first_imgTouch Football Australia have released the fourth edition of the High Performance Herald Newsletter. The Christmas edition gives the latest news and views from deep inside the Australian Camp as the seven National Teams approach the closing stages of their preparation phase for the Federation of International Touch World Cup in Stellenbosch, South Africa 17-21 January 2007.Please open the below attachment to read the High Performance Herald – Volume 4.Related Fileshigh_performance_herald_volume_4-pdflast_img

7 days agoLiverpool boss Klopp snappy over claims Man Utd underdogs

first_imgAbout the authorPaul VegasShare the loveHave your say Liverpool boss Klopp snappy over claims Man Utd underdogsby Paul Vegas7 days agoSend to a friendShare the loveLiverpool boss Jurgen Klopp has played down their favourites tag against Manchester United.The two fierce rivals will go toe-to-toe at Old Trafford on Sunday.”On Sky you made a combined line-up and had 11 players of Liverpool. It’s like a joke, like building a banana skin,” Klopp said in his Friday press conference.”The world at the moment is like a circus, and we are at the centre. I’m not influenced by it. I am 100 per cent sure of the strength of Manchester United.”The German also casted doubt on the injuries of Paul Pogba and David de Gea who have been ear-marked to miss the encounter.He added: “Yesterday, Pogba and De Gea there is ‘no chance’. Today it is ‘maybe’, tomorrow it is ‘a chance’!” last_img read more

Ministry of Economic Growth and Job Creation Takes Over RMF

first_imgStory Highlights Mrs. Johnson Smith said the organisational structure identified is one that will ensure that the functions previously performed by the RMF will be satisfactorily performed and buttressed by the Human Resource Management and Information Technology (IT) services resident within the Ministry. Seven new posts have been created within the Ministry of Economic Growth and Job Creation to accommodate persons who will be displaced as a result of the impending closure of the Road Maintenance Fund (RMF).There will be two accounting jobs and five positions in the technical services division, which will first be advertised among the former officers of the RMF.This was disclosed by Minister of Foreign Affairs and Foreign Trade and Leader of Government Business in the Senate, Hon. Kamina Johnson Smith, while piloting the Road Maintenance Fund (Repeal) Bill in the Senate on Friday (November 24).She explained that the addition of the new posts will serve to boost the capacity of the Ministry in these areas.“The addition of these posts to the Ministry’s technical team will enhance the Ministry’s general capacity and its engineering capacity to properly execute and manage the duties, functions and responsibilities formerly carried out by the RMF,” she said.The closure of the RMF is being undertaken as part of the Government’s public sector transformation exercise. The Fund, which finances main road maintenance activities across Jamaica, is one of the public bodies identified to be abolished and its functions transferred to its parent Ministry – the Ministry of Economic Growth and Job Creation.Mrs. Johnson Smith said the organisational structure identified is one that will ensure that the functions previously performed by the RMF will be satisfactorily performed and buttressed by the Human Resource Management and Information Technology (IT) services resident within the Ministry.She argued that the absorption of the RMF within the Ministry responsible for Works “makes good sense”, and is an example of how the public sector can be more efficient with a shared services model.“As mergers and closures occur, and as shared services are implemented, we must acknowledge that there will, inevitably, be some displacements, but we must also be mindful that there will be opportunities for growth. A more efficient Government that delivers more will support growth, and users of Government services will benefit from a higher quality of service delivery,” she said.Senator Johnson Smith further noted that the rationalisation of public bodies to align to service delivery to increase efficiencies and to reduce costs is an imperative of the Government.As a result of the absorption, she said, the Government will save $35 million on the direct cost related to the operations of the RMF, based on the transfer of the funds to the Ministry.This includes rental, board fees, office expenses, electricity and general administration costs.“The salaries and related costs of approximately $51 million will be substantively reduced since the Human Resources Management, IT and Administrative functions and some of the technical functions will be subsumed into the existing divisions of the Ministry,” she said.She further informed that separation costs have been calculated at approximately $20 million.The Bill was approved by the Senate. It seeks to repeal the Road Maintenance Fund Act and to discontinue the Road Maintenance Fund, to transfer the functions performed by the Board of management of the RMF to the Ministry with responsibility for Works, and to transfer all the monies held in the name of the Fund or due to the Fund into the Consolidated Fund. Seven new posts have been created within the Ministry of Economic Growth and Job Creation to accommodate persons who will be displaced as a result of the impending closure of the Road Maintenance Fund (RMF). “The addition of these posts to the Ministry’s technical team will enhance the Ministry’s general capacity and its engineering capacity to properly execute and manage the duties, functions and responsibilities formerly carried out by the RMF,” she said.last_img read more

Googles chief economist talks tech backlash fake news and taxation

first_imgTORONTO – Everywhere Google’s chief economist Hal Varian goes, people want to ask him what Google is working on.He usually tells them “everything you can think of plus a lot more” because the tech giant has its hands in everything from internet searches to advertising, news and even autonomous vehicles.As Google prepares to mark its 20th anniversary in Canada, Varian sat down with The Canadian Press on Wednesday to talk about the company, its role in the country and some of the technology sector’s most pressing challenges — fake news, automation, backlash against human dependence on devices and a growing debate around taxation.What do you see as Google’s role in Canada?Google is a huge facilitator. Canada is a country where exports are very important, particularly exports to the U.S. and so you want to make sure that your products are recognized there and the great thing about using Google for advertising is it can be so targeted. I once talked to a mathematician who built the best program in the world for a certain type of optimization. He said, “it’s a wonderful product, but there are only 100 users in the world. How do I find them?” So you type in mixed integer quadratic programming into Google and you get these nice academic papers and there’s an ad for his software. That’s specialized. The only medium you can effectively advertise on is a search medium.Google put out a report with Deloitte this morning looking at its economic impact in Canada. Among other things, it said that Google search ads from Canadian businesses supported between $10.4 and $18.5 billion in economic activity or 112,000 to 200,000 full-time jobs. What was your big takeaway from the report?One of the remarkable things for Canada in that report is that 35 per cent of all clicks are coming from outside of Canada. That means you are really reaching a global market and I haven’t seen that in the other reports (from other countries).What other differences did you see between Canada and other markets?There are probably more searches for hockey per capita than in say Hawaii.Do you think Google should be threatened by some of the other social media players who are carving out a big advertising business themselves?I think we are still king, but uneasy lies the head that wears the crown. We can’t be complacent about that. We keep looking at developments and we are expanding into lots of other technology areas, like autonomous vehicles, artificial intelligence and cloud computing.Lately in Canada there has been a lot of discussion around whether technology companies should be charging and paying tax on advertising on their platforms. How do you feel about that?I think that is up to Canada. If they draft a law that says advertising companies need to pay tax, of course we will pay. But right now, as I understand the situation, it is pretty ambiguous whether or not this tax is happening.So it’s best left up to the government then?Well, of course, to tax anything the government has to pass a bill or amend a bill that describes what is being taxed and how the data will be collected and how it will be remitted. You can’t just say send me a cheque.Do you find one of the biggest challenges Google is facing is fake news?Not so much on the ad side of things, (but) fake news on content that is trying to draw attention to itself for one reason or another. (When it comes to) people that advertise stuff that is bogus, we do a pretty good job of weeding out a lot of that stuff.If you want to find spurious news about Hollywood gossip, you can go to the supermarket or you can go to YouTube. There’s a lot of that stuff around, but we try to control it so far as we can.On Google News, we have a pretty carefully curated process to get people to legitimate news. It doesn’t always work. Things slip through, but by and large, it’s a pretty trustworthy sources, we think.What is the biggest challenge facing the tech sector?On the policy side of things, we hear the word techlash, like backlash against technology. People are saying the world is facing all these problems with fake news and hostile powers and exploitation of this and that. That is of course much more difficult to deal with because it is vague and amorphous.Technology is changing quickly and things are happening and so there is a certain amount of anxiety, but I do believe that will be overcome as people learn the value of tech.What should be done to help humanity overcome techlash?You have to recognize there are changes going on. Those changes are primarily going help people live better, more productive, more useful and more stimulating lives, but you also have to build some controls over those things. It is the same with automobiles, with telephones, with steam engines.What role do you think Google should have in the techlash?The very first thing is understanding it and once we think we have an understanding of it, we think about policies that might be helpful in dealing with issues that could arise.You have been working on a paper that recently touched on this and labour. Can you talk a bit about the major takeaways?We’re going to see a significant decline in the labour force in the next 20 or 30 years basically because the baby boomers are retiring and what that means is you’ve got to produce more output to provide consumption opportunities for all those people. With the labour force declining, we are in good shape compared to countries like Japan, China, Korea, Taiwan, Germany, Italy, Spain, where they’re seeing quite significant declines. Without technology, without some increase in productivity, we’re in big trouble.With those labour declines and Google looking into automation, will robots take over the world?Robots are going to augment human labour for the most part. That is true with all of the technological advances, despite the anxiety that goes along with them. Augmenting labour gives you more jobs and less work, which is what most people are seeking.This interview has been edited and condensed for clarity.last_img read more

Stock market experts say this is a stumble not a plunge

first_imgWhoa, what was that?After months of relative calm, Wall Street has been jolted by a sudden run of turbulent trading.The swoon wiped more than 1,300 points from the Dow Jones Industrial Average over two days and dragged the benchmark S&P 500 index down more than 5 per cent. The VIX index, which measures how worried traders are about a decline in stocks, climbed Thursday to its highest level since February, when the S&P last had a correction, or a 10 per cent drop.What now?Experts say this new eruption of market volatility should not be surprising, especially after the long stretch of relative calm investors have enjoyed.Over the summer, traders set aside worries about the escalating U.S.-China trade dispute and instead focused on more encouraging developments: solid economic growth and record corporate earnings. It helped that stocks were on the rise — the S&P 500 hit an all-time high just four weeks ago.So after several months of gains, a pullback would be expected, said John Lynch, chief investment strategist at LPL Research.“Volatility is back and it may require more active strategies on the part of investors to pursue their long-term goals,” Lynch said. “Volatility is also not to be feared, but embraced, as varying data points will cause bouts of market anxiety. But remember that fundamentals are still strong.”The economy is indeed quite strong by many measures — consumer spending is growing, unemployment is low and manufacturing surveys are near record levels. And many experts say that is more important than the market’s daily ups and downs.So what’s behind this week’s upset?Investors have grown concerned about a recent, steep drop in U.S. government bond prices and an ensuing upward move in bond yields, which makes bonds more attractive relative to stocks. The market is also worried about rising interest rates, which tend to climb on expectations of future economic growth and inflation and can increase costs for business — slowing growth and dampening corporate profits.“There’s some concern that third-quarter earnings could be maybe a little bit less robust than they were in the second quarter and there could be more pressure on profit margins,” said Willie Delwiche, investment strategist at Baird.Worries about a slowdown in the global economy and the escalating U.S.-China trade dispute also have contributed to investors’ unease. And markets typically see increased volatility in months preceding midterm elections.“We are not surprised by the uptick in volatility toward more normal levels,” market strategists at Wells Fargo Investment Institute wrote in a report Thursday, adding that “it’s too soon to say that the pullback is over.”Having bonds and equities selling off may feel like the worst of both worlds for investment portfolios, but the market’s shift isn’t as bad as it might seem, said Michael Crook, head of institutional strategy at UBS Global Wealth Management.He notes that the S&P 500 is basically back to where it was during the summer, and only down slightly from its all-time high. In addition, the negative return in bonds barely registers when one considers how bonds have performed this year.“That’s very normal volatility, and while it has been acute — like all market drops — it only erases a few weeks of gains,” Crook said.The market’s stability in 2017 may have given investors a false sense of security too, said Nationwide Chief of Investment Research Mark Hackett. The fundamental strength of that year resulted in historically low volatility and market pullbacks.One natural reaction to increased volatility is the inclination to get off the wild ride and sell. If you have a lengthy time horizon for the investment, say a decade, the general recommendation is to resist that temptation. Stocks have historically offered some of the biggest returns over the long term for investors.For investors who want less volatility, bonds, savings accounts or other investments offer less risk. The trade-off is that returns over the coming decade will likely be lower.Remember that what is happening in the headlines is not necessarily what is happening in your portfolio, said Judith Ward, a senior financial planner at T. Rowe Price.Still feeling jumpy? Review your portfolio and make sure your holdings are where you want them to be and that they’re on course to meet your goals. Rebalance the portfolio, if needed, but resist the urge to flee.Any financial adviser will remind you that those who sold in the depths of the global financial meltdown missed out on big gains in years that followed.last_img read more

Gluts price differential Six things to know about Canadas oilprice gap

first_imgEDMONTON — The Alberta government has ordered a mandatory cut to crude oil production next year to deal with historically low prices being paid for Canadian oil. Here are six things to know about Canada’s resource:Light or heavy: Each type of oil around the world has its own price. New-York-traded West Texas Intermediate (WTI), delivered at Cushing, Okla., is the benchmark price for light crude oil in North America. Western Canadian Select (WCS) is the reference price for heavy crude oil from the oilsands delivered at Hardisty, Alta.Price differential: Canada’s heavy crude usually trades at a discount because of refining and transportation costs, so a price gap or differential is typical between WTI and WCS.Record gap: The differential is usually between US$10 to US$15 per barrel. The biggest gap — US$52 per barrel — was recorded in October. Experts say the extreme discount happened due to a reliance on high-cost transportation — rail and truck — instead of new pipelines.The glut: Alberta says about 190,000 barrels of raw crude oil and bitumen are being produced each day that can’t be shipped out. Roughly 35 million barrels, about twice the normal level, are in storage.Cutting production: The province has ordered the output of raw crude oil and bitumen to be reduced by 8.7 per cent, or 325,000 barrels per day, starting in January. As the excess storage clears, the reduction is expected to drop to 95,000 barrels a day until the end of next December. The move is expected to narrow the differential by at least $4 per barrel.Winners and losers: Calgary economist Trevor Tombe says $4 per barrel doesn’t sound like much but, over a year, it’s worth about $1 billion to the Alberta government’s budget. While some companies will also benefit, those with their own refining and upgrading operations may not.The Canadian Presslast_img read more

Legal pot costs 970 per gram versus 651 on illicit market StatCan

first_imgOTTAWA — Statistics Canada says that the average price of a legal gram of recreational pot last year was $9.70, nearly 50 per cent higher than the illicit market price of $6.51.The agency says it received 385 price quotes deemed plausible using the StatsCannabis crowdsourcing application between Oct. 17, when adult-use pot became legal in Canada, and Dec. 31.It added that roughly half of the respondents told the agency they bought recreational pot from a legal supplier.Statistics Canada also says the average amount of non-medical cannabis purchased from an illegal supplier was more than double the quantity bought from legal channels, such as government-run stores or websites.Respondents told the agency since Oct. 17 they purchased an average of 17.2 grams from illegal suppliers, compared with 8.3 grams from legal retail outlets or online for mail delivery.However, availability of legal cannabis amid widespread product shortages across Canada since legalization day may be a contributing factor.The Canadian Presslast_img read more

MCC violations by PM Modi Shah SC seeks EC response

first_imgNew Delhi: The Supreme Court Tuesday sought the response of the Election Commission on a plea by a Congress MP alleging Model Code of Conduct (MCC) violations by Prime Minister Narendra Modi and BJP chief Amit Shah on their alleged hate speeches and using armed forces for “political propaganda”.A bench headed by Chief Justice Ranjan Gogoi said the poll panel was free to pass orders on the complaint of Sushmita Dev, Congress Lok Sabha MP from Silchar in Assam and President of ‘All India Mahila Congress’. Also Read – India gets first tranche of Swiss account details under automatic exchange frameworkThe bench, also comprising Justices S K Kaul and K M Joseph, fixed Dev’s plea for hearing on Thursday. Dev has alleged that “inaction” by EC on complaints against top BJP leaders was “a sign of invidious discrimination” as also “arbitrary, capricious and impermissible” as it was destructive of the integrity of the electoral process. In a related development, the Election Commission Tuesday gave a clean chit to Prime Minister Narendra Modi for his April 1st speech in Wardha. While referring to Congress president Rahul Gandhi’s decision to also contest from Kerala’s Wayanad constituency, PM Modi had said the party was taking “refuge in areas where the majority is in minority”. See insidelast_img read more

Algeria PM to run Bouteflika reelection campaign new premier named

first_imgALGIERS – Algeria’s Abdelaziz Bouteflika appointed Energy Minister Youcef Yousfi as interim premier on Thursday, as outgoing Abdelmalek Sellal was formally tasked with running the ailing president’s campaign for re-election next month.The mini cabinet re-shuffle, which also saw former premier Ahmed Ouyahia named director of the president’s office, came just weeks ahead of the election, which is likely to see the 77-year-old president secure a fourth term, despite serious concerns about his health.The decision to put the current prime minister in charge of Bouteflika’s re-election campaign was widely expected. Sellal was closely involved in the two previous election campaigns that returned the president to power, in 2004 and 2009, and has spent much of the past year travelling around the country defending Bouteflika’s track record.Another former prime minister, Abdelaziz Belkhadem, was named special adviser to the president, according to the statement from Bouteflika’s office.Earlier, six candidates including Bouteflika were approved to run in the April 17 leadership contest, the head of a constitutional panel announced.Mourad Medelci, in a statement read out on public radio, listed the other candidates as Abdelaziz Belaid, Ali Benflis — an independent who is considered the main challenger to Bouteflika — Moussa Touati, Louisa Hanoune and Ali Fawzi Rebaine.The panel ruled out six other hopefuls.Campaigning officially begins on March 23 and will last until April 13.There is growing anger and derision in Algeria over Bouteflika’s decision to run, due to his fragile health, with many critics arguing that he is in no fit state to run the country.Hospitalised for three months in Paris last year after suffering a mini stroke, he has spoken in public only once in the past two years, and appears frail, and invariably seated, on the very rare occasions when he has been seen in public.last_img read more

Mexico boss hails his sides bravery following shock win over Germany

first_imgMexico boss Juan Carlos Osorio has hailed the bravery of his side as they produced a shock victory over defending world champions Germany on SundayPSV striker Hirving Lozano finished off a superb counter-attack to score a close-range finish in the 35th minute of the encounter to give Mexico the lead at the Luzhniki Stadium.Toni Kroos almost scored an equaliser for Germany from a free-kick, but the Tri held on to secure a famous win.Speaking after the match, Osorio revealed that he had planned a long time ago to expose Germany’s weak points.“We had plans six months ago to have two quick players on the wings,” he said, according to the Irish Times.Top 5 Bundesliga players to watch during the weekend Tomás Pavel Ibarra Meda – September 11, 2019 With the international activity cooling down for the next month, we go back to the Bundesliga’s Top 5 players to watch next weekend.The German…“We chose Hirving [Lozano, the game’s only goalscorer], our quickest player, and Miguel Layún, an offensive midfield player.“In the first half, we managed today to hit them on the counter many times. We could have scored earlier. With all due respect, we were superior to them.“In the second half, they attacked more and they made the substitutions they tend to make. We had prepared for the use of Mario Gomez in attack. We practised defending with four defenders and three players up front and that was how we almost scored a second goal. I’m very satisfied with what we did.“For the players today the phrase was to play for the love of winning not the fear of losing. And that is exactly what they did. They played with real bravery.”Mexico will next play South Korea on Saturday in Rostov-on-Don in Group F.last_img read more

Prominent cancer researcher at Salk Institute suspended over sexual assault allegations

first_img KUSI Newsroom, April 23, 2018 Posted: April 23, 2018 Categories: Local San Diego News FacebookTwitter Prominent cancer researcher at Salk Institute suspended over sexual assault allegations KUSI Newsroom Inder Verma, Salk Institute for Biological StudiesSAN DIEGO (KUSI) — A prominent scientist and cancer researcher at the Salk Institute for Biological Studies in La Jolla has been suspended over apparent sexual misconduct allegations.Inder Verma, 70, was placed on leave by the Salk Institute’s board of trustees over the weekend, apparently after receiving a list of detailed questions last week from the magazine Science regarding allegations of sexual harassment.The Indian-born Verma, hired at Salk in 1974, is also an adjunct professor at the University of California, San Diego, and a highly regarded gene therapist who completed his studies in India and Israel before completing his postdoctoral research at the Massachusetts Institute of Technology. His suspension is another blow for the Salk Institute, which last year was accused of gender discrimination in three separate lawsuits filed by female employees.As part of those lawsuits, Verma was ousted from his prestigious position as editor of the Proceedings of the National Academy of Sciences, one of the world’s top science journals, the San Diego Union-Tribune reported last year.Neither Salk Institute officials nor Verma said exactly why the renowned scientist has been suspended, but the magazine Science reported over the weekend that the suspension was related to an investigation tied to an upcoming story a reporter from the magazine was working on.The reporter apparently asked to interview Salk officials this week about sexual harassment allegations against Verma, to which the officials responded by asking for a detailed list of questions from the magazine, Science reported. Two days after receiving the list, Verma was placed on leave. In an email obtained by Science, Salk’s board of trustees chairman, Dan Lewis, said that Salk officials “recently became aware of allegations concerning” Verma.“Consistent with Salk’s policies governing workplace conduct, the Institute has undertaken a formal investigation that is being led by an independent outside party,” Lewis wrote in the email sent to Salk employees and obtained by Science. “We have also learned that Science is preparing a story about Dr. Verma and related allegations. Earlier this week, the reporter presented the Institute with information about her story that included claims the Institute was not previously aware of. We take these allegations very seriously and have expanded the scope of the investigation.”Lewis said that the board of trustees met Friday and decided to place Verma on administrative leave.“He will not be performing scientific or administrative roles on behalf of the Institute during this period,” Lewis wrote.In a statement issued to several media outlets by Verma’s lawyer, the married father and grandfather denied all allegations against him.“I have never used my position at the Salk Institute to take advantage of others,” Verma said in the statement. “I have also never engaged in any sort of intimate relationship with anyone affiliated with the Salk Institute. I have never inappropriately touched, nor have I made any sexually charged comments, to anyone affiliated with the Salk Institute. I have never allowed any offensive or sexually charged conversations, jokes, material, etc. to occur at the Salk Institute.”The trouble began for the Salk Institute last summer when biologists Vicki Lundblad, Katherine Jones and Beverly Emerson all filed separate lawsuits against the small but renowned institute near“After decades of trying to work within the administrative structure to resolve these issues, I agree with my colleagues that we can no longer turn a blind eye to the blatant discrimination that exists against female full professors in the Salk culture,” Emerson said when she filed her lawsuit last July.Emerson alleged that, while the Institute publicly touts its commitment to women in science, it privately operates as an antiquated boys club, undermining and marginalizing its tenured female professors.Those lawsuits came before the New York Times and the New Yorker magazine published explosive stories about alleged serial sexual harassment by Hollywood producer Harvey Weinstein. Those stories are largely credited with starting the #MeToo movement in which women have felt empowered to share their stories of sexual harassment or more serious sexual mistreatment by powerful men in entertainment, politics, media and other fields.Verma’s suspension appears to be the latest result of the #MeToo movement as Salk confirmed that it’s investigating allegations brought forward by the magazine Science. last_img read more

Mountain View shooting suspect charged with murder

first_img Categories: Local San Diego News FacebookTwitter Posted: May 14, 2018 May 14, 2018 KUSI Newsroom, Mountain View shooting suspect charged with murder In a Monday police statement, it was announced that Shannon Bryant, 29, suspect of the Mountain View shooting, was arrested for first-degree murder and will be arraigned next week.The arrested was in connection with an apparent walk-up attack that left two men in their 30s fatally shot last weekend, police said Saturday.Shannon Bryant, 29, was being held without bail on suspicion of first-degree murder. He’s believed to have shot Tony Jackson, 33, and Robert Brown, 37, at Mountain View Park on Sunday, San Diego Police Lt. Anthony Dupree said.Police responded to a report of gunfire at about 1:30 p.m. Sunday at Mountain View Park, located near the intersection of Ocean View Boulevard and 40th Street in the Mountain View neighborhood.Responding officers discovered the two victims with gunshot wounds to their chests, Dupree said at the time. They were both taken to a hospital, where they later died.Detectives said the victims were standing in the 500 block of South 40th St., when the attacker walked up to the two men and started shooting, Lt. Dupree said. KUSI Newsroom last_img read more

Treasury Secretary Stops In Alaska For Gas Project Briefing

first_imgMnuchin stopped in Alaska on his way back to Washington, D.C., from Indonesia. Facebook0TwitterEmailPrintFriendly分享U.S. Treasury Secretary Steven Mnuchin was briefed on a proposed Alaska liquefied natural gas project during a weekend stopover in the state. During the visit, Walker’s office says Mnuchin also heard about major projects being led by Alaska Native corporations. Austin Baird, a spokesman for Gov. Bill Walker, says the main purpose of the stop was a briefing on the gas project. The trip was not announced in advance. U.S. Sen. Lisa Murkowski also attended the meetings. The state-sponsored Alaska Gasline Development Corp. has been courting Chinese partners in efforts to advance the project.last_img

Publishers Get Crash Course in Intl MA

first_imgNEW YORK—The international M&A process is becomingincreasingly homogenous, but American publishers looking to buy or sellabroad still need to be prepared for some distinct differences,according to a panel of publishing deal experts at the AmericanBusiness Media/International Federation of the Periodical Press WorldConference today.The auction process that typifies manyAmerican publishing deals is an anathema abroad, particularly in GreatBritain and Western Europe, according to Charlie Engros, managingpartner of law firm Morgan Lewis. “There is a lingering discomfort withthe American auction style of M&A,” he said. “Europeans prefer todevelop relationships with sellers and they want exclusivity in theearly stages of the process. In an auction, European buyers feel likethey aren’t fairly treated and they want the chance to convey that theymight be a more trustworthy buyer than a financial company, even thoughthey may not be.”Due diligence with foreign publishers can be aconfusing and laborious process. “Europeans often have a huge duediligence team of 20 or 30 people and an approach that’s not alwaysconducive to getting a deal done,” said Engros. “They may bringchecklists that aren’t applicable to U.S. businesses and they may havesome misconceptions about U.S. business. British buyers often thinklong-term indemnity is part of the U.S. process when that’s not thecase.”Debit financing in Europe is also more complicated and athird-party is often required to conduct due diligence, while in theU.S. it’s typically done in-house, according to Veronis SuhlerStevenson co-CEO Jeffrey Stevenson. Due Diligence MinefieldsCompaniesin emerging markets are often attractive to U.S. buyers because topline growth is often more than 20 percent—much greater than top linegrowth for publishers in mature markets (and foreign sellers will oftendemand higher multiples than a U.S. seller because of it). However,watch out for the bottom line. “Top line growth is great with thesecompanies but the bottom line is never what you think it is,” saidScott Mozarsky, executive vice president and chief strategy anddevelopment officer with UBM’s PR Newswire. “We bought a company inMexico but didn’t factor the rise of kidnappings into the P&L andtook a hit because we had to add so much security.” Liveevents are booming abroad as well but beware of how they are evaluated.In China and Japan, attendees who leave the exhibit hall then returnare counted as new attendance. Lost in Translation Other cultural factors are less ominous but can still be a headache.Mozarsky said its common practice in Latin America for companies toclassify actual employees as outsourced. The employees receive minimalwages as employees but are paid much more as outside staff, whichenables the companies to avoid taxes.WhileMozarsky says a typical deal in the U.S. can take two to three monthsto close, in Latin America it can take six months to a year. “Often thefinancials are not audited and the businesses are based on cash,” says Mozarsky. “It can take a while to figure out what is what.You need to be careful because if something goes wrong after the dealis done, you have little in the way of recourse.” In 2016, theInternational Financial Reporting Standards will go into effect,replacing GAP, which should make the international M&A processeasier. “Twenty years ago there were really unique differences in theway business was done,” said Wilma Jordan, founder and CEO of TheJordan, Edmiston Group. “That’s still true today but it’s less and lessso each year. After the standard accounting practices go into effect,the differences will be even less.”last_img read more

After Galaxy Fold fiasco Note 10 may be the hero phone that

first_img8:24 Close up with the Galaxy Fold screen, notch and hinge P30 Pro and Galaxy S10 cameras compared Share your voice 5G speeds could happen; a two-tiered approach is bestPhones with 5G support are inevitable, and Samsung clearly wants to get ahead. Making the Galaxy Note 10 a 5G phone make sense. Even better would be if there are both 4G and 5G options, as with the poor Galaxy Fold. The 4G version would help keep costs in check for Note fans who aren’t ready to be 5G guinea pigs as those networks find their feet. There are several other reasons why being the earliest 5G adopter isn’t a great idea, one of which is that today’s 5G chip inside the phone, which takes up space and locks the phone to a single network. Qualcomm, which makes the 5G chip as well as the Snapdragon 855 processor inside the Galaxy phones, is launching an upgrade later this year that will make 5G phones sleeker and also able to cruise multiple carrier networks. It’s possible the Note 10 will be the first phone to use it. 37 Samsung is well aware of the competition and has been said to be working on its own take, however, it’s unclear how much of a patch this will be versus a complete solution that can generate similar results as Huawei and Google, if not better. The Note 10, which has traditionally been Samsung’s pinnacle release before Back to School and holiday shopping kicks in, would be an appropriate, launch pad, if not a belated one. And how about boosted video quality? Let’s dish some of that up, too.Read: Could the Note 10’s camera really flip up?Let’s not forget about camera zoomHuawei’s P30 Pro also earn top marks for their incredible zoom ranges: 5x optical zoom and 10x hybrid zoom. The results are incredible. The Galaxy S10 Plus, meanwhile, has a 2x telephoto lens, which is certainly convenient. Photos are “good,” but you’re not getting the same astounding quality as Huawei’s upper crust lens with “periscope” zoomOther phones, like the Oppo Reno 10, are getting in on the act with 10x hybrid “lossless” zoom. If Samsung doesn’t pump the gas, it’ll get left in the dust.huawei-p30-pro-10 Angela Lang/CNET An accurate in-screen fingerprint sensorThe ultrasonic in-screen fingerprint reader on the Galaxy S10 and S10 Plus is, in theory, a wonderful application of ultrasonic technology (think ultrasounds) to securely unlock your phone and authenticate mobile payments. In practice, it’s a little slow and largely inaccurate, requiring multiple attempts to unlock the phone. It also doesn’t work as well as promised if you’ve got wet or greasy fingertips. And one of the biggest security claims, that you can’t trick it with a fake fingerprint, has just been challenged by someone claiming they have.The Note 10 is another chance to tweak the software, or work with Qualcomm, which supplies the ultrasonic tech, on some other fix. We tested Verizon’s new 5G network Now playing: Watch this: 5G Google Huawei LG Microsoft Samsung Verizon In a reversal nobody expected in February when Samsung announced its first-ever foldable phone, it could be the rumored Note 10 and not the Galaxy Fold that becomes the highlight of Samsung’s six Galaxy phones for 2019. After Samsung delayed the Fold after five early review units malfunctioned, the Fold is no longer the brightest star in Samsung’s galaxy. The Note is usually the height of Samsung’s smartphone efforts, but 2019 was supposed to be different, with the Note 10 taking a backseat to the $1,980 Fold as this year’s splurge device. But with the Galaxy Fold undergoing scrutiny as Samsung gets to the bottom of issues that affected at least five review units, it’s the Note 10 that could put Samsung back on the right track amidst a flurry of phone releases.You might ask where the Galaxy S10 5G falls into all of this. The 5G version of Samsung’s Galaxy S10 Plus arrives on Verizon May 16 for $1,300 before heading to other carriers. It’s already made headlines with one battery issue in South Korea.Yet, I don’t see it as major Note 10 competition. Expensive, it doesn’t have a stylus and will only be as fast as the 5G network it’s riding on. The other “extras” — a larger screen and battery, and depth sensing cameras on the front and back — don’t do much yet to justify the price. Note fans, however, have long been cited as Samsung as being the most loyal, the power users who crave maximal storage space and flexibility through the S Pen.Read: The Galaxy Fold needs an S Pen. Here’s why it can’t have one 5:41 Now playing: Watch this: Mentioned Above Samsung Galaxy S10 Plus (128GB, prism black) How To • How to take badass car photos with your Galaxy S10 Plus While the Galaxy Note 10 lacks the Fold’s sex appeal, it should have everything the S10 5G has and more — including plenty of competition from Apple’s next iPhone and phones like the OnePlus 7 Pro. Here’s how Samsung can make the Note 10 a winner.Read: Samsung’s best way out of the Galaxy Fold mess: Suck up to buyersFix the screen ‘eyeball’ notch If wallpapers of robots and basketball players don’t make you chuckle, you might be ready to see Samsung experiment with a different design for that front-facing camera. On the S10 phones, the selfie camera takes the form of a circular cutout shifted to the right side of the screen, or a horizontal oval, in the case of the Galaxy S10 Plus.While it won’t get in the way most of the time, it is noticeable when the screen is white. Notch cutouts and cameras that pop up are other solutions, but they’ve also got their share of critics and proponents.Embrace the one-eyed camera. Angela Lang/CNET Still, the Infinity-O display that offsets this hole-punch design isn’t universally loved, which gives Samsung a chance to try again.Read: What the Galaxy Fold’s screen crease, notch and air gap are really like to use Deliver secure 3D face unlockSamsung’s secure iris scanner predated the iPhone’s Face ID, but now that Samsung’s removed it from Galaxy phones, you have the in-screen fingerprint reader as your only biometric…and after months with the Galaxy S10 Plus, it’s more miss than hit for me. We know that Samsung is at least flirting with the idea of a 3D face unlock secure enough for securing mobile payments, because it gave the Galaxy S10 5G a 3D sensor on the front and back. What’s it for? Not face unlock, at least not yet. Samsung said it’s there for AR purposes and maybe some improved depth photography, as with the new Huawei P30 Pro, which has a time-of-flight sensor (TOF) on the took the iris scanner out of the S10 phones. Andrew Hoyle/CNET Rumor has it that Android Q could fold in this technology — after a month with Android Q, we haven’t seen this yet, but it’s typical for Google to hold back some surprises until the final launch in fall. If that happens, the Galaxy Note 10 would be perfectly positioned to be Samsung’s first phone to incorporate secure face-scanning software baked in. Remember that Android’s default face unlock is there for convenience, but isn’t secure enough for mobile payments.We need a real standalone night mode cameraThe main camera is Samsung’s Galaxy phones uses a dual-aperture lens that automatically changes apertures to let in more light when it detects you’re in a darker environment. In my experience, which dates back a year to the Galaxy S9, results are ok, but the clarity and details produced by the Pixel 3 and Huawei’s P30 Pro are in another league entirely.Samsung said there’s a Bright Night Shot mode in the Galaxy S10 Plus, but it kicks in automatically. That’s not a bad thing on its own, but it means you can’t control when you get those dramatically bright night shots. It also means that Samsung isn’t using the same approach to capture and process those shots, which requires up to five seconds.  Sprint $999 Why the Galaxy S10’s ultrasonic fingerprint reader matters News • Samsung Galaxy S10 Plus to be used to film entire Tonight Show episode See It CNET may get a commission from retail offers. Tags 60 Photos Phones What about a foldable design with S Pen support?I can speculate with absolute certainty that the Galaxy Note 10 won’t be a foldable phone like the Galaxy Fold. But it’s worth thinking about how the S Pen, Samsung’s digital stylus, could work with a foldable screen. Especially since that feels like a foregone conclusion for a future Samsung device. What if your Note 10 did this? CNET On the one hand you have the Note, whose S Pen takes advantage of a large screen by allowing for navigation, writing and drawing. On the other, the foldable design opens up the largest screens on a cellular device.The nature of the foldable screen as an expansive surface with Android support for up to three active windows at a time, makes it a fertile ground for a digital pen.Whether a future foldable Note would be called the Galaxy Fold Note or simply a Galaxy Fold with S Pen support, it could provide extra utility along the lines of Apple Pencil support for the iPad Pro and the Microsoft Surface pen. An S Pen on a foldable Note would also differentiate it from other foldable phones such as the Huawei Mate X or a future foldable iPhone.What’s on your Galaxy Note 10 wish list?Originally published April 8. Update, May 2: Adds new commentary. Abt Electronics See It Samsung Galaxy S10 Plus Now playing: Watch this: $833 Best Buy $999 2:48 See it Comments $999 See It Review • Galaxy S10 Plus braces for Galaxy Note 10 impactlast_img read more

Natalia Fileva One of Russias richest women and S7 Airlines coowner killed

first_imgNatalia FilevaTwitter [Representational Image]The co-owner and chairwoman of Russia’s S7 airlines legally known as PJSC Siberia Airlines, Natalia Fileva died in a private jet crash along with two others near Frankfurt in Germany on Sunday, March 31.The incident took place while the six-seater single-engine jet named The Epic-LT, en route Egelsbach airport from France crashed in a field while landing near the airport. The pilot and another Russian have been reported to be dead along with Fileva.According to the police, the aircraft was completely gutted due to the high impact of the crash. While the investigations are going on over the incident by the Russian and International authorities, the cause of the crash is yet to be ascertained.The private jet was flying from Cannes in France and disappeared from radars at 1322 GMT, according to data from a flight tracker Flighradar24, reports Reuters. The crashed private jet in which Natalia Fileva was flyingttwitterRussian and international authorities would investigate the crash and there was no information yet on what caused it, according to the airline, which is the main competitor of Russia’s No.1 carrier Aeroflot, adds the report.According to the DPA news agency, a police car racing to the crash site collided with another vehicle near the airport, killing two people inside the car and seriously injuring three police officers.The 55-year-old Fileva was a major shareholder of the second largest airline in the country with an estimated wealth of 600 million dollars. Her husband Vladislav Filev is the Chief Executive Officer of the S7 airlines.Founded in 1957 as the Tolmachevo united squadron, S7 airlines is the main competitor in Russia to Aeroflot. It has 96 aircraft that fly to 181 cities and towns in 26 countries.last_img read more

India mob kills two men over suspected cow theft

first_imgTwo Muslim men were beaten to death by stick-wielding Indian villagers who suspected them of stealing cows, police said Monday, the latest such attack over the animal Hindus consider sacred.Police in northeastern Assam state’s Nagaon district said they had registered a murder case over the deaths of Abu Hanifa and Riyazuddin Ali on Sunday. Two suspects have been detained for questioning.”They were chased and beaten with sticks by villagers who said the two boys were trying to steal cows from their grazing field,” Debaraj Upadhyay, Nagaon’s top cop, told AFP by telephone.”By the time we took them to the hospital at night they had succumbed to their injuries,” he added.Footage shot by local onlookers and aired by Indian broadcasters Monday showed the two badly beaten victims cowering with their hands tied as villagers surrounded them.The incident comes amidst a wave of rising tensions over the killing and smuggling of cows in Hindu-majority India, where the animal is considered sacred and its slaughter is a punishable offence in many states.There have been a spate of attacks in recent months by ‘cow protection’ vigilante groups, who roam highways inspecting livestock trucks for any trace of the animal.Last month a Muslim man was beaten to death by a mob in Rajasthan state after they discovered cows in his truck. The man was a dairy farmer transporting milk cows.In both that incident and Sunday’s mob beating police were accused of failing to act quickly enough to protect the victims.In the Rajasthan attack, in which 200 vigilantes set upon trucks transport cattle along a highway, police first arrested 11 of those beaten for alleged permit violations instead of rounding up the perpetrators.Upadhyay rejected suggestions that police had reacted too slowly to Sunday’s incident, saying his officers rescued the pair and rushed them to a hospital, where they later died.He also dismissed speculation that a vigilante group or association was involved in the attack.Critics say vigilantes have been emboldened by the election in 2014 of prime minister Narendra Modi’s Hindu nationalist Bharatiya Janata Party.Last year Modi criticised the cow protection vigilantes and urged a crackdown against groups using religion as a cover for committing crimes.At least 10 Muslim men have been killed in similar incidents across the country by Hindu mobs on suspicion of eating beef or smuggling cows in the last two years.Most Indian states have banned cow slaughter and imposed heavy penalties and jail terms on offenders, while the transportation of cattle across state lines is also barred in several jurisdictions.In a renewed effort to protect against cow smuggling, the government plans to issue millions of cows with unique identification numbers linked to a national database.last_img read more

2 minor girls raped in 2 districts

first_imgProthom Alo illustrationTwo minor girls have reportedly been raped in Jashore and Netrakona districts as sexual perversion has become an order of the day in this society, reports UNB.In Jashore, a five-year-old girl was violated allegedly by the friend of her father at Altapol village in Keshabpur upazila on Sunday.Police detained the accused, Nazrul Islam, 35, son of late Insar Ali of Bherchi village in the upazila.Quoting victim’s father, police said Nazrul came to their house on Sunday morning.At one stage, he took the minor girl to a nearby fish enclosure and violated her there.Hearing the victim’s screams, locals rushed in, caught Nazrul red-handed and gave him a good beating before handing him over to police, said Mohammad Shahin, officer-in-charge of Keshabpur police station.The girl is now undergoing treatment at Khulna Medical College Hospital.A case was filed with Keshabpur police station in this regard.In Netrakona, a teenage girl was violated by a neighbour at Dhanshira village in Durgapur upazila on Saturday.Mizanur Rahman, officer-in-charge of Durgapur police station, said the victim who used to work as a domestic help in the capital returned home recently.Saiqul Islam, 21, son of Dulal Mia of the village, stormed their house on Saturday noon and violated the girl when she was alone.Later, the mother of the victim filed a case in this regard.The victim was sent to Netrakona Modern Sadar Hospital, the OC said, adding that they were trying to arrest the accused.last_img read more

Attorney Generals Selective Silence Deafens Senate Russia Inquiry

first_imgBrendan Smialowski/AFP/Getty ImagesAttorney General Jeff Sessions testifies during a Senate Intelligence Committee hearing on Capitol Hill on Tuesday.Jeff Sessions did exactly what he needed to do Tuesday — help himself in the eyes of his boss, President Trump, and, in turn, help Trump.But the attorney general, an early Trump supporter, revealed little in the congressional hearing about the ongoing Russia saga or Trump’s role in possibly trying to quash the investigation looking into it.Using vague legal justification, Sessions shut down potentially important lines of investigative questioning — and that may be exactly how the White House wants it.Sessions showed flashes of anger rarely seen from the 70-year-old Alabamian, calling any suggestion that he colluded with Russia to interfere in the U.S. presidential election a “detestable lie.”The tactic — combined with the earlier testimony of high-ranking Trump administration officials, who also deemed it inappropriate to divulge conversations with the president — may have given a road map for the White House to keep its secrets without the public-relations blowback of invoking executive privilege.Sessions wanted this open hearing before the Senate Intelligence Committee so he could respond to fired FBI Director James Comey. Comey — a man whom, it was revealed Tuesday, Sessions wanted gone before Day 1 — intimated in testimony last week that Sessions’ potential conflicts went deeper than were originally known.Sessions denied all of it and shielded his boss from any potential damage.Silence is golden?It became obvious from the get-go Tuesday that Sessions would not disclose conversations between himself and the president. That cut off lines of inquiry about the exact circumstances surrounding Comey’s firing, what may have happened in the Feb. 14 Oval Office meeting in which Sessions was asked to leave so Trump could speak one-on-one with Comey, as well as Trump’s reaction to Sessions’ recusal.Sessions’ legal rationale for his silence was muddled, at best, and deliberate interference at worst, something Democrats accused him of.“My understanding is that you took an oath,” said New Mexico Democrat Martin Heinrich in some of the sharpest questioning of the day. “You raised your right hand here today, and you said that you would solemnly tell the truth, the whole truth and nothing but the truth. And now you’re not answering questions. You’re impeding this investigation.”Sen. Ron Wyden of Oregon was even more blunt. “I believe the American people have had it with stonewalling,” he said.Sessions shot back: “I am not stonewalling. I am following the historic policies of the Department of Justice. You don’t walk into hearing or committee meeting and reveal confidential communications with the president of the United States, who is entitled to receive conventional communications in your best judgment about a host of issues, and have to be accused of stonewalling them.”Sessions did not invoke “executive privilege.” As he acknowledged to Heinrich, “I’m not able to invoke executive privilege. That’s the president’s prerogative.”And yet, he told Sen. Joe Manchin, D-W.Va., who asked if Sessions could “speak more frankly” in a closed session with senators, as Comey did: “I’m not sure. The executive privilege is not waived by going in camera or in closed session.”Sessions repeatedly clung to vague reasoning for not answering many of the senators’ questions. He could not point to specific Justice Department language, even though Sessions said he had consulted with department attorneys before the hearing.Senators got just five minutes each to ask questions (the chairman and vice chairman got 10). When Sen. Kamala Harris, D-Calif., asked about Sessions’ recollection of meetings with Russian officials or businessmen, he complained, “I’m not able to be rushed this fast. It makes me nervous.”When Republican Chairman Richard Burr of North Carolina interjected and noted that “the senator’s time has expired,” a wide grin swept across Sessions’ face, as he looked up at the chairman and former colleague.Round and round it went. And all of it probably made Sessions’ boss very happy.“He thought that Attorney General Sessions did a very good job,” White House deputy press secretary Sarah Huckabee Sanders told reporters, including NPR’s Tamara Keith, traveling on Air Force One on Tuesday night. She added that Sessions “in particular was very strong on the point that there was no collusion between Russia and the Trump campaign.”Can’t recallSessions’ silence kept a lid on important details that could have illuminated much more of the Russia story. He said he couldn’t “recall” 18 times. It reminded Washington of another attorney general who testified 10 years ago, Attorney General Alberto Gonzales. Gonzales said that he couldn’t “recall” some 60 times in a hearing about the dismissal of federal prosecutors, accusations of coordination with the White House and overall Justice Department leadership.Ironically, Sessions was one of the senators questioning Gonzales that day and expressed frustration with Gonzales’ faulty memory.“Well, I guess I’m concerned about your recollection, really, because it’s not that long ago,” Sessions said. “It was an important issue. And that’s troubling to me, I’ve got to tell you.”Other attorneys general, of course, have evaded congressional questions. Eric Holder, President Barack Obama’s attorney general, was held in contempt of Congress for invoking executive privilege and not turning over documents related to the “Fast and Furious” investigation.But if questions coming into Tuesday’s hearing were, “How would Sessions respond to fired FBI Director James Comey’s intimation that there was something else — something classified — about Sessions to be concerned about?” or “What more do we know about President Trump’s role in firing Comey or putting pressure on officials to drop the Russia investigation?” there wasn’t much light shed on them.Having it in for Comey from the beginningWhat was learned, though, was that Sessions and Rod Rosenstein, now deputy attorney general, may have always been looking for a reason to fire Comey — and so was Trump.Sessions revealed that he and Rosenstein discussed before they were even confirmed getting rid of Comey. They wanted a “fresh start,” Sessions said.But Comey was kept on for months after they were both confirmed. And, like Trump, Sessions didn’t exactly criticize Comey’s handling of the Hillary Clinton email investigation during the presidential campaign. When Comey came forward saying he was reopening the investigation in October of last year, Sessions praised him.“Now, he’s received new evidence,” Sessions said on Fox Business. “He had an absolute duty, in my opinion, 11 days or not, to come forward with the new information that he has and let the American people know that, too.”He added that Comey, after being uncomfortable with the airplane meeting between former Attorney General Loretta Lynch and former President Bill Clinton, had “stepped up and done what his duty is, I think.”Sessions was critical of the investigation, but seemingly only because it didn’t “get to the bottom” of what happened.“I think it should have used a grand jury,” he said. Sessions wanted people put under oath. “So you have to grill them, and people will surprise you how sometimes they’ll just spill the beans when they’re under oath like that.” He then pointed out that with the “new evidence,” Sessions thought the investigation was “back on track again.”All that seems to undermine the rationale for Comey’s firing that Sessions says he relied on — Rosenstein’s memo that charged Comey acted inappropriately in the handling of the Clinton email investigation.It wasn’t until the stars aligned, as the Russia investigation was heating up, that Sessions and Rosenstein could pull the plug, with at least Trump’s blessing. Sessions also admitted that neither he nor Rosenstein, Comey’s direct supervisor, ever talked to Comey about his job performance.And Trump himself undercut the reasoning for firing Comey that Sessions and Rosenstein had presented, saying he was going to fire Comey anyway “regardless of recommendation.”In Mueller’s courtThe questions will continue, especially of everyone who steps before Congress, but Trump allies have proved that even going under oath won’t shed light on the full details surrounding the Russia investigation and whether Trump pressured high-ranking officials to drop it.That is something that may have to be determined by Special Counsel Robert Mueller when he eventually releases his findings.And Trump allies have already been trying to insulate themselves and the president by attempting to delegitimize whatever Mueller comes up with.The irony, of course, is that if the president has done nothing wrong, as he has insisted all along, Mueller is the one guy in Washington who has the credibility to clear him.Copyright 2017 NPR. 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Baltimore County Wont Seek Riot Assistance Reimbursement Following Freddie Gray Death

first_imgBaltimore Police during the unrest after the death of Freddie Gray. (Patrick Semansky/AP)BALTIMORE (AP) — Baltimore County Executive Kevin Kamenetz says the county will not seek $257,000 in reimbursement from the city of Baltimore for police and fire assistance during the unrest following the death of Freddie Gray.Last week, city officials announced they would pay surrounding counties a combined $1.8 million for their help in responding to the unrest in April and May after the death of Freddie Gray.Kamenetz says the county provided the personnel on an emergency basis with no expectation of a reimbursement.Gray died April 19 after sustaining a spinal injury a week earlier while riding handcuffed in a police van. Soon after, the city erupted in rioting, looting and arson. Members of the Maryland Army National Guard, state troopers and officers from other jurisdictions were brought in to help.last_img read more