IBM’s Second Home, Half a World Away

first_imgIBM dominated the early decades of computing with inventions such as the mainframe and the diskette. Its offices and factories, stretching from upstate New York to Silicon Valley, were hubs of U.S. innovation long before Microsoft or Google came along.But over the past decade, IBM has shifted its center of gravity halfway around the world to India, making it a high-tech example of the globalization trends that the Trump administration has railed against.The company employs 130,000 people in India — about one-third of its total workforce, and more than in any other country. Their work spans the gamut of IBM’s businesses, from managing the computing needs of global giants like AT&T and Shell to performing cutting-edge research in fields such as visual search, artificial intelligence and computer vision for self-driving cars. One team is even working with the producers of “Sesame Street” to teach vocabulary to kindergartners in Atlanta.“IBM India, in the truest sense, is a microcosm of the IBM company,” Vanitha Narayanan, chairman of the company’s Indian operations, said in an interview at IBM’s main campus in Bangalore, where the office towers are named after U.S. golf courses like Peachtree and Pebble Beach.People wait in the reception area at a Manipal Hospital, a chain working with IBM to develop the Watson artificial intelligence platform for use in diagnosing and treating cancers, in Bangalore. Photo: Philippe Calia/The New York TimesThe work in India has been vital to keeping down costs at IBM, which has posted 21 consecutive quarters of revenue declines as it has struggled to refashion its main business of supplying tech services to corporations and governments.The tech industry has been shifting jobs overseas for decades, and other big U.S. companies like Oracle and Dell also employ a majority of their workers outside the United States.But IBM is unusual because it employs more people in a single foreign country than it does at home. The company’s employment in India has nearly doubled since 2007, even as its workforce in the United States has shrunk through waves of layoffs and buyouts. Although IBM refuses to disclose exact numbers, outsiders estimate that it employs well under 100,000 people at its U.S. offices, down from 130,000 in 2007. Depending on the job, the salaries paid to Indian workers are one-half to one-fifth of those paid to Americans, according to data posted by the research firm Glassdoor.Ronil Hira, an associate professor of public policy at Howard University who studies globalization and immigration, said the range of work done by IBM in India shows that offshoring threatens even the best-paying U.S. tech jobs.“The elites in both parties have had this Apple iPhone narrative, which is, look, it’s OK if we offshore the lower-level stuff because we’re just going to move up,” he said. “This is a wake-up call. It’s not just low-level jobs but high-level jobs that are leaving.”While other technology titans have also established huge satellite campuses in India, IBM has caught the attention of President Donald Trump. At a campaign rally in Minneapolis just before the November election, he accused the company of laying off 500 Minnesotans and moving their jobs to India and other countries, a claim IBM denied.Although he has not singled out the company for criticism since, Trump has tried to curb what he viewed as too many foreigners taking tech jobs from Americans. In April, he signed an executive order discouraging the granting of H-1B temporary work visas for lower-paid tech workers, most of whom come from India. IBM was the sixth-largest recipient of such visas in 2016, according to federal data.The IBM offices at the Manyata Tech Park in Bangalore. Photo: Philippe Calia/The New York TimesIBM, which is based in Armonk, New York, is sensitive to the perception that Americans are losing jobs to Indians. After Trump won the election, IBM’s chief executive, Ginni Rometty, pledged to create 25,000 new U.S. jobs. Rometty, who helped carry out the Indian expansion strategy when she was the head of IBM’s global services division, also has discussed with the new administration plans to modernize government technology and expand tech training for people without four-year college degrees. She also joined one of Trump’s now-defunct business advisory councils.IBM declined to make Rometty or another top executive available for an interview. But the company noted that it is investing in the United States, including committing $1 billion to training programs and opening new offices.Narayanan, who spent 12 years working at IBM in the United States and China before moving to India in 2009, said the company decided where to put jobs based on where it could find enough qualified workers and the customer’s budget. “It’s not as if someone says, ‘Oh, jeez, let me just take these jobs from here and put them there,’” she said.William Lazonick, a professor of economics at the University of Massachusetts, Lowell, who has studied the globalization of business, said IBM and other tech companies had benefited greatly from the emergence of a low-cost, technically skilled English-speaking workforce in India.“IBM didn’t create this,” he said. “But IBM would be a totally different company if it wasn’t for India.”IBM, which opened its first Indian offices in Mumbai and Delhi in 1951, is spread across the country, including Bangalore, Pune, Kolkata, Hyderabad and Chennai.Most of the Indian employees work in IBM’s core business: helping companies like AT&T and Airbus manage the technical sides of their operations. Indians perform consulting services, write software and monitor cloud-based computer systems for many of the world’s banks, phone companies and governments.But researchers here also try out new ideas. Looking to build a new system for searching with images instead of words, a team in Bangalore turned to Watson to index 600,000 photos from the world’s top fashion shows and Bollywood movies. In spring, a major Indian fashion house, Falguni Shane Peacock, tried the tool, which helps designers avoid direct copies or even do a riff on an old look, and generated new patterns for three dresses.“It has the capability of doing research in a couple of seconds that would take a long time,” Shane Peacock, who runs the Mumbai firm with his wife, said in an interview.IBM even has a Bangalore “garage” full of app designers who build corporate iPhone and iPad apps to simplify tasks such as helping airline agents rebook passengers, bankers make loans and doctors update patient files.IBM India employees in the company’s offices at the Manyata Tech Park in Bangalore. Photo: Philippe Calia/The New York TimesDuring a recent visit, Ramya Karyampudi, a user experience designer, was at the whiteboard sketching out an app for a smart refrigerator that would solve the universal problem of what to make for dinner.Starting with a drawing of a husband trying to plan a surprise meal for his wife, Karyampudi depicted the internet-connected refrigerator looking at what food was inside, sending over relevant recipes, telling him what extra ingredients he needed to pick up, and playing a video showing him how to cook it all. IBM’s outsize presence in India is all the more striking given that it left the country entirely in 1978 after a dispute with the government about foreign ownership rules.IBM re-entered the country through a joint venture with Tata in 1993, initially intending to assemble and sell personal computers. IBM’s leaders soon decided that India’s potential was far bigger — both as a market and as a base from which to serve customers around the world. The company took full control of the venture, established an Indian branch of its famed research labs, and in 2004, landed a landmark 10-year, $750 million contract from Bharti Airtel, one of India’s biggest phone companies, which remains a major customer.IBM’s chief executive at the time, Samuel J. Palmisano, was so proud of his India initiative that he rented out the grounds of the Bangalore Palace in June 2006, flew out the board, and told a crowd of 10,000 that IBM would invest $6 billion in India over the next three years.India does not just deliver services to IBM’s global clients. It is also a crucial market and the center of IBM’s efforts to help businesses serve the next big slice of customers: the billions of poorer people who have been largely ignored by the tech revolution.For example, teams here have been applying IBM technology to process very small loans so that banks can make a profit on them.IBM has also been working with Manipal Hospitals, a chain based in Bangalore, to adapt Watson to help doctors treat certain cancers. Presented with a patient’s medical history, the system taps into a database that includes advice from doctors at Memorial Sloan Kettering Cancer Center in New York to recommend the best treatments — including the price, a big consideration since most Indians lack health insurance.Dr. Ajay Bakshi, Manipal’s chief executive, said the biggest potential for the technology was in rural hospitals with few doctors. Manipal has just begun offering online “second opinions” from Watson for 2000 rupees, or about $31. “It never sleeps. It never forgets. It doesn’t get biased,” he said.IBM executives say projects like these represent the company’s future. “I am looking for India to be my hub for affordable innovation,” Narayanan said.© New York Times 2017 Related Itemslast_img read more

Concussion- what to ask your doctor- child

first_imgDefinitionYour child has a mild brain injury (concussion). Thiscan affect how your child?s brain works for a while. Your child may have lost consciousness for a while. Your child also may have a bad headache.Below are some questions you may want to ask your doctor or nurse to help you take care of your childs concussion.Alternate NamesWhat to ask your doctor about concussion – child; Brain injury – mild – what to ask your doctor – childQuestionsWhat type of symptoms or problems will my child have?Will my child have problems thinking or remembering?How long will these problems last?Will all the symptoms and problems go away?Does someone need to stay with my child?How long does someone need to stay?Is it okay for my child to go to sleep?Does my child need to be awakened while sleeping?What type of activity can my child do?Does my child need to stay in bed or lie down?Can my child play around the house?When can my child begin to exercise?When can my child do contact sports such asfootball and soccer?When can my child go skiing or snowboarding?Does my child need to wear a helmet?How can I prevent head injuries in the future?Does my child have the right kind of car seat?In what sports should my child always wear a helmet?Are there sports my child should never play?What can I to make my home safer?When can my child go back to school?advertisementAre my child?s teachers the only school people I should tell about my child?s concussion?Can my child stay for a full day?Will my child need to rest during the day?Can my child take part inrecess and gym class?How will the concussion affect my childs schoolwork?What drugs can my child use for any pain or headache? Are ibuprofen (Advil, Motrin), naproxen (Aleve, Naprosyn), or other similar drugs okay?Is it okay for my child to eat? Will my child have an upsetstomach?Do I need a follow-up appointment?When should I call the doctor?Review Date:11/12/2012Reviewed By:Neil K. Kaneshiro, MD, MHA, Clinical Assistant Professor of Pediatrics, University of Washington School of Medicine. Also reviewed by A.D.A.M. Health Solutions, Ebix, Inc., Editorial Team: David Zieve, MD, MHA, David R. Eltz, Stephanie Slon, and Nissi Wang.last_img read more

Ricky Donison, Shahan Ali light up JK Tyre Max Karting Championship

first_imgThe 13th JK Tyre-FMSCI National Rotax Max Karting Championship came to a dazzling end on Monday as Go-Karting superstars Ricky Donison, Shahan Ali Mohsin and Manav Sharma clinched the titles in their respective categories at the Mohite Racing Academy on Sunday. (Dummy’s guide to JK Tyre Go-Karting Championship)Nobody could come close to BPC Racing’s Donison and he produced yet another dominant performance in the fifth and final round to defend his Senior Max title which also completed his hat-trick of titles. What’s even more amazing is that Donison has grabbed pole position in all the 14 karting races he has competed so far in his outstanding career, winning as many as 12 out of them to underline his superiority in this brand of racing.When he lined up for the finals in front of an enthusiastic and packed circuit he knew that it could be anybody’s race. He started from pole once again but was still on 358 points, one point behind championship leader Vishnu Prasad. One small mistake or a hint of nerves could have easily upset his winning streak.But thankfully the 18-year-old had all the bases covered. Donison stormed ahead of the field in the first lap itself and clocked the fastest lap in the fifth at 51.717 seconds; he started to build the gap from there on to clinch the 20-lap race with a solid five seconds to spare. Donison ended up with 413 points, leaving the rest to fight for the crumbs.Mumbai’s Nayan Chatterjee, Vishnu Prasad (both representing Meco Racing) and Dhruv Mohite (Mohite’s Racing) were locked in a fierce battle behind him, overtaking each other in virtually every lap. Just when it seemed like it would go all the way to the wire, it imploded for Vishnu and Dhruv, the duo touched tyres and the latter went off the track as both went out of contention for the second place.advertisementChatterjee took advantage of the crash to clinch the second spot on the podium in the fifth and final round. But that was good enough for only a third-place finish in the championship with 397 points. Vishnu finished fourth to emerge the overall vice-champion with 408 points.Meco Racing’s wonderkid Shahan Ali was equally unstoppable in the Micro Max category. The Asian champion underlined his prodigious talent by comfortably winning the championship for the third time in succession. He collected 86 points on Sunday, finishing first in the pre-final and second in the final, for an aggregate of 434 points.That was a clear 25 points ahead of second-placed Ruhaan Alva of Birel Art, who came up with a stunning last race to take the final round. But Shahan, who is based in Agra, had already put the championship beyond everybody’s reach by winning the pre-final in the morning and piling up an unassailable lead.In the Junior Max, Faridabad’s Manav Sharma (BPC Racing) timed his move to perfection, winning both the pre-finals and finals to grab the title. Starting just six points ahead of the field, he knew that he couldn’t afford to make the mistakes. And he didn’t. He finished with 423 points, comfortably ahead of Yash Aradhya (Meco) who ran out of luck on the day that mattered.Yash was penalised 10 places in the morning round to finish last while in the afternoon he had to settle for the fourth place. Chirag Ghorpade (BPC) who started the day on pole and looked like the youngster to beat on Saturday, could only manage 82 points on Sunday for a total of 399 points, good enough for the third place in the championship.MICRO MAXPre-final (12 laps): 1. Shahan Ali (11:36.816); 2. Ruhaan Alva (11:38.401); 3. Aadityansh 3 (11:40.703)Final (15 laps): 1. Ruhaan Alva (14:27.957); 2. Shahan Ali (14:31.601); 3. Arjun Nair (14:41.441)JUNIOR MAXPre-final (15 laps): 1. Manav Sharma (13:13.289); 2. Jonathan Kuriakose (13:15.484); 3. Pradyumna Daingond (13:16.062)Final (18 laps): 1. Manav Sharma (15:49.649); 2. Chirag Ghorpade (15:49.865); 3. Jonathan Kuriakose (15:51.975)SENIOR MAXPre-final (18 laps): 1. Ricky Donison (15:34.800);  2 Dhruv Mohite (15:44.691);  3. Nayan Chatterjee (15:44.717)last_img read more

Wasim Jaffer creates Asian record with double century in Ranji Trophy quarter-final

first_imgWasim Jaffer is aging like fine wine. The India batsman, who is the highest run-getter in the Ranji Trophy history, has been in fine scoring form in the ongoing season of the premier domestic tournament.On Thursday, Wasim Jaffer became the first Indian and the first Asian batsman to score two double centuries after turning 40 in first-class cricket. The 40-year-old slammed a double hundred in the Ranji Trophy quarter-final for Vidarbha against Uttarakhand in Nagpur on Thursday.Jaffer scored 206 runs from 296 balls and stitched a 304-run stand for the second wicket with centurion Sanjay Ramasamy to help Vidarbha take the crucial first-innings lead against Uttarakhand, who had posted 355 in their first innings.Wasim Jaffer 200* – Vidarbha vs Uttarakhand @ Nagpur #RanjiTrophy 2018-19 QFHis ninth 200+ fc score, incl two 300+ scores!314* for Mumbai218 for India A267 for Mumbai212 for India202 for India256 for Mumbai301 for Mumbai286 for Vidarbha200* for Vidarbha#VidvUttMohandas Menon (@mohanstatsman) January 17, 2019Following Jaffer’s departure, wicketkeeper-batsman Akshay Wadkar and Aditya Sarwate joined hands to add to Uttarakhand’s woes. While the former had remained unbeaten on 65, the latter was unbeaten on 26 as Vidarbha reached 486 for 5 at tea, stretching their lead to 131, on Day 3 of the quarter-final.Notably, Jaffer had scored his first double century (286) after turning 40 during the 2017-18 season of Ranji Trophy in a drawn match against Rest of India in Nagpur.Thursday’s 206 was also the ninth time Jaffer had went past the 200-run mark in first-class cricket. He also has two triple centuries against his name at the domestic level.Jaffer, who last played for India in 2008, is nearing a tally of 1000 runs in the ongoing season of Ranji Trophy. The Vidarbha No. 3 has scored 969 runs, including four hundreds and a two half-centuries, at an average of 80.75 from nine matches so far.Jaffer, who has scored more than 10,000 runs in the Ranji Trophy, made the switch from Mumbai to Vidarbha ahead of the 2015-16 season. The veteran opener has been one of the key players for Vidarbha over the years and played a key role in helping them to their first-ever Ranji Trophy title in 2017-18.advertisementAlso Read | Hardik Pandya brings in crucial balance to Team India: Shikhar DhawanAlso Read | India vs Australia: MS Dhoni gives us a lot of confidence, says Shikhar DhawanAlso Read | Dhoni, Shaw and Bencic with Federer shine in #10YearChallengeAlso See:last_img read more

Never like seeing that, says Pat Cummins after flooring Karunaratne with a bouncer

first_imgAustralia’s Pat Cummins breathed a sigh of relief after hearing Dimuth Karunaratne was not in any danger after one of his vicious bouncers struck the Sri Lanka batsman on the back of the neck and left him crumpled in a heap at Manuka Oval on Saturday.The 30-year-old opener slumped onto his back after being struck, prompting a hush to descend on the picturesque ground, which only moments before had been buzzing with horn-blowing, dancing Sri Lankan supporters.The incident brought back painful memories of the fatal blow that struck Australian Phillip Hughes in 2014 and the concern among both sets of players was palpable.Cummins was left to look on anxiously as the Australian side assembled near the pitch to watch the medical team attend to Karunaratne, who was stretchered off the ground and taken to hospital in a neck brace.pic.twitter.com/bxVvpbKBFRMr Gentleman (@183_264) February 2, 2019″It’s never a nice feeling seeing someone go down like that,” Cummins told the host broadcaster after the end of the day’s play. “The good thing was he looked like he was moving his hands and the physio said he seemed all right when he left.”I wish him all the best and hopefully he’s doing all right. You never like seeing that. It’s just one of those things that happens in cricket. Whether its your team mate, another team mate, you just hope they’re OK.”Sri Lanka coach Chandika Hathurusingha later had good news about the batsman’s condition, saying he had never lost consciousness and that he was in good spirits while he was being assessed at the hospital.advertisementUPDATE: Dimuth Karunaratne has been discharged from Canberra hospital following assessment and all cleared. A further update will be provided on hisplaying status tomorrow prior to play. MORE: https://t.co/Xhc2Xk6vGe pic.twitter.com/wYsMwqv5Kxcricket.com.au (@cricketcomau) February 2, 2019Kurtis Patterson, Australia’s centurion from Saturday, hoped Karunaratne would be back at the batting crease on the third day of the test on Sunday.”All of us were in a little bit of shock but I think everyone’s okay which is good. Hoping he’s okay to bat again tomorrow,” Patterson added.The crowd gave a standing ovation to Karunaratne, who was forced to retire hurt on 46, and continued clapping until he was driven off the field in a buggy.The incident appeared to rattle Sri Lanka, who went from 90 without loss to 120-3.”Not quite sure but we lost couple of wickets so definitely it was bit of a distraction at that moment,” Hathurusingha told reporters. “We were going well at 90 for no wicket and they were batting well.”The tourists trail Australia by 411 runs and must win the match to draw the two-test series after the hosts won the opener at Brisbane.Also Read | 2nd Test: Patterson maiden hundred, Burns 180 put Australia in driver’s seat vs Sri LankaAlso Read | Australia vs Sri Lanka 2nd Test, Day 2 in Canberra: As it happenedlast_img read more

Didn’t think I could produce an innings like that: Eoin Morgan after six-laden 148 vs Afghanistan

first_imgEngland captain Eoin Morgan surprised himself after his destructive knock against Afghanistan in the World Cup 2019 match in Manchester on Tuesday.Morgan entertained the fans with a 71-ball 148 which included a world record 17 sixes as England posted 397 for 6 on the board after opting to bat first. England bowlers then responded by restricted Afghanistan to 247 for 8 in 50 overs to win the match by 150 runs, their biggest win in the World Cup in terms of runs since 1975.Hashmatullah Shahidi (76), Asghar Afghan (44) and Rahmat Shah (46) helped Afghanistan to their highest total in the World Cup but they stay rooted to the bottom of the points table, which England now head after their fourth victory.The match itself saw batsmen from both teams hitting 33 sixes in total, a world record in a World Cup game. Morgan was responsible for majority of those big hits and all this despite suffering from a back injury in the last game.”Today was a fantastic day for us, and I managed to have a day out, which was great,. The wicket was good, we bowled well in the first ten overs, our openers batted really. A good day all round.”I didn’t think it was going to be my day. Hobbling around with a bad back, didn’t think I’d produce an innings like that. Makes it a bit more special when i can compete with the youngsters in the side. It was nice,” Morgan said after being adjudged man-of-the-match.”I think I have changed, everybody plays the shots I started my career with, so that they’re not as effective. I’m probably stronger down the ground now than I ever have been,” Morgan said.advertisementAll smiles for @englandcricket who move top of the table after a crushing victory over Afghanistan #WeAreEngland #CWC19 pic.twitter.com/IpmrmKJuH6ICC (@ICC) June 18, 2019Morgan had brought up his century off 57 balls which was the fourth fastest in a World Cup match after Ireland’s Kevin O’Brien (50 balls vs England in 2011), Australia’s Glenn Maxwell (51 balls vs Sri Lanka in 2015) and South Africa’s AB de Villiers (55 balls vs West Indies in 2015).Morgan was superbly assisted by Joe Root in the 189-run partnership for the third wicket during which Root made 88 runs off 82 balls. Before that Root was involved in a 120-run stand for the second wicket with Jonny Bairstow, who scored 90 off 99 balls.148 runs71 balls4 fours17 SIXESThere are no suprises here #EoinMorgan is the Player of the Match for #ENGvAFG. #CWC19 | #WeAreEngland pic.twitter.com/PWep0RpJAyCricket World Cup (@cricketworldcup) June 18, 2019As a team, England also bettered their own world record of the most sixes hit in an innings with 25 sixes in total. This was also their highest score in a World Cup match.”The wicket was very good. I thought everything from the way we started – our openers started well. Bairstow and Root were excellent, and then we just took a gamble and it paid off. The next two-three games are pretty crucial. Want to bring that level of intensity in every game we play. Don’t want to slack off,” Morgan said.England will face Sri Lanka in their next match on June 21 in Leeds while Afghanistan will take on India on June 22 in Southampton.Also Read | World Cup 2019: Eoin Morgan sixathon helps England crush AfghanistanAlso Read | England vs Afghanistan Highlights, ICC World Cup 2019Also Read | World Cup 2019: Pitch invader knocks off zing bails during England vs Afghanistan matchAlso Read | Most expensive spell in a World Cup: Rashid Khan goes for 110 runs off 9 overslast_img read more

Roger Federer beats Stefanos Tsitsipas in Dubai Championships final to win 100th ATP title

first_img Reuters DubaiMarch 2, 2019UPDATED: March 2, 2019 22:58 IST Dubai Duty Free Tennis Championships: Roger Federer won his 8th title in Dubai. (Reuters Photo)HIGHLIGHTSRoger Federer beat Stefanos Tsitsipas to win his 8th title in DubaiTsitsipas had defeated Federer in the Australian Open earlier this yearFederer is only the second player to win 100 or more ATP titlesRoger Federer claimed the 100th ATP title of his career by beating 20-year-old Greek Stefanos Tsitsipas 6-4 6-4 in the final of the Dubai Duty Free Tennis Championships on Saturday.The 20-times Grand Slam champion became the second man in the Open Era to claim 100 titles after American Jimmy Connors who won 109.Swiss Federer also avenged his shock defeat by Tsitsipas in the Australian Open fourth round in January.”I’m delighted. It’s great to win my eighth here in Dubai and in combination with my 100th singles title,” Federer said.”Tough conditions and tough opponents. To win in Marseille and then come here was difficult for Stefanos.”Federer, who had been stuck on 99 titles since triumphing at his hometown Basel tournament in October, broke Tsitsipas in the first game of the match and saved two break points at 5-4 to claim the first set in 36 minutes.Tsitsipas, who will break into the top 10 for the first time on Monday, held firm up to 4-4 in the second set before the 37-year-old Federer switched gears to seal the decisive break and close out the victory.”I don’t know if Stefanos was born when I won my first title,” Federer joked.”It’s a privilege (to play against potential champions) because I’ll be watching them on TV. It was a treat to play Pete Sampras and Andre Agassi. I’m sure Stefanos will have a wonderful career.”Tennis is in good hands regardless if I’m there or not.”For sports news, updates, live scores and cricket fixtures, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for Sports 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 Tags :Follow Roger FedererFollow Stefanos TsitsipasFollow Dubai Duty Free Tennis Championships Next Roger Federer beats Stefanos Tsitsipas in Dubai Championships final to win 100th ATP titleDubai Duty Free Tennis Championships: Roger Federer won the 100th ATP title of his career on Saturday with a 6-4, 6-4 win over Stefanos Tsitsipas.advertisementlast_img read more

Rickmers Maritime Finally Wound Up

first_imgzoom Rickmers Trust Management, a trustee-manager of Rickmers Maritime, informed that the trust has been wound up.As the winding up of the trust has been completed, the units of the trust and the notes will no longer exist. Accordingly, the notes will also be delisted from the Singapore Exchange Securities Trading Limited (SGXST) with effect from 9:00 a.m. on August 30, 2017.The final distribution to the unsecured creditors of the trust was completed on August 15, 2017. The equivalent payments, representing a recovery of about 12.1% to all unsecured creditors of the trust, have been made.There will be no further distributions or payments, cash or otherwise, to the unsecured creditors of the trust, including the holders of the SGD 100 million 8.45 percent notes due 2017. The outstanding amount due on the notes has been paid to the notes trustee, DB International Trust (Singapore) Pte Limited. This represents the final payment on the outstanding notes to the notes holders and the trust has been wound up as of August 16, 2017, Rickmers said.The notes trustee will be making arrangements with CDP to credit the relevant distribution amount to each note holder based on the records of CDP.In April this year, Rickmers Trust Management submitted an application to the SGXST for the delisting approval. The company was forced to delist due to its inability to make a reasonable exit offer to unitholders. Further reasons included no prospects of a corporate rescue and the failed restructuring attempts.last_img read more

Le gouvernement provincial lance des appels doffres pour la technologie en classe

first_imgLe gouvernement provincial donne la priorité aux enfants et à l’apprentissage en offrant des ressources technologiques uniformes et rentables dans les salles de classe. Des appels d’offres ont été publiés pour toute une gamme de ressources technologiques, notamment des ordinateurs de bureau, des ordinateurs portables, des miniportables, des serveurs, des imprimantes, des scanneurs, de l’équipement de studio, des appareils GPS, etc. « Nos enfants méritent d’avoir la chance se préparer pour toutes les situations qui surviendront dans le monde d’aujourd’hui, à la fois pendant leurs études et leur carrière, a dit Ramona Jennex, ministre de l’Éducation. Le personnel des conseils scolaires et du ministère a travaillé en étroite collaboration pour offrir aux élèves les outils dont ils ont besoin pour réussir. » Le gouvernement provincial fait l’acquisition de ressources technologiques par un processus d’appel d’offres afin d’obtenir une ristourne et un meilleur soutien technique. « Nous nous réjouissons des ententes provinciales d’achat parce qu’elles permettent l’acquisition d’équipement normalisé ayant des capacités bilingues pour les élèves et le personnel francophones et anglophones, a dit Ginette Comeau-Gaudette, conseillère en informatique, Conseil scolaire acadien provincial. Les appels d’offres font en sorte que nos élèves reçoivent des ressources à la fine pointe de la technologie. » Les appels d’offres sont basés sur les programmes d’études et touchent les ressources technologiques nécessaires pour tous les projets à l’échelle de la province, de la maternelle à la 12e année. En plus de la mise à niveau des ressources, les appels d’offres incluent la construction de nouvelles écoles et les achats locaux pour l’enseignement et l’apprentissage. Les spécifications sont créées en collaboration avec les conseils scolaires par l’entremise des superviseurs en technologie dans les conseils scolaires, surnommés RoBoTS (Regional Board Technology Supervisors). La Division des services de technologie et des ressources d’apprentissage du ministère de l’Éducation travaille ensuite avec les RBTS pour évaluer les soumissions. Pour voir la liste des appels d’offres, consultez le www.gov.ns.ca/tenders (en anglais seulement).last_img read more

Facebook stock climbs after rocky start with IPO company faces shareholder lawsuit

Facebook stock climbs after rocky start with IPO, company faces shareholder lawsuit by News Staff Posted May 23, 2012 12:40 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email NEW YORK, N.Y. – Facebook’s stock is climbing higher, a reprieve for shareholders after the stock’s rocky inaugural trading day Friday was followed by a two-day decline.Facebook Inc.’s stock is up US$1.03, or 3.3 per cent, to US$32.03.That’s still nearly 16 per cent below the initial public offering price of $38. Meanwhile, a group of shareholders have filed a lawsuit against Facebook, its executives and Morgan Stanley, the IPO’s lead underwriter.The suit, filed in U.S. District Court in New York, claims the company’s IPO documents contained untrue statements and omitted important facts, such as a “severe reduction in revenue growth” that Facebook was experiencing at the time of the offering.The suit’s three plaintiffs claim they were damaged.In a statement, Facebook said the lawsuit is without merit. Morgan Stanley declined to comment. read more

Livin and Lovin the Small Town Life in Orangeville

Orangeville’s annual city celebration brought together four days revolving around the main theme: Livin’ and Lovin’ the Small Town Life.The festivities began on Wednesday evening with a family fun pool night and ice cream social at the Emery County Aquatic Center. Thursday evening brought entertainment from the Straight Canyon Band while members of the community enjoyed a lamb fry and pie auction at the park.Friday highlighted local youth during a bike parade and rodeo. Members of the community were then invited to enjoy a movie in the park.The fun began bright and early on Saturday with a 5K. Participants were then invited to refuel, joining members of the community for breakfast in the park. The annual parade brought crowds before attendees moved to the park for games. An ATV poker run and fireworks rounded out the celebration.This year’s citizen spotlight and grand marshal was in memory of Dan Cox, who passed away earlier this year. Cox worked for Nielson Construction for over 40 years, where he earned his nickname “Digger Dan.” He also ran Cox Sawmill throughout his life.“Dan loved being a cowboy and was very well known for his exciting rides with family and friends on the San Rafael Desert,” Orangeville City shared. “Dan’s other love in life was being in Joe’s Valley. Whether it was riding and blazing his own trails on horseback, to logging falling trees to bring down the mountain, to just camping at the Yellow Rose and being with all those Dan loved and enjoyed.”Cox became famous for his wake up calls on the 24th of July, which became a tradition for Orangeville Days.“We are so grateful for the influence of Dan in our lives and our community,” the city concluded. Photos by Julie Johansen Photo courtesy of Orangeville City Photo courtesy of Orangeville City Photo courtesy of Orangeville City Photo courtesy of Orangeville City read more

Kati wins environmental award at EuroMining

first_imgThe international mining technology trade fair EuroMining 2013 was held in Tampere on September 11 and 12. This, the first ever EuroMining trade fair had 191 exhibitors from 11 countries. The event attracted a total of 3,874 visitors – including John Chadwick from International Mining. The EuroMining trade fair was opened by Mari Pantsar-Kallio, Strategic Director of the Ministry of Employment and the Economy, who also presented the first ever Environmental Contribution of the Year award as part of the opening seminar. This new award was given to drilling contractor Oy Kati Ab Kalajoki . The award was accepted by Kati’s Business Manager Matti Rautakoski.“We have invested in environmentally friendly activities for over ten years. We see this award not only as an acknowledgement of our work, but also as an incentive to continue with what we are doing. Our company’s core values include respecting the environment and developing our operations so that the environmental impact is minimal. Our main service is diamond drilling which means drilling rock samples from the bedrock, often in the middle of unspoiled nature, in swamps and forests. Working in the middle of the wilderness requires an ability to assess your activities critically and the willingness to invest in continuous development work. We want to do our part in strengthening the mining industry as an industry where the interest of the environment is a high priority,” said Rautakoski.Kati has been operating in the field of mining and mineral exploration for over 30 years. Its main service is diamond drilling which can produce rock samples from a depth of 2,000 m. The ISO 14001 environmental management system was certified ten years ago and it has been an important tool in developing the company’s operations according to the principles of sustainable development. The jury said that the certification of Kati’s environmental management system as the first drilling contractor in the Nordic region, the personnel’s commitment to environmental values and the efficient drilling equipment developed within the company decided the recipient of the award. As one of the outcomes of the company’s development work, the jury mentioned Kati’s closed-cycle system which is suitable for Nordic conditions and which enables the reduction of water consumption in the drilling process and leaves fewer traces in the environment.last_img read more

Irish Water says staffing numbers will reduce over time

first_imgGiven the demographics within the Local Authority sector with over 50% of workers aged over 50, it can be expected that there will be significant natural attrition over the coming years. IRISH WATER HAS said that the number of staff working in the Irish water sector, currently 4,300, will “reduce over time” in what they describe as a  ”natural attrition” in staffing levels over the next number of years.Following Professor John Fitzgerald of the ESRI stating today that the overspend on staff in Irish Water will add to the cost of water for Irish households and businesses, Irish Water said in a statement that the number of over 4,000 “is intrinsically linked to the levels of investment within the sector in automation, rationalisation and infrastructure and operational upgrades”.Fitzgerald said that overstaffing at Irish Water could end up costing €2 billion.The statement went on to say: Irish Water added that the provision for voluntary redundancy schemes will also be made.They said that the Service Level Agreements put in place in late 2013 will run until 2025 and will ensure that that Irish Water and the Local Authorities work collaboratively towards continuous improvement in the quality of water services and the delivery of operational efficiencies in the system.The statement said that this will be reviewed annually to ensure that they are delivering savings against specific targets and performance measures.They wanted to stress that the creation of a single national water utility will drive significant savings through asset management and operational improvements to the water system.Green Party leader Eamon Ryan today compared Irish Water to the HSE following today’s revelations.Related: Irish Water compared to HSE as expert says €2bn wasted on overstaffing>last_img read more

Ministry gets real tough on those who owe tax

first_img Facebook Twitter: @NeosKosmos Instagram The tax office is told to seek out personal assets and launch criminal charges against those who don’t pay up. The Economy and Finance Ministry has told tax officials to sell off assets held by taxpayers owing money to the state or file criminal charges against them, as it desperately looks for ways to fill gaping fiscal holes.The Ministry has ordered the filing of legal actions against those who persistently refuse to pay their tax bill, despite opportunities to settle the amount, in a bid to gather 8 billion euros in budget revenues.The government estimates it is owed a total of 26 billion euros but only about 8 billion can be collected, since the remainder of the debt is owed by companies that have since gone bankrupt and government organizations that refuse to pay.“The initiation of legal procedures to secure the amounts owed will target those who had the opportunity to settle their debt but have continually refused to do so,” Deputy Economy and Finance Minister Antonis Bezas said in a letter sent to all tax offices last week.Tax inspectors have been told to pass the relevant files to debt collectors that are contracted by the ministry and to secure the money before the year is out.Greece’s dire financial situation forced Economy and Finance Minister Yiannis Papathanassiou last week to ask the European Commission for a two-year extension to lower the deficit to below 3 percent of GDP in exchange for a commitment to push through structural reforms.last_img read more

Danger des pesticides une campagne officielle visant les jardiniers amateurs

first_imgDanger des pesticides : une campagne officielle visant les jardiniers amateursPour la deuxième année consécutive, le ministère de l’Ecologie lance la campagne “Les pesticides, apprenons à nous en passer !”, destinée aux jardiniers amateurs et aux collectivités. “La prise de conscience de la toxicité des pesticides s’avère très faible chez les jardiniers amateurs, qui recherchent avant tout des produits efficaces”, constate le ministère de l’Ecologie. D’où le lancement, cette année encore, de la campagne “Les pesticides, apprenons à nous en passer !”, visant à informer des dangers que représentent ces produits pour la santé et l’environnement, et sur les solutions alternatives. Sa cible : les organismes gérant cimetières, voirie, parcs publics, terrains de sport ou aéroports, ainsi bien sûr que les particuliers amateurs de jardinage.À lire aussiJournée mondiale de l’environnement : Quelques astuces pour un mode de vie plus écolo au bureauParmi ces derniers, au nombre de 17 millions en France, et qui utilisent 5.000 tonnes environ de pesticides chaque année, 32% estiment que ces produits sont dangereux, tandis que 20% pensent qu’ils sont sans aucun danger.Pour cette campagne, qui s’inscrit dans le cadre du plan Ecophyto 2018 de réduction de 50% de l’usage de ces substances, l’Etat collabore avec les collectivités locales, les associations, les médias et les professionnels sur diverses initiatives, telles ce colloque prévu en mai à Montpellier sur le thème “Jardiner autrement, considérer le jardin comme un véritable écosystème”.Le 2 mars 2011 à 17:37 • Emmanuel Perrinlast_img read more

You Can Finally Watch Some Netflix Videos Offline

first_imgStay on target Considering how much battery watching Netflix on your smartphone or tablet consumes, I often see people catching up on shows on the subway–until we go underground and they have to turn it off.A Netflix offline downloads feature has been requested by subscribers for years (both Amazon Prime and YouTube Red have offline modes), and now it’s finally happening thanks to a new free update.The feature is easy to use. When online, you can hit a new download button next to, for example, an episode of a show you’re watching so you can watch it later without an internet connection.You don’t need an extra plan to use it. Offline downloads will be available to all plans and on Android and iOS devices. Customers can update their app now and as long as they’re on iOS 8.0 or later or Android 4.4.2 or later, they can begin downloading.Eddy Wu, Director of Product Innovation, wrote in a company blog post that a few titles are already available for download, including Netflix originals Orange is the New Black, Narcos, and The Crown, and popular series like Supernatural and The Flash, and more will be on the way soon. The app update includes a new menu that shows what’s available for download.Basically, Netflix has made it super easy to continue binge watching whatever the latest trending show is even when you’re, for example, on a plane for six hours and don’t want to pay for pricey WiFi.“While many members enjoy watching Netflix at home, we’ve often heard they also want to continue their Stranger Things binge while on airplanes and other places where Internet is expensive or limited,” Wong wrote.Watch the official announcement video below. ‘Seinfeld’ Is Coming to Netflix in 2021What to Stream on Netflix This Weekend center_img Airplane mode. Road trip mode. Stuck-in-the-subway-for-20-minutes mode. Your favorite stories are now available for download any time. pic.twitter.com/g7QZA3TyE8— Netflix US (@netflix) November 30, 2016last_img read more

Paul Pogba shows support for Napoli Koulibaly

first_imgManchester United midfielder Paul Pogba has revealed that the wristband he wore during the club’s 4-1 win over Bournemouth was in support of Kalidou Koulibaly.Koulibaly was subjected to racist chants and monkey noises during Napoli’s 1-0 loss to Inter Milan last week Sunday by the Nerazzurri supporters.The Napoli defender and his manager Carlo Ancelotti were furious by the actions of the home fans at the San Siro and Ancelotti asked for the match to be stopped twice.The Senegal international was sent off late in the game for a second yellow card offence after sarcastically applauding the decision of the referee to book for a foul on Inter’s Matteo Politano.Pogba wore a white wristband as he scored a brace in United’s win over the Cherries at Old Trafford on Sunday.The France international explained on his official Instagram account afterward that it was a gesture of support to Koulibaly.“Well done guys beautiful way to finish the year. (Plus) honour handband for (Koulibaly)- 2019 say NO to racism,” Pogba wrote.Meanwhile, Ancelotti has revealed that Napoli will simply leave the pitch if similar incidents arise again in the future.He said: “It’s a shame because twice we asked for the match to be suspended for the racist chanting towards Koulibaly.”“It shook him – he’s a good-mannered player and he was bombarded by the stadium. Despite our requests and the chanting, the game wasn’t suspended. I think it should have been. Next time we’ll stop playing ourselves.”last_img read more

Readers Digest Scoffs at Bankruptcy Speculation

first_imgHere is what really has happened. RDA has proactively hired respected law firmKirkland & Ellis, which advises companies on a vast array of corporatematters, as well as a top financial advisor, Miller Buckfire, to advise us on awide range of restructuring and financing issues. We want to have the bestadvisors as we navigate this incredibly difficult economy, and retainingcompanies like these ensures that we will be well prepared and well advised.They will assist the company in staying ahead of the problems in the market byexploring strategic initiatives, including (but not limited to) raising additionalcapital and easing our debt burden.In short, what it means is that we’re making sure we’re prepared, and that wehave the best plans and the best advice so we can be proactive in thisfast-changing environment and not find ourselves at a later date withdiminished options.Our 2nd quarter Fiscal 2009 earnings report, filed last month, showed that,while results were down versus last year, we continue to meet our debtcovenants and in no way are we in default under our financing arrangements. Also,CFO Tom Williams explained on our lenders call last week that the companyexpects to achieve $50 million in additional second-half Fiscal 2009 EBITDAfrom the cost savings associated with the Recession Plan and IT outsourcinginitiative. In many ways, our businesses are outperforming competitors and webelieve are better positioned than most to appeal to customers during a steeprecession. As an illustration, we continue to move forward aggressively withgrowth initiatives even as we tightly control cash and implement the RecessionPlan.For sure, this is a difficult time for us and will continue to be so in theshort term as we navigate through the recession headwinds and the resultingrevenue decreases across the globe. That said, we remain confident in ourbusiness plan for the company, our relationships with customers, our products,and, of course, the talent and resourcefulness of our management and employees.Mary BernerPresident and CEOThe Reader’s Digest Association, Inc. Following a reportlast week that the Reader’s Digest Association had hired law firm Kirkland & Ellis toexplore restructuring options, including a possible bankruptcy filing, RDA CEOMary Berner fired off a memo to clarify why the firm was hired. Here, viaMasthead Online, is the full memo:Asyou may have seen, Bloomberg News Service has widely distributed an articlereporting that RDA hired Kirkland & Ellis, a law firm that advises inbankruptcy cases and other forms of restructuring. Additional news outletspicked up the story and, unable to confirm it, added their own speculation.From this, starting with one unattributed source supposedly “familiar” with thesituation, some news articles jumped to conclusions that RDA is filing forbankruptcy.I want to assure you that this is not true.last_img read more

VIDEO Watch Wilmington Holiday Talent Show Featuring Senior Citizens  Students

first_imgWILMINGTON, MA — The Wilmington Senior Center’s 5th Annual “Wilmington Has Talent: Holiday Edition,” took place on Sunday, November 5 at Wilmington High.The event, organized under the direction of Wilmington senior Audrey Reed, featured holiday musical and dance acts from both Wilmington senior citizens and students.All proceeds from the show benefited the Senior Center’s Wilmington High School Scholarship Fund.Wilmington Community Television was on hand to capture the event. Watch the show below:—Video Playerhttps://objects-us-east-1.dream.io/wilmington/1/0/f/6/f/3/10f6f36f-53d9-40ea-8338-fd1058fdcf551543430255.702%2B48212954.745%40castus4-wilmington%2B15434434591543441225839279.vod.720p.20181128_Wilmington_Has_Talent.mov.mp4Media error: Format(s) not supported or source(s) not foundmejs.download-file: https://objects-us-east-1.dream.io/wilmington/1/0/f/6/f/3/10f6f36f-53d9-40ea-8338-fd1058fdcf551543430255.702%2B48212954.745%40castus4-wilmington%2B15434434591543441225839279.vod.720p.20181128_Wilmington_Has_Talent.mov.mp4?_=100:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.—Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Subscribe to Wilmington Apple’s daily email newsletter HERE.  Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedVIDEO: Watch Wilmington Senior Center’s Talent ShowIn “Videos”News & Notes From WCTV: Wildcat TV After School Club Starting At Wilmington High SchoolIn “Community”VIDEO: Watch Wilmington Senior Center’s Talent ShowIn “Videos”last_img read more