Uttar Pradesh Chief Minister Yogi Adityanath and his two deputies on Tuesday filed their nomination papers for the bypolls to the vacant legislative council seats.Two ministers, Mohsin Raza and Swatantradev Singh, too filed their nomination papers.Mr. Adityanath and Deputy Chief Ministers Keshav Prasad Maurya and Dinesh Sharma filed their nomination papers in the presence of their Cabinet colleagues and senior party leaders, including newly-appointed BJP state unit chief Mahendra Nath Pandey.According to the Election Commission, scrutiny would be done tomorrow, while the last date for the withdrawal of candidature is September 8. Polling would be held on September 15 and the counting of votes would be done the same day.Mr. Adityanath, who took over as the chief minister on March 19, had to become a legislator within six months of assuming office and that deadline expired on September 19.Similarly, Mr Maurya, Mr. Sharma, Mr. Raza and Mr. Singh were not members of either of the two Houses of the state legislature.All of them had to get elected to either the Assembly or the Legislative Council before September 19 in order to continue as ministers.Mr. Adityanath and Mr. Maurya are presently members of the Lok Sabha.Mr. Adityanath would become the third successive Chief Minister after Akhilesh Yadav (SP) and Mayawati (BSP) to opt for the Upper House.The four seats for which bypolls would be held on September 15 were vacated by MLCs Bukkal Nawab, Yashwant, Sarojini Agarwal and Ashok Bajpai who are all from the Samajwadi Party.Another seat fell vacant when Thakur Jaiveer Singh, a former BSP MLC, resigned from the party and joined the BJP.
India’s top central banker resigned Monday after tussling for months with Prime Minister Narendra Modi’s government over its desire to exert more control over the bank’s regulations and tap its reserves to increase government spending.The departure of the banker, Urjit Patel, came almost a year before his term was to end and sent India’s currency, the rupee, down nearly 2 percent. Concerns about a slowing economy and a sharp spike in oil prices had already caused India’s stock market to give up most of its gains for the year.“This will give a very bad signal to the Indian markets,” said Sebastian Morris, a professor of economics at the Indian Institute of Management in Ahmadabad. “It establishes beyond a doubt that Mr. Modi cannot get along with anyone with an independent mind.”Officially, Patel said he was resigning for “personal reasons.” And Modi posted a message of praise for the economist on Twitter, saying, “Dr. Urjit Patel is a thorough professional with impeccable integrity.”But tensions between the Reserve Bank of India, which Patel led, and the government had grown to the point that one of his deputies, Viral Acharya, gave a speech in October warning of the perils of too much government interference.“Governments that do not respect central bank independence will sooner or later incur the wrath of financial markets, ignite economic fire, and come to rue the day they undermined an important regulatory institution,” Acharya said then.Modi’s government had threatened to invoke an obscure legal provision to force the central bank to adopt certain policies.In particular, the government sought to soften the central bank’s rules for new lending by state-owned banks, which are struggling to manage their portfolios of previous bad loans.Modi had also sought a transfer of some of the central bank’s $132 billion in cash reserves to pump up government spending before elections next May, a measure the central bankers had resisted.The central bank has been criticized for micromanaging the country’s banks, forcing them to hold more capital than required by international standards, and adopting tough new rules without consultation. Those rules include a recent order that payments processors like Visa and Mastercard store all payment data involving Indians exclusively in India.Modi’s Bharatiya Janata Party won an overwhelming victory in national elections in 2014, but it has struggled to maintain its popularity amid a rocky economic record.Unhappy farmers recently marched on the capital in New Delhi and in Mumbai, the country’s financial center, to demand loan forgiveness and higher crop prices. Legions of small shopkeepers and manufacturers have complained about the paperwork involved in one of Modi’s signature policies, the imposition of a national goods and services tax.Modi’s other major economic policy, the sudden invalidation of paper money in November 2016, has been roundly criticized by economists as causing great disruption to India’s cash-based economy without providing any real benefits. Patel and the central bank were forced to manage the fallout of the move.On Tuesday, election officials will tally the votes in legislative elections in five states, providing an early indicator of Modi’s re-election prospects next year.Patel, whose term was to end next September, decided not to wait it out.“Patel swallowed a lot of bitter pills,” said Arun Kumar, an economics professor at the Institute of Social Sciences near New Delhi. “The pressure from the government was increasing.”c.2018 New York Times News Service Related Items
“We don’t mind a large decision on a big spectacle like this,” Bogdanovich said. “It gets people in our books.” WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding Vaccaro said his sports book stood to lose about $400,000 on a McGregor win, but that was balanced off a bit by a bettor who put $100,000 Wednesday night on Mayweather. His book also took an $880,000 bet on Mayweather earlier that would pay off just $160,000 if he wins.There have also been big Mayweather bets at the MGM Grand, including a $500,000 wager on Wednesday. MGM Resorts oddsmaker Jay Rood, though, said the sheer volume of McGregor bets is overwhelming the big Mayweather bet.Rood said his books have taken 6,700 bets on McGregor and only 300 on Mayweather. The average bet on McGregor is $125, while the average for Mayweather is $4,000.If McGregor wins, Rood said MGM will be a big loser and the state will suffer its biggest single event loss ever.“We’re all in the same boat,” Rood said. “Anything McGregor one to four rounds is pretty bad. Any McGregor knockout is not going to be good.”So far, the betting has been unusually active around town, bringing predictions that the volume could set records. Bookmakers say as the fight draws closer the heaviest influx of money will come, especially on Saturday.The news is not all bad for oddsmakers, who have struggled to make lines for a fight that has no precedent. Most believe Mayweather is an easy winner and should be favored by a much bigger margin, but have had to cut odds to try and balance their books.Though an overwhelming majority of the tickets are on McGregor, a lot of books have more money wagered on Mayweather. Since bookmakers will have to pay out a lot less to those betting Mayweather, they will likely score big if Mayweather wins as expected.“We’re just kind of going along balancing and are in great shape win on both sides, no matter who wins,” said Johnny Avello, oddsmaker at the Wynn resort. “A lot of guys are putting down $125,000 or so to win whatever on Mayweather so we’re high on him now.”Even if McGregor wins and the sports books lose big, all is not lost. Bettors like to be reminded they can win, and the extra betting on football generated by McGregor bettors at the books will help ease some of the pain. SEA Games: PH’s Alisson Perticheto tops ice skating short program Catriona Gray spends Thanksgiving by preparing meals for people with illnesses Don’t miss out on the latest news and information. LATEST STORIES MOST READ LIST: Class, gov’t work suspensions during 30th SEA Games Manny Pacquiao on Floyd Mayweather: Let him enjoy retirement PLAY LIST 00:44Manny Pacquiao on Floyd Mayweather: Let him enjoy retirement01:49Pacquiao to Mayweather: Want fans to stop asking for rematch? Then fight me again01:16Pacquiao takes another swipe at Mayweather over exhibition match KO01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games SEA Games in Calabarzon safe, secure – Solcom chief McGregor fans have flooded sports books with $100 bills backing the mixed martial arts fighter, and even a late surge of money on Mayweather might not be enough to balance the books.“I’m OK now,” said William Hill oddsmaker Nick Bogdanovich. “But you might want to have a heart monitor on me when the bell rings and Conor starts throwing wild lefts.”FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutBogdanovich said his chain of sports books will suffer multimillion dollar losses — their worst ever — should McGregor win the fight in any fashion. If he wins early as he has promised, the losses would be even worse.The big bettors are putting their money on Mayweather, who is 49-0 as a pro. But so many McGregor fans are betting small amounts that the betting slips at William Hill were 18-1 in the Irish fighter’s favor. LOOK: Venues for 2019 SEA Games “This isn’t professional money, just the regular Joe,” Bogdanovich said. “The butcher and the barber are putting their $100 on McGregor and it’s added up.”The action is reflected in the odds, which bookmakers adjust either way as money comes in on the two fighters. Bookmakers have been lowering the odds steadily since the fight was announced, but even that hasn’t stopped the deluge of McGregor bets.A fight that began with Mayweather an 11-1 favorite is now 5-1 or even less in some sports books. Even that hasn’t stopped McGregor supporters from lining up at the betting windows to hand over even more cash.They’re backing a longshot, hoping that the payoff will be huge.“There’s plenty of money on a guy who has never been in a boxing ring,” said Jimmy Vaccaro, oddsmaker at the South Point resort. “It’s uncharted waters and that’s what makes it so interesting.”ADVERTISEMENT Brace for potentially devastating typhoon approaching PH – NDRRMC PH football teams finish fourth in SEA Games Read Next UPLB exempted from SEA Games class suspension View comments Floyd Mayweather Jr., izquierda, y Conor McGregor posan para fotógrafos durante una conferencia de prensa el miércoles, 23 de agosto del 2017, en Las Vegas. (AP Foto/John Locher)LAS VEGAS — Conor McGregor is making a lot of wise guys nervous in this gambling city.Should he somehow manage to knock out Floyd Mayweather Jr. in the early rounds Saturday night, the city’s bookmakers would lose millions of dollars in the biggest single event loss in the history of sports betting.ADVERTISEMENT
Matt Nieto bloodied after collision with Ben Mbala View comments Panelo casts doubts on Robredo’s drug war ‘discoveries’ PLAY LIST 01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: 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 justice Kammuri turning to super typhoon less likely but possible — Pagasa Japan ex-PM Nakasone who boosted ties with US dies at 101 Read Next Melecio carried Green Archers with 24 points on 5-of-13 shooting from downtown, to go along with three assists and two rebounds, while Rivero had 10 markers and three boards in the losing cause.The scores:ATENEO 76 – Ravena 12, Ma. Nieto 11, Mi. Nieto 11, Asistio 10, Tolentino 9, Black 7, Verano 5, Go 5, Ikeh 4, Tio 2, Mamuyac 0, Mendoza 0, Porter 0DLSU 70 – Melecio 24, R. Rivero 10, Mbala 8, Tratter 7, Santillan 7, P. Rivero 7, Baltazar 4, Montalbo 3, Caracut 0, Go 0, Tero 0, Paraiso 0.Quarters: 26-14, 43-39, 60-58, 76-70. Photo by Tristan Tamayo/INQUIRER.netIsaac Go didn’t need to put up gaudy numbers to once again be the hero for Ateneo. He just had to be at the right place at the right time.The 6-foot-7 big man scored the deciding basket as Ateneo pulled off a gutsy 76-70 win over defending champion La Salle in Game 1 of the UAAP Season 80 men’s basketball Finals Saturday at Mall of Asia Arena.ADVERTISEMENT CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA Go made the undergoal stab off a bounce pass from Thirdy Ravena with only 10.4 seconds left to seal the Blue Eagles’ victory.He finished with just five points, but three of those came when it mattered most as his three-point play in the waning seconds of the game.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutBut it wasn’t just Go alone as Ateneo used a balanced attack anew to match the Archers’ firepower.Ravena paced Ateneo with 12 markers, six boards, and four dimes, Matt Nieto fired 11 points, three assists, and two rebounds despite being cut above the left eye late in the first half, and twin brother Mike Nieto ignited the rally in the fourth quarter as he collected seven of his 11 markers in the fourth period, on top of his five rebounds. LATEST STORIES Kris Aquino ‘pretty chill about becoming irrelevant’ For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. MOST READ Stronger peso trims PH debt value to P7.9 trillion Typhoon Kammuri accelerates, gains strength en route to PH Nieto’s explosion early in the final frame allowed the Blue Eagles to take a 69-59 lead with 6:34 left to play.The Green Archers, however, leaned on Aljun Melecio as the diminutive guard led La Salle’s 11-2 blast that cut the Blue Eagles lead down to, 70-71, with 2:32 remaining.Ravena gave Ateneo a bit of breathing room with a bucket with 2:11 left, but La Salle just couldn’t get an answer as Melecio and Ricci Rivero failed to find the bottom of the net in their attempts late.Ateneo shoots for a sweep and its first title since UAAP Season 75 in Game 2 on Wednesday at Smart Araneta Coliseum.Two-time UAAP MVP Ben Mbala was limited to a season-low eight points and 12 rebounds as he tried to play through foul trouble.ADVERTISEMENT Brace for potentially devastating typhoon approaching PH – NDRRMC Don’t miss out on the latest news and information. QC cops nab robbery gang leader, cohort
A model and an aspiring Bollywood actor Gehna Vashisht was assaulted in Mumbai by some unknown social activists as she allegedly teamed up her bikini top with a tricolour wrapped around her waist.However, the incident that took place on Monday has now got a shocking twist as it turns out that the entire sequence was staged and the protesting activists were allegedly paid to attack Gehna.On the day of the supposed attack on Gehna, her publicist rounded up a few people loitering outside Oshiwara police station, including a woman identified as Shantabai Pawar, who lustily protested and even threw a few stones for a payment of Rs 300 for 5 minutes.The visuals accessed by Headlines Today show Shantabai and another man giving direction to the gathered crowd. Gehna’s car comes into view but zooms away as there were not enough people yet. The woman was heard talking to the man, who asks the starlet to come back a few minutes later when more protesters arrive.The group then composes itself. Gehna’s car returns to the spot a few minutes later and stops in front of the protestors without anybody obstructing its path. On cue, the protestors start hurling stones at the car. One man who breaks the rear windshield instinctively smacks his forehead in regret.Gehna, instead of staying put and driving away, which should have been her natural response had the attack been real, got out to meet the group.Shantabai then stepped forward and hectored her for violating the dignity of the national flag. After a while, Gehna got back into her car, making a show of wiping the blood from her chin where the stone had grazed her.Earlier, the little-known model had done a photo-shoot wearing a bikini and the national flag wrapped around her waist.The question now comes is who did Gehna shoot for. Was it meant from the beginning to be a publicity stunt? It could be mentioned that the donning of the national flag as a piece of clothing is punishable under Prevention of Insult to National Honour Act of 1971.advertisement
Don’t miss out on the latest news and information. DTI creates Marahuyo, a luxe Filipino fashion brand for global buyers Ethel Booba on SEA Games cauldron: ‘Sulit kung corrupt ang panggatong’ For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. LATEST STORIES Wong fired a season-high 18 points as the Eagles subdued fierce rival De La Salle Green Archers, 77-69, on Sunday that secured another Final Four berth for Ateneo at MOA Arena.Ateneo coach Tab Baldwin said Wong’s performance was a testament to his players’ ability to step up when the team needs it.FEATURED STORIESSPORTSGreatest ever?SPORTSFormer PBA import Anthony Grundy passes away at 40SPORTSSan Miguel suspends Santos, Nabong, Tubid indefinitely after ‘tussle’ in practice“I think if Adrian doesn’t come out hot, we’re in trouble in the first half,” said Baldwin, referring to Wong’s two treys that helped the Eagles gain a slim cushion in the first half that laid the foundation in the victory.“But fortunately, he did. And I think it’s another example of, you know, somebody else on our roster stepping up and, and, you know, having a good game when it was needed.” Carlos Yulo thinks more Filipinos should try gymnastics FILE – Adrian Wong. Photo by Tristan Tamayo/INQUIRER.netMANILA, Philippines—A season away from Ateneo was more than enough fuel for Adrian Wong to come out stronger in his return for the Blue Eagles in UAAP Season 82.And although it took a while for Wong to find his groove, the timing of the Texas-raised guard’s return to form could not have been better for an Ateneo team chasing a third straight crown.ADVERTISEMENT View comments Ateneo skipper Mike Nieto echoed Baldwin’s sentiments, saying that Wong’s performance was a reward of their preparation heading into the season.“That’s the beauty of our team. In any game, any player can step up,” said Ateneo captain Mike Nieto. “That’s what we worked on the whole offseason.”Wong, who entered the game, averaging just under six points an outing, was glad to finally make a huge impact at such an important game for his team.But he was quick to deflect credit to the rest of the Eagles, whom he said never lost their faith in him even when he was injured and struggled in the first round.“Coming back from injury, I had to work in the weight room and everything else on my skills because I have to start over because of my injury,” said Wong, who had seven of his output in the final quarter.ADVERTISEMENT Drilon apologizes to BCDA’s Dizon over false claim on designer of P50-M ‘kaldero’ MOST READ Matteo Guidicelli had saved up for Sarah G’s ring since 2014? Canadian vaping study details danger from ‘popcorn lung’ chemical Duterte calls himself, Go, Cayetano ‘the brightest stars’ in PH politics Becoming his own man Sports Related Videospowered by AdSparcRead Next This jewelry designer is also an architect “But this game means a lot because it’s Ateneo-La Salle and I was finally able to get back to my rhythm. My teammates just continued to believe in me and with our chemistry together, any one of us could step up.” Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles04:26Deaf personalities everyone should know02:11Makabayan bloc defends protesting workers, tells Año to ‘shut up’03:07PH billiards team upbeat about gold medal chances in SEA Games01:38‘Bato’ to be ‘most effective’ CHR head? It’s for public to decide – Gascon02:07Aquino to Filipinos: Stand up vs abuses before you suffer De Lima’s ordeal01:28Ex-President Noynoy Aquino admits contracting pneumonia00:45Aquino agrees with Drilon on SEA games ‘kaldero’ spending issue
Usain Bolt’s only real competition was the clock. He couldn’t beat it. Another gold medal isn’t such a bad consolation prize. (Rio Olympics – Full Coverage)Bolt romped in what he says is his last Olympic 200-meter race Thursday night, but finished in 19.78 seconds, more than a half-second short of his own world record – the one he said he really wanted to break.A win is a win, and Bolt has gold medal No. 8.But his expression as he crossed the finish line told the real story of this one.The field running far behind him through the thin mist – Andre de Grasse of Canada finished .24 behind and Christophe Lemaitre of France took bronze – Bolt was giving every ounce of effort, grimacing as he approached the line.He glanced to his left to check out the clock just before he crossed. The time came up, and when Bolt saw it, he tilted his head back and yelled, stuck his hands wide open as if to say “Why?” then tore off the No. 6 sticker that was on his right hip.But the after-party was great, as usual. With chants of “Usain Bolt, Usain Bolt” ringing out, Bolt paraded around the track with his flag, reggae music blaring in the background, then dropped to his knees and kissed the track before giving his iconic “To The World” pose.His record in his favorite race still stands, though, at 19.19. He set it in 2009 at world championships, breaking the mark he’d previously set the year before (19.30) when he made his debut in Beijing.advertisement
bodiesNew Delhi, Aug 24 (PTI) A high-level committee under the Union Youth Affairs Ministry has recommended appointment of a permanent monitoring committee for regular audit of two scouts and guides bodies, which, the inquiry panel alleged, have been mired in “financial irregularities”.The committee, set up about two months ago by the ministry, inquired into the functioning of century-old volunteer bodies – Bharat Scouts and Guides, and the Hindustan Scouts and Guides – and today submitted its final report to Union Sports and Youth Affairs Minister Vijay Goel at his office here.”When it comes to financial management of the two bodies, there are irregularities and norms are being flouted. We recommend that a permanent monitoring committee be appointed for their regular audit, and its report be submitted regularly to the ministry,” convener of the committee, S K Bhattacharya said.”Also, an external chartered accountant be appointed by the ministry for conducting regular audit of accounts,” he said.After submitting the report to Goel, Bhattacharya and other members of the panel also held an interaction with the minister and urged him to ensure implementation of the recommendations.Goel said, “We have accepted the report and the ministry will now formulate an action plan on it as to the implementation of the recommendations.”The high-level committee has also recommended that greater transparency be brought in the process to select candidates for the Rashtrapati Puraskar (Presidents Award).”As of now, only the Bharat Scouts and Guides members are considered for selecting candidates for the Presidents Award. We recommend that its ambit be widened to include Hindustan Scouts and Guides as well,” Bhattacharya said.advertisementDuring the meeting with Goel, Bhattacharya and other panel members alleged that the question paper for the examination to be undertaken for selecting candidates for the award have been “leaked” in the past.Goel said his ministry would take cognisance of this and do the needful to expand the ambit of selection procedure.The committee has also recommended enlarging the enrolment strength from current 70 lakh to 2 crore, besides revision of its “outdated curriculum” in consonance with latest plans of the government.”The committee has also suggested to us to have more number of organisations which can be given recognition to take scouts and guides activities. Only two organisations are not enough to run the system, so we will look into that,” Goel said.Other recommendations include constituting a committee of experts to prepare the guidelines for scouts and guides activities, setting up of a training centre, and release of grant on the basis of project details submitted, instead of being awarded ad-hoc.”At least one of the volunteer activities, like NCC, NSS, or scouts and guides, should be made compulsory in each school, CBSE or state government board-run,” the committees convener recommended.According to the ministry officials, Bharat Scouts and Guides, and Hindustan Scouts and Guides, both receive Rs 75 lakh each per year as grant from the Centre.”Besides, they get funds from respective state governments as well as through the membership fee,” an official said.Goel said the two scouts bodies have played important roles in building discipline and work ethics among the youth and hence they need to be restructured so they can also contribute in spreading awareness about the governments programmes. PTI KND CHT CHT
PARIS (AP) — After a day of police questioning centering on his former role as a top decision-maker in soccer, Michel Platini was released from custody without charge in the early hours of Wednesday and said he found the experience painful given “everything I’ve done” in the sport.Summoned Tuesday morning to testify in a French corruption investigation of the 2022 World Cup in Qatar, the former head of European soccer governing body UEFA said he had been expecting to be questioned only as witness, as he’d also done 18 months previously.“I arrived and was immediately taken into custody. It hurts. It hurts for everything I can think of, everything I’ve done. It hurts, it hurts. But after all, they did their job and then we tried to answer all the questions,” he said.The former star midfielder for France and Juventus said investigators quizzed him about an array of tournaments, including the 2016 European Championship, the World Cups in Russia in 2018 and in Qatar in 2022, that he had a hand in deciding where they would be played, when he presided at UEFA and served as a vice-president at world soccer governing body FIFA. The investigators also asked about French club Paris Saint-Germain, bought by Qatar in 2011.Michel Platini, right, and his lawyer William Bourdon answer reporters after Platini has been freed, outside the French police anti-corruption and financial crimes office in Nanterre, outside Paris, early Wednesday, June 19, 2019. (AP Photo/ Francois Mori)“It was long, but given the number of questions it could not be different,” Platini said, adding that he felt “at peace.”“I feel totally foreign to any of these matters. This is an old affair, you know it, we explained it. I have always expressed myself with full transparency in all the newspapers. That’s it, it goes on, they investigate, they search.”Also detained Tuesday for questioning and later released was Sophie Dion, a sports adviser in former French president Nicolas Sarkozy’s administration. Claude Gueant, the former secretary general of the Elysee presidential palace under Sarkozy, was questioned as a free witness and not detained.Their involvement added a layer of political intrigue to the investigation of the hugely controversial decision to hold soccer’s showcase tournament in Qatar, a desert country so scorchingly hot in June and July that matches will be played instead in November and December.The closed-door, secret-ballot FIFA vote in 2010 that picked Qatar baffled many at the time, not least because the Persian Gulf nation has no soccer pedigree to speak of. But the gas-rich nation is pouring billions into the world’s most popular sport and has the means to finance new stadiums.Ahead of the FIFA vote, Sarkozy hosted a meeting in November 2010 that brought Platini together with Tamim bin Hamad al-Thani, then the crown prince of Qatar and now its ruling emir. The following year, Qatar bought Paris Saint-Germain and started spending richly on recruiting stars, including, now, Kylian Mbappe and Neymar. Sarkozy, a fan, frequently attends PSG games.Michel Platini and his lawyer William Bourdon, right, answer reporters after Platini has been freed, outside the French police anti-corruption and financial crimes office in Nanterre, outside Paris, early Wednesday, June 19, 2019. (AP Photo/ Francois Mori)Platini’s lawyer, William Bourdon, called the day-long detention “a lot of noise for nothing” and said Platini “gave his testimony by answering as sincerely and precisely as he could, to all the questions put to him.”He added: “We do not believe in any way that Michel Platini can be considered as a suspect for anything, either yesterday or today or tomorrow. So for us, this affair is over.”French prosecutors are investigating an array of winning bids for major sports events, including the 2018 and 2022 World Cups, the 2020 Olympic Games in Tokyo and track and field world championships. Cascading scandals in soccer, track and field and Olympic sport have brought down dozens of officials from FIFA and other organizations over such offenses as vote-buying, kickbacks and bribery.Qatar beat the long-favored United States 14-8 when FIFA selected the host country for the 2022 World Cup.Michel Platini looks up after being freed, outside the French police anti-corruption and financial crimes office in Nanterre, outside Paris, early Wednesday, June 19, 2019. (AP Photo/ Francois Mori)Former FIFA President Sepp Blatter, who presided over the vote, has accused Platini of backing out of a secret “gentleman’s agreement” to award the tournament to the United States after meeting with Sarkozy, France’s president at the time.Platini has long insisted that the meeting did not influence his vote for Qatar less than two weeks later.“Sarkozy never asked me to vote for Qatar, but I knew what would be good,” he told the AP in 2015. But in the same interview, he also said that he “might have told” American officials earlier that he was going to vote for the United States’ bid.Blatter quoted Platini as saying ahead of the vote: “I am no longer in your picture because I have been told by the head of state that we should consider the situation of France.”___By SAMUEL PETREQUIN, JOHN LEICESTER and PATRICK HERMANSEN Associated PressMichel Platini leaves the French police anti-corruption and financial crimes office in Nanterre, outside Paris, early Wednesday, June 19, 2019. Former UEFA president Michel Platini proclaimed his innocence during police questioning Tuesday following his arrest as part of a corruption probe into the vote that gave the 2022 World Cup to Qatar. (AP Photo/ Francois Mori)Michel Platini and his lawyer William Bourdon, left, answer reporters after Platini has been freed, outside the French police anti-corruption and financial crimes office in Nanterre, outside Paris, early Wednesday, June 19, 2019. Former UEFA president Michel Platini proclaimed his innocence during police questioning Tuesday following his arrest as part of a corruption probe into the vote that gave the 2022 World Cup to Qatar. (AP Photo/ Francois Mori)TweetPinShare0 Shares
East Bengal East Bengal officials visit Mohun Bagan to pacify fans before derby Goal Last updated 2 years ago 00:58 21/9/2017 FacebookTwitterRedditcopy Comments(0) AIFF Media East Bengal Mohun Bagan East Bengal and Mohun Bagan officials requested fans not to create any unrest ahead of the Kolkata derby on September 24th…. East Bengal’s senior officials visited Mohun Bagan club on Wednesday to have a meeting on the issue of an unrest which happened outside the gates of Mohun Bagan on Tuesday.A set of East Bengal fans had vandalized Mohun Bagan club gate after the Red and Golds’ match in the Calcutta Football League (CFL). A video went viral which clearly showed East Bengal fans throwing stones targeting the Mohun Bagan club tent.With the tension between the clubs at a crescendo, the officials met to pacify both sets of fans ahead of the Kolkata Derby and conveyed their message of peace to the fans via media. Article continues below Editors’ Picks ‘I’m getting better’ – Can Man Utd flop Fred save his Old Trafford career? Why Barcelona god Messi will never be worshipped in the same way in Argentina Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Addressing the press, Mohun Bagan official Debashish Dutta said, “We discussed yesterday’s issue and agreed that these things are unwanted. We share a fierce rivalry, but that is limited to the 90 minutes of the game. We request both sets of fans not to repeat such acts.”East Bengal’s Debabrata Sarkar echoed the Bagan official’s thoughts. He said, “We request both sets of fans to avoid such incidents. Keeping in mind the upcoming Kolkata Derby these things should be sorted. It is not possible for us to take any action against the fans as they cannot be identified.”Another video has since emerged of some unidentified Mohun Bagan fans attacking their rivals with bamboos, changing the narrative of an attack which looked unprovoked going by initial reactions.While the East Bengal officials condemned the behaviour of their fans, they also pointed out the incident which most Red and Golds supporters are believing to be the trigger for Tuesday’s unpleasantries. The Kolkata rivals lock horns in the season’s first derby match on September 24th at Siliguri. It will be title decider of the CFL as both the sides are tied on points after 8 matches.
The Bank of Jamaica (BOJ) and Planning Institute of Jamaica (PIOJ) report that the GDP out-turn for the March 2017 quarter ranged between zero and one per cent, with the forecast for the 2017/18 fiscal year expected to be between 1.5 and 2.5 per cent. The Bank’s Lead Economist, Philip Schuler, says this projection is based on the Government’s prudent fiscal stance and the resulting stable inflation rate; improvement in the country’s current account balance; and heightened business confidence, which is expected to generate significant new investments. The World Bank says Jamaica is poised to generate increased economic growth of two per cent and more per annum by the 2018/19 fiscal year.The Bank’s Lead Economist, Philip Schuler, says this projection is based on the Government’s prudent fiscal stance and the resulting stable inflation rate; improvement in the country’s current account balance; and heightened business confidence, which is expected to generate significant new investments.He was speaking via video-link from the Bank’s headquarters in Washington DC, during a recent media briefing hosted by the World Bank Jamaica office at the Courtleigh Corporate Centre in New Kingston.Mr. Schuler praised the Government for maintaining the fiscal stance that continues to generate steady improvements in Jamaica’s economy, following protracted periods of volatility.He noted that apart from “a couple of bad quarters” in 2014, there have been notable growth and improvement in key areas, such as the gross domestic product (GDP) and employment.The Bank of Jamaica (BOJ) and Planning Institute of Jamaica (PIOJ) report that the GDP out-turn for the March 2017 quarter ranged between zero and one per cent, with the forecast for the 2017/18 fiscal year expected to be between 1.5 and 2.5 per cent.In relation to employment, the Statistical Institute of Jamaica (STATIN) reported that the total number of employed persons, as at January 2017, increased by 21,900 to 1,185,700. This translated into a 0.6 reduction in the unemployment rate, which fell to 12.7 per cent.Mr. Schuler further pointed to the current account balance, which improved from a deficit of 10 per cent of GDP in 2012/13 to just under one per cent in 2016, the best out-turn in 20 years.“If you look at the components of that (not only does) it reflect growth in net exports and services (for) both tourism and business process outsourcing, but also a declining trade and merchandising trade deficit and lower oil prices,” he noted.The World Bank executive also highlighted improvements in the budget which he noted successive Administrations have been able to balance since 2013, consequent on the declining national debt, resulting in a reduction in the deficit, which he forecasts will further improve.Of note, Mr. Schuler said, was that where Government expenditure increased over the five-year period, this was matched with significant revenue inflows.The Government’s total expenditure for the 2016/17 fiscal year was $503.4 billion, while revenue intake was $458.3 billion.Mr. Schuler also pointed to the dramatic decline in the rate of inflation, noting that while this has increased slightly since the start of 2017, it is expected to remain within the Bank of Jamaica’s forecast range.This, he added, reflected significant stability in the prices of goods and services, “which is very important for the economy”.The BOJ reports that the rate of inflation for fiscal year 2016/17 was 4.1 per cent, while the out-turn for the March 2017 quarter was 2.3 per cent.Mr. Schuler said these out-turns are “a very clear sign that the economic (and) policy reforms that the Government has been undertaking have led to a lot of stability and improvement in the long-run sustainability of public finances.”However, he urged the Administration to be mindful of the prevailing risks to which the economy remains vulnerable.These, Mr. Schuler said, include a debt level that remains very high, and the country’s vulnerability to natural hazards and climate change, adding that Jamaica is an open economy subject to global shocks arising from policy uncertainty.The Bank’s Country Manager for Jamaica, Galina Sotirova, also underscored the need for further strengthening of the nation’s and economy’s resilience to natural disasters and other exogenous shocks. The World Bank says Jamaica is poised to generate increased economic growth of two per cent and more per annum by the 2018/19 fiscal year. Story Highlights
zoom On 28 December 2013, the semisubmersible rig “Deepsea Aberdeen”, currently under construction at Daewoo Shipbuilding and Marine Engineering (DSME) in Korea, experienced water ingress on pontoon while moored at the yard’s quay. Immediate evacuation was commenced and the rig was stabilized on the sea bed with draft at around 21 meters.No injuries to personnel have been reported.Odfjell Drilling sad that the company is awaiting information from DSME and will submit more information in due time.Deepsea Aberdeen is an enhanced GVA7500 design.Until now the rig was due for delivery in May 2014 and set on a 7-year contract for BP in the West of Shetland area.The unit is designed for operations in harsh environments and at water depths of up to 3,000 m. Odfjell Drilling, Decembar 30, 2013 My location Print Close 此页面无法正确加载 Google 地图。您是否拥有此网站？确定
Amendments have been introduced to update Nova Scotia’s Human Rights Act and respond to recommendations from the Human Rights Commission. “Our Human Rights Act is one of the most important pieces of legislation in our province, and protects the rights of all Nova Scotians,” said Cecil Clarke, Minister responsible for the Human Rights Act. “These amendments modernize the act to ensure the act remains effective.” The amendments include updating key definitions in the act to ensure they are consistent with the federal Charter of Rights and Freedoms, and with human rights legislation in other jurisdictions. New language in the act will make sure there is uniform use of gender neutral terms. Under the amendments a board of inquiry will now have the ability to order that a party pay the costs incurred during the investigation and hearing of a complaint and will obligate boards to issue their decisions within six months of the conclusion of a hearing. A one year time limit to file complaints will also be put in place, consistent with other jurisdictions. Nova Scotia’s Human Rights Act affirms every person is free and equal in dignity and rights without regard to age, race, colour, religion, creed, gender, sexual orientation, physical or mental disability, ethnic, national or aboriginal origin, family or marital status, source of income, irrational fear of contracting an illness or political belief, affiliation or activity. The act also prohibits sexual harassment. In the proposed amendments the scope of prohibited harassment is extended to all protected characteristics. The Nova Scotia Human Rights Commission is an independent government commission that is charged with the administration of the province’s Human Rights Act. Commission staff investigate and resolve complaints of discrimination.
Maureen MacDonald, Minister of Health and Health Promotion and Protection has been selected chair for the Provinces and Territories health meetings and co-chair of the Federal/Provincial/Territories meetings for the next two years. She begins both roles today, Sept. 14. “I am looking forward to playing this leadership role as we collaborate on important issues facing our health-care system,” said Ms. MacDonald. The health ministers agreed to work on common issues affecting provinces and territories, including the rising cost of pharmaceuticals, childhood obesity and accelerating research on liberation therapy for patients with multiple sclerosis. The ministers met Monday and today in St. John’s, N.L., and discussed the outcomes of the Council of Federation meetings in August and committed to work together to advance issues such as healthy living and the sustainability of the health care system. They also agreed to be aggressive about implementing voluntary sodium reduction targets. On potential medical trials for Canadians with multiple scleroisis, the health ministers discussed the Canadian Institutes of Health Research findings for the diagnosis and treatment of CCSVI. The ministers set up a working group to accelerate research on Liberation therapy and will report their findings on MS within a year. “As ministers of health, we are in complete agreement that we want to act as quickly as possible to get the expert advice we need to make informed decisions for MS patients,” said Ms. MacDonald. Ms. MacDonald led a discussion about developing a national childhood obesity strategy. Federal, provincial and territorial ministers are committed to the issue and have tasked staff to help develop a strategy. One of the focus areas will be food marketing and advertising to youth. The next Provincial and Federal Health Ministers meeting is expected to take place in Nova Scotia next summer or fall.
This fall, Elmo, Cookie Monster, Grover, Rosita, and other furry friends from Sesame Street will embark on a two-month USO tour to military installations throughout Europe.Sesame Street and the USO head overseas to perform for service members and their familiesThe 2017 Sesame Street/USO Experience for Military Families will perform more than 30 shows at 19 military bases in six countries; each 30-minute costumed character performance will center around the challenges military families face on a regular basis, including frequent moves and the military-to-civilian transition. The tour will kick off on September 11th at NAS Sigonella in Italy before journeying to Germany, Belgium, the Netherlands, the United Kingdom, and Spain, wrapping up in mid-November.“Since 2006, the Sesame Street/USO tour has brought to life the resources we’ve developed to help military families navigate the unique challenges they face,” said Dr. Jeanette Betancourt, Sesame Workshop’s Senior Vice President of U.S. Social Impact. “Sesame Workshop is proud to continue our longstanding partnership with the USO, employing our early childhood expertise and beloved Sesame Street characters to support and celebrate military kids and families as they learn, heal, and grow.”Sesame Workshop and the USO know that when one family member serves, the whole family serves, which is why they partnered to create Katie, a special character who models the real-life experiences of today’s military children. In the military-to-civilian transition show, “Katie’s Family Transitions to Civilian Life,” military families will follow Katie as she starts a new adventure outside of the military, confident that her family and all her Sesame Street pals will be there to support her throughout the transition. The tour will also perform “Katie is Moving to a New Base,” which explores the feelings of uncertainty and excitement that come with moving to a new place. To best suit the needs of military families overseas, each installation will be given the chance to determine which show is performed on their base, with some installations opting for both.“There is no better time to kick off our ninth-year run of the Sesame Street/USO tour than on Patriot Day – a day the USO is encouraging Americans everywhere to connect with service members by sending them a message of support at uso.org/Reflect,” said Lorie Hennessey, USO’s Senior Vice President of Entertainment. “We are incredibly grateful for our collaboration with Sesame Workshop and look forward to supporting hundreds more military families this year.”The Sesame Street/USO Experience for Military Families has toured the globe since July 2008, making it the longest-running traveling tour in the USO’s 76-year history. Based on Sesame Workshop’s award-winning Sesame Street for Military Families initiative, the tour has performed more than 1,100 shows on 150 military installations in 33 states and 11 countries and distributed more than 2.8 million outreach materials, entertaining nearly 600,000 service members and military families through the magic of song, dance, and beloved characters. To learn more about this year’s tour, including upcoming tour stops visit uso.org/Sesame.
Login/Register With: Stories of fractured relations, desperate acts and Hollywood ambition top our 16th annual “Chasing the Buzz” poll of the most keenly awaited movies at the Toronto International Film Festival, which runs Sept. 8 to 18.Kenneth Lonergan’s potent family reckoning Manchester by the Sea, Oscar-tipped since its Sundance premiere in January, took a leading three votes from the Star’s 30-member panel of critics, programmers, professors and regular film buffs.Four other films took two votes apiece: Damien Chazelle’s Tinseltown musical reverie La La Land, with the glittering pairing of Ryan Gosling and Emma Stone; Barry Jenkins’ culturally and sexually fraught drama Moonlight; Zacharias Kunuk’s Maliglutit (Searchers), a retelling of John Ford’s classic revenge western The Searchers; and Mathieu Denis’ and Simon Lavoie’s Quebec terrorist doc/drama hybrid Those Who Make Revolution Halfway Only Dig Their Own Graves. MOVIES WITH 3 VOTESManchester by the Sea (dir. Kenneth Lonergan)“Looks to be a role made for Casey Affleck. Casey is quickly eclipsing bigger brother Ben and I can’t wait to see why.” —Eli Glasner, CBC arts reporter and film critic“Because I love beautifully crafted, emotionally rich American indie movies I’m looking forward to Manchester by the Sea. Lonergan does these small-town, slice-of-life stories so well. And it stars Casey Affleck, who is always terrific.” —Karen Gordon, film critic, Metro Morning, CBC Radio Advertisement Twitter Another 19 films each received a single vote: Abacus: Small Enough to Jail, After the Storm, American Pastoral, Arrival, The Birth of a Nation, Catfight, Colossal, The Dreamed Ones, Free Fire, Gimme Danger, I Called Him Morgan, Lady Macbeth, Loving, Mascots, nirvanna the band the show, Nocturnal Animals, Personal Shopper, The Stairs and Toni Erdmann.The hive mind twitched for a total of 24 movies, out of 296 TIFF-bound features. Here’s the “because” behind the buzz: Facebook Advertisement Advertisement LEAVE A REPLY Cancel replyLog in to leave a comment
BEIRUT — The U.S.-led coalition killed more than 1,600 civilians in the northern Syria city of Raqqa during months of bombardment that liberated it from the Islamic State group, far more than the number announced earlier by the U.S.-led coalition, Amnesty International and a London-based watchdog group said Thursday.Amnesty and Airwars said the toll came after the “most comprehensive investigation into civilian deaths in a modern conflict.”The U.S.-led coalition said last month that 1,257 civilians were killed in airstrikes against IS over four years in Syria and Iraq.“We continue to employ thorough and deliberate targeting and strike processes to minimize the impact of our operations on civilian populations and infrastructure,” the coalition said.Raqqa was the de facto capital of IS’s self-declared caliphate, which once encompassed a third of Syria and Iraq. Last month, IS lost the last area it controlled in eastern Syria marking the end of the so-called caliphate.U.S.-backed Syrian fighters captured Raqqa in October 2017 after a four-month campaign.The U.N estimates that more than 10,000 buildings were destroyed or 80 per cent of the city.“Coalition forces razed Raqqa, but they cannot erase the truth. Amnesty International and Airwars call upon the Coalition forces to end their denial about the shocking scale of civilian deaths and destruction caused by their offensive in Raqqa,” the two groups said in a joint statement.In June last year, an Amnesty International report said hundreds of civilians were killed in Raqqa, while the Airwars said it has evidence of 1,400 fatalities.The statement said Amnesty International’s innovative “Strike Trackers” project also identified when each of the more than 11,000 destroyed buildings in Raqqa was hit. More than 3,000 digital activists in 124 countries took part, analyzing a total of more than 2 million satellite image frames, it said.“The Coalition needs to fully investigate what went wrong at Raqqa and learn from those lessons, to prevent inflicting such tremendous suffering on civilians caught in future military operations,” said Chris Woods, Director of Airwars.Separately, Syrian Minister of Transportation Ali Hammoud said his country will sign a contract with a Russian company to run and expand the port of Tartous on the Mediterranean.Hammoud said in remarks published by the pro-government Al-Watan daily Thursday that Russia’s Stroytransgaz will run the port for 49 years. The minister added that a Russian company would expand the port and pump more than $500 million in this project, pointing that it has been agreed with the company to keep all Syrian workers in the port.Russia has been a main backer of Syrian President Bashar Assad’s government and Moscow tipped the balance of power in favour of government forces after joining Syria’s war in 2015.Russian Deputy Prime Minister Yuri Borisov met with Assad in Damascus over the weekend and said in comments carried by Russian news agencies that he was expecting the contract to be signed this week.Borisov said the Russian lease of the port would boost bilateral trade and benefit the Syrian economy.Stroytransgaz is controlled by Russian President Vladimir Putin’s childhood friend Gennady Timchenko. The Tartous port would be an important asset for the company which landed a contract for 30 per cent of the output in a major phosphate field outside Palmyra last year and signed a deal with a government-owned chemical company to rebuild Syria’s only fertilizer plant in the central province of Homs.Unlike many major Russian companies, private or state-owned, Stroytransgaz is not wary of international sanctions against the Syrian government since Timchenko himself and his businesses including Stroytransgaz were slapped with U.S. sanctions in 2014 following Russia’s annexation of Crimea.Bassem Mroue, The Associated Press
Police investigations are underway. (Colombo Gazette) The bus veered off the road and overturned injuring 47 passengers who were in the vehicle at the time.A 23 year old man who was injured in the accident succumbed to his injuries on admission to hospital. One person was killed and over 40 others were injured following an accident involving a private bus in Galagedera last night, the police media unit said today.The police said that the driver of the bus had lost control of the vehicle along the Kandy – Kurunegala road.
The parliamentary process to ratify Enforced Disappearances as illegal has been indefinitely postponed and the Prevention of Terrorism Act (PTA) is yet to be repealed, while continuing use of torture to extract confessions is widely reported. Complete elimination of this dreadful practice from Sri Lanka needs leadership from the government which is solely lacking.The government has utterly failed to engage the majority Sinhala community about the need for true reconciliation and the indispensability of transitional justice to achieve that. In fact, a consistent narrative articulating the above and the need for ending the culture of impunity is absent in the political discourse of the country. If Sri Lanka is to enter a new era of respect for rule-of-law and good governance, resolute and consistent efforts are imperative. A careful comparison of the commitments made and the actions carried out unambiguously shows a glaring disparity. No efforts have been made by the top Sri Lankan leaders to integrate credible international participation in the local judicial processes as stipulated in the UNHRC resolutions. The report from the government’s own Consultation Task Force (CTF) – set up to recommend transitional justice measures based on country-wide consultations – has remained ignored for more than six months after its official release, reinforcing the impression most Tamils have that setting up Commissions and then discarding their reports is a continuation of delaying strategy practiced by many previous governments. The Office of Missing Persons (OMP), the only transitional justice mechanism Sri Lankan Parliament enacted exactlya year ago, was signed into law by the President only recently and yet to be operationalised. Mothers of disappeared have been protesting for over five months crying for attention living with the agony of not knowing the fate of their children for so many years. A month has passed since President Sirisena met with the relatives of the missing, but his promise to release any existing lists of surrendered and detained within 48 hours remains unfulfilled. We fail to understand the obstacles in bringing justice to these mothers, four of whom have died since the vigils started, and the unwillingness on the part of the government to bring closure to this highly emotive issue. GTF calls upon the International Community and the Government of Sri Lanka to take serious note of the impartial assessments made by such eminent organisations and mandate holders, and to recognise that Sri Lanka is truly in danger of losing the momentum in addressing the accountability issues that are critically important at this juncture. The Tamils are seeing the same old political dynamics that has plagued Sri Lanka since Independence and are understandably becoming cynical of the Government. For our part, the GTF would like to reaffirm its commitment to assist in any meaningful initiatives to arrest this dangerous trend.GTF notes it is essential that Sri Lanka take urgent concrete measures that will assure confidence to all its people, and most importantly to the victims, that achieving justice that has been denied for so long is possible. The latest report from the ICG (July 28) highlighted the plight of the Tamil speaking women in the North and East, stating that these women “have been marginalised during the transitional justice process” and called on the government to act “promptly by establishing the offices on missing persons and reparations” to prevent the emergence of “renewed grievance that damage already slim hopes of reconciliation among communities, and between the state and its Tamil citizens.” Though the GTF commends Sri Lankan Government for allowing external scrutiny of the human rights situation by facilitating visits by various UNHRC Special Rapporteurs, their assessments and reports are unsurprisingly scathing. The latest (July 14, 2017) is from Ben Emmerson, the U.N. Special Rapporteur on Human Rights and Counter-Terrorism, who told reporters at the conclusion of a four-day visit: “There is little evidence that perpetrators of war crimes committed by members of the Sri Lankan armed forces are being brought to justice,”… … “None of the measures so far adopted to fulfil Sri Lanka’s transitional justice commitments are adequate to ensure real progress” … … and progress on meeting commitments made under a 2015 U.N. Resolution have ground “to a virtual halt.”A report tabled at the 35th session of the UNHRC (May 2017) by the UN Special Rapporteur on the Independence of Judges and Lawyers, Diego García-Sayán, was again highly critical of the Sri Lankan justice system. The report identified ‘continuation of a normative framework based on PTA’, ‘persisting impunity for any abuses committed by the police or the security forces’ and ‘the lack of effective victim and witness protection’ as key areas where urgent action was needed. Both Special Rapporteurs concluded that it was the Tamil community that was at the receiving end, disproportionately.Various statements released by International Crisis Group (ICG), Human Rights Watch, Amnesty International and the International Truth and Justice Project during the last six months also concur with the findings and sentiments expressed by the UN Special Rapporteurs. Clearly stating that Sri Lanka is faltering on its commitments made to its own people as well as to the international community, these institutions have called for re-energising the process of addressing the war’s legacy. The Global Tamil Forum (GTF) is dismayed that more than eight years after the end of war, Sri Lanka has yet to demonstrate that it is genuinely committed to addressing the accountability issues occurred during the brutal armed conflict. Despite twice co-sponsoring UNHRC resolutions calling for comprehensive transitional justice measures, the present coalition government has not lived up to its commitments and yet to take any meaningful steps in this respect.The lack of progress to-date in many ways is eerily reminiscent of the past when commitments made on political and governance issues concerning to the Tamil people (such as Bandaranaike-Chelvanayakam or Dudley-Chelvanayakam pacts) were reneged at the slightest of political opposition. While GTF acknowledges that some progress has been made it is far from adequate.
DETROIT – Troubled air bag maker Takata Corp. of Japan is selling its automotive interior trim and seating material operation, raising cash as its inflator recall costs continue to mount.The Japanese company is selling Pontiac, Michigan-based Irvin Automotive Products to Piston Group, an auto parts supplier run by former Detroit Pistons guard Vinnie Johnson. The sale price wasn’t disclosed, but Piston Group, based in suburban Detroit, said in a statement Wednesday that Irvin has annual sales of $500 million.Takata faces billions in costs for what is now the largest auto recall in U.S. history. Its inflators can explode with too much force, spewing shrapnel. They’ve been linked to as many as 16 deaths and more than 100 injuries worldwide. The company is recalling 69 million inflators in the U.S. and around 100 million across the globe.“For Takata, this transaction gives us additional financial flexibility and enables us to focus on our safety operations, with a particular focus on managing the complex, global air bag recalls alongside our automotive customers and regulators,” Takata CEO Shigehisa Takada said in a statement.In August, Takata reported a second-quarter profit of 2 billion yen ($19.8 million), down 33 per cent from the same period the previous year. Tokyo-based Takata, which had two straight years of losses over the recalls, has said it will return to the black this fiscal year, although some analysts note that recall costs now being paid by automakers eventually will be billed to Takata.Takata also faces class-action lawsuits and possible government fines over its defective air bag inflators.Takata has hired the advisory firm Lazard to engineer a restructuring of its finances, likely with the help of some of its biggest customers. An air bag analyst has estimated the cost of making and distributing replacement inflators could cost more than $20 billion.Honda, Toyota and Fiat Chrysler are among the biggest customers for Takata inflators. In all, 17 automakers are affected by the recalls. Many automakers have said they will stop using Takata air bag inflators in models under development, and they will be billing Takata for the recall costs.Analysts expect Takata to go through a bankruptcy restructuring to shed some recall costs, with investors taking control of the company and changing its management. by The Associated Press Posted Sep 28, 2016 7:50 am MDT Last Updated Sep 28, 2016 at 3:40 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Takata sells auto interiors unit as recall costs rise