APTN National NewsA recent alleged sighting of Bigfoot in the Yukon has people on the hunt for the elusive creature.The sighting happened just outside of Kluane National Park.APTN’s Shirley McLean has the story.
Opposition Leader responds to Throne Speech 11 days later; says PDM Govt plan puts TCI in ‘deep doo doo’ Facebook Twitter Google+LinkedInPinterestWhatsApp Olive branch extended by Opposition Leader, says it is time for Turks and Caicos leaders to unite TCI Country Leaders condemn vicious memes Related Items:appropriations committee, audio system, house of assembly, john phillipis, pnp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 20 Nov 2015 – The House of Assembly was held up in doing the business of the country today when the microphone system went out; it forced an almost two hour closure of Parliament on Thursday. It was earlier this week that some members of the Appropriations Committee chided the PNP Administration for cutting back on monies allocated for improvements to the House of Assembly. The Member for Five Cays told Magnetic Media, the House of Assembly is ‘falling apart.’ Governor’s Appointed Member, Hon John Philips also had thoughts about the state of the honourable House of Assembly. Recommended for you
Facebook Twitter Google+LinkedInPinterestWhatsApp Bahamas: 150 laid off by Resorts World Bimini, Save the Bays siding with workers Bahamas Environment Takes Surprising Centre Stage at Global Conference Save The Bays Pins 24 Bahamians Youth Environmental Ambassadors Facebook Twitter Google+LinkedInPinterestWhatsAppBahamas, January 26, 2017 – On the heels of official news that the 2016 was the hottest year on record globally since weather record-keeping began in the 1880s, (www.edition.cnn.co), Save The Bays Chairman Joe Darville urged the nation’s leaders to act before up to 80% of the islands of The Bahamas are swallowed or inundated by water from rising seas caused by climate change.Darville, a climate change lecturer certified by Al Gore, stepped up his year-long efforts in the face of what he says “is irrefutable evidence that we are on a path to becoming little more than a memory of a forgotten time when we were once the most beautiful place on earth.”“The very same waters that inspired astronaut Scott Kelly to declare The Bahamas to be ‘the most beautiful place from space’ could be inundated by water from rising seas in our grandchildren’s lifetime,” said Darville. At 75, the lifelong educator and human and environmental rights advocate has vowed to spend his remaining years sharing the message of protecting and preserving The Bahamas. In recent weeks, he stepped up those efforts, talking to students, appearing on radio, participating in interviews, spreading the warning wherever he could that the time for talk is over, the time for action is now.“We have only 5,300 square miles of land in 100,000 square miles of ocean and the prediction is that by the end of this century 80% of our islands will be inundated by the sea,” said Darville. “We must be prepared, we must be alert. We owe it to our children and to generations to come to do everything in our power to mitigate against the effects of climate change. We cannot stop it, but we can slow it down and it is up to us to do that and we can.”According to Darville, mitigation can take several forms. First, he says, is protection of life by making the tough decision not to allow people to rebuild on treacherous, low-lying properties where stronger hurricanes in the future that will form in the Atlantic will strike with little warning and could swallow entire seafronts. He points to land in Grand Bahama that has receded 35 feet in a decade and the home where he grew up in Long Island that was washed away by Hurricane Joaquin.Next, he says, Bahamians must reduce the nation’s carbon footprint. Though not large relative to highly industrialized nations, the local footprint could be significantly reduced by growing more food locally, establishing green spaces, trading fossil fuels for sustainable power supply sources and requiring a less harmful type of fuel for jet aircraft. “Today, 30 million tons of carbon is emitted into the atmosphere by jets every year, burning the ozone layer,” he said. And, he suggests, it is time that Bahamians revived the art of boatbuilding.“We are going to be a floating country, I don’t want to scare people but I want to alert our people, to wake them up to what is happening around us. There are those who say that what we are seeing is just part of Mother Nature’s cycle. Yes, it is part of a cycle but climate change is speeding it up in a way we have never experienced before. That is why each of the last three years has been recorded as the hottest year in history. We have seen 20,000-year cycles but this cycle is accelerated by 300% because of industrial pollution, greenhouse effects and what we have done to alter the environment. I just want us to be aware, to develop a plan and realize this is happening right now, not in the future, but before our very eyes and only we have the power to change it.”Launched in 2013, Save The Bays has been an outspoken non-government organization promoting environmental protection, freedom of information and an end to unregulated development through education, legal and public awareness campaigns. Its Facebook posts draw more than 20,000 friends and its 6-point petition www.savethebays.bs, has some 7,000 signatures. Recommended for you Related Items:#magneticmedianews, #Savethebays #MagneticMediaNews #SaveTheBays
October 28, 2018 SWAT team called after reports of gunfire in Bonita, suspect arrested KUSI Newsroom KUSI Newsroom, BONITA (KUSI) — Reports of gunfire in a neighborhood in Bonita brought out a SWAT team, where an alleged gunman was arrested and nine other people were detained Sunday.No one was hurt, and sheriff’s deputies ultimately arrested one person in connection with the incident.A caller told police just before 4 a.m. Sunday that they could hear gunshots in a neighborhood east of Briarwood Road and south of state Route 54, San Diego County Sheriff’s Department Lt. Michael McNeill said.A Sheriff’s Department SWAT team headed to the 5400 block of Robinwood Road, where they found shell casings and live rounds in the driveway of a house and initially detained nine people for questioning. Officers from the San Diego and Chula Vista police departments also responded to help.While deputies and officers were conducting their investigation, they heard several more gunshots coming from nearby, McNeill said.Deputies and officers saw a man run away, and they briefly chased him but lost sight of him, according to a Sheriff’s Department news release. With the help of a police dog, they were able to find the man hiding in shrubs outside an apartment complex, and they detained him as well.Deputies also found a gun and a magazine in the area, McNeill said.The man, Salvador Barajas, 25, was first taken to a hospital for a medical evaluation before being booked into jail on suspicion of negligent discharge of a firearm. Posted: October 28, 2018 Categories: Local San Diego News FacebookTwitter
Video content, particularly that produced in concert with Snapchat Discover and Facebook Live, would become a dominant theme throughout the program. If there was one thing Hearst wanted media buyers to take away from its hip, “house party” styled Newfronts presentation atop Hearst Tower Wednesday evening, it was that the legacy magazine publisher is committed to reaching millennials. Really, really committed. The shirtless male dance crew that kicked off the evening’s proceedings to the tune of Ginuwine’s “Pony” may have been met with initial confusion from the attendees hastily seeking drink refills from the stage’s adjacent full bars, but all was explained when actor Channing Tatum and Hearst Digital Media SVP Lee Sosin took to the stage to reveal a year-long content partnership between Cosmopolitan and “Magic Mike Live,” a Vegas installation based on the hit films. The exclusive content deal will include multiple video series, Facebook Live broadcasts, Snapchat takeovers, and virtual reality. Snapchat’s VP of content, Nick Bell, lauded Hearst’s embrace of the app’s Discover publishing platform. Expanded content partnerships were revealed, exclusive to Discover, including “SnapHacks,” a series of advice videos covering food, fashion, beauty, and fitness produced by Cosmopolitan; and “The Sweet Guide to a Better Life,” designed to help viewers expand their cultural horizons. Credit: Hearst Magazines Troy Young, president of Hearst Magazines Digital Media, touted the company’s massive success in digital video production—over 350 million video views monthly with 100 new videos produced each week—before stating, “If you want to connect with millennial audiences, you need to get Snapchat right.” Other notable video launches in the works include “WhoHaHa,” an original comedy series developed by Cosmopolitan and actor/comedian Elizabeth Banks; Elle.com’s “How Do I Wear That?,” meant to bring the latest runway looks from Paris and Milan into the everyday woman’s closet; Esquire’s “How to Be a Man,” depicting hapless former Cosmo staffer Frank Kobola attempting to carry out “manly” tasks (you see, millennials love rigid gender norms but hate manual labor); Manhood, a documentary series taking a more serious look at what it means to be a man in the 21st century; and “The Younger Games,” following Kelly Deadmon’s irreverant and comedic attempts to look younger. Esquire’s new editor-in-chief, Jay Fielden, previewed his new celebrity and style game show, “Who’s That Guy,” which will be broadcast on Facebook Live (Hearst plans to produce over 200 Facebook Live broadcasts each month, according to Todd Haskell, SVP and CRO of Hearst Magazines Digital Media). A sizzle reel followed Tatum’s departure from the stage, depicting the digital initiatives Hearst’s various brands have been taking and culminating in one all-encompassing mantra: “Hearst. We make good sh*t.” For those over-35’s reading this, millennials apparently don’t have time for verbosity or austere decorum. Millennials just want good shit. “The star of every video we make is the person watching it,” said Sosin. “Whether it’s smart service, hilarious comedy, or inspiring journeys, everything is audience-first and built to be shared.” If anything was clear to those taking the 40+ floor elevator descent back to ground level at Hearst Tower Wednesday evening, it’s that Hearst knows who its partners want to reach, and it’s doing everything it can to get them there.
Since 2015, the company’s majority owner has been The Wicks Group, the private equity firm that also owns the B2B media company Bisnow but sold its stakes in Jobson Healthcare Information, NewBay Media and Northstar Travel Group within the last three years.This is a developing story. Scott KenerlyB2B media and events company Argyle Executive Forum is parting ways with its president, Scott Kenerly, sources tell Folio:.It’s the second leadership change in less than two years at Argyle, which owns the media and events companies CFO Publishing and Innovation Enterprise as well as Proformative, an online platform for finance professionals, in addition to its own membership-based executive summits business.Kenerly spent about a year and a half as president of Argyle, rising to that position in September 2017 to succeed Danny Phillips, who had spent the previous three years in the role. Before that, Kenerly had served as Argyle’s CFO since joining the company from Cisco Systems in 2015.Argyle has yet to announce a successor to Kenerly, according to a source familiar with the situation, who said that the process is in its early stages. Reps for Argyle declined to comment.
Private equity firms Blackstone and Apollo Global Management have reportedly entered the fray to acquire Mphasis, following a renewed decision by Hewlett Packard Enterprise (HP) to sell 60.4 percent controlling stake in the subsidiary. With Tech Mahindra already in the race, the two firms will have to vye with the IT major in an estimated billion-dollar deal.These companies were selected from a group of global and domestic tech companies and PE funds, including TPG and Bain Capital, sources familiar with the matter told The Economic Times.However, there is “no certainty” that the talks, which are in early stages, would result in a deal, sources said.Citigroup has been roped in to oversee the sale process.Mphasis shares traded 3.7 percent higher at Rs 450 on the Bombay Stock Exchange (BSE) on Thursday. Currently, the firm has a market capitalisation of Rs 9,453 crore.HP’s renewed plans to sell Mphasis comes in the wake of the company’s focus on reviving its IT services, as clients move to cloud computing for the technology needs. HP had acquired Mphasis as part of its $14 billion buyout of EDS eight years ago.In September last year, HP had announced plans to cut nearly 28,000 to 33,000 jobs, mainly in its enterprise services group. Recently, the company was split into two — Hewlett Packard Enterprise and HP Inc.”The suggestion that Mphasis is up for sale points to two issues: First, the further unravelling of HP’s ill-fated acquisition history. Mphasis was never fully integrated nor were its capabilities fully leveraged. Second, the acceleration of consolidation. Virtusa just bought Polaris, who like Mphasis have a strong focus on the BFSI sector,” Tom Reuner, Managing Director at HfS Research told the daily.However, Tech Mahindra is currently not “pursuing” the deal even though it had weighed the prospects of acquiring Mphasis, senior Tech Mahindra sources said, according to ET.”As of now, Tech Mahindra has no interest in pursuing Mphasis,” said one of them.”Mphasis’ EBITDA (earnings before interest, taxes, depreciation and amortisation) margins have also come down from 20 percent levels in 2012 to a range of 14-15 percent whereas it remains at 16-18 percent for many of its peers. The HP margins are also 2x that of the non-HP business,” said a source.”However, the BFSI (banking, financial services and insurance) and digital focus along with the scale of business that has been clocking around a billion dollars in revenues â€” a key threshold in the space â€” will give scope to turn around the operations,” the person added.Mphasis posted a net profit of Rs 675 crore and revenue of Rs 5,795 crore for the last fiscal year ending March 2015. Banking, capital markets and insurance verticals account for 55 percent of its revenues.
Shares of private sector lender, Yes Bank, fell over five percent on Thursday after the bank announced a qualified institutional placement (QIP) issue or share sale of over $1 billion to boost its capital base.The Yes Bank stock closed at Rs. 1,326 on Thursday, down 5.65 percent from its previous close on the Bombay Stock Exchange.”The QIP is now opened across the world and we expect investors from across the world to participate. We are targeting $1 billion in line with the enabling resolution from our shareholders. This is growth capital for our bank, which is growing at 30 percent, and we will ensure that we continue to grow at that pace,” the Economic Times quoted Rana Kapoor, CEO at Yes Bank.A QIP is a process by which a listed company raises funds by selling its shares to institutional investors. During an interview with Bloomberg in June, the bank’s CEO had said that the QIP would result in diluting between 12-13.5 percent stake.Yes Bank is reportedly selling shares worth Rs. 6,600 crore (about $1 billion) to institutional investors at Rs.1, 410 per share. Goldman Sachs, Edelweiss, Religare, Motilal Oswal and HSBC are among some of the lender banks for the institutional placement issue.According to media reports, shareholders of the Mumbai-based bank had approved fund-raising to the tune of $1 billion.The bank had managed to raise about $500 million (about Rs. 2,900 crore) through the same route in May 2014. During the time, it had hired HSBC Holdings Plc, Deutsche Bank, Motilal Oswal Securities Limited, JM Financial Ltd and UBS in addition to Goldman Sachs for the fund raising.
A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange (BSE) building in Mumbai, June 20, 2016.Reuters fileIndian markets ended the week on a strong note on Friday, tracking gains in Asian stocks on easing concerns over higher rates and inflation.Investors bought shares of recent underperformers such as pharma and financials after a tumultous last week.The Sensex ended higher 322 points, or 0.95 percent, at 34,142 and the Nifty gained 108 points, or 1.04 percent, at 10,491. The Indian rupee strengthened against the U.S. dollar on the back of gains in local equity markets.The partially convertible rupee closed at 64.73 on Friday, up 0.50 percent from its previous close of 63.05.So far this year, the rupee weakened 1.3 percent, while foreign investors have bought $895.80 million and $1.68 billion in equity and debt markets, respectively.The stock markets remain close on March 2 on account of Holi.Here’s what to watch in the coming days.Powell’s testimonyMarkets may well get a jolt of additional information on the outlook for U.S. interest rates over the coming week as newly appointed Federal Reserve chair Jerome Powell presents his first semi-annual testimony starting on Tuesday to both the houses of the U.S. Congress.His comments could shed some light on the ongoing debate over the pace of rate hikes this year and beyond.Powell will deliver the pre-released semi-annual Monetary Policy Report to CongressIndeed, markets will be keenly watching Powell’s performance from a confidence standpoint given he is a seasoned veteran but not an economist who is following in Yellen’s footsteps, according to a note by Scotia Bank.Italy votesSo far markets have largely ignored the Italian election but things are likely to change next week.Italians go to the polls on March 4 and the result is expected to be officially announced on Monday.The main parties to watch are Forza Italia, headed by Silvio Berlusconi, former prime minister; Democratic Party, headed by Matteo Renzi, also a former prime minister who quit the post in 2016; and 5 Star Movement with Luigi Di Maio as its leader.Opinion polls in the months leading up to the election have pointed to a hung parliament where no one party will gain a majority to govern alone.However, polls have shown that although Berlusconi’s center-right is seen as the strongest coalition, M5S is the most popular single party.Italy is the euro zone’s third largest economy and the vote could have far-reaching consequences for the country’s fragile economy, mirred with bad debts and soaring unemployment.Auto sales dataAuto stocks will be in focus as the auto companies will start announcing monthly sales numbers for February 2018 starting from Thursday.Economic dataManufacturing: Markit Economics will unveil the results of a monthly survey on the performance of India’s manufacturing sector for February on Wednesday.Q3 GDP: The government will announce data on third quarter gross domestic product on Wednesday. GDP growth had recovered to 6.3 percent in the third quarter from 5.7 percent recorded in the first quarter.U.S. home sales, GDP: In U.S., the data on new home sales measuring the number of newly constructed homes with a committed sale during January will be announced on Monday. Fourth quarter GDP data and pending home sales data for January will be unveiled on Wednesday.