Arsenal whiz Bukayo Saka hopes to make Europa League his competitionby Paul Vegasa month agoSend to a friendShare the loveArsenal whiz Bukayo Saka hopes to make the Europa League his competition.Saka scored in their 3-0 win at Eintracht Frankfurt on Thursday night.He said: “There will be a lot of opportunities in the Europa League. That’s how I made my debut last season and I hope I can continue to get more and more opportunities and keep progressing so I can maybe one day play in the Premier League and start playing for Arsenal’s first team.”I feel like I’ve been with the first team a lot this season, I’ve been training with them a lot, I know the players, they know me and I don’t think it was too different for me because I train with them every day.” About the authorPaul VegasShare the loveHave your say
By Jorge BarreraAPTN National NewsOTTAWA–The Conservative government has axed a First Nations-led Crown corporation created to fill the statistical “gap” that exists when it comes to getting numbers from First Nations reserves and the urban Aboriginal population.The First Nations Statistical Institute (FNSI), which was created through legislation passed in 2005 during the Liberal government under Paul Martin, will see its $5 million budget cut in half this year and eliminated next year, according to the federal budget unveiled Thursday.Keith Conn, the FNSI’s chief operating officer, said the agency was in the midst of 25 projects across Canada working with First Nations communities and organizations.“Now we have to figure out what we can do for this year,” said Conn.Conn said he found out about the cut while sitting in the budget lock-up in Ottawa Thursday. The information was buried near the back of the budget document under a section outlining total cuts to the federal Aboriginal Affairs department.Aboriginal Affairs will see cuts of $26 million this fiscal year, $60 million the next and $165 million the year after for a total 2.7 per cent reduction of the $6.22 billion that was put on the table for review, according to the budget.“I saw something in the tea leaves,” said Conn. “I told my board of directors that I had an inclination. “I was connecting the dots on several activities and inactivities.”The institute currently has 23 people on staff, but they won’t all be laid off immediately, he said.“We will have to determine what some of those priorities are as an organization”, he said. “We have projects that we may want to wrap up.”The FNSI was created, through legislation along with three other Crown agencies: The First Nations Tax Commission, the First Nations Financial Management Board and the First Nations Finance Authority.Conn said the institute didn’t really get going until 2009 because it took the Conservative government two years to pick a board, which was created through cabinet orders in council.“Most Crown corporations have a pre-existing infrastructure, but this particular one was a new concept, so essentially it was created out of thin air,” he said.The institute was created to make up for the data gap that exists when it comes to getting a clear picture of the demographics on reserves and from the Aboriginal population in general.Many First Nations communities refuse to participate in the national census and Aboriginal people living in urban centres often slip through the data cracks because of their social conditions.“There are social and economic disparities that are widespread and so it was important to provide data to measure progress,” said Conn. “There are gaps in the urban populations for First Nations, Metis and Inuit people that are either missed or excluded from the survey processes.”The institute was also helping communities make sense of their administrative data to better plan for the education, housing and labour force needs, said Conn.It was also preparing economic data for a project in conjunction with the First Nations Financial Management Board that would see several communities create a borrowing pool for bond debentures to access long term debt financing to pay for infrastructure like roads and schools.“We were the first on the planet to deal with First Nations bond debentures,” he firstname.lastname@example.org
An unnamed Tricolor TV shareholder has applied to acquire an additional 50% stake in the Russian pay TV operator.The country’s competition regulator FAS has received an application from an existing shareholder. The identity of the person in question has not been revealed but if they are successful they will hold an 87.4% stake in Tricolor TV.
French telco Orange and telecoms-to-construction conglomerate Bouygues are open to including the latter’s 44% interest in leading commercial broadcaster TF1 in any deal between the pair, according to French newspaper Le Monde.Orange and Bouygues have confirmed that they are in talks over the future of the latter’s telecom unit, Bouygues Telecom, but have not mentioned Bouygues stake in TF1.According to Le Monde, citing unnamed sources, Orange and Bouygues are open to the idea of Orange taking a stake in TF1 of around 10%.Orange CEO Stéphane Richard told TV station RTL that convergence between telecoms and content in general was again coming to the fore. He said that while there was a need “to leave the door open” on this topic, it was not on the agenda “for the moment”.A deal over TF1 could be controversial because the French state retains a 24% stake in Orange.French economy minister Emmanuel Macron told journalists earlier this week that the French state plans to remain a key shareholders in the telco and will assess a deal over Bouygues Telecom with consumer protection, jobs and investment in mind.
The Noose Around Your Wealth Is Tightening Out-of-control taxes… investment controls… predatory lawsuits… the risks to your capital are growing by the day. And the unfortunate truth is the more of your wealth you have in your home country, the greater the risk. That’s why it’s critical to internationalize as much of your hard-earned assets as you can – as fast as possible. Going Global 2013 will help you do just that. Featuring investment experts Doug Casey, Peter Schiff, Mike Maloney, and more, this must-see webinar will reveal offshore strategies you can easily implement to protect what’s rightfully yours. Click here for details. The silver price was much more ‘volatile’, as it traded in a two percent price range through Far East and London trading. It also had the New York rally at the same time as gold…and it ended at the same time as gold, just before 11:00 a.m. EDT. According to Kitco, the high at that point was $22.13 spot, but got sold down back below the $22 spot price almost immediately. Silver closed at $21.79 spot…up 11 cents from Tuesday’s close. Net volume was very light at only 22,000 contracts. (Click on image to enlarge) Maybe the 20-day moving average is being defended…but I’m speculating on that one. However, as I’ve mentioned on countless occasions, the dollar index is not much of a factor as far as the precious metals are concerned…and if there is much correlation, it’s usually when the index is rallying, as it becomes a cover for “da boyz” as they hit the p.m. prices…and the main stream media is always quick to jump on that particular bandwagon. And as you can see lately, even though the dollar index is down sharply, the precious metals aren’t up at all…as there’s always a seller of last resort waiting in the wings the moment that occurs…the last three trading days being a case in point. I note in overnight trading in the Far East, that the Japanese stock markets got crushed for over 6 percent…and gold and silver’s attempts to break above the $1,400 and $22 price ceilings ran into a seller of last resort around 11:00 a.m. Hong Kong time on their Thursday morning. After that, they both traded flat into the London open. But once London began to trade, all four precious metals got sold down a bit…and all are trading below their New York closes yesterday as I hit the ‘send’ button on today’s column at 5:10 a.m. EDT. Volumes are pretty decent in gold and silver already. The dollar index is down another 21 basis points. That’s it for another day…and I’ll see you here tomorrow. The gold stocks rallied right from the open…and at their high of the day, just before noon in New York, they were up 2.5 percent…but then faded [along with the gold price] as the trading day progressed…and the HUI finished up only 0.91%. Another day when there aren’t that many stories…and I hope there a few in here that catch your eye. [The] gold mining industry, for the most part, is dumber than the rocks it digs out of the ground. Too dumb to defend itself, purporting to be represented by the World Gold Council, which exists only to make sure that there never is a real world gold council. – Chris Powell, GATA…04 April 2013 It was another day where there wasn’t much volume…and not a lot of price action either. However, it’s obvious the $1,400 price mark in gold…and $22 silver is still being vigorously defended. By whom…and for what reason…is unknown. There’s certainly a scarcity of gold and silver-related stories at the moment…and I even checked some of the websites myself and there was nothing. The only event of any importance coming up is the COT Report tomorrow…a lifetime away at the moment. I’ve noted that since the dollar index high/gold-silver low of May 20th, the dollar index has declined from 84.3 down to 80.7…and the gold price has been capped at the $1,400 mark…and every close above that price, no matter how brief, has been sold down to below the $1,400 price ceiling. During that dollar index decline of 370 basis points…4.4 percent…the gold price has not been allowed to reflect that decline…and is basically trading unchanged from its May 20th price. Here’s the 30-day dollar index chart. It’s obvious the $1,400 price mark in gold…and $22 silver is still being vigorously defended. The gold price did nothing in the Far East and most of the London trading day on their Wednesday. The New York low came at the 9:30 a.m. EDT open of the equity markets, just like it has for the last three days in a row. The subsequent rally got cut off at the knees shortly before 11:00 a.m. in New York…and a few minutes before the London close…just as it was about to get a sniff of the $1,400 price mark. The high tick at that point was $1,395.80 spot. From there it traded sideways into the Comex close…and then got sold down a bit in the New York Access Market. The gold price closed at $1,388.40 spot…up $10.20 on the day. Gross volume wasn’t overly heavy at 121,000 contracts. But the silver stocks finished slightly in the red…as Nick Laird’s Intraday Silver Sentiment Index closed down 0.19%. Here’s the 30-day gold chart, with the 20 and 50-day moving averages shown. (Click on image to enlarge) The CME’s Daily Delivery Report was another non-event on Wednesday, as only 3 gold and 17 silver contracts were posted for delivery within the Comex-approved depositories on Friday. We’re getting on in the June delivery month, so unless there are some big surprised between now and June 30th, we shouldn’t expect big deliveries, as most are done within the first week of the delivery month. There were no reported changes in either GLD or SLV yesterday…and there was no sales report from the U.S. Mint, either. Over at the Comex-approved depositories on Tuesday, they reported receiving 99,690 troy ounces of silver…and didn’t ship any out. The link to that activity is here. In gold on Tuesday, these same depositories didn’t report receiving any, but did ship out 45,371 troy ounces of the stuff…all out of Brink’s, Inc. The link to that activity is here. No charts or graphs again today…but here’s your ‘cute quota’… Sponsor Advertisement It was obvious to me that if a willing seller hadn’t shown up in the Comex gold and silver markets just before 11:00 a.m. in New York, both metals would have closed materially higher. The dollar index closed at 81.05 late on Tuesday afternoon…and began to rally slightly right from the open in Far East trading on their Wednesday morning. The high tick of the day…81.30…came at 8:00 a.m. EDT right on the button. From there it got sold down to its low tick…80.78…which came just before noon in New York. The subsequent rally didn’t make it back above the 81.00 level…and closed at 80.91…down 14 basis points on the day.
Sponsor Advertisement The HUI opened in the green, but despite the fact that gold spent most of the New York trading day in positive territory, there was someone there to sell gold shares. The HUI finished almost on its low of the day, down 1.63%. The highs for the day in platinum and palladium came in early morning Far East trading. The HFT boys showed up in platinum immediately, and by 11:30 a.m. in New York, the low was in. The subsequent rally didn’t get far. Palladium didn’t get the same treatment until shortly before 9 a.m. EST. It should be obvious, that the HFT boys were all over these two precious metals yesterday. Here are the charts. You won’t have to ask if “this is it” or not, as it will be self-evident From a net volume perspective, it was a very quiet trading day yesterday, so not too much of anything should be read into yesterday’s price action in gold. Ditto for silver. The tiny rally in early Far East trading wasn’t allowed to bet far, and from there it got sold down to its low of the day, which came at, or just before, the London a.m. gold fix. From there it rallied until precisely 12 o’clock noon in New York, and then chopped quietly sideways into the 5:15 p.m. EST electronic close. The low and high were reported by the CME at $1,279.60 and $1,290.80 in the December contract. Gold closed at $1,290.40 spot, up $3.10 from Thursday’s close. Net volume was fumes and vapours at only 76,000 contracts. The silver shares chopped around either side of unchanged for the entire New York trading session, and Nick Laird’s Intraday Silver Sentiment Index closed down a tiny 0.13%. The silver price didn’t do much until early afternoon in Hong Kong trading, and then got sold down to its low of the day which came shortly after the London open. The subsequent rally got capped about twenty minutes after the Comex open, and the silver price did little of anything after that. The CME recorded the low and high as $20.55 and $20.82 in the December contracts. Silver finished the Friday session at $20.78 spot, up 3.5 cents from Thursday. Net volume was a miniscule 20,500 contracts. The CME’s Daily Delivery Report showed that zero gold and one silver contract were posted for delivery on Tuesday. There were no reported changes in GLD, but there was a small amount of silver added to SLV, as an authorized participant deposited 385,264 troy ounces. There was no sales report from the U.S. Mint. There was very little in/out gold activity over at the Comex-approved depositories on Thursday. 395 troy ounces were reported received, and nothing shipped out the door. As always, it was an entirely different story in silver, as 801,444 troy ounces were reported received, and 751,562 ounces were shipped out. The link to that activity is here. Yesterday’s Commitment of Traders Report pretty much lived up to its advance billing, especially in gold. But silver wasn’t all that bad, either; although I was hoping/expecting slightly better numbers. The Commercial net short position in silver decreased by 16.0 million ounces, and is now down to 113.1 million ounces. Not surprisingly, the technical funds loaded up on the short side and sold some longs as well, as the high frequency traders in the Commercial category set prices lower at the start of the reporting week, and the technical funds followed the script like the brain-dead sheep that Ted Butler says they are. The Commercial traders stood by and happily did the opposite. The big surprise for me, was the substantial increase in the long position in the Nonreportable/small trader category. One would have thought they they would have mirrored the actions of the technical funds, but that was not the case. They increased their net long position by a chunky 2,662 contracts, or 13.3 million ounces. I’ve never seen that before on any price decline, and neither Ted nor myself are sure of what to make of it. The other surprise in silver was that Ted felt that JPMorgan’s short-side corner in silver didn’t decline by much, if at all, and still sits very close to his revised 75 million ounces based on the data from the latest Bank Participation Report that came out on Monday. But, just doing the math, JPMorgan still holds about two thirds of the entire Commercial net short position in silver all by itself. How’s that for concentration? In gold the Commercials traders decreased their net short position by an eye-watering 2.81 million [Comex paper] ounces, and all at the expense of the technical funds that sit in front of their computer screens buying and selling on the moving averages. The Commercials played them like a fiddle again last week. The Commercial net short position is down to 6.58 million ounces. This is not the lowest it has ever been, but it’s darn close. In the process, the non-Commercials sold 4,969 long contracts and bought an astounding 24,815 short contracts, for a total of 2.98 million [Comex paper] troy ounces. The Commercial traders happily did precisely the opposite. But, as in silver, the small traders in gold also ended the week increasing their net long position. It wasn’t much, only 1,669 contracts, but it should have been a decrease as well. I’ve never once mentioned copper in my COT comments, but I will today, as Ted Butler has mentioned it in his report from time to time, and it was the same story there as well. The Commercials tricked the tech funds into selling longs and buying short positions, while JPMorgan et al loaded up on the long side. The Noncommercial/small trader went long for the reporting week as well. I look forward to hearing what Ted has to say about all this in his weekly report to his paying subscribers later today, and if I find something I think you might be interested in, I’ll steal it for my Tuesday column. Here’s Nick Laird’s “Days of World Production to Cover Short Positions” chart for all physical commodities traded on the Comex, updated with yesterday’s COT data. The dollar index closed on Thursday in New York at 81.03. The price traded sideways in Far East trading up until 3 p.m. Hong Kong time. The subsequent rally topped out at 81.15 about 9:40 a.m. in London, and then by 9:15 a.m in New York, the index had fallen down to the 80.81 mark. The smallish rally after that didn’t last, and the index closed at 80.84, which was down 19 basis points from Thursday. Since JPMorgan has a long-side corner in the Comex futures market in gold, their positions won’t be found on this chart. The important take-away from this chart is the monstrous short positions held in all four precious metals, along with the fact that the four largest traders hold the lion’s share of the short position in all, to the point where the holdings of the next ‘5 through 8’ traders are almost immaterial. I have a decent number of stories for your weekend reading pleasure, including a few that I’ve been saving for today’s column. The deliberate nature of the current price decline is good news for future performance because it provides the explanation for why we have dropped so much in silver. We went down in price this year because JPMorgan and other commercial traders tricked the technical funds into selling on progressively lower prices on numerous occasions. The technical funds did well for some time early in the year as prices continued to fall, benefiting initial sales, but the choppy price action over the past few months has hurt the tech funds. But tech fund performance is moot; what is important is that Comex positioning caused the price decline, as is confirmed in COT and Bank Participation Report data. The reason this is also good news is because not only does it explain the decline, it rules out other reasons that would have been much more problematic. Let’s face it, had the big silver price decline been due to widespread investment selling, or collapsing industrial demand or a dramatic surge in mine or recycling output, that would temper future bullish expectations. But as far as I can tell, none of those things occurred; the clearest and most plausible explanation for the silver price decline was the rigging of price on the Comex. – Silver Analyst Ted Butler: 13 November 2013 Today’s pop ‘blast from the past’ is 37 years young, hailing from 1976. It’s amazing where all the times goes. This pop classic was a one-hit wonder for a singer/song-writer named Henry Gross; but what a hit it was! The astonishing story behind this song was that he wrote it about the death of Beach Boy Carl Wilson’s Irish Setter of the same name. You couldn’t make this stuff up! The link is here. Camille Saint-Saëns composed Carnival of the Animals in 1886 shortly after his disastrous concert tour of 1885/86. It’s a humorous musical suite of fourteen movements, and was written for private performance by an ad hoc ensemble of two pianos and other instruments. Saint-Saëns was adamant that the work would not be published in his lifetime, seeing it as detracting from his “serious” composer image. He relented only for the famous cello solo The Swan, which forms the penultimate movement of the work, and which was published in 1887 in an arrangement by the composer for cello and solo piano. Most of the time you hear this played as an encore piece when there’s a cellist as featured soloist, along with the harpist from the symphony orchestra involved. But for purists, the piano/cello duet is the only version worth your while. It’s a miniature masterpiece, and everyone has heard it in one form or another sometime in their lives. The link to the youtube.com video is here. Enjoy! There’s not much to discuss regarding yesterday’s price action in both gold and silver, but there was obvious price interference going on in both platinum and palladium. But as the Commitment of Traders Report so admirably showed, JPMorgan has covered as many short positions as they can in silver, and Ted Butler’s raptors are drowning in their almost-record long positions, and JPMorgan et al are also massively long the gold market, and in copper as well. But where we go from here, and the timing of that event, is only known to a handful of people. Until then, nothing will be allowed to happen price-wise. But the moment that policy changes, it will become immediately obvious in the price, and you won’t have to ask if “this is it” or not, as it will be self-evident. So all we can do until then is twiddle our thumbs and wait it out. That’s all I’m doing. I have nothing else for you today, and I’ll see you here on Tuesday. Celebrate Thanksgiving with Sprott Money’s Thanksgiving Sale! For 2 weeks only (November 15 – 28), enjoy FREE shipping & insurance when you buy $4,999 or more at Sprott Money! Owned and managed by Eric Sprott, Sprott Money Ltd. is a leading precious metals dealer selling gold, silver and platinum coins and bullion bars online and over the phone. Don’t miss your chance! Place your order now at http://store.sprottmoney.com/ or call us at 1-888-861-0775! No coupon code required. Since its inception, Sprott Money has prided itself on superior customer relations, providing its clients with only the highest quality bullion products in addition to delivering them discreetly and on time. Sprott Money also offers allocated, segregated, private and non-bank storage services in the US and in Canada. “In the sea of financial assets and currencies that are being decimated the world over, the one true safe haven continues to be gold.” – Eric Sprott
Add to Queue Millennial Millionaires and Their Prenups — What They Need to Be Thinking About Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. 6 min read –shares Guest Writer Divorce Opinions expressed by Entrepreneur contributors are their own. Next Article November 2, 2018 Bringing up the ‘P’ word before you marry may be awkward. But you can always tell your intended, ‘My lawyer made me do it.’ Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Image credit: fizkes | Getty Images Enroll Now for $5 Copyrighter at Cross Marketing Kristen Gray There are those who say prenups (prenuptial agreements) kill the romance. But would you still think the same if you had a lot to lose should your marriage end in divorce?Related: How Will ‘Brangelina’ Divide Their Millions? And Who Gets the Winery?Over the past 20 years, the use of prenups has increased by a factor of five for millennials, according to the American Academy of Matrimonial Lawyers ( which defines millennials as those ages 18 to 34). From celebs like Kylie Jenner and Justin Bieber — who just signed premarital agreements with their partners — to Travis Scott, and Hailey Baldwin, and the many, many young marrieds active in the startup world, premarital agreements are trending, and for all the right reasons.That’s the view of Bay Area celebrity divorce lawyers Anne Cochran Freeman and Monica Mazzei, who practice family law at Sideman & Bancroft LLP. The two lawyers say they believe that with prenups, today’s entrepreneurs can best protect what they have worked so hard for.“What we are seeing today is an influx of up-and-coming millennials and entrepreneurs,” Mazzei told me. “These people are waiting longer to say, ‘I do,’ which means they typically have more assets, accumulated wealth from a 401(k) and stock options and possibly real-estate ventures.”They could potentially have a lot to lose if a prenup is not put in place. Who is to know that their assets could increase tenfold?”What many people don’t realize is that they also need to protect their intellectual property, not just their tangible assets. After all, people can launch several businesses during the course of a marriage. And, to some founders, a business is something they believe should be solely theirs no matter what.In that case, the very idea of a business has to be protected. “One of our clients simply had a business concept, a company that had not come into fruition. Her fiancé agreed to any future property or assets from said company being hers. The company is now worth $300 million,” Freeman said.In the case of Kylie Jenner and her makeup line, Kylie Cosmetics, the reality star opted to protect what assets she has now and those she will accumulate throughout her marriage, ensuring that her business will not be communal property. Because there are no exceptions to this clause, Jenner is 100 percent protected.Related: 6 Guidelines for Helping Your Business Survive a DivorceHow your startup comes into the mixCompanies today are also opting more and more for agreements where the board comes to an arrangement to protect assets among the partners in case divorces among them occur. “Stock options are a company’s property until an employee leaves the firm or [the company goes] public,” Freeman said. “But what if this employee gets a divorce before leaving, or what if they IPO? Adopting another partner to split stock options is never ideal.”Think of it this way: Every married couple is granted a prenup. This means either an agreement that the partners decide together, or that your state decides for you. Sure, you can always create a postnuptial agreement, but that option tends to become a bit messy should things ever go south.“Its best to arrange for a prenup while you still like one another,” said Mazzei. With millennials’ love of customization, it should be a no-brainer to opt for formulating a prenup with their partners.“A marriage is a two-person team; therefore, a couple needs to carve out some partnership in their marriage,” said Freeman. “This is commonly the family home or the greater salary, while investment properties are best left undivided, but the decision is yours. That’s the beauty of it.”How to bring up the “P” wordConvinced, but not sure how to bring up the topic? The “P” word can be daunting. “Love is in the air and the subject can be awkward, but it doesn’t have to be. Many of our clients blame their parents or their estate planner. It’s better this than to say it’s something you want to have,” said Freeman.Should you decide a prenup is a wise choice for you and your soon-to-be spouse, here are the guidelines to take note of:Make sure you attorney has business knowledge. “They must be business savvy and understand how to best plan for future contingencies,” said Freeman.”Both parties also need to have their own separate attorney for a prenup to be valid.”Plan ahead with a prenup. “It is advised to not start arranging for a prenup less than one month before your marriage,” Mazzei said. “You should get the ball rolling at least three to four months out, especially if you have a lot of property and assets. Our longest prenuptial agreement took a year and a half to finalize because of corporate counsel, working with people outside of the country, an estate-planning attorney, a tax attorney and family business.Pay attention to the details. Does your partner have offshore accounts? Where will you be living? These questions may require tax attorneys and estate attorneys to partner up on what will happen with your valuable assets. “Many of our clients are techies who are originally from China or India, and who now live in the Bay Area: Their agreements involve international attorneys, which increases the amount of time to draft an agreement,” Freeman said.Recognize that no two prenups are alike, because no two couples are alike. “Clients come to see us with examples of a friend’s ironclad contract, but agreements are not one size fits all,” Mazzei said. “There are many variables to consider, and they are unique to each relationship. Are there children involved, or will there ever be? How do children affect financial decisions? There are psychological aspects, and where you plan to live matters, too.”Prepare for the future. “Imagine,” said Freeman, “being divorced from your spouse, who took care of the children and home, and not having a nanny to come to the rescue. After a divorce, many of our Silicon Valley clients who once had their partner handle dinner arrangements, vacation planning and child-rearing while they were at the office, are left with the question, ‘Now, what?'”Related: Shark Tank’s Kevin O’Leary Says Married Entrepreneurs Must Do This or Risk DivorceExperiencing a divorce is a trying time no matter how much or how little money you have, and a breakup causes a ripple effect. You can’t call your ex-wife or secretary, so you turn to someone you trust: your lawyer. If this professional is both a oncierge-level specialist and a personal counsel to you in all the meaning of that word, you just may get back to living your best life — in one piece.
The U.S. Supreme Court on Tuesday declined to hear a challenge to controversial debit card “swipe fee” rules, dealing a blow to retailers, grocers and restaurant owners who argued the charges were unfairly high.Businesses pay the fees to banks when customers use debit cards to purchase goods or services. The fees reimburse banks for costs involved in offering debit cards.The high court’s refusal to hear the case keeps intact a March 2014 ruling by the U.S. Court of Appeals for the District of Columbia Circuit that found the fees set by the Federal Reserve at 21 cents per transaction were appropriate.The dispute between banks and merchants centers around swipe, or interchange, fees that are determined by Visa Inc (V.N), MasterCard Inc(MA.N) and other card networks.Before Congress intervened, retailers paid as much as 44 cents per transaction, which they said made it hard for small businesses to accept debit cards.In 2010, lawmakers ordered the Fed to cap the fees in hopes that would reduce prices for consumers. Banks said lower fees might not cover all of the costs in providing cards, such as monitoring for fraudulent purchases.”Consumers must come first in this process, not the bottom-line of retailers,” said Richard Hunt, president of the Consumer Bankers Association. “This drawn-out fight should put on notice those members of Congress who insist upon interfering with the free market.”The fee cap was included in the 2010 Dodd-Frank law in a provision known as the “Durbin amendment,” after its chief supporter, Democratic Senator Richard Durbin of Illinois. After the law passed, the Fed capped fees at 21 cents per transaction.The National Retail Federation, whose members include Wal-Mart (WMT.N) and JCPenney (JCP.N), the National Restaurant Association and other groups were expecting a much lower cap. They criticized the Fed’s interpretation of Dodd-Frank and, in 2011, sued the regulator.A U.S. district court in July 2013 agreed that lawmakers wanted much lower fees and overturned the Fed’s rule.But the appeals court disagreed, saying in 2014 that Dodd-Frank’s language was sufficiently ambiguous to give regulators leeway to set a higher fee cap.The high court’s decision not to hear the case “means retailers will keep paying billions of dollars more than they should, and that fee-hungry banks will continue to rake in unearned profits that ultimately come out of consumers’ pockets,” said the National Retail Federation’s general counsel, Mallory Duncan.Fed spokeswoman Susan Stawich declined to comment.The case is NACS v. Board of Governors of the Federal Reserve System, U.S. Supreme Court, No. 14-200.(Editing by Will Dunham) –shares Next Article January 20, 2015 3 min read Register Now » Swipe Fees Add to Queue U.S. Top Court Rejects Challenge to Debit Card ‘Swipe Fees’ Rules Learn how to successfully navigate family business dynamics and build businesses that excel. Reuters This story originally appeared on Reuters Free Webinar | July 31: Secrets to Running a Successful Family Business
April 22, 2015 Reuters –shares Add to Queue Register Now » Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Iowa’s Massive Bird Flu Outbreak Prompts Mexico to Ban Imported Poultry, Eggs Mexico, the biggest buyer of U.S. chicken, has halted imports of live birds and eggs from the U.S. state of Iowa due to an outbreak of deadly bird flu there, the Mexican government said on Tuesday.Mexico and other major countries last month imposed new export restrictions on poultry products from various U.S. states, but a new outbreak has hit top U.S. egg-producing state Iowa.Iowa found a lethal strain of bird flu in millions of hens at an egg-laying facility on Monday, the worst case so far in a national outbreak that prompted Wisconsin to declare a state of emergency.Bird flu, also called avian influenza or AI, is a viral disease that infects birds. Officials believe wild birds are spreading the virus but they do not know how it is entering barns.Shares of several leading meat companies’ in the United States fell on Tuesday on concerns over the Iowa outbreak.Mexico’s agriculture ministry said it and animal health body SENASICA had tightened controls and monitoring of migratory wild birds, and it said they were in constant contact with bird farms in Mexico to detect any suspicious cases domestically.The ministry emphasized that Mexico is self sufficient in the production of eggs for consumption, and that Mexican producers import fertilized eggs used for breeding.Iowa was already among 12 states that have detected bird flu in poultry since the beginning of the year. The other states are Arkansas, Idaho, Kansas, Minnesota, Missouri, Montana, North Dakota, Oregon, South Dakota, Washington and Wisconsin. Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals 2 min read Next Article Food Image credit: threeboydad | Foap This story originally appeared on Reuters
According to Forbes, after 2018, more than 80% of consumer internet traffic will come from video contents. To address this growing trend, GVATE launched a custom-made video news wire services for large, medium and small scale law firms to enlarge their reach and increase ROI both locally and nationally. The name of the solution is Law Firm Press.Why is law firm press unique?CAN YOUR PRESS RELEASE MAKE THE HEADLINES TODAY, TOMORROW AND FOR THE NEXT 10+ years? What was once impossible is now a reality.More businesses are realizing the importance of PR distribution services. It’s beyond a newsflash or a database for journalists to cherry-pick news for their editorials. It is now an effective marketing tool deployed by informed business owners to promote news about their businesses and attract big investors or clients to their doorsteps.With a single optimized press release, you can reach hundreds of potential clients and millions of interested readers. With optimized video press releases, you wield the commercial power to continuously convert leads into long-term clients. In addition, SEO experts continuously optimize the video and your web page by building backlinks to your content every month. With every view comes an increase in authority and voice within your industry.Marketing Technology News: Captify and Publicis Media Release New Research Revealing Global Beauty Trends That Will Transform The Larger FMCG EcosystemWhat are some of the features of law firm press video press release?Many of the current crops of PR distribution services are generic in nature and do not offer premium services for law firms like Law Firm Press.Unlike some of the press release out there, law firm press aims to automate growth that is hard to find with standard press release without taking away the human touch of having a professional marketing expert available to address any of your creative needs.Marketing Technology News: iQIYI Launches World’s First Professional Interactive Video Guideline and Video Platform to Standardize Interactive Content CreationSome of the features that the solutions have to offer comprise of the following:Dedicated digital marketing managerVisual digital analytics dashboardMainstream and downstream national media coverageUnlimited word count for press releasesOngoing Search Engine Optimization (research, analysis, and audit)Priority video advertising5% discount off every additional within a 30 day periodOptimized video press releasesYouTube and Vimeo links embeddedPremium News NetworkSocial Media AdvertisingOngoing Backlinks generationIncreased ROIMarketing Technology News: Arvind Fashions Partners With Nucleus Vision to Create a More Seamless and Personalized Shopping Experience Law Firm Press – Video Press Release Solution Aimed At Revolutionizing How Law Firm Press Release Works PRNewswireMay 15, 2019, 7:55 pmMay 15, 2019 custom-made videoForbesGVATELaw Firm PressMarketing TechnologyNewsvideo contents Previous ArticleSoulmates.AI’s new Social ROI Reporter Measures the Real Value of Social Media MarketingNext ArticleUberall Study: Over 20% Using Voice Search Every Week
AndroidB2B admissions portalIoSMarketing TechnologyNewsSearch Engine AppWeRecover Previous ArticleTBWA\Media Arts Lab Appoints Ricardo Adolfo as Executive Creative Director for Japan and KoreaNext Article3 Things to Know About Creating a High-Yielding Marketing Department The WeRecover app supports two user types: prospective patients and treatment providers.Prospective patients (and their families) can:Build a search query based on their clinical needs, contact information, insurance information and budgetMatch with treatment centers where they are admissibleRefine their results by taking a clinical self-assessment (based on models developed by ASAM and the DSM-5) to gauge their acuity and treatment needsFilter their matches by modalities, clinical services, activities, amenities and locationConnect with providers either by SMS or phoneProviders (treatment centers) can:Establish match criteria based upon their capacity to treat different types of clientsManage and view matchesSet capacity requirements so as to not receive matches when they are fullSet hours of availabilityManage communications amongst large, multidisciplinary admissions teamsAdditionally, WeRecover has announced the launch of a new product, MAP (Mobile Admissions Portal), which is available to providers within the WeRecover app. MAP enables providers to:Leverage WeRecover’s CRM to simplify their admissions process and workflowsInstantly check insurance benefitsSecurely send & receive referrals on a HIPAA-compliant cloudMAP utilizes WeRecover’s existing insurance technology and payor integrations to deliver providers a robust set of tools that enable them to check a prospective patient’s insurance benefits in realtime and make an immediate admissions decision. When a patient is inadmissible to a particular treatment program for any reason, MAP simplifies the referral process. Providers, while in communication with patients, can securely identify an appropriate facility for the patient and transmit the patient data to that facility with the patient’s consent.The goal of the WeRecover app, which includes the MATCH and MAP products, is to reduce the time spent by both patients and providers navigating the admissions process, and distill it down to a simple experience that can be navigated in minutes.Marketing Technology News: Adobe Survey Says That Voice and Screen Combined Are the Future Addiction treatment search engine WeRecover announced the launch of the WeRecover app for both iOS and Android. WeRecover is a venture-backed technology company committed to broadening access to care for addiction treatment. They have helped thousands of people find treatment through their website since they launched in 2018. Today, their B2C treatment search engine (MATCH), and new B2B admissions portal (MAP), are now available together via the WeRecover mobile app. WeRecover Launches Addiction Treatment Search Engine App for iOS And Android PRNewswire9 hours agoJuly 23, 2019 WeRecover COO Max Jaffe explained, “We took a deep dive analyzing how people are currently finding and getting into substance use disorder treatment. The reality is: there are many antiquated workflows that have yet to modernize. We’re leveraging sophisticated technological innovation to streamline many of the inefficiencies in admissions workflows in order to simplify the process for people and help them make more informed decisions about their own care. This app helps plug the enormous leakage in case management and continues to progress the ideal of transparency in a vertical of healthcare that desperately needs it.”Marketing Technology News: OpenText Automates Invoicing for Rosneft Deutschland
Reviewed by Kate Anderton, B.Sc. (Editor)Jan 25 2019The crucial hormone insulin needs help acquiring the right structure. A protein that assists in the process of insulin folding has just been discovered in a new study conducted by researchers at the Department of Biomedical Sciences, University of Copenhagen. They hope the new research results can be used to develop treatments for conditions such as increased level of insulin in the blood known as hyperinsulinemia.Even though researchers have been familiar with and studied the hormone insulin for more than a hundred years, especially in connection with diabetes, they still make new discoveries concerning the hormone. Now researchers from the Faculty of Health and Medical Sciences at the University of Copenhagen have uncovered a hitherto unknown process in the production of insulin. The new research results have just been published in the scientific journal Diabetes.Insulin is produced in the beta cells of the pancreas. The hormone is produced as a precursor called proinsulin. For proinsulin to mature into functional insulin, it needs to be folded and processed correctly to acquire the right structure with assistance from proteins that are termed chaperones. The researchers have now discovered and identified such a chaperone. A proinsulin chaperone termed glucose-regulated protein GRP94.’Even though proinsulin has a relatively short sequence, it still needs help acquiring the right structure to become mature, functional insulin. However, several other studies have shown that proinsulin can be folded without help from proteins in artificial cell-free conditions. Yet, our study conducted in live cells shows that proinsulin is not folded correctly and does not acquire the right structure without help from GRP94,’ says last author of the study, Associate Professor Michal Tomasz Marzec from the Department of Biomedical Sciences at the University of Copenhagen.Impaired Insulin Production and SecretionIn the study the researchers removed or inhibited the protein GRP94 in to see what happened with the proinsulin and the cells. They observed that the proinsulin was not folded correctly and the beta cells did not secrete sufficient amounts of insulin. The researchers were surprised though to learn that removal of GRP94 did not affect cell viability. Nothing happened to the cells after they had removed the protein.Related StoriesVirus killing protein could be the real antiviral hero finds studyRNA-binding protein SRSF3 appears to be key factor for proper heart contraction, survivalStudy reveals how protein mutation is involved in Christianson syndrome’This is surprising, because one would anticipate that the beta cells would die from stress when huge amounts of misfolded proinsulin accumulate inside the cells. It is like removing the bearing beam without weakening the construction. This indicates that the GRP94 protein plays a very specialized function and that beta cells are well-prepared to mount effective responses to deal with consequences of misfolding of proinsulin. We are currently working to understand these responses and their biological and pathological consequences,’ says Associate Professor Michal Tomasz Marzec.According to the researchers, the research results may make it possible in the future to manipulate the process from proinsulin to insulin in the body’s beta cells. If you can use medicine to inhibit the assistant protein, the result would be reduced insulin secretion. This would be useful in connection with conditions like hyperinsulinemia, where the body produces too much insulin. In the long term, they also hope the new knowledge will be useful in connection with types 1 and 2 diabetes.’We hope this new discovery will guide the development of novel drugs. Understanding the biological processes behind the production of insulin in the cells will enable us to modify the processes. We thus hope we will be able to inhibit overproduction of insulin as it occurs in children and adults with hyperinsulinemia. In the long term we also hope we will be able to increase the production of insulin, ease the large production burden of beta cells in connection with type 2 diabetes and to maintain their secretion function for longer without the need for insulin injections,’ says Associate Professor Michal Tomasz Marzec. Source:https://healthsciences.ku.dk/newsfaculty-news/2019/01/researchers-discover-key-protein-in-the-production-of-insulin/
Source:https://uth.edu/news/story.htm?id=7847eef9-c204-4e6b-b9da-6f3a294a328d Reviewed by Alina Shrourou, B.Sc. (Editor)Feb 4 2019Only 1 in 20 U.S. adolescents is meeting national recommendations for sleeping, physical activity, and screen time, according to new research by The University of Texas Health Science Center at Houston (UTHealth).The study, published today in JAMA Pediatrics, also revealed differences in the findings between females and males, with just 3 percent of girls reaching all three guideline targets, compared to 7 percent of boys.”There is plenty of evidence to show how teenagers aren’t getting enough physical activity, or sufficient sleep, or keeping their screen time in check. But this is the first time these three factors, which have a crucial bearing on a child’s health, have been analyzed together among a nationally representative sample of U.S. adolescents,” said first author Gregory Knell, PhD, a postdoctoral research fellow at UTHealth School of Public Health in Dallas. “The results are a wake-up call for everyone who wants to make sure our children have a healthy future.”Related StoriesI’m a CPAP dropout: Why many lose sleep over apnea treatmentOlympus Europe and Cytosurge join hands to accelerate drug development, single cell researchSleep makes synapses ready for new learningIt is recommended by the National Sleep Foundation that children ages 14-18 sleep eight to 10 hours a night. The U.S. Department of Health and Human Services recommends at least an hour of moderate or vigorous physical activity daily, and limiting screen time to less than two hours.The research involved nearly 60,000 American high school students, using data from the 2011-2017 Youth Risk Behavior Surveillance Survey.”By far the most startling finding was how few adolescents across the board are meeting all three recommendations,” Knell said. “I expected the percentage of adolescents meeting all three requirements concurrently to be low, but not this low.The combined effect on children’s overall health could be considerable in terms of their physical health, emotional well-being, and academic performance.”The study further examined other attributes of the child – age, race or ethnicity, weight, and mental health – and how these were linked to sleep, physical activity, and screen time.Findings showed older teenagers, non-Hispanic black children, Asian children, those classified as obese, and those who showed signs of depression were the least likely to meet all recommendations when compared to their counterparts.The paper calls for more research to better understand the relationship among sleep, physical activity, and screen time by exploring the effect these behaviors have on each other and their wider implications over time. It also urged doctors to ask patients about these behaviors, provide them and their parents with advice, and make any necessary specialist referrals.”These findings are only scratching the surface and demonstrate a need to learn more about the role parenting style and home environment may play in increasing or curtailing these behaviors,” Knell said. “Although the study confirms and further reveals how few children are leading optimal lifestyles, it also raises many questions about what can be done to reverse that trend and improve their health.”
Innovation in cancer care doesn’t always mean you have to create an entirely new treatment, sometimes it means radically innovating on proven therapies such that they’re redesigned to be accessible to the majority of the world’s population.”Bailey Surtees, Johns Hopkins University biomedical engineering graduate and the study’s first author Reviewed by James Ives, M.Psych. (Editor)Jul 15 2019A new reusable device created by the Johns Hopkins University can help women with breast cancer in lower income countries by using carbon dioxide, a widely available and affordable gas, to power a cancer tissue-freezing probe instead of industry-standard argon.A study detailing the tool’s success in animals was published this month in PLOS One. “This project is a remarkable example of success from the Biomedical Engineering Design Program,” says Nicholas Durr, an Assistant Professor of Biomedical Engineering at Johns Hopkins and the study’s senior author. “This team of undergraduates has been so successful because they created a practical solution for the problem after really understanding the constraints that needed to be met to be impactful.”The largest cause of cancer-related mortality for women across the globe, breast cancer disproportionately affects women in lower-income countries due to lack of treatment. While the survival rate for women in the United States is greater than 90%, they are significantly lower at 64%, 46% and 12% in Saudi Arabia, Uganda and The Gambia, respectively.”Instead of saying ‘She has breast cancer,” the locals we met while conducting focus groups for our research said ‘She has death,’ because breast cancer is often considered an automatic death sentence in these communities,” adds Surtees.In lower-income countries, the main barriers to treating breast cancer are inadequate treatment options–with surgery, chemotherapy and radiation being impractical or too expensive–and long travel times to regional hospitals where efficient treatment is available. Even if a woman is able to travel to a hospital for treatment, she may not be seen and recovery times will keep her out of work for an additional few weeks.Killing cancerous tissue with cold, or cryoablation, is preferable to surgically removing tumors in these countries because it eliminates the need for a sterile operating room and anesthesia, thus making it possible to local clinics to perform the procedure. It’s also minimally invasive, thereby reducing complications such as pain, bleeding and extended recovery time.Related StoriesHow cell-free DNA can be targeted to prevent spread of tumorsTrends in colonoscopy rates not aligned with increase in early onset colorectal cancerNew protein target for deadly ovarian cancerCurrent cryoablation technologies, however, are too expensive, with a single treatment costing upwards of $10,000, and are dependent on argon gas, which typically isn’t available in lower-income countries, to form the tissue-killing ice crystals.With these barriers in mind, the student-led research team, named Kubanda (which means “cold” in Zulu), wanted to create a tissue-freezing tool that uses carbon dioxide, which is already widely available in most rural areas thanks to the popularity of carbonated drinks.The research team tested their tool in three experiments to ensure it could remain cold enough in conditions similar to the human breast and successfully kill tumor tissue.In the first experiment, the team used the tool on jars of ultrasound gel, which thermodynamically mimics human breast tissue, to determine whether it could successfully reach standard freezing temperatures killing tissue and form consistent iceballs. In all trials, the device formed large enough iceballs and reached temperatures below -40 degrees Celsius, which meets standard freezing temperatures for tissue death for similar devices in the United States.For the second experiment, the team treated 9 rats with 10 mammary tumors. Afterwards, they looked at the tissue under a microscope and confirmed that the tool successfully killed 85% or more tissue for all tumors.Finally, the team tested the tool’s ability to reach temperatures cold enough for tissue destruction in the normal liver of a pig, which has a temperature similar to a human breast. The device was successfully able to stay cold enough during the entire experiment to kill the target tissue.”When we started the project, experts in the area told us it was impossible to ablate meaningful tissue volumes with carbon dioxide. This mindset may have come from both the momentum of the field and also from not thinking about the importance of driving down the cost of this treatment,” says Durr.While the results are promising, the device still requires additional experiments before it’s ready for commercial use. Mainly, the research team’s next steps are to ensure it can consistently kill cancer tissue under the same heat conditions as human breast tissue.In the near future, the team hopes to continue testing their device for human use, and expand its use to pets. Source:Johns Hopkins UniversityJournal reference:Surtees, B. et al. (2019) Validation of a low-cost, carbon dioxide-based cryoablation system for percutaneous tumor ablation. PLOS ONE. doi.org/10.1371/journal.pone.0207107.
For apartment building owners, Google Fiber can be a tough sell Explore further Citation: Plymouth startup creates One Spot app to streamline work of property managers (2018, April 27) retrieved 18 July 2019 from https://phys.org/news/2018-04-plymouth-startup-app-property.html Whether it’s the condition of the HVAC system or the locations of the utility meters, his team would jot down details on paper and take photos before the findings were cut and pasted together to form a report, a process that could take several weeks.But with the help of new Twin Cities property management software One Spot, Jackson’s team can complete their assessments in a fraction of the time and save a large chunk of money.”It takes an enormous amount of time to put these together. … Now, we can turn and burn these things,” said Jackson, vice president of Engineering and Property Services at the Twin Cities office of real estate company Colliers International.One Spot had its full commercial launch last month as a tool for property inspectors, tenants and primarily property managers who oversee the day-to-day maintenance of commercial properties like office buildings, industrial warehouses and retail strip malls.The Plymouth startup allows users to report on property repairs and assets in real-time. The mobile app lets property managers and tenants take photos of areas around their property that need repair and upload their geolocation points (the software is integrated with Google Maps). The points can be tagged with different categories and comments before they are e-mailed out for bids for contractors or pushed to internal team members. Tenants can also report issues and can see when a problem is fixed as well.”The commercial property manager, they are operating with things that are 10 years old. … Everything is so disorganized,” said Keith Pelatowski, chief executive of One Spot.Technology is better used in residential management of large apartment complexes than in commercial property management, Pelatowski said.Many times, property managers communicate with tenants and contractors through a mix of Snapchat, text, e-mail, and phone calls. But some communication can often fall through the cracks, Pelatowski said, with managers sometimes not hearing from tenants about issues, work being executed without managers and tenants knowing it was completed, and fees not being collected for work done. Before a client buys a commercial building, Tim Jackson’s team of maintenance technicians has to walk the property to check for any potential issues. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. ©2018 Star Tribune (Minneapolis) Distributed by Tribune Content Agency, LLC. One Spot is supposed to help streamline communication and improve the workflow, Pelatowski said.One Spot was the brainchild of Rich Byrne and Steve Bartz, co-owners of Twin City Outdoor Services, or TCOS, a concrete-replacement and snow-management company. Several years ago, TCOS created an internal digital platform to keep track of bid work more efficiently. The clients liked what they saw, which led Bartz and Byrne to invest in a platform that could serve a range of users. After about two years of development, One Spot was piloted last year by 30 property-management companies in the Twin Cities.”What is really exciting is the ‘user-centered design’ approach, which means our customers can directly shape the future of the software based on their input and needs—in order to solve their problems,” Byrne said in a statement.Colliers’ engineering and property services division helped to test the One Spot program and became an official client at the beginning of this year. According to a case study, One Spot on average reduced Colliers’ time spent on a property condition assessment report from 40 hours to six hours and the cost to complete the report from $769 to just $115.Utilizing One Spot has also had a beneficial impact on Colliers later winning more business to continue to provide maintenance for a property, Jackson said. While there are other technology services that Colliers could use, they normally cost more and have longer contracts, Jackson said.”The (One Spot) program and the economics fit well for us,” he said.Colliers’ property management division also piloted the program last year with some of its portfolio. After recently reviewing some of the program’s updates, the department is considering becoming an official client, said Brett Greenfield, portfolio manager at Colliers.”I think that it is a fantastic app and I think that it definitely can improve the lives of our property managers in certain situations,” he said.There are other improvements that the One Spot team is already planning. Future development could include augmented-reality technology and possibly 360 degree views to better service the inside of multilevel buildings and give One Spot “a bit of a competitive advantage,” Pelatowski said. The company plans to also expand its focus to include the property management of residential complexes.
© 2018 AFP Researchers at Israeli cybersecurity firm said Wednesday they had found a flaw in WhatsApp that could allow hackers to modify and send fake messages in the popular social messaging app. CheckPoint said the vulnerability gives a hacker the possibility “to intercept and manipulate messages sent by those in a group or private conversation” as well as “create and spread misinformation”.The report of the flaw comes as the Facebook-owned is coming under increasing scrutiny as a means of spreading misinformation due to its popularity and convenience for forwarding messages to groups.Last month, the app announced limits of forwarding messages following threats by the Indian government to take action after more than 20 people were butchered by crazed mobs after being accused of child kidnapping and other crimes in viral messages circulated wildly on WhatsApp.WhatsApp said in a statement: “We carefully reviewed this issue and it’s the equivalent of altering an email to make it look like something a person never wrote.”However, WhatsApps said: “This claim has nothing to do with the security of end-to-end encryption, which ensures only the sender and recipient can read messages sent on WhatsApp.”The app noted it recently placed a limit on forwarding content, added a label to forwarded messages, and made a series of changes to group chats in order to tackle the challenge of misinformation.Founded in 2009 and purchased by Facebook in 2014, WhatsApp said that at the beginning of the year it had more than 1.5 billion users who exchanged 65 billion messages per day. Explore further WhatsApp curbs India service after lynchings Social messaging app WhatsApp has more than 1.5 billion users who exchange some 65 billion messages per day Citation: Researchers find flaw in WhatsApp (2018, August 8) retrieved 18 July 2019 from https://phys.org/news/2018-08-flaw-whatsapp.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
Manohar Parrikar had allayed fears on PMO’s role in Rafale deal: Nirmala Sitharaman SHARE SHARE EMAIL COMMENT Nirmala Sitharaman, Defence Minister – File photo Rafale jets to join IAF fleet soon: President Kovind February 08, 2019 RELATED Responding to The Hindu’s expose on the Rafale deal, the Centre and the BJP said both the newspaper and opposition parties are flogging a dead horse. The BJP fielded Defence Minister Nirmala Sitharaman and HRD Minister Prakash Javdekar to defend Prime Minister Narendra Modi and his office, as the Opposition said the report made it clear that the Centre has something to hide.Sitharaman said in Lok Sabha that the report should have also carried the reply of the then Defence Minister Manohar Parrikar. “If the newspaper wanted to bring the truth out, I would have thought that it was incumbent upon that newspaper to put the reply of the then Raksha Mantri also on record,” she said. “The then Raksha Mantri, Parrikar, had very clearly said… in response to the file noting of the then Defence Secretary… ‘remain calm, there is nothing to worry, things are going all right’,” she added.She said that the PMO’s enquiries about the progress of any work cannot be construed as an interference and added that every question on Rafale is over and done with. “The newspaper and the opposition parties are flogging a dead horse. In other words, they are like what the PM said yesterday (Thursday)… playing into the hands of multi-national corporations and with vested interests keeping the issue alive,” she claimed. “They are not interested in the Indian Air Force getting powerful. They are not interested in the Indian Air Force becoming empowered. They are working to the tunes of multi-national corporate warfare ,” she said. Javadekar said the “lie-manufacturing factory” of Rahul Gandhi continues to operate and “he has served us yet another lie”. “We absolutely reject his allegations,” Javadekar told reporters. “Rahul Gandhi and the Congress are working to get the Rafale deal scrapped. They are playing into the hands of foreign forces and companies with vested interests,” he added. He reiterated the BJP’s allegation that the UPA government had finalised the Rafale deal in 2011 but did not go ahead with it because it had not got any commission. “There cannot be a deal in a Congress government without any commission,” said Javadekar. “The Supreme Court has said there is no scam in the Rafale deal. Gandhi does not accept it. Repeating a lie would not make it true,” he added. politics SHARE COMMENTS Defence Secretary’s note on Rafale strong evidence against Modi: Rahul PM has stolen people’s money: Rahul Rahul leads barrage on Modi, Govt; Parliament rocked Published on