Today I Stopped Selling

first_imgToday I decided to stop selling and start waiting. I was waiting for opportunities where I could connect and to be helpful. So many experts have recommended this approach, there has to be something to it. Why else would someone suggest “stop selling” if it wasn’t working?10:00 AM: How long exactly does it take for the “waiting” approach to start working? So far nothing is happening. I’m just sitting here. Waiting.10:45 AM: Okay. I’ve gone out to LinkedIn and accepted all my connection requests and said thank you. Nothing.11:00 AM: Maybe I need to connect with more people on Twitter. Now I’ve gone out and engaged with some people there. Very cool people! Super nice!1:15 PM: I’m waiting. I’m starting to worry. My phone isn’t ringing. And I’m getting a lot of emails, but none of them is anybody asking to buy from me.1:30 PM: Maybe I’m not doing this right. Maybe I need to wait harder. This whole “stop selling” is a lot harder than it looks. I can’t seem to make it work.2:45 PM: Alright, I have an idea. I’ll stare at the phone. If I stare long enough, it’s bound to ring.2:57 PM: Nothing. I’ll stare harder. I think there’s a vein bulging out of my forehead. Still nothing.3:20 PM: I give up. Not selling is a lot harder than selling. Waiting is the most difficult strategy ever. I can’t seem to find a way to turn hope into actual sales results.4:22 PM: I must be doing something wrong. I guess I’ll go back to selling.last_img read more

Pacquiao wants Matthysse; Arum picks Alvarado

first_imgDon’t miss out on the latest news and information. Whoever will get his way will likely be known within the week, otherwise Pacquiao’s comeback timetable will be pushed back to May.Matthysse, on the other hand, called out Pacquiao after knocking out Tewa Kiram in the eighth round to clinch the World Boxing Association welterweight crown on Jan. 27 at the Forum in Inglewood, California.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutFor his part, the 86-year-old Arum had earlier announced that he’s close to forging a doubleheader pitting Horn against Terrence Crawford and Pacquiao against Alvarado on April 14 at Madison Square Garden in New York.On Tuesday, however, Arum changed his mind and said that he’s moving the promotion over to Las Vegas, particularly Mandalay Bay, so as not to deluge New York with boxing cards. LATEST STORIES John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Brace for potentially devastating typhoon approaching PH – NDRRMC While the venue is a non-issue as far as Pacquiao (59-7-2, 38 knockouts) is concerned, the Fighting Senator likes Matthysse (39-4, 36 knockouts) over Alvarado (38-4, 26 knockouts) to be his opponent.Arum, of course, prefers Alvarado because the former world champion is, like Pacquiao, with his Top Rank Promotions.—ROY LUARCA View comments Urgent call: Make it Pacquiao vs Matthysse AFP official booed out of forum 2 ‘newbie’ drug pushers fall in Lucena stingcenter_img Slow and steady hope for near-extinct Bangladesh tortoises MOST READ Manny Pacquiao part of 2019 SEA Games opening ceremony PLAY LIST 00:36Manny Pacquiao part of 2019 SEA Games opening ceremony00:50Trending Articles00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers Boxer Manny Pacquiao and his coach Freddy Roach chat as boxing promoter Bob Arum (R) looks on at a press conference in Beverly Hills, California on September 8, 2016, announcing the fight between Manny Pacquiao and Jessie Vargas on November 5th. / AFP PHOTO / Frederic J. BROWNBoth Manny Pacquiao and Lucas Matthysse want to fight each other.But promoter Bob Arum insists it’s not going to happen, leaning on Mike Alvarado to get a crack at Pacquiao when the eight-division world champion returns to the ring in April.ADVERTISEMENT Read Next Typhoon Kammuri accelerates, gains strength en route to PHlast_img read more

Colonia fifth in weightlifting

first_imgLacson: SEA Games fund put in foundation like ‘Napoles case’ View comments Filipino weightlifter Nestor Colonia. INQUIRER FILE PHOTOKUALA LUMPUR — Not even the presence of Rio Olympic silver medalist Hidilyn Diaz could carry the Philippine team in weightlifting competitions here Monday.Nestor Colonia failed to make the podium finish during the men’s 56-kilogram division at MITEC.ADVERTISEMENT MOST READ Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Trump signs bills in support of Hong Kong protesters Diaz flew in to this city to help up with Colonia backstage, harking back to their teamwork that helped the Zamboanga lass end the medal drought for the Philippines ini the Olympics.“We will come back and prepare in the Asian Games, we have five women’s events,” said weightlifting chief Monico Puentevella.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingThere was no women’s competitions in this edition of the Games. NATO’s aging eye in the sky to get a last overhaul Biggest Pogo service provider padlocked for tax evasion Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Don’t miss out on the latest news and information. Trending Articles PLAY LIST 00:50Trending Articles02:49World-class track facilities installed at NCC for SEA Games03:07PH billiards team upbeat about gold medal chances in SEA Games05:25PH boxing team determined to deliver gold medals for PH03:04Filipino athletes share their expectations for 2019 SEA Games00:45Onyok Velasco see bright future for PH boxing in Olympics02:25PH women’s volleyball team motivated to deliver in front of hometown crowd01:27Filipino athletes get grand send-off ahead of SEA Games00:36Manny Pacquiao part of 2019 SEA Games opening ceremony Celebrity chef Gary Rhodes dies at 59 with wife by his side Centeno, Biado lead 4-gold haul Robredo should’ve resigned as drug czar after lack of trust issue – Panelo LATEST STORIES Sports Related Videospowered by AdSparcRead Nextlast_img read more

Volvo S60 Polestar launched in India at Rs 52.50 lakh

first_imgPerformance divisions of foreign carmakers are ramping up their presence in India as the appetite of Indian buyers increases for performance cars. The latest in the line is the Polestar division of Swedish carmaker Volvo. The company has done this by launching the S60 Polestar in India at Rs 52.50 lakh (Ex-showroom, Delhi).Underneath the bonnet of the S60 Polestar is a 2.0-litre T6 engine that is both turbocharged and supercharged and capable of spitting out 367bhp and 470Nm of peak torque. Power is delivered to all four wheels via an eight-speed automatic gearbox and an electronically controlled all-wheel drive system with torque vectoring. This setup makes the S60 Polestar capable of sprinting from 0-100kmph in just 4.7 seconds.Also Read: Volvo increases prices of all its cars sold in IndiaPolestar has made important changes to the S60 sedan to give it the kind of feel that performance oriented enthusiasts look for in a car. The 8-speed gearbox has been optimized by Polestar for more performance, the dampers are Polestar Ohlins that are manually adjustable for different types of ride quality. The 20-inch wheels that are present on the S60 Polestar look stunning and are paired with Michelin Pilot Super Sport tyres. The brakes have also been upgraded and Polestar has put in Brembo ventilated and slotted brake discs for better stopping power. Volvo as a brand is known for safe cars that are generally driven by chauffeurs while the owner rests happily in the back seat. However this is one Volvo that buyers would want to drive themselves rather than just enjoying the back seat. Even though Volvo has a good grip on the Indian market in terms of sales, we will have to wait and watch if the Polestar division matches up to its various counterparts. The Volvo S60 Polestar will compete against the Mercedes Benz CLA AMG 45 and the Audi S5 in the Indian market.advertisementAlso Read:Volvo bringing its Polestar division to India starting with the S60last_img read more

PM Modi’s ambitious Digital India project launched

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India vs Australia 2nd T20 Live Streaming: How to Watch IND vs AUS Match on Sony Liv

first_imgIndia will be charged for the second T20I against Australia in Melbourne after losing the 1st T20I by 4 runs (DLS).The task is cut out in front of the Indian team management to work on fielding angles to elevate their efforts in the second T20I.India vs Australia T20 match broadcast channels list for 3rd T20IIt doesn’t help that there is such a short turn-around time during this series, that fielding coach R Sridhar won’t be able to work with the players at the MCG.India vs Australia 2nd T20 Live Streaming: When, Where to Watch IND vs AUS Match on Sony LivAny improvements in the field will have to be drilled in theoretically in the dressing room. And thus India will also seek to look at other areas where improvements can be made.Having won seven consecutive bilateral T20 series, Kohli and his men will certainly want to make it eight in a row and for that they may be forced to rejig both their batting and bowling combinations.Read – Melbourne T20I: Will India replace Krunal Pandya with Yuzvendra Chahal?The hosts took a 1-0 lead in the three-match series, which comprise three back-to-back matches in a short span of five days.The ploy to introduce Adam Zampa as the lone spinner worked wonders for Australia and with an intense fielding effort, Australia were able to make a winning difference.Also read – India have a lot of problems that need to be solved: Harbhajan SinghadvertisementThings seem very different in the hosts’ camp all of a sudden, when they were simply considered second best to Team India across all departments less than 48 hours ago.India vs Australia 2nd T20 Live Streaming: When, Where to Watch IND vs AUS Match on Sony LivMelbourne is experiencing a stormy spell in the latter half of this week, so there is a slight chance that the second T20I could also be rain-affected.What time does the 2nd T20I between India vs Australia start?2nd T20I starts at 1:20 PM IST on November 23, Friday at the Melbourne Cricket Ground in Melbourne.What TV channel and live stream is the 2nd T20I between India and Australia Live Streaming on?Sony SIX and Sony SIX HD in English commentary and Sony Ten 3 and Sony Ten 3 HD in Hindi Commentary. Sony Liv will live stream India vs Australia match.Where will the 2nd T20I between India and Australia be played?The 2nd T20I between India and Australia will be played at the Melbourne Cricket Ground in Melbourne from 1:20 PM IST.Where can I watch the India vs Australia 2nd T20I live?The match will be shown in Sony sports network and can also be streamed on can I check the online live updates of the India vs Australia 2nd T20I?You can follow our ball-by-ball-updates of the match between India vs Australia from our live blog on are the squads for the 2nd T20I between India and Australia?India: Virat Kohli (C), Shikhar Dhawan, Rohit Sharma, KL Rahul, Manish Pandey, Shreyas Iyer, Dinesh Karthik (WK), Rishabh Pant, Krunal Pandya, Yuzvendra Chahal, Kuldeep Yadav, Jasprit Bumrah, Bhuvneshwar Kumar, Umesh Yadav, Khaleel Ahmed, Washington Sundar.Australia: Aaron Finch (C), Ashton Agar, Jason Behrendorff, Alex Carey, Nathan Coulter-Nile, Chris Lynn, Ben McDermott, Glenn Maxwell, D’Arcy Short, Billy Stanlake, Marcus Stoinis, Andrew Tye, Adam Zampa.last_img read more



Emails Show Florida State Fans Crushing Hire Of Kendal Briles

first_imgKendal Briles, on staff of the Baylor Bears.WACO, TX – SEPTEMBER 02: Kendal Briles of the Baylor Bears at McLane Stadium on September 2, 2016 in Waco, Texas. (Photo by Ronald Martinez/Getty Images)Emails obtained by the Tampa Bay Times show Florida State fans criticizing the hiring of former Baylor assistant coach Kendal Briles.Kendal Briles, the son of former Baylor head coach Art Briles, was an assistant for the Bears from 2008-16. That put him on Baylor’s stuff during the program’s sexual assault scandal, in which dozens of players were accused. Art Briles was fired as a result of the scandal and Kendal Briles, while not directly implicated, left the program, too.Several Florida State fans have expressed concern with the hire.From the report:Emails obtained by the Tampa Bay Times through a public-records request show unease and even disgust among fans and alumni as FSU considered adding the former Baylor assistant. While the notes to Thrasher and interim athletic director David Coburn don’t speak for the entire fan base, they provide a window into how some Seminoles supporters viewed the move before his $1 million-a-year contract was finalized on Dec. 23.“Since 2013, I have defended my school against those that say FSU doesn’t care about sexual assault, and was willing to look the other way when winning mattered,” one woman wrote to Thrasher.There are several emails like that, obtained by the Tampa Bay Times.Kendal Briles is a brilliant offensive mind and Florida State’s program is in need of a boost, but the hiring is clearly coming with some criticism.You can view the full report here.last_img read more

Photo: Depressed Houston Fan Is Going Viral At Oklahoma

first_img This photo of a depressed Houston fan sums up the night:Same— Big Cat (@BarstoolBigCat) September 2, 2019A lot of college football fans are probably going to feel like that when they play Oklahoma this season. The Sooners’ offense is just ridiculous.Oklahoma and Houston are playing on ABC. A view of the fans at an Oklahoma football game.NORMAN, OK – SEPTEMBER 7: Fans hold signs as the Oklahoma Sooners gather on the field before the game against the West Virginia Mountaineers September 7, 2013 at Gaylord Family-Oklahoma Memorial Stadium in Norman, Oklahoma. Oklahoma defeated West Virginia 16-7. (Photo by Brett Deering/Getty Images)A photo of a depressed Houston Cougars fan sums up what it’s probably felt like to attempt to defend Jalen Hurts and the Oklahoma Sooners offense tonight.Oklahoma has showed no signs of slowing down in the Hurts era, as the former Alabama quarterback is looking like a Heisman Trophy frontrunner.Hurts, who transferred from Alabama to Oklahoma this offseason, has compiled:291 passing yards and 3 touchdowns136 rushing yards and 2 touchdowns…and we’re not even in the fourth quarter yet.last_img read more

India vs Pakistan ICC World Cup 2019: Twitter asks rain to leave Manchester alone and come to India

first_img Next India vs Pakistan ICC World Cup 2019: Twitter asks rain to leave Manchester alone and come to IndiaIndia and Pakistan are to face each other on the field today for ICC World Cup 2019. Fans from both the countries are praying to the rain god to bring the rain to India instead of Manchester.advertisement India Today Web Desk New DelhiJune 16, 2019UPDATED: June 16, 2019 12:14 IST India vs Pakistan World Cup match has people praying that it doesn’t rain todayThe last ICC World Cup was held in the year 2015. Cricket fans after waiting for a period of 4 years were again excited about the most important cup in the world of cricket.But some fans have gone to the extent of calling the ICC World Cup 2019 the most boring one ever because nature has been playing against cricket since the tournament started and apparently winning.Till now 4 matches have already been halted with no conclusion because of the rain.However, today is a special day. Today, India and Pakistan are to face each other on the field. Fans from both the neighboring countries, India and Pakistan, where cricket is not just a sport but a religion are praying to the rain gods to let it ‘not’ rain during the match.So that both the countries can enjoy the match that they have been waiting for so long. Twitter is full of prayers asking the rain god to let it rain in India where summer is at peak instead of Manchester, where the match is supposed to take place.The healthy rivalry between the fans of both the teams has also started on Twitter. Have a look.Even ICC tweeted about the same.#CWC19 (@ICC) June 16, 2019Don’t make comedy ..bakwaas tournament timing and location planning .All eyes on the clouds Always (@Arulrojanatesa1) June 16, 2019(@KBS_PG) June 16, (@Rajib_kumarbera) June 16, Solanki (@cbsxact7) June 16, 2019Predicted Playing XI for today’s game:1. Clouds2. Rain3. Umbrella4. Thunderstorm5. Drizzle6. Super Sooper7. Cover8. Rain coat9. Water logging10. Lighting11. Hope No rainShubham Jain (@imshubhjain1996) June 16, 2019All Eyes On The Khushboo (@khushi_kadri2) June 16, Nhi Btayenge (@officialRajkr) June 16, 2019According to their ads #WorldCup2019 #ads #IndiaVsPakistan Manna (@MannaArghyadip) June 16, 2019Dhoop nikli hui hai abhiR A T N I $ H (@LoyalSachinFan) June 16, 2019All Eyes on this (@HaiderMaliq) June 16, 2019Nobody :Me after every 2 minutes : Chote (@badechote) June 15, Narayanan (@walentine_weed) June 15, Mishra (@pritesh749) June 16, 2019Dear #cricketfans in India and Pakistan please direct your prayers today to rain gods so that clouds can be diverted from #Manchester to our part of the world. #IndiaVsPakistan #16JunArunima (@Arunima24) June 16, 2019Dear Rain God/Indra Bhagwaan,It’s been very hot and dry in Rajasthan this year. Pls pls pls shift your focus to Rajasthan for a day from Old Trafford/ Greater Manchester for a day at least!!!Thanks,Just another fan!#INDvsPAK #CWC19 #CricketWorldCup #NoRainPlsJitendra Soni (@jdsoni7) June 15, 2019Dear Gods of Manchester, please be kind today. All we pray for is no rain over Old Trafford Cricket Ground.Vedant (@MagicallZizou) June 16, 2019Better to rain here in #Delhi, than to rain in #Manchester with respect – All #INDvPAK match fans :). #ICCWorldCup2019 #CWC19 @BCCI @ICC @cricketworldcupArpan Anand (@arpanforu) June 16, 2019Dear Rain God, Pl exchange some sunlight from few states of India and export to Manchester, @Bcci will bear all transportation charges and exchange rates. This will help everyone. #INDvPAK #CWC19Deepesh Kanabar (@deepeshmdk1906) June 16, 2019Today’s most important question and most important issue: Will the rain in Manchester go away and let this epic match between India and Pakistan go ahead. Here’s hoping the game will go ahead. #CWC19 #IndiaVsPakistanTej (@b_tej11) June 16, 2019Cricket God @sachin_rtIs there anything you could negotiate to Rain God and request him to stay away from Manchester ? #CWC19 #INDvPAK #TeamIndia #WeHaveWeWill #viratkohli #SarfarazAhmeddharan_im (@DharanMsd) June 16, 2019Manchester….no rain for next 14 hours, please.Tanay (@tanaymishra007) June 16, 2019I pray to God that there should be no rain in Manchester today and we get to see a full match.#IndiaVsPakistan #CricketLive #CWC19 #YeGameHaiMahaanDivyanshu Singh (@imdivy_20) June 16, 2019Let all the rain come in India to quench the thirst of our parched land but not in Manchester.gvr poornachand (@gvrp23) June 16, 2019It is #IndiaVsPakistan versus weather at #OldTrafford in #Manchester today. Fingers crossed over the weather, with fans praying the #Rain God gives the big #ICCWorldCup2019 match a miss today. @FilterKaapiLive : S Sudhir (@Iamtssudhir) June 16, 2019Rain God, please have mercy on Manchester. They don’t need rain anyway. #INDPAK #ICCCWC2019Varsha Raj (@Varshi_14) June 16, 2019Looking at the Delhi weather since mornings, it seems that maybe the prayers are working.advertisementI pray to God that there should be no rain in Manchester today and we get to see a full match.#IndiaVsPakistan #CricketLive #CWC19 #YeGameHaiMahaanDivyanshu Singh (@imdivy_20) June 16, 2019ALSO READ | India vs Pakistan Manchester Weather Live Updates: Will rain play spoilsport today?ALSO READ | Rain halts India vs NZ World Cup match. Best memes and jokes to spend your time onALSO WATCH | Watch: The best ICC World Cup 2019 TikTok viral videoGet real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byNishtha Grover Tags :Follow ICC World Cup 2019Follow India vs PakistanFollow Manchester rainlast_img read more

Hi-Fi Corner: Onkyo waxes nostalgic with the CP-1050 turntable

first_imgWhile much of the music industry is flailing, vinyl is back in a big way. And that’s just fine by us, because along with a tidal wave of new wax to spin, some of the top electronics companies in the business are going back to the well and crafting brand new turntables that are better than ever before. One of the latest new creations comes in the form of Onkyo’s gorgeous CP-1050.A beautiful direct drive turntable that runs without a belt for a quieter spin, the CP-1050 is loaded with sparkling aluminum components, coraled by a sleek MDF cabinet enclosure. The aluminum tonearm is loaded with a quality Moving Magnet cartridge, designed to trace every groove with brilliant precision and very little force to keep your new records sounding that way, and the arm will also support multiple aftermarket cartridges should you need to trade yours out down the road.Related: Old school meets new with Project’s Element turntableThe player spins both 33s and 45s, and also comes with an adaptor for 7-inch discs, and a plastic dust cover. Other features include a whisper-quiet Brushless DC motor, a quartz-lock control system for high precision spins, and height adjustable feet on the bottom designed to quell vibration to keep your hi-fi experience clean and pure. Really, the only noise you should hear from this table is whatever your vintage records bring with them.At $500, the CP-1050 isn’t exactly cheap, but it runs in line with other mid-tier turntables currently popping up on the market. You’ll also have to make sure your receiver is equipped with a quality phono input, or purchase yourself a decent outboard phono preamplifier as the gold RCA outputs send a straight turntable signal.There’s no USB on board for digitizing your collection, either — the CP-1050 is old school. But then again, what would you expect from a company that dropped its first turntable right after World War II?Onkyo’s new CP-1050 turntable is available now The Complete Guide for Learning How to Mow a Lawn Editors’ Recommendations Cigar Humidors 101: What They Are, How They Work, and the Best Picks A Peek Inside the Joseph Abboud Factory: Italian Fabric, Made in America World-Class Runner Caryn Lubetsky Didn’t Run Her First Marathon Until She Was 40 9 Essential Kayak Fishing Accessories to Get You Started last_img read more

Jamaicans Encouraged to Host Wards of the State for Christmas

first_img Speaking with JIS News, Manager, Public Relations and Communications, at the CPFSA, Rochelle Dixon, said the programme was originally created for families with children in State care and who are unable to accommodate them full-time, but are encouraged to take them home for Christmas. The Child Protection and Family Services Agency (CPFSA), formerly the Child Development Agency (CDA), is again appealing to Jamaicans to participate in its annual ‘Take a Child Home for Christmas’ programme.The programme, which started 10 years ago, allows persons to open their hearts and homes to wards of the State during the festive season.Speaking with JIS News, Manager, Public Relations and Communications, at the CPFSA, Rochelle Dixon, said the programme was originally created for families with children in State care and who are unable to accommodate them full-time, but are encouraged to take them home for Christmas.However, over time, it was extended to persons with good moral standing, for example, persons who have volunteered in childcare facilities and would be in the agency’s volunteer database.Persons who are interested in participating in the programme are being asked to fill out an application form. They are also required to provide two references from a Notary Public, such as a police officer, a justice of the peace or a school principal; provide two passport-size photographs, a valid identification and must be 25 years or older.According to Miss Dixon, a background check is done on the applicants as well as a home assessment to see the physical accommodation and amenities. If the requirements are met, the applicant is then paired with a child, who they may host for a day or the entire holiday period.“I am pleading to Jamaicans to open their homes this Christmas to a child who is really excited (about) joining a family and sharing in the experience of love, joy and peace during this time of the year,” she said For further information about the programme, persons may visit any of the CPFSA offices across the island, telephone 948-2841-2, or send an email to The deadline for submission of application is December 15. Story Highlights Persons who are interested in participating in the programme are being asked to fill out an application form. They are also required to provide two references from a Notary Public, such as a police officer, a justice of the peace or a school principal; provide two passport-size photographs, a valid identification and must be 25 years or older. The Child Protection and Family Services Agency (CPFSA), formerly the Child Development Agency (CDA), is again appealing to Jamaicans to participate in its annual ‘Take a Child Home for Christmas’ programme.last_img read more

Alphaliner: Weak Earnings Lead to Hapag-Lloyd, UASC Merger

first_imgzoom Last week’s merger agreement between German shipping major Hapag-Lloyd and United Arab Shipping Company (UASC) was made amid ‘significant financial challenges’ that both companies are facing, according to Alphaliner.Despite annual synergy savings of USD 400 million, which the company hopes to achieve from the combination of Hapag-Lloyd’s and UASC’s container shipping businesses, the merged carrier will still require additional financial support from its shareholders.The two companies signed a Business Combination Agreement (BCA) on July 18. Once the regulatory and contractual approvals are obtained, the new Hapag-Lloyd will own and operate 237 vessels with a total transport capacity of around 1.6 million TEU.The new company is expected to handle an annual transport volume of 10 million TEU and have a combined turnover of approximately USD 12 billion.At the same time, Hapag-Lloyd issued a profit warning cautioning that lower freight rates and higher bunker costs would result in lower EBIT and EBITDA earnings in the second quarter, with the weak performance expected to persist in the second half of 2016, Alphaliner writes.Although full details of UASC’s financial position were not disclosed, the company’s earnings are significantly lower than those of Hapag-Lloyd, with an EBITDA of only USD 33 million in 2015, and a net loss estimated by Alphaliner at over USD 350 million last year, after accounting for interest and depreciation expenses.The combined Hapag-Lloyd/UASC entity plans to raise USD 400 million of new equity through a rights issue that will be underwritten by four key shareholders, Alphaliner said.last_img read more

Course correcting the economy

first_imgA majoritarian government with a thumping mandate has its work cut out. There is no time to fumble or experiment, the Narendra Modi government has to urgently sow several gaping holes in the economy that are causing economic distress. Modi’s mixed crew of new and old have the undaunting task of getting the economy back on track. Kickstarting growth is essential and it will entail a synchronised working of several ministries within the government. Also Read – A staunch allyModi 2.0 may have been voted back to power for a lot of things but economic progress is hardly one of them. In his first tenure, India’s GDP is slowing in every quarter (a steep drop of almost 2 per cent), FDI as a percentage of GDP was worryingly lower than in 2006, and joblessness was at a 45-year high. Less investment, high unemployment also means muted domestic consumption. One of the biggest indications of a stymied economy is the lack of domestic consumption. Also Read – Cuban pathosThe people of India who had voted for Modi’s ‘vikas’ in 2014 have once again reposed faith in his government to fix issues; there are several of them. Today, the economy is in a virtual coma requiring resuscitation. If the government once again resorts to AEDs such as the blundering demonetisation, it would end up flatlining the economy instead. It is time for hardnosed economists and policymakers to take up the reins of the economy, helping and guiding the country out of this economic mess. The government needs to quickly set its course within the first 100 days – jumpstart private investment, encourage demand, simplifying tax structures and their compliance. With the Budget likely to be tabled in July, it is also time for the government to put back money into the hands of the people by reducing their personal tax burden. A look at the 20-40 per cent drop in auto sales and the consequential reduction of the production of automotive giants shows the true picture. Indian exports need a leg-up and India must take advantage of the US-China stalemate. The government must urgently spell out reforms in labour and land acquisition, which will aid the industry in general and infrastructure development in particular. India needs foreign investment, and policies such as the e-commerce policy that seems to benefit ‘desi’ companies like the Ambanis over the Jeff Bezos of the world, prove to be detrimental. Monetising public assets, disinvestment, stabilising the banking sector, reducing GST, combating widening trade deficit, and strengthening the agrarian sector and the farmer, would further help in course correction. India desperately needs more liquidity in its system. Therefore, lowering interest rates, greater impetus on infrastructure development, government spending and boosting manufacturing are all dearly needed. In this stint, Modi must also give back to the Indian institutions their respect and credibility. No more interfering with the Reserve Bank of India (RBI) or getting other institutions to toe the government line. Allowing them to function independently is the best chance for Modi 2.0 to redeem the missteps of the past. The people of India have chosen Narendra Modi to steer the nation from impending economic doom. Only with the help of knowledgeable, experienced economists and policymakers can this be achieved. We cannot afford another five years of stunted growth, lack of private investment and lower consumer demand. The country needs an agile plan; and here’s hoping that the government is already making one. (The writer is a journalist and media entrepreneur. The views expressed are strictly personal)last_img read more

Athletes mobilize tell Calgary not to bail on 2026 Olympic bid

first_imgHelen Upperton was eight years old when Calgary held the Olympics in 1988 and her daughter with fellow Olympian Jesse Lumsden will be the same age in 2026 when the Games may return to the city.But that prospect is in serious jeopardy as Calgary city council will hold a vote to reaffirm support next week on a bid, before exploring the possibility any further.“Not necessarily yes for a bid, but yes to properly investigate whether or not we should bid as a city,” she said. “Unless we see the big picture and the whole picture, I don’t think it’s fair to stop the conversation so prematurely.”The two-time Olympian was joined by athletes from the past, present and future at WinSport in Calgary Friday morning, presenting a united front to keep the Olympic possibility going.Among the group was Mark Tewksbury, Kyle Shewfelt, Denny Morrison, Gilmore Junio, Seyi Smith, Jessica Zelinka, Catrina Le May Doan, Brian McKeever and Jeff Christie.“We were really trying to be respectful of the process and not influence too much,” Tewksbury said. “When the news came out on Tuesday of just how much in jeopardy this is, the athlete community mobilized.”Council was originally scheduled to debate public engagement options – including a plebiscite – next week, but on Tuesday, councillor Druh Farrell brought forward a motion at a committee meeting to hold a vote to reaffirm support before going any further.It passed 9-1 and after bureaucratic hiccups, allegations of favouritism and bias, as well as the miscommunication with other orders of government, there’s a strong possibility enough councillors will change their mind and kill the process.“Within three days, we’ve had hundreds of athletes sending letters to the councillors, organizing a press conference,” Tewksbury said. “Please keep the conversation going.”On March 20, council voted 8-6 with one member absent to form the $30 million Olympic BidCo., which would develop the plan necessary to put in a formal bid to the International Olympic Committee for the 2026 Games.But recently, councillor Ward Sutherland – who voted in favour of forming the BidCo. – has stated publicly he will vote no next week, citing changes from the provincial government in municipal funding, as well as unclear information from city administration.Councillor Diane Colley-Urquhart has also indicated it may be time to end the process, among her reasons the Alberta Government imposing a condition on the city to hold a plebiscite should it want provincial support in hosting the Games.The Calgary Bid Exploration Committee originally came up with a figure of $4.6 billion to host, with roughly half having to come from multiple orders of government.That figure came under scrutiny from several economic reports commissioned by the city and didn’t take into account other costs, such as the assumption that a new hockey arena would be operational by 2026.Another alarm bell for councillors was how the reports were made public, which were obtained by media and not widely distributed to the politicians themselves.But council is scheduled to receive updated financial information in the summer, including a fully-costed budget, a more detailed breakdown of funding from the public and private sector and a more thorough analysis of the economic impact for the city.Along with a plebiscite that would be required to be done between the fall and winter, the Olympians believe those numbers should be developed before ending the bid.“I’m a business owner, I’m a parent, I pay taxes, I’ve lived in this city my whole life, if it doesn’t make sense, and it looks like this is not going to be a good thing for the city, then I’ll say no,” Shewfelt, a gold-medal winning gymnast from the 2000 Games, said. “But we don’t have that information yet.”The councillors in opposition to the Games have cited multiple reasons beyond the cost itself, which some believe will go well above the estimated $4.6 billion.Among the reasons is skepticism in trusting the International Olympic Committee, a lack of public consultation, miscommunication with the provincial government and a perceived bias within the city administration to host the Games.One of the staunchest councillors against the Games, Sean Chu, recently said at a council meeting to Mayor Naheed Nenshi, “we all know you want the Olympics.”The Olympians have echoed Nenshi’s message from earlier this week that council shouldn’t decide without getting the fully-costed numbers, although he agrees there have been missteps along the way.“I share the frustration of last-minute changes by other orders of government, I share the frustration of reports that are not clear enough,” he said. “I think it’s fair to say it’s a bit in the ditch. And the question is, is it worth pulling out of the ditch or not? And I think it is.”One of the key pluses among Olympic proponents is the new and updated infrastructure that would come as a result of bidding for the Games.As many have noted, the facilities from 1988 Games are still readily in use and are a major part of Calgary’s identity after putting the city ‘on the map’ 30 years ago.But those facilities are in need of being upgraded at the risk of eventually going out of service, and many of Calgary’s Olympic athletes train in the city and the province.Some of those facilities are also partially funded by legacy money from the 1988 Games.“That legacy is soon going to run out,” former Olympian Catrina Le May Doan said, who was part of the CBEC committee before it was disbanded. “I don’t want the Oval to close, I don’t want WinSport closed, I don’t want Canmore to close.“What happens after that, do myself and other taxpayers then fund that or do we have an opportunity as Mark Tewksbury said, to work with the federal government, work with the provincial government and continue to have a legacy for not just sport, but a legacy for facilities.”The athletes aren’t alone, as the Calgary Chamber of Commerce also voiced its support to continue the process a few hours after the athlete rally.Another concern is going into the business with the IOC amidst its recent scandals, a fact acknowledged by Tewksbury, a former Team Canada Chef de Mission, who has been highly critical of the organization.“I still have a healthy skepticism about the bidding process in all of this, but I do believe in my heart at that the moment with the IOC, there’s a lot of misinformation,” he said, noting more Canadians are involved with the committee. “I do believe there’s a genuine openness to do things differently.”last_img read more

SC’s RBI circular quashing to relieve power cos… delay insolvency action

first_imgNew Delhi: The Supreme Court order quashing a Reserve Bank of India circular on resolving bad debt will provide relief to power companies and lenders as well as flexibility to restructure debts but will slowdown bankruptcy proceedings, experts said Tuesday. The Supreme Court on Tuesday quashed RBI’s February 12 circular, which prescribed rules for recognising one-day defaults by large corporates and initiating insolvency action as a remedy. Vishrov Mukerjee, Partner, J Sagar Associates said after the Supreme Court judgment, the RBI may have to issue revised guidelines/circulars for the restructuring of stressed assets. Also Read – Thermal coal import may surpass 200 MT this fiscal”There is also a question mark over existing processes which may have been completed/nearing completion,” he said. “However, with the threat of IBC proceedings mitigated, it will give some breathing space to power companies and lenders as well as flexibility to restructure debts in a manner which ensures continuity and value maximization for lenders as well as power companies.” Cyril Shroff, Managing Partner, Cyril Amarchand Mangaldas, termed the ruling as a major development that shows how “proactive” the judiciary has been. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boost”Whilst it’s too early to say but if banks voluntarily still invoke IBC – the practical impact will be minimal,” he said. ICRA senior vice president Sabyasachi Majumdar said the Supreme Court decision is likely to result in a further slowdown in the already tardy pace of resolution of stressed assets in the power sector. “This apart, the resolution process is in any case subjected to regulatory risks as exemplified in the case of the Prayagraj Power asset, where the regulator has given a recent directive for a discount in PPA tariff while allowing the shareholding change approval for the same,” he said. Srikanth Vadlamani, Vice President, Financial Institutions Group, Moody’s Investors Service, said voiding of the February 12 circular is credit negative for Indian banks. “The circular had significantly tightened stressed loan recognition and resolution for large borrowers. But, with the voiding, this may now have to be watered down,” he said. “The resolution of stressed loans impacted by the circular will be further delayed as the process may have to be started afresh”. The RBI had on February 12, 2018, issued a circular on the resolution of stressed assets revised framework — commonly known as February 12 circular. According to the circular, lenders had to classify a loan account as stressed if there was even a day of default. The bankers had to mandatorily refer all accounts with over Rs 2,000 crore loans to the National Company Law Tribunal (NCLT) or the bankruptcy court if they failed to resolve the problem within 180 days of default. Lenders were supposed to file an insolvency application under the Insolvency and Bankruptcy Code 2016 within 15 days of the completion of the 180-day deadline. The circular also withdrew the loan resolution mechanisms the RBI had implemented, such as Corporate Debt Restructuring and Strategic Debt Restructuring. Power sector was the worst hit by the circular and so were companies in steel, textile, sugar and shipping sector. GMR Energy Ltd, RattanIndia Power Ltd, Association of Power Producers (APP), Independent Power Producers Association of India, Sugar Manufacturing Association from Tamil Nadu and a shipbuilding association from Gujarat moved different courts against the circular. The power sector argued that outstanding loans of Rs 5.65 lakh crore (as on March 2018) were a result of factors beyond their control such as unavailability of fuel and cancellation of coal blocks. The Supreme Court Tuesday held that the circular was ‘ultra vires’ — meaning it went beyond the scope of what the RBI can do when coming up with rules and regulations. Mukerjee said the Supreme Court verdict along with recent government decisions implementing the recommendations of the High-Level Empowered Committee will provide much needed respite and impetus to regulatory reform in the power sector.last_img read more

German economy shrinks amid trade concerns auto woes

FRANKFURT — The German economy shrank by 0.1 per cent in the second quarter as global trade conflicts and troubles in the auto industry weighed on Europe’s largest economy.The state statistics agency Destatis said Wednesday that falling exports had weighed on output while demand from consumers and government spending at home had supported the economy.Germany’s economy is facing headwinds as its auto industry, a key employer and pillar of growth, faces challenges adjusting to tougher emissions standards in Europe and China. The industry has also suffered from the U.S.-China trade conflict that has added tariffs on cars made by German companies in the U.S and shipped to China, while uncertainty over the terms of Britain’s planned exit from the EU has weighed on confidence.The Associated Press read more

A new dream is born for a Syrian immigrant

CALGARY (CityNews) – The Canadian dream changed for one Syrian engineer when he immigrated to Calgary in the middle of a recession.Tammam Altajar came to Canada in 2017 through the skilled worker program after spending years in the Middle East working in the oil and gas sector.The work, however, dried up in Calgary so he turned to an old passion, echoing back to his days on an old computer–playing flight simulation games.Altajar’s new business Altitude Flight Simulation Centre opened Wednesday thanks to the help of his business partner and fellow refugee Saleh Allbwani.“I tested this market when we used to be in Dubai or the U.S. and to achieve this type of business here is a dream.”Altajar says after long days getting it set up, he can finally get back to an old hobby. He hopes his story can inspire others.“Each person coming to Canada regardless of the way they are coming in has a specialty.” read more

Security Council holds closed meeting on Kosovo status talks

Secretary-General Kofi Annan’s special envoy on the status talks, former Finnish President Martti Ahtisaari, told reporters the meeting was important in light of a call from interested States for him to prepare a comprehensive proposal for a settlement and for all possible efforts to be made to achieve a negotiated settlement this year. The so-called Contact Group – the United States, United Kingdom, Germany, France, Italy and the Russian Federation – had met with Mr. Ahtisaari at ministerial level at UN Headquarters earlier this week.In his latest report earlier this month, Mr. Annan called for more flexibility from all sides in deciding the final status of Kosovo, where Albanians outnumber Serbs and others by 9 to 1. Independence and autonomy are among options mentioned for the province, which the UN has run since Western forces drove out Yugoslav troops in 1999 amid ethnic fighting.Serbia rejects independence and the country’s President Boris Tadic also briefed the Council session.One of the technical issues that the Kosovo and Serbian sides have been discussing – decentralization and the creation of new municipalities with Kosovo-Serb majorities to encourage the return of hundreds of thousands of Serbs who fled – was highlighted this week by a bomb attack that wounded four members of a Serb returnee family in the western town of Klina/Kline.The UN High Commissioner for Refugees (UNHCR) noted today that this was the third violent attack over a short period of time targeting Serb returnees in the municipality. A returnee was shot dead in front of his house in June and earlier this month the newly constructed home of a returnee family was blown up. “Each and every security incident has dire consequences on the overall return process, with a ripple effect spreading among the non-Albanian displaced population,” Agency spokesman Ron Redmond told a news briefing in Geneva. “UNHCR considers it imperative that perpetrators of such acts are found and prosecuted in accordance with the law.”In early 1999, Kosovo was the scene of atrocities and the forceful displacement of hundreds of thousands of ethnic Albanians. After a three-month intervention by NATO, culminating in the arrival of troops, most of Kosovo’s Albanian population returned to their homes within days.“In contrast, the return of non-Albanians, which started in 2000, has been painfully slow,” Mr. Redmond said. “To date, only some 15,600 minority returns have been registered – out of the estimated 250,000 ethnic Serbs, Roma and others who left the province after the withdrawal of Serbian forces in 1999.”Apart from the attack on Serbs, Kosovo has also seen other violence in recent days, including a bomb attack on the car of ethnic Albanian Interior Minister Fatmir Rexhepi. read more

Notley dismisses concerns minimum wage hike carbon tax will hurt Alberta economy

Premier Rachel Notley says she rejects the notion that a minimum-wage hike and carbon tax will hurt the provincial economy.Opposition parties have lambasted the NDP government for charging ahead with those two policies at a time when the province’s economy is ailing.But Notley told reporters Tuesday that she believes most Albertans support the government’s direction on those issuesOn the minimum wage issue, Notley says her government is trying to strike a balance between supporting businesses and tackling inequality.On Saturday the minimum wage will rise by $1 to $12.20 an hour, gradually increasing to $15 an hour by 2018.An economy-wide carbon tax is set to take effect in the new year as part of a sweeping climate-change strategy that also includes a cap on oilsands emissions and the phase-out of coal. Courtesy of Twitter AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Sandra Prusina Posted Sep 27, 2016 4:50 pm MDT Notley dismisses concerns minimum wage hike, carbon tax will hurt Alberta economy Alberta|Rachel Notley read more