Develop a Financial Margin of Safety

first_imgBy Barbara O’Neill, Ph.D., CFP®, Rutgers Cooperative Extension, oneill@aesop.rutgers.eduThis post describes small steps that people can take to create a margin of safety (a.k.a., a buffer or a cushion) for their personal finances. According to author and productivity expert, James Clear, the term “margin of safety” is an engineering concept used to describe the ability of a system to withstand loads that are greater than expected.For example, imagine that someone is building a bridge and the maximum weight for a commercial truck carrying a full load is around 80,000 pounds. An engineer on the project would build a bridge that can safely carry vehicles weighing far more than the maximum weight, just to be on the safe side.A margin of safety is crucial, not only in the world of bridges and construction, but also in many areas of everyday life. Having a “cushion” helps people deal with unforeseen problems and deal with life’s inevitable challenges. An example is shoveling a wide swath of snow from your driveway in case there is even more snow coming from another snowstorm before the first round of snow can melt. The way that people schedule their time is another example of the “margin of safety” concept. For example, if it takes 30 minutes on a day with “normal” traffic to get to work, you might leave 45 minutes ahead of time “just in case.” Finance, money management, margin of safety Return to article. Long Descriptionstevepb/Pixabay.com, CC0The “margin of safety” concept can also be applied to ways that people handle their personal finances. Below are five strategies to increase your financial margin of safety:Live Below Your MeansPeople who spend less than they earn have a cash cushion to weather the unexpected. Not only do they have positive cash flow (income greater than expenses), but they likely have accumulated some savings by living frugally and setting aside some of their extra cash. Those who are able to live on, say, 60% to 80% of their income can handle more financial stress than others who cannot.Build Adequate Emergency ReservesAn adequate emergency fund provides a margin of safety against unexpected events such as accidents and unemployment. Financial experts recommend setting aside three to six months expenses (e.g. $6,000 to $12,000 with monthly expenses of $2,000). Many households do not come anywhere near this amount, however, so today is a good day to start building emergency reserves.Any savings is better than none. Clear notes, “The bigger the buffer, the more chaos you can handle.” Pay Off DebtDebt is an albatross around personal finances. The sooner it is paid off, the more “wiggle room” people have to handle life events. Aim to pay off outstanding credit card debt in a year or less. The PowerPay debt reduction program from Utah State University Extension (see https://powerpay.org/) can create an accelerated debt repayment plan. Also, aim to make a final mortgage payment before retirement.Purchase Adequate InsuranceSometimes negative life events are so costly that, even with savings, people cannot afford to pay for them out of pocket. Examples include a cancer diagnosis or the inability to work for two years due to disability from a severe auto accident. This is where insurance comes in because the risk of loss is transferred to a third party (insurance company) in exchange for payment of a premium.Arrange Contingency OptionsExamples of planning for financial contingencies include having a line of credit for small business owners and freelancers to bridge gaps in their irregular cash flow, reverse mortgages as a financial planning tool (e.g., to delay the receipt of Social Security benefits so they will be larger), and preparing current estate planning documents (e.g., a will and advanced directive documents such as living will and durable power of attorney for health care).Want to take small steps to improve your personal finances? Take action today to build your financial margin of safety. Every small step that you take to prepare for life’s inevitable “bumps in the road” makes a difference. For examples of factors that promote resilience in times of financial stress, take this quiz.last_img read more

SAD seeks withdrawal of new history book chapters

first_imgThe Shiromani Akali Dal on Wednesday demanded an immediate withdrawal of the newly released chapters of the Class XII history book of the Punjab School Education Board, alleging that it contains distorted history related to the Sikh faith and Sikh gurus.Former Education Minister Daljit Singh Cheema said the new chapters, which had been released online, have numerous mistakes and factual errors.“An attempt has been made to distort historical facts pertaining to Sikh gurus and objectionable observations about Sikh dharmic granths (religious books),” alleged Mr. Cheema, adding that Education Minister O.P. Soni should be sacked from the Cabinet and PSEB Chairman Manohar Kant Kalohia removed from his post.Mr. Cheema said the Sikh panth would never allow the Congress government to play with the history of Sikhism as well as that of the State. “If the chapters are not withdrawn immediately the Akali Dal would launch an agitation on this issue,” he said.‘Wrong facts’“It seems the Congress government wants to deprive the younger generations of their history and culture by putting misleading and wrong facts about Guru Sahibans and Sikh religion in their history books,” he said, adding that there are numerous wrong facts in the third and fifth chapters of the modified history book.last_img read more

Indian-Origin Man Among Retail Store Operators Fined for Underpaying Indian Workers in Australia

first_imgOperators of a 7-Eleven outlet in Brisbane, including an Indian-origin manager and part-owner, have been penalized for short-changing overseas workers and creating false records to try to cover it up by the Australian Federal Circuit Court, the Fair Work Ombudsman said in a statement on June 5.Avinash Pratap Singh, the manager and part-owner of the 7-Eleven fuel outlet, in East Brisbane, has been penalized A$32,130. A company that Singh is a director of — S & A Enterprises (QLD) Pty Ltd — has been penalized an additional amount of $160,650. In addition to imposing the penalties, the judge ordered Singh and S & A Enterprises to pay A$2747 in Fair Work Ombudsman legal costs.“S & A Enterprises was also ordered by the court to commission an audit of its compliance with workplace laws. It was also asked to resolve any non-compliance issues discovered and to display an in-store notice containing information about minimum employee entitlements,” the statement said.Following media reports about the outlet in 2015, Fair Work Ombudsman inspectors investigated the outlet and subsequent legal action was taken by the Fair Work Ombudsman.Inspectors found that the employees were two international students from India in their mid-20s, who had been underpaid a total of A$5593 for short periods of work in 2014.“One employee was underpaid A$4439, which was 25 per cent of his entitlement, over a five-month period, while the other was underpaid A$1154, which was 41 per cent of his entitlement, over a seven-week period. The underpayments have been rectified,” the statement added.Singh and S & A Enterprises admitted in court that they paid the employees flat hourly rates as low as $14.14 an hour, resulting in the underpayment of minimum hourly rates, overtime rates and penalty rates for weekend and public holiday work.Singh and S & A Enterprises also made false entries into the 7-Eleven head office payroll system and the company knowingly provided false time-and-wage records to Fair Work Ombudsman.“Entering of inaccurate hours and pay rates into the payroll system created records that appeared to show that the employees were paid at the rates of pay prescribed by the modern award, including penalty rates and overtime rates of pay, which actually bore no relation to their hours of work or actual hourly rates,” said judge Salvatore Vasta.The Fair Work Ombudsman had to use fuel dip and cash register sign-in and sign-out records to assess the employees’ correct hours of work. Singh and the company also flouted workplace laws by failing to fully comply with two Notices to Produce issued by the Fair Work Ombudsman.Recently, a cleaning company was fined A$132,217 by the Federal Circuit Court for underpaying overseas workers at the Melbourne Cricket Ground (MCG) in 2014. The Australian court also imposed a fine on two Indian former owners of the company which subcontracted overseas workers to the cleaning company. Related ItemsAustraliabrisbaneFair Work Ombudsmanlast_img read more

LeBron James heads to Manila again on September 2

first_imgTrump signs bills in support of Hong Kong protesters Cleveland also picked up 2011 NBA MVP Derrick Rose and Jeff Green in the offseason.Sports Related Videospowered by AdSparcRead Next Celebrity chef Gary Rhodes dies at 59 with wife by his side Sharapova determined to prove point on Slam return LATEST STORIES The 32-year-old James, who just led the Cleveland Cavaliers to their third straight NBA Finals two months ago, will be in the country on Sept. 2 for his “Strive for Greatness Show” which will be held at Mall of Asia Arena.James was supposed to visit Manila in September 2016 but cancelled the stop due to logistical reasons.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingThe two-time Olympic gold medalist is looking to bring another title in Cleveland in the coming season, but with a different-looking squad.The Cavaliers, who yielded the championship to the Golden State Warriors in five games, just swapped its All-Star guard Kyrie Irving to the Boston Celtics for another stud in Isaiah Thomas, quality role player in Jae Crowder, Ante Zizic and an unprotected 2018 first round pick from the Brooklyn Nets. Pagasa: Storm intensifies as it nears PAR LeBron James #23 of the Cleveland Cavaliers reacts against the Boston Celtics during Game Three of the 2017 NBA Eastern Conference Finals at Quicken Loans Arena on May 21, 2017 in Cleveland, Ohio. Jason Miller/Getty Images/AFPLeBron James is set to return to Manila.James, who is arguably the best basketball player in the world today, is making his third visit to the Philippines.ADVERTISEMENT Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Woman gives birth at Manila North Cemetery on All Souls’ Day PLAY LIST 01:18Woman gives birth at Manila North Cemetery on All Souls’ Day01:151.108M crowd estimate at Manila North Cemetery since Oct. 30 to Nov. 201:22Manila police chief: Cops tolerating illegal street vendors to get ax02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Lacson: SEA Games fund put in foundation like ‘Napoles case’ MOST READ NATO’s aging eye in the sky to get a last overhaul Don’t miss out on the latest news and information. View commentslast_img read more

Govt to set up 5 dedicated centres for divyang athletes

first_imgVadodara, Oct 15 (PTI) The central government will set up five national-level sophisticated sports centres for differently-abled sportspersons, with an objective of catering to their special needs like training and diet, Union Minister Thawar Chand Gehlot announced today.”The government has started work on establishing five centres and land has been acquired for three such centres. They will come up in Madhya Bharat, Paschim Bharat, Uttar Bharat, South Bharat and East Bharat (central, west, north, south and east India),” the Social Justice and Empowerment Minister told reporters here.Gehlot was in town for overseeing the arrangements for distribution of tri-cycles, wheel chairs, hearing aids and other such implements to more than 14,000 divyang people at a function to be held on October 22 in presence of Prime Minister Narendra Modi.”Three out of five state-of-the-art centres will be set up in Punjab, Madhya Pradesh and Andhra Pradesh, with an aim to provide special training and support to sportsmen who are differently-abled.”Setting up of two more such centres depends upon two concerned state governments (considering availability of land). (The aim is) to cater to the special needs of training, diet etc of differently-abled sportsmen. We have already been provided land by governments of Madhya Pradesh, Punjab and Andhra Pradesh,” Gehlot said.He said the facilities will be set up at Zirakpur in Punjab, Ujjain in MP and Visakhapatnam in Andhra Pradesh.”We want to adopt the best practices and parameters in force at recently concluded Rio 2016 Paralympics. A detailed project report is being prepared and we will initiate construction of buildings soon,” the minister said.advertisementHe said as part of Accessible India” campaign, 50 cities (A and B) have been shortlisted, where 100 “most important government buildings” will be converted into fully accessible buildings in future. (MORE) PTI CORR NSK KISlast_img read more

Egypt Looking Wobbly ahead of Portugal, Greece Warmups

first_imgCAIRO (AP) — Egypt’s first World Cup warmup will be against Portugal, a match that could have two of the most prolific scorers in soccer going up against each other.The Egyptians, who will play at the World Cup for the first time in 28 years, will be led by Mohammed Salah. The Liverpool forward scored four goals in the Premier League on Saturday.On the other side is Cristiano Ronaldo, the world player of the year who scored four goals for Real Madrid on Sunday.After facing Portugal on Friday in Zurich, the Egyptians have another warm-up match against Greece on Tuesday in the same Swiss city. At the World Cup, Egypt is in Group A along with host Russia, Uruguay and Saudi Arabia.Here are some things to watch out for in the squad:___ATTACKWith 36 goals in all competitions, Mohammed Salah remains the go-to man in a squad that has no one with a similar scoring touch. And it’s a problem.Manchester United midfielder Ashley Young marked Salah so closely in a recent Premier League game that he was unable to get a single shot on target. To prevent a repeat while playing for Egypt, Salah’s likely partners in attack — Mahmoud Hassan and Mahmoud Abdel-Monaim — need to raise their game.Another attacking option is Stoke City midfielder Ramadan Sobhi, but the 21-year-old forward has not been playing much and has only two goals to his name after nine starts so far this season.___DEFENSEWest Bromwich Albion defender Ahmed Hegazi is the jewel of Egypt’s defense.Next to him might be club teammate Ali Gabr, who has been sitting on the bench since moving on loan to the English team from Egyptian club Zamalek about two months ago.Al-Ahly defender Ramy Rabiah, a longtime fixture in the national squad, is injured, and club teammate Saad Sameer has yet to gain match fitness after a long injury.The predicament in defense could hand another Al-Ahly defender, Ayman Ashraf, his first taste of international soccer.___GOALKEEPERAt 45, Essam el-Hadary will be the oldest goalkeeper ever to play in a World Cup if he keeps his place in the squad.El-Hadary was the starting goalkeeper in qualifying, but he has been leaking goals in Saudi Arabia recently, including five in one recent league match.He remains capable of pulling off some match-saving saves, but he has also shown in recent years some lapses of judgment and occasional slow reflexes. His vast experience could serve him well, however, by putting him at the top of Egypt coach Hector Cuper’s pecking order.___MIDFIELDAl-Ahly playmaker Abdullah el-Said has been a key member of the squad in recent years, but has found himself in trouble with his team in recent days after secretly agreeing to join crosstown rival Zamalek amid negotiations over a contract extension with his club.El-Said decided to stay with his club, which in turn suspended him for the remainder of the season and put him up for a transfer.El-Said is traveling with the squad to Switzerland for the Portugal and Greece friendlies, but is reportedly in a bad way psychologically.—By HAMZA HENDAWI , Associated PressTweetPinShare0 Shareslast_img read more

Aston Villa target high-profile appointment after sacking Steve Bruce

first_imgnews Share on LinkedIn Topics Aston Villa The Fiver: sign up and get our daily football email. Purslow, who spent just over 12 months as Liverpool’s chief executive and later went on to become managing director at Chelsea for three years, is tasked with putting together the shortlist for a position that is likely to attract plenty of interest, especially now that Villa have the financial backing of Sawiris and Edens, who bought a majority stake from Dr Tony Xia, the former owner, in July to put the club back on a stable footing.Bruce’s position as manager came under scrutiny at that time, with reports circulating that Henry was going to take over at Villa Park. Although Bruce managed to ride out that storm, he was never going to survive Tuesday night, when the simmering anger and frustration in the stands came to the surface on the back of a result that left Villa with only one win from their last 10 matches.Bruce was clearly upset and hurt by some of the things that went on off the field, including the cabbage incident, but he said afterwards that he had no intention of resigning and vowed to “battle on”. With Villa still within touching distance of the play‑offs, Bruce could have been forgiven for thinking he was only a few results away from turning things round, yet the reality is performances have been poor for some time and a team with a sprinkling of talented individuals has been playing with no clear identity for too long.In a statement released on Wednesday afternoon Villa confirmed that Colin Calderwood, the assistant manager, has left the club along with Steve Agnew, Stephen Clemence and Gary Walsh, who were all part of the coaching staff. Kevin MacDonald, the under-23s manager, will take temporary charge for Saturday’s game at Millwall. Read more Share via Email Deciding the best option was trying to hit Steve Bruce with a cabbage Share on Twittercenter_img Steve Bruce Christian Purslow, who took over as Villa’s chief executive officer at the end of August, met Bruce on Wednesday to inform him that he was being dismissed, a little under two years after he was appointed. Nassef Sawiris and Wes Edens, the club’s owners, made that decision together with Purslow after coming to the conclusion that the chaotic game against Preston, who are bottom of the Championship, left them with no option but to act.Purslow, working closely with the club’s owners, will now lead an extensive search to find a manager capable of reviving their promotion hopes. Thierry Henry, who was linked with the Villa job in the summer, is likely to be among the candidates. Other names in the frame include Sam Allardyce, out of work since leaving Everton in May, and Brendan Rodgers, the Celtic manager. Dean Smith, who has impressed at Brentford and grew up supporting Villa, could also come under consideration, although it is questionable whether he is the sort of appointment the owners have in mind.Villa, in an ideal world, hope to have Bruce’s successor in place in the lead‑up to time for the home game against Swansea on 20 October, which takes place immediately after the international break, although they are not wedded to that timescale and will not rush a decision that is central to their plans of returning to the Premier League. Share on Pinterest Reuse this content Share on WhatsApp Aston Villa are targeting a high-profile appointment after sacking Steve Bruce following a damaging run of results that made his position untenable in the eyes of the club’s owners.Bruce was relieved of his duties less than 24 hours after the tumultuous 3-3 draw against Preston, during which Villa missed an injury-time penalty, fans called for him to be dismissed and a cabbage was thrown at the 57‑year‑old manager. Share on Messenger Share on Facebooklast_img read more

Help for Coffee Farmers

first_img The money, being made available through the Rural Agricultural Development Authority (RADA), will assist the neediest of the 7,000 registered coffee farmers. Small coffee farmers who have been severely affected by the ongoing decline in the industry will now have access to $60 million, which has been donated by philanthropist and businessman, Michael Lee-Chin and his family. Story Highlights The announcement was made during a media briefing at the New Kingston offices of the Ministry of Industry, Commerce, Agriculture and Fisheries on Monday (September 10). Small coffee farmers who have been severely affected by the ongoing decline in the industry will now have access to $60 million, which has been donated by philanthropist and businessman, Michael Lee-Chin and his family.The money, being made available through the Rural Agricultural Development Authority (RADA), will assist the neediest of the 7,000 registered coffee farmers.The announcement was made during a media briefing at the New Kingston offices of the Ministry of Industry, Commerce, Agriculture and Fisheries on Monday (September 10).Under the arrangement, farmers will indicate to RADA what their immediate needs are in terms of tools and other supplies that can help to boost their productivity. RADA will then purchase the items required.Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, thanked Mr. Lee-Chin for the personal contribution, which will go towards the welfare of coffee farmers by helping them to “get back on their feet and help their families”.He said that this short-term intervention is a welcome boost to the industry, which is “at a cross roads”, having declined dramatically over the past 25 years.“We used to produce 700,000 boxes of Blue Mountain coffee. We are targeting 230,000 or 240,000 right now – that’s a pretty sharp decline,” he said, noting, as well, that 20,000 boxes of High Mountain coffee are now being produced, where it previously yielded 400,000 boxes.With coffee price at as low as $4,000 per box last year, Mr. Shaw lamented that the country’s farmers do not have much bargaining power and have no control over market prices.“It is most unfortunate that while the demand for coffee consumption globally has either been steady or generally increasing, our coffee industry is going in the opposite direction. Something has to be done about it,” he stressed.The Minister noted that even though the industry is now privatised, the Government is still committed to working with stakeholders to ensure the industry is resuscitated.“Government still has responsibility, in our view, for facilitation and for the aggressive promotion of the coffee industry. It’s another one of our unique products; we have to promote it to the hilt,” he said.He said the Administration will ensure the continued integrity of the product; continue to provide technical support, extension services and technology transfer for small farmers; and provide general industry development.The intervention was initiated by Member of Parliament for East Rural St. Andrew, the Most Hon. Juliet Holness, who said she approached Mr. Lee-Chin last week to outline the plight of coffee farmers and to seek his assistance.“This one-time gift to the farmers means that many are going to be comfortably able to send their children back to school this term, and many will be in a position to be able to access, through RADA, some amount of assistance,” she said.Mrs. Holness noted that farmers she has interacted with have requested a tractor for them to share between their communities; a truck to transport their coffee to market; and well as pesticides, fungicides and fertiliser.For his part, Mr. Lee-Chin said he is aware that the Government does not have the fiscal space to provide relief, and, therefore, the gift is “a stop-gap solution to the plight faced by our farmers” in an industry that “is in crisis”.last_img read more

Australia PM to Give Places of Worship $39 Million for Security

Rabat – In the wake of a terrorist attack on two New Zealand mosques on March 15, Australian Prime Minister Scott Morrison has announced the government will give AUD 55 million (US $39 million) in grants to step up security measures at mosques, synagogues, churches, temples, and religious schools. The funds would help end what Morrison called “mindless tribalism.”  He tweeted, “We’ll deliver $55 million for grants that will prioritise safety enhancements at religious schools and places of worship, such as CCTV cameras, lighting, fencing, bollards, alarms, and security systems.” The grants are part of the Australian government’s Safer Communities Fund project for communities at risk of extremism and terror.Read also: Egg Boy to Donate GoFundMe Money to Christchurch Mosque VictimsMorrison highlighted the importance of freedom of religion. “Religious freedom is not just an inalienable right as free citizens. It is import to the very cohesion of our society. It is for many Australians impossible to separate their faith from their culture.” New Zealand Prime Minister Jacinda Ardern wore a hijab to express solidarity with to the bereaved families as she took the lead in signing a book of condolence for the victims of the Christchurch attack.As the world is decrying the horrific terrorist attacks perpetrated by an Australian right-wing terrorist, the Casablanca Wydad football club recited the first surah of the Qur’an in grief over the victims.Read also: New Zealand PM Wears Hijab, Signs Condolence Book for Mosque Attack read more

US officials to put off oil leases near sacred tribal land

ALBUQUERQUE, N.M. — U.S. Interior Secretary David Bernhardt has agreed to put off oil and gas leasing for a year on land that tribes consider sacred surrounding Chaco Canyon National Historical Park in northwestern New Mexico.Officials say that will allow time to finish an updated management plan to guide energy development across the region. The decision comes after Bernhardt visited the ancient site Tuesday.The area has been central to an ongoing dispute over drilling in the San Juan Basin in northwestern New Mexico and southwestern Colorado.Native American tribes and others are pushing for a formal buffer to protect culturally significant sites within 10 miles (16 kilometres) of the park.The management plan will include an alternative that reflects the views of Native American leaders and provisions from pending federal legislation.The Associated Press read more

UN humanitarian chief continues assessing needs in postconflict Gaza

24 January 2009The top United Nations humanitarian official, who is on the ground to assess needs in Gaza, has lauded the determination of those working to address the immediate needs of people in the wake of the recent three-week Israeli military offensive. Today in Ramallah and Jerusalem, Under-Secretary-General for Humanitarian Affairs John Holmes met with the Palestinian Authority, representatives of the Private Sector Council, Palestinian and Israeli non-government organizations (NGOs), and Israeli academics.Members of civil society stressed to the UN official the need to keep the crossings into Gaza open, while Palestinian groups voiced the deep anger of their community and called for accountability. The 22-day offensive, which Israel launched on 27 December with the stated aim of ending Hamas rocket attacks, claimed over 1,300 lives, 412 of them children, and wounded more than 5,450, 1,855 of them children, as well as causing widespread destruction and suffering. In his talks with the Palestinian Authority in Ramallah, Mr. Holmes, who also serves as Emergency Relief Coordinator, discussed bolstering relief, recovery and emergency repairs. Welcoming the support of governments and private organizations, the Palestinian Authority underscored the importance of cash donations, and asked that donors coordinate their aid with both the United Nations and the Authority. “During my visit to Gaza earlier this week, the destruction I witnessed was devastating,” said the Under-Secretary-General. “However, I end this visit encouraged by the determination of those I have met to respond as quickly as possible to the immediate needs of the people of Gaza, and to help them resume a life lived with dignity.” Yesterday, he briefed donors on his visit to Gaza and on the Flash Appeal to meet critical needs to be launched early next month, tomorrow, he will travel to Egypt to confer with representatives from the Government and the League of Arab States, as well as UN officials, the Red Cross and Red Crescent Movement, and others. John Ging, Director of Operations in Gaza for the UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), cautioned that there is growing anger in Gaza over the recent Israeli military operation that inflicted death, damage and destruction in the territory. Briefing reporters in New York via video-link from Gaza yesterday, he emphasized that ensuring accountability and restoring the local economy are the main ways to make certain the conflict does not create more extremists. “People are increasingly angry about what has happened here. That is perfectly understandable. But we want to channel the emotions now into something constructive and positive,” Mr. Ging noted. read more

Five things to watch for in the Canadian business world in the

TORONTO — Five things to watch for in the Canadian business world in the coming week:Sparking power and controversy: Hydro One will release its second-quarter results Tuesday. It’s the company’s first earnings report since it bought U.S. utility Avista Corp. for C$6.7 billion last month. The takeover has been controversial, as it would see Hydro One assume ownership of a coal-burning plant in Montana after Ontario weaned itself off the fuel.Let’s make a deal: The Ontario Securities Commission will hold a hearing Wednesday to decide whether to approve a settlement with Home Capital. In June, the mortgage lender struck a $11-million agreement to settle its case with the OSC involving allegations of misleading disclosure about falsified information on loan applications.Seeking direction: Aimia is set to release its second-quarter results Wednesday after markets close with a conference call the next day. Investors and analysts will be looking for answers after a bruising few months during which Air Canada announced it was not renewing its Aeroplan contract with the marketing firm. It has lost 80 per cent of share value since.The bottom line: Other corporate earnings to take note of this week include Valeant Pharmaceuticals, Quebecor, Canadian Tire, Manulife and Sun Life.The economic docket: There’s not a lot of economic data to push the needle this week, but for the junkies there’s building permits and housing starts on Wednesday followed by the new housing price index Thursday. read more

WatchWhat keeps me up at night Why Trumps trade czar is so

His fear involves America’s treasure trove of corporate research being taken by China — by its spies, by its state-funded corporate takeovers, and by forced mergers and technology transfers as the cost of doing business with Beijing.“If you (ask me) what keeps me awake at night, that’s what keeps me awake at night,” Lighthizer told the U.S. Senate finance committee on Thursday.The Ohio-born trade lawyer rose in the Washington ranks decades ago as a staffer on the very committee where he testified Thursday; later, in the 1980s, he became a Reagan administration official who negotiated limits on steel imports, which he now credits with saving parts of the American industry.Lighthizer told colleagues their careers will be judged by how they deal with China-related challenges. And he made clear his lack of patience with Economics 101 lectures involving Adam Smith.Anyone suggesting governments leave the market to Smith’s “invisible hand” ignores that the market is already being meddled with, he said, by countries using state power to assist favoured industries and hurt Americans.He cited rust-belt communities now gripped by the opioid crisis. He said the threat continues: China established a policy in 2006 to dominate world solar-panel production — and within a few years the U.S. industry had disappeared.Now the new China 2025 policy calls for dominance in 10 high-tech industries including aviation, robotics and energy-efficient vehicles.“This is not our spies (telling us this). They put this out,” he said.He said the Chinese state-directed system will always be unique, and some behaviours will not change; Trump’s directive mentions hacking of companies and strict conditions on U.S. firms that want to do business in China.But Lighthizer said the U.S. can impose costs on certain behaviours and try to mitigate their impact: “We can at least be in a position where U.S. industry isn’t wiped out. … And if we don’t do that, then shame on us.”Here’s one well-known example of the attempt to affect Chinese behaviour: steel tariffs.Lighthizer said the goal of these controversial tariffs, ultimately, is to change the market and press the Chinese to reduce their production. He said other international efforts have failed: “So you try to make it expensive for China to have excess capacity — that’s what we’re trying to do… Then you work closely with our allies.”On that score, he made a surprise announcement, on the eve of the steel tariffs taking effect. In addition to exemptions for Canada and Mexico, he announced the European Union, Australia, Argentina, Brazil and South Korea would also get an initial pass.Total chaos on trade isn’t going to create a single red, white and blue job in AmericaDemocrat Ron Wyden Win McNamee/Getty Images It’s this kind of apparent improvisation that has Washington worried.Congressional Republicans are pushing back on the substance of Trump’s trade moves; the Democrats are primarily denouncing the style. The top Democrat on the committee told Lighthizer he was concerned about the process.Trump launched the steel-tariff process last year; just before the expiry date, months later than expected, he began reviewing tariff rates; he reportedly raised the rate to 25 per cent from 23 per cent because he wanted a nice round number; then he started handing out national exemptions up until the last minute.“More of the same: chaos,” said Democrat Ron Wyden.“The tariffs are scheduled to go into effect tomorrow. … Total chaos on trade isn’t going to create a single red, white and blue job in America… We are counting on you to be a cool head in the middle of a very overheated atmosphere.”Lighthizer denied the chaos.He also denied being cool: “Being referred to as a cool head is an unusual experience for me.”To wit, he got into some tense exchanges Thursday. Lighthizer apologized for referring to one Democrat’s opinion as “nonsense,” and snapped back when another Democrat chided Trump for making up trade stats with Canadian Prime Minister Justin Trudeau.Lighthizer defended a boss who shares his instincts on trade, if not the same mastery of its details.“Listen, I’m a Trump supporter,” Lighthizer said. “I love the president.”As for the Chinese government, that’s another story. When his microphone temporarily went dead, one Democrat joked it might have been Russian meddling. To which Lighthizer replied: “I think it’s more likely the Chinese for me.” WASHINGTON — It was President Donald Trump who announced a broad trade offensive against China on Thursday, with wide-ranging tariffs, an international lawsuit and investment restrictions to combat alleged theft of Americans’ intellectual property.It was his trade czar, however, who made the most elaborate argument for them.Stocks were sent sputtering by the prospective clash of economic giants, trade wonks muttered that the American salvo lacked a planned exit strategy and China vowed retaliation over the threatened 25 per cent U.S. duty on high-tech products: “China would fight to the end … with all necessary measures.”Trump orders $50 billion tariff hit on Chinese goods as trade war fears escalateChina had to intervene to curb a rout in its $7.7 trillion stock market this morning, sources sayChina urges America to pull back from the ‘brink’ as trade war loomsMeanwhile, Robert Lighthizer was testifying before Congress. A self-described curmudgeon, best known for his elbows-up negotiating style on NAFTA, Lighthizer confided that his biggest fear is far removed from issues involving Canada and Mexico.Robert Lighthizer’s fear involves America’s treasure trove of corporate research being taken by China by its spies, by its state-funded corporate takeovers, and by forced mergers and technology transfers as the cost of doing business with Beijing. read more

Most actively traded companies on the TSX

by The Canadian Press Posted Feb 13, 2017 2:31 pm MDT Last Updated Feb 13, 2017 at 3:20 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Most actively traded companies on the TSX Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (up 27.46 points to 15,756.58, a record high):Manulife Financial Corp. (TSX:MFC). Financial Services. Up 18 cents, or 0.74 per cent, to $24.59 on 8.9 million shares.Canopy Growth Corp. (TSX:CGC). Drug manufacturer. Up 60 cents, or 4.84 per cent, to $13 on 6.7 million shares.NexGen Energy Ltd. (TSX:NXE). Miner. Up 30 cents, or 7.67 per cent, to $4.21 on 6.2 million shares.B2Gold Corp. (TSX:BTO). Miner. Down five cents, or 1.12 per cent, to $4.40 on 5.9 million shares.Fortune Minerals Ltd. (TSX:FT). Miner. Up 6.5 cents, or 28.26 per cent, to 29.5 cents on 5.8 million shares.UEX Corp. (TSX:UEX). Miner. Up 6.5 cents, or 20.31 per cent, to 38.5 cents on 4.9 million shares.Companies reporting major news:Restaurant Brands International Inc. (TSX:QSR). Fast food restaurants. Up $3.01, or 4.48 per cent, to $70.22 on 615,547 shares. The owner of Tim Hortons and Burger King reported its 2016 net income was US$345.6 million, or $1.45 per share, up from $103.9 million or 50 cents per share in 2015. Total revenue for 2016 was US$4.15 billion, up from $4.05 billion in 2015. read more

Knockout that left Montreal boxer in coma prompts questions in medical community

MONTREAL — One of the doctors who worked the boxing match Saturday night in Quebec City that left Adonis Stevenson hospitalized in an induced coma said he and his colleagues are at a loss to medically justify the sport.The goal of boxing is to inflict damage on the opponent, often by knocking him unconscious. And that carries important risks for severe head trauma, Jean Dore said.“I can’t say we can justify it,” Dore said in an interview. “It’s a question a lot of doctors are asking, especially doctors within the sport.”As of Monday evening, Stevenson, the 41-year-old Montreal-based fighter known to his fans as “Superman,” remained in intensive care in a Quebec City hospital after a knockout by Oleksandr Gvozdyk of the Ukraine. In a statement, the hospital described the fighter’s condition as stable.Despite his misgivings, Dore said he prefers to remain ringside rather than leave the sport.One of his patients was New Brunswick boxer David Whittom, who died last March after being in an induced coma for 10 months following a knockout blow.Dore chooses to keep attending fights, he said, “to better manage the situation and to try to prevent these events.” On Saturday, Dore was a backup physician and did not directly care for Stevenson.Dr. Charles Tator, a neurosurgery professor at University of Toronto and a director at Canadian Concussion Centre, said it pains him to watch boxing.“I can’t really watch combat sports because it bothers me so much when I see the direct hits to the head,” he said in an interview.He said its “tragic” that people willingly get into the ring.“There’s so many hits to the head that could be damaging, that I can’t take it as a brain surgeon, knowing what happens inside,” Tator continued.Alain Ptito, a brain trauma expert at McGill University’s Montreal Neurological Institute and Hospital, said it is impossible to make the sport safe.“When you are knocking out someone, you are essentially damaging their brain,” he said in an interview.A fighter who stumbles and crashes onto the mat after a knockout punch has suffered trauma to the area around the brain stem, which governs vigilance and consciousness, he explained.Injuries are cumulative, Ptito added, meaning the more one gets hit in the head, the greater the likelihood they will have an early degenerative disease.“Boxing should be abolished as a sport,” he said. “I wouldn’t hesitate to say that.”But any pressure by doctors to ban boxing would trigger resistance from those who say government has no place interfering with consenting adults who understand the risks of professional boxing.In Montreal, one of the top boxing cities on the continent, the pushback would be particularly strong, said TSN 690 boxing analyst Matt Casavant.Fighters such as Lucian Bute, Jean Pascal, and Stevenson are major sporting figures in the city and are embraced by fans, said Casavant, who also works bouts as a cutman treating fighters between rounds.Boxing transcends sport, in part because of the storylines of troubled men who make something of their lives, Casavant said. Stevenson, for instance, served jail time for being a pimp. The boxer has in the past credited boxing for turning his life around.“These fighters, especially in North American culture — do not necessarily choose this path,” Casavant said. “This is their best way of getting out of trouble — of making a living for their family. Boxing knows what it is. It’s not trying to hide the fact it has big-time risks and health concerns.”Sylvera “Sly” Louis, co-owner of Underdog Boxing Gym in downtown Montreal, said boxing changed his life.“Boxing lets me express my anger — my anger and my desire to create and to compete,” he said in an interview. “It allows me to be nice (outside the ring.)”Louis, 36, who still competes professionally, said seeing what happened to Stevenson was a reminder of the dangers of the ring. “Sometimes when I’ve gotten hit, my ego will want to pretend that it didn’t hurt me,” he said. “We’re all proud and sometimes our pride can get us hurt.”Louis started boxing at 16, and he says it makes him happy to see people he’s come up with over the years doing well, thanks in large part to the sport.“We’re not in jail and we’re not dead,” he said. “Some have families and most are doing good.”— With files from Gregory Strong, The Canadian Press.Giuseppe Valiante, The Canadian Press read more

New life for rescued Leitrim dogs as they are rehomed

first_imgTHE DOGS WHO were saved in the biggest canine rescue in the history of the State have been rehomed, the ISPCA said today.In total, 140 dogs were rescued in a joint operation by the ISPCA, Leitrim Animal Welfare, Dogs Trust and County Veterinary Offices.Grace O’Brien of the ISPCA told TheJournal.ie that the dogs left in their care have found homes, though some may need to be neutered first. There may also be homechecks pending before the dogs can leave the premises.Four of the dogs. Pic: ISPCAThe ISPCA has a procedure in place for animals in its care who are rehomed, including having them neutered and microchipped. As small dogs tend to be easy to home, these dogs found homes quite quickly.The dogs were found in deplorable conditions in a rural area of Leitrim, with urine, faeces, sawdust and mud embedded in their fur. One of the rescued dogs had to have its eye removed.The person who owned the dogs was believed to be a dog hoarder, who was making efforts to feed the dogs. However the situation spiralled out of control, the ISPCA said.One of the rescued dogs, Jin, before being groomed. Pic: ISPCAISPCA Chief inspector Conor Dowling commented:Many of the animals were also suffering from eye problems and one had to have an eye removed, while the ISPCA was forced to put another animal to sleep, which is hugely disappointing, while being a mercy there wasn’t more than one.Read: 140 dogs saved in biggest canine rescue in State history>last_img read more

Thinking of buying a puppy for Christmas Heres why you shouldnt

first_imgThinking of buying a puppy for Christmas? Here’s why you shouldn’t The ISPCA has warned people to wait until January to avoid funding puppy farms where dogs can be kept in “appalling conditions”. THE ISPCA HAS issued a warning to people considering buying a puppy to not support puppy farms in the run up to Christmas.The organisation has said the coming weeks mark “the busiest time for rogue breeders advertising puppies for sale and buyers need to beware and understand where these puppies are originating from”.In a statement the ISPCA noted: “Many puppies are bred in appalling conditions, are not vaccinated or microchipped and may be in need of veterinary care.”The organisation said it has saved hundreds of puppies from “deplorable conditions”, noting dogs sometimes have no access to daylight, have inappropriate bedding and are cooped up in a small kennel or breeding cage.“In the worst cases there is limited food or access to clean drinking water with minimal human interaction or veterinary care.They arrive at our centres terrified, often huddled together silently. After extensive veterinary treatment and rehabilitation, the ISPCA finds loving homes for these puppies where they will receive the love and kindness they deserve.The ISPCA is encouraging people to adopt a dog after the festive season to reduce the risk of supporting this “cruel trade”, adding: “Buying a sick puppy is a heartbreaking experience for any family to endure, especially at Christmas.”ISPCA CEO Dr Andrew Kelly said puppy breeding in Ireland is big business and the organisation needs the public’s help to reduce the demand.Large numbers of puppies are bred in Ireland, taken far too early from their mothers to be sold in Ireland or shipped illegally to the UK where they will be sold to unsuspecting families purely for profit with no regard for their welfare. Many of these puppies have had a very unpleasant start in life, sold to people who believe they are purchasing a healthy and happy puppy. Unfortunately they may have purchased a sick puppy, sometimes diagnosed with the contagious and often fatal parvovirus.‘Don’t be hoodwinked’ Broadcaster and ISPCA supporter Charlie Bird shared his own experience with rogue breeders to raise awareness.“Please don’t be hoodwinked or fooled by rogue breeders like my wife and I were. We decided to buy a puppy from a breeder in Cork whose website seemed great. We visited the sellers at their house in Cork and were led to believe that they had reared the puppies in their house.We asked all the right questions. We asked to see the father of the puppies and were told that he had tragically been run over. This was not true.Bird said they were “horrified to find out that it was in fact a large-scale puppy farm with almost 100 breeding females”.The ISPCA notes that pets “never make good Christmas gifts and should never be bought on a whim or given as a surprise”.If you’re thinking of buying a dog, here is their advice:Don’t buy a puppy from unscrupulous breeders fuelling demand – do your researchAlways try to adopt from the ISPCA, your local rescue or dog poundReport suspicious activity onlineCheck if the seller is a registered commercial breeder and check the local authority registration detailsReputable breeders do not advertise puppies for sale through online websites, pet shops or newspaper adverts, or meet at petrol stations, car parks or at the side of a roadCheck websites have signed up to the Pet Advertising Advisory Group (IPAAG) minimum standardsAlways ask to see both parents of the puppy interacting with the litter. If you’re told this can’t happen, ask whyResponsible breeders will want to do a home check and ask you important questions about your lifestyle in order to ensure you are a suitable owner for their puppyAsk to see where mother, father and puppies are living. If you are concerned by excuses made as to why the parents are not there, don’t buy a puppy out of guiltWarning signals include other dogs hidden from sight in nearby sheds or if can you hear loud music playing to drown out the barking noiseAlso check if there is a lot of traffic coming and going from the property and if someone actually lives thereAsk to see the puppies’ veterinary records for vaccinations and parasite treatments, microchipping certificate, etcEnsure you obtain a proper receiptBe cautious of large numbers of puppies for sale online using the same adverts/phone numbersRead: Quiet, hungry’ puppies shipped from Dublin Port will soon need new homesRead: Wooden crates for housing dogs “no longer in use” at dog breeding farm in Cavan Saturday 26 Nov 2016, 5:00 PM By Órla Ryan Image: ISPCA Share2400 Tweet Email 17 Comments Short URL Nov 26th 2016, 5:00 PM Image: ISPCA http://jrnl.ie/3102061 19,749 Views Tweet thisShare on FacebookEmail this articlelast_img read more

Wonder Woman Adds Another Awesome Woman

first_img2017 is shaping up to be a pretty great year for genre movie fans. With Get Out and Logan enjoying critical and box office success, this year is off to an unusually strong start for science fiction, comic book movies, and horror flicks. And with the constant stream of exciting news coming out this week, there’s a chance that trend could continue.Let’s start with Wonder Woman, the movie many fans are holding out as the DCEU’s last best hope for relevance. Let’s face it, DC’s films haven’t been all that great so far. That said, there’s reason to be hopeful about Wonder Woman. First of all, she had the best (only good?) scene in Batman v. Superman. Second, every trailer so far has looked really cool. Now, we can add another reason to the list. Director Patty Jenkins (Monster… oh yeah, that’s another reason) confirmed that boxer Ann Wolfe will appear in the film. She’ll be playing Artemis. The legend @AnnWolfeBoxing is our Artemis!! Who else should be one of the greatest warrior Amazons, but the best female boxer in history. https://t.co/RfQAF2YnxY— Patty Jenkins (@PattyJenks) March 12, 2017Artemis is the toughest warrior of the Amazons. Over her long comics history, she has been both an enemy and friend to Diana. She even took on the Wonder Woman costume herself at one point. Wolfe is considered the toughest, hardest-hitting athlete in women’s boxing. Jenkins isn’t kidding when she calls her the best female boxer in history.  Having her play Artemis seems like perfect casting. You can catch a glimpse of her in the latest trailer.In other casting news, it seems Harrison Ford isn’t the only one returning for Ridley Scott and Denis Villeneuve’s Blade Runner sequel. During an interview with The TRENDTalk Show, Edward James Olmos revealed that he’ll reprise his role as Gaff in Blade Runner 2049. Previously, stories went around that he wouldn’t appear in the film, but that’s because everyone involved signed a “seven-page nondisclosure conference.”“I couldn’t talk about it. I couldn’t talk about it to anybody,” Olmos said. “Guess what? This is the first time that I’m telling the whole world that yes, I am going to be Gaff in Blade Runner 2049.”Olmos went on to compare his role in the new movie to the one he has in the original. In the new movie, Ryan Gosling plays Officer K, who’s tracking down old replicants, including Deckard? His investigation, much like Deckard’s did, leads him to Gaff. Just not as many times.“That time, I only had four scenes. In this, I only have one. But again, it’s a poignant little scene,” Olmos said. That certainly sounds promising.Edward James Olmos in Blade Runner. (Photo: Screenshot via YouTube/Warner Bros.)Hey, speaking of digging up and rebooting the great movies of your youth… The Matrix! They’re rebooting it. Why? Because hey, people sure like the first one. Do you like cinematic universes? Doesn’t matter, we’re getting one. It’s working out so well for Warner Bros.’ DC movies, after all. Check out Jordan Minor’s story for more information and advice on what you should do instead of watching whatever this turns out to be.Finally, lets close out with some good movie news. Remember The Babadoook? That visually stylish and absolutely terrifying horror movie from 2014? Director Jennifer Kent has begun work on her second film, The Nightingale, according to Deadline. The Nightingale is a period thriller set in 1825 Tasmania. This time, it sounds like Kent is abandoning the supernatural in favor of a more human horror.The film will center on an Irish convict whose family is murdered by a soldier and his men. The men aren’t punished, so she joins up with an Aboriginal man as her guide to track the soldiers through the wilderness. Tracking down and murdering corrupt soldiers in the Tasmanian wilderness sounds like a great recipe for a horror film. If the visual design is anywhere near what The Babadook‘s was, we’re in for a truly scary treat when the film comes out later this year.last_img read more