reading—except that it offers some real insight into what the “elite” are thinking. The CFR is one of about a dozen groups, like Bilderberg, Bohemian Grove, and Davos, where the self-identified elite gather. These groups don’t have political power, per se. But their members are members of governments, large corporations, universities, the military, and the media. They all went to the same schools, belong to the same clubs, socialize together and, most important, share the same worldview. What might that be? They believe in the State—not the market—as the best way to organize the world. Believe it or not (I still don’t…) I’ve been invited to one of these conclaves later this month. Probably by mistake. I don’t expect to be a fox in the henhouse, but more like a skeleton at a feast. I’ll tell you all about it next month… But back to the current topic. Like me, you’ve probably asked yourself, “Who are these people? Are they knaves, or fools, or both? What are they smoking? Are they actually crazy?” Haass starts out by dividing the world of foreign policy observers into the “internationalists” and the “isolationists”—a false, misleading, and stupid distinction. They’re not “internationalists” (which are people who move between countries); they’re “globalists” (people who want to work for one world government, that they control). He uses the term “isolationists” as a pejorative term for the enemy camp, conflating them with non-interventionists—who are a totally different group. Isolationists bring to mind a backward cult, hiding from the rest of the world. Non-interventionists simply don’t want to stick their noses in other people’s business. 2017: “Recall” Election Already Planned? Will American voters demand a “rewind” on this November’s election outcome? They might, after this new reality sets in…last_img read more

The Food and Drug Administration is holding its fi

first_imgThe Food and Drug Administration is holding its first public hearing on CBD, the cannabis extract that has quickly grown into a billion-dollar industry. Today’s hearing will help officials determine how to regulate CBD products.The compound can be extracted from marijuana or from hemp. It’s promoted as a way to ease anxiety and inflammation – and it doesn’t get people high because it doesn’t contain THC, the psychoactive component of the cannabis plant.People are using oils with cannabidiol, or CBD, to help with everything from menstrual cramps to insomnia. While the hype around CBD has gotten ahead of the science, there are a growing number of small studies that do point to some health benefits. But the FDA has concerns over how these products are marketed, and is seeking more data about their safety.”Questions remain regarding the safety considerations raised by the widespread use of these products,” FDA officials wrote in a Federal Register notice about today’s hearing. “These questions could impact the approaches we consider taking in regulating the development and marketing of products.”Regulators are expected to hear from many players in the CBD industry eager for the agency to step in and set some clear rules, because there’s been a cloud of uncertainty over the legality of marketing and selling CBD products.The 2018 farm bill lifted longtime restrictions on hemp, meaning that hemp would no longer be regulated as a controlled substance. The hemp industry saw this as a green-light to move ahead in promoting CBD products.”When the farm bill passed last year, we were beyond thrilled. This ended a multi-decade prohibition on hemp,” says Jonathan Miller who serves as general counsel to the U.S. Hemp Roundtable, a coalition of dozens of hemp companies. “It was a historic moment.”But the FDA quickly stepped in to make it clear that it has regulatory authority over CBD. The agency has said, for example, that cannabidiol products cannot be sold as dietary supplements.So the industry is asking for a more definitive set of rules, and the FDA hearing is a first step.”We really need the FDA to join in and help us lay a path toward a regulated legal product,” Miller says. This is the main message he says he’ll deliver during today’s hearing.But the FDA has a lot of questions for his industry, and researchers who study cannabis say there’s still a lot to learn about cannabidiol.”We’re really in the infancy of understanding the physiological effects of cannabadiol right now,” says Ziva Cooper, research director for the UCLA Cannabis Research Initiative.Cooper says there are important questions to answer, such as: What doses are safe? And what happens when people use it for long periods of time?The FDA has already approved one drug made of purified CBD, called Epidiolex, which is used to treat two rare and serious forms of epilepsy.You need a doctor’s prescription to get this medication, and it contains a much higher dose of CBD than what people typically get from the oils sold online or in dispensaries or markets.Clinical trials of Epidiolex found that the high dose of CBD was generally safe but that it did cause side effects in some people, including lethargy and gastrointestinal distress. The FDA also pointed to concerns about possible liver injury.”This is a potentially serious risk that can be managed when the product is taken under medical supervision in accordance with the FDA approved labeling for the product,” agency regulators wrote in the Federal Register notice. “But it is less clear how this risk might be managed if this substance is used far more widely, without medical supervision.”One potential strategy to regulate CBD may be to set a threshold. High-dose products could be restricted and require a prescription, while low-dose products similar to many of the CBD oils currently on the market would be widely available.The hemp industry has signaled its support for this approach. The lower dose products could be sold “over-the-counter in natural food stores, drug stores and grocery stores,” says Miller of the U.S. Hemp Roundtable.The FDA has set no timeline to regulate CBD products, and its evaluation is likely to continue over the coming months. Copyright 2019 NPR. To see more, visit https://www.npr.org.last_img read more

AFTER ten years of loyal sponsorship and support f

first_imgAFTER ten years of loyal sponsorship and support for the Saints, Hattons Solicitors are pleased to announce a new five-year deal with the club.Hattons have renewed their rear shirt sponsorship as well as the naming of the home supporters terrace stand to the West of the new Saints ground and the adjacent seated family stand.Previously, the Hattons Solicitors stand at Knowsley Road worked to create a positive awareness for the solicitors in the St Helens community and Hattons hope to build upon this.Bruce Hatton, Senior Partner at Hattons Solicitors said: “The 2012 rugby season is an exciting time to be in partnership with the mighty Saints.“We’ve sponsored Saints since we opened in 2001, this year celebrating our tenth anniversary, and we wanted to make sure we supported the club through the transition to its new home and stadium. I understand the massive passion of the fans, and to be honest it’s great personally as a fan to sponsor the club through such a momentous time.“The longevity of our Saints sponsorship has greatly contributed to Hattons general awareness in St Helens and the North West, leading thousands of people to contact us with a vast array of legal issues. We’ve worked hard to develop the business and stay ahead of the competition, whilst building a strong reputation. In fact a huge amount of our business comes through recommendations from previous clients, showing the high level of service our team offers.”Hattons Solicitors are real favourites in the Rugby League community offering support and sponsorship from children’s rugby and kid’s health initiatives to international partnerships with Ireland in the last World Cup and at all levels of the adult game. Their association with Saints is however the link with the sport they are perhaps best known for.Tony Colquitt, CEO of Saints said: “We are delighted to continue our partnership with Hattons Solicitors. The relationship between both parties has been long established and as we enter a new era we are pleased they are on board.“We look forward to enhancing the relationship in the future and pursuing other avenues that will be mutually beneficial.”Hattons Solicitors innovative approach to legal services can be seen not only through their rugby league sponsorship, but also by how they were the first solicitors firm in St Helens to get the Law Society Lexcel Accreditation. Hattons were also one of the first firms to invest in an online file management system, which also allows clients to view their cases online at www.hattonslaw.com If you have a legal issue that you need advice with from compensation claims to business legal advice call their friendly team on 08000 111 560.last_img read more

LG launches curved OLED TV in Kenya priced at 14k

first_imgAdvertisement LG East Africa has launched its curved OLED television in the Kenyan market, in a move to grow its premium market share.Joseph Kim, LG East Africa managing director (MD), said though changes in consumer trends and the market landscape are extremely difficult to predict and can have major consequences on the electronics business, the company would attempt to stay ahead of the game by introducing the range of premium products and by expanding the overall diversity of its television line-up. – Advertisement – The 55-inch OLED TV, which is retailing at about KSh1.2 million (US$14,000), is presently only available at Hotpoint Appliances and Sarit Centre in Nairobi.“It’s possible to make OLED TVs considerably thinner and lighter than LCD TVs because OLED has a simple structure and requires no additional illuminant,” said Kim.Kim said if yield rates continue to rise, OLED TVs will quickly replace LCD TVs in living rooms around the world.A curved screen allows viewers to enjoy the same quality of excellent picture quality in both 2D and 3D images in any angle.“The success of our TV business is largely dependent on the following key factors: the global economy, competition between manufacturers and panel supply,” Kim said.“LG will also boost its share in the mid- to-lower end of the global market via improved production efficiency, cost competitiveness and well designed, user-friendly TV models.”First showcased at the International Consumer Electronics Show (CES) 2013, the TV is 4.3mm (0.17 inches) thin, weighing 17 kgs, featuring a crystal stand, which is incorporated in the forward-facing speakers.last_img read more

Just type Find my Phone in Google to locate your lost Android

first_imgAdvertisement You can now Google search engine on your desktop computer to find your lost phone.In case you’ve lost your Android phone, all you need to know where your computer is.However, you need the latest version of its main Android app for this to work. Once you’ve updated, just type in “find my phone” and let Google do what Google does best. – Advertisement – You also have to be signed in to Google for this feature to work.If your phone is nearby, Google can ring it for you and if it’s further away, Google will show you its location on a map.This is similar to the Android Device Manager which can find lost phones and tablets (running Android 2.2 Froyo and above) by ringing them or showing them on a map.If, for whatever reason, your device cannot be found or retrieved, Android Device Manager also lets you securely erase all of the data on your device. This ensures your data doesn’t end up in the wrong hands.Via VBlast_img read more

Got Your PostDeath Checklist Grace Can Help

first_img Register Now » 5 min read Learn how to successfully navigate family business dynamics and build businesses that excel. Free Webinar | July 31: Secrets to Running a Successful Family Business Sophia Stuart Startups Got Your Post-Death Checklist? Grace Can Help. Next Article February 17, 2017center_img Grace connects people to end-of-life information and services online. Until fairly recently, death and dying were subjects usually hidden from view. But the digital age has opened up new possibilities for end-of-life organization, from figuring out advance directives, hospice decisions and funeral arrangements to contacting financial institutions and gathering documentation.One such possibility is a tech startup called Grace, which connects people to end-of-life information and services online. It’s the brainchild of Alex Kruger and Annie Luchsinger, and is currently in testing mode at Cedars Sinai in Los Angeles.The business model now requires providers to pay to be listed after a screening process conducted by the Grace team. Kruger and Luchsinger want to keep Grace free to families and build on their directory of providers with a suite of online tools to help patients and families navigate what needs to be done, from one central resource.”The more we talk to families, the better our product can become,” said Kruger. “Grace is the intersection of solutions, a triage system if you like, from connecting with quality hospice or senior care providers, to an after-death checklist. Our goal is to be the catalyst for solutions no matter what point you are at when making difficult life-stage decisions.”Right now, the majority of traffic comes from desktops, as families gather around to use Grace as a starting point for tough conversations. The future might get more mobile as individuals take control of their own plans ahead of time.Grace got its start on the East Coast under a different name, Attendant.”Two things happened around the same time: I was working in another business and a friend mentioned the problems inherent in the end-of-life space. Then my great-uncle died,” Kruger told PCMag. “I didn’t have a good understanding of what it takes to sort out everything from closing out accounts, talking to providers, getting affidavits of domicile, and so on. I asked my family how I could help, and the idea for a digital solution began to emerge.”Kruger had been looking for a new business idea. After stints at a Shanghai biopharma company and IBM, he moved to the startup world and worked for Belly, Fooda and SpotHero. But he wanted to branch out and started Attendant to explore the end-of-life space.Not long after, Luchsinger joined him as Attendant’s first hire from HitchSwitch, a newlywed name-changing company; she’d also previously worked as a buyer for Rue La La.The duo decided to reolocate from the East Coast to Los Angeles. “We wanted to be somewhere that has a digitally forward population, where people are open to using a service like Grace, that’s online. California made the most sense to us,” Kruger said.They applied to the Techstars program, which mentors promising startups, and were accepted into the Boulder, Colorado, program. There, they rebuilt the idea as Grace in partnership with Cedars Sinai.”It was through [Techstars] that Cedars Sinai found out about us,” Luchsinger told PCMag. “They were looking for a digital-first company, with a new mindset and method, to help their patients and their families navigate end-of-life tasks.”They thought Grace might be a really interesting fit; we applied and got in, joining the Techstars Healthcare Accelerator 2016. We emerged with an innovative pilot that allows any patient or family member experiencing an end-of-life event at Cedars-Sinai to call us for guidance and assistance.””The pilot has been live since July 2016,” added Kruger. “Available initially as a resource through their Inpatient Specialty Program, but it expanded rapidly. Grace made awesome waves throughout the hospital and we now get referred by staff in the Emergency Department, ICU and beyond. The goal is to jump in, to have those tough conversations and provide clarity about who to trust in the end-of-life space.”What’s next for Grace? Luchsinger said they hope to be in four additional geographic areas by July 2017 with new content above and beyond the directory. “We’re also starting to aggregate and acquire reviews of providers, and will be building that in next year,” she confirmed.Having been through several surgeries myself, including one life-threatening one, I could not have been admitted to a hospital without providing an Advance Directive, my end-of-life instructions. It was a deeply odd situation sitting in my attorney’s office, setting out under what circumstances I’d let doctors unplug me from life support, and it got me thinking about how you sort out all the administration required post-death. Using a service like Grace from the comfort of my own home would have given me peace of mind. It’s a welcome solution to wrapping everything up neatly before one does have to depart. Add to Queue Image credit: Grace via PC Mag This story originally appeared on PCMag –shares Digital Strategist and Technology Columnistlast_img read more

Should Uber and Lyft Get in the Carpool Lane Together Start Up

first_img Opinions expressed by Entrepreneur contributors are their own. Should Uber and Lyft Get in the Carpool Lane Together? — Start Up Your Day Roundup March 16, 2016 –shares Start Up Your Day Looking for the latest headlines in small business, innovation and tech? Our Start Up Your Day recaps are posted every morning to keep you current.A change of heart. Less than 24 hours after Microsoft booted a cloud sharing company as a sponsor from its upcoming tech conference, the company changed its mind and reinvited the startup. Business Insider has more.What would you do with $2 billion? If your startup needs a few ideas, Accel’s got a couple suggestions.Friends, not rivals? Lyft and Uber have been long been fierce competitors but a new study suggests business would be better if the two ride sharing companies became allies.If you see something, say something. In Japan, Airbnb has unveiled a way for neighbors to complain to the service if hosts’ guests get too rowdy, reports The Verge. The feature should launch in the U.S. next month.Switching things up. The average Instagram user misses out on about 70 percent of the content in their news feed. To remedy the problem, the photo-sharing application announced plans to change the order of posts in the feed based on your level of interest, according to TechCrunch.The last word (for now). Apple filed its final response before it faces off against the FBI in federal court over issues of privacy and encryption. Business Insider has the entire brief.Do as I say. Looking for a good read? Warren Buffett made a list of 18 books he thinks everyone should check out. Register Now » Staff writer. Frequently covers franchise news and food trends. Free Webinar | July 31: Secrets to Running a Successful Family Business Add to Queue Lindsay Friedman Image credit: Uber | Lyft Next Article Learn how to successfully navigate family business dynamics and build businesses that excel. 2 min readlast_img read more

Facebook Hit With Lawsuit Over Plan to Issue New Stock

first_img May 2, 2016 –shares This story originally appeared on Reuters Image credit: endermasali | Shutterstock.com | Enhanced by Entrepreneur Add to Queue Facebook Facebook Hit With Lawsuit Over Plan to Issue New Stock Reuters center_img Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. 2 min read A Facebook Inc. shareholder filed a proposed class action lawsuit on Friday in a bid to stop the company’s plan to issue new Class C stock, calling the move an unfair deal to entrench Chief Executive Mark Zuckerberg as controlling shareholder.The lawsuit, filed in the Delaware Court of Chancery, followed the social networking company’s announcement on Wednesday of its plan to issue the shares.The rejiggering of Facebook’s share structure is effectively a three-for-one stock split. Zuckerberg’s said in December that he intends to put 99 percent of his Facebook shares into a new philanthropy project focusing on human potential and equality.The lawsuit contends that a Facebook board committee which approved the share deal “did not bargain hard” with Zuckerberg “to obtain anything of meaningful value” in exchange for granting Zuckerberg added control.In a statement, Facebook said the plan “is in the best interests of the company and all stockholders.” The company has said keeping Zuckerberg at the helm is key to its future success.Facebook plans to create a new class of shares that are publicly listed but do not have voting rights. Facebook will issue two of the so-called “Class C” shares for each outstanding Class A and Class B share held by shareholders. Those new Class C shares will be publicly traded under a new symbol.Zuckerberg “wishes to retain this power, while selling off large amounts of his stockholdings, and reaping billions of dollars in proceeds,” the lawsuit said.”The issuance of the Class C stock will, in effect, have the same effect as a grant to Zuckerberg of billions of dollars in equity, for which he will pay nothing,” it said.Google settled a lawsuit in 2013 shortly before trial which cleared the way for that company to execute a similar plan.(Reporting by Dan Levine; Editing by Bernard Orr and Tom Brown) Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Next Article Register Now »last_img read more

Queens Award in International Trade for Rapidly Growing Semantic Analytics Technology Company

first_imgQueen’s Award in International Trade for Rapidly Growing Semantic Analytics Technology Company SciBite PRNewswireApril 23, 2019, 4:20 pmApril 23, 2019 SciBite announced being named as a winner of the Queen’s Award for Enterprise in International Trade – the highest official UK awards for businesses. SciBite receives recognition for outstanding short-term growth in overseas sales over the last three years.The international growth of SciBite has been led through global adoption of its disruptive semantic software across the top 20 largest pharmaceutical companies in the world. Overseas sales have grown substantially year on year rising from £316k to £2.3 million, a rise in total of 645%.Established in 2013 and head quartered in the UK at the Genome Campus in Hinxton, Cambridgeshire, the company operates globally with offices in the USA and Japan. SciBite continues its rapid growth and plans to increase its employees by another 30% throughout the rest of 2019.Marketing Technology News: Outreach Recognized as an April 2019 Gartner Peer Insights Customers’ Choice for Sales Force Automation“Our technology enables clients to turn previously unusable but scientifically relevant text into high-quality, machine-readable data. We have established strong business relationships with the world’s leading life sciences businesses, and our approach provides significant additive value to many divisions in these businesses from discovery through to development,” said Rob Greenwood, CEO & President at SciBite.With the rapid growth and understanding of the value of artificial intelligence and machine learning solutions, the critical first stage in any successful digital strategy is providing clean, well described data that a machine will understand.Marketing Technology News: 3CLogic Announces Microsoft AppSource Certification for Microsoft Dynamics CRM“We couldn’t have won this award without all of SciBite’s dedicated employees and our fantastic customer base. Winning the Queen’s Award is one of SciBite’s proudest moments that we will never forget,” said Lee Harland, Founder & CSO at SciBite.Marketing Technology News: CoreMedia Partners with Zilker Technology to Provide Roadmap to Help IBM Customers Optimize eCommerce Investments Artificial IntelligenceMarketing TechnologyNewsQueen’s AwardRob GreenwoodSciBite Previous ArticleGlocally and Storied Partner to Develop Digital Ad Units Distributing Local Social ContentNext ArticleNew Research from Fresh Relevance Highlights Impact and Adoption of Influencer Marketing Is Overestimatedlast_img read more

PMG Launches Marketing Intelligence Platform — Meet Alli

first_imgAlli, PMG’s Marketing Intelligence Platform, Combines the Power of Humans and Technology to Give Marketers a Single View of Their Data in Order to Provide More Personalized Experiences to Their CustomersPMG, a global, independent digital company introduced Alli, the company’s proprietary marketing intelligence platform that unifies advertisers’ data from disparate systems, providing immediate business insights and actions at scale.PMG introduces Alli, the company’s proprietary marketing intelligence platform that unifies advertisers’ data from disparate systems, providing immediate business insights and actions at scale.As the digital industry becomes increasingly complex, and data ownership and privacy practices face more regulatory scrutiny, consumers’ demand for better, more relevant advertising and content experiences has only grown stronger. Today’s marketers are now tasked with externally delivering personalized messaging while improving performance and upholding privacy compliance. With advertisers also facing walled gardens and losing access to third-party data, technology that drives enhanced performance and a level of human connection has not been possible until Alli.Marketing Technology News: Facebook Shoots Down ‘Innovation’ Chaos with a New CryptoCurrency Platform ‘Calibra’“Alli helps brands reimagine their marketing investments, enabling marketers to easily create more effective campaigns and truly improve overall customer lifetime value,” said George Popstefanov, CEO, PMG. “Brand marketers are increasingly expected to deliver in the face of changing data practices and an abundance of data points. With Alli, we’re giving brands a single view of their data so together, we can consistently build campaigns on a very personalized, human level.”PMG’s Alli was built with consideration for the fact that to understand customer behavior, marketers must connect the millions of untethered data points across different platforms, and connect publisher data to internal CRM and business performance data in order to gain better insights and provide a clear path to action.Marketing Technology News: Profisee Adds Market Analyst Bill O’Kane to Leadership TeamAlli enables brands to granularly segment key data sets to answer and provide actionable recommendations to business-critical questions across specific audience cohorts, demographics and characteristics. This capability ensures they can create insights-driven, personalized and effective campaigns that better engage customers on an individual level. By identifying their customers’ tendencies and measuring behavior in real-time, brands can take swift action to optimize entire campaigns – answering questions such as “which advertising channels are performing better than others?” and “what is my best-performing creative content?”With Alli, brands gain a competitive advantage through the following key data activities: data aggregation, cleansing and normalization, automation, and activation. No matter how many internal and external data sources a brand has, Alli consolidates data to help better inform decision-making. And in doing so, Alli gives brands full ownership of their data, eliminates data silos and allows marketers to evaluate campaigns on a more granular level so they can increase audience reach, engagement and conversion. On average, PMG customers have connected over 30 different sources of data, including internal business data and external publishers’ performance information.The main components and integrated services as part of Alli include:Data Management — creates a common language for all of the brand’s data, with consistency, accuracy and security.Insights and Visualization — allows the brand to distill the right information and answer the hardest questions, providing new levels of understanding, quality and trust in decision-making.Actions and Automation — gives brands the power to unlock new ways of connecting with audiences at scale through speed to market, efficiency and peace of mind.In addition to these core services, Alli was built to also tackle unique, complex business challenges through custom-built solutions. By utilizing the underlying components of the platform, PMG’s Alli can be tailored to meet any brands’ needs with flexibility and scale.Alli has been several years in the making by combining PMG’s four core technology products into one integrated and cohesive platform. Alli unlocks access and visibility into brands’ own data, allowing PMG services to activate marketing campaigns at scale globally. Alli is already in action across 100% of PMG’s clients. When it comes to creating digital marketing campaigns with publishers like Google, over 50% of PMG’s media investment is being driven by first- and third-party audience data which has consistently driven better performance.Marketing Technology News: PX Launches Private Marketplaces to Support Direct Advertiser to Publisher Engagement“The consumer journey is more complex than ever before, and people expect more from your ads as a result,” said Vicky Homan, Global Product Lead, Google. “Tools that can combine your data across disparate sources hold the key to making ads relevant, immediate and useful for your customers in light of these heightened expectations.” PMG Launches Marketing Intelligence Platform — Meet Alli Business WireJune 21, 2019, 11:04 pmJune 21, 2019 crmData ManagementMarketing TechnologyNewspersonalizationPMG’s Alli Previous ArticleHaoqipei Secures US $60 Million in Series D Funding to Further Accelerate Growth of its Online B2B Auto Parts MarketplaceNext ArticleYext Study: 58% Of Healthcare and Pharmaceutical Marketers Say Their Marketing Management Strategy Needs Major Improvementslast_img read more

NIH starts clinical trial of drug to treat cravings associated with opioid

first_img Source:https://www.niaid.nih.gov/news-events/nih-test-experimental-drug-curb-opioid-cravings Reviewed by James Ives, M.Psych. (Editor)Mar 22 2019A clinical trial of an experimental drug designed to treat cravings associated with opioid use disorder (OUD) has begun in the National Institutes of Health Clinical Center. The Phase I trial in healthy adults will assess the safety of the experimental compound, ANS-6637, and how it is processed in the body when given with another drug that is processed by the same liver enzyme pathway. The NIH’s National Institute of Allergy and Infectious Diseases (NIAID) is helping to conduct the trial, which is funded through NIH’s Helping to End Addiction Long-Term (HEAL) Initiative, a comprehensive program to accelerate research efforts to stem the public health crisis of OUD.”Opioid drugs play an important role in controlling pain, but have strong potential for misuse, as evidenced by the opioid epidemic gripping every region of the United States. Opioid misuse and addiction are associated with high-risk behaviors that may lead directly or indirectly to infections with HIV or hepatitis C virus, to other illnesses, and to premature death,” said NIAID Director Anthony S. Fauci, M.D. “Because substance use disorders and certain infectious diseases are often intertwined, infectious disease physicians must understand and be prepared to address both issues in order to provide optimal care for their patients.”Opioid use causes a surge of the neurotransmitter dopamine in the brain, and habitual use ‘rewires’ the brain’s reward system, possibly generating irresistible cravings to both opioids and associated cues, like injecting equipment or drug use partners.”At this time, there are few pharmacological interventions that specifically target the cravings felt by some patients who have physical dependence or opioid use disorder,” noted Henry Masur, M.D., chief of the Clinical Center’s Critical Care Medicine Department, and a principal investigator in the new trial. “This trial will lay the groundwork for future studies; together these may lead to effective treatments for the drug cravings that impede the pursuit of sobriety.”Related StoriesResearch team to create new technology for tackling concussionHIV DNA persists in spinal fluid despite treatment, linked to cognitive impairmentNovel vaccine against bee sting allergy successfully testedANS-6637 is being developed by Amygdala Neurosciences, Inc. Pre-clinical studies in animals suggest that the compound inhibits the dopamine surge that accompanies opioid use in persons with OUD, without impacting the background levels of dopamine required for normal brain functions.The trial will enroll up to 50 healthy adults aged 18 through 65 years. Participants will stay in the Clinical Center in Bethesda, Maryland, for 10 days and return for a final outpatient visit after one week. On the first day, volunteers will receive a single dose of the licensed drug midazolam. Midazolam was chosen because its processing by the body is well understood, acting as a template for liver metabolism. They will receive no drug on day two. On study days three through seven, volunteers will receive 600 milligrams of ANS-6637 each day. On day eight, participants will receive midazolam and ANS-6637 together to see how the investigational agent affects midazolam levels. This in turn will help researchers understand how ANS-6637 is processed by the body, setting up the next phase of scientific investigation in patients with OUD.”Opioid use disorder is a treatable medical illness that, much like in the early days of HIV, has been held back from scientific advancement by stigma and misconception,” said Sarah Kattakuzhy, M.D., associate investigator and assistant professor at the Institute of Human Virology at the University of Maryland School of Medicine in Baltimore. “With the support of the HEAL Initiative and NIAID, we can now assess a novel potential therapeutic in the treatment of OUD. If proven effective, ANS-6637 could be part of a comprehensive package of services, including harm reduction, opioid agonist therapy and behavioral interventions, enabling us to offer our patients the highest level of evidence-based therapy.” Dr. Kattakuzhy and colleagues are planning further study of ANS-6637 as a treatment for OUD in clinical trials at the University of Maryland School of Medicine.last_img read more

The Most Interesting Science News Articles of the Week

first_img The U.S. Air Force’s X-37B robotic space plane in orbit, as photographed by satellite tracker Ralf Vandebergh. Credit: © Ralf Vandebergh Teeth and scales didn’t stop an Australian olive python from getting a meal. [Read more about the snack.]Headbutting Tiny Worms Are Really, Really LoudThis rapid strike produces a loud ‘pop’ comparable to those made by snapping shrimps, one of the most intense biological sounds measured at sea.Your Recommended PlaylistVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9接下来播放Why Is It ‘Snowing’ Salt in the Dead Sea?01:53 facebook twitter 发邮件 reddit 链接https://www.livescience.com/50718-weekend-reading.html?jwsource=cl已复制直播00:0000:3500:35  No Secrets Revealed A portrait of Charles Etienne Gudin, who fought in Napoleon’s Grande Armée. Credit: Photo12/UIG/Getty Images Each week we uncover the most interesting and informative articles from around the world, here are some of the coolest stories in science this week. Big Turnout An onlooker views newly ruptured ground after a 7.1-magnitude earthquake struck on July 6, 2019, near Ridgecrest, California. Credit: Mario Tama/Getty Images It’s been half a century since the magnificent Apollo 11 moon landing, yet some people still don’t believe it actually happened. [Read more about the reasoning.] Unmasking Dark Matter? Four stars that seemingly survived a massive supernova explosion are now lighter, speedier and anxious to leave their home galaxy. [Read more about the renegade.] Dangerous Dark Energy We still don’t know what the X-37B is doing up there, however. [Read more about the rare sight.] Rebel Wreaking Havoc A September 2013 image shows the then-brand new island. Credit: Newscom Olive python feeding on a wallaby. Credit: Ken Griffiths/Shutterstock Cosmic, cosmic, cosmic, cosmic, cosmic chameleon, you come and go. [Read more about the theory.] Dancin’ Bones The universe is full of “runaway stars” trying to escape their home galaxy (including the reddish-blue dot in the bottom-right corner of this NASA telescope image). A new study suggests that some of these stellar renegades may in fact be rare supernova survivors. Credit: NASA/JPL-Caltech A mud-volcano island that burst from the waters off the coast of Pakistan during a deadly earthquake in 2013 has disappeared beneath the waves. [Read more about the disappearance.] Moon Landing Explained As this sign outside of Nevada’s infamous Area 51 military base reminds would-be visitors, guards are authorized to respond to trespassers with deadly force. Credit: Barry King/Getty Images Could quasiparticles called magnons unmask a lightweight dark matter particle? Credit: Shutterstock An excavation in a peculiar place — under the foundation of a dance floor in Russia — has uncovered the remains of one of Napoleon Bonaparte’s favorite generals: a one-legged man who was killed by a cannonball more than 200 years ago, news sources report. [Read more about the remains.] Vanishing Island Astronaut Buzz Aldrin walks on the surface of the moon near the leg of the lunar module Eagle during the Apollo 11 mission on July 20, 1969. Credit: NASA Tiny ripples called magnons could lure even a fleeting, lightweight dark matter particle out of hiding. [Read more about the particles.] Twin Faults A supercomputer simulation of a disc galaxy. The right-hand side of the image shows the gas density within the disk galaxy, while the stars twinkle as bright dots. The left side of the image shows how forces change inside the gas according to Chameleon Theory, which could explain a discrepancy in our measurements and models of dark energy. Credit: Christian Arnold/Baojiu Li/Durham University More than 200,000 Facebook users say they’re interested in joining a raid on Nevada’s infamous Area 51 air base this summer. [Read more about the raid.] Big Appetite Scientists know very little about the faults that ripped apart during the massive SoCal quakes. [Read more about the oddity.] Follow Live Science @livescience, Facebook & Google+.by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeVikings: Free Online GamePlay this for 1 min and see why everyone is addicted!Vikings: Free Online GameUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndoGundry MD Total Restore SupplementU.S. Cardiologist: It’s Like a Pressure Wash for Your InsidesGundry MD Total Restore SupplementUndoCNETMeet the US Navy’s new $13 billion aircraftCNETUndoFinance DailySeniors With No Life Insurance May Get Up To $250,000 If They Do This…Finance DailyUndoKelley Blue Book2019 Lexus Vehicles Worth Buying for Their Resale ValueKelley Blue BookUndolast_img read more

Coalition going strong Kumaraswamy puts up brave face amid crisis in Karnataka

first_imgCoalition going strong: Kumaraswamy puts up brave face amid crisis in KarnatakaKarnataka Chief Minister HD Kumaraswamy claimed he has the number. “Why should I resign? I have my MLAs with me and I have the majority,” he said.advertisement Next Shalini Lobo Sahil Joshi BengaluruJuly 12, 2019UPDATED: July 12, 2019 08:52 IST HD Kumaraswamy. (Photo: twitter.com/hd_kumaraswamy)The coalition crisis in Karnataka not only stirred drama in Bengaluru and Mumbai but also in Delhi on Thursday.With the Congress in Delhi alleging that the Bharatiya Janata Party (BJP) was involved in poaching their MLAs and destabilising their government in Karnataka to the assembly Speaker KR Ramesh Kumar ruling out any immediate decision on the resignation of rebel MLAs in the ruling JD(S)-Congress coalition, the political crisis took another turn today.How the drama unfoldedThe 14 rebel MLAs flew down from Mumbai to Bengaluru to meet Karnataka assembly Speaker KR Ramesh Kumar as directed by the Supreme Court.The Supreme Court asked the Speaker to decide “forthwith” about the resignation of 10 rebel MLAs, allowing them to meet him at 6 pm. A bench headed by Chief Justice Ranjan Gogoi said the decision taken by the Speaker has to be intimated on Friday when the court takes up the plea by the rebel MLAs.Security was beefed up at the Vidhana Soudha from the gates to the Speaker’s chamber. The MLAs were provided with a police convoy to ensure their safety.The rebel MLAs met the Speaker and handed over their resignation in a proper format and asked him to accept them.What did the Speaker saySpeaking to the media, Speaker Ramesh Kumar denied the allegations that he was deliberately making a delay in accepting the resignations of the JDS, Congress MLAs and accused the rebel MLAs of misusing the functionary of the nation.”It is not just about accepting and rejecting a resignation. Should I be working at lightning speed? For whose sake? What about the rules,” asked the Speaker.”The MLAs don’t communicate with me and rush to the Governor. What can he do? Is it not misusing the functionary of the nation? They approached the Supreme Court also They [MLAs] sat in Mumbai and went to Supreme Court and accused me of delaying,” he said.Ramesh Kumar said almost all resignations by MLAs were in the proper format but he was under “no obligation” to act in haste until he was convinced that they were genuine and voluntary.Asserting he will abide by the rules, the Speaker said he will take a “just decision which may be of convenience to some and inconvenience to some.”The Karnataka Speaker has now decided to look through the resignations at night and see if they amount to defection.Speaker is biased: BJPThe BJP has, however, pointed fingers at the Speaker, accusing him of being biased. “The Speaker is influenced and prejudiced and has no authority to delay despite the Supreme Court’s directions,” BJP Karnataka in-charge Muralidhar Rao said.Senior BJP leader and Union Minister Pralhad Joshi said the Speaker of the Karnataka Assembly should take a decision on the resignation of the MLAs at the earliest and should not drag the ongoing constitutional crisis in the state.Coalition puts up brave faceThe Congress-Janata Dal (Secular) coalition wore a brave face before the media and claimed that they hold the majority. The coalition government also claimed that it will pass through if there is a no-confidence motion passed by the BJP.Speaking exclusively to India Today TV, Chief Minister HD Kumaraswamy said, “Why should I resign? I have my MLAs with me and I have the majority.”He later tweeted, “Congress -JDS coalition in the state is going strong despite the efforts to destabilise. We are confident and prepared for smooth and fruitful conduct of legislative sessions.”Congress issues whip to MLAsMeanwhile, the Congress has issued a whip to all its MLAs, asking them to vote in favour of the party if there comes a need to vote. In case of a violation, action will be taken as per the anti-defection law, the directive states.The JD(S) has also initiated a disqualification petition against their three rebel MLAs Narayana Gowda, Gopalaiah, and H Vishwanath.In ‘Operation Kamala’ Karnataka 2.0, Mumbai played a big role by not only keeping a group of 14 Congress and JD(S) together but also keeping them away from DK Shivakumar.Interestingly, when ‘Operation Kamala’ was tried in Karnataka the first time in 2018, BJP Mumbai president Ashish Ahelar was given responsibility to tackle the rebels. This time, the saffron party picked BJP MLC Prasad Lad.Where are the rebel MLAs?The fourteen rebel MLAs from Karnataka returned to a luxury hotel in Mumbai on Thursday after submitting their resignations to the Assembly Speaker in Bengaluru, a local BJP leader said.The MLAs have returned to the Renaissance hotel in suburban Powai and they would be staying there for another two days, the leader said.The legislators were camping here since Saturday evening after resigning and withdrawing support to the 13-month-old JD(S)-Congress government in Karnataka, bringing it on the verge of collapse.(With inputs from PTI)Also Read | Congress asks Karnataka rebel MLAs to vote for coalition, threatens anti-defection lawAlso Read | MLAs have given resignation in right format now: Karnataka Speaker KR Ramesh clarifiesAlso Watch | BJP indulging in horse-trading, Operation Lotus: Congress leader DK Shivakumar on Karnataka crisisFor the latest World Cup news, live scores and fixtures for World Cup 2019, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for World Cup news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byChanchal Chauhanlast_img read more