Bandhan Bank StanChart tie up for cobranded credit cards

first_imgKolkata: Private lender Bandhan Bank on Friday forayed into the credit cards business in partnership with Standard Chartered Bank. Bandhan Bank, which got the universal banking license from RBI over five years back, would provide co-branded credit cards to its account holders only. “We are launching co-branded credit cards in partnership with Standard Chartered Bank. The cards, in three variants, will be offered to the bank’s account holders,” MD and CEO of Bandhan Bank, Chandrasekhar Ghosh, said. Also Read – Thermal coal import may surpass 200 MT this fiscal”I hope this is a good match. Standard Chartered has a good experience in the credit cards business,” he said. The credit period offered will be of 52 days, Ghosh added. The Kolkata-based lender has a customer base of 40 lakh spread across 1,000-odd branches in the country. CEO of Standard Chartered Bank, Zarin Daruwala, said it will offer back-end support and look into the credit filters of applicants. Meanwhile, Bandhan Bank, on Friday, celebrated its fourth anniversary. UK Sinha, former Chairman, Securities and Exchange Board of India (SEBI), graced the occasion as the chief guest and delivered the Anniversary Lecture on “Who is afraid of capital markets?”. Also, the bank launched a new savings account, called ‘Elite’, for high deposit customers. The Elite International Debit Card offers free insurance coverage for the customer and a host of lifestyle privileges like airport lounge access among others. The Elite account also provides unlimited digital and ATM transactions along with preferential handling of banking service requests.last_img read more

UN humanitarian chief urges continued support for conflictaffected Pakistanis

5 December 2010The United Nations top humanitarian official today visited people affected by conflict in northwestern Pakistan and appealed for continued humanitarian assistance for them, many of whom expressed their desire to return to their areas of origin. “Many of the people I met today want to return home and restart their lives,” said Valerie Amos, the UN Emergency Relief Coordinator, when she visited the northern area of Kyber Pakhthunkwa (KPK) province on the final day of her four-day visit to Pakistan.“We need to make sure that we assist them through that process and support them until conditions are right for their return,” said Ms. Amos. “The situation in the north is extremely complex – some of the people affected were refugees, who became internally displaced and now have to cope with the impact of the floods,” she added.Ms. Amos visited Jalozai Camp, where nearly 97,000 men, women and children are living in tents and receiving clean drinking water, food, education, and other basic services. The majority of the camp’s residents were displaced by the conflict in the northern agencies of Federally Administered Tribal Areas (FATA). Some of them arrived there more than two years ago.Floods that hit Pakistan following the onset on the monsoon rainfall in late July have created one of the largest humanitarian crises the UN and its humanitarian partners have ever responded to. Aid agencies have mobilised resources to reach millions of people throughout the affected areas.However, more resources are needed to help people resume farming activities and rebuild their homes and livelihoods.“The world”s attention is waning at a time when some of the biggest challenges are still to come,” said Ms. Amos, who is also the UN Under-Secretary-General for Humanitarian Affairs. “Millions of people need continued assistance in terms of health care, education and agricultural support,” she added.The UN and partners have a revised Flood Emergency Response Plan requesting nearly $1.94 billion, and so far, 49 per cent of the funding requirements, or $958 million, has been received.“The world must not close its eyes to the needs of the Pakistani people. We must continue to help the most vulnerable families. They want a future for their children”, said Ms. Amos. read more

The NL Is Finally Winning Interleague Play — For Now

I don’t want to say it’s been a while since the National League broke even in interleague play, but here are some things that were true the last time it happened:George W. Bush was still in his first term as president.Barry Bonds was the best player in baseball.We were all excited about the idea of a sequel to “The Matrix.”Beyonce was just trying out the whole solo thing.Battle lines were drawn between Ruben Studdard and Clay Aiken supporters.You get the idea. Between 2003 and this season, AL teams compiled a 1,765-1,465 record1Including the World Series. against their NL counterparts — good for a .546 winning percentage, or roughly 89 wins per 162 games — and won interleague play by a grand total of 1,688 runs. It’s a run of complete dominance that has covered more than half the history of regular-season interleague play (which began in 1997).At a team-by-team level, the difference between leagues has been downright comical at times. In 2009, at the peak of the AL-NL disparity, the AL’s 75-win Toronto Blue Jays had a better schedule-adjusted run differential2As measured by Baseball-Reference’s Simple Rating System, or SRS. than the NL’s 93-win Philadelphia Phillies. Last season, the 98-win Pittsburgh Pirates were dead-even with the 78-win Boston Red Sox. Talent being equal, being in the NL over the past decade-plus has consistently been worth a number of extra wins each season.But so far this year, the NL has done uncharacteristically well against the Junior Circuit, posting a 25-18 record in interleague play as of Monday night’s games. If it holds up, that .581 winning percentage would represent the NL’s best-ever performance against the AL, shattering the old mark of .548 set in interleague’s debut season. That’s why Elo’s predictions say the AL should actually be ahead on wins, 22-21, against the NL right now. And since ‘97, that Elo-generated expectation has been a better predictor of interleague play over the rest of the season than each league’s actual record through 43 games.In other words, the NL shouldn’t start celebrating quite yet. Even though it’s off to a strong start against its cross-league rival, there’s still plenty of time left for the AL to mash it into paste, as usual. However, we’ve seen this kind of fast start from the NL before. In 2014, NL teams won 26 of the first 43 interleague matchups, a game better than even this season’s fast start, only to go 115-149 over the rest of the season and finish the year with a lousy .459 winning percentage. That was one of four instances during the NL’s 12-year run of futility that the Senior Circuit was above .500 through 43 interleague games; it finished those seasons with an average winning percentage of .453.And there are signs that this season could be destined for more of the same. Although the NL is home to a handful of the best teams in MLB — the mighty Cubs, plus the Mets, Nationals, Dodgers, Cardinals, Pirates and Giants, all of whom rank among FanGraphs’ top 11 teams by projected wins above replacement going forward — it also houses each of the seven worst teams in baseball by projected WAR.3For those curious, that’s the Diamondbacks, Rockies, Padres, Brewers, Reds, Phillies and Braves. So despite the NL’s top-heaviness, our team Elo ratings (which estimate a team’s strength at any given moment) consider the gap between the average AL and NL teams to be bigger now than it usually is after 43 interleague games.4Granted, MLB used to start the interleague schedule later in the season; before 2013, it would be mid-June before 43 games were played. But since Elo ratings are theoretically time-independent (hence the “strength at any given moment” part above), that difference shouldn’t be affecting the results. read more

Fired Coach Paul Hewitts Mission Always Was About Educating

Paul Hewitt was fired yesterday by George Mason, which means college basketball lost one of its strongest assets. Not all coaches are as smart as Hewitt or as committed to his players or as fine a representation of athletic leadership. To borrow Jack Nicholson’s famous line in A Few Good Men: college basketball “needs him on that wall.”There is a war on young Black men in America, as the news shows us every day, and a Black coach from New York with book sense and street smarts rates as a valuable commodity, especially in these times.Hewitt’s basketball teams at George Mason did not get it done, for various reasons that are boring and do not matter now. It would have been nice if they could have benefitted from Hewitt’s insight and won games, like much of his stay at Georgia Tech. But over four years at George Mason, they were one game under .500 and did not make the NCAA Tournament. Not good.But sometimes it has to be more than about winning. Sometimes it has to be about providing young men the kind of conscious leadership that will help shape their lives. That was Hewitt’s invaluable strength—to all his players, not just Black kids.That’s why he was able, as coach of Georgia Tech, to land first-rate recruits Chris Bosh, Derrick Favors, Thaddeus Young, Iman Shumpert, Anthony Marrow, Javaris Crittenton, Jarrett Jack and others. He had something to offer them that resonated beyond basketball.Last year, Hewitt took to ESPN radio to challenge Jeff Van Gundy, the former NBA coach and current analyst who claimed on the air that college athletes were not interested in getting an education. That was considered by many code for singling out Black athletes.For Hewitt, a father of three girls and staunch advocate education, that hit a nerve.Hewitt said of Van Gundy’s comments: “I thought to myself ‘Man, the general public must think really poorly of us. So later in the day before practice, I played his comments to my players and I didn’t say anything, I just said ‘I want you to listen to this and have a discussion about it.’“A lot of people were offended. They said ‘Coach, that’s what they think of us?’ (I told them): ‘Unfortunately, stereotypes are very strong to beat down in our society and it’s up to you guys to make sure that you take full advantage of what you have here.’ I think the overwhelming majority do, [but] I think oftentimes we get bogged down by stereotypes and really don’t step back and take a big picture look at what’s really going on in the American education system.”That was classic Hewitt, taking on causes. He took his platform as a big-time coach who led Georgia Tech to the NCAA Tournament Championship Game in 2004 as an opportunity to promote his players and to change the played out narrative about athletes, especially Black athletes, and raise awareness on important issues around the sport on a national platform.That’s why he held the position of president of the Black Coaches Association—he has the poise and generalship of a politician. A true politician, not one of the ones who are close-minded and selfish, an embarrassment to the country.Hewitt, 51, has been a proponent of college athletes getting paid, understanding there is a serious disparity in the ratio of money they generate for colleges against the deprived backgrounds from which many of them come.He also has pushed for a change to the rule that allows players to leave college after one season. And it really draws his ire when people like Dallas Maverick owner Mark Cuban blame college for the “one-and-done” rule that has diminished college basketball and sent unprepared players to the NBA when they were too young.“The Cuban thing really confused me,” Hewitt said. “The NBA ‘one-and-done rule’ is something that was instituted by the NBA owners, so if Mark Cuban has a problem with that rule, he and the owners should get together and repel it. That’s not an NCAA rule. A lot of people are running around thinking the NCAA put that rule in. That’s number one.“Number two, 18-year-olds are going to act like 18-year olds. Over my years, I’ve had kids like Chris Bosh and Derrick Favors and Thaddeus Young and guys who have gone one-and-done, and those kids were model students at Georgia Tech. I can remember the last exam Chris Bosh took before he put his name in the draft was his calculus exam.“What I’ve found over the years is when they get about to their junior year and they start to realize their dream of professional basketball is ‘a lot harder to obtain then I thought‘ or ‘I’ll never reach it’… then education becomes really important to them. Which is very similar to the normal 18-year-old kid who comes in with a lot of options. The fewer options you have, the more interest you have (in getting an education).”One of Hewitt’s prized recruits, Crittenton, found himself in trouble that no one could have projected for the kid when he was under Hewitt. He was charged with the murder of an Atlanta woman in 2011. Hewitt was a top Crittenton character witness that allowed him to receive bail. (The case has not gone to trial yet.) In the worst case scenario, Hewitt stood up for his player.In firing Hewitt, George Mason athletic director Brad Edwards said: “Paul has always been a tremendous advocate for the sport of college basketball and we are extremely appreciative for the manner in which he has represented the university and for his service to the student-athletes and to the program.”Maybe someone will see the value in Hewitt and hire him. He’s deserving of an opportunity with more of an upside than George Mason, which was not exactly a sexy place for recruits to flock.Chances are, if we’re lucky, Hewitt will take a TV analyst job, where he has some experience and would be a fresh, honest voice and an advocate for change benefitting the young Black athlete, first and foremost. We need Paul Hewitt on that wall. read more

Column Budgeting our depression Funding cuts are disastrous to mental health

first_imgIN A BEDROOM, a kitchen, an office, the street, somewhere someone is thinking about ending their own life. As you read this, someone might be doing it.The statistics show the number of suicides in Ireland has risen from 424 people a year in 2008 to 507 in 2012. We’re the fourth highest in the EU for suicides among young people – no surprise given the lack of respect and belief instilled in us by constant repetition of the phrase ‘culture of dependency’. Wexford, where I live, has the third highest suicide rate in the country. Yet this silent killer is only acknowledged when it’s too late.Mental health is vastly under-estimated for its all-encompassing effects, its impact on employment, family welfare and cost to the patient. There is a direct link between the economic downturn and the negative effect on the country’s mental welfare as cuts to vital health services as well as personal benefits mean our health – that which is meant to be our wealth – becomes the lowest priority personally and politically.Social welfare payment cuts, medical card allowance thresholds and the myriad other monetary implications caused by tax hikes, cutbacks and budgeting all affect the rate of suicides in this country. Economic instability is both a symptom and a result of poor mental health.Sometimes those with mental health problems are unable to work due to their situation or the discrimination of others. Alternatively their illness is treated as less important, less debilitating than a physical impairment. But just because you can’t see someone’s wounds doesn’t mean they’re not there.My own storyWhen I visited my GP in November 2012 I’d already had depression for some time, years really. It was depression that caused me to give up work in Belfast and move back to Wexford. Depression that made me self-harm and become socially isolated. Depression that had nearly driven me to suicide.The strain finally got too much after a near nervous breakdown the only available option to me, without a medical card, was to present at A&E and threaten to injure myself to get direct treatment or wait for the opportunity for free counselling to come up. If you’re already feeling suicidal either option is bleak.Sometimes the effort of even opening your mouth can prove too much, which is why so many people with mental illness suffer in silence. Thankfully, I managed to hang on and get help. It wasn’t too late for me, but for many it is and this is compounded by the government attitude to those in need.Despite having chronic depression, I’ve recently stopped taking my prescribed Prozac. I can’t afford it. That puts my life at risk. I also have two other ongoing conditions which require three-monthly GP visits and monthly prescriptions totalling up to and above €100 a month. One item on my prescription costs €65 alone. But unfortunately when I’m balancing my own budget, medication has been slipping further and further down the list.I am currently in my sixth or seventh medical card appeal process but am repeatedly turned down as my social welfare payment of €144 registers me over the hardship threshold.I don’t want this to be a sob story. I got help, through counselling, provided by a Wexford service that, like many, relies on volunteers. However we do need to draw attention to the many that go under the radar.I wrote a letter to Brendan Howlin, TD for Wexford and Minister for Public Expenditure, whose manifesto speaks of hope and optimism. I told him I was unable to recognise this. He says he stands for fairness but the Budget 2014 does not seem fair to me.Vital services cutA free drop-in service that had helped more than 399 families touched by mental illness used to run in several locations across County Wexford but was cut last year to alternate Wednesday mornings in the towns of Wexford and New Ross. Organisations such as Grow, Aware and 1Life try to address the problem but without government backing and support it just isn’t enough.Mental Health Reform, promoters of improved and prioritised mental health in Ireland, highlight other aspects of the budget that impact on mental health; the discontinuation of the telephone allowance increasing social isolation and the increase in rent contribution for couples adding strain to relationships. They also report that there is no extension of the Supported Employment programme for those with a mental disability that want to work.The increase in prescription charges also adds to the mounting problems, problems that the Government has a responsibility to address before we needlessly lose any more of our population because the people in charge wouldn’t listen.While there is some additional funding for social housing for people with disabilities this does not extend to those transitioning from HSE mental health services back into the community. This is how we treat people that aren’t well. When you consider one in ten adults has at some time experienced poor mental health, your dad; sister; boss; whoever, how can we consider segregating sufferers?Unfortunately suicide remains one of Ireland’s biggest killers. Mental health awareness needs to be voraciously reinforced until the stigma attached is completely removed and it is recognised as being as in need of monetary as well as social support.It may not be a popular opinion, but I believe those suffering from any kind of mental illness should be entitled to medical cards and should be prioritised for receiving treatment. The cost of not being able to buy vital medication is too high; it’s a life.Kate Bellamy is a TV and features writer online and in print in Ireland and the UK writing on contemporary women’s issues and television – where possible combining the two. Kate was shortlisted for the Vogue Young Writers Talent Contest this year. She can found tweeting @_KateMateRead: Recognising the warning signs can prevent suicidesColumn: ‘I saw him pull himself up onto the railing of the footbridge’Read: One in five young people is experiencing a mental disorder – RCSIlast_img read more

Pics 100000 cigarettes in unmarked boxes seized in Munster

first_imgREVENUE COMMISSIONERS AND Gardaí have seized 100,000 illegal cigarettes on the border between Limerick and Tipperary.The search operation was carried out this afternoon as part of an investigation into smuggling.The Jin Ling and Golden Seagiies cigarettes, which had a retail value of €47,000, were discovered in unmarked brown boxes in a Ford Transit van which was stopped near Castleconnell.The van was seized and the driver, a man in his 30s from outside of Ireland, was arrested and taken for questioning at Nenagh Garda Station.A file is being prepared for the DPP. All pics via Revenue CommissionersRead: Over 40 million cigarettes were seized last year >last_img

Donald Trump takes Twitter aim at Germany and claims it owes vast

first_img Mar 18th 2017, 6:08 PM https://jrnl.ie/3294763 8/ We fought two world wars in Europe, and one cold war. Keeping Europe whole, free, and at peace, is vital US interest.— Ivo Daalder (@IvoHDaalder) March 18, 2017 59 Comments Share Tweet Email Saturday 18 Mar 2017, 6:08 PM Donald Trump takes Twitter aim at Germany and claims it owes ‘vast sums of money’ Trump wants Germany and other nations to contribute more to Nato. Short URLcenter_img US PRESIDENT DONALD Trump unleashed a diatribe against Germany this morning, saying Berlin owes NATO “vast sums of money” and must pay the United States more for security.His latest tweeted outburst comes a day after he met German Chancellor Angela Merkel in Washington, where the two leaders showed little common ground over a host of thorny issues, including NATO and defence spending.Trump tweeted: Source: Twitter/realdonaldtrump Source: Twitter/RealdonaldtrumpTrump’s insistence that he had a “great meeting” with Merkel appeared to be far from the case on yesterday, when the veteran German leader arrived hoping to reverse a chill in relations after Trump had said during his campaign last year that her decision to allow refugees into Germany was a “catastrophic mistake” and suggested she was “ruining Germany.”But during a joint news conference, Trump accused Germany of unfair trade practices and ripped into Washington’s NATO allies, demanding they pay back “vast sums of money from past years.”Merkel said Germany had committed to increasing its military spending to two percent of GDP, a target NATO member states formally agreed in 2014 to reach within 10 years.A German government spokesman declined to comment about Trump’s tweets on Saturday, referring AFP to Merkel’s statements on the subject during Friday’s news conference. Merkel and Trump in the White House yesterday. Source: DPA/PA ImagesTreaty commitment Trump had made European defence spending an issue during his campaign, saying the United States — which spends just over three percent of its GDP on defence — carries too much of the financial burden for supporting NATO.However, critics pointed out on Saturday that NATO members don’t pay the United States for security, but contribute by spending on their own militaries.“Sorry, Mr President, that’s not how NATO works,” tweeted Ivo Daalder, a former US ambassador to NATO.“This is not a financial transaction, where NATO countries pay the US to defend them. It is part of our treaty commitment.” Source: Ivo Daalder/Twitter 38,535 Views By AFP US defence spending — $679 billion in 2016 — accounts for nearly 70% of the total defence budgets of NATO’s 28 members.But member states resolved to increase their defence spending after the dramatic events of 2014, when Russia annexed the Black Sea peninsula Crimea from Ukraine and began backing separatist rebels in eastern Ukraine.Then, the Islamic State group declared a “caliphate” just across NATO’s southern border in Syria and Iraq.NATO members agreed on a ten-year plan to each increase their national defence spending to two percent of their respective GDPs.Five — the UK, Estonia, Greece, Poland and the United States — have met that goal. Three more — Latvia, Lithuania and Romania — are expected to do so this year.Last year, according to the alliance, 23 of the 28 member states increased their defence spending in real terms, the first time that has happened in more than two decades. Merkel and Trump take questions at yesterday’s press conference. Source: Facebook/TheWhiteHouseAdded valueGermany, whose militaristic past has led it traditionally to be reticent on defence matters, currently spends 1.2% of GDP.But the country’s defence minister has called for changes to the way NATO members’ commitments to budget targets are assessed. Trump stands before the US and German flags. Source: Facebook/TheWhiteHouseSpeaking on Friday ahead of Merkel’s trip to Washington, Ursula von der Leyen told AFP that the 2% target paints an incomplete picture of actual contributions, saying member states that take part in NATO operations and exercises or contribute personnel and hardware should get credit toward the two percent goal.“For me, the question is who is really providing added value to the alliance,” she said.Von der Leyen proposed using an “activity index” that would take participation in foreign missions into account when assessing budget earmarks for defence.© – AFP 2017Read: Donald Trump tried to joke about wiretapping with Angela Merkel. She didn’t laugh >Read: German police make two arrests after hostage taken at bank > Tweet thisShare on FacebookEmail this articlelast_img read more

Les femmes britanniques privilégient leur apparence à leur vue

first_imgLes femmes britanniques privilégient leur apparence à leur vueGrande-Bretagne – Les femmes seraient prêtes à mettre leur santé en danger pour être plus belles. Une étude du groupe Sight Care, organisation anglaise regroupant des opticiens indépendants, a révélé que des millions de femmes britanniques auraient une faible vue car elles refuseraient de porter des lunettes.Selon cette étude, un quart des femmes qui auraient besoin de verres correcteurs refuseraient de se rendre chez un spécialiste afin de faire analyser leur vue. Les opticiens affirment que l’amour-propre est l’une des principales raisons qui amène les femmes à ne plus aller chez le spécialiste. Conséquences : la plupart des femmes louchent ou se contentent d’une vision floue par pur souci esthétique.D’après l’étude, près de la moitié des femmes pensent que le port de lunettes les rend moins désirables et décident donc d’éviter à tout prix d’en porter. 48% de celles qui en portent disent quant à elles compenser avec le reste de leur tenue pour se sentir plus attrayantes. Plus inquiétant : un quart des femmes interrogées n’auraient pas subi d’examen ophtalmique depuis plus de deux ans.”Malheureusement, l’amour-propre semble être l’une des raisons principales pour laquelle les femmes ne veulent pas se rendre à un examen ophtalmique ou porter des lunettes. […] Pourtant, la dégradation de la vue peut avoir un effet terrible sur la qualité de la vie, en provoquant des symptômes tels que les maux de tête, un strabisme ou des douleurs derrière les yeux” a mis en garde Paul Surridge, membre du groupe.”Sans contrôles réguliers, ceux-ci peuvent entraîner des complications beaucoup plus sérieuses telles que des glaucomes ou de la pression dans les globes oculaires” a-t-il souligné.Le 4 avril 2010 à 17:03 • Emmanuel Perrinlast_img read more

AK Gold claims expand as Herbert Glacier retreats

first_imgThe Herbert Glacier viewed from the banks of the eponymous river on August 12, 2017. (Photo by Jacob Resneck/KTOO)A retreating glacier is exposing virgin territory about 20 miles north of Juneau.Mining claims around the Herbert Glacier has a Canadian prospecting company excited and environmentalists concerned.Listen nowAlong the river bank, a bluish hue shines off the Herbert Glacier dominating the horizon. It’s near this wide spot in the Herbert River where mining claims begin.Two decades ago this area was covered in ice.Guy Archibaldis a  staff scientist for Southeast Alaska Conservation Council, a self-styled mine watchdog.“It’s easier and cheaper I think to drill when you’re not sitting on top of a moving glacier, a calving glacier,” Archibald said. “What it’s doing is that the glacial retreat is exposing fresh rock that hasn’t been seen by anybody and some of that rock contains mineralization that could be economical to dig up and mine.”The U.S. Forest Service oversees drilling permits here. Aerial photos from past years confirm the glacier’s retreat.“The glacier’s receded since the late 1990s on the order of about a quarter-mile or so,” Minerals Program Manager Matthew Reece said.That’s created opportunity and interest in the past decade and this summer the Forest Service renewed permits for a new round of drilling.“It’s simply an exploration project,” Reece said. “Anything that would go further would require a significant amount of planning and environmental assessment.”The drilling firm is Grande Portage Resources of Vancouver, B.C. It touts its Herbert Gold Project as “one of Alaska’s more promising prospects” in what it describes as an “underexplored” area rich in gold-quartz veins.“We’ve been historically active in the area, drilling an exploration target north of Juneau called the Herbert Gold Project,” CEO Ian Klassen said.The company’s reported drilling tests yielding about 60 grams of gold per metric ton at a depth of about eight meters, which has sparked renewed interest.“In the past we’ve only gone down about 600 feet,” Klassen said. “This year we’ll go a little bit deeper, down to almost testing 2,000 feet as well as testing the eastern extensions of three of the most prolific veins that we’ve tested to date.”Developing a mine would require state and federal permits and would also be subject to local review. But Juneau’s local elected officials are considering eliminating that process.Environmentalists are troubled.“Changing the mining ordinance will affect the city’s ability to analyze and ask for additional protections on any potential Herbert Glacier mine,” Archibald said.But with the state’s fiscal crisis threatening public sector jobs, pro-mining boosters argue that Juneau needs to get back to its roots as a mining town.“Juneau has a reputation as an anti-mining town,” Jim Clark, former chief of staff for Gov. Frank Murkowski, said in May. He and a group of well-connected businessmen convinced a majority on the Juneau Assembly that the city’s mining law should be re-examined. “Part of fixing this ordinance is to repair that image statewide so that we appear to be open for business.”Juneau’s mayor has since appointed a task force to take a hard look at the local mining ordinance; its recommendations are expected in November.Meanwhile, Grande Portage has a crew of nine in Juneau. Its drillers rotate shifts as work continues 24/7.“We expect that this drill season will lead to future drill seasons and as we add significantly through the assay lab results we’ll end up redoing our resource calculation,” Klassen said. “The larger a deposit we get, the more interest you’d get from the investment community and from your peers.”The Canadian CEO’s optimism isn’t matched by environmentalists.“I can’t predict what this mine is going to look like,” Archibald said. “But the trick is the mining company, because of everything unique about this area and the complexity, they can’t predict what impacts are gonna be 200 years from now or even 50 years from now.”Core samples will indicate whether further exploration is economical. But the political and environmental considerations of restarting gold mining around the Herbert Glacier is another question entirely.last_img read more

Facebook to Discontinue Moments PhotoSharing App

first_img ‘Storm Loch Ness’ Joke Facebook Event Aims to Spot Folklore ‘Monster’Nearly 300K Alien Fans Sign Up to ‘Raid Area 51’ for Joke Facebook Event Stay on target Facebook will shutter the Moments app next month.The what app?That was my initial reaction, too (despite having previously written about the service at least twice for Geek.com sister site PCMag).Introduced in the summer of 2015, Moments groups images on your phone based on when they were taken and who is in them. Users can then tell the app to sync those pictures with specific friends, and hope they do the same.The concept—similar to Google Photos—was for folks to quickly, easily, and securely share their snaps after a wedding, party, vacation, or other group event.Operating separately from Facebook, the platform does not involve the usually tedious process of tagging; in-app algorithms do all the work for you, and promise secure sharing among users.But Moments never quite caught on.“We’re ending support for the … app, which we originally launched as a place for people to save their photos,” Rushabh Doshi, director of product management for Moments, said in a statement published by CNET.“We know the photos people share are important to them,” he continued, “so we will continue offering ways to save memories within the Facebook app.”The program is scheduled for execution on Feb. 25, at which point any saved images will be expunged and lost forever.Users have one month to export pictures via a Facebook-generated website; you can move them to private albums on your social media profile or download them to a laptop, smartphone, or tablet.According to CNET, Facebook is informing users of the shutdown through email and Moments app alerts; next week, anyone who’s used the platform within the last year will also get a notification on the main Facebook site.The social network did not immediately respond to Geek’s request for comment, and declined to share user numbers with CNET.Mobile analytics firm Sensor Tower, however, claims Moments has been installed by 87 million iOS and Android users since its launch. At its peak in June 2016, the app was downloaded 10.7 million times. That number dropped to about 150,000 downloads last month.More on Geek.com:Facebook’s New Page Initiatives Aim to Crack Down on Fake NewsThis Startup Claims It Will ‘Brainwash’ Facebook Users for $29Facebook Testing Feature to Create, Support Petitionslast_img read more

Heres how to make summer driving easy

first_imgA long drive with your favourite music on loop.Isn’t it one of the pleasures of life? An idea that becomes a far cry in summers. Don’t let the searing heat play the spoilsport. Follow the experts from gaadi.com, a leading Indian online marketplace for used cars and new cars to enjoy a comfortable ride this summer. Keep these tips handy: A properly working air conditioner is a must. Head straight to the workshop and get your air   conditioner checked up.  It’s a natural tendency to put AC’s fan at the maximum speed. Keep it a level lower.  Put less load on the  engine by keeping the temperature between 20-22, once the cabin cools down.   Dust in the air makes the AC filters clog up. Change filters after every 20,000 km.   Try not to park in direct   sunlight.  Don’t switch on AC immediately. Instead, roll down the windows for some time.last_img read more

The Worlds Oldest Housing Complex Where Rent Hasnt Gone Up For 500

first_imgThe city of Augsburg, in Germany’s beautiful region of Bavaria, is a pleasant, affluent town, known for its 11th-century cathedral and stunning Renaissance buildings. The city grew up amid the commercial revolution of the Middle Ages, and quickly became established as an important trading hub. Although many of Augsburg’s residents grew rich and fat off the profits of their commercial activities, one prominent family decided to use their wealth to give something back to the local community.In 1514, a new social housing project was born, the first of its kind anywhere in the world, and it still endures to this day.The Fuggerei is the world’s oldest social housing complex still in useThe Fuggerei is a walled district on the outskirts of Augsburg, containing 67 yellow painted houses. However, this is a settlement with a difference: the town’s 142 lucky residents only need to pay €0.88 in annual rent for each home, the equivalent of around US$1, the result of an agreement that has lasted for half a millennium.The Fuggerei was founded in the 16th century by Jakob Fugger, head of the wealthy local Fugger family. According to the foundation established in his name, the Fuggers were originally cloth traders who had moved to Augsburg in the mid-14th century, where they prospered. By the 16th century, the family was well-established in Augsburg, owning a considerable amount of land in and around the city.May 20, 2018: visitors near the well in the Fuggerei, Augsburg. Augsburg is a city in Swabia, Bavaria – it is the third oldest city in Germany.Jakob Fugger, also known as “Jakob the Rich”, was one of the most prominent bankers in the city. According to the Fugger Foundation, in 1521, driven by a desire to alleviate the plight of the poor of Augsburg, he established the world’s first social housing complex for Catholic families and individuals in dire need.The aim of the scheme was to provide the local poor with affordable housing, regardless of age, background or family status. Astrid Gabler, the spokesperson for the Fugger Foundation, told The Local, “The annual rent hasn’t been changed for almost 500 years. In those days it amounted to a Rheinischer Gulden, which we have converted to 88 cents in today’s money.”Augsburg, Germany – May 18,2018: Art students sit at a table in the Fuggerei housing complex drawingCurrent residents do have to pay some additional annual charges, amounting to a further €0.88 towards the upkeep of the settlement’s church, and €85 to cover the costs of heating and maintenance. Nevertheless, this still amounts to exceptionally low rent costs for some of Augsburg’s poorest residents.In addition to maintaining the 16th-century rents, the Fuggerei also sustains a number of other 16th century customs. The Fugger family stipulated that all the residents of the settlement should be instructed to pray for the Fugger family three times per day.All residents were expected to be Catholic and were required to provide evidence of their financial need, attested by the Augsburg city administration.Augsburg is located on the famous Romantic Road (Romantische Straße), a “theme route” in Germany linking a number of picturesque towns and castlesOver the centuries, the Fuggerei has provided a home for many of the city’s poor, including some famous names. The grandfather of Wolfgang Amadeus Mozart once lived in the town, and it also provided homes for many of the widowed and impoverished women of Augsburg after the Second World War.Residence in the Fuggerei does come with some constraints. The settlement is walled, and the gates are locked at 10 pm every night, although a small payment of €1 (or €0.50 before midnight) will allow the guard to open the door for residents. Some residents are expected to help with the maintenance of public spaces and the settlement’s church, or to work as a guard.The Fugger Foundation is one of Germany’s oldest social enterprisesAccording to the Fugger Foundation, tourists may visit the town during daylight hours, and it continues to be a fine example of innovative urban planning, with green public spaces and brightly painted houses covered in vines.The original settlement also had space for workshops and small businesses, ensuring that residents could work to improve their prospects and finances.The Fuggerei is a housing complex in downtown Augsburg, founded in 1516 as a place to host needy citizensAlthough the settlement suffered significant damage during the Thirty Years War and the bombing campaigns of the Second World War, it was continually rebuilt in line with the Fugger family’s wishes.Read another story from us: This Irish Bar Holds the Record as the World’s Oldest Pub – Take a Look InsideRegardless of inflation, the rents have always remained the same, and will continue to do so as long as the Fugger Foundation exists to support Augsburg’s poor.last_img read more

The Biggest Announcements of Microsofts Oct 2 Surface Event

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeVikings: Free Online GameIf you’re over 40 – this game is a must!Vikings: Free Online GameUndoKelley Blue Book5 Mid-engine Corvettes That Weren’tKelley Blue BookUndoGrepolis – Free Online GameGamers Around the World Have Been Waiting for this GameGrepolis – Free Online GameUndoTODAYPolice Identify Girl Licking Ice Cream Tub In Viral VideoTODAYUndoMy Food and FamilyHealthy, Homemade Drunken Thai Noodles In Just 20 MinutesMy Food and FamilyUndoMayo ClinicManaging psoriatic arthritis painMayo ClinicUndoAdvertisement Microsoft just took the wraps off of a host of exciting new Surface devices, including the Surface Pro 6 and Surface Laptop 2. While the event wasn’t livestreamed, we’ve got you covered with all the biggest announcements.Here are the biggest reveals so far:MacBook Air vs MacBook Pro: Which 13-inch MacBook Is Right For You?Apple’s entry-level MacBook Air and Pro look pretty similar, but our testing proved they differ in crucial ways.Your Recommended PlaylistVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9接下来播放Which Cheap Tablet Is Best? Amazon Fire 7 vs Walmart Onn02:45关闭选项Automated Captions – en-USAutomated Captions – en-USAutomated Captions – en-US facebook twitter 发邮件 reddit 链接https://www.laptopmag.com/articles/how-to-watch-microsoft-oct-2-event?jwsource=cl已复制直播00:0003:4603:46 Windows 10 October Update Available TodayMicrosoft Unveils Surface Pro 6 With Quad-Core CPU, Matte Black DesignSurface Laptop 2: MacBook-Killing Keyboard, 85 Percent FasterMicrosoft Unveils Beastly Surface Studio 2 with Pascal Graphicslast_img read more

This small New Jersey town just installed permanent rainbow crosswalks

first_imgParis rainbow crosswalk vandalized for the second time in a few daysIt turns out this city in Canada was the first to paint a trans crosswalkAtlanta to permanently paint crosswalks rainbow colorsRead the full article on Gaystarnews:  :https://www.gaystarnews.com/article/new-jersey-town-rainbow-crosswalks/ GAYSTARNEWS- Share this:TwitterFacebookLike this:Like Loading… New Jersey is the latest state to get in on rainbow crosswalks. A small town in the north-eastern part of the state, Maplewood, is Jersey’s first town to install permanent, colorful crosswalks. The town, with a population of 23,867 as of the 2010 census, revealed the crosswalks on Thursdays (7 June).They put bright rainbows on all four sides of the intersection and they’re definitely eye-catching.‘We want to do something that would serve as a permanent marker or symbol of our commitment to inclusion,’ Dean Dafis, the first openly LGBTQ Mapplewood Township Committee member, told NJ.com.In a Facebook video revealing the crosswalks, it simply says: ‘LGBT pride isn’t only for Pride Month.’Benefitting everyoneDafis explains in another video that the crosswalks also have more benefits beyond pride.‘Federal guidelines require certain code compliances to make this work as a proper crosswalk and it so turns out this is also a public safety benefit,’ he says.center_img ‘It makes the crosswalk more visible and more effective. The drivers see it, slow down upon approach, and so we get that benefit out of it as well.’[embedded content]Dafis continues: ‘We are an incredibly diverse and progressive comunity, and this serves as yet another symbol.’Rainbow crosswalks have become a common feature of cities, especially during Pride. Only some cities, however, have opted to make them permanent.West Hollywood, naturally, was one of the first cities to make that choice.Other places like Atlanta and Denver have done the same.As for whether or not these crosswalks have any impact, Dublin, Ireland seems to think so.Got a news tip? Want to share your story? Email us . eTN Chatroom for Readers (join us) The crosswalk in Maplewood | Photo: YouTube/NJ.comlast_img read more

Blatter says FIFA faces more bad news

first_imgZURICH, Switzerland – FIFA President Sepp Blatter said Thursday that the scandal-tainted football body faces “more bad news” and that officials accused of corruption had brought shame and humiliation on the organization.Blatter did not raise the many calls made for him to resign for Friday’s election, as he opened FIFA’s annual congress one day after seven top football officials were arrested as part of a U.S corruption inquiry.“The next few months will not be easy for FIFA. I am sure more bad news will follow but it is necessary to begin to restore trust,” Blatter told the congress.“We cannot allow the reputation of football and FIFA to be dragged through the mud any longer. It has to stop here,” he added.Blatter called the scandals “unprecedented” and said the “actions of individuals bring shame and humiliation on football and demand action and change from us all.”“The events of yesterday have cast a long shadow over football and over this week’s congress.”The football president said FIFA cannot be an “exception” to rules on corruption and added “we will cooperate with all authorities to make sure that anyone involved in wrongdoing — from top to bottom — will be discovered and punished.”In his address, IOC boss Thomas Bach urged FIFA to cooperate fully with U.S. authorities to shed ‘full light’ on the corruption allegations facing football’s governing body.Bach, the president of the International Olympic Committee (IOC), acknowledged these are ‘sad and difficult days’ for FIFA and said Blatter’s organization must cleanse itself of any wrong-doings.“I would very much like to encourage you to continue and strengthen your cooperation with the relevant authorities to shed full light on the concerned methods and to take all necessary measures to address such grave allegations,” Bach said. “The IOC knows from its experience that this fight is challenging and can be very painful.“We also know there is no other way to ensure credibility, we have seen this in business, in politics and society.”Despite the storm, Blatter is favorite to win a fifth term in a vote at the congress on Friday. His only challenger is Prince Ali bin al Hussein of Jordan, a FIFA vice president, who has called for widespread reforms.Read all of our “FIFA-Gate” coverage here Facebook Comments Related posts:Blatter wins FIFA vote amid corruption storm FIFA’s Blatter shocked by US anti-corruption tactics FIFA arrests transform Blatter heir into face of football scandal FIFA-Gate: Just days after his re-election, Blatter resignslast_img read more

DEA chief confident escaped drug lord will be found again

first_img 4 must play golf courses in Arizona Here’s how to repair and patch damaged drywall Natural spring cleaning tips and tricks for your home Ex-FBI agent details raid on Phoenix body donation facility Mesa family survives lightning strike to home Top Stories WASHINGTON (AP) — The Drug Enforcement Administration’s top agent hasn’t really slept since he got word Joaquin “El Chapo” Guzman had sneaked out of maximum-security prison in Mexico though a mile-long tunnel that opened beneath his cell’s shower nearly a week ago.DEA’s deputy administrator Jack Riley said Thursday that the last week has been a flurry of work speaking with his Mexican counterparts and helping direct U.S. efforts to capture one of the world’s most prolific and violent drug lords for the third time in 15 years. New Valley school lets students pick career-path academies “This guy caused me one of the best days and worst days of my life in a span of a year,” Riley told The Associated Press. “We are doing everything we can to track him down, much like we did a year or so ago when we hooked him.”Guzman was arrested in February 2014, more than a decade after his last escape from a Mexican prison in 2001.Before taking over as DEA’s operations chief in Washington last year, Riley spent four years in Chicago tracking Guzman and continuing to build a growing criminal case against the drug lord. After Guzman’s arrest in February 2014, authorities in Chicago, including Riley, called for his extradition to the United States to face trial on a litany of drug trafficking and other charges.The Mexican government said late Thursday that the U.S. had filed an extradition request to Guzman about 2 Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Sponsored Stories Comments   Share   In this July 16, 2015, photo, a Federal Police shows a reward notice for information leading to the capture of drug lord Joaquin “El Chapo” Guzman, who made his escape from the Altiplano maximum security prison via an underground tunnel, in Almoloya, west of Mexico City. The Drug Enforcement Administration’s deputy administrator says he is confident one of the world’s most-wanted drug traffickers will be captured again after a brazen weekend escape from a maximum-security Mexican prison. (AP Photo/Marco Ugarte) Top ways to honor our heroes on Veterans Daylast_img read more

The Week Ahead Will the GSEs Need a Bailout This Week

first_img in Daily Dose, Government, Headlines, News, Secondary Market The Week Ahead: Will the GSEs Need a Bailout This Week? Share Bailout Fannie Mae Freddie Mac GSEs Q1 Earnings Statement 2016-05-01 Staff Writercenter_img May 1, 2016 596 Views The mortgage industry has been buzzing since mid-February when FHFA Director Mel Watt announced in a speech at the Bipartisan Center that there were risks that were certain to escalate the longer the GSEs remained in conservatorship, namely the requirement to lower the GSEs’ capital buffer to zero by January 1, 2018.With bad news all around in the Q1 earnings statements reported in the last two weeks, punctuated by a $111.2 million net loss for Ocwen, the mortgage industry is anxiously awaiting the first quarter financial results for Freddie Mac and Fannie Mae, which will be released on Tuesday, May 3, and Thursday, May 5, respectively.The FHFA’s conservatorship of Fannie Mae and Freddie Mac remains a controversial topic due to the possibility of another draw on Treasury (i.e. another taxpayer-funded bailout). The GSEs returned to profitability in 2012, four years after they received a $187.5 billion bailout from taxpayers, but the ability of the GSEs to remain profitable has been questioned by lawmakers and other stakeholders. Last quarter, Freddie Mac answered the question—at least for now—by reporting a net income of $6.4 billion for the full-year 2015 in the Enterprise’s Q4 and full-year 2015 Earnings Report.Though 2015 was Freddie Mac’s fourth consecutive year of profitability, Freddie Mac’s 2015 net income of $6.4 billion was a 17 percent decline from 2014 and an even larger decline from 2013’s net income of $48.7 billion. The year 2015 was a volatile one for Freddie Mac’s earnings—the net income for Q4 was $2.2 billion following a $475 million loss for Q3.The loss in Q3 2015 for Freddie Mac—which was its first quarterly loss in nearly four years—was mostly due to losses on interest rate derivatives, which Freddie Mac uses as a hedge against changes in interest rates. The value of interest rate derivatives can fluctuate dramatically, however.Fannie Mae, which relies more on issuance of longer-term debt in order to protect itself against interest rate changes, reported a net income of $2.5 billion for the fourth quarter and $11 billion for the full year of 2015. While Fannie Mae was profitable in 2015 for the fourth straight year, like with Freddie Mac, the profits have been steadily shrinking each year—the $11 billion net income was only a fraction of the $84 billion net income reported for 2013.The Watt speech in February, the diminishing capital buffer for the GSEs, and the steady decline in GSE profits in the last three years has fueled conjecture that the GSEs will soon need another draw on Treasury. In fact, a blogpost on MarketWatch written by Andrea Riquier entitled “Freddie Mac May Need Another Taxpayer Bailout Next Week” examines the possibility. Riquier reported that Moody’s Analytics Chief Economist Mark Zandi said the possibility of Freddie Mac taking a draw on Treasury during Q1 to be “less than 50-50.”Key figures in the Obama Administration have said that the GSEs will not be recapitalized and released from conservatorship while Obama is president, but the possibility of GSE reform has been back on the minds of many since Watt’s speech. The Urban Institute recently published a series of essays on housing finance reform written by economists and other analysts.Employment Situation for April 2016—Friday, May 6, at 8:30 a.m. ESTAll eyes will be on the Bureau of Labor Statistics’ Employment Situation for April to see if the gains the labor market has experienced in the last few months will continue or if they will take a step back. Job gains bounced back in February and March after weak January numbers and have now averaged 209,000 per month in the last three months. In March, the unemployment rate ticked back up to 5.0 percent after a couple of sub-5 percent months.The Fed will no doubt be watching the employment numbers closely in order to determine whether or not to raise the federal funds target rate in June. There will be one additional employment situation released before the next Federal Open Market Committee meeting, which will be June 14 and 15.Tuesday, May 3, 2016Freddie Mac Q1 2016 Financial Results, 7:30 a.m. ESTThursday, May 5, 2016Fannie Mae Q1 2016 Financial Results, 7:30 a.m. ESTFriday, May 6, 2016BLS Employment Situation for April 2016, 8:30 a.m. ESTlast_img read more

In addition to helping prepare the meal Ali creat

first_imgIn addition to helping prepare the meal, Ali created a beautiful arrangementof fresh fruit and whipped cream for dessert. A good deal of prep goes into hosting the concert series. Luz Adriana preparedColumbian dishes with the help of her husband Victor (left), and Nadia Begin(right).[Photos and text by Jennifer Thornton] The Café is transformed by workshoppers and resident volunteers. May 21, 2001A performance by Nohema Fernandez kicked of this year’s concert series at theColly Soleri Music Center. Despite a little rain, it was a enjoyable night ofgood Latin food & music. [Photo by Jeff Kunzelman] center_img Luz Adriana (left) enjoys the fruits of her labor. Ivan Fritz minded the Pub which offered beer and wine to Café patrons.last_img

Former energy regulator to face corruption trial

first_imgBy Elias HazouFormer energy regulator Costas Ioannou is facing trial on charges of corruption and money laundering in relation to a power production licence he awarded a Russian company in 2009.The police investigations, which took place in Cyprus and in Russia, date back to 2013.Authorities were recently able to line up all the pieces in the puzzle when, having secured a court order, they went through the accounts of a company ultimately belonging to Ioannou.Police discovered that two transfers, for €50,000 and €16,000, were made into the company’s bank account in the Channel Islands.The cash was allegedly a bribe to grease a deal whereby Ioannou, at the time head of the Cyprus Energy Regulatory Authority (CERA), was to grant a license to a Russian concern to build and operate a power station in Mari.The license was granted in August 2009. The power station was never built.Also facing charges in the same trial are Russian national Irini Bikova, her Seychelles-registered company Panorama Events and Andreas Hayiannis, a close relative of Ioannou’s.Ioannou’s alleged role was to act as mediator in the deal. PEC Powerenergy, the Russian company that Hayiannis was assisting, was a ‘special purpose vehicle’ whose ultimate goal was to sell its shares to another concern once it had acquired the power licence.PEC Powerenergy shares were subsequently sold to unsuspecting Russian investors for a reported €19m in what was allegedly a bait-and-switch scam devised by Ioannou and Bikova primarily.According to earlier news reports, the material gathered by police investigators includes emails talking about payments in exchange for the issuing of the power license.Authorities first began probing after the then- Auditor-general noted that PEC Powerenergy did not meet key stipulations of the power permit.This drew the scrutiny of the Attorney-general’s office.Ioannou was appointed head of CERA in January 2004, serving there until October 2009. In November 2010 he was appointed chairman of the Natural Gas Public Company (DEFA).On April 10, 2013, acting on the recommendation of the Attorney-general, the cabinet terminated his position as head of DEFA over his suspected involvement in the power license case.Ioannou’s sacking had been announced by then-government spokesman Christos Stylianides, who spoke of “serious misconduct” on Ioannou’s part.During the material time, Ioannou was allegedly the owner/director of two private companies, which being a public official was against the law.According to Phileleftheros, the charge sheet is ready, and this week the suspects are to appear before Nicosia district court, which will announce the start date of the trial before a criminal court.The suspects are being prosecuted by the Attorney-general.You May LikeLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoYahoo SearchYou’ve Never Seen Luxury Like This On A Cruise Ship. Search Luxury Mediterranean CruisesYahoo SearchUndo Pensioner dies after crash on Paphos-Polis roadUndoCruise passenger airlifted to Paphos hospitalUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img read more

EU push for good part of Coop to merge with local lender

first_imgThe European Central Bank (ECB) seems to favour merging the performing operations of the Cyprus Cooperative Bank (CCB) with another Cypriot lender, Finance Minister Harris Georgiades said on Thursday.He was responding to questions by MPs during a joint meeting of the House finance and watchdog committees on the future of the troubled Co-ops.Responding to a question, Georgiades said that Frankfurt seems to be in support of merging of the ‘good’ part of CCB with another Cypriot bank.In fact, he said, he does not rule out the possibility of the EU Single Supervisory Mechanism (SSM) pre-approving that plan over a proposal for the sale of the entire banking entity.“I would not rule out, even if there are various proposals at the table, the preapproval by the supervisory entity of that choice, which would include merging with another bank,” Georgiades said.He said the procedure to seek an investor for the CCB was according to the demand of the ECB to explore all options. Their final view would be made clear after the completion of the procedure. “I would even say that they will decide to a large extent who will be the preferred tender, and by their choice, the preference will probably arise”.The head of the Central Bank of Cyprus (CBC)’s supervision department, Yiangos Demetriou, told MPs that given the high capital requirements, the choice of a private investor to participate in the CCB capital is not on the table.On the withdrawals of deposits from Co-op banks – following rumours prior to the presidential election of a possible new ‘haircut’ this time at the CCB – Georgiades said that they had peaked in two phases; between December 2017 and January 2018, but also at the end of March, forcing the state to deposit €2.5bn to stabilise the situation.“I am under the impression that the deposits did not leave Cyprus, but they did not even go to banks,” he said.CEO of the CCB, Nicholas Hadjiyiannis, said that outflows of deposits from the beginning of the year reached € 1.9bn, with the largest daily outflows being observed in the last days of March. Outflows in March, he said, amounted to €700m.“Those days were a nightmare,” he said.Under pressure from the SSM to raise provisions against bad loans depleting its capital, the CCB launched on March 19 a privatisation process offering potential investors two options, either acquiring the whole banking entity or acquiring its performing operations and a part of its banking network or its non-performing loans amounting to €6.2 billion or 60 per cent of its total loan book.Cyprus bailed out the CCB in 2014 injecting €1.5bn using loans it received from the EU and the IMF as part of the €10 billion financial assistance programme. In 2015 the government injected an additional €0.17bn to boost the CCB’s capital. You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoSmart Tips DailySeniors With No Life Insurance May Get A $250,000 Policy If They Do ThisSmart Tips DailyUndo Concern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’Undoby Taboolaby Taboolalast_img read more