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Bank of America 1Q profits rise to record 69 billion

first_img NEW YORK, N.Y. – Bank of America’s profits rose to a record $6.9 billion last quarter thanks in part to the new tax law and higher interest rates.The consumer banking giant earned $6.92 billion, or 62 cents per share, up from $5.34 billion, or 45 cents a share, from the same period a year ago. Analysts had been expecting a per-share profit of 59 cents, according to FactSet.Like its competitors JPMorgan Chase and Citigroup, Bank of America reported a sharp drop in its tax bill Monday, which helped boost profits. While the bank’s pretax income rose by roughly $1 billion, the amount it paid in taxes fell by roughly $500 million in the quarter. The Charlotte, North Carolina, bank estimates that the tax law cut its effective tax rate by 9 percentage points.This first-quarter earnings season will give investors and the public their first good look into how President Donald Trump’s tax law is impacting corporate America. Banks are among the first to report results at the beginning of each quarter.Higher interest rates benefited the bank as well. The Federal Reserve has steadily raised interest rates, allowing banks to charge customers more to borrow. In Bank of America’s consumer banking division, its largest business by revenue and profit, net interest income rose 13 per cent from a year earlier. The bank also grew loans and deposits in the quarter.While higher interest rates should translate into better interest rates for savers, most of the benefits have gone to the banks, not account holders. Bank of America paid just an average of 0.30 per cent on its interest-earning deposits last quarter, up from 0.09 per cent a year earlier.Total revenue for Bank of America in the quarter was $23.13 billion, up from $22.25 billion in the same period a year earlier. last_img read more

Cenovus posts 914 million net loss amid challenging pricing conditions

first_img The risk management loss was attributed to the company’s decision last year, when prices were lower, to hedge 80 per cent of its oil production for the first half of 2018.Operating loss from continuing operations was $752 million, or 61 cents per share, compared with a $39 million loss last year.Revenue was $4.61 billion, up from $3.54 billion a year ago and above analyst estimates, as oilsands volumes nearly doubled as a result of an acquisition in May 2017.Analysts had estimated a net loss of 12 cents per share with $4.2 billion of revenue, according to Thomson Reuters data.“The challenges we experienced in the first quarter had a significant impact on our financial results, but the underlying performance of our assets remains very strong,” Cenovus chief executive Alex Pourbaix said in a statement. “I want to stress that these financial challenges are temporary and don’t reflect Cenovus’s significant potential for funds flow and earnings growth.”Cenovus announced last month that it had reduced production rates in response to an above-normal differential between the price between light and heavy grades of oil, as well as pipeline and storage constraints. CALGARY, A.B. — Cenovus Energy posted a $914 million net loss from continuing operations in the first quarter, a bigger shortfall than analysts had expected, amid challenging pricing conditions for heavy grades of crude oil as well as natural gas.The Calgary-based company said the net loss amounted to 74 cents per share, which compared with a year earlier profit of $211 million or 25 cents per share.The loss included a $100-million non-cash asset impairment charge for its Clearwater assets due to declining natural gas prices, as well as $469 million in risk-management losses. It said Wednesday that production was ramped up again to normal levels after prices for Western Canadian Select prices improved later in the quarter.The first-quarter results were also affected by planned maintenance at two U.S. refineries operated by Phillips 66 and co-owned by Cenovus. last_img read more

Weatherman says rain will not dampen Holi spirit festivity

first_img Kolkata: Kolkatans may enjoy Holi without rain playing a spoilsport as the Regional Meteorological Centre at Alipore predicted no rainfall in the city on Thursday and Friday.According to the weather office prediction, there may be slight rainfall in some Western districts in the next 24 hours. The occurrence of rainfall can be attributed to the development of a confluence zone, which is due to an amalgamation of dry northwesterly winds with humid winds from anti-cyclone over Bay of Bengal. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari Puja”There is a possibility of isolated light rain in some parts Gangetic Bengal, which includes the districts of West Midnapore, East Midnapore, Purulia and Bankura. But, the city may stay dry in next two days as a result of which people will be able to enjoy Holi Festival with a great spirit,” a senior official at the weather office said. There were no winter rains in January. But, slowly weather activities picked up pace bringing in rain in the end of February. Following the same trend, rain continued in March in short intervals. Also Read – Bengal civic volunteer dies in road mishap on national highwayIncidentally, for the past few days, rain and thundershower intensified over some parts of Bengal, including the city. It was learnt that the state has received almost three times of normal rainfall during this period with 33.8 mm against its normal of 12.8 mm in March so far. The confluence zone that still exists over Bay of Bengal has weakened. It may be mentioned that in past few days the city and various South Bengal districts witnessed thunder shower accompanied with hailstorms. Some of the Western districts also received heavy rainfall during this period. There is a prediction of heavy rainfall in the coastal areas of Odisha in the next couple of days, the MeT office said. The temperature in the city may slightly go up in the city from Thursday. People may experience discomfort particularly during the daytime due to high level of humidity in the air. last_img read more

World Refugee Day in Morocco A Happy Ending for Some

Rabat – In 2000, the United Nations General Assembly established June 20 as World Refugee day. Morocco, the first country on the African continent to sign the 1951 Refugee Convention, has played an important role in the lives of thousands of refugees who fled their home countries in search of safety. While these refugees work to establish their new lives in Morocco, challenges remain for some individuals. In 1951, the United Nations (UN) established the Refugee Convention, sometimes referred to as the Geneva Convention. The treaty, which established an international definition for “refugee”, outlined their rights as well as the obligations of their host countries. This included the right not to be expelled, the right to work, and the right to education.According to UN Refugee Agency (UNHCR) statistics, over 8,000 refugees currently live in Morocco. When war broke out in Syria, a new wave of refugees and immigrants began flowing into Morocco. The country now hosts refugees and asylum-seekers from over 50 countries. Most hail from Syria, Yemen, Cameroon, Ivory Coast, and other Sub-Saharan African countries. While some of these individuals move on to other destinations, many remain and make Morocco their home.When the Morrocan government recognized this trend, a new immigration and asylum policy was adopted.Read also: Morocco Responds to UNHCR Inquiry on Torture AllegationsUnder the instructions of King Mohammed VI, the policy offers new protections for refugees under the National Policy on Immigration and Asylum (NPIA). Established in 2013, the policy includes access to education and the job market.The years following the NPIA proved successful for some of these refugees.Integration into Moroccan societyDiyaa, a Syrian shoemaker who fled Damascus, set up a successful business in Casablanca. His family had been making footwear for generations back in Syria. Diyaa used his skills to establish a workshop after settling in Morocco with his wife and two children.In 2016, Diyaa was awarded a prize by the Moroccan Association for the Support and Promotion of Small Enterprises. Diyaa’s business has grown over the years. He has been able to hire employees to keep up with customer demand. Diyaa gave back to his host country by hiring several Morrocans to his staff, whom he considers his “brothers.”In Kenitra, a group of friends who had escaped the war in Yemen created the first refugee cooperative. The group opened the coop in 2017, a kindergarten called “Hope.”The school, which employs several local teachers, holds classes in classical Arabic instead of Darija, the Morrocan dialect. This has allowed refugee children access to education. Moroccan kindergartens tend to use the local dialect, when instructing young children. This can be a barrier to those from other countries unable to understand Darija.Elsewhere in the school system, some refugees have difficulty navigating the language barrier. Many Sub-Saharan refugees, like those from the Ivory Coast and Cameroon can speak French but not Arabic. Refugees lacking Arabic language skills cannot attend classes. Another issue is employment. Jobs in urban areas can already be hard to find, and a language barrier can make this even more difficult. Refugees also count religious and racial discrimination amongst the difficulties they find when trying integrate into Moroccan society.Despite the roadblocks, UNHCR protection chief Volker Türk has praised Morocco for its efforts. On a visit to Rabat coinciding with the fourth anniversary of the NPIA, Türk spoke about how refugees can drive development.“It is important to see refugees as an opportunity and a catalyst for change,” explained the UNHCR representative. read more

Key suspect in Slave Island theft arrested

A group of men in police uniform had stolen Rs. 10 million from a businessman in Salve Island On February 12. The two men were set free in the Kotte area but the car and cash were stolen. (Colombo Gazette) A key suspects wanted over the Rs. 10 million robbery at Slave Island in February, was arrested at the Bandaranaika International Airport today after he arrived from overseas.His arrest brings to eight the number of suspects arrested over the incident, the police said. Two men who had withdrawn cash from Sampath bank at Slave Island were heading towards Nawam Mawatha when the car was stopped by men in police uniform.At this point another group of men had arrived in a jeep and abducted the two men and stole the car with the cash. The Colombo Crimes Division (CCD) had arrested seven suspects including 3 policemen last month. read more

Chinese national arrested at airport with several items

The Detection was made by S.L Jayasinghe, C.S Samarakoon, Assistant Superintendent of Customs. Investigation and conducted by W. Kamalasiri, Superintendent of Customs, M.A.P Costa, K.K.S Madushan, R.M. Razeen, H.N.K Srimal and Ms. P.K Maskorale. A Chinese national who was heading to China was arrested at the Bandaranaike International Airport (BIA) by customs officers attached to the bio diversity unit at the airport while trying to smuggle out edible bird nests, dried sea cucumber and dried sea horses and three mugs made of Kothalahimbutu.The customs department said that the Chinese national is aged 35 and was about to board SriLankan Airlines flight UL 884 for Guangzhou at the time of the arrest. The suspect was released on a penalty of Rs. 25000/- having confiscated the goods by Jagath Obeyesekera, Deputy Director of Customs. (Colombo Gazette) read more

Five profs take their seats as Chancellors Chairs

Five Brock professors have had their work recognized with Chancellor’s Chairs Awards for Excellence in Teaching.The winners and their teaching projects were announced Monday. Each project will receive $5,000 a year for three years and recipients will present the progress of their research at the Centre for Pedagogical Innovation’s annual Tribute to Teaching day in December.The recipients are:Michael Armstrong from the Faculty of Business, will do two research projects that examine student learning.The first project will look at the performance of students who repeat courses and the factors influencing their success compared to students taking a course for the first time. For example, do students who repeat courses do better, because they have seen the material before? Or do they do worse, because of the factors that caused them to do poorly the first time around? Are there any differences between students who previously had failed the course, and those who had withdrawn before receiving an official grade?His second project will evaluate the impact of giving students extra feedback during a course. Students sometimes are overly optimistic about how well they have learned the material, and on the marks they are likely to receive. Armstrong will investigate whether non-traditional forms of feedback can help students overcome these misperceptions and be more successful in their studies. Tim O’Connell and Anna LathropAnna Lathrop and Tim O’Connell from the Faculty of Applied Health Sciences will look at the effects that participation in Brock BaseCamp and followup experiences has on the academic performance of first-year participants and the program’s student leaders. They will analyze reflective journals and use bi-monthly workshops to help with their findings.Brock BaseCamp was launched in August 2010 and offers rock climbing, backpacking and canoeing for incoming first-year students, helping them with academic success, diversity, making healthy choices, interpersonal relationships and group dynamics, and living responsibly in the academic community.Madelyn Law and Brent FaughtBrent Faught and Madelyn Law from the Faculty of Applied Health Sciences will study whether accelerated learning jeopardizes knowledge transfer and retention for the sake of efficiency and practicality.The duo will evaluate short- and long-term retention of year one and year four undergraduate course content delivered in an accelerated format versus more traditional courses with classroom and online instruction and evaluation. This research continues work started two years, investigating the longer-term outcomes around the retention and transfer of knowledge.Murray Knuttila, Provost and Vice-President Academic, said the latest Chancellor’s Chairs continue the proud tradition of dedication to teaching and teaching excellence at Brock.” The recipients exemplify the amazing variety of activities that are involved in teaching excellence, ranging from Michael Armstrong’s research addressing issues relating to student learning and Brent Faught and Madelyn Law’s investigation of student success to the effectiveness of non-traditional delivery modes,” Knuttila said. “Brock is also committed to offering learning experiences outside the classroom. Perhaps there is no better illustration of using multiple sides of the brain than Anna Lathrop and Tim O’Connell’s outstanding work with students in Brock’s BaseCamp Program.”The latest recipients join the Chancellor’s Chair holders from 2010: Mary-Beth Raddon (Sociology), Maureen Connolly and Gail Frost (Kinesiology), and Don Cyr (Finance, Operations and Information Systems). Their tenure as chairs ends June 30, 2013.The award recipients were chosen by a committee that included:• Barry W. K. Joe, committee chair and director of the Centre for Pedagogical Innovation• Prof. Roberto Nickel, chair of the Senate Committee on Teaching and Learning Policy• Prof. Phil Mackintosh, Department of Geography• Prof. Maureen Connolly, Teaching Council and past award recipient• Prof. Don Cyr, Acting Dean, Faculty of Business• Alison Ines, student representative from the Department of Classics• Prof. Gail Frost, Teaching Council. read more

Notre Dame Continues To Hold On To A Playoff Spot — But

Florida 9-1881435%23% ▲ 214% Oregon 7-32310284%<1% ▲ 21<1% TeamCFPEloFPIConf. TitlePlayoffNat. Title Michigan 8-212181714%9% ▲ 211% College Football Playoff (CFP) rankings as of Nov. 17. Baylor 8-11022214%16% ▲ 216% Notre Dame 9-1478—a26% ▲ 216% Northwestern 8-22029610%<1% ▲ 21<1% Same old, same old. The college football playoff committee had it easy this week. After a week of games where all their top teams won, they didn’t have to shake things up in their rankings much. The top five remain the same: Clemson, Alabama, Ohio State, Notre Dame and Iowa. After suffering crushing losses last week, Baylor and Stanford fell back in the rankings. Meanwhile, the Sooner state made headway: Oklahoma State and Oklahoma rose up to the No. 6 and No. 7 spots, respectively. But while the Big 12 looks ascendant, they both can’t stay there long: they play each other Thanksgiving weekend.The FiveThirtyEight model has bad news for Notre Dame fans: last week it was Baylor that was projected to elbow out the Irish by season’s end; this week it’s Oklahoma. The model continues to think an undefeated or one-loss Big 12 champion will most likely surpass Notre Dame. Our model simulations — which predict where the committee will land in its final rankings on Dec. 6 — are shown in the following table: Alabama 9-121361%63% ▲ 2119% North Carolina 9-11791536%9% ▲ 211% Clemson 10-013562%68% ▲ 2115% Stanford 8-211111144%11% ▲ 212% Utah 8-213262312%1% ▲ 21<1% Iowa 10-05132928%22% ▲ 212% LSU 7-21524100%<1% ▲ 21<1% Memphis 8-22136430%<1% ▲ 21<1% RankingProbability of … Florida State 8-21419160%<1% ▲ 21<1% Houston 10-019143739%1% ▲ 21<1% Navy 8-116164422%<1% ▲ 21<1% Oklahoma St. 10-0641335%25% ▲ 215% Mississippi 7-3222894%<1% ▲ 21<1% Oklahoma 9-175146%45% ▲ 2118% USC 7-32417734%1% ▲ 21<1% Michigan St. 9-1962211%12% ▲ 211% Ohio State 10-032445%62% ▲ 2118% TCU 9-1181265%5% ▲ 212% Wisconsin 8-22520241%<1% ▲ 21<1% Oklahoma might eventually edge out Notre Dame, but they have two awfully tough games remaining: against TCU this Saturday and on the road versus Oklahoma State. While the Sooners are our favorite for the fourth slot, the model still only gives them a 45 percent chance of making it in.Lurking at the edges are a slew of hopefuls: Oklahoma State and Iowa, though each doesn’t have a loss, stand but a 25 percent and 22 percent chance to make it; one-loss stalwarts Florida, Baylor, and Michigan State — along with two-loss Stanford — all have above a 10 percent shot.For those of you who want more nitty-gritty about our projections, check out our original methodology manifesto, as well as last week’s methodology update. read more

OSU lacrosse player Olivia DiCarlantonio uses studentathlete platform to give back

Senior midfielder Olivia DiCarlantonio (17). Credit: Courtesy of OSUAs a young girl, Olivia DiCarlantonio would wait for her uncle to return from his business trips to bring her the complimentary toiletries from the hotel rooms in which he had stayed. Whatever he gave to her, she would donate to local homeless shelters. A lot has changed for DiCarlantonio, now an Ohio State lacrosse player and fourth-year in public health, but one thing has remained constant: She is still collecting toiletries and giving back. DiCarlantonio started The Little Things this past September. The service allows student-athletes to donate complimentary toiletries collected on away trips to the Van Buren Center, a homeless shelter based in Columbus.“There’s close to 1,500 student-athletes at this university, so getting them involved in this service is powerful,” DiCarlantonio said. “It’s cool to have people back home know we are thinking about them on game day.”DiCarlantonio said it was important to leave her legacy at OSU, but in something other than her sport.“I realized that women’s lacrosse isn’t necessarily a ‘football sport’ where I could just leave my mark by winning the Heisman (Trophy),” DiCarlantonio said. “I wanted to do something that other lacrosse players and the Buckeye family can remember me by years down the road.”There are donation boxes all across campus, but mostly in buildings that athletes frequently visit, such as the Student-Athlete Support Services Office, the Younkin Success Center, the Fawcett Center, the French Field House and the Woody Hayes Athletic Center.“I wanted to make it as easy as possible for athletes to be able to donate,” DiCarlantonio said. “All we have to do is put the toiletries in the boxes on our way out to practice or when we get back from an away trip.”Andrea Kacsits, a senior middle blocker on the volleyball team, said The Little Things allows student-athletes to take something most people overlook and turn it into something helpful and impactful.“It teaches us that nothing is ever small,” Kacsits said. “The things we see as small have an impact much bigger than their stature, even if it’s not blatantly obvious.”The university has been an integral part in the service’s success.“I thought this would be a simple project, but nothing with Ohio State is ever small as they’ve gone above and beyond already,” DiCarlantonio said. “They’ve connected me with creative services and graphic design, as well as helped me to create logos and fliers for The Little Things.”DiCarlantonio, who encouraged students and faculty to contribute by donating toiletries at any of the box locations, said she is happy with the service’s progress, but she also is excited to see how its impact can continue to develop.“I already have two huge boxes of donations, and I’m not stopping anytime soon,” she said. “I would love to get this program started at other universities and share my process; why stop here?” read more

Amazon rumored to launch 10inch Kindle Fire sequel by summer

first_img There will be another Amazon tablet coming at some point. You don’t find the success that Amazon has found with the Kindle Fire, and just leave it at that. The biggest questions, then, are: when will it arrive, and how big will it be? A report out of alleged supply chain sources claims to have answers to both of those questions.China Times is saying that Amazon is planning for the second-generation of its tablet. It says that it will hit production in May or June, followed by a mid-year (end of Q2) release.The report also drops the bomb that Amazon will be building the second-generation version of the tablet to be profitable. Confused? The Kindle Fire’s initial sale essentially has Amazon breaking even; sales of Amazon’s digital and retail content are where the real profit lies. If this report has legs, though, Amazon will be shifting strategy and moving in a direction that’s more like Apple, (and other tablet manufacturers) for the second-gen Fire.The report also mentions that it expects a 10-inch version of the Kindle Fire to be coming later this year. We’ve heard this before, but this would also tie in to the shift in profit. If Amazon wants to sell a version of the Kindle Fire that more directly competes with the iPad, it’s going to have a harder time doing so by loading it with Amazon promotional content. That can fly on a $200 color e-reader, but a full-sized tablet packed with Amazon content might look ridiculous next to the iPad 3.Perhaps Amazon intended this all along, and saw the first-generation of the Fire as an “in” to create customer trust and brand recognition. Now that the Kindle Fire has been established, the company is in better position to offer a full tablet experience that competes with the iPad.Of course this is all rumor and speculation at this point. There will be another Kindle tablet coming along, but that’s all we know for sure. In other words, we wouldn’t hold off on other tablet purchases (like next month’s iPad 3) because of an impending 10-inch Kindle tablet that may not exist.via Engadget, Ubergizmo last_img read more

Poll Would booze curtains make a difference to Irish peoples alcohol habits

first_img Short URL By Cianan Brennan Thursday 27 Oct 2016, 8:59 PM Poll: Would ‘booze curtains’ make a difference to Irish people’s alcohol habits? The idea of separating alcohol from general produce in supermarkets has been the subject of frenzied debate in the Seanad over the last day. I’m not sure (736) Tweet thisShare on FacebookEmail this article http://jrnl.ie/3050580 Share17 Tweet Email1 THE LAST DAY has seen frenzied debate in the Seanad as to the proposed introduction of segregated alcohol spaces in Ireland’s retail shopping outlets.The idea is relatively simple – under the new Alcohol Act which is currently being debated retailers will be required to make the alcohol they sell ‘invisible’ for customers.The Department of Health has suggested this can be achieved through the application of ‘beer caves’ (separate refrigerated areas) or ‘booze curtains’ – plastic strip curtains for example to isolate alcohol areas from the rest of a store.The idea has created a storm in the Dáil with our politicians reportedly coming under intense pressure from retailers not to let it happenBut would it make any difference?We’re asking: Would the introduction of ‘booze curtains’ have any effect on Ireland’s drinking habits? center_img 85 Comments No, not a chance (8756) 23,319 Views Yes, absolutely (1237) Yes, absolutelyNo, not a chanceI’m not sureVote Oct 27th 2016, 8:59 PM Poll Results: last_img read more

Heres What Happened Today Thursday

first_img http://jrnl.ie/3220191 13,701 Views Waves breaking over the Great South Wall at Poolbeg in Co. Dublin. Image: John Coveney Photography By Rónán Duffy Short URL 1 Comment Fruit and vegetables on sale in Mercado Medellin in Mexico City. Source: Rebecca Blackwell/PA#SPAT: US President Donald Trump reportedly ripped into his Australian counterpart, saying their conversation “was the worst call by far.”#MIDDLE-EAST: Israel has unveiled plans for 3,000 new homes in the West Bank, its first settlement there in 20 years.#BERKELEY: Violent protests erupted at the University of California at Berkeley over the scheduled appearance of a controversial editor of Breitbart.PARTING SHOT Feb 2nd 2017, 9:05 PM Source: The Atlantic/Twitter Waves breaking over the Great South Wall at Poolbeg in Co. Dublin. Get our daily news round up: NEED TO CATCH up? TheJournal.ie brings you a round-up of today’s news.IRELAND Waves breaking over the Great South Wall at Poolbeg in Co. Dublin. Source: John Coveney PhotographyGardaí are to use undercover female gardai in an attempt to catch a repeat sex offender in Dublin.A woman faces a hefty legal bill after her stepson won a €560,000 High Court case over a Lotto jackpot win.Bus Éireann workers are to go on indefinite strike from Monday 20 February.Industrial action for secondary teachers also moved closer.Formerly independent TD Stephen Donnelly is joining Fianna Fáil.Up to 1,000 people attended an anti-Donald Trump demonstration in Dublin.Head of RTÉ 2FM described a ‘battle royale’ between his station and Today FM.Ireland has spent €1.8 million on legal costs fighting the ruling that Apple owes the State €13 billion in back taxes.A then 14-year-old boy accused of raping a young girl at a park in Dublin has been sent forward for trial.WORLD Image: John Coveney Photography Just posted: How to Build an Autocracy, our latest cover story by @davidfrum https://t.co/4MO161vEEn pic.twitter.com/BjqBdOpchb— The Atlantic (@TheAtlantic) January 31, 2017 Share16 Tweet Email President George Bush’s former speechwriter David frum has been a vocal critic of Donald Trump, he writes in The Atlantic about the Trump could build an autocracy. Thursday 2 Feb 2017, 9:05 PM Here’s What Happened Today: Thursday More strikes coming, Stephen Donnelly to Fianna Fail and Trump -V- Australia. Tweet thisShare on FacebookEmail this article last_img read more

Climat le protocole de Kyoto expirera sans nouvel accord

first_img Climat : le protocole de Kyoto expirera sans nouvel accordA l’approche du sommet de Durban sur la lutte contre le réchauffement climatique, les négociations ont repris lundi 6 juin à Bonn, pour dix jours. Mais c’est sur une note très pessimiste que Christiana Figueres, la responsable climat de l’ONU, a ouvert la réunion. Selon elle, le calendrier visant à prolonger le protocole de Kyoto ne pourra pas être respecté.La secrétaire exécutive de la Convention-cadre des Nations Unies sur les changements climatiques, Christina Figueres, a lancé hier à Bonn, en Allemagne, une nouvelle session de négociations sur la lutte contre le réchauffement de la planète. Mais d’ores et déjà, elle affirme que la date butoir de décembre 2012, moment auquel expirera le Protocole de Kyoto, ne pourra pas être respectée. “Même si les Etats étaient en mesure de s’entendre sur un texte légal relatif à une seconde période d’engagements, cela nécessiterait d’amender le protocole de Kyoto, ce qui requiert des ratifications par les parlements de la part de trois quarts des parties, il nous faut donc présumer qu’il n’y aura pas assez de temps entre Durban et la fin 2012”, a-t-elle déploré, rapporte le site des Echos.À lire aussiQui est Greta Thunberg, proposée pour un prix Nobel à seulement 16 ans ?Le protocole de Kyoto est le seul texte qui impose aux pays développés des objectifs de réduction de leurs émissions de gaz à effet de serre. Un texte que les pays en développements veulent à tout prix prolonger, sans quoi les Etats les plus riches ne seront plus soumis à aucun engagement quant à leurs émissions de CO2. “L’Europe a répété à plusieurs reprises qu’elle souhaite souscrire à une deuxième période d’engagement, mais elle pose un certain nombre de conditions, reste à savoir précisément lesquelles”, a souligné Christina Figueres. Alors que les Etats-Unis n’ont pas signé le protocole de Kyoto, le Japon, la Russie et le Canada refusent de s’engager pour une nouvelle période d’engagement tant que les pays en développement les plus émetteurs de gaz à effet de serre, tels que la Chine et l’Inde, ne se seront pas fixés eux aussi des objectifs ambitieux.Le constat de Christina Figueres est dressé alors que l’Agence internationale de l’énergie vient de publier les taux d’émissions records atteint en 2010 (voir notre article). Un alarmant bilan qui confirme la nécessité de mettre en place un nouvel accord au plus vite. Après l’échec du sommet de Copenhague en 2009, puis les timides avancées de celui de Cancun en décembre, les négociateurs du monde entier se retrouveront à Durban à la fin de l’année pour tenter de poser les bases de cet accord. Mais pour Artur Runge Metzger, le chef des négociateurs européens, il faudra certainement attendre jusqu’à 2014 ou 2015 pour que tous les pays parviennent à s’accorder sur un nouveau protocole. Le 7 juin 2011 à 16:01 • Emmanuel Perrin last_img read more

Ron Paul to hold Vancouver rally on Thursday

first_img Republican presidential candidate Ron Paul is expected to visit Vancouver on Thursday for a political rally.The rally is scheduled for 3 to 7 p.m. at the Vancouver Convention Center, and Paul is planning to speak from 4 to 5 p.m., said Katja Delavar, Southwest Washington regional director for Paul’s campaign.The event is free and open to the public. The convention center is located at the Hilton Vancouver Washington, 301 W. Sixth St. Paul, a Congressman from Texas and a libertarian, advocates for limited, constitutional government. He is running against former Massachusetts governor Mitt Romney, former U.S. House Speaker Newt Gingrich, and Rick Santorum, a former U.S. senator from Pennsylvania. The rally is tentative and subject to change, according to Paul’s campaign. Check http://www.columbian.com on Wednesday for updates. In April 2008, Paul’s highly organized supporters swamped the Clark County Republican Convention, winning 71 of 89 delegate seats to the state convention. In the 2008 race, two of three delegates and two of three alternates to the national convention from Southwest Washington’s 3rd Congressional District pledged to Paul. Arizona Sen. John McCain won the party’s nomination.Paul isn’t the only presidential hopeful focusing efforts on the Evergreen State. Santorum visited Olympia on Monday, the same day Gov. Chris Gregoire signed a bill into law that allows same-sex couples to marry. As of Tuesday, nearly 100 people already planned to attend Paul’s Vancouver visit, according to the Facebook.com page created for the event. Stevie Mathieu: 360-735-4523 or stevie.mathieu@columbian.com or www.facebook.com/reportermathieu or www.twitter.com/col_politics last_img read more

Baby saved from Laos dam disaster

This handout photo from the Thai Rescue Team taken on 26 July, 2018 and released on 27 July, 2018 shows a Thai Rescue Team volunteer group rescuing flood survivors, including a baby trapped in a remote village, close to the swollen river in Attapeu province. Photo: AFPThe rescue of a baby boy, terrified and hungry after days without food, has been captured in a viral video showing the infant survivor of a dam collapse in southern Laos being carefully carried through swirling flood waters and waist-high mud.Footage of volunteers from Thailand rescuing 14 people, including the baby, was widely shared online when it was released Friday as an increasingly international relief mission scrambles to save lives in a disaster that has left scores dead or missing.The group of survivors were stranded by flood waters after they fled up a hill on Monday as the Xe-Namnoy dam broke under heavy rain, leaving several villages devastated by flash floods.The Thai rescue team, who waded several kilometres (miles) through rushing water containing uprooted trees and debris, are fresh from efforts to help free a youth football team trapped in a cave in the north of their country.They have now come to help out in neighbouring Laos, which is poorly equipped to deal with disasters of this scale.”The boy is four months old. He didn’t have fever but he was crying, maybe because of the cold weather,” Kengkard Bongkawong, one of the rescuers, who is from Thailand’s northeast, told AFP.”The baby was crying and looks terrified. Actually they were (all) still terrified of the rushing water.”The video had been watched nearly half a million times just hours after it was posted online on Friday.Earlier this week officials said 27 bodies had been retrieved so far, with the country’s prime minister reporting 131 missing.But on Friday the governor of Attapeu province Leth Xiayaphone revised down the toll to five, saying the larger number previously given was “unconfirmed information”.Secretive Communist authorities in Laos are unused to international scrutiny and have blocked access to foreign media, complicating efforts to establish the exact death toll in a remote area.The mystery over numbers of dead deepened on Friday with a resident of the badly-hit Ban Mai telling AFP that eight people are presumed to have died in his village alone as the water rushed in.”Some were crushed by houses, others fell in the water when their boats capsized,” Phuvieng Kumprasong, 54, told AFP based on eyewitness accounts from him, his relatives and other survivors from the village.”But their bodies have not been found. It’s very difficult job for rescuers, because of the water level.”It is just one of around a dozen villages battered by the flood surges.The dam disaster has also raised serious questions over Laos’ big bet on hydropower to propel it out of poverty.Poor but rich in natural resources Laos has built or plans to complete dozens of dams on its waterways, mainly to send electricity to its energy-hungry neighbours.But the projects have been criticised by environmentalists for damaging a once-pristine ecosystem and by rights campaigners for forcibly relocating thousands of villagers who receive scant compensation or reward from the hydropower schemes. read more

Previous Ginnie Mae President to Join PennyMac Board

Previous Ginnie Mae President to Join PennyMac Board PennyMac Financial Services, Inc., a specialty financial services firm, announced Thursday that August 1, 2017 former President of the Government National Mortgage Association (Ginnie Mae), Theodore W. Tozer, will join its Board of Directors.Tozer served as President of Ginnie Mae for seven years and managed $1.8 trillion in guarantees of mortgage-backed securities. Ginnie Mae, as a part of the Department of Housing and Urban Development, creates a secondary market to buy and sell residential mortgages.Prior to Ginnie Mae, Tozer served as SVP of Capital Markets at National City Mortgage Company, a member of Fannie Mae and Freddie Mac’s National Lender Advisory Boards, and at the Mortgage Bankers Association of America as Chairman of the Capital Markets Committee. He received a B.S. degree in Accounting and Finance from Indiana University and is a Certified Management Accountant. Overall, Tozer has spent more than 30 years in the financial services industry.“I am thrilled that Ted Tozer has been elected to our Board of Directors,” said PFSI Executive Chairman Stanford L. Kurland. “Ted is a veteran of the mortgage banking industry who brings a wealth of experience and a deep understanding of all aspects of housing finance in America. On behalf of my fellow directors, I enthusiastically welcome his arrival.For more information on Tozer, click here. PennyMac Financial Services 2017-07-20 Brianna Gilpin Share in Government, Headlines, News July 20, 2017 617 Views read more

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