FormerGov Palin Defends ACES

first_imgFormer Alaska Governor Sarah Palin defended the oil tax structure she championed while in office, known as ACES. The system has been dismantled by state lawmakers and her successor Governor Sean Parnell.Download AudioPalin also took a swipe at Parnell on Anchorage radio station KWHL when asked about Parnell’s change in direction, pointing out that Parnell came from the oil industry.Parnell was Palin’s lieutenant governor from 2006 to 2009.Palin also had supportive words for a rival to Parnell in this year’s gubernatorial race, Bill Walker, who is running as an independent. She didn’t endorse Walker, but said he has “his thumb on the pulse of… most Alaskans who care about the future of this state.”Walker said today that he had not spoken with Palin and was surprised by her remarks.last_img read more

Begich Sullivan Rally Voters Each His Own Way

first_imgIn the final days before the U.S. Senate election, candidates Mark Begich and Dan Sullivan making their final pitches, aiming to rally their supporters to the polls. Sullivan got help from two national figures representing polar opposites of the GOP: Mitt Romney, an establishment Republican, and Sen. Ted Cruz, a Tea Party hero.Download AudioCruz travelled with Sullivan around the railbelt. At a rally in the Mat-Su Valley Sunday, Cruz spoke for about half an hour, and included calls to abolish the IRS and end federal regulation of fracking. Cruz, frequently adopting the cadence of an evangelical preacher, told a few hundred cheering fans the race would be won or lost right there.“The men and women in this room, if everyone of you goes out and gets nine other people, you will win this race. You will elect Dan Sullivan and you, personally, will retire Harry Reid,” he said.An Anchorage airplane hangar was the scene of a Republican rally with Romney today. Sullivan said he was happy to have the former presidential candidate there.“It feels amazing! Shoulder to shoulder next to him,” Sullivan said from the stage.By contrast, Begich’s final campaign days were more in the trenches. He gathered with supporters in Palmer and Wasilla, then met with a few dozen public employees in Anchorage on Saturday. With his wife dispatched to Bethel and his mom in Barrow, Begich handed out hot chocolate to UAF students today before flying back to Anchorage.“Wherever there’s an undecided voter, I will show up,” he joked.Polls show Begich is cutting into Sullivan’s lead. Or maybe not, depending on which poll you believe. PPP, a firm that polls for Democrats, called voters over the weekend and says Sullivan is just one percentage point ahead of Begich. But a poll last week, by New Jersey-based Rasmussen Reports, says Sullivan has pulled to his largest lead yet in a Rasmussen poll — 5 points.The Division of Elections says as of yesterday, more than 47,000 Alaskans have already cast ballots, through early and absentee voting. That’s 18 percent of all ballots cast in Alaska’s last mid-term election, in 2010. Spending in the Senate race is now at $57 million, which comes to more than $200 per likely Alaska voter.last_img read more

Alaska News Nightly Friday Nov 20 2015

first_imgWalker replaces 2 members on gas line boardRachel Waldholz, APRN – AnchorageGov. Bill Walker is once again shaking up the state’s gas line team. On Friday, Walker replaced two of seven board members for the Alaska Gasline Development Corporation, or AGDC.Alaska may be 1st state to allow marijuana cafesZachariah Hughes, KSKA – AnchorageAlaska is on track to be the first state in the nation to allow recreational use of cannabis at venues similar to a bar or a cafe.Tongass plan drafts timeline for transition to young-growth harvestJoe Viechnicki, KFSK – PetersburgThe U.S. Forest Service has released a new plan for managing timber lands on the Tongass National Forest in Southeast Alaska. It puts a timeline on the transition from young- to old-growth logging and it attempts to make it easier to develop hydro projects.Chugach Tree fulfills holiday destiny on Captiol lawnLiz Ruskin, APRN – AnchorageA 74-foot tree cut from the Chugach National Forest near Seward nearly a month ago arrived at the U.S. Capitol today. It’s the first time the Capitol Christmas tree has come from the 49th state.Estrada subsistence fishing case may influence other bag limitsJennifer Canfield, KTOO – JuneauCharges against three Southeast subsistence fishermen have once again been dismissed.Skipjack tuna, other warm-water fish increasingly caught in AlaskaMatt Miller, KTOO – JuneauA four-legged thief is blamed for the disappearance of a warm water fish carcass that was discovered in Alaska waters. But at least there’s proof… in the form of pictures.ABC Board hires first Yup’ik investigator in 15 yearsLakeidra Chavis, KYUK – BethelThe Alaska Alcoholic Beverage Control Board hired a new investigator in early October. He’s the first Yup’ik investigator in 15 years, and maybe, the first ever.AK: With sustainable logging in mind, Galena looks to forests for fuelTim Bodony, KIYU – GalenaLarge-scale logging on the Yukon River started about a hundred years ago with the influx of steamships. Village residents clear-cut wide swathes of forest along the river. These days, villages like Galena are once again looking to the forest for an energy supply. But this time around, a new generation of loggers is thinking more about sustainability in how – and why – they harvest trees from around their communities.49 Voices: Leonard Savage of WasillaThis week we’re talking with Athabascan ivory carver Leonard Savage about how he got his start. Savage splits his time between Wasilla and Kentucky. Stories are posted on the APRN news page. You can subscribe to APRN’s newsfeeds via email, podcast and RSS. Follow us on Facebook at alaskapublic.org and on Twitter @aprn.Download Audiolast_img read more

Immigration and Alaskas economy

first_imgAlaska’s immigrant population is growing at a faster rate than almost any other place in the nation, and most of the people who arrive in the state are of working age. Immigrants are starting new businesses, paying taxes, and helping build our local economies. On the next Talk of Alaska we’ll talk about the contributions of foreign-born Alaskans and the challenges they face when starting a life here.Listen NowHOST: Anne HillmanGUESTS:Jessica Roley – owner of MedPhysicals PlusJon Bittner – Vice President of Anchorage Economic Development CorporationStatewide callersParticipate:Call 550-8422 (Anchorage) or 1-800-478-8255 (statewide) during the live broadcastPost your comment before, during or after the live broadcast (comments may be read on air).Send email to talk [at] alaskapublic [dot] org (comments may be read on air)LIVE Broadcast: Tuesday, September 13, 2016 at 10:00 a.m. on APRN stations statewide.SUBSCRIBE: Get Talk of Alaska updates automatically by email, RSS or podcast.last_img read more

Russian River flooding is affecting Kodiak residents

first_imgRussian River flooded last week in Kodiak leaving some residents scrambling to address the damage.Listen nowLarry Evans woke up in the middle of the night and thought he should throw another log into his wood stove. But when he walked down stairs he found a surprise.“Flipped on the light and got to the landing and everything was floating,” Evans said. “I just got tears in my eyes. I didn’t know what, I just…memories, everything just everything…floating.”The entire first floor of his house was underwater. He acted fast. Evans and one his sons got a pump going and did whatever they could to salvage their belongings. The water did finally recede, but even days later, Evans can still see signs of flooding in his yard.“You can see all the grass is laid flat like a river ran through here, because it did,” Evans said.The Russian River runs behind his house, but Evans said it’s never flooded like this before. He’s also surprised by the amount of rain it took to raise it. The National Weather Service estimates Kodiak got over two inches of rain during the week of the flooding.Upstream is where the water breached the riverbank and created a channel that shot towards Evans and his family. Andrew Finke lives near where this happened. He said the river’s path has changed over the last year, which is making it flood more often.“That didn’t use to affect anybody’s property, but with how the channel has changed its flooding in in a different way,” Finke said.This makes Finke nervous.“It could start flooding people’s septic tanks which could then cause people’s wells to be contaminated,” Fink said. “We’re standing on Leda St. It’s been eroding away. I’d guessing we’ve lost another four feet of it.”Finke and other concerned residents showed up at a recent Kodiak Island Borough Assembly work session and asked for help. Borough manager Michael Powers said they’re monitoring the situation, but its options are limited.Back at Larry Evans’ house, fans are running nonstop. He’s walking through pointing out what he’s done so far. The water was a foot deep, so there’s a lot of work to do.“This is how I started,” Evans said. “It was soaked all the way up here. I’m trying to get it as dry as possible.”Evans doesn’t want mold to grow, so he’s ripping out all the affected carpet, drywall and insulation. Evans thinks the damages will be in the thousands, but he feels like the community is rallying around him.“All I could think of that night was what am I gonna do and uh, well today I got some kind of hope anyway,” Evans said.Evans said “some” good Samaritan dumped a load of gravel in front of where the river flooded, so hopefully that will protect his house for now.last_img read more

Iditapod A new Norwegian champ and the runnerup reflects

first_imgJoar Leifseth Ulsom in Nome early Wednesday after winning the 2018 Iditarod Trail Sled Dog Race, his first championship. (Lia Nydes/KNOM photo)The Iditarod has crowned a new Norwegian champion: Joar Leifseth Ulsom. The 31-year-old pulled under Nome’s Burled Arch at 3 a.m. Wednesday with eight dogs in harness to claim his first championship, taking the win in Iditarod 46. Ulsom is the first Norwegian musher to win the thousand-mile sled dog race since Robert Sørlie in 2005. Girdwood’s Nicolas Petit arrived a little over two hours later, and he spoke to reporters about how his race went and where it went wrong.last_img read more

49 Voices Lyndea Kelleher of Anchorage

first_imgLyndea Kelleher of Anchorage. (Photo by Wesley Early, Alaska Public Media – Anchorage)This week we’re hearing from Lyndea Kelleher in Anchorage. Kelleher is graduating from the University of Alaska Anchorage on Sunday and will be the student speaker at the commencement ceremony.Listen nowKELLEHER: So, my mom is not from the United States; she’s from the Philippines. And so for her, she really pushed her children to get an education because after that, you can do whatever you want. Basically, she was very, very encouraging and supportive of whatever we wanted. For me, she was like, “Yeah. You can go become the president, and a doctor, and a lawyer.” But yeah, my thing was always like, “I’ll be Doctor, Lawyer Kelleher, future president.” So there was never one thing where, “my sights were set on this.” It was always, “just get your education and then anything you want to do, the door is open.”When I left for San Francisco, I was so heartbroken. I was like, “This is not Alaska. The trees are all wrong. Where do I go hiking? What do I do?” And I had such a great childhood growing up here. I went to a very diverse school. The academics were great, I had a lot of opportunities. And so, I would one hundred percent want that for my own family. You’re crazy to leave Alaska.I think coming to UAA, it was really great because it gave me so many opportunities. And I never knew that I would end up interning for the mayor.At the time, I was really interested in the economic empowerment of women, and so that’s kinda what I pitched them with. And so they were like, “You know, we’re not doing anything specifically on that, but we have some programs that we’re working on right now that have to do with empowerment of youth and immigrants and minorities.” And definitely the work that can be done for empowering women can be applied to all these other communities.And so I’m kinda like, if there was a way that I could join urban planning and policy together and then do all that work at once, that would be my dream job.I always joke about saying I wanna be mayor, but it’s like, I kinda do wanna be mayor. But I think I would hate running for office, just because it’s so much work being in the public eye. But I feel like it’s a definite possibility that you’ll see my face somewhere being like, “Vote for Lyndea.”last_img read more

Dead lizard found in kids food in Mahabubabad

first_imgMahabubabad: A dead lizard found in the food served to 12 children in an Anganwadi centre at Venkatram Thanda under Kesamudram mandal created flutter among the authorities on Wednesday.The teacher, who noticed a dead lizard in the rice bowl while the children were having lunch, rushed them to Area Hospital in Mahabubabad in ambulances. The food was also served to students of a neighbouring government primary school. All the children were in the age group of three to nine years. Barring a few children, who complained of nausea, the others appeared safe. The parents and their relatives turned in large numbers to the hospital. According to hospital authorities, all the children were safe and doing well, it’s learnt.last_img read more

Arab spring hasnt failed it has just begun Nobel laureate

first_imgMainau Island (Germany): Days before Tawakkul Karman, then 32, was to become the face of Arab Spring — a series of pro-democracy movements that swept much of the Middle East and North Africa in 2011, shaking some of the region’s longest-standing governments — she would often think of the safety of her children. The mother of three who worked as a journalist in Yemen — and went on to become one of the youngest recipients of the Nobel Prize for Peace — had been organising protests since 2007 against the “authoritarian regime” of Ali Abdullah Saleh, but in 2011, as the movement gained traction, threats to her and her family poured in. Also Read – EAM Jaishankar calls on European Parliament President David Sassoli Advertise With Us “They arrested me, threatened me and my family and tried to kill me. When they couldn’t break me, they threatened to harm my kids. But I wasn’t afraid as I thought about all the kids in Yemen and what future would they have. I thought that if I give up for the sake of my three kids, it would mean betraying all the others,” Karman said, while addressing a gathering of Nobel prize-winning scientists and young scientists from around the world during the 69th Lindau Nobel Nobel Laureates meeting. The threats only made her stronger and her resolve to “fight for freedom” for all of Yemen earned her the epithet ‘Mother of the Yemeni Revolution’. Also Read – This is why Denmark, Sweden and Germany are considering a meat tax Advertise With Us When she urged protesters to march to the Presidential Palace in May 2011 in a peaceful and nonviolent protest, Saleh’s military killed 13 protesters. Karman was arrested but escaped the jaws of death after an outpouring of support through letters and protests prompted her release. The incident catapulted her onto international limelight and there was no stopping her after that. “The Yemen that I was dreaming for while growing up is the same Yemen my father told me about – a happy one. It was people’s dream too which is why they flooded the streets in protest. It is a dream I still have,” said Karman, who co-founded Women Journalists without Chains in 2005 to promote human rights, particularly freedom of opinion and expression, and democratic rights. Advertise With Us Karman believes that Yemen will transform its image of a suffering country as Arab Spring was still alive. “Do you think people calling for change went to the streets for fun? It was the last option for people who had been suffering for decades under the dictatorship of Saleh. “Their voice had been suppressed. And the call for freedom spread to other countries like Egypt, Tunisia and Libya and now Algeria and Sudan,” she said. “Those in the west who say that Arab Spring will die or fail, my question to them is: Do you think the democracies that you enjoy in your countries, be it Sweden, Germany or other European countries, and were achieved by being mere spectators? The Arab Spring hasn’t failed. This is just the beginning. We are still in the battle of freedom,” Karman said. She added, “we have removed a dictator and now we are facing a counter-revolution led by those countries whose interests have been harmed by this change. The counter-revolution is led by three countries which themselves are dictators, Saudi, Emirates and Iran.” “But people in Sudan and Algeria have told them to shut up. They went to the streets to send out a clear message that people will not stop until they achieve freedom and democracy. We are telling the governments in the West, we will win our battle now with your help or later without you.” Karman said that the Nobel Prize win has been a boost to the protestors. “Winning Nobel Prize was a big moment for me as a woman, for me as a leader, but also for our revolution since people were on the streets singing that ‘we have won the Nobel prize’,” said Karman.last_img read more

CM YS Jagan takes sensational decision on farmers

first_imgAmaravati: AP Chief Minister YS Jagan Mohan Reddy has once again taken the sensational decision to provide Rs 7 lakh compensation to the farmer families who have committed suicide, and apart from this, he said that his government is going to bring a special law that no one else could take their compensation. CM YS Jagan has conducted a video conference with district Collector’s and SP at Secretariat on Wednesday. Minister’s Kodali Nani, Perni Nani, CS LV Subramanyam, and other officials have attended the meeting. Also Read – Rs 65.30lakhs Exgratia paid to deceased family Advertise With Us The CM has issued orders to the officials over the compensation to the farmers who have committed suicide from 2014-2019. On the occasion, CM YS Jagan said that according to the District Crime Records Bureau (DCRB), a total of 1,513 farmers had committed suicide, but the records show only 391 people were compensated. By this, we can understand that the previous government refused to pay compensation to these farmer families. Also Read – Three of a family commits suicide at Amalapuram in East Godavari Advertise With Us CM clarified to do the data verification in the districts, if there are any eligible farmer families then immediately provide the benefit to them. YS Jagan suggested that this program should be done along with the MLA’s. Anywhere if any unexpected thing happens in the farmer’s family, then the district Collector should respond immediately. He said the Collector, along with local MLA, should visit the family. Advertise With Us He also said when there is a situation of farmers or tenant farmers committing suicide, the Collector should go to those families, and should not wait for the orders from the CMO. YS Jagan said that our’s is the people’s government, a humanitarian government and this is how our ruling will be. He said to show sympathy and humanity towards families of the dead one.last_img read more

Biomining technique to overcome space crunch for garbage dump

first_imgMahbubnagar: Mahbubnagar Municipal authorities, in a bid to overcome space crunch in the dumping yard due to ever-increasing garbage from household, have decided to adopt bio-mining process. As part of it, earlier the authorities visited the overloaded dumping yard located on the outskirts and studied various possibilities available to set up a bio-mining plant in the dumping yard. Also Read – Warrant issued against Renuka Chowdhury in cheating case Advertise With Us “We have been facing lot of problems due to overloaded dumping yard. Though we have proposed to construct a second dumping yard, we are facing problems with regard to getting land for the same. So, we have decided to go in for bio-mining. It involves clearing the already overloaded garbage and convert it into natural fertiliser and other segregated plastic, glass and metallic substances can be sold and thereby the municipality can also earn additional revenue from the bio-mining process,” said Surender, Mahbubnagar Municipal Commissioner. Also Read – Parts of Hyderabad witness heavy rainfall Advertise With Us The dumping yard is emanating foul smell which is unbearable and the residents surrounding the dumping yards are complaining that it is causing health hazard. According to the Municipal authorities, if the bio-mining plant is established, Mahbubnagar district will be the first district in the entire Telangana State to have such an innovative method to clear the overloaded dumping yards and create space for garbage in the yards. Advertise With Us To study the possibilities of establishing the bio-mining plant, the authorities roped in Matrik, owner of Maathra Industries from Gujarat and inspected the dumping yard in the presence of Basheer, consultant for Solid Waste Management from Telangana State Municipal Department. The visiting team was also accompanied by Satyanarayanpa, Executive Engineer from Mahbubnagar Municipality along with the Commissioner. It is said that the bio-mining plant will segregate the waste into three parts like plastics, glass and biodegradable waste; the plastics and glass will be broken into smaller pieces and later will be sold. The biodegradable waste will be decomposed to convert it into natural manure which can be marketed to the farmers and can earn income from the same. According Basheer, at present there is no bio-mining plant in Telangana State. Andhra Pradesh has three such plants which are functioning successfully in Guntur, Tirupathi and Vijayawada. “If the pilot project in Mahbubnagar becomes a success, the district will be the first one in the entire Telangana to have such an advance technology to process the garbage and it will pave way for others to follow it,” said Basheer.last_img read more

Officials asked to expand green cover

first_imgVikarabad: Priyanka Verghese, OSD (Officer on Special Duty) of Chief Minister’s Office, directed the officials of all departments to plant more saplings than given target. She conducted a review meeting on Haritha Haram, here at conference hall in the collectorate on Tuesday.Speaking on the occasion, she asked the officials to plant saplings on either side of the roads in Vikarabad. She suggested them to plant one tree for each three metres in 50 km of town limits and provides tree guards to protect them. She told them to send a team of officials to observe avenue plantation in Gajwel and Siddipet. Even in rural areas also planting should be done along 720 km stretch in two sides of the road, she said. Also Read – Warrant issued against Renuka Chowdhury in cheating case Advertise With Us Speaking about the Tandur town, she told the officials to remove the stones spilled on the roads and plant the saplings. As the saplings of palm tree are very small in the nurseries, she suggested the excise department to choose alternative arrangements. She wished that return to see the green Vikarabad. District Collector Ayesha Masrat Khanam, Joint Collector Arunakumari, DRDO Johnson, DFO Venumadhav, Excise officer Varaprasad, Tandur RDO Venumahdava Rao, municipal commissioners of Vikarabad and Parigi Bhogeshwarlu, Teji Reddy were present.last_img read more

Mayor Bonthu Rammohan inspects nala expansion works

first_imgKondapur: Mayor Bonthu Rammohan, along with GHMC Serilingampally circle Deputy Commissioner Venkanna, MLA Arekapudi Gandhi and local Corporator Hamid Patel, inspected the nala expansion works in Cyber Hills (gas godown) in various areas here.The MLA told the authorities concerned to speed up the completion of works keeping in view the rainy season so as to avoid any hardship to the residents. He pointed out that early completion of the work would provide a permanent solution to a problem which had been pending for many years. Also Read – Hyderabad: Wall collapse in Kukatpally damages four cars Advertise With Us GHMC officials, including Divisional Engineer Ramesh, Assistant Engineer Srinivas and Project AE Parmesh assured the Mayor that the work was being taken up on war-footing, while giving suggestions to the contractor. Among those who accompanied Rammohan included TRS leaders Uppalapati Srikanth Reddy, colony residents Bhaskar Reddy, Venugopal Rao, Venkati, Sampoorna Reddy and Shiva Shankar.last_img read more

Supreme Court rejects Tarun Tejpals plea

first_imgNew Delhi, Aug 19 (IANS) The Supreme Court on Monday rejected journalist Tarun Tejpal’s plea seeking to set aside the charges of sexual assault framed against him by a trial court. The top court also ordered to conclude trial in the case within six months. Tejpal had moved the top court challenging the trial court order which had framed the charges dealing with rape and wrongful confinement against him. He has pleaded not guilty and claimed innocence. A former junior woman colleague had accused Tejpal of rape during the ThinkFest, a conference organised by the Tehelka founder in Goa in 2013.last_img read more

Beauty like Deepika Padukone or Katrina Kaif only criteria to get big

first_imgFatima Sana Shaikh talks about her struggling days.InstagramDeepika Padukone and Katrina Kaif are undoubtedly two of the prettiest Bollywood faces, but is beauty the only factor that decides an aspiring actress’ future in the industry? Well, Fatima Sana Shaikh was almost made to believe this, before she bagged Dangal.Fatima shared her experience of how people used to discourage her during her struggling days. Fatima, who had made her debut as a child artist in Chachi 420 (1997), revealed that she had to struggle a lot of to make a comeback in the industry as an adult actress.She said that she was often discouraged for her looks, and was told that she would not get big roles as she did not have the “looks of a heroine” like Deepika or Katrina.”I have been a child actor. I quit but making a comeback after that was difficult. I was not getting any work. People used to tell me I don’t look like Deepika Padukone or Katrina Kaif. They said, since I didn’t have the looks of a heroine, I should do whatever I’m offered. There have been many incidents where I was told that I was not good enough,” the actress told PTI.Fatima further said that it is only after Dangal that her fortune changed, and she got the privilege to choose a script. Aamir Khan and Fatima Sana ShaikhTwitter”Before ‘Dangal’, I never had the chance to choose my projects. I even did ‘Dangal’ because that was my only option at that time. Every actor goes through this. That’s how things function. But I am happy that post the film and especially after ‘Thugs of Hindostan’, I have the space to choose,” she said.Fatima was highly praised for her performance in Dangal, following which she had bagged Aamir’s next big film Thugs of Hindostan. However, the second film could not impress the audience, and ended up being a flop.last_img read more

Dragons Den Sarah Willingham on Britains great entrepreneurial appetite

first_img Sarah Willingham, the British entrepreneur and star of TV show Dragons Den, has championed small and medium-sized businesses at the 2015 Small Business Awards, saying they are the backbone of our economy.Willingham, who featured on the judging panel at the 2015 awards, sponsored by Nectar Business, said she was impressed by the candidates nominated. She said: Britain has a great entrepreneurial appetite and SMEs are the backbone of our economy.I really was wowed by this years Nectar Business Small Business Award winners. All six winners reiterate that with hard work and a clear vision, anythings possible. I hope that their achievements will motivate others to activate their own business ideas.Ventia Ltd, a company that offers boutique offices in the heart of London, beat hundreds of UK SMEs to take the small business of the year crown. Ventia is a really deserving winner of Nectar Business small business of the year prize. Their success from design led conversions of period buildings into unique office spaces is inspired, Willingham said.Steve Baker, founder of Ventia Ltd, said: Its brilliant to have recognition in our sector and this win is an endorsement of the strength of our business, something our clients and customers will be pleased to hear.Other winners on the night included Merci Maman winning entrepreneur of the year for her online bespoke jewellery boutique, C and J Heating and Plumbing Ltd winning tradesperson for the year, and Netduma Ltd, which picked up the innovation of the year award for providing next-generation router software. Closelast_img read more

Chinas yuan moves closer to joining IMF currency basket

first_imgChina’s yuan moved closer to joining other top global currencies in the International Monetary Fund’s benchmark foreign exchange basket on Friday after Fund staff and IMF chief Christine Lagarde gave the move the thumbs up.The recommendation paves the way for the Fund’s executive board, which has the final say, to place the yuan on a par with the U.S. dollar, Japanese yen, British pound and euro at a meeting scheduled for 30 November.Joining the Special Drawing Rights basket would be a victory for Beijing, which has campaigned hard for the move and could increase demand for the yuan among reserve managers as well as marking a symbolic coming of age for the world’s second-largest economy.Staff had found the yuan, also known as the renminbi, met the criteria of being “freely usable” or widely used for international transactions and widely traded in major foreign exchange markets, Lagarde said.”I support the staff’s findings,” she said in a statement immediately welcomed by China’s central bank, which said it hoped the international community would also back the yuan’s inclusion.Staff also gave the green light to Beijing’s efforts to address operational issues identified in a report in July, Lagarde said.The executive board, which represents the Fund’s 188 members, is seen as unlikely to go against a staff recommendation and countries, including France and Britain have already pledged their support for the change. This would take effect in October 2016, during China’s leadership of the Group of 20 bloc of advanced and emerging economies.China has rolled out a flurry of reforms recently to liberalise its markets and also help the yuan meet the IMF’s checklist, including scrapping a ceiling on deposit rates, issuing three-month Treasury bills weekly and improving the transparency of Chinese data.Economists said with the yuan’s inclusion in the IMF basket as a reserve currency now looking like a formality, China should step up efforts to build trust between global investors and its policy makers.China’s heavy-handed intervention to stem a stock market rout over the summer, and an unexpected devaluation of the yuan in August, had raised some doubts about Beijing’s commitment to reforms.Singapore-based Commerzbank economist Zhou Hao said China needs to further accelerate domestic reforms and improve policy transparency.”The PBOC should reduce the frequency of market intervention, allowing market forces to really play a critical role.”The United States, the Fund’s biggest shareholder, has said it would back the yuan’s inclusion if it met the IMF’s criteria, a US Treasury spokesperson said, adding: “We will review the IMF’s paper in that light.” If the yuan’s addition wins 70% or more of IMF board votes, it will be the first time the number of currencies in the SDR basket — which determines the composition of loans made to countries such as Greece — has been expanded.”I would say that the likelihood of China’s yuan joining the IMF currency basket this year is very high,” said Hong Kong-based Shen Jianguang, chief economist at Mizuho Securities Asia.”The only thing that could deter this is if the US led a group rejecting the yuan’s inclusion, which could complicate things. But the United States’ current official stance doesn’t reflect such an attitude,” he said.Currency analysts say making the yuan the fifth currency in the basket could eventually lead to global demand for the currency worth more than $500 billion.The People’s Bank of China said the statement was an acknowledgment of the progress China had made in reforms and opening up its economy.”The inclusion of the RMB in the SDR basket would increase the representativeness and attractiveness of the SDR, and help improve the current international monetary system, which would benefit both China and the rest of the world,” the PBOC said in a statement.China would respect the board’s decision and continue to deepen economic reforms, the PBOC said.last_img read more

This is how Katrina Kaifs mom brought her back from brink after

first_imgKatrina Kaif talks about her breakup with Ranbir Kapoor.Katrina Kaif FacebookKatrina Kaif, who has lately been quite comfortable speaking about her breakup with Ranbir Kapoor, has again opened up about how she dealt with the heartbreak.The Bharat actress said that though she was broken by the incident, her mother had told her something that helped her in rebuilding herself.”I had to break before I could proceed to rebuild myself. I had to unravel and feel everything that had happened. I had to take full responsibility for my part in the equation, what I could and should have done better. And accept that the parts that I was not responsible for were not my problem. One thought that helped me when I was at my lowest was something my mom told me, ‘So many girls and women go through the same thing, you feel you are alone but you are not’. That thought was very comforting,” Katrina told Mumbai Mirror.Katrina further said that the unpleasant ending of the relationship with Ranbir did not change her as a person. She asserted that she is not going to change herself for anyone.”I have always been emotional. I am a Cancerian and a sensitive soul. I am not going to lose that or change that for anyone. But what I have learnt is that as a woman, you must protect and maintain your identity. Your sense of self-worth comes from within and not from another person. You come into this world alone, and you leave alone. That’s something you should not lose sight of. I am not saying be guarded in love. No, love with all your heart. Being in a relationship is beautiful and I have a lot to give to a person. But I know now that nobody else gives you your identity,” the gorgeous diva added.Ranbir and Katrina dated each other for quite some time, and it was believed that the two were soon supposed to tie the knot. However, things did not turn up as planned, and the couple had called it quits. Ranbir is now dating Alia Bhatt, while Katrina is happily single.last_img read more

Most Instagrammed airports in the world Check out the 8 most popular

first_imgAirports are said to be one of the busiest places in the world and now they are also the most Instagrammed places in the world. There are a total of eight international airports in the world that have topped the social media platform and photo sharing website Instagram.Over the years, airports have evolved in terms of design, infrastructure services and thus they are most photographed. Wego.com, a leading travel search site in the Asia Pacific and the Middle East region, has compiled the most tagged airports by travellers on Instagram.Here is a look at the top eight most Instagrammed airports in the world:Bangkok’s Suvarnabhumi Airport is another most popular airport on Instagram. It was named as the most Instagrammed location in the world in 2012 and it has topped the list again in 2016.”It’s most photographed area is the vaulted concourse, along with the intricately designed Buddhist Pagoda. The airport’s designers have successfully incorporated local Thai culture into the overall experience which travellers are clearly impressed with,” Wicks observes. Los Angeles International Airport, which previously appeared in the top 10 most Instagrammed locations in the world, is the second most Instagrammed airport.”The iconic LAX sign is a popular feature on Instagram, and it’s probable that the concentration of celebrities that pass through this airport contribute to the quantity of tags. Outside of an awards show, it’s possibly one of the most opportune locations for star spotting,” Wicks said. Singapore’s Changi Airport is one of the most popular among Instagram users due to its innovative installations, rooftop sunflowers and decorations. “Possibly one of its most photographed features is the unique Kinetic Rain installation,” explained Dean Wicks, chief flights officer of Wego. John F Kennedy Airport in New York is among the most Instagrammed airports and the reason is the canine restroom, complete with a mini fire hydrant. “New Yorkers love to Instagram, and the Big Apple’s very own Shake Shack which has a particularly stylish airport outlet also features largely, as well as the New York subway connection,” Wicks talked about the airport. Tokyo’s Haneda Airport is known for its Market Place, curvy designs and striking architecture. The designs and architecture has made the airport one of the most Instagrammed airports in the world. “The traditional Japanese-styled Edo-Koji shopping area in the International terminal and Japanese culinary delights in the departure lounge are also popular tags,” Wicks said.center_img London’s Heathrow Airport, which is one of the busiest airports in the world, also enjoys frequent tagging on Instagram. “There’s a trend for food images, particularly a good British breakfast, along with departure lounge drink and passport shots. Lines of airline livery photographs reflect the airport’s position as a global hub,” Wicks said. Hamad International Airport in Doha, Qatar, is one of the most popular airports in the world as it connects Europe, the Middle East to Asia and the rest of the world. “Love it or loathe it, Urs Fischer’s ‘Giant Teddy Bear’ dominates as a point of interest in the departure terminal, as does the giant moving walkway for transfer passengers between concourses A and E,” Wicks added. Sydney International Airport also enjoys the most number of tagging on Instagram. “Some of Sydney’s stunning skyline, warm sunrises, the ‘G’day, Welcome Home’ sign upon arrival, and a few of the spectacularly designed Qantas First Class Lounge are a feature,” Wicks said.last_img read more

United Spirits Q1 profit grows 436 despite alcohol ban

first_img Close United Spirits (USL) on Sunday announced that the company’s profit for the first quarter ended June 30 rose 43.6 percent even as revenues fell 0.5 percent, aiding Supreme Court’s decision to ban alcohol sales near highways.USL’s profit rose to Rs 62.9 crore for the quarter ended June from Rs 43.8 crore for the same quarter a year ago. On the flip side, the company’s revenue fell to Rs 5,847.7 crore from Rs 5,877.2 crore, corresponding quarter last year, the firm said in a filing to BSE on Sunday evening.”Performance in the first quarter, as expected, was impacted by the highway ban which has led to lower consumption due to a reduction in the number of retail outlets. We have also seen destocking by customers during the first quarter,” chief executive officer Anand Kripalu said in a statement.Net sales from USL’s popular segment, which includes brands such as Bagpiper, Director’s Special and Haywards whiskies, declined 20 percent due to its decision to take the franchisee route for this segment in a few states, the company said in its statement.Sales of higher end brands in the prestige and higher segments also declined in the latest quarter as the industry was hit by the apex court’s decision to ban alcohol near state and national highways. Sales from this segment fell 8 percent during the period, the statement further said.EBITDA stood at Rs 157 crore, declining 26 percent for the quarter ended June. EBITDA margins were at 8.8 percent, downs 162 basis points, primarily driven by a decline in net sales.”Looking forward, we expect the impact of the highway ban to continue into the second and third quarter in fiscal 2018, however, to a lesser extent. Following the recent Supreme Court ruling allowing states to denotify particular stretches of highways within city limits, we are starting to see early signs of outlets opening again, which is encouraging,” Kripalu added. Five fun facts to celebrate National Beer Daycenter_img IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:01/0:53Loaded: 0%0:01Progress: 0%Stream TypeLIVE-0:52?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading …last_img read more