DryShips Winds Down 2016 with Cut Loss

first_imgzoom Greece-based ship owner DryShips reported a full-year net loss of USD 198.6 million for 2016, considerably lower from a net loss of USD 2.8 billion seen in 2015. For the fourth quarter of 2016, the firm posted a net loss of USD 77.5 million, against USD 527.6 million loss recorded in the same period of 2015.The loss includes equity in losses of Ocean Rig, according to the firm’s data.Revenue for the full-year period was USD 51.9 million, compared to USD 969.8 million posted in 2015. Additionally, revenue for the last quarter of 2016 amounted to USD 12.8 million, against USD 23.7 million.As disclosed, no revenues from drilling contracts and lower voyage revenues led to the reduced total revenue.Voyage time charter equivalent (TCE) was much lower in 2016 and stood at USD 3.658, compared to USD 9,171 in 2015.Due to the prolonged market downturn in the drybulk segment and the continued depressed outlook on freight rates, DryShips started discussions last year with its lenders regarding the firm’s debt facilities.In December 2016, DryShips’ chairman and CEO George Economou took over the majority of the firm’s debt. A company controlled by Economou has become the lender of record under DryShips’ USD 85.1 million syndicated loan previously arranged by Germany’s HSH Nordbank.Last month, DryShips completed the USD 200 million common stock offering, raising USD 198 million that will be used to renew the company’s fleet and pursue investments in different shipping segments.“We are pleased to have put 2016 behind us. Having now restored our balance sheet and successfully raised over USD 300 million in new equity in the last 12 months, DryShips is in a unique position to opportunistically acquire vessels at prices close to historic lows,” George Economou, Chairman and Chief Executive Officer of the Company, commented.DryShips owns a fleet of 13 Panamax drybulk carriers with a combined deadweight tonnage of approximately 1 million tons, 1 very large gas carrier (VLGC) newbuilding and 6 offshore supply vessels.last_img read more

Navios Holdings Sees Red Ink

first_imgzoom Greek shipping firm Navios Maritime Holdings widened its net loss in the first quarter of 2017, reaching USD 48.7 million, compared to a net loss of USD 7.5 million posted in the same period a year earlier.In the three month period ended March 31, 2017, the company’s revenue dropped to USD 95.3 million from USD 101.5 million seen in 1Q 2016.Furthermore, adjusted EBITDA for the quarter decreased to USD 17.5 million from USD 30.6 million recorded in the same period last year.“I am pleased with our results for the first quarter, in which we recorded revenue of USD 95.3 million, EBITDA of USD 17.5 million and net cash from operating activities of USD 28.6 million. We also ended the quarter with USD 138.2 million in cash, while having no committed growth CAPEX or any significant debt maturities until 2019. In a recovering market, we are positioned to enjoy substantial free cash flow from an increase in charter rates,” Angeliki Frangou, Chairman and Chief Executive Officer, commented.During the quarter, Navios Maritime Partners agreed to acquire the entire container fleet consisting of fourteen ships from Rickmers Maritime Trust. As informed, the acquisition of the first five 4,250 TEU boxships is expected this month.Additionally, the company formed Navios Containers, a Marshall Islands firm, which intends to sell around USD 15 million of its shares for aggregate gross proceeds of about USD 75 million.In late April, Navios Holdings reached a deal with FSL Trust Management, the trustee-manager of First Ship Lease Trust, to acquire a major share in the company. Definitive agreements are expected to be reached by September 30, 2017, according to the company.“The strength of Navios Holdings’ sponsorship allowed Navios Partners to grow significantly by raising USD 100 million in the first quarter and entering into an agreement to acquire the RMT fleet. In addition, it allowed Navios Containers to raise USD 75 million of gross equity proceeds in its initial capitalization. Navios Holdings also agreed to acquire control of the FSL Trust which owns 22 vessels,” Frangou added.In 1Q 2017, Navios Holdings agreed to sell two Handymax vessels, Navios Ionian and Navios Horizon for USD 11.8 million. The company said the vessels are collateral to its 7.375% First Priority Ship Mortgage Notes due in 2022.What is more, the company refinanced one of its existing debt facilities securing a 2010-built Capesize vessel with a USD 15.3 million new bank loan.In May, Navios Logistics acquired two product tankers, Ferni H and San San H for USD 11.2 million which Navios previously operated under capital lease with an obligation to purchase in 2020. The remaining capital lease obligation was terminated after the acquisition of the vessels. The acquisition of the two product tankers was financed with a USD 14 million five-year term loan.Currently, Navios Holdings controls a fleet of 66 operating vessels of which 40 are owned and 26 chartered-in. The company’s fleet has a total tonnage of 6.7 million dwt.last_img read more

Mother charged with manslaughter in death of fouryearold son in Hamilton

first_imgHamilton police have charged a 39-year-old woman with manslaughter in the death of her four-year-old son.Police say the boy’s death in September 2017 initially did not seem suspicious as he had been born with a number of medical issues and undergone several surgeries.But three months later, police say toxicology results indicated the child had died as a result of a lethal dose of unspecified drugs.Police say in February 2018 they notified the boy’s parents that they were suspects in their son’s death, at which point they stopped co-operating with the investigation.As the probe continued, police say they learned that the boy’s mother had moved to Newfoundland and given birth to another child, who is now in protective custody.Police say they arrested the mother in Newfoundland earlier this week and brought her back to Ontario to face the manslaughter charge. The Canadian Presslast_img read more

With Rs 85000 crore divestment Govt beats target by Rs 5000 cr

first_imgNew Delhi: The Government Friday said it has exceeded its disinvestment target for the current fiscal by Rs 5,000 crore and the proceeds have touched Rs 85,000 crore. “As against a target of Rs 80,000 crore for disinvestment for the current year, the divestment receipts have touched Rs 85,000 crores today,” Finance Minister Arun Jaitley tweeted. The government has mopped up Rs 9,500 crore from the fifth tranche of CPSE ETF and Rs 14,500 crore from the REC-PFC deal. For next fiscal the disinvestment target has been fixed at Rs 90,000 crore. CPSE ETF 5th tranche: Govt gets bids worth Rs 9,500 crore Also Read – Thermal coal import may surpass 200 MT this fiscalMeanwhile, the government has received bids worth Rs 9,500 crore so far from the fifth tranche of CPSE Exchange Traded Fund (ETF), an official said Friday. Anchor investors had put in bids worth Rs 6,072 crore on the first day of the issue on March 19. The issue closed Friday. The remaining amount of subscription worth about Rs 3,500 crore came in from institutional and retail investors. “The subscription for CPSE ETF has touched Rs 9,500 crore so far. We will exercise green-shoe option and retain over-subscription,” an official said. Final subscription data would come by the end of the day. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostThe government had set Rs 3,500 crore as the base issue size for the three-day issuance of the fifth tranche of CPSE ETF. As much as 30 per cent of the issue size is reserved for anchor investors. The list of anchor investors include BNP Paribas Arbitrage, Citi Group Global Markets Mauritius Pvt Ltd, Credit Suisse Singapore Ltd, Edelweiss Alpha Fund, ICICI Prudential Balanced Advantage Fund, Merrill Lynch Markets Singapore Pte Ltd, and Morgan Stanley (France) S.A., among others. The ETF tracks shares of 11 CPSEs — ONGC, NTPC, Coal India, IOC, Rural Electrification Corp, Power Finance Corp, Bharat Electronics, Oil India, NBCC India, NLC India and SJVN. Through the earlier four tranches of the CPSE ETF, the government has already raised Rs 28,500 crore — Rs 3,000 crore from the first tranche in March 2014, Rs 6,000 crore in January 2017, Rs 2,500 crore from the third in March 2017 and Rs 17,000 crore in November 2018. State-owned Canara Bank Friday said it has launched a bond issuance programme through its London branch to raise up to USD 400 million (about Rs 2,750 crore).last_img read more

Leila Alaoui to Be Honored at Second Biennial of Contemporary Arab

Rabat – After a successful first edition in 2015, the Biennial of Photography in the Contemporary Arab World is coming back September 13 to Nevember12, paying a special tribute to the late French-Moroccan photographer Leila Alaoui.Alaoui was a victim of the terror attack that struck the heart of Burkina Faso’s capital, Ouagadougou, in January 2016.The 33-year-old photographer, who was severely wounded and passed away because of her injuries, had previously exhibited her portraits of Moroccans in the first biennial the year before. The organizers of the 2017 biennial have decided to focus on two countries, Tunisia and Algeria, emphasizing the artistic diversity of Maghreb region and the importance of cultural diversity through the perceptions of art.Many exhibitions on various themes and in different styles will be displayed by photographers from the Arab world, such as Hicham Benohoud (Morocco), Farida Hamak (Algeria), the dual Mustapha Azeroua(Morocco) and Sara Naim (Syria), as well as foreign photographers who have witnessed and reported on Arab countries like Russian-Swedish photographer Xenia Nikolskaya and the French photojournalist Michel Slomka.This edition will be held simultaneously in eight Paris locations: the Institut du Monde Arabe (IMA), the Maison Européenne de la Photographie, (MEP), the Cité Internationale des arts, the 4th arrondissement town hall, the Galerie Thierry Marlat, the Galerie Photo12, the Galerie Clémentine de la Féronnière, and the Galerie Binome. read more

Energy materials and financials help boost TSX US stock markets mixed

Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD=X) The Canadian Press TORONTO — The energy, financials and materials sectors helped boost Canada’s main stock index in late-morning trading.The S&P/TSX composite index was up 66.95 points at 15,445.57.In New York, the Dow Jones industrial average was up 28.50 points at 24,556.72. The S&P 500 index was down 7.47 points at 2,636.38, while the Nasdaq composite was down 56.60 points at 7,029.09.The Canadian dollar traded 75.38 US compared with an average of 75.39 cents US on Monday.The March crude contract up US$1.36 at US$53.35 per barrel and the March natural gas contract was down 3.2 cents at US$2.84 per mmBTU.The February gold contract was up US$6.50 at US$1,309.60 an ounce and the March copper contract was up 2.95 cents at US$2.71 a pound. read more

Libya UN sends more aid as Security Council debates crimes against humanity

4 May 2011The International Criminal Court (ICC) Prosecutor will ask the court’s judges to issue arrest warrants for three people who he said seem to bear the greatest responsibility for crimes against humanity committed in Libya since a pro-democracy movement emerged in mid-February. The International Criminal Court (ICC) Prosecutor will ask the court’s judges to issue arrest warrants for three people who he said seem to bear the greatest responsibility for crimes against humanity committed in Libya since a pro-democracy movement emerged in mid-February.As United Nations humanitarian agencies continued today to deliver aid to civilians caught up in the ongoing conflict in the North African country, Luis Moreno-Ocampo told the Security Council in a statement that “in the coming weeks” he will apply to the ICC’s pre-trial chamber for the arrest warrants.Mr. Moreno-Ocampo said the evidence collected so far by investigators working for his office “has confirmed the fears and concerns” in the Council resolution adopted on 26 February that referred the situation in Libya to the ICC.“The evidence collected establishes reasonable grounds to believe that widespread and systematic attacks against the civilian population have been and continue to be committed in Libya, including murder and persecution as crimes against humanity,” he said.Evidence indicates that security forces have shot at peaceful protesters in multiple locations and that the Government hired mercenaries and brought them into the country, the statement noted. Torture, killings and enforced disappearances have also been reported.“The efforts to cover up the crimes have made it difficult to ascertain the precise number of victims but there is credible information that estimates that, just as the result of such shootings, 500 to 700 persons died in February alone.“It is difficult to estimate the numbers because dead bodies were removed from streets and hospitals. Doctors were not allowed to document the number of dead and injured admitted to hospitals after the violent clashes began.“Security forces were allegedly stationed in the hospitals and arrested injured individuals who sought medical treatment. Being injured became evidence of opposing the regime, and challenging the authority of the regime is a crime under Libyan law. To avoid punishment and risk of death, some protesters sought medical attention in private homes and did not bring injured or dead persons to the hospitals.”Noting that armed conflict has been taking place since the end of February, the Prosecutor added that “there is also relevant information on the alleged commission of war crimes,” including the use of imprecise weaponry such as cluster weapons, multiple rocket launchers and mortars in crowded urban areas, particularly the city of Misrata.“There are also reports of forces blocking humanitarian supplies. Some sources have also reported the use of civilians as human shields and the torture of prisoners of war or civilians in the context of the armed conflict.”UN agencies and other humanitarian organizations are continuing to deliver assistance to those in need, despite the ongoing insecurity caused by the conflict.About 1,000 migrants are expected to be evacuated today by ship from Misrata, where fighting has been especially heavy, according to the UN Office for the Coordination of Humanitarian Affairs (OCHA).About 180 tons of food, water and infant supplies will also be delivered today, bringing the total of supplies of humanitarian aid to more than 3,000 tons.OCHA remains extremely concerned about the situation in Misrata, where fighting has raged for more than six weeks. Access to food, water and other supplies is limited in some parts of the city, and many medical facilities are short of trained personnel. read more

Saskatoon agent selling 23800acre farm in Manitoba

Courtesy Darren Sander / Saskatoon The listing came to life last fall, when Sander was working on selling one farmer’s 14,000-acre plot.He learned two others were also selling their land and that they were willing to pool their land into a joint listing, which went on the market this spring.Large sales like this have become more common in recent years as farms continue to consolidate into the hands of fewer owners.Sander said it’s indicative of a larger trend of older farmers retiring or selling their land while younger ones are looking for a chance to expand. The listing includes nearly 24,000 acres of Manitoba farmland. In relative terms, that’s 2,000 times the size of Saskatchewan’s Mosaic Stadium. // Saskatoon StarPhoenix Courtesy Darren Sander / Saskatoon Courtesy Darren Sander / Saskatoon A Saskatoon real estate agent is selling what he believes is the largest chunk of Canada on the market.RE/MAX agent Darren Sander is selling 23,800 acres of farmland near The Pas, Manitoba at a starting price of $53.3 million.For context, that’s almost 2,000 times the area of Saskatchewan’s Mosaic Stadium, more than 23 times the size of Vancouver’s Stanley Park or 275 times the retail floor space of the West Edmonton Mall.“I’ve sold a lot of big pieces of land,” Sander said. “But this is a personal record for me.” He describes the land as “tabletop flat” with good-quality soil and drainage. He estimates each acre will yield roughly 50 to 60 bushels of wheat.At $1,640 per acre, the land is cheap relative to most sales in Saskatchewan, where farmland typically fetches at least $2,000 per acre. Sander acknowledges it’s a big sale but says he hopes to confirm a buyer soon.“It’s a really unique opportunity for people looking to expand,” he said.Related The listing includes nearly 24,000 acres of Manitoba farmland. In relative terms, that’s 2,000 times the size of Saskatchewan’s Mosaic Stadium. // Saskatoon StarPhoenix A 2016 Statistics Canada report said the overall number of farmers in the country has declined since 2011, while the average farm operator age has increased to 55 years. Only one in 12 of those farmers reported having a formal succession plan.At the same time, the share of younger farm operators — aged 35 or younger — grew for the first time since 1991.“The young guys are having a chance to get in while the old guys are getting older,” Sander said.He’s received a few offers already for the massive property, which has attracted interest from eastern Canada and other countries, he said. The listing includes nearly 24,000 acres of Manitoba farmland. In relative terms, that’s 2,000 times the size of Saskatchewan’s Mosaic Stadium. // Saskatoon StarPhoenix Sask. ergonomics researchers study exoskeletons for farmers Unfinished mansion in rural Saskatchewan goes to auction Flat Out Food: Tibetan yaks thriving on Saskatchewan farm Sask. farmland prices still a relative bargain zvescera@postmedia.comtwitter.com/zakvescera read more

With six people dying every minute UN health agency declares war on

With six people dying every minute from diabetes-related illnesses, the United Nations health agency today launched a major preventive campaign for low- and middle-income countries and communities based on simple lifestyle adjustments such as a healthy diet and physical activity, often combined with medication. “Diabetes is a major threat to global public health that is rapidly getting worse and the biggest impact is on adults of working age in developing countries,” World Health Organization (WHO) Assistant-Director General for Non-communicable Diseases and Mental Health Catherine Le Galès-Camus said. “In most developing countries at least one in 10 deaths in adults aged 35 to 64 is attributable to diabetes, and in some the figure is as high as one in five,” she added at the launching of “Diabetes Action Now,” a joint programme of WHO and the International Diabetes Federation (IDF), a Brussels-based non-governmental organization. Diabetes, a chronic disease caused by inherited and/or acquired deficiency in production of insulin, has become one of the major causes of premature illness and death in most countries, mainly through the increased risk of cardiovascular disease (CVD). Some 3.2 million deaths can be attributed to it each year according to new WHO/IDF figures – three times higher than previous calculations. “Diabetes can be effectively managed and the risk of developing complications reduced substantially,” IDF President Pierre Lefèbvre said. “Simple lifestyle adjustments such as a healthy diet and physical activity, often combined with medication, have been shown to be effective in promoting a full and healthy life with diabetes. “In many cases, type 2 diabetes – accounting for over 90 per cent of all cases of diabetes – can be prevented through lifestyle interventions alone,” he added. Diabetes is dramatically rising all over the world. In 2000, there were 171 million affected people worldwide, and by 2030 this figure is expected to more than double to 366 million. Most of the increase will occur as a result of a 150 per cent rise in developing countries. For example, in India there were approximately 32 million people with diabetes in 2000, but by 2030 this number is expected to increase to almost 80 million. Listen to UN Radio report read more

UN set to observe day celebrating worlds indigenous peoples

As the United Nations today marked the International Day of the World’s Indigenous People, Secretary-General Kofi Annan said the annual commemoration should serve as an opportunity to reflect on the critical challenges confronting these populations.“Much remains to be done to alleviate the poverty faced by indigenous people; to protect them against massive violations of human rights; and to safeguard against the discrimination that, for example, forces many indigenous girls to drop out of school,” said Mr. Annan in a message.There are estimated to be more than 370 million indigenous peoples in 70 countries. Many of them struggle with a lack of basic healthcare, limited access to education, loss of control over land, and economic and social marginalization. Among the observances planned to mark the Day was including a daylong programme of panel discussions, art exhibits, cultural performances and a film screening at UN Headquarters. Speakers will include Q’orianka Kilcher, lead actress in the 2005 Hollywood film “The New World.” The young actress is a descendant of the Huachipaeri and Quechua people of Peru and will speak about her recent trip to the country. Discussions this year will draw upon the theme of “Partnership for Action and Dignity, ” the central focus of the Second International Decade of the World’s Indigenous People, which runs from 2005 to 2015. The observance comes two months after the UN Declaration on the Rights of Indigenous Peoples was adopted by the new Human Rights Council at its inaugural session in Geneva. The General Assembly is expected to adopt the Declaration by the end of the year, and advocates believe it will serve as a crucial tool for protecting indigenous rights.The Secretary-General called the Declaration “an instrument of historic significance for the advancement of the rights and dignity of the world’s indigenous peoples.” He added that “the perspectives, concerns, experiences and world views of indigenous peoples have a crucial role to play in addressing global challenges.”“Indigenous people around the world continue to live in hardship and danger,” said Sergei Ordzhonikidze, the Director-General of the UN Office at Geneva at a ceremony last week. “Many outstanding issues remain between indigenous peoples’ interests and national or private development, between the livelihoods of the peoples concerned and public policies and projects.”Thoraya Ahmed Obaid, Executive Director of the UN Population Fund (UNFPA), said his agency was particularly concerned about the “thousands of indigenous women who are victims of gender-based violence in need of legal protection and health services, the high maternal mortality rates of indigenous women, and the lack of information on sexual and reproductive health and development opportunities for indigenous adolescents and youth.”The Office of the UN High Commissioner for Refugees (UNHCR) in Colombia renewed its call on armed groups there to avoid targeting the indigenous population. The agency has repeatedly warned that indigenous groups there are increasingly at risk of disappearing, as violence associated with four decades of civil conflict and the cocaine trade has forced thousands to flee their ancestral lands into neighbouring countries. “Indigenous culture is closely linked to the land and often based on belief that the spirits of ancestors and magical beings live in the earth and water of their reservations,” said UNHCR spokesperson Jennifer Pagonis at a press briefing in Geneva on Tuesday. “Forced displacement leads to the loss of tradition, culture and language – and often to the disintegration of the group’s identity.” read more

17 things we learned from the Paul Kimmage Rough Rider film

first_imgFinishing in Paris and getting another Tour medal would have been “the fairytale ending” to his career, though he was already at that stage “more successful as a writer than a bike rider”.10. He disapproves of certain sports journalists “running around in groups of four or five together” at sporting events“They like to hunt in packs. I prefer to be my own man — to work on my own, to form my own opinions, and to stand or fall by those opinions. Whereas some of the guys here need reassurance. They need someone to hold their hand.”11. He thinks David Millar’s love for cycling is “blind”And he resents the fact that Millar was castigating journalists for persistently asking about doping during the 2013 Tour de France.12. Chris Froome is “unlike any rider” Kimmage has ever seenKimmage explains that “he’s like one of those Stephen Lowry paintings — ‘matchstick men,’” before going on to suggest that he looks “unnaturally skinny”.13. The glorification of Tom Simpson’s death during the 1967 Tour de France makes him angry“There have been plenty of young kids who have died as a result of that same doping culture and they don’t have monuments on the side of mountains. Nobody remembers them. And it’s wrong.”14. He thought Stephen Roche’s questioning of the veracity of Rough Ride after its initial publication was an “insult to everybody’s intelligence”Roche had said in an interview at the time that he learned things he “never knew” from the book.15. Roche feels “you believe what you want”He complains that “even if the Good Lord” was standing over him saying he’s telling the truth, “nobody” would believe him.16. Kimmage thinks his relentless crusade against doping is “worth it” because of the number of cyclists that died due ostensibly to drugs, after Rough Ride was published 1. Kimmage can’t be dispassionate when he writes about cyclingHe suggests he can’t stop himself from feeling emotionally invested in the subject matter because of the way the doping culture affected him.2. His Tour de France medal is his “most prized possession”“I dreamt of actually winning it… But it’s enough that I did get there and that I did do it… 132nd doesn’t actually register for the public. But to me, it’s everything.” He also describes it as “the greatest moment of my life”.3. He thought he’d be largely praised when his controversial exposé on doping, Rough Ride, was published“I naively thought people would be saying ‘well done mate, you’ve done the sport a great service… But you’re [treated] like dog shite on someone’s shoes.”4. Kimmage idolised his father, who was an amateur racer“So much of my drive and my focus and my ambition to be a pro was wanting to please my father… Wanting to show Dad I can do this.”5. He was very close with Stephen RocheHe grew up with Stephen Roche and was extremely grateful for the fact that Roche came to Kimmage’s wedding at the height of his fame.6. Kimmage considers libels to be “the Oscars” of his trade“But when you get them it’s a pretty shocking and heart-stopping moment.”7. “Hell will freeze over” before he apologises to Pat McQuaid and Hein VerbruggenHe’s not sorry and he will not “kneel before them,” irrespective of the lawsuits that come his way. “I’d be betraying myself if I did that,” he adds.8. His enjoyment of the Tour de France depends on the quality of his work“If I don’t write something decent tonight, or next week, or the week after, then it will not be enjoyable for me at all.”9. He regrets not finishing the 1989 Tour de France “You tell me if it’s worth it, if it could have prevented those deaths.”17. He loves and hates cycling — “it’s a love affair that will always make me unhappy”People have “misunderstood” the stance he’s taken against doping and “misrepresented” it as a vendetta against cycling.What did you make of tonight’s documentary?Paul Kimmage: ‘The game is up for the kind of journalism that I practice’>‘I was taken by the fact that he’s such an outsider’ – Adrian McCarthy on his upcoming Paul Kimmage film>last_img read more

65KHz computer boots Ubuntu in 6 hours

first_imgEveryone always talks about making their computer faster and faster, but what about if you wanted to make it slower? It’s not as easy as you might think. Using the standard assortment of compatible components means that there is a point where your computer can’t really get any slower, because the old parts just won’t work with the software. For example, you can’t load Windows 8 CP on that 486 you keep in the deepest, darkest corner of the basement. While that might be true, there are ways to work around it if you are really intent on building yourself the worst computer ever.Super tinkerer Dmitry Grinberg was able to load Ubuntu — including X and GNOME — using an 8-bit microcontroller. If you’re not familiar with gear like Atmel’s ATmega1284p, it’s a 8-bit CMOS microcontroller that’s designed for very simple, Arduino-like tasks.It’s very good at what it does, but it’s not designed to run full visual operating systems, certainly not 32-bit ones. In fact, if you asked a geek if you could run Linux on a microcontroller, they would almost certainly put their face in their hands and tell you no. (And keep in mind, I don’t mean running the Arduino coding environment on Linux, that’s doable, I mean actually using the microcontroller to support a desktop Linux operating system which is many, many times above the minimum requirements.) The world’s of embedded computing and desktop computing, are just very different from one another.Regardless of the seemingly insurmountable challenges, Grinberg figured out a way to make it work. His system loads Ubuntu 9.04 (Jaunty Jackelope) in 6 hours. 6 hours. And that’s not including X (windows system). Reaching the Bash prompt alone takes two grueling hours.But how was he able to pull it off? Things get pretty complicated, but basically it was through the miracle of emulation. Grinberg emulated a ARMv5TE SoC (something you might find in one of Marvell’s SheevaPlug devices) but that was just the start. He had to do some custom wiring in order to put the whole rig together in order to make the emulation work. The end result is a system that runs at a blazing 6.5KHz.The project took Grinberg about 6 months to put together.dmitry.co, via hackadaylast_img read more

Man appears in court over gun incident in Ballymun

first_img Mar 16th 2019, 11:28 AM By Órla Ryan Saturday 16 Mar 2019, 11:28 AM Man appears in court over gun incident in Ballymun Gardaí and a bomb disposal team attended the scene on Monday. Image: Eamonn Farrell/RollingNews.ie A MAN IN his 30s has appeared in court over an incident in Dublin earlier this week.He was arrested on Monday after gardaí were called to the Poppintree area of Ballymun amid reports of a man with a gun.He appeared before the Criminal Courts of Justice this morning, charged in connection with this incident.At about 4.45pm on Monday, garda armed support units and local units were dispatched to the scene in Ballymun.The man was arrested shortly afterwards by unarmed gardaí and a firearm was recovered at a house on Cranogue Road.The area around the house was sealed off due to the discovery of a device in the house and the Defence Forces bomb disposal team attended the scene.The man was detained at Ballymun Garda Station under the provisions of Section 30 of the Offences against the State Act.Gardaí have appealed to any witnesses who may have been in or around the area at the time of the incident to contact Ballymun Garda Station on 01 666 4400, the Garda Confidential Telephone Line on 1800 666 111 or any garda station.Comments are closed due to ongoing legal proceedings. 12,726 Views Share1 Tweet Email center_img No Comments File photo Image: Eamonn Farrell/RollingNews.ie https://jrnl.ie/4546125 File photo Short URL Tweet thisShare on FacebookEmail this articlelast_img read more

Broadcasting Union concerned about NERIT

first_imgThe European Broadcasting Union (EBU), the professional association of national broadcasters, has written to the Greek government to ask for clarifications regarding a change in the way that the supervisory board of the new state radio and TV broadcaster, NERIT, is appointed, which may threaten the organisation’s independence.In its letter, which was leaked in Greece, the EBU reportedly said that it was “surprised and deeply disappointed” by the change in the way the board is formed. The association suggested that this method puts NERIT’s political independence at risk. EBU had strongly opposed the government’s decision to shut down NERIT’s predecessor ERT in June 2013, calling it “a damning first in the history of European broadcasting”. For several weeks, the union helped stream programs produced by sacked ERT employees. However, the EBU eventually supported the government’s efforts to set up a new service largely due to a commitment that NERIT would not suffer from political interference as ERT had at times.However, an amendment passed through parliament on August 5 allows parliament to elect the members of NERIT’s supervisory board via a simple majority after the candidates have been recommended by the government. According to the amendment, the board members would not be elected by the House’s plenary but at the conference of presidents, which consists of the speaker and deputy speakers, the presidents of standing committees, the heads of each parliamentary group and a representative of independent MPs.“The rules of appointment have been changed virtually overnight, without proper debate, and without considering best practice in Europe, which is a pity,” said the EBU’s director general Ingrid Deltenre. “The original appointment procedure in last year’s law was unique and looked overly complex and time- consuming. But unfortunately the new procedure lacks the legal safeguards to ensure the independence and pluralism of the supervisory council.”Reacting to the news of the EBU’s letter, SYRIZA’s MEP Dimitris Papadimoulis asked for the European Commission to comment on the matter, given that it had recommended that public broadcasters should be supervised by an independent body, with no connection to management. SYRIZA claimed the amendment means Greece is in breach of EU regulations.Democratic Left (DIMAR), which quit the coalition over ERT’s closure, suggested NERIT’s credibility was in question as a result of the change to how the members of the supervisory council are appointed.“You will find many different procedures in Europe and some of them might be even worse than the Greek model,” said Deltenre. “But even more important for us is that the independence of a public broadcaster is not only a matter of legal safeguards but a matter of responsible behaviour by all political actors, including the members of the supervisory council and each and every staff member of NERIT. We should hold them accountable to live up to their promises.”Source: ekathimerini Facebook Twitter: @NeosKosmos Instagramlast_img read more

Sunny Leone breaks down talking about trolls narrates incident of facing mob

first_imgSunny LeoneYouTube ScreenshotSunny Leone appeared on Arbaaz Khan’s chat show Quick Heal Pinch, where the diva broke down while talking about a recent tragedy she faced and some nasty comments she received regarding the incident.The host asked Sunny to see some of the comments that came in on social media when she had launched a crowdfunding initiative for one of her team members who needed a kidney transplant.Sunny had posted on social media asking people to donate for Prabhakar Yedley’s treatment, for which they needed Rs 20 lakh. This was followed by several rude comments, saying that she could earn in millions but wanted to crowdfund for treatment of a friend.Reacting to the nasty comments showed to her, Sunny broke down and could not hold her tears.”Prabhakar was sick long before I posted that. And Daniel and I took care of all his financial needs. All from the hospital bills, all of the blood transfusions that he would have to do because he had kidney failure. His kidneys were not working, maybe it was less than ten per cent,” Sunny said.”When you find out that your friend or someone that you’re working with so long is going to die if we don’t help him then you go into a panic and I know he has been working in this industry for a very very long time and a lot of people love him. And it is not just medical bills, it’s his home, his family, his lawyer bills because he had to apply for transplants, he had a son, what I wrote out there was a small amount what actually needed to be done.””There was so much that we wanted to do for him, there were so many things and we failed and he died,” the actress started crying after saying these words.She then somehow contained her emotions, but again broke down while reacting to people’s comments on her post.”I don’t care what people think. I don’t care if they think I might have a hundred million dollars, my thing for him was… let me tell everybody who loves you so much and who would want to take care of you, that you are sick and we didn’t we failed, he didn’t make it. It’s been really hard, we all miss him,” a crying Sunny said.On the same episode, the former adult movie star spoke about a scary situation when an angry mob had shown up at her house after a known foe instigated people against her.”What happened was his followers started making really crazy comments, threatening my life, my family. It’s not that the person had said something violent but evoked this crazy emotion in people. So, people showed up at my house. It was the scariest thing. Because Daniel was in Los Angeles, I walked up to the door with a knife in my hand,” she said.Sunny truly is one celebrity who has witnessed an equal share of love and hate in this country for herself.last_img read more

Meet the reallife John Snow who clashed with an Indian cricketer

first_imgKit Harrington aka Jon Snow in Game of ThronesFacebook/ Game of ThronesIt’s hard to get through a day in the present era without hearing someone mention Game of Thrones. And one character from the hit American television series whose name has become more common than most others is Jon Snow. But for die-hard cricket fans living in blissful ignorance of this HBO drama and those Indians and Britishers who belong to a previous generation, this name conjures up the image of a completely different character.While Jon Snow, played by actor Kit Harrington, is a fictional character, there was a real person called John Snow who was one of the best fast bowlers of his generation. Playing international cricket in the period of 1965-1976, he was known for his aggressive brand of pace bowling – a precursor of sorts to the arrival of bowlers such as Denniss Lillee, Jeff Thompson and the West Indian pacemen.Other John SnowBut if you are an Indian cricket fan who is aware of history or someone who remembers that period, what you probably recollect about this bowler is an unfortunate incident that occurred during India’s memorable series win in 1971 in England.In the very first Test at Lord’s, India were looking to chase down a low target to take a 1-0 lead and Gavaskar was at the crease. Then occurred a sour incident. As the legendary Indian batsman was going for a quick single, Snow went to grab the ball and the two men collided. John Snow was a very successful English fast bowlerTwitter/ICCNow the Indian opener was a diminutive batsman while the English pacer was a tall, strong cricketer. Obviously, Gavaskar seemed more affected by the crash. Farokh Engineer, who was batting with Gavaskar at the time, revealed during a television show some years ago that he told Snow to ‘pick on someone of his own size.’ The fast bowler maintained that he was simply heading for the ball and had no intention of colliding with his rival. But the authorities were not satisfied with it and blamed the fast bowler for the incident. Despite him apologising to Gavaskar later, he received a ban of two Tests from the English authorities.Snow picked up 202 wickets in 49 Tests and was a key member of England’s Ashes winning team in 1970/71 under the captaincy of Ray Illingworth. He was known for his aggression, both on and off-field and had several run-ins with authorities. But Snow was far from being a mindless fast-bowling brute. He was educated at a public school and wrote poetry. For cricket fans at least, John Snow, with an ‘H’ would always be more interesting than the his fictional namesake without it.last_img read more

Customer Privacy What You Need to Know About Social Media Passwords and

first_img Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals 4 min read Credit card information. Bank account numbers. Personal information, including ages, phone numbers and shopping habits. These are all pieces of data that businesses collect from customers every day. How they handle this information, and how they protect customer privacy, are serious issues for entrepreneurs.The debate surrounding privacy resurfaced most recently with CISPA (the Cyber Intelligence Sharing and Protection Act), a proposed law that calls for the sharing of certain online information between tech companies and the U.S. government. Fearing that CISPA ignores a consumer’s right to privacy, privacy advocates and technology leaders including Reddit co-founder Alexis Ohanian, launched campaigns against the bill. While it passed a House of Representatives vote, it has been effectively shut down in the Senate, where policy makers cited insufficient privacy protections. We spoke recently with Jules Polonetsky, director of the Future of Privacy Forum, a Washington D.C.-based think tank that aims to advance responsible data-use practices, on what business owners need to know about customer privacy and managing sensitive information.What follows is an edited version of our exchange:Related: How ‘Do Not Track’ May Hurt BusinessesEntrepreneur: What’s the most important issue to consider when it comes to customer privacy? Polonetsky: Transparency. Most consumers will be OK with how their data is used if they feel that it is being used for their benefit. When consumers think that their information is being used against them, they push back.Entrepreneur: How can business owners be more transparent? Polonetsky: Businesses that rely on smart uses of data need to stop thinking about privacy as a compliance issue, but rather as a data strategy issue and a customer relationship issue. Your lawyer will keep you from violating the law and will write a legally accurate privacy policy that is incomprehensible to consumers. It is your job to manage the consumer relationship. Explain how you are using their data to improve their shopping experience.Entrepreneur: Are CISPA and other bills like it a positive move for privacy and business? Or a necessary evil?Polonetsky: CISPA seems dead for now, because it didn’t adequately address privacy concerns. But it is increasingly critical for businesses, policymakers and consumer groups to figure out how to get the privacy-versus-security balance right. We need both.Entrepreneur: What’s the most overlooked issue when it comes to business and customer privacy? Polonetsky: Passwords present the biggest practical challenge today. Consumers can’t possibly manage hundreds of different passwords of different types. They end up using poor passwords on sites that don’t seem high risk. Also, businesses that don’t think their systems are high risk — say, signing up for a free newsletter with an account — may not force the use of a complicated password. But the hackers target those systems, because the same password will be the key to the consumer’s email account. Then it’s one step to reset their bank password.Related: What You Need to Know About Facebook’s New Privacy ControlsEntrepreneur: What’s an example of a privacy solution the Future of Privacy Forum has worked on? Polonetsky: Social log-in. Instead of taking time to register and fill in all kinds of data fields, consumers can log-in with Facebook, Twitter and other services. But a number of consumers pass this up because they are concerned that the business will then post to their social network without permission or spam them. The social networks have rules against this, but often consumers and businesses are unaware of those rules.We partnered with Gigya, [a company that provides social log-in tools to businesses], to create a SocialPrivacy seal. Companies display it to commit to consumers that when you log-in with Facebook or Twitter, they won’t use your data without permission. Our research shows that this assurance has helped increase social log-in use, a win for businesses and consumers.Entrepreneur: How do you see the issues concerning privacy and business evolving?Polonetsky: I think we are a critical turning point. Some businesses and trade groups seem to want to fight consumers. They don’t want consumers to have control over the use of cookies, [which companies use to track user activity online]. They oppose efforts to provide consumers with Do Not Track options. And they think that as long as they do no harm, they have a right to consumer data collection and sharing. Other businesses get the reality that success is dependent on strong consumer relationships and that consumers will provide you with data if you are using it in responsible ways.Related: 5 Ways ‘Big Data’ Is Changing the World Register Now »center_img Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. April 30, 2013last_img read more

Microsoft ToDo the end of Wunderlist

first_imgMicrosoft To-Do: the end of Wunderlist by Martin Brinkmann on April 20, 2017 in Mobile Computing – Last Update: May 22, 2018 – 15 commentsMicrosoft launched a preview of To-Do, a new cross-platform task management service the other day that is “designed to make it easy to plan and manage your day”.My first reaction to the announcement was meh, another task management service. Did not Microsoft buy Wunderlist a couple of years ago exactly for that purpose?Wunderlist was hailed by many as the coming king of task management apps, but things went quiet after Microsoft’s acquisition of the service. Yes, the team released a Windows application version, but did not introduce new features in recent time.The blog post on the Office blog reveals the main reason why that was the case. The team that is responsible for Wunderlist, which became a part of Microsoft after the acquisition, has been working on the new task management service To-Do for some time now. Known as Project Cheshire before, it is now available as a Preview on the Web, and as applications for Android, iOS and Windows 10.To-Do comes from the team behind the Wunderlist app, and delivers a smarter, more personal and intuitive way to help people stay organized and get the most out of every day. Powered by Office 365 integration and an intelligent algorithm, it is the first step on our journey to simplify task management and help you achieve more.Microsoft To-DoThe To-Do preview is rather bare bones right now. You need a Microsoft Account to get started, and can use the service on the Web, or on Android, iOS and Windows 10 devices in app-form.You can use the service to add to-dos, and create lists to sort tasks by topic. You may set due dates, add notes, and reminders on top of that using the service.Microsoft To-Do ships with a suggestions feature which highlights important tasks to you which you may want to focus on. It is too early to tell how well this works though.This is the main functionality that Wunderlist offers as well, but without options to add file attachments, or work on tasks in teams.Another interesting feature of To-Do is its integration with Office 365. The service syncs automatically with Outlook, and you will find your Outlook Tasks in To-Do right away provided that you use the same account for both services.Microsoft plans to bring “more favorite elements of Wunderlist into the To-Do experience”, and mentons list sharing, apps for Mac, iPad and Android tables, and additional integration with Microsoft services specifically.The company plans to retire Wunderlist eventually once it has “incorporated the best of Wunderlist into To-Do”.To-Do users may use the import tool to bring Wunderlist or Todoist lists and to-dos to Microsoft To-Do.SummaryArticle NameMicrosoft To-Do: the end of WunderlistDescriptionMicrosoft launched a preview of To-Do, a new cross-platform task management service the other day that is “designed to make it easy to plan and manage your day”.Author Martin BrinkmannPublisher Ghacks Technology NewsLogo Advertisementlast_img read more

Esna Travel Executive Worldwide charged and convicted

first_img TORONTO – TICO has announced several new convictions, including one that resulted in “the most comprehensive restitution paid to consumers.”Esna Travel, Rollah Zahir, and Ghulam Mustafa Wahabi all pled guilty and were convicted of crimes contrary to the Travel Industry Act, 2002. In November 2014, TICO began receiving complaints from consumers who booked 2014 Hajj Tour Packages with 1176630 Ontario Inc. o/a Esna Travel and Tours (Esna Travel), Wahabi or Zahir. Consumers made cash and cheque payments but failed to receive travel services.Esna Travel was registered as a travel agent and travel wholesaler until Jan. 18, 2016 when it voluntarily terminated its registration. Wahabi and Zahir have never been registered as travel agents. All three operated in Toronto and elsewhere in Ontario.TICO laid charges against all parties involved, which the organization said was a “complex prosecution” that ended with consumers receiving the most comprehensive restitution. All consumers who made a claim to the Ontario Travel Industry Compensation Fund were reimbursed in full. A total of $290,100 was reimbursed to consumers through the Fund, Esna Travel and Wahabi. The Fund paid $142,300, of which $50,000 will be recovered through the restitution paid by Zahir. Esna Travel pled guilty and was convicted of one count of failing to keep customer funds in the trust account contrary to section 27(6) of Ontario Regulation 26/05 made under the Travel Industry Act, 2002, and one count of carrying on business with Rollah Zahir, who was required to be registered as a travel agent. Charges against Shakrukh Teherany and Suraiya Teherany, directors and officers of Esna Travel, were withdrawn. Esna Travel was fined in the amount of $7,500 plus Victim Surcharge Fees (VSF), per count, for a total of $18,750 for both counts, and was ordered to pay restitution to consumers in the amount of $93,800.More news:  Le Boat has EBBs along with its new 2020 brochureRollah Zahir pled guilty and was convicted of one count of operating as a travel agent without registration and was fined $15,000 plus VFS, for a total of $18,750. Zahir is under Probation Order for two years (started Nov. 3, 2016) with the condition that he not be employed in the travel industry in any capacity, and that he not sell, solicit or counsel for the purpose of selling, or contract for the purpose of purchase and sale of travel services from any travel agent or wholesaler in Ontario. He was also ordered to pay restitution to The Fund a total of $50,000, pursuant to the Free Standing Restitution Order issued by the Court.Ghulam Mustafa Wahabi has pled guilty and was convicted of one count of operating as a travel agent without registration, and was fined in the amount of $8,000 plus VFS, for a total of $10,000. He must also pay restitution to consumers who paid for travel services not provided in the amount of $54,000.More news:  Sunwing ready to launch Mazatlán-Quebec City direct this winterIn a separate case, 501159 Ontario Limited o/a Executive Worldwide Travel (Executive Worldwide) and Zakaria Sheikh each pled guilty and were convicted of two counts of failing to hold consumer funds in trust. Sheikh was fined in the amount of $7,000, plus VSF, for a total of $8,750 and was placed on Probation Order for two years. His sentence also included Free Standing Restitution of $39,735.38 payable to TICO.Executive Worldwide’s sentence included restitution in the amount of Cdn$13,656.77 and US$2,290.85 payable to TICO, and a fine of $5,000 per count for a total of $10,000, plus VSF.Sheikh was Manager and President of Executive Worldwide, a registered travel agent under the Act, which voluntarily terminated its registration effective July 13, 2015. The Ontario Travel Industry Compensation Fund paid $56,390.10 to reimburse consumers who paid Executive Worldwide for travel services not provided. Sheikh and Executive Worldwide operated in Ottawa and elsewhere in Ontario. << Previous PostNext Post >> Share Tags: TICO Travelweek Group center_img Posted by Esna Travel, Executive Worldwide charged and convicted Monday, December 5, 2016 last_img read more

Affordability Concerns Constraining Homeownership

first_img Share Affordability Concerns Constraining Homeownership Bankrate.com Financial Situation homeowners Renters 2016-02-09 Staff Writer February 9, 2016 504 Views center_img Although rents continue to rise at a rapid pace, many non-homeowners are still shying away from the real estate market due to down payment and credit score troubles.Zillow’s Rent Forecast found that rents will flatten in 2016, but will still be unaffordable in most markets. This presents yet another challenge for the aspiring homebuyer on top of rising rates, tightening credit, and flat incomes.Rent appreciation is expected to flatten  over the next 12 months and will slow to an annual rate of 1.1 percent by December 2016. Nationally, the index is forecast to be $1,396 by the end of the year, compared to $1,381 in December 2015.”In general, paying a mortgage is more affordable than renting, and has been for some time. Unfortunately, many current renters aren’t able to realize the savings that come with homeownership because as home values and rents keep rising, it’s getting increasingly difficult to clear the down payment hurdle,” said Dr. Svenja Gudell, Zillow’s Chief Economist.A recent telephone survey from Bankrate and Princeton Survey Research Associates International of 2,002 adults found that 45 percent of non-homeowners say their financial situation is preventing them from purchasing a home because they cannot afford a down payment (29 percent) or their credit score is not good enough (16 percent) to obtain a mortgage loan.The Bankrate report also showed that an additional 35 percent of survey respondents noted that they  out aren’t ready to be homeowners yet.According to the data, 44 percent of millennials don’t want to own a home right now, meaning  they enjoy the mobility of renting and intend to settle down later in life.Bankrate.com’s Mortgage Analyst Crissinda Ponder told MReport that millennials could be counting themselves out of buying right now because “student loan debt is preventing them from saving for a down payment. It could also be that they don’t plan on sticking around the cities in which they currently live. Additionally, millennials are possibly waiting for a major life event, such as starting a family, to push them into homebuying. Our survey shows that 40 percent of non-parents say they just don’t want to own right now, compared with 23 percent of parents.””It’s not surprising that a lot of millennials aren’t interested in home ownership yet. Renting allows them more freedom to move,” said Holden Lewis, Bankrate.com’s Senior Mortgage Analyst. “For people in the prime child-rearing years of 30 to 49, it’s more complicated. A lot of them have income and credit issues that might have roots in the recession.”Bankrate determined that over 4-in-10 middle aged Americans don’t even own a home. Of these non-homeowners, 31 percent said that the down payment is holding them back and 20 percent say that bad credit is the reason.”The first step renters who are interested in homeownership should take is to get educated,” Ponder said. “Buying a home can be a convoluted process, so it’s important to reach out to a trusted source, such as a nonprofit housing counselor. Also, take the time to talk to a mortgage professional. You don’t have to agree to anything to learn where you currently stand financially as a potential borrower. The more you’re able to contribute as a down payment on a home purchase the better, but you don’t have to put 20 percent down.”Click here to view the full report. in Daily Dose, Data, Headlines, News, Originationlast_img read more